Obama Keystone Pipeline Decision Is Near
Newly re-elected president Barack Obama is being pressured by Republicans and several democrats from states that would benefit from the project – to sign the deal between Canada and America to build the Keystone Pipeline.
Conservatives including Newt Gingrich believe that the deal would create between 20,000 to 50,000 construction jobs, would give the US the opportunity to have the biggest Petrochemical plant in the world and would put the country on path toward energy independence.
But environmental activists oppose the $7 billion Keystone XL project being pushed by TransCanada, claiming that dirty fuels traveling from Canada to Texas will further pollute the air and the sea.
Many predict that the president who vetoed the idea during his first term in order to appease his base, will sign on the deal next year -because he will no longer need their vote.
While Obama has been mum on the topic, the Keystone pipeline has been in news because of the fact that Susan Rice who could be the next Secretary of State and who has an important say on the project holds half a million dollars of shares from TransCanada.
Expect Obama to make an announcement on the Keystone pipeline after picking his Secretary of State.