When President Obama, who is normally a great proponent of “infrastructure” projects, made his bizarre decision to block the Keystone XL pipeline project, I wondered if he might have been induced to create those thousands of American jobs if the oil could be moved by his beloved high-speed rail.
As it turns out, oil is already moved from northern latitudes, such as the booming oil fields of North Dakota, down to the Gulf of Mexico by rail of the old, low-speed variety. Fortunately, as Newt Gingrich pointed out during the Monday night Republican debate in Florida, the oil is on private land, so Obama can’t shut production down.
Shipping the oil with a pipeline would have significantly reduced costs, as an Associated Press report explains:
via Warren Buffet Cleans Up After Keystone XL – HUMAN EVENTS.
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