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Canadian PM courts China after Obama's Keystone Pipeline Rejection ^ | February 11, 2012 | Bob Beauprez

Posted on 02/11/2012 6:24:11 AM PST by Kaslin

About three weeks ago, Barack Obama nixed the Keystone XL pipeline that would have transported 900,000 barrels of oil per day from the Canadian tar sands to the gulf coast region of the U.S.  The pipeline project would also create 20,000 direct jobs and potentially hundreds of thousands of indirect jobs according to economic analysis.  

Spurned by Obama's rejection, Canadian Prime Minister Stephen Harper stated that if Canada's next door neighbor and close ally didn't want Canada's oil, then he'd pursue other markets to "diversify" the market for Canada's natural resources.  It didn't take him long. 

Harper was in Beijing this week where he "pledged closer trade ties with China" during talks with Premier Wen Jiabao.  Finding alternative markets for its natural resources has become a top priority for Canada, which today sells nearly all of its oil to the U.S., but sees environmental regulations from Washington as an increasing impediment to its oil-export ambitions, according to a report about Harper's trip in the Wall Street Journal. 

From the WSJ:

The trip is part of a broader strategic push by Canada to more closely align itself with China and reduce its reliance on the U.S. Mr. Harper aims to increase Canada's capacity to export oil and other resources to China, an effort that has intensified following the Obama administration's decision to reject for now TransCanada Corp.'s Keystone XL pipeline

Obama's rejection of the Keystone XL pipeline was dumb on top of stupid.  It killed a legitimate job creating, energy providing shot in the arm for the American economy in desperate need of some good news.  The rejection also forced a great ally and trading partner to seek favor with America's largest economic and political competitor in the world.  

The Chinese are more than willing to fill the void created by Obama's mistaken decision, and take advantage of Canadian oil to expand the Chinese economy on a path to overtake the U.S. as the world leader.    

TOPICS: Business/Economy; Canada; Editorial; Foreign Affairs
KEYWORDS: china; energy; harper; keystonepipeline; keystonexl; obama; pipeline

1 posted on 02/11/2012 6:24:20 AM PST by Kaslin
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To: Kaslin

This is one of many situations you can tell Obama is willfully trying to hurt America.

2 posted on 02/11/2012 6:27:53 AM PST by bigdirty
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To: Kaslin

of course they are lets just hand away all our resources.

3 posted on 02/11/2012 6:32:56 AM PST by television is just wrong
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To: bigdirty

I agree. I used to cringe when Rush said that the economic destruction of America was “be design”, but it’s hard to argue with an example such as this.

4 posted on 02/11/2012 6:33:35 AM PST by JudyinCanada
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To: JudyinCanada

I agree.

Imagine if an enemy agent become the US President and given the task of economic, political, diplomatic, and military meltdown. Would he really do anything differently than President Obama?

I’ve always heard that the only way to defeat America is from within. We are all witnessing our own defeat.

5 posted on 02/11/2012 7:47:28 AM PST by Tai_Chung
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To: Kaslin
The crew on Cavuto's show on Fox just made a great point re the Pipeline.

What's more environmentally safe; having Canada pipe the oil to the coast, put it in hundreds of tankers, shipping it to China, having the oil refined in substandard refineries, and using the oil to fill up Chinese bombers to be used against us, or piping it to Texas with near zero chance of environmental damage, refining it at the best standards, and using the oil ourselves?

6 posted on 02/11/2012 8:06:48 AM PST by paul in cape
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To: paul in cape

I heard them. So true! This president cannot move fast enough to destroy the U.S.. This decision is blatantly clear as a move to hurt us.

7 posted on 02/11/2012 8:27:13 AM PST by sheikdetailfeather ("We need to teach the establishment a lesson!" Newt Gingrich CPAC 2-10-2012)
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To: Kaslin
Way to go Obama! Are you trying to make Jimmy Carter look good in comparison?
8 posted on 02/12/2012 12:54:36 AM PST by Impy (Don't call me red.)
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