Keystone XL: A case study in uncertainty

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A march on the White House against the Keystone XL pipeline inspired a rash of stories this weekend. A private company, TransCanada, wants to spend $7 billion of its own money on an infrastructure project that will employ thousands of Americans and bring 700,000 barrels of oil a day – 255.5 million barrels a year – into the United States. All that is needed for the project to begin is approval from the State Department.

But The Los Angeles Times reports today that President Obama will probably delay his decision on the project till after the election so as not to anger either his rich environmental lobby constituents, or his vote-producing union constituents:

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