Obama's Keystone Cop-Out

U.S. President Barack Obama made a choice last week: He chose Venezuela over Canada.

That’s what he did when he rejected the proposed Keystone XL pipeline that would have taken oilsands oil from Alberta to the Gulf Coast of Texas.

That pipeline would have delivered 700,000 barrels of oil every day from Canada (and from a new oilfield called Bakken that straddles the North Dakota-Saskatchewan border).