Following up on yesterday's post, the Obama administration today announced its plans to block the Keystone XL pipeline. It did so while attempting to blame Republicans, claiming Congress had not given the administration sufficient time to review the project before requiring a decision. It made this claim despite the fact that the project has been under review for three years and previously received several approvals at the federal, state, and local levels. So much for shovel ready projects.
While it may not provide the jobs the Keystone project would have, at least we can still buy oil from places like Saudi Arabia and Venezuela. More commentary can be found here and here.