Ed. Note: We would love to have a forward-thinking President who gets the concept of economic freedom. The Keystone XL Pipeline would bring jobs and prosperity to hundreds of thousands of workers, allowing them to pursue their American Dream. A thoughtful President would lead us all back to prosperity by approving it. Republished from Investors Business Daily, by George F. Will, January 15, 2015.
INVESTOR’S BUSINESS DAILY
John Tamny, editor of RealClearMarkets and a Forbes editor, notes that Borders had 10,700 employees and 399 bookstores until it had none of either, thanks in part to Amazon (NASDAQ:AMZN), whose 150,000 employees have probably participated in enough creative destruction to know permanence is a chimera.
Blockbuster — remember that? remember late fees? — had 60,000 workers and more than 9,000 stores until rivals such as Netflix (NASDAQ:NFLX) appeared.
To oppose the pipeline is to favor more oil being carried by trains, which have significant carbon footprints and accidents. To do this in the name of environmental fastidiousness is hilarious.
America has more than 2 million miles of natural gas pipelines and approximately 175,000 miles of pipelines carrying hazardous liquids, yet we are exhorted to be frightened about 1,179 miles of Keystone?
Or about the oil itself? Appearing on “Fox News Sunday,” Sen. Chris Coons, D-Del., objected that if Congress authorizes Keystone construction, it “would take consideration out of the hands of the administration” and “out of the current administration process.”
Leave aside the question of how much of this process-that-proceeds-nowhere Coons considers enough. And ignore the peculiarity of a legislator dismayed that the legislative branch might actually set national policy. But note the following, not because Coons is eccentric but because he represents Democratic reasoning:
“Keystone means unlocking the Canadian tar sands, some of the dirtiest sources of energy on the planet, and allowing those tar sands to go across our American Midwest and then reach the international economy and our environment.”
No jury would convict Coons of sincerity. Anyone intelligent enough to express that nonsense is too intelligent to believe it. Coons cannot believe that, absent Keystone, Canada will leave vast wealth — the world’s third-largest proven crude oil reserve, larger than Iran’s — untapped.
Canadian oil is going into the international market, and much of it into internal combustion engines around the world, even if this displeases Democratic senators who have demonstrated a willingness to look ludicrous rather than deviate from an especially silly component of today’s environmental catechism.
Ed. Note: Republished from Investors Business Daily. CLICK HERE to read the original.
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