Obama's Disgraceful Choice of Carbon-Intense Conflict Oil from Our Greatest Enemy in the Western Hemisphere Over Ethical Oil from Canada
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). Which is almost precisely the amount of oil Venezuela now ships to the United States, to those same refineries in Texas.
With one fell swoop, Obama could have replaced conflict oil, from a belligerent, authoritarian OPEC regime, with ethical oil from Canada. But he didn’t.
Venezuela sells an enormous amount of oil to the U.S. About 800,000 barrels a day. At a hundred bucks a barrel, that’s $80 million a day. That’s about $30 billion a year America pays to its greatest enemy in the western hemisphere.
It’s not just conflict oil, though. Venezuelan oil is some of the most carbon-intense oil in the world — even more so than Canada’s oilsands. So by replacing Venezuelan imports with Keystone XL oilsands oil, not only would Obama have been doing the right thing geopolitically, it would have reduced America’s carbon footprint — which Obama claims to care about
Obama’s decision is a disgrace, but it’s America’s business. So now our business is to sell our oil to Asia. Not just for our economic success, but to prove we are an independent country.