Keystone and The President -- Not About the Bakken

I remember distinctly posting a story on the Keystone early on but said that would be my last Keystone XL posting  -- since the Keystone pipeline had so little to do with the Bakken.

And then, to my surprise, the Keystone took on a life of its own, and I've posted regularly on it.

Earlier tonight on CNBC ("Kudlow"), the governor of Montana, of the same party as Obama's, pointed out that not only is the Keystone XL 1.0 dead, but that there is no Keystone XL 2.0.

I was under the impression that TransCanada had come up with an alternate route across Nebraska, but the Montana governor said that was not the case. He said that the Nebraska legislature had called a special session to work out legislation that would govern any new route. The governor said that Nebraska hoped (there's that word again, as in "hope and change") to have the legislation completed by September/October so that TransCanada could submit a new route proposal.

I've said all along the killing of the Keystone XL would have no effect on the price of gasoline this summer, but Obama's enemies could demagogue it for all it was worth.

Keith Koffler, veteran White House reporter says it very, very well:

In what may go down as one of the worst political blunders of his presidency, Obama late last year bowed to environmentalists’ pressure and rejected the Keystone pipeline’s route through part of Nebraska, delaying by at least a year a major new source of oil just as gasoline prices started going through the roof.

Wednesday, he’ll be in Carlsbad, New Mexico to inspect oil and gas production fields located on federal lands.

The White House is desperate to repair the damage being done to Obama’s campaign by the price at the pump, and aides have suddenly begun portraying him as a great apostle of oil and gas drilling.

I can't wait for the story and the video coming out of Carlsbad. 

Koffler noted that Air Force One would be using fossil energy-energy-derived fuel and not algae-derived jet fuel.