With the approach of the vacation season, Americans, already hard pressed by diminishing salaries, rising inflation, and poor job opportunities, are increasingly besieged by high energy and gasoline prices, which have already doubled since the start of the Obama Administration.
Among several remedies for this problem are the opening of federal lands for gas and oil development, the building of more oil refineries, and the construction of projects such as the Keystone XL pipeline. The White House has opposed all of the above.
This opposition has numerous ramifications, foreign and domestic. Internationally, it provides a windfall of profits for the Russians, the Venezuelans, and several Arab states, all of whom wish us ill. It gives Moscow a powerful weapon to coerce European states into compliance with Moscow’s wishes. It sparks conflicts for scarce energy sources around the world.
There has been a great deal of head-scratching about why the White House would adopt this unpopular position, particularly in areas such as the bipartisan-supported Keystone XL pipeline which its own studies indicate would have no harmful environmental effects, and may, in fact, improve public safety by taking volatile gas cargo off of the rails, where serious accidents have occurred, as well as providing urgently needed employment.
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As extreme as the position of hard-core environmentalists may be (they have convinced the Obama Administration to unconstitutionally attack property rights, and threaten to destroy a substantial portion of the nation’s agriculture for trivial reasons) “green” ideology is not the whole answer.
It seems that Mr. Steyer stands to profit from eliminating plans for the Keystone Pipeline. It has been reported that he has a significant financial stake in another pipeline which could lose business if Keystone is built. This type of cut-throat competition disguised as some ideological belief is nothing new, nor is the practice of wealthy men influencing politicians.
What has changed, however, is the extraordinary degree of blatant, unabashed cooperation by the White House in an effort that appeases a wealthy political donor, but substantially harms the public.