The Keystone catechism
Not
since the multiplication of the loaves and fishes near the Sea of
Galilee has there been creativity as miraculous as that of the Keystone XL pipeline. It has not yet been built but already is perhaps the most constructive infrastructure project since the Interstate Highway System. It has accomplished an astonishing trifecta:
It
has made mincemeat of Barack Obama’s pose of thoughtfulness. It has
demonstrated that he lacks even a rudimentary understanding of the most
basic economic realities. It has dramatized environmentalism’s descent
into infantilism.
Obama
entered the presidency trailing clouds of intellectual self-regard. His
carefully cultivated persona was of a uniquely thoughtful, judicious,
deliberative, evidence-driven man comfortable with complexity. The
protracted consideration of Keystone supposedly displayed these virtues.
Now, however, it is clear that his mind has always been as closed as an
unshucked oyster.
America built the Empire State Building, then the world’s tallest office building, in 410 days during the Depression. We built the Pentagon, still the world’s largest low-rise office building, in 16 months while waging a war across two oceans. Keystone has been studied for more than six years. And Obama considers this insufficient?
Actually,
there no longer is any reason to think he has ever reasoned about this.
He said he would not make up his mind until the Nebraska Supreme Court
ruled. It ruled to permit construction, so he promptly vowed to veto authorization of construction.
The
more Obama has talked about Keystone, the less economic understanding
he has demonstrated. On Nov. 14, he said Keystone is merely about
“providing the ability of Canada to pump their oil, send it through our
land, down to the gulf, where it will be sold everywhere else. That
doesn’t have an impact on U.S. gas prices.” By Dec. 19, someone with
remarkable patience had explained to him that there is a world market
price for oil, so he said, correctly, that Keystone would have a
“nominal” impact on oil prices but then went on to disparage job
creation by Keystone. He said it would create “a couple thousand” jobs
(the State Department study says approximately 42,100
“direct, indirect, and induced”) and said, unintelligibly, “Those are
temporary jobs until the construction actually happens.” Well.
Obama
revealed his economic sophistication years ago when he said that ATMs
and airport ticket kiosks cost jobs. He does not understand that,
outside of government, which is all that he knows or respects, all jobs
are “temporary.”
John Tamny, editor of RealClearMarkets and an editor of Forbes, notes that Borders had 10,700 employees and 399 bookstores until it had none of either, thanks in part to Amazon, whose 150,000 employees have
probably participated in enough creative destruction to know that
permanence is a chimera. Blockbuster — remember that? Remember late
fees? — had 60,000 employees and more than 9,000 stores until rivals such as Netflix appeared.
To
oppose the pipeline is to favor more oil being transported by trains,
which have significant carbon footprints, and accidents. To do this in
the name of environmental fastidiousness is hilarious. The United States
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 construction of Keystone
this “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
is representative of 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. The 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.
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