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| The Power Of The Pivot |
BY now, nearly everyone has
heard of the BRICS (Brazil,
Russia, India, China and South
Africa). Less known are the
CIVETS (Colombia, Indonesia,
Vietnam, Egypt, Turkey and South
Africa) and MIST (Mexico, Indonesia,
South Korea and Turkey).
These acronyms are the product of... |
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| OBAMA, A
FAMILY MAN |
TWO of the nation's
smartest analysts have just
come out with reports on
how the presidential election
looks six months out.
Bill Galston of the Brookings
Institution argues that at this
point President Barack ... |
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Keystone Project
THE next chapter in the Keystone XL pipeline saga has now begun. In January, President Barack Obama rejected the first proposal from TransCanada, the pipeline company, on grounds that there was not enough time for a thorough environmental review of the project that would carry crude oil from the Alberta tar sands to the Gulf Coast.
TransCanada recently filed a new application with the State Department, with alternative routes designed to avoid Nebraska’s Sand Hills region, an environmentally sensitive area that is at risk from potential pipeline leaks.
The department, which has jurisdiction over the project because the pipeline crosses an international boundary, must give the new application the most rigorous environmental review.
It did a slipshod job on the company’s first proposal in 2010, brushing over some serious risks to the aquifer underneath the original route, as well as other environmental problems.
It is far from clear whether one of the new routes proposed by TransCanada would involve less potential damage in the case of pipeline spill. There has never been any doubt that extracting oil from tar sands is a dirty, energy-intensive process that damages landscapes, including huge swaths of Canada’s forests, and produces more greenhouse gases than conventional oil extraction.
The pipeline will produce at most a few thousand temporary construction jobs – 6,000 according to State Department estimates.
The project would do little to reduce gas prices or US dependence on foreign oil, because most of the oil carried through the Keystone XL would be for export.
The Keystone issue is alive again in Congress, where the House version of a new transportation bill would force Obama to make an early decision.
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