OBAMA'S KEYSTONE XL CRONY CAPITALISM

Exclusive: Gina Loudon accuses president of creating a monopoly 'to benefit his cronies'

GINA LOUDON
11/08/2015

Blocking construction of the Keystone XL pipeline is the most egregious crony capitalism move of the millennium.
It has nothing to do with protecting the environment.

Yes, it was a slap to the unions and all of those who would have profited from the tens of thousands of construction, trucking and manufacturing jobs. And, yes, it will cost Americans at the pump. And, yes, global warming (now “climate change”) is a lie of the statist left that has been soundly disproven by science, before science fell sycophant to the politically correct crew and started lying about findings to continue grants. But that is not all.

There is a much, much more sinister plot in this newest Obama lie that no one is talking about.

First, there are two ways to move oil or natural gas: trains and pipelines.

One-hundred years ago, when John D. Rockefeller was trying to get his oil to refineries, the robber barons who ran the rail lines had monopoly control, and that drove up the price of petroleum for consumers. It was Rockefeller who came up with the revolutionary idea of using pipelines. They assured a steady distribution of this critical commodity and created competition for the rail lines.

This week when Obama announced with a straight face all the fake reasons for opposing the pipeline, the inconvenient truth is that he was protecting the railroad robber barons. Namely, his friend and contributor, Warren Buffett.

When Obama claimed opposition to the pipeline was due to environmental concerns relating to fossil fuels, the implication was that if we didn’t allow the Canadians to run the pipelines, the oil would stay in the ground. It won’t. The oil is not going to sit there. So where will it go?

It could go to China, whose demand for the oil is high. But more likely, it will be transported across the U.S. on Warren Buffet’s trains.

Remember, the State Department released an environmental impact statement that indicated the pipeline would have little negative effect in the environment. After that, EPA administrator Gina McCarthy gave the go-ahead on the project as well.

So how can Obama stand before the American people and claim environmental nobility? Without the pipeline, there is a much larger threat to the environment in train transport than pipeline transport.

Case in point: Saturday in Wisconsin, a train carrying ethanol derailed on a line running along the Mississippi River. Five cars were damaged dumping ethanol into the river. No one is denying that this is a real environmental hazard, but now that Obama has stopped the pipeline, rail will be the likely method of transport for the fuel that the pipeline would have carried.
There have already been several oil train derailments this year. How long before the next oil train crashes and leaks into U.S. soil and water? This deduction, alone, proves the president was lying to and using the environmentalist movement as “useful idiots.” Why is the public so blinded by this kakistocracy that it can’t do the simplest of math to know that Obama is using the environmentalists to cover his crony capitalism?

Even more scandalous, new rules for train cars that would prevent puncturing in case of derailment were unveiled by the U.S. government earlier this year. Conveniently, Obama delayed the implementation of that rule for eight years. Another gift to Warren Buffet.

This president who campaigned against corporate welfare and crony capitalism is the worse betrayer of his own constituency in history.

In the days of Rockefeller, the government stepped in to stop the monopoly in the oil industry. Now, the president is creating a monopoly in the oil industry to benefit his cronies.

That is what the Democratic Party has become. The utter hypocrisy is mind-blowing.


Read more at http://www.wnd.com/2015/11/obamas-ke...jtFDld3MP7I.99