Washington is now the key country brandishing the oil weapon, using trade sanctions and other means to curb the exports of energy-producing states it categorizes as hostile. The Obama administration has taken this aggressive path even at the risk of curtailing global energy supplies.
If the U.S. government fails to approve the Keystone XL pipeline soon or rejects it outright, the Canadians may challenge the delay or rejection under the provisions of NAFTA. This move opens up a politically attractive option not previously available to the Obama administration.
I believe that the Syrian regime’s use of chemical weapons is merely a pretext for American intervention. One always suspects that oil is the real issue when it comes to the Middle East. So, let’s see if that’s the case here.
The one thing you need to know about President Obama’s plan to address climate change is that the most it will accomplish is slowing very slightly the pace at which the world is currently hurtling toward catastrophic climate change.