Obama denies Keystone pipeline due to "arbitrary" deadline

President Barack Obama announced on Wednesday, January 18, that he has decided to reject the proposed Keystone XL oil pipeline in its current form, according to Bloomberg.

The pipeline was initially meant to receive an answer on its proposal last November, but Obama chose to delay the decision based on concerns raised by environmental groups and a revised route designed to keep it away from the ecologically sensitive Nebraska Sand Hills.

Congressional Republicans hoped to force the decision by including a February 21 deadline in the payroll tax extension passed at the end of the year.

Obama, however, turned the situation around claiming that this move forced him to make a decision before the new proposal could reasonably be evaluated.

"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a statement.

The president invited Keystone's owner TransCanada to reapply so that the oil pipeline could receive its due consideration.

Prospects for U.S. oil pipelines can be found at PennEnergy's Research area.

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