In the latest issue of Sierra magazine, The Sierra Club argues that an “even more potent ally” than President Obama in their fight against the Keystone XL pipeline is the House of Saud, the largest exporter of petroleum liquids in the world.
“Environmentalists are depending on President Barack Obama’s veto pen to block the project–at least until the State Department issues its final ruling in the matter,” writes Sierra’s Paul Rauber. “But we have another, even more potent ally in the fight: the House of Saud.”
This new-found ally—which owns 16% of the world’s oil reserves and has the world’s largest crude oil production capability—Rauber explains, is helping to thwart the progress of the pipeline deal:
"Rather than cutting back production in order to stabilize oil prices, the world’s largest oil producer is keeping its petroleum taps wide open, hoping to drown upstart competitors in Canada, North Dakota, and Russia in a sea of cheap oil."(Truth Revolt)