http://www.nationalreview.com/node/375041/print
Russian president Vladimir Putin has completed his Anschluss of Crimea to the sound of muted global grumbling. He now is watching America and the West for signals on what he can get away with next. Putin surely is calculating whether to keep 80,000 Red Army troops on Russia’s side of its border with Ukraine or deploy them across that red line — to the greater glory of Mother Russia.
In that context, Obama exhibited breathtaking weakness on March 28 when he ordered the EPA to study the methane generated by oil and gas production. This research, part of Obama’s obsession with so-called “global warming,” is scheduled to continue through late 2014. After that, the EPA will decide whether or not to regulate oil and gas development even further. This paralysis of analysis most likely will push decisions on the Keystone XL pipeline and new federal fracking permits well past November’s midterm elections.
“We’re studying it,” Team Obama can say when asked about Keystone and fracking. “We’ll make up our minds later.”
Kicking this gas canister down the road keeps the Left hoping that Obama will kill Keystone and new fracking plans come 2015. Meanwhile, since Obama now can scrutinize projects rather than block them, the Right will be unable to pound him as hard as they would if he actually had nixed Keystone and fracking initiatives. Obama also can assuage the pro-energy labor unions with assurances that “we’ll take a look after November.” That should keep them calm, and their coffers open.
So Obama likely will get what he wants, all the way through the November 4 vote, as Capitol Hill dangles in the balance.
At the same time, Obama has shown Putin that he need not worry about the one weapon that Moscow fears most: America’s ability to drive oil and gas prices into the floor.