Key here: Obama is never wrong. He won’t change his mind unless he sees both political and egotistical benefit. Neither is present here.
Keystone is to be built wholly with private money, not like Solyndra and other government fund green energy fiascos. Those projects were known to be failures at the start yet Obama poured in millions of tax payer dollars. The only reason for the veto is pandering to the environmentalists, yet years of studies have dismissed environmental concerns. The emperor is simply displeased and no one displeases the emperor.
I wonder how much Buffett is paying Obama to keep all that oil in the tankers than are on the BNSF Railway that Buffett owns????