President Obama announced earlier today that the Keystone XL pipeline has been rejected. Cenk Uygur, John Iadarola (Think Tank), Jimmy Dore (The Jimmy Dore Show Podcast), and Mark Thompson, hosts of the The Young Turks, break it down. Tell us what you think in the comment section below.

“President Obama has rejected the Keystone XL pipeline, killing the long-stalled project to bring oil from the Canadian tar sands to Texas.

“The State Department has decided that the Keystone XL pipeline would not serve the national interests of the United States,” Obama said. “I agree.”

The announcement, during which the president was flanked by John Kerry, his secretary of state, and Vice President Joe Biden, is the culmination of years of debate—much of it rancorous—over the Canadian company TransCanada’s proposed 1,661-mile pipeline. On Thursday, the State Department rejected TransCanada’s request to put a review of the project on hold until a dispute in Nebraska over the project’s proposed route was resolved.

The State Department, which had final say because the project crossed an international border, had been reviewing the pipeline for more than six years, working to determine whether it was in the national interest. Congressional Republicans had tried—unsuccessfully—this year to circumvent that process and grant the project a permit immediately. Friday’s decision effectively kills all those efforts.”*

Read more here: http://www.theatlantic.com/national/a…