The Washington Post reports that the Obama administration is announcing a rejection of a Canadian firm’s application to build the Keystone XL pipeline. Congress cornered Obama by inserting a mandate in the payroll extension legislation requiring Obama to make a decision on Keystone by February 21st. With the election just 10 months away, Obama had already been trying to push a decision on the pipeline, which will link Canadian oil to Texas, off. It was a lose-lose situation for Obama, who has had the choice of staying loyal to his environmentalist, clean energy constituents and risk being labeled “anti-jobs” amid $4 gas. Or cave and lose some support from his base. A new application addressing safety and environmental concerns will likely come but I suspect the Canadian firm will wait till after the election, in case Obama loses and it knows it’ll have an easier time getting approved.