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Description of problem: Error: Package: ansible-1.4.1-1.el6.noarch (epel) Requires: python-jinja2
python-jinja2 is a RHEL6 package, it's not an EPEL package.
According to bug 844710 comment 1, python-jinja2 can be found from the RHEL Server Optional channel. http://fedoraproject.org/wiki/EPEL#How_can_I_use_these_extra_packages.3F also states that the optional channel should be enabled to use EPEL packages on RHEL.
Ah yes, sorry I thought I had the optional repo enabled, then I got confused by python-jinja2-26.