Canadian companies backing the Keystone XL – touted as enhancing US energy security with a big new surge of imported Canadian oil – actually expect it to supply more lucrative Gulf Coast export markets as well as raise Midwest oil prices by reducing “oversupply” in that region.Gasoline prices will rise about twenty cents a gallon in the Midwest, and this is not according to the treehuggers, no, this the from the analysis of TransCanada, the company that wants to build the pipeline.
Even worse, the pipeline will do squat as far as increasing Canadian exports. They'd export the shit anyway. It just makes it cheaper for them if the pipeline runs across the U.S., so Americans take some of the risk of the pipeline leaking.
The Canadians, of course, are waving the bloody shirt of "evil Middle Eastern oil exports", which shows both how desperate they are and how stupid they think American politicians are. As I've said before oil is a commodity that is sold on a world market. If there is any trouble in the Middle East, then the price of oil will go up and everybody who buys oil will pay that price, regardless of whether all or none of the oil that they purchased came from the Persian Gulf.
Of course, the Canadians are making a safe bet when they figure that our politicians, particularly the Republican ones, are either too stupid to understand that or too venal to care.