TransCanada’s plan to jack up oil prices is hiding in plain sight. In the appendix to its application to the Canadian National Energy Board (helpfully provided to me by the Natural Resources Defense Council), the company brags that its project is “expected to realize an increase in the heavy crude price of approximately $3.00 per barrel by avoiding a discount” at the U.S. Gulf Coast. The market price of heavy crudes should rise an additional $3.55 per barrel when the new pipeline “relieves the oversupply situation in the Midwest.”
The low price crude in the eastern Rockies and central plains states is going to be shipped to other areas, some for diesel, the dirty Canadian tar sand oil will go to the Gulf coast refiners located in "export zones" meaning it's tax free. It is a shell game, moving low price oil away from current use and users, replacing it with high priced oil.
XL proponents say the pipe will lower gas prices, it is the opposite, it will raise it. Do you think they are doing this for your benefit, their worried about you? Pull your head out. Air your tires up, coast to the red light, ride your bike. "RELIEVES THE OVERSUPPLY SITUATION IN THE MIDWEST", do you understand now who this pipe is for?