Distinct correlation.
You all promised that your tax cut would grow the economy, but one year after it, manufacturing shrank, and then a year after that, the economy entered a recession.
Transcanada builds pipelines; they are NOT an Oil Company.
Right, they are a
Canadian company that is building a
Canadian pipeline to take
Canadian shale to the Gulf Coast where they can sell it to China at a higher markup than they currently sell it to us.
And they haven't said how many of the 1,000 jobs this might create would be Canadian vs. American.
Your obsession with transcanada is childish and totally irrelevant.
TransCanada, in their permit application for KXL, stated the reason for it is so they can sell their shale for more than they currently sell it to us.
our perditions of skyrocketing oil prices due to the XL global market are unsubstantiated hooha.
Its not my prediction, it's TransCanada's:
“Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to
strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply.
This is expected to increase the price of heavy crude to the equivalent cost of imported crude.
The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
