Reading about Northern Gateway this morning:
Enbridge forecast a $2 to $3 annual increase in the price per barrel of crude in its pipeline application to the joint National Energy Board-Canadian Environmental Assessment Agency panel.
I was reminded of this piece from a few weeks ago:
The analyst said that if TransCanada is allowed to build the Keystone XL oil pipeline all the way to Houston, refineries could eventually export Canadian crude oil overseas.
"Whenever you add potential customers to your type of crude oil, the price will likely go up. Why? Because there's not a whole lot of buyers right now for Canadian crude oil," DeHaan said.
You know, if you told the same people who back these pipelines that you wanted to hike gas prices for any other reason--say to fund environmental initiatives--they would never stop freaking out.