So what the oil and gas industry want is a bit hard to follow:

1.We will import Canadian tar sands bitumen we don't want or need.

2.In order to lock-up refineries that domestic producers in the U.S. will require, creating an artificial refinery shortage, and then exporting the refined gasoline and diesel. We will simultaneously sell low carbon natural gas cheaply to be converted to high carbon and expensive Asian LNG. This will raise U.S. natural gas prices, giving away our current biggest competitive edge in manufacturing and raising costs for businesses and homes and electrical utilities.


3.By raising natural gas prices and exporting it, we will also foreclose the option of using cheap domestic gas to replace expensive imported oil as a transportation fuel.


4.Because of the refinery shortage created in (2) we will then allow the oil industry to export U.S.-produced tight oil from North Dakota or Texas to Europe.


5.This avoids hiring U.S. ships and crews to ship it to New Jersey to be refined by American workers. Once it gets to Europe, this oil will be able to command OPEC prices, but without paying any U.S. wages.


6.More expensive gasoline refined from either Canadian or U.S. oil, or from the Middle East, will be shipped back, fully marked up, to the U.S., to fuel cars and trucks. These vehicles could have filled up with Canadian oil (at pre-Keystone, lower Midwestern prices), or powered with North Dakota tight oil refined in Gulf Coast refineries not clogged with export designated tar sands bitumen, or even equipped to burn much cheaper, lower carbon domestic natural gas.