President Obama doesn't seem to understand that there is a worldwide market for gasoline. If you lower the price in Europe, it will lower the price in the US. Oil companies will ship gasoline to the place where they can get the higher price and they will keep doing that until the prices in all the places are the same. From Bloomberg:
“Understand what this project is: It is providing the ability of Canada to pump their oil, send it through our land down to the Gulf where it will be sold everywhere else,” the president said yesterday during a visit to Yangon, Myanmar. “It doesn’t have an impact on U.S. gas prices.” . . .
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