Edward Markey actually said...

Step five. TransCanada and the sheiks in Saudi Arabia laugh all the way to the bank.

Step four. Americans get higher gas prices and no increase in energy security.

Step two. TransCanada sends that oil to the Gulf Coast where they can make billions more than where they currently sell it in the Midwest.

Step three. Refineries in the Gulf Coast re-export it to other countries at world oil prices and don't pay any taxes for doing it.