July 27, 2011
AABOR Condemns House Passage of ‘Hurry Up and Pollute’ Bill That Would Raise Midwest Gas Prices
CHICAGO, July 27, 2011 /PRNewswire-USNewswire/ -- In response to the U.S. House's passage of legislation that would set a November 1st deadline for the Obama administration's decision on TransCanada's proposed Keystone XL oil sands pipeline, Americans Against Big Oil Ripoffs (AABOR) condemned what it called the "Hurry Up and Pollute Bill" and urged the Senate not to take up the legislation.
"The President does have enough information to decide on a permit for the Keystone XL pipeline, and that decision should be no," said Kenny Bruno of AABOR. "But unfortunately the sponsors of this bill are using this nonsensical deadline to pressure the administration into a yes decision, which would raise gas prices in the Midwest."
"The House Members sponsoring this bill are aligning with the oil industry in trying to hide the fact that this pipeline would amount to a fuel tax on Midwest farmers and consumers and cost Americans billions of dollars," said Bruno. "What makes this vote doubly bizarre is that these lawmakers want to rush a bitumen pipeline under the Yellowstone River in the immediate aftermath of the Exxon bitumen spill under the Yellowstone River."
TransCanada explicitly told the Canadian National Energy Board in 2009 that the proposed intent of the pipeline was to raise the price of crude oil in the U.S., manipulating the market by diverting oil from the Midwest to the Gulf. TransCanada's own report estimated that the cost of the pipeline could increase prices by 15 cents per gallon in the Midwest. Studies have also suggested the total drain to America's economy could total as much as $3.9 billion annually.
The pipeline would particularly affect gas prices in 15 Midwest states, including Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, and Wisconsin.
About Americans Against Big Oil Ripoffs:
Americans Against Big Oil Ripoffs is a citizens group dedicated to protecting consumers from the market exploitations of big oil companies. To learn more, visit www.stopbigoilripoffs.com.
SOURCE Americans Against Big Oil Ripoffs