Sens. Mike Crapo and Jim Risch and Reps. Raul Labrador and Mike Simpson tell us we need the Keystone oil pipeline to keep our gas prices low. They suggest a larger supply of oil reduces the price for our gas.
What they never mention is that giant oil corporations export much of the gasoline they refine to increase their profits. According to the Energy Information Agency, during the last month we exported 27 percent of all gasoline coming from our refineries. BusinessWeek reports the U.S. is now "the world's largest fuel exporter."
For years Alberta oil has been flowing to Midwest refineries, keeping gas prices in the Midwest low. The Keystone pipeline will route that oil to Gulf Coast refineries, where it can be easily exported. Studies show that if the Keystone pipeline is completed, gas prices could rise up to 40 cents per gallon, vastly increasing oil corporation profits.
Why would the congressmen we elected fight for a pipeline to increase our gas prices? Why don't they demand a ban on gasoline exports to decrease prices? Why are they fighting so hard to increase corporate profits at the expense of the American people?
Why did Big Oil give $688,789 to Idaho's congressmen, according to opensecrets.org?
Paul Mowat, Coeur d'Alene