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Sun Feb 19, 2012 at 10:49 AM CST
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| NOT MUCH...? What's perhaps most amazing about today's Oil & Gas lobby is how little the industry spends in Washington given its wealth and profit. http://chrissearles.blogspot.c... On Jan. 30 the Keystone XL Pipeline was (re-)introduced to the US federal government as a Congressional issue. This reintroduction of the KXL issue was co-sponsored by 44 US Senators.
http://Priceofoil.org/ tells us these 44 Senators have received $22.3 million in campaign contributions from O&G companies since 1989. That averages out over the last 22 years to just $23,037.19 per Senator, per year.
The Keystone XL Pipeline would transfer +2 Trillion barrels of Bitumen crude oil from Alberta, Canada to America's refineries region (Houston / Louisiana area). The KXL resource has 8x more oil than Saudi Arabia (currently the world's largest resource) and is 1.5x more polluting per gallon. http://en.wikipedia.org/wiki/O... In 2011, Exxon earned about $5 million in profit, per hour: http://thinkprogress.org/romm/2012/01/31/415337/exxonmobil-41-billion-but-pays-tax-rate-lower-than-most-taxpayers-but-not-romney/
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