On the recordMay 22, 2013
I would like to inform the gentleman that I have possibly one who, if he comes, I would like to yield to. Other than that, I am prepared to close, and I yield myself such time as I may consume. Look, it has been talked about as to the impact on gas prices in the Midwest. There is no TAPS on this pipeline in the Midwest. It goes from Canada to the Gulf of Mexico to China and everywhere else. There can't even be TAPS on it in the Midwest because we're talking about unprocessed tar sands crude, which needs to be processed. It's a drop in the bucket in the global supply and has no impact on gas prices. There are dozens of meaningful policies that we can talk about to reduce gas prices. Let's get to it rather than taking this important decision out of the context of the administration and out of the context of the process that Congress, itself, set up to co-op that very process for purely political purposes. The Northern Route Approval Act exempts TransCanada from multiple loss, including treaty acts that we've passed, the Clean Water Act, and many others that my colleague Mr. Nolan pointed out that American companies are subjected to. Yes, it's giving foreign companies preferential treatment over American companies. Even though we don't know the cost of potential Keystone tar sands spills, we do know that American taxpayers will likely be stuck paying the bill for cleaning up and for the economic costs of these spills.…





