Feb 13, 2012
How Much do US Senators cost?
What's perhaps most amazing about today's Oil & Gas lobbying is how little the industry spends in Washington, given its wealth and profit margins. On Jan. 30 the Keystone XL Pipeline was (re-)introduced to the US federal government as a Congressional issue. This time, however, the vote was co-sponsored by 44 US Senators. That's a lot of Senators.
But PriceofOil.org tells us these US 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 worth of Bitumen crude from Alberta, Canada to America's refineries region (Houston / Louisiana area). The resource has 8x more oil than Saudi Arabia and is 1.5x more polluting per gallon. In 2011, Exxon earned about $5 million profit, per hour (see post below).