Statement on Report Outlining Impact of Keystone XL on Midwest Gas Prices

Today, Consumer Watchdog released a report highlighting the potential damage that Keystone XL could have on Midwest consumers. The report, Keystone XL: Oil Industry Cash Machine, shows that with a completed pipeline, the current oil glut in the Midwest would be reduced or eliminated, resulting in cost increases of 20-40 cents per gallon of gasoline. Rep. Schakowsky released the following statement on the report:

"While I have made the argument again and again that the Keystone XL Pipeline would be devastating to public health and the environment, this report highlights another important — and immediate — concern. One of the biggest myths about the Keystone XL pipeline is that it will lower gas prices for hardworking Americans. Nothing could be further from the truth, and this report demonstrates how costly the pipeline could be for Illinoisans. It is time that the companies that stand to profit the most from Keystone XL — including ConocoPhillips, Shell, Chevron, ExxonMobil, and Koch Industries — admit to the public that Keystone XL is all risk, no reward, and probably costly for Midwest drivers."

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