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Mr. FLEMING. I thank my friend from Florida.
Mr. Speaker, I rise in support of the rule and the underlying bill. It's very interesting that our colleagues on the other side of the aisle claim that more oil production doesn't affect the price of oil or gasoline. Well, that's the same thing as saying that gravity doesn't exist and the Earth is still flat. Neither one of those are true.
We all know that it's a marketplace, it's a commodity, and the more you produce, the lower the price. How well do I know that? In my own district in Louisiana, we produce more natural gas than we can use, and the price now is so low that we can hardly produce it because of the low reimbursement for the cost. But that will come up over time.
Two cents a gallon in 1 day is how much gasoline prices have recently increased. It has increased 7 cents a gallon just in the last week. It may not sound like much, but the price of gas is going up once again. One headline says, ``Gas Prices Spike Ahead of Memorial Day.'' That's hitting just about every American in the wallet, and yet the President continues to play games with a project that will carry an estimated 830 barrels of oil per day from Canada to the gulf coast for processing.
So what are we waiting for? More studies? This project has been studied to death. Every State that it would go through has already sent its approval. It's been 1,700 days since TransCanada first applied to the State Department for permission to build the Keystone XL pipeline. TransCanada says pipeline construction will create about 20,000 jobs. And our colleagues on the other side of the aisle say, Why aren't we talking about jobs? Twenty-thousand good-paying jobs, plus lower prices to the consumer.
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Mr. FLEMING. I thank the gentleman.
But the Obama administration's State Department has politicized this project and stalled it in order to kowtow to the far-left environmental fringe.
We need the jobs and we need the energy benefits. We need the lower costs for consumers and for manufacturing.