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Stabenow, MSU Democrats call for more alternative fuel options

By Ian Kullgren Originally Published: 06/12/11 11:14pm Modified: 06/13/11 10:37pm 1 comment

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Mo Hnatiuk The State News Reprints

U.S. Senator Debbie Stabenow held a press Mo Hnatiuk/The State NewsU.S. Sen. Debbie Stabenow holds a press conference on Friday at the H&H Mobil gas station located at 1500 Haslett Road in East Lansing. During the conference Sen. Stabenow called for an end to taxpayer subsidies for oil companies and discussed measures to combat rising gas prices.


With a shiny new Chevy Volt charging next to her, U.S. Sen. Debbie Stabenow, D-Mich., spoke at an East Lansing gas station Friday, calling for more alternative fuel options as gas prices linger around $4 per gallon in the Lansing area.

Stabenow gave a press conference at the family-owned H&H Mobil station, 1500 Haslett Road — the first service station in Michigan to install an electric-car charging station — lambasting major oil companies and calling for an end to taxpayer subsidies for the industry.

She instead advocated using the $21 billion in taxpayer money currently subsidizing the top five oil companies to help deflate the federal deficit.

Stabenow said the current structure negatively impacts consumers as it allows oil companies to control markets, inflating prices while still reaping taxpayer benefits.

“It makes absolutely no sense that we are subsidizing with taxpayer money to corporations with the highest profits in the world,” Stabenow said.

One way to lower gas prices is to offer more alternative fuel options at the pump, ending the monopoly the oil companies have on the industry, she said.

Stabenow said Senate Democrats are working on legislation that would provide incentives for local station owners to offer alternative fuels.

“We need more local station owners that are going to stand up and be acting in the public interest in terms of providing choice,” Stabenow said.

Speaking at her side was Joe Duffy, president of the MSU College Democrats, who praised her efforts, as gas prices gouge students’ pockets with the high prices.

“High gas prices make going to college even more expensive,” Duffy said. “High gas prices make an uncertain job market even more fragile.”

Duffy thanked Stabenow for working to end “sweetheart” deals with oil companies, which he said are damaging to consumers as the deals unfairly allow the companies to control oil prices while directly taking tax money from fuel-dependant consumers.

Stabenow — a 1972 MSU graduate — is seeking re-election in 2012 after Senate Democrats narrowly hung on to the majority by three seats during last November’s election.

She slammed oil companies and Republican legislators, criticizing the companies’ strong lobbying base and saying they put money behind her Republican colleagues.

“They pretty much stand in unison of closing any of our efforts to reduce the taxpayer subsidies, and that’s really, really unfortunate,” Stabenow said.

Stabenow also highlighted her efforts against market manipulation by oil companies, mentioning that she called a hearing as head of the Committee on Agriculture, Nutrition & Forestry to address the issue and helped give regulators “new tools” to fight market manipulation.

Jim Little, owner of the H&H Mobil station, said he had to personally make a $55,000 investment to get E85 ethanol at his station.

Little said he wants to see more government grants that help service station owners offer more alternative fuel options to help ease the increasingly prices of gasoline.

“The gasoline business is a tough business,” Little said.
“Not too many people have that money to invest.”


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Matt
(06/13/11 9:34am)
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Stabenow – the fat cow of the Senate. This woman looks like a red-headed beast of a man.

Duffy, maybe you can explain to me what these “sweetheart” deals are. Can anyone point to where these exist?

Last I checked the damn Federal government just waived off close to $20 billion in loans to the auto industry. I don’t hear Stabenow bitching about that especially since they’re not creating new jobs. The oil industry is booming based on CONSUMER DEMAND and is hiring people because they are profitable.

“Stabenow said the current structure negatively impacts consumers as it allows oil companies to control markets, inflating prices while still reaping taxpayer benefits.”

Sure, because the federal gov’t doesn’t restrict where the oil companies can drill, how many refineries they can build and ultimately force the companies to restrict supply. Believe me, the oil companies would make MUCH MORE money if they could increase the supply and reduce the price.

Remember, the single most profitable entity from oil is the federal government. They receive 18.4 cents per gallon for having put in ZERO investment. Exxon/Mobil’s profit per gallon of gas… 2 cents!