Pete Domenici: “let me say to the Senate it is finally time. It is finally time that we decide to do something about our oil dependency.…”

“let me say to the Senate it is finally time. It is finally time that we decide to do something about our oil dependency. It is time that we do something for the American people about the rising, escalating price of gasoline at the pump. As I see it, this is a rare opportunity to produce substantial quantities of crude oil from our own homeland, from one of our States. Not only will it produce oil, it will produce the equivalent of what the State of Texas has in reserves. To say it has very little is to say the full State of Texas has very little reserves. It will produce jobs, up to 736,000. You see them on this list. America cries out for good jobs. We wonder why we don't have them. Then we ignore our own source of supply which would create them. Any time I have left I yield to the Senator from Alaska. The PRESIDENT pro tempore. The Senator has 5 seconds.”