Steven Holt: “I thank the Chair. Mr. Chair, this amendment breaks no contracts. We…”

On the recordJune 21, 2012

I thank the Chair. Mr. Chair, this amendment breaks no contracts. We are here because the Congress, well over a decade ago when prices were less than $20 a barrel, decided this giveaway made sense. If it made sense then, it certainly does not make sense now. Oil companies drill one-quarter of all offshore oil for free. If the other side is serious about addressing the deficit, this is revenue that should be received. Please support this amendment. I yield back the balance of my time.

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Steven Holt

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govinfo.gov

Jun 21, 2012

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Steven Holt: “I thank the Chair. Mr. Chair, this amendment breaks no contracts. We are here because the Congress, well over a decade…”