Douglas Alexander: “So, Mr. President, given the extraordinary impact of $4-a-gallon gasoline on the people of Tennessee and the people of…”

“So, Mr. President, given the extraordinary impact of $4-a-gallon gasoline on the people of Tennessee and the people of this country, they are looking to us in the Senate and the Congress to do something about this. I noticed there are some interesting new professors of economics on the Democratic side of the aisle who seem to be trying to repeal the law of supply and demand. I have been studying this strange development, and I am trying to trace the source of it. It would appear that maybe the source of it is the young new chairman of the department of economics on that side of the aisle, because the New York Times reports this morning that Senator Obama opposes drilling in Alaska, and says he is ``not a proponent,'' in his words, of nuclear power, which provides 20 percent of our electricity today and 70 percent of our clean carbon-free electricity. He would consider banning new coal plants without clean coal technology. Coal produces 45 percent of our electricity today. In 2006, he voted against further exploration in the Gulf of Mexico for oil and gas, in a portion of the Gulf known as Lease 181. More than 70 Senators from both sides of the aisle voted for it, which, so far as I can tell, leaves Senator Obama with not much more than a national windmill policy, as opposed to a national energy policy, for this great United States of America, which consumes every year 25 percent of the energy in the world.”