Political Quotes

“He further states: Existing leases and what oil and natural gas companies could do with them already are the objects of long-running legal disputes. He says he would cancel leases in areas already leased by previous administrations. These are existing leases; where is the sanctity of a contractual commitment? I believe if Florida and California don't want OCS activities off their coast, that is fine; that should prevail if that is what people want. In Louisiana, Texas, Mississippi, Alabama, and my State of Alaska, where we produce roughly 22 percent of the total crude oil produced in the United States, these States should go ahead because they want this. They recognize the alternative is not very pleasant-- and that is to import more oil. I leave Members with the very ambiguous reference this administration has given, suggesting things will get better. There is a certain psychology in reassuring citizens that the price will come down. However, in reality, the consumption is up, production is down, we are 56-percent dependent on imports, and the forecast is we will be 65 percent in the year 2015 or thereabouts. These are hardly reassuring notes, taken verbatim from this administration, to suggest things will get better.”