I rise to address the Energy bill which has been introduced by Senator Lott. We have had a good deal of discussion about this country's continuing dependence on imported petroleum products, particularly crude oil, to the point that currently we are about 58-percent dependent. As a consequence of the concern over the lack of adequate heating oil supplies, particularly in the eastern seaboard, the President, on the recommendation of the Vice President, made a determination to release about 30 million barrels from the Strategic Petroleum Reserve. That is a significant event. I question the legality of that action. I question the meaning or significance of that action, but we can get into that a little later in my comments. I am also going to touch on our realization of the high price of natural gas, following our recognition of our dependence on imported oil. Oftentimes, we do not see ourselves as others see us. I am going to read a paragraph from the New York Times article of September 26 called ``Candidate In The Balance.'' It is by Thomas L. Friedman. I quote: Tokyo. It's interesting watching the American oil crisis/ debate from here in Tokyo. The Japanese are cool as cucumbers today--no oil protests, no gas lines, no politicians making crazy promises.…
Editor's note · Context
Discussing the Energy bill and U.S. dependence on imported petroleum products.
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