On the recordJuly 26, 2006
I rise to offer a compromise and support a compromise. I have agreed to limit my remarks to 7 minutes in the hope, however faint it might be, that people might listen to me. Secondly, I am here to support a compromise. I am here to support a compromise led by our good friend, Chairman Domenici, involving the occupant of the Chair, the Senator from Louisiana, and a distinguished bipartisan group of Senators who are coming together to bring out a compromise that is going to solve a major problem. We hear--on the floor, and wherever politicians gather, and pundits gather, and at coffee shops--people complain about the high cost of gasoline, the high price of natural gas, and our unhealthy dependence on foreign oil. Well, my gosh, they are all right. They are all correct. We are importing over 60 percent of our petroleum. We hear lots of people pontificate about the skyrocketing costs of natural gas, heating homes, and how that affects the need for low- income heating assistance programs, and how it squeezes all of us who, like me, depend upon natural gas to heat a house. Once again they are right. Over the last few years, natural gas prices in America have been some of the most expensive in the world. Some people cry out for the need to do something to reduce these high oil and gas prices. Well, in the past, when it has come down to it, too many people have stood up and said: No, we are not going to do it.…
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