Political Quotes

“In the previous amendment, we discussed title II, the Gasoline Regulations Act, which creates a new government committee to do the impossible: conduct an analysis of EPA air quality rules that have not yet even been proposed, using data that does not exist. The interagency committee cannot possibly provide a credible assessment of the potential impact of these potential rules on energy prices. It would simply require too much guesswork. Moreover, the Energy Information Administration told our committee staff that it does not have the capability to conduct much of the analysis required by this title. The agency would have to devote significant new staff and contractor time to complete the analysis. The CBO estimates that the Gasoline Regulations Act would cost $3 million to implement. That's $3 million to produce a report that will not be reliable, credible, or valuable to anyone. Mr. McKinley's amendment would make this report even less credible by significantly expanding its scope. His amendment would require that this new interagency committee examine ``any other matters affecting the growth, stability, and sustainability of the Nation's oil and gas industries, particularly relative to that of other nations.'' This language suggests that the new committee will have to take into account events and regulations in other countries as well as our own. Now, that's certainly going to send the price tag well above $3 million.…”