On the recordJune 20, 2012
The gentlelady was quite correct about worrying about the price of gasoline. And as you sit around talking about that, you ought to be concerned about the 24 million gallons of gasoline that's exported from the United States every day. You might also want to consider that the price of natural gas has plummeted by more than 60 percent during the Obama administration, providing us with an extraordinary opportunity for growth. But what I'd really like to talk about is, this bill is not a Strategic Energy Production Act. It does not deal with the renewable energy. In fact, the wind energy industry in the United States is about to come to a screeching halt. Seventy-five thousand jobs are presently in this industry. We are already beginning to see the downsizing-- 17,000 are now being laid off because the production tax credit is not being extended. If we were to extend the production tax credit, we could probably find another 37,000 people working next year. If we added to this my piece of legislation, H.R. 487, which requires that our tax dollars--in this case, the production tax credit--be spent on American-made equipment, we could see, perhaps, even more manufacturing in the United States. Bottom line: the Strategic Energy Production Act is an act for the oil and coal industry. It is not for America. We need to change that. We need to look at all of the above, not just oil and coal.
Source
govinfo.gov




