Political Quotes

On the recordJune 20, 2012
I thank the gentleman for his courtesy. Facts are really kind of difficult if you have to deal with them. The gentleman just spoke about a sad case of an individual that wasn't able to go on a trip because of the high price of gasoline. He may want to tell that individual that the oil industry, on average, over the last several months, has exported over 24 million gallons of gasoline a day, 24 million gallons of gasoline a day, exported from the United States. Maybe that has something to do with the high prices. But a few other facts. As of March of 2011, onshore, the Department of the Interior offered, between 2009 and 2011, 6 million acres of land for leasing. The oil industry only took 4 million acres. As of that time, March 2011, 38 million acres of land were under lease. 25 million acres of land were inactive. A full 65 percent of the available leased land already in the hands of the oil industry was inactive, not explored, not being produced. 65 percent unused, inactive. Offshore, 37 million acres were under lease. 2.4 million acres were active. 70 percent not being used. So why are we here opening more land? There's a reason for it. There is a reason why the oil industry wants to do this. If they are able to acquire a lease, they put it on their books as an asset, thereby giving the appearance that they have a lot of assets available to them, when, in fact, they have no intention to, in the near term, probably the next decade or so, actually explore and produce.…
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John Garamendi
Democratic · California

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