That's a great point on national security, because not only do we have economic objectives that we need to achieve with a national energy policy where we're relying on our own production, but we've got national security implications. And if we don't rise to the challenge, we're going to be risking our security because of our reliance on other nations. To go to the point of energy prices, this chart just illustrates how much gas prices have increased, how high they've increased. $1.80 over the past several years. The average price of gasoline has increased 42 cents since February of 2011. That's just on average around the country. The important thing to recognize is the impact that gas price increases have on the American consumer, on American families. All told, each penny increase in the cost of gasoline takes about $1 billion out of the economy. So as gas prices hit $3.17 in February, just a few weeks ago, $3.18, every penny was a billion dollars taken out of the American consumers' pockets, sent overseas. If a 50-cent jump in gasoline prices is sustained over the next year, $70 billion would be lost in the U.S. economy. This chart says it all. Go back to January of 2009. The President takes office, $1.84. If you went and you filled up your car, $1.84 a gallon. As of February 23, just a few days ago, just a week ago, $3.61.…
On the recordFebruary 29, 2012
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