On the recordMay 5, 2011
Thank you, Mr. Chairman. This bill is the first step for Republicans to bring a new energy policy to this country, the American Energy Initiative. Look at this chart. It says it all. Under Barack Obama and his regulators, the average price of gasoline in this country has gone up from $1.84 a gallon when he took office to just under $4. Under his watch, gasoline has more than doubled. We need more supply, and everyone agrees it should be our own energy, not foreign. Under the law of supply and demand, which my friends across the aisle have not found a way to repeal, more supply means lower prices, in addition to thousands of more jobs for Americans and billions of revenue dollars for the Treasury. H.R. 1230 requires that four promising lease sale areas, three in the gulf and one off Virginia, must be opened up for production. No more stonewalling by this administration and extreme environmentalists. After this bill came out of my committee and the full Natural Resources Committee, this administration belatedly said it would start action on one of these four lease areas. If the only way we can get action is to shame them into it, Republicans will do so. If the administration still refuses, we will do our best to force action by changing the law. This bill is the first step to get gasoline prices down. The American people deserve no less.





