Political Quotes

“That is exactly what H.R. 4899 will accomplish. This legislation puts people to work, putting people in America first, keeping energy costs low for families and businesses, and strengthening our national security. I urge immediate passage of this bill. Mr. DeFAZIO. Mr. Chairman, nothing I have heard has refuted the points I made earlier. In fact, the gentleman from South Carolina made the point about high diesel prices. Well, if he was harking back to a time when diesel was actually cheaper than gasoline, well, back then, we didn't export much refined diesel. Now we are exporting in the vicinity of 1 million barrels a day of diesel. So the price of diesel is up because we are paying the so-called world price. And if we exported 2 million barrels a day, the world price wouldn't go down. And then you have the issue with the speculators on Wall Street, as I mentioned earlier. According to the head of ExxonMobil, 60 cents a gallon--and that would be diesel and gasoline--goes directly to speculators on Wall Street, those high-frequency traders who are so vital to our economy. We do have a few statistics just to keep it straight. Gasoline production was at a record high in May, but unfortunately, gas prices were pretty darn high. This is from the Energy Information Administration, and they quote the American Petroleum Institute, which is the group that wants to begin to export crude oil.…”