Austin Scott: “The gentlewoman from Texas brings up a very interesting point in terms of our energy crisis and how it dovetails with…”

“The gentlewoman from Texas brings up a very interesting point in terms of our energy crisis and how it dovetails with our debt, one of the important points we have got to look at so we can see the dangerous track we are on. Mr. Ross, you just went through one of the most disturbing facts of our debt and that is the indebtedness that we are in to our foreign investors, borrowing more money from them than all the 42 Presidents combined. But let us look at who they are. Let us look at who they are who are controlling our financial security. They are the very same nations that are controlling our energy security. China and India, on the one hand, Japan, the OPEC countries, the countries in the Middle East, on the other hand. Each of these areas are controlling our debt, and they are controlling our oil. The United States of America consumes 25 percent of the world's energy. But we produce or have access to just the refining and production capacity of just 5 percent. Put that together with the fact that one thing nobody mentions, not the President, not anybody, but it needs to be mentioned, and that is that why should we be taking this time to plan the future of this great country on a diminishing resource? Every point, and I bring this to you again, this is a quote from a president, former president of Exxon-Mobil. I talked about the other's salary a minute ago to show the discrepancy. Here's what, 3 years ago, John Thompson, president of Exxon-Mobil said.…”