On the recordMay 20, 2008
Energy is the lifeblood of the American economy. Our economic prosperity is closely tied to the availability of reliable and affordable supplies of energy. Unfortunately, U.S. energy production has grown only 13 percent, while energy consumption has grown by 30 percent since 1973. Instead of traveling to spend time with loved ones, record gas prices will keep many Americans home this Memorial Day. Gas prices are now over $1.46 higher nationally than when Speaker Pelosi took over, and will shortly be over $4 a gallon. These high prices are forcing many to choose between taking a vacation or paying bills. It should come as no shock to anyone that AAA predicts that the percentage of Americans traveling more than 50 miles from home over this holiday weekend will fall by nearly 1 percent from last year. That one percent represents hundreds of thousands of families. Skyrocketing gas prices and a risky dependence on fuel supplied by volatile foreign nations highlight our need for an American energy policy that emphasizes production and decreases our reliance upon Middle Eastern oil. Many here in Congress bemoan America's addiction to foreign oil, yet they refuse to allow access to American oil and gas supplies that are necessary to cure this addiction. America has been blessed with abundant natural resources and we should not be hesitant to tap into them, especially at a time when energy prices are soaring so high and are climbing higher.
Source
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