On the recordAugust 1, 2006
every one of us in Congress has heard from our constituents about the high cost of gas. A gallon is now $3 or more in most parts of the country, and there is every reason to believe that figure will continue to climb throughout the rest of the summer. Americans are asking their Members of Congress to help lower some of these costs. And we should do that. But let us not kid ourselves. This is a problem that was decades in the making, and short-term political solutions--whether it is a tax rebate or more legislation to stop price gouging--aren't going to be the complete answer. To be sure, most of these proposals would do no harm, and many would provide Americans some temporary relief at the pump. But in the long term, we can't rely solely on quick fixes designed to placate an anxious public. We need solutions designed to permanently lessen our dependence on foreign oil. Unfortunately, both Congress and the White House have been unwilling to take the politically difficult steps necessary to confront one of the most pressing economic and national security challenges of the 21st century. A perfect example is the bill before us. It does do some good things: it marginally increases the supply of oil, and it provides a financial boost to Gulf Coast States that could use the help. But fundamentally, the bill only focuses on part of the problem--our inadequate supply of oil. Unfortunately, increasing supply can't be our only answer.…
Source
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