On the recordMarch 6, 2012
I thank the Senator from California. In response, I would ask consent of the Chair to have printed in the Record the New York Times editorial of Monday, March 5, 2012, entitled ``Drill Baby Drill, Redux.'' There being no objection, the material was ordered to be printed in the Record, as follows: [From the New York Times] Drill Baby Drill, Redux Republicans' tired remedy for rising gas prices won't fix anything It's campaign season and the pandering about gas prices is in full swing. Hardly a day goes by that a Republican politician does not throw facts to the wind and claim that rising costs at the pump are the result of President Obama's decisions to block the Keystone XL pipeline and impose sensible environmental regulations and modest restrictions on offshore drilling. Next, of course, comes the familiar incantation of ``drill, baby, drill.'' Mr. Obama has rightly derided this as a ``bumper sticker,'' not a strategy. Last week, he agreed that high gas prices were a real burden, but said the only sensible response was a balanced mix of production, conservation and innovation in alternative fuels. There are lots of reasons for the rise in gas prices, but the lack of American production is not one of them. Domestic crude oil production is actually up from 5.4 million barrels a day in 2004 to 5.59 million now; imports have dropped by more than 10 percent in the same period.…





