On the recordJune 16, 2005
I am sure many people have been following closely the debate on the Energy bill, an 800-page bill that is trying to set the energy policy for America. It is an important piece of legislation we have debated for several years. It has so many different sections involved in all the aspects of energy. It has as its goal making certain that America has enough energy to fuel its economy, making certain that we use that energy in a responsible fashion so it does not create pollution that would cause environmental harm. These are some of the basic elements of what we are trying to achieve here. But the pending amendment we have before us comes to a basic conclusion that I think most Americans agree with. America cannot be a safer and more secure nation in the future if we are more dependent on foreign oil. The more we have to depend on Saudi Arabia and Kuwait and other countries to send their oil to us, the less secure we are. The more independent we are in terms of our own energy needs and production, the stronger we are as a nation. In 1973, we imported 28 percent of the oil we consumed. Today, 32 years later, we are importing 58 percent, more than double. We are that much more dependent on foreign countries to provide us with oil, which means two obvious things. If the OPEC cartel should decide they want to restrict the oil they will produce, prices will go up in the United States. Reduce the supply, and if demand stays the same, the price goes up.…
Source
govinfo.gov




