On the recordJune 4, 2008
This is the problem. $23 to $58 to $123. You only address that by bringing on more supply. We have oil and gas in the Outer Continental Shelf, and we need to be there. I've got margin oil wells. I've got oil all over the State of Illinois. Do you know why we don't drill on every acre? Because you're not going to find oil on every acre. Why are leases not put out? Because there may not be oil there. In fact, on the Outer Continental Shelf on the Atlantic coast we won't even inventory it. Last Congress we said no to inventory what we might have on the Eastern Seaboard. All I want to do is bring down crude oil prices. The only way you do it is bringing on more supply. It's clear from the votes over the past 12 years, Republicans want to bring on more supply. Democrats, the vast majority of them, do not. All we're asking is that we have some that want to do that.
Source
govinfo.gov




