When he talks about supply, we have a 250 years worth supply of coal in this country, 250 years that we can have access to. And according to the Federal Government, there is enough oil in deep waters many miles off our coast and on Federal land to power more than 60 million cars for 60 years. So your point about supply is important and a critical portion of this debate, and really what separates Republicans from the Democrats as we fight about these energy costs. We believe that when you bring more supply to the public that's demanding it, prices will go low. Speaker Pelosi promised, on April 24, 2006, 'Democrats have a commonsense plan to help bring down the skyrocketing gas prices.' Well, they have a plan, but the plan was just the opposite of what she envisioned. Here's a barrel of crude oil, $58.31 when she became Speaker of the House; the price today, $115.92. That, as I stated on this floor numerous times, that is bitter change, that's negative change. Change is not always good. This is bad change. This is change that was promised by the current leadership in the House. Now, how does that translate into the fuel for the soccer moms in the country? Well, when the Democrat majority came in, the price of gasoline at the pump was $2.33. Today, it stands at, on average, $3.65, a huge increase. Again, negative change based upon what was promised by the then Democrats in the minority.
Editor's note · Context
Discussing energy supply and rising gas prices during a floor speech.
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