Dan Burton: “I hope everybody who may be paying attention to this...raising the price of gasoline by taxing these companies is not…”

Each one of those drilling sites, if they drill and they find oil, it costs up to $2 billion to drill there. And if they're not going to make any money, they're sure not going to do that.

Well, Mr. Volcker, who is now back with this administration, he came in and started ratcheting up the interest rates to slow down the rate of inflation. Interest went up to 21.5 percent. And I had a business then. And we had to close our…

I wish you'd hold that chart up again that shows how big the ANWR is. I think the American people are under the impression that the ANWR is a huge place. It's the size of--you said Reagan airport, I said Dulles, but airports are airports.

They have twice the amount of oil there that they have in Texas, and I just cannot understand why we're not drilling there.