The problem we have with energy right now is that China is buying an awful lot of the oil, and India is buying a lot of the oil. The appetite for energy is growing at a very rapid rate, even here in the United States, and we're not keeping up with the production necessary to keep the prices down. The oil companies want to drill. They want to make this money. They want more refineries. But to sit around and say they're not drilling where they should when the world needs more energy doesn't make any sense. We need more refineries. Everybody knows that. As you were talking a minute ago, we want to move toward energy independence, but that's going to take time as well.
Dan Burton: “The problem we have with energy right now is that China is buying an awful lot of the oil, and India is buying a lot of…”
Editor's note · Context
Discussing the need for increased oil production and refineries to address energy demands.
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