Steve Watkins: “I rise to address the House this morning to bring the attention to a grave matter, an economic crisis in the oil patch…”

“I rise to address the House this morning to bring the attention to a grave matter, an economic crisis in the oil patch of this great Nation. I like for my colleagues to realize if there is not changes made within the next four months to five months, we will lose over 50 percent of our production for marginal wells in the United States of America. Marginal wells produce about 1.3 million barrels a day. How much is that? That is equivalent to what we import from the Arab countries. But we are about to turn that market over to other foreign sources and put us more dependent, and rest assured, between now and July the 4th, when we have Independence Day, we will be more dependent on foreign governments than ever before in the history of our country. I do not think that is what we want. Madam Speaker, I call on the Speaker to set up an energy task force, a crisis task force. Also we must have hearings this month, move on this, and also we must establish a national energy policy before our national security is totally at risk.”