Political Quotes

On the recordMarch 28, 2012
that is unfortunate. It is particularly unfortunate because everyone knows our leader and everyone on our side has absolutely agreed to offer energy amendments and give the other side an equal number of energy amendments. We are perfectly agreeable to that, and everybody knows that. It is in that context that I bring up another energy amendment, our amendment No. 1997. This has to do with another huge opportunity we have in the United States right here at home; that is, enormous oil resources we can get from western shale. Quoting the Institute for Energy Research: USGS estimates that unconventional U.S. oil shale resources hold 2.6 trillion barrels of oil, with about 1 trillion barrels that are considered recoverable under current economic and technological conditions. These 1 trillion barrels are nearly four times the amount of oil reserves as Saudi Arabia's proven oil reserves. That is the potential we have right here in this country--enormous reserves, available now, recoverable now. So what is the problem? Well, one big problem is the Obama administration has canceled all leases to access this oil shale. There was movement to properly, responsibly access that 1 trillion barrels, but that has been canceled under the Obama administration. My amendment, No.…
Said by
David Vitter
Republican · Louisiana
Source
govinfo.gov
Mar 28, 2012

Share

More from David Vitter

Sep 19, 2016

So just as an example, Wells is the biggest participant in the SBA's 7(a) loan program.

congress.gov
Jun 7, 2016

When TSCA was first enacted in 1976, the Act created a higher level of judicial review for certain rulemakings that would restrict chemicals in commerce. Congress took this approach because it wanted to ensure that rulemakings that would…

govinfo.gov
Jun 16, 2016

I ask unanimous consent that the Committee on Foreign Relations be authorized to meet during the session of the Senate on June 16, 2016, at 10:30 a.m., to conduct a hearing entitled ``Our Evolving Understanding and Response to…

govinfo.gov
Jun 7, 2016

Thank you, Senator Inhofe, for those important clarifications to preemption and for another question that is very important to clarify in order to capture the full conngressional intent of the bills preemption section. This Act is intended…

govinfo.gov

Other voices in this conversation