On the recordJune 20, 2012
I thank the gentleman from Colorado for his leadership and for bringing this legislation to put a good energy policy in place in this country, which we do not have today under President Obama. If you look at components of the bill, it talks about the Strategic Petroleum Reserve. The President has used the Strategic Petroleum Reserve as his bailout fund, basically, for his failed policies. {time} 1700 He's raided it. Last year he raided 30 million barrels from SPR and still, to this day, hasn't replaced that oil. But on top of that, the President took those dollars, billions of dollars, and spent them on unrelated government spending. So that's what the President's been doing with SPR--using it as his personal piggy bank and bailout fund for his failed policies. The President and others like to talk about an all-of-the-above strategy. They love to talk about energy production never being higher. One thing they fail to mention is that energy production on Federal lands, where the Federal Government actually has control, is down. In fact, President Obama's own administration, the Energy Information Agency, confirmed again recently that production this year on Federal lands is down 30 percent just in the Gulf of Mexico from last year. So they talk about production being higher. It's higher on private lands where they have no control. And by the way, through EPA and Department of the Interior and other Federal agencies they're trying to regulate and shut that down right now, too.…
Source
govinfo.gov




