Ed Markey: “Mr. Speaker, right now we are facing an energy crisis. The Bush administration and Republicans in Congress are…”

“Mr. Speaker, right now we are facing an energy crisis. The Bush administration and Republicans in Congress are perpetuating a myth that the oil companies don't have access to enough places to drill for oil. This story is nothing more than a drilling decoy. We might as well put an aquarium out here in the well, there are so many red herrings that the Republicans are throwing into this debate about our energy independence. Roughly 80 percent of all of the oil and gas are located in areas where drilling is already allowed, 68 million acres, 80 percent of the resources in America. So ExxonMobil, everybody in America pulling into the ExxonMobil station. They made $40 billion last year. Do you know what they did with their $40 billion? They put $32 billion of it back into buying their own stock. They were drilling for profits in their own stock, not on the lands where America wants them to go to find the oil and gas, where they are already permitted. Now, what did they do on renewables, ExxonMobil? They took $10 million, million dollars, just millions of dollars, 10 million, and put it into renewables.”