Political Quotes

“In that case, I will yield myself the balance of my time so that I can utter the sentences that will need responding to by the chairman of the committee. {time} 1520 Mr. Chairman, let's go back a little bit to this issue of natural gas and what this Republican bill calls for--more drilling for natural gas in our country. Okay, we can look at that. We support natural gas. We think that natural gas is the best story that's happened in our country in the last 10 years. We love natural gas. Democrats love it. It's half the pollutants of coal. It's domestically produced. We have to make sure that when we're extracting it we don't shoot chemicals down into the surface so that we pollute the water that our children drink, but we think that we can work through those issues if people of good faith are willing to work together. Otherwise, it's a fantastic story. Why is that? Because natural gas is not a world market. The world market is for oil. If it's $116 a barrel in China, it's $116 a barrel in the U.S. It's a global market. And that's what allows OPEC to hold us hostage, because they control all of that oil coming out of the Strait of Hormuz. They control all that oil so that they can basically hold the rest of the globe's economy hostage. But natural gas, not true. Here we've seen a 30 percent increase in our natural gas reserves over the last 5 years. What does that mean? Well, in China it's $16. Japan, $16 per million cubic feet of natural gas. What is it in the United States?…”