Ed Markey

$18 billion for nuclear and then they took all the money out for wind and solar for loan guarantees.

I think I was behind you at that pump.

The oil market isn't free. It is a rigged monopoly, manipulated by a cartel that is draining the wealth out of the American economy.

Unfortunately, since taking office, President Obama and his Administration have done exactly the opposite and have repeatedly blocked access to American energy.

Zeroing out wind and solar is not a good idea, would you agree with that?

From the earliest days, the Obama Administration has continually taken land and water off the table for oil and gas production.

The Administration is not locking up public land and preventing energy production.

In the real world, we need responsible energy policies that respond to the great economic national security and environmental threats.

It's imperative that America starts developing more of these energy resources to create jobs, help jump start the struggling economy and strengthen our national security.

In this committee alone, the scorecard on 'All of the Above' stands at seven hearings featuring Drill-Baby-Drill and zero on clean energy.

But the truth is our Republican friends have taken a terrible risk; they have bet it all on just one horse.

The old horse, the one that has been running flat out for decades, is Drill-Baby-Drill.

The reference in the title of this hearing to 'Harnessing American Resources' is appropriate because we are in a horse race, Mr. Chairman.

But in this context the faster we burn down our reserves is the more power in the marketplace, those that have massive reserves for the balance of the century will have in terms of influencing the price in the market, since they work as a…

We are burning through our savings in other words, our reserves, faster than any other country on the planet.

We consume more than any other nation.

We have two percent of the world's proven oil reserves. We produce 11 percent of the world's oil on a yearly basis, and we consume 25 percent of the world's oil on a yearly basis.

Chairman Hastings, Ranking Member Markey, and Members of the Committee, this concludes our prepared statement.

Now our Republican colleagues make plenty of claims about this race, but they are handicapping is highly suspect.

That horse is owned by the American people, in partnership with researchers, investors, and companies developing new technologies to produce energy from wind, solar, geothermal, hydropower, biomass, and other renewable sources.

That horse is owned by a syndicate of the richest international oil companies in the world, and OPEC.

Rather than a blanket of roses at the finish line, the winner gets much more valuable prizes; lower unemployment, and lower energy prices for American families.

Markey, Hon. Edward J., a Representative in Congress from the State of Massachusetts.

The Bush guideline was that for 10 to 20 miles, people should just start running or ducking under their bed.

But the plants are licensed by the Nuclear Regulatory Commission, not by the states.