Political Quotes

Michelle Wu: “Speculators do bet on that. Bubbles also occur in markets now. A witness to the Foreign Affairs Committee said we have 4…”

On the recordJune 4, 2008
Speculators do bet on that. Bubbles also occur in markets now. A witness to the Foreign Affairs Committee said we have 4 percent of the proven oil reserves. And yet the Republican response is, drill that 4 percent; it will solve our problems. We have 4 percent of the world's oil reserves. Drill the reserve and that will solve our problems. The numbers are the numbers.
Said by
Michelle Wu
Democratic · Massachusetts

Editor's note · Context

Discussing oil reserves and market speculation during a debate.

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