Political Quotes

On the recordMay 5, 2011
All Americans are concerned about high gas prices and the growing cost they are imposing on our families. We should also be concerned that those high prices might stall our economic recovery. So what can we do to reduce the burden, both for families and for our economy as a whole? I support safe, responsible drilling. So does President Obama: his administration has already set us on course to re-issue three out of four of the leases in question in this bill. Domestic drilling is definitely part of the solution to meeting our energy needs. But I also know that offering drilling as the only solution is simply not up to the scale of the challenge we face. Consider that the United States already produces about 1.5 million more barrels of oil per day than it did in 2005. And last year under President Obama's watch, domestic oil production rose to its highest level since 2003. If Republicans were right, that increased production would lower prices-- but in fact, oil reached a record of $147 per barrel during the same period. Consider the fact that Canada, unlike the U.S., produces about 1.1 million more barrels of oil than it consumes each day. Canada produces far more oil than we do--and if Republicans were right, Canadian gas prices wouldn't be rising at the same rate as ours. But they are-- they're feeling the effects, just as we are.…
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
May 5, 2011

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