Political Quotes

“And the market system works. I think we have a responsibility at the Federal level to make sure as best we can that there is competition, and there is not the kind of gouging. But if last year, the crude oil prices got for a little while over $30 a barrel, I think now they are around $26, but still if we were to say, you cannot sell crude oil for over the $8 a barrel that was a low point several years ago, I mean there would not be exploration. They would not be coming into Pennsylvania and Michigan doing some wildcatting. They would not be acidizing some of the old wells to drain them dry of oil, and there would not be the kind of research that can make sure that we can be environmentally friendly in the smaller drilling in the fact that we can now sit on one site and go for 4 miles in all directions to capture some of the oil down below, rather than having the congestion that we saw back in the 1940s and 1950s maybe in Oklahoma and Texas. So technology is a huge change.”