Steven Holt: “My friend from Colorado talked about the harm that this bill would do and why it's important that the application be…”

“My friend from Colorado talked about the harm that this bill would do and why it's important that the application be approved even if the review is not complete, even if the review is not yet done right. I wonder if the gentleman from Colorado thinks that maybe a student should graduate even if he hasn't taken the exam because the semester is coming to an end. Well, time's up. I guess we should just declare the student duly passed--even if the review hasn't been done. That's a question. If the gentleman feels that a student should be deemed passed because the semester is coming to an end, even if the review of that student's work has not been completed. I would yield to the gentleman if he cares to answer that. If not, I will continue. This legislation might make sense if we thought there was some economic need for it, if we thought that there was some safety need for it, if we thought it was important to grease the skids and move through the environmental review quickly. But none of those things apply. This will not bring down prices. Certainly, release of oil from the Strategic Petroleum Reserve would do more for prices at the pump than this. This won't make a bit of difference in the price at the pump, this legislation. It certainly won't help support an important but troubled industry. Actually, this industry is not troubled. This industry is going to take home about $100 billion dollars in profits this year.…”