Political Quotes

“I thank the Senator from North Dakota. I rise to join my colleagues on the other side who represent States that know a little bit about energy and certainly my colleague from North Dakota who has led this effort from the first day he arrived in the Senate. It is no big surprise because we know we can have much oil out there and we can know where the reserves are, but if we don't have the infrastructure to move that oil to market, what it does is drive up prices. I haven't checked today, but oil price is below $40 a barrel. If someone doesn't think that is supply-demand economics 101, they don't understand what is happening. The fact is we have known reserves in places such as North Dakota and Alaska, we have produceable reserves in Canada, and we have an opportunity to continue to develop these resources in a way that benefits in an incredible way American consumers. Think about what is happening for the average American family today when they fill up at the pump, and think what that means and how that will ripple through our economy as discretionary income grows. But that is only possible when we have a known supply that is moveable, it is transportable, it is in fact capable of reaching its market or reaching the refinery. That is what we are talking about when we are talking about North American crude oil.…”