Mr. President, I rise to speak on behalf of S. 953. Today I wish again to speak about gas prices in our country and the pressing need to increase domestic supply. In a nutshell, the way you reduce prices at the pump for American consumers is by increasing supply, particularly domestic supply. More supply will not only help bring down the price of gasoline at the pump for American consumers, but it will also help create good American jobs for our workers across the country. It is important to remember that government does not create jobs, but government can create the environment, the legal, tax, and regulatory environment that will stimulate private investment, and that private investment will stimulate the deployment of new technologies, new companies, and, of course, create jobs to help grow and sustain our economy. I want to start out by giving you some examples close to my home in the great State of North Dakota. In North Dakota, we launched a comprehensive energy plan about 10 years ago. At that time oil companies had either left the Williston Basin, which is the energy patch in our State, or they were leaving. You might ask: Well, why was that? First, it was because they were getting better returns elsewhere. The technology was lacking to produce oil and gas economically from new formations in our State. Companies were going to other places in the world where they could extract that oil more cost effectively.…
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