Political Quotes

“Oh, boy. To convert it, it is billions, right, it is in the billions of dollars. I don't have the exact number, but it is a huge amount. It is $1.5 million a day in my State alone so the Senator can see we are talking billions of dollars. There are also tremendous environmental benefits as well. But let's go to the legislation for a minute because I think this is responsive to the question asked by the Senator from Arizona about: OK. How do we make it happen? The reality is we are producing the energy now, we can produce more, and this doesn't cost taxpayer money. This creates revenues without raising taxes. This is going to create revenues to help address the debt and the deficit. This is enabling and empowering the private companies to make investments to create jobs, make investments to produce the energy. Going back to this chart, Exxon wants to invest $10 billion today, creating thousands of jobs and a tremendous amount of revenue for the Federal Government to reduce the deficit and debt. It doesn't cost a penny. That is not what it is about. It is about streamlining the regulation, cutting the redtape. That means making sure we streamline and expedite the process to get wells approved. That is the first area of legislation that increases our production onshore. We can do it offshore as well. But we are talking about more production. As I say, we are already producing more than we consume. Second, it is about building those gathering systems.…”