Jeff Bingaman actually said...

We know that the price of oil is set on a world market and that changes in our own domestic oil production do not have a major impact on the price of oil on that market.

Context

Stating that domestic production doesn't significantly affect global oil prices.

03/28/2012

https://www.congress.gov...

More Jeff Bingaman Quotes

there will be significant impact on the land
2/8/2012
Bowing to public opposition and budget constraints, Congress short-circuited the siting process.
2/1/2012
We've known for decades that we need a permanent waste repository.
2/1/2012
President Reagan signed the Nuclear Waste Policy Act into law and praised the bipartisan cooperation.
2/1/2012

View All Jeff Bingaman Quotes