Steve Pearce: “the urgency and that the last speaker said that we should save our assets, keep the money in the bank. I had a friend…”

“the urgency and that the last speaker said that we should save our assets, keep the money in the bank. I had a friend whose father was in his 80s. His father did not spend much money. His son went to his dad one day and said, Dad, you are putting every penny in the bank; why are you doing that? He said, I am going to save it until I am old. The son said, Dad, if you are not there yet, you better start spending your money. I don't know at what point the opponents of this legislation say that the price has to get to before we start spending out of our savings account. But if $70 a barrel doesn't compel you that we should dip into that savings account, I am not sure where you are going to be compelled. The fact is that we have the resources. We need to utilize the resources. We need to buy ourselves the time while we convert to these renewables that were incentivized in the energy bill last year. But the renewables are going to take 20 years to get to market. I am not sure when our opponents feel like we should dip into that savings account. I think it is today. Mr. Speaker, I support the bill.”