On the recordJune 12, 2008
for 2 days now, this Congress has addressed a bill to provide increased unemployment benefits. The irony is what we are not talking about. We must talk about why are businesses leaving America, why are we losing these jobs. The answer is overwhelmingly the cost of energy and our refusal as a Congress to capture our natural resources. Dow Chemical stood beside us when Representative John Peterson announced the NEED Act, the bill that lifts the moratorium for natural gas in the Outer Continental Shelf. They told us of a $30 billion expansion and 10,000 jobs that they wished were here in America, but they were going to China, Libya and Saudi Arabia. Why? The price of natural gas. You can't pay $8 to $10 in America for an energy source that's 85 cents in those countries. We all know we lost the fertilizer industry a long time ago.
Source
govinfo.gov
