there are a lot of truckers in town, protesting what they say is an unwarranted increase in fuel costs that is putting them out of business. It really doesn't surprise me. It seems every year we come to the floor of the Senate to criticize the administration's failure to implement a domestic energy policy that would support a sustainable oil and gas industry. We argue for tax relief, common sense royalty collection, access to oil and gas reserves on Federal lands. We do this because there are a lot of us who watch figures, and every day we can see that we are growing more dependent on foreign sources of oil and gas. Oil traditionally coming from the Middle East and gas coming from Canada in ever increasing volumes despite large, untapped reserves in America. I have been joined by numerous Senators from around the Nation in bringing those concerns to the floor. We have proposed numerous pieces of legislation to combat the problem, yet we have not been successful in getting many of them enacted into law. As a result, we are faced with what is happening today: Oil prices are now around $30 a barrel, with few domestic producers reaping any benefits, and with most of our oil coming from offshore. There are few domestic producers enjoying the rise in oil prices because the Administration's energy and environmental policies have just about run them all out of business. That is sad.…
Editor's note · Context
Addressing the impact of fuel costs on truckers and the need for a domestic energy policy.
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