Tim Ryan: “So that's what we're saying, and that's what the whole new direction of Congress has been about, which is, when you're…”

“So that's what we're saying, and that's what the whole new direction of Congress has been about, which is, when you're making these decisions, you have to base your public policy decisions on the facts. When the facts say this, that no matter how much you're drilling and you're not keeping up for whatever reason and you only have not even 2 percent of the total oil in the world that is in the United States, 1.6 percent, and you're consuming 25 percent, any businessperson who is sitting in our seat here, looking at these facts, would say we've got a problem. We can't keep drilling. You know, maybe we need to drill now and do what we can in the short term, but this is no long-term solution. This is clearly a problem that we have for our country. So, nuclear, biodiesel, wind, coal to liquid, whatever the case may be, those are the directions in which we need to move. Now, a lot of folks are talking about refining capacity, so I think it's important to realize that our refineries are currently running at 88 percent. We are not at full capacity with our refineries. Everyone keeps saying, ``Build more refineries. Build more refineries.'' In 2005, there was a 50 percent tax credit for any company that wanted to build a new refinery, and they have not. All of the big dogs over the last 20 or 30 years have said we have no interest in building a new refinery. They're making $130 billion in profits a year. Now, all of a sudden, we feel bad for the oil companies?…”