On the recordFebruary 2, 2017
Mr. President, I know that President Obama is gone now, but his War on Fossil Fuels is alive and well. However, they are not winning that. Back in Oklahoma, they ask me the question sometimes: If all of the liberals are concerned and if they are all opposed to fossil fuels--and to nuclear, I might add; coal, oil, gas, and nuclear--if coal, oil, gas, and nuclear are responsible for 89 percent of the power it takes to run this country, how do you run the country without those? Those are the kinds of questions we get. I appreciate and--I know it is a very popular statement that was made by my friend from Ohio; unfortunately, it has nothing to do with the issues we are looking at right now. Back during the time Dodd-Frank was considered, it was dealing with banks and financial institutions. It had nothing to do with energy. Yet section 1504 was put in there. Part of section 1504 required that information be provided during the course of a competitive situation for some kind of a project. I will give you an example. We have a private sector in our oil and gas. For China, that is a government project. If we are competing with them--let's say for some cause that is in Tanzania or someplace--they said, so that there is a safeguard and there can't be corruption, so that if we should win--I say ``we,'' but I am talking about the private sector in the United States of America--then they have to report the information to the SEC, which in turn makes it published.…





