Jim Inhofe: “first of all, let me make 10 points and make them very succinctly and very quickly. I timed myself, and I can do it in…”

“first of all, let me make 10 points and make them very succinctly and very quickly. I timed myself, and I can do it in this time. So I start off with, in reality, this is a political exercise in futility. Every Senator in this Chamber knows it. Who in this Chamber would truly believe the President would sign legislation to repeal his own administration's rule? It is not going to happen. Yesterday, the President said he would veto it. That is a done deal. That is a no- brainer. We understand that. Now, if you want political points with some of the far left environmentalist groups, sure, this might be your opportunity to get it. But you know it is not going to happen. Secondly, overturning this rule would delay the rule that is already in effect right now. This President has a good rule. It is a cap-and- trade rule. Prior to this, nobody else was able to do it. But he is doing it. Third--this is very important--the Senator from Vermont was commenting about some people giving false financial information. I think we know from the Energy Information Administration that the cap- and-trade rule--this approach to it--would cost about $2 billion. This is what is in place right now. This is what the President has done. In the event they should substitute that for a MACT rule, the Energy Information Administration said it would cost $358 billion. Now, that is how much it would cost. But I think there is a lot more than that.…”