Political Quotes

On the recordJune 26, 2008
I rise in support of this integral part of a comprehensive approach that has been offered by the majority party to deal with the energy challenges we face today. It is important that we think of this in a comprehensive fashion because there isn't one silver bullet that's going to solve America's energy challenges, especially when it has taken years to paint us into this corner. It should be made clear that, first and foremost, this is not just more about increasing supply, not just more drilling. Some of my Republican friends are talking about draining America dry and turning the rest of our energy future over to large oil companies who already, as the gentlewoman from Florida points out, control 68 million acres of land that is available for exploitation. Just ExxonMobil alone had $40 billion of profit. Were they spending it on existing leases to increase supply? They spent $36 billion buying back their stock and found, what was it, $10 million to invest in alternative energy. Significant irony here, I think. One of the items that we've been involved with in the last 18 months is to work to give Americans more choices for their energy, to beef up opportunities for wind, solar, and tidal, in addition to those 68 million acres already available.
Said by
Earl Blumenauer
Democratic · Oregon

Editor's note · Context

Discussing energy policy and the need for a comprehensive approach to energy challenges.

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