Political Quotes

On the recordJune 23, 2005
I rise tonight to talk, sadly, about the fact that America once again is completing another month, another halfway through another year, with no energy policy. Is it important that we have an energy policy? Should we have an energy policy? Well, I happen to think we should. With oil approaching $60 a barrel and natural gas at $7.50 today, that is the highest fuel prices this country has faced, ever. Gasoline, we hear a lot about. In the last 20 years, gasoline prices have increased 86 percent. It is on the news every night. We talk about it as if it is a tragedy. Now, it is painful, because it costs all of us more to drive than we would like. But we have choices there: what size vehicle, what kind of mileage it has, and what trips we take. But in natural gas, the people that use natural gas heat their homes, provide their air-conditioning, run their businesses. They cannot make those same choices. Natural gas prices have increased in the same length of time 550 percent. I want to tell my colleagues, if you heard complaints last winter about natural gas prices for heating our homes, next year is going to be a lot more difficult. Because the gas we put in the ground today will have been paid $7.50 for, and last year at this time it was less than $5 that we were putting into the ground. We put it in storage in the ground at this time of year so we have enough in the winter. We are now 62 to 64 percent dependent on foreign countries for oil.…
Said by
John W. Peterson
Pennsylvania

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