Political Quotes

“This has all happened without a storm in the gulf, which always escalates prices, without any country having a major coup or problem, or without any terroristic attack on the system. I don't think anybody dreamed that we would have $135 to $140 oil at this time of the year. We are in the middle of June. We're not even into the heat of the driving season yet, and here we are with $13, I mean, we're within a few pennies of the peak of natural gas prices after Katrina. Dow Chemical made a statement just a week or so ago that in 2002 it cost them $8 billion for natural gas to run their company. It now costs them $8 billion a quarter. Here's what's happened. They used to be 60 percent onshore. Those were great American jobs. They're now 34 percent onshore. In South America natural gas is a buck and a half. In Russia it's barely over a buck. I mean, there's cheap gas all over the world. If you're making petrochemicals, polymers, plastics, fertilizer, if you're melting steel, melting aluminum, I want to tell you, if this Congress does not change its view on offshore, shale oil and ANWR in the very near future, bricks and glass will be made in Trinidad, South America. They will be shipped here in a day and a half in a boat, and there will not be a blue collar job left in America, because natural gas is the mother's milk of manufacturing and processing. They use it as an ingredient. Even the skin creams that our women love to soften, that's a derivative of natural gas.”