Political Quotes

On the recordDecember 18, 2007
I'm not opposed to CAFE. I'm not opposed to fuel efficiency. I'm not opposed to biofuels. But, folks, you are overselling them. We have an energy crisis today, not 5 years from now. OPEC told us last week no more oil, get used to $90 to $100 oil. Today it is $92. Today we have the highest home heating costs ever, the highest diesel costs ever, the highest gasoline costs ever. The poor and middle class of this country are struggling to heat their homes and afford to drive. Under this bill, foreign dependence will not decrease. It is currently at 66 percent, and for the last 10 years, for the last 10 years, 2 percent a year, dependence, 2 percent a year, folks, it is going to continue for the next 5 because this doesn't produce energy for 5. If this continues, 76 percent of our energy will be foreign dependent. The gentlemen from Massachusetts and California stated we will save 4 million barrels a day with CAFE and biofuels today combined. Not now. Not in 5 years, but by 2030. That is 23 years. Our increase in energy need from population growth alone will be greater than that. We grew 5 billion barrel a day in the last 25 years in need for oil. This will have no impact for 5 years. Can Americans afford no relief for 5 years? $90 to $100 oil can sink the economy of this country. Every recession has been energy related. This country is on the verge of going into a recession because of energy prices.
Said by
John W. Peterson
Pennsylvania

Editor's note · Context

Addressing concerns about energy dependence and the impact of fuel efficiency measures.

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