Political Quotes

On the recordJanuary 18, 2007
I am going to ask again: Why did we start the new energy independence with taxing domestic production but not taxing foreign oil? We are going to lead us in the wrong direction. In your anger against Big Oil, I understand that, but you are penalizing everybody. Eighty-two percent of natural gas is produced by independents; 68 percent of oil is produced by independents; 50 percent of refined products is from independents. My little refinery in Warren, Pennsylvania, will get taxed harder because of your new bill. And I have watched them struggle to fund clean diesel; I watched them struggle to fund clean gasoline units, very expensive. The use of foreign oil under your bill will continue at the same rate of increase, and I predict in 5 years will be 76 percent dependent. I am for all your renewables, I want to fund them all. But if we produce the energy, took the royalties from the new energy that keeps us alive in this country, we could fund them adequately. If we don't open new fields, we will not have a fertilizer industry, a petrochemical industry, a polymers and plastics industry, and we will make bricks and glass in South America.
Said by
John W. Peterson
Pennsylvania

Editor's note · Context

Addressing concerns about energy independence and taxation on domestic oil production.

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