On the recordMay 20, 2008
Thanks for the time. In a couple, 3 weeks we will have the opportunity to fight to open up offshore production of oil and gas, and that alone I think will take some, if we could pass that, House and Senate, have the President sign it, I think that would take some of the excitement out of the oil market and oil and gas would settle down because everybody feels there's a lot of hype in there because the traders see it keep going up and they keep bidding it up to make money. And so we have Wall Street, you know, 15 to 20 percent of our energy prices might be Wall Street making money. But if you take the risk out, you make sure that we have adequate supply opened up, that takes that away; and I think we could see a settling down of the markets, and we might see some measurable price decreases because if we don't, it's going to be a hot summer and it's going to be a long, cold winter for America.
Source
govinfo.gov
