Today natural gas opened at $12.65 per 1,000 Btus. That is an almost 100 percent increase from this time a year ago. Natural gas is the clean, green fuel that powers our manufacturing economy, accounts for 23 percent of the energy consumed in America and heats 52 million of our homes. Yet as prices continue to skyrocket and companies move offshore because America has the highest natural gas prices in the world, this Congress has done absolutely nothing to increase production. Tomorrow, I will offer an amendment to the Interior appropriations bill that will lift the congressional moratorium on offshore production from 50 to 200 miles, which happens to be the safest and most environmentally friendly place to produce energy. There is no need to beg the Saudis for more oil and Canada for more natural gas. We have vast reserves here in America. We need to produce American energy with an American labor force and give Americans energy they can afford.
Editor's note · Context
Discussing the rising prices of natural gas and proposing an amendment to increase offshore production.
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