On April 10, 2008, let the record show, oil is $110 and rising, natural gas is $10.56 and rising, gasoline and diesel prices at record levels in all our communities. Folks back home are scared. They want us to help them. An amendment I will offer later will help, the NEED Act, to this bill because it will provide the ability to produce clean, green natural gas on out, out of sight, offshore. It will provide $20 billion to clean up the Chesapeake Bay and the beaches there, $20 billion to clean up the Great Lakes, $12 billion for San Francisco Bay clean-up, energy efficiency and renewables, $32 billion, carbon capture, the famous discussion in the Senate now, $32 billion. And it'll be mandated spending. The appropriators can't screw it up. America's economic future is in trouble. Energy prices will prevent people from having a job, having an economy and being able to afford their vacations and go to the beautiful beaches that we have. I think Roy Ennis says it best, chairman of the Congress of Racial Equality. Energy is the master resource, the foundation of everything else. Abundant, reliable, affordable electricity, natural gas and transportation fuels make our jobs, health and living standards possible. Energy is the great equalizer, the creator of economic opportunity and environmental justice. Push energy prices up, everybody suffers. When energy costs get too much, industry lays people off or just leaves. Jobs, income and tax revenues vanish.
Editor's note · Context
Addressing rising energy prices and proposing the NEED Act during a floor speech.
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