On the recordAugust 1, 2001
Every American relies on energy to live a quality life. We need gasoline to get to work or go to the store, take the kids to baseball practice. We need electricity to power up our computers. We need natural gas to heat our hot water and cook our meals. None of us can do without it, no matter how conservation-minded and frugal we are. That is why Congress needs to work hard to implement the President's energy plan. Some in Washington have been calling for price caps which will not solve the problem. You cannot ignore the law of supply and demand. Those of us arguing for price caps are ignoring the law of supply and demand, and would actually lead us to a cut in supply if they had their way. No, only the President's balanced, reasonable and comprehensive approach will work. It is not a quick fix, but that is because there is not one. All the more reason to get started now. I urge my colleagues to vote to support the President's plan.
Source
govinfo.gov




