Political Quotes

“Mr. Speaker, currently, U.S. families spend about $1 billion per day on imported oil. We import about 1.6 billion barrels from politically unstable nations with a corresponding instability in prices, which influences our dollars, our economy, and sometimes our soldiers having to look at defending these areas. We are currently losing 220,000 barrels per day in domestic production because of the administration's moratorium on Gulf of Mexico oil rigs. This also means the government is losing almost $1.4 billion in revenue that we so sorely need. Keep in mind that each one cent increase in the price of gasoline costs American families $1 billion per year. That's money that is not going into our economy. Because 60 percent of our oil comes from foreign countries, it is money that is going into other economies. Now, while this moratorium is taking place, at least 12 rigs have already departed from the gulf, some not to return, as they move these rigs to operate in other countries, which can cost $1 million a day. Four more are considering leaving. That's 6,000 jobs in jeopardy. Currently, more than 30 drilling rigs in the Gulf of Mexico are idle; and even though the administration is now allowing just one of those rigs to move forward with exploration, all other exploration is still off limits with something of a permitorium, as they're looking at their permits all over again.…”