the top headline in this morning's Washington Post says, ``Oil Prices Hit a 10-Year High.'' One main reason the prices are this high and probably going higher is that the OPEC countries know that the environmental extremists in this country will not allow more domestic oil production. The U.S. Geologic Survey says we have billions of barrels of oil, equal to 3 years' worth of Saudi oil, in one tiny 2,000- to 3,000-acre part of the coastal plain of Alaska. We have billions more barrels off the U.S. outer-continental shelf. Yet this administration has vetoed legislation and has issued an executive order to prevent production of this oil. I wonder if some of these environmental groups are funded by companies that make more money when we buy foreign oil. To be so dependent on foreign oil hurts both our economy and our national security and risks more oil spills at sea. Those who like higher gas prices, Mr. Speaker, should write the White House and wealthy environmentalists and say thank you.
Jeff Duncan: “the top headline in this morning's Washington Post says, ``Oil Prices Hit a 10-Year High.'' One main reason the prices…”
Editor's note · Context
Discussing rising oil prices and domestic oil production during a House floor speech.
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