Political Quotes

“I will point out that a $6.5 billion hike on oil and gas development isn't going to decrease inflation. It increases underlying costs. When you look at commodities across sectors, everything has gone up-- food, oil, et cetera--because of things like this. Instead of saving the American people money, this administration chose to surrender our energy independence. Again, I go back to the underlying cost of everything. Everything in this room, everything in your kitchen, is dependent on oil, gas, diesel. Everything in this country moves by that mechanism, so this so- called business-friendly idea has done nothing more than cripple our oil and gas industry. It is contributing to inflation. The fact that it is called the Inflation Reduction Act is offensive because it did nothing. They should admit their mistake and try to fix it. Instead, they go on increasing costs to an industry that is the backbone of our country. Again, for minerals, we are currently dependent on enemies. Oil and gas, we are dependent on enemies. Mr. Chairman, right now, oil prices are trading around $90 a barrel. If the Hamas-instigated war against Israel continues or escalates, the American people will endure the consequences of once again depending on OPEC for our energy needs. Some estimates say that oil could go up to $150. Again, at a time of great inflation, we have to be taking steps to roll back costs on our infrastructure, on oil and gas exploration.…”