Bart Gordon said "Drilling permits are up by two times in the last 5 years. But the price of gas is up by two times in the last 5 years. More permits do not bring lower prices. 10,000 more permits than wells since 2004. 92 million acres of onshore and offshore land currently under lease, but 67 million acres, over 70 percent, has not been developed by the oil and gas companies. They have a lot to work with. They're not doing it. 80 percent of the oil and gas still in the OCS is where there is no moratorium. Now, I don't know why the gentleman, during the nanotechnology debate, nanotechnology which needs to be advanced by this country so we at least don't lose one more promising future technology, is bringing up this issue, unless he's talking about little tiny drill bits that would have less environmental impact." @ PoliticalQuotes.com

On the recordJune 4, 2008

Drilling permits are up by two times in the last 5 years. But the price of gas is up by two times in the last 5 years. More permits do not bring lower prices. 10,000 more permits than wells since 2004. 92 million acres of onshore and offshore land currently under lease, but 67 million acres, over 70 percent, has not been developed by the oil and gas companies. They have a lot to work with. They're not doing it. 80 percent of the oil and gas still in the OCS is where there is no moratorium. Now, I don't know why the gentleman, during the nanotechnology debate, nanotechnology which needs to be advanced by this country so we at least don't lose one more promising future technology, is bringing up this issue, unless he's talking about little tiny drill bits that would have less environmental impact.

Said by

Bart Gordon

Democratic · Tennessee

Source

govinfo.gov

Editor's note · Context

Discussing the relationship between drilling permits and gas prices during a debate.

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