Political Quotes

“Mr. Chair, I thank Mr. Barton for the leadership he has provided on this bill. I rise in support of H.R. 702 that repeals the ban on crude oil. This ban reflects an America of yesterday. It is our job, as Members of Congress, that our laws reflect the America of tomorrow. If you look at why this is important, this ban hurts the economy and prevents the creation of jobs. This ban imposes an estimated $200 to $300 billion cost to the economy and discourages domestic, made-in- America crude oil production. By lifting the ban now, we will create 359,000 new jobs. How do I know? Because I represent the Eagle Ford and I have seen small-business people, men and women, that work very hard every single day to have this type of job. And I think we owe it to them and across the Nation. This ban also reduces the Federal direct spending by $1.4 billion, according to the CBO. So it also helps our deficit. This ban is something that we need to change, and we need to make sure that we lift this ban. What about gasoline prices? You heard Mr. Ryan. You heard other folks. According to the General Accounting Office, this will bring prices down from 1.5 cents to 13 cents. The CBO says the same thing: 5 cents to 10 cents. The administration's own agency, the Energy Information Administration, says it will bring it down one penny or remain. It doesn't go up. It goes down. This ban also doesn't allow us to use our powers in foreign policy.…”