On the recordMay 8, 2007
I think the senior Senator from Texas is exactly right. There are a lot of laws that Congress can pass--we can even repeal laws--but we can't repeal the law of supply and demand. The only way we are going to see these gas prices come down is to produce more supply, as we look for alternative forms of energy. The Senator mentioned, obviously, nuclear power, but we are even investing in clean coal-burning technology. I think we basically need to look at all aspects of the energy issue. The Senator from Arizona was exactly correct as well. We have gone from a high of 324 refineries in this country down to 132. Because we are in a global marketplace for gasoline, which essentially can be transported wherever the prices tend to be higher, that is why we have seen gas prices in excess of $3 a gallon at the pump. I remember well that our colleagues on the other side of the aisle last year, when we were in the majority, said they wanted to know what the Republican plan was to relieve the pain at the pump. Well, the Democrats are in charge now, and we would like to know what their plan is. We believe this is something we ought to work on together, on a bipartisan basis, to try to relieve the pain at the pump being experienced by working men and women and families all across this country.
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