John Cornyn: “soon we will have a chance to vote on the American Energy and Conservation Act, a bill that has been championed by our…”

“soon we will have a chance to vote on the American Energy and Conservation Act, a bill that has been championed by our colleague from Louisiana--actually, both of them, Senators Cassidy and Vitter--and they have done a terrific job of getting us to this point where we are voting on this important piece of legislation. This bill is about as straightforward as it can get. It incentivizes American energy production through revenue sharing agreements with the Federal Government. This is important because States like mine-- especially along the gulf coast--spend an awful lot of money investing in infrastructure to support an industry that benefits not just our States, not just the region, but the entire country. It is time to balance these costs with reasonable revenue sharing agreements such as we have struck in the past. Given that these States produce a big portion of the oil and gas our entire Nation needs to keep the lights on, it is only right that these States should benefit from some modest revenue sharing. This legislation would make sure that is possible. So I hope our colleagues will support it when we vote on it shortly. Energy Policy This legislation is a good example of the kind of energy policy that a new Congress can put forward next year and actually have the prospect of being signed into law under a new administration, under a new President.…”