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Mike Conaway: things that we do in this Chamber have consequences, and the things we don't do in Chamber also have consequences. Quite…

On the recordApril 10, 2008
things that we do in this Chamber have consequences, and the things we don't do in Chamber also have consequences. Quite frankly, there are a lot things that we are not doing that are having immense consequences, things like renewing the FISA bill, the war supplemental, long-term issues like Social Security and Medicaid. We had another one today, the Colombia Free Trade Agreement, which are things that will have consequences because we have not dealt with this on the floor. The internal combustion engine will be used for a long time to power pleasure craft on our lakes and beaches and waterways. The public policy decisions that we are taking in here and have taken in here make that use of those boats and jet skis much more expensive. Public policy decisions that are specifically aimed at increasing the energy costs to all Americans are things like raising taxes on energy companies so that they are no longer able to use that money to explore for and produce additional crude oil and natural gas, restrictions on where we can drill for these additional sources of crude oil and natural gas, and the gasoline that results from that to power our water crafts and jet ski, added regulations on the production of crude oil and natural gas, added regulations on the refining of crude oil and natural gas and the gasoline that can be used to power jet skis and motor boats and others, and even new regulations that are coming that will increase the cost of electricity to Americans.
Said by
Mike Conaway
Texas

Editor's note · Context

Discussing the consequences of legislative inaction on energy policy and related economic issues.

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