Mike Conaway: “And, in effect, that is a tax on families in this country. Now, we all want to get to a, I would refer to it as an…”

“And, in effect, that is a tax on families in this country. Now, we all want to get to a, I would refer to it as an energy security, not only American energy security, but we ought to be talking about global energy security in this context. Right now we're focused just on the U.S. And so as we look at this energy security, not understanding that a global portfolio standard increased to an unworkable 15 percent is a heavy tax on consumers, it's a tax on businesses, it's a tax on anybody who turns on a light, anybody who gets in a car, anybody who uses electricity, that's a tax that they're not currently paying; and those increased taxes go to a narrow margin of the energy supply. And our real goal should be energy security at a cost that we can afford. And I yield back.”