Pete Sessions: “I wish to speak about energy prices because this is a national crisis; it is a matter this Congress needs to deal with.…”

“I wish to speak about energy prices because this is a national crisis; it is a matter this Congress needs to deal with. Prices are at record highs. According to AAA, the average price of regular unleaded gasoline this morning was $3.71 a gallon. For an average family with two cars, that could well mean $70 to $100 a month extra money out of their budget to get the same number of gallons they bought 2 or 3 years ago. This is particularly troubling since 60 percent of the oil we import comes from abroad, and a big portion of that money the American family pays is going to foreign governments hostile to the United States, in some instances. And, it is just not healthy. In my view, it also cannot be disputed that this wealth transfer is a major factor in the economic slowdown we are experiencing today. The question we in Congress have to ask is, What are we going to do about it? I believe there is a simple answer with many complex parts. The simple answer is, let's get busy doing what works, what we know will work.”