On the recordMay 6, 2008
we have a situation today where Americans are paying almost $4 a gallon for gasoline. This morning, Goldman Sachs announced that oil is going to go up to $150 to $200 a barrel, which means that it is not going to stop at $4. It will be about $5 or $6. Now, think about this: This is a tremendous boom to Iran and Iraq. Iran will gain enormous wealth and political influence. Iraq will get even more revenue than the $72 billion they're anticipating this year. They got $100 billion over the last couple of years, much of it our money. And yet Americans have already contributed over half a trillion dollars to Iraq's economy. Within the next couple of weeks, we'll appropriate another $170 billion. Iraqis are getting a surplus of oil revenue from us and yet we are paying to pick up their garbage and train their security forces when they've got surpluses they don't even know what to do with. Who's the chump in this picture, Madam Speaker?
Source
govinfo.gov
