On the recordOctober 3, 2005
I rise to introduce the Outer Continental Shelf Revenue Sharing Act of 2005. Earlier this year, the Congress passed a bill, and the President signed it into law. It is the first comprehensive energy package in over a decade. Great strides were made in addressing the Nation's energy needs. This new law contains a number of valuable conservation measures and, as the chairman of the Energy Committee once stated, passage of this legislation means we will need 170 fewer powerplants by 2020. On the energy supply side, however, we still have much work to do. The recent disruptions in the Nation's energy supply caused by Hurricanes Katrina and Rita--tragedies, natural disasters of proportions never really seen before in this county--underscore the fragility of our energy supply system. The estimates are that 20 to 25 percent of our energy needs come in through that narrow nexus of Louisiana and Mississippi, right in that area. During debate on the bill, I offered an amendment to provide for an increased domestic supply of oil and natural gas from Outer Continental Shelf lands. Regrettably, my amendment and other similar measures were not successful. I thank the distinguished manager of that bill, Mr. Domenici, and others. They gave me a great deal of encouragement, as did the Senators from Louisiana, who likewise participated in that debate. But, nevertheless, I was not successful.…
Source
govinfo.gov




