Political Quotes

Peter Welch: So what we need to do that also is a long-term energy policy is to increase mileage standards and take away the tax…

On the recordJune 26, 2008
So what we need to do that also is a long-term energy policy is to increase mileage standards and take away the tax breaks that are going to the oil companies and steer them to alternative agency. Incidentally, ExxonMobil, which made $40 billion this year, spent $32 billion buying its stock back rather than producing oil on these leaseholds. We also have to have a new energy policy so we can keep our money at home. We're sending $1 trillion to the oil-producing states like Russia, Saudi Arabia and Venezuela, not particularly our friends. If we keep that money at home, we're going to strengthen our economy.
Said by
Peter Welch
Democratic · Vermont

Editor's note · Context

Discussing the need for a long-term energy policy and economic implications of oil dependency.

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