Political Quotes

Thomas Foley: have you ever noticed that when you borrow money from your savings account with good intentions, it never seems to find…

On the recordSeptember 28, 2000
have you ever noticed that when you borrow money from your savings account with good intentions, it never seems to find its way back to the account? Well, that is what we are doing with the Strategic Petroleum Reserve account. We are announcing today that in order to help oil prices, that we are going to release 30-plus million barrels of oil from that strategic reserve. The question is, when do you replace it, and how much is the cost when it is replaced? The campaign of the Vice President is quickly running out of gas itself, so, in order to make themselves also more popular with voters, they have succumbed to a ploy that I think is reckless and dangerous. Every editorial board around the country has condemned it as a bad idea and not appropriate. Madam Speaker, this administration sued Microsoft. They should have sued OPEC. We have got a lot of problems with price collusion. Maybe the American taxpayer would not be worrying about future energy prices or supplies if they had acted more aggressively. Here are our friends that we bailed out of the Kuwait invasion now turning against us by raising oil prices daily.
Said by
Thomas Foley
Washington

Editor's note · Context

Discussing the release of oil from the Strategic Petroleum Reserve and its implications.

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