Steve Kagen: “What we did the other day in terms of trying not to put more petrol into the Strategic Petroleum Reserve is to increase…”

“What we did the other day in terms of trying not to put more petrol into the Strategic Petroleum Reserve is to increase the supply. And the President said what we should be doing is increasing supply by drilling more. But there's a fallacy in that argument. There are thousands of acres available for drilling on public land, and they're not drilling. So the fallacy is the price of oil is going to shoot up and up and up as long as we have fewer and fewer oil companies that are chasing down the oil. But we cannot drill our way out of this energy crisis. We can't drill and burn and drill and burn. We're going to end up choking on our own exhaust. We're going to inflate the temperature so much in this globe that we're going to melt not just the ice caps but our future at the same time. So we need to have that energy policy that is not based on increasing supply but finding alternative sources of energy.”