Announcement By The Speaker Pro Tempore
Mr. Speaker, I yield myself 3 minutes. Mr. Speaker, the independent bipartisan commission on the BP oil spill issued its final report last month. And what did it conclude? Well, that the Deepwater Horizon that went to the bottom of the…
Mr. Speaker, I yield myself 3 minutes.
Mr. Speaker, the independent bipartisan commission on the BP oil spill issued its final report last month. And what did it conclude? Well, that the Deepwater Horizon that went to the bottom of the Gulf of Mexico, creating the worst environmental disaster in our country's history, was not an isolated incident; that the problems were systemic across the entire oil and gas industry.
That report was a blistering, scalding indictment of the deregulatory environment which was created at the Department of the Interior that led inexorably, inevitably to this catastrophe, this environmental catastrophe.
But are we here tonight debating legislation to implement the reforms that the commission presented to the Congress in order to prevent another catastrophe like this? No, we are not. We are instead debating whether or not we should have fewer regulations, whether or not regulations that actually protect against incidents like this hurt job creation.
Well, ladies and gentlemen, what we learned from the Deepwater Horizon catastrophe was that lax regulation doesn't save money; lax regulation costs money. Lax regulation does not create jobs; lax regulation destroys jobs. And in this case, lax regulation led to the loss of 11 lives and 155 other individuals who were seriously injured. Lax regulation, ladies and gentlemen, leads to catastrophe.
Boosterism breeds overconfidence, and overconfidence breeds disaster. That's what happens in our financial markets. That's what happens in environmental and health regulation when you just trust the private sector to always do the right thing. Ladies and gentlemen, this is what happens when the government doesn't move in to protect the little guy, to protect ordinary citizens.
The reason that we were able to move from the average age of death at 48 years of age in the year 1900, after 5,000 years from the Garden of Eden until 1900, to 79 years of age just 100 years later is we started to regulate for public health and safety for ordinary people. Methuselah always lived to 900 years. The wealthy always did well. But only when regulation started to be put on the books to protect the meek--the water, the air, and the environment in which people live--did ordinary families start to benefit as well. That's what they want to take off the books. That's the agenda of large companies across our country.
I yield myself 1 additional minute.
How do you create jobs? We haven't heard that yet. We haven't heard that yet. Well, they say drilling. Well, last year there were 4,700 new leases that were granted by the Bureau of Land Management, but the oil industry only began drilling on 1,400 of them, only one-third.
Now, we don't really have to worry going forward in the future, because at $100 a barrel plus, ladies and gentlemen, the $40 billion in tax breaks that the Republicans want to give to the oil industry over the next 5 years, we don't have to worry that they are going to go drill, because they are going and drilling.
But why are we giving them $40 billion? Why aren't the Republicans out here as free market devotees saying let's take that $40 billion of taxpayers' money away from the oil industry? Why aren't they doing that? Why are they going to allow the taxpayers to be shaken upside down at the gas pump and have money come out of their pockets for the rest of this year as the price of a gallon of gasoline goes to $3.30, $3.40, all the way up to $4 a gallon again?
I yield myself 1 additional minute.
Because the real agenda here is to create as many red herrings as they can about the real agenda. As a matter of fact, we can put an aquarium out here there are so many red herrings. As a matter of fact, so many red herrings are being created by the Republicans in this debate that they wouldn't be an endangered species there are so many things that are taking us off the real agenda that they are taking about. And the real agenda is to make sure that we do not invest in wind, that we do not invest in solar.
And, by the way, in the Waxman-Markey bill that was passed that year, $60 billion was put in to the Waxman-Markey bill for clean coal technology; $75 billion was put into that bill for nuclear technology that they could apply for low-interest loans to build new nuclear power plants in our country, plus wind, plus solar, plus geothermal, plus all the other things that we could do domestically in our country.
What we are talking about here, though, is a different agenda altogether. It's an agenda that will just allow the oil industry to go back to business as usual without the regulations to protect the public health and safety.
I reserve the balance of my time.
Mr. Speaker, I yield myself 1 minute. I do so just to say that Democrats see high unemployment and we look forward. We recognize that American ingenuity, innovation, and hard work can dig us out of this hole by creating high-paying, long-term domestic jobs in new vibrant industries.
The Republican majority, they see high unemployment and they look backwards. They seek to increase the already massive profits for huge international corporations and hope that on their way to the bank they hire a few people here and there.
Ladies and gentlemen, the great challenge of our time is to not allow China and Germany to replace OPEC as the place from which we have to import our energy technologies. If there is no plan which is forthcoming from the Republican majority, which so far has not presented itself, because they have yet to have one bill that actually creates one job come here onto the House floor in the first 5 weeks that they have controlled the majority, then I am afraid that the next generation of young Americans will wonder why all the solar and wind technology is being manufactured in China, and they here in America are unemployed.
Mr. Speaker, we only have one speaker remaining on our side, so until the majority is down to one speaker, we would like to reserve the balance of our time.
Mr. Speaker, I am the last remaining speaker on our side. I reserve my time.
I yield myself the balance of my time.
I say to the gentleman from Washington State that just 2 weeks ago we passed by unanimous consent the oversight plan which the majority has for the Department of the Interior, and the minority signed off on that oversight plan over all of the regulations and all of the various agencies that come under the jurisdiction of our committee. We did not fight that.
This debate tonight is something that doesn't really even have to take place. The committee--our committee, the Natural Resources Committee--is already fully empowered to do all of the oversight that they believe is necessary, and we will be there joining with them where it is necessary to conduct that oversight.
Coming back, though, to the central point, that's something that we all agree upon. What the American people want is to see what the agenda is for creation of jobs in our country. That's what has been lacking on the House floor since the Republicans have taken over the House of Representatives. And that's the most important agenda for our country. And I don't believe that we can accomplish that goal if the Republicans continue with their objective of $100 million in profits going to oil companies at the same time that they want to give $40 billion worth of tax breaks to them.
That is not really a good policy for our country. That's not going to create any new jobs. It would be better if we took that $40 billion, moved it over to wind and solar and all-electric vehicles; that we moved it over to take care of the low-income people whose oil prices are just skyrocketing across this country, so that people don't freeze in their own homes. That would be a better use of that $40 billion instead of handing it over to the oil and gas industry. We would create more jobs, we would protect people and keep them safe in their own homes, and we would have a better balance for where this country should be going. Instead, we're here debating oversight of these agencies, and we agree with the need to do so.
We probably disagree over the extent to which we should deregulate them. In fact, if we deregulate too much, if we take too many regulations off the books, we're just going to see a repetition of the same kind of environmental disasters that have ravaged our country over the years, the same kind of economic collapse that was a result of turning a blind eye to the shenanigans that went on in the financial marketplace with the big Wall Street firms that were not given the proper oversight, and on and on down the line.
So I want to just say again to the majority that we want to work with you on our committee. We want to work with you on the oversight that is necessary. That's why we signed off on the plan to do the oversight. I just think that we have wasted an hour here on an issue that we already agree upon; that we should be partnering to make sure that wherever there is chicanery, wherever there is wrongdoing that we should partner together to root it out.
But I'm afraid that this is part of a larger agenda that really seeks to destroy the wind and solar industries in our country, to cut dramatically the low-income heating assistance that we give to the poorest people in our country, to keep the $40 billion in tax breaks on the books for the largest oil and gas companies in our country even as they are going to enjoy $100 billion worth of profits this year given to them by tax breaks that are a hundred years old, with the price of a barrel of oil now at $100 a barrel.
That is absolutely absurd, ladies and gentlemen. It is a squandering of the limited resources that we have in our country that should be spent on creating new jobs in the renewable energy sector and creating jobs by the millions that young people in our country want to create. They want to able to tell OPEC, We don't need your oil any more than we need your sand.
And as Mubarak is teetering, the one message that we can send to the Middle East is the same message that President Kennedy sent to Kruschev in 1961, We are going to use our technological might in order to fend off this threat that is posed to our country economically, militarily, diplomatically, environmentally. We are going to use this as an opportunity.
That is not what this debate is about. That's where we should move over the next weeks and months. My hope is that we can do it together.
I yield back the balance of my time.