Opposing Giveaways To Big Oil And Drilling Off The California Coast
Mr. Speaker, I rise today in strong opposition to allowing drilling off the California Coast and dismantling basic oil drilling safeguards. Barely a year after the worst environmental disaster in our history, Republicans have brought…
Mr. Speaker, I rise today in strong opposition to allowing drilling off the California Coast and dismantling basic oil drilling safeguards.
Barely a year after the worst environmental disaster in our history, Republicans have brought legislation (H.R. 1231) to the floor that shows they are suffering from amnesia. This legislation, when coupled with the two earlier drilling bills--H.R. 1229 and H.R. 1230--would mandate that vast swaths of the East and West Coasts be open to drilling, while fast-tracking new leases without sufficient safety or environmental review.
Under H.R. 1231, the Interior Department would have to make at least half of the Outer Continental Shelf (OCS) available to leasing, including the California Coast, regardless of state objections or safety, economic, or environmental concerns. This is on top of the two earlier bills that would actually make drilling safeguards weaker than they were before the BP Spill while destroying judicial review of leasing decisions.
This legislation does nothing to bring down gas prices. It is nothing more than a gift-wrapped handout to the oil industry. Republicans are not working to end the $4 billion in yearly taxpayer subsidies that go to the largest oil companies. They are not working to crack down on the speculation that we know is driving up the price of oil and gas. Instead, they are pushing legislation that would give these companies free reign over our oil reserves and put our coastlines and the jobs that rely on them at risk. The Energy Information Agency has estimated that even if the entire OCS were exploited for oil, gas prices would drop by only three cents--and not until 2030. The U.S. accounts for just 7% of world oil production and we have only 3% of the world's reserves. Despite the bumper sticker slogan of ``drill baby drill,'' we cannot drill our way out of high gas prices.
I urge all of my colleagues to oppose this misguided bill and focus on sustainable and responsible solutions to rising gas prices.