Madam Speaker, I know that the gentleman from Florida, and I appreciate his yielding, is going to spend the bulk of his time here on the 30-Something Working Group talking about gas prices and the increase that we have seen and some things…
Madam Speaker, I know that the gentleman from Florida, and I appreciate his yielding, is going to spend the bulk of his time here on the 30-Something Working Group talking about gas prices and the increase that we have seen and some things that this Congress has done to address the issue.
And I wanted to talk a little bit about the energy bill that we passed last year and the debate that took place along the way, one of which was what we should do about these taxpayer subsidies, $14 billion, that we're giving to the big oil companies at a time when they're making all-time record profits, your money and mine, taxpayer subsidies.
And it's clear that with oil at $117 a barrel and rising that ExxonMobil does not need taxpayer subsidies. They're going to make their money. They're doing quite well. They just set the all-time record for profit in one quarter in the history of American business. So there is no need for them to have that subsidy, and the majority of this House overwhelmingly agreed. Last year not once but twice, we passed legislation out of this House, in 2007, sent it over to the Senate, that would say that we are going to redirect every penny of that $14 billion away from the big oil companies and into research and development on alternative sources of energy, alternative fuels. And what we sent over to the Senate was legislation that had bipartisan support in this House.
Now, we sent it over to the Senate, and, unfortunately, as the gentleman from Florida knows, the rules in the Senate are different than the rules of the House. So they have to have 60 votes to bring a bill to the floor, and they didn't have the 60 votes to bring it to the floor, but they had enough to pass the bill. But the point of this is we in this House took affirmative action, not once but twice, to find alternative sources of energy, to create a national commitment, and to provide the funding that's necessary for R and D on alternative sources of energy.
But that's not all that this House has done. Today the leadership of the House called on President Bush to stop filling the Strategic Petroleum Reserve. Now, that's something that I sent a letter to President Bush about last month and something that would save from the price of gas between 4 and 24 cents. Now, that's not going to make the difference. When gas is at $3.55 a gallon, 24 cents may not seem like a lot. But at least it's an affirmative step in the right direction that we need to recognize, A, that we do have the responsibility in this country to do
everything that we possibly can to relieve the burden on individuals, families, and businesses in this country and that burden that has been brought upon them by the incredible increase in gas prices. And what that is going to do is, for the temporary time being, lower costs a little bit, which is going to make a difference for families in this country. It's not going to solve the problem. It's certainly not a long-term solution. But it's something that we all can agree on in this Congress is a necessary step to suspend shipments into the Strategic Petroleum Reserve. That's something that President Bush has not joined us in yet, but I'm hopeful that we will be able to work together and find solutions to the problem.
Now, we, last year this Congress, passed a number of other pieces of legislation dealing specifically with rising gas prices, trying to head them off. We voted to hold OPEC accountable for oil price fixing. It passed this House 345-72, overwhelming bipartisan support. It faces the threat of a veto on the other end of Pennsylvania Avenue. We voted to crack down on gas price gouging. That passed 284-141, overwhelmingly bipartisan; yet the President, again, has threatened to veto that legislation. As I talked about, we voted to repeal the subsidies of the big oil companies at a time when they're making all-time record profits and redirect every penny into alternative sources of energy. Unfortunately, that faced a veto threat, and we were unable to get it through the Senate.
But what did become law, and at this point I would turn it over to the gentleman from Florida, was our new energy independence law, which, for the first time in 30 years, increased the cafe standards, the miles-per-gallon average that we see in our cars that are made in this country, for the first time in 30 years, from an average of 24 miles per gallon to an average of 35 miles per gallon. That by itself, when it's fully phased in, is going to save the average individual in this country about $1,000 a year on their fuel bill. That is real reform, and that is something that this House did, working with the Senate. We sent it to the President. He signed it. And that's something that we can definitely look forward to in the future. Now, again, that is not by itself going to lower the price of gas. The Strategic Petroleum Reserve shipments that we are talking about is going to have an impact but not a long-term impact. The only thing that we can do to solve this problem in the long term is to get ourselves off of oil. That's what this should be about. And we do have a healthy debate in this House and among our colleagues on how to achieve that.
There are some folks who believe that the issue is entirely supply and that we should spend our money at the Federal level in ways that will further our dependence on foreign oil. Build more refineries, drill in the Arctic National Wildlife Refuge, drill off the coast of Mr. Meek's Florida, drill in the Outer Continental Shelf, that is one school of thought. And those are folks in this House that have the intent to bring down gas prices. They definitely have good thoughts in mind on that.
We just have a very strong disagreement. We don't question their motives. We just believe there's a better way. That is to use every penny that we spend in this country, whatever dollar amount that may be, on alternative energy. Whatever we determine to spend, spend it all in getting us off of oil. Don't spend one penny in furthering our dependence on oil because that is not going to solve the problem in the short-term and certainly not in the long-term.
So that is the difference of opinion that exists, should we invest in research and development and finding an alternative source of energy, getting us off of oil, or should we invest on the supply side for today in a way that is going to further and even deepen our dependence on oil. That is the debate that exists in this House.
So at that point I would thank the gentleman from Florida for his strong leadership on this issue, for allowing me the time to speak, and I would turn the time over to Mr. Meek from Florida.