Madam Speaker, I am very pleased to be able to organize a special order this hour on the part of the Blue Dog Coalition. The Blue Dogs wanted to take advantage of this opportunity tonight to speak about energy policy issues. I think that…
Madam Speaker, I am very pleased to be able to organize a special order this hour on the part of the Blue Dog Coalition. The Blue Dogs wanted to take advantage of this opportunity tonight to speak about energy policy issues.
I think that there is no doubt that when it comes to domestic policy issues that this country faces, that energy policy is right at the top of the list. I think it is clear that this country should be looking for a comprehensive balanced energy policy, and I think that represents the type of politics the Blue Dogs in the House of Representatives have often supported.
We have a number of issues that we really want to work through tonight, and I have a number of my fellow Blue
Dog colleagues who are going to join me during this hour to talk about various energy policy issues. And I would like to start right now by recognizing my colleague from the State of Louisiana, one of the newest Members of the House, and someone who is prepared to really contribute on this issue, Representative Cazayoux from Louisiana.
I thank my colleague. And I appreciate the fact that my colleague from Louisiana highlighted the notion that there is not a single action that we need to take; that in fact we need a comprehensive effort, we need to look at a series of different opportunities to try to address both the supply and the demand side. And I appreciate his leadership on the issue and want to thank him for joining us in the Blue Dog hour.
Right now I recognize my colleague from Kansas, a long-time Blue Dog, Congressman Moore.
(Mr. MOORE of Kansas asked and was given permission to revise and extend his remarks.)
Well, I thank the gentleman from Kansas for his thoughts, and I appreciate again the introduction of the notion that we need a comprehensive approach.
There is just not one silver bullet that's going to solve this circumstance. It really is consistent with what the Blue Dog energy principles that were adopted at the start of the 110th Congress say about fuel diversity, the recognition that long-term U.S. energy independence is going to come from putting everything on the table, everything from conventional oil and gas and from alternative sources such as oil shale and tar sands, nuclear, hydroelectric, geothermal, coal, and biofuels. If we're really going to take this issue on, we've got to look at it in that comprehensive manner.
Again, the Blue Dogs have adopted a set of principles that recognize the value of a diverse fuel mix within this country as a long-term solution of creating energy security for this country.
With that, I now would like to welcome another fellow Blue Dog to speak, who is a fellow member of the Energy and Commerce Committee and who is cochair for communications for the Blue Dogs in this Congress-- Congressman Ross from Arkansas--who has in his years in Congress been a real leader on trying to address energy issues in this country. I welcome him to participate in this discussion.
With that, I will yield to him as much time as he would like to consume.
Well, I thank my colleague from Arkansas for spending time with us this evening but also for trying to take a thoughtful and comprehensive approach. That's really what Blue Dogs are about. I think we really try to discuss items in the context of policy.
I'd just like to introduce one other factor into this discussion about the high gas prices that we face today and what we can do in terms of the price of oil, and it's consistent with what Blue Dogs talk about a lot. People probably didn't think I'd raise the issue of fiscal responsibility relative to oil prices, but it turns out that there is a significant relationship here. It has to do with the fact that, during the current administration, so much more money has been borrowed.
When our current President took office, the national debt was around $6 trillion. We're approaching $10 trillion now. $4 trillion just in the last 7\1/2\ years. Do you know what that has done among many other things? It has created a weaker dollar. Now, oil is a global commodity. It's traded all over the world, and it's traded under one currency, and that's the U.S. dollar. That weaker dollar means that oil costs even more for us in this country than it does for other countries with stronger currencies.
I've brought with me tonight this chart to graphically demonstrate the relationship, according to the Energy Information Administration, between the lower dollar--the weaker dollar--and how much the price has gone up in terms of dollars per barrel. It's pretty self-evident that we had a strong dollar for a number of years. Then in the early part of this decade, as the debt started to increase, the value of the dollar dropped precipitously, and the price of oil went up at the same time.
It's not the only factor associated with how expensive oil is in the world today, but clearly, in all of the discussion that we've been having about why the oil price is so high in the world, in my opinion, this particular issue has not received much attention.
The Blue Dog Coalition has this fundamental principle about balancing budgets and about living within our means. We tell people that you may not see the impact of this debt right away, but here is an impact because, with all of that increased debt, we've had to borrow so much money as a country that we've weakened our currency relative to the rest of the world. Therefore, because that's how it's traded all over the world, the price of oil on a dollar-per-barrel basis has gone up a lot.
So I wanted to introduce this concept, which is very appropriate within a Blue Dog Special Order hour here on the floor of the House of Representatives, to talk about the linkage between the need for fiscal responsibility and how it affects energy prices, which is something that, I think, ought to be part of this debate as well.
With that, I'd like to yield time to another one of my fellow Blue Dogs, another individual who is very thoughtful and measured in his approach, and that's the type of approach we need for a comprehensive energy policy. He is my colleague Mr. Scott from the State of Georgia.
Well, I thank the gentleman from Georgia for his thoughtful comments tonight. And it is no surprise. He's always been someone who tries to understand issues well. His comments really reflect a couple of the basic principles. You know, as I mentioned earlier in my remarks, the Blue Dog Coalition published a set of energy principles at the start of this Congress, and I think my colleague, Mr. Scott, really touched on two of the important components of those principles.
The first is that the Blue Dogs believe in the value of technology development, and energy policy should build on American strengths. One of the great things about this country is its ability to innovate. Research and development capability of this country surpasses any place in the world. Whenever this country has applied itself to solve a problem, it succeeds so well. And that type of innovation is what is going to allow technology to take us to a different place than we are today.
And I think Mr. Scott discussed some of those potential technologies in which he's familiar, and there is no question in the long run, if we are going to get to a position where this country is not as dependent on foreign oil, we need technology to take us to a new place in terms of particularly how our transportation and infrastructure are going to operate.
And the second Blue Dog energy principle I think Mr. Scott touched on very well is this notion of efficiency. You know, if you can do more with less, we all win. We use less energy, we save money, it's good for the environment. Energy-efficient technologies and energy conservation are other pieces to this puzzle.
I think an overriding thing we've said throughout this discussion tonight is that there is no single option here. There is no silver bullet. We, as Blue Dogs, support the furtherance of energy-efficient technologies. We think that we can continue to make progress and push the envelope and that, again, as a country that leads the world in innovation, we can also lead in terms of continuing to be more efficient in how we use energy.
Again, I thank Mr. Scott for his comments. As usual, very consistent with Blue Dog principles, and again, it helps further this debate about how we ought to move ahead in our national energy policy.
With that, I would like to recognize another of my fellow Blue Dogs, someone who has invested a lot of time and effort to develop an understanding of the energy issues and is a real substantive contributor to the policy debate, and that is my colleague from South Dakota, Representative Herseth Sandlin.
I will yield her as much time as she may consume.
Well, I want to thank my colleague from South Dakota who is always a very substantive participant in any public policy discussion we have here in Congress, and I know she's invested a lot of time and effort when it comes to the energy issue. I really appreciate her participating in this Blue Dog discussion.
There are a couple of points that were raised by my colleague from South Dakota that I think merit one more mention. The discussion of what we've done in this Congress, there have been some actions that have been taken, and one of them is going to bear fruit in the long run. We're not going to see a result right now. It's a process that came out of the Science Committee, of which I'm a member.
The chairman of that committee, Mr. Gordon, another Blue Dog, pursued a really aggressive effort to invest in basic research, in R&D, tried to put Federal funding out there to really get things going in a more aggressive way than it has in the past. He created a program called ARPA-E. It's designed after a previously created program within the Defense Department that's called DARPA, which created a lot of research that's helped us with technology advancements in the defense arena. And this legislation created a comparable effort in the energy policy arena, and our Blue Dog colleague, Mr. Gordon, has been a real leader on that. And that is another action this Congress has taken that is an important step to take. And I know we're frustrated by $4 gas today, and that program, the ARPA-E program, is not going to reduce the price of gas next month. I understand that.
But the point is there are a series of steps we need to take. There's some short-term, some mid-term, some long-term strategies, but we need to put them all on the table now. We need to do what we can do to make progress on this issue.
The second point that my colleague from South Dakota said--and I just want to emphasize--is she talked about opportunities and activities that we can work with our partners, including in Canada. When she mentioned Canada, it reminded me of the fact that as a country Canada has placed a tremendous emphasis on developing their tar sands resources.
Now, I represent the State of Utah and a significant amount of the oil that is refined in refineries located right in the Salt Lake City area comes from Canada. It comes from the tar sand resource in Canada, and it is piped to the United States.
Now, we can do that here, too. We can maybe take a page out of the Canadian book on how they, as a country, made efforts to develop that resource. It's an unconventional resource, and they took the steps and they made a significant commitment. It has not been without costs. It has not been without setbacks. There are lessons to be learned there, too, which we as a country should do.
And I understand that the tar sand resource we have in the United States--and we have it in my own State of Utah--is a little bit different composition than the Canadian tar sands. I understand that there are differences, but there's so much that we can learn from that, and it's a viable source of production today in Canada.
And so I appreciate the mention of how we can learn from others and learn from our partners, and I don't know if you had something you wanted to add to that point.
I appreciate that. I'd like to hear from Mr. Scott.
I again thank my colleague for his comments. I think that he has helped describe the global picture. We haven't discussed that enough about we're part of a global market. And it's important for us to take the lead and develop fuel diversity and try to develop some level of greater independence, because outside of that, in some respects our actions are the tail wagging the dog. And we need to get beyond that as a country. That's not a comfortable position for this country to be in.
The first sentence of the Energy Principles Document that the Blue Dogs created at the start of this Congress is that energy independence is a matter of national security and economic security. This country faces so many great opportunities if technology does take us to a new place. We will be in such a better position in terms of our economy, in terms of our foreign policy, in terms of our position in the world. And we can make the world a better place with that technology development, too. That's the exciting opportunity for beyond our borders as well.
Blue Dogs supports promotion of a forward-looking, market-based comprehensive national energy strategy. As we've discussed many times tonight, there are short-term, mid-term and long-term issues. It's a complicated issue. In fact, each of the sub-issues on their own are complicated in their nature. And sometimes in the world of politics the rhetoric gets really simple. But on this one, it's time for us to roll up our sleeves and act in a way this body is supposed to act, in a deliberative, thoughtful way to generate comprehensive legislation that truly tries to solve problems and achieve progress. That's what we're elected to do. I think the Blue Dog Coalition approaches most issues in that way. I think we really don't care about if it's a Democratic idea or a Republican idea, we're trying to make progress.
And so as I close this hour and this discussion of energy issues, I suspect
that we will be back talking about this again. This issue is not going away. It's something that we all need to learn more about and we all need to work together. None of us have all the answers, but we need to work together as a Congress to try to find solutions as best we can.
With that, I thank all of my Blue Dog colleagues for joining me tonight.