I thank Representative Latta. I appreciate your leadership on the issue of energy, and although you are a brand new Member of Congress--you haven't been here for a long time--you've shown just extraordinary leadership on the issue that's…
I thank Representative Latta. I appreciate your leadership on the issue of energy, and although you are a brand new Member of Congress--you haven't been here for a long time--you've shown just extraordinary leadership on the issue that's probably facing more Americans today than any other, and that's the dramatic increase in the price of energy, and I know how passionate you've been on this issue. You've worked tirelessly in your district, and the people of your district in Ohio are fortunate to have you as their representative. Thank you so much for working so hard on this issue.
It's one, Mr. Speaker, that I believe probably every Member of this body is hearing from their constituents over and over and over again. I know that I have as well. I had conducted a meeting with several members of my community who own gas stations, independent owners of gas stations. And one thing that they told me that broke my heart, they told me that they are seeing 30 percent fewer sales at the pump, and they're also seeing 30 percent fewer sales inside their store, and they're hurting.
One gentleman told me that normally he would spend $10,000 to purchase the gasoline that would go into the ground in the holding tanks, $10,000, and that's money that's out of his pocket, sitting there in inventory until it can be sold. And he said, now, I pay $40,000 to have that inventory in the ground, and now sales are 30 percent less. And so he has more money in the ground, not producing for him, at a higher and higher price level, and he said this is eating up my entire profit margin. There are people going out of business.
And so what he told me is we've got to do something to get gasoline back down from its $4 a gallon, and that's what we're about here tonight to say there's very good news on the horizon.
It's doom and gloom when you wake up in the morning and you see and you hear on the radio and you see when you drive to the gas station what the price at the pump is. But the good news is, there is an answer, and America can go back to $2 a gallon gasoline or less. It's entirely possible.
Why? Because we have the answer right here in our country. We are standing on our own solution. We have energy that's available to us, 86 billion barrels, that's according to our own United States department, 86 billion barrels of energy right now that's available to us in the form of oil in the Outer Continental Shelf area.
We have over 10 billion barrels of oil that's fully recoverable up in the arctic energy slope. This is an area of land that Congress originally set aside specifically for the purpose of accessing that energy through drilling to bring back down to the United States. I had the privilege back in the mid-1970s of working two summers up on the Aleutian Chain in Alaska. That's when the Prudhoe Bay, Alaska, trans- Alaska oil pipeline was built. That oil pipeline is currently up. It's running, but it is only half full.
With very little effort, we could actually tap into that oil pipeline, the 10 billion barrels that we know are already in Alaska, and we could fill that pipeline. Rather than having it half empty, we could fill it and bring down another million barrels of oil a day.
And Mr. Speaker, 1 million barrels of oil a day translates into 27 million gallons of gasoline, and that would mean a 50 percent increase in American reserves than we're already tapping today. That's just those 10 billion barrels. That doesn't include the 85 billion barrels that are also available in the Outer Continental Shelf in the deep sea energy reserves that America only has.
But Mr. Speaker, I think most Americans aren't even aware that America is the only country in the world that has voluntarily made it illegal to access its own energy. That's right, Mr. Speaker, we are the only country in the world that's made it illegal to access our own energy.
Congress caused this problem. The problem is not OPEC and the problem is not speculators. The problem is the United States Congress. I believe part of the reason why we are seeing Congress's approval ratings at an astoundingly low 12 percent is because Congress has chosen to make it illegal to access the answer that we need, and that's our own energy resources.
Here's another great fact. In the gulf coast region, we have what is probably the world's largest reserve of natural gas. We have 420 trillion, 420 trillion cubic feet of natural gas that's available to us right now off the shore in the Gulf of Mexico. We can access this, and we can bring natural gas into our country, use it to fire up our electrical grid, and also, we could even change our cars and buses, run them on natural gas as well.
America also is home to 25 percent of the Earth's supply of coal right here in the United States, almost an unlimited supply. We have clean coal technology today that's available to us that can process coal and transmit that almost unlimited supply of energy all across the United States.
And as well, nuclear energy. I have a nuclear energy facility in my home district in the Sixth Congressional District of Minnesota, Mr. Speaker. And I'm so grateful we have that because nuclear power supplies almost 20, 25 percent of Minnesota's energy needs. It's a clean, safe, reliable form of energy, and it has zero emissions. I am so excited about this wonderful technology, but unfortunately, Mr. Speaker, again, Congress has made it illegal for us to be able to tap into this wonderful source of energy.
Whether it's nuclear, whether it's coal, whether it's natural gas, whether it's the oil reserves that we have, America has the answer. In fact, this is the industry that we can tap into right now. We don't need to find a magic bullet or a magic alternative. This is energy that we have available to us today that we could tap into today so we can see the American people very soon get back to paying $2 a gallon.
One thing that happened not too long ago was this body, the United States Congress, sent out stimulus checks to Americans all across the country. Why, Mr. Speaker? Because people in the United States Congress were worried about the economy, so we went to the United States Treasury and we wrote checks that are still being sent out to Americans all across this country. Why? We wanted to encourage Americans to spend money to stimulate the economy.
Do you know what I believe the greatest stimulus would be to Americans? It would be to get gasoline back to $2 a gallon. And it's so possible. It
was just about 18 months ago that the Democrat majority took over in this body. And when they took over, gasoline, on average, at the national level was $2.33 a gallon. Mr. Speaker, that average today is about $4.07 a gallon. That's a dramatic increase in the price of gasoline, unheard of increase in the price of gasoline. It took us 25 years in the United States for gasoline to go from $1 a gallon to $2 a gallon. And just in the time that the Democrats have held the gavel they have taken this country from $2.33 to $4.08 a gallon.
I was listening to the previous discussion that occurred, and I heard some suggestions about why the price of gasoline has gone up so dramatically. And I find it interesting, because if you look at the votes from 1994 until today, this Congress has already voted on whether or not we should explore in ANWR. We voted on it. In fact, the Congress, back in 1995, sent a bill to President Bill Clinton to say that we should be drilling in ANWR. The House passed that bill, the Senate passed that bill. Unfortunately, it was President Bill Clinton that vetoed that bill; otherwise, we would have already been drilling in ANWR. We wouldn't be in the pickle that we're in today.
But this is the vote and these are the facts. I'm not trying to be partisan because we need to come together, as Democrats and Republicans, and solve this problem now because Americans are feeling real pain and the economy is reeling over energy prices. But here's the facts, Mr. Speaker. This is a fact. Any American can go and find out what the voting has been on ANWR exploration, of bringing energy down from Alaska.
Ninety-one percent of Republicans have voted to explore in ANWR and drill for oil in ANWR, 91 percent; 86 percent of Democrats have opposed drilling. And that hasn't changed today because we already know what the Democrat plan is for energy, they've made it abundantly clear. It is very simple. Their plan has been, let's have the United States Government--that created this problem--take over the oil industry and nationalize oil refineries. That's what they said last week at a press conference, let's nationalize oil refineries. Well, that's not a new idea, but it's not an American idea. And that's not an idea that the American public wants us to embrace. They don't want us to embrace socialism. But that's what we heard Democrats say last week.
Here's the other part of their plan: It is, drive less and pay more. Drive less and pay more. That's not what the American people want. But Senator Obama, the nominee of the Democrat party, just recently said it isn't the high price of gasoline that has him worried, it's how quickly that price went up. Well, I'll tell you one thing, Congressman Bob Latta, Congressman Paul Broun and also Congressman Rob Wittman, who was on the floor tonight, it's the high price of gasoline that's bothering us.
Republicans don't want to see gas at $4.08 a gallon, or $5 or $6--or whatever that price could be by the end of summer. We don't want it that price because we know for a fact we can get gasoline back down to $2 a gallon or less very simply if all we do is explore what we already know we have. We've got the resources, we've got the technology. We can do this thing, we're Americans. We're Americans, and we can do this, just like Congressman Wittman said, like we did with the Apollo 13. We can do this, and it's exciting.
We don't have to go with the Democrat agenda, which is, nationalize the oil industry, take over the oil refineries. We think the United States Government--who didn't do such a great job at Walter Reed Hospital--is going to be brilliant and bring down the price of gas by taking over oil refineries? I don't think so. I don't think that's who I want to trust, not with the American people saying that we have a 12 percent approval rating; I don't think they would trust us either.
And I don't think the American people want us to drive less and pay more. I think what the American people want is what the Republicans are offering. And that's why I'm so grateful to Congressman Latta tonight for sponsoring this important hour on energy. Because what Congressman Latta is trying to let the American people know is that we can get back down to $2 a gallon of gas or less if we open up the key to our own answer, which is, open up America's supplies and do it in a clean, safe, environmentally sensitive way, which we've already done.
How do I know that to be true? Because the United States was one of the only countries in the world last year that actually reduced its emissions. That's right, Mr. Speaker, the United States is one of the only countries in the world that reduced its emissions. All these other countries that signed onto the Kyoto Treaty, the EU, that signed onto this elaborate, bureaucratic-driven cap and trade system, their emissions all went up, ours went down. What's the difference?
We, in this country, believe in freedom. We believe in freedom and we believe in free markets to solve our problems. And they do, free markets solve the problems. It's not socializing our oil industry like the Democrats have suggested. It's not sitting home, putting a sweater on, turning our thermostat down, that's not going to solve the problem. It's not going to be paying more at the pump; that's not going to solve the problem. It is unleashing American ingenuity and finding these new sources of supply, which we already have, with technology that we already have, and bring the supplies in so we can make it happen.
I am so excited about what Congressman Latta is doing. And I just want to end now with these other statistics, and they're very simple. House Republicans voted 97 percent of the time to have coal-to-liquid technology, to give us more oil at cheaper prices. Democrats opposed it 78 percent of the time.
Oil shale exploration. The United States is the Saudi Arabia of oil. We have more oil just in Colorado, Utah and Wyoming than all of Saudi Arabia, over 1.3 trillion barrels of oil. Republicans said yes, let's explore that oil 90 percent of the time. Democrats opposed exploring that oil 86 percent of the time.
Outer Continental Shelf, where we have 86 billion barrels of oil. House Republicans voted 81 percent of the time, let's explore, let's access that energy. Democrats, almost the flip, 83 percent opposed exploration.
On refinery increase. Because, you know, we had over 300 refineries not too long ago in this country, we're now down to somewhere near 150 refineries. The Republicans voted 97 percent to increase the number of refineries, Democrats opposed it 96 percent.
I don't take any glory in reading those numbers, but if you average them all together, over 90 percent of the time, Mr. Speaker, Republicans have voted to explore American energy, explore it now so that Americans can pay less. That's our answer. We're not new to this dance. This has been the answer that Republicans have been giving since 1994. That's the answer we want to have. Democrats, since 1994, almost 90 percent have said no, let's not access American resources; in fact, let's make it illegal to access these resources. Well, that's not what the American people say.
Mr. Speaker, over 70 percent of the American people have had it up to here. They're seeing their lives change; they're seeing jobs lost, jobs sent overseas. They want us to explore here, explore now, so they can pay less.
And, Mr. Speaker, we agree with the American people. And Congressman Latta is leading the charge tonight to let the American people know that we're with them, we're in their corner. We don't think they are the problem. We think the American people are way out in front on this solution.
So I yield back, Congressman Latta. I yield back because I can't wait to hear what more you have to say on this issue. And thank you for that opportunity.
Thank you, Congressman Latta. I want to address a point that was brought up by Congressman Broun and really the absurdity of the remark regarding the oil leases that oil companies have taken up. These lands are owned by the American people and they are leased out to oil companies or natural gas companies. These oil and gas companies have to pay for these leases. They aren't just given to them free of charge. They have to pay for the right to search for the oil.
They take all the risk, and they find the natural resource and they access that natural resource. It doesn't make any sense economically for a company to lease something and waste money on leases that they aren't going to use. It's already in law that if the companies that lease this land, if they are not productive, it's already a law they have to turn the leases back. They can't just lease them forever, get them for free, not pay for that right to lease the land. They have to already turn them back if they aren't productive, because the companies know if there's oil on the land, or if there's gas on the land, they already know if it's there.
Just because they have leased land doesn't mean that there's oil on it or that there's gas on it. It just doesn't make sense someone is going to waste money if they are in a private company. That takes away from profit, and you need to have profits to be able to go forward.
Again, this is the 75th anniversary of the New Deal, and it reminds me of Solomon, who said in Ecclesiastes, ``There is nothing new under the sun.'' And there is nothing new under the sun with a lot of these suggestions we have seen. As a matter of fact, the plan we have seen so far from the Democrats has been this, and it's pretty simple, it is: Drive less, pay more. That is pretty much the plan that we have seen. Oh, yeah, also, let's increase taxes on the domestic production of American energy. That doesn't take too much for the American people to figure out.
If Congress would decide we are going to start taxing food, do you think food would cost more? Of course it would. What about if Congress decided, Let's add taxes to health care, as if that wasn't expensive enough. Would that cost more? Of course it would.
This is not the way the American people want us to go. They don't want us to jack up taxes on American production of oil. They don't want to drive less, they don't want to pay more. They don't want to have America socializing and taking over oil refineries. What the American people want, pure and simple, is freedom. They want freedom, they want the free market, and they want to see energy prices get back down to $2 a gallon or less.
I know it's possible, I know it can happen, and that is why I am so thankful for your brilliant leadership tonight, Congressman Latta, and also for Congressman Paul Brown, and also for Congressman Wittman, who was here earlier this evening speaking, because here's an answer. Here's an answer.
It's here, it's ours, it's for the taking. We can be environmentally sensitive. We can explore here in America now, and we can have Americans pay less. I yield back.