I thank my colleague from Washington State for yielding. The question today is about the rule dealing with the Chesapeake Bay. Well, this is a piece of legislation that is not controversial. The House can deal with this measure very…
I thank my colleague from Washington State for yielding.
The question today is about the rule dealing with the Chesapeake Bay. Well, this is a piece of legislation that is not
controversial. The House can deal with this measure very quickly and move on. Instead, the Democrat leadership has chosen a very cumbersome process that locks out amendments, that locks out new ideas dealing with the Chesapeake Bay, and takes up a significant amount of time in the people's House.
What we should be spending our time on, however, in this House of Representatives is not a piece of noncontroversial legislation which will take up over 2 hours of our day. Instead, we should devote this time to bringing down the cost and the price of gasoline at the pumps. That is what the American people want. That is what my constituents in Western North Carolina are demanding, that we take action on high gas prices.
We have a need and necessity for oil in this country. It is not something that I sought, but this is a life I was born into. We have had our economy powered by oil for about the last 100 years. It is just a fact. I think there will be a day when we can move to some other type of power to move our automobiles and trucks and planes. I am hopeful for that day. That day will happen and I will be fighting for policies to bring it about. But until that time comes, we must have sources of American energy, and we must be energy independent in America. We can't be beholden to the Saudi royal family for our price at the pumps; but, unfortunately, we are.
And why is that? Well, it is because of a significant number of policies that this Congress has put in place, very cumbersome regulations that we need to streamline when we come to the issue of building new refineries. And let's face it, we need new refineries to get diesel and unleaded fuel to the pumps. That also equals jobs. Unfortunately, in this country we have to import refined products. That means we have outsourced jobs. That means we have also sent our wealth overseas to these Nations that are refining product.
But beyond refineries which we must build, we also have to increase domestic production, American energy sources. And we have got significant American energy resources. The known reserves that we have in this country of oil will power 60 million automobiles for 60 years. Now, that is not a long-term solution, but it is certainly good for the next 60 years while we are building alternatives and different types of power sources.
So we also need that American energy production, whether it is oil, natural gas, coal. We have more coal in this United States, enough power source out of that coal than Saudi Arabia has. Actually, we have three times the amount of coal in this country as Saudi Arabia has oil. So these are not perfect solutions, but they will work in the short term.
But why are we at this state? Why are we at this place where we are paying almost $4 at the pump?
I will be happy to yield.
This is what I am talking about, and I appreciate the gentleman from Georgia asking. The reason we have high gas prices is because there is inaction by Democrat leadership. They don't want new refineries. They don't want American energy production. They want to simply conserve our way into energy independence. That is not possible. The American people know it is not possible, and I ask the Democrat leadership to yield to common sense and ask us to create more American energy so we can be energy independent.
Will the gentleman yield?
What pieces of legislation have been brought up this Congress to increase American energy production? Name one.
I appreciate the gentleman from Washington yielding me time so I can answer the gentleman's question.
I think this is a very interesting argument, alternatives. Well, so far in our power resources in the United States, 1 percent of our current power is produced by the types of things the gentleman is talking about. They are very expensive currently. The technology is very expensive.
So the gentleman is saying we can take that 1 percent, and let's say we can double it in the next 10 years, which is an ambitious proposal that some on your side have advocated and actually I am for. That takes us to 2 percent of American energy production.
What we need while we are doing that is actually reasonable solutions, and that means increasing supply.
The American people understand basic economics, unlike some on the other side of the aisle. They understand basic economics, that it is supply and demand that control price.