Energy In America
Mr. Speaker, I thank my colleague, the distinguished ranking member of the Energy and Commerce Committee, former chairman of the committee, for yielding time to me. My other colleague from Texas, our conference secretary, part of our…
Mr. Speaker, I thank my colleague, the distinguished ranking member of the Energy and Commerce Committee, former chairman of the committee, for yielding time to me.
My other colleague from Texas, our conference secretary, part of our leadership, my good friend, Judge Carter, just said that he is not an expert on energy. But he certainly is an expert on common sense. He got some of that expertise by talking to his constituents at that impromptu town hall meeting at the gas pump in Texas. That is where we get some of our knowledge from the people that we represent, and they are mad as heck and they are not going to take it any more.
I am absolutely surprised, Mr. Speaker, shocked that this new Democratic majority is apparently not listening to what the American people are saying. Back in April of 2006, then-Minority Leader Nancy Pelosi released a statement saying, and I quote, ``Democrats have a plan to lower gas prices.'' Well, Mr. Speaker, here we are tonight, June 3, 2008, over 2 years after Nancy Pelosi, Speaker Pelosi now, announced that Democrats had this commonsense plan to help bring down skyrocketing gas prices. The average retail price of gasoline is $3.99 for a gallon of regular. That is what I paid last night to fill up my car, a 25-gallon tank. It cost me almost $100.
Mr. Speaker, this is something that the American people can no longer afford. I don't know what this comprehensive plan the Speaker had in mind when she spoke to us in January of 2007 for the very first time, I don't know what that comprehensive plan was, but I darn sure know what the results of the plan was. The result is gasoline prices at the pump for regular have gone up more than $1.65 a gallon. Some plan. The proof of the pudding indeed is in the eating.
There are some things that I want to point out in regard to some of the plans that the Democrats have had in regard to lowering these gas prices and a nationwide average of $3.98 a gallon; in my district, $3.99. Here's some of the things that maybe they proposed to bring down the price of a gallon of regular gasoline. Sue OPEC? You save nothing. Launch the seventh investigation into price gougers? You save nothing. Launch the fourth investigation into speculators? You save nothing. Twenty billion dollars in new taxes on oil producers? Increasing the debt. Halt oil shipments to the strategic petroleum reserve? Maybe save a nickel a gallon.
On the other hand, Mr. Speaker, my colleagues, the Republican plan to lower gas prices: Bring United States offshore oil drilling, ANWR, saving anywhere from 70 cents to $1.60 a gallon. Drilling in ANWR. My colleagues talked about that. Probably an additional 1\1/2\ million barrels of petroleum a day from that source.
Bring United States deepwater oil on line. Out of the Outer Continental Shelf is what we are referring to. That
could save anywhere from 90 cents to $2.50 a gallon. Bring new oil refineries on line. Our good friend from Ohio, Representative Latta, pointed out that we haven't had a new oil refinery or a nuclear power plant license in this country in over 30 years. That could save 15 cents to 45 cents a gallon. Cut earmarks to fund a gas tax holiday. That could save 18 cents a gallon. Again, we agree with the Democrats on this one. Halt the oil shipment to the strategic petroleum reserve, saving a nickel a gallon. Our plan, the Republican plan, my colleagues, in a very conservative way, would save at least $1.98 a gallon; $1.98 a gallon. The Democrat plan, at most, a nickel a gallon.
Well, let me just tell you one thing that they did, the Democratic majority, Mr. Speaker, in their energy bill of 2007. There is a section in that bill, a section called 526. Basically, what it says is no agency of the Federal Government, no agency of the Federal Government can utilize a source of energy production that creates a bigger carbon footprint than conventional fuel, conventional gasoline and diesel fuel. They are absolutely not permitted to do that.
Now I want, Mr. Speaker, and all of my colleagues, I want you to think about the consequence of that. The Federal Government on an annual basis utilizes something like 480,000 barrels of refined petroleum products; 480,000 barrels.
I am sorry, that is a day. I said annually. That is a day, 480,000 barrels. And which branch of the Federal Government uses the most of that? Obviously, the Department of Defense. And which branch of the Department of Defense, which service branch, uses the most of that? The United States Air Force, flying the platforms that we have to maintain the security of this country. Almost 480,000 barrels. It is estimated, Mr. Speaker, that the Air Force will spend an additional $9 billion for that fuel in the year 2008, fiscal year 2008, because of these rapidly increasing prices of oil.
Now, that bill though says they can't go out and utilize anything other than that liquid petroleum we all think about bubbling up out of the ground. Yet in this country, my friend from Texas referred to it, Representative Carter, is something called shale oil that his grandfather told him about.
Shale oil, Mr. Speaker, is mainly in the West, in several Western States, and the total amount of additional petroleum that could be gotten from that shale oil is something like 3 trillion barrels of refined products. Yet we are not allowing the agencies of our Federal Government to utilize these sources.
Tomorrow in the Science Committee, of which I am a member, the NASA Subcommittee will be marking up the reauthorization of NASA, the National Aeronautics and Space Administration. They do research on shale oil, on oil sands, another product that is very plentiful in Canada. A lot of oil could be gotten from that. They are doing that research. They are sharing that research with the Department of Defense, and yet they are not able to utilize any of that additional oil. The amount that we could get from shale oil is equivalent to the amount that we have probably utilized in the world over the last 100 years. That is how much capacity we are talking about.
Those are the sort of things we can do to bring down the price. I could go on and on, but the gentleman has been very generous with his time and I want to yield back to him. But we need a comprehensive plan that includes nuclear, that includes the use of these alternative sources of petroleum products, like oil sands and shale oil. And until we get together and do this on a bipartisan basis, the American public is going to continue to suffer.
I yield back to the distinguished gentleman.
I thank the gentleman for calling that to my attention. We will make that change.