Saving Energy Through Public Transportation Act Of 2008
I thank the distinguished chairman for yielding. Jim Oberstar is one of the most knowledgeable people in America on energy issues and on transportation issues. And the two, of course, are closely related. I want to thank him for his…
I thank the distinguished chairman for yielding.
Jim Oberstar is one of the most knowledgeable people in America on energy issues and on transportation issues. And the two, of course, are closely related. I want to thank him for his leadership and for his service. We are fortunate, as an American people, to have him chairing this critically important committee.
There is no stronger proponent of rail service and mass transit than Jim Oberstar. That service has never been more important than it is today. His vision and his service have put this country in a place where we now have the opportunity to make additional investment which is critically needed so that the demand for mass transit resulting from the cost of gasoline and energy products can be met by our mass transit system. And I thank him for his leadership.
This bill, as well as the other two bills considered on this floor today on drilling and market speculation, is a clear recognition by this House majority that America's energy policy cannot be one dimensional.
We've heard a lot of finger pointing on the floor today, and finger pointing is relatively easy. The fact of the matter is we all need to come together. I don't just mean Republicans and Democrats and the Congress of the United States, but all 300 million of us in this country need to come together and understand that we have 3 percent of the world's oil supply and 25 percent of the demand. It does not take a great mathematician to understand, therefore, that simply drilling for new product will not solve our problem. That is not to say by any stretch of the imagination that that should not be done.
These bills, taken together, and when combined with other actions taken by the majority on energy, are a clear reflection of the alternative to the Republicans' sole focus on drilling, to the exclusion of alternative and renewable sources of energy.
Let no one be mistaken: Democrats do not oppose further drilling, discovery and production of product, period. All we are saying, as I will explain in more detail shortly, is that the oil and gas companies should utilize the 68 million acres--that's 68 million acres--currently available to drill on which contain, according to experts, over 100 billion barrels of oil. And we use about 7.5 billion a year in this country, so that is approximately 14 years of oil. That's what the experts tell us, not Democrats and Republicans, the experts tell us are available on these untapped resources currently available, currently leased. I would tell my friends that, not only that, but they contain hundreds of millions of cubic feet of natural gas.
Now, as to Chairman Oberstar's bill: It promises Americans relief from our $4 per gallon gas prices. Tomorrow? No. Next week? No. Next month? No. Very frankly, we have been too long delaying our investment in alternative energy sources and alternative transportation modes. But it does promise that in the future we will have the capability both to provide mass transit for our people, and to provide for the alternative to lower demand which, therefore, should lower prices as well.
It authorizes $1.7 billion over the next 2 years to provide grants to mass transit authorities to reduce public transit fares and will help transit agencies deal with escalating costs. That is a rational response to increased demand.
In just the first 3 months of this year, Americans took almost 85 million more trips on public transit than in the same period the year before. Surely all of us in this body, faced with 85 million additional trips, will want to respond in a way that provides capacity to accommodate that growth.
Public transit reduces America's oil consumption as well as carbon dioxide emissions. Thankfully, the administration has, very late, come to the conclusion that, yes, global warming is a problem. Unfortunately, for 7-plus years of this administration they denied it was a problem, but coming to the right conclusion late is always timely.
In addition, the legislation on market speculation that was introduced by Chairman Peterson and Congressman Van Hollen is an effort which I hope every Member of this body will support to address this issue, record high gas prices, from another angle.
Oil producers are telling us they believe that a large portion of the price is related to speculation. Can I guarantee they're right? No, I cannot. Am I an expert on this issue? I am not. But I do know that they have said that is the case. If it is the case, it's incumbent upon us to find out, because if it is, and we can reduce prices for the consumer at the pump, they expect us to do so and we want to do so.
The Bush administration, of course, insists that the spike in gas prices is not attributable to market speculation. That may be why the commission that is supposed to oversee this has not acted as vigorously as they otherwise might. George Soros, a very successful investor, has said this: ``The crude oil market has been significantly affected by speculation.''
The legislation that we will vote on shortly simply directs the Commodity Futures Trading Commission to use its full authority and emergency tools to curtail excessive speculation and other practices distorting the energy market. Why would any Member of this body vote against asking this commission to look at that issue to determine whether or not there is validity? If there is not, presumably the commission will so find.
Finally, about Chairman Rahall's bill, let me simply say this: What could make more common sense than saying to the oil and gas companies that they should drill or pursue drilling on the 68 million acres of Federal land currently under lease or simply lose those leases? After all, they are leased for the purposes of us producing more product. If they lie fallow and are not being worked, not being investigated, not being explored, not being tapped, then the American consumer finds a dwindling or short supply. And what happens in that context? Prices go up. And yes, oil companies make record profits, but consumers lose. This bill simply says to the oil companies, be diligent in the development of what you have or lose the lease to someone who will pursue the discovery and production of oil.
Democrats believe that we need to find product. I mentioned the 68 million acres that you've heard a lot about, that's a lot of acres. But there is an additional 23 million acres in Alaska, 22 million of which is under congressional set-aside for oil production and discovery. Nine hundred thousand acres have already been leased for that purpose. And experts tell us there is more oil there than there is in the Alaskan Wildlife Refuge, but our Republican friends continue to focus on the Alaskan Refuge.
Let no one be mistaken: The oil companies have many acres to look at onshore and offshore. According to the Minerals Management Service and the Bureau of Land Management, these 68 million acres on land and waters, 74
percent of which we have already leased, are not producing oil and gas.
Our Republican friends have also charged that we're keeping the best lands out of the hands of oil and gas companies. That is not the case. They can say it again and again and again and again, but it's not the case. In fact, 81 percent--I hope all of my colleagues hear this, and I hope the American public will read the Record--81 percent of estimated oil and gas resources on Federal lands and the Outer Continental Shelf are presently available for development. And here, perhaps, is the most important fact: These resources are equal, as I said, to 107 billion barrels of oil and 658 trillion cubic feet of natural gas. That is 10 times the amount of economically recoverable oil that could be produced from opening up the Arctic Wildlife Refuge and more than 14 years of current U.S. oil consumption.
Finally, Madam Chairman, let me say that there is no silver bullet, we all understand that; to pretend otherwise would be dishonest. We need to be honest with the American public. Unfortunately, for over a quarter of a century we have had mostly administrations or Republican control of the House and the Senate which essentially said that drilling more oil and not looking for alternatives was the policy they wanted to pursue.
When we got here, we passed an energy bill that focuses on alternatives. If we only have 3 percent, we have 25 percent of the demand, you can bet your sweet life that those who have the oil all over this world are going to say to us, you pay us what we tell you to pay us. And not until we pursue policies--which this administration has failed to do, which this Republican leadership failed to do--not until that time will we be able to say to our friends and, indeed, some not so friendly, we're not going to pay your price because we have alternatives. We have mass transit provided by Jim Oberstar. We have alternative energies provided by the bill that we passed. We are expecting electricity--which the Republicans oppose--to be produced by alternatives. We have renewable fuel standards passed in this House, sent to the Senate.
Ladies and gentlemen of this House, we have taken significant steps last year, we're taking significant steps today, and we will continue to take significant steps so that America will be energy independent. That's in the best interest of our national security, our economic security and, indeed, it is critically important for our global health.
The bills we are considering on this House floor today are key components of a comprehensive energy strategy that seeks to provide Americans with relief at the gas pump while we wean our Nation from its dangerous addiction to foreign oil. The President said we're addicted to foreign oil. And yet there was a meeting on energy in 2001, just after the President became the Chief Executive, and they convened oil company executives to tell us, what should our policies be? One of my colleagues said, well, whatever they said--because the meetings were secret--their policies failed. Perhaps. Perhaps they failed. One cannot inevitably draw that conclusion, however, because those same companies, 7 years later, are making the greatest profits they have made in the history of their companies. Perhaps their policies failed, or perhaps their policies led to success.
Ladies and gentlemen, we need to pursue mass transit and invest in expanding it so we can meet the demand of our consumers and of our citizens and of our energy independence.
I thank the gentleman for his leadership. And I urge my colleagues to vote for all three of these critically important bills. Are they the sole solution? They are not. Are they the only solution? They are not. Are they the solutions that we will take and then stop? They are not. But they are a step, each and every one of them, in the right direction. Let's take those steps today.
I urge my colleagues to support these three bills.