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House Proceeding 06-09-09 on Jun 9th, 2009 :: 1:25:35 to 1:30:40
Total video length: 6 hours 35 minutes Stream Tools: Stream Overview | Edit Time

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Mario Diaz-Balart

1:25:33 to 1:25:53( Edit History Discussion )

Mario Diaz-Balart: designating june 10 as national pipeline safety day and yield such time as he may consume to my colleague, mario diaz-balart of florida. the speaker pro tempore: the gentleman is recognized for ouch -- how much time? mr. petri: as much time as he

Mario Diaz-Balart

1:25:35 to 1:30:40( Edit History Discussion )
Speech By: Mario Diaz-Balart

Mario Diaz-Balart

1:25:54 to 1:26:14( Edit History Discussion )

Mario Diaz-Balart: may consume. the speaker pro tempore: the mr. diaz-balart: thank you, mr. speaker. let me also thank the gentleman for his generosity with the time. i rise in support of this resolution designating the national pipeline safety month. mr. spear, pipe lines obviously play an important role in our society through the operation of our homes, our businesses, by cliffer --

Mario Diaz-Balart

1:26:15 to 1:26:35( Edit History Discussion )

Mario Diaz-Balart: delivering the energy to drive our cars, cook our food, to keep us warm and -- warm in the winter and cool in the summer. it's an undeniable reality that energy affects all aspects of our lives and all americans need to depend on energy. that's why it's unfortunate, mr. speaker, that some in the majority would like to and the administration, frankly, are proposing this cap and trade

Mario Diaz-Balart

1:26:36 to 1:26:58( Edit History Discussion )

Mario Diaz-Balart: legislation that many are calling a cap and tax legislation that would dramatically increase the cost of energy for all americans. every single american. estimates say that this bill could increase a cost to a family of four close to $3,000 a year, $2,937 a year, to be exact. and raise electrical rates on

Mario Diaz-Balart

1:26:59 to 1:27:19( Edit History Discussion )

Mario Diaz-Balart: families by 90% after adjustment for inflation, boost gasoline prices by 74% on arican families, mr. speaker, and natural gas prices by 55%. and if that were not bad enough, it would also put american businesses at a huge disadvantage, competitive disadvantage, with their

Mario Diaz-Balart

1:27:20 to 1:27:40( Edit History Discussion )

Mario Diaz-Balart: competitors from other countries that don't pursue that kind of legislation, be it china or india. now let's take a look at what some key players in the administration have recently stated about this ladies and gentlemenslation. some facts. for example, as c.b.o. director, when he was the c.b.o. director and currently the o.m.b.

Mario Diaz-Balart

1:27:41 to 1:28:02( Edit History Discussion )

Mario Diaz-Balart: director, mr. orszag, peter orszag, testifying to the ways and means committee on september 18, 2008, mrspeaker, he said, quote, decreasing emissions would also impose -- impose a cost on the economy, a cost on the economy. much of those costs will be passed along to consumers in the form of higher prices for energy

Mario Diaz-Balart

1:28:03 to 1:28:23( Edit History Discussion )

Mario Diaz-Balart: and energy-intensive goods. mr. orszag's written testimony stated that the average annual household cost was $1,300. that's for a 15% cut in co-2 emissions which by the way happens to be 80% less than the cuts sought by this administration.

Mario Diaz-Balart

1:28:24 to 1:28:45( Edit History Discussion )

Mario Diaz-Balart: another fact, on march 17, 2009, energy secretary steven chu testifying before the science committee said, quote, the cap and trade bill will likely increase the cost of electricity. end of quote. another fact i'd like to bring up today, energy secretary steven ch usaid that advocating -- chu said that advocating

Mario Diaz-Balart

1:28:46 to 1:29:06( Edit History Discussion )

Mario Diaz-Balart: effective trade duties as a weapon to protect u.s. manufacturing is otherwise again u.s. manufacturing would be put at a huge disadvantage. he said establishing a carbon tariff would help, quote, level the playing field if other countries have an imposed mandatory redestructions in carbon emissions. again, referring to the fact

Mario Diaz-Balart

1:29:07 to 1:29:27( Edit History Discussion )

Mario Diaz-Balart: that it would put our industry at a huge disadvantage. mr. chu said, quote, if other countries don't impose a cost on carbon, then we will be at a disadvantage. and he went on to say and we would look at considering duties to offset that cost, but the legislation doesn't have those in the bill. again, what we are lking at

Mario Diaz-Balart

1:29:28 to 1:29:48( Edit History Discussion )

Mario Diaz-Balart: then is the united states to impose a self-inflicted wound, country, our country at a huge disadvantage, increasing costs of energy to all consumers in this great country of ours at a time in particular when everybody is hurting. last month on may 21, c.b.o. director -- the current c.b.o.

Mario Diaz-Balart

1:29:49 to 1:30:10( Edit History Discussion )

Mario Diaz-Balart: director testified before the house budget committee and said that the c.b.o. has been very clear that cap and trade system or carbon tax would raise the price of carbon emissions and the cost would ultimately be borne by households. again, it's not rocket science, mr. speaker. again, it's also widely understood that if we raise the

Mario Diaz-Balart

1:30:11 to 1:30:32( Edit History Discussion )

Mario Diaz-Balart: price of carbon emissions in our -- and our trading partners do not, that creates an additional challenge for our carbon emitting industries. those are his words. i add the part about the rocket science, to be fair. but those are his words. so it's fitting that we are now here talking about pipelines and energy. i just hope that we don't forget the big picture as well and that

Mario Diaz-Balart

1:30:33 to 1:30:40( Edit History Discussion )

Mario Diaz-Balart: we don't impose this huge cost on our consumers, those who use gasoline, that turn on lights like everybody does, that

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