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House Proceeding 06-23-08 on Jun 23rd, 2008 :: 1:38:16 to 1:39:42
Total video length: 1 hours 58 minutes Stream Tools: Stream Overview | Edit Time

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John Jr.Conyers

1:36:04 to 1:38:16( Edit History Discussion )
Speech By: John Jr.Conyers

John Jr.Conyers

1:38:00 to 1:38:16( Edit History Discussion )

John Jr.Conyers: yield as i yielded to him? mr. conyers: yes, the gentleman yiel ded to him so i yield to him. mr. lungren: i thank the chairman n response to the question i'm sure the gentleman may be aware

Daniel E. Lungren

1:38:16 to 1:38:33( Edit History Discussion )

Daniel E. Lungren: of the fact that 52% of the exploratory wells that were drilled by american companies in america over the last five years were dry wells so that in some cases they have taken leases on land

Daniel E. Lungren

1:38:16 to 1:39:42( Edit History Discussion )
Speech By: Daniel E. Lungren

Daniel E. Lungren

1:38:33 to 1:38:45( Edit History Discussion )

Daniel E. Lungren: offshore and that has proven not to be a successful well. the problem is that those that are -- that have the greatest prospect for yielding real petroleum and natural gas offshore and in alaska

Daniel E. Lungren

1:38:45 to 1:38:57( Edit History Discussion )

Daniel E. Lungren: have been prohibited by this congress. and also as the gentleman may know, they pay for those leases, they continue to pay for those leases. i have not heard anybody on this floor accuse the

Daniel E. Lungren

1:38:57 to 1:39:09( Edit History Discussion )

Daniel E. Lungren: oil companies of paying for something for nothing. they pay for those leases. there is a limit on the time that they can have those leases when they do not produce them. so in all cases they

Daniel E. Lungren

1:39:09 to 1:39:32( Edit History Discussion )

Daniel E. Lungren: have made judgments as to whether or not the leases they have are yielding leases. in many quaces --ases, 52 perfect they tried to find out and haven't found it. i thank the gentleman for

Daniel E. Lungren

1:39:21 to 1:39:42( Edit History Discussion )

Daniel E. Lungren: yielding. i appreciate his courtesy. mr. conyers: well ---- this remind me -- we had a hearing on this subject and the oil execs of the five companies came before us and in the other body three

John Jr.Conyers

1:39:32 to 1:39:53( Edit History Discussion )

John Jr.Conyers: yielding. i appreciate his courtesy. mr. conyers: well ---- this remind me -- we had a hearing on this subject and the oil execs of the five companies came before us and in the other body three

John Jr.Conyers

1:39:42 to 1:40:03( Edit History Discussion )

John Jr.Conyers: of them had -- three of them told us how much they made. as you know they make the top profits of any executives, short of the pharmaceuticals, of course. i don't want to short them. we found

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