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House Proceeding 06-23-08 on Jun 23rd, 2008 :: 0:35:12 to 0:42:33
Total video length: 43 minutes Stream Tools: Stream Overview | Edit Time

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Previous speech:

Edolphus Towns

0:34:53 to 0:35:12( Edit History Discussion )

Edolphus Towns: who is a lea der in this issue as well. thank you for joining us. i yield time to you. mr. johnson: thank you, my colleague from new york. the esteemed congrteessman ed towns. and i appreciate

Hank Johnson

0:35:12 to 0:35:32( Edit History Discussion )

Hank Johnson: very much youia speaking on this very important issue. it is an issue that has been t creeping like a thief in then night into the pocketbooks and into the pockets of americans, everyday

Hank Johnson

0:35:12 to 0:42:33( Edit History Discussion )
Speech By: Hank Johnson

Hank Johnson

0:35:32 to 0:35:50( Edit History Discussion )

Hank Johnson: working americans. we've seen the price of gas o escalates quietly but steadilyte ever since 2001, congresswomanre sheila jackson lee from houston texas, who i'm proud to serve with, and i see

Hank Johnson

0:35:50 to 0:36:06( Edit History Discussion )

Hank Johnson: my other colleague, barbara lee from california, so we've got all parts of the nation coveofred here. but ev er since 2001 when the price of gas was at $1.50, it's steadily gone up.

Hank Johnson

0:36:06 to 0:36:25( Edit History Discussion )

Hank Johnson: and that's kind of ironic given the fact that wet electeded a oil man to be o ur president and an oil man to be our o vice v president. you would have thought thahat ha america would be

Hank Johnson

0:36:25 to 0:36:48( Edit History Discussion )

Hank Johnson: taken care of by our president and our vice president. but what we've seen since that administration came to power is prices going throughic the roof and like a thief in theik night, people

Hank Johnson

0:36:48 to 0:37:02( Edit History Discussion )

Hank Johnson: have now awakened to see that they have been gouged and stolen from by t he oil industry. and it's all been while b we were enjoying a deregulated andat unregulated market and we were allowing

Hank Johnson

0:37:02 to 0:37:18( Edit History Discussion )

Hank Johnson: the speculators, instead of the producers,od to get a strangle hold on the american econom y. and so these speculators are driving up the price of gas, driving up the price of oil. it's become

Hank Johnson

0:37:18 to 0:37:34( Edit History Discussion )

Hank Johnson: the number-one issue in this country and, mr. speaker, while it's easy to peddle quick fixes, thlee hard truth is that there is no quick fix. it's kind of like the war in iraq. we got in a

Hank Johnson

0:37:34 to 0:37:51( Edit History Discussion )

Hank Johnson: little e gasier than it's going to take us to get out. and, by the way, ironically, some people believe that it was for the $35 -- 35 billion gallons or 35 billion barrels of oil beneath

Hank Johnson

0:37:51 to 0:38:10( Edit History Discussion )

Hank Johnson: al anbar province in iraq that we went to war for. some people believe that. so oil has driven much of the n policies of this administration and qu ick fixes will not do illt at this point.

Hank Johnson

0:38:10 to 0:38:26( Edit History Discussion )

Hank Johnson: we're rapidly reaching the point of peak oil. peak oil beingpe the moment, mr. chairman , after which global oil supply will for ever decrease. that moment is approaching. and meanwhil e, global

Hank Johnson

0:38:26 to 0:38:46( Edit History Discussion )

Hank Johnson: demand for oil is ever increasing. re and so we're r eaching a point where we have dwindling supply and skyrocketing demand and that means one thing, among others, but the bigges t thing is that

Hank Johnson

0:38:46 to 0:39:03( Edit History Discussion )

Hank Johnson: ha gas prices, high gas prices, are here to stay. now, the preside nt came up with an energy plan. it was done in secrecy back in 2001, if you'll remember. r. it seems toit me that it was vice

Hank Johnson

0:39:03 to 0:39:20( Edit History Discussion )

Hank Johnson: president chen ey who convened a group of peopl e who we still ll have not found out who those people wer e, in task force to formulate this country's energy policy. and someone went to court

Hank Johnson

0:39:20 to 0:39:44( Edit History Discussion )

Hank Johnson: to have the names and ide tntities of those task force members revealed. and i don't th ink that lawsuit was successful. but i can only speculate on who was in that room setting the oil

Hank Johnson

0:39:44 to 0:40:04( Edit History Discussion )

Hank Johnson: policy and that policy went into effect and back in august of 2005 when preside bush signed energy legislation into law, gas at the pump was selling for about $2.85 a gallon. and then just

Hank Johnson

0:40:04 to 0:40:25( Edit History Discussion )

Hank Johnson: one year later, in 2006, july06 26, energy secretaryrg celebrated the one-year anniversary of energy legislation. kind of like mission: accomplished. and that wasn't -- that didn't pan out either.

Hank Johnson

0:40:25 to 0:40:40( Edit History Discussion )

Hank Johnson: and at that point, one year after the anniversary of the signing of the bush administration energy policy, one year later, gas had gone up to $3 a gallon. and, of course, back in may it went

Hank Johnson

0:40:40 to 0:41:04( Edit History Discussion )

Hank Johnson: up, it continued to go up $3.81 in may, but now we're in june, heading to, ward july, and folks are speculating that we'll hit $5 a gallon by the end of the summer. and americans are hurting

Hank Johnson

0:41:04 to 0:41:20( Edit History Discussion )

Hank Johnson: and soa it comes as no surprise that thehe big oil president and the big oil vice president propose more drling instead of suggting real, lasting solutions to our energy problem. the most e ffective

Hank Johnson

0:41:20 to 0:41:36( Edit History Discussion )

Hank Johnson: way to t address this problem is to start conserving. there's so much that we can do to conserv e energy. it means so much for our environment. we need to clean this environment up. i

Hank Johnson

0:41:36 to 0:41:51( Edit History Discussion )

Hank Johnson: returned from a trip just one month agoag to t the north pole, mr. chairman, and the folks up there are talking about what'st' going to happen as the ice meltsel andnd it'll open up the shipping

Hank Johnson

0:41:51 to 0:42:08( Edit History Discussion )

Hank Johnson: lanesg so there will be more traffic, more opportunity to traverse that areaa and more opportunity to get at that oilto that's up in the north pole and i suppose we'll run all of the l polar

Hank Johnson

0:42:08 to 0:42:22( Edit History Discussion )

Hank Johnson: bears out trying to get to thyiat oil, trying to sip every last drop of oil that this earth hasat to offer while at the same time creatingcr environmentalon havoc.av so, i would be happy to continue

Hank Johnson

0:42:22 to 0:42:33( Edit History Discussion )

Hank Johnson: to have dialogue on this issue, but i know that there are t other colleagues here that want to address this issuead. so i would yield back at this point. mr. towns: thank you, the gentleman

Edolphus Towns

0:42:33 to 0:43:07( Edit History Discussion )

Edolphus Towns: from georgia, for his remarks and, of course, he's right on the issue. t there's no if's, and's, or but the's about it. when we look at the fact that a t five-year trend of record oil profits

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