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House Proceeding on Jul 8th, 2008 :: 0:48:56 to 0:51:48
Total video length: 2 hours 17 minutes Stream Tools: Stream Overview | Edit Time

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Lynn A. Westmoreland

0:41:17 to 0:48:56( Edit History Discussion )
Speech By: Lynn A. Westmoreland

Lynn A. Westmoreland

0:48:42 to 0:48:56( Edit History Discussion )

Lynn A. Westmoreland: since the end of 2006. a loaf of bread is up 23 cents or about 23% than what it was at the end of 2006. a gallon of milk is up almost 30%, mr. speaker, since the new majority came in. the

Madeleine Z. Bordallo

0:48:56 to 0:49:07( Edit History Discussion )

Madeleine Z. Bordallo: dow jones has lost about 20%. stock market is down 53 trillion in the wealth of the stock market -- $53 billion. real net worth is down $2.51 trillion. the real per captaina gross domestic

Madeleine Z. Bordallo

0:48:56 to 0:51:48( Edit History Discussion )
Speech By: Madeleine Z. Bordallo

Madeleine Z. Bordallo

0:49:07 to 0:49:21( Edit History Discussion )

Madeleine Z. Bordallo: product is down. inflation rate is up. unemployment rate is up. the real average wage is down, mr. speaker. we are not doing a good job. . part of the reason that bread is high, the stock market

Madeleine Z. Bordallo

0:49:21 to 0:49:37( Edit History Discussion )

Madeleine Z. Bordallo: is going down, that inflation is up is because of the oil crisis that we're in right now because we are totally dependent on foreign oil. and i'd like to close with this as a quote -- with a quote

Madeleine Z. Bordallo

0:49:37 to 0:49:51( Edit History Discussion )

Madeleine Z. Bordallo: from the department of minerals management service, that's in the interior department. the director says that agency stafmentes that offshore -- statements that offshore drilling could produce

Madeleine Z. Bordallo

0:49:51 to 0:50:06( Edit History Discussion )

Madeleine Z. Bordallo: 7.8 billion gallons of oil and 76 billion gallons of natural gas. and we are going to need that natural gas with these home heating oil and natural gas bills are due this winter. the director

Madeleine Z. Bordallo

0:50:06 to 0:50:22( Edit History Discussion )

Madeleine Z. Bordallo: would not say how much oil and gas he thinks the lands could produce, but he said the experience has shown that once companies begin drilling onri land they often find more than expected.

Madeleine Z. Bordallo

0:50:22 to 0:50:43( Edit History Discussion )

Madeleine Z. Bordallo: mr. speaker, we have about 2.5 billion acres of federal land and offshore that we can be drilling on. 68 million of that has leases that oil companies have leased, and we certainly, and i

Madeleine Z. Bordallo

0:50:43 to 0:51:00( Edit History Discussion )

Madeleine Z. Bordallo: say we, i'm talking about the minority, do not think that big oil does not play some part in this, but the reality of it is we cannot expect big oil to go out and drill on leased land

Madeleine Z. Bordallo

0:51:00 to 0:51:18( Edit History Discussion )

Madeleine Z. Bordallo: that has no oil or no gas. you do not go grocery shopping at a hardware store. we need to open up this landnd that is available, that the department of interior, that the minerals and management

Madeleine Z. Bordallo

0:51:18 to 0:51:35( Edit History Discussion )

Madeleine Z. Bordallo: service says that there's gas and oil there. we need to open up this land to let people drill on, to let people get our natural resources out of the ground rather than us being dependent on going

Madeleine Z. Bordallo

0:51:35 to 0:51:48( Edit History Discussion )

Madeleine Z. Bordallo: to foreign countries on bended knee with hat in hand asking them to sell us their natural resources when we refuse to use our own. so, mr. r.speaker, i'll close with this that we do want to work,

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