Metavid

Video archive of the US Congress

House Proceeding 07-14-08 on Jul 14th, 2008 :: 0:13:09 to 0:18:35
Total video length: 45 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:334 Duration: 0:05:26 Discussion

Previous speech: Next speech:

Walter B. Jones

0:08:53 to 0:13:09( Edit History Discussion )
Speech By: Walter B. Jones

Walter B. Jones

0:12:59 to 0:13:09( Edit History Discussion )

Walter B. Jones: current law. and so if you have a 10-year lease, you could be at various stages of development. you can the researching it. there could be underground cracking. you could be taking pictures. you

David Scott

0:13:09 to 0:13:23( Edit History Discussion )

David Scott: could be complying. you could be doing any of those things moving up to the 10th year of a 10 year days to decide whether it is good enough to drill, and you might say it is not good enough. let' s

David Scott

0:13:09 to 0:18:35( Edit History Discussion )
Speech By: David Scott

David Scott

0:13:23 to 0:14:03( Edit History Discussion )

David Scott: not get anything confused. there is no big abundance of excess property being held by the oil companies because they like to keep it from' and used later. what executive would be that stupid? they would

David Scott

0:15:21 to 0:15:37( Edit History Discussion )

David Scott: be subject to removal by the stockholders hit the stockholders found that the higher -- highest price available for crude oil, that they had leases that they were letting go by the boards. so fed use it

David Scott

0:15:37 to 0:16:01( Edit History Discussion )

David Scott: or lose it which is a big issue by the democrats is a falsity. there is already a use it or lose it in a release. >> another senator said that your proposal does not include lifting a moratorium for

David Scott

0:16:01 to 0:16:13( Edit History Discussion )

David Scott: the gulf of mexico. >> i do not remember. >> i think the answer to that would be is that our proposal is to give every state the option to allow offshore exploration, and if they agree to do that,

David Scott

0:16:13 to 0:16:22( Edit History Discussion )

David Scott: then they get to keep 37.5% of it, 12.5% is to conservation and have to the treasury. that section about the gulf of mexico to which the senator was referring is near florida, or near alabama against.

David Scott

0:16:22 to 0:16:35( Edit History Discussion )

David Scott: and so florida and alabama would have to decide. there are lines go out into the ocean that solve that problem. and you have that between every state. that is not a heart problem to solve. -- that

David Scott

0:16:35 to 0:16:46( Edit History Discussion )

David Scott: is not a hard problem assault. florida could decide, or alabama could decide, or we could decide to do it. 85% of the lands that are available for a deep sea exploration are off limits today, according

David Scott

0:16:46 to 0:16:57( Edit History Discussion )

David Scott: to the moratorium that the congress has imposed. as senator domenici said, those moratorium expire on october 1. unless congress expired -- unless congress takes action, they are all off the clock up area

David Scott

0:16:57 to 0:17:10( Edit History Discussion )

David Scott: available to deep sea exploration is increased by 85%. >> that is a special case there. >> you are right. it may be, senator alexander, representative to get the staff to check this. we may have created

David Scott

0:17:10 to 0:17:22( Edit History Discussion )

David Scott: a special interest there, because it was such a big deal for the united states, first time in 27 years, we got the best land around got released. and we may have in the process given some special

David Scott

0:17:22 to 0:17:36( Edit History Discussion )

David Scott: hold over rights that we did not cover in our bill. it is nothing compared to what we' re talking about, ok? it is land that has to be released if it had has not been. >> i would like to inject something

David Scott

0:17:36 to 0:17:45( Edit History Discussion )

David Scott: here. this is not a one-solution problem. the majority leader keeps coming up with one solution. we need to come up with a solution that will address the supply problem. it is not going to be just

David Scott

0:17:45 to 0:18:01( Edit History Discussion )

David Scott: one thing. we do not reject the idea about speculation. we do not reject the idea that renewable energy is not important. we are just saying we have to put together a total package that will increase

David Scott

0:18:01 to 0:18:12( Edit History Discussion )

David Scott: supply. [inaudible] >> he said the american people would reject that. >> any serious proposal to deal with for dollar gasoline prices has to include finding more american energy. senator reid is not

David Scott

0:18:12 to 0:18:23( Edit History Discussion )

David Scott: willing to do that. i think the american people would run us out of town if we did not insist that the senate have a serious discussion about a serious proposal. any serious proposal has to have a supply

David Scott

0:18:23 to 0:18:35( Edit History Discussion )

David Scott: as well as the man. we have to find more american energy. [inaudible] >> i could answer yes or no, but i will not because i' m not the republican leader. what i have laid out today is my position that

Michael C. Burgess

0:18:35 to 0:18:46( Edit History Discussion )

Michael C. Burgess: any serious proposal to deal with expensive gasoline has to include more as well as less, and harry reid has offered have a solution or a road block. we urge him to offer more. we will have to talk

Michael C. Burgess

0:18:35 to 0:22:57( Edit History Discussion )
Speech By: Michael C. Burgess

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid