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Senate Proceeding on May 1st, 2008 :: 3:36:08 to 3:50:11
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John Rockefeller

3:35:48 to 3:36:08( Edit History Discussion )

John Rockefeller: officer: the senator from florida. mr. nelson: madam president, the statements by the senator from idaho with regard to the need for drilling has been articulate ed by a very respected columnist,

Bill Nelson

3:36:08 to 3:36:30( Edit History Discussion )

Bill Nelson: robert j. samuelson, who recently wrote his column published in "the washington post" that, in essence, said we ought to put oil rigs off the protected shores of florida and in the preserved wiles

Bill Nelson

3:36:08 to 3:50:11( Edit History Discussion )
Speech By: Bill Nelson

Bill Nelson

3:36:30 to 3:36:53( Edit History Discussion )

Bill Nelson: of alaska alaska. it is, -- again, we're going to hear statements sh as the senator from idaho, statements in the written press by mr. mr. samuelson, as gas prices are hitting record highs. we're

Bill Nelson

3:36:53 to 3:37:15( Edit History Discussion )

Bill Nelson: going to see the renewed push by the bush administration and by the oil industry to drill in areas that are protected, such as the gulf of mexico off of florida,s articulate ed by the senator from

Bill Nelson

3:37:15 to 3:37:33( Edit History Discussion )

Bill Nelson: idaho, as well as the area known as anwr, which is in the preserved wilderness of alaska. drilling right away in environmentally protected areas was the centerpiece of mr. mr. samuelson's solution to the

Bill Nelson

3:37:33 to 3:37:56( Edit History Discussion )

Bill Nelson: rise ing gas prices, and there's not a one of us in this chamber that doesn't want to do something about those gas prices prices. and what he said in his column was, to oppose drilling in those

Bill Nelson

3:37:56 to 3:38:16( Edit History Discussion )

Bill Nelson: protected areas, as indicate ed also by the senator who has just spoken, mr. samuelson said is, to oppose drilling in those protected areas, he said, is sheer stupidity. and he said, further, quote,

Bill Nelson

3:38:16 to 3:38:35( Edit History Discussion )

Bill Nelson: "it is a prejudice against oil companies." and i end his quote. now, that's the same thing the oil companies say every time that there is a spike in prices. they have their long-term remedy that

Bill Nelson

3:38:35 to 3:38:56( Edit History Discussion )

Bill Nelson: would expose these wilder wilderness areas and florida's beach and tourism-driven economy economy, our environmentally sensitive nature, as well as the military interests that i just asked the senator

Bill Nelson

3:38:56 to 3:39:15( Edit History Discussion )

Bill Nelson: from idaho to acknowledge, and they would put all of that at risk. it's these same oil companies that are now, because of the high price of gasoline, are going to make another end run very possibly

Bill Nelson

3:39:15 to 3:39:35( Edit History Discussion )

Bill Nelson: next week and try to bust the ban, the long- long-standing ban, on coastal drilling. and, of course, they're going to cite what they do every te that the oil prices spike high. they're going to

Bill Nelson

3:39:35 to 3:39:57( Edit History Discussion )

Bill Nelson: cite the high gasoline prices. i'm base ing my predictions of what's going to happen in the next couple of weeks, i'm basing this assertion on the oil industry's track record and on the comments made tuesday

Bill Nelson

3:39:57 to 3:40:17( Edit History Discussion )

Bill Nelson: by the president renewing his call for drilling, and i'm base ing it on the suggestions that we see in this newspaper column. and in advance of this likely new assault, this senator wants to make

Bill Nelson

3:40:17 to 3:40:45( Edit History Discussion )

Bill Nelson: clear that oil that is still deep in the ground has no direct link -- none -- to today today's pump prices. any oil in the ground won't be in the marketplace for another 10 years. and, more importantly,

Bill Nelson

3:40:45 to 3:41:05( Edit History Discussion )

Bill Nelson: no matter what anybody says or what anybody writes, the u.s. only has 3% of the world's oil reserves, while the u.s. consumes 25% of the world's oil production. in other words, it's really, to use

Bill Nelson

3:41:05 to 3:41:23( Edit History Discussion )

Bill Nelson: samuelson's term, "sheer stupidity" to think that the u.s. can somehow drill its way out of the energy crisis. we are a nation that's hooked on oil, and drilling along the florida shore or in wildlife preserves

Bill Nelson

3:41:23 to 3:41:45( Edit History Discussion )

Bill Nelson: won't break the habit. by the way, one of the main reasons that oil prices have gone up so sharply in recent years is the volatility of major producer nations such as iraq and iran, not even to mention

Bill Nelson

3:41:45 to 3:42:09( Edit History Discussion )

Bill Nelson: venezuela and nigeria. and history reflects similar spikes circa 1973 when an opec oil embargo relate ed to a war in the middle east, then again in 1979 with the iranian revolution revolution, again

Bill Nelson

3:42:09 to 3:42:31( Edit History Discussion )

Bill Nelson: in 1990 with iraq's invasion of kuwait in the first gulf war, and again since 2003 with the war in iraq concomenant with increasing asian demand. and so the common denominator in all these spikes

Bill Nelson

3:42:31 to 3:42:49( Edit History Discussion )

Bill Nelson: is fueled by the subsequent increase in oil speculation. the common denominator is the trouble in the middle east and especially in iraq and iran. more drilling along protected u.s. coasts, in base

Bill Nelson

3:42:49 to 3:43:06( Edit History Discussion )

Bill Nelson: and harbors bays and harbors and in the pristine which would wouldness of alaska won't stablize iraq and it won't guarantee saudi arabia's long- long-term friendship, nor will it end the unregulate ed speculation

Bill Nelson

3:43:06 to 3:43:25( Edit History Discussion )

Bill Nelson: that has driven the price of oil to more than $118 a barrel when the price should have been no more than $55 per barrel based on present supply and demand, according to an industry leader's testimony

Bill Nelson

3:43:25 to 3:43:47( Edit History Discussion )

Bill Nelson: before congress. and that means that the law of supply and demand has been broken, and we're paying at least $63 per barrel over and above what supply and demand would produce of $55 a barrel. we're

Bill Nelson

3:43:47 to 3:44:09( Edit History Discussion )

Bill Nelson: paying that extra $63 a barrel to enrich investment bankers, speculators, and oil companies. so, as mr. samuelson says in his column, what to do? well, the u.s. failed in the 19 1970's to enact a real energy

Bill Nelson

3:44:09 to 3:44:29( Edit History Discussion )

Bill Nelson: program to get us off oil, and the result, it's brazil that runs on ethanol today, not the u.s. and germany leads the world in sor power, not the u.s. in the meantime, oil companies are awash in

Bill Nelson

3:44:29 to 3:44:45( Edit History Discussion )

Bill Nelson: record profits, more than $15 billion in profit 5 billion in profits alone last year, and at the same time not spending enough on refineries or alternative energy, while guess who is gating it in the neck?

Bill Nelson

3:44:45 to 3:45:10( Edit History Discussion )

Bill Nelson: the consumers -- who's getting it in the neck? the consumers at the pump. and, even worse, it took the u.s. more than 30 years to raise mileage standards on cars and trucks to a paltry 35 miles

Bill Nelson

3:45:10 to 3:45:32( Edit History Discussion )

Bill Nelson: per gallon, sometng that won't even be in effect until the year 2015, and isn't it interesting that most of europe and the cars u.s.-based manufacturers sell there already average 43 miles per

Bill Nelson

3:45:32 to 3:45:58( Edit History Discussion )

Bill Nelson: gallon? in japan, the cars are a approaching 50 miles a gallon.| in other words, we are wasting -- flatout wasting -- billions and billions of gallons of oil. so again, what are we to do? well, about

Bill Nelson

3:45:58 to 3:46:18( Edit History Discussion )

Bill Nelson: half of the oil we consume goes into transportation. it shouldn't take a rocket scientist to realize that's where we ought to focus. so first, if we start to enact serious conservationeasures and things

Bill Nelson

3:46:18 to 3:46:33( Edit History Discussion )

Bill Nelson: like 40 miles per gallon mandate for the fleet acknowledge of our personnel vehicles; and if we provide greater tax breaks for hybrid cars and ultimately, hydrogen-powered and electric-powered cars,

Bill Nelson

3:46:33 to 3:46:51( Edit History Discussion )

Bill Nelson: then we'll start making a difference. second, the government, our government, led by our next president, is going to have to enact and subsidize a national energy program to transform us from our

Bill Nelson

3:46:51 to 3:47:05( Edit History Discussion )

Bill Nelson: energy dependence on oil, especially foreign oil, to alternative and synthetic fuels to power were of the transportation sector. members of the senate, it has been done before. remember in the

Bill Nelson

3:47:05 to 3:47:24( Edit History Discussion )

Bill Nelson: 1960's, president kennedy led us to conquer the bunds bounds of earth, to go to the moon and return and all of that occurred within a decade. so we've got to act with the same urgency. while we're

Bill Nelson

3:47:24 to 3:47:48( Edit History Discussion )

Bill Nelson: at it, we're going to have to make ethanol -- ethanol that we will make from things that we don't eat so we don't reduce our food supply. while we're at that, we're also binge to have to pay attention to

Bill Nelson

3:47:48 to 3:48:05( Edit History Discussion )

Bill Nelson: how we power not just our cars and our trucks but our homes and our industry. we're going to need to develop solar and wind and thermal energy and hydroelectric and, who knows the advances of

Bill Nelson

3:48:05 to 3:48:25( Edit History Discussion )

Bill Nelson: technology in harnessing renewable energy sources. and we're going to have to look to nuclear for safer power. this is what our presidential candidates ought to be hearing and ultimately, before this election,

Bill Nelson

3:48:25 to 3:48:45( Edit History Discussion )

Bill Nelson: they ought to be making a pledge to the american people that they're going to do this. in the 10 years going forward that it would take to bring in new oil wells fully to market, in that 10 years, if

Bill Nelson

3:48:45 to 3:49:01( Edit History Discussion )

Bill Nelson: we are good stewards of what we have, we will have conserved more oil than we ever get out of the ground and we'll be mostly free from foreign oil by enacting this energy plan. our future will not

Bill Nelson

3:49:01 to 3:49:31( Edit History Discussion )

Bill Nelson: be realized by looking backward to the short-term polluting and dirty energy solutions of the last century, solutions that they still offer for the future, solutions by people that don't want

Bill Nelson

3:49:31 to 3:50:11( Edit History Discussion )

Bill Nelson: to change their ways -- like oil companies. so should we start drilling right now in viewl licensive -- environmentally sensitive areas? that's shear stupidity. madam president, i yield the floor. and

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