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Senate Proceeding on May 1st, 2008 :: 6:32:09 to 6:41:56
Total video length: 9 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Jeff Bingaman

6:08:59 to 6:32:09( Edit History Discussion )
Speech By: Jeff Bingaman

Jeff Bingaman

6:31:51 to 6:32:09( Edit History Discussion )

Jeff Bingaman: the roll. quorum call: a senator: madam president? the presiding officer: the senator from texas is recognized. a senator: madamresident, i would ask unanimous consent that the quorum call be rescinded.

John Cornyn

6:32:09 to 6:32:28( Edit History Discussion )

John Cornyn: the presiding officer: without objection, so ordered. mr. cornyn: madam president, today marks more than two years or, by my count, 738 days since speaker pelosi said that democrats have a commonsense

John Cornyn

6:32:09 to 6:41:56( Edit History Discussion )
Speech By: John Cornyn

John Cornyn

6:32:28 to 6:32:49( Edit History Discussion )

John Cornyn: plan to help bring down skyrocketing gas prices. that was april 24, 2006. 738 days. well, during that time i think it's important to look at what's happened to the price of gas and to see whether

John Cornyn

6:32:49 to 6:33:05( Edit History Discussion )

John Cornyn: her predicts was correct. and lo and behold, we find the average price of a gallon of gasoline at $3.62. up from just the time when speaker pelosi became speaker in january of 2007, a rise from $2.33

6:33:05 to 6:33:21( Edit History Discussion )

a gallon to $3.62 a gallon. and i would tell had you that we have been asking and waiting and the american people have been waiting and watching to see what congress is going to do to help relieve

John Cornyn

6:33:21 to 6:33:38( Edit History Discussion )

John Cornyn: some of this pain at the pump. the american people want us to work together to try to find commonsense solutions to help them with thin creasing pain -- them with this increasing pain that they're

John Cornyn

6:33:38 to 6:33:52( Edit History Discussion )

John Cornyn: feeling with the family budget. taking the difference between $2.33 a gallon and $3.62 a gallon represents roughly a $1,400, that is a $1,400 increase in the cost of gasoline for the average american

John Cornyn

6:33:52 to 6:34:08( Edit History Discussion )

John Cornyn: family. and, of course, i don't have to tell anybody here or anybody listening that this is necessary for driving the kids to school, driving to work. it's necessary for -- to provide the fuel for the

John Cornyn

6:34:08 to 6:34:23( Edit History Discussion )

John Cornyn: airplanes that americans fly in. this is an american problem and, mr. president, i would suggest that we need to come up with an american solution. the problem has been that about 60% of our energy needs

John Cornyn

6:34:23 to 6:34:44( Edit History Discussion )

John Cornyn: in this country are now sisfied by imported oil and gas from other parts of the world. that is a national security challenge. because, of course, to the extent to which others supply our energy needs,

John Cornyn

6:34:44 to 6:35:01( Edit History Discussion )

John Cornyn: it means that they could turn off the spic rot. if hostilities were to occur, there could be an economic body blow to the united states as a result of the retricks on our energy supply. -- restriction

John Cornyn

6:35:01 to 6:35:14( Edit History Discussion )

John Cornyn: on our energy supply. we need to recognize that there are certain things that are irrefutable or, i should say, maybe unchangeable by congress. we can pass a lot of laws, repeal laws, but we can't

John Cornyn

6:35:14 to 6:35:30( Edit History Discussion )

John Cornyn: change the law of supply and demand. an try as we might, congress has rejected that. while we have done good things on conservation, passing fuel efficiency standards recently. we also supported renewable

John Cornyn

6:35:30 to 6:35:44( Edit History Discussion )

John Cornyn: fuels, which are an important part of the energy supply. but you can't put wind energy in your tank to drive your kids to school. we need to recognize that -- that with a fixed supply of oil, which

John Cornyn

6:35:44 to 6:35:58( Edit History Discussion )

John Cornyn: is 70% of the price of gasoline, that we are competing globally with countries like china and india rising economies where people want a better quality of life, and they realize one key to a good

John Cornyn

6:35:58 to 6:36:16( Edit History Discussion )

John Cornyn: quality of life is affordable energy. america has had that pretty much not exclusively, but to ourselves here, and others want what we have. have, which is a good quality of life and a good standard

John Cornyn

6:36:16 to 6:36:30( Edit History Discussion )

John Cornyn: of living, and that comes with affordable energy. so what are we going to do with satisfying the laws of supply and demand? of course, we know that congress is the primary culprit when it comes to obstructing

John Cornyn

6:36:30 to 6:36:43( Edit History Discussion )

John Cornyn: access to american natural resources. i remember growing up that we would talk about different countries in school. and talk about how some were blessed with a bun can't natural resources -- abundant

John Cornyn

6:36:43 to 6:36:57( Edit History Discussion )

John Cornyn: natural resources and that was a good thing. because the citizens of that country could use that natural resource to enhance their quality of life and in this case provide for affordable energy.

John Cornyn

6:36:57 to 6:37:11( Edit History Discussion )

John Cornyn: but we have simply by our inaction, and i would say to the extent -- the extent it apply, we have actually acted affirmatively to place our natural resources out of bounds in a way that will --

John Cornyn

6:37:11 to 6:37:24( Edit History Discussion )

John Cornyn: that has exacerbated and not solved the problem. now, i know how popular it is these days to say, well, it's all big oil. you know, it's their fault. the blame game. and then we have people saying,

John Cornyn

6:37:24 to 6:37:45( Edit History Discussion )

John Cornyn: we need another investigation. well, the blame game and investigations is important as investigations and oversight is for congress is not producing a single drop of additional energy. and we need to

John Cornyn

6:37:45 to 6:38:06( Edit History Discussion )

John Cornyn: do that and we need to act today. well, just a moment ago a group of senators announced an omnibus appropriation -- excuse me energy bill that would satisfy america's need for more american solutions

John Cornyn

6:38:06 to 6:38:19( Edit History Discussion )

John Cornyn: to our energy supply. my hope is that by taking advantage, for example, of the million barrel a day capacity of alaska, that that could supply. by taking advantage of the outer continental shelf like

John Cornyn

6:38:19 to 6:38:35( Edit History Discussion )

John Cornyn: we have in the gulf of mexico, the vast oil deposits there, by taking advantage of our abundant natural resources in the form of oil, shale in the west, we could relieve our dependence on imported oil

John Cornyn

6:38:35 to 6:38:51( Edit History Discussion )

John Cornyn: into this country to the tune of some three llion barrels a day. i know that there are environmental and safety concerns with developing our oil and gas resources right here at home, but i would just invite

John Cornyn

6:38:51 to 6:39:08( Edit History Discussion )

John Cornyn: -- invite the people who are concerned about that and who do not believe we can do so to come to fort worth and to see the barnett shale, which is an abundant, plentiful source of natural gas being

John Cornyn

6:39:08 to 6:39:23( Edit History Discussion )

John Cornyn: developed right in the city of fort worth. as a matter of fact, if you fly into d.f.w. airport, you will see drilling rigs on the airport property and the tract of land in alaska that will be explored

John Cornyn

6:39:23 to 6:39:40( Edit History Discussion )

John Cornyn: and used for producing this million a barrel a day plus oil that's located in the arctic, is going to be on a postage-stamped sized piece of property. and i see the distinguished ranking member of

John Cornyn

6:39:40 to 6:39:55( Edit History Discussion )

John Cornyn: the energy committee here. i was saying, senator domenici, that the area of fort worth is drilling gas right at d.f.w. airport, you can see the drilling rigs there i would suggest if you can produce

John Cornyn

6:39:55 to 6:40:11( Edit History Discussion )

John Cornyn: the natural resources in texas and in fort worth and on the d.f.w. airport property, we can do it in america, and america's energy producers can do it in alaska. well, you know, people are concerned,

John Cornyn

6:40:11 to 6:40:26( Edit History Discussion )

John Cornyn: a they should be concerned, and i wish they would actually act on those concerns and not just complain about it. $120 a barrel for oil. it has been projected if we simply take advantage of the natural

John Cornyn

6:40:26 to 6:40:42( Edit History Discussion )

John Cornyn: resources that god has blessed us with in the arctic, we could produce oil there which costs roughly $55 a barrel. $120 a barrel or $55 a barrel, you pick. if we're talking about developing oil resources

John Cornyn

6:40:42 to 6:40:55( Edit History Discussion )

John Cornyn: from the outer continental shelf even beyond the horizon as we did on lease sale 181 in the gulf of mexico. it is 300 miles off the coast of texas. you can't even see it. but, yet, we have a way of

John Cornyn

6:40:55 to 6:41:06( Edit History Discussion )

John Cornyn: producing those abundant resources. if congress will simply quit the blame game, quit the finger pointing and wake up to the fact that the american people are feeling pain not only at the pump,

John Cornyn

6:41:06 to 6:41:20( Edit History Discussion )

John Cornyn: but in their family budgets, and they're looking to congress to get out of the way and to let the american people produce the natural resources we've been blessed with in a way which will satisfy the

John Cornyn

6:41:20 to 6:41:56( Edit History Discussion )

John Cornyn: laws of supply and demand by producing as much as three million barrels of additional oil which will then have a dramatic impact at the pump and help american families meet their energy needs at

Pete Domenici

6:41:56 to 6:42:06( Edit History Discussion )

Pete Domenici: a reasonable price. the presiding officer: the senator from new mexico is recognized. mr. domenici: i didn't hear the senate from texas say that he was finished. mr. cornyn: i yield the floor. mr.

Pete Domenici

6:41:56 to 6:59:06( Edit History Discussion )
Speech By: Pete Domenici

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