Senate Proceeding on Jun 26th, 2008 :: 2:39:39 to 2:42:51
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2:30:19 to 2:39:39( Edit History Discussion )
Speech By: Richard Durbin

2:39:24 to 2:39:39( Edit History Discussion )

Richard Durbin: presiding officer: the senator from wisconsin. mr. kohl: : i rise to ask unanimous consent the senate take up the oil producing and exporting act to authorize our government to take action against

2:39:39 to 2:39:51( Edit History Discussion )

Herb Kohl: the illegal conduct of the opec oil cartel. it is time for the u.s. government to fight back on the price of oil and hold opec accountable when it acts illegally. our amendment will hold opec member nations

2:39:39 to 2:42:51( Edit History Discussion )
Speech By: Herb Kohl

2:39:51 to 2:40:05( Edit History Discussion )

Herb Kohl: to account when they agree to limit supply or fix price in violation of the most basic principles of free competition. this will all the tone general to file suit against nations that participate in

2:40:05 to 2:40:18( Edit History Discussion )

Herb Kohl: a conspiracy to limit the supply or fix the pre of oil. in addition, it will specify that the doctrines of sovereign immunity and act of state do not exempt nations that participate from antitrust law.

2:40:18 to 2:40:32( Edit History Discussion )

Herb Kohl: this legislationill not create any private right of action nor require any action by the -- require any action by the attorney general. it will simply give the administration the option to bring an antitrust

2:40:32 to 2:40:44( Edit History Discussion )

Herb Kohl: action against opec member nations. passage will mean that opec member nations face the possibility of real and substantial antitrust sanctions should they persist in their illegal conduct. i have introduced

2:40:44 to 2:41:00( Edit History Discussion )

Herb Kohl: this legislation in each congress since 2000. this legislation passed the full senate by a vote of 70-23 last june. as an amendment to the energy bill before being stripped from that bill in conference.

2:41:00 to 2:41:16( Edit History Discussion )

Herb Kohl: the identical house version passed the other body as stand-alone legislation in may of 2007 by an overwhelming 345-72 vote. it is now time for us to at least pass this legislation into law, give

2:41:16 to 2:41:26( Edit History Discussion )

Herb Kohl: our nation a long listen needed cool to counteract thisis anticonsumer conspiracy. the most fundamental principle of a free market is competition cannot limit supply or fix price. there can be no free market without

2:41:26 to 2:41:41( Edit History Discussion )

Herb Kohl: this dpowtion. we should not p any -- without this foundation and we should not p any nation to flout this. the suffering of consumers across the nation in the last few years has made me more certain

2:41:41 to 2:41:59( Edit History Discussion )

Herb Kohl: than this legislation is necessary. when i first introduced it in june of 2000 the world-wide price of crude oil was $29 a barrel. now it is more than $135. how much longer must consumers wait for

2:41:59 to 2:42:09( Edit History Discussion )

Herb Kohl: us to take action? i believe we need to take action now. so, mr. president, i ask unanimous consent the senate proceed to the consideration of calendar no. 169, h.r. 2264 at a time to be determined by the

2:42:09 to 2:42:24( Edit History Discussion )

Herb Kohl: majority leader following consultation with the republican leader and that the bill be considered under the following limitations: that no amendments be in order to the bill; that there be two hours

2:42:24 to 2:42:36( Edit History Discussion )

Herb Kohl: of debate with time equally divided and controlled between the leaders or their designees; that upon the use or yielding back of time the senate proceed to vote on passage of the bill without further with

2:42:36 to 2:42:51( Edit History Discussion )

Herb Kohl: no intervening action or debate. the presiding officer: is there objection? mr. domenici: i object. the presiding officer: the objection is heard. the senator from nevada. mr. ensign: mr. president, the

2:42:51 to 2:43:08( Edit History Discussion )

John Ensign: last few days we have been talking about the housing bill here and last night i got up to speak as i had the day before about an amendment i've been trying to get on to tnhe housing bill. i would like to

2:42:51 to 2:51:39( Edit History Discussion )
Speech By: John Ensign