Senate Proceeding on Jul 23rd, 2008 :: 3:18:09 to 3:20:52
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3:14:53 to 3:18:09( Edit History Discussion )
Speech By: Roger F. Wicker

3:17:49 to 3:18:09( Edit History Discussion )

Roger F. Wicker: senator from mississippi is recognized. mr. cochran: i thank my colleague for yielding. i'm pleased to join him an thank him for his remarks and leadership on thisn pressing concern. the department

3:18:09 to 3:18:31( Edit History Discussion )

Thad Cochran: of energy estimates that even with intensive conservation efforts in place and enforced, maintaining our economic growth through 2025 will require a 36% increase in energy supply. unfortunately over

3:18:09 to 3:20:52( Edit History Discussion )
Speech By: Thad Cochran

3:18:31 to 3:18:44( Edit History Discussion )

Thad Cochran: half of the oil we are now using is imported. imported from high-cost foreign sources. as demand rises and domestic supply is not increased to accommodate our own needs, we will be subject to the prices being

3:18:44 to 3:19:05( Edit History Discussion )

Thad Cochran: set by foreign countries. and. this is not just due to increases in demand from developed countries. the increase for petroleum is affected by the demand in emerging economies such as india and china

3:19:05 to 3:19:21( Edit History Discussion )

Thad Cochran: there are new pressures and new reasons why the cost continues to go up. in fact, between 2008 and 2030, it is expected that in china and in india, they will account for 70% of the increase in global

3:19:21 to 3:19:37( Edit History Discussion )

Thad Cochran: consumption. so what we're urging is not just to take the shortsighted look, the easy answer the majority party has put before the senate. but take a bold stance. come out for using more american energy,

3:19:37 to 3:19:50( Edit History Discussion )

Thad Cochran: not from expensive foreign sources. .we can develop our offshore resources in the gulf of mexico, for example, far from the coastline and add to our energy supply. that will bring down costs. we need

3:19:50 to 3:20:03( Edit History Discussion )

Thad Cochran: to do real things. we need to conserve more. we need to look for alternative sources. and there are plans in place and programs to do just that. what i'm saying s is we shouldn't give up. and that's

3:20:03 to 3:20:18( Edit History Discussion )

Thad Cochran: what this bill that's been brought before the senate does. it's a bill to surrender. surrender to the high cost of foreign oil and gas and we don't need to adopt it. there are better alternatives

3:20:18 to 3:20:35( Edit History Discussion )

Thad Cochran: and we're urging that we embracemb them. i appreciate the senator yielding. mr. wicker: mr. president, i have long supported the efforts to lift the t moratorium on energy exploration in the united states

3:20:35 to 3:20:52( Edit History Discussion )

Thad Cochran: and alaska's arctic national wildlife refuge, which we commonly refer to as anwr. and also on the outer continental shelf. now, a lot of us in washington, d.c., use the term anwr,nw and we bandy

3:20:52 to 3:21:08( Edit History Discussion )

Roger F. Wicker: it about and i -- i'm afraid that some people may not realize out in -- in grassroots america what anwr is. anwr is antarctic reserve that is the size of the state of south carolina. it is a vast, frozen

3:20:52 to 3:24:41( Edit History Discussion )
Speech By: Roger F. Wicker