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Senate Proceeding on Jul 23rd, 2008 :: 3:55:29 to 4:07:21
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Robert P. Casey, Jr.

3:44:56 to 3:55:29( Edit History Discussion )
Speech By: Robert P. Casey, Jr.

Robert P. Casey, Jr.

3:55:14 to 3:55:29( Edit History Discussion )

Robert P. Casey, Jr.: as more conservation. but before i do, i'd like to followup on the comments of my colleague from pennsylvania. because this housing bill that we have all worked on for quite some time now is hopefully

Mary Landrieu

3:55:29 to 3:55:49( Edit History Discussion )

Mary Landrieu: going to be passed by the house. the president has withdrawn his threatened veto. and it looks like this major piece of reform will finally come to pass. and i wanted to just to come to the floor

Mary Landrieu

3:55:29 to 4:07:21( Edit History Discussion )
Speech By: Mary Landrieu

Mary Landrieu

3:55:49 to 3:56:04( Edit History Discussion )

Mary Landrieu: and publicly thank chairman baucus and chairman grassley and chairman dodd for including in that bill before it left the senate, an extremely important provision for the state of louisiana and mississippi and

Mary Landrieu

3:56:04 to 3:56:18( Edit History Discussion )

Mary Landrieu: the whole gulf coast that would provide some significant tax relief to people who had received road home benefits based on the extent of their damage. whether they received a $20,000 grant or a $50,000

Mary Landrieu

3:56:18 to 3:56:33( Edit History Discussion )

Mary Landrieu: grant or a -- or capped at $150,000, to try to make them somewhat whole. this is not making people whole along the gulf coast, but if their insurance failed them or they were in a place that was

Mary Landrieu

3:56:33 to 3:56:46( Edit History Discussion )

Mary Landrieu: not a floodplain and didn't have insurance because they weren't in a floodplain, but lost everythi ng any way because of the m agnitude of these storms, we allowed them an opportunity for a grant to rebuild.

Mary Landrieu

3:56:46 to 3:56:58( Edit History Discussion )

Mary Landrieu: and it really is working. it's been very slow. it's been painful. the programs weren't established correctly initially, but both mississippi and louisiana are making great progress. but the problem was, mr.

Mary Landrieu

3:56:58 to 3:57:14( Edit History Discussion )

Mary Landrieu: president, these grants would have been taxable. putting people in a tax bracket they would have to write a check to the federal government for $5,000 or $15,000 or $20,000. it would be impossible

Mary Landrieu

3:57:14 to 3:57:25( Edit History Discussion )

Mary Landrieu: fo them to do that under these circumstances. so this bill has corrected that. they'll still have to pay, you know, regular taxes, but not on these road home grants. it is basically $1 billion of direct

Mary Landrieu

3:57:25 to 3:57:37( Edit History Discussion )

Mary Landrieu: relief to homeowners in the gulf coast. we could not be more grateful to the members, to, you, mr. president, and others that voted to include that. and particularly to the chairman. because i said if

Mary Landrieu

3:57:37 to 3:57:53( Edit History Discussion )

Mary Landrieu: any homeowners in america need help, not just the ones that were foreclosed o fn through no fault of their own, but most certainly the 300,000 homeowners that lost their homes because these storms

Mary Landrieu

3:57:53 to 3:58:06( Edit History Discussion )

Mary Landrieu: took everything they had. so we are very grateful for that help in housing. i want to speak about energy, if i could, for a minute. there have been a lot of charts and grafs put up here -- grafts

Mary Landrieu

3:58:06 to 3:58:23( Edit History Discussion )

Mary Landrieu: put up here. because this is a very dynamic and intense debate. there are legitimate issues on both sides. but i wanted to bring a new chart that i think can explain the situation at least much

Mary Landrieu

3:58:23 to 3:58:43( Edit History Discussion )

Mary Landrieu: more clearly. and the factsac are these: that in the united states here -- represented here in the green, of course, along the outer continental shelf, which is off of our shore, there is currently

3:58:43 to 3:59:01( Edit History Discussion )

now a moratoria of -- a congressional moratoria along the west coast, that is here; along the east coast from maine to the top of florida; and on the eastern side of the gulf. this goes out 200 miles from

Mary Landrieu

3:59:01 to 3:59:14( Edit History Discussion )

Mary Landrieu: state waters and it is now off limits to exploration. meanwhile here off the coast of canada, our neighbors, friendly neighbors are drilling right here off of their entire coast. i do not have

Mary Landrieu

3:59:14 to 3:59:29( Edit History Discussion )

Mary Landrieu: how much they're producing off of this coast, but it's substantial resources. right here in the gulf, off the coast of louisiana, mississippi, and texas, as you all know, we have a long tradition of believing

Mary Landrieu

3:59:29 to 3:59:49( Edit History Discussion )

Mary Landrieu: that natural resources actually belong to the public. and we should be exploring these resources for the benefit not just of our region, but for the nation. most of the oil and gas basically one-third

Mary Landrieu

3:59:49 to 4:00:04( Edit History Discussion )

Mary Landrieu: of the oil and gas of the nation is coming out of the shores of texas, louisiana, mississippi, and to some degree alabama, despite the no-drill zone or no exploration zone there off the florida.x

Mary Landrieu

4:00:04 to 4:00:22( Edit History Discussion )

Mary Landrieu: tpr-gally enough which is partly driving a change in this debate is this area right here, which is off the coast of cuba but very close to florida, is currently being leased for drilling by the

Mary Landrieu

4:00:22 to 4:00:39( Edit History Discussion )

Mary Landrieu: chinese, by european powers. so the fact is while we sit and lock up our resources off of our coast, china and europe are coming in and drilling closer to the land of the united states than we are

4:00:39 to 4:00:53( Edit History Discussion )

allowing ourselves to drill, which doesn't make sense. because what we need to do to get prices down is to increase the supply of oil and gas domestically and -- and -- significantly reduce our usage

4:00:53 to 4:01:08( Edit History Discussion )

of it by moving away from gasoline-only vehicles. it doesn't mean that we all have to move from big cars to tiny cars. it doesn't mean that our farmers have to give up our pickup trucks. it doesn't

4:01:08 to 4:01:25( Edit History Discussion )

mean that our big truck drivers have to park their big vehicles and sit on the side of the road. what it does mean is we can, through legislation, build new trucks, new cars, and new pickup trucks that

4:01:25 to 4:01:43( Edit History Discussion )

get 50 miles a gallon or 60 miles a gallon. and not just gallons of gasoline, but gallons of ethanol produced from corn or from sugar cane or cellulosic matters or fiber or waste, municipal waste. so

4:01:43 to 4:01:58( Edit History Discussion )

we need to look and see where we can drill safely in these places, drilling allowed right now in alaska but very limited. although it's allowed, it's limited. how we can accelerate this drilling.

Mary Landrieu

4:01:58 to 4:02:17( Edit History Discussion )

Mary Landrieu: and the great news is even though i support drilling in anwr, we don't have enough votes to do that. anwr represents this tiny dot. a dot. we shouldn't stop fighting about anwr and think about other

Mary Landrieu

4:02:17 to 4:02:31( Edit History Discussion )

Mary Landrieu: places in a bg that we could drill saefpl and open up exploration in limited places, providing a buffer zone for states and providing very strategic care. one myth that i want to correct today -- because

Mary Landrieu

4:02:31 to 4:02:48( Edit History Discussion )

Mary Landrieu: it is a rampant myth -- is that there is hardly any oil and gas off of our coast. people will come to the floor and say, "the senator is correct. this is off limits to exploration. the reason it is

Mary Landrieu

4:02:48 to 4:03:08( Edit History Discussion )

Mary Landrieu: is because there is no oil and gas there." that is not true. and i know that people are not purposely misleading, because they are citing statistics from old material. but i want to give you some

Mary Landrieu

4:03:08 to 4:03:30( Edit History Discussion )

Mary Landrieu: statistics that will prove my point. the estimates come from minimum walls management through the energy department -- from minerals management through the energy department. in 1985 -- in 1985, the

Mary Landrieu

4:03:30 to 4:03:46( Edit History Discussion )

Mary Landrieu: government was making estimates of what was in the gulf of mexico, and they said in 1985 that there were only 3 billion barrels of oil -- 4 billion barrels of oil in 1985 in the gulf. but when they

4:03:46 to 4:04:07( Edit History Discussion )

started drilling more and exploring more and using new technologies, we have now determined that there is 20 billion barrels of oil. so in 1985, the same group that's doing these estimates here, said

4:04:07 to 4:04:18( Edit History Discussion )

that in the gulf there was only 4 billion barrels. but after we did the right kind of exploration and tefgs, we actually found more than 20 billion. that was in 1987. in in -- so the idea is that

4:04:18 to 4:04:34( Edit History Discussion )

today if we would allow the inventory to take place, right now the estimates might be that there are only a few billion barrels. but based on the experience we have in the gulf of mexico, we know that

4:04:34 to 4:04:54( Edit History Discussion )

it is going to jump considerably. we are the only country, to my knowledge, in the developed world that has not even explored or taken an inventory of what the resources are. and, mr. president,

Mary Landrieu

4:04:54 to 4:05:08( Edit History Discussion )

Mary Landrieu: in those days we didn't have the kind of technology we have today. so we can use modern, 3-d seismic technology. and i'm going to suggest that we don't have to wait until 2030. we don't have to wait until

Mary Landrieu

4:05:08 to 4:05:21( Edit History Discussion )

Mary Landrieu: 2040. there is infrastructure in place now in this part of the gulf of mexico and could be established in some other places as well, to go after the oil and gas that's there that, this country needs

Mary Landrieu

4:05:21 to 4:05:30( Edit History Discussion )

Mary Landrieu: to increase our domestic supply. meanwhile, as you know -- and i know i've only got one more minute to close up. as you know, people from this chamber send letters overseas -- could i ask unanimous

Mary Landrieu

4:05:30 to 4:05:49( Edit History Discussion )

Mary Landrieu: consent for one more stph-pbt. the presiding officer: without objection, the senator is recognized for an additional minute. mi ms. landrieu: we keep sending letters overseas asking a everybody else to incre

Mary Landrieu

4:05:49 to 4:06:00( Edit History Discussion )

Mary Landrieu: tase production so they can send us oil and gas. yet, off of our own shore we have great resources of oil and gas that we must make a breakthrough and open up for exploration. soy know that my time

Mary Landrieu

4:06:00 to 4:06:14( Edit History Discussion )

Mary Landrieu: is wrapping up now. i want to come back to the floor and talk about the safety and new technologies. i'm just going to show one picture. this is what an offshore oil rig looks like. there's a platform

Mary Landrieu

4:06:14 to 4:06:29( Edit History Discussion )

Mary Landrieu: on top of the water which a lot of people haven't seen. yet, you can see these off the coasts of texas and louisiana. we like the way they look. it talks about money and independence. that is what

Mary Landrieu

4:06:29 to 4:06:58( Edit History Discussion )

Mary Landrieu: it means to us. it can be done quite safely. this is as blue as the water looks, lots of fish around these rigs. it really is down off the ocean floor. i wir.ll come back and talk aboukt the new

Mary Landrieu

4:06:58 to 4:07:06( Edit History Discussion )

Mary Landrieu: technologies thats allow to us drill safely. but i hope t ihe facts that i've shared, mr. president, help us to come to terms with opening up more resources here in the united states. and i yield the floor.

Mary Landrieu

4:07:06 to 4:07:21( Edit History Discussion )

Mary Landrieu: mr. roberts: mr. president? the presiding officer: the senator from kansas is recognized. mr. roberts: tha ur, mr. president. i are -- thank you, mr. president. i rise today withy colleagues to help

Pat Roberts

4:07:21 to 4:07:37( Edit History Discussion )

Pat Roberts: explain the crucial need for comprehensive action on the nation's most pressing domestic issue, as explained so eloquently by senator domenici -- and we all owe him a debt of gratitude for his leadership

Pat Roberts

4:07:21 to 4:14:49( Edit History Discussion )
Speech By: Pat Roberts

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