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Senate Proceeding on Jul 25th, 2008 :: 2:54:58 to 3:14:08
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Jim DeMint

2:45:08 to 2:54:58( Edit History Discussion )
Speech By: Jim DeMint

Jim DeMint

2:54:42 to 2:54:58( Edit History Discussion )

Jim DeMint: we're going to'r be here tomorrow becaus people are afrai pd to show t he american people what they stand for. with, tha t mr. president, i de yield back. mr. nelson:ls mr. president? thnte presiding officer:

Bill Nelson

2:54:58 to 2:55:12( Edit History Discussion )

Bill Nelson: the of senator from florida. mr. president, mr. nelson: mr. president, if we really wanted to solve this problem on energy, if we really wanted t soe the problem on health case, if we really wanted to

Bill Nelson

2:54:58 to 3:14:08( Edit History Discussion )
Speech By: Bill Nelson

Bill Nelson

2:55:12 to 2:55:31( Edit History Discussion )

Bill Nelson: solve the problem on housing, which we're finally going to get to final passage on the housing bill tomorrow dpaish we really wanted to do it and we -- tomorrow -- if we really wanted to do it and

Bill Nelson

2:55:31 to 2:55:45( Edit History Discussion )

Bill Nelson: when he the political will, we could. the problem is people can't get along with each expoar that is bein reflected in the two leaders not -- each other, and that is being reflected in the two leaders

Bill Nelson

2:55:45 to 2:56:00( Edit History Discussion )

Bill Nelson: not being able to get agreement on a unanimous consent which to operate in this senate it's necessary to have that kind of goodwill and mutual trust. and yet we don't have it. and so now someone who

Bill Nelson

2:56:00 to 2:56:17( Edit History Discussion )

Bill Nelson: is listening on tv or sitting up in the galleries right now and hearing the statements on this floor that are completely contradictory of each other. we've had statements on this floor over the last

Bill Nelson

2:56:17 to 2:56:33( Edit History Discussion )

Bill Nelson: several days, people say, for example, well, there's no problem drilling out in the waters off of the continental united states because we don't have any experience on oil spills now. as a matter

Bill Nelson

2:56:33 to 2:56:50( Edit History Discussion )

Bill Nelson: of fact, we've had senators on this floor that have said that there were no oil spills after hurricane katrina and rita. and, of course, i have pointed out the white house w itself, in coming out with

Bill Nelson

2:56:50 to 2:57:04( Edit History Discussion )

Bill Nelson: a report, "lessons learned" after hurricane katri na, came out in february of 2006, and i quoted at length from that document that pointed out over 7.4 7.4 million gallons of oil were spilled after

Bill Nelson

2:57:04 to 2:57:23( Edit History Discussion )

Bill Nelson: hurricane katrina. that's the white house's own report. but let me give you another example. we've -- we've had, including the republican leader, has said there were not a drop of oil was spilled after

Bill Nelson

2:57:23 to 2:57:39( Edit History Discussion )

Bill Nelson: hurricane katrina. i want to show s you a satellite photo. this is a noah photo four days after -- a noaa photo four days after hurricane katrina. this is the coast, the gulf coast. would you

Bill Nelson

2:57:39 to 2:57:56( Edit History Discussion )

Bill Nelson: like at the oil spills that are out there as a result of hurricane katrina, a category 3. and it was a category 4 at one point out in the gulf. what it's doing to those oil platforms? what do you

Bill Nelson

2:57:56 to 2:58:15( Edit History Discussion )

Bill Nelson: think all that is. that's oil. what do you think all of that is? it's oilment what do you think all that is? and that, and that and that and that? it's oil. i'm just pointingm out that people are

Bill Nelson

2:58:15 to 2:58:31( Edit History Discussion )

Bill Nelson: making extreme statements that have no basis in i truthut. and as a result, we're just getting ourselves so worked up into our own little positions that if we really wanted to, we could come

2:58:31 to 2:58:46( Edit History Discussion )

together and we could have a bill that could be part speculation,ul part drilling. there's still plenty of place out there to be drilled. and i'm not talking about just about the 68 million acres that are

2:58:46 to 2:59:03( Edit History Discussion )

under lease, under lease by the oil companies. public lands, the lands of the united states government, 6 million acres that are under lease to the -- 68 million acres that are under lease to the

Bill Nelson

2:59:03 to 2:59:17( Edit History Discussion )

Bill Nelson: oil companies that haven't been drilled. there are, out in the gulf of mexico, 32 million acres that have been leased and have not been drilled. now, this senator knows ws something about that becau ase

Bill Nelson

2:59:17 to 2:59:34( Edit History Discussion )

Bill Nelson: two years ago, we did a compromise to try to protect the interests of florida from a oil spill on our beaches, from oil spills in our delicate environmental estuaries that spawn so much of the marine

Bill Nelson

2:59:34 to 2:59:49( Edit History Discussion )

Bill Nelson: life in t gulf. indeed, to try protect the interests of the national security of the countryhe in keeping oilil rigs away from the military testing and training area, which is the largest testing and training

Bill Nelson

2:59:49 to 3:00:03( Edit History Discussion )

Bill Nelson: area for our u.s. military in the world. and so we struck a compromise. originally they wanted 2.5 million acres but it's headed on a line straight for tampa bay intersect the military mission -- intersecting

Bill Nelson

3:00:03 to 3:00:18( Edit History Discussion )

Bill Nelson: the military m ission area. instead, we worked out a compromise, they got four times as much. they got 8.3 million acres but we kept it away from the military testing and train aing area and kept it

Bill Nelson

3:00:18 to 3:00:39( Edit History Discussion )

Bill Nelson: away from the coast of florida. where that testing and training area is. we worked it out thn, two years ago -- we worked it outut then, two years ago, but now that's not enough even though none

Bill Nelson

3:00:39 to 3:01:00( Edit History Discussion )

Bill Nelson: of that 8.3 million acres has been drilled. now, this is just getting to gebe ridiculous in the amount of hyperbole and rhetoric and all the "the sky is falling, the sky is falling" when it would just

Bill Nelson

3:01:00 to 3:01:17( Edit History Discussion )

Bill Nelson: take that for us to come together. and to have a bill that would be be -- go after speculation,he unregulated speculation after the enron loophole was -- was opened that allows unregulated trading.

Bill Nelson

3:01:17 to 3:01:35( Edit History Discussion )

Bill Nelson: i've got commentary here -- i won't go through -- i've got three oil executives that have testified to the congress saying that normal supply and demand, one executive it says would have oil at

Bill Nelson

3:01:35 to 3:01:56( Edit History Discussion )

Bill Nelson: 60 bucks a barrel. another executive that says itt would be $50 to $55 a barrel. these are oil company executives if we were just operating by supply and demand in the world oil market. but it isn't.

Bill Nelson

3:01:56 to 3:02:10( Edit History Discussion )

Bill Nelson: it's up close to $130 a barrel. and so there are other factors that are contributing to that, and one of themm is unregulated speculation on these unregulated markets that bid that price up and up and up.

Bill Nelson

3:02:10 to 3:02:28( Edit History Discussion )

Bill Nelson: now, we can address that. we could address drilling in other parts of the gulf in addition to the 68 million acres of public lands. there are more public lands that you could drill in the central

Bill Nelson

3:02:28 to 3:02:48( Edit History Discussion )

Bill Nelson: gulf and the western gulf.~ if we really wanted to. but everybody wants to sit around here and fight. and the n we coulde do something really important. we could get serious about putting federal money

Bill Nelson

3:02:48 to 3:03:02( Edit History Discussion )

Bill Nelson: into research and development for alternative fuels and creating new engines and tapping the renewables such as sun and wind. we could really get serious about that. get serious like we finally

Bill Nelson

3:03:02 to 3:03:20( Edit History Discussion )

Bill Nelson: raised the miles per gallon. it only took us eight years that i've been in the senate to get where we were increasing miles per gallon on the fleet average of our cars. goodness gracious, look who's

Bill Nelson

3:03:20 to 3:03:35( Edit History Discussion )

Bill Nelson: in trouble in droivment it's not toyota and -- detroit. it's not toyota and other foreign manufacturers in foreign lands, they have 50 miles per hour standards in japan and in the high 40's in europe

Bill Nelson

3:03:35 to 3:03:52( Edit History Discussion )

Bill Nelson: it is not those automobile companies. it is the american automobile companie s that are in financial trouble because they have fought us the whole way on increasing miles per gallon. and those problems,

Bill Nelson

3:03:52 to 3:04:07( Edit History Discussion )

Bill Nelson: as we say back home, are like chickens coming home to roost. so we could do that if we just had the political will and would put our differences aside. now, on this issue of speculation that this

Bill Nelson

3:04:07 to 3:04:27( Edit History Discussion )

Bill Nelson: bill was turned down tnoday becauseec we can't get 60 votes to cut off debate to get to the speculation bill. i know senators on the other side are saying, well, they're not able to offer amendments.

Bill Nelson

3:04:27 to 3:04:45( Edit History Discussion )

Bill Nelson: but, again it can happen like that if we get together to offer a certain number of amendments and use the speculation bill that senators on that side have already spoken in favor of. if we wanted

Bill Nelson

3:04:45 to 3:05:02( Edit History Discussion )

Bill Nelson: to, we could get it done. now, we do need an additional law on speculation because when we tried to plug the loophole in the farm bill that was up several weeks ago, we didn't completely plug it and senator

Bill Nelson

3:05:02 to 3:05:19( Edit History Discussion )

Bill Nelson: reid has offered this leadership bill that reins in speculation by imposing limits to ensure that legitimate speculation doesn't get out of hand. it's a complicated approach, but it can get us

Bill Nelson

3:05:19 to 3:05:41( Edit History Discussion )

Bill Nelson: to we're need to be. i believe that there are some improvements thatov could be made to the bill. and if we really wanted to come to an agreement, we could have those amendments offered. if -- if

Bill Nelson

3:05:41 to 3:06:00( Edit History Discussion )

Bill Nelson: we pass a bill that allows speculators to evade limits of how much they can control, then we're going nobody the worst of all possible worlds, a bill that purports tort tamp down on speculation, but

Bill Nelson

3:06:00 to 3:06:19( Edit History Discussion )

Bill Nelson: fails to do so. wall street financiers and "the wall street journal" call the effort to shu down excessive speculation misguided and they say that the spiking price of a barrel of oil is just the market

Bill Nelson

3:06:19 to 3:06:43( Edit History Discussion )

Bill Nelson: telling us that demand exceeds supply. but ask yourself if that makes sense. when the saudis agreed to increase production, in other words increasing the supply, well, there wasn't any decrease in

Bill Nelson

3:06:43 to 3:07:03( Edit History Discussion )

Bill Nelson: the price of oil. and the price of oilth keeps on spiraling, and there's no evidence that dramatically increased demand is going to do anything but allow speculative money to pour in to the energy

Bill Nelson

3:07:03 to 3:07:23( Edit History Discussion )

Bill Nelson: futures markets. you know, we have had all of the c.e.o.'s of all of the various airlines come to see us. they wrote a letter to all the senators and said, "normal market forces are being dangerously

Bill Nelson

3:07:23 to 3:07:50( Edit History Discussion )

Bill Nelson: amplified by poorly regulated market speculation. the nation needs to pull together to reform the oil markets and solve the growing problem." now, that's the c.e.o. of every major airline. and what

Bill Nelson

3:07:50 to 3:08:12( Edit History Discussion )

Bill Nelson: do we hear in this debate? we hear drill here, drill now, pay less. an easy slogan is not going to solve it because it is cruelly misleading and deceitful. and so, mr. president, if we're really going to do

Bill Nelson

3:08:12 to 3:08:30( Edit History Discussion )

Bill Nelson: something, we're going to have to have the political way in a bipartisan way to get to the bottom of this. now, think about it. why in such a seductive argument about drill here, drill now, when, in fact,

Bill Nelson

3:08:30 to 3:08:47( Edit History Discussion )

Bill Nelson: there are 68 million acres that have not been drilled of public lands, what does that do for oil companies? the more leases of acres that they can have, the more reserves theyey can show in their

Bill Nelson

3:08:47 to 3:09:10( Edit History Discussion )

Bill Nelson: books, which is shown as an asset, which increases the value of the oil company. that, of course, is to their advantage. but unless we can get them to start drilling and show good faith that they

Bill Nelson

3:09:10 to 3:09:34( Edit History Discussion )

Bill Nelson: are going to drill on the 68 million acres ac that they have now, why is that the answer? well, it isn't. and that's, again, where we need the balanced approach. alternative fuels rein speculation.

Bill Nelson

3:09:34 to 3:09:54( Edit History Discussion )

Bill Nelson: drill where it's available now with existing permits. drill onshore, offshore.ff continue to work with our international partners, lessen our consumption of foreign oil by doing all of the above plus shifting

Bill Nelson

3:09:54 to 3:10:10( Edit History Discussion )

Bill Nelson: to alternative fuels with a vigorous research and development project of developing those alternative fuels and alternative motors. mr. president, i have had the privilege of being a part of one of this

Bill Nelson

3:10:10 to 3:10:25( Edit History Discussion )

Bill Nelson: nation's great accomplishments whenli a young president said in the midst of the cold war when we were -- looks like we were having our lunch being eaten by the soviet union because they were taking

Bill Nelson

3:10:25 to 3:10:42( Edit History Discussion )

Bill Nelson: the high ground in space, that a young president said, and we had not even flown john glenn in orbit, but that young president, president kennedy said, "we're going to the t moon and back in nine years."

Bill Nelson

3:10:42 to 3:11:04( Edit History Discussion )

Bill Nelson: if ever there's been an example le of a nation having a determination and coming together in a bipartisan way and focusing the political will on solving what seemed to be an insolvable task, and committing

Bill Nelson

3:11:04 to 3:11:19( Edit History Discussion )

Bill Nelson: the resources, that ishe example of how to do it. another example that i can think of is 1983, we were at a point in which social security was going to run out of funds within six -- six months.

Bill Nelson

3:11:19 to 3:11:29( Edit History Discussion )

Bill Nelson: social security was not going to be able to pay its bills.il and tanwo old o irishmen, one, the president of the united states, reagan, and the other one, the speaker of the house, tip o'neill, they got

Bill Nelson

3:11:29 to 3:11:45( Edit History Discussion )

Bill Nelson: together and they said we're going to solve this in a bipar itisan way. and we're going to put together a bipartisan b prestigious panel and they're going to come up with the recommendations of how

Bill Nelson

3:11:45 to 3:11:59( Edit History Discussion )

Bill Nelson: we can make social security actuarially sound and save it. and that's another one of the great examples where political leaders o f different parties came together in a bipartisann way and took that highly

Bill Nelson

3:11:59 to 3:12:20( Edit History Discussion )

Bill Nelson: volatile issue of social security off the table at the next election by saying, we're going to solve it. because we had the political will. we had the politicalit will in the apollo project goiapng

Bill Nelson

3:12:20 to 3:12:38( Edit History Discussion )

Bill Nelson: to the moon. we had the political will in 1983 to solve the social security crisis. if we had the political will in a bipartisan way to solve this energy crisis right now, right here, we could do it.

Bill Nelson

3:12:38 to 3:12:52( Edit History Discussion )

Bill Nelson: but you can't do it if the attitude is my way or the highway. you've got to do what this body is best adaptd to do -- acaptained to do. -- adaptd to do. as the good book says, "come, let us reason together

Bill Nelson

3:12:52 to 3:13:10( Edit History Discussion )

Bill Nelson: and let us work this problem out together the." so, mr. president, i'm tired of hearing all ofar this excessive rhetoric. i'm tired of hearing this rhetoric that does not display truth. i'm tired

Bill Nelson

3:13:10 to 3:13:26( Edit History Discussion )

Bill Nelson: of hearing, it's my way or no way attitude. our people out there want us to solve this problem not only for here and now for -- now, but for generations to come. mr. president, for example, since we

Bill Nelson

3:13:26 to 3:13:42( Edit History Discussion )

Bill Nelson: get in excess of 60% of our daily oil from foreign shores, can you imagine the disruption of any one of those foreign sources such as coming out of the persian gulf, such as, coming from nigeria,

Bill Nelson

3:13:42 to 3:14:08( Edit History Discussion )

Bill Nelson: such as coming from venezuela, all which are substantial percentages of our daily consumption of oil. can you imagine what that would do if it happened today or if it happened to our children our our

Ken Salazar

3:14:08 to 3:14:24( Edit History Discussion )

Ken Salazar: grandchildren? it's up to us to solve this. -- to solve this by coming together. mr. .president, i yield the floor. a senator: mr. president? the presiding officer: the senator from colorado. mr.

Ken Salazar

3:14:08 to 3:26:22( Edit History Discussion )
Speech By: Ken Salazar

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