[Congressional Record Volume 154, Number 74 (Tuesday, May 6, 2008)]
[House]
[Page H3054]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
[[Page H3054]]
NON ENERGY POLICY
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Texas (Mr. Poe) for 5 minutes.
Mr. POE. Mr. Speaker, as gasoline prices soar, as our truckers are
about to sit on the side of the road because they can't get enough
money to buy fuel for those diesel trucks that they're driving up and
down our highways to deliver goods, people are wondering, how did we
get here?
Well, there are several reasons how we got in this mess, and Congress
is partly to blame. First of all, we had this theory that ethanol is
going to save us all, so we subsidized the production of ethanol. What
that has done is drive food prices up around the world, because in the
United States, instead of eating corn or letting it go to feed our
beef, we're burning it in our vehicles, and that's caused world food
prices to go up, not just in the United States but all over the world.
Costco and Sam's Club are now rationing rice. Who would have thought
in this year, 2008, in America we can't buy rice because we're tilling
up our soil and burning crops. We're also finding out that ethanol
can't save us all because, promised to be a nonpollutant, that's wrong.
Science Magazine has now reported that ethanol causes more pollution
than that nasty old crude oil that we produce. There are a lot of
reasons for that. One of those reasons is because it takes a lot of
fertilizer to produce corn, and that fertilizer runs down the
Mississippi River. And when it gets down in the Gulf of Mexico that
nitrogen in the fertilizer kills everything, except algae, and that is
called a dead zone. Dead, because nothing is there except algae.
So what we ought to do is quit the subsidies to ethanol. Let the
world market handle whether we should use ethanol or not and stop those
subsidies.
The second thing that's a problem but we don't talk much about is the
value of the American dollar gets less and less on the world market.
It's less this week than it was last week. Why? Because the Federal
Reserve doesn't regulate the dollar. It regulates interest rates. Well,
maybe that isn't just what the Constitution says. When in doubt,
sometimes we ought to just read the Constitution. It says Congress has
the responsibility ``to coin money and regulate the value thereof.'' We
have the responsibility to set the price on the dollar and we should do
so. Stabilize the dollar so it doesn't cost us more to buy gasoline
every week. That is our responsibility and we can't pass it off to
someone else.
Third. The crude oil supply in the United States, which we still
drive our cars based upon crude oil production, is getting less. It's
an economic fact that third graders learn--the less supply you have,
the higher rate of cost. And, of course, those oil companies that
everybody wants to punish, the American oil companies only control 10
percent of the world market. Foreign countries, foreign dictators like
Chavez down there in Venezuela and OPEC, they set the price on crude
oil in the world, not American oil companies. So we need to take care
of ourselves.
Now here's a map, Mr. Speaker. We drill off the coast of Texas, where
I'm from, we drill off Louisiana and part of Mississippi and Alabama.
But you see all these red zones here? Even off the sacred coast of
California, there's crude oil out there and we can drill for crude oil
but this Congress won't let us take care of ourselves. Why? Because the
environmental lobby is so strong in this Congress that they have had
fear tactics that prevent us from drilling here, off the east coast,
and way up here in ANWR in Alaska. Open up the Outer Continental Shelf
and start drilling.
You might be interested to know right here off of Florida, 47.5
miles, there's a new rig going out there and it's built by the Chinese
and the Cubans because there's an oil field out there. But we won't
drill there.
So we need to drill offshore. And we need to let our refineries
produce more. They're producing all they can and because they can only
produce so much, we're importing gasoline into this country for the
first time, or one of the first times in our history.
We haven't built a new refinery in 30 years. Why? Silly environmental
restrictions. Nobody wants pollution, but we need to get back to common
sense and let our refineries refine.
Right here where I represent in southeast Texas, most of the
refineries for this country are right there. Produces 22 percent of the
Nation's jet fuel.
Now let's talk about jet fuel. This Congress passed a bill recently
that says we cannot explore or take crude oil out of the tar sands in
Canada. Canada is one of our biggest importers of crude oil.
Now what does that mean? That means because the crude oil is in the
sand, we can't take it into the United States. Well, who uses that? The
United States Air Force turns that into jet fuel. Doesn't anybody
understand we're at war? Our airplanes need to be flying. But because
of this Congress, they cannot import that. And now where are we going
to get our jet fuel to fuel the Air Force? Silly restriction passed by
this Congress. So let's remove that restriction as well.
Some people say, Well, let's tax those mean old oil companies. We'll
show them. Also, we'll tax people to drive. Let me tell you something.
That idea is to punish people who drive. Now where I live, down here in
southeast Texas, we don't have any subways. Nobody rides a choo-choo
train to work. The closest subway is in Dallas, 250 miles away. They
drive pickup trucks because they work the land, they farm the land, and
they can't buy the diesel fuel to run their trucks.
So here are some ideas, Mr. Speaker, that we ought to do and change
the policy that this Congress has implemented.
And that's just the way it is.
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