[Congressional Record Volume 154, Number 84 (Wednesday, May 21, 2008)]
[House]
[Page H4329]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           SUPPLY AND DEMAND

  (Mr. CONAWAY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CONAWAY. Mr. Speaker, the New York Times today has got an article 
predicting $200 a barrel for crude oil in the not-too-distant-future. 
The laws of supply and demand, the economic law of supply and demand 
works. This House, led by this majority, has passed bill after bill 
after bill whose intent and whose implication is to increase the costs 
to generate energy, whether its electricity or gasoline. Those policies 
specifically demand higher prices. If there was a cheaper way to 
generate electricity or drive our cars, we would already be using those 
cheaper methods.
  So the policies are to raise the prices, and the twisted logic is 
they then come down here and speaker after speaker gripes and complains 
about those exact high prices, which is the direct result of what their 
policies are putting in place.
  Yesterday, in a staggering twist of illogic, is to pass, as a part of 
that bill that was passed yesterday, to unleash our Department of 
Justice on the very producers that we are trying to incent to produce 
more crude oil and natural gas on an unfettered witch hunt that will 
cost millions and millions of dollars and result in absolutely zero.
  It's wrong policy. The American people need to speak up.




                          ____________________