[Congressional Record Volume 154, Number 105 (Tuesday, June 24, 2008)]
[House]
[Pages H5872-H5873]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   ENERGY FACTS VERSUS ENERGY FICTION

  (Mr. ISRAEL asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ISRAEL. Mr. Speaker, this morning I inaugurate energy facts 
versus energy fiction. Today's fact:
  In the spring of 2001, Vice President Cheney met with oil industry 
executives to develop a national energy policy. Then, before their 
policy was enacted the average price of a barrel of

[[Page H5873]]

oil was about $23. This morning, the price of a barrel of oil is almost 
$138. The policy did not work.
  Then, before their policy was enacted, the average price of a gallon 
of gas was about $1.46. This morning, at the Commack Mobil station in 
my district, the price of a gallon of regular gas is almost $4.29, 
almost tripled. The policy did not work.
  I am not saying that anybody is committing wrongdoing. I am just 
saying that people have pursued policies that have not worked.
  Today we will try again to get to the President's desk Congressman 
Bart Stupak's anti-price gouging bill. Today we present another 
solution, a different idea, a better way to bring down gas prices. I 
urge my colleagues to support it on a bipartisan basis, I urge the 
other body to support it, get it to the President's desk, and let's 
start protecting pocketbooks rather than oil company profits.

                          ____________________