[Congressional Record Volume 157, Number 35 (Wednesday, March 9, 2011)]
[House]
[Page H1627]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   STOP WRONG-HEADED ENERGY POLICIES

  (Mr. BOUSTANY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. BOUSTANY. Mr. Speaker, this country has never had an energy 
strategy. And the only thing worse than not having an energy strategy 
is having an energy policy that is actually hurting our country, 
hurting American energy production and American workers, and making us 
more dependent on foreign oil. That is what the Obama administration is 
doing right now.
  Let's review the record. A moratorium on drilling in the Gulf of 
Mexico, hurting American energy production. A budget proposal that 
offers $50 billion in new taxes on independent, small energy companies 
working throughout the United States. Also, tax policy that is going to 
hurt large U.S. companies trying to compete for limited reserves around 
the world to meet U.S. energy needs. And finally, an attack on 
horizontal drilling because we have now found large reserves of oil and 
gas in our shale formations, and this administration is looking to shut 
all of that down.
  And then they come forward because the price of oil, the price of oil 
at $105 a barrel today, they now want to open up the Strategic 
Petroleum Reserve, which is supposed to be used in severe shortages. 
That is not an energy policy; that actually hurts our country.
  It is time to stop these wrong-headed policies that are hurting 
American energy production and hurting American workers.

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