[Congressional Record (Bound Edition), Volume 151 (2005), Part 13]
[House]
[Pages 17756-17757]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      ENERGY BILL IS SUBSIDY FEST

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, the Wall Street Journal yesterday: It is 
bad enough that the energy bill has become a subsidy fest that will 
raise gasoline prices in more places than it reduces them, and they go 
on from there.
  The so-called energy policy to be adopted tomorrow will raise prices 
at the pump for American consumers, it will increase our dependence, 
and this is from the Bush administration's own projections over the 
next 20 years on foreign oil, on Saudi Arabia and those other wonderful 
folks in the Middle East.
  It will do nothing to mandate increases in fuel efficiency so 
American consumers will have better choices. It will not fund any 
significant amount of money for alternative fuel research or

[[Page 17757]]

alternative technologies, or transitional technologies to move us to 
energy self-sufficiency.
  Finally, guess what? We are going to write the American people a bill 
for this piece of work. The American people are going to be asked to 
borrow $15 billion and give it as a gift to the suffering oil, gas, and 
coal industry, those who have cash reserves that exceed the subsidy 
that they are about to get.

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