[Congressional Record (Bound Edition), Volume 154 (2008), Part 9]
[House]
[Pages 12167-12168]
[From the U.S. Government Publishing Office, www.gpo.gov]




     THE SECRET RESOURCES OF INTELLECTUAL CAPITAL, CREATIVITY, AND 
                               INNOVATION

  (Mr. INSLEE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. INSLEE. Mr. Speaker, I am so pleased my friend, Mr. Boehner, made 
reference to the idea of ``promoting our resources,'' a quote from 
Daniel Webster.
  What is the single resource that America has, the only resource that 
America has that can really bring down the price of fuel and break our 
addiction to Middle Eastern oil? There is one secret resource that we 
can promote. And that is the resource of intellectual capital, 
creativity, and innovation. We know that just poking more holes in the 
ground cannot solve this problem. We have got 25 percent of the world's 
oil. We have 3 percent of the oil in our land.
  What can solve this problem is innovation, innovation like the A123 
Battery Company in Boston that is going

[[Page 12168]]

to allow us to drive electric cars, Phoenix Motorcars, Inc., that is 
going to have an electric car that will get 100 miles just on an 
electrical charge, the Sapphire Energy Company that has developed a 
gasoline from algae-based sources. We need to develop the resource of 
intellectual capital.
  The optimists on this side of the aisle are doing that. The 
pessimists on this side of the aisle want to remain addicted to 
gasoline. That is a path that is doomed to failure. Let's be optimists 
and solve this problem.

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