[Congressional Record (Bound Edition), Volume 157 (2011), Part 1]
[House]
[Page 137]
[From the U.S. Government Publishing Office, www.gpo.gov]




                     AMERICAN ENERGY, AMERICAN JOBS

  (Mr. MURPHY of Pennsylvania asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. MURPHY of Pennsylvania. Mr. Speaker, well, here we go again. 
Gasoline: $3, $4, and soon $5 a gallon. Oil at $100 a barrel. Yet 
America's offshore resources total more than 86 billion barrels of oil 
and 420 trillion cubic feet of natural gas, enough oil to replace 
imports from Saudi Arabia and Venezuela for the next 80 years. But the 
administration's moratorium says ``no'' to American oil and ``yes'' to 
OPEC.
  We don't have to buy hundreds of billions of dollars worth of oil 
from OPEC, borrow $900 billion from China, run a massive trade deficit 
or raise taxes. The revenues and leases from offshore exploration can 
bring up to $3.7 trillion in Federal revenue to slash our deficit, 
build clean power plants, clean up our air and water, increase 
renewables, and rebuild our crumbling highways and bridges--all while 
creating millions of jobs and trillions in economic output.
  I hope my colleagues will join me as I reintroduce the bipartisan 
American Conservation and Clean Energy Independence Act so we can work 
on securing America's prosperity and American jobs using American 
resources.
  Stop talking; start building.

                          ____________________