ALLARD PLEASED THAT ATTEMPT TO EXTEND OIL SHALE MORATORIUM FAILED WITH STIMULUS VOTE
September 26th, 2008 - Washington, D.C. - U.S. Sen. Wayne Allard (R-Colo.) made the following statement today after the Economic Stimulus Bill failed in the Senate with a vote of 52-42 (60 votes were needed). Senate Majority Leader Harry Reid had included an amendment to the stimulus package that would extend the Udall oil shale regulation moratorium for one more year.
"This Democrat controlled do nothing and drill nothing' Congress is out of touch with the people that put them in office," said Allard. "Earlier this week we saw the largest single day jump in oil prices in history. How do Democrats in Congress react? They attempt to extend the ill-conceived Udall moratorium on oil shale regulations. This places over 800 billion barrels of potentially recoverable oil out of reach; that's an energy source larger than the proven reserves of Saudi Arabia. The Democrat controlled Congress is completely ignoring the needs of our nation. This is not only unfortunate but also insulting to the American people who are struggling to pay these high fuel prices. This attempt is a clear sign that they would rather help the economy of foreign oil producers. Had this misguided moratorium continued it would have help Hugo Chavez stimulate his economy more than our own."