OPEC WOULD SUPPORT DEMOCRATS' ENERGY BILL -- (House of Representatives - September 16, 2008)
(Mr. SCALISE asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. SCALISE. Mr. Speaker, for months we've been talking about the need to address this national energy crisis that's facing our country that's hurting our economy. We've been talking about getting a bill on the floor like the American Energy Act that approaches this in a comprehensive way and addresses all of the issues.
But yet I rise today in strong opposition to this bill that the Democratic leadership filed in the dark of night with no discussion that they're going to bring up today and allow no amendments on. And let's look at why that bill is so bad.
First of all, it puts a permanent ban on 88 percent of the known Outer Continental Shelf reserves. That's billions of barrels of oil that we know right where they are, and yet there's a permanent ban on these reserves placed in this bill. That's something that OPEC would want because OPEC now would have even more leverage on us because they know that we would be taking off-limits 88 percent of our known reserves offshore.
If you look at the new taxes and the billions of dollars in new spending that they have that has nothing to do with energy, and yet Speaker Pelosi says we don't have money to give States their own fair share of royalty sharing because she knows that's a deal breaker that will lead to absolutely no drilling.
Mr. Speaker, I would attest to you that OPEC could not have drafted a better bill than what the Democrats filed in the dark of night.
We need to vote this down. The American people see through it. Bring up the American Energy bill. We have no time to waste.