The price at the pump is unfortunately continuing to climb, and the average price for a gallon of gas is now at $3.86. This is obviously creating a huge burden for Louisiana families.
Yet, instead of embracing common sense policies that could immediately ease some pain at the pump, the President's latest gimmick is a new task force to investigate the oil and gas markets.
Like you, I'm infuriated when I go fill up our mini-van. And like you, I know that real policy and real action is what we need to lower the price of gas -- not some new task force or commission.
That is why I recently introduced legislation -- 3-D: The Domestic Jobs, Domestic Energy, and Deficit Reduction Act of 2011. It would unleash our vast domestic energy potential to create American jobs, help free us from our reliance on foreign oil and begin to reduce our $14 trillion national debt. The 3-D Act speeds up the permitting process while ensuring the responsible development of our abundant domestic resources.
Here in Louisiana we know first-hand the importance of producing domestic energy, but the administration continues to drag its feet on issuing permits, keeping much of the Gulf of Mexico off limits for energy production.
In addition to introducing the 3-D Act, I have placed a hold on one of Obama's top Interior Department nominees until they issue at least 15 new deepwater exploratory permits. There were zero when I placed the hold; today there are 11. Once we reach the benchmark of 15, I'll continue pushing for more so we can reach and even exceed pre-oil spill production numbers.
Increasing domestic energy supply will bring down the price of gasoline, but first, we must dig our way out of the mountains of regulations under which the administration has buried the Gulf Coast energy project.
United States Senator