THE BUSH-CHENEY ENERGY PLAN -- (House of Representatives - December 05, 2007)
(Mr. DeFAZIO asked and was given permission to address the House for 1 minute.)
Mr. DeFAZIO. Madam Speaker, the so-called Bush-Cheney energy plan was developed in secret, and it was developed in secret because it was disastrous for America. It would have been bad policy for the 1950s based on subsidies for the oil, coal and gas industry, dig, drill and burn, but it was a total embarrassment and disaster for 21st century policies. Today we have a chance to reverse that, to put in place a modest renewable portfolio, but the Republicans object to renewable portfolios; to put in place a mandate on increased fuel economy, which the American people would dearly love to have more efficient vehicles, but the Republicans object to that; and investment in new technologies and new sustainable fuels to take us to energy independence, to free us from the thrall of being subject to Chavez and the Saudis and others, but the Republicans object to that too. And we would pay for it by stripping the wildly profitable oil and gas industry of some tax subsidies from the American people, and the Republicans object to that too. But despite their objections, we are going to establish a new energy direction sustainable for this country.