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Wishful Thinking Won't Bring Down Gas Prices

Date: July 23, 2008
Location: Washington, DC
Issues: Oil and Gas


WISHFUL THINKING WON'T BRING DOWN GAS PRICES -- (House of Representatives - July 23, 2008)

(Mr. SMITH of Nebraska asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. SMITH of Nebraska. Madam Speaker, I say that wishful thinking on the part of Congress will not bring down gas prices. I truly believe, and evidence shows, that action to bring about more supply will bring down gas prices.

More supply perhaps from the Strategic Petroleum Reserve? Maybe, but not without replacing those reserves, and we know we can do that with Outer Continental Shelf drilling, as well as responsible, environmentally sensitive drilling in Alaska. We can do that.

Consumers will benefit, such as the single mom in my district who called and told me that a one-way drive to work so that she can feed her family is 40 miles, one way. There's no option of a subway. There's no option of public transportation. She has to pay for it. These gas prices are hurting her and her family.

And, Madam Speaker, we can do better. We must do better.


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