House Proceeding on Jul 17th, 2008 :: 4:39:20 to 4:41:15
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4:39:08 to 4:39:20( Edit History Discussion )

Nick J. Rahall: that public protection. be glad to yieldla -- yield -- - rahm need as minute. i yield the gentleman from illinois a minute. thspeaker pro tempore: the gentleman from illinois is recognized

4:39:20 to 4:39:31( Edit History Discussion )

Rahm Emanuel: for one minute. mr. emanuel: thank you very much for the time. you know, three years ago this summer, president bush signed into law in 2005 in august, july 28, you passed it here in the

4:39:20 to 4:41:15( Edit History Discussion )
Speech By: Rahm Emanuel

4:39:31 to 4:39:43( Edit History Discussion )

Rahm Emanuel: house, an energy bill which the president said at that time, i'm confident that one day the americans will look back on this energy bill as a vital step toward a more secure and prosperous nation

4:39:43 to 4:39:55( Edit History Discussion )

Rahm Emanuel: that is less depend -- dependent on foreign sources of energy. at that time, gas was $2.29 a gallon. by any measurement that legislation has failed. today it's $4.11 a gallon and our dependence

4:39:55 to 4:40:07( Edit History Discussion )

Rahm Emanuel: on foreign oil is greater now than it was then. what has happened here is we have provided the oil and gas companies $15 billion in subsidies of taxpayer money to drill. they're not drilling

4:40:07 to 4:40:20( Edit History Discussion )

Rahm Emanuel: on the 68 million acres. we have provided them 68 million acres on the lower 48 to drill. they are not drilling. so we have a simple thing. use it or lose it. get drilling. we agree that supply is

4:40:20 to 4:40:30( Edit History Discussion )

Rahm Emanuel: part of it. we also agree that efficiency is part of it. can i -- can the conferenc chairman -- mr. chairman, may i have an additional 30 seconds? mr. rahall: i yield 30 more seconds. mr.

4:40:30 to 4:40:40( Edit History Discussion )

Rahm Emanuel: emanuel: there are three parts of this. supply, efficiency and alternatives. when we increase the fuel efficiency of cars, we move on one of those. here we move on supply. we'd ask to

4:40:40 to 4:40:49( Edit History Discussion )

Rahm Emanuel: you join us so to make sure we have adequate supplies out there. there are 68 million acres to be drilled. and as majority leader said earlier, it's ironic on the day that we have the bill on

4:40:49 to 4:40:59( Edit History Discussion )

Rahm Emanuel: the floor, finally we're going to have two million acres opened up in alaska. this requires that there's an annual offering of more property up to be drilled. it doesn't have to only occur

4:40:59 to 4:41:15( Edit History Discussion )

Rahm Emanuel: when the congress puts a bill on the floor to threaten the administration that you finally move more supply to market. this is a comprehensive approach to solving the energy crisis that the country faces.

4:41:15 to 4:41:25( Edit History Discussion )

Nick J. Rahall: i yield back the balance of my time. >> i ask unanimous consent to extend the debate by two minutes equally divided. the speaker pro tempore: is there two minutes? mr. rahall: 10. the speaker