ENERGY Speaker: Senator Tom Barrasso Publication: Congressional Record Date: 14 June 2022 |
Mr. BARRASSO. Madam President, I come to the floor as I see my colleagues debating issues related to energy, and I come to the floor to also debate and discuss the issue of energy and, specifically, the need of the American people for more energy. Because right now, America, in terms of energy, is running on empty. Gas prices have broken records day after day after day over the last several months. Inflation increased again last month to a new record 40-year high. Just this morning, we found out that inflation from producers is even higher than inflation for consumers. Wholesale prices are up by nearly 11 percent in the last year. That means higher prices for people who grow our food, who build our buildings, and who work so hard to keep the lights on. Inflation for producers means inflation for consumers tomorrow. After 13 months of this inflation crisis, there is still no light at the end of the tunnel. The average price of gasoline across the United States today is over $5 a gallon. That is a big number. We just heard colleagues discussing big numbers. Five dollars a gallon is a big number for anyone who is driving a gas-powered car or a diesel-powered car or truck in America. Gas prices are at an alltime high in all 50 States, and there is no end in sight. Experts tell us that the price of gas is going to continue to go higher. We may actually see $6 a gallon this summer across the country, and today, gas is already $6 a gallon in a number of locations. Now, for most Americans, this is unthinkable. So what are families doing? Well, they are kind of buckling up for what may be a summer of financial suffering for the American people. For many, it means a summer of staying home. People are having to change the way they drive, the way they eat, the way they live. Family vacations are being canceled left and right. People are cutting back on shopping to the point that retail jobs disappeared last month, thousands and thousands of retail jobs. Coronavirus caused one lockdown. Now we are headed into a new lockdown because people don't have the money to get out--get out to go to dinner, get out to go to a movie, get out to go on vacation. People are staying home because they can't afford to do anything else. Many working families are being pushed to the breaking point. Savings have melted away. Household debt is now at a record high. More and more people are having to borrow money just to get through the end of the month. The purchasing power of the American people keeps going lower and lower and lower. That is providing very little relief--even for people who are getting raises, they are having a hard time keeping up and feel they are falling further behind. Home energy costs are up and will continue to go up this summer. We hear that our energy grid is vulnerable for blackouts this summer. Democrats have been in power for over 17 months. They continue to do nothing to help the American people with this Biden-caused energy crisis. Now, Joe Biden's Cabinet has been on tour, talking and trying to mislead the American people about the energy crisis. We saw Pete Buttigieg and Gina Raimondo. They said that Joe Biden is just an innocent bystander, just standing there, watching the world go by. Nothing he could do about it. The Commerce Secretary last week said--and this was on a national news show--she said there isn't much that can be done to produce more energy. Treasury Secretary Janet Yellen said Joe Biden has ``done everything he can to bring down energy prices.'' Everything he can? This is a blatant, boldfaced lie to the American people. Joe Biden and the Democrats have caused this American energy crisis. Joe Biden seemed to brag about it at first when, on his first day in office, he killed the Keystone XL Pipeline, killing 800,000 barrels of oil a day to the United States--more than we would have ever gotten from Putin. Joe Biden bragged about it, proud of himself. Stopped those oil and gas leases as well. What the President has done with the oil and gas leases was blatantly illegal and brutally punished working families in my home State of Wyoming. You know, after 16 months in office, President Obama had held 44 oil and gas lease sales. Joe Biden? Not a single one. If the Senator from Alaska were here, she would say that Joe Biden shut down oil and gas production in the Arctic. For leases that were out there, drilling applications, thousands and thousands are in limbo because the administration just wants them to sit there. Now Joe Biden is furthering his attack on American energy. He is not just blocking new leases, he is even going after thousands of existing leases that were sold during previous administrations, the Obama and the Trump administrations. After just 16 months in office--and the American people know this; I am not making any news here--Joe Biden is already the most anti- American energy President in American history. He has kept our energy production on lockdown, he has kept workers on the sideline, and he has kept energy buried in the ground. As a result, today, we are still producing 1 million fewer barrels of oil today and every single day than we were producing in America before the pandemic. [[Page S2931]] So, despite what the administration claims, Joe Biden could do things right now to actually produce more energy. First, instead of blocking all Federal land, he needs to hold Federal oil and gas lease sales. He should approve the 4,300 drilling applications that he is holding in limbo. Finally, instead of shutting down pipelines, he should approve more pipelines so we can transmit energy. He should speed up the pipeline approval process. Right now, it takes a lot longer to get approval to build a pipeline than it does to actually build a pipeline. But Joe Biden refuses to change his policies. That is why I say that Joe Biden actually wants high gas prices. Democrats keep bragging about the so-called incredible transition. It is a transition that is strangling the American people. Joe Biden went on a late-night comedy show last week. He was asked about climate change. He said right now ``there's an opportunity to move more rapidly . . . to alternative energy.'' He seems to think everything is going according to plan. The climate elitists want prices so high that people can't afford to buy gas. The economists call this demand destruction. Democrats are working to achieve demand destruction through supply destruction, and the result is economic destruction--a destruction of the standard of living for the American people--all because they want their climate ideology. So Democrats have kept supply slow and low. They have driven up prices. Now the American people are forced to stay home. Well, the Transportation Secretary continues to say: Just get an electric vehicle. Gas prices are no big deal. The average electric vehicle costs over $55,000. The American people can barely afford groceries right now, let alone an electric vehicle. CNN ran a story recently about single mothers skipping meals so their kids can eat. I would say to the Secretary of Transportation: How are they going to afford the electric vehicle, let alone find a place to charge it? Astonishing stories have been written in the press recently. People trying to drive electric vehicles from point A to point B said: Never again. Oh, no. I have heard stories of someone renting an electric vehicle in Wyoming, driving it from one place to another, using a regular plug-in, coming back an hour later, and it had charged the battery enough extra in that full hour that they could go an additional 4 miles. That is what Joe Biden wants for America. That is his view of America--``stay at home'' Joe. The Transportation Secretary refuses to admit that gas prices drive up the cost of other things like food, the cost of retail, the cost of almost everything. Democrats tell us that we just need a little more wind energy, a little more solar power, and things would be great. So what is Joe Biden doing? He listens to them, and he uses wartime Executive powers to demand that we make more solar panels. This is another dangerous Democrat delusion. We don't have high gas prices and high food prices because of a lack of solar panels; we have high gas prices and high food prices because of a lack of American gasoline, oil, energy. Democrats keep repeating the talking points about renewable energy. Yet they never do the math. The most affordable and most reliable energy known to man is traditional energy--oil, natural gas, coal. Electric vehicles still use energy. This energy comes mostly, in this country, from natural gas and coal. The only way to bring the price of gas down is to bring the supply of gas up. It is the one thing the Democrats refuse to do. It is interesting to listen to some of Joe Biden's allies in the Senate who are threatening to make the Biden energy crisis even worse. They want to talk about bringing back their reckless tax-and-spending bill. This bill is more reckless today than it was last year. You put that kind of additional spending on the economy, that kind of additional debt--inflation today is a lot higher than it was the last time they forced this kind of money onto the economy. This will be adding fuel to the fire. Then the Democrats are talking about raising taxes and specifically raising taxes on American energy. More taxes on American energy means higher prices at the pump. It is as simple as that. Higher prices at the pump means higher prices at the grocery store. Now isn't the time to raise taxes on the American people. Janet Yellen was surprised. She said it last week. She talked to the New York Times. She said she was surprised at how negative people's opinion was of the economy. She said she was amazed at how pessimistic people were about the economy. How out of touch can one be for the Secretary of Treasury to say that at a time when there are the highest gas prices in the history of the country, food prices at an alltime high, and inflation at a 40-year high? Over three out of four Americans think the country is heading in the wrong direction under Joe Biden and the Democrats. The American people have seen what 16 months of Democrat rule has done to them, and Janet Yellen is surprised at the pessimism and the negativity. Record inflation, record gas prices, record debt, disappearing savings, empty shelves, labor shortages, a looming recession--it is long past time to change course. It is time to stop this reckless spending, unleash American energy. The American public cannot afford to pay the price, but they will make the Democrats pay the price come November. I yield the floor. I suggest the absence of a quorum. The PRESIDING OFFICER. The clerk will call the roll. The bill clerk proceeded to call the roll. (Mr. MURPHY assumed the Chair.) (Mr. DURBIN assumed the Chair.) Mr. BRAUN. Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. The PRESIDING OFFICER. Without objection, it is so ordered.