House Proceeding 05-13-08 on May 13th, 2008 :: 0:46:14 to 1:06:14
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0:42:59 to 0:46:14( Edit History Discussion )
Speech By: Joe Barton

0:45:58 to 0:46:14( Edit History Discussion )

Joe Barton: barton: i yield myself one additional minute. the speaker pro tempore: the gentleman is recognized. mr. barton: i would like to ask the spe aker that just spoke if he could show me the economic

0:46:14 to 0:46:28( Edit History Discussion )

Nick Lampson: study by goldman sachs that suspending shipments will lower taxes by 25 cents a gallon. it won't even lower prices by penny a barrel is there a study? i believe that there is no study and i guarantee

0:46:28 to 0:46:40( Edit History Discussion )

Nick Lampson: you-this won't lower prices -- i'll be happy to yield to my good friend. mr. lampson: i don't know we have a specific study that shows it. the people we have been working with over the lasteveral

0:46:40 to 0:46:55( Edit History Discussion )

Joe Barton: months from places like n.i.t. who have come and asked us to consider this legislation, they are saying that historically we have seen prices drop when actions like this have been taken.

0:46:55 to 0:47:05( Edit History Discussion )

Joe Barton: if we can try at least we are doing something that may put it in the right direction. we have additional legislation that's going to be proposed. i would hope that you would join me as a co-sponsor

0:47:05 to 0:47:19( Edit History Discussion )

Joe Barton: of that legisl ation. the speaker pro tempore: the gentleman's time has expired. mr. barton: i yield myself 30 additional seconds just to respond. the speaker pro tempore: the gentleman is recognized.

0:47:19 to 0:47:35( Edit History Discussion )

Joe Barton: mr. barton: i do not oppose suspension of oil shipments into the strategic petroleum reserve. but toay that that by itself is going to lower prices 25 cents a gallon in an 85 million barrel a day