Senate Proceeding on Jul 31st, 2008 :: 3:48:47 to 3:56:25
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3:48:47 to 3:49:03( Edit History Discussion )

Elizabeth Dole: | quorum call: mrs. dole: mr. president, i ask that the quorum call be rescinded. the presiding officer: the senator from north carolina, without objection. mrs. dole: mr. president, the federal government

3:48:47 to 3:56:25( Edit History Discussion )
Speech By: Elizabeth Dole

3:49:03 to 3:49:16( Edit History Discussion )

Elizabeth Dole: has more acronyms for more federal agency agencies agencies that produce more economic statistics than anyone can reasonably expect -- be expected to comprehensin comprehend in a single setting.

3:49:16 to 3:49:30( Edit History Discussion )

Elizabeth Dole: we have the buru of labor statistics, the bureau of economic analysis, just to name a few.w these agency ies produce a wealth of information that we use to inform our police decisions with facts and expert

3:49:30 to 3:49:44( Edit History Discussion )

Elizabeth Dole: analysis, but i often find that the best advice i get on matters of public policy comes not from these experts and their reports but from the wisdom and sincerity of north carolinians who write

3:49:44 to 3:49:58( Edit History Discussion )

Elizabeth Dole: to me. i received a letter recently that i think gets to the heart of our energy debate here in the senate. it comes from a retiree who is living on a fixed income from his life savings who resides

3:49:58 to 3:50:12( Edit History Discussion )

Elizabeth Dole: in lake juluska, north carolina, a picturesque mountain town of 3 3,000 situated on a pristine mountain lake. in fact, i use ed to go to church camp there almost every summer when i was growing

3:50:12 to 3:50:25( Edit History Discussion )

Elizabeth Dole: up. too much energy, "the letter reads, "has gone into rhetoric and not enough into actually doing something about it. we have so many brilliant leader leaders and the ability to make major transformations,

3:50:25 to 3:50:39( Edit History Discussion )

Elizabeth Dole: so let's concentrate on action and do whatever it takes to reduce our dependence on foreign oil." my friend from lake junaluska is right. indeed, too much energy in this energy debate has been spent

3:50:39 to 3:50:54( Edit History Discussion )

Elizabeth Dole: on partisan rhetoric and not enough on delivering real solutions to provide americans with relief from these record-high gas price prices. both sides bring important and nd worthwhile ideas to this

3:50:54 to 3:51:10( Edit History Discussion )

Elizabeth Dole: debate. on one side we see a focus on conservation and cracking down on allege ed bad behavior in the energy market. on the other side we hear more about energy exploration. there is no silver bullet

3:51:10 to 3:51:23( Edit History Discussion )

Elizabeth Dole: that can solve our energy woes. we need every option, every option on the table. we need to throw everything and the kitchen sink at our energ crisis. conservation, alternative energy energy, energy

3:51:23 to 3:51:37( Edit History Discussion )

Elizabeth Dole: exploration, market fairness. there's no reason we can't develop a comprehensive strategy that includes the best ideas from both sides of the debate. the bottom line is that high gas prices are

3:51:37 to 3:51:52( Edit History Discussion )

Elizabeth Dole: driven by too much demand and too little supply. last year global demand exceeded global supply by roughly 1 million barrels per day. because of that, families in my home state of north carolina are

3:51:52 to 3:52:08( Edit History Discussion )

Elizabeth Dole: having to pay 30% more to fill their tanks than they did just one year ago. to truly solve this problem, we've got to tackle both the demand side and the supply side. we need to find more and use

3:52:08 to 3:52:23( Edit History Discussion )

Elizabeth Dole: less. on the demand side, we need to make major investments in alternative energy research and take a crash course in conservation. that's why i introduce introduced legislation last week to repeal roughly

3:52:23 to 3:52:37( Edit History Discussion )

Elizabeth Dole: $17 billion in tax breaks to oil companies and pour that funding into alternative energy research. with the price per barrel of oil at record highs, the market is providing petroleum producers all

3:52:37 to 3:52:52( Edit History Discussion )

Elizabeth Dole: the incentive they should need to produce more oil. so that funding would be better spent by investing in alternative sources of energy that are the key to our energy future. in the near term, we could

3:52:52 to 3:53:04( Edit History Discussion )

Elizabeth Dole: also help decrease demand by incentive ize ing the purchase of hybrid and other clean-fuel vehicles with point-of-sale a e. a rebate arebates and by investing in better transit systems. by increasing

3:53:04 to 3:53:19( Edit History Discussion )

Elizabeth Dole: in alternative and renewable forms of energy is certainly a necessary part of my exreengive energy solution, it is by -- comprehensive energy solution, it is by no means suvment we cannot simply conserve

3:53:19 to 3:53:35( Edit History Discussion )

Elizabeth Dole: our way to energy independence. we must also increase supply by making better use of america's vast energy resources. we should open up 2,000 oust 19. 19.6 million acres in -- out of 19.6 million

3:53:35 to 3:53:51( Edit History Discussion )

Elizabeth Dole: acres in anwr, alaska, to energy exploration. we should capitalize on our immense oil shale reserves, which could produce three times as much oil as saudi arabia's prove en reserves. and we should also

3:53:51 to 3:54:04( Edit History Discussion )

Elizabeth Dole: allow the states to decide whether or not to permit offshore energy exploration, at least 50 miles off their shores on the outer outercontinental shelf, where we could gain access to billions of barrels of oil.

3:54:04 to 3:54:21( Edit History Discussion )

Elizabeth Dole: of course, some will argue that bringing these energy resources online will take years to complete and won't help provide the immediate relief that folks need. but if anything, that means we cannot afford

3:54:21 to 3:54:35( Edit History Discussion )

Elizabeth Dole: to let another day pass without pursuing them. after all, if president clinton had not vetoed legislation in 19 1995 to allow energy exploration in anwr, our current energy shortfall would already be reduced by

3:54:35 to 3:54:49( Edit History Discussion )

Elizabeth Dole: roughly one million barrels per day. to provide immediate relief, we can release one-third of the strategic petroleum reserve to inject some much-needed supply into the markets, which will drive prices

3:54:49 to 3:55:06( Edit History Discussion )

Elizabeth Dole: down in the near- near-term and send a signal to market speculators that the american government is dead serious about lowering gas price prices. because of enormous and unprecedented economic growth

3:55:06 to 3:55:21( Edit History Discussion )

Elizabeth Dole: in developing countries like india and china, it is imperative that in this debate we keep our eyes fixed firmly -- firmly -- on the ultimate goal of ending our dependence on foreign sources of oil

3:55:21 to 3:55:45( Edit History Discussion )

Elizabeth Dole: altogether. face ing an ever-dwindle ing global supply of oil and ever- ever-increasing demand for energy, this is not a goal for a debate that we can take lightly. when it comes to securing america's

3:55:45 to 3:56:25( Edit History Discussion )

Elizabeth Dole: energy future, partisan politics need not apply apply. to lower gas prices and reach our ultimate goal of energy independence, we need every option on the table -- everything and the kitchen sink.