Senate Proceeding on Jul 31st, 2008 :: 4:48:48 to 4:52:24
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4:48:31 to 4:48:48( Edit History Discussion )

Mitch McConnell: the under underlying bill, which we've been seeking to amend, is actual actually opposed by "the new york times," the most liberal newspaper in america, as being infect ineeffectual and making matters

4:48:48 to 4:49:01( Edit History Discussion )

Norm Coleman: worse. so clearly doing that alone runs the risk, according to the new york time, of destroying or at least adversely impacting one of america's great markets but also refusing to amend it, to allow

4:48:48 to 4:52:24( Edit History Discussion )
Speech By: Norm Coleman

4:49:01 to 4:49:12( Edit History Discussion )

Norm Coleman: such reasonable proposals as the coleman amendment, moons that we would be making an infectual re response to the issue that's the most important issue in the country. mr. coleman: mr. president,

4:49:12 to 4:49:23( Edit History Discussion )

Norm Coleman: if i would just make one more e observation -- and first i do want to make it clear that when the majority leader talks about the underlying bill, he is talking about the majority proposal on speculation,

4:49:23 to 4:49:32( Edit History Discussion )

Norm Coleman: a proposal that does not d anything to increase production, a proposal that does nothing to deal with more conservation, a proposal that just suggests that it's going to focus on speculation only, and

4:49:32 to 4:49:43( Edit History Discussion )

Norm Coleman: that is what "the new york times" says would actually do more harm than good. is that correct? mr. mcconnell: the senator from minnesota is entirely correct. mr. coleman: and, mr. president, i would just

4:49:43 to 4:49:53( Edit History Discussion )

Norm Coleman: note that this issue of speculation is something that has come before the permanent subcommittee of investigations, of which i am now the ranking member, was the -- in the past congress was the chair.

4:49:53 to 4:50:04( Edit History Discussion )

Norm Coleman: we've looked at this issue. it's come before homeland security, a committee had a works, by the way, in a very bipartisan basis. i would tell the republican leader that at at least one of the

4:50:04 to 4:50:17( Edit History Discussion )

Norm Coleman: witnesses has come forward and say, if we do all we can, if we do conservation, if we let the world know that we're serious about ending our addiction to foreign oil, if we're serious about not

4:50:17 to 4:50:30( Edit History Discussion )

Norm Coleman: being held hostage to what saudi sheikhs or chavez or ahmadinejad does, if we do it all, there were suggestions that prices would drop like a rock. i'm not going to suggest that in fact they will

4:50:30 to 4:50:40( Edit History Discussion )

Norm Coleman: drop like a rock. but common sense say that if we increase production, if we do those things, tell the world that we're not going to be stuck with scarcity, that we're going to use the great power of

4:50:40 to 4:50:52( Edit History Discussion )

Norm Coleman: america to tap into our resource resources, that in fact that would have an impact -- and i would also note for those who say it's only going to have a impact in the future, that would it be such a bad

4:50:52 to 4:51:04( Edit History Discussion )

Norm Coleman: thing for this congress to be looking forward to the future? we're going to have this debate 10 years ago years from now if we don't do anything. 10 years fromm now they're going to be saying, if we'd

4:51:04 to 4:51:15( Edit History Discussion )

Norm Coleman: only 10 years ago opened up the outer outercontinental shelf, not be dependent on foreign oil. i would suggest that we have the debate now and then one final comment to the republican leader leader.

4:51:15 to 4:51:27( Edit History Discussion )

Norm Coleman: we haven't talked much about the issue of natural gas. i represent a state in convey in which it's cold. the presiding officer represents a state in which it gets very cold in the winter. we're going to

4:51:27 to 4:51:37( Edit History Discussion )

Norm Coleman: come back here in september and cost of heating our homes is going to start to go up and the leaves turn coul, although the temperature starts to drop. by october the snows may hit. by november they may

4:51:37 to 4:51:48( Edit History Discussion )

Norm Coleman: well be there and in december and january it is going to be below zero and the price of natural gas is going throughout roof. my farmers in minnesota have trouble today buying fertilizer next year, sometimes

4:51:48 to 4:52:03( Edit History Discussion )

Norm Coleman: even now, because folks won't speculate what the price of natural gas woofnlt and i would then ask the republican leader that in object objecting to the coleman- coleman-domenici proposal that the majority

4:52:03 to 4:52:15( Edit History Discussion )

Norm Coleman: is not only stopping the poivelt tapping into billions --stopping the possibility of tapping into billions of oil but also trillions of you don't bic feet of natural gas, a market that's more susceptible

4:52:15 to 4:52:24( Edit History Discussion )

Norm Coleman: to increases in the short-term. we're not going to be able to tap into and tell the world there's trillions of cubic natural gas feet available and i can't tell my folks in minnesota when it's cold

4:52:24 to 4:52:39( Edit History Discussion )

Mitch McConnell: in november and december and prices st through the roof that we were not able to act because the democrats objected to the unanimous consent offers by the republican leader? mr. mcconnell: well, my

4:52:24 to 4:54:30( Edit History Discussion )
Speech By: Mitch McConnell