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Sessions Responds To President’s ‘Defeatist’ Speech On Surging Gas Prices

Sessions Responds To President’s ‘Defeatist’ Speech On Surging Gas Prices

“The president could begin lowering prices now—and keep them low in the future—by firmly announcing to the world that he will end the moratorium on new leases and dramatically expedite domestic permitting at once… This is more than just about what kind of energy we should use; it’s about whether we allow struggling Americans to reap the economic benefits locked away in a vast wealth of natural resources… But the Obama Administration has made clear that they would rather tax Americans and domestic producers to pay for more Solyndras… than utilize our natural resources to enrich the country and grow the private sector. It’s social engineering, and people in Alabama and across the country are paying the price.”

WASHINGTON—U.S. Sen. Jeff Sessions (R-AL) issued the following remarks today after President Obama delivered an address in New Hampshire on surging gas prices:

“President Obama delivered today another defeatist address on soaring gas prices. I refuse to accept the view the nation that won two world wars, pioneered space travel, and overcame the Soviet Empire is now helpless in the face of high prices at the pump.

We are sitting on a huge treasure of untapped reserves. Most if this is located on federal lands that are managed at the president’s discretion. We could potentially yield as much as three to four times more recoverable oil than any other country on Earth just from our shale reserves alone. The president could begin lowering prices now—and keep them low in the future—by firmly announcing to the world that he will end the moratorium on new leases and dramatically expedite domestic permitting at once.

Such bold action would also begin to end the massive transfer of domestic wealth overseas, reduce our trade imbalance, and create millions of long-term good-paying private sector jobs that—unlike government stimulus—help our treasury instead of raiding it. This is more than just about what kind of energy we should use; it’s about whether we allow struggling Americans to reap the economic benefits locked away in a vast wealth of natural resources.

But the Obama Administration has made clear that they would rather tax Americans and domestic producers to pay for more Solyndras and other uneconomical energy schemes than utilize our natural resources to enrich the country and grow the private sector. It’s social engineering, and people in Alabama and across the country are paying the price.”

[NOTE: The president repeated today the false claim that the United States has “only 2 percent of the world's oil reserves.” He bases this statement on U.S. “proved reserves,” but his own U.S. Energy Information Administration has stated that proved reserves is “not an appropriate measure for judging total resource availability in the long-term.” (see EIA website). In reality, America potentially has more recoverable oil and natural gas than almost any country in the world. Proved reserves excludes shale, yet the U.S. has 4 times the recoverable oil in oil shale as Saudi Arabia’s proved reserves.]


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