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Energy says he wants it to be. he said publicly he wants us to bay european levels that would be 9-10 dot lllars a gallon. mr. speaker gas experts first you pointed out the fact that gas was 1.89 a gallon when president obama took office. that was a bit misleading it was the depth of the recession. gas prices went down. 6 months before it was 4.11 cents under president bush. the other point is even if you were to begin a big onslaught of domestic drilling that it would take 3-5 years for that to result in more production here domestically which isn t to say we shouldn t start doing it but it wouldn t indicate or wouldn t cause gas prices to go down sharply in the two-year time frame you are talking about. well, first of all question in part of what the future market does and whether it starts to anticipate production. peckedly, i led the effort drill here, drill now, pay less. ....
His secretary of energy, dr. chu, says he wants it to be. chris: mr. speaker, gas experts make two points. first of all, you pointed out that gasoline was $1.89 a gallon when president obama tooka office. they say that s misleading because it was the depths of the recession, so understandably gas price his gone down. six months before, it was $4.11 under president bush. the other point they make is that even if you were to begin a big onslaught ofde domestic drilling that it would take 3 to 5 years for that to result in more production, here domestically, which isn t to say we shouldn t start doing tbut it wouldn t indication or cause gas prices to go down in the two-year thyme frame you are talking about. it s a question of what the futures market does and whether it anticipates production. secondly, i led drill here, drill now, pay less. ....
Within a year with expedited procedures. that s 700,000 barrels a day going to houston from canada. there are a number of steps like that. i d sign opening up the gulf off of louisiana and texas, about 400,000 barrels a day. the folks down in louisiana believe that could start turning around very fast once they knew it was coming, so there are steps you could take that would dramatically lower the price of gasoline. 2.50 a gallon is not irrational. it was 1.89 when obama was sworn in. it was 1.13 when i was speaker. you can imagine circumstances to get below 2.50. the key thing is the direction i would take the country is towards developing our energy resources to be independent of the middle east so that no american president would ever again baw to a saudi king. the direction the president is taking the country is greater dependency and much more expensive gasoline, maybe ultimately as high as $9 or $10 a gallon which what his secretary of energy, dr. chu, says he wants it to be. he ....
Pipeline immediately and that could being built within a year. there are a number of steps like that. i would sign opening up the gulf off louisiana and texas, 400,000 barrels a day. the folks in louisiana believe that could turn around very fast, once they knew it was coming. see there are steps you could take that would dramatically lower the price of gasoline. $2.50 is not irrational of it was $1.89 when obamma was sworn. so you can imagine the circumstances below $2.50. the key thing is the direction i would take the country is towards developing our energy resources to be independent of the middle-east so that no american president would ever bah to a saudi king. the direction the president is taking the country is greater dependence on much more expensive gasoline, maybe ultimately as high as $9 or their 10 a gallon, which is what ....
To pay european levels. that would be 9 or 10 dollars a gallon. mr. speaker, gas experts make two points. first of all, you pointed out the fact that gasoline was 1.89 a gallon when president obama took office. they say that s a bit misleading because it was the depths of the recession, so understandably gas prices had gone down. the fact is that just six months before, it was 4.11 under president bush. the other point they make is even if you were to begin a big onslaught of domestic drilling that it would take three to five years for that to result in more production here domestically which isn t to say we shouldn t start doing it, but it wouldn t indicate or wouldn t cause gas prices to go down sharply in the two-year time frame you re talking about. well, first of all, it s a question in part of what the futures market does and whether it starts to anticipate production. secondly, i led the effort called drill here, drill now, pass less. ....