Peak Oil – (House of Representatives – February 17, 2012)
Mr. Speaker, when I looked at the television this morning and at that little crawler across the top of one of our stations, I noticed that oil was $103 a barrel–$103 a barrel and we’re in a recession. What’s happening here?
Today, in spite of all that we have done in the most creative, innovative society in the world, the United States, today we produce half the oil that we did in 1970, and we’ve drilled more oil wells in our country than all the rest of the world put together.
March 25, 2012