BODMAN: Congress must work now
As printed in the Washington Times on July 30, 2008
The United States must come to terms with a new global energy
reality that is not the result of any one event. It arises out of
several decades of our inability to face the hard truths about how
energy is produced and consumed and its impact on the environment. And
it has an impact on the lives of every American, every day, the most
obvious of which is the roughly $4 per gallon we are now paying for
gasoline.
By supporting the diversification our energy supplies,
investing in new technologies and enhancing our energy efficiency, as
the Energy Department is doing, we are supporting the development of
long-term answers and creating a more energy secure America.
But we must begin by taking the fundamental step of developing more
of our resources here at home. As he has many times before over the
course of his administration, President Bush last month called on
Congress once again to remove the barriers to domestic oil exploration
and production it has imposed.
Two weeks ago, he rescinded the executive order prohibiting access
to the estimated 18 billion barrels of technically recoverable reserves
in the Outer Continental Shelf. But for those reserves to be made
available to the marketplace, Congress still must act.
Unlike other options currently being considered, the effort to
permit energy exploration in the deep waters of the Outer Continental
Shelf is not a matter of political expediency. It is a fundamental step
toward addressing the supply and demand challenges which underpin the
increase in the price of oil.
Producing these resources will not happen overnight, but by lifting
the barriers to production today, we can realize those benefits in
years to come and send an immediate signal to the market place that our
domestic resources are open for investment and clean, environmentally
friendly development. Let us begin the process now, so that we will not
lament our failure to act a decade from now, as we are now doing over
our failure to act to stimulate domestic production 10 years ago.
What we are now experiencing has been decades in the making. In the
bigger picture, energy exploration on the Outer Continental Shelf is
one small but important step toward addressing the current energy
crunch. U.S. domestic oil production peaked in 1970. Since then we've
relied on increasingly larger amounts of imported oil to allow our
economy to thrive, arguably at the expense of our domestic exploration
and production.
America will eventually move away from the use of hydrocarbons to
produce energy - and the Energy Department has been aggressive in its
support for the development and deployment of new, alternative, clean
energy technologies. We are making extraordinary progress in this area,
but significant change in the market place will come only after a long
transition period that, in my judgment, has only just begun. America
will continue to need oil and gasoline as we see this transition
through. That's why the president is again proposing ways to
re-energize U.S. oil production.
In addition to requesting congressional approval for development of
the Outer Continental Shelf, Mr. Bush again asked Congress to allow the
development of oil from oil shale on federal lands, and for the
authorities to expedite the necessary upgrades and expansion of our oil
refineries. And he has asked Congress to allow for environmentally
responsible energy exploration in the frozen and uninhabited areas of
Northern Alaska.
These proposals are all languishing on Capitol Hill.
Congressional leaders have failed to act on virtually all of the
president's proposals. In fact, the House and Senate majorities won't
even bring these measures to the floor for an up or down vote.
The high price we now pay for gasoline is a problem for everyone.
American families must stretch already tight budgets even further. And
businesses are feeling increased pressure on the bottom line. The
president has made his proposals. It is now time for Congress to act,
before it adjourns for the summer recess.
Samuel W. Bodman is secretary of the Energy Department.
Last Reviewed: 7/30/2008
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