Alexander: “Republican Plan Is to Find More Energy, Use Less; Democratic Plan Is to Find Less and Tax More”

Says Democratic solution to high gas prices is to raise prices even more

Posted on May 18, 2011

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“If less oil from Libya is a factor in raising gasoline prices, more oil from the United States would be a factor in lowering gasoline prices. We are, after all, the third largest producer of oil in the world. And for every dollar of American oil we drill, that’s one dollar less we send overseas.” – Lamar Alexander

WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) yesterday voted against proceeding to a vote on S. 940, a bill to raise taxes on oil companies, questioning why, when “the problem is high gasoline prices,” the “Democratic solution is to raise them more.”

Alexander voted to begin debate on S. 953, the Offshore Production and Safety Act of 2011, the Republican alternative that would expand domestic oil and gas discovery and drilling. The Senate rejected the motion to begin debate on the bill by a vote of 42-57.

“The Republican plan for dealing with high gasoline prices is to find more American energy and use less,” Alexander said. “The Democratic plan seems to be to find less and tax more.”

Alexander went on to say on the Senate floor this morning: “We need to use less. Republicans agree with that. There are a variety of ways: through conservation; electric cars, which I favor; and developing alternative fuels from crops we don't need. More important, we need to find more American oil and natural gas offshore, on federal lands, and in Alaska. That will not completely solve the problem of high gasoline prices, but it will help. If less oil from Libya is a factor in raising gasoline prices, more oil from the United States would be a factor in lowering gasoline prices. We are, after all, the third largest producer of oil in the world. And for every dollar of American oil we drill, that’s one dollar less we send overseas.”

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