The final component of the Democrats’ energy plan is to sue OPEC to force them to release more oil in the market. This is clearly an exercise in futility, and I suspect my Democratic colleagues know that. The idea of threatening foreign governments, and particularly our Middle East allies, is particularly ironic coming from the same Democrats who have routinely accused the Bush Administration of damaging our relationships with other nations. It is also ironic to sue other countries in an effort to get them to produce more oil, while at the same time preventing production here at home and making us even more dependent on foreign oil.
The real common sense solution, as we transition away from dependence on fossil fuels, is to increase the supply of domestic energy. We need to get the government out of the way and allow use of plentiful resources under our control. If Congress stopped penalizing and handcuffing our domestic energy production, we could produce an additional 2.7 to 3 million barrels of oil a day within a relatively short period of time.
That is why Senate Republicans have introduced legislation, The American Energy Production Act, an important step towards driving down gas prices for all Americans. If enacted, this new legislation would allow access 24 billion barrels of oil—enough oil to supply America for 5 years with no foreign imports. It would also provide for authorization to explore for American oil in the Arctic National Wildlife Refuge (ANWR) and the Outer Continental Shelf (OCS).
Our country needs Congressional action on the energy problem that is tethered to reality. We do not need more sound bites and political pandering.