|4:23 PM EST||
Peter A. DeFazio, D-OR 4th
Mr. DeFAZIO. To the gentleman's point, it is absolutely clear. It says ``gas.'' It does not say products derived from gas, fertilizer, or manufactured plastic or anything else. It just says the gas must be sold here in the United States.
He admits and says that it will make it less valuable. That means he is looking at increasing the price of natural gas here to accommodate exports overseas to put us in a world market. Then we are, yet again, screwed, just like we [Page: H7293]
have been with oil for years. We are back to the point where we are competing in an international market. We lose international competitiveness. We lose more manufacturing.
This is pretty transparent here. I mean, the industry is pressuring, I am sure, on their side of the aisle, saying, Oh, my God, don't do that. Don't say that that 15 percent of the gas produced on Federal lands, belonging to the taxpayers of United States, has to be used here to help keep down our prices for our homes, for our manufacturing, to give us a competitive world advantage. Let's do it like all our other free trade, which is bankrupting the country and exported millions of manufacturing
jobs over the last few years.
He talked about it again. Globally decided free market. He used those words. If we go to a globally decided free market in the export of natural gas, we lose the advantage, and their basic premise that this will lower prices for Americans is stood on its head.
If you don't adopt this amendment, if you vote against it, you are voting to increase the price of natural gas, according to the Energy Information Administration, for all consumers and manufacturers and the downstream products from those in the United States of America. So, if you really want to lower the price to consumers, vote for this amendment.
Mr. Chairman, I yield back the balance of my time.