FOR IMMEDIATE RELEASE
LATTA PARTICIPATES IN ONGOING HOUSE FLOOR PROTEST
WASHINGTON- Congressman Bob Latta (R-Bowling Green) participated in today’s protest on the floor of the House of Representatives, addressing a large number of constituents from across the country who observed Republican members discussing energy policy. Latta and his Republican colleagues laid out an “all of the above” energy policy and asked Speaker Pelosi to immediately reconvene Congress and conduct a vote on comprehensive energy reform legislation.
“Today I delivered a message on behalf of my constituents in the Fifth District: ‘Speaker Pelosi, bring back this House.’ My constituents, along with a majority of the American public want to see Congress pass comprehensive energy reform legislation, but we cannot do that because of Speaker Pelosi’s refusal to reconvene the House. House Republicans have introduced H.R. 6566, the American Energy Act, an “all of the above” energy plan which contains similar principles as H. Res. 1206, a resolution that I introduced on May 15th. With multiple pieces of comprehensive energy reform legislation sitting in committee as we speak, there is no excuse to not bring these bills to the floor for a vote,” Latta said today after speaking on the House floor.
“We as a country cannot afford to wait another day to pass this legislation. House Republicans understand that the time to act is now, and we will continue our protest until comprehensive energy legislation is passed,” Latta added.
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Congressman Robert Latta was elected in a special election in 2007 to serve Ohio’s 5th Congressional District. He is a member of the House Committee on Agriculture and the Committee on Transportation and Infrastructure, in addition to serving on the House Energy Action Team (H.E.A.T). Congressman Latta previously served as a member of the Ohio General Assembly and as a Wood County Commissioner.
The Congressman was interviewed on Dennyradio.com, just prior to his appearance on the floor today. The interview is not on the archives yet, but I will keep you posted if I see it there.
If you are interested in updates from the Congressman or the Don't Go movement you can follow them on Twitter:
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"A weakening dollar has helped boost oil prices this year, because dollar-denominated commodities are often used as hedges against inflation and a falling U.S. currency. The euro rose Wednesday to $1.4919 but the yen was weaker against the greenback, trading at 1 U.S. dollar to 108.93 yen."
"Investors are waiting for a report by the U.S. Energy Department's Energy Information Administration on U.S. oil stocks for the week ended Aug. 8 later in the day. The petroleum supply report was expected to show that crude stocks rose by 500,000 barrels, according to the average of analysts' estimates in a survey by energy research firm Platts."
"Investors "have taken profits as they've seen demand destruction in the U.S. and they're seeing it spread a little into Europe," said Jonathan Kornafel, Asia director for brokerage Hudson Capital Energy in Singapore."
http://hosted.ap.org/dynamic/stories/O/OIL_PRICES?SITE=OHTOL&SECTION=BUS...
Oil and gasoline are commodities traded minutely and the investors and speculators are reacted to maybe's in the marketplace and the consumers end up paying the costs.
We can see each day, that gas prices have been dropping.
Would expanded drilling lower prices?
To what level of price range of prices are we talking about? 1.00$ per gallon, 2.50$ per gallon?
The oil companies, independent and large need to recoup the exploration costs some how and surely the costs would be passed onto consumers.
For 30 + years this problem has been looming, now, with speculation and market fluctuations there is some action proposed.
The market place is responding.
People are driving less, consuming less gasoline, wanting and driving smaller more efficient cars, etc.
This also means a loss in gasoline tax dollars to repair our roads and bridges with, hopefully there will be no loss of life, like in Minnesota when another bridge collapses from age.
We seem to be resistant to consuming and using less.