mr. markey: i am prepared to close. mr. hastings: hold on just one second there, i have one gentleman who wants to speak. i'm pleased to yield two minutes to the gentleman from louisiana, mr. landry. the chair: the gentleman is recognized for two minutes. mr. landry: i ran down here to thank my colleagues for doing what the american people have been asking them to do and to start the process of stopping to kick the energy problem can in this country down the road. finally, we're going to take the steps necessary to put people back to work and to start america down a path of affordable domestic energy. now, they say that we're robbing grandma and grandpa. grandma and grandpa hold stock in those nrnl companies. down in louisiana, grandma and grandpa's grandsons and grandchildren work in an industry that provides that energy. right now, they don't have a job. they're being laid off or they're being stonet brazil or africa or the middle east to drill for oil out there. while we have spent over $1 trillion of taxpayer money fund

mr. markey: i am prepared to close. mr. hastings: hold on just one second there, i have one gentleman who wants to speak. i'm pleased to yield two minutes to the gentleman from louisiana, mr. landry. the chair: the gentleman is recognized for two minutes. mr. landry: i ran down here to thank my colleagues for doing what the american people have been asking them to do and to start the process of stopping to kick the energy problem can in this country down the road. finally, we're going to take the steps necessary to put people back to work and to start america down a path of affordable domestic energy. now, they say that we're robbing grandma and grandpa. grandma and grandpa hold stock in those nrnl companies. down in louisiana, grandma and grandpa's grandsons and grandchildren work in an industry that provides that energy. right now, they don't have a job. they're being laid off or they're being stonet brazil or africa or the middle east to drill for oil out there. while we have spent over $1 trillion of taxpayer money fund

mr. markey: thank you, mr. chairman. mr. chairman in the first quarter of this year, the oil companies actually were able to make $35 billion in profits. but in my amendment, we're able to save them -- say to them that because of a flaw in leases, in the 1990's, which require them to pay no royalties on public lands, taxpayers' lands, for oil they're drilling for right now and charging $100 a barrel, $4 a gallon at the pump, that there's something wrong when the taxpayers don't get anything back so what my amendment says is that they can't apply for any more leases on taxpayers' land unless they're willing to renegotiate the mistaken leases that were given to them that by the way will allow them to escape having to pay $53 billion in taxes. in royalties. that's another word for taxes. royalties. when you're talking about oil, royalties is the word we use to describe taxes. and so, this blank check to the oil industry is absolutely, you know, undeserved. the republican approach to offshore oil royalty policy is to treat the b

mr. markey: mr. chairman, here is the bp blue ribbon commission report that was conducted to investigate and to make recommendations as to what the causes were and what can be done to prevent it from happening again. right now, nothing that's in this report has been implemented in terms of legislation here on the house floor. so i'll tell you what my bill does, it will require multiple lines of defense against the blowout and ensures that these defenses are redundant so failure of one does not lead to cascading failures of the entire system as occurred with bp's well. first, the amendment sets minimum standards for blowout preventors, including a requirement that the preventors operate as intended even when the force of an ongoing blowout shifts the pipe out of position. the requirement requires new standards on safe well design and cementing to ensure multiple redundant barriers within the well that could lead to a blowout and the amendment also requires independent third-pearlt certification of wel

mr. markey: i yield two minutes to the gentleman vermont, mr. rush.air: the gentleman is recognized for two minutes. mr. rush: i thank the gentleman. imagine what we could do for the american consumer at the pump if we stop lobbing rhetorical grenades back and forth and decided to focus on the concrete things it is within our power to do today that would lower the price at the pump. there's three things. one, why are we giving tax breaks toil companies? you do have to wonder, $1 trillion in profits, nothing wrong with that, but do they need to reach into the pockets of the american consumer and get $40 billion on top of that? that's number one. number two, have the futures market be about protecting the consumer, not enriching the hedge fund wall street speculator. it is astonishing what's going on and it's so bad that even goldman sachs acknowledges that at least $27 on the price of $110barrel of oil is about speculation. why in the world do we allow that? because every time you and i go to the pump, our constituents go to the pump, they're paying fo

mr. markey: i yield two minutes to the gentleman vermont, mr. rush. the chair: the gentleman is recognized for two minutes. mr. rush: i thank the gentleman. imagine what we could do for the american consumer at the pump if we stop lobbing rhetorical grenades back and forth and decided to focus on the concrete things it is within our power to do today that would lower the price at the pump. there's three things. one, why are we giving tax breaks to oil companies? you do have to wonder, $1 trillion in profits, nothing wrong with that, but do they need to reach into the pockets of the american consumer and get $40 billion on top of that? that's number one. number two, have the futures market be about protecting the consumer, not enriching the hedge fund wall street speculator. it is astonishing what's going on and it's so bad that even goldman sachs acknowledges that at least $27 on the price of $110 barrel of oil is about speculation. why in the world do we allow that? because every time you and i go to the pump, our constituents go to the pump, they're

is on track to build on the existing relations with windows in aaa i have made a decision to send mr markey of my representative to libya and he is leaving fully we are. immediately. interfax going to fox go around the rock. in addition to the candidates deal with the flag we're going to hell in another kind of truly kind of show of the inner. council of the federation who you see as the president had to live a year or two for the rest because the cost of council federation wouldn't do our laws so if you notice a council should ration elects its own look the leader and this is normal because the circle collegiate want to. go a chamber of our parliament and because i have a stake in this issue been thinking about what who'll. be a. good head of the chamber and i believe this should be a person that is a modern person going to sort of reflective in his world who is knows very well the life in the country and i think there are many people who. who are like that in the country commissar newspaper. in the grandest of sun. the only question about the internet. how do you assess the results of the

mr. markey. the speaker pro tempore: the gentleman is recognized. mr. markey: i thank the gentleman. oil companies already have the drilling rights to public lands the size of minnesota. on which they are not producing oil. minnesota is the land of 10,000 lakes and the area oil companies already have could be the land of 10,000 wells but they are not drilling on it. and are republicanning saying they should drill on what they have? no. they want to put drill rigs off our beaches in new england. the outer banks. and california. all before we have implemented a single safety reform recommended by the independent blue ribbon b.p. spill commission. today five of the largest oil companies testified in defense of their billions of special tax breaks. conoco phillips said today it would be un-american to take away big oil's tax breaks. well, it's not un-american, it's unbelievable that big oil has the arrogance to continue to defend its tax breaks as consumers are being tipped upside down at the pump and how are these tax breaks for big oil paid for? i'll tell you how. the republicans are p

mr. markey. mr. markey: i thank the gentleman so much. the speaker pro tempore: the gentleman from massachusetts is rect for five minutes. mr. markey: so here's where we are. the republicans -- this is unbelievable -- are blocking any legislation from passing that is going to have new safety rules for drilling off of the beach of the united states one year after the b.p. spill. they're blocking any new safety legislation to make sure that the united states, which has four times the fatality rate of countries in europe driving offshores, have rules put on the books that those worst of all safety violators, the companies that drill off of our shores, have those new safety rules. number two, the republicans are fighting any attempts to take away the $4 billion in tax breaks, which the american consumer gives to the oil companies each year. even as the oil companies report -- exxonmobil $10 billion. shell, $8 billion. b.p., $7 billion. chevron, $6 billion, etc., for the last three months that's how much money they made. the republicans think

mr. markey. mr. markey: i thank the gentleman from new jersey very much, and i thank him for his leadership on these issues. and for being -- we're partners in this effort to try to move towards a new energy direction. now -- so last week we had a debate on the issue of whether or not the $4 billion that the oil industry gets in tax breaks per year from the american consumer should be taken away at this time when exxonmobil reported $10 billion worth of profits in the first quarter. that's just january, february and march. shell reported $8.8 billion. b.p. $7.1 billion. chevron, $6.2 billion. conocophillips, $3 billion. that's in the first three months of this year. you know what the argument is from the republican side is that they would be punished if the consumer -- if the taxpayer didn't also give them an additional $4 billion in tax breaks. so let's just look at this chart. this is how much they made. as people are pulling up to the pump paying $3.80, $4 $4.20 all across america. you know what th

mr. markey of massachusetts for today, mrs. napolitano of california for today, mrs. pastor from florida for today and tuesday, may 24, and mr. sutton of ohio for today. the speaker pro tempore: without objection, the requests are granted. under the speaker's announced policy of january 5, 2011, the gentlewoman from the sixth district -- i'm sorry, from vermont -- from the virgin islands, mrs. christensen, is recognized for 60 minutes as the designee for the minority leader. mrs. christensen: thank you, mr. speaker. and i'm pleased to lead the congressional black caucus in this hour to talk about jobs and the need for job creation in communities across this country. and before i begin i'd like to skrks mr. speaker, unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous material on the subject of this special order which is jobs. amid reports of improvement in the economy and the april jobs report was one of those examples, we were in a steady, slow recovery. but that recovery has not been fe

mr. markey: on that i ask for a recorded vote. the chair: the gentleman asks for a recorded vote. pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentleman from massachusetts will be postponed. it is now in order to consider amendment number 4 printed in house report 112-74. for what purpose does the gentleman from massachusetts seek recognition? mr. keating: mr. chairman, amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 4 printed in house report 112-74 offered by mr. keating of massachusetts. the chair: pursuant to house resolution 257, the gentleman from massachusetts, mr. keating, and a member opposed, will each control five minutes. the chair recognizes the gentleman from massachusetts. mr. keating: thank you, mr. chairman. and, mr. chairman, i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. keating: i rise to urge my colleagues to support my amendment to h.r. 1231. as our constituents saw high gas prices, oil companies are are reporting profits. these

mr. markey: you know, this is a crazy debate that we're having here right now, because you know, the republicans, they keep saying to the democrats, well, what's the plan? and so we say to the republicans, well, what's your plan? your plan seems to be saying to grandma and grandpa that they are taking too much, that they really -- they are taking america for a ride and we have to cut medicare. their health care is too good and grandma and grandpa, they didn't do enough for america. so the democrats w turn around and say, hey, about looking at it this way. before you go afterrandma and her medicare, how about you say to warren buffet, how about not taking those extra tax breaks. and the republicans say, we can't take away any tax breaks from warren buffet and all the other multi, multi millionaires and billion as we don't want to touch their money even though it would give us hundreds of billions of dollars. i say, how about prescription drugs and negotiate the price of prescription drugs for medicare the way we do with the v.a.. they say that would be unfair to the drug companies. we can't touch

mr. markey: you know, this is a crazy debate that we're having here right now, because you know, the republicans, they keep saying to the democrats, well, what's the plan? and so we say to the republicans, well, what's your plan? your plan seems to be saying to grandma and grandpa that they are taking too much, that they really -- they are taking america for a ride and we have to cut medicare. their health care is too good and grandma and grandpa, they didn't do enough for america. so the democrats we turn around and say, hey, about looking at it this way. before you go after grandma and her medicare, how about you say to warren buffet, how about not taking those extra tax breaks. and the republicans say, we can't take away any tax breaks from warren buffet and all the other multi, multi millionaires and billion as we don't want to touch their money even though it would give us hundreds of billions of dollars. i say, how about prescription drugs and negotiate the price of prescription drugs for medicare the way we do with the v.a.. they say that would be unfair to the drug companies. we can't to