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Apr 17, 2012
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mr. markey. mr. markey: i thank the gentleman. the raise -- rise in gas prices is not about opaw ma, it's about opec, oil companies and wall street speculators. wall street speculators now control nearly 2/3 of the oil market up from 11% just 10 years ago. mordepan stanley now controls 15% of new england's home heating oil. and experts tell us as much as 25% of the price of oil is the result of excessive speculation. that means american drivers are paying a wall street speculation tax of more than 70 cents on every gallon of gasoline. wall street speculators have turned oil market intoss a crude oil casino, yet the majority actually tried to cut funding for our wall street cops, the commodity futures trading commission, by $30 million and today mitt romney called the administration's efforts to crack down on speculation a gimmick. for pro-- they're protecting wall street consumers -- -- protecting main street consumers over wall street consumers isn't a gimmick, it should be a fiven this motion will give the cftc, the speculation
mr. markey. mr. markey: i thank the gentleman. the raise -- rise in gas prices is not about opaw ma, it's about opec, oil companies and wall street speculators. wall street speculators now control nearly 2/3 of the oil market up from 11% just 10 years ago. mordepan stanley now controls 15% of new england's home heating oil. and experts tell us as much as 25% of the price of oil is the result of excessive speculation. that means american drivers are paying a wall street speculation tax of more...
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Apr 18, 2012
04/12
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mr. markey. the chair: the gentleman is recognized for three minutes. mr. markey: i thank the gentleman. this pill is an environmental atross -- bill is an environmental atrocity. the majority has allowed an unrelated amendment that would forbid the e.p.a., forbid them from requiring the safe disposal of toxic coal waste that contains arsenic, mercury, and chromium. the majority has allowed an amendment that would provide massive exemptions from the national environmental policy act and smoothers the ability of communities to have input into projects that could create toxic nightmares in local neighborhoods. this is what the republicans are doing out here today. e.p.a., every polluter's ally, that's what they want to turn it into. so what we have on top of that is a provision to build the keystone pipeline through the united states of america from canada, the dirtiest oil in the world, bring it through the united states, and then to bring it to port out to texas. now, what goes on in port arthur, texas? very interesting. i think it's important for the americ
mr. markey. the chair: the gentleman is recognized for three minutes. mr. markey: i thank the gentleman. this pill is an environmental atross -- bill is an environmental atrocity. the majority has allowed an unrelated amendment that would forbid the e.p.a., forbid them from requiring the safe disposal of toxic coal waste that contains arsenic, mercury, and chromium. the majority has allowed an amendment that would provide massive exemptions from the national environmental policy act and...
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Apr 4, 2012
04/12
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mr. markey. >> thank you. climate change. new england's temperatures in the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home heating oil somehow or other was unaffected by the market. and people in new england and all across the country just got tipped upside down by morgan stanley. let's go to what happened in this market since 2002. if we had dennis kellaher from better markets testified two weeks ago. he told us that in 2002, 11% of this oil market was controlled by speculators, and 89% controlled by airlines. trucking firms. shippers. who had to basically placed bets to protect themselves. , 63% are -- 2012 .. speculators and only 37% our truckers and shippers
mr. markey. >> thank you. climate change. new england's temperatures in the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home...
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Apr 5, 2012
04/12
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mr. markey. mr. larson. >> it's always informative and good to hear you, professor. i have the benefit of the wisdom and knowledge of gene guilford, but i especially want to thank you. when is the tendency inherent site is not to bring it down to how it really impacts the mother of two and especially you, mr. guilford, thank you for that scenario. it is those compelling stories that bring home the issue to everyday americans in terms of votes where the problem is in the impact that this has and how we go about doing it in the case of home heating oil as well as prices noted in new england at a record low to see nose changed and in fact to see the prices of home heating oil for the consumer croat. this is what it is all about at the end of that and we cannot thank you enough for your testimony and also for backing up what we think is an important agenda to accomplish in the united states congress. >> thank you, mr. larson. i'm going to -- quick answers if we can because we are coming to the 3:30 mark. professor greenberger can be asserted to allude to this, every pres
mr. markey. mr. larson. >> it's always informative and good to hear you, professor. i have the benefit of the wisdom and knowledge of gene guilford, but i especially want to thank you. when is the tendency inherent site is not to bring it down to how it really impacts the mother of two and especially you, mr. guilford, thank you for that scenario. it is those compelling stories that bring home the issue to everyday americans in terms of votes where the problem is in the impact that this...
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Apr 26, 2012
04/12
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mr. markey. the speaker pro tempore: the gentleman is recognized for two minutes. mr. markey: this legislation might as well be called the cyberinsecurity bill because it fails to address the reality of cyberthreats already facing our nation. if this bill had a privacy policy, it would read, you have no privacy. they would not even allow the barton-markey privacy language to be put in order to debate on the house floor. let's talk about what the bill does not do. although the bill would allow the government to tell nuclear power plant operators that a new version of the computer worm could cause widespread fukushima style meltdowns in this country, would it require the industry to take a single tep to -- step to protect nuclear reactors? no. would it require industry to even tell the government what it is doing to protect against a cyberthreat nuclear meltdown? no. would this bill require industry to even tell the government when it had experienced an actual cyberattack? no. now let's talk about what this bill would do. could companies share personal information about c
mr. markey. the speaker pro tempore: the gentleman is recognized for two minutes. mr. markey: this legislation might as well be called the cyberinsecurity bill because it fails to address the reality of cyberthreats already facing our nation. if this bill had a privacy policy, it would read, you have no privacy. they would not even allow the barton-markey privacy language to be put in order to debate on the house floor. let's talk about what the bill does not do. although the bill would allow...
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Apr 6, 2012
04/12
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mr. markey. with that let me introduce our colleague, mr. larson to introduce one of our guests this morning. good afternoon. >> thank you, chairwoman delauro, for convening us here today. i want to commend our leader nancy pelosi, for recognizing what americans have all across this country the problems that they're encountering at the pump and frankly in home heating oil and air-conditioning as we approach the summer. it is my great honor to be able to introduce gene gilford today. gene gilford is the president of the independent connecticut petroleum association, an education foundation. i've had the opportunity to work with gene over the years and a number of his dealers who understand implicitly that the laws of supply and demand have been suspended when it comes to oil speculation and they have been at the forefront of helping us shape legislation for both congresswoman delauro and myself and i am proud to be able to introduce him here today. gene has an extensive background and i think the members will find this most interesting that g
mr. markey. with that let me introduce our colleague, mr. larson to introduce one of our guests this morning. good afternoon. >> thank you, chairwoman delauro, for convening us here today. i want to commend our leader nancy pelosi, for recognizing what americans have all across this country the problems that they're encountering at the pump and frankly in home heating oil and air-conditioning as we approach the summer. it is my great honor to be able to introduce gene gilford today. gene...
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Apr 5, 2012
04/12
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mr. markey. >> thank you. climate change.land's temperatures in the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home heating oil somehow or other was unaffected by the market. and people in new england and all across the country just got tipped upside down by morgan stanley. let's go to what happened in this market since 2002. if we had dennis kellaher from better markets testified two weeks ago. he told us that in 2002, 11% of this oil market was controlled by speculators, and 89% controlled by airlines. trucking firms. shippers. who had to basically placed bets to protect themselves. now in 12 -- 2012, 63% are speculators and only 37% our truckers and shippers a
mr. markey. >> thank you. climate change.land's temperatures in the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home heating...
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Apr 17, 2012
04/12
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mr. markey: i thank the gentleman. the republican budget reads like the legislative version of the "hunger game" pitting american families in an unfair and losing battle against billionaires and big oil. the republican budget, one, doles out tax breaks that the wealthiest don't need and we can't afford. two, gives away $4 billion in annual tax breaks for oil companies. three, abandons grandma and grandpa forcing them to pay more for health care or forgo coverage altogether. four, takes food out of the mouths of hungry children all across our country. just yesterday senate republicans refused to fix the broken system that allows c.e.o.'s to pay a lower tax rate than their secretary. and here in the house, the republican leadership has called the buffet rule a hoax. but the real hoax is the republican budget. g.o.p. used to stand for grand old party. now it stands for guaranteed oil profits. now it standards for got and get old people. now it stands for greed over principle. 100 years after the titanic sank, the republic
mr. markey: i thank the gentleman. the republican budget reads like the legislative version of the "hunger game" pitting american families in an unfair and losing battle against billionaires and big oil. the republican budget, one, doles out tax breaks that the wealthiest don't need and we can't afford. two, gives away $4 billion in annual tax breaks for oil companies. three, abandons grandma and grandpa forcing them to pay more for health care or forgo coverage altogether. four,...
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Apr 8, 2012
04/12
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mr. markey. >> thank you. climate change.n england's temperatures the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home heating oil somehow or other was unaffected by the market. and people in new england and all across the country just got tipped upside down by morgan stanley. let's go to what happened in this market since 2002. if we had dennis kellaher from better markets testified two weeks ago. he told us that in 2002, 11% of this oil market was controlled by speculators, and 89% controlled by airlines. trucking firms. shippers. who had to basically placed bets to protect themselves. now in 12 -- 2012, 63% are speculators and only 37% our truckers and shippers
mr. markey. >> thank you. climate change.n england's temperatures the winter or four degrees warmer than they were in 1970. we now have philadelphia's whether from 1970. people for opening day for the red sox are now planning which short sleeve shirt they're going to wear rather than which combination of sweaters and final shirts they are going to wear. that is a big change from years past. it reflects the downward pressure on home heating oil. but let's be honest, the price of home...
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Apr 27, 2012
04/12
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mr. markey an chavepl hastings. i spoke to chairman hastings less than 24 hours ago on the content of our letter and both he and mr. nunes came forward and asked whether or not we could do this by unanimous consent. that's why we are here this morning. i want to thank the staffs of both the majority and minority side of this committee for all their work. they worked overnight because very early this morning we all signed off on this legislation. i think that this legislation is a very good deal for families and visitors to the park. it's a good deal for the businesses who depend upon spring and summer wilderness trips for their livelihood. the high country wilderness in the sierras is one of the premiere experiences the national park service has to offer and for many the only way to have this experience is through the use of pack animals for whatever personal reasons either frailty, age -- age would be my reason, i think it's important. i have hiked. i have not had the pleasure to hike the high country in kings cany
mr. markey an chavepl hastings. i spoke to chairman hastings less than 24 hours ago on the content of our letter and both he and mr. nunes came forward and asked whether or not we could do this by unanimous consent. that's why we are here this morning. i want to thank the staffs of both the majority and minority side of this committee for all their work. they worked overnight because very early this morning we all signed off on this legislation. i think that this legislation is a very good deal...
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Apr 6, 2012
04/12
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mr. markey. >> thank you, madam chair. you have climate change come a new english temperatures in the winter are now four degrees warmer than they were in 1970. we now philadelphia's weather from 1970. opening day for the red sox are now planning on which short sleeved shirt they're going to wear rather than which combination of sweaters, flannel shirts they will wear which is a big change from past years. but it reflects this downward pressure on home heating oil, but let's be honest, okay? the price of home heating oil to somehow or another was unaffected by the market. this winter. people in new england and all across the country just got just upside down by morgan stanley. so let's go to what's happened in this market since 2002. we had dennis from better markets testified before the natural resources committee two weeks ago. here's what he told us. that in 2002, 11% of this oil market was controlled by speculators, and 89% controlled by airlines, trucking firms, shippers, who had to basically place bets to protect the
mr. markey. >> thank you, madam chair. you have climate change come a new english temperatures in the winter are now four degrees warmer than they were in 1970. we now philadelphia's weather from 1970. opening day for the red sox are now planning on which short sleeved shirt they're going to wear rather than which combination of sweaters, flannel shirts they will wear which is a big change from past years. but it reflects this downward pressure on home heating oil, but let's be honest,...
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Apr 24, 2012
04/12
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mr. speaker, and i thank the gentleman for yielding. i rise in support of h.r. 2157. i want to thank chairman hastings and ranking member markey as well as subcommittee chairman bishop and ranking member grijalva for giving my legislation a fair hearing and moving the bill through the committee. mr. speaker, the mammoth mountain ski area is located in the northern half of my district in the eastern sierra mountains. mammoth provides between 10% and 30% of the total employment in the county and its a premiere recreation destination for tourists all throughout california and the united states. each winter, madam mouth season average of 1.3 million visitors. these visitors pump vital money into the local economy by populating hotels, motels, restaurants and stores throughout the region. tourism is the lifeblood of the eastern sierra. mammoth has operated on a special use permit from the u.s. forest service since 1953. the base area of the mountain is aging rapidly and is in need of renovation and redevelopment in order to provide a safer, more enjoyable experience for visitors to mammoth mountain. however, these renovations are d
mr. speaker, and i thank the gentleman for yielding. i rise in support of h.r. 2157. i want to thank chairman hastings and ranking member markey as well as subcommittee chairman bishop and ranking member grijalva for giving my legislation a fair hearing and moving the bill through the committee. mr. speaker, the mammoth mountain ski area is located in the northern half of my district in the eastern sierra mountains. mammoth provides between 10% and 30% of the total employment in the county and...