Rep. Bruce Braley Speaks Out on Oil Accountability

This morning Iowa Congressman Bruce Braley addressed the House of Representatives on oil accountability. Transcript follows video.

Madam Speaker I rise today to express my serious concerns that inadequate oversight, efficient procedures, and unethical lapses at the Department of Interior Minerals Management Services are costing to federal government millions of dollars each year. The MMS is responsible for negotiating, implementing and overseeing all federal leases for resources removed by private companies from public lands. And is supposed to be a guarding of our nation's precious public resources.

Unfortunately evidence suggests that the cozy relationships between MMS officials and oil and gas companies have allowed these companies to underreport the resources they remove from federal lands and underpay the royalties they owe to the federal government. Evidence that MMS has failed to detect and pursue these violations by oil and gas companies is especially troubling as gas prices continue to rise, corporations make record profits and average American are struggling to fill their gas tanks and make ends meet. Most hard working tax paying Americans would be outraged to know that these companies are cheating the government out of this royalties, which are a critical source of revenue for the U.S. treasury and which would allow us to invest in another priorities.



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Re: Rep. Bruce Braley Speaks Out on Oil Accountabi (none / 0)

I'm glad someone is speaking out about this. It's criminal that we're looking at massive deficits, cuts in spending, and candidates talking about further ways to tax hardworking middle class Americans, all the while oil companies that are experiencing unprecedented profits are cheating the government out of royalties on these extractions.

If I cheat on my taxes, I go to prison. If an oil company cheats...?


by Seth Oldmixon on Wed Dec 19, 2007 at 12:44:07 PM EST

Re: Rep. Bruce Braley Speaks Out on Oil Accountabi (none / 0)

It's ridiculous what Bush has done to gut these agencies, particularly the places like the Department of the Interior that operate below the radar of most Americans.  He's turned them into wholly owned subsidiaries of the industries they're supposed to be regulating.

This is just another way in which there's a big, big difference between the two parties.  We need to have a Democrat in office to stop this looting of the Treasury and our public lands.


"Another problem we have...is that in election years we behave somewhat as primitive peoples do at the time of the full moon." --Harry Truman
by Steve M on Wed Dec 19, 2007 at 12:47:17 PM EST


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