“… When I was Speaker of the House, we paid $1.13 on average during the four years that I was speaker. When Barack Obama became president, we paid $1.89 that week. But the Obama administration is so anti oil, so anti gas, so anti fossil fuels in general, including coal that basically their view is: If we have lots of fuel, they don’t want it. They are prepared to do almost anything to stop the development of these kinds of programs…

… Become energy independent for national security reasons;
Develop enough new energy here at home that would create well, over a million jobs in the next few years, high paying jobs, very useful jobs, jobs which by the way, increase our manufacturing base because much of energy production requires manufacture products in order to both drill, due process, to transport;
Third, by using federal property and by allowing offshore development on federally controlled waters, we get paid a royalty. One of the leading experts on North Dakota has suggested that we might well have over the next generation 18 trillion, not billion, $18 trillion in royalties that we could gather for the federal government with no tax increases.

And in fact to accelerate that, I propose the following tax changes. I propose we go to zero capital gains tax, so hundreds of billions of dollars pour into the United States to enable us to have new investment, new factories, new exploration, new companies. I suggest a 12 a half percent corporate tax rate would liberate about $700 billion in overseas profits to bring them back home to be reinvested and to allow our companies to compete everywhere in the world. I’ve also proposed that we abolish the death tax permanently, so that we are in a position where family businesses can focus on job creation and are being successful, not on hiding from the IRS.

I’ve also proposed that we have 100 percent expensing. And what that means is: When you invest in new equipment, you write it off in one year. Now that is really important because it means if we are going to go out and find new oil, we’re going to move the oil with pipelines, we could make it very desirable to develop energy in America and to develop manufacturing in America, so that the energy companies would be buying from American manufacturers. And you would, once again, rebuild our machine tool industry and rebuild our industry that supplies goods and services…

… I guarantee you that as your president on the very first day; I will sign an executive order approving the Keystone Pipeline so that oil can come from Canada through the United States to Houston and Galveston. That way we will have 30 to 50,000 new jobs building the pipeline, and for the next 50 years, we will have people working to maintain the pipeline; we will have people working to process and refine the all products and to ship them out of the ports of Galveston and Houston. It is a win win program. I am dedicated to making sure that the Canadians do not have to have a partnership with China to build a pipeline due west across the Rockies…”

“Instead of offering a real plan to lower the cost of gasoline, President Obama offered excuses and fantasies. Blaming instability in the Middle East for high gas prices is not leadership. Neither is promising magic future technologies that won’t satisfy today’s energy needs. The fact is that President Obama could today, with a stroke of his pen, begin the process of bringing online 2.4 million new barrels of oil per day to US supplies – more than is transported through the Straits of Hormuz from the Middle East – simply by authorizing the construction of the Keystone Pipeline, re-opening the Gulf of Mexico, and permitting exploration and production in the Chukchi Sea and National Petroleum Reserve of Alaska. This would completely wipe out our dependence on the Persian Gulf, dramatically increase our energy security and significantly reduce prices at the pump.”

“After I came out with a program to get to $2.50 a gallon gasoline, Obama decided he had to make a speech on energy. I really hope every American will read his speech in Miami. It is a very revealing speech. It is factually false, intellectually incoherent, deeply conflicted on policy and in some places just strange…

… Our choice is between energy independence and never again bowing to a Saudi King; and $2.50 a gallon gasoline. His side is a series of fantasies in which your tax money is thrown away on products that are not commercially feasible while you pay higher and higher and higher prices…