[Congressional Record (Bound Edition), Volume 154 (2008), Part 12] [House] [Page 17072] [From the U.S. Government Publishing Office, www.gpo.gov]THE TRUTH ABOUT OFFSHORE DRILLING (Mr. MORAN of Virginia asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. MORAN of Virginia. Well, Madam Speaker, now we know the truth, that the television ad that the Republican Presidential candidate is using to impugn the patriotism of his Democratic opponent is a complete fabrication. So I guess we shouldn't be too surprised when the same camp is trying to convince the American people that offshore oil drilling is going to reduce the price of gas. Sure, it will--in more than a decade, by two to four cents. In fact, the Bush/Cheney administration's own Energy Information Administration has said that ending the Federal moratorium ``is certainly not going to make a difference in the next 10 years.'' In fact, the Big Oil companies already have access to more than 34 billion barrels of offshore oil they're not even drilling. All it's going to do is give more profits to these oil companies by being able to have publicly-owned reserves on their balance sheets, increasing the value of the oil shares. The fact is, though, that lies and half truths say far more about the people uttering them than the people who are targeted by them. ____________________