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Gas Prices: Myths Vs. Facts

Myth: We have enough domestic supply to drill our way to energy independence

Fact: We have less than 2 percent of the world’s known reserves, yet use 25 percent of its oil. Without dramatically reducing our demand for oil, the U.S. will never have the ability to meet our own petroleum needs.

Myth: Increasing the number of oil permits will decrease the price of oil

Fact: According to a report by the House Natural Resources Committee: Between 1999 and 2007, the number of drilling permits on public lands has increased by more than 361 percent, yet gasoline prices continued to skyrocket. Increased leases have not reduced the price of gas.

Click here to learn more about gas prices myths and facts

Rep. Holt Meets With NJ National Guard

Rep. Holt met with troops from the 50th Brigade Combat Team before their deployment in June for final training in Texas and their final destination of several locations throughout Iraq. Rep. Holt heard the concerns of the troops and offered his assistance to them in any way before, during, and after their deployment. Here, Rep. Holt talks with, from left, Rep. Col. Kenneth Schechter, Col. Steve Ferrari, Lt. Col. Robert Jarvis and Lt. Col. James Moore. Read more.

Latest eGenda: Protecting Revolutionary War Battlefields, Telephone Town Hall, Student Aid Rate Reduction

Last week, a House subcommittee held a hearing on the “Revolutionary War and War of 1812 Battlefield Protection Act,” legislation I introduced to provide federal funds to help state and local governments and non-profit organizations purchase threatened battlefield land in order to preserve and protect these endangered historical sites….There is some good news for college students and their families struggling to pay for tuition: on July 1, interest rates on need-based – or subsidized – federal student loans dropped from 6.8 percent to 6 percent. Read more

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