Mr. President, today, I introduce a bill to direct the Secretary of the Interior to hold a lease sale within one year in the area known as 181. This bill does not in any way alter the moratorium law…
Mr. President, today, I introduce a bill to direct the Secretary of the Interior to hold a lease sale within one year in the area known as 181. This bill does not in any way alter the moratorium law on the OCS. The areas covered under this bill are not under executive or congressional moratorium. Furthermore, this bill protects a 100 mile buffer from the coastline of the State of Florida and it protects the prerogative of the United States armed forces to perform military activities in the Eastern Gulf of Mexico. These protections are explicit in the bill and can not be disputed.
But more than that, this bill seeks to protect the American people from the rising cost of heating their homes. Only six years ago, the price of natural gas in the U.S. was $2 per million btu. In the past few months, we have witnessed the price of natural gas rise above as much as $14 per million btu. This morning, amidst a winter of above- average temperatures throughout much of the United States, the price of natural gas was over $8 per million btu. In countries competing for our jobs, the price of the same commodity is substantially cheaper than that, in some cases one or two dollars per million btu. This increase in cost and volatility in the price of natural gas in the United States should have the immediate attention of our Nation's policy makers.
The effects of the rising price of natural gas cut across every major sector of our Nation's economy. Natural gas is used as a major source for electricity generation, home heating, cooling and cooking, and as an essential feedstock for the production of ammonia for use in fertilizer production. It is necessary to the manufacturing of fabrics, glass, steel, plastics and paint. In short, affordable natural gas is of relevance to every region and each State in this country and it is essential to maintaining our Nation's long-term sustained economic growth. Think of the one-two punch that will be dealt to the American consumer if the U.S. housing market fails to sustain its unprecedented growth of the last few years and energy costs continue to rise. The Federal Reserve estimated that in 2004, the American people had approximately $600 billion in their pockets from refinancing and home equity loans. But an increasing amount of that money is going right back out to pay the added costs of heating those homes. Over a six year period, America's natural gas bill has risen from $50 billion to $200 billion. That is $150 billion less that the American people have to spend, save and invest. And it serves as an additional burden on the businesses that drive this nation's economy. This burden acts as a tax on the American people and only serves to stymie growth.
With this bill we seek to alleviate some of that burden. We direct the Department of the Interior to lease an area that holds a potential of nearly 5 tcf of gas. That is enough natural gas to heat and cool approximately five million homes for a period of 15 years. The natural gas from this area will have a real, substantial effect on the market and thus on the American consumer. Opening up this area will send an immediate signal to the natural gas market that Congress is pushing to quickly open up an area for production with great potential for a significant new supply of natural gas. The area is close to existing infrastructure in the Gulf of Mexico and is the best hope for a large infusion of natural gas on the market in the near term.
This bill presents a choice between affordable natural gas versus burying our heads in the sand while American people foot the bill and manufacturing jobs head overseas. There is certainly bipartisan support for the idea of relieving the energy costs of the American consumer, and I think that opening Lease Sale 181 helps us achieve this goal.
I ask unanimous consent that the text of the bill be printed in the Record.
Mr. President, we get few opportunities to help usher in visionary projects that can potentially transform communities, both of man and of nature. I rise today to talk about such a project--one that has been discussed before on this floor when I helped unveil a vision that would rehabilitate and restore New Mexico's Bosque. I return here today to implement that vision that concerns this long neglected treasure of the Southwest.
According to an old Chinese Proverb, ``if you are thinking one year ahead, sow seed. If you are thinking ten years ahead, plant a tree. If you are thinking 100 years ahead, educate the people.'' The bill I am introducing today encompasses the wisdom of that proverb.
The Albuquerque metropolitan area is the largest concentration of people in New Mexico. It is also the home to the irreplaceable riparian forest which runs through the heart of the city and surrounding towns that is the Bosque. It is the largest continuous cottonwood forest in the Southwest, and one of the last of its kind in the world.
Unfortunately, mismanagement, neglect, and the effects of upstream development have severely degraded the Bosque. The list of its woes is long: it has been overrun by non-native vegetation; graffiti and trash mar locations along its length; the drought and build up of hazardous fuel have contributed to fires. As a result, public access is problematical and crucial habitat for scores of species is threatened.
Yet the Middle Rio Grande Bosque remains one of the most biologically diverse ecosystems in the Southwest. My goal is to restore the Bosque and create a space that is open and attractive to the public.
This is a grand undertaking to be sure; but I want to ensure that this extraordinary corridor of the Southwestern desert is preserved for generations to come--not only for generations of humans, but for the diverse plant and animal species that reside in the Bosque as well.
The rehabilitation of this ecosystem leads to greater protection for threatened and endangered species; it means more migratory birds, healthier habitat for fish, and greater numbers of towering cottonwood trees. This project can increase the quality of life for a city while assuring the health and stability of an entire ecosystem. Where trash is now strewn, paths and trails will run. Where jetty jacks and discarded rubble lie, cottonwoods will grow. The dead trees and underbrush that threaten devastating fire will be replaced by healthy groves of trees. School children will be able to study and maybe catch sight of a bald eagle. The chance to help build a dynamic public space like this does not come around often, and I would like to see Congress embrace that chance on this occasion.
Having grown up along the Rio Grande in Albuquerque, the Bosque is something I treasure, and I lament the degradation that has occurred. Because of this, I have been involved in Bosque restoration since 1991, and I commend the efforts of groups like the Bosque Coalition for the work they have done, and will continue to do, along the river. I propose to build on their efforts with the legislation I am introducing today.
I remain grateful to each of the parties who has been involved with this idea since its inception. Each one contributes a very critical component of the project. The Middle Rio Grande Conservancy District (the ``MRGCD") owns the vital part of the Bosque which runs from the National Hispanic Cultural Center north to the Paseo Del Norte Bridge. The MRGCD has proven to be a valuable local partner that has worked with all parties to provide options on how the Bosque can be preserved, protected and enjoyed by everyone. Additionally, the Army Corps of Engineers is developing a preliminary restoration plan for the Bosque along the Albuquerque corridor.
My bill authorizes $10 million dollars in Fiscal Year 2007 and such sums as are necessary for the following nine years to complete projects, activities, substantial ecosystem restoration, preservation, protection, and recreation facilities along the Middle Rio Grande. I urge my fellow members to help preserve this rare and diverse ecosystem and to aid the city of Albuquerque and the State of New Mexico in building a place to treasure.
I ask unanimous consent that the text of the bill be printed in the Record.