I was going to suggest that to the Senator from New Mexico and the Chair. Mr. President, I thank my colleague from Missouri for his kind comments. It is a great pleasure to be here today to talk on behalf of such an important amendment and…
I was going to suggest that to the Senator from New Mexico and the Chair.
Mr. President, I thank my colleague from Missouri for his kind comments.
It is a great pleasure to be here today to talk on behalf of such an important amendment and to recognize that we certainly have come a long way.
For many years, our Nation has needed a sound and balanced energy policy that includes a renewable fuels standard. For many years, we have all talked and talked about alternative energy, about renewable energy, and today with the first bipartisan leadership amendment of this Congress, the Republican and Democratic leaders have introduced the renewable fuels standard legislation as an amendment to S. 14.
I believe what has happened today stands on the shoulders of the work by many of the most distinguished Members of this body in the last decade. We heard from the senior Senator from Missouri. We are going to hear from the Senator from Nebraska and the compromise, if you will, in the last Congress.
The renewable fuels standard is the biggest single reason I sought to get on the Energy Committee. I am proud to be one of the cosponsors of the amendment and to be associated with what is going to happen today. I know there are going to be many chances to come to the floor and fend off various second-degree amendments from opponents of renewable fuels. So I will keep my initial comments brief today. I look forward to future opportunities to discuss other aspects of the amendment.
I note also at the outset that this legislation is supported by a historic coalition. When you get a coalition that ranges from the Farm Bureau to the American Petroleum Institute, it tells you the consensus that has been created finally on behalf of this idea. It is because it is a good idea. It is because it is the right thing to do. It is at the crux of so much we all want for Americans. It is at the crux of economic growth in jobs. It is at the crux of energy security. It is at the crux of environmental quality and value-added agriculture and family farming.
An article ran on April 23 in the Daily Statesman, which is the daily paper in Dexer, MO. The headline was ``Missouri Job Loss Rate Number One in the Nation.'' Last year, Missouri lost 77,000 jobs. The enactment of the renewable fuels standard will, first and foremost--and right away--bring thousands of jobs to Missouri, and tens and tens of thousands of jobs--hundreds of thousands of jobs--to the country.
We are talking about long-term good jobs in agriculture, in trade, in transportation, in energy, and in food processing. We are talking about jobs on the farm. We are talking about construction jobs to build these plants and maintain them. We are talking about jobs for the suppliers of these ethanol plants. We are talking about jobs for those who buy the ethanol and the by-products. We are talking about transportation jobs in shipping the ethanol. We are talking about trade opportunities for the United States. It will happen as a result of what I believe the Senate is going to do today.
A recent study found that increasing ethanol production to 5 billion gallons annually would create 214,000 jobs in the country, $5.3 billion in new investment, and increase household income by $51 billion. I want those benefits for this country, and I want those benefits for Missouri.
These increasingly modern ethanol plants are equipped to produce 40 million gallons of ethanol a year. I have visited the plants, as has my colleague, Senator Bond, in Missouri, plants we already have in Craig and Macon. The economic benefits of one of those plants are significant. They include an increase of household income for the community, the county in which these plants are operated; many of these counties have been struggling economically. It includes an increased household income of $20 million for these counties annually. Additional farmer cooperatives around the State of Missouri are organizing funding in an effort to produce even more ethanol in Missouri. I know this is happening in Nebraska. It is happening all over the Midwest. It is going to continue happening.
Ethanol is also at the crux of energy security for America. Ethanol, biodiesel, and other renewable fuels are going to be playing an increasing role in reducing the need for imported oil. This is an area where I have to respectfully disagree with the opponents of the renewable fuels standard.
I am very strongly in support of providing incentives for increased exploration and recovery of oil reserves in this country. And we have a progrowth, proenergy energy bill, largely because of the efforts of the distinguished chairman of the Energy Committee. I have supported every effort to increase the amount of oil reserves we have in the United States and that we can practically explore and recover.
But it is clear that we cannot just drill our way out of our dangerous oil dependency. We have to have other alternatives, and ethanol and biodiesel are the alternatives we have now--not 5 years, not 10 years, not 15 years from now, but now--to reduce our dependence on oil imports. I do not ever want to be in a situation again where we are sending $4 billion a year to somebody like Saddam Hussein to buy oil, and depending on regimes like that one for the health of our national economy.
Ethanol is a key to energy independence for the United States. The United States is increasingly dependent on imported energy to meet our personal, transportation, and industrial needs. As a domestic, renewable source of energy, ethanol can reduce our dependence on foreign oil and increase the United States' ability to control its own security and economic future. Our energy policy should first and foremost promote domestic, renewable fuels, not foreign oil imports.
This is an area where I respectfully disagree with the opponents of renewable fuels standard. It is clear that we cannot drill our way out of our dangerous oil dependency--especially
without access to the oil in Alaska's ANWR. America's national, energy, and economic security are vulnerable due to our dangerous dependence on oil imports.
In 1999, America was importing over 55 percent of its oil and petroleum products. Just 2 years later, our dependency increased to over 59 percent. By 2025, the Energy Information Administration projects the U.S. will import nearly 70 percent of its petroleum. Something must be done.
It is absolutely necessary that we take steps to reduce our dependence on foreign oil. Over the next decade the RFS will reduce crude oil imports by an estimated 1.6 billion barrels.
In addition to the establishment of a national ethanol standard, the amendment has other important provisions that include an orderly phase- down of MTBE use and removal of the oxygen content requirement for reformulated gasoline. That is very important, and it is very important to the environment.
I am sure that over the coming weeks we are going to have a lot of opportunities to debate things such as climate change and CAFE standards. I remind opponents of this amendment that ethanol is one of the best tools we have to fight air pollution from vehicles. I encourage all proenvironment organizations to score this amendment as a vote in favor of America's air quality.
The use of ethanol-blended fuels reduces greenhouse gas emissions by 12 to 19 percent compared with conventional gasoline. The American Lung Association of Chicago credits ethanol-blended reformulated gasoline with reducing smog-forming emissions by 25 percent since 1990. Again, this is an alternative which we have today to protect the environment.
The chairman's energy bill contains many exciting opportunities for the development of clean hydrogen vehicles. I support that. But those technologies are a long way off.
My children may drive hydrogen cars. Today I can drive a car fueled by ethanol. A couple weeks ago, I visited a Break Time convenience store in Columbia, MO, that is selling ethanol at the same price that it is selling regular gasoline.
Renewable fuels such as ethanol and biodiesel provide a solution to our air quality problems that we can use now. Today you could fill your car with an ethanol blend or a biodiesel blend--without any changes to your vehicle. The chairman's energy bill contains many exciting opportunities for the development of a clean, hydrogen vehicle, but we all know these technologies are a long way off. My children may be driving these hydrogen cars, but today I can drive a car fueled by ethanol. Fleet vehicles in Missouri can run on ethanol or biodiesel without any costly engine upgrades--today.
The use of these renewable fuels will bring environmental benefits in the short term while we continue to explore long-term opportunities such as hydrogen cars and other technologies.
As I said, I recently toured both of the ethanol plants in Missouri and visited an ethanol fueling station during the April recess. I have to tell you, this is an exciting and innovative way to add value to traditional commodities. The use of grain for ethanol production adds up to 30 cents to every bushel of corn. Not only do farmers benefit from the higher price but also by joining cooperative and building ethanol production facilities. They are able to directly take advantage of the value-added market through ownership of the plant. They continue to make money during times of price volatility.
There is no question that the renewable fuels standard will reduce our dependence on foreign oil. It will slow the deterioration of the environment through the reduction of fossil fuel emissions, enhance national, energy and economic security, create a new industrial base with tens of thousands of new, high quality jobs, and add value to traditional commodities.
I am happy to join Senate Leadership in offering this amendment. It is time that we make the RFS a part of our national energy policy.
Mr. President, I want to say how pleased and proud I am to be a part, in a small way, of this effort. I am especially pleased that this is the first bipartisan amendment that is being offered on the Senate floor. It will strengthen this energy bill we put together under the leadership of Senator Domenici. It is something we can all stand up and support.
I hope we will get a thumping, bipartisan majority in support of this amendment. Again, it is a key to jobs. It is a key to energy independence. It is a key to environmental quality. And it is a key to value-added agriculture and the family producers in Missouri and around the country. I am pleased to speak in favor of it.
I yield the floor.