Madam Speaker, it's interesting to follow my colleague from Florida because this cap-and-trade bill that's going to the floor will definitely cost jobs, and I have a lot of examples to promote that and prove that. The Pennsylvania Public…
Madam Speaker, it's interesting to follow my colleague from Florida because this cap-and-trade bill that's going to the floor will definitely cost jobs, and I have a lot of examples to promote that and prove that.
The Pennsylvania Public Utility Commission said in a memo to members of his delegation that: However, if the Waxman-Markey bill were to pass, Pennsylvania is looking at a bleak scenario by 2020: a net loss of as many as 66,000 jobs, a sizeable hike in electricity bills of residential customers, an increase in natural grass prices.
You don't want to believe the public utility commission, just take John Dingell who is the chairman emeritus, having served here over 50 years. He's quoted as saying, Nobody in this country realizes that cap- and-trade is a tax and it's a big one.
And if you don't believe that, just listen to the comments made by now-President Barack Obama in January 2008: Under my plan, a cap-and- trade system, electricity costs would necessarily skyrocket.
Now, in economies like we have today, the last thing you want to do is affect jobs and cause the loss of jobs, either by moving away from the fossil fuel infrastructure that makes our country great or by raising electricity rates.
I always bring this poster to the floor. These are miners that lost their jobs in the last iteration of the Clean Air Act. This one mine had 1,200 miners. After the passage of the Clean Air Act they lost their jobs. This is Monterey 10 in Kincaid, Illinois.
Here's a report from the Illinois Department of Natural Resources. Listen to what happened after the Clean Air Act of 1990's amendment: Exxon Coal, Monterey 2, closed by market conditions brought about by the Clean Air Act; the next one, Ziegler Coal, Old Bin No. 24, market conditions by the Clean Air Act Amendments. We also have this one, Monterey 10, market conditions brought about by the Clean Air Act Amendments, and many more on this report.
What a cap-and-trade bill does is cap fossil fuel use. It says you cannot use this anymore. What is a fossil fuel? It's coal, it's natural gas, it's crude oil. It's what we use to create the strongest economy in this world, and if you cap it and we have electricity demands go up, only one thing can happen, higher electricity rates.
Now, if my friends on the other side were serious about carbon dioxide, in their bill they would forcefully push for the expansion and use of nuclear power. But is it there in their bill? No. Nuclear power emits no carbon dioxide into the atmosphere. That's why many of us on our side really question the sincerity of our friends on the other side because there's no major promotion of nuclear power.
Republicans have an alternative. It's the All-American Energy Security Act. It's very simple. It says we like energy, we like to use it, and we want all comers to come into the market of ideas to compete for use by consumers, driving down prices.
These areas, the Outer Continental Shelf, are all natural gas. We would exploit natural gas and crude oil reserves. We would take the revenues to go to renewables, wind and solar power which is being exploited around the country right now. We would make fuel from coal. We would take coal, 250 years' worth of recoverable coal, turn it into liquid fuels, decreasing our reliance on imported crude oil. We would continue to move and exploit biofuels, which is soy diesel, corn, cellulosic, and the like.
And the great ``add'' in the All-American Energy Security Act from the Republicans is, we need to build 100 new nuclear power plants in the next 20 years. That is a commitment on lower electricity prices for the consumer, and that is a down payment on energy security. We have 31 permits now in the process of going through. We only have credits for three nuclear power plants to be built. That doesn't touch the increased demand that we're going to have.
So either you have job loss, higher prices, and a cap-and-tax demand- control economy energy future, or you have an all-of-the-above strategy which sets standards and says we want all comers to come and provide the energy that Americans need, bringing more supply and lower prices, and creating jobs.