I thank my colleague for the time, and I thank Mike Conaway for his great comments. And it is important that we are here tonight, and it is important that we continue to push this issue, especially as we are coming close to the time when…
I thank my colleague for the time, and I thank Mike Conaway for his great comments. And it is important that we are here tonight, and it is important that we continue to push this issue, especially as we are coming close to the time when we adjourn for what we call our district work period, which is for layman's term it is really the month of August, and it will go to the first week of September. We will be back in our district. Members will be traveling around the world on the congressional delegation tours and events.
But one of the main premises that we are trying to address this week is just stating the position that we should not leave. We should not adjourn and leave Washington until we have at least one vote on increasing supply.
We have been talking about bringing on supply as part, not the totalitarian solution, but as part of the solution, and we have been down here 3 months straight pretty much and continue to drive the message. And in the People's House, the House of Representatives, this is the body that you are supposed to hear the outcry of the citizens. You are supposed to hear the pain and the agony, as my colleague from Texas stated. And you are supposed to transform those cries for help from the citizenry to at least a debate on the floor and hopefully a vote to address these issues.
I too did a tele-town hall meeting last night, and an independent trucker called me up. And you know what he was saying. He is saying, I can't make it. I can't make ends meet. I used to be able to make a good income for my family and provide for them. But now with the doubling of the cost of diesel fuels, I don't know, we need help. And his response, and I think we have been helpful in moving the debate nationally, is we need to bring on more supply.
So I would like to just go back to the basics real quick, where we came from, where we are at and where we are headed. And because my debate has been over a period of months, I have softened the debate as far as the real partisan rancor and just talked about the facts.
So I go back to when President Bush got sworn in. The price of a barrel of crude oil was $23. Now, when I came in, elected in 1996, came in 1997/1998 we were worried that the price of a barrel of crude oil was so low that it was going to close the margin wells in Southern Illinois. It was down to about $10 a barrel.
So here we are at $23. The new majority comes in January 2006. The price of a barrel of crude oil is $58.31. And today, I think this is correct. If it is not, it is close. $123.67.
And then the basic of this chart is just to say, you know, the trend line is not good. It doesn't matter if you start in January 2001, it doesn't matter if you start back in January of 1997, January 2001, January 2006, or today, this trend line is not good, and it is not sustainable for the people that we ought to be standing up for on the floor of the House here, and that is the middle income, lower middle income individuals who are disproportionately hurt by high energy prices.
The poor, they are not going to go out to the new car dealer and buy the Toyota Prius. If they are lucky, they are going to scrape some money together, they are going to go to the used car lot, and they are going to get whatever they can afford to get them to work. That is what the poor are going to do.
And when we cause this increase in the price of a barrel of crude oil, which translates into an increase in gasoline costs, we hurt the people that we are trying to protect, which is the poor, the middle class, and in my aspect of my district, rural America.
Rural America is disproportionately harmed greater because in rural America you have to drive many miles to get to your schools. You have to drive many miles to get to your health care. You have to drive many miles to get to your job, and so that is the difficulty.
Now, here is the problem. Here are some solutions. And part of that solution is what my colleague from Texas said, Americans for American energy. American energy translates into American jobs. In a time of low economic development, wouldn't it be great to use our own resources to create American jobs using American energy?
So we have a couple of things here. Of course, parochial interests are always important. We have 250 years worth of recoverable coal in the United
States. We have as much Btu, British thermal units, of coal in the Illinois coal basin as Saudi Arabia has in oil. We use coal; 50 percent of all of our electricity is generated by coal in this country. But we can also use coal to turn it into liquid fuels.
Wouldn't it be great to have a competitor at the pump to gasoline, based upon crude oil, so that there is some competition between the liquid fuels competing for lower prices, better quality, better service?
And we do that by taking a coal field, American jobs, building a coal to liquid refinery, American jobs to build the refinery, American jobs to operate the refinery, a pipeline, American jobs to build the pipeline, to the airports of the world. You can take coal, you can turn it into jet fuel.
Why do we have four budget airlines have gone broke? Why is American Airlines charging $15 a bag? Why are our airline tickets going up? It is all because of the high price of fuel. And if we incentivize coal using fissure trope technology into jet fuel, we would not have the loss of these aviation jobs that we have today. And that is a trickle- down aspect, because when people are unemployed they are not going to the store. They are not going to go to the movie theater. As my colleague from Texas says, they are going to make decisions whether to go to vacation or send people to camp or just stay at home.
I would be happy to yield.
Well, the answer is it is the extreme environmental left that hates coal. The leader of the other body, Senator Reid said, ``Coal will kill you.'' That is his direct quote. And so that is the leadership is saying that coal is bad.
I am here to say that coal is good. It can address our concerns. It could bring on more supply. We can do it cleanly, we can create jobs, and it is part of the solution. Our part of the debate is American energy, all-of-the-above. Part of that all-of-the-above is the great use of a great resource. We have more recoverable coal in this country than any country in the world and we ought to take advantage of it.
And part of the debate is, you know, we are one of the few major--it doesn't have to be a major country. Most countries, when they see a great resource that they have available, they say, yahoo. We have a strategic advantage because we can create low cost power which will help our manufacturing base, which will help create jobs.
We see a national asset like coal and we say, we have an environmental disaster here. And there is no way we are going to use this. And that is the fallacy, not just in coal, but it really involves any of the fossil fuel arena, whether it is our OCS, or Outer Continental Shelf, whether it is the billions of barrel of oil, the trillions of cubic feet, it is the inability to look at that as a strategic national advantage and look at it like an environmental hazard, by the Democrat leadership, both here in this House and in the other body, that is stopping our ability to take advantage of the resources we have involved in this country.
And the country is now awakened, and they know that we have these resources, and they are really confused as to why we are not taking advantage of them.
That is correct.
Well, that is true. Let me just give you a--for every dollar increase in a barrel of crude oil it costs our United States Air Force $60 million. That is $60 million of our taxpayers dollars that has to go just to fuel the aviation fleets of our, the defense of our country.
And you mentioned the Democrat majority. I know it is the Democrat leadership. I am hoping, I know I have got a lot of great Democrat friends in those coal areas that are just looking for the right time. We are just here trying to encourage them to seize the day, seize the moment and help bring supply on.
I would be happy to yield.
I have no disagreement with that. We have an all-of-the- above strategy. We have an American energy, you know, meet the American needs. It is all of the above. It is highlighting the great abundance of coal that we have in this country, and taking advantage of it.
We get it. We are going to do it in an environmentally safe and sound way. But we want to bring other commodity products to help make our energy needs. We want to thrust them in a competitive market with other sources of energy so they compete at the pump, so that we have lower prices. It is the American way, and we ought to encourage it.
I will just be brief. And I thank you for the question.
And there was a time when you just grabbed the coal and threw it in and you burned the coal. Pretty dirty, pretty sooty emissions, and that goes back to the advance of the industrial age.
Then they developed crushing and pulverizing the coal and sweeping it up in oxygen to burn it a little more thoroughly. It still has, if you're a climate change person and carbon person, that still you have the carbon emissions.
Now, the carbon emissions are not toxic. It's not like nitrous oxide, it's not like SO2. It's not like particulate matter. It's not an issue where people are going to point the finger and say, Oh, you're causing a disease by these emissions. Carbon, it's naturally occurring, but there are some people who have problems with that.
So the best way to address that is to go back to technology that was developed in World War II. It's Fischer-Tropsch. Franz Fischer and Hans Tropsch. It's almost like kind of a joke. It's Hans and Franz, Fischer and Tropsch, who developed the technology to take coal, synthetically, and gasify it or turn it into liquid fuel. And when you gasify it and you burn it, you burn it cleanly. And in that extreme, you can pull off the carbon in a more economic manner.
I have got a lot of other colleagues that want to talk. I will finish with my last poster here.
We've talked about the coal-to-liquid. But here is what the current debate here is on the floor. What about the Outer Continental Shelf? We have all of these available locations. We only explore off of 15 percent of our Outer Continental Shelf. That means 85 percent is off limits by a legislative fiat by us.
If we explore there and when we recover oil and gas, those companies pay royalties to us, and those royalties can go to solar and wind, they can go into renewable fuels. My colleague from Tennessee mentioned cellulosic and the debate on biofuels.
What we want is American-made energy creating American jobs, an all- of-the-above position, so that these energy events compete, and that's what I like about it. They compete for our attention based upon offering lower prices. When you have a one-fuel policy like we have today, you have no competition. You're held hostage to the imported barrel crude oil, and we need to break away from that.
I want to thank my colleague from Texas and make sure that my other colleagues have plenty of time.