Mr. President, will the Senator yield for a unanimous consent request that I be allowed to speak immediately following her? I ask unanimous consent to be recognized immediately following the remarks of the Senator from California. Mr.…
Mr. President, will the Senator yield for a unanimous consent request that I be allowed to speak immediately following her?
I ask unanimous consent to be recognized immediately following the remarks of the Senator from California.
Mr. President, I think it is very important that we revamp and talk about what is going on here because we have been trying to pass this Energy bill, really, since May. Our leader, Senator Frist, and the committee chairman, Senator Domenici, have asked people to come forward and offer their amendments time and time and time again. We have not had amendments offered; we have not had time agreements; we have not had the momentum to move forward on this bill.
Senator Frist, as is usual around here, did allow other business to be done in between because we were not able to make headway on this bill. Senator Frist announced at the first of this week that we were going to finish this Energy bill. But time and time again, it has broken down, amendments have not come forward, we have not had time agreements, and we have not been able to move forward.
The bill we are working on is a bill that came out of committee. It was hammered out by the committee under the leadership of the chairman and the ranking member--the two Senators from New Mexico. It came to the floor in relatively good shape. There were certainly amendments in order, and that is the right of every Senator. But it is also the responsibility of a Senator to say what the amendments are, put them forward, make the arguments, and let's move on. That is how you get a bill off the floor. We have been thwarted in those efforts time and time and time again.
We import 56 percent of the energy needs of this country. How can we be so blind when we see what is happening in the Middle East right now? We know the Middle East is volatile, we know it is the largest source of our imported energy. Yet we have been working on this Energy bill for actually 2 years and, if we don't pass an Energy bill, we are not going to become more self-sufficient. How can we miss this opportunity? It is an issue of consumer availability. It is an issue of responsible regulation. It is also an issue of security for our country--that we have the supplies that are sufficient so we will not be beholden to any other country in the world for our energy needs, and so we will have the ability to keep our economy strong and protect the people of our country. At no time was that made more clear than on September 11, 2001.
We need to finish this bill. I think a fair offer has been made. It does close out some amendments. It closes out some amendments on which I was working. I think if we all look at the big picture, we will determine that it is better to pass the bill that we had on the floor last year, which passed 88 to 11, after the Senate wrote the bill on the Senate floor. I didn't like all of it, but it was a good start at making our country more energy self-sufficient. Furthermore, it would have put people to work. Why on earth would we not, in this very hard economic time, realize that we need to put our people back to work? There are many parts of the bill that we are working on that came out of committee. There are many parts of the bill we passed last year that will put people back to work.
This bill is very balanced. It assures that we will have more energy coming from our country in the traditional ways, such as oil and gas exploration and trying to encourage clean coal, because we have an abundance of coal and it can be used in a clean, environmentally safe way if we enact the amendments and the bill from last year that encourage clean coal development. It also encourages new forms of energy--renewable energy, energy that comes from different sources, alternative sources, such as wind and ethanol--different sources even than we know about today--through research.
It is very important that we develop our own sources of energy. Nuclear energy is clean energy. It has been wiped out in our country because of the liability and the extremism that has kept anyone from making an investment in a nuclear powerplant for about the last 15 years. But nuclear energy is a major source in many European countries, and it is very clean and safe if it is done right.
So I think it is very important that we have this bill, or pass last year's bill, and that we stop talking about who is delaying. We have had the bill on the floor for a week and we have not been able to get through all of the stalling. So I think it is time for us to fish or cut bait before we leave. I think a fair offer has been made, and I think it is time for us to go forward and pass an Energy bill for our country.
Let's have the debate, let's vote up or down, and let's try to use the good parts of this bill for the future of our country. It encourages new and marginal well drilling. A lot of people say, well, a 13-barrel-a-day well is not going to make us more energy self- sufficient. But, at one time, before prices got so low that the little guys could not make it, we had 500,000 marginal wells drilling in our country. That provided a lot of jobs, and it also equaled the amount of oil we import from Saudi Arabia every day. But the little guys have very low margins at 13 barrels a day, and they cannot make it when the price of oil falls below $18 a barrel. So if we just have a mechanism by which you get some tax relief if prices fall below $18 or $17 or $16 a barrel, then those people will know they can stay in business; they will go out and find the oil and they will take the time and the expense to drill. They will not take the time to drill if we don't give them some assurances. This bill does that, and so did last year's bill. It is very important to encourage our people to go out and look for oil and gas resources.
The Gulf of Mexico is the second largest capability we have after Alaska. We have been prohibited from drilling in ANWR, and that is not in the bill. But the Gulf of Mexico is available and it is the second largest resource we have in this bill before us, as in last year's bill. We do have incentives that would allow people to go to the great expense of a deep gulf drilling because they will know they will have the capability, if they find oil or gas, to be able to afford to get it out and keep those jobs in our country.
There is a reason for us to stay on this bill. The reason is the national security of our country. That is why our leader, Senator Frist, has said from the beginning of this week that we have already spent 2 weeks on this bill and now is the time for the Senate to act.
There is no reason for us to leave without an Energy bill. We have given it time. If people are sincere about wanting an Energy bill to pass, this is a good bill. Last year's bill is a bill with which we can work. We have already voted on a major amendment, the Bond-Levin CAFE amendment, which will have good science in fuel efficiency standards. The Senate has spoken on that issue.
Why don't we keep going? Why don't we close out the electricity title to this bill? It has been very controversial, but we put all the groups together, we have gone through all the disagreements, and we have come to some terms. Why don't we go forward on this bill?
Yes, a few people would not be able to offer their amendments because they did not come forward all these weeks we have had the bill before the Senate. Some people have, and we have voted on their amendments.
We do not need to be pointing fingers. The majority brought up the bill. Senator Domenici has been working on this bill diligently. Senator Domenici gave up the last 2 years of his chairmanship of the Budget Committee, which he loved, because he was dedicated and committed to getting an Energy bill out of the Senate and to the President's desk. He has not had the cooperation he deserves to do what he has been trying to do all these years.
Senator Domenici put the bill through the committee. He did not bypass the committee as was done last year. He put it through the committee, and he worked with all of the factions and interest groups. He deserves to finish this bill this week as we proposed to do.
We have tax incentives in this bill that will encourage the new kinds of energy that might be what will make the difference in sufficient energy in our country. Maybe it will be the clean coal power initiative that will get us over the hump to gasify coal in an environmentally safe way.
If we continue to put regulatory hurdles in front of our ability to develop new sources of energy in a responsible way, we are going to do two things: We are going to continue the deficit in our ability to provide our own energy for the people of the United States of America, and we are going to send jobs overseas at a time when unemployment is at a high point this year. I do not see the wisdom in that, and that is why we have been pushing all week to get this bill completed.
The United States has the 12th highest proven oil reserves in the world. Sixty-five percent of those reserves are concentrated in Alaska and the Gulf of Mexico. This bill will help the Gulf of Mexico, and it will help get the resources from Alaska through a pipeline down to the lower 48. This bill does not allow drilling in ANWR, but it does allow us to have a direct pipeline that will take the natural resources--the gas--out of Alaska and bring it down to the lower 48.
This is a huge job creator and a huge benefit for the consumers and the businesses of our country that must have energy to keep their businesses and their manufacturing operations open. I have talked with farmers and small business people about the increasing rates of natural gas and electricity, and it is driving their costs up at a time when they are not able to get higher prices for their products, and that is an alarming hit on our economy.
Why are we still talking about this bill instead of working on the electricity title and getting this bill through the Senate or taking up the offer that was made by the leadership that we take up last year's bill that passed this body 88 to 11, pass it, and go to conference and continue to work on getting a bill to the President of the United States?
Even if everything in this bill or last year's bill is not to my liking, which it is not, it is a major step for energy sufficiency, a major step in conservation, and a major step in job production for our country at a time when we need it.
I hope we will be able to move forward on this bill or on last year's bill with the goal that we will finish this bill this week. That is what we can do if we will stop talking--and I am talking because we do not have an agreement yet, but I will gladly yield to anyone who comes to the Chamber and says, We have an agreement to go forward, because I want an Energy bill this week. That is why Senator Frist laid it before the Senate and why Senator Domenici got it out of committee and why we have been trying to pass this bill since last year, since early this year, since May when it came out of committee and we first tried to pass it. We have seen delay after delay.
I hope we will buckle down in the next hour and start the electricity title again or enter into an agreement that we are going to pass last year's bill, debate it, let everybody have their say, and see if we can move forward, even if it is not 100 percent what people want. I have not seen a bill come out of the Senate very often that is 100 percent of what I want. That is why we have 100 Senators representing 50 States and the required compromises that produce a bill.
I hope we will stop the delays and that we will work with Senator Domenici. He has made every offer that can possibly be made in an effort to move this bill forward. He has offered to keep going through the electricity title. Let's finish that. That would be a major accomplishment. And then let's go on to the tax title. A lot of people could be put back to work with the tax title because it encourages more sources of energy, and we can do that before the end of this week if we will start working and stop the delay we have seen week after week and month after month.
Mr. President, I yield the floor and suggest the absence of a quorum.
I withdraw my request for a quorum call.