Senate Session 2012-03-01 (11:45:24-12:50:58)


VOTE: SMIE VOTE:
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ARE THERE ANY SENATORS IN THE CHAMBER WISHING TO VOTE OR CHANGE THEIR VOTE?
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48. THE AYES ARE 51, THE NAYS ARE THE MOTION TO TABLE IS AGREED TO. WITHOUT OBJECTION, SO ORDERED. MR. PRESIDENT? THE MAJORITY LEADER. I ASK UNANIMOUS CONSENT THAT WE PROCEED TO A PERIOD OF MORNING BUSINESS UNTIL 2:00 TODAY SENATORS ALLOWED TO SPEAK UP TO TEN MINUTES EACH DURING THAT PERIOD OF TIME. WITHOUT OBJECTION, SO ORDERED. A SENATOR: I SUGGEST THE ABSENCE OF A QUORUM. THE CLERK WILL CALL THE ROLL. CALL: QUORUM CALL: THE
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RECOGNIZED. SENATOR FROM NEW MEXICO IS THE SENATE BE IN ORDER. THE SENATE IS IN A QUORUM CALL. THANK YOU, MR. PRESIDENT. I ASK UNANIMOUS CONSENT THE QUORUM CALL BE DISPENSED WITH.
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WITHOUT OBJECTION, SO ORDERED. MR. PRESIDENT, I’D SEND A BILL TO THE DESK ENTITLED “THE CLEAN ENERGY STANDARD ACT OF 2012,” AND ASK THAT IT BE APPROPRIATELY REFERRED. THE BILL WILL BE RECEIVED AND APPROPRIATELY REFERRED. MR. PRESIDENT, LET ME TAKE A FEW MINUTES TO DESCRIBE THIS LEGISLATION FOR MY COLLEAGUES AND HOPEFULLY URGE THEM TO SERIOUSLY CONSIDER THIS LEGISLATION. IT IS INTRODUCED BY ME WITH SEVERAL COSPONSORS, SENATORS WYDEN, SANDERS,, SENATOR MARK UDALL FROM COLORADO, SENATOR FRANKEN, SENATOR COONS, SENATOR KERRY, SENATOR WHITEHOUSE, SENATOR TOM UDALL FROM MY HOME STATE OF NEW MEXICO. ALL OF THOSE INDIVIDUALS STRONGLY SUPPORT WHAT WE’RE TRYING TO DO IN THIS LEGISLATION. I PARTICULARLY WANT TO THANK THE STAFF OF THE SENATE ENERGY COMMITTEE FOR THE HARD WORK THEY’VE PUT IN TO DEVELOPING THIS PROPOSAL, PARTICULARLY KEVIN RINEHART. KEVIN RINEHART WHO WORKED VERY HARD ON THIS PROPOSAL AND GOT A LOT OF VERY USEFUL INPUT FROM MANY SECTORS AND MANY INDIVIDUALS. THIS IS A SIMPLE PLAN TO MODERNIZE THE POWER SECTOR AND GUIDE IT TOWARD A FUTURE IN WHICH MORE AND MORE OF OUR ELECTRICITY IS GENERATED WITH CLEANER AND CLEANER ENERGY. THE PURPOSE OF THE LEGISLATION IS TO MAKE SURE THAT, AS WE CONTINUE TO GROW AND POWER OUR ECONOMY, WE LEVERAGE THE CLEAN RESOURCES THAT WE HAVE AVAILABLE TODAY AND ALSO PROVIDE A CONTINUING INCENTIVE TO DEVELOP THE CHEAPER, CLEANER TECHNOLOGIES THAT WILL BE NEEDED IN THE FUTURE. WE WANT TO MAKE SURE THAT WE DRIVE CONTINUED DIVERSITY IN OUR ENERGY SOURCES AND ALLOW EVERY REGION OF THE COUNTRY TO DEPLOY CLEAN ENERGY USING THE APPROPRIATE RESOURCES FOR THAT REGION. WE WANT TO MAKE SURE THAT WE DO ALL OF THIS IN A WAY THAT SUPPORTS HOMEGROWN INNOVATION AND MANUFACTURING AND KEEPS US COMPETITIVE IN THE GLOBAL CLEAN ENERGY ECONOMY. THE PLAN THAT WE’RE PUTTING FORWARD WITH THIS LEGISLATION WOULD IMPLEMENT A CLEAN ENERGY STANDARD OR C.E.S. FOR SHORT, AND LET ME DESCRIBE HOW IT WORKS. STARTING IN 2015, THE LARGEST UTILITIES IN THE COUNTRY WOULD MEET — WOULD MEET THE CLEAN ENERGY STANDARD BY SHOWING THAT A CERTAIN PERCENTAGE OF THE ELECTRICITY THAT THEY SELL IS
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PRODUCED FROM CLEAN ENERGY SOURCES. THE INITIAL PERCENTAGE FOR 2015 IS WITHIN THE CAPABILITIES OF THOSE UTILITIES TODAY AND EACH 2015 THEY WOULD BE REQUIRED TO SELL A LITTLE BIT MORE OF THEIR ELECTRICITY FROM CLEAN SOURCES. THEY CAN DO SO EITHER BY MAKING INCREMENTAL ADJUSTMENTS TO THEIR OWN ENERGY MIX TO BECOME CLEANER AND MORE EFFICIENT OR BY PURCHASING CLEAN ENERGY FROM THOSE WHO PROVIDE IT AT THE LOWEST COST OR BY PURCHASING CREDITS ON AN OPEN AND TRANSPARENT MARKET. TO BE CONSIDERED CLEAN, A GENERATOR MUST EITHER BE A ZERO CARBON SOURCE OF ENERGY, SUCH AS RENEWABLES AND NUCLEAR POWER, OR A GENERATOR MUST HAVE A LOWER CARBON INTENSITY THAN A MODERN EFFICIENT COAL PLANT. AND BY CARBON INTENSITY, I MEAN THE AMOUNT OF CARBON DIOXIDE EMITTED PER MEGAWATT HOUR OF ELECTRICITY GENERATED. GENERATORS WITH LOW OR NO CARBON INTENSITY RECEIVE CREDITS BASED ON THAT CRITERION. FOR EXAMPLE, RENEWABLES WOULD RECEIVE A FULL CREDIT PER MEGAWATT HOUR. MOST NATURAL GAS GENERATORS WOULD QUALIFY FOR SOMETHING AROUND A HALF CREDIT. AND THE MORE EFFICIENT NATURAL GAS GENERATORS WOULD BE INCENTIVIZED COMPARED TO LESS EFFICIENT GENERATORS. A COAL PLANT, COAL-POWERED POWER PLANT WOULD RECEIVE SOME CREDITS IF IT LOWERED ITS CARBON INTENSITY BY INSTALLING CARBON CAPTURE TECHNOLOGIES OR BY COAL FIRING WITH RENEWABLE BIOMASS. SO ACCOUNTING FOR CLEAN IN THIS WAY MEANS THAT THE CLEANEST RESOURCES HAVE THE GREATEST INCENTIVE. ALSO, IT MEANS THAT EVERY GENERATOR HAS A CONTINUING INCENTIVE TO BECOME EVEN MORE EFFICIENT. AS THE STANDARD INCREASES OVER TIME, THE GENERATION FLEET WILL TRANSITION NATURALLY TOWARD CLEANER AND CLEANER SOURCES TO MEET IT. THE CLEAN ENERGY STANDARD SETS AN OVERALL GOAL FOR CLEAN ENERGY BUT THE OPTIMAL AND THE CHEAPEST SET OF TECHNOLOGIES TO USE WILL BE DETERMINED BY THE FREE MARKET. THE RATE OF TRANSITION IS PREDICTABLE AND IT’S ACHIEVABLE AND THE RULES OF THE ROAD ARE TRANSPARENT AND THEY ARE CLEAR. IN ADDITION TO DRIVING CLEANER ELECTRICITY GENERATION IN THE POWER SECTOR, THE CLEAN ENERGY SECTOR — OR THE CLEAN ENERGY STANDARD ALSO REWARDS INDUSTRIAL EFFICIENCY. COMBINED HEAT AND POWER UNITS GENERATE ELECTRICITY WHILE ALSO CAPTURING AND USING THE HEAT FOR OTHER PURPOSES, AND THESE UNITS ARE TREATED AS CLEAN GENERATORS
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ENERGY STANDARD. UNDER THIS PROPOSAL FOR A CLEAN THIS WILL HELP TO DEPLOY THIS KIND OF EFFICIENCY THROUGHOUT OUR COUNTRY AND WILL PROVIDE ANOTHER SOURCE OF INEXPENSIVE CLEAN ENERGY. NOW, MADAM PRESIDENT, LET ME ALSO DESCRIBE WHAT THIS PROPOSAL DO. THE CLEAN ENERGY STANDARD DOES NOT PUT A LIMIT ON OVERALL EMISSIONS. IT DOES NOT LIMIT THE GROWTH OF ELECTRICITY GENERATION TO MEET THE DEMANDS OF A GROWING ECONOMY ECONOMY. ALL THAT THE CLEAN ENERGY STANDARD REQUIRES IS THAT THE GENERATION WE DO USE IN FUTURE YEARS AND THAT WE ADD TO OUR FLEET GRADUALLY BECOMES MORE CLEAN OVER TIME. THE CLEAN ENERGY STANDARD DOES NOT COST THE GOVERNMENT ANYTHING AND IT DOES NOT RAISE MONEY FOR THE GOVERNMENT TO USE EITHER. IF ANY MONEY DOES COME TO THE TREASURY AS A RESULT OF THE PROGRAM BECAUSE OF REFUSAL TO PARTICIPATE OR TO COMPLY, THAT MONEY WOULD GO DIRECTLY BACK TO THE PARTICULAR STATE FROM WHICH IT CAME TO FUND ENERGY EFFICIENCY PROGRAMS. AND FINALLY, THE CLEAN ENERGY STANDARD WILL NOT HURT THE ECONOMY. THIS PAST FALL, I ASKED THE ENERGY INFORMATION ADMINISTRATION TO ANALYZE A NUMBER OF CLEAN ENERGY STANDARD POLICY OPTIONS. THE RESULTS OF THEIR STUDY SHOWED THAT A PROPERLY DESIGNED CLEAN ENERGY STANDARD WOULD HAVE ALMOST ZERO IMPACT ON GROSS DOMESTIC PRODUCT GROWTH AND
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LITTLE OR NO IMPACT ON NATIONALLY AVERAGED ELECTRICITY RATES FOR THE FIRST DECADE OF THE PROGRAM. THE ENERGY INFORMATION ADMINISTRATION ANALYSIS DID SHOW THAT A CLEAN ENERGY STANDARD WOULD RESULT IN A SUBSTANTIAL DEPLOYMENT OF NEW CLEAN ENERGY AND CARBON REDUCTIONS OF BETWEEN 20% AND 40% IN THE POWER SECTOR BY 2035, WHICH IS THE TIME FRAME PROVIDED FOR IN THE PROPOSAL. I’VE ASKED THE ENERGY INFORMATION ADMINISTRATION TO UPDATE THEIR MODELING TO REFLECT THIS FINAL PROPOSAL THAT WE’RE
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INTRODUCING TODAY AND WHEN THEY’VE COMPLETED THAT ANALYSIS WEEKS, I PLAN TO HOLD HEARINGS ON THE PROPOSAL TO FURTHER EXPLORE THE BENEFITS AND EFFECTS OF THE CLEAN ENERGY STANDARD IN THE ENERGY COMMITTEE. THE GOAL OF THE CLEAN ENERGY STANDARD IS AMBITIOUS. IT IS A DOUBLING OF CLEAN ENERGY PRODUCTION IN THIS COUNTRY BY 2035, BUT ANALYSIS HAS SHOWN
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AFFORDABLE. THAT THE GOAL IS ACHIEVABLE AND MEETING THE CLEAN ENERGY STANDARD WILL YIELD SUBSTANTIAL BENEFITS TO OUR HEALTH AND TO OUR ECONOMY, TO OUR GLOBAL COMPETITIVENESS, AND, OF COURSE, TO OUR ENVIRONMENT. THE BILL THAT WE ARE INTRODUCING TODAY IS SIMPLE. IT SETS A NATIONAL GOAL FOR CLEAN ENERGY. IT ESTABLISHES A TRANSPARENT FRAMEWORK, AND IT LETS RESOURCES COMPETE TO ACHIEVE THAT GOAL BASED ON HOW CLEAN THEY ARE AND THEN IT GETS OUT OF THE WAY AND LETS THE MARKET AND AMERICAN INGENUITY DETERMINE THE BEST PATH FORWARD. I THINK THIS IS VERY — A VERY WELL-THOUGHT-OUT PROPOSAL AND ONE THAT DESERVES THE ATTENTION OF ALL COLLEAGUES. I HOPE THAT THEY WILL LOOK AT IT SERIOUSLY, AND I HOPE THAT WE CAN ATTRACT ADDITIONAL SUPPORTERS AND COSPONSORS AS THE — AS THE WEEKS PROCEED HERE IN THE SENATE. MADAM PRESIDENT, I YIELD THE FLOOR AND I SEE I HAVE A COLLEAGUE HERE OR TWO COLLEAGUES SEEKING RECOGNITION SO I WILL NOT SUGGEST THE ABSENCE OF A QUORUM. MADAM PRESIDENT? THE SENATOR FROM TEXAS. MADAM PRESIDENT, I APPRECIATE THE OPPORTUNITY. I SEE THE SENATOR FROM ARKANSAS ON THE FLOOR. I WILL FOLLOW THE SENATOR FROM ARKANSAS ON ANOTHER PIECE OF LEGISLATION ABOUT WHICH I HOPE TO SPEAK, BUT I DO WANT TO TAKE ABOUT FIVE MINUTES TO READ THE LETTER THAT WILLIAM BARRETT TRAVIS SENT FROM THE ALAMO ON THE — TOMORROW IS THE ANNIVERSARY DATE. IT WOULD BE MARCH 2, 1836. — 176 YEARS AGO TOMORROW. I AM GOING TO READ THIS LETTER IN COMMEMORATION OF TEXAS INDZ PENCE DAY. BECAUSE IT WAS ON THIS DAY THAT TEXAS DECLARED ITS INDEPENDENCE FROM MEXICO. 59 BRAVE MEN SIGNED THE TEXAS DECLARATION OF INDEPENDENCE PUTTING THEIR LIVES AND THE LIVES OF THEIR FAMILY ON THE LINE TO DECLARE THAT THE PEOPLE OF TEXAS DO NOW CONSTITUTE A FREE, SOVEREIGN AND INDEPENDENT REPUBLIC. I’M PROUD THAT MY GREAT, GREAT-GRANDFATHER, CHARLES S. TAILOR, WAS WILLING TO SIGN THAT DOCUMENT THAT — TAYLOR WAS WILLING TO SIGN THAT DOCUMENT THAT DECLARED OUR FREEDOM. IN FACT, OUR SON HOUSTON IS NAMED HOUSTON TAYLOR HUTCHISON, FOR THAT TEXAS PATRIOT. AND I’M HUMBLED TO HOLD THE SEAT THAT WAS FIRST HELD BY ANOTHER AND ONE OF CHARLES S. TAYLOR’S BEST FRIENDS AND THAT WAS THOMAS RUSK, WHO WAS THE SECRETARY OF WAR WHO DEFENDED THE DECLARATION DECLARATION OF INDEPENDENCE
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BY FIGHTING AT THE BATTLE OF SAN JUCINTO. AS WAS THE CASE IN THE AMERICAN REVOLUTION, THE FREEDOM WAS ULTIMATELY SECURED THROUGH THE ACTIONS OF THE BRAVE TEXANS WHO FOUGHT AND DIED ON THE BATTLEFIELD. THE LATE SENATOR JOHN TOWER STARTED THE TRADITION OF A TEXAS
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LETTER. SENATOR READING THE TRAVIS IT WAS CONTINUED BY PHIL GRAMM AND I TOOK IT IN 1994 AND THIS IS SOMETHING THAT WE DO TO TELL MURK — AMERICA AND TO ASSURE THAT TEXANS ALWAYS REMEMBER THIS DAY IN OUR HISTORY. BECAUSE AFTER THIS, OF COURSE, WE BECAME A REPUBLIC AND WE WERE
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A REPUBLIC FOR TEN YEARS BEFORE WE BECAME A PART OF THE UNITED STATES. SO IT IS WITH PRIDE THAT I READ TIME AS A UNITED STATES SENATOR REPRESENTING TEXAS THE WONDERFUL LETTER THAT
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BARRETT TRAVIS. WAS WRITTEN BY COLONEL WILLIAM HE SAID, “TO THE PEOPLE OF TEXAS AND ALL AMERICANS AND THE WORLD: FELLOW CITIZENS AND COMPATRIOTS, I AM BESIEGED BY A THOUSAND OR
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ANA. MORE OF THE MEXICANS UNDER SANTA I HAVE SUSTAINED A CONTINUAL BOMBARDMENT AND CANNONADE FOR 24 HOURS AND HAVE NOT LOST A MAN. THE ENEMY HAS DEMANDED A SURRENDER AT DISCRETION. OTHERWISE, THE GARRISON ARE TO BE PUT TO THE SWORD IF THE FORT IS TAKEN. I HAVE ANSWERED THE DEMAND WITH A CANNON SHOT AND OUR FLOG STILL WAVES PROUDLY FROM THE WALLS. I SHALL NEVER SURRENDER OR RETREAT. THEN I CALL ON YOU IN THE NAME OF LIBERTY, OF PATRIOTISM AND EVERYTHING DEAR TO THE AMERICAN CHARACTER TO COME TO OUR AID WITH ALL DISPATCH. THE ENEMY IS RECEIVING REINFORCEMENTS DAILY AND WILL NO INCREASE TO 3,000 OR 4,000 IN FOUR OR FIVE DAYS. IF THIS CALL IS NEGLECTED, I AM DETERMINED TO SUSTAIN MYSELF AS LONG AS POSSIBLE AND DIE LIKE A SOLDIER WHO NEVER FORGETS WHAT IS DUE HIS OWN HONOR AND THAT OF HIS COUNTRY — VICTORY OR DEATH. WILLIAM BARRETT TRAVIS, LIEUTENANT COLONEL, COMMANDANT,”
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AND TRUE TO HIS WORD, HE DID NOT SURRENDER. THE MEXICANS DID HAVE THOUSANDS OF REINFORCEMENTS. HE DREW THE LINE IN THE SAND AT THE ALAMO. ALL BUT ONE MAN BRAVELY CROSSED THAT LINE OR WAS CARRIED OVER IT ON A STRETCHER TO ACCEPT THE CHALLENGE TO STAY AND FIGHT. THESE MEN KNEW THEY WOULD NEVER LEAVE THE ALAMO AALIVE BUT THEY HEROICALLY DEFENDED THE ALAMO FOR 13 DAYS. THE 13 DAYS OF GLORY, AS IT IS KNOWN, AGAINST A FORCE THAT EVENTUALLY OUTNUMBERED THEM BY THAN 10-1. WILLIAM BARRETT TRAVIS, DAVY CROCKETT, JIM BOUIE AND THE REST
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OF THE 89 MEN AT THE ALAMO GAVE THEIR LIVES FIGHTING FOR
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SOMETHING GREATER THAN THEMSELVES. AND IT WAS THAT DELAY THAT GAVE GENERAL SAM HOUSTON THE TIME TO ORGANIZE HIS MEN AND RETREAT TO A POINT THAT THEY COULD DEFEND WHICH EVENTUALLY BECAME THE BATTLE OF JANUARY JACINTO. SEVEN WEEKS FOLLOWED AND ON APRIL 21, 1836, SAM HOUSTON, BECAUSE OF THAT DELAY THAT WAS GIVEN TO THEM BY WILLIAM BARRET TRAVIS AND THE 189 MEN AT THE ALAMO WAS ABLE TO TAKE A STAND IS HE BATTLE OF SAN JACINTO AND TEXAS WAS A REPUBLIC FROM THAT TIME FORWARD FOR TEN YEARS. AND I HAVE TO SAY THAT TEXAS IS THE ONLY STATE THAT WAS A REPUBLIC WHEN IT ENTERED THE UNITED STATES, AND WITH THAT DISTINCTION, WE LIKE TO SHARE OUR VIVID HISTORY. I WANT TO SAY, MADAM PRESIDENT, THAT IT HAS BEEN A WONDERFUL OPPORTUNITY FOR ME TO BE ABLE TO READ THIS LETTER EVERY YEAR, AND I FEEL SURE THAT IT WILL BE CONTINUED BY SENATOR CORNYN OR MY SUCCESSOR IN THIS SEAT, AND WE WILL ALWAYS MAKE SURE THAT PEOPLE KNOW THAT WE FOUGHT FOR OUR FREEDOM JUST AS THE AMERICAN PATRIOTS DID, AND WE ARE VERY PROUD TO HAVE THAT RICH AND COLORFUL HISTORY. SO I THANK THE SENATOR FROM ARKANSAS AND LOOK FORWARD TO SERVING THE REST OF MY TERM, BUT THIS WILL BE THE LAST TIME I GET TO SHARE THAT PIECE OF HISTORY. THANK YOU, MADAM PRESIDENT. THE SENATOR FROM ARKANSAS. MADAM PRESIDENT, I THINK IT’S UNANIMOUS ON THIS SIDE OF THE AISLE THAT WE’RE GOING TO MISS THE SENATOR FROM TEXAS WHEN SHE LEAVES. IT’S SAD TO HEAR ABOUT HER DOING
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IN THE SENATE. SOMETHING FOR THE LAST TIME HERE SHE HAS BEEN A WONDERFUL SENATOR AND COLLEAGUE, AND ALL OF US ON THE DEMOCRATIC SIDE, I’M SURE THE REPUBLICAN SIDE AS WELL, WILL GREATLY MISS HER. AND ALSO, MADAM PRESIDENT, I WOULD LIKE THE RECORD TO REFLECT THAT TEXAS DOES HAVE A GLORIOUS HISTORY AND ONE OF THE THINGS THAT WE ARE PROUD OF IN OUR STATE IS THAT MANY OF THE MEN WHO GAVE THEIR LIVES FOR THE REPUBLIC OF TEXAS AT THE ALAMO ACTUALLY PASSED THROUGH ARKANSAS BECAUSE THAT’S THE OLD — I GUESS THE SOUTHWEST TRAIL BACK IN THOSE DAYS, AND MANY OF THOSE MEN PASSED THROUGH THE STATE. THERE WAS A MEETING PLACE NEAR THE TAVERN, I THINK THEY MIGHT
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ARKANSAS. CALL IT BACK THEN NEAR HOPE, WE FEEL A LITTLE PIECE OF THAT HISTORY IN OUR STATE AS WELL. MADAM PRESIDENT, I WOULD JUST THANK THE SENATOR
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FROM ARKANSAS FOR HIS KIND REMARKS. I HAVE SO ENJOYED SERVING WITH
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AND THEN HIM. THAT IS A POINT OF HISTORY FOR ARKANSAS THAT YOU FOLLOWED YOUR
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FATHER INTO THE UNITED STATES SENATE. AND I APPRECIATE SO MUCH THAT WE ARE CONTIGUOUS WITH THE STATE OF ARKANSAS AND THAT SO MANY OF THE PEOPLE WHO SETTLED THE WEST DID COME THROUGH ARKANSAS. SOME STAYED THERE AND SOME CAME ON TO TEXAS. OUR WHOLE HISTORY OF THE WEST IS SO EXCITING, AND I’M GLAD THAT WE ARE ABLE TO REMEMBER IT. THANK YOU VERY MUCH. THANK YOU. MADAM PRESIDENT, THANK YOU FOR YOUR RECOGNITION, AND I WOULD LIKE TO TALK ABOUT SOMETHING
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MIND. TODAY THAT IS ON EVERYONE’S I KNOW THAT WHEN I WAS IN ARKANSAS, THE LAST WEEK FOR THE RECESS, I DID FOUR OR FIVE TOWN HALL MEETINGS AND PRETTY MUCH EVERYWHERE I WENT, THIS WAS THE TOPIC OF DISCUSSION, AND THAT IS GAS PRICES IN OUR STATE. KNOW IT HURTS EVERY AMERICAN WHEN GAS PRICES GO UP BECAUSE GASOLINE PRICES AND DIESEL PRICES HAVE A WAY OF WORKING THEIR WAY THROUGH THE ENTIRE ECONOMY AND CAUSING ECONOMIC DIFFICULTIES FOR THIS COUNTRY, AND ONE OF THE THINGS THAT PEOPLE POINTED OUT TO ME IS THIS ROLLER COASTER EFFECT THAT WE HAVE SEEN ON GAS PRICES OVER THE LAST YEAR OR SO, AND ONE THING THAT MY FRIENDS FROM ARKANSAS NOTICED IS THAT THE PRICE THERE HAS GONE UP ABOUT 30 CENTS A GALLON JUST IN THE LAST COUPLE OF MONTHS, SO IT’S BEEN A VERY DRAMATIC INCREASE AND IT’S SOMETHING THAT PEOPLE ARE VERY CONCERNED ABOUT. I WOULD LIKE TO MAKE THREE POINTS ABOUT THIS. ONE IS I DO THINK THE CONGRESS, HOUSE AND SENATE AS WELL AS THE WHITE HOUSE SHOULD LOOK AT THIS PROBLEM OF SPECULATION. WHEN YOU LOOK AT THE NUMBERS, THAT A FAIRLY LARGE PERCENT OF THE COST OF A GALLON OF GAS. SOME PEOPLE SAY 20 CENTS A GALLON, SOME PEOPLE SAY 40 CENTS A GALLON ACTUALLY GOES TO THE SPECULATORS. SO WHAT THAT MEANS IS A LOT OF THESE GUYS HAVE NO INTENTION OF EVER TAKING THE PRODUCT, EVER DOING ANYTHING WITH IT OTHER THAN JUST TRADING IT TO PROFITEER IN A VOLATILE MARKET. SO, YOU KNOW, THAT’S A BIG CONCERN. WE ACTUALLY PASSED SOMETHING HERE TWO OR THREE YEARS AGO TO GET THE CFTC TO ISSUE SOME REGULATIONS ON HOW TO HANDLE THIS, AND NOW THOSE APPARENTLY HAVE BEEN CHALLENGED IN COURT. AND OF COURSE THE PEOPLE WHO ARE CHALLENGING ARE THE PEOPLE WHO ARE BENEFITING FROM THE SPECULATION.
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BALANCE. SO I THINK WE NEED TO FIND THAT WHEN YOU HAVE A MARKET, THERE IS GOING TO BE SPECULATORS IN THE MARKET AND THEY ARE GOING TO GET OUT THERE AND TRY TO MAKE SOME MONEY IN THE MARKETPLACE. THAT’S THE NATURE OF IT.
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LOSE. SOMETIMES YOU WIN, SOMETIMES YOU LEGITIMATE, BUT I DO THINK THAT THERE ARE PEOPLE AND COMPANIES AND SOME OF THESE INVEST BILLIONS AND BILLIONS OF DOLLARS, BUT THEY ARE TRYING TO PROFITEER OFF A VOLATILE OIL SITUATION. SO WE NEED TO FOCUS ON SPECULATION. WE ALSO NEED TO FOCUS ON THE SUPPLY OF OIL IN THIS COUNTRY. THE GOOD NEWS IS THAT WE ARE SEEING MORE AND MORE ACREAGE THAT IS BEING DRILLED AND IS PERMITTED TO BE DRILLED IN THIS COUNTRY AFTER THE TERRIBLE GULF SPILL A COUPLE OF YEARS AGO. YOU KNOW, THOSE PERMITS ARE STARTING TO BE ISSUED AGAIN DOWN IN THE GULF OF MEXICO, AS I UNDERSTAND IT. ALSO I’M A SUPPORTER OF THE KEYSTONE PIPELINE AS WELL, SO WE NEED TO CONTINUE TO DEVELOP OUR DOMESTIC SUPPLY AND EVEN OUR NEAR DOMESTIC SUPPLY UP IN CANADA OF OIL, BUT ALSO WE NEED TO HAVE DIVERSITY IN OUR ENERGY PORTFOLIO AND THERE NEEDS TO BE
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ALTERNATIVES TO GASOLINE AND DIESEL. NEED TO FIND DIFFERENT WAYS TO RUN OUR VEHICLES, WHETHER IT’S NATURAL GAS OR WHATEVER THAT MAY BE. COULD BE ELECTRICITY, COULD BE LOTS OF DIFFERENT THINGS. WE NEED TO CONTINUE TO INNOVATE IN THIS COUNTRY AND TRY TO DO GREAT THINGS.
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THAT REALLY BRINGS ME TO MY THIRD POINT. THIS IS THE REAL REASON WHY I AM ON THE FLOOR TODAY. CERTAINLY, IT TOUCHES ON GAS
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IMPORTANT. PRICES, AND THOSE ARE VERY WE DON’T WANT TO SEE GAS PRICES SLOW DOWN OUR ECONOMIC RECOVERY THAT WE’RE UNDERGOING RIGHT NOW, BUT ALSO WE NEED A MORE COMPREHENSIVE AND SMARTER NATIONAL ENERGY POLICY. AND SO I THINK AN IMPORTANT FIRST STEP OF THAT IS FOR US TO EVALUATE WHAT ALL THE ENERGY PROGRAMS THAT WE HAPPEN TO HAVE ON THE BOOKS ALREADY, WHAT THE DEPARTMENT OF ENERGY IS DOING, WHAT OTHER MANY, MANY VARIOUS DEPARTMENTS ARE DOING. SOMEONE NEEDS TO BE LOOKING AT ALL THE TAX CREDITS AND TAX INCENTIVES WHEN IT COMES TO ENERGY, AND WE NEED A COMPREHENSIVE ANALYSIS OF WHERE WE ARE AS A NATION, WHAT OUR STRENGTHS ARE, WHAT OUR WEAKNESSES ARE. AND WHAT I AM PROPOSING IS A BILL, THE QUADRENNIAL ENERGY REVIEW. SO IT’S A BILL THAT WE HAVE INTRODUCED THAT I AM FORTUNATE ENOUGH TO HAVE SENATOR BINGAMAN, THE CHAIRMAN OF THE ENERGY COMMITTEE AS WELL AS SENATOR MURKOWSKI, THE RANKING MEMBER OF THE ENERGY COMMITTEE AS COSPONSORS, AND WE WOULD LOVE TO HAVE OTHER SENATORS LOOK AT THIS , MAYBE RELATIVELY SOON BECAUSE WE WOULD LIKE TO START MOVING THIS THROUGH THE PROCESS HERE IF AT ALL POSSIBLE. QUADRENNIAL ENERGY REVIEW IS
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BASED ON WHAT THEY DO AT THE DEPARTMENT OF DEFENSE. EVERY FOUR YEARS, THE D.O.D. GOES THROUGH THIS VERY DETAILED, TOP-TO-BOTTOM ANALYSIS OF ALL THE THINGS THAT THEY NEED TO CONSIDER IN THE DEPARTMENT OF DEFENSE, AND THEY COME OUT WITH THE QUADRENNIAL DEFENSE REVIEW, AND BASICALLY IT’S — IN LOOKING AT WHAT YOU HAVE, IT ALSO PRESENTS A ROAD MAP FOR WHERE YOU NEED TO GO.
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ENERGY. THAT’S WHAT WE NEED TO DO WITH
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WE ALREADY HAVE THIS MODEL THAT WORKS. THIS IDEA WOULD BE MORE OF A GOVERNMENTWIDE, NOT JUST THE DEPARTMENT OF ENERGY BUT ACTUALLY GOVERNMENTWIDE, AND I WOULD JUST ENCOURAGE ALL MY COLLEAGUES TO LOOK AT THIS IF YOU WOULDN’T MIND HAVING YOUR
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OFFICE. STEF CHECKING BACK WITH MY WE WOULD LOVE TO HAVE YOU AS A COSPONSOR IF YOU’RE INTERESTED.
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CONTROVERSIAL. I DON’T THINK IT’S I DON’T THINK THERE IS MUCH
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INVOLVED. MONEY OR MUCH REQUIREMENT I THINK IT’S JUST GOOD GOVERNMENT AND SMART GOVERNMENT TO TRY TO COME UP WITH A GREAT, COMPREHENSIVE ENERGY POLICY FOR OUR NATION. SO, MADAM PRESIDENT, WITH THAT, I’D JUST LIKE TO SAY THAT HERE IN WASHINGTON, WE HEAR THE AMERICAN PEOPLE LOUD AND CLEAR. WE’RE CONCERNED ABOUT GAS PRICES AS WELL ON LOTS OF DIFFERENT LEVELS, AND WE WILL CERTAINLY BE FOCUSED ON THAT AND PAYING A LOT OF ATTENTION TO THAT ISSUE OVER THE NEXT SEVERAL WEEKS, AND HOPEFULLY WE CAN DO SOME GOOD FOR THE MARKET AND DO SOME GOOD FOR THE AMERICAN PEOPLE. MADAM PRESIDENT, WITH THAT, I YIELD THE FLOOR AND I SUGGEST THE ABSENCE OF A QUORUM. THE CLERK WILL CALL THE ROLL. CALL: QUORUM CALL: MADAM PRESIDENT, I ASK UNANIMOUS CONSENT TO DISPENSE WITH THE QUORUM CALL.
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WITHOUT OBJECTION.
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THANK YOU, MADAM PRESIDENT. I HAVE HAD IN THE LAST COUPLE OF WEEKS AROUND MY STATE IN OHIO, HAD A NUMBER OF CONVERSATIONS WITH WORKERS AND MANAGEMENT BOTH WHO WORK FOR AUTO COMPANIES, FROM THE FOREIGN-OWNED HONDA IN CENTRAL OHIO TO THE BIG THREE AUTO COMPANIES WHICH ARE VERY INVOLVED IN THE OHIO’S ECONOMY, INCLUDING CRIES LETTER CHRYSLER AND FORD. ALSO COMPANIES THAT ARE LESS WELL-KNOWN, AND COMPANIES THAT ARE 1345UR8 THAN THAT WHO ARE CALLED ONE-, TWO-, OR THREE- TEAR SUPPLIERS, THAT SELL SUPPLIES THAT END UP IN A DURANGO OR CHEVY CRUZE. AND ALMOST ALL OF THESE CONVERSATIONS, THESE COMPANIES, THESE EXECUTIVES AND WORKERS ARE JUST SIMPLY INCREDULOUS THAT THIS IS STILL BEING DEBATED, ABOUT THE AUTO RESCUE, THAT IT WORKED OR DIDN’T WORK. YOU JUST GOT TO COME TO OHIO, NOT JUST NORTHERN OHIO WHERE THE ASUM HON IS WHERE THAT’S SORT OF WHERE THE AUTO INDUSTRY IS. BUT PEOPLE ALL OVER OHIO AND ALL OVER THE WHOLE INDUSTRIAL MIDWEST AND I THINK ALL OVER THE COUNTRY UNDERSTAND THAT THE AUTO RESCUE WORKED. WE KNOW BACK WHEN SENATOR STAB KNOW AND LEVIN AND SENATOR VOINOVICH, WHO HAS SINCE RETIRED, TOOK TO THE FLOOR AND IN COMMITTEE HEARINGS AND ALL THAT IN DECEMBER OF 2008 WHEN PRESIDENT BUSH REALIZED THE AUTO INDUSTRY NEEDED, AT MINIMUM, SOME BRIDGE LOANS TO STAY IN BUSINESS, NOT BECAUSE WE HAVE ANY INTEREST IN THE GOVERNMENT OWNING AUTO COMPANIES BUT BECAUSE WE KNEW HUNDREDS AND HUNDREDS AND HUNDREDS OF THOUSANDS OF WORKERS AND SMALL BUSINESS — AND THOUSANDS OF SMALL BUSINESSES THAT MANUFACTURE THINGS IN OUR STATE AND IN MICHIGAN AND IN INDIANA AND ALL OVER THE REGION, ALL UNDERSTOOD THAT IT WOULD BE ECONOMIC DEVASTATION, IT WOULD HAVE LED, I THINK — I THINK MANY — MOST ECONOMISTS THINK AND MOST AUTO PEOPLE AND I THINK MOST OHIOANS THINK IT WOULD HAVE LED TO A DEPRESSION. SO THAT WAS DECEMBER 2008. BECAUSE OF A WHOLE BUNCH OF REASONS, THIS PLACE DECIDED NOT TO DO WHAT PRESIDENT BUSH THOUGHT WE SHOULD DO AND THEN LATER ON, A FEW MONTHS LATER WHEN PRESIDENT OBAMA SAID WE’VE GOT TO STEP UP AND DO THE RIGHT THING, IT PASSED, WITH SOME REPUBLICAN SUPPORT, NOT AS MUCH AS WE HOPED FOR, BUT IT PASSED. AND WE CAN NOW LOOK — THIS WAS DECEMBER 2008 AND EARLY 2009 WHEN PRESIDENT OBAMA TOOK THE OAMG OF OFFICE. WE CAN LOOK AT WHAT HAS HAPPENED TO THIS COUNTRY. FUNDAMENTALLY WE SEE AN AUTO INDUSTRY WHICH IS SO IMPORTANT TO OUR MANUFACTURING IN OUR COUNTRY, AND MANUFACTURING SO
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01:00:23,000 –>01:00:22,999
CLASS. IMPORTANT TO BUILDING A MIDDLE
856
01:00:25,000 –>01:00:24,999
OUR COUNTRY. WE CAN SEE WHAT THAT’S MEANT TO
858
01:00:28,000 –>01:00:27,999
EXAMPLE. GIVE YOU ONE BIG FROM 1997 UNTIL 2010 EVERY SINGLE YEAR WE HAD SEEN A DECLINE IN MANUFACTURING JOBS IN OUR COUNTRY, EVERY SINGLE YEAR, AND IN MY STAIVMENT AND I KNOW IN THE PRESIDING OFFICER OFFICER’S STATE IN NORTH CAROLINA.
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01:00:47,000 –>01:00:46,999
MANUFACTURING HAS BEEN A HUGE PRESENCE. THEY HAVE SUFFERED, AS EVERY STATE HAS. BUT EVERY SINGLE YEAR A MANUFACTURING JOB LOSS. SINCE THE AUTO RESCUE FOR THE LAST 20, 21, 22 MONTHS WE’VE SEEN MANUFACTURING JOB GROWTH, MANUFACTURING JOB GROWTH EVERY SINGLE MONTH FOR THE COUNTRY AND FOR MY STATE OF OHIO, EVERY SINGLE MONTH WE’VE HAD MORE
881
01:01:09,000 –>01:01:08,999
MANUFACTURING JOBS THAN THE MONTH BEFORE. THAT’S NOT GOOD ENOUGH BECAUSE IT’S NOT ENOUGH GROWTH, BUT IT’S
885
01:01:15,000 –>01:01:14,999
CLEARLY GOING IN THE RIGHT DIRECTION. IN AUTO ALONE YOU CAN SEE WHAT’S HAPPENING IN MY STATE. THE FOUR LARGE AUTO COMPANIES IN OHIO — FORD, CHRYSLER, GENERAL MOTORS, AND HONDA — ALL FOUR OF THEM HAVE ANNOUNCED MAJOR EXPANSION PLANS, MAJOR IN OUR STATE, INCLUDING BUILDING A NEW CAR IN SOME CASES, BUILDING A NEW LINE OF CARS, AND IN OTHER CASES EXPANDING SIGNIFICANTLY. SO WOK LOOK AT A CAR LIKE — SO YOU CAN LOOK AT A CAR LIKE THE CHEVY CRUZE, WHOSE ENGINE IS MADE IN DEFIANCE NEAR THE INDIANA BORDER, ITS BUMPER IS MADE IN NORTHWOOD, ITS TRAN MISSION IS MADE IN TOLEDO, ITS SPEAKERS ARE MADE IN SPRING BORE ROW, IN THE DAYTON-CINCINNATI ARKS THERE ARE BRACKETS MADE IN BRUNSWICK AND OTHER PLACES, THERE ARE — THE STEEL COMES FROM CLEVELAND, THE ALUMINUM COMES FROM CLEVELAND, THE STAMPING IS IN A PLANT IN PARM ANCHTS THE STAMPING, I BELIEVE, OF THE COMPONENT OFS FOR THE CAR CAR. 5,000 PEOPLE WORK IN LORDSTOWN, OHIO, STAMPING AND ASSEMBLING THIS SMALL CAR THAT’S BEEN ONE OF THE BESTSELLERS OF ANY CAR IN AMERICA. IN THROALIN TOLEDO WHERE THE JEEP WRANGLER IS ASSEMBLEED, PRIOR TO THE AUTO RESCUE, ONLY ABOUT 50% OF THESE CARS, OF THE COMPONENTS IN THE JEEP WRANGLER WERE AMERICAN-MADE. SO HALF OF THEM CAME FROM PRODUCTION OUTSIDE THE UNITED STATES. TARED ABOUT 75 — TODAY ABOUT 75% OF THE JEEP WRANGLEER — THE
933
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COMPONENTS — ARE ASSEMBLED IN THE UNITED STATES. THAT MEANS JOBS. THAT’S WHY IT’S SO IMPORTANT THAT THE PRESIDENT CONTINUES TO MOVE FORWARD, AND I HOPE MORE AGGRESSIVELY, ON THE WHOLE ISSUE OF AUTO SUPPLY PARTS. WE SAW JUST TEN YEARS AGO — WE IN A DEFICIT WITH CHINA OF ABOUT $1 BILLION IN AUTO PARTS. TODAY WE HAVE A TRADE DEFICIT WITH CHINA ON AUTO PARTS OF ALMOST $10B SO I KNOW HOW CONCERNED THE PRESIDENT IS. I KNOW THAT AMERICAN AUTO COMPANIES, INCLUDING HONDA, WANT TO SOURCE MORE AND MORE OF THEIR
951
01:03:35,000 –>01:03:34,999
AMERICA. PRODUCTS IN THE UNITED STATES OF THEY WANT THOSE PRODUCTS TO BE MANUFACTURED HERE IN ADDITION TO BEING ASSEMBLED HERE AND MANUFACTURED HERE. IT OBVIOUSLY MEANS IT WILL BE CLOSE TO THE FINAL ASSEMBLY POINT IN THE CRITICAL MASS THAT THESE MANUFACTURERS WANT TO GROW JOBS. SO WE’RE SEEING A PARTNERSHIP NOW THAT WE’VE NEVER SEEN IN MY LIFETIME, I BELIEVE, BETWEEN THE AUTO INDUSTRY AND THE UNITED STATES GOVERNMENT. NOT FOR THE GOVERNMENT TO HAVE OWNERSHIP, NOT FOR THE GOVERNMENT TO TELL THE AUTO INDUSTRY WHAT TO DO, BUT THE GOVERNMENT TO MAKE THE BUSINESS CLIMATE FOR THESE AUTO COMPANIES MORE AND MORE FAVORABLE. AND THAT’S WHAT’S GOOD. THAT’S WHAT’S COME OUT OF THE AUTO RESCUE FOR TOLEDO, THE ASSEMBLY OF THE JEEP WRINKLER, THAT’S WHAT’S COME OUT OF THE YOUNGSTOWN, LORDSTOWN AREA FOR THE CHEVY CRUZE. WE’VE SEEN THE MANUFACTURING JOB GROWTH FOR MORE THAN 20 MONTHS TAKES US IN THE RIGHT DIRECTION.
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01:04:37,000 –>01:04:36,999
IT’S IMPORTANT THAT THE NAYSAYERS JUST KIND OF DROPPED — THEY CAN SAY WHATEVER THEY WANT ABOUT THE AUTO RESCUE. THEY’RE GOING TO SAY WHAT THEY WANT FOR POLITICAL REASONS. BUT IT’S CLEAR THAT — THAT WE AS POLICY-MAKERS — YOU KNOW, PRESIDENTIAL CANDIDATES ARE GOING TO DO WHAT THE PRESIDENTIAL CANDIDATES ARE GOING TO DO IN BOTH PARTIES. I DON’T REALLY MUCH CARE. BUT I DO CARE THAT THIS BODY, THE UNITED STATES SENATE, FOCUS ITS EFFORTS ON HOW DO WE
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01:04:58,000 –>01:04:57,999
COOPERATIVELY GROW THIS INDUSTRY. IT MEANS MORE UNION AUTO WORKERS GOING TO WORK. IT MEANS MORE NONUNION AUTO SUPPLY CHAIN WORKERS GOING TO WORK. BUT ALL OF THESE ARE GOOD-PAY JOBS AND THAT’S WHAT — WHAT DO WE CARE ABOUT MORE HERE THAN — THAN PREPARING AN ENVIRONMENT FOR GOOD-PAYING JOBS THAT PUT PEOPLE BACK TO WORK AND CAN HELP THEM JOIN THE MIDDLE CLASS? MADAM PRESIDENT, I YIELD THE
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A QUORUM. FLOOR AND SUGGEST THE ABSENCE OF THE CLERK WILL CALL THE ROLL. QUORUM CALL:

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