I'm from Southern Illinois. It's the Saudi Arabia of coal, 250 years worth. Fifty percent of our electricity that we generate today is by coal. We could also use that coal as the South Africans have done for 40 years. The Germans did it in World War II. Take that coal and turn it into liquid fuel. We have had four budget airlines go broke. Why did they go broke? They couldn't afford the price of aviation fuel. How did South African airlines fuel their jets? Coal-to-liquid technology. Taking South African coal, turning it into aviation jet fuel. That's what our competitive advantage is. Our advantage is using our natural resources. Not assuming that our natural resources are an environmental hazard. That's our policy. Don't go after our natural resources. It's an environmental hazard. Most countries say go after your natural resources; it makes you stronger. It makes you more competitive. It lowers the cost of doing business. It creates jobs. Look at the jobs that would be created here in southern Illinois. Build a coal mine, that creates jobs. Operate the coal mines, that creates jobs. Build a coal-to-liquid refinery, jobs. Operate the coal-to-liquid refinery, jobs. Build a pipeline, American jobs. Low-cost fuel, American jobs. For every dollar a barrel increase on aviation fuel, do you know how much it costs us taxpayers? $60 million just to fund the Air Force. So this policy of no supply hurts the taxpayers. And we have to pay for it.
Editor's note · Context
Discussing the potential of coal resources and coal-to-liquid technology in Southern Illinois.
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