No. 2, we must begin to break our country's addiction to oil. We are addicted to oil. Even President Bush said that. We will use 21 million barrels of oil today. Almost 70 percent of it we import from foreign countries and most are led by tyrannical rulers, despots. No. 3, we must begin to reverse global warming. It is a crisis caused by our use of fossil fuel. And No. 4, we must invest in renewable energy. Why? It is good for the environment, and it creates lots of jobs. In Nevada alone, the tax portions of this bill will create thousands of jobs and countless--tens of thousands, hundreds of thousands--jobs throughout America. Last week, the Republican minority blocked this crucial bipartisan bill from passing. In order to ease these concerns, we have reluctantly removed the renewable electricity standard from the version of the bill now before us. The renewable electricity standard would have required, by the year 2020, 15 percent of our Nation's electricity come from renewable, environmentally sound sources. That sounds pretty reasonable, 15 percent by the year 2020. We had to take it out. Taking this step would reduce carbon emissions from powerplants by 126 million tons, reduce the cost of natural gas and electricity bills by between $13 billion and $18 billion, and create good, new American jobs. This is not the last we will hear of the renewable electricity standard. The Senate has passed a similar bill before, and we will do it again.
Editor's note · Context
Discussing the need for renewable energy and the impact of oil dependency during a floor speech.
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