On the recordJune 6, 2008
Mr. COLEMAN. Mr. President, we are in the middle of an energy crisis, and the only way we're going to get out of it is to dramatically transform how this country does energy. That is what the Lieberman-Warner climate bill does--it takes on one of the greatest economic and national security threats America faces today: our energy insecurity. Sometimes we must look around the mountain, we must look to our future and recognize where our path must lead. We must recognize that we need massive and speedy development of domestically produced clean energy sources. If we had committed to this bill 10 years ago, we wouldn't be in the tight spot we find ourselves in right now. We needed carbon capture technology for coal, increased nuclear power, cellulosic ethanol, and widespread renewable energy use yesterday. This year, nearly half a trillion of our dollars will be sent overseas for energy we are capable of producing at home. The fact is, we are being held hostage by a world oil market where much of the supply is controlled by thugs and tyrants like Ahmadinejad and Chavez. But, as we have found in Minnesota, we can grow our own fuel, and the potential of cellulosic ethanol to replace foreign oil makes today's renewable fuels production look small, but it still hasn't reached commercialization.
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