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Gas prices are now becoming an issue in this presidential election triple -- reports of the national average for a gallon of regular is three dollars and 65 cents today there's our.
Is studio prompt.
As a four -- spike from yesterday President Obama says his Republican rivals are using the pain at the pump.
To score political points.
You can bet that -- an election year darted dusting off their three point plan for two -- next.
And I'll say -- the suspense is step one is to -- in step two is to drill.
And then step three is to -- grow.
We hear the same line in 2007.
When I was running for president.
We are the same thing every year.
We -- the same thing for thirty years.
I -- -- political commentator and Rich Lowry editor of the national review both are Fox News contributors welcome.
-- -- you you know -- this is becoming a very hot topic and and you know what I think the president's right salad but I think he's right from from both parties in in.
To this extent we've been hearing about this -- about Green energy we've been hearing about more drilling for it for thirty years in this country.
And we're getting -- it's seen.
-- well I mean first of all that where everyone's right nothing can all agree is is this is a disaster this -- a disaster at this moment in the economy and especially for families that are just struggling to buy that extra.
Couple of cents an hour -- dollar at the pump.
You know can I mean wipe away your family's wages like where your food that it's a huge problem.
Look the reality is and frankly.
Everybody on both sides -- -- this there's very little.
That's affecting gas prices.
That the president nor frankly anyone can do anything about mostly despite his driven by the conflict mounting conflict in the Saber rattling Iran.
And to a lesser extent but what's going on in Europe and that's the reality it's a separate conversation -- unfortunately makes -- more complicated from what we do about domestic energy production.
It isn't it isn't though because -- been talking Rich Lowry for years about becoming energy independent.
I mean John McCain when he ran had -- all of the above energy strategy right we're gonna do.
More fracking for natural gas more drilling we're gonna investigate more nuclear power -- this country.
And none of it ever seems to happen.
-- -- well I think the president is vulnerable for a couple reasons airline 2008.
He was hammering away at this issue.
Now that she is on the other but it's also know we can't do anything about it.
And -- -- this administration came into office explicitly with an agenda in their own words to make the prices of energy.
Higher and you know President Obama might mock.
Drilling and drilling and drilling some more that's actually a really good idea and the fact of the last thirty years every time we tried to do it.
The Democrats resisted it and say oh he can't do that that won't make a difference.
For five or six or seven or ten years -- -- actually done it.
Then -- might make a difference now and the main reason to do it we are sitting on an enormous amount of wealth.
Under our ground we should exploit it would make our trade deficit better.
It would create thousands of good blue collar jobs that everyone should want and yes at the margin only at the margin but at the margin.
It might reduce price.
-- so many people want us to be more energy independent and you look at you know I think a great example.
Issa Linda you know which went bankrupt that's one of these Green energy companies that doesn't mean they all go bankrupt although I think four of them that the government has backed have actually.
And on the other side -- -- Keystone Pipeline which was shot down so is it how can you say this is an all of the above presidential strategy.
What went when that's where we're that's Sally and that's complicated right -- the president not on actually -- this the president has opened up drilling in Alaska.
Which of course Republicans on -- -- -- give them credit for.
And again and rich is exactly right it takes five to six years for any drilling strategy to produce results.
So even right now under the immense and I don't really stepping aside because -- does happen that when you look at the markets oil markets when you -- start to take these kinds of initiatives and announced that you're doing them.
You may not get the oil for five or six years but you start to affect the oil markets overall there's -- and -- the oil markets overall would be impacted if the United States was making a very sincere effort.
To open up its resource it'll look.
Again there's no question and and again the president has taken an all all the above strategy and has opened up more domestic sources.
But look first of all Martha let let's dispel the -- that's out there the Keystone Pipeline.
Would have produced oil that would have been refined in the -- but would have been exported.
And according to the keystone pipelines owned permit applications would actually raise the price of oil in the United States.
What more broadly than that look the president has made -- strategic decision which again Republicans can disagree with.
But I think -- folks should reasonably think about the alternatives with just.
Well we you're investing in -- still have an economy that's based on fossil fuels.
But we also want -- look towards economic future -- for the energy in the future we want to be the leader.
In that new economy good guy that guy had recorded just haven't had a couple things president's.
-- walking all this drilling and all of these permits and Green energy we spent about forty billion dollars on it created thirty.
500 jobs that's about five million dollars per job -- at the Department of Energy which has been and ascend to be optimistic here says -- 2035.
We'll be getting just about 10% of our energy.
From renewable so all that is a fantasy.
We do need to drill more here and we should do it now.
And in order to help in the -- tank you very much as -- thank you so much addicts like you ask you this conversation and -- a lot I think it is now.
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