This transcript is automatically generated
Seven -- -- Acer predator to do with it.
A bit AES secretary of interior Salazar says no one knows that acid gonna go to nine dollars a gallon is that some.
Well I don't know but I think what we've got to do those things take some steps in the near term to be able to have some impact on gas prices.
I've outlined a couple of steps to do that one of them is to.
Use the the power that the congress has to give the Justice Department.
Greater authority to bring actions against OPEC that's one way to do it I think the commodities futures trading commission they get the rules out the bird's eye -- in -- well.
Good have an impact -- so called position limits in the marketplace you know 11.
Player in the world marketplace dominating too much driving -- prices.
-- -- of speculation so I think we should take action but it's been that a typical time for families paying higher prices.
Well what you -- assuming that it's you know a good idea he is it would take some time.
To get that accomplished I think most people look at the gas prices.
It that you live look right when it drag on the street and they see it crawling up although it's -- six -- who want the election at national average.
Is it it did not mean.
You -- -- -- any information are any sort of fear that it could rise.
As high as nine dollars a gallon the secretary of interior says he doesn't know -- -- it but some sort of uncertainty.
Amongst us in here.
-- I -- -- haven't seen evidence that would go but but even that the point it's -- now hovering around four dollars is too high for.
For families and for businesses I think we've got to take action where we can appropriately and as you say try as best you can to focus on the the short term.
What is the short term answer is there -- Well I think there's some I look if if the commodities futures trading commission.
Sends a very direct signal by way of there -- authority are ready -- statutory authority right now.
On position limits for -- speculative that would send a very.
Strong signal I think would have an impact.
I don't think there's any particular.
Magic wand and necessarily we should try to focus on some short term -- ultimately what we should be doing.
Is diversifying our sources and injury and reduce our dependence natural gas -- not just things Pennsylvania as the Marcellus Shale.
Region but natural gas can play a significant role.
In diversifying our energy sources a cheaper form of energy very clean and also want to reduce.
Our dependence on foreign -- and I think that's where folks want us to -- -- -- Devon Energy strategy on.
Forward to what extent can.
Policy really control the price of -- we've got some sort events that are.
Beyond our borders like if there's a war in Iran -- anticipate that would drive prices up and other other sort of external factors that that you worry about having an impact on oil.
Oh sure and that's why I think.
When we focus on the Iranian regime.
We've got to be conscious of all those factors.
I've been one of the leaders to put sanctions pressure I think even with even with the concerns some have about what they -- do.
Terms of the oil market -- we can put a lot of pressure on them to hold them accountable but at the same time.
I think we've got to take steps here.
Domestically that they have some impact I realize that some of this is beyond our borders but I'd like to be able to uses the authority and -- its its government.
To take action against OPEC if they're gonna continue to fix prices.
And thereby Jack up the -- well what kind of actually taking its OPEC and it -- at this and have a lot of muscle while they do but if we give it.
If we give Justice Department the authority I'd like to be able to -- the Justice Department taken.
Take legal action against them.
But that's -- same food to OPEC is having is an OPEC and -- just gonna say like.
You know what ever it by Justice Department says you know you're doing something.
Rob right lawsuit by the -- it's it's government.
A price fixing suit would be unprecedented.
And I think it would be.
I think it would be a step in the right direction to give our government the authority it should have right now to take action to protect our.
Are taxpayers and our families who have to live with that I present well sometimes set by.
Some Oliver in another part of the world and of one to ten scale ten being the most right.
-- are most -- outwardly that Iran is going to go to the going to be a war situation in Iran -- -- the prices up.
Well it's it's a great concern and I got 78.
Well output and I have registered against Tennessee -- -- the -- because we read from the outside we're trying to figure out over you know that how serious it is that I wanna be.
An alarmist but I also obvious sitting.
I know it's a very grave concern one of the best ways to deal with -- though is to adopt what Lindsey Graham and Joseph Lieberman.
Done which is to say to Iran -- of the world.
Especially to the Iranian regime.
We are gonna stop you from getting nuclear weapons capability.
We're gonna draw the line there we're gonna we can do everything we can -- -- diplomacy put as much economic pressures we can but we have to be very clear about our intentions to stop them from doing -- if we do that I think we get some.
Some clarity to an -- the people are very concerned.
And I think we deceptive -- -- viewers are listening carefully they loved it that you need to Republican and independent and you Democrat working honest -- really much of that that.
I'm not -- -- and I -- -- I just want to highlight and say how much we appreciate -- and senate thanks.
-- thank you.