Fox News
Expand
Browse All Video
Watch Live

You're watching...

Administration playing favorites with energy?

Details

  • Description

    Congressional hearing on White House policy

  • Duration 3:11
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Governor Romney says president Obama's use of nearly a half billion dollars in taxpayer money to pump up the soon to fail also solar company Solyndra.

Was a conflict of interest.

-- went to the company headquarters on a visit today.

Enterprises the president is taking money that taxpayers.

It's it's.

It's just -- and and chills and it -- lose.

The president's opponents argue there are plenty of jobs waiting to be created in more traditional energy sectors.

And that displayed itself on Capitol Hill here's chief national correspondent Jim Angle.

A congressional hearing on the administration's energy policy -- pointed as witnesses argued the Obama administration itself is holding back energy production but what I see is -- federal government that seems to be picking winners and losers.

And -- a regulatory agenda.

That does not have AM all of the above.

Flavor to -- the witnesses said the administration is hostile toward fossil fuels ideas regulations to make it harder to drill on public lands he has publicly dismissed oil as an energy of the past.

Domestic production of fossil fuels on federal -- fell to a nine year low in fiscal year 2011.

As crude oil production fell by 14% the largest annual decrease in at least a decade he can take you over ten years -- -- actually fully producing on the -- Not because it can't be done by the operator but because of government delays but a representative from a liberal think tank to talk to redefine the question what is in all of the above energy strategy developed the energy resources that today -- using them more efficiently.

Second invest in new cleaner technologies of tomorrow the Department of Energy however says we'll still rely on fossil fuels for more than three quarters of our energy into -- -- 35 leading one witness to make this observation that I think really do better in this country.

With a lot more ExxonMobil.

Chevron and ConocoPhillips.

And a few less only addresses energy production on private -- where the president has no authority has increased.

Democrats ought to give him credit for that one saying he was sick of hearing criticism of the president enterprise standard.

-- -- -- -- -- -- He's he's screwed up again.

And and and when -- see the numbers.

Over and over again.

I mean -- got to tell -- if he gets on my nerves the two best years since 2003 for the production of natural gas on onshore federal lands occurred.

The 2009 and 2010.

All the industry witnesses though complained that federal regulations especially from the EPA.

Drag out the process so long that getting the located drill -- two years.

That explains why much of the production now started years ago before the Obama administration.

And producers in the west say the current slowdown in permitting is hurting the regional economy.

We see that government delays are preventing the creation of nearly 65000.

Jobs.

And fifteen billion and economic activity annually.

The president certainly talks about producing more oil and gas these days one witness at the industry's heartened by the change in rhetoric.

And just waiting for the policies to catch up.

Jim thank you stock.

Load More