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Is it the administration's job to help lower gas prices?

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    Part 2 of the second presidential debate

  • Duration 12:03
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Second presidential debate: Hofstra University

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Coming up I get because someone mignon is something that sort of connected to cars here and and go over and we want to get a question from filter -- -- Your energy secretary.

Steven Chu has now been on record three time stating it's not policy of his department.

To help low gas prices you agree with secretary chill that this is not the job in a teapot.

The most important thing we can do.

Is to make sure we control.

Our own -- So here's what I've done since I've been president.

We have increased oil production to the highest levels in sixteen years natural gas production is the highest it's been.

In decades.

We have seen increases in coal production.

And -- employment.

But what I've also said is we can't just produce traditional source of energy we've also got to look to the future.

That's why we doubled fuel efficiency standards on cars that means that in the -- the next decade any car you -- You're gonna end up going twice as part a gallon -- That's why we doubled -- clean energy production like wind and solar and biofuels.

And all these things have contributed to us.

Lowering our oil imports to the lowest levels in sixteen years.

Now I want to build on that.

And that means yes we still continue to open up new areas for drilling.

We continue to make -- it a priority for us to go after natural gas we've got potentially.

600000 jobs and a hundred years worth of energy right beneath our feet -- natural gas.

And we can do it environmentally sound way.

But we've also got to continue.

To figure out how we have sufficient energy because ultimately that's how we're gonna reduce demand and that's what's gonna keep.

Gas prices lower.

Now governor Romney will say he's got an all the above plan basically is plan is.

To let the oil companies write the energy policies.

So he's got.

The oil and gas park but he doesn't have the clean energy -- And if we are only thinking about.

Tomorrow or the next day and not thinking about ten years from now were not going to control our own economic future.

Because China.

Germany they're making these investments.

I'm not gonna seed those jobs of the future.

To those countries I expect those new energy sources to be built right here in the United States that's gonna help -- get a job.

It's also gonna make sure of the you're not paying as much for guests.

-- -- -- -- -- Well look let's look at the president's policies are right as opposed to the rhetoric because we've had four years of policies being played out.

And the president's right in terms of the additional oil production.

But none of it came on federal land.

-- that affect oil production is down 14% this year on federal land and gas production is down 9%.

Why because the president cut and a half.

The number of licenses and permits for drilling on federal lands and in federal waters.

So where the increase comes from what a lot of -- came from the Bakken range in North Dakota what was his participation there.

The administration brought a criminal action against the people drilling up there for oil this massive new resource we have.

-- at and what was the cause a twenty or 25 birds were killed and they brought out of migratory bird act to go after the -- criminal basis.

Look I want to make sure we use our oil.

Our coal.

Our gas our nuclear our renewables I believe very much in our renewable capabilities ethanol wind solar will be an important part of her energy mix.

But what we don't need is to have the president keeping us from taking advantage of oil.

Coal and gas.

This is not been mr.

oil for mr.

guests are mr.

Cole talked to the people that are working of those industries I was -- in coal country.

People -- my arms and say please save my job.

The head of the EPA said you can't build a coal plant.

You'll virtually it's virtually impossible given our regulations when the president ran for office he said if you build a coal plant you can go ahead but you go bankrupt.

That's not the right course for America.

Let's take advantage of the energy resources we have as well as the energy sources for the future and if we do that.

If we do what I'm planning on doing which is getting us energy independent.

And North America energy independence within eight years you're gonna see manufacturing jobs come back because our energy is low cost.

They're already beginning to come back because ever abundant energy.

I'll get America and North America energy independent I'll do it by more drilling.

More permits and licenses we're gonna bring that pipeline in from Canada how on the world the president said noted that pipeline I will never know.

This is about bringing good jobs back for the middle class of America and that's -- I'm gonna do.

Mr.

President let me just see -- -- movie -- -- get the gist of this question which is.

Are we looking at the new normal likened tiger the tomorrow morning at -- contemptible wake up and fill up and they will find that the price of gas is over four dollars a gallon.

Is it with that within the purview the government to bring those prices down or are we looking at the new.

Normal -- there's no doubt that world demands gone up but our production is going up and were using oil more efficiently.

And very little what governor Romney just that is true.

We've opened up public clients.

Were actually -- more on public lands than in the previous administration.

And -- the -- present was a moment.

And natural gas isn't just appearing.

Magically we're encouraging.

And working with the industry.

And what are your governor Romney say he's a big cold that.

And keep in my when governor when -- American governor of Massachusetts you stood in front of a coal -- -- data and served.

This plant -- And took great pride in shutting it down.

And now suddenly your big -- -- -- So what I try to do is be consistent.

With respect to something like -- we made the largest investment in clean coal technology.

To make sure.

That even as we're producing more coal were producing a cleaner and smarter.

Same thing with -- -- same thing -- natural gas and appropriates our oil imports are down the lowest levels.

In twenty years.

Oil production is up natural gas production is up and most importantly we're also start to build cars.

That are more patient.

And that's creating jobs that means those cars can be exported because that's the demand around the world.

And it also means that it'll save money your pocketbook that's the strength you need -- all the -- -- that's what we're gonna do in the next four years.

But that's not what you've done in the last four years.

That's a problem.

In the last four years you cut permits and licenses on federal land in federal waters in half not true governor -- so how much should you cannot -- by -- to -- by -- Governor we have actually produced more oil you know how much -- got licenses -- permits and federal Atlanta federal waters governor Romney here's what we did.

There -- a whole bunch of oil costs I don't I -- I had a question and the question was how much like at the moment answer a question can a black.

I'm happy to answer the question and it is here is what happened.

You -- whole bunch of oil companies.

Who had leases on public lands that they weren't using.

So what we set was.

You can't just sit on this for 102030.

Years decide when you want to drill when you wanna produce.

When it's most profitable for you these -- public -- So if you want to drill on public lands you use it or you lose okay that's what we did was take away those leases and we are now re letting them.

So that we can actually make -- -- And production a private and government let us and get down notre production -- government land of oil is down fourteen government.

And production yes does -- 9% it's just not -- it's actually true.

Look there's no question but the people recognize that we have not produced more oil and gas on federal lands and a federal waters and called.

Coal production is not a cold jobs and -- I was just at a coal facility -- some 12100 people lost their jobs.

The right course for America is to have a true all of the above policy I don't think anyone really believes.

The chairperson is -- pushing for oil.

And gas and coal you'll get your chance at a moment I'm still speaking but and the answer is I don't believe people that are that's the case because I've -- that -- -- question okay that was a statement.

I don't think the American people believe that I will fight for all coal and natural gas and the proof the proof of whether strategy working or not.

Is what the prices that spring at the pump.

If you're paying less than he paid a year or two ago whether the strategy working.

But you're paying more when the president took office a price of gasoline here at -- kind it was about a buck 86 again on.

Now it's four bucks a gallon.

Price of electricity is -- if the president's energy policies are working you're gonna see the cost of energy come down.

I will fight to create more energy in this country to get America.

Energy secure and part of that is bringing in a pipeline of oil from Canada.

Taking advantage of the oil and coal we have here drilling offshore and Alaska drilling offshore Virginia where the media wanted those things will get us the energy we need.

Mister president could you address because we did finally get to gas prices here.

Could you address.

But what the governor said which -- is if you -- energy policy was working.

The price of gasoline would not be four dollars a gallon -- well yeah.

Heard -- about -- governor to -- survived took office the price of gas William was 18186.

Why is that.

Because -- economy was on the verge of collapse.

Because we were about to go through the worst recession since the Great Depression.

As a consequence.

Of some of the same policy as the governor Romney is now promoting.

So it's conceivable the governor -- could bring down gas prices because with his policies we might be back and -- -- -- What I want to do.

Is to create an economy that is strong.

And at the same time produce energy and with -- respect to this pipeline the governor Romney keeps on talking about we've.

-- we built enough pipeline to wrap around the entire earth once.

So.

I'm all for pipelines I'm all for all production what I'm not for -- just ignoring the other half of the equation so for example on wind energy when governor Romney.

Says these are imaginary jobs when you've got thousands of people right now and -- Right now in Colorado.

Who are working.

Creating wind power -- good paying manufacturing jobs.

And the Republican senator and that's in Iowa is all for providing tax -- to help this.

Work and governor Romney says I'm a post I get rid of it that's not an energy strategy for the future and we need to win that future and I intend when it does present the united.

I gotta I gotta move beyond even in the first question -- actually get to yes you get the first question so I get the last question I'd -- last -- -- only in the follow up it doesn't quite work out that I'm leading give you would get a chance here.

I promise you I'm going to and the next questions for you this if you wanna.

-- you know continue on but I don't want getting all these guys sit near the.

I don't have a policy of of stopping win jobs in Iowa and that they're not.

Phantom jobs they're real job so I appreciate when jobs in Iowa and across our country I appreciate the jobs -- coal.

And oil and gas I'm gonna make sure okay taking advantage -- energy resources will bring back manufacturing to America.

We're gonna get through -- a very aggressive energy policy.

Three and a half million more jobs in this country it's critical to our future.

And it's -- -- -- -- a lot of that is happening erupted.

It -- you know get a million but along these -- taxes over here and all these folks that have been waiting.

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