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THAT WAS UNRELATED
TO THE BUSINESS OF THE COURT.
>> NO COAL PLANT HERE IN
AMERICA.
>> IF SOMEBODY WANTS TO BUILD A
COAL FIRE PLANT THEY K. IT WILL
BANKRUPT THEM BECAUSE THEY WILL
BE CHARGED A HUGE SUM FOR ALL
THAT GREENHOUSE GAS THAT IS
BEINGEE MILTED.
SHANNON: THE REPUBLICAN NATIONAL
COMMITTEE RELEASED THAT AD LAST
WEEK RAISING NEW QUESTIONS ABOUT
THE PRESIDENT'S APPROACH TO
COAL.
A GROUP OF HOUSE REPUBLICANS ARE
SUGGESTING THAT THE OBAMA
ADMINISTRATION IS PLANNING TO
MAKE SOME CHANGES TO THE COAL
REGULATIONS AND IT COULD
THREATEN THOUSANDS OF JOBS IN
SEVERAL STATES.
LOU DOBBS ANCHOR OF LOU DOBBS
TONIGHT ON THE FOX NEWS NETWORK
JOINS US TO TALK ABOUT WHAT THE
REPUBLICANS ARE CALLING THE WAR
ON COAL.
>> IT IS NOTHING LESS THAN THAT
SHANNON, AND IT'S A WAR THAT THE
ADMINISTRATION IS WINNING AND
THE AMERICAN PEOPLE ARE LOSING.
GOVERNOR ROMNEY HAS STYLED IT
THAT THEY WANT ENERGY FROM COMES
FROM ABOVE THE GROUND, WHILE HE
WANTS ONE THAT KAOPLS FROM ABOVE
THE GROUND AND BELOW IT AS
WELL.
OVER 40 HERZ OF THE ELECTRICITY
GENERATED IN THIS COUNTRY COMES
FROM COAL.
IT IS THE CHEAPEST ENERGY SOURCE
AVAILABLE.
$30BILLION IS WHAT WE SPEND FOR
COAL-FIRED ELECTRICITY.
AND THIS ADMINISTRATION IS AS
YOU JUST DEMONSTRATED THERE, IS
WAGING AN ALL OUT BATTLE.
AND BY THE WAY, THEY ARE WINNING
IN ANOTHER WAY, AND INVESTORS
ARE LOSING IN ANOTHER WAY.
LOOKING AT THE TOP PRICES OF THE
TOP COAL COMPANIES IN THIS
COUNTRY, THEY'VE DROPPED NOT A
HALF, BUT IN MANY CASES THEY ARE
DOWN BY JUST ABOUT 30% OF WHERE
THEY WERE WHEN THIS
ADMINISTRATION WALKED INTO
OFFICE.
IT IS DEVASTATING WHAT IS GOING
ON.
SHANNON: WHAT ABOUT THE OTHER
SIDE OF THIS THE FOLKS THAT WILL
SAY, COAL MAY BE ONE OF THE
CHEAPEST BUT IT'S ALSO ONE OF
THE DIRTIEST AND WE HAVE TO HAVE
EPA REGULATIONS TO PROTECT OUR
WATERWAYS AND CHILDREN AND THOSE
KINDS OF THINGS.
WE'VE HEARD A LOT OF TALK FROM
THIS ADMINISTRATION ABOUT THAT
SIDE OF THIS ARGUMENT.
>> THERE IS REALLY NO ARGUMENT
TO BE HAD.
EVERYONE WANTS CLEAN WATER AND
CLEAN AIR, BUT WHY NO EMPHASIS
ON APPLYING THE TECHNOLOGY THAT
IS AVAILABLE TO CLEANUP THOSE
PLANTS.
THE UTILITY INDUSTRY IN THIS
COUNTRY HAS GONE TO IMMENSE
EXPENSE TO BRING CLEAN AIR AS A
RESULT OF FIRING UP COAL
PLANTS.
I MEAN, THIS ADMINISTRATION IS
WASTING TENSE OF BILLIONS OF
DOLLARS ON SOLAR PANELS THAT ARE
BEING BUILT MORE EFFICIENTLY IN
CHINA AND SPENDING NOT A DIME ON
ADVANCED TECHNOLOGY TO CLEANUP
COAL.
IT'S RIDICULOUS.
SHANNON: G.O.P. MEMBERS OF THE
HOUSE NATURAL RESOURCES
COMMITTEE HAVE BEEN
INVESTIGATING THIS.
THEY'VE UNCOVERED WHAT THEY
THINK IS A PLOT TO DESTROY THE
COAL INDUSTRY.
THEY HAVE RECORDINGS AND OTHER
THINGS AND THEY'VE SENT
SUBPOENAS TO THE INTERIOR
DEPARTMENT.
THEY SAY THIS ADMINISTRATION IS
IGNORING THE SUBPOENAS, WON'T
COME TO THE TABLE AND EVEN
DISCUSS THIS.
>> WHEN WILL REPUBLICAN
CONGRESSIONAL INVESTIGATORS
ACTUALLY UNDERSTAND THAT THIS
ADMINISTRATION WILL LIE?
YOU JUST PUT ON AIR, THE
PRESIDENT OF THE UNITED STATES
AND THE VICE PRESIDENT OF THE
UNITED STATES, THERE IS NO
CONSPIRACY TO PROVE THAT HE HAD
CONFESSED SAYING THAT YOU WILL
GO BANKRUPT IF YOU TRY TO BUILD
A COAL-FIRE PLANT.
JOE BIDEN SAYING THERE WILL BE
NO COAL, NOT IN AMERICA.
THINK ABOUT THE JOBS THAT THEY
ARE DESTROYING AS WELL, THE
JOBS, 86,000 JOBS IN THE COAL
INDUSTRY.
THERE IS A MULTIPLIER ON THAT OF
JUST ABOUT FOUR.
WHICH MEANS OVER 300,000 JOBS
INDIRECTLY ARE AFFECTED AS THEY
DESTROY THE COAL INDUSTRY IN
THIS COUNTRY.
THINK OF THE BILLIONS OF DOLLARS
THAT COAL COMPANY INVESTORS HAVE
LOST, THE COAL COMPANIES
THEMSELVES, AND GUESS WHAT, WE
HAVE THAT DISRUPTION AS WE TRY
TO SUE PLANT COAL WITH OTHER
ENERGY SOURCES.
IT'S A WAR AGAINST REASON AS
WELL AS A WAR AGAINST THE
AMERICAN PEOPLE.
SHANNON: YOU MENTIONED
DISRUPTION.
COULD THIS POTENTIALLY DISRUPT
THE PRESIDENT'S RE-ELECTION
CAMPAIGN?
BECAUSE YOU'RE TALKING ABOUT KEY
STATES, THE TOP STATES THAT
INVOLVE COAL, PLACES LIKE
PENNSYLVANIA, WEST VIRGINIA,
WYOMING, OHIO.
A LOT OF THE STATES IMPACTED BY
THOSE JOBS.
IN PENNSYLVANIA ALONE WE ARE
TALKING ABOUT 20 ELECTORAL
VOTES.
>> ABSOLUTELY.
AS YOU LOOK ACROSS THE RANGE OF
FOSSIL FUEL SOURCES, THIS IS AN
ADMINISTRATION THAT IS WAGING A
WAR AGAINST DOMESTICALLY
PRODUCED CRUDE OIL AS WELL, SO
THAT EXPANDS EVEN FARTHER.
NOW WE ARE TALKING ABOUT
MONTANA, NORTH DAKOTA, SOUTH
DAKOTA.
WE ARE TALKING ABOUT THE HEART
OF THE COUNTRY, THE LARGEST
PRODUCING STATE OF COURSE IS
TEXAS, OIL-PRODUCING STATE.
THIS IS AN ADMINISTRATION THAT
HAS -- THAT SURELY HAS LOST ITS
CAPACITY TO REASON WHEN IT TAKES
ON FOSSIL FUELS.
IT IS REALLY TRYING TO DEVASTATE
WHAT IS ALREADY A VERY TOUGH
INDUSTRY.
AND BY THE WAY, COAL IS NOW ONE
OF OUR MAJOR EXPORTS.
CRUDE OIL, REFINED PETROLEUM
PRODUCTS ARE NOW FOR THE FIRST
TIME IN 60 YEARS BEING EXPORTED
BY THE UNITED STATES.
ON EVERY LEVEL THIS
ADMINISTRATION HAS ITS HEAD
FOCUSED INEXACTLY THE WRONG
DIRECTION.
SHANNON: IT'S INTERESTING TO
NOTE THAT THE CAMPAIGN WEBSITE
FOR THE PRESIDENT NOW MENTIONS
COAL SPECIFICALLY AND HOW IT CAN
WORK AS PART OF THE PLAN.
WE'LL SEE THE ADMINISTRATION
SAYS IT'S PART OF THEIR ALL OF
THE ABOVE