Tip:
Highlight text to annotate it
X
>>Neil: WE APPRECIATE IT, IF
THE PRESIDENT CRACKS DOWN ON
SPECULATORS HOUSE REPUBLICANS
ARE EXPECTED TO CALL FOR A VOTE
TOMORROW TO REVISE THE KEYSTONE
XL PIPELINE BUT IF IT PASSES THE
HOUSE WILL THE DIE IN THE DLY --
DLY -- DEMOCRATICALLY CONTROLLED
SENATE.
SENATOR THUNE, CAN I ASK YOU THE
QUESTION ABOUT CRACKING DOWN ON
SPECULATORS.
IF YOU DO THAT DO YOU LOWER GAS
PRICES?
>>Guest: THIS HAS BEEN STUDIED
BEFORE, AND THERE HAVE BEEN, AND
MY TRADING COMMISSION DID A
REPORT IN 2008 AND CONCLUDED IT
HAD LITTLE IMPACT.
STATE REGULATORS HAVE LOOKED,
AND WARREN BUFFETT HAS SAID IT
IS A FUNCTION OF SUPPLY AND
DEMAND.
THAT IS WHAT DRIVES THE PRICE OF
OIL IN THE WORLD, A GLOBAL
COMMODITY AND THE PRESIDENT IS
TRYING OUT SOME OF THE SAME OLD
LINES HE HAS USED BEFORE BUT
DILL NOT LOWER THE PRICE PER
GALLON OF GASOLINE FOR AMERICAN
CONSUMERS.
WHAT WE NEED TO DO ARE THINGS HE
IS SAYING "NO," LIKE THE
KEYSTONE XL PIPELINE WHICH, I
HOPE, HE WILL HAVE A CHANGE OF
HEART ON.
>>Stuart: IS THERE ANOTHER
VOTE OR FRESH LOOK AT THE
KEYSTONE XL PIPELINE DECISION
COMING UP SOON?
>>Guest: THERE IS IN THE HOUSE
OF REPRESENTATIVES.
THEY WILL VOTE ON IT AS AN
ATTACHMENT TO A TRANSPORTATION
BILL THEY WILL MOVE AND THAT
WILL PUT IT IN CONFERENCE.
I WOULD HOPE A WE MIGHT BE ABLE
TO GET SOMETHING OUT OF THE
CONFERENCE THAT WOULD INCLUDE
THE KEYSTONE PIPELINE.
WE WILL CONTINUE TO TRY AND
ADVANCE IT IN THE SENATE BUT
RIGHT NOW WE ARE RUNNING INTO
RESISTANCE FROM DEMOCRATS BUT
THE LAST TIME WE VOTED WE GOT A
DECISIVE MAJORITY, 56 OR 57
VOTES IN THE SENATE.
WE NEEDED 60 TO GET PASSED THE
FILIBUSTER BUT IF WE CAN GET THE
DEMOCRATS WHO REALIZE THE
IMPORTANCE OF THIS ISSUE WE
COULD PUT A BILL ON THE
PRESIDENT'S DESK AND FORCE HIM
TO MAKE A DECISION WHETHER HE
WANTS TO SIGN A BILL THAT ALLOW
HOW,000 -- ALLOWS 800,000
GALLONS OF OIL.
THIS HAS BEEN DRIVING BY THE
ENVIRONMENTAL EXTREMIST GROUPS
PART OF HIS POLITICAL BASE IT IS
AN ELECTION YEAR.
HE DOES NOT WANT TO ANTAGONIZE
HIM AND HE KNOWS IT WOULD LESSEN
OUR DEPENDENCE ON DANGEROUS
SOURCES OF ENERGY SUPPLIES IN
PLACES IN THE WORLD THAT ARE
MORE VOLATILE THAN IS CANADA.
AND IT IS HARD TO FIGURE WHY
SOME OF HIS POLICIES ARE TOWARD
SPECULATORS AND HE BLAMES WALL
STREET.
HE BLAMES THE MIDDLE EAST.
HE BLAMES THE OIL COMPANIES.
YET, HE IS NOT DOING ANYTHING
THAT WOULD INCREASE THE SUPPLY.
SO, HE SAID NO TO KEYSTONE, NO
TO ANWR, NO TO OIL SHALE, RIGHT
DOWN THE LIST, ALL THE THINGS
THAT WOULD INCREASE GLOBAL
SUPPLY AND TAKE PRESSURE OFF OF
THE PRICES AND BRING PRICES DOWN
AT THE PUMP FOR CONSUMES ARE
THINGS THE PRESIDENT HAS
REJECTED SO HE IS LISTENING TO