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Author Scott Anderson discusses the administration’s push for alternative fuel sources to help counterbalance increases in gasoline prices.
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-- Obama by the -- says there's no magic solution for rising gas prices but he does say algae could help take a look -- this from last week.
We're making new investments in the development of gasoline and diesel and jet fuel that's actually made from.
A plant like substance.
-- LG.
You got a bunch -- -- -- OK now the degree skeptics guide and it's and it's got battle that's ended.
You that -- that -- -- expert on this kind of cut out the idea pretty pumped up on this.
-- Iowa Iowa I don't know about pumped up analogy but I think that it I've always been in favor of -- and I think that this is a good use of of government dollars.
I like DOD is heavily invested in this and for good reason the security question that -- -- -- let's imagine that's guys did you come up with an alternative for gasoline yeah what would you be a trillion there.
Enough motivation for the free markets and the well site they called remark on hardball and they are -- that the quality -- at 34 years ago Wyoming.
You know putting money into this in Silicon -- why do we need taxpayer money -- something just probably won't -- -- ball for twenty.
Thirty years ago let's go back to you you talk but the ethernet up about -- either are gonna do about the Internet and GPS.
If -- wrong investments made by the DOD and R&D and research and development ironically though they weren't -- investments right well they've been luckily no doubt that eventually free market took that brow edged.
And commercial lines and they're gonna have a right but here's the point though they were -- this engine that was a diaper defense regularly all of these things at some department of defense's all.
So working on algae based fuels jet fuel authority purity deploying those they're working for about for the ships and they are working with with the traffic.
But CEMEX would say they've cut back on R&D for petroleum for things -- you need.
Every day there's right now I don't know that there's much R&D -- per Troy immense except for exploration okay already being done by the BP's of the world -- that are they certainly don't need to be I mean we're cutting wearing gas at.
Deductions credits by the second we're demonizing these companies left and right -- for the -- about I mean -- I'm against subsidies for.
Oil and gas and for alternatives but I do think R&D is where they should be investing their money and I like the bets that the DOD has made so -- particularly ads and that before we let you go well those that -- talk about we have about the fell one source of everyone's always going to be and with alliger with any of these -- biofuels are you talking algae cellulose sick waste energy whenever.
You know it there's going to be some.
Is just -- -- hope that there all the money doesn't go to political bottlers.
Yes I'm with the on the market but now.
The big.
What can we do now though I mean on the -- one of the debates is the president's poll numbers have plummeted since he came out said essentially a oil companies are evil I'm gonna tax them what's by the way had a heck that that bring down oil prices and B there's nothing I can be done.
She can -- can't be done right now though.
-- yeah I think that there should be some more exploration expiration I think there should be more drilling in that in the gulf I think we can do that safely if you're you know.
Keeping an eye on on the people who are doing it and making sure that they're following the rules which they weren't in the BP case.
And I think that you know the keystone -- cutting -- gonna have to resurface mean that that whole idea of this shale you know.
It's gonna Johnson has been -- God's going to Pennsylvania 215 -- -- 200000 jobs North Dakota unemployment rate 3%.
The president and the environment rules when it attacked that well one -- -- that.
Got -- -- -- got a program rates our energy problems not a supply problem he's praised by problem through the quickest thing the president could you can't order the covered every market change because of the free market and the quickest thing the president could do is.
One he could tell the EPA let's redo these regulations right now that have taken a third of firefighting -- talking about refining -- -- well I think -- But that right there is something wanted to do -- I ended if they closed on the refinery Philadelphia 50% offline watcher prices here in the northeast feel like California over five months ago I call off the EPA and mobile work on a lot of -- call off the -- -- -- -- let's modify -- finger regulate us today got you know you are your pragmatic and your sensible about all of -- thanks lucky brings.
