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How the Fuel Wars Will Impact 2012

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    FNC’s Andrea Tantaros discusses the White House’s response to climbing fuel prices.

  • Duration 5:05
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-- -- is with us out co panelists with the five and enter -- -- I want you to listen to a President Obama said about gas prices just last week.

You know there are no quick fixes to this problem.

You know we can't just drill our way to lower gas prices.

OK now does that -- just something else because I remember this President Carter 1977.

We must -- to fund.

That community shortage is permanent.

There's no way we can solve it quickly.

Pretty -- some of the similarities -- Malays -- -- -- -- that's doom and gloom president from the seventies and now the doom and -- president of the millennium.

I think that if there's any way to squelch any kind of growth that we've had.

It's higher gas prices and I think that if these continue to rise you're gonna see the president and it.

On that Keystone Pipeline what we're we think that yeah he can't he cannot get away with continuously -- his heels and giving speeches like we saw last week.

-- all he does is he's rhetoric to demonize the oil companies and talk about -- -- it's just it's not gonna work.

-- -- garbage that that's put out here is not a plant like substance substance and now.

-- -- And tried -- -- your card weighted -- when you're gonna get there and listen live gets it's five dollars I will try to putting -- if it was such a winner do you think the private.

Sector would RD beast rating off rocks in the Hudson River in the private sector in the eyes and little test.

I'm -- Jersey I don't know whether it's still a way to work we do quite a fuse box but.

Yeah I think the president's already fallen back a little bit -- that are dear hinting that hey you know what can we get a different version the keystone also the all of the above strategy AME.

It's gonna be enough that seems so disingenuous the all of the above strategy.

Well you know the above strategy is great in theory right you don't want to discourage any kind of research being done that you don't -- being done with taxpayer dollars anyway even see Angela Merkel come out last week and say you know what solar panels.

Maybe it's a great idea but Germany doesn't have the money to do it -- not in the state of our economy.

Last week also the UK said no more subsidies who's when -- is absolutely.

Let's look at the way I -- sector wants to do this kind of research you know look -- they did research long ago when people set out not of the automobile the airplane wasn't.

You know workable but here's a question and Alan -- We -- competing against people who don't care too much about the free market talk about the Chinese and they're throwing billions of dollars at developing technologies and and fuels so how -- So -- higher until we -- I really brother Eduardo let me respond to these don't care they met a process that is that is a red Herring that the president on the red -- to the president that up to put every dollar that China spending -- spending a trillion on fossil -- and and they had.

Are yeah we're gonna be of the China's gonna he's using targeted replied I don't -- -- if you want our free market to be able to compete how do you respond to that ideally against because.

That there's no -- that the hi I'm remarked how he wanted to don't -- to people who don't play by our rules -- -- what do we do to change data rules so we can actually work and the president make a mistake we do we wanna compete and sell glass panels toward dollar would have pitting profit.

That's -- -- free markets not in that business look at this not on look at the people and the reason.

We want -- to -- when it's Green energy boondoggle that even in New York Times said.

Was a boondoggle let's not get an idol wanna live there is a horrible example I agree Begin to talk how do you -- What policy do you put in place so that we have the advantage over China which is throwing billions and is in it to win and we are not try not to create playing -- for our free market to be done.

We don't market pouring here that's that's the issue and what we're doing their money and they got into and -- -- and -- -- You moon here's here's my -- ever going to be it's probable back up none -- another comparable -- investors wanna talk about let's talk about big picture.

What ever country controls fossil fuel and food for the next thirty to forty years will control the world.

China knows this whatever little -- is that they're putting a solar is a penny with they're putting into real gas tar sands and things like that.

You know they idolized him clearly that you have obviously they've they they're gonna have far more -- gonna keep using -- -- -- -- let's get off a political on the hill Andrea are you -- -- -- a political don't -- And the president saying let's get off Aussie -- it is openly hostile to fossil fossil yeah.

And that's what is the only competitive source on the market yeah.

And that Pitts works from the president when gas is three dollars -- for five dollars we start to wonder why are we taking advantage of our own natural resources to set a bump pumping a billion billions of dollars and to Solyndra.

Politically he passed -- he he has to release -- -- -- I think natural gas.

Because if he believes in something like natural gas he said it he should be backing the natural gas act he hasn't done -- this is what tells me Charles he's just not serious about any.

And by the way those natural gas stocks like the clean energy is they've been edging up because your point someone's thinking maybe they'll pull the trigger and that's the cleaner burning fossil fuel.

Even -- compromise hasn't been -- yet.

No not yet but if it keeps going up that well things are coming in sort of the pot yeah that I got -- threat.

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