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Is D.C. to Blame for Rising Gas Prices?

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    Sen. John Barrasso, (R-Wyo.), on what is needed to rein in gas prices.

  • Duration 5:42
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This slow but steady climb in gas prices front and center in -- -- -- presidential candidates final Super Tuesday -- tomorrow and senator John Barrasso Republican of Wyoming and member of the energy and natural resources committee.

Writes in today's Washington times that quote soaring fuel prices are exactly what you expect when Washington over regulates.

Restricts access and tries to control the marketplace and senator joins us now thank you for being here that -- -- view well then by that assessment.

Would that a in the same situation when oil skyrocketed.

-- in 2008 under President Bush.

Too much higher than what we see right now -- 137.

Dollars a barrel was that from over regulation.

Well what we're seeing is a marketplace in action and opportunities to bring more oil into the United States from closer to home in the president has been.

Saying no to the keystone XL pipeline.

What it Chuck Schumer from New York say he said -- -- Saudi Arabia.

To make and to send more produce more but with what you talked about earlier in this hour world tensions this -- of -- -- with Iran.

It doesn't help us to have more oil out of Saudi Arabia we need to be more.

Energy self sufficient at home which to me means exploration.

More offshore.

On federal lands and in Alaska while there has been some talk the president's been talking about releasing some more oil from that the petroleum reserve that we have and has been tried before.

He yeah release about thirty million barrels last June how did that work out.

Well initially there was a little decline in price ultimately the price went up higher.

To me it's a gimmick the president should not do that the strategic oil reserve is for an emergency.

Not for a political disaster which is what we're dealing with what this president and his.

Opposition to so many forms of energy you know he said he wanted Green energy renewable to be the cheapest form of energy.

Well he wants to do that not by lowering the cost of renewable energy -- by increasing the cost of the other sources of energy from.

Coal oil gas Eurasia here you don't our really think he wants prices to go up to you well I know that he said he saw his sorry is that it these and -- And unfortunately that is going up gradually and he wants to -- reelection and and if prices are going up it makes it more difficult for him to win reelection right even last week -- secretary of energy wouldn't go back on that state general and secretary of energy said he thought that the thing we should do is have.

Gas prices equal to those in Europe you have the secretary of interior.

Who when he was in the senate and we were discussing.

-- C exploration he said even at ten dollars a gallon of gasoline.

He objected to to deep sea exploration you have -- state like Virginia where both the governor -- -- Republican and and the senators from both Democrats say yes this is a great place for energy exploration and yet the president says now.

Well what -- up about your operatic in -- you say that the Obama administration already has quote stopped issuing permits.

To explore for energy in the Gulf of Mexico.

But senator 61 deep water permits have been issued in the past year once the BP seizure.

Had finally released upn and relaxed a little bit so you've got 61 deep water permits.

And even we talk to a company that is not happy with the administration.

Hercules offshore drilling and they've been receiving -- their shallow water drillers but nonetheless.

Is that really a fair assessment or is is it simply politics you would say something like that when there are permits that are being released.

So -- sure there are no permits in the Atlantic no permits in the Pacific and what we're seeing is the significant amount of offshore.

Is done by Mexico by Cuba.

By Canada you see it off the coast of Maine by Russia off the coast of of Alaska and you mentioned China in -- in the last report.

In China's gonna buy Canadian oil because the president says no we don't want it -- the keystone XL pipeline and you saw the prime minister of Canada in China to sell.

North American oil overseas that is hurting.

Our ability to get down the you know I'm not I'm not sure I disagree we -- on the -- the did the slowing down a permits being released on the other hand when you look at.

-- permits for offshore off the coast of Florida for example governor Jeb Bush was against issuing those permits and of course he's a Republican.

Well but what you see is when you have bipartisan approval as you have in Virginia as you have an Alaska with again -- Republican and a Democrat senator from that state both supporting it still the president is standing in the way.

Senator what are the chances that anything that we did -- the US really has a meaningful effect on the global world price we've got Hugo Chavez.

Messing around with nationalize -- oil you've got the situation between Iran and Israel.

Everybody says it's impossible for one country.

Just tinkering to do anything about oil prices.

We need all of the above energy here we need we need to.

The coal in the presidency of regulations coming out of the EPA.

Have been very hurtful for that with coal fire power plants from the president even said when he was running a -- his policies electricity rates would necessarily skyrocket.

People have seen that.

As a result of this and for all of these increased costs for American consumers for people at home we're dealing with.

With kids in a mortgage and bills that it it it absolutely affects the quality of their life so when gasoline prices.

Continue to go up as they have and it looks like they're gonna go over four dollars a gallon if not five dollars a gallon.

This summer that's a significant impact in the quality of life.

Well American families we need a policy and we don't have when when this administration senator John Brosseau good to see is senators fabric of our congratulations your daughter's first day work son's first comes first there -- yes good stuff thank you got a job.

Yeah.

Thank you.

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