Also in this playlist...
This transcript is automatically generated
Change for President Obama on energy in about an -- he's gonna go to the rose garden and propose raising taxes on the oil companies again.
But I say he's missing a big opportunity to do something positive on gas prices Psycho and Fox News credit and Democrat strategist to see if I -- It's possible that we will agree on something Sally well let's see story OK I think the president has an opportunity via.
To do a few things on gas prices and oil prices and win a -- support.
If he said yes to the Keystone Pipeline yes Stuart Little bit more drilling and yes to opening this -- it's on the emergency reserve of oil.
I think it would get oil prices down and I think -- be a political winner why does it do it.
Well you know look let's separate politics from practical policies that would.
Gas prices gas prices you know are lagging indicator right so there's nothing in the immediate short term president can't -- any political -- tomorrow.
And lower gas is all about hard politics that's all of Betsy -- Analytical support the point is -- he started drilling today and you're gonna you know it's gonna affect gas prices maybe -- -- -- saline he wins like political suppose -- -- -- but that's different than saying it would act.
Shall I -- -- lowered appetite on the part two -- -- president said today -- tomorrow we're gonna open up the outer continental shelf.
And we're also gonna do all the other things -- Stewart talked about ore prices will go down.
I mean you're you're right to an extent in terms of the trading in the trading would benefit the prices and that that the but the point the larger point is.
Is that the president -- -- main reason for doing any of these things would be about.
Affecting politics and not gas prices keystone is a perfect example and and a set of a million times and backs you don't seem to get through -- an opportunity that president when transit is what's gonna beat up on the oil company but let's look at trans -- for isn't there that Keystone Pipeline as an example -- Canada's own application for the Keystone Pipeline sad that it would raise gas prices in the midwest.
So the president if he has any if he has any Smart -- -- volume actually it might be the right thing to do so but exactly for gas prices the why -- -- to why would we want to correct that jobs why wouldn't.
Yes we do and they have over inflated -- probably.
The number of jobs it's -- great political it wouldn't -- our preliminary Robson.
That is -- to president went to that solar plant last week.
And he talked about have been the biggest of its -- to get 54 million dollars between federal and local taxes tax money from from taxpayers.
They've got five people working there how could you belittle would -- inflated number of keystone will be whether it's 101020000.
You put that the compared to.
Five jobs that's embarrassing look.
You know what we can agree to disagree on the Keystone Pipeline but I do think you're right in the short term it's a political winner because it's been politicized.
But in the long term I don't think it's good for the country and I accidentally shot -- President Clinton does the right thing but what I don't understand Stewart is that one -- earth would you hammer in the hat.
And instead and from wanting to stop giving him I think the -- Successful there's a buzz word I had that they -- -- go to war and why don't we might let my wife and I guess if you think -- Facts I must such respect on the facts I've got very limited time and I'm gonna do it our extort.
-- -- he's not written by the treasury and given to the oil companies it does not that is not what happens taxpayer money does not float to the oil companies -- please -- money differential treatment sold out companies like Solyndra that is a check from the treasury and I'm grateful that our president and with the use of the woods -- first long grateful that our president is investing in the future of American energy and not just the past the Learning Channel and.
And second we give differential tax treatment you know can argue with putting as I can I get my friend -- I thought isn't this of their domestic production -- to isn't always everything different to all the that -- well because -- -- have the oil companies why are -- giving -- differential treatment -- successful oil companies they can stand on -- we don't -- we do -- -- and they don't expect they get -- sorry you're -- -- perhaps I'm -- -- get -- one billion dollars -- someone will -- 31 -- -- -- taxes last year Chevron -- twenty billion comical -- -- -- important relaxed and -- they -- -- and if they -- -- -- that's -- -- -- their advantage -- -- -- what.
The tax credit for an oil company what it invests in the drilling rig.
Is Lola than the tax credit for a technology company -- finds a new computer did you know that it.
I do that's not the only question is the question is look we of the country have a choice about where we invest these tax credits and -- and look the American people what happens is you wanna hammer bit odd you know let's drill drill drill baby drill and here are aren't all are going -- -- -- -- And we're getting four billion a year we don't do very -- window that giving -- do you.
-- -- -- -- -- -- -- -- -- -- Stuart weakened -- taxes and how we tax and relative to other things and where we -- credits you business statement about national priority in my view is an apprentice misleading America wow no checks.
The -- does not -- is not suggesting a check written test checks and he's written by the treasury to Solyndra.
The -- hostility that that you wanna have a conversation about humans -- and and more importantly our investment in new energy to let's have -- conversation but meanwhile the American people.
And American people of Iraq don't frustrated at a time that we're giving them special treat.
Filter by section