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Well meanwhile vice president -- Biden has no compliance when it comes to his administration's energy policy list of goods.
I think our energy policy is the best it's ever been -- importing less foreign normally have any time in sixteen years.
We are pumping more gas and oil that any time.
In the last eight years we're in a situation where there's more rigs going American and all the -- the world combined.
We have double the mileage of automobiles.
Well is the vice president made those statements it seems pretty clear the 1 of the central tenets of the policy is the demonization.
Of big oil and glorifying renewable.
So called energy.
But what the administration isn't saying clearly is just how critical our oil natural gas and coal industries remain.
-- our economy and how important it will be for years to come.
And just what a small and at this point in significant.
Of our entire energy spectrum Green energy remains.
-- let's turn to the -- -- and take a look at the latest numbers from the Energy Information Administration.
When it comes to our total energy consumption.
Oil oil still makes up.
Of our energy consumption.
Natural gas is up to 25%.
-- -- And just want.
If you -- include all work Mr.
President I know you don't like to do that we're gonna do that anyway.
-- is still 21%.
Of that consumption.
So very are.
It's the fact of the matter is.
Oil still represent.
More than a trillion dollars of economic activity each year account for just about 8% of our domestic product.
Now how much of our electricity is being generated by all of the discussion all of the rhetoric all of the energy loans.
All of the long guarantees.
Over so called renewable.
Now those sources.
Amount to just about 8% of our total energy needs renewals.
I love this work I absolutely love this -- renewals.
Because it sounds pretty fancy doesn't -- you get kind of excited.
But we know what happens so often -- when you start looking a little deeper when we break it down a little farther.
Our our solar.
Our geo thermal.
-- now amount to.
What you've heard all the stories about how much of subsidies have risen by by a factor of three about how important it is and it someday will be.
But right now.
These all amount.
Of -- -- 1%.
And the technologies.
That the administration.
Academia and others.
Insist on including amongst renewables.
I think you might find interest.
Because they're -- -- kind of excited about that overall number but the fact is 5%.
Of our energy.
Comes from are you ready.
-- -- In Hydro.
Now those technologies folks have been around I think we're -- all acknowledge.
A long time so the next time anybody starts pushing so called renewables.
Let's be really specific.
And question exactly what's going on because as we -- get deeper and deeper into these numbers it's really clear that solar.
Geo thermal and wind are critically important part of the all of the above policy.
The fact of the matter is they still amount of just about 1%.
Of our total energy but always something that's kind of interest.
Crude oil which amounted to about 18%.
Of our energy generation electorate -- generation.
Forty years ago is now down to 1%.
Think about that -- -- -- 1% that's a good thing because particularly with.
The constraints on drilling and producing that oil.
But interestingly nuclear is now one of the major components of electric generation this country it's up to 21% but I just share that with you real quick what.
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