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Sen. David Vitter, (R-La), on Obama’s support of Brazilian oil production while policies impede oil production in the U.S.
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The president like to talk about how well American oil is doing but he can't take the credit.
And -- 4% of the recent increase in domestic production comes from federal lands.
As national gas prices near four dollars pro energy advocates are calling for the president.
To stop sitting on the government's nearly two and a half billion acres of land and offshore areas.
Joining me.
-- -- He's from Louisiana and he has been fighting for more domestic drilling permits.
Tell you you make of the president's press conference today is -- more the saying.
Well Jerry it's more of the same and for Louisiana hands it's absolutely galling -- here he is using taxpayer dollars.
And applauding Brazil's offshore industry wanting to help them develop it.
While he does -- exactly the opposite at home.
And actually makes it more difficult for us to produce US energy and create US jobs doing the same thing.
In the gulf and elsewhere in the United States.
Well senator you know the export import bank folks are making a very big deal with us tonight that this is not alone that -- are making directly to Petrobras or Brazil.
And in fact they're only guaranteeing a portion of the loan not even the entire -- but is even that sit -- with somebody like he'll.
Yeah those details -- really don't matter the bottom line is exactly the same.
We're using US taxpayer dollars to help finance offshore and other oil and gas development in Brazil.
When the same administration.
Won't do it here at home won't expand those jobs in the gulf.
And elsewhere in the US we have enormous potential.
For that economic activity here at -- won't take any taxpayer dollars it would just take the Obama administration.
Getting out of the lack.
You press the White House for answers on the outcome of some of these loans have they gotten back -- -- Now I've sent to specific latter is to the -- bank.
Are asking for details about these loans have no answer yet but we will get an answer we'll keep -- Well let me show you something that we found here this is the impact of export import bank loans and what you see is -- only 33 bill.
Million of a total of two trillion in exports are backed by these -- so in -- If you look at the impact to the bank until experts say it's -- -- -- of that.
What Jerry it is very limited what's even more worrisome are those cases.
I'm not talking about energy but for instance in some airline deals.
Where XM loans actually work against American Airlines make them less competitive.
So in those cases were using US -- taxpayer dollars.
To help foreign airlines -- by planes and very.
Favorable rates to compete against US air alone so in those cases were actually working against those US airline -- You know it's interesting you bring that out they can't we had somebody from delta on the show.
Who talked extensively about how loans on behalf of Boeing overseas is really hurting their business now.
Here's what's interesting that happen.
-- Brazilian airline.
Actually a Brazilian company -- that delta is working with and got an -- lung and what do you make of that.
Well it'll be interesting to see if delta it continues to be as outspoken against right.
Out of XM bank I hope they are we need to reform the ex -- bank -- -- if -- go away altogether but they need to do a whole lot more due diligence.
About the positive and negative impacts of any of their deals and they're not doing that due diligence now even though it's mandated by law.
But it is Senator -- you don't wanna get rid of them you think the government should be in the middle of this government should at play a role in deciding who gets things alone I would like to get rid of all of this sort of stuff worldwide.
But other countries do it to benefit their industry -- so until we can get rid of those competitive.
-- subsidies I'm not sure we can get rid of ours but we sure as heck can make sure that they're not having negative impacts.
On US jobs as an airline -- Let's kind of slippery slope -- -- I mean if you offer some to some people that he had to offer more money to others I don't.
See how you really draw the line well -- again I think the first step is real simple.
Do the due diligence do the research and see.
If -- taxpayer financed deals actually gonna work against US jobs as it does with many of these airlines.
I -- give you a chance to -- respond to.
And ethics charge that the government trying to bring against you.
For blocking a pay raise for Ken Salazar.
What do you make -- that ultimately they were not successful.
Until we're reaction.
Well this goes back to the issues were talking about to Begin with energy.
I was appalled.
By Ken Salazar on the Obama administration's energy policy.
And I was like rubbing salt in the wound to Louisiana -- when in the midst.
Of the moratorium.
In the gulf.
The most negative of their energy policy.
A pay raise for Ken Salazar was proposed.
I said absolutely not put a hold on that Perez -- -- -- and I suggested that he should be doing his job and actually.
Are reviewing and -- and passing on permits to get us up and going in the Gulf of Mexico well.
It seems to me and if you look very seriously at the administration's policy when it comes to oil when it comes to coal in particular.
It's not an all of the above strategy out there -- something else how would you describe the president's energy policy.
No no no no -- I mean that's his answer over and over and over again to domestic energy.
I thought he was supposed to be about yes we can bet on domestic energy it's been no no no -- -- -- -- off the Atlantic coast known to the Pacific coast note of the eastern gulf.
No the most awful offshore Alaska certainly -- to and why are they Alaska national wildlife refuge and knows so far too enormous.
Our activity.
That could potentially happen in the western states with these new shale -- right right I just been saying no no no no -- Canada we need to start saying of course -- to the keystone XL pipeline.
We need to start saying yes for energy and also for great American jobs.
I wonder some of those oil rigs that would have been gone a golfer now going to Brazil right.
Yes they're -- all around the world that have been since the BP disaster in the moratorium.
And we need to reverse that -- worrisome because these things don't just turn around on a dime we can't get them back.
In a matter of a few weeks once they're re deployed.
To Brazil.
Or Africa or Australia and some have gone to all those places they're gonna be there are several years several years and that's -- As -- that's a lot of jobs that's a lot of and that's solution that we don't get that somebody else does senator -- thanks for coming on tonight really appreciate your time you -- very much.
