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FBN’s Lou Dobbs on the increase in U.S. fossil fuel exports and why the Administration’s energy policies are getting in the way of expanding those...
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Time for a little chalk talk and let's talk energy denied no no no no no not Obama as Green stuff the real stock.
Old fossil fuels carbon.
Coal exports Sergey last year to the highest level in two decades are you ready.
We exported here go poll.
I love.
This is the stopping president he just hates this.
But guess what our trading partners -- and last year 100.
And -- Millions.
Are you -- Bottom -- coal.
Export that's double what we -- exporting in 2006.
The news gets even better when it comes to patrol here.
Exports of gasoline diesel and jet fuel last year.
Exceeded imports by almost 500000.
Barrels a day 500000 barrels a day.
Think -- -- -- 500000.
Barrels.
Of petroleum.
Products.
Jet fuel diesel.
-- Gasoline.
And the last time -- United States was actually a net exporter of fuel was back in 1940 not.
Put all this in dollar terms it's our fuel exports last year were work.
880.
Billion.
-- dollars let me dispel.
Additional apartments well.
Can you imagine that we fall short a little bit and natural gas.
-- -- they -- Natural gas we've got the world's greatest supply of natural gas in this country.
That's right.
But in 2010 the last -- firm numbers that are available.
The United States actually imported three point seven trillion cubic feet of natural -- three point seven trillion.
Three point seven trillion cubic feet.
And and the fact of the matter this.
We'll.
Have a surplus of natural gas in this country.
And we exported.
One point one.
To -- them.
Cubic feet last year so what's going on.
What standing in the way of house exporting and producing natural -- and export.
SY.
The -- -- as the Wall Street Journal that they report.
The Energy Department isn't approving any more natural gas export -- -- Until it completes an impact study.
That'll be later this year.
That's right after the election.
And it's not the only area of course for the administration's dragging its feet it's done precisely the same thing.
On offshore growth.
And the house natural resources committee.
They issued a subpoena to the interior department's inspector general's office -- refusing to turn over documents related.
To the administration's drilling moratorium in the gulf in particular.
That's subpoena seeks the very same thirteen documents.
That the Interior Department failed to provide a response to our previous subpoena.
Just last week.
So we're starting to see a little problem here.
A little problem.
And that's not a zero.
That's the Obama -- energy.
Policy.
That's -- standing between us and further exports.
-- coal and natural gas.
To the world.
Where by the way just in the case of natural gas the number.
The number and terms of price.
Is 28.
Times greater.
That being paid in the United States that makes that a pretty attractive proposition.
I will tell you it's a guy who wants this under free enterprise capitalist as you know.
And I give a little excited about the opportunity to really start export.
And I also -- lol little excited about an administration standing between us and reducing.
Trillion dollar.
Debts now amount to about the national debt this -- I'm talking about our national trade debt are external that over seven trillion dollars.
This administration could be --
