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Former EPA Administrator Christie Todd-Whitman on the need for America to have a diversified energy strategy.
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It is too dangerous to rely on natural gas is up primary energy source in the US so says former New Jersey governor and EPA administrator Christie Whitman and nation not the governor is with us are gonna speak over you dig -- and -- -- not -- Governor Whitman joins us right now what I mean it's dangerous.
Well I just think we have to be careful that we don't try to put all our -- in one basket and because it's so attractive right now the natural gas prices are so low.
We've been here before we seem low natural gas prices before and -- we've seen a spike and if you are utilities do.
A huge investment in just natural gas we can find ourselves of the short end of the stick in the not too distant future so -- -- on the above right.
We're seeing a shift to natural gas but certainly not an all in strategy are we not in terms of even the commitment by the government.
To really ramp up the distribution of natural gas this country we're not seeing yet.
Quite in that and that great you know would like paying.
A lot of the utilities -- when they're talking about where their capital investments are gonna be there -- immediate capital investments they're they're starting to go that way I think they've learned I think they've learned because they've been there before I'm just saying that.
We need to keep reminding ourselves that we're going there's no one source of energy there's gonna do it for us with that in mind if with that thesis that this may be too much attention being paid didn't natural gas is another source losing out one in particular.
-- well coal actually is the one that's been losing out the most I when I look at the portfolio what I'm looking for is a clean Green affordable reliable portfolio of of energy and that of course includes nuclear as far as I'm concerned because it is.
The only former based power and at least has no pollutants are.
No greenhouse gases are of the regulated pollutants wells producing power so.
But we do for the first time now have four nuclear reactors under construction is kind of first time in thirty years so that's been good.
I'd like to see that like to see us continue that just want to make sure that as we go forward in our revenue we tend to get on these.
-- get on -- train rides where we say how this is it you know natural gas now we know there's natural gas all over the place -- got fracking we can do always sort of.
Things prices -- make more than tenure was yeah but will -- prices have started to come back they're up more than 20% just from the low hit in April.
You're going to see a natural correction will you not if -- production pulls back a little bit natural gas.
If prices continue there are -- rise you automatically see I think change in business through what was.
It's just a question of what kind of commitment long term commitment and capital investment that the utilities -- now and whether they overloaded on one side vs the other but again as I said I think.
Most of them have learned the lesson of the past of that.
You know we have that low prices in the 1990s and we have -- two thousands were went up and I think they've learned the lesson and hopefully they will.
Make sure they have aid distribution system and includes all of the above.
Aren't good enough governor and terrific to see you -- to see you again have you on again not to distant future OK and talk about -- much different stuff.
