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Obama’s War on Coal

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  • Description

    FBN’s Lou Dobbs on the Administration’s regulation of the coal industry.

  • Duration 4:38
  • Date

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This transcript is automatically generated

There's been a noticeable change to the Obama campaign website on a page called the all of the above energy approach -- -- -- that.

The political publication the hill noticed that the Obama camping last night.

Quietly added a section on clean coal.

There -- the web -- previously.

Sections on crude oil are biofuels natural gas wind solar nuclear but no coal.

Which still generates 42%.

Of this nation's.

Electrical power by contrast natural gas accounts for 25%.

Let's just go through that.

-- 42%.

And was from on the all the -- -- website.

And natural gas.

25%.

And in -- Nuclear makes up about 19%.

And we go long from various jobs other fuels but we're -- -- that they assures you.

What predominantly we're looking at and it comes to.

Electrical generation this country of the coal industry by the way provides of the country with one and a half million.

And just I know the president doesn't like to be bothered by these button minor items but hole in the coal industry.

Is one and him.

Million.

-- jobs.

By the way as well.

I think that's kind of important at least we think so here we're -- -- and if we look at these facts.

The web -- of mission is really just a small part of what has been.

War by this administration on coal.

Listen to what then Senator Obama said about this nation's most abundant.

Energy resource back and 2008.

If somebody wants to build a coal power plant -- him.

It's just that -- will bankrupt them because they're gonna be charged a huge sum for all that.

A greenhouse gas that's being -- it.

I was the senator then and the president now and congressional Democrats in 2010 went on to try to pass that cap and trade legislation.

It -- of course.

But this administration then put the EPA and overdrive with draconian regulations that it targeted coal fired power plants the administration's been responsible for substantially.

Blocking and delaying coal production on federal lands and under the Bush Administration.

Coal production on federal lands averaged.

Think about this.

-- -- 115.

Million.

Tonnes.

Each and every year.

515.

Under President Obama.

Down to 272.

272.

-- a reduction of almost half.

Critics of the president's policies also point out coal is still well kind of cheap relative to the costs of those other sources of electricity no one.

No -- seemingly in the administration is interest in this.

We see very few references to the fact the -- remains the cheapest energy in the country natural gas is cheap as it is just over.

Two dollars.

Natural gas is still.

Four times think about this natural gas.

Use war times as expensive.

As Cold War.

Are now that's that's amazed and -- also costs the United States.

Are you ready for this every year rubber.

42%.

Of our electricity is generated by coal.

We're spending only.

Thirty.

Billion.

Dollars.

On that -- thirty billion that's 4%.

Of what we spend on crude or 4%.

By the way.

Crude oil is only -- -- Of our electrical generation we have enough coal by the way don't last more than 200 years in this country based on what we're consuming right now.

And I can't tell you how excited I am that the administration has discovered -- And the question.

Remains.

Why would this administration.

Not be talking about achieving energy independence.

Period.

And eliminate.

Our dependency.

On imported oil it's all within our grasp.

All that is required is leadership.

And --

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