You're watching...
Sen. John Barrasso, (R-Wyo.), on why the Administration’s energy policies, particularly pertaining to coal, are having a negative impact on the econ...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- says the Obama administration appears to be deliberately sabotaging certain parts.
Of our nation's economy one example the coal industry that could be destroyed.
By Environmental Protection Agency regulations joining us now senator John -- -- Member of the energy and natural resources committee environment public works -- relations committees as well he's chairman of the senate western caucus.
Senator good to have you with us let me first get your reaction to.
The idea that so many democratic senators and in important positions of leadership.
Are not even in communication with the president of the United States.
The president to me has really checked out of what's happening on Capitol Hill and is focused only on his.
Reelection he's putting his own political future I believe it ahead of the future of our country people all across America want a healthy economy.
And they all realize the Obama economy is not a healthy economy the president seems to be only focused on his re election.
Deeply troubling to many.
Many folks in this country.
Is this administration's attack on fossil fuels in particular -- let's focus on hold your state leading producer poll of the country.
This is this is -- it seems absolutely counter intuitive.
Coal -- provides about 40% of the electricity that is generated in this country.
Fossil fuels critically important -- the country yet this president has declared war -- poll specific.
Well he did it when he was running for office -- said under his administration electricity prices would necessarily skyrocket.
But you know -- -- the most available.
Affordable.
Reliable.
And secure source of energy in the United States and the jobs are good jobs.
Remember just two weeks ago in West Virginia in the primary.
That pick that up prisoner got 41%.
Of the vote and carried -- -- eleven different counties in West Virginia against the president.
That is a vote against the president's position on call.
And while the president was not able to get his cap and trade -- -- called cap and tax proposal.
Through this -- -- we block that is now using the EPA.
And using rules -- -- using laws way beyond the original intent of those laws and what he's been doing is using those who tried to.
And effectively and subways shut down.
Coal and coal fired power plants.
Coal coal fired.
Plants and the same time the Energy Department has innovative program which they are providing loan guarantees to so called book.
Alternative energy.
Product.
And and corporations.
The this this sort of unified program -- corporate sixteen billion dollars -- -- 70% of those guarantees went -- companies involved in solar manufacturing.
Or generation and at the same time.
This administration is putting thirty better 31%.
Terror upon.
Solar panels coming into this country from China this doesn't make a lick of sense of -- -- so economically.
Where are we headed here.
Well a lot of things this administration does don't make economic.
Cents and you know we saw with the this Solyndra.
What the president called a bet that went terribly wrong they spent 500.
Billion dollars of taxpayer.
Money.
For this.
Company that I was going bankrupt and it appears today that the administration -- that when they made the loan but it anyway they rushed it through.
And it was supposed to save jobs that we know that that didn't work out.
Well for them this is -- administration.
In my view.
There really isn't focused on the best needs of the country they're blocking the keystone XL pipeline the president and actually lobbied members of the senate.
Vote against the keystone XL pipeline loop.
We need.
Affordable energy in this country energy security is a big part of our national security and to -- Canada you don't want your oil -- -- -- To China.
Is wrong for a future instead the president goes patted my hand to Saudi -- has produced more.
Energy that has thus sending more and more money is overseas that's battle to stay here -- And speaking in Saudi Arabia I think it's appropriate that we give credit through the saudis.
They promise that they would move to produce oil given off all that was happening in the world markets and they have.
Ramp up their production.
And that has had -- Terrific effect on the markets a terrific effect that is for the American consumer in particular don't -- -- Well I do but -- you know it's supply and demand thing Lewis you just said that's -- -- going to be exploring for -- energy off sure.
Our -- federal land with you all -- -- Atlanta in the interim I think it's appropriate to give the saudis credit.
-- -- credit is due because they have really help world book world markets and -- -- consumers in particular senator John -- always good to talk -- thanks for an evening.
