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FBN’s Lou Dobbs on the financial and political costs of the President’s energy policies.
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Should for the Obama administration.
High gasoline prices tend to drive the issue of energy policy.
To the forefront of political debate and discussion and that what -- Like what might just happen in the weeks ahead price is the -- have gone up by nearly a dime a gallon over the past two weeks.
Up ten cents.
In two weeks.
Us that starts to get a little troubling.
Reversing what had been a three month decline the average price of a gallon of regular gasoline now stands at about three dollars and 49 cents a gallon.
-- if you are thinking.
That's sounds like a little bit.
More that's exactly right -- to bump up to.
The winter levels while President Obama is claiming to have -- all of the above energy policy.
It's far from what we're seeing from the White House in fact.
Stricter federal environmental regulations are driving coal -- stood just simply to shut down and in record breaking numbers.
Operators planning to retire a record.
-- Coal plants.
This mean this is just unbelievable.
57 -- Will be shut down.
In 2000 well this year.
This -- and projected this is what is happening this year a 175.
Generators are shutting down.
175.
Over the next five years.
And at one time poll constituted more than well.
That represents more than 8% of all of our total coal fired capacity last year 8%.
And that's just part of the larger trend -- share of our total electricity.
Generation.
Who is just -- -- 50%.
Just five years ago.
It plunged all the way down to what is now.
42%.
Of electrical generation.
Power generation in this country meanwhile President Obama refusing to approve the keystone XL pipeline.
Despite a recent Washington Post ABC news poll showing 62% of registered voters Mr.
President.
Actually -- green -- map project.
The president apparently trying to curry favor with his base on the issue it may cost him significantly.
With boaters specifically.
Environmentalists were worried about the impact to an underground -- -- in Nebraska.
They have a lot of voice in this but critics say the move would -- across the country nearly 20020000.
Jobs.
20000.
Jobs just from the Keystone.
Pipeline.
-- mean that is just.
Remarkable.
That this president would be so cavalier about that but that's -- all.
It also drove Canada pursue a deal with China instead of this country that's -- China's state run oil company -- -- are up.
-- -- is now slated.
To buy Nixon.
Which is.
The Canadian company paying fifteen.
Point -- Billion.
Dollars.
And guess -- guess -- -- senator Chuck Schumer and congressman Edward Markey are all upset about that.
Now they want people to understand that that's bad policy.
And worse politics.
And the fact of the matter is.
Mr.
Markey senator Schumer.
Are very late and arrogant in suggesting they can -- Canada how to run their country when they are largely responsible for the disastrous policies.
That constitute the way we're governing in this country by the way just another cautionary note.
Bad politics.
Bad policies.
Prices generally move higher.
