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Howard Newman, Pine Brook CEO, breaks down the Obama and Romney energy plans and how they would impact jobs and the economy.
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With the election just today anyway let's take a closer look at the candidates energy policies -- -- of course everyday life and jobs joining us now Howard.
-- pine -- president and CEO -- a private equity firm investing in energy and financial services business but we're focusing on the energy right now.
In a nutshell.
Romney vs President Obama on the energy policies that they follow so the energy policies is to canister very different.
The Obama policy is really about future technologies.
And technologies with -- largely applicable for power generation wind solar thinks like them.
The Romney energy policy is all focused on increasing oil production.
It's all about increasing domestic oil production in the short run the jobs that come with the so you can view the two.
The two candidates being very different with respect to the timeframe of the policies walked over over the immediacy of relief and on the kind of accidents that they will take.
By the way we we heard we also heard Kohl mentioned in the first debate by governor Romney and the president was quick to step up -- played say.
I too want these sort of all of the above approach but what are we if the president is reelected.
What are we likely to see the first three years I think it's fair to say is pretty tough policy by the president it.
And the EPA.
Against fossil fuels it's only the last year that he's he's claimed to be in favor of the all of the above do you think it's gonna be more like the first three years for the last year I would think.
More like the first when you go on his website and look at his energy policy it talks about clean coal it talks about.
Carbon -- rule it talks about the green agenda.
Can call us not consistent between agenda it.
A clean coal is a long term solution that's an important part of the of the -- long term and clean coal competes with natural gas will.
When you -- to the CEO Rogers effort to Duke Energy he says -- we want to put in scrap verse you know we wanna do coal sequestration but moving it forward the president's been supportive of things like nuclear power but also.
This storm has taught us a lot I think it's fair to say -- the first and I thought when I could not get gasoline in the car was.
If I switch to hybrid I don't have to fill up for every you once every six weeks.
I mean I'm really thinking about this -- a very serious situation for a lot of people around here and it almost felt desperate.
To think that that is the way to go.
I think we should do -- improve fuel economy.
-- wasteful more hybrids into the system would be a good thing it would if you wanted to have a gas tax was a lot of people -- -- don't like if you use a gas tax to.
Bring hybrids into the market place feel like that would be a good thing -- -- -- I would like against tax proceeds of which we -- to bring hybrids into the marketplace.
Because I think you would reduce consumption so much that it would pay for the tax.
And you putting more money into our coal and natural gas right now I know we're focused largely on oil and oil what we need Howard Newman pine -- president thank you very much -- -- --
