You're watching...
Former Ohio Secretary of State Ken Blackwell on the future of energy in the U.S. under President Obama.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Well there elected -- President Obama could be bad news for coal companies.
Mitt Romney had actually campaign on a platform to unleash America's energy resources he would have relax regulations on coal mining.
Now there's the perception that the president is anti coal because of that -- -- big drop last week take a look at Peabody Energy.
Down 10% since the election just one example joining us now Ken Blackwell.
Former secretary of state for Ohio.
-- I I think it goes without saying that we know that the president is anti fossil fuels.
But a lot of people think that his administration wants to just kill the coal industry.
What is created Charles -- a zero sum game among those sources of energy.
In 2008 before -- election then.
He talked about a -- -- strategy that would make it unthinkable.
For coal part.
Plans to go forward he actually have predicted that they would go bankrupt.
So nothing in his first four years.
Has indicated that he is taken.
And all of the above strategy.
Not only to.
You know fuel economic growth.
But to put us in a position of energy independence.
So and so what do you think then can because you know listen -- we've seen some coal companies actually go out of business we see a lot just jumping from the of reaction in the stock market.
A lot of and continue to be in trouble I would say -- wasn't for the export market perhaps seen a particularly China.
That many would also already be out of trouble can they can they make it through some of the draconian measures that the EPA it's forcing on him.
Well you know the EPA was the polls have come out.
By regulation.
With with some with some new rules.
And regulations and vague.
Put postpone that until after the election so I would anticipate this week or next week we're gonna see more draconian regulations that will.
Strangle economic growth job creation there and put a -- -- -- on the coal industry.
-- what do you think went wrong here in terms of -- Romney's messaging that should've been a big issue -- for hand moving forward we're gonna have to correct that what do you think about that.
Well if if you look at the coal.
Of counties in Ohio Romney did win.
-- -- we just didn't get the numbers out of those companies to compare with.
Some of the big urban counties.
And his -- tremendous.
Of vantage meaning Obama's tremendous advantage among.
Eighteen and nineteen year old and -- and single women.
So put it we're we're gonna have to begin to as -- do with the family research council.
We put that this is not just a -- issue.
This is an income issue this is a job issue this is an economic independence issue.
And so we're gonna have to frame it so -- working families begin -- understand.
Whether there are single family single mother head of households or or two parent households.
That it is in their interest that this president.
It looks at coal as a source of jobs economic growth.
And and -- cost of doing business then and -- only our statement in the nation.
But I mean obviously that's not gonna happen with the administration -- -- you just talked about the EPA.
Being more draconian for me that's akin to drop into atomic bomb on Nagasaki -- can't get any more draconian than they've then I Ellison the president -- Israel elected -- said.
You've just gave -- the mandate for clean energy so.
I -- almost -- it's almost on the played taps for the industry.
Well I know we're gonna have to understand that one of the reasons that we have.
Thirty Republican governors.
Out of our fifty states.
And we have a house of rare blue it is proud that is.
-- -- ahead of a majority of Republicans we have to have them speak back.
To this president of the ministry I agree hey you know what they're gonna have to also speak to the American public in a way they understand can we appreciate it acts of a lot with a bit with -- --
