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Matalin join in the coming from Houston is John -- -- former president of Shell Oil -- Doctor cost now he was talking about debt I want to talk to you about energy.
Would you -- -- -- decided that President Obama is ruining.
-- energy policy deliberately.
Holding back our access to the fossil fuels which are Alice.
I would use the word abusing the American people.
Over the weekend he said he commiserate it's.
With the American people paying high gasoline prices he says this has been happening every year he says this is like -- tax on the American people.
Well Stuart you and I have talked about this numerous times.
This president has done more.
To damage the energy system of this country in areas where he pan that is federal lands where permits are down 50%.
Production is down of oil and gas more than 20%.
In the time in which he's been the president you -- about illegal really worried about that -- this is this is really worried about citizens paying I'd -- a high price for gasoline.
He's creating had stored -- they think -- and then cut Mezger rating as though it's not his.
All I I gotta -- -- -- -- question John is it deliberate spoken you've you've told about federal lands productive oil and gas down.
Commits to lease down a -- -- now is that.
A fundamental policy of the president he says.
I don't like oil I'm not gonna let you get -- -- the ground on federal -- is -- deliberate.
Absolutely it's deliberate he has a constituency.
That he wants to on the one hand say.
I'm with you.
And he takes all these federal actions to deny Americans access to US natural resources.
Then on the other hand he says think the American consumer all it's like -- tax we need to do something about it so he says let's spend two billion dollars.
Over ten years on alternatives to oil for transportation.
Which he did in Chicago on sat on Friday.
Stewart this guy is so much Malarkey when it comes to energy.
That I've just stopped listening to him because it's just not worth my time all right and he's abusing the American people in the process.
We have someone on our program -- -- -- -- this a loss that if we had our energy resource has unleashed just go get walks Alice we would have a real booming in the overall economy and in jobs you least spell it out forest is that possible.
I give a thirty minute speech on this subject this very subject Stewart which is the only stimulus this country needs.
His investment in energy.
Produce so much energy across the board all forms of energy including renewables if we had a plan and it would take private money not public money.
We could -- 7%.
Annual GDP growth Stewart if we would just unleash the forces within the industry backed by private capital creating millions of jobs but this president won't let it happen will -- appoint people who won't let it happen.
And it's like he doesn't want this economy to grow because he wants the dependency that some of your earlier you know as well programme was discussing -- -- As well as I do John you re used to run Shell Oil you know as well as I do that is -- you propose some -- fossil fuel project.
Then environmentalists will go to court on hold up about project for years and years and years it's quite deliberate they'll do it you know that's gonna happen.
Well during my tenure at shall we tried to enter Alaska.
And -- we spent billions of dollars.
Of hard earned money to purchase leases from the federal government.
That was seven almost eight years ago Stewart and the courts have held it up.
And the Interior Department has held it up and for all of these years those billions of dollars have essentially showed no return to shareholders.
That's really that that's where the government is holding back economic growth economic development the Alaska delegation wants this to happen.
And the federal government says no or the federal courts say no.
There's something really wrong in this economy with the leadership that we have today.
That the American people suffer this kind of economic setback when it could be completely opposite 7% growth Stewart.
We could have such an economic rebound.
And it would continue not for a year not for two years for decades because we have to rebuild the twentieth century and -- To create the 12% three and.
It is an -- we hey you and we like to hear about 7% growth combatants is again real soon -- off must've thank you so.
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