Also in this playlist...
This transcript is automatically generated
It sure is let's bring in senator -- -- -- now a Democrat from New Hampshire ahead of this president had about president Obama's speech today on energy.
Senator let me start with what you expect or would like to hear -- a wish list because it seems like we're gonna get a little bit of everything today from the president -- energy plan.
Well I think what we're gonna hear is that we've got to reduce our dependence on.
-- it's important to our national security and I think we need a balanced approach to energy so that means we're probably gonna have more domestic supply we're fortunate and that we've gotten.
Have vast new signs of natural gas.
That we also need to invest in -- new energy technologies to and we really need to focus on energy efficiency.
It's the cheapest fastest way to deal with our energy needs.
What about nuclear after what we've seen and we just talked about what's happening to Japan the president's been supportive.
Many people have -- by the by the way that's been a bipartisan issue where a lot of Democrats and Republicans -- -- been supportive ahead of what happened in Japan.
Of nuclear where do you stand on it.
Well you know we have in New Hampshire the last plant nuclear plant that was licensed in this country.
I mean we've been fortunate that we haven't had any accidents here in America since Three Mile Island.
And I think it's appropriate.
To look at all of our nuclear plants and make sure that they are safe.
And I think that nuclear energy will continue to be part of our energy mix it's important as we address I'm dealing with.
Climate and the environments.
So you're in favor of it as -- sitting you know we're having this discussion senator -- that we seem to always happen when we talk about energy.
When prices are awful lot mini oil price we just -- in a moment ago today throughout a 104 dollars a barrel.
But up a couple more dollars of that with the Libyan crisis in the Middle East crisis you've been a big voice in the senate.
Would you -- is as speculation you've come out and said we don't want to defund the CFTC the commodities futures trading commission now.
Need to fight these these Wall Street speculated she really believe that's what's that's the the soul force behind it that's -- driving up the price.
One no I didn't say it was the soul force.
But I think it's a contributor the fact is speculation now is higher than it was in 2000 and Nate.
And what I think we need to do -- see the commodities futures trading commission.
Do what we asked them to do last year and that is to set.
I -- limits on what.
Wall Street traders are doing to distort the market.
Right now supply and demand haven't really changed a whole lot actually.
-- stick demand is down a little bit so.
Why we're seeing -- speculation I think is something that we need to watch.
Airlines like my only question every time we have this discussion about the quote unquote speculation.
Speculation or investment in and any market whether it's oil or anything else is.
You know -- are you as opposed to it when prices are coming down I mean speculators can drive prices down to back in 08 when the economy collapsed.
Did hedge funds everybody on Wall Street they sold everything they had to liquidate all their positions prices came down.
We upset about that -- are now.
And look what we need to do is to monitor.
Speculation and make sure it doesn't get out of control it's it's one of the things that contributes to.
High prices and the oil and gas industry and so we need to look at that it's not the only thing and we need to also look at supply and demand and that's why it's important for the president today to talk about.
Howard and address our dependence on foreign oil and New Hampshire.
We have over 50% of our homes that are heated with oil so.
Prices are big issue for us and we need to provide alternatives.
For our energy use all right senator thank you will touchy against insanity Jeanne Shaheen.
Joining us from Capitol Hill.
Filter by section