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way, but Evan and Jon have left me in the dust when it
featured two days after the election. He's got a new book
start out?
future.
able to achieve, as the President has set out his goal and
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 7
MARCH 24, 2009 – WASHINGTON, DC
our economy when our nation can least afford it. They
Energy demand has dropped and oil prices are less than
half of what they were just a few months ago. We've seen
urgently need.
country.
recession.
the above' energy plan that will help us meet our domestic
withdraw areas offered for oil and gas leases in Utah and
security situation.
either party has been very right on this issue, and I say
barrel to $150.
reviews we've looking at, that it's the oil shock has --
job was to help this President find the right path and the
that are far away, that money doesn't stay in our economy,
end.
[LAUGHTER]
from the same -- and we hear from them the same complaints
drill. Last week you may have seen that the media
are actively going after our own resources, and anyone who
the portions off the Gulf of Mexico that are ready and
waiting right now for someone to come and lease them than
combined.
people's resources.
and gas they sell, we have to make sure that the federal
those of you tweeting today, the Hash tag for this event
out?
think that is the natural flow. When prices are low, the
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 21
MARCH 24, 2009 – WASHINGTON, DC
-- but I'm not sure that you could make a statement that
resources.
barrel, and I think it's down to $54 today, but OPEC has
than what was found after there are leases that are given.
then a long line of tax breaks for the oil and gas
the unbalanced playing field that favored oil and gas and
punch that hole that costs 100 million and find nothing
to develop.
its oil and gas supplies and our resources, in the world
India.
THOMAS: Senator?
good at other times, for the oil and gas industry, and
know did not give the taxpayer the rate of return that
be.
the above," we also have to add moving away from just gas-
dollar at the pump and the next day it's $4, or business
THOMAS: Chairman?
rather, there will be more oil and gas drilling under this
reforms on the way that it's been done in the past. But
least allowing some new drilling areas that were not open
that we've come a long way from the Valdez spill or the
them the revenues but on their own for their own industry,
two?
would cause ... that are already on their knees across the
emissions.
then you've done something there, and that bodes well for
latter, Jonathan.
war. It's not that long ago that oil -- that gasoline
prices were $4. People are very scared that gasoline may
urgent, and people will say, well, you just don't realize
then that may have some skepticism on this. But there was
resources.
respond accordingly.
way?
have.
a --?
something.
cap-and-dividend.
the oil and gas sector, people talk about, well, gee, what
technology, et cetera.
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 46
MARCH 24, 2009 – WASHINGTON, DC
THOMAS: Senator?
rather quickly.
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 47
MARCH 24, 2009 – WASHINGTON, DC
but safe and smart way, and I think broadly across the
the second one she talked about and that's the waste
stream.
footprint.
desirable.
to pursue.
available.
reserves, and also how the American people can get their -
have smart lease sales -- not just any old lease sales --
transport it.
into getting oil and gas from 10,000 feet below the
has the benefit for not just those communities but for the
THOMAS: [INAUDIBLE]
what both have said here, both of which I agree with, and
well-paying jobs.
the E&P side, they upstream the oil and gas industry, the
we tax and take away the very resource we need to put back
revenue longer-term.
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 55
MARCH 24, 2009 – WASHINGTON, DC
reduction?
and solar.
THOMAS: Jon?
don't politically.
the most carbon. Now you said that from industry. Let me
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 59
MARCH 24, 2009 – WASHINGTON, DC
our country?
fuel, then you'll have less carbon going into -- into the
atmosphere.
certainly agree with all that's been said, but you know,
they shut down the one plant that was doing something.
: Future ...
[CROSSTALK]
: Yeah.
on, say, you know the climate change deniers. They're not
perspectives.
that one?
transportation-related.
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 64
MARCH 24, 2009 – WASHINGTON, DC
people out of their cars, but at the same time, that means
less travel and less money going into that Highway Trust
RAHALL(?): True.
our dams and waterways, and if you think about the trucks
the sprawl.
THOMAS: Congressman?
you, you know you -- you can't -- you can't do the crops,
NEWSWEEK EXECUTIVE FORUM ON ENERGY POLICY 67
MARCH 24, 2009 – WASHINGTON, DC
darn large.
obvious, to make all this work we're going to need oil and
[LAUGHTER]
ways(?).
[APPLAUSE]
[END OF SESSION]