going reduce oil prices, bind creasing taxes on the production of the domestic oil is just absurd. that is ridiculous. we can drill our way out of this. not forever, but, for now, we can. we have oil in the gulf of mexico, off the coast of the east and west coast in alaska, up in north dakota and all over the united states kelly: i don t want to interrupt you, i hear you loud and clear, i don t want to interrupt you but for the sake of time, i have to know, where is the middle ground between both of you as members of both sides of the aisle, where is the middle ground to alleviate the problems for the american people, in the near future? well, kelly i would say the middle ground is, you continue to look for new domestic sources and increased production but there s a lot of leases already out there and so you have to say, if you don t drill on the leases that you have, then, you know, you create some sort of president so the companies do that. rather than looking, necessarily, f
republicans are so opposed to getting rid of these tax breaks for the oil companies and the first quarter, the five of this year, the five biggest oil companies made billions of dollars in profits and don t need the tax subsidy and the fact of the matter is the tax subsidy doesn t lhelp keep prics down or do anything to increase production and let s take the money and use it for something else, so, in the long run, we are not dependent on middle east oil. kelly: we heard many of them talking on capitol hill, the five giants of the oil industry and, basically, senator rockefeller said, you guys are out of touch. congressman campbell, are they out of touch? well, the oil comes this is not a tax subsidy. it is an accounting method, i m a cpa and have a masters in taxation and it is all depletion, like appreciation en a business, an accounting method that has been around for decades but this is a diversion. for someone to think we are
he had a way with people. so who could come up with that, tim pawlenty could turn on that and kind of see some momentum in iowa right now. heather: huckabee mentioned pawlenty this morning. he is no doubt a pro-life fiscal conservative. also on fox news sunday, he is not prepared to throw support behind anybody quite yet. how important is his support? endorsements don t my that big. i think describes right. when it comes to the early states, the basic connection with the voters in the living room, in the diner and workplace. can you connect with that voter? a lot of these voters are social conservatives. in iowa, they dominate their caucuses in iowa. those kinds of candidates that can talk about those issues will do well.
increasing production, which is important, but, at the same time, go after the speculators and look for alternative energy sources and don t rely so much on oil and natural gas. the question is, will the congo along with this? and try to help them out and come to a consensus? i believe we should, and, hopefully, they ll stop the bickering and come up with a solution we can live with that will help energy prices, gas prices and the in the short-term as well as the long term. kelly: i hear you loud and clearly, earlier in the hour we had brenda buttner on and he said it is not about speculation but more about what is happening at the pump in terms of supply and demand, senator jon kyl is a republican from arizona and he states the republican legislation requires the president to extend oil drilling leases, and, claims the democratic legislation will not reduce gas prices by one dime, do you agree with that?
announcing he is ruling out a presidential bid and he was considered a g.o.p. front-runner, and the exit, now widening and all ready open republican field and caroline shivley is live in washington, with more. hi, caroline. reporter: hi to you, heather. huckabee out of the running means social conservatives are looking fire new candidate to back and has a number of g.o.p.ers scrambling to be the guy. reporter: he spoke to fox news sunday today and sewed, quote i think there are a number of people who probably maybe jumped for joy last night and i don t know but i think there are a number of people who are similar to me in terms of point of view and who are those who he thinks is similar? today he said, rick santorum and tim pawlenty, newt gingrich, michelle bach mann and sarah palin have strong issues like life and traditional marriage and fiscal conservatism and his backers will find a lot to like in them and he joins john thune