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Transcripts For CNNW CNN Newsroom 20111231

for something called gasgasohol. it then became known as ethanol and we renewed it. big oil tried to kill it and chuck grassley said i was the one person that saved ethanol from big oil. why do i believe in ethanol? pretty simple. if i have to choose between the next billion dollars going to saudi arabia or south dakota, i pick south dakota. if i have to pick between iran and iowa, i pick iowa. and the fact is, if we could make sure we retain the renewable fuel standards, go to e-15 as a blend and move towards flex vehicles and flex stations we re better off. brazilians have flex vehicles. auto companies say it s hard to do, every one of them do it in brazil. brazilians are independent of the middle east in their energy supplies. we can do this. we can get it done and it s important we do so. let me give you two quick examples of how totally wrong barack obama is on energy. as opposed to drilling offshore he put a moratorium in the gulf and he goes to brazil and he tells the

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