the same to declare a climate emergency. here we are. we don t know why the white house stopped short of making this emergency declaration on climate today with of course president biden standing in front of a once-fired coal powered plant being converted into an offshore wind manufacturing facility. there s speculation a tough time to roll out that announcement amid high gas prices and recession fears and since can it be used as a legal basis to drop oil and gas drills. congressional republicans say pain at the pump is the point. i think the administration does want us to suffer. the secretary of transportation said yesterday you don t like the cost of gasoline, buy an electric vehicle. so some announcements did come from the president s remarks plan to propose wind mills in the gulf of mexico and a record of amount of fema funding for infrastructure, neil. jackie, thanks for that. let s go to jeff block right now. he s in philadelphia. witnesses this for himself. the
lawmakers should not abandon the $1 trillion of offsets and $500 billion in deficit reduction from the previous frame work and enacting deficit redukes could help check debt and inflation, which is the most important thing congress can do to reduce the risks of recession. so neil, just because new spending is off the table, some definite it is hawks are saying let s not forget that deficit reduction should still be on the table. neil? neil: got it. big news out of the european continent had nothing to do with weather but having to do with conserving energy. particularly natural gas. they re urging all european union countries to cut back consumption by 15%, this is natural gas. got us thinking of just gas, period. like fuel for your cars during the opec embargoes and the gas cries of the 70s. remember odd and even days? why what is happening in europe
and there s concern more will follow as soon as next week. we re seeing the record breaking price of international gas, that does feed through to the market and we ve already seen full supply failures in recent weeks, partly as a consequence of that and partly, as with other features of our market, it s difficult to tell whether there will be any more. the rising cost is a worry for steelmakers, which need a lot of energy. another knock on effect is a shortage of carbon dioxide. it s a by product when fertiliser is produced, and two large uk plants which make it have closed. the owner of one large poultry group, which includes bernard matthews, called the carbon dioxide issue a massive body blow. it s used by meat producers, including in the packaging process. as the next two weeks unfold at this -as as the next two weeks unfold at this gas cries as the next two weeks unfold at this gas cries increase and the shutting down gas cries increase and the shutting down of gas cries incre
president of shell. in 2010 he predicted $5 gallon e in 2012 and he tried to warn the obama administration and was rebuffed totally. this has everything to do with the president s failure on the energy crisis that was impending. he knew it was coming and did nothing to help. santorum is right. i want santorum running against obama. he would not be happy with the dress she s wearing. the democratic party does want santorum. even the unions are running ads to promote santorum against romney because they know romney. i ve got news for chris. this is 1980 all over again. obama is morphing into jim knee carter every day. we had the iranian crisis under jimmy carter, the gas cries, the political crisis. the president s record on
president of shell. in 2010 he predicted $5 gallon e in 2012 and he tried to warn the obama administration and was rebuffed totally. this has everything to do with the president s failure on the energy crisis that was impending. he knew it was coming and did nothing to help. santorum is right. i want santorum running against obama. he would not be happy with the dress she s wearing. the democratic party does want santorum. even the unions are running ads to promote santorum against romney because they know romney. i ve got news for chris. this is 1980 all over again. obama is morphing into jim knee carter every day. we had the iranian crisis under jimmy carter, the gas cries, the political crisis. the president s record on