himself to be a strong leader. in which case obama could actually win re-election over this. but most likely what s going to happen is that first he will be pillaried for the high gas prices. he won t drill in alaska. he vetoed the keystone pipeline and isn t approving any offshore drilling permits. when the israeli thing erupts he will probably not side with israel. he will probably be weak and arab diplomacy. bill: let s get back to the oil. if he if the republic argument is going to be that won t drill in anwr and you stop the keystone and all of that. he can shred that argument and obama will shred it and basically say listen, you pinheads, we are producing more oil than we have ever produced in this many years. and it doesn t matter how much we produce because lou dobbs, bill o reilly and mr. dervna say what we produce here is
in which case obama could actually win re-election over this. but most likely what s going to happen is that first he will be pillaried for the high gas prices. he won t drill in alaska. he vetoed the keystone pipeline and isn t approving any offshore drilling permits. when the israeli thing erupts he will probably not side with israel. he will probably be weak and arab diplomacy. bill: let s get back to the oil. if he if the republic argument is going to be that won t drill in anwr and you stop the keystone and all of that. he can shred that argument and obama will shred it and basically say listen, you pinheads, we are producing more oil than we have ever produced in this many years. and it doesn t matter how much we produce because lou dobbs, bill o reilly and mr. dervna say what we produce here is being sent to china because
himself to be a strong leader. in which case obama could actually win re-election over this. but most likely what s going to happen is that first he will be pillaried for the high gas prices. he won t drill in alaska. he vetoed the keystone pipeline and isn t approving any offshore drilling permits. when the israeli thing erupts he will probably not side with israel. he will probably be weak and arab diplomacy. bill: let s get back to the oil. if he if the republic argument is going to be that won t drill in anwr and you stop the keystone and all of that. he can shred that argument and obama will shred it and basically say listen, you pinheads, we are producing more oil than we have ever produced in this many years. and it doesn t matter how much we produce because lou dobbs, bill o reilly and mr. dervna say what we produce here is
look at what s driving the day. president obama travels to connecticut today where he ll deliver the commencement address at the u.s. coast guard academy. it s the president s last graduation speech of the season. later he goes to boston for some fund-raisers. on the hill, the senate will hold a procedural vote to expedite offshore drilling permits. the bill would allow for the sale of drilling leases in the gulf of mexico and off the coast of virginia. however, the measure is not expected to guardiher garner th needed to pass. earnings reports of seven major retailers today including target and staples. a few other stories making headlines, missing american journalist dorothy parvis is free after being detained in syria and sent to iran. an american and canadian citizen is now in qatar, home of her employer, al jazeera english. she went missing while traveling to syria to cover those anti-government protests. arizona congresswoman gabrielle giffords takes a big step in her rec
worst oil spill in our history. so what we have done is to put in place common sense standards that we have approved more than 35 new offshore drilling permits. reporter: again, that s true, but the obama administration has only issued one permit for deepwater drilling since lifting its moratorium on the activity and that permit granted two weeks ago was to resume existing project. the three dozen permits that mr. obama referred to are almost all for shallow water drilling which experts say will only account for 10% of the future oil discoveries. senate democrat from the gulf region voiced her frustration of the policy to interior secretary at a hearing last week. what are you specifically pointing to get the permits increase so our people can get back to work? the president repeatedly said the u.s. controls over 2% of the world s oil but the industry analyst pointed to a report by the congressional research center that sites recoverable oil in the u.s. to say we control 17% of t