position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i don t think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean and also one that will reduce our dependence on foreign oil. i think folks want us to have an energy strategy, going forward. greta: toawhat extent can policy control the price of gas? have you some events, like a war in iran, do you anticipate that would drive prices? and are there other external forces that you worry about? oh, sure. that s why, when we focus on the iranian regime, we have to be
statutory authority right now on position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i don t think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean and also one that will reduce our dependence on foreign oil. i think folks want us to have an energy strategy, going forward. greta: toawhat extent can policy control the price of gas? have you some events, like a war in iran, do you anticipate that would drive prices? and are there other external forces that you worry about? oh, sure. that s why, when we focus on the
matter how much supply we have. the price is going up because of the increased demand from china but, if we have more supply, that price is going to go up less. that is the bottom line and that is all that oil speculators tell you. another full screen i want you to look at. the number of people eligible for food stamps in this country and it is a dramatic turn. you can see you we have from the food stamp eligibility, $32 million on his inauguration day to $46 million, an increase of over 45%. newt gingrich called him the food stamp president. is that too harsh? we should point out the spike in food stamps, started under the bush administration and he inherited the problems and clearly he inherited a bad economic atmosphere but a rational case can be made he made it worse and part of the reason is, right now, when you talk about higher commodity prices, working class people, the fact is, the stimulus plan
matter how much supply we have. the price is going up because of the increased demand from china but, if we have more supply, that price is going to go up less. that is the bottom line and that is all that oil speculators tell you. another full screen i want you to look at. the number of people eligible for food stamps in this country and it is a dramatic turn. you can see you we have from the food stamp eligibility, $32 million on his inauguration day to $46 million, an increase of over 45%. newt gingrich called him the food stamp president. is that too harsh? we should point out the spike in food stamps, started under the bush administration and he inherited the problems and clearly he inherited a bad economic atmosphere but a rational case can be made he made it worse and part of the reason is, right now, when you talk about higher commodity prices, working class people, the fact is, the stimulus plan
and we ll get there without his help, at this point. right. right. i think the president is really weak on this issue, because he keeps saying that it doesn t matter how much supply we have. the price is going up because of the increased demand from china but, if we have more supply, that price is going to go up less. that is the bottom line and that is all that oil speculators tell you. another full screen i want you to look at. the number of people eligible for food stamps in this country and it is a dramatic turn. you can see you we have from the food stamp eligibility, $32 million on his inauguration day to $46 million, an increase of over 45%. newt gingrich called him the food stamp president. is that too harsh? we should point out the spike in food stamps, started under the bush administration and he inherited the problems and clearly he inherited a bad economic atmosphere but a rational case can be made he made it worse and part of the