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Detailed text transcripts for TV channel - FOXNEWS - 20120326:22:32:00

ourselves on the path to a real sustainable energy future. the problem is most analysts say transition to alternative takes longer than drilling would. we have a capital stock of hundreds of millions of vehicles. the type of transformations take decades. maybe even 50 to 60 years. the president talks about drilling pew figures show he is issuing far fewer permits than the predecessor. at the end of the bush year, six to 7,000 permits a year were issued. under president obama the numbers dropped significantly to a range of 4,000 to 45,50 4,a year. since it can take seven to ten years for it to turn in to a producer well, that means less oil to come. some say we know a crunch is coming so we should drill more now. otherwise the result could be ugly. americans could find themselveses in gasoline lin

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