crisis and now you see this president hostage to what the nuclear program in iran, and it s making the markets very skittish. the demand now is for global oil, it s a million more barrels a day, 89 million barrels a day of being consumed, and because china is a great new oil consumer the united states is struggling with our oil policy right now. jenna: one of the reasons we wanted to talk to you is we certainly are talking a lot about gas prices but we were wondering, driving gas prices is something of modern times, it s not something that necessarily goes back a hundred years for obvious reasons. i was curious in your studies if you see something similar to gas prices as a indicator of approval or disapproval ratings. when you look back over the history of presidential elections are gas prices an anomaly or is there something similar we can look to in the past. the gas prices are an indicator to how the economy is
heather: taking a look at headlines, jetliner making an emergency landing. returning to the phoenix certify skie harbor airport just minutes after taking off. the flight carrying 145 passengers was headed to chicago. no one was hurt. billy graham out of the hospital and back at his home. 92-year-old was diagnosed with pneumonia. his response to treatment has been excellent. and scientists they are trying to determine what caused this large and mysterious hole in front of a house in new jersey. they have ruled out the cause being a large meet right. kelly: under pressure from high gasoline prices, president obama is making a big shift on his oil policy to call for more
under pressure from high gasoline prices and the call for relief at the pump, a bit of a shift for president obama tonight on his oil policy. the president now saying there should be more oil drilling at whom, specifically in alaska and the gulf. he talked about this in his weekly address earlier. expanded oil production is needed to bring down spiking gas prices. a move republicans have been pushing for a while. peter doocy has more from washington. it s time to go drill in the last frontier. that s what president obama said today as he rolled out his energy policy for the future which has some republicans scratching heir heads, they say they have been asking for some aspects of it for a while. the first aspect is to make attorney general eric holder to root out any and all fraud that might be driving prices up. then, he wants to start drilling more here at home as long as it stays safe and green. next up the president thinks we should extend drilling leases affected by the moratori
are you know, they re an unpopular group. so it s easy to attack them. my point is this. maybe we should take away those benefits, and they ought to be taken away across the board from everybody and not just them. i personally don t think you should. as you listened to those in the oil business, each one said they ve been putting more money in the ground than they actually made and gradually, they re trying to find more and more oil and they re being stopped in this country, especially in alaska, offshore and utah, colorado and why ohming there s 1.circumstanc 1.circumstance 1$1.6 trillio of recoverable oil and being stopped by this administration that doesn t have any oil policy at all. the big issue, you would think the reason they called that hearing was to try to get more oil. the fact of the matter is that there they re trying to bring
don t want the money back in the treasure treasury, that s the disingenuous part of it. nothing to do with oil policy or economics, how can i fund my pet projects and demonize. and you all get your pants in a knot over tax breaks, lord have mercy, let s start with the home mortgage interest deduction. that s what we re talking about. and talking about, dagen. and get rid of them all. and this whole view for (laughter) . . clayton: scarce me, dagen. and all right. what do you make of that, you know, they re never going to do this sort of stuff because that i don t believe that they re really tax breaks and i don t believe in the theory that all money that corporations earn belongs to the government and if the corporations keep any of it, that s a tax break. that money belongs to the stock holders. corporation. there have been, many, many, many, take aways, you can t imagine how many tax breaks