CNN Late Edition 2008, with Wolf Blitzer: on Energy & Oil


Bill Richardson: About time we got Saudis to increase production

Q: What do you think about Saudi Arabia saying theyíre about to dramatically increase production of oil?

A: Well, itís about time. You know, the Bush administration has waited eight years to pressure OPEC and their great friends, the Saudis. When Pres. Bush came in, he said he was going to [persuade] OPEC to increase production. Well, itís finally happened. Itís going to help a little bit. But what is needed is a comprehensive strategy of fuel efficiency, 50-mpg vehicles, and mass transit.

Q: But Governor, in the short term, if the Saudis do increase their oil production, that will increase supply and will have an impact on the price per barrel, which right now what is about $135 a barrel.

A: Well you know, it will go down a little bit. It wonít be significant and that is welcome. But you know, at the same time, the head of the Russian natural gas agency Gazprom is predicting that oil will go to $250 per barrel within a year. So youíve got these conflicting views.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Bill Richardson: Windfall profit tax to shift obscene profits from Exxon

Q: Senator McCain says that the windfall profits tax on big oil, it didnít work in the 1970s when Jimmy Carter tried it and itís not going to work this time.

A: Well, I think thatís a false premise, what was advocated in the Bush administration was giv special preferences to oil, coal and nuclear. [We should] shift those enormous tax breaks for oil companies that are making billions and shift them over to solar, to wind, to green technology. So itís not taxes, itís basically shifting the burden and hav a level playing field.

Q: But do you support a windfall profits tax on Exxon Mobil, Chevron, the other big oil companies?

A: Yes, yes to shift them to solar and wind. They got this tax break five years ago in the energy bill that they didnít deserve. $20 billion for Exxon in one or two months in terms of profits. I mean, that is obscene. That money should go to refineries. That money should go to research into renewable energy. It should go into drilling here in the United States.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Bill Richardson: New oil refineries and nuclear plants ok, if done right

Q: Do you oppose expanding refineries?

A: No, but it should be done in an environmentally-sensitive way. So the answer is no.

Q: But where would you do it?

A: Well, with proper environmental permitting, Louisiana, Texas, many other places. But also on nuclear power, weíve got to deal with the problem of waste from nuclear waste. But it doesnít omit greenhouse gas emission. They should be an option. So should carbon clean coal technology, carbon sequestration, natural gas. There are many options. But the only options that the Bush administration & John McCain seem to have is drill, drill, drill, fossil fuels.

Q: What about nuclear power? To ease the pressure on importing oil?

A: If they abide by environmental standards and if we have a solution to the problem of waste. In Nevada, they donít want to take that waste. We canít do it in regional sites. We need to develop a technologically safe way to store this waste. But we should proceed with nuclear power as an option.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Robert Reich: $4 gas hurts, but we need long-term solution

Q: Whatís your reaction of the Saudiís decision to increase oil production?

A: Well, itís great but itís not going to solve the long-term problem because demand is outstripping supply when it comes to oil. Demand from developing countries, demand from developed countries and thereís a limited supply of oil. This is the whole point--to move the nation as rapidly as possible to wind and solar and other alternatives, renewable sources of energy, that are also not going to harm the environment.

Q: But thatís going to take a long time for all of those other sources of energy to really have an impact. People are suffering right now, $4 a gallon.

A: It is going to take some time, but even the Energy Department says that if we had more drilling here in the US, it wouldnít be until 2030 that you real saw the results.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Tim Pawlenty: Increase supply; diversify sources; drill ANWR

Q: What do you think about the Saudis increased oil production?

A: Well, itís relatively good news. We have a supply and demand problem, so the more supply we can get into the market, the better. But we also need to realize we canít just continue to rely on that approach for our future.

Q: But what about the addiction to imported oil?

A: Well, we have to diversify and Americanize our energy supply. Pres. Bush made the case for going ahead and drilling in ANWR. Listen to the president.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Tim Pawlenty: The more oil supply, the better

Q: What is your reaction to the Saudis deciding to increase oil production?

A: Well, itís relatively good news. We have a supply and demand problem, so the more supply we can get into the market, the better. But we also need to realize we canít just continue to rely on that approach for our future.

Q: But what do you do about the addiction to imported oil?

A: Well, we have to diversify and Americanize our energy supply. But we need to do it in a way thatís environmentally sensitive and friendly

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jun 22, 2008

Hillary Clinton: Get tough with energy speculators and with OPEC cartel

Q: Youíve said you want to get tough with OPEC. But what does it mean when you have members of OPEC like Ahmadinejad of Iran or Hugo Chavez of Venezuela? How do you plan on getting tough with them?

A: Well, I actually have a four-part program that I would put into effect were I president today to deal with these rising gas prices. I would go after the energy traders and speculators. I would close the ďEnron loophole.Ē I voted to quit filling up the Strategic Petroleum Reserve. I have advocated a gas tax holiday that is paid for, out of the record profits of the oil companies. And itís an enormous burden on people who drive any considerable distance.

Q: But what kind of leverage do you have on OPEC?

A: Nine countries that are members of OPEC are members of the WTO, where they have agreed to certain rules that I believe OPEC by definition violates. Also, we have never used antitrust laws in our country to really go at the heart of what is a monopoly cartel.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer May 18, 2008

Hillary Clinton: Gas tax holiday, paid for by windfall oil tax

Q: Youíve proposed to have a holiday on the gas tax. And you would pay for it by having a windfall profit tax on ExxonMobil and some of the other big oil companies. Are you not going to believe in what economists say, since none endorsed this proposal?

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer May 18, 2008

Mitt Romney: Opposes McCain-Lieberman bill due to $0.50/gal. gas tax

One of the things I find extraordinary is that Sen. McCain pushes this bill known as McCain-Lieberman. It is effectively a tax on all energy in this country. It would raise gasoline prices by about 50 cents a gallon, and that is according to the Energy Information Agency. He would raise electric rates by some 20%, put a huge burden on us.

And it basically would slow down our economy without helping the environment at all, because major users of energy would take their production to countries like China that wouldnít sign the deal.

It is basically saying the cost of global warming would all be borne by American rate-payers and consumers. He just doesnít understand how the economy works.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jan 27, 2008

Mitt Romney: Need worldwide global warming solutions; not CAFE or US tax

Q: What about the domestic auto industry?

A: Look at Washington. They gave it CAFE standards, which hurt. Some Senators are talking about a new form of tax on energy in this country, which would make it even harder on the domestic companies.

Q: Well, their point is that you have got to do something about global warming. Isnít that your understanding?

A: Oh, sure. And thereís nothing wrong with dealing with global warming. But there is a big difference between talking about global warming, which requires global solutions, and the idea of America warming. No one talks about America warming. If weíre going to have solutions that deal, for instance, with a cap in trade program or a BTU tax or anything of that nature, it has to be global in its sweep. But Sen. McCainís proposition is that we do this as America only. A unilateral effort would only cause higher costs here, and give the advantage to nations that already have a substantial cost advantage.

Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer Jan 13, 2008

  • The above quotations are from CNN "Late Edition" with Wolf Blitzer
    Interviews of presidential candidates, throughout 2008.
  • Click here for definitions & background information on Energy & Oil.
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  • Click here for more quotes by Mike Huckabee on Energy & Oil.
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Candidates and political leaders on Energy & Oil:
Incoming Obama Administration:
Pres.:Sen.Barack Obama
V.P.:Sen.Joe Biden
State:Hillary Clinton
Staff:Rahm Emanuel
Treas.:Tim Geithner
DoD:Robert Gates
A.G.:Eric Holder
DHS:Janet Napolitano
DoC:Bill Richardson
Outgoing Bush Administration:
Pres.:George Bush
V.P.:Dick Cheney
A.G.:John Ashcroft(2005)
DEA:Asa Hutchinson(2005)
USDA:Mike Johanns(2007)
EPA:Mike Leavitt
HUD:Mel Martinez(2003)
State:Colin Powell(2005)
State:Condoleezza Rice
HHS:Tommy Thompson(2005)
2008 Presidential contenders:
AIP: Frank McEnulty
Constitution: Chuck Baldwin
GOP: Sen.John McCain
GOP VP: Gov.Sarah Palin
Green: Rep.Cynthia McKinney
Independent: Ralph Nader
Liberation: Gloria La Riva
Libertarian: Rep.Bob Barr
NAIP: Amb.Alan Keyes
Socialist: Brian Moore
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