This is a rush transcript from "Your World With Neil Cavuto," February 11, 2010. This copy may not be in its final form and may be updated.
ERIC BOLLING, GUEST HOST: This is a Fox News alert. The snow keeps falling. You aren't looking at Washington or Chicago or Minnesota. Want to take a guess? That's Dallas, Texas — DFW Airport canceling hundreds of flights today, Dallas getting more than three inches of snow.
It's been a rough week for Al Gore and global warming alarmists everywhere, Washington dealing with the snowiest winter ever.
But here's some good news for the former vice president. If he visits D.C., he will have a free place to say — Republican Senator James Inhofe and his family building this new home for him. It's an igloo.
The senator joins me now.
Thank you, sir.
OK. So, you built an igloo. I thought it was global warming. I thought temperatures were going to rise and we were never going to be able to build an igloo. Maybe — by the way, you probably could build an igloo in Dallas, Texas, today.
SEN. JAMES INHOFE R-OKLA.: You know, Eric, it was my — my daughter and her family of six, they are stuck up here. And they couldn't get any flights out, because the airports were closed.
So, they went up to Third and Independence, right next to the Library of Congress, and built the most elaborate igloo. You can hold four people in there, and they put a sign on top saying "Al Gore's New Home."
Now, on the other side, where the traffic was coming, they put a sign that said, "Honk if you want global warming." And all of them were honking and thumbs up and all that stuff.
So, you got to have some fun.
BOLLING: You have to have a little fun. Do you have a coffee table inside that igloo? Because we have a book that we would like to send you. We had a book outside yesterday gathering a little bit of snow, "An Inconvenient Truth." Maybe we can put that on the coffee table.
What happened to that sign?
INHOFE: Well, not many — not many people are reading that anymore.
You know, every assertion that was made in that science fiction movie has been — has been refuted. But, you know, it was really funny, because some of the people that were calling my kids, I guess it was Olbermann and Rachel Maddow, the worst — the worst — the worst kids of the year, or the worst kids of the — whatever it is — anyway, some people just can't take a joke.
BOLLING: Can't take a joke, no doubt about that.
INHOFE: But it's still there.
BOLLING: Senator, do me a favor. Just bear with me a second.
I want to read a couple of quotes from an article I pulled this morning. It's 1974. It's a Time article, and it dealt with global cooling, an impending ice age coming.
Do we have that, guys? If we have those full-screens, I would like to show it. We got it? Here it comes. Here we go.
So: "Another Ice Age? The weather aberrations they are studying may be the harbinger of another Ice Age."
If I can get the next one real quick: "Telltale signs are everywhere, from the unexpected persistence and thickness of the pack ice in the waters around Iceland."
And one more: "Whatever the cause of the cooling trend, its effect could be extremely serious, if not catastrophic."
My point there, sir, was, and the reason why I asked them to make those full-screens is, 30 years ago, we worried about global cooling. Now we're worried about global warming. Is this not just the global cooling and warming over the course of 30-year periods?
INHOFE: Eric, you can go there and look at the cycles. There certainly have been four cycles since 1885.
And, by the way, the two — the cover of the Time magazine, I used on the Senate floor. I have a great big blowup. But, then right next to it, the same Time magazine, a year ago, had that last polar bear standing under the last ice cube, saying, global warming is coming, we're all going to die.
So, anyway, you know, God is still up there. We still have the cycles. And I think that is kind of — a little bit humorous, now that the alarmists are trying to change their terminology and say, oh, we have never been talking about warming. Now we're talking about climate change.
Oh, well. We will see.
BOLLING: Senator — Senator, we just — we just received a report that President Clinton is reportedly hospitalized in New York City. Have you heard that?
INHOFE: No, I have not heard that.
BOLLING: Just handed it to me, former President Clinton hospitalized, Columbia Presbyterian Hospital in New York City.
OK. We're working on confirmation of that.
Back to the global warming, now, you say they should have a little bit of humor with this, they should have some fun with us. But, when it comes down to it, a cap-and-trade bill would cost us dearly, would it not?
INHOFE: Eric, it would cost between $300 billion and $400 billion a year. In my state of Oklahoma, for each family that files a tax return, it would be about $3,000 a year.
But the thing is, you don't get anything for it. Even the administrator of the EPA said that, if we pass cap-and-trade here, it won't have any effect on the world's CO2 emissions, because China — our jobs just go places like China and India and Mexico, where they don't have any restrictions.
BOLLING: All right. We are going to have to leave it there, Senator.
INHOFE: So very expensive, and we're not going to do it.
BOLLING: Senator, I apologize. We are going to have to leave it there.