'Energy Independence Day'

" On this topic very similar topical going over and Newt Gingrich urging all Americans today to make this fourth of July a day. The drill nothing congress will not forget. He's declaring tomorrow energy Independence Day and is urging anyone who wants to see lower prices at the pump to sign -- online petition. Forcing lawmakers to drill now. The former speaker of the house is on the telephone right now -- he's currently chairman. Of American solutions mister speaker speaker and to -- to have to well thank you for joining us first and foremost."

" I'm I'm delighted do have a chance to be reviewed and in all our listeners and viewers have set themselves the question given the -- he's just got a if China's going to continue to grow and it is that it is going to continue to grow with that he is. If all the secondary countries in the Third World is going to grow and hopefully they are because we want prosperity everywhere. And the demand is going to go up with the demand is going to go up. Unless you have a substantial increase in supply. Prices are going to continue to skyrocket. Now where did you get an increase in supply well. It's currently illegal to look in the Atlantic Ocean off the US. It is illegal to look in the eastern Gulf of Mexico and US. It is illegal to look in the rocky mountains where we believe that there's three times as much oil in the shale oil -- in all of us Saudi Arabia. And it's illegal to look in the Pacific and it's illegal to look at northern alliance and now. If this -- if you nationalized. All of the most likely areas for energy. And then you have failed as department that he has failed to develop clean coal technology. If the congress has failed to pass a long term tax credits for solar are. And it there's been no provision for tax breaks for companies to go to flex fuel cars. You know we've had an energy strategy energy strategy is to make the American people they radically more if you buy smaller -- smaller cars are used motor bikes or ride mass transit there's been a deliberate strategy. And the congress has to change discredit decide that it's okay to drill here drill -- a -- that's that's only part of a comprehensive strategy. But it's a significant step in the right direction and by the way. Marty Feldstein who was the chairman of president Reagan's Council of Economic Advisers. Has written an article recently pointing out that the -- that the US announces it's gonna start looking for more oil is probable the price we'll start to them down. Because there's a lot of expectation built into the price."

" I'm sure a lot of people like to hear that you know I want to take a listen to Harry Reid who there's -- makes us sick let's listen to this together that we can comment on mister speaker."

" Oil makes -- sick if global warming the ruling aren't country that's ruling the world you've got to stop using fossil fuel."

" And that. -- those are I was I was system Las Vegas Las Vegas this city which does not exist without tourism and Harry -- policies destroying the airlines. Las Vegas this city which is not exist without air conditioning and Harry reached policies and drive the price of electricity -- Las Vegas does not exist that the automobile. -- reached policy is going to bankrupt Las Vegas and at some point people mountain Nevada have certain we can say. What if you can imagine vehicle tomorrow morning running on hydrogen we're -- You know yeah you don't don't bankrupt this."

" You a big left over one point two million Americans have actually signed the drill here drill now pay less. Petition. Many of which are senators representatives congressmen. As well I want to ask you mister speaker speaker Nancy Pelosi just said today that we cannot drill our way. Two independents what is your reaction to that."

" Assist -- actually files the Brazilians just went from ten billion barrels of proven reserves. In ninety billion barrels of proven reserve -- 900%. Increase because they actually allow it will look in the Atlantic but this town to reservoirs that are huge. The US geologic survey just increase their estimate of the amount of gas and oil and western about North Dakota and eastern Montana. Like 2500%. The Hungarian just increased. Estimate of the amount of gas and wanted to get natural gas fields by 400%. With modern technology and new opportunities. I believe that in the in the short run it would disrupt honest 125 years in this is a transition problem. They're 240. Million cars and trucks in the US. They used gasoline diesel. May use ethanol and usually only get cut back as a nation. I think -- how I think in my goal of media have a have lower cost energy. I have a transition to better technology to produce better results and historically. You know we're not accept it which is there has believe that we ought to punish the American people to get into the future."

" How long wanted to take and quickly just quickly -- would it take if we start feeling to actually have our prices drop and have the barrels pumped out."

" Included with that selling opera about a third of strategic petroleum reserve at two million barrels a day I guess that you could bring prices down this summer. Beginning point and if people thought you were curious that you -- prices continued to them."

" All right mr. speaker thank you so much for joining us appreciate your time."