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Fortune Transcript: Barack Obama on the economy
Fortune via Yahoo ^ | 07/01/2008

Posted on 07/08/2008 8:09:37 PM PDT by advance_copy

Obama: I think that if we don't get a handle on our energy policy, it is possible that the kinds of trends we've seen over the last year will just continue.

Demand is clearly outstripping supply. It's not a problem I think we can drill our way out of. Consumers are obviously painfully having to adapt to rising gas prices, but it can be a drag on our economy for a very long time unless we take steps to innovate and invest in the research and development that's required to find alternative fuels, make our transportation system much more energy-efficient. Retool our industry and our buildings. And the market can accomplish a lot of that through some pretty wrenching retooling, but I think it's very important for the federal government to have a role in that process as well. So that's something that is immediate.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: democrats; economy; elections; energy; gasprices; obama; oil
"It's not a problem I think we can drill our way out of."

Hey, Barak Obama. Yes we can.
1 posted on 07/08/2008 8:09:38 PM PDT by advance_copy
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To: advance_copy

why can al obama say this

but president bush can’t?


2 posted on 07/08/2008 8:11:50 PM PDT by ken21 ( people die + you never hear from them again.)
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To: advance_copy
About 15 years ago, a friend worked at a locomotive plant. He was assigned a research project to run locomotives on hydrogen. The motors themselves worked fine, but the storage, distribution, and overall handling of the hydrogen was the a limiting factor.

Will we find a alternative energy method that allows the "recharge" or refueling and availability to be as ubiquitous as your local gas stations?

Hydrogen depot on every corner with different brands and competitive prices? LNG on every corner? It takes me maybe 5 minutes to refuel my car - will we see batteries that fully charge in 5 minutes? For every alternative discussed, think about the ease of recharging, or refueling, or whatever it takes to keep you moving, and will it be as common as our current gas stations?

Then, think about creating all of these "alternatives" AND the requisite recharging/refueling stations required. Then, compare the time it will take to get the variety of "alternatives" as common as today's gas stations.

The 5-10 year "drill here, drill now" seems far more reasonable after this analysis. A phased increase in gasoline efficiency and technology that reduces pollutants, petroleum is still cost-effective - IF we lift our self-imposed energy embargo.

3 posted on 07/08/2008 8:13:01 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: advance_copy

Alternate fuels are fine, but that’s 10, 20, 30 years away.

We need relief NOW or their ain’t gonna be a “10 years from now.”


4 posted on 07/08/2008 8:16:08 PM PDT by RockinRight (I just paid $63 for gas. An icefield in Alaska is NOT the Grand Canyon. F--- the caribou.)
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To: advance_copy

So, in Obamaspeak, the energy crisis will be a drag on our economy for a long time, unless private industry innovates, but government action can be immediate?

What is this drivel passing for economic analysis?


5 posted on 07/08/2008 8:16:18 PM PDT by keepitreal
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To: advance_copy

DRILL - EVEN IF IT MAKES ME ILL!!
DRILL NOW!!!
Lots of everyday folks are getting rich in North Dakota due to the drilling. And it’s providing jobs and boosting the economy. Contact you congress and let them know how you feel.
I dont care if it takes 10 years or we only save a couple of pennies. The sooner we become more independent, the better.

DRILL NOW!!


6 posted on 07/08/2008 8:16:50 PM PDT by mouse1
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To: advance_copy
Hokie Smokes! This guy has no plan for the short run and wants to rely on innovation to solve it. Where's the relief for the economy where oil is part of the input process? When I read what he is proposing, I get flashbacks of Jimmy Carter's lack of direction coupled with a Marxian view of how society should be. This is scary!

If you wants some real potential solutions, Barry, give this a watch and drop the do-nothing, no drilling attitude.

http://youtube.com:80/watch?v=UOpcPfAarjY

With a 9% approval rating, it's time for all you Bozos--Democrats and Republican alike--to pull that head out of your collective a$$ and open up everything to drilling...NOW.

7 posted on 07/08/2008 8:40:15 PM PDT by econjack (Some people are as dumb as soup.)
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To: mouse1

Oh gee!! All of those alternative energy ideas are going to take at least 10 years to develop anyhow. So lets just drill some more oil wells and wait on the alternative technology to get better developed before we can count on them.


8 posted on 07/08/2008 8:53:46 PM PDT by o_zarkman44 (No Bull in 08!)
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To: advance_copy
Barack the Democratic brain trust agrees with you. WE CAN'T DRILL OUR WAY OUT. They have been saying that now for over 35 years. Photobucket
9 posted on 07/08/2008 9:56:08 PM PDT by ncfool (Barack show us the birth certificate. Obama the Manchurian Candidate .)
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To: ncfool

Henry Waxman’s mug gives a new meaning to the word fug./Just Asking - seoul62........


10 posted on 07/08/2008 9:58:04 PM PDT by seoul62
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To: SERKIT

The truly astonishing part is we don’t NEED an alternative as we have 500 years or more of petroleum. This is just bizarre behavior and very few people are thinking rationally. The curreent situation is really frighteneing. When so many people can be totally fooled over something as patently and obviously snake oil as “Global Warming” and “Peak oil” we are ripe for being taken advantage of by a charlatan. I suppose the Obammesiah is coming just in time.


11 posted on 07/09/2008 2:28:20 AM PDT by wastoute
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