tv Presidents Weekly Radio Address CSPAN June 4, 2011 6:15pm-6:30pm EDT
could respond to -- the gentleman could respond to the mms report. there was a correlation between reduction in the gulf and i ncrease in price. >> i have read a lot of very knowledgeable commentators say it is a world market and a relatively minor slow down in permitting has virtually no impact on prices. there have been no cessation or delays in production. production has continued all along. there was never a moratorium on production. >> historically speaking, you actually see a spike in the price of oil, whether driven by speculators or the market, even when there is a hurricane delaying production in the gulf over a couple of days. how can you rationally say that a long-term slowdown in the
permit process will not affect the price of oil? >> without saying whether it was causing all rise in the price know, my understanding of world market conditions is that production has continued apace, but the project -- the projections for declining production are for the future. therefore, i thought this question was about the present. i do not think it is having an effect at present. >> really quickly. there have been reports, record oil production in 2010, domestic production. do you think the record will continue through 2012, as we start to see the results of some of these changes in policy? >> the eia does predict a decline in 2011-2012. i do not have a crystal ball. >> the decrease the production
would result and an increase and the price of oil per request that presumes we only have a domestic market, which we do not. >> i thank the gent leman. will the gentleman yield? since that study is said there would be a rise based on a lesser reduction that occurred, that was delivered under our discover request from your organization. you give it to us. hopefully, you'll take it back, look of the information we received pursuant to our request from you and figure out whether or not you should have seen that document before your agency allowed it to come here. >> i did not review of every document you asked for and received three >> i understand para >> since this one said just the opposite of what mr. hayes said and what you said, it is a
good one for you to review. if you can comment back onto whether it is accurate. we have been joined again by the dublin from virginia, mr. connolly, -- joined again by the gentleman from virginia, mr. connolly. >> mr. bromwich, during the first panel, simply enforcing existing rules would prevent future oil spills. when the national commission issued its report, did it say that simply enforcing existing regulations would be sufficient? >> no. >> what did it say? >> it pointed to a series of the injured and causes to the oil spill, a variety of human error committed by personnel from bp, transocean, halliburton, etc.
it specifically said that enforcing existing regulations would not have prevented the oil spill. >> are there improvements in the regulatory framework and enforcement that could be helpful? >> yes. we have taken many of those steps. our drilling safety role that is addressed to well-designed, well casing and blowout preventers a substantially reduces the risk of another spell like depp -- spill like deepwater horizon. we will never be able to reduce it to zero, we will law. but we have been able to reduce overtime. the regulatory process needs to keep up. i felt -- i hope we can further reduce the process. >> one of the arguments made by governor barber and others is that we have 31,000 oil rigs, the safety rate is fine.
one bad apple should not cause us to turn everything on its head. my point to the governor was, but one what of this magnitude -- >> we learned today that lawrence eagleburger former secretary state has died. >> once too many, given the severity and magnitude of the disaster. what is the view of the administration with respect to taking our chances of a blowout. >> we do not want to roll the dice again. the risk will never be reduced to zero, but we think we can do and already have done many common sense things to reduce that . >> monday on c-span, are road to the white house coverage continues. >> this is not unprecedented in the sense of loss of well
controlled and nearly led to blow up. this is the only actual blow up your the president's commission found there were 79 instances of loss of well control between 2006. >> the idea this is a unique event -- and something like that is misleading. >> it was unique in terms of the fact that the well totally blew, but in terms of the problems that arise in deep water, with high pressures, no. it is not so far of the norm. >> one of the things the obama administration did that some might view as prudent after such high magnitude accident was a temporary moratorium on an
additional permitting until we had our arms around the causes and prevention. in and reading some signs, we see -- one would have the impression that moratorium has led to a plummet in domestic production. >> no. production was never stop or delay occurred >> domestic oil production is higher than that of the bush administration. >> as of the end of 2010, that is exactly right. >> permits to drill increase in the obama administration versus the bush administration. production on the outer continental shelf also increased? >> it has pared >> thank you very much. >> we have avote call on the
floor. i want to thank all the witnesses for your generosity and time. the record will remain open for an additional week to allow you to add additional information. with that, we stand adjourned. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011]
>> we learned today that lawrence eagleburger, former secretary of state, has died. mr. eagleburger rows of the ranks of the u.s. foreign service and state department, becoming a top aide to henry kissinger during the nixon and ford administration. he was ambassador to yugoslavia for jimmy carter and served as secretary of state during the george h.w. bush administration. the cause of death was pneumonia. he was 80 years old. in this week's youtube address, president obama discusses the state of the u.s. auto industry and its relation to the rest of the economy, including unemployment and the federal deficit. republican senator lamar alexander of tennessee delivers the republican response. talks about the role of unions,
including auto industry, and praises the policies of so- called right to work states. this is 10 minutes. >> hello, everyone. i'm speaking to you today from a chrysler plant in toledo, ohio, where i just met with workers, including jill. jill was born and raised here. her mother and step-father retired from this plant. and she met her husband here, and now they have two children of their own. this plant has not only been central to the economy of this town. it's been a part of the lifeblood of this community. the reason i came to toledo was to congratulate jill and her co-workers on the turnaround they helped bring about at chrysler and throughout the auto industry. today, each of the big three automakers -- chrysler, gm, and ford -- is turning a profit for the first time since 2004. chrysler has repaid every dime and more of what it owes american taxpayers for their support during my presidency --
and it repaid that money six years ahead of schedule. and this week, we reached a deal to sell our remaining stake that means soon, chrysler will be 100% in private hands. most importantly, all three american automakers are now adding shifts and creating jobs at the strongest rate since the 1990's chrysler has added a second shift at the jefferson north plant in detroit that i visited last year. gm is adding a third shift at its hamtramck plant for the first time ever and gm plans to hire back all of the workers they had to lay off during the recession. that's remarkable when you think about where we were just a couple of years ago. when i took office, we were facing the worst recession since the great depression -- a recession that hit our auto industry particularly hard. in the year before i was president, this industry lost more than 400,000 jobs, and two great american companies, chrysler and gm, stood on the
brink of collapse. now, we had a few options. we could have done what a lot of folks in washington thought we should do -- nothing. but that would have made a bad recession worse and put a million people out of work. i refused to let that happen. so, i said, if gm and chrysler were willing to take the difficult steps of restructuring and making themselves more competitive, the american people would stand by them -- and we did. but we decided to do more than rescue this industry from a crisis. we decided to help it retool for a new age, and that's what we're doing all across the country -- we're making sure america can out-build, out- innovate, and out-compete the rest of the world. that's how we'll build an economy where you can see your incomes and savings rise again, send your kids to college, and retire with dignity, security, and respect. that's how we'll make sure we keep that fundamental american promise -- that if you work hard and act responsibly, you'll be able to pass on a better life to your kids and grandkids.
now, we've got a ways to go. even though our economy has created more than two million private sector jobs over the past 15 months and continues to grow, we're facing some tough headwinds. lately, it's high gas prices, the earthquake in japan, and unease about the european fiscal situation. that will happen from time to time. there will be bumps on the road to recovery. we know that. but we also know what's happened here, at this chrysler plant. we know that hardworking americans like jill helped turn this company and this industry around. that's the american story. we're a people who don't give up -- who do big things, who shape our own destiny. and i'm absolutely confident that if we hold on to that spirit, our best days are still ahead of us. thanks for tuning in, and have a great weekend. >> i'm lamar alexander, united states senator from tennessee. i'd like to talk with you for a
few minutes about making it easier and cheaper to create private sector jobs here in america. we can start by helping companies make in the united states what they sell in the united states, but unfortunately recent actions by the administration are making that hard to accomplish. last month the national labor relations board moved to stop america's largest exporter, the boeing company, from building airplanes at a non-union plant in south carolina, suggesting that a unionized american company can't expand its operations into one of the 22 states with right-to-work laws, which protect a worker's right to join or not to join a union. but instead of making a speech, let me tell you a story. the story is about a white house state dinner in february 1979, when i was governor of tennessee. president carter said to us, "governors, go to japan. persuade them to make here what they sell here." so, off
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