John W. Peterson

But if you want to make sure that the project costs three or four times what it should, then put the Corps of Engineers in charge, and you will accomplish it.

If there is, maybe there is a way we could legislatively do something to give you those authorities, because it just seems like a wasted opportunity and a waste of resources to not address it.

If the Democrats win this debate and we don't produce energy--if we use these old statements of 68 million acres and 80 something percent is leased, that is not factual; 2.5 percent of the Outer Continental Shelf is leased, the good spots…

They're drilling platforms, and it takes years to get there. So some of these are in process. A lot of them are old, tired leases where we're now drilling between wells. And the return, we're drilling three times as many wells as we used…

Well, it's interesting, we have the talking points of the Democrats that they have 68 million acres under lease; there are--some are saying 5,500 leases, some are saying 10,000 leases: That's enough, they're not producing. I had one of…

And those coal plants will all be natural gas plants which will further exacerbate the natural gas prices. Center for Biological Diversity: Oil and gas drilling on public lands has devastating effects and must be stopped. They're winning…

Well, we're so far behind the curve right now, we were talking to Minerals and Mines Management today. Many of our rigs went to Russia to drill because there's so much more activity there. The big owners go where the action is, and they're…

We keep hearing from over there that it was all ethanol. Ethanol was just a piece. It was 15 percent. The rest was normal oil and gas energy. But they had a plan. I think we ought to have a plan for North America. Stop and think about…

Well, it's a delight to join you. It's a historic day. Natural gas hit $13.28 a thousand cubic feet. That's almost double what it was last year at this time. What that means is Americans heating their 60 million homes this fall will pay…

The president of DOW Chemical said in a letter I received, he said, We have a debate going on in this country and one side wants production, the other side wants conservation and renewables. He said you're going to need them all. You'll…

Folks, if we're serious about cleaning up the Chesapeake Bay, we can get affordable energy for America by producing offshore. Every country in the world produces here. We're the only country that doesn't, and we can have $20 billion, which…

In fairness to those countries, they're producing more and more energy, and we have chosen not to produce very much of our own only in the whole entire fields. And yet we pass a bill so we think we can sue them because they're not…

Well, that is something they all have. And I think, in my view, we need to be watching very closely as we elect a President, do they have a bona fide energy policy for America.

If your foreign competitor is melting steel or making a product with $1.25 natural gas, you have a huge disadvantage, and that's what's actually happening.

Well, maybe 30 years ago when oil was $10 a barrel and natural was $2 a thousand, it was smart to use theirs. But when it's $129 a barrel and $11 for natural gas, I think it's time to produce our own. Americans do not need to be sending…

And if carbon capture and CO<INF>2</INF>, if you have those who believe that's such an evil force, that the CO<INF>2</INF> we breathe out is a poisonous gas, if we put carbon capture and CO<INF>2</INF> payments ahead of affordable…

Someone was talking the other day here on the floor that we're drilling twice as many wells and we don't need to drill more. Well, we're drilling in old, tired fields. We're drilling the cracks and crevices that we haven't drilled before…

One thing I want to mention, what has happened to these high energy prices? Dow Chemical paid $8 billion for natural gas in 2002, $22 billion in 2006, and they are now building plants all over the world because we can't afford America's…

I disagreed with the IAs. I look for gas to get bigger and coal to get smaller because of the CO2 issues. Now, let's say they're wrong here, because I'm sure lots of people will disagree with them. Let's say they're 100 percent wrong…

That's the electric map, and it shows, it's the same as this. But it does prove my point, that coal goes down and gas goes up; it gets bigger. But up here at the top, you have the same thing. There is almost no change because the growth in…

Yes. The cost for nuclear is $13.54, and there is a new nuclear. Coal, $20.80; natural gas, $49.51; and nonhydro, $68. Now, we need them all for the portfolio, but we have to have affordable, available energy or Americans won't have jobs…

They have a partnership with Cuba 50 miles from our Florida coast, and we can't drill within 150 miles of the Florida coast. No, we can't drill off the Florida coast at all. It's all closed at the moment. No, you are absolutely right. We…

That's absolutely correct. We produce about 83 percent of our own natural gas. We import a lot from Canada and about 2 percent of LNG, which is liquefied natural gas, from the same area as we get our oil from. Natural gas is not a world…

Yes. The issue should be, the number one issue in the Presidential debate, how do we secure adequate affordable energy for America to compete in the global economy? See, we have never had to compete before, but we have countries like China…