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  • June 30, 2008 10:50 AM EDT by Alexis Glick

    Energy and the White House

    Governor Ed Rendell of Pennsylvania, an ardent Clinton supporter and more recently Obama supporter, joined me this morning on Money for Breakfast to discuss his plans for solving the short-term energy crisis and whether he would be interested in a Cabinet position were Obama to get elected this fall.

    First, he says consumers need to change their habits and he's instituting strategies to help get them there. Secondly, he soft pedals on a Cabinet post, and says he'll remain on as governor until his term expires in 2011 -- but when I pushed him, he agreed it would be hard to pass up. Finally, we talk about moving the Clinton voter to the Obama camp and how to pull the independents away from McCain. See what he had to say about that. It's the key to victory for either candidate this fall.

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John

He and all other Democrats (some liberal Republicans also) do not get it. Our KNOWN Oil and Gas reserves exceed the current world supplies. If they would approve drilling in all US areas and off shore, the Speculators, etc. would be forced to factor in a 100% growth in future supply. Does anybody see a fast and LARGE price drop in that scenario? I DO!! Nationwide availability of alternative energy sources and uses is at least a decade away. The full economic impact of oil at $140/barrel should be felt just prior to the elections - everything in this country that a consumer needs to buy is going to increase at least 25%. Why is Congress not doing anything; keeping us beholding to countries that are not our friends; driving this economy (and you and me) into a severe recession/possible depression; and telling us to change our life style while they don't. Seems like they are a modern day version of "Fiddling while Rome burns."

June 30, 2008 at 6:12 pm

about this blog

  • Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.

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