boone pickens.president obama says there is a big lesson for us all in this disaster. we better pay attention. >> one of the lessons we learned from the spill that's we need better regulations, better safety standards and better enforcement when it comes to offshore drilling. but a larger lesson is that no matter how much we improve our regulation of the industry. drilling for oil these days entails greater risk. after all, oil is a finite resource. we consume more than 20% of the world's oil, but have less than 2% of the world's oil reserves. and that's part of the reason oil companies are drilling a mile beneath the surface of the ocean. because we're running out of places to drill on land and in shallow water. >> larry: t. boonech, you agree? >> a lot of it is pretty accurate. but we have got the natural gas. we are number one in the world. and here, he said it on, on oil, we have 2% of the oil reserves. why do we continue to depend so much on oil? why don't we -- >> larry: you said because we're

regarding natural gas in vehicles, senator harry reid has said that he is a supporter of with boone pickens is talking fueling heavyas vehicles with natural gas. it is something that could be in their proposal. on that point, using natural gas in the transportation sector, it seems like there is significant support for getting that into the energy bill. host: democratic , cincinnati. -- democratic line, cincinnati. caller: my husband and i are sitting here where the young man was interviewing the lady in the delta or what ever. he passed if mr. obama had a clue. the silliness of her answer -- we were going to give money to the red cross for the gulf. we put our checkbook back in the door. that turns me off. my question to the young man sitting there, is this now going to be a wake-up call to the self to started diversifying the industry? guest:+ one of the things that has been a very complicated nature of the gulf spill is the idea of the offshore moratorium law while the administration conducts a detailed safety review to determine what has happened and prevent it from happening. while the

boone pickens, right along this said this could go into mid september. go you buy that? >> i do.hink what people are overlooking is the fact that relief well is not always successful. and this is predicted to be one of the worst hurricane seasons in several years a hurricane comes through and deposits further oil inland and on the larger wetlands and marches causing further environmental disaster is a very real possibility and people need help, the restoration needs to start happening now and people in the communities suffering need help now, bus in the long run, paying money for legitimate claims won't be helpful. and it is a good step in the right direction but it is not dealing with with the challenges and the very real pain that's happening today. >> edward, what do you hope to accomplish with this short documentary film? >> we are just allowing people to experience the human outlook on it i know that they wouldn't talk to any of the reporters. these people would never talk to reporters. >> why not? >> for the -- afraid of bp. yeah. they on the gulf right now. >> larry: now y

boone pickens thinks this will go longer than they think. what if this goes into the elections?the obama administration has a huge problem on its hands. it has to be tougher, much more clear and downright punitive with bp to win public support. it is okay, not okay. it will be acceptable from vote tires support democrats if democrats appear to be having an articulate clear plan for fixing the problem. if they appear to be in the back pockets of corporations don't impose regulation or have a clear sign in terms of how they will develop technology to fix the problem. democrats will have a major loss. no matter how much this is an issue of republicans, democrats, public/private, the obama administration is the only group of people on the line in november. >> they would lose louisiana, mississippi, alabama anyway. do you think it really affects a lot of votes in new york or oregon? >> i think when you look at hearings like today and see the type of public performance and posturing from representatives around the nation even people who aren't affected voters care about the issues. vo

boone pickens on this show -- and he has been right about this all along -- said this could go into mid september, and do you buy that? >> well, i do. what people are overlooking the fact that the relief well is not always successful on the first try, so it could go beyond september, and what is scary and scaring at lot of to residents down here who lived through katrina, this is predicted to be one of the worst hurricane seasons in the years, and the hurricane comes in to deposit more oil further inland on the wetlands and the marshes to cause more environmental and human disaster is a real problem. and people need help and the restoration needs to help now, and the people in the communities who are suffering need help now. in the long run, paying money for legitimate claims won't be helpful. it is a good step in the right direction, but it is not dealing with thele clhallenges and the real pain that is happening today. >> larry: edward, what do you hope to accomplish with this short documentary? >> well, we are hoping to allow people to experience the human outlook of this. the people

i think he been pickens has done a tremendous job at educating the -- i think t boone pickens has a tremendous job in educating the country. we could be stronger because the money would be invested in america. one type of technology will not get us there. technology continues to change and improve, but what is so unique about 22nd district and where we all live, we are one of the largest in wind, one of the largest in seller, we had geothermal. we do our part -- largest in the solar and we have geothermal. we do our part. our oil costs less and get less for it. but if you are buying from another country come are we funding part of the problems and is going somewhere else? how can we protect the environment but make that investment where we control our own destiny? that's a fundamental difference. let's go over here. >> [inaudible] >> is that gone? i do not think i hear it -- is that on it i do not think i hear it. let's do this. you figure it out. we will go over here and come back to the spirit -- come back to you. >> my name is jay. an oil tax? that is too big. you're looking for trouble. le

i think boone pickens has done an excellent job of educating the country about where our money is going and who is spending is based on energy. if we could be energy independence, we would be stronger because that money is invested in america, and one type of technology will not get us there. technology continues to improve, but what is so unique about where we all live, we are one of the largest in wind, one of the largest in solar. we have geothermal, and we do our part when it comes to oil. we produce 10% of the oil in the nation. our oil costs more, and you get less money for it, but if you're buying it someplace else from another country, are we finding of problem? we have to look at it. how can we protect the environment where we control our own destiny? let's go over here. . xñxí [inaudible] [inaudible] internet security needs to be dealt with. we have facilities that need to be upgraded. i guess that is set. >> you have a couple points in there. this bill on the gulf as a tremendous problem. we have to cap it. and we of down for a number of days that the oil is coming to the coa

let's invest in natural gas-powered medium and heavy trucks and buses that's been promote bid t boone pickensthird, let's make plugin hybrid or all electric cars, we need places where people can recharge them. let's also invest in the factories to build those cars. in addition, we need to be able to raise revenue that would pay for these incentives, because obviously we have a huge budget deficit right now. one other thing we think ought to happen is many years ago president ford levy -- levy ad small fee that was $2 a barrel now the equivalent lens as i would be $8 a barrel. we ought to levy a $2 per barrel fee on imported oil and invest that money in technology to get us off oil. those are the measures we'd like to see to make sure the operation of riggs are much safer. host: phyllis on the independent line? caller: about two years sense i spoke to you. i'm the lady with the lady's club that said don't vote for bush or we're going to go to war in iraq. this is cheney runing the engineering and safety of b.p. amico's well there. i believe this is a conspiracy because they don't want us drill

boone pickens has said we can't drill ourselves out of the energy crises of this country or the world. we need to embrace new technology we need to bring about the source of jobs that will allow far clean energy economy to take hold and make certain we invest in those subsidies that will take us into renewables like utilizing our sun and wind and water and soil to create and respond to the energy generation we require. i think that's so very important. mr. garamendi: if i may interrupt you for a second, maybe more than a second, we prepared a little diagram here. this is -- let's consider this a quiz for the american public. which of these energy sources get the most federal subsidies? would it be solar? maybe the algae, they do technologies of algae producing fuel. how about wave action? or maybe it's wind. or maybe it's the oil industry. which one? get the most. mr. tonko: i think we'll have a sad answer here. mr. garamendi: we may have an answer, but i'll let people ponder that as we turn to my colleague, congressman sam farr. mr. farr: it was such a pleasure serving with you in th

i think boone pickens has done an excellent job of educating the country about where our money is going and who is spending is based on energy. if we could be energy independence, we would be stronger because that money is invested in america, and one type of technology will not get us there. technology continues to improve, but what is so unique about where we all live, we are one of the largest in wind, one of the largest in solar. we have geothermal, and we do our part when it ces to oil. we produce 10% of the oil in the nation. our oil costs more, and you get less money for it, but if you're buying it someplace else from another country, are we finding of problem? we have to look at it. how can we protect the environment where we control our own destiny? let's go over here. . >> we will, it back to you, ok? mine named is ted. -- my name is ted. speaking out and i will repeat it. [inaudible] you are looking toward trouble. [inaudible] internet is a charity needs to be dealt with. [inaudible] the american disabilities act needs to be upgraded. i guess that is set. >> you have a couple