no keystone pipeline.hat would have been a great effort if that thing passed anda the least symbolically, you could say america was going in the waive an energy revolution. that didn't happen. >> we're cautious in the near-term, larry. not expecting a big bear market, but a pullback here. you mentioned thatsa a risk. certainly you talked about the massive tax increases with the budget bombshell we're looking nat 2013. we've still got issues overseas, and greece might be out of the picture and they're next in line for a bailout and debt restructuring and weave got economic expectations very high and not just for friday and over the next several months as well and this will be the worst earnings season in years. profits only expected to be flat year over year. you know, the market has been dependent on earnings growth that's finally beginning to slow and with these other headwinds i think we might be good for a pullback. if earnings are flattening out, but profits are the mother's milk of stocks and we both

the president is making a huge mistake blocking keystone. the country wants keystone. the president should give it to us. he will debate that and other propositions, we'll welcome brad woodhouse, his communication director at the democratic national committee and his counter part at the republican national committee, sean spicer. brad, let me begin with you. i know you disagree with me. i think symbolically, the president is totally on the wrong side of keystone. business wants it, labor want it, motorists want it. i think this is a gigantic political mistake that is surfacing in the washington post poll. >> well, look, larry, i do disagree with you. but the republicans are the ones that spike keystone. i remember they axccelerated ths decision in the way the state department cannot possibly make the keystone decision that quickly. >> by the way, i did a search. i didn't see sean or mitt romney or rick santorum attacking president bush when gas prices were $4.12 in the spring of 2008. >> that was then, this is now. but shawn spicer, let me go to you for the reput dal.

this would take the president out of the keystone process.he senators felt that a no vote would be read as that. >>guest: yes, they fell four votes short of 60 needing to move this forward. what is significant it fell short if part because the president of the united states himself got on the telephone the last couple of days and was learning key democrats would were on the fence and may have tipped this to secretary votes but for the lobby by the president. what is significant you will vote last month carney getting heat from conservatives claiming the white house said the president had not previously killed the keystone pipeline. we will play you what happened then and what happened today when he acknowledged the president did make phone calls. >> president did not turn down the keystone pipeline, the fact the process. ended the way it did with the permit request, that is the sonsibility of the republicans who insisted on laying politics with the payroll tax cut extension. the president believes that it is wrong to play politics with pipeli

congress should step in and pass the measure which would authorize the keystone project. it's the common sense thing to do. the other key to north american energy independence is the rapid development of natural gas. production from shale. the e.p.a. is threatening to regulate this production out of existence by forcing rules that end hydraulic fracturing. in our part of the country, hydraulic fracturing takes place two miles below the surface of the earth and nowhere near any water supplies. it is time for this administration to stop using phoney excuses. america needs to return to government based on common sense. three presidential candidates have visited north dakota, and i have told them all the same thing. build america back on the same blueprint that north dakota has adopted, and our country will surely be rewarded with the same great economy our state is enjoying. thank you for listening. >> next, a senate hearing on the 2013 budget request for the u.s. agency for international development. then ron kirk talks about the obama administration's efforts to increase e

the best example of this is the keystone xl pipeline which the obama administration will not allow to be built. the state of north dakota is currently experiencing an oil boom. we have doubled our oil production in the last four years. we are about to become the second-largest oil-producing state behind only texas. but we cannot effectively market our crude oil domestically without a large north-south pipeline. north dakota oil producers were scheduled to feed the keystone pipeline with 100,000 barrels of crude oil per day. now, we will not able to supply the choice american markets because president obama says he needs more time to study keystone. the fact is he has had over three years to study this issue. congress should step in and pass senator hoban's masteremeasure t would authorize the keystone project. it is a common-sense thing to do. the other key to north american energy independence is the rapid development of natural gas. production from shale, the epa is threatening to regulate this production out of existence by forcing rules that and hydraulics fracturring. it takes tw

the keystone x.l. pipeline is the country's largest shovel-ready infrastructure project. president obama had the opportunity to create thousands of new jobs right away plus bolster job prospects for thousands more throughout the manufacturing supply chain, such as our hoosier firms, hundress howser, koonz and caterpillar. allowing $7 billion of private kpheubgt activity -- private economic activity should be a no brainer. even after reviewing keystone for over 1,000 days, president obama caved to pressure from extreme environmentalists by rejecting ketone x.l. jobs and security. the president ignored analysis from his own department of energy that said oil supplies coming via keystone x.l. would most likely lower gas prices. president obama's rejection of keystone x.l. implicitly says that the administration prefers to send billions of dollars to unfriendly regimes rather than expanding trade with canada. it says that democratic leadership prefers going hat in hand seeking more oil from saudi arabia ra

on the keystone pipeline, i'm against the keystone pipeline, i'm for the keystone pipeline.n kerry, but barack obama, the champion flip-flopper of the left. >> maria? >> look, let's be very clear. this president and this administration have never been against keystone based on its merits. they were against the timing of what the republicans tried to put in several bills last year to ram it down the americans' throats for purely political reasons. this president understands that we need an all of the above approach and frankly what he's focused on now is that all of the above approach and wants to include keystone in it in a way that does not destroy our environment. >> dean? >> this say real battle today, carol. i'll be honest with you. to me, if you look at the real facts, president obama has never opposed the keystone pipeline in the southern portion from oklahoma to the gulf. he's expediting the permits. that's the real facts. he will get criticized from the right that he's somehow pandering or flip-flopping. i think obama should turn this into a positive and say i'm doin

approve of keystone pipeline.nt overlap with the population of voters in the country. that is why the white house is concerned. the president is going and doing photo opportunities which is what they are. in an effort to reband himself. he is trying to pretend he hasn't been who he has been in the first three years of his presidency. what is interesting to me is to notice that the application on the left increasing. environmentalists are worried about the president. they think it's setting the stage for a full-scale reversal on keystone, which is unlikely. he is looking for approval from people who rejected it in the first place. >> i am shaking my head in agreement. he can't have it both ways. republican voters will realize how disingenuous this is or the left wing base will say we don't trust you anymore. >> bret: talk about the green energy policies. out on a radio show talking about a solyndra. the solar company panel company that failed. take a listen to this. >> we wish solyndra hadn't gone bankrupt. part of

this whole issue of the keystone pipeline has generated a lot of politics. that's because the original route from canada into the united states was planned through an area in nebraska that supplies drinking water for millions of americans. and nebraskans of all political stripes, including the republican governor there raised some concerns about the safety and wisdom of that route. so to be extra careful that the construction of the pipeline in an area like that wouldn't put the health and the safety of the american people at risk. our exports said that we needed a certain amount of time to review the project. unfortunately, congress decided they wanted their own timeline. not the company, not the experts, but members of congress who decided this might be a fun political issue, decided to try to intervene and make it impossible for us to make an informed decision. so, what we have said to the company is we're happy to review future permits. and today we're making this new pipeline from cushing to the gulf a priority. so the southern leg of it, we're making i

the president won't reverse his decision on keystone. they're going to find an alternative route more environmentally desirable. but the republicans are going to hammer him for it, and they're going to try to get the american people to think that stopping the keystone is denying all this oil to the american taxpayer. and that's not right because the pipeline is canada's gateway to asia. they want to build a pipeline to port arthur, texas, a foreign free trade zone, and they want to export it. none of that oil will stay in the united states. and so to equate the blocking, the temporary blocking of that pipeline until a more environmentally reasonable route is found has nothing to do with the fact that gas prices are rising. in fact, the exported oil last year from this country for the first time. >> thanks to the recession, which because our demand is down. look, president obama is right about the larger forces driving the price of gas and republican candidates said a lot of stupid things on this. it's not santorum that took the cake on t

pipeline, particularly the lower half of the keystone?n other words, you're getting all of this oil shale coming out of montana, which is great. north dakota, which is fabulous. so it's all developing, it's all sitting in cushing, oklahoma. it's a pipeline glut. we need more pipeline. how important is keystone to that story? >> well, it's really important. and know this. that over the last three years, i've negotiated with trans-canada. and i got them to agree to build $100 million on ramp in montana so that montana and north dakota oil could be pumped on this keystone. people think it's just alberta oil. this is just montana and north dakota oil, and it's $100 million investment just at baker, montana. but my oil guys tell me that even with that on ramp, they wering with we were going to have a problem in oklahoma. we need to reverse the flow. and one of the oil companies have reversed their flows so now we can get crude oil delivered back down to the gulf coast. and we need additional pipeline capacity so that when more oil arrives in c

today he was in keystone in curbing, oklahoma talking about the keystone pipeline and wrapping up at ohio university. all of it focusing on energy. we asked our viewers about it this morning on "washington journal." >> and we're back. for the remainder of today's "washington journal," want to get your take on president obama's energy strategy. yesterday he started out on a four-day tour to tout what he plans to do on gasoline prices and other aspects of his energy strategy. he was in it nevada yesterday at a solar panel company. here's what he had to say. >> but an energy strategy that focuses only on drilling and not on an energy strategy that will free ourselves from our dependence on foreign oil, that's a losing strategy. that's not a strategy i'm going to pursue. america uses 20% of the world's oil, and we've got 2% of the world's oil reserves. think about -- i wasn't a math major, but i just want -- if you're using 20, you've only got 2, that means you've got to bring in the rest from someplace else. why wouldn't we want to start finding alternatives that make us less reliant, l

the keystone x.l. pipeline project to move forward. the president on the phone calling senators saying vote against the keystone x.l. pipeline amendment offered by senator hoeven. the president has previously said there's not a single morning he wakes up when he does not think about creating jobs. but apparently he woke up today thinking about how to lobby against jobs, because the keystone pipeline, in addition to providing an additional supply of crude oil from the tar sands in canada that would be transported to the united states and turned into gasoline in places like port arthur, texas, apparently the president got up and thought about how can i, how can i obstruct additional supply? how can i destroy the jobs that would be created, which is directly contrary to what he professes he does when he wakes up each morning thinking about how to create new jobs. the keystone x.l. pipeline is a $7 billion private investment that will create 20,000 jobs in construction and manufacturing alone. it will add

is the white house doing enough with what keystone excel could give them?they're letting a lot of surrogates do a lot of heavy lifting on that. they were out today talking about how keystone excel is not a magic bullet, and the president himself said there is no magic bullet. it is not a magic bullet to get gas prices lower. it is not going to be built or pump it's first drop for several years. the number of jobs, that argument is speechless in that it's not going to create nearly as many jobs as a study confirmed it would not create 20,000 jobs as the republicans say it would. the president and the surrogates for the white house are getting that message out in different ways. the white house is also promoting a fact sheet on white house.com.gov that talks about how gas drilling has increased and the markets still won't pull the prices down in the united states. >> the explanation was in 2008 as a matter of fact forces speculateors, that's the way it is and it's the case now is the white house doing enough with that? once again it would seem that the time i

discussing keystone. but i do think that the broader point is we need to do a lot in our own economy to reduce our dependence on recorded energy. and we are doing a considerable amount, particularly in the area of natural gas at home. there is a lot more drilling. we're trying to develop prudent environmental policies so that we can take advantage of these new gases that we found, tight gas and all sorts. >> shale. >> all the various shale gases. all that i think is really going to improve our energy outlook dramatically. >> a lot of people are saying we have opened the door to canada selling all this oil to china, and we didn't have to do that. i know you can't comment on that. that's just my mini editorial. robert hormats, as always, old friend, thank you for coming on. >> pleasure to see you. >>> mitt romney is coming up, but he is still six to ten points behind president obama. but this has been a sparring match. romney head for the big fight against the president? and please don't forget, usa, china,

the massive keystone x.l. pipeline protests have died down in recent months but doesn't mean the battle over the keystone pipeline has died down in general and in fact the pipeline has become a major focal point on capitol hill or the senate voted on a new measure designed to keep president obama out of the decision making process now their idea was to cut it out of the equation because the pipeline originates in canada and not in the u.s. but the measure needed sixty votes to pass and a quite literally sprung obama into action he and his team lobbied other democratic lawmakers into saying no to this bill our ports are that obama phone calls himself so you can imagine the g.o.p. he was none too happy about that. this report this morning that the president is personally making phone calls for democratic senators he takes my vote for them and asking them not to. and frankly charge to even comprehend how. completely out of touch he is on this issue. now those words were simply not convincing enough because the me

right direction, that has to be processed and frank ly no judgment was reached, senator, on the keystone excel project because frankly because of actions taken by the congress insufficient time to move forward with the processing of the alternative that is required. >> it's interesting the keystone pipeline was proposed seven years ago. >> sorry, dr. barroso, i was with the governor from nebraska yesterday, there were serious concerns raised by both the republican governor and republican colleagues here in the senate wrapt to that proposed pipeline so the alternative to that pipeline is still to come from transcanada and then it will be evaluated. we play by the facts, there will be a process and a judgment reached on the facts just as a judgment will be released on the segment from curbing down to the gulf. >> thank you. >> senator shaheen. >> mr. chairman, deputy secretary hayes and miss hayes, we're pleased that you're here today. mr. secretary, you talked about your new role to help develop a tourism strategy for the country, and the importance of protecting our outdoors and and spec

he's shut down keystone. so now we're sitting in a place where we're no better off today than where we were three years ago. we've got a president that's now coming back on the campaign trail again talking about an "all of the above" energy policy. that's ridiculous. >> schieffer: what about mr. axelrod's assertion that it's your fault that the keystone thing got killed because you tried to force an early decision. >> i think myself and everyone in the studio chuckled all about at the same time when he said that. look, the republicans have been in favor of this keystone pipeline, 20,000 jobs. if there was ever such a thing as shovel ready projects here was one of them plus it would get us a step closer to energy independence. it wouldn't be the whole deal. but it's a step closer. this president has shut down everything when it comes to energy independence in this country. we're sitting on a wealth of energy to get us to a place where we don't have $4 and $5 gas. this president isn't there. he's talking out of

they see the no-brainer in keystone and the president actively lobbying against it.hink it makes a difference. >> bret: it's important to note that oil prices are complex, it's a world commodity. it's not just supply and demand. there is are world demand issues, but on the simple term, who is winning this back and forth politically? >> i think politically no question republicans are winning. in part they are making, everything you just said there is true about the way that oil is priced. however, it doesn't mean that the united states and u.s. government in particular can't do anything to affect those prices. if you look what president bush back in july 2009 when he lifted the moratorium in the east and west continental shelf you saw prices come down 45%. what happens you have betting on future supply of oil. people make those bets based on what signals they are getting from the administration. when an administration signals it's not interested in increasing supply on something as simple as this, that does affect price. >> bret: speculators factor in and oil companie

to prevent construction of the keystone pipeline. there's a big gap between whey the president promises and what he talks about. i think honest, hard-working taxpayers deserve actions that match boards. >>> analysts say construction of the southern pipeline wouldn't be finished until 2014 at the earliest. still ahead at way too elderly, the ncaa sweet 16 is under way, with syracuse fighting for a spot in the elite eight. how the orangemen are faring without their big guy. plus, pat robertson weighs in on tim tebow's future. >>> a whole lot healthier from this moment on. ladies and gentlemen, the president of the united states of america, barack obama. [ degeneres ] what's more beautiful than a covergirl? two covergirls. that's right. get two miracles in one product. covergirl makeup... and olay advanced hydrating serum. it's new tone rehab 2-in-1 foundation. one pump... covers spots, lines... and wrinkles. and one bottle helps improve skin tone over time. that's what i was supposed to say now. well, no one can understand you. ♪ new t

face it, he -- forget keystone. it doesn't exist. i was against keystone but i am for cushing. i am thinking of cases where after a herrible crash, they become a new airline with a new maim and we are supposed to forget the accident or what accompanied the demise. >>guest: he does this and he gets appear with it. face it, he is saying there is plenty of drilling and we are drilling more than enough. drilling is down on federal lands and india lands and he gets away with it because the people would vote for him want to believe it but now he is nervous so he changes. he is just a great campaigner. >>neil: so they are taxes, maybe "revenue," is a nicer word. >>guest: his greatest enemy is youtube. because people are going to see what he said before, they will actually ... you will rearen't and show stuff. >>neil: but you are the best, ever, at it so when kentucky fried chicken turned to kfc, did it change anyone's perception that kfc was a great place to go to? >>guest: people went for fried chicken and they did not hear the word "fried." so now it is cushing, and he is changing,

keystone, good argument.e, people like robert redford, daryl hannah, but i understand the goes goes to texas and overseas. >> it is. have representative ed markey on the show, he talked about this a lot. he even had the ceo of trans-canada in a hearing and said how about making sure some of that gas, if we get go ahead on this, how about making sure some of that product gets sold here. he said no. the point is, it is a tax free zone. they get to sell it to asia, mostly to china. it is not about the domestic market. the other argument they have, jobs, it will create a few thousand temporary construction jobs. neither argument works for keystone. >> i know the politics, we know the politics. higher the gas price, worse off the president is. i understand that. everybody knows that. when i talk to the guy i go to for money advice, i say why is the price of gas going up. he tells me it is fear over possible war in iran. >> no question. >> just like you hoard, people hear a flood is coming, they buy bottled water.

keystone pipeline, a note in politico changed the route of the pipeline to get keystone built and there's word that a portion of the pipeline will begin construction. can you explain what's happening? >> yes. this is something that the president as he's doing right now in the keystone could be but a little ways of west. that's a major intersection of the pipelines that come through there. so the pipe going from cushing is the part the president doesn't -- he isn't stop that portion. >> because it doesn't cross outside the u.s. borders and the over one does? >> yes. but the problem with that is, yes, we -- that will get rid of the some -- you can't have a pipeline going in one direction and accomplish anything. i think the greatest fall sip and the whole argument, he was catering to some of the far left environmentists in nebraska. now berdych. they stop this because he foe permission -- guest: it's not going to stop whether or not they are drilling as if there's some reason to stop drilling up in there. host: from this section the white house has endorsed it. is that correct? guest: doesn

the keystone pipeline will help prices and supply in this country. bill clinton came out yesterday, and he said he approves of the keystone pipeline. barack obama approves host: doug lamborn has been our guest. he's the chair of the natural resources subcommittee on energy & mineral resources. thank you for being on "washington journal." the house is in session. we're ending at 9:00 eastern time. there will be debating a few things. the senate will be holding their vote on the so-called blunt amendment. that will be in the senate and that vote will take place at 11:00 a.m. and you can watch that on c-span2. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] guest: we will be working on some suspensions. host: do you foresee any energy bills getting through congress? we have talked about 34-08. >> certainly not this week but hopefully soon. the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, wa

this keystone pipeline story is very important.d, i think nbc news is reporting, that tomorrow the president is going to say some kind of fast track permitting for keystone. the lower half of keystone, not the international canadian side. he should have done the whole pipeline three years ago when it first passed the environmental review from the state department. if we had pipes coming from cushing to the gulf coast, gasoline would have reached refiners faster, they wouldn't have had to go overseas for more expensive oil to refine, they'd be more profitable. and frankly the price of gasoline would be lower. >> i want to just make it clear for the viewers on the keystone issue, this has been the pipeline coming from canada hopefully down through the central part of the u.s. a lot completed, it's been a political hot button issue. andy, do you agree with larry? domestically it's fine, internationally it's fine, i think larry's probably suggested too that if this thing does not get done, all the producers in canada are going to be li

the president was in cushing to push the southern half of the keystone pipeline.is part of his strategy that includes renewables and drilling. we heard about the purpose of the keystone pipeline for months delivering energy resources from alberta's tar sands all the way to the gulf. other words bringing crude oil to the refineries so it can be made into gasoline. where is it oklahoma was worth a visit from the president. it sits in the middle of the continental u.s.'s oil production. those red areas are where drilling and oil is. there's a major storage depot at the intersection of these pipelines. and this area is where our oil is, but it also sits, cushing does 485 miles away from the texas gulf refineries, so once this section of the pipeline is completed, that section is supposed to bring about 830,000 barrels of oil to refineries every day. but there's no question that the keystone pipeline is all about politics in this election year. take a listen. >> the problem in a place like cushing is that we're actually producing so much oil and gas in place like north

but the keystone vote this week in the senate was rush the approval of keystone. don't bother studying it, just go ahead with it! 11 democratic senators voted for that but it still failed in the senate. republicans think in an election year this is one they can count on. i think it's more complicated than that. joining us is melissa harris-perry, not afraid of complicated things. she is the host of melissa harris-perry, thank you for being here. >> absolutely. >> good economic news, gas prices are still high. does the republican party right now have a coherent argument on energy that is resonating with people? >> it's interesting how you ended that, a woman saying let's wait until we know. but i think exactly what the republican party is banking on here is that it is extremely complicate and it's complicated in two ways, one, for ordinary people who live near where these gas issues and these oil issues and these energy issues survive, these are economic and environmental issues. i live on the gulf coast, i live in new orleans, the fact is when the bp oil spill was

this is not completing the keystone pipeline. that goes to canada. obama is still owe owes posed and has put the brakes on and is not permitting oil to canada to get to oklahoma so it can get to texas. oo there is no approval to the keystone pipeline. another bit of information you need to know. obama couldn't stop this leg that he's out taking credit for. it was in the works. it was happening. he's simply gloming on to what was happening. he couldn't stop it if he wanted to? he did want to. >> that's rush. later in the show we are going to get rujohn hahnity's take on this. liberal group meaning matters buying $100 in radio ads at that getting stations that carry limbaugh's show. they are upset for the comment for which he has apologized. media matters is trying to silence the opposition. >> there is something very fascist about all of this. shut down your opposition. don't let them speak. punish people who supported them. in every state that is tactic number one, silence the opcation. they re thi-think their call th nbc people should be fired. cent