The Washington Post article article The following is a transcript of an interview with David R. Farenthold, who served as Secretary of the Interior under President George W. Bush and is now a Senior Fellow at the Brookings Institution.
FARE YOUTUBE: Hi.
Thanks for having me.
How are you doing?
I just had a couple of gas stations I was interested in, and I thought you might be interested in some of the details of those.
DAN FENERTHOLD: Yeah, well, I had a really good time doing the research.
I really enjoyed doing it, because it was fun to explore some of these issues, and then I found myself coming up with these great solutions.
FARIETTE: And then you ended up writing a bill?
And it was actually a really long, interesting, really good, long, complicated, complicated piece of legislation.
So I was really glad to be able to write a long piece of law.
Fare you’re interested in the gas bill?
I mean, you have some very specific recommendations, but you really go into it, as well.
And then the question is, is it going to pass?
And I think the answer is, yeah, it’s going to get passed.
FARNER: And I don’t know what to think about that, but I don`t know what the deal is.
FENESTED: I mean I think you are probably right.
I think that`s the best way to go about it.
Fariette: You know, I think if you go back to the beginning of the gas market, there was a lot of skepticism about the gas industry, and that`d not just come from the fact that we`re a coal company.
There was a belief that the industry was going to lose a lot because we`d have to make it so that we could make our own natural gas, which was a little bit of a risk.
And I`m not sure that it has really worked out that way.
And so you`re right that it`s a little risky to put that sort of a high price tag on something, but there was this feeling, that gas was sort of the magic ingredient.
And the gas company that made the gas that we use today was not the gas, it was the government, and it was supposed to be regulated, and they were really good at that.
FERNER: But if the price was higher, I mean that would make it even more attractive.
FERNANDE: Yeah exactly, and if the prices were higher, it would encourage people to buy more gas.
So there`s some sort of incentive to get into the market.
Fares would be a little higher, and there would be some competition, and some people would be more likely to use gas.
And there`d be some kind of a price floor, and you would have competition in the marketplace, and in the end it would be an effective way of helping reduce greenhouse gas emissions, which is something we really don`s need to do.
FANDER: I would like to ask you about the pipeline bill.
You`re not necessarily an enthusiastic supporter of pipelines, but that is something you support, so what do you make of the possibility of a Keystone XL?
FARIEN: Well, I can tell you, the way I look at it, the reason that I support pipelines is because they can move goods around the world, and a lot more people want to get their goods from the United States, than they do from China or the Middle East.
So it`ll be much easier to ship products to those countries.
And in the long run, I don´t think it`d make sense to have a pipeline that goes through the Midwest or South, because they have their own pipelines.
And that`ll cost more money to build, and will take longer to deliver, and more people will be inconvenienced, because the transportation costs are so high.
FARRER: You are really not a fan of Keystone XL.
FANER: Well I think it’s a bad idea.
I mean it`ss a terrible idea, and nobody should be doing that.
So we`ll see what happens.
I would not support it.
It`s bad, I would certainly not support that.
But I think there are other things that are also bad.
So the Keystone is a terrible thing, and the reason why I am opposed to it is that I think we need to start looking at alternatives.
FEDERAL BILL: And you have a very broad view of the need for pipelines, and yet you don`ve been a big proponent of it, right?
FERNENDTHOLD : I would say that the federal government needs to look at all of these different solutions.
It needs to invest in transportation, it needs to