Detailed text transcripts for TV channel - FOXNEWS - 20121124:19:13:00
Affect almost every part of our economy, because energy goes into the production, pretty much everything. you're talking about ozone air quality standards and carbon standards and greenhouse gas emissions and maybe fracking on federal land, fracking be the high drawlic fracturing technique that leads to oil and gas production. that's regulated by the state. are you saying that the fed wants to get in on the act and preempt the states? >> i think it's a possibility, paul, yes. >> paul: so that would complicated drilling decisions by companies and potentially add to costs even though it's been a...