'This Week' Transcript: Allen, Kerry and Cornyn

Here's what's important. Not to be throwing the blame around, but to put America on the course to true energy independence and self-reliance and to begin to wean ourselves from our addiction to oil. And the Congress has staring it in the face an opportunity to catch up to the rest of the world. China, India, Germany, Japan, other countries are using American discovered technologies in solar and wind, and they're rushing them to the marketplace. The United States is losing a major economic transformational moment. Until we begin to do something -- you know, since 9/11, we now actually import more oil than we did before 9/11. It's insulting to common sense.

And what we need to do is pass an energy comprehensive policy that prices carbon and begins to move America to the future so we can get into the marketplace. We'll have less pollution, better health, better national security, better competitiveness, increased ability to provide our own national energy policy, and we will create millions of jobs.

TAPPER: Senator Cornyn, your response? Senator Kerry obviously advocating for his energy bill.

CORNYN: Well, there are parts of the bill that Senator Kerry and Senator Lieberman have introduced that I think are positive steps. The acknowledgment that we can't completely cut off ourselves from domestic sources of oil and gas. That we need to explore nuclear power. That's certainly an important part of the overall picture.

But where I disagree with them is that we need to tax the American consumer and the American business at a time when -- with an energy tax -- a new energy tax, when unemployment is at 10 percent.

You know, if we do that then we're going to kill a lot of jobs that currently exist. And together with the moratorium that is of uncertain duration, particularly in the Gulf states, Governor Jindal and others have expressed their concern, I share that concern, that a lot of people who make their livelihood in the oil and gas industry are going to be out of work.

So we need to be very careful here. I think rather than try to hit a grand slam home run, I'd like to work with Senator Kerry and others to try to do -- you know, hit some singles and develop nuclear power, battery technology that will help us deal with our environmental concerns. And then let's look to divert more of our demand to natural gas, which we have in plentiful supply. It's American, and it's much less of an emissions problem than other forms of energy.

TAPPER: Senator Kerry, I want to let you respond to the...

KERRY: Well, you know, Jake, if I...

TAPPER: Go ahead.

KERRY: Yes. Well, if I can just say quickly, look, I'm delighted to hear John say he'd like to work with us. And obviously I've been working with Lindsey Graham, Joe Lieberman, we want to reach across the aisle and we want to reach accommodation.

But let me tell you, you know, Joe DiMaggio and Ted Williams and Babe Ruth never stepped up to bat in the World Series and said, I want to try to hit a single. The fact is, the United States right now is behind in an enormous challenge globally where China, India, and others are spending billions of dollars to take the discoveries that we made, and they're taking them to the marketplace.

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