Higher energy prices act like a tax.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.

We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.

Higher energy prices act like a tax.

Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.

And we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.