tv Washington Journal Frank Macchiarola CSPAN February 15, 2023 7:16pm-8:01pm EST
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♪ ♪ c-span's washington journal every day we take your calls live on the air on the news of the day. and we discuss policy issues that impact you coming up thursday morning, american constitution society president and former wisconsin democratic senator ross discussing the judicial confirmation process and the supreme court and doctor joel of health institute talks ab new report on the effectiveness of covid lockdowns and other government pandemic restrictions. watch washington journal live at 7 eastern on c-span now our free
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mobile app join the discussion with your phone calls, facebook comment, text and tweets. c-span is general or filtered view of government if you could bid television companies and more including comcast. >> you think this is just a community center. no it is way more than that. comcast is partnering with a thousands community centers to create for students and low income families get tools they need to do anything. comcast sports c-span as a public service along with these other television providers, give u a project row seat to democracy. ♪ ♪ a conversation now on u.s. energying policy our guest is frank a senior vice president of the american petroleum institute, and first remind viewers who api is and what your mission is and what do you do? >> ap circumstances leading
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trade association for oil and gas industry in the united states we represent all aspects of the industry from upstream production all the way down to fuels marketing and everything in between. we have about 600 member companies here in the united states. we're also standard setting organization and in addition to being an advocacy organization so truly set standard for oil and gas industry. and we represent the industry's interest to before government here in washington, d.c., as well as at the state level. >> does that mean lobbying that? >> that's right. in terms of fund wring does it come from funded by industry paying due? >> across the industry from member companies who participate in the association. and you know, our mission is to inpollution public policy for a strong oil and natural gas industry here in the united states. and then 2023 when you're
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talking to those folks up there, what does that mean today? what are you pushing for? >> i think it means first and foremost energy security. righter now the united states because of the shell revolution is in a more secure energy posture. and we want policies to ensure that we can continue to be in this position as a country. it also means providing affordable and a liable energy for the american people and so our industry works very hard to provide that energy every day while meeting the challenge of reducing emissions the climate challenge that faces our industry, our country and the world. and so that's really the commitment of our industry. and we bring that message again to capitol hill to state legislatures and to the american people. so what's specifically diewpght them to do legislatively in the congress to meet those octave? >> we have a few priorities i mean first and foremost we need access to federal lands and water to be age to continue oil
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and gas that the american people and the world needs. second we need infrastructure. souc permitting reform has beenn the mind of policymakers that's veryty important to be able to t the product where we produce it. to where the consumer needs it. we need policies that advance cleaner fuel. that's a priority for our industrync as well. and finally we need to together both republicans and democrats we need to tackle this climate challenge. we need reasonable policies that again meet that challenge or providing affordable and reliable energy while advancing or advancing the progress we've made in reducing emission. >> a week ago today president biden did a "state of the union" address has thoughts on oil and gas industry i want to play a clip for viewers and join your thoughts. >> have you noticed big oil just reported its profits record profits. last yearth they made 200 billin
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dollars in the mids of a global energy crisis. i think that's outrageous why invested too the of that property to domestic production and when i tiewk a couple of them they said we're afraid you're going shut down all oil well and refinery and why invest in them? we need oil for at least another decade and that's going to -- [laughter] beyond that. we're going need it. production. if they have invested in production to keep gas prices down and rather than that buy back stock and rewarding shareholders corporations ought to do they? right thing. that's why i propose we quadruple tax and stock buybacks and long-termrm investments. [applause]ai
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first on the oil and gas profits that 200 billion dollar numbers what you do with investments that criticism from the president. >> yeah our industry is committed to continuing to produce the energy that the american people need and so overt past year, as demand has come back you've also seen supply come back and oil and gas producers out there producing increasing production up to around 12.3 miles per day in this countryry so we recognize e need for energy as an industry andt: again we're committed to providing that energy. >> when the president says you're not reinvesting that enough for supply that it's turning into profits turning into pockets of people how much of that does get invested? >> it is simply untrue. our industry is providing the energy that people need. we are investing in capital
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intensive projects that take decades there's no question that during the pandemic as demand decreased, you saw a decline in capital investmentif but you're seeing that come back. there are constraints on the industry certainly the supply chain constraints labor, shortage issues that face all industries. that's not unique to our industry. but we are coming back. we are producing more and what we needdu from washington we ned a president that incentivizes that production of american energy. we need a president that promotes policies that are proenergy that aren't trying to lock up areas for more production or stifle infrastructure or increase tax on the industry. if we can get that from washington, d.c., i think you'll see outcomes improve. >> our guest at senior vice presidented a american patrol
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you mean institute api.org, of course, wait and go with us for 35 minute this is morning so go ahead and start calling in republicans democrats 202-248-2 ,000 and to as you're calling in when we talk about the permitting process, what do we mean how long does that take? does every single project have to get the same kind of permit? >> it takes a long time so the constraint that we see is oftentimes from litigation expensive litigation that holds up projectses but we need form tos statutes. like hold up projects. third party organizations that are protesting a pipeline for example and 7 in a particular area. but there are statutes like nipa that need reform currently timeline for nipa approval is four and a half years.
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>> what is -- >> national environmental policy act whichch produces, requires environmental impact statements or environmental assessment of a particular project long-term many agencies engage in this process. the average timeline is four and a half years. if we can knock that down to two years we did a study at api that showed there's about 157 billion dollars of infrastructure projects caught up in the nipa process reducing it to two years could take 67 billion projects and move them along. so this is critical to other environmental statutes that need reform that haven't been looked at in a long time. the bottom line is that these delays are bottling up the critical energy that we need in the appalachia region we surveyed about ten projects alone. four of which are about 5% of the total natural gas we use in
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the united states so it's significant. and can make a real difference if we have that reform. >> but nipa process if you were to cut from four to two year what is does that mean just less time t for responses as these legal suits go back and forth? how you turn that process down and still -- achieve the goals that nepa was originally written to do? >> that is the challenge that policymakers will have. we want to make sure that we do all of the environmental work that needs to be done on projects but we don't have undo delay that really ends up in many cases canceling projects that are critical for our energy infrastructure and our energy security. >> again 202-2482,000. independents 2022484,000 this is joe line for republicans. joe you're on with frank.
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>> good morning. thanks for taking my call. i just had several questionings. hello --ha >> what are your questions, joe? >>no yep okay i thought i lost u okay thank you. the record profit this is year thatro $20 billion whatever it was, billions of dollars of profit thatit the oil company me in years to buyback their stocks. do they do that last year too? how many times has the oil company made record profits do you know that can you explain that to us how many times and how much and then president biden said that there's going to be oil needed for the next ten years. can you explain why that the republicans and you probably said i didn't hear it. that we were energy independent when we buy 20% of our oil from canada and 30 from mexico. that would sound like the most ridiculous thing -- you know i almost --
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almost stupid sayingg that you make record profits while they've done nothing to cut gas prices. you say there's a delay -- >> you bring up quite a few things so let me address -- >> thanks for your question joe. well first off on record profits you asked about previous years, certainly during the pandemic when the price of oil went below zero. industry wasas not profitabilit. ande suffered significant losss during that period of time, and as again a demand back up and supplies have not kept pace you've seen higher prices but it's important to also recognize that this industry isn't simply made up of corporations. it's 11 it supports 11 million jobs arnsd the united states. about 8% of our total u.s. economy, and so energy is really
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the backbone of the american economy andof a strong u.s. oil and gas industry means that we're less reliant on foreign source of energy we have stronger national security. we have stronger employment around the country. and we're adding to our economic productivity. and so you know we're proud of the record that our industry has e again the challenge as we continue to make that progress and reduce emissions. >> up to you what do you think would be theop ideal price for a gallon of gas in this country? >> i can't talk about prices or -- estimate prices going forward. i think what's ideal is reliable and affordable energy for people and progress on reducing emission, and you know, critical to this is producing more energy that we have here at home for decades we heard about the
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importance of not being reliant on foreign sources of energy strengthening our energy independence because of the share revolution in this country we have double the production of natural gas and oil here in the united states, and as a result we are more secure. we have a more stable price environment.t. we've strengthened national securities and provided economic growth for the country and so we need to continue that progress we need policies that ensure that we can do that. >> just coming back to that for a second fair to say it is $2 a gallon too little per gallon a gas $5 too much for a gallon of gas in this country and try to get a sense of where we should be trying to target here. >> yeah. it's less of the -- targeting a price and more making suren that we have an abundant supply for people that it's -- reliable and so they're, you know, wake up in the morning they drive to work. they're sure that they can go and getet the energy that they affordable. it is reliable and --
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bring down that price? abundant supply here in the united states and we've tapped into it because of advance and technology like horizontal drilling that'soo made huge difference in being able to get supplies to the marketplace. critical in all of this, all policies that incentivize u.s. production that make us competitive against countries that many cases don't have our interest at heart. so if we can do that if we can unlock american energy, we can really strengthen our energy security in the advantage that we haveet against other countri. are we energy independent or have. we ever been energy independent? >> we're energy secure we get more of our energy right here at home we get energy from our partner to the north, canada. we're able to now export energy so export crude oil ban lifted
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years ago that product was essential and then we also export liquefy natural gas ability to provide natural gas to other countries. .... reduce carbon emissions and power generation. largely switch from coal to natural gas. going to export the progress he made on reducing emissions to the use of natural gas by exporting lng to other countries for cracks in new jersey lankford democrats arthur you are on with frank. chris good morning, thank you for c-span. president biden said the spy balloon is not cause any
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long-term damage to u.s./china relationship is it companies making millions of- dollars a year should take with a bargain with the labor unions. the workers in the pittsburgh post- gazette remain on strike because of senior such as alan blocker sits on c-span's board of directors does not like that. they should ask him to change that. cox arthur to attack by oil and gas that is our topic for the moment. >> and thank you. >> okay let's try to stand topic here. gary in milton, pennsylvania republican good morning. >> good morning sir how are you today kuester. >> doing well. >> i've got a question. i see werein these chinese and other y countries are buying up all the farm land which have gas leases on them. how much does that affect the oil and gas coming out of america right now? coming out of the farms and already purchased in the united states. the other thing, when biden got an office why is it legal for
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this presidency matter which president that is in their to put money into foreign pipelines and shut hourser down the first day in office? it makes our fuel go up. why shouldn't they have to go through congress to get these laws passed? they think they are god and can do what they want to do. we have an arena that controls everything we do now. sue and gary you spoke about pipelines. it is really important we continue to build out our infrastructure here in the u.s. that is why we were pushing for reform in congress. not justic our industry we need this reform, it's also the industry that needs a transmission lines. and so this is a bipartisan issue.
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it is something thatme unites people who support energy. we are hopeful we can get this done even in divided government. >> to andre and rutherford, texas. andre is an independent, good morning. >> yes thank you for taking my call. my question for the gentleman is, you have all of these permits to give you the right to drill on public land. and for some reason the company's not on them. my second question is you all get subsidies of millions of dollars and they said back in the 60s, 70s, '80s oil is below 60 or $70 of at least $5 million subsidies you all did not need. the last question i'll hang up and take your answer off of the air is the president really ain't got anything to do with the oil prices. isn't drilled on the public
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market? i'll take my answer off they are appreciated therapy. >> a couple of issues there. switch to on that leases a question this is something the biden administration has raised a number of times. but they are wrong on the facts. the fact is two thirds of the leases for development on federal lands is actually in production it is the highest production in over 20 years. we actually produce right now around 100,000 wells in the u.s. the industry is out there producing. emc and increase year-over-year that's going to continue to see an increase into next year. certainly the demand picture coming out of coded was much
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steeper than people had anticipated for your sink supplies come back you are seeing industry produce. we went when it comes to federal lands is there more energy and your niece of federal lands in private lands right now? is that where your focus is, drilling and getting access to that energy? >> over time see more production o' private lands for natural gas. still make up a significant amount of our production about 23% of the oil that we produce the u.s., about 12% of natural gas. it is important for the area the federal government has the most impactn . and is the area of the biden administration has taken action. when they first came into office they issued a moratorium on leasing on federal lands. that continued to the point they leased at one point had
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administered lease and trent leased their well behind the obama administration on leasing. our encouragement to them is they keep talking out the need for supply for lower prices. they can have an impact on that by offering these sales and incentivizing operators to go out there and produce more oil and gas. see what work can you and can when it comes offshore drilling? >> the gulf of mexico you can. they are areas in the eastern gulf as well as the atlantic and pacific. they are off-limits. right now we are urging the administration to issue a five-year plan which is rules of the road for drilling on the outer continental shelf. we have gone that over 220 days without a plan since the first and since the 1980s we do not have a five-year plan in place.
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that is essential that we put that in place. for offshore leasing going forward. this is a critical part of our energy mix. >> just about 13 years on since the deepwater horizon and the gulf. what has changed when it comes to oil drilling offshore's in that time? >> it is more regulated. it is certainly something our industry is taken as a priority. the focus more on this area. our industry is committed to safety. to the environmental stewardship. that nearix the top for reliable abundant energy for the american people while addressing commission. that is the critical challenge right now print the offshore is a part ofgu that.
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the offshore is among the lowest carbon battles. here in the u.s. we produce energy the highest and. >> years and that's one for providence amicus (202)748-8000 per independence to 027-48-8002. rank of api with us about 15 more minutes if you want your calls, your questions in. this is from wisconsin line for democrats good morning. >> good morning. i would just like to ask the gentleman in my opinion biden must be about the best present for the oil companies ever considering the profit margin. obama was good to north dakota. they would produce oil big time. i'm 16, 17, 18 they're all shutting down because the oil prices. so that did not help them at
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all. that definitely did not help. we are opening up again now. i just think the prophets. i would like to have you answer a couplee of questions why is ol production in the united states and natural gas production and if it is at an all-time high why should the price be so high? and also the elephant in the utroom when trump was present ty were pumping oil and they cut production drastically. that is completely benefited the u.s. oil company because of the economy. so i would justpl like to have u answer a couple of them questions, thank you. >> thank you. the caller mentioned opec where
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the troubling things we saw in the last couple of years the administrations continuous urging to provide more supplies in the marketplace or pipeline projects. essentially this has been in a struggle with opec for decades. more of the world's energy supply away. because of the revolution we were able to come here in the united states a swing produce ot the largest producer of oil and gas in the world. opec would like to wrestle control back. for a whole host of reasons with energy security, national security, the economy, jobs, that's a better and that produce more energy here in the u.s. and we are less reliant on countries and opec.
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includes russia, about 10% of the total oil production in the worldut. everyone would recognize it will be better to prove more oil here in the o united states and to ry on russia. >> who is buying russian oil right now? >> mostly in asia. china? i believe so yes because the cost ofna the question was about administrations which administration would have been best for the oil and gas industry. jena favorite administration when it comes to oil and gas industry? >> we don't have a favorite administration. wewe work with both parties. we tried to promote energy policy that are going to provide access to affordable a liable build down the infrastructure system we need to get the energy from works produced or where it is needed for it's to provide cleaner fuel for the next generation that will continue.
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just the presence of independent experts and government here in the u.s. and internationally tell us we're going to use oil and natural gas of the primary of energy in the world. not just at one decade but for decades. the critical question for policymakers is whether that energy should come from overseas or if it should come from the u.s. because of all the reasons i outlined it's clear we ought to do more here in the u.s. to produce more oil and gas and to provide the energy security for the american people. >> is up 200 billion-dollar profits number that president biden sent a couple college brought it up. is that accurate lesser children billion dollars in profits? >> i'm notga sure charlie felt industry with the profitsr wer. >> was a record year? >> certainly prices were at
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record high. some profits were high in the industry. it's important to recognize historically over the past three years our industry faces record low oil prices. was not mickey managing. of the pandemic with that is important to remember those companies employ tens of thousands of americans. and are responsible for providing over 11 million jobs throughout the u.s. economy. about 8% of the gross domestic products. a successful oil and gas industry here in the united states means more energy secure and we are improving our economy, our job creation.
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the things we ought to be champion. >> full line of calls for you, larry, florida independent about 10 minutes left go ahead. >> hi this is actually laurie. >> i'm not sure whether it wrote on my screen i apologize. >> that is fine. thank you very much since you start i love your program. in that aspect i love leasing special speech is one of my favorites invite roscoe bartlett. what they want to do this and want to learn about commemorate on generate 18th in 2007, okay? >> why that speech particularly? oil is a finite supply in these
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previous generations should have been saving out lot more but for our posterity. pivoting on your answers we have so many questions for you been going to get off here and let him answer. thanks jon. >> laurent was your specific question you wanted an answer? >> why jewett should drive everything out of our land as much oil as quickly as possible just like the boomers did? theyey do not pay attention to e speech but we are. my fee is not familiar needs to become familiar with this made in 1957. but theid baby boomers were not taught about everything gen x kids were. fixed not familiar with the speech the collar references for both respect to the question energy provides the modern lifestyle that we all need.
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it lifts people globally into the middle class. over the next 20 years we are willing to see populations around the world increased by 2 billion. were going to see the need forbo energy increase as economies go and move into the middle class. it is critically important for theer u.s., for our national security part four hour energy security. but more of the energy that is used globally comes from right here. we have the supply to be able to reap the demand. that is why every day we work u.s. oil and gas industry can continue to meet that demand while meeting the challenge of the emissions. >> had filled solar energy wind energy? we support all those forms of energy.
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we think we need diverse supply to be able to meet the growing demand. they benefit from the fact there low carbon emissions. student headed longer thing will take for theil renewables to supply as much american energy is your industryry does? you talking years,ng decades? >> that is a great question policymakers face. i think in the energy transition folks will try to accelerate about sources of energy we are talking about emissions. energy transmission should be when we transition away from the carbon emissions to eight flow and zero carbon emission future. tothat can certainly include oil and natural gas with technologies like carbon capture
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realization. next generation like hydrogen, biofuel, a wide portfolio. whole wide portfolio of available fuel that we have here in the united states but we continue to drive our economic growth and meet the challenge. >> how do you get zero carbon barrel of oil? >> you reduce emissions. so if you carbon capture utilization with respect to transportation, you can get cleaner fuels as we are investing in cleaner fuels and cleaner biofuels. you can increase energy efficiency is with denser café standards over the years. >> was a café matter? miles per hour gallon on automobiles. there are a whole host ang of ws and get more energy and less admission but ultimately that is the goal.
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want to do that at the lowest cost of the consumer pretty what to reliable energy we went to meet the challenge of reducing emissions in that energy. it's a harder to sector. look at the progress of our energy industry on the power side we made the most progress to reduce emissions over the last several years we've done that through greater use of naturalwh gas. calls about 40% of our fuel mix in 2005. now natural gas is about 40%. the result has been about 40% reduction in emissions in the power r sector. we continue that process and other areas of industrial uses and transportation. will still provide the energy that people need to make progress on both ends it. >> have long been in this line of work? how did you get in? >> i started on capitol hill. i work for the senate energy and
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natural resources committee for several years. and transition into the private sector in 2013. api since 2016 working on these policy issues. i had that done on both sides of the issue. i feel very strongly our industry supports the american way of life. energy is the backbone, theho foundation of our economy. if we are more secure if we have more energy here in the united states that is aes win for the american people. we too continually to that when he's put policies in place. >> your aunt cap and held that side of things, what did you think of folks like yourself coming to lobby for the industry? >> i welcome anyone to come to my office on the natural resources committee. to make their case. to make their case for why the
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industry they represented or the company that they represented ought to have the public policy in place that they were trying to advance. first of all the constitutional rights and government. also important because it informs policymakers of the industries they are regulating, that they are legislative or defined it with the priorities priorities are for that industry. certainly nothing there going to save the principal agreess with. or is going to try to advance with that open violence is important. it ultimately makes the legislation more better and more informed. ited is important to have shows like this on c-span and open committee process that the american people can see the debate. so the issues are aired. please to see a more open
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amendment process. >> in this congress? >> sure all the things are very important tog ultimately gettig better atpa legislation for.. >> of bolingbrook, illinois this is crystalline for democrats you're on with frank. >> good morning. ca you guys forgive me a call. colors aret of the talking about what biden did in the government. can you touch a little bit on the api is doing to drive the industry towards the future and the fact we also face things like climate change we need to house fossil fuel. it's kind of a double edged sword we need it at the same time we have these challenges. what are some the topab things i and you guys are doing to come from the other direction in
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respect to mitigating? >> yes thank you for the question. a couple of years ago we release we call the climate action frameworkil. five points or an industry initiative public policies that could be adopted to meet the climate challenge. they include promoting investments in technology and renovation for zero carbonou and missions and economy wide example of cleaner fuel sustainability reporting within the industry. these principles for the advancements that are industry can take. we also stood up at the api group called the environmental partnership with 100 producers about 70% of total production that came together to tackle the
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challenge of a methanei emissions. they have made significant progressai facing out devices. sharing best practices on how to reduce methane emissions. our industry is committed to addressing the challenge of climate change. whether it is investments in hydrogen, and low in zero carbon emission technologies, the next generation of fuel per that focus is really there across the industry. and at the same time the focus is provided affordable, reliable oil and natural gas that is needs right now. that is really the challenge there industry faces every day to address for. >> for twoco more phone calls. peter valley college new york republican good morning. yes good morning guys. he seems like a very nice man. i just wanted to say that first
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of all the price of oil is not set by the oil companies. it is a i world commodity a glol commodity the price is set by the market. and the pandemic as you said, the war in ukraine, all of that played a big role in the supply chain. it is true that president biden when he first came in he said i'm going to shut down the fossil fuel industry. that sent a very bad message to investors to state we are not going to invest in oil and gas because the government is not in favor of the industry prospering. the first thing president biden did when he came into office willt shutdown the keystone pipeline. now, when they pass the inflation reduction act senator manchin was promised by nancy pelosi and chuck schumer they
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were going to pay ae permitting bill. if you don't have the infrastructure to build the pipeline is useless. that is part of the problem. also, the thing that concerned me the most was we were going to have a shortage of natural gas in this country, a lot. they opened i believe one or two lng plants and industry got contract to liquefy that natural ship it out. because there were problems at the linkk notification plant because of the warm weather these supplies were sufficient for this year. my concern is that you are right about six years ago congress decided they were going to allow this to go on.
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my concern is that even though we're producing more natural gas now we are liquefying and shipping to europe and other countries. >> a lot there. >> thanks peter. i think to get to your last point about lng. we have more than enough natural gas here in the u.s. in the second largest bay in pennsylvania. more than enough natural gas to meet the domestic means that we have as well as to support our allies in europe and to provide two markets in asia through lng. the test for policymakers is to make sure we are celebrating the process for lng. so we continue the progress
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we've made in the revolution. they say wers have about one thd years worth of natural gas mtechnically recoverable with today's technology. we are committed to making sure we have a process that works to continue to provide energy. >> 's were to to the work of the american petroleum for senior vice president there. we appreciate your time, come again. >> thank you so much for. >> coming up next biden administration officials testify on capitol hill countering illicit functional trafficking. then a discussion on the viability of guaranteed basic income programs the coalition of county sufficed to implement them. later president biden's nominee to the irs commissioner testifies his confirmation hearing.
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