what the potential in europe to receive lng? there are 22 lng facilities with total capacity of 6.7 trillion cubic feet and another terminal with an additional capacity of 1 trillion per year. but the import fell almost half from last year and this year. current prices are just too high to use as a result of the other countries. as a result, lng facilities are barely operating. however, this can be changed. last week, the vice president -- we are learned the hard way that protecting the sovereignty of a nati nation's defense. baltic states are working to overcome energy island situations. i am pleased to tell you in 250 more days, lithuanain will have their own vessels and it has been named independence and its goal is to satisfy the need. our neighboring countries could use the terminal capacity to meet their needs. first our terminal and large scale lng in the baltic sea is the ice breaker for the region to insure we stay in the market. the majority of your exports are subject to a public interest review. we understand the pre

i believe that is lng exports. look at what a would happen to russia's revenues if two things happened. a policy,m is, however it is phrased in law, it committed the u.s. not to put it -- a cap on lng exports. we must not cut off shale gas through ham-handed regulation or giving into groundless fears. and encourage production. but with that, we could see russia's exports dropping by up to 5 trillion cubic feet per year. that is what would happen if beat the prices of competitive producers. not, they will have to sell at lower prices. that adds up to somewhere between a 40% and 60% loss in russia, forues for the u.s. entering the lng market aggressively. i think that is a punishment that would mean something. >> i will come back to the minister at the end and let this group go first. >> thank you, madam chair and members of the committee, for this opportunity to be here today. i also speak on my own behalf, and not for bookings. in my own behalf, not from brookings. the dramatic growth in the united states of natura

michael smith, freeport lng. energy expert dan yergin. author of the quest.ood evening, gentlemen. dan, the problem i have with this story, i think a lot of people, and i know mr. smith will be on the right side of this, want to do -- want to help, want america to put this shale boom to use. but it takes so darn long. let me ask you two things. is there anything we can do now that might shake up putin's whatever it is, master plan, takeover crimea, rebuild the russian empire? how do you see it strategically? >> first let me say it's great to be on tonight and its the's been great to be on all these years with you so i'm glad that back here in the month ever march with you. >> thank you. >> people have a notion that we can turn on the faucet and the lng will flow. first contracting contract that i believe will go to europe won't be until september 2018. but what we do have is the reality of this unconventional revolution demonstrates that it has foreign policy implications, we wouldn't see for instance iran at the negotiating table were it not for it. but i th

er of lm -- energy supplier of lng into the ukraine. by making it easier to support lng, this amendment would allow increased energy security among u.s. allies, help reduce their need to pressure oil and gas from countries such as russia and iran. as the international relations emergency unfolds, it's clear that a exports to ukraine and other nato allies further both the public interest and national security for the united states. it would allow us to our newfound abundance of natural gas to help nations diversify their energy imbolters in order to break -- imimportants in order to break russian dominance over them. >> mr. chairman? mr. chairman? >> yes, senator corker. >> i want to thank senator barrasso for his efforts if that regard, and he's been way before crisis out there on this issue. i have a second-degree amendment that i believe would bring this amendment more fully in line with wto issues which i am afraid that the base amendment bumps up against. and i also know there are some complexities. i know we had a discussion the ot

i believe that the export of lng is something that we should be doing as a country. we somehow have to shake up the doe process that's going on right now because it is, in my opinion, going too slowly. there are several bills that have been introduced. senator barrasso, as you know my cousin and our colleague, mark udall, has introduced a bill that would expedite approval of exports to all wto countries from existing or future export facilities. i support this effort. the volume of our exports will be determined by the price of gas and the costs of facilities. and the gas will likely go where there's the most need. and there's a strong interest, i think, in eastern europe given russia's aggressive economic behavior. last summer i joined a bipartisan letter with both democrats and republicans to support further lng exports, and i understand there's also a bipartisan op to decision to this -- opposition to this policy. but what the letter said -- and these are both democrats and republicans saying this and it's even more true to today -- the world is hungry for u.s. na

i think we should approve an lng on the east coast to go to europe. we should approve the keystone pipeline. >> one of the best ways to do it franally is to let the europeans know that we are going to expoint tlonk europe. >> think about what the situation would be if more u.s. oil were out in that global market. >> the one thing that gives russia leverage on their neighbors is the amount of natural gas and oil that they produce and sell to their neighbors. >> even if you ignore the fact that republicans are just taking their pre-existing fossil fuels agenda and using ukraine to advance it, there's a huge problem with the argument they're making. russia's fossil fuel dominance didn't work. russian troops aren't in ukraine because putin succeeded in buying off ukraine. they're there because he failed. when the ukrainian president kowtowed to putin, the ukrainian people took over and kicked him out because it turns out that basing your geopolitical influence on a corrupt fossil fuels industry does not produce good political and economic results. but tha

they are all out there and want lng exports. they want to frac more.e how they can possibly win this battle this year. it's not even conceivable. >> president obama has simply not said anything on keystone and that's how he's gotten out of that mess. you can't do that on natural gas. maybe not in terms of the ukraine but they are out there saying we want you to ban fracking. he can't come out and do that. and so then the stage is now set, if he comes out and supports his candidates running on the election, they may turn against him. >> look, fracking has created 1.5 million jobs, a day or a week or whatever lng is creating the same blue collar jobs and the same high salaries and this is to say it's a repeat at fracking except it's more. so how can democrats turn away from a jobs story? they blew it initially and now they want to get on board the lng story. how can democrats not be for that? that's a big part of the base against this and then you have the unions. and a lot of democrats were promoting it for environmental reasons, too, because the truth

he is interested in lng, liquified natural gas.e natural gas we have, all the research applied to liquified, finding cheaper ways to liquify it and changing laws that would allows to export that lng. is that a trend you think we should should be thinking how to invest in right now? >> that is a trend we've been focused on quite some time, primarily the globalization of natural gas as an energy source, going back to eight or seven years ago, natural gas was a stranded commodity, often flared at the wellhead as they produced oil. in the united states, we have abundance of resources as far as natural gas which most people have not even, the most significant thing about the united states natural gas production is that it has been up 21% since 2008. at that point in time we have stopped really focusing on finding natural gas. we only have 345 rigs drilling right now specifically for natural gas and over 1400 for oil. what that is demonstrating to a lost industries, giving them confidence to start to contemplate using lng as a fuel sourc

oil companies is the only one with real and big lng exposure. >>you also think that chevron and exxon are deeply diversified companies so they can be in your view a better play. >>right. i think investors really need to analyze and assess and reassess their energy portfolios. there's been a lot of moves in the second and third tier companies in u.s. production which is great but there's actually a glut of u.s. production. alternatively there's been a little bit of a disatisfaction with the big projects of exxon and chevron internationally but given what's going on overseas in europe that's going to pay off especially for chevron which has a $50 billion lng project in australia. it's gonna start increasing their production over the next couple years. more actually than exxon which is mired a little bit in a big project with russiawhich of course creates some uncertainty there. >>good to talk to you matt. you have some good insights into these things. thanks so much. >>thanks bill. you are now set for the business day ahead. tomorrow morning...wal

how can freeport lng in particular gain market share in europe?an on bringing it to asia which is the highest priced market. i can tell you just yesterday, i had one of the senior executives from gdx suez who is a large company from paris say to me that we may be the market of last resort but the gas that we send to asia will force the gas over to europe and that will force the gas out of europe that they don't need toç pipe gas fm russia. it's all intertwined. whatever the u.s. produces and hopefully, this first wave of gas coming from the united states could displace that gas coming from russia. >> how soon do you think that could happen? >> the plant will be up in '16, '17 but all four or five should be up and operating fully by 2020. >> that sounds good. all that means for the consumer and for prices that we pay? >> we don't see this changing the consumer hardly at all because there is so much gas in the united states, we have large fields in the united states. we are not even drilling because we have so much gas and prices are so low. >> tha

, and help ukraine accept that lng and, neil, that would do three things. one, help free ukraine from economic blackmail from russia. two it would strike putin where it really hurts, which is in the wallet. he has effectively petro tyrant relying on the energy to fund his military aggression. three, it would generate jobs and economic growth here at home. it's a win-win, but unfortunately the obama administration, at least to date, has still blocked them. >> i talked to transcanada's ceo on fox business report, and one thing at the told me, we're putting ourselves on the receiving end of these putin taunts because we're not finishing that pipeline. this is from the transcanada guy that runs key stone. >> energy security is extremely important geopolitical matter and certainly keystone was a corner stone of trying to build that here in north america. >> what he is saying is the more oil we have, the more natural gas, the more free we for ship it to europe in case putin threatens that he will stop shipping it to them. the more leverage we have do you agree wi

by the way the reason the president doesn't want to build lng terminals. is the same reason he doesn't want to build pipelines. they don't like fossil fuels, melissa. it comes down to that he is much more likely to listen to the environmental defend fund than unions and other people that want their jobs. melissa: we got to go. steve moore, you're great. >>> up next you might say this is the year of the activist investor. if so is next year setting up to be the year of the activist investor backlash? charlie gasparino sticking around for this "money talker." >>> a huge vote to split off from its country. i'm not talking about ukraine. wait until you hear what is happening in venice, italy. more mon any coming up. -- "money." (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) me

transporting lng to europe is so intensely unprofitable. it looks like it should be profitable, and it might be right now, but the chances of the expense that you're going to take on to try and build these export plans, and then finally get to a market state seven or eight years down the road -- >> yes. >> -- where it works and you can make this money back over the course of time, nobody wants to do this. in fact, we had a major oil company, apache, run way from a british columbia lng plant because it's not profitable and not going to be. it's not anywhere -- there's no way, shape or form you're going to get a major oil company to commit to making a long-term plan for lng fuel. >> here's the key and irony i want to highlight. what you're saying are these great friends of the free market, right, the rand pauls of the world and every republican politician you can find, democrats, too, there are democrats doing this as well. saying this is a solution. we need to ship our frack gas to europe. these are the policymakers. you're saying the market

one additional permit for lng export terminal.e the oil expert, but how many nat gas -- how many lng terminals could we, should we be building in this country? >> we've probably got enough that are coming online, being built. i think there was one in oregon that was just permitted within the last few days. but the fact is, the message needs to be clear that we will -- when you look at canada, when you look at the united states and mexico, mexico is going to come on and be a major energy player, and sooner rather than later. >> even private investment. >> absolutely. mexico is going to be a very interesting place. there's going to be a lot of investment going on in mexico. i think the future of mexico is very bright. the north american region may have more oil and gas and energy resources than the whole of the middle east. so using that diplomatically is very important. and i think the president is missing an opportunity. open up the xl pipeline. send the message to the federal lands to be opened up to allow for the exploration, sa

lng gas to europe are equally wrong. lng exports are not, are not a political game.t of the matter is, ukraine doesn't even have an lng terminal to take our gas even if we wanted to ship it there. you have a lot of political rhetoric around these energy implications arising from ukraine crisis but all a bunch of malarkey. sandra: first of all, the idea wouldn't be to ship liquified natural gas to ukraine. it would be to ship it to europe which gets their gas from russia through the pipelines that go through ukraine. that being said, i want to ask you, dave greenburg, with oil at $102 an barrel, i know you're an energy bear. how do you feel about where these prices are today? >> i'm always a bear on energy because i always felt they're a little high due to the electronic nature of the market however we've been in a very tight range. i'm seeing 95 to 110 unless we have, world peace is never going to breakout overnight. you will never have to worry about coming in $20 lower but i think there is lot more risk to the upside. if you look at large trader report, the spec en

ask our friends in the ukraine if they would rather be buying lng, and i have three in my backyard or in my district. ask them if they would rather be buying gas from america or the russian -- as judge called him. i think that answer is pretty straightforward. we cannot, in my opinion, ignore the fact that this is a national security controversy, if we want to use my colleague's words from california. but that it is an important one that needs to be had. and had we drilled in the anwar 15 plus years ago, we would be in a lot better shape. the world would be a safer place. so the question i pose, ten years from now, are we still going to be saying, oh, we've got this brewing controversy about drill for lng and natural gas and expord it to other countries? it means jobs for us. it means a balance of trade for us. it means national security for us. and i would argue it means international security around the world so that the kinds of things that we saw putin do to ukraine and cutting off their energy supply cannot be done. now, i'm going to switch gears to part "b." when you have a crim

happening now is i think you mentioned at the break, david, 25 export terminals are in the pipeline for lngt they're being held up. if we fast track them, wow, you could see a total ripple effect around the world of who's in power. >> particularly, bill, when you look at a map of ukraine and you see it just criss-cross with all these gas pipe lines, europe is far more advanced in terms of these gas pipe lines than we are in the united states. this could really change the deal tremendously. >> i'm all in favor of helping the european friends and hurting putin, but i think there's a big problem. you think that any kind of export terminal is going to be developed in the next couple of years, even during putin's lifetime, we're talking about a nimby problem. not in my back yard. if the neighbors don't want one of these big ugly terminals, it doesn't happen. >> i have to admit, bill has a point here. the fact is that these terminals may be a little risky. natural gas does have a tendency to explode. >> a little problem. >> there is that. >> none of us want that to happen unless it explodes by th

exporting lng as a means of promoting global stability which is exactly what would happen with respecttern europe. >> what about china? when you look at countries that buy from russia china is right up there. it is europe and china. is china going to say do what you want in crimea? we don't care. >> they are concerned deep in what is happening in crimea. you don't talk about referendums without china going ballistic. it provides an opening for the united states maybe to up our game a little bit with the chinese on regional diplomacy. >> that is a really interesting point. >>> record breaking ice bringing america's great lakes to a stand still tonight. that is tonight's number, 93%, how much of lake michigan is covered in ice at this moment. the last time a lake was this frozen was 1977. take a look at these satellite images from the past couple of weeks. ted rollens went out to see it and show it to you on a coast guard ice breaker. he is outfront. >> reporter: on board coast guard cutter mobile bay on the first day of what they call the breakout. commander john stone and a crew of 20

the ukraine doesn't have the infrastructure for lng. they obviously don't have the resources to build the infrastructure for lng. turkey, that controls the bosporus straight has said they are notey going to let lng go through it of their concerns for security. so the bottom line is that is not about helping the ukraine today. maybe if all of those issues, infrastructure, the resources to build it, getting turkey on board, if all of that can be done, maybe in the future that's part of a further longer term solution but it ison not about right now. what was about right now was the loan bear tease. it was the -- guaranties. about the sanctions and volusia shuns and those in the -- russians and that we i will be subject to real consequences by virtue of corrupting the ukraine an ad undermining its territoril integrity. and then lastly having the long term ability through the imf to achieve the goals of stablizing the ukraine economically and also preparing for the next emergency. that's what was at stake tonight. now we'll get there. but wh

they say we need to limit the natural gas, or lng. >> we would be in a closer position to tell othersus way, we're in a game and we'll play for keeps. >> as president, he approved only one gas export terminal. and it wouldn't be ready until next year. >> is it true or untrue, jack, that the president could stand up today and say europe, we're going to give you as much energy as you can take but because these lng plants have not been built there is not much that can be done about it immediately. >> well, john, the important thing is the signal, those terminals that we would like to have approved by the department of energy and the regulatory agency, if we send a signal that we would bring the resources on line for the benefit of our allies, it would give putin pause. >> reporter: as it happens, vladimir putin is bringing the energy industry some unusual allies. >> i think we need to help them get out of the strategic box in the long run by exporting american natural gas to europe. and also helping the europeans develop their own shale resources. >> reporter: democrat paul bledsoe worke

but we don't have a port on the east coast capable of exporting lng.ot to do is build a lng liquefied natural gas port on the east coast that would take to build it probably three years. so the earliest we could begin sending liquefied natural gas over to europe is in three or four years. and that's going to -- putin hopefully will be long gone by three or four years. it's a ludicrous suggestion to say that's going to solve the current problem. >> you know, krystal, we heard the gop's favorite attack line over the weekend at cpac at their conservative conference, that the president -- president obama is a lawless tyrant. listen. >> the president's absolute and utter disregard for the constitution, well, there is simply no reason to trust him to enforce the law on the books. >> shine the boot that would stomp on our neck, working the statist agenda of obama. >> our leaders pick and choose the thrace want to enforce. >> the beliefs, needs, and wants of others are forced on us by government. >> as we live under the imperial president, his highness barack

lng, cng, long haul trucks?consumption up here in the united states? >> well, one thing that's happened, you know, i think is that this light, tight sweet curve that's being brought on today with horizontal drilling, basically it's given us what we need and that is premium grade of sweet, low sulfur crude that makes a diesel, all those things that we wasn't getting from the power stands. so it's a very clean energy. that's what a lot of the conservation is going into. >> do you think we'll see a lot of the long haul trucks, fedex, u.p.s., converting to lng in the near future? >> you know, i don't. the cost of conversion is so much, you know, the cost comes down at the pump about 20% on diesel. so, you know, it never pays. and it's all about economics. >> and at what point does that change? >> when does it change? >> does it have to change in order for this to really take off? >> well, for natural gas maybe, you know, as far as crude oil supplies, we're bringing on a lot of crude oil for a very long time. >> we'v

i think we will get lng kinds of things. a lot of things are going to be changing over the next couple of years that yes, the answer -- i think it's really an exciting time. but speaking of exciting times, i have to change the subject for one second. i'm sorry. i've known this guy for 35 years. every time he changes something, he's been here for 12 years doing stuff, it's really exciting. i am so excited for the next part of his life. >> yay. >> larry, you're the happy warrior for freedom. >> absolutely. >> all right. mike holland, thank you very much. michelle caruso-cabrera's going to rejoin us very soon. steve forbes is hanging out. he's going to talk to me about getting this economy to really run strong. i mean really run strong. all right. nine years in this program, how to get the economy going. i've never had this five or six or seven percent growth. one last time, i will say it, one last time this evening, the kudlow credo. free market capitalism is the best path to prosperity. emphasis on freedom. i'm larry kudlow.

supply lines, diversecation of source and using the availability of gas in the united states through lngport to europe. all these things we need to do -- and they send a message that we need to send, which is over the long term, we're going to reduce puntin's leverage on europe and we're going to have the means then to sanction him in a way that is not going to be such an adverse impact on europe and hopefully that will serve to deter this kind of action in the future. >> last one, ambassador mcfaul, a lot of conservatives have been blaming president obama saying he wasn't prepared for this, he hasn't been a strong leader and so forth and so on. to me, right now, vladimir putin is the enemy, not president obama. so that's just my simple way of looking at life. but i know you've been an influential adviser on russia. do you believe, sir,ç that the so-called russian reset in retrospect was a good idea? >> yes. and not because anybody was trying to make friends with vladimir putin or not. it was about pursuing american national interests. were we better off to have sanctions against iran?

lng is a huge business right now for everybody and once we straighten out our infrastructure we can get western canadian natural gas. there's plenty of that. >> canada, too. thanks, john. appreciate it. >>> i call it the most pro free market capitalist entertainment program on tv. we're just a few minutes away from "shark tank" tuesday here on cnbc. one of the sharks, barbara corcoran, is about to join us live. first, let's look at one of the pitches barbara and the other sharks will look at tonight. you'll find out how she reacted to it when we come back. >> fastest growing water sport in the world is something that each of you could master in about 20 minutes. it's called standup paddle boarding. bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to k

liquefied gas production plant will be built because learn about the hypocritical in schools with an lng plant will be built in because little by reaching an ingenious national liquefied gas. i think more plants will be built in kazakh stand in the future. it was that the family. the best. at the base of the class for the production of sturgeon announced construction of large fish fry will begin investing has been found to invest his own funds in the development of experimental industrial projects as the sun with the minister of environmental protection the ira during his visit to the factory this in person the other two projects in kazakhstan which aims to develop a new direction fish farming. its realli a station began six years ago by the scientific and technological holding a sign on the bases of the west has extended upto university scientists have developed another tube system of intensive cultivation of sturgeon in artificial conditions. it allows together to sixty five tons of commercial stitching and eighty tons of content here in europe. also i knew a two million stage and feel

gas production plant will be built because learn about the typical vehicles with his goals include an lng plant will be built because the battery shane allen james nash or liquefied gas. i think more plants will be built in kazakh stand in the future it to us that the only. the best. the base of the plan for the protection of sturgeon in the ice construction of large fish fry will begin in destin has been found who invests his own funds in the development of experimental industrial projects as the sun by the minister of environmental protection that allowed the fire. during his visit to the factory this is a person of the super gt has extent which aims to develop a new direction fish farming its italian station began six years ago when a scientific and technological holding a sign on the bases of the west has its own agricultural university scientists have developed another tube system of intensive cultivation of sturgeon in artificial conditions. it allows together to sixty five tons of commercials searching and eating tons of pleated here in the year. he also annually to the stage and f

that, if we told europe, we are going to green light the languishing permit applications for exporting lng, natural gas to europe that could do a lot to send signals that we're intent on loosening russia's grip on its energy to europe that we're going to be reliable ally to loosen their grip they get their money from petrol. if we could compromise that by developing american energy, creating jobs here, lowering prices, that would be a huge step in the right direction. we're going to move on that in the house i think the president would have a grit opportunity, change tunes, resets, smart sanctions, energy. >> rose: let me move to cpac you were one of the speakers you said needs to be a bigger debate it's taking place. whatever happens to bipartisanship in foreign policy? >> well, we used to have it. when we had truman democrats, kennedy democrats, president kennedy democrats we had pi partisan foreign policy. this is not that kind of an administration. this is a far more progressive administration that i think is uncomfortable with america's super power responsibilities and status. and so

but i don't think that a country like the ukraine that does not have a single lng import terminal is going to be affected in the short or medium term by whether we export natural gas. i don't think we're-while technically we could export petroleum we will be importing far more petroleum than we export for many years to come. so there is a brewing controversy on whether we should drill, baby, drill, and export some oil and maybe more natural gas. i'm hoping that our focus today will be on things that affect the ukraine in the short and medium term and i yield back. >> just to recognize myself for a minute, i very much agree with the gentleman from california on his point for all ukrainians to contemplate this issue of national reconciliation. it is at this time that ukrainians in the east, the south, the west, all really need to figure out how to send a message that all ukrainians are welcome regardless of language, regardless of ethnicity. on, however, the issue of gas, we have already seen hungary and poland. we've seen the ability, the use of a gas lines, that exist in eastern euro

i guess the answer is export lng produces as much energy as you can. of course ukrainians are dependent on russian gas. >> with all politics being local, president putin's actions, it does seem it is geared towards his domestic constituency. this vladimir putin care more about being loved at home that international condemnation? think he cares about the fact that his popularity went up 10 points last week. he cared about the domestic popularity, particularly since the economy was declining. 1.3% growth rate predicted for this year. at least they can feel proud that russia is once again a great country and has taken over part of ukraine. he doesn't care about that more than the condemnation of the outside world. >> we have about a minute left. there seems to be two schools of thought here. removal of victory and a co-, the democratically elected president of ukraine, was illegal. russia's military incursions into crimea and parts of ukraine were also illegal. where are we in terms of international dialogue? >> there was a revolution in the ukraine. i do

it is getting warmer here and is an to lng there abundance of gas in western europe that theoretically could be cindy still though that would be a first. iople seem to be adjusting, do not know if you could call it the new normal. thousands of people going to independence square to pay their respects to the dozens of people that were gunned down, shot dead 15 days ago. one and a don't for you. across there we came is app. lizard.and wizard it teaches children forgiveness. all people inr ukraine. threat to cut off gas escalates the crisis for washington. peter cook has the latest on the u.s. response. how worried is the white house by these latest developments? >> this is another step up in the escalation. the spokesman telling reporters there is no indication there is much of a risk of a natural gas shortage in ukraine. they have a lot in storage. europe could sense him toward ukraine. the white house is not thrilled with this latest development. russia prides itself on being a source of gas around the world. it might not want to undermine that. of that -- exercises that were planned a

to export lng, which we can do. and i think there's a good arguement to be made, is it time for the united states to reconsider whether we have this ban on exports of crews -- crude oil, whether to lift that. this is a very good way to push back against the russians. this is not hostile. this it is not provocative. this is just the united states making smart economic decisions to allow to us export energy to global markets so that we can draw more revenue in the united states and if that just happens to push the prices of energy down, oil goes down and gas problem is a bit less revenue, that's the way the market works. so i think this would be something worth doing. and it may be also that this is something that may be happening in any case in term of europe which get as quartser of its natural gas from russia. they have already been the victims twice of disputes between ukraine and russia. in 2006 and then again in 2009, when the contract expired, russia basically, after negotiating for several days, said we have n

they know that if they can stop a technology, then they can stop us from exporting lng.alize is the harm that it would do to nations like ukraine. we can expand our production and get that to them. even pressure for them to rely on this. for the first time in our lifetime, we have the opportunity to be energy secure and energy dependent. there are a group of people. stuart: congressman, gardner, thank you for being with us. two nicole. the price of gold bullion moving lower. it takes some mining shares with it. nicole: we got the jobs report in. they came in better than expected. we watched it gold soared earlier this week. dumont mining down. golf corporation down 2.6%. taking a breather on this safe haven of a stock. in the meantime, we saw the s&p hit a record. we have some heavy volume. record highs today. gold off the highs from yesterday. stuart: thank you, nicole. we hear you. the dow industrial is up 24 points. it is friday. we are not think that much movement on the stock market. viral videos. the new ways to advertise. look at nascar champion tony stuart. he wa

russian gas is not traded by lng. it is mainly traded by pipeline.edutes at the eu market. russia can't simply very swiftly decide to redirect it supply to asia for example. can on the other hand substitute russian gas. for power generation, we could switch back from gas to coal, to nuclear, renewables. we could try to get more lng from nigeria. we could try to import more gas from norway, algeria. there is potential for more imports from these countries. has muche that russia more to lose by cutting off supplies to europe than europe would suffer from such an eventual scenario. >> you paint a picture of something that is easy to achieve. is it really so easy for europe to switch supplies in terms of gas? at what price? what of course -- >> of course it will not be easy, especially on the short-term. some eu member states located on the eastern part of the eu are very much dependent on russian gas supplies. bulgaria, the baltics, finland, sweden, all of their gas comes from russia. the baltics are particularly vulnerable because they are not connecte

catr and others from europe, many building receiving stations to take that lng now. >> clearly the immediateve destabilization of the ukrainian economy. maybe they underestimated the amount of the aid that was propping up and ukraine could also ab factor. no? >> it's a big factor. ukraine is going to be destabilized economically as a result of this no matter what. even if putin decides to let go of crimea, pull out, owes billions to russia for natural gas. so if the european and united states step in, essentially subs diesing russian natural gas. it's exported to ukraine at a price far in excess of what we pay in the united states and well above any economic costs. pure gravy, russia exported to ukraine. >> general, little rock, arkansas, always a pressure. we thank you. we'll be right back. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is

they may be willing to do lng,l. but we have many, many steps to get there.to embrace a robust, full on u.s. energy program at this juncture. what is it going to take, bill, for them to do that? this is our best option. reagan deputy straighted you need a strong economy. that broke the back of the soviet union. president obama has done the opposite. he embraced a weakened united states economy and now he's weakening our defense posture. he can make an announcement we are going to build missile defense in polled and the czech republic. bill: that was dismissed during the early days of the first term. here is george will. i'll show you a fox poll right after that. >> they really believe the world changed when we turned into the 21st century, they didn't notice the first thing that happened in the 21st century was an act of war in downtown manhattan and the back up. -- manhattan and the pentagon. they think war is out of date. bill: 52% of people in the latest hole think america is weaker and less powerful. 52%, a clear majority. >> that's what i hear from peopl

host: that is referring to the natural gas, lng. guest: lng, they don't need a manhattan project. technology to move natural gas already exists. we don't have to reinvent that. the issue is whether it will be allowed by issuing the permits to export it from the united states and how long the construction will take. the construction will take a couple of years. then if it goes to the ukraine or wherever in europe, they have to have the ability d to thene- liquefy and use it. ofural gas is the cleanest the fossil fuels. this is a clean fuel. alreadyaine and europe are using wind and solar may be as much as the united states. they need to have the diversity just like we need to but natural gas has to be part of it. it is plentiful and the infrastructure already exists and you just cannot shut down the infrastructure and say we are not going to use natural gas when that is was heating most of the homes. host: let's go back to the gm issue -- are you worried about the safety of gm vehicles today? guest: personally, i would drive a gm vehicle today but if it's a cobalt or the saturn, i

and you get them also on lng, if you can wean russians off, it can be done in a few years.ean them off russian gas, it will be a complete change in the calculations of the russians and get them joining in -- >> just to put this to a fine point. we said that the surveillance aircraft, the awacs are going to fly poland and romania nato missions, but they're mostly u.s. planes, they are u.s. planes fleeing out of tinker air force base in oklahoma. while the 2015 budget proposes to cut the awacs fleet from 25%, from 31 aircraft to 24. all seven of the planes for elimination fly out of tinker air force base in oklahoma. that just puts a fine point on why the defense budget means something in the bigger picture. >> we can say definitively, there's zero chance he's going to rewrite the defense budget. it would be great if he did, but he's not going to. he's already going to have to eat crow. his assessment of putin was clearly wrong. what i find interesting is the administration is persisting in using the same assessment of putin. they're still talking about putin seeking an off-r

>> there's over $30 billion in already approved and proposed lng facilities for lake charles alone.e're talking about thousands of construction jobs, great permanent jobs. look, i think it's great. i think we'll stimulate more exploration work in the hanesville shale area. in west louisiana we'll have more than enough natural gas for the petrochemical company. what's interesting, for years we used to export fertilizer out of this country, now natural gas prices we're seeing fertilizer plants reopen. you're seeing companies like nucor, i think the shale revolution has not only lowered energy prices, it's bringing good-paying manufacturing jobs back to america and that's something that benefits -- i don't care if you live in texas, north dakota, louisiana, if you're in the midwest you should care about this. these good paying blue-collar manufacturing jobs. >> something you and i -- i've heard you speak many times and i know we're very much in agreement. right now it seems like that situation in our country there's a big cohort that doesn't like fossil fuels so what we do is we allow