marty durbin is c.e.o. of america's natural gas alliance, an industry trade group.he joins us now, thank you for being here. >> happy to be here. >> so i think a lot of americans think we have this glut, this enormous supply right now of natural gas but we're finding out it's more complicated than that. >> it actually is true. we do have an he nor house supply of natural gas. what we're seeing happen now is, this is obviously a severe weather event as we've been hearing about. and so the prices will move. when we have these events. you know, the last two winters were very mild. we saw prices down around $2.50. so while we are having some isolated issues of infrastructure, both policy and financing issues around pipelines and what have you, bottom line is the supply is there. >> woodruff: well, if the supply is there than what is happening. we mentioned three states in the midwest. what are the infrastructure in the pipeline issue problems. >> well, let me be clear first in the transcanada pipeline issue. the concern about anybody will have to be in the cold right no

marty durbin we all know well. we hated to see him leave the api. paul connors, the trade commissioner of the canadian embassy. last and certainly not least, area russell who has up the independent petroleum association of america. let us give all of these vip's a round of applause. [applause] thank you all for being here. as we reflect on this time of year, with the holidays behind us, we reflect on the past but we also look clearly to the future. this time when the year is just beginning reminds us that our future is ultimately of our own design. the same holds true for our nation. our generation will decide if america continues its march towards global energy leadership and perhaps once in a generation opportunity or if it were main content to play only a supporting role on the global energy market place. we can arrange what for decades has been one of america's greatest economic vulnerabilities -- our dependence on energy sources from other continents, particularly from less stable and less friendly nations. and fundamentally alter the geopoliti

marty durbin we all know well. we hated to see him leave the api.paul connors, the trade commissioner of the canadian and the sea -- canadian embassy. last and certainly not lead -- not least, area russell who has up the independent petroleum association of america. as give all of these vip's around of applause. -- let us give all of these round ofound -- a applause. [applause] thank you all for being here. as we reflect on this time of year, with the holidays behind butwe reflect on the past we also look clearly to the future. this time when the year is just beginning reminds us that our future is ultimately of our own design. for our holds true nation. our generation will decide if america continues its march towards global energy leadership and perhaps once in a generation opportunity or if it were main content to play only a supporting role on the global energy market place. we can arrange what for decades has been one of america's greatest economic vulnerabilities -- our dependence on energy sources from other continents, particularly from less

marty durbin we all know well. we hated to see him leave the a.p.i. paul connors the trade commissioner of the canadian ray emery. amy luz, the vice president for the congressional hispanic caucus. and bob russell who heads up the independent petroleum association of america. let's give all these distinguished v.i.p.'s a round of applause. thank you for joining us today. there are many others as i look around the room. thank you for being here. as we reflect on the past year, many of us at this time in our lives, most all of us as we look ahead to the new year with the holidays behind us, we reflect on the past, but we also look clearly to the future. this time, while the year is just beginning reminds us that our future is ultimately of our own design. the same holds true for our nation. our generation will decide if america continues it's march towards global energy leadership, a perhaps once in a generation opportunity, or if we will remain content to play only a supporting role on the global energy marketplace. a su energy marketplace. we can eras