and the number one culprit of course is opec. but the real culprit in terms of manufacturing is china. >> greta: in terms of our economic situation which of course is devastating many americans. there's the question of whether or not if we are in such a poor economic situation whether or not we lose our moral authority or ability to have great world influence. we become a lesser country in that way in terms of influence. is that an important issue or not? >> i think it is an important issue. we are a lesser country. we are not respected. our leader is not a respected man throughout the world. we have a great military. getting weaker all the time. we want to defund our military. everybody talks about cutting military. we need our military more than we've ever needed it. you look at what is going on in the world today. everybody wants to cut military. we shouldn't be cutting military we should be making our military stronger. we've got to spend money on rebuying our country. we can continue with afghanistan, building the -- buildin

opec says the u.s. summer driving season was weaker than expected, and that the economies of many industrialized nations are slowing. opec produces a third of the world's oil supply. south wist airlines faces a 1.1 million fine over faulty repairs and kppings over 44 plains. the federal aviation administration says a contractor for the company failed to fully expect the planes for metal fat agency and did not properly install pieces that hold the aircraft skin in place. back in airport you will recall a hole was ripped open in the roof of a boeing 737 operated by southwest. the plane had to make an emergency landing. thank three all 118 people on board were okay. >> suzanne: in tonight's commentary, what's better-- a growth- or macro-focused economy? with the answer, and an explanation, here's tim kane, senior research fellow at the kauffman foundation. >> washington's economic policy debate is stuck, not in partisan gridlock, but in the wrong economics textbook. the talk is almost exclusively about mac

does a number on us and we have nobody that knows how to talk to opec.ry easy. >> greta: what happened with the stimulus in 2009? was it not a good idea, no follow through why did the stimulus bill that the president pushed and embraced has been so ineffective? >> people weren't ready. there was nothing to dig because it takes a long time in this country to get permits even if your government -- if you want to build something in this country it takes years and years. you have to go through sometimes an environmental -- just i do it. i have to go through it. and environmental criteria that make it almost impossible to go quickly, let alone go at all. in some cases you can't build. they weren't ready in terms of the projects. probably most of the projects and many of the projects were wrong. >> greta: is that something the building industry and something that the president's advisers should have known in february '09 or was there expectation they could bypass that and do other projects that would rev up the economy? >> somebody like me would know it becaus

more than fellow opec members algeria, an goe la and ecuador combined. the industry may have been behind conflict in the past. but one country is bringing africans together to change the operating environment. we sat down with the ceo. >> in the downstream where -- in the midstream where there's gas, gas distributors were to revoke pipeline cities in several cities in nigeria. we have drills on behalf of major. we have plans like as clans, it's all arranged just think downstream, midstream, upstream. >> you're the only nigerian-owned company doing this of this size? >> well, yes. we're the only one who does everything. we're the largest by far. we're the only one in all parts of the industry. >> you're the poster boy, essentially, for the future of nigerian petroleum? >> i think there's a recognition, also the fact that they're being built. running with -- able attract investors across the globe. based in africa and trading for and on behalf of the continent is a new phenomenon. >> as commodity prices rise and the globe fueling africa makes people optimi

to then intervene and break opec. >> here's what fascinates me the most about u.s.t. the majority of the hijackers work for saudi arabia. the money that was in the hijacking operation, at least in part, if not entirely, saudi arabian. the intelligence activities immediately following 9/11 and the 9/11 commission goes out of its way to withhold a 28-page section from the 9/11 commission that was -- is still being withheld by president obama. we can't get the 28 pages on saudi arabia. and yet, the source of the terrorists, the source of the funding, the source of the hostility towards my friends and neighbors in lower manhattan and our nation as a whole is the one that is sold to me as an american as my ally in the middle east. >> that's right. and the obama administration last year sealed a $60 billion arms deal with the saudis. >> so we buy their oil, they get the money, then we want the money back, so we manufacture a bunch of with weapons so they can take the money, buy the guns, and point them at their own people, who have no freedoms. >> that's right. and in eff

to watch if it goes below eighty dollars rushes in trouble but at the moment we see chinese growth opec discipline and the small margin of spare capacity is reason to be relatively bullish on the oil price now taking everything into account events were heading so as another financial crisis i think financial crises kind of happen unexpectedly and we've seen this one coming a long way off we all know that. government stepped in when banks failed and markets crashed in two thousand and eight and increased their debt in order to support growth and now we have problems with sovereign debt but we've all seen it coming and as a consequence i think minor financial markets are prepared for it so i think it won't be a crash i think it may be more slide and it'll be slow and protracted and painful . but so i don't think will be an event that triggers some kind of dramatic turnaround was rehired with a lehmann brothers bankruptcy for instance the europeans that have a substantial amount of greek debt they're well known to governments know about it and so in the event of a greek default event there

critical is the oil regime right now if we have the main player one of the major players in our pick like opec say they will support in oil price at a certain price prices first we should say it's a mug's game trying to predict or price of cornelius were brought out in ninety eight when oil went to ten dollars how he said there's no like a correction it's i mean bear in mind i think it was only in two thousand and six the russian budget broke even at twenty five dollars per barrel and today it's one hundred twenty dollars that's a massive change. thing with the saudis i mean the talking about something eighty to one hundred dollars they need to break even but you know the russians they're taking a bet they're saying we've got this a revenue and we're going to invest heavily in the country because we need infrastructure we need factories we need and we have the money at the moment because there were prices are high and that all of this stuff will bring growth and . bring some sort of momentum to the country's economy so that when oil prices do they actually go down and the time before the progr

walker's cyclists and joggers are out the police are stopping some people at various junctures between opec and fullerton because of the conditions at no. avenue beach i'm judy wang >>a man was killed early this morning after crashing in s u v onto a west side building chicago police said 42 year-old tyron saunders slammed into the building around 2:00 a.m. on rain slick streets near madison and laramie the gmc yukon wound up on its side after hitting the building which housed a church. tyron saunders was taken to mount sinai hospital where he was pronounced dead. the cause of the accident is under investigation. >>fire destroys for school buses in unincorporated elgin. the elementary school buses were in a parking lot on nessler road near the prairie view grade school. those flames broke out around 4:00 this morning in or extend your short and 45 minutes. investigators say that it certainly appears to be a case of arson but they're still trying to find out for sure nobody got injured. >>the a addition scandal at the university of illinois turns into a legal fight over the privacy rights of

every time the country starts getting a little more solid, opec raises the price of fuel and price ofudden we go off and nobody knows why. but every single time a good report comes out, they raise the price of oil. and it is disgraceful. we discussed that. he is a believe. and i think we just agree on certain very important issuees. >> was there anything you disagreed with him on? >> i don't want to comment on that. but certainly we agreed on a lot of things. and i just think it is extremely important for the right candidate. i mean, if the right candidate doesn't comes along, somebody else is going to come along. i think it is very important that right candidate go against president obama and wins. this election is vital. >> did he ask for your advice, donald? >> well, i don't want to put it that way. but certainly we threw out ideas that i think both of us either agreed on or certainly are subject to agree on. we had a great talk. >> here is a question that has come up. there were a lot of camera crews as you can imagine waiting outside of trump tower. they wanted to get a picture o

the quite interesting, the collective firm, the ebrd, the imf, the world bank and the opec fund, takingthe region for stability. the final point here, this is completely tied to political and economic reforms. they'll be writing checks i should say over the next three years but it is completely linked to hurdles along the way for political and economic reforms as they go through and also as elections take place. >> it's interesting you mention elections. because there's a lot of uncertainty, of course, around elections. these more than certainly recent history. so i wonder if in these times of uncertainty that money will be able to replace lost money which is not going in because investors aren't confident? >> you know, there's two sides to this. the public money you're referring to, we have two interim governments in place in tunisia and egypt. it's fair to say in both those countries we've had a private sector investment strike. i sat down with the egyptian finance minister, the interim minister. he said this is not a surprise that investors at least right now, are station on the side

i am very, very strong on the notion that we can never be great unless we do something with opec. we can never have that great economy. every time it gets good they suck the blood out of us by raising oil prices. nobody does a thing about it. i don't think we even make a phone call. we don't call them, talk to them, or meet with them. they do whatever they want. they wouldn't be there except for us. the other is china. what they're doing to us is just unbelievable how they're getting away with murder, and i must tell you that governor romney very much agrees with me on those points, and i mean, very strongly agrees with me. so do some of the other candidates. i think maybe governor romney is the strongest on that, although as you know, i met with governor perry and he also feels that we're a whipping post for the rest of the world. i just think it's very important because if they don't understand that, greta, i would have just no interest in supporting anybody. i understand what's going wrong with this country. you know, even with the republican debates, the disappointing thing is

it is common sense, china, india, opec, what they are doing in terms of energy how they are laughing at us, the they are making. their streets are paved in gold and ours are paved with potholes. absolutely insane what going on with this country. our leadership is absolutely horrible. it has to be changed. if it is not changed correctly, i've told you before this is the most important election that this country has ever had, other than you know a couple of biggies. lincoln, washington, let's leave a few out this is truly one of the very, very critical elections. if we don't get it right. if we put the wrong candidates up and the wrong person wins, it is going to be potentially ruin news for our country, in my opinion. -- >> greta: are you satisfied to be a power broker on the side talking to people and influencing them or -- or would you rather be in the arena? >> i think whatever it takes to get fixed properly. first of all, i love what i'm doing. i'm doing great jobs, working out great. i would say this, my company has never, ever been anywhere near the level that it is at now. even

if we could get away from the fossil fuel, the air would be cleaner and we'd be lest reliant on opec and a brand new industry would create millions of green jobs. even folks in the oil business would want it, as they say in texas. problem is it doesn't exist on a mass level and the obama administration has wasted billions of dollars of trying to create green jobs. we've reporting on this solyndra scandal whereby a solar company in california received $527 million in federal loans and now has gone bankrupt. but here's something even worse, the department of energy reporting that nearly $20 billion in loan guarantees have been extended to a variety of green companies. total permanent job creation -- wait for it. 3,545. that averages out to more than $5 million for every new permanent green job. unbelievable. in reply, the obama administration says thousands of temporary jobs have been created and defends the loans. >> we never thought and the department of energy never thought that every investment would succeed. but that is not a reason to simply throw up your hands and say never mind

let's free ourselves from opec's grasped by ending our addiction to foreign oil.et's expand free-trade for american products and exports. with the quip the american worker with the tools to compete. -- let equip the american worker with the tools to compete. if we could do that, i would not bet against the united states of america. we will rise again. we will proclaim that it means something to our people and those who we compete against. let me share what else would guide my actions as president. i believe in the second amendment with a name like huntsman you have no choice. i believe in improving health care at the markets and not mandates. i believe that after 10 years and half a trillion dollars spent, it is not time to bring our brave men and women home from afghanistan. we are going to need something left behind to gather intelligence and provide special forces capability. we do not need nation-building. they suggest merely need to be built themselves. it will not rest until we rebuild our core. when our military is over extended. we risk being unable to aid

instead of sending $129 billion a year to opec countries who often use that to pay al qaeda and tall bab and hurt our soldiers. we also need clean energy. we can go a number of directions with the clean energy. in areas where you can use solar or wind do it, natural gas, use it. but with regard to this, often times the rules an regulations take so much time that many times banks don't want to invest in some of these areas with where they're going to build the power plants. i believe we should be build manager and the new technology is far, far safer, such as the ap-1000. you need passive systems to take care of things. what's happened in japan with the tsunami and other places are things that the nuclear industry is looking at. the n.r.c. and others are looking into those things and assuring public safety but it is a matter of china is advancing on their technology, they're building these things and i think because of the risk and the years it takes to comply with federal regulations, to have the federal government say, we'll guarantee some loans, but again it isn't just the loan pro

of the things that the president is talking about with just offshore production to saudi arabia and opec in general, lower american production and cost american jobs. it's a really poorly thought out idea. now there's some things >> what about the profits? wait a minute. what about the profits in oil and gas? let's not act like people in the oil and gas business to take care of the working class in your district or anybody else's district. >> they are in business to provide jobs but any company is in business to make money, but the reality is the money they make they reinvest in exploration production right here at home so i think it's a mistake. having said that, there's some things i agree with the president on, his willingness to accept free trade deals is admirable. we ought to act on that immediately. again, we can do payroll tax cuts. remember, they are always going to be temporary. sooner or later have you to pay for social security. we're willing to look at some of those and certainly some of the infrastructure proposals, though i think frankly turning the congress into the schoo

us talk here about the future, about young people, about this planet, about backing up the oil from opec so we can tell them we don't need their oil anymore than we need their sand. that's what this debate is about tonight. and under the guise with these congress dial tears of how much they care -- crocodile tears of how much they care about the victims, as though it's any greater than on our side, they use it as the guise to kill these programs. that's what it's all about tonight. that's why we're angry. that's what this is all about. and we resent -- i yield to the gentleman from washington state. mr. dicks: isn't it true that these alternative energy programs all create jobs? i yield him one additional minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. dicks: don't they create jobs, these alternative energy programs? so instead of just having the automobile program that creates jobs cut by $1.5 billion, now they're taking $100 million out of another program that creates jobs for the american people. so this is a double header. mr. markey: yeah. they could

to free ourselves from opec's grasp and create american jobs, we must and our addiction to foreign oil. every year, america's sense more than $300 billion overseas for oil. this is unsustainable. up need to expand and open o new sources of domestic energy, improving our global competitiveness. thank you. [applause] we must start by expediting the approval process for saves, environmentally sound projects, including oil and gas reserves in the gulf of mexico and alaska and appropriate federal lands, along with supporting the keystone pipeline project along with canada. we must eliminate subsidies and regulations that discourage domestic energy sources such as natural gas, biofuels, and liquids. the united states has more natural gas and saudi arabia has oil, yet the obama administration just issued fuel economy regulations that effectively barnes heavy-duty from converging into natural gas. we can and must begin producing more energy right here at home. thank you. fifth, as a former diplomat, a trade official, a governor, and business executives, i witnessed firsthand the tremendous opp

opec raised money when mr.ter was president, and so they are manipulating the market like any monopoly does. in the 1970's we were concerned that we were importing 40% of oil, and now is over 60%. they will continue to manipulate the market. the united states has to say enough is enough. we have abundant supplies of oil and natural gas. how do we start using our own? guest: why can the industry do it on its own? why did they need taxpayer money? guest: there is a conversion and is needed for that. it is similar to what the government did with hybrid vehicles, only that was 60,000 vehicles and not enough to make a difference. at this point it is not competitive, but if you have a police vehicle, everything from buses to truck deliveries -- delivery trucks and garbage trucks, you can make investments and really reduce the amount of oil that we bring from other countries like saudi arabia. the idea was to create incentives and that builds enough of our infrastructure for that. a lot of fuel stations do not have na

this is 35 years ago this month, the ford administration initiated a secret plan to break opec from thell street. >> and some of the back-room deals that perhaps we haven't heard about before, what angle do you take and what access do you have to the information? >> i use declassified documents from the ford administration era, particularly the papers of general scocroft. >> really? >> yeah, interviewed him, secretary of defense. and this is a time when the officials are ready to talk about what happened 35 years ago. so we are looking at two efforts to influence presidential elections, 1972 with nixon. 1976 with ford by deshar played a role in trying to help republican candidates. we're looking at -- especially manipulating oil prices to help the u.s. economy stave off a double dip recession in the fall of 1976. and we have had a situation 35 years ago where bank of america, citibank, chase manhattan and morgan were in danger of debt default contagion coming in from southern europe. portugal, greece, spain and italy. >> are we talking today or -- >> '76. >> what year are we in? >> 1976

so at some point, and i painfully remember the 70s when opec turned off this bigot. i don't think we want to get ourselves in that situation again and by the way we are only importing one third of our crude in the 70s and now we are importing close to 60 to 65%. it is just the opposite. so when we talk about, when we talk about studies and who is right and who is wrong, mr. karpinski you alluded to the fact that the study you alluded to us by the oil industry. if you are talking a about a hyperbole you made a statement in her opening statement that we are about to destroy this place. nobody is talking about destroying anwr and any stretch of imagination. in fact mr. rex rhodes said i think he lives up there for goodness sakes and if anybody should know he would be the one. so with that mr. rexford you had to i guess shorten your oral statement and let me give you an opportunity, a minute or so, you wouldn't mind, to say what you think would be the benefits to your community up there in kaktovik. >> i appreciate the opportunity again mr. chairman. the benefits that i

, a very large group of people, martha, as you know, who feel this country is just being ripped by opecna and so many other countries, and you know, a lot of the problems that we have aren't from within. they're from without. they're from outside of the country. we don't make good deals. we don't -- every country that we do business with, whether it's colombia, which is going to make $4 billion this year, or china, at $350 billion takes our jobs, i mean, and i represent a large group of people, a very large -- many millions of people, and people i think want an endorsement, and it's early for an endorsement, but i'm very honored that they feel that way. we have to do something to save this country, because the world is just eating us alive. martha: if somebody asked you to have a role in an administration, as vice president or cabinet member, is that something you'd like to do? >> it's not something i see for myself. i love what i'm doing and that's one of the reasons i was leading the polls when i got out, i was leading the polls, and you know, frankly, i love what i'm doing. i really

and two, it is so that we can tell the opec ministers we don't need your oil anymore -- any more than we need your sand. so what are they doing here today? they're taking the one program that is central to the health and well being of our country and to our national security so we alter our relationship with opec and they are slashing it. they are slashing the one program that reinvents the vehicles that we drive. they're slashing the one program that gives young people in our country some hope that we are going to invent our way out of this problem. and so, it's no -- you don't have to be dick tracey to figure out what's going on here. the oil industry, the coal industry, all the polluting industries are saying, kill the program that makes sure that the vehicles we get in 20 years get 75 or 100 miles per gallon without using one gallon of oil. vote no. -- vote no on this terrible bill. the speaker pro tempore: the gentleman from kentucky. mr. rogers: i yield two minutes to the distinguished chair of the legislative branch appropriations subcommittee, the gentleman from florida, mr. c

and tw it is so that we can tell the opec ministers we don't need your oil anymore -- any more than we need your sand. so what are they doing here today? they're taking the one program that is central to the health and well being of our country and to our national security so we alter our relationship with opec and they are slashing it. they are slashing the one program that reinvents the vehicles that we drive. they're slashing the one program that gives young people in our country some hope at we are going to invent our way out of this problem. and so, it's no -- you don't have to be dick tracey to figure out what's going on here. the oil industry, the coal industry, all the polting industries are saying, kill the program that makesure that the vehicles we get in 20 years get 75 or 100 miles per gallon without using one gallon of oil. vote no. -- vote no on this terrible bill. the speaker pro tempore: the gentleman from kentucky. mr. rogers: i yield two minutes to the distinguished chair of the legislative branch appropriations subcommittee, the gentleman from florida, mr. crenshaw.

would help or hurt our efforts to reduce dependence on foreign oil and back up that which we take from opec and fund those country's governments? >> efforts to make as more dependent on gasoline heard our nation's energy independence. >> cumulatively what are the benefits of cleaning up particular matter? does that help or hurt our efforts to battle cancer and the impact on the health of people in our country? >> particulate matter is the cause of premature death. doesn't make you sick. it is directly call to dying sooner than you could. the impact of delaying efforts, cost-effective efforts to address particular matter are more people dying sooner than they should. >> how do you compared to the fight against cancer? >> if we could reduce particular matter to healthy levels it would be like finding a cure for cancer. >> say that one more time. >> if we could read this particular matter to levels that are healthy we would have an identical impact to finding a cure for cancer. >> that is a pretty good cumulative impact. >> we know how to do that. >> republicans are proposing to delay and weak

would hurt or help our efforts to reduce our dependence on foreign oil and back out those we take from opec and funds those countries' governments? >> i think efforts to make a smart dependent on gasoline are our energy independence. >> what are the benefits are cleaning up particular matter? -- particulate matter? >> particulate matter causes premature death. it does not make you sick. it is directly causal to stop -- to dying sooner than you should. the impact of delaying cost- effective efforts to address particulate matter are more people dying in our nation. >> how does it compare to the fight against cancer? >> if we could reduce particulate matter to help the levels, it would have the same impact as i did a cure for cancer in our country. >> could you say that one more time? >> if we could reduce particulate matter to levels that are healthy, it would have the identical impact to have finding -- identical impact to finding a cure for cancer. the difference is we know how to do that. >> republicans are also proposing to delay standards regarding mercury, benzene, and led from industri

pickens who addresses crusade to reduce the nation's dependence on opec, which he regards as a threat to the u.s. economy and national security. >> asked him both for money. we could use it. >> our tradition here for every guest speaker come at us are truly took away saint thank you is to present you with a traditional npc coffee mug. thank you very much. [applause] and our final question of the day. that is the talk about his kent brockman were here with us today, how would he have reported on your speech? >> since instar ignores that most people want to hear about. details at 11:00. [applause] >> thank you all for coming today. i like to thank national press club staff, including the library and broadcast center for helping to organize today's event. here's a reminder you can find more information on our website. if you'd like to get a copy of today's program, check it out at www.press.org. thank you and we are adjourned. [applause] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> this week on "the communicators," to critics of president obama's propo

so at some point, and i painfully remember in the 70s when opec turned off this big it. i don't think we want to get ourselves in that situation again and by the way we are importing one third of our crude in the 70s and now we are importing 60 to mr. karpinski you alluded to the fact that the study that you alluded to us by the oil industry. if you are talking about hyperbole you made a statement in your opening statement that we are about to destroy this place. nobody is talking about destroying and anwr and any stretch of the imagination. like mr. fenton or mr. rex rhodes said he lives there for goodness sake and if anybody should know he would be the one. with that mr. rexford you have had to shorten your or your -- oral statements. >> i appreciate the opportunity mr. chairman. the benefits i want to elaborate more about it, that we all know the infrastructure and prudhoe prudhoe bay is depreciating. the oil that is going through the pipeline is getting less and less. when the north slope borough was formed in 1972, our founding father was very creative when he was i

actions help our hurt the efforts to reduce the dependence on foreign oil and take out what we take from opec and funds the country's governments? >> efforts to make us more dependent on gasoline hurt our nation's energy independence, sir. >> cumulatively, what are the benefits of cleaning up particlat matter? does that help or hurt our efforts to battle cancer, to battle the impact that it has upon the health of people in our country? >> particlat matter causes premature death. it doesn't make you sick. you die sooner than you should. impacts of delaying cost effective efforts to address matter are more people dying sooner than they should. >> compare it to the fight against cancer. >> if we could reduce matter to healthy levels, it would have the same impact as finding a cure for cancer in our country. >> can you say that one more time. >> yes, sir. if we could reduce matter to levels that are healthy, we would have an identical impact to finding a cure for cancer. >> that's a good impact. >> the difference is we know how to do that. >> the republicans are also proposing to delay and weaken

fourth, to free ourselves from opec's grasp and create american jobs. we must and our heroin-like an addiction to foreign oil. every year, america since more than $300 billion overseas for oil. this is an unsustainable, and it largely is in route to in friendly regimes. we need to expand and open up new sources of domestic energy, thus lowering costs to businesses and improving our overall global competitiveness. [applause] thank you. we must start by expected -- in expediting the approval process for safe environmentally sound products, including our oil and gas reserves in the gulf of mexico and alaska and appropriate federal lands, along with supporting the keys to the -- keystone pipeline project in cooperation with canada. we must eliminate subsidies and regulations that discourage domestic energy sources, such as natural gas, biofuels, and liquids. here's one example. the u.s. has more natural gas than saudi arabia has oil. yet the obama administration just issued fuel economy regulations that effectively bar heavy duty trucks from converting to n

let's free ourselves from opec by ending our heroin-like addiction to foreign oil.plause] free trade and open more markets for american products and exports. let's equiped the american worker with the tools to compete. ladies and gentlemen, if we do that, i would not bet against the united states of america. we will rise again and we will proudly proclaim that made in america means something to our people and those we compete against. let me share what else would guide my actions as president. i believe in the second amendment, with a name like mine, you have no choice. [applause] i believe in improving health care through markets and not mandates. i believe that after 10 years, 1800 lives lost, and half a trillion lives spent, it is time to bring our men and women home from afghanistan. [applause] of course we will need something to gather intelligence left behind and training. but we do not need 100,000 troops nation-building when this nation needs to be built its self. -- itself. we will not rest until we build our economy. we risk of being unable to aid our alli

to free ourselves from opec's grasp and create american jobs, we must and our addiction to foreign oil. every year, america's sense more than $300 billion overseas for oil. this is unsustainable. up need to expand and open o new sources of domestic energy, improving our global competitiveness. thank you. [applause] we must start by expediting the approval process for saves, environmentally sound projects, including oil and gas reserves in the gulf of mexico and alaska and appropriate federal lands, along with supporting the keystone pipeline project along with canada. we must eliminate subsidies and regulations that discourage domestic energy sources such as natural gas, biofuels, and liquids. the united states has more natural gas and saudi arabia has oil, yet the obama administration just issued fuel economy regulations that effectively barnes heavy-duty from converging into natural gas. we can and must begin producing more energy right here at home. thank you. fifth, as a former diplomat, a trade official, a governor, and business executives, i witnessed firsthand the tremendous opp