it is a petro state. bing prices, it has huge [indiscernible] happily blending party and states resources since the advantage. servants they will vote for the government or perhaps you won't have a job read you have the head of the armed forces telling people, hinting or sank explicitly, that you will vote for the government. these are very strong advantages for the government. the fact with all of that, they still so narrowly won. lot of venezuelans are unhappy and unhappy with the security, the fact that murder rates are out of control. they're not happy with the fact the economy is really quite dysfunctional. the fact there are shortages of many basic goods. the fact currency controls means it is difficult for new business to do anything. the fact inflation is so strong it means that daily life is quite difficult for people. venezuelans [indiscernible] they want good jobs and want to be safe. athink the vote we saw was sign many people are not happy there. >> we're going to take a break and come back to

. >> and the idea of not turning canada into a petro-state. i want to give you a last word. is there disappointment in the environmental community that the white house hasn't done more and been more aggressive? >> i think it's part of our job to see how much, how much progress we can make during this administration. the good news here is that over the last four years, we have actually made great progress in replacing coal, a little bit of gas and oil with clean energy. to the extent that solar, the price of solar has come down by 80% over the last five years. and the price of wind has dropped significantly at the same time. so in places like louisiana and places like north dakota, with this pipeline would go through, we're seeing clean energy coming in cheaper. than fossil fuels. so that offers a lot of promise for the work we need to do in the years ahead. >> a that hopeful note with have to be the last word. thank you so much to the sierra club's michael bruin. >>> a new week and that means it must be time to start using hillary clinton and 2016 in the same sentence. we wi

petro. a lot of people who own, watch you, talk about it, bought the stock, it was remarkable. where are we in terms of other countries, companies still coming into the united states. seems to have cooled as of late. >> there is a lot of interest, of course. and you read about it every day. strangely enough, politicly, more friendly for them here than in their own countries. >> pretty amazing when you think about it, because a lot of people feel washington is very anti business. >> i don't know about that. but it is pretty amazing when you think of it. >> okay. we have -- you just did a very big acquisition in a place we think is amazing, the backen where it's already -- the production per day up 40% from

petro. a lot of people who own, watch you, talk about it, bought the stock, it was remarkable. where are we in terms of other countries, companies still coming into the united statesave cooled as of late. >> there is a lot of interest, of course. and you read about it every day. strangely enough, politicly, more friendly for them here than in their own countries. >> pretty amazing when you think about it, because a lot of people feel washington is very anti business. >> i don't know about that. but it is pretty amazing when you think of it. >> okay. we have -- you just did a very big acquisition in a place we think is amazing, the backen where it's already -- the production per day up 40% from when we were there, and we were there a year-and-a-half ago. >> yes. >> how is it possible that so much oil is there, and why would anyone want to sell you a position in backen, given how you have done over the years? >> well, the oil is being produced through technology in advances in technology. and the companies that have that technology on board, those skills, they're going to get more out than the last guy. the people that we brought in are very smart, a family that's b