okay, if not thank you all for joining us for this panel and i will invite tim chapman up for some closing remarks. >> thankthank you, panelists, for a great discussion. [applause] >> next congresscongress man tom price, the new budget committee chair, he outlines the budget priorities for this year and his hopes for reducing the debt. debt. from the heritage foundation, conservative policy summit, this is one hour 10 minutes. [applause] >> all right, look at that. okay, thank you, everybody, for sitting tight and waiting. all right here we go. congressman price assumes the budget chairmanship at a very important time in our nation's history. as we all know the country has enormous challenges right now. the house budget committee is at the forefront of addressing all of these challenges. the distance to the chairmanship with big shoes to fill confront with the congressman paul ryan has been a very effective advocate for reform. in his tenure as chairman he ended his orion roadmap which became a national conversation about where we go in the future by that element reform tax reform, have re

i want to thank tim chapman and nick lloris and heritage action for america for inviting me to participatein this. i think it's very valuable to give so many of our solid conservative members of congress a forum to talk about policy. and representative duncan is a very conservative member. he's very solid. and as someone from the rural west, the federal land state area, i always get kind of worried when someone gets on the natural resources committee, a conservative who isn't from the west. because he doesn't always get all these issues. but he gets them. he's a great member of the natural resources committee. we have a competitive advantage in this country. we have huge amounts of energy. coal, oil, natural gas. we have over 200 years of coal. we now have over 100 years of natural gas. and nobody really knows how much oil we have, because, as congressman duncan said, our offshore areas have not been explored. there is a prohibition on exploring the offshore areas that are not open to oil and gas production. so we're the only country in the world that doesn't know what its oil resources ar

i want to thank tim chapman and nick loris and heritage action for america for inviting me to participate in this. i think it's important to give so many solid conservative members of congress. senator duncan is very conservative, solid. someone from the rural west, federal land state area, i get worried when someone gets on the national resources committee someone from the west because he doesn't always get all these issues. but he gets them. he's a great member of the natural resources committee. we have a competitive advantage in this country. coal, oil, natural gas. we have over 200 years of coal. we now have over 100 years of natural gas and nobody really knows how much oil we have because as congressman duncan said, our offshore areas have not been explored. now, the fracing revolution, the shale, oil and gas revolution is due not to government but to the market. we have a very invadetive competitive market. that is what has created that revolution. our competitive disadvantage here is the regulatory state and all of these special interest handouts. favoritism toward some. we have i

i'm tim chapman, the chief operating officer for heritage action for america and i'll be your emcee over next couple of days and very much look forward to it. in five minutes tom price will be talking about what he's working on in the budget committee and we'll get that going in a few minutes. thanks. >>> again we're live here at the heritage foundation at the start of the two-day policy summits. speakers later today is ted cruz but we'll start with who we are expecting next. we expect to hear from congressman tom price of georgia, a republican from georgia. and around 3:00 congressman jeff duncan from south carolina. and then we will hear from texas republican senator ted cruz. he'll be around 4:00 p.m. and expected to go until 4:30 eastern. our coverage of the summit will end right after 5:00. they will take a break between 4:55 and 5:00 and then we will transition over to the house rules committee and they will take up regulation as the house works to make changes to the dod frank regulations. all of that coming up here on the networks and here on cspan3. [ applause ] >> all right loo

and i'll invite tim chapman up for some closing thoughts. >> thank you panelists. great discussion. [ applause ] >> all right. we've reached the end of our conference and it's been a wonderful conference. i thank you all for attending. i want to say thanks to our security team, thanks to our events team, thanks to all of the folks at heritage action and heritage who have worked on this. it's been great. thank to our sentinels, many of our sentinels who made the drive to washington. thank you. good stuff. this has been very exciting. i want to rattle off a couple of numbers for you. we had 20 members of congress here that you with able to interact with. 24 policy experts from the heritage foundation 400 people attend here in person in the auditorium. we've had so far more than 2,000 stories on the wires on the news wires covering this event. we've had 30,000 online viewers on our live stream which has doubled our viewers of 17,000 from last year's event. and we've had 3 million repressions so far on the #optforall. our message is getting out there. we're excited abo