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-- ten numbers that will make you quake in your business the price of oil right now -- -- 101 dollars a barrel near 102 dollars a barrel and the other kind of round number if you will that -- watching today would be the national debt which is right up against that fifteen.
Mark we're gonna have a party we get to fifteen trillion pretty close luckily we have Boone Pickens with -- to weigh in on all of this everything that matters to energy security and independents in this country.
He's of BP capital joins us live from the heart energy conference.
In Pittsburg Pennsylvania -- gradient a big hair gears are oil a 102.
Dollar -- go ahead.
Okay I'll want to comment about that fifteen trillion.
If you go back ten years.
And come forward we spent a trillion dollars with OPEC on -- -- If you go forward -- -- years at a hundred dollar all out you will -- two and a half trillion.
That's we can't even afford it but -- can you imagine.
What we're facing if we don't get some leadership.
And get something done here.
In the -- that we haven't had an energy policy in this country for how many decades.
Has it been thirty years has have been well.
Up forty years why would you think we're gonna have one in the next thirty or four -- Well look at what's your face yes -- we've never had an energy policy.
And in forty years.
Never OK now if you go forward and Nat and our energy secretary Steven -- He talks about fixing a problem in thirty years.
Fixing a problem in thirty years is insane.
That would be seventy years no energy policy forty plus thirty.
We can fix a problem in five years if you had leadership that would step up how do you fix it.
You have resource is an America that can solve the problem use our resource is and quit buying all from the enemy.
When we're buying all from OPEC which is about five million barrels today.
When you're buying that you are paying for -- all but you're also paying for the other side of the war in Afghanistan and Iraq.
-- clearly talking about natural gas its plan -- -- and even more so today.
With that fracking then the new technology and these shale development.
But then you are still behind though there's some bipartisan legislation front of congress that is all about.
Government incentives and government subsidies.
To expand the use of natural gas.
And it would looking at that debt clock -- we even afford.
Several billion dollars to -- about the use of a fuel.
That we should be -- in any way just because it makes economic sense.
Well but you you had to bail later this year security in the senate.
Borer and read.
In the senate yesterday that as a pay for it.
That is no subsidy for anybody.
So that's the bill you wanna pass that will incentivized.
Natural gas to be used for transportation field.
But don't forget the oil industry in United States we are now above five point seven million barrel today.
Which is higher than we've been in -- -- years.
On all production and so are all industry has been a great job force today there's more jobs here.
Than any other place you look I'm in Pennsylvania -- -- in Pittsburgh.
They're sit -- in the middle.
-- side of the city of Pittsburg.
In the Marcellus Shale.
So you know there are opportunities here this governor.
Tom Corbett is balance these books and he's going forty has a lot of jobs I was in Williamsport Pennsylvania.
-- 2000 people there to hear me talk about energy why because there in the ability energy.
Industry right now sorry but although a lot of our problems can be.
-- Let me ask you about government -- could you're talking about government solutions let me talk about government hurdles and road blocks.
You look at the keystone XL pipeline you look at the rules that they EPA is going to be putting in place for hydraulic fracking.
Is that a bigger concern than what governments doing right for you.
Well -- if you like it they keystone XL pipeline.
That almost makes you laugh because they're talking about putting a pipeline across Nebraska.
That's no problem -- in -- all go all of our quote for which each day is from Midland Texas to South Dakota border.
But there -- over fifty pipelines across Nebraska already.
So what's a big concern.
I don't know that that we have to have that pipeline.
Because if they -- -- doesn't come to us from Canada -- all will go from Canada to China.
So sit around and let it get away from him.
No I'm not gonna do that.
One last thing and then 100 -- -- dollars for a barrel oil.
Is that justified.
Well look at the global prize today that's -- -- -- itself for a -- fifteen.
So the United States has the cheapest energy today of any place in a world.
Natural gas is four dollars here it's eighteen dollars in the mideast and thirteen dollars in Europe.
Okay cheapest natural gas the world cheapest all in -- world honored and do and compared to a 150.
It's great to talk to -- has always next time happier right here person with me being well and terrific and -- back.
Thank you thank you take.
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