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Oil Pricing & Info Services Director Ben Brockwell on efforts to achieve energy independence.
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Now -- -- discuss the impact the governor's plan through.
Make America energy independent by the end of this decade has been Rockwell director of data for -- oil pricing and information services good to have you with.
-- -- -- -- -- -- But let's start with the idea.
Our energy.
Independent is it by the end of this decade I can't say how many experts have said no no one should ever talked in terms of energy in -- well -- We know in this country have been talking about energy independence -- forty years.
And every presidential administration sort of set those goals but it's good news is absolutely it's possible there's -- -- to target date.
If it's it's it's it's -- and it's in line I think part of more 20/20 five -- certainly in the decade of of of the points of a lot of important changes going on.
Governor Romney has certainly put some good policies -- a lot is gonna depend upon the next administration and their approach to policy making.
But absolutely.
Energy independence this country is on target.
To get to become energy independent with the right Paulson is -- The right approach and governor Romney to his credit I was impressed that he said.
North America.
Which are immediately -- watch the production -- Canada and Mexico.
-- which is already a substantial part of our.
Substantial source of our our crude oil.
Over the next three years inside that 20/20.
Target -- if you combined the potential growth.
With US crude production going to be with Canada's can be over fourteen million barrels -- -- approved.
That's a lot in this going to be well.
On -- way to.
Didn't engine -- to reduce import from the Middle East which would be a good thing.
A very good thing indeed.
If it would -- actually so planting an Organization of Petroleum Exporting Countries OPEC.
-- of some -- them with the North American producing countries.
Which is a pretty strong three.
Maybe not a cartel but pretty powerful in Canada Mexico and the United States right absolutely would be great North American cartel -- -- -- of powerful powerful combination there's no question about that.
And is as we look at what is happening right now we've got a trial.
We've got -- refineries haven't slowed down in the midwest we're -- gas prices rising a lot of people restaurant you're very nervous there's almost watching.
In international war in larger organizations about.
Tapping into reserves -- -- this administration.
Apparently considering -- is that wise or fallen well I think that's a short term.
Solution I -- I do think that in next month to six weeks we will fees lower gasoline prices.
I'm not -- -- lower by the end of the year but.
Which we get rid of the summer grade yesterday which is a more complex molecule.
Tends to be expensive we already look at if you look at forward market prices are talking about a from all of Inger ardent opponent who could well well -- I'm not just talking about I'm I'm just tell you about these videos summer grade lower east peace blends thought required action Baltimore expensive kind of guessing and that goes away.
As of September 15 so we should see a price drop simply because of just in time for election but -- -- -- -- -- -- -- -- -- higher prices -- -- -- in the -- the been -- -- swing states -- -- -- -- -- Interest in phenomenon because we look at the map and we -- like Ohio and Pennsylvania and some of the swing states where there.
But the guessing what's took on the most that energy independence gonna sound good there about whether or -- they could achieve that that type of election.
Our -- we appreciate.
