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All Treasury Secretary Jack -- -- -- some harsh words for Chinese officials at the fifth round of the US China strategic and economic talks today.
-- calling on China to ensure that the country is protecting US firms from government sponsored cyber intrusions.
So with that we welcome in the former democratic senator Byron Dorgan a North Dakota he's here with us in studio through talk about your book gridlock which is.
Perfect on this topic and before we get to the details.
Of that I want nasty political question -- -- going on now we go to the Chinese on this a cyber security.
In his quote unquote host Edwards -- world and he said it and -- He got it.
Stop spying on us we don't have as much credibility do it anymore.
Well there's a serious problem with China you know I mean it -- I understand your point that this -- an issue about.
Internet postings and telephone calls on him yet.
Mean Purdue we're doing this to protect our country so I understand what you mean on the from their point of view they're gonna -- I look at what you're doing like they do with currencies have development to do you know.
Having these set all -- this country still love them pretty open country you free and with a lot of liberty.
But with respect to China.
As you know there are serious problem registered your your description of Jack whose comments over there there is serious problems effect of intellectual property.
Chronic problems in that area we also know that there are serious problems with -- our security and cyber terror of Chinese.
Interest trying to.
They're not only do damage to our government but also do damage to private companies doing business in China right so within that -- Jack -- is absolutely right it's time for them to shape up.
Time but it was.
I mean what awards coming to get us how how many how many of these speeches -- -- from Jack Lew.
And the light out of Washington or in other locations and what I just want to know I think everybody wants to know when they when -- -- -- gonna happen when they get a stop at what's it gonna take what can we do is.
Rather than they -- you know there is bigger stick we should.
-- that's a -- -- for you to make -- -- I wrote a book about that the second book I wrote was called reckless but.
The first and the second book have chapters on China because.
That you know if you're involved in international commerce and you're dealing with.
Another country in which there's not respect for intellectual property.
Where they innovators and they they reverse engineer and steal property there's grass in grand theft of intellectual property so.
We have to continue to pressure them.
You know I say it is the case that we sit out with them year after year after year same problem same speeches.
And on currency manipulation and other things it is time for this country to be a bit tougher.
We understand that China some big trading partner of ours but it needs to be fair trade.
This question that cyber threat which we have -- -- to be done -- special wanted to demolish stories on it lately it's a huge business story to for comedies I can't.
What it did I mention it until we it is a huge business story as -- as one of the reasons we focus on -- so much you write this book.
Gridlock which I believe -- do more with the the Iranians and the Russians and the Chinese is that right in this book that's correct in the plot of the book but how.
Realistic is it in terms when you're researching the book to -- things that really scared you surprised you about what's happening in the real world to love them.
Good -- is about cyber terrorism potentially shutting down the American Electric Power grid all of this around us of courses from electric powers and all these lights it.
Television print and you -- that you know it it is the case that.
Just in recent months are major federal ages of Homeland Security FBI and others have warned about.
That the hackers and -- trying to find a way to.
A cause -- very serious problems of our systems if someone were to take down by the way -- federal government agency.
Just did a report that said hackers could very well -- the cyber terror threat to our electric power system.
Could shut off power for days weeks or months now well that would ruin America's economy caused massive problem to what happened to the book at -- -- -- did it cut I mean this is about Russians creating a virus stolen by the Iranians and used by hackers now they they've -- hackers to shut down America's electric power grid at.
This is a novel or a thriller and I think it's very interest thing.
And this country needs to be very concerned about these kinds of -- this is very real.
I did before we gather is just shift gears is -- -- because they're talking about north cut North Dakota -- -- in the break when you sat down.
In terms of what else this country can do to really beef up the production of oil and other.
Natural gas in this country I mean what do you think the administration needs to them.
What we're doing a lot I mean when it's the biggest oil play on the planet in the Bakken in North Dakota and what we're we're producing more oil more natural gas what we need to understand.
Is this is transformational.
This is unbelievably.
Good news for our country.
We're also gonna in my judgment in the view that that's environmentalists and absolutely and I -- was also the one that that offer the amendment in the senate energy committee to open up part of the eastern Gulf of Mexico.
We can produce more and should we also need to do more in renewable energy in the other areas but.
And no one should mistake that this this natural gas boom in oil boom is good news for this country in a lot of ways it'll make manufacturing less expensive mean there's just a lot of.
You gonna get -- with the Ronald sanctions between Marty saint -- -- -- more energy and and make us less dependent on the saudis and others as well.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And that Bakken area where they do realize OK -- a personal story about yet.
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