7:15
Cooper McKim: So before we get into carbon capture, I wanted to start with the year 2008. When you were Governor, and [coal production began its decline in the Powder River Basin], do you remember that year as being significant? And as that marking something that was bigger than just a momentary drop?
Dave Freudenthal: Well, the reality is you could see the effects both in Wyoming and nationwide of the results of horizontal drilling and fracking. And you could figure out that natural gas was going to be a fairly intense competitor for coal because, at the end of the day, utilities are agnostic about fuel source, they really aren't attached to one fuel source or another, they're attached to the cheapest capacity for generating electricity. The second thing is that obviously, the Bush administration had chosen to support production tax credit for renewables. And what was clear is that they were not going to provide the same kind of incentives for the burning of coal and fossil fuels. So I didn't view it as some start year, that it was really more the evolution of the way the energy sector was undergoing a transformation.