Trooper. Rosanna he basically said that he was not going anyway. A letter of adorable kittens. Last in a parking lot in brooklyn. All right. We are closer to a potentially brokered convention. It seemed like mayhem to begin with. We will bring someone in that as per spec their fondness. Greg the guy took care of business. These conventions are kind of wild disorganized. Could we really figure out to our president ial candidate is from one of these things for sure mark usually we know ahead not much improvising goes on at these things. I do not know. It could be a whole different story this year. Greg we have guys and smoky room. A couple of powerbrokers get together. They light up cigars. They figure out themselves. Rosanna i think they have been trying to do that since donald trump threw his hat in the race. [laughter] i do not think that they can pull it off this time around. He knows how dc operates. He will give us his perspective format this morning. Greg they called him to be. Ro
I also think more incentives to encourage annuitization makes sense. There is an area where economists are more divided than a new it is then annuities. Efficient way of allocating your retirement income. Almost no individual will willingly annuitize. Option of am the lump sum, they will take it and walk away. It is a human nature kind of thing. Annuity turns you from a millionaire to somebody getting income per year. I think tax incentives are something along those lines to an courage to encourage annuitization. It is a high hurdle to get over. Back to listen to the chairmans closing comments. Yes, you did. Few in the senate know that secure the issues have thank you all for testifying. Some members may have written questions for you if you would get answers in the next week to us via to us. I think the hearing was a success in many ways because the debate should be about the issue of achieving retirement security. Not budget issues the way that they are issues of how to debate on how
Million barrels a day of transportation fuels. We see that low point roughly around 2030, and that is about 12. 3 Million Barrels a day. Again, this is the reference case. Fuel efficiency rules begin to taper off around 2025 and policymakers decide to extend the fuel efficiency rules, we would see even lower numbers in there. We will run a side case on that this year, and that shows more of a decline than this plateau youre saying here. Gas,ed that shale were not seeing any punch a little. By 2040, we will be over 100 billion cubic feet her day. Per day of these productions of natural gas. These will roughly be half of the u. S. Natural gas reduction. This is a remarkable development. Haynesville, eagle ford, barnett about fayetteville, the big news is the marsalis orations in pennsylvania. It is now producing, estimated and are drilling productivity reports, this month and hit 13 billion cubic feet per day. In 2010 it was barely two bcf a day. So what is going on in terms of shale gas
Issues emerging in the fraud space. Wednesday in washington, we will have our fourth quarterly talking about these issues. Please see me if you are interested. To wrapt, we are going up. I would like to think our panel, it has been a wonderful discussion. [applause] to thank all of you, again, for coming to this event. Thank you to our underwriters at google. We will see you another time, goodbye. A, next washington journal, look at u. S. Trade policy and proposed trade agreements with the European Union and russia. Our guest is sanford reback. We will speak with former , andor Blanche Lincoln robert weissman. Airs liven journal every morning at seven eastern on cspan. A couple live events today on c span. The Senate Homeland Security Committee will hold a hearing on the Navy Yard Shooting and security at federal buildings at 10 30. 2 00, a Senate Foreign relations subcommittee looks at the violence in Central Africa republic. Today comesoing on down to two words they are not my two wo
Answered my question. You have even my response. It is recognizing this country, there are a number of risks we face. It is a large country. Part of the conversation we have to have is with the department of Homeland Security and the administration, lawmakers, the american public, we cannot mitigate every threat. It is understanding those that will have the most significant consequences and ensuring we have a conversation about how we go about mitigating them, that we have the resources, personnel, to go about doing that. Having the conversation that we have today and over the course of time are, i think, what is critical. You have already taken steps by moving away from sequestration. That will be helpful to us as well. I think recognizing we have to that we have to manage risk and that we cannot prevent every incident, and as long as we are adapting ashen general . Protective federal services is unique that we have both state,ugh local, federal, and civilian environments. We do that