directly. achieve our goal of preventing iran from ever getting a nuclear weapon. bret: iran, stepping up his sentra fusions alice of the strada. meanwhile, france is trying to get iran to buy and buy essentially bind them out. let s get in our panel. okay, mark, what about this. mark: what s happening is this. the fact is, iran has a lot of leverage over europe, because iran coming europe trades with iran. we do not. europe is dependent. thanks to the fracking revolution, we are not dependent on them. they have a lot more leverage on the french and the europeans. as i going to work?
america. are you sure you don t want a ministry of love or peace. [laughter] , not a great start. let s bring in elizabeth warren. she has a green investment thing, she can explain it herself. i have a plan for a green industrial policy that takes advantage of the fact that we do what we do best and that is innovate and create. i propose putting $2 trillion in so we do the research. we then say anyone in the world can use it so long as you build it right here in america. so that sounds very much like what president trump talks about in terms of by america. we don t need the government to do it. think about what happened in energy with the fracking revolution. that was not done with any government money. google, apple, amazon, those
are you sure you don t want a ministry of love or peace. [laughter] , not a great start. let s bring in elizabeth warren. she has a green investment thing, she can explain it herself. i have a plan for a green industrial policy that takes advantage of the fact that we do what we do best and that is innovate and create. i propose putting $2 trillion in so we do the research. we then say anyone in the world can use it so long as you build it right here in america. so that sounds very much like what president trump talks about in terms of by america. we don t need the government to do it. think about what happened in energy with the fracking revolution. that was not done with any government money. google, apple, amazon, those
against the intelligence committee. the fact opec including saudi arabia and russia cut prices because the u.s. was producing so emergency. a piece in the wall street journal shows almost the entire decline in oil prices comes from ramped um u.s. production. you said, we re number one in the world. also 12 million barrels a day. in a position we ve not been in since larger producer than saudi arabia and russia and have the most oil in the ground of any country on the planet. so it s us. it s not them. they have recently upped their output as has russia but this is largely a function of what s happening in the united states. the fracking revolution is working. brandon? he is write about one thing. low oil is a tax cut. it is. yellin used the same language. the problem in the last ten years, the last five years, something fundamental changed in the way oil affects our economy. k4 is because we have all of those fraccers in west texas and north dakota, fracking is incredibly respo
thanks. it s good to see you as well. the president s quoting 450 million billion, actually. i don t know how many jobs he s quoting. he s worried we ll lose the business to china and russia. but they don t make any equivalent to the military hardware and systems the saudis use. correct. and he has insisted that we ve sold them or they ve agreed to purchase $110 billion worth of arms from the u.s. they ve purchased 14.5 billion. so that s factually incorrect. he has suggested that they ve been creating jobs in the united states. we have much bigger trading partners than saudi arabia. they re very much a blip on the radar screen. it s true that they buy u.s. treasury bonds. they recycle their oil profits back into u.s. bonds on occasion. or u.s. real estate. but you know, canada, mexico, china, europe, japan all much, much bigger players. much bigger impact on the u.s. economy were we to have similar troubles with those nations. what you and i will pay at the pump for gaso