Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the refiners to handle that. A lot of those are taking place in your district. As eia looked at the issues . In the past we typically choose whatever we refined in the country, but now we are producing so much more that its actually, were having those downstream jobs better exports. Back in houston were exporting just times in the last few years of low sulfur diesel. Because of the heavier crude we get
Philosophically, but i trend back toward the chairman here, there are a lot of practical issues that could turn this into a free fire zone which is not beneficial to anyone. When you are shooting, they may not shoot back to you. That is the problem. And i am not necessarily opposed to offense the government has a very good offensive capability. We have not decided as a country how to use it or has a government policy body, no one has decided to use it, so we do not. The problem you are asking a corporation where you will get these mixed capabilities, and i cannot tell you how many cios i have met who say this is not a problem. You are going to have somebody come in and say i can figure this out. I have never seen such confidence as i have people in cyberspace. Somebody is going to misfire and it will not be that particular company that pays the price. It will be a swath of people who pay the price. A foreign nation state like iran or russia or china or north korea will not say it is fr
House and Senate Republicans are in hershey pennsylvania, for their congressional retreat, and john boehner joined Mitch Mcconnell who announced that joni ernst will deliver the republican response to the president s address on tuesday. Here is more on that now. Senator joni ernst for our side this year. She is a perfect choice. Americans voted for change, and the senator will explain what the new Congress Plans to do and what it is already doing to return focus to the concerns of the middle class and away from demands of the political class. Ernst has dedicated her life to iowa and her country, serving in the military, the national guard, for more than 20 years, and has deployed overseas. She is focused on growing an economy and expanding the middle class. Thank you. Thank you so much. Thank you, speaker, and leader also. I am truly humbled and honored to have this opportunity to deliver the republican address. And it is a long way from red oak to washington, d. C. And growing up on a
Korea, give attribution, say her career was behind it and we are going to take a proportional response. So, that is the scenario. I want to turn to you, chairman rogers the government has said this was a destructive and coercive attack made a more significant by the attack on freedom of speech. How do you assess the attack and do you think the president made the right call in naming north korea . You forgot to add that i decided to take four days off and i spent three of it on a beach dealing with this issue, so no one is angrier about it than me and my wife. This marks a significant change. We have seen Cyber Attacks before, clearly. We have seen denial of service attacks before. We have never seen a nationstate use its capability albeit somewhat limited in a way that actually destroy data. So, they went in to a company, and not only did they play the fun and games part, cause embarrassing pr problems, all of which was significant. It also destroyed data. They destroyed intellectual p
We want to get your opinion on specifically whether this the state of the union speech matters to you. The numbers are on the screen. Everyone wants to meet obama some thoughts from you and other people on whether the state of the union is a needed thing this day and age. You can make your thoughts known on the phone. The numbers are on the screen. Village of the piece of this morning talks about how much of the things of the speech have been revealed in the last few weeks. Usa today compiles and obama state of the union spoiler. Here is just a headline from the Washington Post this morning. You took to the here is a little bit from the white house Youtube Channel. [video clip] everybody in sportsyou have to play the game and we have been laid down by the worst financial crisis of the great depression. And because of the incredible great and resilience of the American People, america is in the best position to turn the page. We have the best job growth since the 1990s. In employment ra