are so low are because we have been aggressive with technology and we have plentiful supplies of these fossil fuels and that s a positive thing. if you add all of these climate regulations that people want to, we would not be able to produce at the numbers we are because quite frankly, it would become uneconomic. that s a fact. and the expansion, matt, happened under president obama over the last eight years because he made that happen. despite everything he tried to do to stop it. he wanted natural gas. that s true, but as we all know, at theen end of the day, natura gas is a fossil fuel as well and the main central thrust of climate change activists is to get us off all fossil fuels including natural fwas. i m going to break up energy today and let donny deutsch get a word in. this sort of idea and this sadness that supporters of president obama might feel, just this very bleak and rather abrupt dismantling of what was probably to him one of his proudest accomplishments. you
as you were saying, he s telling the epa by 2016 they have to enforce the law the supreme court told them to enforce six years ago. and obviously, you know, he was talking a lot about promoting natural gas in there. and he had one little throwaway comment about, of course, there s some controversy around natural gas development as well. i was kind of waiting for him to say, but american ingenuity will find an alternative to water because that s the reality for people that are impacted by hydraulic fracking which is where an increasing part of our natural gas natural fwas is being produced. we re seeing more and more studying show hydraulic fracking, the entire life cycle of that natural gas is is comparable to coal. we re not talking about major improvements with emissions. certainly not on the scale we need to turn things around. that last question always strikes me as the issue here. there s the political reality of how washington works and i think anyone who surveys the poli
they get that if you have a country like japan with that consumption needing oil where do they go and what does that do to the supply and our cost for it? they first go to saudi arabia where they have long-term contractual relationships with aramco oil company. they go to malaysia, brunai, local sources. you try to go to the nearest source you can to cut down on transportation costs. those sources will takele oil out of the global trading market which is going to make what s available to us, again, there will be less of it and it will be more expensive. shifting to fossil fuels in japan will cost the whole world higher prices for liquified natural fwas and oil asle well. if you have to put on your cap and see into the future, a year from now you re filling up your car with gas. what do you expect to be paying a gallon? this time next year i would say in the $4, $4.25.