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CSPAN3 Politics And Public Policy Today October 9, 2015

Secondly, even if we are producing okay a few hundred thousand barrels a day more, that in no way changes our linkage to the Global Oil Price and the exposure to a price spike. In fact, if anything, its both the fact that we are connected to the crude Oil Global Market and the fact that we are and i believe will continue to be major oil product exporters. We are exposed just as in that anecdote i gave about britain in 2000, we are exposed to the Global Oil Price spike and thats really the modern issue in terms of what the sprol does for us. Point being, if were allowed to compete in the Global Economy well have a more robust oil and gas industry in this country than well have if were not allowed to compete with a more robust industry were less dependent on th ....

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