IS NOT BLUFFING I’M TOLD.
JACKIE: THANK YOU SO MUCH FOR
THAT.
IN THE MEANTIME WARD TALK ON
WALL STREET FUELING INVESTOR
WORRIES, THAT IS PART OF WHY
THIS MARKET IS DOWN TODAY OIL IS
CAUGHT IN THE CROSSHAIRS
GERMANY’S DEPENDENCE ON RUSSIAN
GAS HAS LIMITED EUROPE’S OPTION
IN THE UKRAINE CRISIS, SENIOR
ANALYST PHIL FLYNN IS HERE.
I WANT TO GO TO THE POINT THAT
HILLARY MADE THERE MIGHT BE AN
OPPORTUNITY TO A CERTAIN EXTENT
BECAUSE OF THE DEPENDENCE OF
EUROPE ON RUSSIA FOR OIL AND
NATURAL GAS TO CREATE A FOOTHOLD
FOR THE UNITED STATES BUT I
SMIRK AT THAT BECAUSE OUR
PRODUCTION IS DOWN IN THE FACE
OF HAVING THE STORE OPEN.
I’M NOT NECESSARILY SURE IT
WOULD BE A WINDOW THAT WE CAN
TANGIBLY GRASP ONTO.
>> I THINK IT’S DEFINITELY AN
OPPORTUNITY AND IS SOMETHING THE
TRUMP ADMINISTRATION SAID THAT WE SHOULD DO THEY WARN GERMANY
WE SHOULD DO THEY WARN GERMANY
THAT THE SITUATION WHAT HAPPENED
IF THEY CAME DEPEND ON VLADIMIR
PUTIN AND HIS TRACK RECORD OF
THE PAST TO BE A RELIABLE
SUPPLIER OF NATURAL GAS HAS BEEN
SUSPECT.
HERE WE ARE THIS IS DEFINITELY
AN OPPORTUNITY THE U.S. EXPORTS
OF NATURAL GAS EUROPE ARE
ALREADY AT A RECORD HIGH IN IT
SHOULD GO MORE.
THE PROBLEM IS SOMEBODY WOULD
HAVE TO SEND THE MESSAGE TO THE
BIDEN ADMINISTRATION.
THE ANSWER IS THE U.S. ENERGY
PRODUCER CAN SOLVE THIS PROBLEM.
JACKIE: YOUR EXACTLY RIGHT
JENNIFER BRINGS UP A GREAT POINT
TALKING ABOUT THE RELATIONSHIP
WITH GERMANY AND RUSSIA RIGHT
NOW AT THE MOMENT IT SEEMS LIKE
THE GERMANS DO NOT WANT TO SEE
ANY KIND OF MAJOR CONFLICT
BECAUSE THEY DON’T WANT TO
DISRUPT EVERYTHING THE WAY THE
SYSTEM IS WORKING.
IT’S INTERESTING WHEN YOU STEP
BACK AND LOOK AT THE DYNAMICS
HOW EVERYTHING IS PLAYING OUT.
IT FEELS LIKE THE UNITED STATES
IS VERY MUCH ALONE IN SOME WAYS.
>> IT IS IN THE PROBLEM IS
BECAUSE PUTIN REALLY HAS HIS GUN
TO THEIR HEAD IN EUROPE.
IT IS NOT SO MUCH GERMANY, ITS
ENTIRE CONTINENT EVEN THOUGH
EUROPE IS AT RISK RIGHT NOW.
GERMANY IS A MAJOR PLAYER IN
MAKING EUROPE MORE DEPENDENT ON RUSSIA.
BUT IT’S THE ENTIRE CONTINENT.
INTERESTINGLY ENOUGH EVEN AS THE
STOCK MARKET WAS SHOWING OFF
THIS MORNING OIL AND GAS OF THE
UNITED STATES WERE HIGHER ON
CONCERNS OF CONFLICT RUSSIA DID
COME OUT AND SAY EVEN IF THEY
PUT SANCTIONS ON US WE WILL NOT
RESTRICT SUPPLY WE WANT TO BE A
RELIABLE SUPPLIER BUT NOBODY
BELIEVES THEM.
THEY WERE EVEN RESTRICTING
SUPPLY TO EUROPE BECAUSE THEY
DIDN’T GET THEIR WAY WITH THE
PIPELINE APPROVAL AS FAST AS
THEY WANT.
THIS COULD BE A MAJOR EVENT FOR
ENERGY PRICES.
IF YOU GET INTO A WAR, IT COULD
HAVE A MAJOR IMPACT AND I THINK
WE CAN ALL PAY THE PRICE.
JACKIE: I THEY COULD UNDERSCORE
THE DANGEROUS SITUATION THAT
WE’VE BEEN PUT IN ESSENTIALLY.
THERE IS ANOTHER STORY I WAS
TALKING ABOUT LAST WEEK.
OUR IMPORTS OF RUSSIAN OIL HAVE
DOUBLED OVER THE COURSE OF THE
YEAR.
YOU TALKING ABOUT A COUNTRY, THE
UNITED STATES THAT WAS THE
WORLD’S LARGEST PRODUCER NOW
THERE’S A DELTA OF ALMOST
3 MILLION BARRELS THAT WE
COUNTED WHERE WE’VE COME DOWN TO
THE LOWEST LAST SEPTEMBER WE
KNEW SAID MY GOD HOW CAN WE BE
GIVING UP 3 MILLION BARRELS THAT
WE WERE PRODUCING HERE WE ARE
IMPORTING FROM RUSSIA PLACE, HOW
ON EARTH DOES THAT MAKE SENSE
SPAIN IS BAD POLICY IN THE WAY
THAT WE PUT SANCTIONS ON
VENEZUELA AND WE SEE VENEZUELAN
OIL NOW WE NEED RUSSIAN OIL.
YOU’RE ABSOLUTELY RIGHT AT THE
END OF THE DAY IT’S A PULLBACK
IN THE U.S. ENERGY PRODUCERS.
YOU AND I KNOW YOU’VE TALKED
ABOUT IT BEFORE HOW THE U.S.
ENERGY PRODUCER CHANGE THE WORLD
ARE NOT JUST TALKING ABOUT THE
PRICE OF OIL I’M TALKING ABOUT
GEOPOLITICS.
THE WORLD FEARED THE U.S. ENERGY
PRODUCER ALL OF A SUDDEN.
WE DID NOT TO HAVE WORKED IN THE
MIDDLE EAST BECAUSE U.S.
PRODUCERS WERE PROVIDING AND
WILL BE PULLBACK YOU LOOK AT THE
WAY THAT THE WORLD IS UNRAVELING
UNRAVELING.
AND SO MUCH OF GLOBAL POLITICS
IS DRIVEN BY OIL AND GAS AND
THIS IS A PERFECT EXAMPLE WHEN
YOU SHOW WEAKNESS FROM YOUR
PRODUCTION SIDE HOW THE WHOLE
WORLD CAN UNRAVEL GEOPOLITICALLY
GEOPOLITICALLY.
JACKIE: I WILL SAY IT AGAIN WHEN
WE WERE RIPPING A PRODUCTION AND
TAKEN ADVANTAGE OF THE
TECHNOLOGY AT OUR FINGERTIPS AND
MAKING OURSELVES THE NUMBER ONE
PRODUCER IN THE WORLD, IT WAS A
NATIONAL SECURITY STRATEGY AS
WELL TO YOUR POINT.
IT WAS NOT JUST A BUSINESS
STRATEGY.
AS YOU CAN SEE AS IT UNFOLDS THE