15 MINUTES FROM NOW.
WHERE'S THE PRICE OF GOLD,
HOLDING AT $1,337 AN OUNCE.
OUR NEXT GUEST, SOMEONE
SPECIAL.
MET WITH LEADERS AROUND THE
WORLD, AND THEY WANT TO BUY
OUR COUNTRY'S ENERGY
PRODUCTS.
IN PARTICULAR, LIQUIFIED
NATURAL GAS.
HERE IS THE SECRETARY OF
ENERGY.
RICK PERRY.
WELCOME TO THE PROGRAM.
>> THANK YOU, STUART,
>> THANK YOU, STUART,.
STUART: WHAT'S THIS I HEAR YOU
YOU'RE SENDING A SHIP,
LIQUIFIED NATURAL GAS TO
INDIA.
>> IT GOT THERE TWO WEEKS AGO,
ACTUALLY
ACTUALLY.
STUART: OH, IT DID?
>> YOU RECALL WHAT?
FIVE, SIX YEARS AGO WE WERE
HAVING ALL OF THESE IMPORT
FACILITIES BEING BUILT ALONG
THE GULF COAST.
OVER THE LAST FIVE YEARS OR
SO, THOSE HAVE BEEN TURNED
AROUND.
NOW THEY'RE EXPORT
FACILITIES.
AND BECAUSE OF THE GREAT SHELL
REVOLUTION, AMERICAN LNG IS
NOW ABSOLUTELY CHANGING THE
GEOPOLITICAL POSITION IN THE
WORLD OF UNITED STATES WHEN IT
COMES TO ENERGY
COMES TO ENERGY.
STUART: YOU USE UP RUSSIA'S
POSITION.
>> INDEED.
>> EVERY MOLECULE IS A
MOLECULE THAT DOESN'T HAVE TO
BE TAKEN INTO HOSTAGE.
STUART: WHY ARE YOU SMILING.
>> I LOVE THE COMPETITION.
THE IDEA THAT THE UNITED
STATES -- TEN YEARS AGO THERE
WERE PEOPLE MAKING A GOOD
SPEECH, MAKING NICE MONEY ON
OIL.
AND NOW BECAUSE OF AMERICAN
INNOVATION, AMERICAN
TECHNOLOGY, WE ARE NOW IN THE
DRIVER'S SEAT WHEN IT COMES TO
ENERGY IN THE WORLD.
SO WHEN WE'RE TALKING TO
PEOPLE LIKE INDIA, WHEN WE'RE
TALKING TO OUR EUROPEAN
COUNTERPARTS, POLAND, THEY
WERE IN THE BALTICS, THOSE ARE
PEOPLE WHO TRULY UNDERSTAND
WHAT HAS HAPPENED IN THE
ENERGY SPACE.
AND THE UNITED STATES IS THEIR
FRIEND, AND WE WILL BE THERE
FOR THEM DAY IN AND DAY OUT
AND DELIVERING ENERGY.
WE'RE DELIVERING FREEDOM
AROUND THE WORLD.
NOT JUST GAS
NOT JUST GAS.
STUART: CAN YOU INCREASE THE
SUPPLY THAT'S GOING OUT OF
AMERICA.
>> INDEED WE CAN, AND I THINK
THAT'S ONE OF THE THINGS --
THESE ARE LONG-TERM
CONTRACTS.
20 TO 30-YEAR CONTRACTS, SO
THERE'S A LOT OF REALLY GREAT
OPPORTUNITIES OUT THERE, AND
IT'S A -- U.S. TECHNOLOGY ON
THE COAL SIDE.
I MEAN, THE IDEA THAT SOMEHOW
OR ANOTHER, YOU KNOW, COAL IS
NOT GOING TO BE IN THE MIX.
IT IS.
AND 2040, 77% OF THE POWER
GENERATED IN THE WORLD WILL
STILL COME FROM FOSSIL FUELS.
WE NEED TO DO IT WISELY, WE
NEED TO DO IT EFFICIENTLY, WE
NEED TO DO IT AS CLEANLY AS WE
CAN, AND IT WILL BE AMERICAN
TECHNOLOGY THAT LEADS THAT
TECHNOLOGY THAT LEADS THAT.
STUART: THAT'S FRACKING, ISN'T
IT?
AND HORIZONTAL --
>> FRACKING AND DRILLING HAVE
COMPLETELY CHANGED THE DYNAMIC
IN THE WORLD FROM THE
STANDPOINT OF THE UNITED
STATES AND VARIOUS PLACES IN
THE UNITED STATES AND SOME
THAT WE DON'T EVEN KNOW
ABOUT.
WHEN YOU THINK ABOUT WHAT HAS
HAPPENED IN THE ASPLATION
REGION, THE OPPORTUNITIES ARE
FABULOUS.
BUT THERE'S --
STUART: I HAVE PROPERTY IN
NEW YORK STATE.
I'M SITTING ON TOP, I'M NOT
ALLOWED TO FRACK.
ANY COMMENT ON THAT.
>> WELL, HERE'S THE ISSUE.
NOT ONLY THE IDEA THAT YOU
CAN'T PRODUCE THAT NATURAL
RESOURCE IN STATES LIKE
NEW YORK, BUT YOU CAN'T EVEN
TRANSIT IT WITH GAS.
THAT PUTS THOSE CITIZENS AND
CITIZENS ON THE OTHER SIDE OF
THAT LINE, IF YOU WILL, IN
JEOPARDY ECONOMICALLY.
WE PULL ANOTHER VORTEX IN THAT
HAS THE POTENTIAL TO SHUT DOWN
THOSE POWER PLANTS BECAUSE
THEY CANNOT GET THE ENERGY.
AT THAT POINT IN TIME, ELECTED
OFFICIALS ARE GOING TO HAVE
HARD ANSWERS BECAUSE PEOPLE
ARE HAVING -- WILL BE HAVING
TO MAKE THE DECISION ABOUT DO
I KEEP WARM OR DO I TURN THE
LIGHTS ON
LIGHTS ON.
STUART: WELL, SAID, SIR.
ONE LAST ONE.
YOU'RE SPENDING $1.8 BILLION
ON SUPERCOMPUTERS FOR THE
ENERGY DEPARTMENT.
>> YEAH. IF I HAD THE TEN
FASTEST SUPERCOMPUTERS IN THE
WORLD BELONG TO THE DEPARTMENT
OF ENERGY.
OBVIOUSLY BEING ABLE TO MODEL
NUCLEAR TESTS RATHER THAN
DOING UNDERGROUND TESTING IS
ONE OF THOSE.
BUT ALSO IN THINGS LIKE HEALTH
CARE.
MASSIVE AMOUNTS OF DATA THAT
USED TO TAKE LITERALLY MONTHS,
EVEN YEARS TO COME UP WITH THE
ANSWERS TO PROBLEMS THAT WERE
LAID OUT.
THESE ANALYTICS AND THIS
COMPUTING CAPACITY THAT WE
HAVE NOW IS GOING TO BE ABLE
TO ALLOW US TO ADDRESS ISSUES
LIKE POST TRAUMATIC STRESS,
TRAUMATIC BRAIN INJURY IN OUR
VETERANS.
I MEAN, SOME POWERFUL ANSWERS
TO ISSUES AND QUESTIONS THAT
AFFECTED US FOR A LONG TIME
BECAUSE OF THESE DOE-OPERATED
COMPUTERS
COMPUTERS.
STUART: YOU KNOW, YOU LOOK
LIKE A MAN WHO IS HAVING A
REALLY GOOD TIME.
YOU LOOK LIKE A MAN WHO'S
HAVING MORE FUN THAN ANY OTHER
CABINET MINISTER AT THIS
MOMENT.
>> IT IS AN INTERESTING PLACE
TO WORK.
I LOVE -- I'M SO GLAD -- I'M
GLAD THAT THE PRESIDENT --
STUART: INTERESTING.
>> WELL, IT IS.
AT THE DOE NOT WITHSTANDING
THE POLITICAL WORLD THAT WE
LIVE IN.
STUART: UNDER FIRE.
>> I DON'T KNOW IF IT GETS
INTO THE FUN CATEGORY.
BUT IT IS NOT THE BEST JOB I
EVER HAD.
THAT WAS GOVERNOR OF TEXAS.
BUT THE MOST INTERESTING JOB I
EVER HAD, SECRETARY OF
ENERGY.
I'M SO GLAD THE PRESIDENT
ASKED ME, AND I'M GLAD I SAID