LIZ: TAKE A LOOK AT CRUDE OIL
PRICES AND NATURAL GAS.
WE HAVE JOE BIDEN, WHO IS
PUSHING FOR GREEN ENERGY JOBS AS
THE WAY OF THE FUTURE.
PRESIDENT TRUMP HAS ALSO PUSHED
VERY HARD FOR COAL TO BE
REVITALIZED.
WE DO HAVE CRUDE OIL DOWN A
FRACTION IN THE AFTER MARKET TO
$40.99.
FLIP IT OVER TO NATURAL GAS.
WHICH IS RISING, BUT IF YOU LOOK
AT IT HISTORICALLY, IT IS WELL
OFF THE HIGHS FROM WAY BACK IN
2008.
NAT GAS IS $2.78 PER MILLION
BRITISH THERMAL UNITS.
SO AS THESE TWO PRESIDENTIAL
CANDIDATES FACE OFF AND BIDEN
PUSHES GREEN, PRESIDENT TRUMP’S
ADMINISTRATION HAS PUSHED VERY
MUCH FOR CRUDE, FRACKING, NOT TO
MENTION COAL, WHAT DOES THAT
SPEAK TO FOR THE FUTURE OF U.S.
ENERGY CONSUMPTION AND ENERGY
BUSINESSES?
ENERGY SECRETARY DAN BROUILLETTE IS IN ERIE, PENNSYLVANIA, THE
IS IN ERIE, PENNSYLVANIA, THE
HEART OF THE MARCELLUS SHALE.
WELCOME, MR. SECRETARY.
THANK YOU FOR JOINING US.
THIS IS A STORY OF JOBS, A STORY
OF CLEAN AIR AND WATER, A STORY
CERTAINLY OF BIG BUSINESS AND
SMALL BUSINESS, EMERGING
BUSINESS.
TELL US WHAT YOU’RE DOING THERE.
>> HI, LIZ.
IT’S GREAT TO BE BACK WITH YOU.
YES, I’M HERE IN ERIE,
PENNSYLVANIA.
I’M HERE IN A LOCAL UNION HALL
WITH THE PLUMBERS TODAY.
WE WILL BE WITH THE STEAMFITTERS
AND BOILER MAKERS TALKING ABOUT
THEIR CONCERNS AND THE POTENTIAL
LACK OF JOBS IF WE ELIMINATE
SOME OF THE TECHNOLOGIES THAT
HAVE MADE THE UNITED STATES THE
NUMBER ONE PRODUCER OF OIL AND
GAS IN THE WORLD.
I’M SPECIFICALLY TALKING ABOUT
HYDRAULIC FRACTURING.
THE TECHNOLOGY THAT’S PRODUCED
SUCH A BOOM IN THE NATURAL GAS
FIELD AND IN THE CRUDE OIL
FIELD.
I’M ALSO HERE TO TALK ABOUT SOME
OF THE JOB CREATION THAT’S
OCCURRING IN THE COUNTRY AND
SPECIFICALLY HERE IN THE
MARCELLUS SHALE REGION.
THERE’S A GIANT FACILITY BEING
BUILT DOWN THE ROAD HERE AND
THAT FACILITY WILL PRODUCE MANY
OF THE PLASTIC PRODUCTS THAT WE
TAKE FOR GRANTED IN OUR LIVES
TODAY.
YOU KNOW, IT’S AMAZING WHEN YOU
LOOK AT THE NUMBERS, 96% OF ALL
OF THE MANUFACTURED GOODS IN THE
WORLD TODAY HAVE A DIRECT
CONNECTION TO CHEMISTRY, AND
MORE SPECIFICALLY, CHEMISTRY
THAT’S RELATED TO THE FEED STOCK
OF NATURAL GAS.
SO VERY IMPORTANT INDUSTRY, VERY
IMPORTANT TO THE ECONOMY BOTH
HERE IN PENNSYLVANIA AND TO THE
REST OF AMERICA.
LIZ: NATURAL GAS OBVIOUSLY BURNS
WAY CLEANER THAN COAL.
THE TRUMP ADMINISTRATION HAS
SPENT A GOOD BIT OF THE FIRST
TERM REALLY TOUTING COAL EVEN AS
MANY OF THESE COMPANIES GO OUT
OF BUSINESS.
A LOT OF COAL WORKERS SAY YOU
KNOW WHAT, I GOT TO GET TRAINED
INTO THE JOBS OF THE FUTURE.
LET’S TALK ABOUT SPECIFICALLY
THE FRACKING JOBS AND THEN WE
WILL GET TO GREEN JOBS.
TALK ABOUT WHAT YOU SEE AS THIS
OPPORTUNITY FOR FRACKING
SPECIFICALLY AS IT PERTAINS TO
CLEANER NATURAL GAS THAT BURNS
CLEANER.
>> WELL, WHAT WE ARE SEEING IS A
TRANSITION.
YOU JUST MENTIONED THE PRICE OF
NATURAL GAS AND WHILE IT’S UP A
LITTLE BIT TODAY BECAUSE OF THE
INCREASED DEMAND THAT’S BEING
CREATED BY THIS V-SHAPED
RECOVERY THAT WE’RE
EXPERIENCING, IT IS HISTORICALLY
LOW AND AS A RESULT, WE HAVE
SEEN A TRANSITION TO ITS USE FOR
THE PROVISION OR GENERATION OF
ELECTRICITY OVER COAL IN CERTAIN
CASES.
BUT BY NO MEANS DOES THAT MEAN
THE END OF COAL AS WE KNOW IT
TODAY.
PERHAPS IT’S USED A LITTLE BIT
LESS TO PRODUCE ELECTRICITY, BUT
IT HAS A BRIGHT FUTURE IN THE
SENSE THAT WE CAN START TO
DEVELOP SOME OF THE RARE EARTH
ELEMENTS THAT CAN BE EXTRACTED
FROM COAL WHICH ARE VERY
IMPORTANT FOR THE PRODUCTION OF
BATTERY STORAGE AND THAT’S
IMPORTANT TO THE RENEWABLE
INDUSTRY, RENEWABLE ELECTRIC
INDUSTRY.
SO STILL A VERY BRIGHT FUTURE.
WHAT WE ARE CONCERNED ABOUT HERE
IN PENNSYLVANIA IN PARTICULAR IS
THE POTENTIAL ELIMINATION OF
FRACKING TECHNOLOGIES, WHICH
PRODUCED THAT CHEAP GAS IN THE
FIRST PLACE.
I HAVE BEEN TOLD BY THE U.S.
CHAMBER OF COMMERCE THAT IF WE
ELIMINATE THIS TECHNOLOGY,
ROUGHLY 19 MILLION JOBS WILL BE
ELIMINATED IN AMERICA.
THINK ABOUT THAT.
19 MILLION JOBS ELIMINATED AS WE
ATTEMPT TO RECOVER FROM A
PANDEMIC.
LIZ: SECRETARY, IMAGINE THAT
THERE ARE, I KNOW THERE ARE,
UNDECIDED VOTERS RIGHT NOW WHO
LEAN TOWARD PRESIDENT TRUMP BUT
THEY ALSO LEAN TOWARD THE
FUTURE.
THEY WANT A CLEAN PLANET.
THEY DON’T LIKE SOME OF THE
DECISIONS THAT THE EPA UNDER
PRESIDENT TRUMP HAS MADE, AND
SOME OF THESE PEOPLE ARE, YES,
THEY ARE TRUMP VOTERS BECAUSE
THEY SEE WHAT’S BEEN HAPPENING
WITH THEIR WATER.
BEYOND THE LET’S PLANT A LOT OF
TREES WHICH WE APPLAUD,
CERTAINLY, HOW DO YOU CONVINCE
THE UNDECIDED VOTER WHO LEANS
TOWARD SOLAR, WIND AND POWER, TO
SAY YOU KNOW WHAT, HE’S GOT IT?
ALL WE HEAR IS THIS DISSING OF
GREEN ENERGY, MOCKING OF IT.
SO CLARIFY THAT FOR THESE
PARTICULAR VIEWERS, IF YOU
COULD.
>> WELL, I CAN’T SPEAK DIRECTLY
TO THE ELECTION BUT I WILL TELL
YOU WHAT THE RECORD IS.
THE RECORD IN AMERICA IS WE HAVE
PRODUCED ALL FORMS OF ENERGY AND
THAT PROCESS, THAT RECORD, THAT
APPROACH, THAT POLICY APPROACH,
HAS PRODUCED AN INCREASE IN OUR
ECONOMIC ACTIVITY HERE OF
ROUGHLY 17%.
AT THE SAME TIME, WE HAVE
REDUCED CARBON EMISSIONS FROM
ENERGY SOURCES BY ROUGHLY 14%.
SO THERE’S NO COUNTRY IN THE
WORLD WHO CAN MAKE THAT CLAIM
CREDIBLY.
I WILL STATE IT AGAIN.
WE HAVE GROWN THE ECONOMY BY 17%
AND WE HAVE REDUCED CARBON
EMISSIONS BY 14%.
THERE’S CERTAINLY NO SIGNATORY
TO THE PARIS ACCORDS THAT CAN
MAKE THAT CLAIM.
SO THAT IS THE RECORD, THOSE ARE
THE FACTS.
AS WE MOVE FORWARD, HOWEVER,
WHAT WE WOULD LIKE TO DO IS TO
CONTINUE THIS ALL OF THE ABOVE
ENERGY STRATEGY THAT WE HAVE
STARTED.
YES, WE WANT TO PURSUE RENEWABLE
ENERGY.
YES, WE WANT TO PURSUE FOSSIL
ENERGY DEVELOPMENT.
YES, WE WANT TO PURSUE NUCLEAR
ENERGY DEVELOPMENT WHICH IS
EMISSIONS-FREE.
IT TAKES ALL OF THOSE THINGS IN
ORDER TO PRODUCE THE AMOUNT OF
ENERGY THAT WE NEED TO GROW THIS
ECONOMY.
LIZ: OKAY.
SECRETARY DAN BROUILLETTE, WE
LOVE OUR PLUMBERS.
LET ME TELL YOU SOMETHING.
THEY ARE HARD TO FIND IN NEW
JERSEY.
THEY ARE SO BUSY.
THANK EVERYBODY IN ERIE,