MARIA: WELCOME BACK.
WE ARE WATCHING OIL AND THE
ENERGY SECTOR.
OIL PRICES FALLING AS OVERSUPPLY
BECOMES A CONCERN AS YOU CAN
SEE, CRUDE OIL AT $66.47.
REUTERS IS REPORTING THAT THE
SAUDI OPEC GOVERNOR SAYS A
POTENTIAL OIL GLUT COULD BECOME
AN ISSUE IN THE FOURTH QUARTER.
JOINING ME RIGHT NOW IS THE
ENERGY SECRETARY, RICK PERRY.
GOOD TO SEE YOU.
>> IT'S GOOD TO BE HERE.
MARIA: THANK YOU FOR JOINING
US.
YOUR REACTION TO THAT?
ARE WE LOOKING AT A GLUT NOW?
>> IT'S A SNAPSHOT IN TIME AND
WE KNOW THAT STABLE SUPPLY IS
REALLY THE MOST IMPORTANT ISSUE
TO US SO WE DON'T GET SPIKES AND
UPS AND DOWNS.
RIGHT NOW, THERE'S A BIT MORE
THAN WHAT THE MARKET IS USING
BUT THAT CAN VANISH IN A HURRY.
MARIA: WII BEEN
MARIA: WE' BEEN
MARIA: WE'VEEEN
MARIA: WE'VE BN
MARIA: WE'VE BEEN TALKING ABOUT
THE U.S. BECOME A BIGGER AND
BIGGER PRODUCER.
WITH ALL THE HEADLINES AROUND
SAUDI ARABIA WITH JAMAL
KHASHOGGI NEWS, DOES THE U.S.
NEED SAUDI ARABIA OIL?
>> WELL, THE WORLD MARKET DOES.
AND THIS IS A GLOBAL MARKET.
THE UNITED STATES IS NOW THE
NUMBER ONE OIL AND GAS PRODUCING
COMPANY IN THE WORLD.
MARIA: THAT'S INCREDIBLE.
>> BY 2020 WE WILL BE A NET OIL
EXPORTER.
IT'S JUST FASCINATING WHAT'S
HAPPENED IN A DECADE.
IT SHOWS WHAT INNOVATION AND
TECHNOLOGY CAN DO.
WITH ALL OF THAT SAID, THE WORLD
MARKET IS GOING TO NEED THIS
ENERGY.
ALL KINDS OF ENERGY.
WHEN YOU THINK ABOUT THE
EUROPEAN MARKET, THE AMERICAN
LNG THAT'S GOING IN THERE NOW,
THE GEO POLITICS OF THAT, WHERE
NO LONGER DOES POLAND ORO MEAN R
NO LONGER DOES POLAND ORO MEAN M
NO LONGER DOES POLAND ORO MEAN N
NO LONGER DOES POLAND ORO MEAN A
OR GERMANY HAVE TO BE RELYING
UPON RUSSIAN GAS SINGULARLY.
THE WORLD IS REALLY RELIANT ON
AMERICAN ENERGY BUT WE'RE ALSO
OBVIOUSLY RELYING UPON OTHER
COUNTRIES.
YOU'VE GOT PROBLEMS IN
VENEZUELA.
YOU'VE GOT PROBLEMS IN ANGOLA.
THE SANCTIONS ON IRAN ARE OUT
THERE.
SO THE MARKET IS -- IT'S
CRITICAL THAT WE KEEP THE SUPPLY
UP AND THAT'S THE REASON THAT
INFRASTRUCTURE IS SO IMPORTANT
IN THE UNITED STATES OILFIELDS.
THE LIMITING FACTOR IN THE
PERMIAN BASIN, WHICH IS THE
THIRD LARGEST OILFIELD IN THE
WORLD --
MARIA: WOULD
MARIA: WOWLD
MARIA: WOW.D
>> -- IS PIPELINE CAPACITY.
MARIA: WHAT DO WE NEED TO DO IN
TERMS OF INFRASTRUCTURE, TO
BUILD UP THIS PIPELINE, THAT ONE
AND OTHERS?
>> THE PRESIDENT IS FOCUSED ON
THIS.
HE UNDERSTANDS THAT YOU'VE GOT
TO GET THIS TO MARKET AND
PIPELINES ARE ONE OF THE KEY
ISSUES THERE.
WHEN YOU TALK ABOUT
INFRASTRUCTURE, IT'S NOT JUST
PIPELINES.
WHEN YOU THINK ABOUT MIDLAND
ODESSA IN WEST TEXAS, IT'S ABOUT
HOSPITALS AND SCHOOLS AND ROADS
AND BEING ABLE TO HAVE PLACES
FOR PEOPLE TO LIVE LITERALLY.
THAT'S ALL PART OF THIS
INFRASTRUCTURE BECAUSE THIS IS A
GENERATIONAL CHANGE THAT'S
OCCURRING IN AMERICA AND IN TURN
AFFECTING THE WORLD.
SO THE PRESIDENT HAS BASICALLY
SAID WE'RE GOING TO GO TRY TO
BUILD THIS INFRASTRUCTURE AS
FAST AS WE CAN.
THAT MEANS FERC HAS GOT TO BE
MOVING AND MOVING QUICKLY.
THAT MEANS AGENCIES THAT HAVE
REGULATORY CONTROL OVER THESE
DIFFERENT THINGS, IT MAY BE THE
CORPS OF ENGINEERS, THE DOE, ALL
OF THOSE NEED TO BE ON POINT, AS
WE BUILD THE INFRASTRUCTURE YOU
NEED THE REGULATORY CLIMATE TO
BE ONE THAT IS NIMBLE AND VERY
EXPEDITIOUS.
MARIA: BEFORE I GET TO YOUR
EVENT, THE IRAN SANCTIONS, GOING
INTO EFFECT NEXT WEEK OR --
>> CORRECT, IN NOVEMBER.
MARIA: WHAT'S THE IMPACT ON THE
OIL MARKET?
>> OBVIOUSLY, WE DON'T KNOW
COMPLETELY.
I SUGGEST THAT THE MARKET'S
ALREADY BEEN IMPACTED BY IT,
PEOPLE KNEW THEY WERE COMING IN,
THOSE CONTRACTS WERE ALREADY
FORWARD.
MARIA: ANTICIPATED.
>> YES, MA'AM.
I DON'T THINK THERE WILL BE MUCH
IN THE MARKET STANDPOINT.
HOPEFULLY IT WILL SEND THE
APPROPRIATE MESSAGE TO IRAN,
LISTEN, BE A DECENT NEIGHBOR IN
THE NEIGHBORHOOD AND YOU DON'T
HAVE TO FACE THESE KIND OF
THINGS.
MARIA: WE'LL SEE ABOUT THAT.
YOUR EVENT, YOU'LL BE TOURING
THE BROOK HAVEN LAB ON LONG
ISLAND TODAY.
TELL US ABOUT THAT.
WHY IS THIS FACILITY IMPORTANT?
DOCTOR ARE
WHCTOR ARE
WHYTOR ARE
WHY AR ARE
WHY AREARE
WHY ARE YE
WHY ARE YOU GOING THERE?
>> WE HAVE 17 NATIONAL LABS.
IT'S WHAT MAKES MY JOB AS COOL
AS IT IS.
THESE NATIONAL LABS, ALL ACROSS
THE COUNTRY, THE MANHATTAN
PROJECT, LOS ALAMOS, THROUGH
PACIFIC NORTHWEST LAB,
FASCINATING WORK THAT IS DONE.
BROOK HAVEN, THINGS THAT YOU
DON'T NECESSARILY CONNECT WITH
DEPARTMENT OF ENERGY, EARLY WORK
WAS DONE ON PARKINSON'S DISEASE
AT THE BROOK HAVEN LAB.
MARIA: THESE ARE MEDICAL LABS?
>> NO, THEY'RE ENERGY LABS BUT
WE DO A HOST OF DIFFERENT
THINGS.
ALL OF THE NUCLEAR WEAPONS WORK
IS DONE AT OUR NATIONAL LABS.
BUT THEY ALSO -- WE DELVE INTO
THINGS LIKE INTO WATER.
I MEAN, THESE ARE WHERE A LOT OF
IDEAS GET THROWN OUT AND TESTED
IN THE FEDERAL GOVERNMENT TO SEE
WHAT IS THE NEXT BIG THING.
SOMETHING -- THE FIRST VIDEO
GAME WAS DEVELOPED AT BROOK
HAVEN LAB ON THE END OF LONG
ISLAND.
THIS IS MY 17th LAB TO GO TO.
MARIA: THIS REALLY SHOWS US THE
INNOVATION OF AMERICA, RIGHT,
WHAT'S REALLY GOING ON.
>> THAT'S WHAT NATIONAL LABS ARE
REALLY ABOUT.
YOU'VE GOT DEFENSE ADVANCED
RESEARCH PROJECTS, AGENCY,
DARPO, DOD, THEY DO LIKE TYPES
OF WORK BUT THE NATIONAL LABS --
IF THERE ARE A SET OF CROWN
JEWELS IN AMERICA, I WOULD
SUGGEST TO YOUR OUR NATIONAL
LABS ARE THEM.
THE MEN AND WOMEN WHO WORK THERE
ARE BRILLIANT, FASCINATING MEN
AND WOMEN WHO ACROSS THE BOARD
-- WE'RE WORKING ON ISSUES OF
TRAUMATIC BRAIN INJURY AND POST
TRAUMATIC STRESS AT OUR NATIONAL
LABS AS WELL.
MARIA: I KNOW THAT.
>> THAT'S FASCINATING WORK.
MARIA: WE DON'T HE KNOW ENOUGH
ABOUT THE BRAIN, ALZHEIMER'S AND
AUTISM.
THIS IS REALLY IMPORTANT WORK.
BEFORE YOU GO, OBVIOUSLY COMING
FROM TEXAS, YOUR THOUGHTS ON
THIS MIGRANT CARAVAN?
PRESIDENT TRUMP IS MAINTAINING
THIS HARD STANCE WITH REPORTS
THAT INDICATE HE IS PREPARED TO
SIGN AN EXECUTIVE ORDER, BARRING
THOSE ILLEGAL IMMIGRANTS FROM
ENTERING THE UNITED STATES.
KIRSTIN NIELSEN REITERATED THAT
LAST NIGHT.
WHAT DO YOU SEE?
>> WE HAD THESE CHALLENGES WHILE
I WAS THE GOVERNOR IN THE STATE
OF TEXAS.
I ASKED FOR -- I REQUESTED 800
FEDERAL TROOPS TO COME TO ASSIST
US ALONG THE BORDER BACK WITH
THE PREVIOUS ADMINISTRATION.
WE FINALLY HAVE A PRESIDENT WHO
IS WILLING TO PROTECT, DEFEND
THE BORDER OF THE UNITED STATES
AND AS A TEXAN, AS A FORMER
GOVERNOR, I SAY THANK GOD.
MARIA: ESPECIALLY SINCE YOU
HAVE A LONG LINE OF PEOPLE THAT
ARE DOING IT LEGALLY, THAT ARE
WAITING ON LINE TO GET IN
LEGALLY.
YOU'VE GOT PEOPLE TRYING TO GET
TO THE FRONT OF THE LINE.
>> YOU NEVER HAD ANYBODY SEND A
MESSAGE OF LISTEN, THIS BORDER
IS GOING TO BE SACK
IS GOING TO BE SACROSANCT.
IF YOU WANT TO COME IN THE
UNITED STATES, YOU COME IN
LEGALLY.
DONALD TRUMP IS THE FIRST
PRESIDENT WHO HAS BEEN ABLE TO