TO BEGIN WITH, GREAT TO SEE YOU,
THANK YOU VERY MUCH.
JACKIE: HERE TO REACT FORMER
SHELL OIL PRESIDENT, GREAT TO
SEE YOU, LET ME ASK YOU THIS,
PHIL BROUGHT UP A GREAT POINT
TALKING ABOUT THE DEBATE VICE
PRESIDENT BIDEN WOULD NOT ADMIT
HE WANTED TO BAN FRACKING BUT
WHEN PUSHED HE SAID HE WANTED TO
PHASE IT OUT, PHIL FLYNN BROUGHT
UP THE FACT THAT THE INDUSTRY IS
8% OF GDP AND I’LL ADD TO THAT IT REPRESENTS 10 MILLION JOBS IN
IT REPRESENTS 10 MILLION JOBS IN
THIS COUNTRY WHEN ALTERNATIVE IS
ONLY HALF A MILLION AT THIS
POINT, WHEN JOE BIDEN IS LOOKING
AT THIS HE IS MISSING THE FOREST
THROUGH THE TREES, DON’T YOU
THINK.
>> I THINK HE IS MISSING A KEY
POINT, ENERGY IS THE LIFEBLOOD
OF THIS COUNTRY, WHAT THE OIL
INDUSTRY DOES IS PRODUCE THE
MOLECULES FOR NATURAL GAS AND
PRODUCE THE MOLECULES THAT
TURNING TO DIESEL FUEL, GASOLINE
ET CETERA, BEFORE WE HAD
FRACKING AND BEFORE WE ADVANCED
FROM 5 MILLION BARRELS A DAY
PRODUCTION DOMESTICALLY IN 2005
TO 12 MILLION BARRELS A DAY IN
2019, WE WERE UNDER THE CONTROL
OF THE SAUDI’S AND OPEC ON THE
PRICE AND AVAILABILITY OF OIL,
WHAT JOE IS PROPOSING TO PUT US
BACK UNDER THE CONTROL OF OPEC
BECAUSE WE WILL NOT BE ABLE TO
PRODUCE ENOUGH DOMESTIC ENERGY
AND THE TRANSITION THAT WERE TALKING ABOUT WITH ELECTRIC
TALKING ABOUT WITH ELECTRIC
VEHICLES, IS GOING TO TAKE 20,
30, 40 YEARS, I’VE SEEN
STATISTICS AND STUDIES AT SAY
HALF OF THE CARS IN 2050 WILL BE
ELECTRIC, THAT MEANS THERE WILL
BE HUNDREDS OF MILLIONS AND BILLIONS OF CARS AROUND THE
BILLIONS OF CARS AROUND THE
WORLD STILL NEED OIL, I THINK
FOR JOE BIDEN TO TAKE OVER THE
CONTROL AND THE REGULATION OF
THE ENERGY INDUSTRY IS
DANGEROUS, HE DOES NOT KNOW
ANYTHING ABOUT ENERGY TO START
WITH, BUT YOU DO NOT PASS ALONG
HIGH COST OF LIMITED ENERGY TO
THE POOREST IN THE NATION AND
EXPECT THEM TO BE HAPPY ABOUT
IT, THE WAY THE DEMOCRATS WILL LOSE OUT BIG TIME IS BY RAISING
LOSE OUT BIG TIME IS BY RAISING
GASOLINE PRICES TO UNAFFORDABLE
LEVELS.
JACKIE: YOU BRING UP A GREAT
POINT WHEN IT COMES TO OPEC
SPECIFICALLY THERE WAS A TIME IN
THE COUNTRY’S HISTORY WHERE THE
MIDDLE EAST OWNED US BECAUSE OF
THEIR ENERGY OUTPUT NOW WERE ONE
OF THE TOP PRODUCERS GLOBALLY,
WE ARE EXPORTING ENERGY AND WE
ARE ENERGY INDEPENDENT AS THE
PRESIDENT POINTED OUT LAST
NIGHT, CERTAINLY THERE IS A WAY
AND HE’S NOT SAYING PRESIDENT
TRUMP TO NOT INVEST IN
ALTERNATIVE ENERGY, HE
UNDERSTANDS IT’S GOING TO TAKE A
LONG TIME TO GET THERE AND IN
THE MEANTIME YOU HAVE TO TAKE
THE 10 MILLION PEOPLE EMPLOYED.
>> EVERYONE IN THE INDUSTRY, I
AM PART OF IT SPEAKS ABOUT THE
GREAT ENERGY TRANSITION OF THE
21st CENTURY BUT IT IS GOING
TO TAKE THE CENTURY TO PULL IT OFF, NOBODY UNDERSTANDS THE
OFF, NOBODY UNDERSTANDS THE
SCALE, THE SIZE, THE FLEET THAT
IS OUT THERE, I NEED ON A 24/7
365 BASIS FOR MOLECULES AND
ELECTRONS, WE COOL OUR HOMES AND
WE HEAT OUR HOMES, WE HAVE
MOBILITY BECAUSE OF IT, IT IS A LIFESTYLE AND IT’S AN ECONOMIC
LIFESTYLE AND IT’S AN ECONOMIC
WAY OF LEAD LIVING LIFE BY HAVIN
AVAILABLE AND AFFORDABLE ENERGY
WITH PLENTY OF IT DOMESTICALLY
SO WERE NOT DEPENDING ON ENERGY
FROM ABROAD.
JACKIE: LET ME ASK YOU REAL
QUICK, JOE BIDEN’S PRESENTATION
LAST NIGHT AND MAKING HIS CASE
WHEN IT COMES TO THE ENERGY
INDUSTRY WILL NOT GO WELL FOR
HIM AND HIS HOME STATE OF
PENNSYLVANIA OR OHIO WHERE
FRACKING IS THE LIFELINE OF THE
ECONOMY AND DOWN SOUTH IN TEXAS WHERE THE OIL INDUSTRY IS BASED,
WHERE THE OIL INDUSTRY IS BASED,
YOUR THOUGHTS.
>> ENERGY MATTERS IN 50 STATES
OUT OF 50, THE AVAILABILITY OF
ENERGY AND WHAT WE USED TO CALL
THE COLD DAYS, AT THE REFINERY
LEVEL OR AT THE DRILLING LEVEL,
IT IS JOBS AND WELL-PAYING JOBS,
PEOPLE THE INDUSTRY DON’T MAKE
MUCH LESS THAN $80000 A YEAR
BECAUSE OF THE PAY THAT IS PART
OF IN THE BENEFITS THAT ARE PART
OF JOBS IN THIS INDUSTRY, IT IS
A TREMENDOUS IMPACT ON THE
ECONOMY TO STRANGLE BY
REGULATION BY GOVERNMENT FIAT, THE ENERGY TRANSITION WILL TAKE
THE ENERGY TRANSITION WILL TAKE
PLACE IN THE 21st CENTURY BUT
IT WILL BE DRIVEN BY MARKET
FORCES NOT GOVERNMENT,
GOVERNMENT POLITICIZE HIS ENERGY
AND IF YOU POLITICIZE ENERGY YOU
MAKE IT MORE EXPENSIVE FOR THE
POOR AND THE RICH DON’T CARE
BECAUSE THERE PLENTY OF
DISPOSABLE INCOME FOR ENERGY AND
WHAT YOU ULTIMATELY DO IS DRIVE
THE PRICE UP THAT TAKES THE
ECONOMY INTO RECESSION BECAUSE
PEOPLE HAVE TO PAY THEIR ENERGY