| 00:00:16 |
Unidentified Speaker, -
OIL. THEY TALKED ABOUT COST CONSERVATIVES AND ELECTRIC CARS. THIS IS HOST BID THE HUDSON INSTITUTE HERE IN WASHINGTON. THIS IS AN HOUR AND 25 MINUTES....
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| 00:00:39 |
Unidentified Speaker, -
PARTNER FOR TODAY'S EVENTS, SECURING AMERICA'S FUTURE ENERGY, I'D LIKE TO WELCOME EVERYONE TO THE BETSY AND WALTER STERN CONFERENCE CENTER HERE AT HUDSON....
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| 00:07:13 |
Unidentified Speaker, -
A $43 BILLION COMPANY THAT OPERATES ABOUT $95,000 AND THE REASON I EMPHASIZE THE NUMBER OF VEHICLES WE OPERATE AND YOUR FIGURE ON THE PLANES WAS PRETTY...
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| 00:12:38 |
Unidentified Speaker, -
ABOUT HOW HE WOULD CHARACTERIZE THE DEPENDENCE ON OIL, PARTICULARLY, THE MILITARY'S ROLE OF PRODUCTING GLOBAL OIL SIMPLIES. >> LET ME ANSWER YOUR QUESTION...
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| 00:13:04 |
Unidentified Speaker, -
99% OF ITS OIL RETIREMENT. BY 1986, WHEN I WAS A YOUNG MAJOR AND VISITED THE MIDDLE EAST FOR THE FIRST TIME, WE WENT ABOARD THE COMMAND SHIP. AT THAT...
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| 00:15:57 |
Unidentified Speaker, -
TERMS OF PROTECTING GLOBAL CONGRESS? >> I DON'T THINK WE'LL EVER DO THAT. WE ARE A GLOBAL POWER. WE WILL CONTINUE I THINK AS THE PRIMARY, AT PROTECTING
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| 00:16:08 |
Unidentified Speaker, -
THE SEA LEGS AND INTERNATIONAL COMMERCE. IT'S IN THE BEST INTEREST OF THE WORLD TO DO THAT. IT'S A RESPONSIBILITY THAT WE HAVE EVOLVED TO OVER TIME SINCE...
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| 00:17:01 |
Unidentified Speaker, -
WOULD YOU SAY THAT AGAIN? >> WOULD YOU SAY SOMETHING ABOUT SENSE COM AND YOUR ROLE IN IT. >> WELL, THAT'S A GOOD QUESTION. AS SOME OF YOU MAY RECALL...
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| 00:17:15 |
Unidentified Speaker, -
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| 00:17:17 |
Unidentified Speaker, -
WERE CONSIDERING SUN COM, IT R STARTED WHEN HAROLD BROWN REALIZED WE DID NOT HAVE A WORLD FORCE. A FORCE THAT DID NOT GO GLOBALLY. IT'S SO NARROWED...
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| 00:21:28 |
Unidentified Speaker, -
QUESTIONS ABOUT THE FOCUS ON THIS ISSUE OF ELECTRIFY. LET ME ASK YOU, TALK A LITTLE ABOUT WHY YOU AND GM CHOSE TO BUILD THE VOLT? THE WAY THE FUTURE...
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| 00:22:21 |
Unidentified Speaker, -
TO O'REILLY OR NEIL CAVUTO WOULD BELIEVE THAT THE VOLT CATCHES FIRE ALLOT. CONSUMED $53 BILLION FOR ONLY 6,000 BILL WAS PRODUCT OF THE OBAMA ADMINISTRATION....
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| 00:30:05 |
Unidentified Speaker, -
COUNSEL'S POLICY AGENDA, YOU'RE KNOWN AS A CHAMPION OF DEREGULATION OF FREE MARKETS. MENTION MENTIONED YOU'RE A TRUSTEE OF THE CATO INS TUS. WHAT GOVERNMENT...
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| 00:30:32 |
Unidentified Speaker, -
MARKET. SOLUTIONS. THE PROP WITH THE OIL MARKET IS THAT IT'S NOT A FREE MARKET. THE OIL MARKET IS CONTROLLED BY OPEC. OPEC IS A CARTEL WHICH OWNS SOME...
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| 00:36:12 |
Unidentified Speaker, -
GIVEN THE RECENT BOOM IN OIL AND NATURAL GAS PRODUCTION, IS IT SIMPLY NOT POSSIBLE FOR NATURAL GAS TO MEET THE GROWING NEEDS WE SEE TO IMPROVE OUR ENERGY...
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| 00:36:45 |
Unidentified Speaker, -
TO MAXIMIZE INDIGENOUS U.S. GAS AND OIL PRODUCTION. THEN I MENTIONED -- FOR LIGHT DUTY, PERSONAL AND COMMERCIAL VEHICLE. THE USE OF NATURAL GAS FOR...
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| 00:42:12 |
Unidentified Speaker, -
SECURITY. >> YEAH, WELL, FRED'S EXACTLY RIGHT. THE FIGURES SCARE US ALL. THAT 17 MILLION A DAY CONSTITUTES 20%
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| 00:42:21 |
Unidentified Speaker, -
OF THE WORLD'S OIL SIMPLY AND YOU KNOW, I HONESTLY THINK THAT THE SITUATION WITH IRAN IS THE WOLF CLOSES TO OUR SLED. HAPPILY, THERE ARE NEGOTIATIONS...
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| 00:45:44 |
Unidentified Speaker, -
HERE. >> DO I NEED A MIKE? >> YES, SIR. PLEASE SPEAK INTO THE MICROPHONE AND IDENTIFY YOURSELF. >>
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| 00:45:55 |
Unidentified Speaker, -
YOU JUST DID. >> I DID. >>. >> I'VE BEEN JOUSTING WITH CONSERVATIVES ON THIS QUESTION OF SECURITY. AND NOT JUST HAVING MEET THEIR
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| 00:46:12 |
Unidentified Speaker, -
REACTION TO THE FACT THAT ENVIRONMENTALISTS WANT TO GET US OFF FOSSIL FUELS. I MIGHT SAY MR. LUTZ THAT YOU WERE AS UNKINDLY TREATED BY CNBC THIS...
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| 00:47:12 |
Unidentified Speaker, -
CONSERVATIVE DIFFICULTY. SECOND, WHEN WE CALL FOR AN ENERGY POLICY, THAT'S AN ACTUAL PLAN. NOW, FROM WHAT I'VE HEARD TODAY, IS THIS PROBLEM SOLVED SINCE...
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| 00:47:53 |
Unidentified Speaker, -
OF FUNDING THESE
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| 00:47:55 |
Unidentified Speaker, -
RECEIVED WINNERS FROM THE MILITARY BUDGET SINCE THIS IS A SECURITY PROBLEM AND MARKETS CAN'T SEEM TO HANDLE IT. >> WELL, FIRST OF ALL, EVERYBODY IN...
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| 00:48:13 |
Unidentified Speaker, -
MOMENT, A CELL PHONE, RAISE YOUR HAND. ARE YOU TELLING ME THERE ARE A LARGE GROUP OF PEOPLE BACK THERE THAT DON'T HAVE A CELL PHONE? EVERYBODY THAT...
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| 00:52:03 |
Unidentified Speaker, -
ELECTRIC VEHICLES OR WORK ED IN THE
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| 00:52:09 |
Unidentified Speaker, -
BATTERY INDUSTRY KNOWS THAT THERE ARE SIGNIFICANT, SIGNIFICANT BREAKTHROUGHS IN THE WINGS BOTH AT THE NATIONAL LEVEL, UNIVERSITY AND A LOT OF PRIVATE...
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| 00:56:08 |
Unidentified Speaker, -
ASK ABOUT OR BACK TO THE QUESTION ABOUT THE MILITARY ASSUMING SOME OF THE COSTS. >> COULD I STAND UP? >> ABSOLUTELY. >> YOU PROBABLY
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| 00:56:20 |
Unidentified Speaker, -
NOTICED WHEN I WALKED IN, A PROBLEM WALKING. WHEN I SAW THE SURGEON AND BET ES TA, HE SAID, WHAT HAVE YOU BEEN DOING, THAT'S THE WORST BACK I'VE EVER...
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| 00:56:27 |
Unidentified Speaker, -
THAT. AND IT WAS ONE OF THE BEST DECISIONS I THINK I'VE MADE IN MY 37 YEARS AS A MARINE TO SEE AND BE WITH THESE YOUNG KIDS. ONE NIGHT, I WOKE UP IN...
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| 01:02:56 |
Unidentified Speaker, -
REFUELLING CAPABILITY AND I TOLD, STEP GPING ON YOUR TOES, THAT BECAUSE WE HAD INFLIGHT REFUELERS AND WE'RE THE ONLY SERVICE THAT DOES, WE COULD LAND...
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| 01:04:10 |
Unidentified Speaker, -
MILITARY SERVICE. IF YOU NEED A PLATOON, SEND A BATALLION. YOU WANT TO DEAL WITH THE OVERWHELMING FORCE AND WE'RE FEELING THE BEST MILITARY IN THE...
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| 01:06:59 |
Unidentified Speaker, -
AUDIENCE. AL A FRED MOSES. A MICROPHONE UP HERE? >> THANK YOU, KEN. MR. SMITH, YOU SHOULD BE FEELING PRETTY GOOD. FIRST OF ALL, YOU DIDN'T MENTION...
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| 01:07:15 |
Unidentified Speaker, -
THE MOST EFFICIENT USERS OF FUELS OBVIOUSLY LOOKING TO GET VEHICLE THAT ARE MORE FUEL EFFICIENT. YOU'RE A LEADER IN THE INDUSTRY AND YOU SHOULD BE COMMENDED...
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| 01:07:50 |
Unidentified Speaker, -
DON'T GO BACK THAT FAR. LOOKS LIKE YOU DID EITHER,
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| 01:07:58 |
Unidentified Speaker, -
PERHAPS. OVERSTATED. ELECTRICITY. ELECTRIC CARS, WE'RE MOVING IN THAT DIRECTION. WE'RE NOT QUITE THERE YET. WE'RE CERTAINLY MOVING IN THAT DIRECTION....
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| 01:08:59 |
Unidentified Speaker, -
HAS BEEN THIS INCREDIBLE TECHNOLOGY THAT HAS BEEN DEPLOYED FOR NATURAL GAS, AND NOW OIL PRODUCTION. AND AS I MENTIONED, I BELIEVE THAT THE POSITION OF...
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| 01:13:00 |
Unidentified Speaker, -
AND WHEN I LOOK AT JAPAN IN LIGHT OF THE FUKUSHIMA ACCIDENT, THE JAPANESE GOVERNMENT ORDERED ALL NUCLEAR POWER PLAY, MY QUESTION IS JAPANESE ARE...
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| 01:13:54 |
Unidentified Speaker, -
CONTINUE. IN THE HISTORY OF HUMAN TECHNOLOGIES, PRODUCING POWER, I DON'T THINK ANY HAVE THE SAFETY RECORD THAT NUCLEAR DOES. I MEAN THERE HAVE BEEN...
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| 01:15:36 |
Unidentified Speaker, -
FRONT. I'M WITH THE AMERICAN SECURITY PROJECT. WE COVER TOPICS THAT ARE VIRTUALLY IDENTICAL TO THIS. BOB, YOUR COMMENTS ABOUT POLITICIZATION OF THIS,...
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| 01:16:30 |
Unidentified Speaker, -
THE LAST WEEK ALONG WITH EMBRAER OF BRAZIL ANNOUNCED A CONSORTIUM TO WORK ON BIOFUELS. LUFTHANSA, VIRGIN, KLM, I THINK ALASKA AIRLINES, QANTAS, MANY...
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| 01:18:45 |
Unidentified Speaker, -
YOU. I NOTICED FROM THE ECONOMIC ANALYSIS THAT
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| 01:18:55 |
Unidentified Speaker, -
THE CONSULATE HAS AUTHORIZED YOU CALL FOR -- AND MR. SMITH MENTIONED THIS MORNING. YOU CALL FOR THE PHASING OUT EVENTUALLY OF THE SUBSIDIES TO THE...
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| 01:20:06 |
Unidentified Speaker, -
THROUGH TAXATION. WE HAVE 18 CENTS A GALLON FEDERAL TAX ON FUEL, WHICH IS RIDICULOUS. THE AVERAGE IN EUROPE IS $4.50 SO THAT THE GALLON IN EUROPE IS...
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| 01:23:51 |
Unidentified Speaker, -
JUST AS BOB LUTZ DESCRIBED, YOU KNOW, ON A GRADUATED SCALE TO GET TO THE SAME PLACE AND SUPPORTED THE REIMPOSITION OF FUEL EFFICIENCY STANDARDS AND...
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| 01:24:20 |
Unidentified Speaker, -
NOTE, LET ME JUST THANK OUR VERY DISTINGUISHED PANELISTS, GENERAL KELLEY, GENERAL CONWAY, BOB LUTZ,
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| 01:24:28 |
Unidentified Speaker, -
FRED SMITH. ALSO THE COMMUNICATIONS TEAMS AT BOTH SAFE AND HUDSON AND THE WONDERFUL FOLKS AT C-SPAN FOR PULLING TOGETHER TODAY'S EVENT. THANK YOU...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.