| 00:00:28 |
Unidentified Speaker
THANK YOU, LADIES AND GENTLEMEN, FOR BEING HERE TODAY. WE ARE HONORED BY YOUR PRESENCE, AND GREATLY APPRECIATE YOUR PARTICIPATION. HAPPY NEW YEAR...
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| 00:30:28 |
Unidentified Speaker
FOR BOTH THE FIRST MOST IMPORTANT THING TO DO IS TO DO NO HARM. AND WHAT I MEAN BY THAT IS TO DON'T OVER MASSIVELY OVERREACT AND WE DO ANYTHING THAT WOULD...
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| 00:32:38 |
Unidentified Speaker
TAX POLICY A COUPLE OF TIMES. WHAT EFFECT WOULD REMOVAL OF ENERGY INDUSTRY SUBSEA HAVE ON DOMESTIC ENERGY PRODUCTION AND THE U.S. ECONOMY MORE GENERALLY?...
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| 00:32:51 |
Unidentified Speaker
CORRECT THE FIRST MYTH. THE OIL AND GAS INDUSTRY GETS NO SUBSIDIES. ZERO, NONE, NOTHING. WHAT WE GET OUR COST RECOVERY MEASURES MUCH LIKE MANY OTHER...
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| 00:34:37 |
Unidentified Speaker
OF JOBS, THE NEXT QUESTION SAID I'M NOT FROM A STATE WHERE THERE IS NATURAL GAS OR OIL DRILLING ACTIVITY. DO THE JOB FIGURES AND ECONOMIC BENEFITS INCLUDE...
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| 00:34:53 |
Unidentified Speaker
YES. AND WHAT WE SOME THE STATISTICS, CLEARLY ALL ACROSS THE COUNTRY THE KEYSTONE PIPELINE IS A GOOD EXAMPLE. IT FOUND ECONOMIC ACTIVITY JOB CREATION...
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| 00:36:05 |
Unidentified Speaker
IMPACT. >> A LITTLE BIT OF RECURRING THEMES HERE, FOR WHAT I THINK IS OUR FINAL QUESTION. A GREAT DEAL OF MEDIA ABOUT THE FACT THAT THE U.S. COULD BE...
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| 00:36:33 |
Unidentified Speaker
A NUMBER OF ANSWERS TO THAT. LET ME SAY FIRST, THE COMMENT ABOUT ACHIEVING, NUMBER ONE, OIL-PRODUCING WORLD BY 2020 COMES TO THE INTERNATIONAL ENERGY...
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| 00:39:00 |
Unidentified Speaker
GOT SOME QUESTIONS FROM TWITTER. I'M NOT SURE WHAT THAT MEANS. >>
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| 00:39:05 |
Unidentified Speaker
MARTY IS NOT ART SOCIAL NETWORKING GUY, CAN YOU TELL? [LAUGHTER] >> I WILL EXPLAIN IT TO
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| 00:39:11 |
Unidentified Speaker
YOU LATER, MARTY. >> THANKS,
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| 00:39:14 |
Unidentified Speaker
JACK. ONE OF THE GREATEST THREATS TO PRODUCTION AND REFINING OF AMERICAN ENERGY, WE SORTED TALK ABOUT PRODUCTION. ON THE REFI SIDE YOU MIGHT WANT ...
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| 00:40:45 |
Unidentified Speaker
LET ME THANK YOU ALL FOR BEING HERE TODAY. WE LOOK FORWARD TO WORKING WITH ALL OF YOU AS WE PURSUE SOUND ENERGY POLICY, AND SENATOR HEITKAMP, ONCE AGAIN...
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| 00:41:11 |
Unidentified Speaker
CONVERSATIONS] >> THANK YOU. THANK YOU FOR BEING PATIENT TODAY. I'M SURE YOU'VE ALL HEARD OUR REMARKS SO WHY DO WE JUST OPENED UP THE QUESTION AND ANSWER....
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| 00:41:33 |
Unidentified Speaker
HERE. >>
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| 00:41:34 |
Unidentified Speaker
JIM LANDERS. YOU MENTIONED A FEW TIMES IN YOUR SPEECH THE POTENTIAL OF OIL SHALE IN UTAH, COLORADO AND WHATNOT. I HAVEN'T HEARD MUCH ABOUT THAT. ARE...
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| 00:41:53 |
Unidentified Speaker
TO REPORT ON THAT, OTHER THAN JIM, TO POINT OUT THE POTENTIAL HERE IN THE UNITED STATES OF A VAST ENERGY RESOURCE. A LOT OF PEOPLE DON'T REALIZE THE...
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| 00:42:56 |
Unidentified Speaker
WANTED TO ASK YOU, YOU DID MENTION HYDRAULIC FRACKING JUST THAT, BUT IN THE REMARKS WERE TALKING ABOUT NEW TECHNOLOGIES AND TECHNIQUES. IS THAT SPECIFICALLY...
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| 00:43:14 |
Unidentified Speaker
ACTIVE. AS I MENTIONED EARLIER, PERHAPS LET ME RESTATE IT. A COMBINATION OF HYDRAULIC FRACKING AND HORIZONTAL DRILLING HAS BEEN A GAME CHANGER IN THE...
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| 00:44:33 |
Unidentified Speaker
DOING THIS. >> GOOD TO SEE YOU
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| 00:44:37 |
Unidentified Speaker
AGAIN. >> YOU MENTIONED THE KEYSTONE PIPELINE A COUPLE TIMES IN YOUR SPEECH BUT I WONDER IF YOU COULD COME IF YOU HAVE AN ASSESSMENT WHETHER MY PRESIDENT...
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| 00:44:49 |
Unidentified Speaker
ARE HOPEFUL THAT HE WILL APPROVE IT, AND RIGHT NOW WE ARE ENCOURAGED I WHAT WE'RE HEARING FROM THE WHITE HOUSE. OBVIOUSLY, AS A RESULT OF ALLEGED REPORT...
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| 00:46:06 |
Unidentified Speaker
FROM THE PHONE. I UNDERSTAND WE HAVE ONE ON THE PHONE. NOW WE WILL TEST OUR TECHNOLOGIES. >> THIS CALL IS FROM
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| 00:46:21 |
Unidentified Speaker
PETER JOHNSON. >> YOU ARE
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| 00:46:32 |
Unidentified Speaker
LIFE. >>
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| 00:46:39 |
Unidentified Speaker
PETER? WE CAN GET BACK TO THE. WHY DON'T WE TRY ANOTHER QUESTION OVER HERE. >> WHAT'S YOUR REACTION TO
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| 00:46:48 |
Unidentified Speaker
THE PROBLEM SHALE IS HAVING IN THE ARCTIC? DOES IT SHOW THAT DRILLING CANNOT BE DONE SAFELY IN THAT
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| 00:46:56 |
Unidentified Speaker
REGION? >> GREAT QUESTION, JOHN. LET ME JUST FINISH ONE THING WHAT'S GOING ON IN THE ARCTIC RIGHT NOW. WHAT OCCURRED IS A TRANSPORTATION INCIDENT IN...
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| 00:47:47 |
Unidentified Speaker
SCIENCE MONITOR." YOU MENTIONED SEVERAL TIMES YOUR TALK BEFORE THE NEED TO AVOID PUNITIVE TAX MEASURES AND YOU ALSO MENTIONED A LOT OF YOUR MEMBERS...
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| 00:48:22 |
Unidentified Speaker
QUESTION. WHICH IS VERY TIME AND THE CURRENT DYNAMICS AS WELL. LET ME STATE FROM AN INDUSTRY STANDPOINT, OUR VIEW IS THAT WE SHOULD NOT BE SINGLED...
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| 00:51:13 |
Unidentified Speaker
HERE. >>
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| 00:51:14 |
Unidentified Speaker
DAVID. CAN YOU TELL US WHAT IS YOUR TOP LEGISLATIVE PRIORITY THIS YEAR? >> WE HAVE A LOT OF
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| 00:51:21 |
Unidentified Speaker
PRIORITIES. AS I MENTIONED IN THE EARLIER COMMENTS, THE FIRST ONE IS TO ENCOURAGE GOVERNMENT AND POLICYMAKERS TO DO NO HARM. IF WE LOOK AT THE GAME...
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| 00:53:09 |
Unidentified Speaker
WITH REUTERS. I'VE WANTED TO ASK A QUESTION ABOUT APIs RELATIONSHIP WITH THE OBAMA ADMINISTRATION. I KNOW, WELL, BEFORE THE ELECTION, YOU SAID THAT...
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| 00:55:34 |
Unidentified Speaker
POLICIES THAT RELATE TO OIL AND GAS, AND REMEMBER A FEW YEARS AGO IN THE STATE OF THE UNION, HE REFERREDDED TO OIL AND GAS AND YESTERDAY'S ENERGY, AND...
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| 00:56:43 |
Unidentified Speaker
BNA. >>
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| 00:56:44 |
Unidentified Speaker
YEAH. >> YOU
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| 00:56:46 |
Unidentified Speaker
MENTIONED ENERGY INDEPENDENT IN 12 YEARS. AS THE EFFORTS TO RENEW THE -- [INAUDIBLE] >>
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| 00:56:54 |
Unidentified Speaker
I THINK IT'S CONSISTENT. WHEN YOU LOOK AT THE RENEWABLE FUEL STANDARD -- LET ME BACK UP. WE COULD BE LIQUID, SELF-SUFFICIENT HERE IN NORTH AMERICA...
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| 00:59:18 |
Unidentified Speaker
STANDARD. >> PETER -- [INAUDIBLE] >> YEAH,
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| 00:59:22 |
Unidentified Speaker
PETER. >> [INAUDIBLE] >> CONSIDERING WHAT, I'M
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| 00:59:27 |
Unidentified Speaker
SORRY, I DIDN'T HEAR. SPEAK
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| 00:59:30 |
Unidentified Speaker
LOUD. >> [INAUDIBLE] >> DO I THINK THEY NEED TO
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| 00:59:36 |
Unidentified Speaker
WHAT? >> [INAUDIBLE] >> I THINK, AS YOU'LL POINT
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| 00:59:40 |
Unidentified Speaker
OUT, AS THE SECRETARY OF INTERIOR AND OTHERS, SHELL IS CLOSELY WATCHED AS THEY ARE MOVING EQUIPMENT BACK AND FORTH, AS THEY ARE LOOKING TO DRILL IN...
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| 01:00:29 |
Unidentified Speaker
ETA. WHAT EPA PENDING POLICIES ARE YOU CONCERNED ABOUT IN THE COMING WEEKS AND MONTHS? >> WELL, IN THE SHORT
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| 01:00:35 |
Unidentified Speaker
TERM, WE ARE WORKING CLOSELY WITH THEM ON A NUMBER OF THINGS AS YOU KNOW. THE RIMS RULE MAKING. THE FRAUDULENT RIMS CAN'T BE IN THERE, MANAGE THE...
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| 01:01:52 |
Unidentified Speaker
WITH ENERGY INTELLIGENCE GROUP. >> YEAH,
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| 01:01:54 |
Unidentified Speaker
BILL? >> SPENT MILLIONS
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| 01:01:56 |
Unidentified Speaker
ON ADVERTISING, PROMOTING PUBLIC NAME, AND THE ENERGY SECURITY ISSUES. HAVE YOU NOTICED ANY CHANGE IN THE RELATIONSHIP BETWEEN, YOU KNOW, THE INDUSTRY...
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| 01:02:22 |
Unidentified Speaker
ANSWERS TO THAT. THE FIRST ONE IS WE'RE VERY PLEASED WITH OUR SUCCESS TO DATE AND ONGOING OUTREACH AND EDUCATIONAL EFFORTS, PARTICULARLY WITH THE...
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| 01:04:17 |
Unidentified Speaker
DIRECTION. >> [INAUDIBLE] >> WELL, WE HAVE
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| 01:04:22 |
Unidentified Speaker
MULTIMILLION DOLLAR PROGRAMS AND WILL CONTINUE TO ADVANCE THEM GOING FORWARD TO ENGAGE IN THE PUBLIC DIALOGUE. >> TRY AGAIN THE
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| 01:04:30 |
Unidentified Speaker
CALL-IN. >> PETER JOHNSON FROM
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| 01:04:35 |
Unidentified Speaker
GREAT FALLS TRIBUNE, YOUR LINE IS OPEN. >> PETER JOHNSON, GREAT
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| 01:04:41 |
Unidentified Speaker
FALLS TRIBUNE FROM MONTANA. HOW MUCH HAS DEVELOPED IN NORTH QUARTER MONTANA, ADDING TO THE SELF-SUFFICIENCY OF THE U.S., AND WHAT DO YOU EXPECT IN...
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| 01:04:55 |
Unidentified Speaker
THANKS FOR THE QUESTION. THE FORMATION IN NORTH DAKOTA AND INTO EASTERN MONTANA HE'S REFERENCES, FOR THOSE NOT FAMILIAR, HAS BEEN VERY SIGNIFICANT....
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| 01:06:02 |
Unidentified Speaker
WIRE. >> YES? >> YOU DIDN'T
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| 01:06:05 |
Unidentified Speaker
MENTION GREENHOUSE GAS RULES AS YOU COMMUNICATE KATE WITH EPA ON. I'M CURIOUS, THERE'S COURT ORDER TO FINALIZE DEFINING GREENHOUSE GAS RULE, AND I...
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| 01:06:32 |
Unidentified Speaker
ANSWER. FIRST, NO, THAT WAS OVERSIGHT ON MY PART. CLEARLY, IT IS A CONCERN. SOMETHING WE BELIEVE THAT SHOULD BE HANDLED APPROPRIATELY. THE SECOND PIECE...
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| 01:08:03 |
Unidentified Speaker
EMISSIONS. >> [INAUDIBLE] >> WELL, WITHIN THE
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| 01:08:10 |
Unidentified Speaker
REFINING SECTOR, WE'RE LOOKING AT THAT AND CONSTANTLY IMPROVING WHAT WE DO IN TERMS OF EMISSIONS. AGAIN, WE NEED TO LOOK AT WHERE THE EMISSIONS ARE...
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| 01:08:37 |
Unidentified Speaker
VOA NEWS. >>
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| 01:08:38 |
Unidentified Speaker
YEAH. >> WE'RE A POCKETBOOK
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| 01:08:41 |
Unidentified Speaker
NATION. A YEAR AGO AT THE LAST ENERGY ADDRESS, OIL PRICES AND GASOLINE PRICES APPROACHED RECORD HIGHS. WE'RE SEEING NATIONAL AVERAGE AT $3.30 A GALLON...
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| 01:08:59 |
Unidentified Speaker
THE CONTINUED EVOLUTION OF THIS REVOLUTIONARY OPPORTUNITY. TODAY, MORE OF THE AMERICAN PEOPLE UNDERSTAND WHAT'S HAPPENED IN THE UNITED STATES IN TERMS...
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| 01:10:53 |
Unidentified Speaker
MORE QUESTIONS. >> CHAD
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| 01:10:57 |
Unidentified Speaker
WOODWORTH. YOU MENTIONED A STUDY DONE AND NATURAL GAS, IN PART DUE TO HYDRAULIC FRACKING, BUT ENERGY WOULD NOT HAPPEN IN TODAY'S ECONOMICS, THE PRICES...
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| 01:11:37 |
Unidentified Speaker
THE NEUROSTUDY. THE IMPORTANT THING IS IT REMINDS US THAT GOVERNMENT SHOULD NOT INTERVENE AND REGULATE EXPORTATION OF NATURAL GAS AT THIS POINT. ...
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| 01:13:02 |
Unidentified Speaker
TO THE PHONE, AND THEN WE HAVE ONE MORE QUESTION LEFT. >> YOUR LINE IS NOW
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| 01:13:16 |
Unidentified Speaker
OPEN. >>
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| 01:13:17 |
Unidentified Speaker
OKAY. WE HAVE TWO QUESTIONS LEFT. >> HI, THANK YOU VERY MUCH,
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| 01:13:23 |
Unidentified Speaker
JUST A QUICK QUESTION ON YOUR ACTION TOWARDS SOE INVESTMENTS IN THE U.S., LIKE, FOR EXAMPLE, IF YOU THINK THERE'S GOING TO BE MORE SOE INVESTMENTS...
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| 01:13:54 |
Unidentified Speaker
DON'T HAVE AN OPINION OF THAT. I HAVE NOT THOUGHT MUCH ABOUT IT. WE SEE WHAT THE CANADIANS HAVE DONE WITH INVESTMENT COMING OUT OF CHINA, PARTICULARLY,...
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| 01:14:25 |
Unidentified Speaker
MORE QUESTION. SORRY WE COULD NOT ACCOMMODATE MORE QUESTIONS FROM THE PHONES. WE'LL WORK ON THAT TECHNOLOGY NEXT TIME, BUT THIS IS THE LAST QUESTION....
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| 01:14:40 |
Unidentified Speaker
WIRE. THERE'S NEW -- A COUPLE BIG FIGHTS, AND, PERHAPS ONE ENSUING HERE WITH THE DEPARTMENT OF DEFENSE AND DEPARTMENT OF STATE. YOU EXPECT THERE TO...
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| 01:15:08 |
Unidentified Speaker
TO HURT ANY CANDIDATE BY ENDORSING THEM TODAY. I'LL KEEP THAT QUIET. NO, I THINK CLEARLY, THERE WILL BE SOME CHANGES. OF COURSE, LISA JACKSON DECIDED...
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| 01:16:43 |
Unidentified Speaker
THANK YOU, ALL, VERY MUCH FOR JOINING US. HAPPY NEW YEAR. >> THANK YOU VERY
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| 01:16:46 |
Unidentified Speaker
MUCH FOR BEING HERE TODAY, AND I'M SURE ERIC, OVER TIME, WE CAN FOLLOW-UP AND ANSWER QUESTIONS ANYBODY ELSE HAS SO THANK YOU VERY MUCH, APPRECIATE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.