John Delaney: “I think you made a very good point about the amount of cash in our private sector. There is more cash in U.S.…”

“I think you made a very good point about the amount of cash in our private sector. There is more cash in U.S. corporations than there's ever been, and there's more cash in our banks than there's ever been. I believe the private sector creates the jobs, but there is a clear and distinct role for government to level the playing field and make the investments that are needed for the private sector to thrive. The energy industry is a terrific example of that. If we had a national energy policy that pointed us in a common direction where we could say this is where we want our energy production and utilization to be in the future, it would benefit Americans so much in the short term because of the quality of their life in terms of making us more competitive. If you look back over the history of this country, it takes us about 50 years to change energy sources. It took about 50 years to go from wood to coal; it took about 50 years to go from coal to oil and natural gas; and it will take about 50 years to truly have this advanced, clean, efficient energy economy that we know we should have as a country. We should have policies in place that encourage that. And natural gas can be a fabulous bridge to that future. There has to be accountability. We need to ensure that it is done in an environmentally sensitive way.…”