John W. Peterson: “If your foreign competitor is melting steel or making a product with $1.25 natural gas, you have a huge disadvantage…”

They're drilling platforms, and it takes years to get there. So some of these are in process. A lot of them are old, tired leases where we're now drilling between wells. And the return, we're drilling three times as many wells as we used…

We keep hearing from over there that it was all ethanol. Ethanol was just a piece. It was 15 percent. The rest was normal oil and gas energy. But they had a plan. I think we ought to have a plan for North America. Stop and think about…

If the Democrats win this debate and we don't produce energy--if we use these old statements of 68 million acres and 80 something percent is leased, that is not factual; 2.5 percent of the Outer Continental Shelf is leased, the good spots…

I think there is more to it than that, though. It is local leadership that is part of it, because local leaders had to recognize the program could assist them, and they reached out and adopted it. Many states still haven't.