There's about 100 chemical plants in the world under construction, none in the United States. And that's a tragedy because those are some of the best working man jobs. When you bend steel, when you bend aluminum, when you heat treat products, when you dry grain, you use natural gas. I mean, natural gas heats 60 percent of our homes, heats about 70 percent of our businesses. Now, if natural gas was affordable, it would be the natural next fuel for vehicles, because we could fuel, if it was affordable, we could fuel a third of our auto fleet and that would be much quicker than CAFE. And I'm not opposed to CAFE. But it would be much quicker than all the things they're talking about because it could displace 2.5 million barrels a day, just for short haul vehicles who don't go long distances. One of the problems with natural gas as a vehicle fuel is distance because you can't store, you can't have a big enough gas tank to run long distances on a tank of natural gas. But we have, on the Outer Continental Shelf, that's from 3 miles to 200 miles offshore, every country in the world produces both gas and oil there. Now, they may have 20-mile distance out or 30-mile distance out. But they produce, after you pass 11 to 12-mile it's out of sight. And countries around the world, when I tell them we don't produce there, just look at us and they say, why? Norway, Sweden, Great Britain, Canada, New Zealand, Australia, all environmentally sensitive countries, they all produce there.
Editor's note · Context
Discussing the potential of natural gas as a fuel source and the lack of chemical plants in the U.S.
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