Yes. Natural gas, I call it America's clean, green energy, no NOx, no SOx, a third of the CO2. It's almost the perfect fuel. Now, a lot of people don't realize what all we do with natural gas, but natural gas is the basic ingredient of many of our products, polymers, plastics, petrochemical. Everything we manufacture has some form of natural gas in it or we have used natural gas to do it. Natural gas is America's hope for the future. I call it the bridge fuel. Now, just a few years ago, in fact, 6 years ago, we had $2 natural gas, and we had $16 oil. Just 6 years later we now have $7 natural gas, but we haven't had a storm in the gulf yet, we haven't started our winter heating yet. We know those prices will skyrocket much higher. Well, it amazes me. I am going to speak a little bit about oil. $87.50 was the price of oil, that it just closed at. Not a crisis in this Congress. I haven't heard any rustling of activity. We have a Senate bill and a House bill not conferenced on yet. I haven't seen where the House and the Senate have agreed to have their conference committee and move forward with their bill. Now, maybe it's a good thing they don't, because let's just look at it. With the natural gas prices we have today, highest in the world, here is what their bill does. Their bill locks up 9 trillion feet of natural gas in the Roan Plateau.
Editor's note · Context
Discussing the importance of natural gas and its pricing during a speech on energy policy.
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