NOW YOU KNOW.
BEYOND MEAT'S AT $123 PER SHARE.
>>> THE ENERGY DEPARTMENT MAKING
A BIG ANNOUNCEMENT, AUTHORIZING
LIQUID NATURAL GAS EXPORTS FROM
LOUISIANA.
ENERGY SECRETARY RICK PERRY
JOINS US NOW.
MR. SECRETARY, WELCOME TO THE
SHOW.
GREAT TO HAVE YOU WITH US AGAIN.
>> GOOD TO BE WITH YOU.
THANK YOU.
STUART: THIS IS JUST THE START,
ISN'T IT, OF EXPORTING NATURAL
GAS?
>> WHAT A STORY.
15 YEARS AGO, THEY TOLD US WE
WERE AT PEAK OIL, HAD FOUND IT
ALL BUT THEY FORGOT TO TELL A
FEW FOLKS DOWN IN TEXAS LIKE
GEORGE MITCHELL THAT HYDRAULIC
FRACTURING, DIRECTIONAL DRILLING
THAT BECAME THE INNOVATION AND
TECHNOLOGY THAT HAS CHANGED THE
WORLD.
TODAY, THE UNITED STATES IS
RIGHT ON THE VERGE OF BEING A
NET ENERGY EXPORTER.
WE ARE ONE OF THE THREE LARGEST
LNG EXPORTERS IN THE WORLD.
JUST A FASCINATING STORY, BUT A
LOT OF PEOPLE'S LIVES ARE
GETTING BETTER, THE CLIMATE IS
BEING ADDRESSED IN A VERY
POSITIVE WAY BY THIS, AND JUST A
GREAT STORY ABOUT AMERICAN
INNOVATION, AMERICAN TECHNOLOGY.
STUART: MR. SECRETARY, IS IT
TRUE IN THE INTRODUCTION OR IN
ONE OF THE -- IN THE PREVIOUS
BLOCK, I SAID AMERICA IS NOW THE
LARGEST PRODUCER OF OIL AND
NATURAL GAS.
IS THAT ACCURATE?
>> YES, SIR.
AND THE POINT RIGHT AT IT IS IF
WE'RE NOT THERE THIS MONTH, WE
WILL BE IN THE NEXT FEW MONTHS.
IT IS A FASCINATING STORY, WHEN
YOU THINK ABOUT IT, THAT IN THE
NEXT 18 MONTHS, YOU ARE GOING TO
SEE A DOUBLING OF THE LNG THAT
THE UNITED STATES IS BRINGING TO
THE MARKET.
I MEAN, JUST FASCINATING STORIES
TODAY.
WE ARE GOING TO BE ANNOUNCING
THIS THREE BCF PLANT DOWN IN
JUST SOUTH OF NEW ORLEANS AT
PLAQUEMINES, LOUISIANA.
RIGHT NOW, WE ARE BRINGING ABOUT
SEVEN BCF TO THE MARKET BILLION
CUBIC FEET PER DAY TO THE
MARKET, WHEN THIS PLANT IS OPEN,
IT'S GOING TO BE AN ADDITIONAL
THREE.
STUART: SORRY TO INTERRUPT YOU
BUT THERE ARE SOME PEOPLE WHO
SAY LOOK, WE ARE PRODUCING ALL
THIS OIL AND GAS, LET'S KEEP IT
IN AMERICA, DRIVE PRICES DOWN
AND ALL OUR CONSUMERS BENEFIT.
WHY EXPORT IT.
WHAT'S YOUR ANSWER TO THAT?
>> WE ARE USING ALL THAT WE CAN
PRODUCE HERE IN THE UNITED
STATES AS IT IS.
WE ARE DRIVING DOWN THE COST OF
ELECTRICITY IN MOST PLACES IN
AMERICA.
THERE ARE SOME PLACES LIKE NEW
YORK THAT FORBID NATURAL GAS
PIPELINES FROM BEING SENT ACROSS
THEIR STATE.
IF YOU LOOK AT A MAP, STUART, ON
KILOWATT HOUR COST, ONE OF THOSE
BRIGHT RED PLACES WHICH MEANS
THE HIGHEST KILOWATT HOUR COST
IS IN NEW YORK.
YOU LOOK AT MY HOME STATE OF
TEXAS, IT'S AT LEAST HALF OF
THAT OR LESS.
SO AS PEOPLE MAKE THE DECISION
ABOUT WHERE ARE YOU GOING TO GO
BUILD YOUR MANUFACTURING, WHICH
WITH POWER BEING A MAJOR COST
DRIVER, LET'S SAY DATA CENTERS,
FOR INSTANCE, THEY'RE NOT GOING
TO GO TO NEW YORK.
NEW YORK'S NOT EVEN GOING TO BE
IN THE CONVERSATION BECAUSE
ALBANY AND THE GOVERNOR HAVE
DECIDED WE'RE JUST NOT GOING TO
PUT NATURAL GAS PIPELINES ACROSS
OUR STATE.
I THINK A REALLY BAD ECONOMIC
DECISION FRANKLY, A BAD
ENVIRONMENTAL DECISION BECAUSE
THERE ARE POINTS IN TIME WHERE
NEW YORKERS ARE HAVING TO LOOK
FOR DIFFERENT FORMS OF ENERGY
AND THEY ARE GOING TO OLD,
INEFFICIENT FUEL OIL TO DRIVE
THAT WHICH IS REALLY BAD, IT'S
REALLY COSTLY AND REALLY BAD FOR
THE ENVIRONMENT.
STUART: MR. SECRETARY, I WORK IN
NEW YORK.
TELL ME ABOUT IT.
ONE QUICK POLITICAL QUESTION.
WILL YOU COMPLY WITH THE
SUBPOENAS FROM HOUSE DEMOCRATS
TO SUPPLY DOCUMENTS BY FRIDAY?
>> LISTEN, THE HOUSE HAS SENT A
SUBPOENA OVER FOR THE RECORDS
THAT WE HAVE, AND OUR GENERAL
COUNSEL AND THE WHITE HOUSE
COUNSEL ARE GOING THROUGH THE
PROCESS RIGHT NOW, AND YOU KNOW,
I'M GOING TO FOLLOW THE LEAD OF
MY COUNSEL ON THAT.
STUART: OKAY.
WE WILL WAIT FOR THAT.
MR. SECRETARY, THANKS FOR
