Discussion with the hudson institute. He weighed in on infrastructure, diversification of Power Sources and issues with the transition to clean energy. This is 30 minutes. Rep. Armstrong thanks for having me. This should be fun. Brigham absolutely. My name is brigham mccown, i am the Senior Institute of the hudson institute. I am in germany. We are part of a global seminar. You are also, by way of introduction, the vice chair of the industry and commerce committee. In the house, you are on several subcommittees, relating to regulation, food, drug safety, and energy. That makes you a very busy and popular man. Rep. Armstrong i dont know about popular, but busy for sure. Brigham yes, sir. One of the initiatives here at hudson is to try to come up with a coherent Energy Security strategy that takes a look at the Domestic Energy policy and how that policy is very important to our National Security, Economic Security as well. You know, from your perspective, starting off here, framing the i
Secondly, even if we are producing okay a few hundred thousand barrels a day more, that in no way changes our linkage to the Global Oil Price and the exposure to a price spike. In fact, if anything, its both the fact that we are connected to the crude Oil Global Market and the fact that we are and i believe will continue to be major oil product exporters. We are exposed just as in that anecdote i gave about britain in 2000, we are exposed to the Global Oil Price spike and thats really the modern issue in terms of what the sprol does for us. Point being, if were allowed to compete in the Global Economy well have a more robust oil and gas industry in this country than well have if were not allowed to compete with a more robust industry were less dependent on the sprol . Again, im sorry, senator i dont its not only the eia but the other studies that have shown that by lifting the oil export ban, we not only, panned our industry we create more jobs and Economic Activity in our country so w
[ applause ] thank you very much for that, pat. That was very inspiring to think about health as being much bigger than health kcare and trying to find the solutions to get us there. Now we are going to turn to avic roy who has just returned from his money moon. Hes the opinion editor at forbes. He has an interesting back glund includes both medicine and finance. Hes a leading conservative change agent and a sought after president ial campaign advisor. Hes currently advising senator marco rubio and has previously advised rick perry and mitt romney. Hes the principal author of the apothecary, the influential forbes blogs. And he also serves on the Advisory Board. Join me in welcoming avik roy. [ applause ] thanks, nancy, and let me just second what you just said there. Its i really enjoyed what andrew and pat had to say. I think its inspiring to see some people focused on improving the quality of the delivery of care. Its been a tough problem, as you all know, and its been actually diff
I think you would have been here. And we had to subpoena you in order to get you to come here. Mr. Pummill, you obviously were subpoenaed because miss hickey left her position, and i suspect that we may invite her to appear before us at a later date. But with that, if there are no further questions, we are now in recess. Coming up tonight remarks from president obama on the keystone xl pipeline and his administrations decision to reject the request from a Canadian Company to build it. He spoke earlier today at the white house and well show you a portion of those comments now. Several years ago the state department began a review process for the proposed construction of a pipeline that would carry Canadian Crude Oil through our heartland to ports in the gulf of mexico and out into the world market. This morning secretary kerry informed me that after extensive Public Outreach and consultation with other cabinet agencies, the state department has decided that the keystone xl pipeline woul
That you please keep your to no more than five minutes. Admiral blair thank you. I have the feeling that everything has been said but not by everybody, so we will fill in notes. Sen. Murkowski thank you for recognizing that. Admiral blair as we approach the 40th anniversary of the creation of the Strategic Petroleum reserve, a lot of the Energy Landscape has changed but the three things that are the same oil market is volatile, american businesses, and American Families are vulnerable, and the spr is our only shortterm line of the defense on supply interruptions, and it would be full hearty to draw down the single weapon we have to counteract Oil Supply Disruptions and price spikes. Madam chairman, you emphasized that your concern was National Security and that is my background and i agree. But Economic Security and National Security are tightly intertwined. The geopolitical actions are causing a disruption in Global Supply and there is a great pressure for military action. When i was