Morning everyone the committee will come to order, we are meeting this morning to examine the evolving Global Natural gas markets, the increasingly Important Role of u. S. Liquefied natural gas as well as the Competitive Outlook for elegy. America natural Gas Production has literally change the game, we say that a lot around here about that, but, it has been a game changer. Our production has started to the levels that many never even thought possible a decade ago. This in turn is boosting our economy as well as our National Security. It is providing a longterm low cost low emissions source of energy for our manufacturers and residential consumers alike. We have such a massive Resource Base and that we can send substantial values abroad. We are now leading the world and natural Gas Production, hopefully soon we will also lead in exports. Mobile demand for lng, we know is increasing. More u. S. Lng export facilities are coming online and more of our friends and allies around the world a
The speaker pro tempore for what purpose does the gentleman from california seek recognition . Mr. Swalwell i will withdraw an offensive word. Mr. Collins ill withdraw my point of order. Mr. Swalwell may i have 30 seconds. The speaker pro tempore the gentleman has 30 seconds remaining. The chair controls the time. The gentleman has 30 seconds remaining. Does the gentlelady wish to grant him an additional 30 seconds. Ms. Jackson lee im prepared to grant him an additional 30 seconds. Mr. Collins i withdraw my point of order. The speaker pro tempore the gentleman withdraws. Mr. Swalwell we have an opportunity today to condemn or condone. Birtherism is racist. Saying a mexican judge cannot be fair because of his heritage is racist. Saying immigrants from mexico are rapists is racist. Telling four members of the body to go home because of where you believe they are from is racist. There is racism coming out of the white house. There is racism coming out of the white house. So where will you
Import bank with chair Kimberly Reed. This is an hour and 20 minutes. [inaudible conversations] the committee will come t the committee will come to order. Today the committee turns its focus to the export import of the United States. Just last month the Senate Confirmed Kimberly Reed to be president and chairman of the Export Import Bank along with board member spencer bach cuss and judith pryor. The nominations of claudia slei Board Members are approved by this committee and pending on the full senate floor. United states exporters are able to compete very effectively in intern International Markets on the basis of price and quality. However, when foreign governments provide subsidies as a matter of policy and general practice to their exporters, u. S. Exporters are placed at a competitive disadvantage purely because of such financing arrangements. According to the 2017 xm bank, competitiveness report, chinese export credit agencies provided more medium and longterm investment suppor
Topic for usea but one that were eager to have a conversation about and im hoping that this will be the first of a continuing conversation because the matters that were going to address this afternoon are taking on a degree of urgency. Theyve always been urgent, but i think, myself, that the urgency is growing. So thank all of you for coming. We have an excellent set of panelists here today for our discussion. We hope to have audience participation as well. Moderating todays session is mark wolfe. Mark will provide a discussion and will moderate the discussion on the need for Energy Assistance. He is an economist and is an expert on local and Regional Energy and housing financing. He has consulted regularly for federal, state foundation and nonprofit agencies. He is very experienced at testifying before congress, and he is the executive director of the National Energy assistance Directors Association. And the Energy Program consortium and is the Founding Partner of project energy saver
Important here is if he can if President Trump cannot make a bigger better deal with iran i think he is looking to fundamentally weaken iran and not just iran but other major gas exports or a slight cough there and russia because weakening these gas exports has a Silver Lining for trump to help the United States in its own Gas Exploration its own drilling and fracking which President Trump sees as an important piece of his domestic politics for the United States to be energy dominant not just Energy Independent but energy dominant so he cant get this deal with iran his Silver Lining his consolation prize is not bad for him in his view its to minimize the role of other major Energy Exports particularly look particularly russia but maybe even got there Hillary Mann Leverett we thank you very much for speaking to us from washington. Tensions between the u. S. And iran have pushed oil prices up by almost 10 percent thats just in the last week. Its been driven by fears a for u. S. Military