Chad of fox news tweeting a from House Foreign AffairsCommittee Eliot Engel today. I am disappointed and frustrated secretary pompeo will not appear before the committee tomorrow. New passing day raises questions about the strike that killed general soleimani. As there really imminent threat . And a story from roll call this afternoon, congressman isnt backing down and is running for reelection as an independent. Ongressman amash has been mentioned as a possible impeachment manager. The u. S. House is back at the on the he hour and agenda this afternoon, a number of veterans and financial bills. S votes expected at 6 30 eastern. Watch the house live when they at 2 00 p. M. Eastern. Also coming up this afternoon, the Transportation Research on the lds a discussion administrations 2020 transportation and infrastructure policy priorities. You can watch that live at 3 45 eastern on cspan3. At cspan. Org or listen live with the free cspan radio app. Joining us from new , Antoine Halff. Senior Research Scholar at Columbia University center on Global Energy policy. Prices. Talk about oil while we are expansive tensions with iran. Let us begin with the history of the United States getting oil from the middle east. Tell us about that . The volumes have increased dramatically with increased election. The middle east has never accounted for dramatic shares of u. S. Import. From saudia time arabia. U. S. Has keeping the shipping line save is not import into its own country but the stability of the market. Handling is the market u. S. And iran tension . Guest it is quite remarkable. There has not been much of a reaction. There was a kneejerk reaction after the assassination of soleimani and another spike after the retaliation by iran. The kneejerk reaction at the market come down. This is the second time we saw this happen. Back in september of last year, saudis facility was targeted by iran. This was the largest facility. Saudi a major hit to supply. The market took it in stride the second time. Seismic events in the middle east, things that in the past would have caused prices to jump and created a shock, today, not much of a reaction. Host you said the u. S. Is concerned about the stability of the oil market and that is why the u. S. Gets involved with keeping the shipping lanes open out of the middle east. Guest historically, yes. What we are hearing from washington is very different soundbites. Maybe we dont need to worry u. S. Oil in the other producers in the region are getting concerned the u. S. Does not have their back in the event of a confrontation. Host lets show our viewers what area you are talking about. And saudi of hormuz arabia, uae, qatar. Look where they are located as they tried to export supply. According to foxbusiness, 21 of Global Supply pastor the straits each day. Talk about that. Guest this is a major for anynt, pathway supply. There is also gas the goes through the straight. It is a very significant source of energy for the world. U. S. Meaningful for the but significant for asian markets. Backyard. Asia is the the region gets its energy from the gulf. Korea, thechina, strait of hormuz are vital areas. Remarkable thee markets were so quiet. I think that is clearly complacently. Expectation that we have seen most of the escalation and the competition is deescalating. There is a sense of comfort. They also sense the u. S. Has enabled the market to absorb any disruption in the world. Both expectations could be wrong. Host you mentioned the countries getting their oil and gas from the middle east, which countries are they getting it from . The number one exporter is saudi arabia. Then you have experts from almost entirely to northeast asia. They were hit by sanctions twice under the Obama Administration until the negotiation agreement of the jcpoa. Then by the Trump Administration taking effect november of two years ago. With an escalation in may when washington removed the sanction waivers that allowed countries to keep importing at low levels. Arounday, experts from from iran have been a trickle. Host he said saudi arabia is the largest producer. 12 Million Barrels a day compared to 4. 7 million or iran. The ua around 4 million. Kuwait around 3 million. Qatar around 2 million. 2. 4t iran is now at million. Host because of what . The sanction . Guest correct. Host how does the United States oil and Gas Production factor into all of this . Where are we exporting to . Production has experienced the most romantic increase ever seen in history of the oil industry from a single country. The u. S. Is the number one producer of oil, gas, a love home. A of that stays at they pushed back imports. They are now heading to other markets. We have seen exports from the u. S. As well. Ranking in the millions of barrels a day. Months the u. S. Has net exports. Host net zero . Guest positive exports. More export than import. Host how dependent are we on foreign oil . Dependentremain because not all of the oil we produce domestically is registered for u. S. Refining capacity. U. S. Refineries process heavier grades. To optimize the refining system refiners have to has to export from u. S. Production and get a different quality. That makes the u. S. Independent on paper and that it is net positive. But it is very much connected to the global market. The other way in which the waistcoats connected is with prizes u. S. Is connected is with prices. What u. S. Consumers pay at the pump does not depend on the rise in production. It is set by the market in general. They its exposed are very much exposed to the risk. Host in which countries are we dependent on . Most imports come from canada. Canada is very close by. It is also an exporter of heavy oil which u. S. Refiners love. They have the deep conversion capacity to get value out of the barrels. Cheaper. Is typically u. S. Refiners have developed sophisticated capacities that allows them to take the barrels and turn them into highvalue light gasoline and diesel. That is where the imports are coming from. Then you have those from south america, mexico, used to take a lot from venezuela. That has dwindled in venezuela is also under sanctions. Then you have imports coming from the rest of the world. West africa, but those barrels have largely been displaced by domestic production. Host lets get viewers involved. If you have questions, comments about oil and Gas Production, Antoine Halff to take those questions. Democrats 202 7488000. Republicans 202 7488001. Independence 202 7488002. Brian is in michigan. Caller i served a lot of time in the gulf. What are the rules of engagement . You could not keep the straits open but you could turn it on its head and block oil from coming out. Leopold, i served with admiral nyquist and find it offensive we bring on the knew it wasen he the most hostile port on earth. Host tickets comments about bahrain. Guest one point that needs to be clarified the supply in the gulf is not so much about the closing of the straight but hypothetical vranian strike on facility iranian strikes on the region. The capacity to hit facilities in the region, the spike in saudi arabia nobody thought was possible. They demonstrated they were able to pierce a Saudi Air Defense and strike precisely the facility. It was not devastating to the capacity because it was superficial. They were able to restore capacity very rapidly and minimize the disruption to production. Iran to strike at the heart of the industry in the region and fist has been demonstrated. In sarasota,e florida. Democratic caller. Caller i have a question. I appreciate that President Trump is making our Country Energy selfsufficient. We have not built and expanded refineries in decades in the United States. We need to have more refineries so that we can process what we have. Also, what percentage of oil and gas does europe and asia rely upon the middle east for . It seems to me that they are the ones that need the energy from the middle east. Host we will take those questions. Guest you want me to answer that . Host yes, please. Guest ok, great. I think it is true that the u. S. Kept increasing under President Trump. I am not sure any president deserves credit for that. That started years ago. It is driven by the economy. By the private industry, more than political leadership. The increase is driven by industrial and economic processes more than political processes. Largest exporter in the world. Investments in refineries are very expensive. There have been a lot of investments to meet the standards of the organization which has set new benchmarks and new requirements. Refining industry is wellpositioned internationally to compete against refineries in other regions. There is not much room for additional investments. Go to benjamin in new jersey. Caller thank you for taking my call. Host good morning. Caller i think that here in lost track ofve what is behind this iranian issue. Issue oft is less the the conduct of iran then it is our conduct than it is our conduct in the last for years. Go back to when British Petroleum controlled oil. And were taking the oil iran received little revenue from it. Pleaded that we need more revenue from our own and we are going to have to leave the last part of this discussion washington journal to fulfill our longtime commitment to bringing you live coverage of the house. This week the house will vote on impeachment managers, sending the articles of impeachment to the senate. This afternoon, members will consider a number of Veterans Services bills. Votes expected at 6 30 eastern today. To house coverage here on cspan. The speaker pro tempore the house will be in order. The chair will be offered by our chaplain, father conroy. Chaplain conroy let us fray. Dear god we give you thanks for giving us another. Another day. We ask your special blessing upon the members of this peoples house. They face difficult decisions in difficult times, with many forces and interests demanding their attention. In these days give wisdom to all the members that they might execute their responsibilities to the been fit of all americans benefit of all americans. Bless them, o god, and