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Natural gas available. if the price of gasoline dropped as much as the price of natural gas has dropped, it would be $1.13 a gallon. that's a fact. i wish somebody in the white house press corps would have the courage to ask the president directly how does he think we found natural gas? he cites it, it's in his speeches and he says it's going to create 600,000 new jobs. all of that is a function of drilling. and by the way, ironically yesterday, "the wall street journal" reporter reported that the amount of oil we now think is available in north dakota has jumped from 150 million barrels accor...

We got 1,600,000 signatures back in in 08. if we started then we would be inside the window you are now describing. natural gas production has gone up 11 percent since 2008. the price has crashed from 7.97 a unit down to under $3. from 2008 to today it crashed. if you had the same pattern in oil that you had in natural gas you would be paying 1.13 a gallon. i didn't project that. i am not saying you will get there but that is literally the direct parallel you have in the united states with natural gas in the last four years. >> let me go to another subject. there has been a terrible incident w...

We got 1.6 million signatures in '08, when gas prices were up to $4. if we started there, we would be inside the window you are notice describing. natural gas production has gone up 11% since 2008. the price has crashed, from $7.97 a unit, down to under $3. from 2008 to today, it's crashed. if you had exactly the same pattern in oil that you had in natural gas, you would be paying $1.13 a gallon. i am not projecting that. i am not saying you can get there, but that's the direct parallel in the united states with natural gas in the last four years. >> chris: let me pivot to another subject. the...

Within a year with expedited procedures. that's 700,000 barrels a day going to houston from canada. there are a number of steps like that. i'd sign opening up the gulf off of louisiana and texas, about 400,000 barrels a day. the folks down in louisiana believe that could start turning around very fast once they knew it was coming, so there are steps you could take that would dramatically lower the price of gasoline. 2.50 a gallon is not irrational. it was 1.89 when obama was sworn in. it was 1.13 when i was speaker. you can imagine circumstances to get below 2.50. the key thing is the directio...

We got 1,600,000 signatures back in '08 when as you point out gasoline prices were up to $4. if we had started then, we would be inside the window you're now describing. natural gas production has gone up 11% since 2008. the price has crashed from $7.97 a unit to under $3. from 2008 to today, it's crashed. if you had exactly the same pattern in oil that you had in natural gas, you'd be paying $1.13 a gallon. i didn't project that. i'm not saying you'll get there, but that is literally the direct parallel to what's happened in the united states with natural gas in the last four years. >> let me...