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Save 20% cost of electricity. we've got to do it. i mean we have never been tasked on energy. we just go along, add to and piecemeal, but we've always had cheap oil. and cheap oil has gotten us into a lot of problems. >> you think that's the reason we're in libya now? >> for oil? >> yeah. >> no. no, i don't. i don't think that's why we're in libya. >> why do you think we're in libya? >> i don't know, but i don't think it's for oil. i understand the libyan situation. we don't like the guy running the place and the people that are after him have been shooting at us in afghanistan and iraq. so i ...

In north america, from north of midland texas to south dakota, we never had a problem. fresh water is above 1,000 feet, you're down at 10,000 feet. you've got two miles of sediments between you and the fresh water. no problem. >> what can be done to relieve some of the anxiety about it? >> well, you could go back, and i suggested this in washington the other day. i said -- they were talking about tracking the next hundred wells or something. i said so back and look at, say, a thousand wells out of the '50s, out of the '60s, out of the '70s, out of the '80s, look at the wells and the history of...

>> thank you. but we've had -- we've logged a lot of time on this subject, we have. >> yes. >> and it's good for america what we're doing. it is good for america. it has to be done and it has to be done now. >> i believe it. listen, i look forward to talking with you more about this tonight at the town hall. >> thanks. >> t. boone picken, it's been clear that washington simply is not willing to tackle this crisis. at least it hasn't been for decades. that's why we have convened this energy summit, to bring together people with different ideas with the same ultimate agenda, to free america from...

Want to control it, those who abuse it. if we want a stronger, safer america, and for that matter a stronger, safer world, should we start talking more seriously about crushing the strategic importance of oil on this planet. joining us now, former cia director, james woolsey, to have that conversation. nice to see you. >> good to be with you. >> before we get into oil, and i don't know how much you can talk about this, but what are the intelligence resources we have and are they adequate to get involved in a military conflict like the one we're in with libya. >> i have no inside knowledge of t...

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