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But you know, canada, mexico, china, europe, japan all much, much bigger players. much bigger impact on the u.s. economy were we to have similar troubles with those nations. >> what you and i will pay at the pump for gasoline, by how much did the saudis dictate that price? >> almost zero. if you look at what's happening in the united states, brian, the fracking revolution for which the president takes credit, has been going on since 2008. at one juncture in february of 2016 oil was as low as $26.05 a barrel. that was low enough to get frackers to stop because it was unprofitable to drill for o...

The pump for gasoline, by how much did the saudis dictate that price? >> almost zero. if you look at what's happening in the united states, brian, the fracking revolution for which the president takes credit, has been going on since 2008. at one juncture in february of 2016 oil was as low as $26.05 a barrel. that was low enough to get frackers to stop because it was unprofitable to drill for oil in the united states at that point. the saudis and the russians, the rest of opec, drove the prices back up by cutting production. our production has since exploded to 12 million barrels a day. we prod...

Obama couldn't stop the fracking revolution it was so strong. he could slow it down and make it harder. what trump is doing unleashing it. >> yeah. it relates as bill was suggesting to our foreign policy. we moved away from this kind of pointles pointless argument t energy independence. there is never going to be any such a thing with global energy markets. trump has recognize you had that energy markets are global. is he using our skills in energy to establish relationships economically and strategically with allies throughout in europe. this has moved the energy conversation entirely more pr...

Economically, strategically or both. >> economically and strategically. economically, because the united states is now beginning to export up to a million barrels of oil a day, unprecedented because of the revolution in fracking. strategically because energy secretary rick perry was talking about energy dominance. and what he means by that is the united states now exporting all of this energy out there, regarding to establish new relationships with trading partners that we haven't had before. probably reducing the dominance of russia, because formerly all the liquified natural gas would go thr...

Administration and trump even obama couldn't stop the fracking revolution it was so strong. he could slow it down and make it harder. what trump is doing unleashing it. >> yeah. it relates as bill was suggesting to our foreign policy. we moved away from this kind of pointles pointless argument t energy independence. there is never going to be any such a thing with global energy markets. trump has recognize you had that energy markets are global. is he using our skills in energy to establish relationships economically and strategically with allies throughout in europe. this has moved the energy...