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Concessions, for example, on things like carbon sequestration, where you do deal with climate issues. and as well as addressing the environmental concerns created by fracking techniques. but i do think that if you look at the likeliest long term strategy for dealing with the vladimir putins of the world, as well as the saudi arabias, turning the united states into an energy export super power, which is technically now possible, is the way forward. >> okay. michael hirsch, interesting conversation. thank you so much. >> thank you. russian president vladimir putin, makes an unexpected phone ca...

The use of fracking techniques. while at the same time being careful to observe all the environmental concerns. i'm not saying that's going to go away. i do think there is going to be a shift in the political debate. >> the whole concept kind of blows me away that we could have greater oil production by 2017 than saudi arabia? >> that's what the international energy association reported in its study. it does sound rather mind-boggling. but because of some of these new technologies, you know, that opportunity exists. now, export constraints on u.s. energy, that's going to be another topic of de...

Develop their resources and with that wealth are able to strengthen their military and their influence and power on the globe, then other nations are in trouble. >> well, it is interesting, i thought that k.t. mcfarland had good ideas. also that obama should send a delegation to the czech republic, central europe and help them develop fracking techniques. because then, a big part of the equation is russia is rendered impotent. now vladimir putin has control of that, right? >> right, and see in that building of pipelines is an example of developing natural resources and what they can provide to...

Political left pretty unhappy. stuart varney is here to explain. general electric is getting into fracking because that is where the money is at? >> the revolution has arrived and g.e. is part of it. the revolution is fracking. the revolution is going after america's own fossil fuel reserves, natural gas and oil. g.e. is spending $15 billion very quietly, but $15 billion going into improving fracking technology. they built a lab right in the center of the oil and gas industry -- oklahoma city, that's where it is. and they are developing new fracking techniques to make it safer and more environ...