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2008. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have yes part of the committee. I think youll find that this is a committee that does good work it would like to focus on policy, and would like to do things in a bipartisan way every now and again. So looking forward to starting the new year off with that good foot. We dont have senator capito with us this morning but she is also returning to our committee and i look forward to welcoming her and her ongoing contributions. We do have a lot on our agenda today. Our broad Bipartisan Energy Natu...

Next, a look at the Global Energy outlook with fatih birol. He testified before the Senate Energy and Natural Resources committee about issues including u. S. Oil and Gas Production. This runs an hour and 45 minutes. Good morning, efveryone. The committee will come to order. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have you as part of the committee. I think you will find that this is a committee that does good work. We like to focus on policy and we like to do things in a bipartisan way every now and again. Looking forward to starting the...

Good morning, efveryone. The committee will come to order. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have you as part of the committee. I think you will find that this is a committee that does good work. We like to focus on policy and we like to do things in a bipartisan way every now and again. Looking forward to starting the new year off with that good foot. We dont have senator capito with us this morning but she is also returning to our committee and i look forward to welcoming her in her ongoing contributions. We do have a lot on the ...

Production in the United States this is good news for the us economy is trades and i am quoting you here, combined with the right policies. When you make that statement, are you referring to tax policies, energy policies, a combination of all of that . If you could go into that i would be curious. Very fortunate because we have oil, gas, Renewable Energy sourceand business here. By improvement of the technology you look more and more oil and gas, existing resources if the right incentives are provided to the industry. Number 2, i believe, huge potential to make more use of urban energies, sola...

Political action necessary. What do you think we and you can do to raise the alarm that the biggest and Fastest Growing cost must be addressed . I will follow the path of my predecessor to say, not become a regular commentator on fiscal issues but limit myself to a couple of overarching points. The first is we need to get on a sustainable fiscal path. It is time to be doing that now. The second thing is when fiscal changes are made, it is important that to the extent possible they be directed at enhancing the economy. We cant effect productivity other than keeping prices stable and regulation ...