Impact of Chavez's death on oil imports
Jon Huntsman Jr. weighs in
- Duration 3:34
- Date Mar 6, 2013
Jon Huntsman Jr. weighs in
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Why this is that Caracas Venezuela tens of thousands of mourners are clamoring to get a final glimpse of a cough -- of one Hugo Chavez.
But the death of the controversial leader is fueling a different kind of scramble right here.
He is oil less of political souls of say weapon and and whoever his successors.
-- likely do the same thing so with things in a -- there.
Republican presidential candidate and you -- governor Jon Huntsman junior.
Says this time it's time to start flexing our pipeline muscle.
Here governor very good to have you can nail on the view the same here.
Should we respond.
To his -- what type of overtures China we did -- customary thing the administration.
We were thinking the Venezuelan people's habits and what we did.
Well we have to do that which isn't gonna naturally give rise to another Hugo Chavez kind of character so what created the environment for -- rise that was a collapse in oil prices back.
In the late nineties and then what gave him sustaining power it was the rebound of the marketplace in the money that he made.
Through the two thousands ultimately rationalizing the oil industry.
Cutting off his relationship with the United States he was -- use that money to buy a lot of populist support.
And to foment revolution and horrible behavior in the Latin American region.
With Bolivia and beyond while his lieutenants hardly seemed to view the different -- -- what do we do it's hard to know because you know he's such unique personality and he came do it with some unique characteristics at a time in history it's hard to say that that's -- -- be -- replicated.
But you know you're going to have the change in Cuba.
That's inevitable in the next few years here who were having a change in Venezuela which is to say there's an opening regionally for the change take place all the while.
Right here domestically we have a chance to get back on her feet in terms of energy independence we used to get that pipeline -- -- got to be done.
You know it's 800000.
Barrels in terms of -- it connects us even more with Canada which is a good regional play bringing product.
Out of Alberta.
It brings product out of North Dakota in ways that will.
Allow -- to kinda get back on our feet we can't be a viable economy until we control -- off.
From a -- -- resources.
And -- a senator a lot of environments and like you when -- on different and they say well.
-- we love.
Governor Huntsman when it was thousand looking after the environment -- how -- he sees something that's they argues that it is for.
-- -- -- like what it does in terms of natural gas I ran my car natural gas I think natural gas is the bridged the future.
It's cleaner it's more accessible.
And to my mind this is going to be one of the great engines of economic growth for this country.
I think we're all trying to get our heads around what this actually means in terms of firing the engines of growth here domestically so for her husband -- environmentalists think that.
That it's these unions and those supporting minutes or her overstating the job and -- -- the that the fact that we have.
Access to were owned domestic sources of product natural gas is cleaner.
It's accessible and people -- retooling their manufacturing facilities to accommodate natural gas so for manufacturing company if you have input raw material prices.
That -- the equivalent of fifteen to twenty dollars for -- a barrel of oil.
The Chinese are paying a hundred bucks the brits are still playing -- and -- that is a game changer and I don't think we've begun to understand what this means in terms of job creation.
Economic growth and longer term competitiveness this country can -- switch gears very -- go.