Despite some struggles of our own, Americas business and economic system remains the envy of much of the world.

Chinese growth will either be strong or very strong. They have a voracious demand for energy that will only continue to grow. What they're doing... is looking at all forms of energy. They're going ahead very strongly with coal, nuclear, oil, natural gas.

Natural gas will displace coal in power generation. Getting natural gas into the transportation fleet is harder. It works best for vehicles that work from centralized fueling facilities like trucking fleets or buses and cabs. That is happening. Before it can make big inroads beyond that, infrastructure is going to need to be developed.

About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.

Actually, I'm a strong supporter of comprehensive tax reform.

Price creates incentive, and energy will be developed if there's demand for it at the price you can develop it.

Despite some struggles of our own, Americas business and economic system remains the envy of much of the world.