So we have an enormous energy cost advantage over China. Over China. They have a labor cost advantage, they have a regulatory advantage. We have the energy cost advantage. China is the world's biggest importer of oil, the world's biggest importer of natural gas. Today China's got common sense and of course they've got less concerns about the environment, less concerns about their people's rights. So I don't endorse the Chinese policies, but they have some commercial advantages over us. (42:03–42:08)
CLAIM
Asserts that China is the largest importer of oil and natural gas.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
