I'm sure it does. But new supply, new competition always adds stress to industries, and that's what drives innovation and progress in America. That's why we're the biggest energy producer in the world. And I could go on in other industries as well. Competition drives improvement. The purpose of capitalism is not to protect businesses. It's to serve consumers. (10:03–10:06)
CLAIM
Asserts that the U.S. is the largest energy producer globally.
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.