90% decline in rig count, doubling of production, halving of natural gas prices. That is just game changing innovation driven by private capital, entrepreneurs, businesses. Oil where the world's largest importer of oil 20 years ago. Today we're just by far, by a factor of 50%, the world's largest producer of oil of any country in the world. So our energy situation overall has done phenomenally well. And, and Kaz has been an investor in that space and knows that space. Well, that's capitalism, that's dynamism, that's markets. (16:40–16:47)
CLAIM
Asserts that the U.S. is the largest oil producer, by a factor of 50%, compared to any other country.
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