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Howard Lutnick: “We need fossil fuels for the next 30 and 40 years.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick on CNBC - Donald Trump Transition and Policy

Published | Video Starts at 07:09

It doesn't work. So that, that breaks the rule. And then you go to suburban. How do I commute to, to and from in an electric car? So We need fossil fuels for the next 30 and 40 years. Someday we'll get good enough in batteries. My view is we should unleash American genuity even more so to build batteries that's counterfactual before we go to electric cars, which are all produced in China and the batteries are all produced in China. (07:09–07:13)

CLAIM

Asserts that fossil fuels will be necessary for the next 30 to 40 years.

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