But in the US we were going to run out of everything. Well, we're going to run out of everything, but we were going to run out of the crude and crude derivatives. And then Fracking was invented and now the US has larger reserves than Saudi and Venezuela. On the other side, the imf. I think getting back to this message of stability, of monitoring global imbalances, of stepping in early. (28:29–28:39)
CLAIM
Asserts that the US has larger oil reserves than Saudi Arabia and Venezuela due to fracking.
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.
