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Speaker 1: On this episode of News World, A day doesn't go

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Speaker 1: by without energy in the headlines, from banning gas stows

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Speaker 1: to prices at the pump, to threast to the world's

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Speaker 1: energy supplies, energy is front center. In his new book

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Speaker 1: Game Changer, Our fifty year Mission to secure America's energy independence,

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Speaker 1: Harold Ham tells the story of his personal fifty year

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Speaker 1: journey battling conventional wisdom and in the process, helping restore

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Speaker 1: America his energy superpower. How did he do it with

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Speaker 1: horizontal drilling? What Ham did was game changing for our

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Speaker 1: country and for the world. Here to talk why American

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Speaker 1: energy independence is the most important policy to guarantee our

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Speaker 1: long term economic and national security, and about his new book.

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Speaker 1: I'm really pleased to welcome my guest, Harold Ham. He

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Speaker 1: founded Continental Resources in nineteen sixty seven and currently serves

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Speaker 1: as executive chairman. Harold, welcome and thank you for joining

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Speaker 1: me on this world.

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Speaker 2: Well, thank you very much. It's good to be here

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Speaker 2: with you. I really appreciate you and buye me on.

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Speaker 1: You are sort of a personification of the American dream.

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Speaker 1: You were the thirteenth child of an Oklahoma sharecropper. Let's

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Speaker 1: just start with that. I mean, what was it like

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Speaker 1: to be the thirteenth child.

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Speaker 2: Well, I always consider myself lucky thirteen. Yeah, it's kind

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Speaker 2: of lucky to be here when you think about it.

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Speaker 2: They could have quit it twelve.

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Speaker 1: You know, that's right. Your mother might have thought that

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Speaker 1: was a good idea. Yeah, I'm sure she did.

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Speaker 2: Well.

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Speaker 1: Your dad was a tenant farmer, and you actually worked

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Speaker 1: with them, pulling cotton and trying to help earn a

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Speaker 1: living for the whole family.

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Speaker 2: We considered our family as unit, and everybody worked for

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Speaker 2: the unit, whether pulling cotton or take care of tours,

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Speaker 2: mulk and cows, all the things on the farm, take

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Speaker 2: care of all the animals and pick the chickens to

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Speaker 2: you name it, horses. We had it all. It was

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Speaker 2: a good existence.

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Speaker 1: I mean, is it really true that you, at five

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Speaker 1: years old you were picking up cotton?

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Speaker 2: Oh yeah, picking bowls. Initially just stack it up in

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Speaker 2: the middle of the row for my dad or mom

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Speaker 2: to pick up as they full cotton by it. Then

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Speaker 2: finally I had my own gunnysack.

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Speaker 1: That was a sign you were sort of graduating to

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Speaker 1: the next level. Yeah, yeah, I understand. You were getting

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Speaker 1: paid two cents a pound.

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Speaker 2: Yeah, that's why we got paid for pulling bowls.

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Speaker 1: That's amazing. How did the school year work if you're

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Speaker 1: spending a good bit of the fall actually helping support

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Speaker 1: your family?

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Speaker 2: Well, I was kind of recognized back then a farm

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Speaker 2: kids had to take care of the fall crops, and

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Speaker 2: we didn't start school like normal kids do. And first

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Speaker 2: September we pulled bowls until either snow came or Christmas,

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Speaker 2: either one. We quit at that point.

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Speaker 1: So when you went to school, weren't you kind of

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Speaker 1: playing catch up every year?

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Speaker 2: Oh? I mean it's far behind. We know where we

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Speaker 2: was at there for a little bit, but you know,

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Speaker 2: we work hard and make sure were caught up and

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Speaker 2: got her great right and went on to the next level.

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Speaker 1: And did you like learning?

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Speaker 2: Oh? I love learning. You know, education is everything I created. Education.

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Speaker 2: As to what got me out of the poverty cycle

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Speaker 2: our family, I didn't know what the time was growing up.

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Speaker 2: We didn't have anything. We didn't have energy for a

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Speaker 2: long time, you know, and we had kerosene lamps at

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Speaker 2: her farm.

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Speaker 1: So somebody said to me one time that they didn't

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Speaker 1: have any money, but they didn't know they were poor.

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Speaker 2: Oh that's exactly it.

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Speaker 1: Life went on and you did the best you could.

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Speaker 2: Yeah, and we had a good time doing it. We enjoyed.

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Speaker 1: How did you migrate from cotton to oil?

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Speaker 2: We always worked, And so I got a chance to

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Speaker 2: work during high school and go to high school and

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Speaker 2: ENID you could go to distributive edge class and you

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Speaker 2: got credit for working as well. So I did that,

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Speaker 2: and so I got down there two extra day and

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Speaker 2: I took a job in Inted, Oklahoma. And going from

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Speaker 2: soun Okalma off of a farm to northwestern Oklahoma. It

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Speaker 2: was totally different because around a whole lot of different people.

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Speaker 2: As home of Champlain Petroleum Company. Large company was also

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Speaker 2: right in the center of the cuentatrim old boom when

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Speaker 2: northeast aeniandfield has been grilled, and I was cast in

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Speaker 2: around a whole lot of people that was totally different

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Speaker 2: than anybody I've been around. And that's the old gas

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Speaker 2: people that's working field up there, and so I was

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Speaker 2: amazed at this type of people. They's a little bit

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Speaker 2: bigger in life, charismatic, generous, and so suddenly I want

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Speaker 2: to know more about them.

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Speaker 1: So you have a totally different culture in a sense

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Speaker 1: when you go from the farming culture in cotton to

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Speaker 1: the dynamics and the excitement of the oil industry. I mean,

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Speaker 1: it's really a very different world.

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Speaker 2: It was. It was totally different, and I'd never been

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Speaker 2: around anything like it, and you know, it's new and

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Speaker 2: exciting and like say, dynamic, and so I want to

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Speaker 2: know about him. And so I had a chance to

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Speaker 2: do some research and study to had to write a

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Speaker 2: thesis in a distributived class for mister Ridge, and so

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Speaker 2: I picked the petroleum industry and wrote a thesis. And

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Speaker 2: by the time I was done, I was totally fast

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Speaker 2: about the Troyan Ministry. And from there on I want

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Speaker 2: to be a part of it.

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Speaker 1: So when you decided to be part of it, you

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Speaker 1: actually start a company. I mean, it's kind of interesting

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Speaker 1: that you're out there from day one, being an entrepreneur.

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Speaker 2: Out of high school. I couldn't go to college. I

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Speaker 2: couldn't afford it. I wanted to go on to ail patch.

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Speaker 2: So I went to work for a contractor and I've

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Speaker 2: worked for him a couple of years, and then I

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Speaker 2: worked for Champlain for a short while. Had a chance

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Speaker 2: to go into business for myself. So I took the leap,

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Speaker 2: and it was quite a leaf leaving Champlain and going

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Speaker 2: out into the wall patch as a service company. But anyway,

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Speaker 2: that's what I want to do. I missed the freedom

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Speaker 2: of the field, being out among the people, and so

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Speaker 2: that's exactly what I wanted to do, and that's direction.

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Speaker 2: I went big risk, realized that that's the time, but

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Speaker 2: made me happy. I was glad to do it.

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Speaker 1: You actually literally start as a one truck operation.

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Speaker 2: I did. I took payments over on a truck. This

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Speaker 2: guy's buying on payments and took payments over on his truck.

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Speaker 2: And it started out and lucky again had enough friends

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Speaker 2: and associates that I made it start out with one

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Speaker 2: small BALLTAEL truck and pursue built it into a very

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Speaker 2: large trucking enterprise.

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Speaker 1: So what are you doing with the truck? Since I'm

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Speaker 1: not an oil guy, I'm really curious here you are,

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Speaker 1: at the beginning of your career. You go one truck,

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Speaker 1: and what are you doing?

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Speaker 2: Well? Doing all the dirty grunt work cleaning out the

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Speaker 2: old field stock tanks. You talked about the greasiest Grammy's

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Speaker 2: starting at the bottom. Certainly that's where I started out.

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Speaker 2: Only one direction go from there, and that's up. So anyway.

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Speaker 2: But it got me out there where I could begin

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Speaker 2: to learn about the industry that I want to know

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Speaker 2: all about and more about it. And so there was

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Speaker 2: a lot of people that mentored to me, had start

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Speaker 2: teaching me about what I need to know to basically

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Speaker 2: do what I've done, become an expiation. So that's what

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Speaker 2: I really want to do. I wanted to become an

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Speaker 2: expiation final on gas in my own right, and so

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Speaker 2: that's just how I could start. And so I knew

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Speaker 2: what I had to do and moved up from there.

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Speaker 2: I established this company nineteen sixty seven, which only a

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Speaker 2: year or two after it began the trucking operation. And

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Speaker 2: then about five years later I had an opportunity that

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Speaker 2: prospect opportunity drill my first wells that and drill some

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Speaker 2: walkcats effect and lucky again that hit and was kind

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Speaker 2: of off to the races, so we'll say, but there's

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Speaker 2: been a lot of time between that first well and

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Speaker 2: today establishing Commonal Resources and the type of company that

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Speaker 2: we are today one of the top ten producers in

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Speaker 2: the US.

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Speaker 1: So you're running in parallel the trucking business and the

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Speaker 1: oil exploration business. They're both going forward.

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Speaker 2: They were both. Going forward, I took on a partner

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Speaker 2: in the trucking business and Les Phelps came in with me,

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Speaker 2: and God worked with the Champlain earlier and anyway, he's

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Speaker 2: a great man. And we built a trucking company into

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Speaker 2: one of the largest oilfield flood services in Oklahoma, and

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Speaker 2: we built up a lot of other service companies as well.

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Speaker 2: A trend drilling company was one of those. And so

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Speaker 2: that actually gave me the hands on iron knowledge that

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Speaker 2: I needed basically to do what we did in creating

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Speaker 2: horizontal drilling that pioneered this new phase of the industry,

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Speaker 2: and this new era of the industry which brought on

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Speaker 2: thing horizonal drilling created the energy renaissance in America.

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Speaker 1: Before we get to that, I want to stick with

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Speaker 1: your biography just for a second, because I think it's

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Speaker 1: very telling emotionally that your first exploration and production company

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Speaker 1: is called the Shelley Dean Oil Company. Why was it

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Speaker 1: Shelley Dean?

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Speaker 2: Well, I had two children. Diana was the oldest, but

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Speaker 2: didn't sound very good Diana Shelley, so he just walked around.

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Speaker 2: Shelley Dean. That was the name of her two kids

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Speaker 2: that we put on the oil company. And that was

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Speaker 2: the beginning that same company that Common Resources is today.

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Speaker 1: But it also sort of captures a little bit of

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Speaker 1: the spirit of the oil field that do you get

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Speaker 1: to do what you want to do. You're your own entrepreneur,

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Speaker 1: it's your own company. In now, when you drilled your

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Speaker 1: first well, did it come through or was it dry?

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Speaker 2: It came through. We had bought some wells from Getty

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Speaker 2: Oil Companies on a prospect area that I had a

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Speaker 2: geologic concept mind, and it worked. It's a six thousand

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Speaker 2: foot deep Oswego prospect in northwest Oklahoma near mcwilliy, Oklahoma,

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Speaker 2: and anyway that worked. In the second well, we stepped

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Speaker 2: out five miles from production and where calm Walcatse didn't

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Speaker 2: have anything around it, but approved the concept of this

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Speaker 2: lineal Prosty's trend that basically ran along the edge of

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Speaker 2: the inner debatement as we'll call it in ancient times,

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Speaker 2: ran for about seventy five miles, So this was a

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Speaker 2: big step out. Proved it up. It contained a lot

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Speaker 2: of on gas and it still produces some today.

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Speaker 1: Hi, this is newt and my new book marks the

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Speaker 1: with America. Explains how we elected the first Republican House

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Speaker 1: majority in forty years in how we worked with President

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Speaker 1: Bill Clinton to pass major reforms, including four consecutive balance budgets.

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Speaker 1: March to the Majority tells the behind the scenes story

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Speaker 1: seven years of being in that business, the way the

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Speaker 1: expiration of production business, just before you're thirty years old,

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Speaker 1: you decide to go to Phillips University. I mean, so

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Speaker 1: you go back for education while you're already a success.

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Speaker 2: Yeah. I just would about it backwards. You go out

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Speaker 2: and make a fortune and go to college. I wouldn't

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Speaker 2: recommend that to anybody.

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Speaker 1: What was it like to be in a classroom with

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Speaker 1: a bunch of kids who are just starting out and

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Speaker 1: you're already a successful businessman?

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Speaker 2: Yeah, good question. It was strange times. This is had

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Speaker 2: an Iranian professor, Alan Bharlow, And anyway, we had a

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Speaker 2: lot of young kids over here from Iren to basically

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Speaker 2: come in. That's when the Shawl was dealing power and

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Speaker 2: they were taking geology right alongside me. But I'd known

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Speaker 2: that I just knew enough to be dangerous as a geologist.

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Speaker 2: I knew it had to get the fundamentals that had

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Speaker 2: no basics. And anyway, Helen B. Harlou Phillips University had

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Speaker 2: had a long history of having a very good sound

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Speaker 2: geological department, and anyway, he ran the department. It was

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Speaker 2: great to have him as an instructor. And anyway, all

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Speaker 2: these young kids, they were sharp. They had left high

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Speaker 2: school for ten years, as I had. I had to

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Speaker 2: get back into groove. I learned good study habits. Again,

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Speaker 2: it was tough me to catch up with them. I

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Speaker 2: learned so much Mallan in that department, all the other

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Speaker 2: professors there was a great education and I certainly need

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Speaker 2: that background. I left a little bit earlier than I

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Speaker 2: wanted to, but I had to get back to run

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Speaker 2: those companies.

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Speaker 1: You go to school, when do you figure out horizontal drilling?

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Speaker 2: It? It was a long while. I got out of school

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Speaker 2: and got back to what I did run those companies.

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Speaker 2: The drilling company was picking up leading up to the

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Speaker 2: boom of nineteen eighty one eighty two, so I was

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Speaker 2: really busy in it. A trucking company was growing, and

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Speaker 2: then we were doing some neat things with her a

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Speaker 2: guests company as well. But in the late seventies early

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Speaker 2: eighties with a drilling company particularly, we were drilling a

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Speaker 2: lot of highly deviated directional wells underneath cities and we

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Speaker 2: got to be a pretty good contractor. Anyway, underneath Oklahoma

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Speaker 2: City tricks A, Oklahoma, we drilled sixteen well to the

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Speaker 2: i'm o guess cap field under Enid, Oklahoma, was reeled

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Speaker 2: post Office, you know, Government Springs Park, you know, all

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Speaker 2: these location from four pads within the city of Enid,

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Speaker 2: and anyway, it gave us a lot of directional experience,

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Speaker 2: and we also learned that we could kick off the

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Speaker 2: bit and put it where we wanted to pretty well,

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Speaker 2: got more accurate in doing that. I described that in

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Speaker 2: my book as being clunky. You know, the expertise the

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Speaker 2: technology that we had back then certainly was but it

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Speaker 2: got us started and we figured out we could do

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Speaker 2: some of this stuff. We also drilled a horizontal well

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Speaker 2: in West Oklahoma Cleveland Sand and that seemed to work.

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Speaker 2: So it gave us some confidence, and we drilled a

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Speaker 2: gas storage injection well up here for one Oak as

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Speaker 2: a drill contractor, and instead of like a normal well,

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Speaker 2: you could inject so much gas into this gas storage field.

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Speaker 2: With this horizontal well, you could inject five times the

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Speaker 2: amount of gas in that gas storage And I thought, well,

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Speaker 2: if you can do that with injection wells, what will

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Speaker 2: production do? And so we started looking for application for

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Speaker 2: using it in a field. And so one of the

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Speaker 2: first fields we found was Cedar Hills Field in North Dakota.

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Speaker 2: And this was a rock that had a lot of

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Speaker 2: prosty no permeability. Vertical wells wouldn't work in it, saying

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Speaker 2: was about nine thousand feet deep. Anyway, I thought horizontals

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Speaker 2: would work in it. We got the bright idea lease

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Speaker 2: it up and go drill it. At one point I thought, wow,

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Speaker 2: we're kind of in trouble. Had a lot of other

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Speaker 2: people up there that had ownership in that same field,

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Speaker 2: and when we would approach them on drilling this thing,

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Speaker 2: they all bailed. So we and one other company it

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Speaker 2: was only companies that ever drill wells horizontal wells in

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Speaker 2: the field, and the field was completely developed with just

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Speaker 2: horizontal wells. It turned out to be a two hundred

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Speaker 2: and fifty million barrel recoverable field. It was super for us,

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Speaker 2: and it was super for the other company that participated. Anyway,

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Speaker 2: it was the first ever horizontal oil field and there

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Speaker 2: was no stimulation of those laterals. Just the well borre

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Speaker 2: lateral in this rock was enough to make it commercially

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Speaker 2: productive and enough to drain the field.

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Speaker 1: You start with these directed wells that go under buildings

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Speaker 1: and you can draw thousands of feet right, Yeah.

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Speaker 2: We could kick it off half mile or something.

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Speaker 1: I was looking at the Alaska fields at one point,

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Speaker 1: and the technologies evolve so much. You can put a

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Speaker 1: pad in and cover a huge amount of area without

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Speaker 1: having to disrupt most of the area.

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Speaker 2: Yes, it's advanced greatly since then. Today we go down

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Speaker 2: two miles, turn right and go three to four miles further.

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Speaker 1: That's amazing. Now you go down and somehow you send

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Speaker 1: a signal and of turns. How does that happen.

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Speaker 2: There's a lot of technology out there today. You know,

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Speaker 2: we have mud motors and a lot of things today

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Speaker 2: that we didn't have back then. So you don't always

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Speaker 2: have to turn a drift train with pop pressure. You

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Speaker 2: can just turn a bit. And we have directional equipment

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Speaker 2: that actually give us the cults back through the mud

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Speaker 2: stream to let us know where we're at directionally. So

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Speaker 2: when you're out there on location today, within the doghouse

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Speaker 2: or central location where all the direction work going on,

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Speaker 2: it looks like NASA at work with all these vellas

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Speaker 2: directing where you going, how you're going, so we can

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Speaker 2: drill over here and hit your tie tech at four models.

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Speaker 1: And so when you're doing that, are you hitting a

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Speaker 1: pocket of gas that then is drained out through the system.

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Speaker 2: A lot of these zones contain different things, you know,

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Speaker 2: like the Baka, it was primarily all in gas fields.

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Speaker 2: Like the Marcellis, you're in a gas reservoir, but with

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Speaker 2: a mud column, you're not getting anything back to surface

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Speaker 2: while you're drilling. You know, once you're done, once a

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Speaker 2: well's case and all that through multi stage completions you

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Speaker 2: bring the well on and some of these wells, of

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Speaker 2: course tremendous.

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Speaker 1: Is it the pressure that's so deep that the pressures

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Speaker 1: on pushing up the oil by itself just because of

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Speaker 1: the sheer pressure that exists at that depth.

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Speaker 2: Yes, we have automn hole pressure, we call it, and

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Speaker 2: watch the MUDs out of the hole and everything overburden

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Speaker 2: is relieved and you know it can come to surface.

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Speaker 1: You make a point about your book Game Changer, that

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Speaker 1: it is both a personal book and a political book.

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Speaker 1: Can you explain how the two weave together?

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Speaker 2: It is both stories come out here through the book,

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Speaker 2: and it wasn't really must be all about me, but

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Speaker 2: it had to be about me. It had to give

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Speaker 2: the reader credibility that I'd earned the right to be there,

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Speaker 2: and also explain what we've done, how it had been done.

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Speaker 2: So both of those things were necessary. So it talks

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Speaker 2: about my life some and it talks about the technology

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Speaker 2: evolution to get this where we're at, and also the

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Speaker 2: results of what we have now. You mentioned it earlier

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Speaker 2: of energy independence national security. We see the importance of

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Speaker 2: that today and really it means even more than that nut.

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Speaker 2: It really means world peace when you think about it.

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Speaker 2: Having energy security from America and the ability basically to

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Speaker 2: move much of the product that we have to our

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Speaker 2: allies and in rare situations like we have now, with

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Speaker 2: Russia invading Ukraine, Russia cutting off supplies to Europe, the

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Speaker 2: ability to move L and G to Europe. Basically, it

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Speaker 2: would have been real coalesced winter had it not been

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Speaker 2: for those tremendous amount of supplies that went to our

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Speaker 2: allies in Europe.

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Speaker 1: You make a point that there's something like ten million

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Speaker 1: jobs that evolve around the oil and gas industry. I mean,

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Speaker 1: it's a major piece of the American economy.

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Speaker 2: Oh it is. It does drive the American economy, and

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Speaker 2: you feel it when you slow it down like it's

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Speaker 2: been done, you know, with the Biden administration. Suddenly the

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Speaker 2: economy suffers as a result of it. And we've seen

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Speaker 2: that happen, and it's not good. It's inflation dreams upward.

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Speaker 2: When fuel supplies wentel and price goes up. I had

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Speaker 2: it forced to drain the strategic Petroleum Reserve, just keep

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Speaker 2: price and fuel down. All those things aren't good. It

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Speaker 2: drives the economy. Certainly, we're affected by federal policy.

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Speaker 1: You make is that you actually help lead the effort

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Speaker 1: to end the ban on exporting oil. That's really important

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Speaker 1: psychologically because it grew out of a period when we

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Speaker 1: were just profoundly wrong about the whole idea of peak oil,

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Speaker 1: and we weren't going to have any more, and we

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Speaker 1: had to have a policy of scarcity, and your development

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Speaker 1: of horizontal d really suddenly destroyed the whole concept of

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Speaker 1: peak energy.

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Speaker 2: It's very easy to explain. We've seen real foil bolts

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Speaker 2: on both sides of the owl, both Republican and Democrat,

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Speaker 2: going back to the Nixon era, if you will, huge

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Speaker 2: foible people want to act like was a error of scarcity. First,

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Speaker 2: it's putting all under price controls. When it went from

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Speaker 2: three dollars and seventy five cents barrel to four dollars,

381
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Speaker 2: he puts it under price controls. Well, we all know

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Speaker 2: how that turned out as a total disaster. You know,

383
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Speaker 2: you limit supplies, just gets worse. So we go into

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Speaker 2: card administration and yeah, we had a real prisis going on.

385
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Speaker 2: But artificial controls on anything doesn't work. And so they

386
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Speaker 2: kept continuing the air of scarcity and then compounded it

387
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Speaker 2: with another real foible when they passed the Fuel Use

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Speaker 2: Act of nineteen seventy seven that prohibited the use of

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Speaker 2: clean burning natural gas and borer fuel for power generation

390
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Speaker 2: and mandated one hundred percent use of coal. Now you

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Speaker 2: think about that today, how bad was that?

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Speaker 1: It's funny to me how one generation of liberals think

393
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Speaker 1: they know everything I want to impose their values, and

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Speaker 1: then a generation later a new set of liberals think

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Speaker 1: the old set of liberals are totally wrong. They now

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Speaker 1: want to reverse whatever was they've already told us we

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Speaker 1: had to do. But they said with the same level

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Speaker 1: of a conviction that they know what they're doing and

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Speaker 1: we don't.

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Speaker 2: Absolutely, yes, you can't turn around. Yeah. Joe Biden was

401
00:25:07,440 --> 00:25:10,800
Speaker 2: young senator from Delaware when I was done. He helped

402
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Speaker 2: craft that bill in nineteen seventy seven and vote for it.

403
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Speaker 2: And if things stayed around ten years until Ronald Reagan

404
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Speaker 2: finally deregulated and got rid of it, and it caused

405
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Speaker 2: acid rain everything else. It is not a good thing.

406
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Speaker 1: So what is the current Biden administration doing that is

407
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Speaker 1: weakening our ability to achieve energy independence and to lower

408
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Speaker 1: the cost of oil and gas.

409
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Speaker 2: Yeah, well, in order to appease his contituents on the left,

410
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Speaker 2: he thought it was necessary. Basically, he was going to

411
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Speaker 2: do away with fossil fuels. I mean that his whole thesis.

412
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Speaker 2: So take the America off fossil fuels, So I don't

413
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Speaker 2: know how things going to do that. It hadn't proven

414
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Speaker 2: that very well. The first thing he did was limit

415
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Speaker 2: and it did this by executive order almost the day

416
00:26:02,480 --> 00:26:06,840
Speaker 2: when in office. Was basically stopped leasing and permitting on

417
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Speaker 2: federal lands. So he took off twenty six percent of

418
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Speaker 2: the land mass and thirty five percent of the productive

419
00:26:13,440 --> 00:26:18,520
Speaker 2: capacity of the US with that one executive order and

420
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Speaker 2: immediately went from the air of abundance again to an

421
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Speaker 2: air of scarcity again. And what happened The price all

422
00:26:26,800 --> 00:26:30,720
Speaker 2: went up. Fuel went up, and inflation went up. We

423
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Speaker 2: make more money, that's all on gas people because he

424
00:26:34,720 --> 00:26:38,280
Speaker 2: forced price all up. Anyway, it wasn't the right thing

425
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Speaker 2: to do, but they're sticking with it. Drained SBR as

426
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Speaker 2: a wartime reserve chest, if you will. Drained that, done

427
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Speaker 2: several other things with policy that trying to harm the industry.

428
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Speaker 2: That continued to do that, so a lot of different things,

429
00:26:57,840 --> 00:27:03,359
Speaker 2: regulatory moves and just continued the foible. But that's the

430
00:27:03,400 --> 00:27:07,199
Speaker 2: importance of this book talking about you know, there's a

431
00:27:07,280 --> 00:27:11,200
Speaker 2: solution here. We need to be smart about what we're doing,

432
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Speaker 2: and we need to sell on energy policy. And one

433
00:27:16,280 --> 00:27:19,640
Speaker 2: administration to the other and we've got to get back

434
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Speaker 2: to that.

435
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Speaker 1: With a new president. How long do you think it

436
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Speaker 1: would take to turn around the system.

437
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Speaker 2: Well, first of all, he could turn that around day one.

438
00:27:28,640 --> 00:27:31,040
Speaker 2: He just gets rid of the executive order same way

439
00:27:31,040 --> 00:27:34,320
Speaker 2: as put on. He just takes it off, So that

440
00:27:34,400 --> 00:27:37,040
Speaker 2: could happen day one. And you know, you can set

441
00:27:37,080 --> 00:27:40,359
Speaker 2: the economy free if you will, and let it go

442
00:27:40,480 --> 00:27:43,560
Speaker 2: back to normal, So that could happen day one. So

443
00:27:43,560 --> 00:27:47,400
Speaker 2: it happened very quickly. Some of these other regulations take

444
00:27:47,400 --> 00:27:50,720
Speaker 2: a little longer to take care of them that they're imposing.

445
00:27:51,560 --> 00:27:54,879
Speaker 2: Some of them are being contested in the courts and

446
00:27:55,040 --> 00:27:59,119
Speaker 2: other places to get rid of those hurdles. But within

447
00:27:59,560 --> 00:28:02,520
Speaker 2: three four years you do a lot to turn around.

448
00:28:02,960 --> 00:28:07,479
Speaker 1: And that would both create American jobs and substantially improve

449
00:28:07,520 --> 00:28:08,520
Speaker 1: our national security.

450
00:28:09,440 --> 00:28:13,080
Speaker 2: Oh absolutely it do both get back to where you

451
00:28:14,000 --> 00:28:17,600
Speaker 2: certainly know that you're going to be energy independent going forward.

452
00:28:18,000 --> 00:28:20,960
Speaker 2: We're not going to be looking at being dependent on

453
00:28:21,000 --> 00:28:24,800
Speaker 2: someone else. And it's real strange to me. This dependency

454
00:28:25,760 --> 00:28:29,119
Speaker 2: is really really a bad thing when you look at it,

455
00:28:29,240 --> 00:28:33,920
Speaker 2: being dependent on OPEC, for instance. Once we got out

456
00:28:33,920 --> 00:28:37,000
Speaker 2: of the way of that, then you could let a

457
00:28:37,000 --> 00:28:40,160
Speaker 2: lot of good things happen, and it would happen, and

458
00:28:40,200 --> 00:28:45,280
Speaker 2: it has happened. The Abraham Accords, they came about because

459
00:28:45,560 --> 00:28:48,640
Speaker 2: of energy independence. A lot of it was do to that.

460
00:28:49,200 --> 00:28:51,040
Speaker 1: We talked about this when we did an event together

461
00:28:51,080 --> 00:28:53,520
Speaker 1: at the National Press Globe and talk about your book,

462
00:28:53,800 --> 00:28:55,880
Speaker 1: and somebody to ask a question about the environment. And

463
00:28:55,960 --> 00:28:59,920
Speaker 1: I mentioned in passing that if we actually could replace

464
00:29:00,200 --> 00:29:03,880
Speaker 1: the Chinese coal burning plants with natural gas, it would

465
00:29:03,880 --> 00:29:08,640
Speaker 1: have the biggest single impact on lowering carbon of any

466
00:29:08,640 --> 00:29:11,040
Speaker 1: single act you could do. Do you think we have

467
00:29:11,200 --> 00:29:14,120
Speaker 1: enough capacity if we worked at it, that we have

468
00:29:14,200 --> 00:29:18,440
Speaker 1: enough reserves, not current capacity, that you actually could replace

469
00:29:18,520 --> 00:29:22,720
Speaker 1: most of the Chinese coal plants with liquefied natural gas.

470
00:29:23,280 --> 00:29:26,560
Speaker 2: We could and certainly eliminate all the new ones that's

471
00:29:26,560 --> 00:29:29,520
Speaker 2: coming on. I mean they put a new one on

472
00:29:29,520 --> 00:29:34,640
Speaker 2: one week over there. And then also the Chinese contractors

473
00:29:34,680 --> 00:29:39,360
Speaker 2: are building a whole lot more in Southeast Asia. Vietnam

474
00:29:39,920 --> 00:29:44,680
Speaker 2: packed ten other places over there. So anyway, about three

475
00:29:44,840 --> 00:29:49,120
Speaker 2: hundred of them last year in twenty twenty two. We

476
00:29:49,200 --> 00:29:52,160
Speaker 2: do have a lot of capacity in a form of LNG,

477
00:29:52,480 --> 00:29:56,280
Speaker 2: clean burning natural gas. We've got about fourteen bcf a

478
00:29:56,360 --> 00:29:59,760
Speaker 2: day that's being exported from US today. That will be

479
00:30:00,560 --> 00:30:04,960
Speaker 2: by twenty twenty five, ramped up to about twenty ecf

480
00:30:05,000 --> 00:30:09,160
Speaker 2: a day. I think it could double by twenty thirty five.

481
00:30:10,040 --> 00:30:14,840
Speaker 2: We've identified, in my opinion as geologists, one hundred years

482
00:30:15,520 --> 00:30:21,680
Speaker 2: additional reserves of natural gas. So it's kind of ubiquitous,

483
00:30:21,800 --> 00:30:24,640
Speaker 2: is what I say. It's kind of everywhere with natural gas.

484
00:30:25,120 --> 00:30:29,000
Speaker 2: Maybe not quite that easy, but the shale certainly opened

485
00:30:29,000 --> 00:30:32,960
Speaker 2: the door to a lot of supply, so it could

486
00:30:33,000 --> 00:30:35,600
Speaker 2: take care of a lot of it. I just think

487
00:30:35,640 --> 00:30:39,320
Speaker 2: we need to be smart. I call it IQ with

488
00:30:39,480 --> 00:30:44,720
Speaker 2: the environment. It's the intelligence quota instead of the quotient,

489
00:30:44,840 --> 00:30:49,240
Speaker 2: instead of the emotional quotient. We need to be smart

490
00:30:49,280 --> 00:30:52,880
Speaker 2: about what we're doing with environment going forward. We've done

491
00:30:52,880 --> 00:30:55,680
Speaker 2: it here in the US. We've cleaned up the air

492
00:30:55,920 --> 00:31:00,680
Speaker 2: back to nineteen seventies level by displacing cobra plants with

493
00:31:00,800 --> 00:31:04,920
Speaker 2: natural gas. Certainly it could be done across the world

494
00:31:05,480 --> 00:31:08,480
Speaker 2: in the same fashion. That's not the only thing that's

495
00:31:08,480 --> 00:31:11,000
Speaker 2: going on in the environment. I understand that and climate,

496
00:31:11,080 --> 00:31:13,440
Speaker 2: but yeah, that's a big part of it.

497
00:31:13,680 --> 00:31:16,760
Speaker 1: Well, you make the point in your book that China

498
00:31:17,640 --> 00:31:22,640
Speaker 1: has increased their emissions by twenty six percent between twenty

499
00:31:22,840 --> 00:31:26,560
Speaker 1: ten and twenty nineteen, and we had actually dropped by

500
00:31:26,600 --> 00:31:30,040
Speaker 1: eleven percent in the same period. So we're actually more

501
00:31:30,080 --> 00:31:33,440
Speaker 1: than meeting our challenges. While the Chinese pretend to be

502
00:31:33,600 --> 00:31:36,680
Speaker 1: concerned about the environment, they're clearly much more concerned about

503
00:31:36,720 --> 00:31:37,400
Speaker 1: their economy.

504
00:31:38,160 --> 00:31:42,360
Speaker 2: Absolutely, they're using coal abundant and like I said, going

505
00:31:42,400 --> 00:31:44,760
Speaker 2: up twenty six percent, we're dropping hard about eleven the

506
00:31:44,800 --> 00:31:48,080
Speaker 2: same period. The adverse of where they need to be heading,

507
00:31:48,760 --> 00:31:51,520
Speaker 2: what they need to be doing India is much the

508
00:31:51,560 --> 00:31:57,040
Speaker 2: same the Paris Agreement by leaving them out as third

509
00:31:57,080 --> 00:32:00,520
Speaker 2: world nations. I guess the way they put it, that

510
00:32:00,680 --> 00:32:03,920
Speaker 2: was such a disservice. That's such a bad thing. We're

511
00:32:03,920 --> 00:32:05,800
Speaker 2: a small part of the whole globe.

512
00:32:07,040 --> 00:32:08,840
Speaker 1: Let me mention one other things, Haricul, I've known you

513
00:32:08,880 --> 00:32:13,000
Speaker 1: for years, and you're an entrepreneur, you have an immense

514
00:32:13,000 --> 00:32:16,640
Speaker 1: amount of science, you're a patriot, have you been remarkably successful.

515
00:32:16,640 --> 00:32:21,280
Speaker 1: But also you've given very generously, including millions to the

516
00:32:21,360 --> 00:32:25,080
Speaker 1: University of Oklahoma's Harold Ham Diabetes Center, an Institute of

517
00:32:25,120 --> 00:32:28,840
Speaker 1: American Energy in partnership with the Oklahoma State University. And

518
00:32:29,200 --> 00:32:31,760
Speaker 1: I just want to commend you for being the kind

519
00:32:31,760 --> 00:32:36,920
Speaker 1: of person who exemplifies why historically in America, people who

520
00:32:36,960 --> 00:32:39,520
Speaker 1: do well have a really high track record of giving

521
00:32:39,560 --> 00:32:43,160
Speaker 1: back and of trying to improve their communities, and you

522
00:32:43,280 --> 00:32:45,440
Speaker 1: certainly personally exemplify that.

523
00:32:46,120 --> 00:32:49,480
Speaker 2: Thank you. That's one reason all got in his industry.

524
00:32:50,120 --> 00:32:53,560
Speaker 2: I found that all all gas people very generous back

525
00:32:53,600 --> 00:32:57,360
Speaker 2: to on giving pledge with Warren Buffett, Bill Gates. That's

526
00:32:57,600 --> 00:33:01,600
Speaker 2: one of the first to join the that pledges to

527
00:33:01,600 --> 00:33:05,680
Speaker 2: give away half your wealth over your lifetime. And so

528
00:33:05,720 --> 00:33:09,520
Speaker 2: I've been working to do that. And then within three

529
00:33:09,560 --> 00:33:14,280
Speaker 2: different areas. Education that's a big one. You mentioned that healthcare,

530
00:33:14,920 --> 00:33:19,440
Speaker 2: Certainly that's a big one. Another one is energy advocacy,

531
00:33:20,120 --> 00:33:24,320
Speaker 2: setting records great and this book does that. A lot

532
00:33:24,320 --> 00:33:27,960
Speaker 2: of people didn't even understand what happened with the resurgence

533
00:33:28,280 --> 00:33:31,640
Speaker 2: of energy in America and how we tripled the production

534
00:33:31,760 --> 00:33:35,080
Speaker 2: of natural gas and crude oil and natural gas liquids,

535
00:33:35,080 --> 00:33:38,960
Speaker 2: the whole thing here in America. One thing has horrizont thrilling,

536
00:33:39,680 --> 00:33:43,520
Speaker 2: and that allowed us to have access to the shels,

537
00:33:43,600 --> 00:33:48,720
Speaker 2: the source beds themselves and develop those. So I think

538
00:33:48,800 --> 00:33:53,720
Speaker 2: it's incumbent upon all of us that are lucky that

539
00:33:53,840 --> 00:33:57,040
Speaker 2: have wealth to give back, and I want to do

540
00:33:57,080 --> 00:33:57,520
Speaker 2: my share.

541
00:33:57,920 --> 00:34:00,200
Speaker 1: Harold, I want to thank you for joining me. It's

542
00:34:00,240 --> 00:34:04,520
Speaker 1: been a fascinating conversation. And your new book, Game Changer,

543
00:34:04,920 --> 00:34:08,440
Speaker 1: Our fifty year Mission to Secure America's Energy Independence, is

544
00:34:08,480 --> 00:34:13,080
Speaker 1: available on Amazon and bookstores everywhere We're someday and listed

545
00:34:13,120 --> 00:34:15,600
Speaker 1: on our show page. So thank you very much for

546
00:34:15,640 --> 00:34:17,000
Speaker 1: taking the time to share with us.

547
00:34:17,200 --> 00:34:19,560
Speaker 2: Well, it's always good to be with you. You're such

548
00:34:19,560 --> 00:34:24,200
Speaker 2: a wonderful person. I appreciate you so much. Yeah, buy

549
00:34:24,320 --> 00:34:28,239
Speaker 2: the book. That's important, and you know, get the word out,

550
00:34:28,320 --> 00:34:31,080
Speaker 2: tell your friends. Good to be with you.

551
00:34:35,239 --> 00:34:37,359
Speaker 1: Thank you to my guest, Harold Ham. You can get

552
00:34:37,360 --> 00:34:40,120
Speaker 1: a link to buy his new book, Game Changer, Our

553
00:34:40,160 --> 00:34:43,680
Speaker 1: fifty year Mission to Secure America's Energy Independence on our

554
00:34:43,719 --> 00:34:47,879
Speaker 1: show page at neutworld dot com. Newtsworld is produced by

555
00:34:47,960 --> 00:34:52,880
Speaker 1: Gamer three sixty and iHeartMedia. Our executive producer is Guernsey

556
00:34:52,960 --> 00:34:57,560
Speaker 1: Slum and our researcher is Rachel Peterson. Artwork for the

557
00:34:57,560 --> 00:35:01,400
Speaker 1: show was created by Steve Penley. Special thanks to the

558
00:35:01,400 --> 00:35:04,760
Speaker 1: team at gingrich three sixty. If you've been enjoying Nutsworld,

559
00:35:05,160 --> 00:35:08,080
Speaker 1: I hope you'll go to Apple podcast and both rate

560
00:35:08,160 --> 00:35:11,239
Speaker 1: us with five stars and give us a review so

561
00:35:11,320 --> 00:35:14,920
Speaker 1: others can learn what it's all about. Right now, listeners

562
00:35:14,960 --> 00:35:18,280
Speaker 1: of Newtsworld can sign up for my three free weekly

563
00:35:18,400 --> 00:35:23,000
Speaker 1: columns at gingrichthree sixty dot com slash newsletter. I'm Newt Gingrich.

564
00:35:23,480 --> 00:35:24,600
Speaker 1: This is Newtsworld