T. Boone Pickens and the Hudson Institute's Dr. Arthur Herman talk about the enormous impact hydraulic fracturing and horizontal drilling have had on OPEC and the world economy in general. They also explore how fracking is affecting Russia’s economy and Putin’s view of the United States. The conversation includes discussion of the Keystone Pipeline and the Strategic Petroleum Reserve.

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Defense Secretary Pete Hegseth greets Supreme Allied Commander Europe General Christopher Cavoli before the North Atlantic Council meeting of defense ministers on February 13, 2025, in Brussels, Belgium. (Omar Havana via Getty Images)