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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Iranian workers walk past a destroyed residential building due to Israeli attacks in Tehran, Iran, on June 13, 2025. (Morteza Nikoubazl via Getty Images)