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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Ceremonial soldiers parade during the 79th anniversary of the Victory Day in Red Square in Moscow, Russia, on May 9, 2024. (Sefa Karacan via Getty Images)