Published: July 19, 2012
Honeywell's CEO and BRT vice chairman Dave Cote talked to CNBC's Jim Cramer on Wednesday, a discussion that started on natural gas and then moved on to the economy in general.
From the video:
When it comes to natural gas, the best thing they can do is just not over-regulate it. We should make sure in shale gas the drilling is done correctly and we come up with a standard that makes sense. We should do it quickly, not drag this thing on for three years. We should do that, because I think that makes sense.
But at the end of the day, if you go around the world -- the competitiveness of countries around the world -- we have gone from a billion people in the global economy to four billion now, when you add China, India, CIS states. We act like we did, whether it's debt, energy, infrastructure, math and science, tort reform, free trade. We need to start moving. That's why I keep talking about debt, saying we've got to get off of this thing. And natural gas is one of those things that can help give us an economic boost.
More Cote, talking about America's fiscal challenges, here.
CNBC has been a roll lately interviewing BRT-member CEOs, and the"fiscal cliff" that threatens the U.S. economy and employment is a recurring topic. (Earnings reports also come up, of course.) Thanks!