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Rick Santelli video: The 'good news' on energy

Tuesday, 6 Aug 2013 | 11:34 AM ET
Santelli eyes trade deficit
Tuesday, 6 Aug 2013 | 10:46 AM ET
CNBC's Rick Santelli explains how a narrowing in the nation's trade deficit is a good sign for the energy complex.

In his "Santelli Exchange" segment. CNBC's Rick Santelli sees some very "good news" as the U.S. trade deficit falls to a 3-1/2 year low.

Santelli points out that the U.S. is exporting more energy and importing less of it. He thinks that's evidence of strength for the sector.

"This is one area where there's been very little nurturing by any government official. It's pretty much something from the bottom up."

He'd still like to see some help from Washington, especially approval for the Keystone pipeline.

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