Reaction & Commentary
THIS WOULD BE RETALIATION. BIDEN SAID THERE WOULD BE CONSEQUENCES. WE’RE IN A PRETTY BAD SPOT BECAUSE OF OUR DOMESTIC POLICY HERE AT HOME AS A RESULT OF TAPPING THE SPR UNDER THE 50% LEVEL AND CONTINUING TO YOU KNOW, DIG OIL OUT OF IT. DO YOU THINK THAT THIS IS A WISE
MOVE RIGHT NOW TO START WITH SAUDI ARABIA IN THIS WAY? >> GOOD AFTERNOON, JACKIE. SO GOOD TO BE WITH YOU. NO, I DON’T THINK IT’S A GOOD IDEA. WE’RE SLEEPING IN THE BED THAT JOE BIDEN AND THE DEMOCRATS MADE FOR US AND IT SHOULDN’T BE THIS WAY. WE’RE SEEING THE FED RAISE
INTEREST RATES, TRYING TO ADDRESS THE OVERSUPPLY OF MONEY INTO THE ECONOMY BUT WHAT THE ADMINISTRATION, AND NOBODY IS DOING, IS ADDRESSING THE SUPPLY SIDE PROPS THAT WE HAVE. THE REASON THAT WE ARE SHORT ON DIESEL FUEL, I READ WHERE IT IS THE LOWEST AMOUNT WE’VE HAD SINCE THE 1950S, IS BECAUSE OF
AND ALL OUT ATTACK FROM DOMESTIC ENERGY FROM JOE BIDEN AND THE DEMOCRATS. THIS IS WHAT WE SHOULD EXPECT WITH THESE POLICIES. FORTUNATELY REPUBLICANS HAVE IDEAS HOW TO FIX THIS. I HOPE THE AMERICAN PEOPLE GIVE US THE MAJORITY NEXT WEEK SO THAT WE CAN PUT OUR POLICIES INTO PLACE AND GIVE THIS
ADMINISTRATION THE CHOICE TO MAKE. DO YOU WANT TO DO WHAT’S RIGHT FOR AMERICA, DO YOU WANT TOO DEVELOP OUR DOMESTIC RESOURCES OR DO YOU WANT TO CONTINUE TO PUSH BAD POLICIES LIKE PUNISHING SAUDI ARABIA ON THE MILITARY SIDE FOR SOMETHING THAT IS AN ECONOMIC ISSUE? JACKIE: RIGHT.
>> THIS IS THE WRONG WAY TO GO. JACKIE: WE WOULDN’T HAVE TO RETALIATE IF WE HAD ENOUGH PRODUCTION HERE AT HOME WE WOULDN’T HAVE A PROBLEM. CONGRESSMAN, YOU UNDERSTAND, I UNDERSTAND AS WELL, THAT NOBODY WILL SOLVE THE INFLATION PROBLEM UNTIL WE GET THE ENERGY SITUATION STRAIGHTENED OUT BECAUSE DIESEL IS USED TO
TRANSPORT EVERYTHING. SO AS LONG AS THE PRICE OF DIESEL FUEL STAYS HIGH, PRODUCERS OF PRODUCTS ARE NOT GOING TO BE ABLE TO REDUCE THEIR PRICES AND THEY’RE GOING TO PASS THOSE EXTRA COSTS ON TO YOU, ME, AND THE AVERAGE CONSUMER OUT THERE. >> ABSOLUTELY. DIESEL IS VERY IMPORTANT IN TRANSPORTATION.
IT IS IMPORTANT IN AGRICULTURE AND CONSTRUCTION. IF WE SEE THE DIESEL PRICES GO UP, SHORTAGES WITH DIESEL, IT AFFECTS THE WHOLE ECONOMY. IT IS MORE THAN JUST DIESEL FUEL. IT IS NATURAL GAS. IT IS ALL THE FUELS WE USE TO MAKE ELECTRICITY. IT IS AN ALL-OUT ATTACK ON DOMESTIC IT ENERGY PRODUCTION.
WE’RE SEEING INCREASES TO HEAT OUR HOMES, TO DRIVE OUR CARS. WHERE IT IS REALLY HURTING THE MOST I’M AFRAID IS AT THE SUPERMARKET BECAUSE THESE ENERGY PRICES GET, THEY PERMEATE ALL THROUGH THE FOOD SUPPLY CHAIN WITH NATURAL GAS BEING KEY INGREDIENTS AND NITROGEN FERTILIZER WHICH IS THE BASIC INPUT TO AGRICULTURE. JACKIE: YEAH.
>> SO THESE ATTACKS ON DOMESTIC ENERGY HAVE HURT PEOPLE ON LOW INCOME OR FIXED INCOME THE MOST WITH INCREASED FOOD PRICES. >> REAL QUICK, LAST WEEK TOP BANK CEOs WENT TO SAUDI ARABIA TO SPEAK AT A FORUM THERE TALKING ABOUT ENERGY ISSUES. AND ONE OF THE POINTS THAT THEY
MADE YOU KNOW, ESSENTIALLY THIS ADMINISTRATION HAS TO FIGURE OUT SOME SORT OF COMMON GROUND AND THEY VOICED THAT RATHER OPENLY, I WAS SURPRISED BUT IN THE “NEW YORK POST” CHARLIE GASPARINO WRITESES HOW CEOs ARE TRYING TO FIX BIDEN’S SAUDI OIL MESS BECAUSE HE WON’T. IT IS SO INTERESTING TO ME.
EVERYBODY SEEMS TO GET IT BUT THE PRESIDENT. I HAVE TO STAND BACK AND THINK, MAYBE HE DOES GET IT, HE JUST DOESN’T CARE? >> IT MAKES YOU WONDER. IT IS NOT HARD TO SEE WHERE THE PROBLEMS ARE AND A SHAME THAT OUR CEOs HAVE TO GO TO SAUDI ARABIA?
WHY CAN’T WE PRODUCE ENERGY HERE? WE’RE BLESSED WITH DOMESTIC ENERGY. WE COULD BE CREATING JOBS IN THE UNITED STATES. KEEP US WEALTHY AT HOME INSTEAD OF EXPORTING TO FOREIGN COUNTRIES AND DEPENDING ON THEIR POLICIES TO SUPPLY OUR ENERGY. IT IS ASININE WE’RE GOING DOWN THE ROUTE WE’RE GOING.
IT CAN CHANGE, I’M READY TO GET TO WORK ON IT ON THE NATURAL RESOURCES COMMITTEE.
