"KUDLOW" IS NEXT.
♪.
LARRY: HELLO, FOLKS, WELCOME TO
"KUDLOW," I’M LARRY KUDLOW.
DAY TWO OF THE SAUDI OPEC
OCTOBER SURPRISE.
EVEN WORSE THAN THE OIL
PRODUCTION CUT, AND THE PRICE
HIKE, IS THE BIDEN RESPONSE FROM
A STATEMENT BY THE NATIONAL
SECURITY AND NATIONAL ECONOMIC
COUNCIL’S DECISION IS, QUOTE, A
REMINDER OF WHY IT IS SO
CRITICAL THAT THE UNITED STATES
REDUCE ITS RELIANCE ON FOSSIL
FUELS, END QUOTE.
"THE WALL STREET JOURNAL"
EDITORIAL BOARD ASKING AND I
QUOTE, DO THESE PEOPLE KNOW HOW
PREPOSTEROUS THEY SOUND, END
QUOTE?
COULDN’T HAVE SAID THAT BETTER
MYSELF.
IN FACT I HAVE SAID IT.
IN LESS THAN TWO YEARS THE BIDEN
LEFTY CLIMATE EXTREMISTS HAVE
GIVEN WORLD ENERGY POWER BACK TO
SAUDI OPEC AND NOW ADD RUSSIA TO
THAT LIST.
DONALD TRUMP LEFT OFFICE WITH
AND ENERGY INDEPENDENT DOMINANT
ROLE.
JOE BIDEN HAS SQUANDERED THAT
LEGACY BY QUICKLY MOVING FROM
INDEPENDENCE TO DEPENDENCE.
BIDEN’S MISBEGOTTEN UNSCIENTIFIC
HYSTERICAL OBSESSION OVER
CLIMATE CHANGE HAS LANDED US
BACK IN THE GRIP OF THE OIL
SHEIKHS.
MAKE NO MISTAKE, OIL POWER IS
WORLD ECONOMIC AND POLITICAL
POWER.
80% OF GLOBAL ENERGY COMES FROM
FOSSIL FUELS.
AFTER SPENDING TRILLIONS AND
TRILLIONS OF DOLLARS IN RECENT
YEARS FOR SO-CALLED GREEN
ENERGY, THE NEEDLE HASN’T MOVED
BUT FOR THE TINIEST,
INFINITESIMAL FRACTION. GREENEYS NEVER PROVIDED A
GREENEYS NEVER PROVIDED A
SERIOUS ALTERNATIVE ENERGY
FRAMEWORK, NEVER, NOT ONCE.
THEY WON’T ACKNOWLEDGE TOWARDS
GREENER ENERGY BY ITSELF WOULD
REQUIRE SUBSTANTIAL CARBON.
THEY MAY NOT UNDERSTAND THIS,
BUT THE MAJORITY OF AMERICANS
SEE RIGHT THROUGH IT.
THE U.S. OIL AND GAS ASSOCIATION
TWEETED YESTERDAY, AND I LOVE
THIS, OPEC SAYS NO.
"SPRO" OPTIONS ALL BUT GONE, THE
WHITE HOUSE HAS ONE OPTION LEFT.
IT IS THE ONLY ONE OPTION THEY
SHOULD HAVE NEVER TURNED AWAY
FROM IN THE FIRST PLACE, THE
U.S. BASED OIL AND GAS INDUSTRY.
LIFE COMES AT YOU PRETTY FAST.
CEO TIM STEWART WILL JOIN US
LATER IN THE SHOW.
I LIKE HIS TRUTH TELLING SPIRIT
EVEN IF THE BIDENS WILL NEVER
UNDERSTAND TRUTH TO POWER.
MEANWHILE ONCE AGAIN THE BIDENS
ARE RUNNING TO HUG THAT FAMOUS
DEMOCRACY LOVING U.S. ALLY
NICOLAS MADURO, THE PRESIDENT OF
VENEZUELA, THE LEADING SOCIALIST
COMMUNIST COUNTRY IN
SOUTH AMERICA.
FOR LITERALLY A COUPLE OF
ADDITIONAL BARRELS OF VERY DIRTY
OIL.
MADURO IS SUPPOSED TO TURN
VENEZUELA BACK INTO A
FREEDOM-LOAFING DEMOCRACY IN
RETURN FOR WHICH MADURO IS
SUPPOSED TO AGREE TO FREE AND
FAIR PRESIDENTIAL ELECTIONS.
MIND YOU, THAT COUNTRY IS
ESSENTIALLY BEING RUN BY THE
CUBAN SECRET SERVICE.
THE REAL DEMOCRATICALLY ELECTED
NATIONAL LEADER IS JUAN GUAIDO,
HEAD OF THE NATIONAL ASSEMBLY.
ARE THE BIDENS TALKING TO HIM?
VENEZUELA HAS BEEN KEPT AFLOAT
IN RECENT YEARS BY RUSSIA, CUBA,
CHINA.
IS THIS WHAT AMERICAN FOREIGN
POLICY SHOULD BE ABOUT?
THERE IS A "WALL STREET JOURNAL"
NEWS REPORT THAT LEFT-WING
DEMOCRATS IN CONGRESS ARE GOING
TO SOMEHOW STOP SAUDI OPEC BY
SUING MEMBERS OF THE CARTEL FOR
ANTITRUST VIOLATIONS, OR
REMOVING U.S. DEFENSE SYSTEMS
FROM SAUDI ARABIA AND THE U.A.E.
WELL, DID THE BIDENS EVER
CONSIDER THAT THEIR NEAR
DESPERATE EFFORTS TO CUT A
NUCLEAR DEAL WITH IRAN IS A KEY
REASON THAT TERRORISTS SCOURGE
OF ISRAEL AND THE WHOLE
MIDDLE EAST MIGHT BE A KEY
REASON WHY THE SAUDIS ARE NOW
TILTING TOWARD RUSSIA?
THEN WE LEARN THAT PRESIDENT
BIDEN IS NOW CONTEMPLATING A
COMPLETE BLOCK ON ALL FEDERAL
OFFSHORE LEASES.
REALLY?
ARE THERE ANY ADULTS IN THE
BIDEN ADMINISTRATION?
IS THERE ANYBODY IN THE
WHITE HOUSE WITH ANY HORSE SENSE
AT ALL?
AND THEN THERE IS TREASURY
SECRETARY JANET YELLEN.
NOW BLAMING PAKISTANI FLOODS ON
GLOBAL WARMING.
REALLY?
YOU KNOW SERIOUS CLIMATE
SCIENTISTS WOULD TELL HER, AN
OBSERVATION LIKE THAT REQUIRES
ABOUT 100 YEARS OF DATA BUT SHE
DOESN’T TALK TO SERIOUS CLIMATE
SCIENTISTS.
INSTEAD SHE IS TOO BUSINESS I
APPOINTING THE TREASURY ADVISORY
COMMITTEE ON RACIAL EQUITY WHOSE
VICE-CHAIR BELIEVES THAT RACISM
SHAPES OUR ECONOMIC RULES AND
INSTITUTIONS AND CALLED FOR A
DEFUNDING THE POLICE A COUPLE
YEARS AGO AND HERE I ALWAYS
THOUGHT THE TREASURY DEPARTMENT
WAS IN CHARGE OF OUR NATION’S
FINANCES LIKE SPENDING TAXING OR
OVERSEEING THE BANKING SYSTEM,
KEEPING THE DOLLAR CURRENCY
SOUND AND RELIABLE.
GUESS NOT.
MY LORD.
WILL THE CAVALRY GET HERE SOON