TENNESSEE, NORTH CAROLINA
EXPECTED TO EXPERIENCE HISTORIC
EFFECTS FROM THE LOW DIESEL
SUPPLY.
HOUSE COMMITTEE MEMBER, MEMBER
OF TRANSPORTATION INFRASTRUCTURE
COMMITTEE, CONGRESSMAN BRUCE
WITH USER WESTERMAN, THANKS FOR
JOINING US ON THIS VERY
IMPORTANT ISSUE.
BUSINESS INSIDER, THAT THE BIDEN
ADMINISTRATION CONSIDERING
HINDERING MILITARY AID TO
SAUDI ARABIA BECAUSE OF
PRODUCTION CUT.
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.