HIGH INFLATION.
HERE’S MY COLLEAGUE.
>> THANKS, TRICE.
JOINING US TONIGHT IS TOBY RICE,
CHIEF EXECUTIVE OFFICER.
>> THANKS FOR BEING HERE.
>> JUST BIG PICTURE, WHAT IS THE
ENERGY MARKET, THE ENERGY
PICTURE WHEN IT COMES TO THE US
TONIGHT.
>> CLEARLY THERE IS AN ENERGY
SHORTAGE GOING ON AROUND THE
WORLD AND AMERICA HAS
EXPERIENCED THAT SAME
CONSEQUENCES AND THAT RESULTS
WHEN YOU HAVE AN ENERGY SHORTAGE
.
RIGHT NOW BUT WE ARE SEEING HERE
IN THE UNITED STATES AS ENERGY
PRICES THAT ARE SIGNIFICANTLY
HIGHER THAN THEY NEED TO BE.
THESE PRICES ARE UNNECESSARILY
HIGH.
SO THAT MEANS THAT THE SOLUTION
IS SIMPLE.
LET’S UNLEASH AMERICAN ENERGY
AND BRING MORE SUPPLY INTO THIS
WORLD AND NOW WE WILL HAVE A
TREMENDOUS IMPACT OF LOWERING
ENERGY PRICES HERE WHILE ALSO
PROVIDING ENERGY SECURITY TO THE
WORLD.
>> JEN SAKI WAS ASKED ABOUT THE
CREEPING PRICES OF GAS
PARTICULARLY GETTING TO 20 CENTS
FROM THE RECORD.
HERE IS YOUR ANSWER.
>> PROVIDE YOU TAKE STEPS TO
REDUCE THE PRICE OF GAS FOR THE
AMERICAN PEOPLE EVERY RACHEL
OPTIONS REMAINS ON THE TABLE AND
WE KNOW THAT INCREASING SUPPLY
AND ENSURING SUPPLY MEETS THE
DEMAND ON THE MARKETPLACE AS
PART OF THAT EFFORT WE ALSO
WATCH CLOSELY FOR ANY ATTEMPT AT
PRICE GOUGING WHAT OIL PRICES
COME DOWN.
>> BE TAKE A LOOK AT THE AVERAGE
, THE NATIONAL AVERAGE
GAS PRICES, AND IT IS UP THERE.
THEY DO TALK ABOUT PRICE GUARD JESUS BUT YOU PRICE GOUGING A
JESUS BUT YOU PRICE GOUGING A
LOT.
>> I THINK PEOPLE TALK ABOUT
PRICE GOUGING.
I THINK THEY’RE LOOKING FOR
SCAPEGOATS WHEN THEY LOOK FOR
SOLUTIONS.
PRICES ARE SET BY SUPPLY AND
DEMAND THAT THE MINISTRATION IS
RIGHT, ONE OF THE SOLUTIONS TO
LOWERING PRICES AT TWO DECREASED
SUPPLY AND THAT IS WHERE THE
FOCUS NEEDS TO BE, NOT VILIFYING
THIS INDUSTRY BECAUSE WE ARE
DOING EVERYTHING WE CAN TO DO
OUR JOBS AT LOWER ENERGY PRICES
FOR AMERICANS.
THIS INDUSTRY IS COMING OFF A
MAJOR PROCESSION FOR OIL PRICES
WERE NEGATIVE AND WERE GETTING
BACK UP TO SPEED AND THERE’S A
TREMENDOUS NUMBER OF THINGS WE
COULD DO TO HELP SUPPORT THIS
INDUSTRY AND TO CONTINUE TO DO
THE GREAT WORK THAT WE DO AND
MONIZ USING MORE PIPELINE
INFRASTRUCTURE AS A WAY THAT
WILL ALLOW US TO DO MORE
DRILLING AND BRING MORE SUPPLY
TO THE MARKET.
WITHOUT PIPELINE INFRASTRUCTURE,
THERE’S NOTHING WE CAN DO HERE
TO MORE SUPPLY TO THE MARKET.
>> YOU FEEL LIKE IT’S AN UPHILL
BATTLE TO INSTRUCT LAWMAKERS WHO
TALK ABOUT THIS EVERY DAY ABOUT
YOUR INDUSTRY AND ABOUT THAT
MAYBE IT IS NOT JUST UKRAINE AND
RUSSIA THAT IS THE REASON FOR
GAS GOING UP?
>> WELL, YOU HEAR A LOT.
LET’S MAKE IT VERY SIMPLE.
THE UNITED STATES HAS A
TREMENDOUS RESPONSIBILITY AND
THE TREMENDOUS OPPORTUNITY TO
LEVERAGE ITS NATURAL RESOURCES
THAT WE HAVE HERE AND LOWER
PRICES FOR AMERICANS, PROVIDE
ENERGY SECURITY AND PROVIDING
ENERGY SECURITY TO THE WORLD FOR
US TO DO THAT, WE SIMPLY NEED
MORE PIPELINE INFRASTRUCTURE.
THIS HAS BEEN A CHALLENGE NOW.
WE HAVE THE LARGEST GAS FIELD IN
THE WORLD OUT HERE IN APPALACHIA
, BUT THESE PIPELINES
THAT HAVE BEEN BLOCKED OVER THE
YEARS, IT’S BEEN OVER SEVEN
PIPELINES BLOCKED PICK PIC THAT
IS EQUIVALENT TO ABOUT 10% OF
THE US SUPPLY.
WITH THESE PIPELINES BEING
BLOCKED, WE ARE UNABLE TO UNLOCK
THIS RESOURCE THAT WE HAVE.
SIMPLY PUT WITHOUT PIPELINES,
THIS SHELL MIGHT AS WELL BE IN
RUSSIA AND IT’S UNABLE TO SERVE
THE PUBLIC AND OUR ALLIES IN
YOUR APPEARED.
>> THAT IS THAT AN IMPORTANT
POINT.
BE REQUIRED TO FOLLOW THIS