JACKIE: LYDIA HU, THANK YOU SO
MUCH FOR THAT.
MEANTIME PRESIDENT BIDEN AND
VICE PRESIDENT KAMALA HARRIS
OVER THE PAST WEEK OR SO
ATTEMPTING TO BRACE THE NATION
FOR EVEN HIGHER ENERGY COSTS.
THAT’S RIGHT, HIGHER THAN WHAT
WE’VE SEEN ALREADY, IF RUSSIA
INVADES UKRAINE.
THE STRONG ECONOMIC SANCTIONS
THAT WOULD BE IMPOSED BY THE
UNITED STATES AND ITS ALLIES
COULD PROMPT EVEN MORE PRICE
HIKES HERE.
LISTEN TO THIS.
PRESIDENT BIDEN: DEFENDING
DEMOCRACY AND LIBERTY ASK
WITHOUT COST.
I WILL NOT PRETEND THIS WILL BE
PAINLESS.
IT COULD BE IMPACT ON OUR ENERGY
PRICE.
>> THESE ARE SOME OF THE
GREATEST SANCTIONS IF NOT THE
STRONGEST WE HAVE EVER ISSUED.
JACKIE: SO THE QUESTION OF
COURSE IS HOW EVERYDAY AMERICANS
ARE GOING TO BE IMPACTED BY THIS
AND IT COULD REALLY BE
SUBSTANTIAL.
WE’VE SEEN GAS PRICES RISE OVER
40% IN THE LAST YEAR OR SO AS IT
IS.
I WANT TO TAKE IT UP WITH HOUSE
APPROPRIATIONS BUDGET COMMITTEE
MEMBER, CONGRESSMAN CHRIS
STEWART.
GOOD TO BE WITH YOU.
WE WATCHED OIL PRICES RISE ON
CONTINUING TENSIONS.
CREEPING CLOSER TO THE ’90s
AND 100-DOLLAR MARK.
AMERICANS ARE STRUGGLING NOT
ONLY WITH INFLATION ACROSS THE
BOARD BUT HIGH ENERGY PRICES.
HERE IS THE PRESIDENT AND
VICE PRESIDENT KNOWING IF THEY
IMPOSE HARSH SANCTIONS ON
RUSSIA, BECAUSE IMPORTS ARE UP
AND OIL IS A GLOBAL MARKET WE’LL
SEE HIGHER PRICES.
SOME WAYS I LOOK AT THIS, THEY
NEED TO IMPOSE THE SANCTIONS BUT
THEY KNOW THEY CAN’T IMPOSE THE
SANCTIONS.
IT’S A VERY DIFFICULT SITUATION.
>> IT IS, THE PRESIDENT LEFT
HIMSELF IN SUCH A VULNERABLE AND
WEAKENED POSITION, OH, MY GOSH,
THINK ABOUT WHAT HE HAS DONE.
THE VERY FIRST THING WHEN HE
CAME INTO OFFICE DEMONIZE THE
OIL AND GAS INDUSTRY.
HE PRESSURES FINANCIAL
INSTITUTIONS NOT TO WORK WITH
THEM, NOT LOAN THEM MONEY.
HE CANCELS THE KEYSTONE
PIPELINE.
HE CANCELS OIL EXPLORATION HERE
IN THE WEST AN NORTHERN ALASKA.
MAKES US FROM A NATION A NET
EXPORTER OF OIL AND GAS ENERGY
TO BEG FROM NATO TO BRING OIL
AND GAS IN THE UNITED STATES.
THE RESULT IS PRICE OF OIL
DOUBLING, PRICE OF GAS UP 40,
50%, WHEN INFLATION IS ALREADY
HURTING THE POOREST AMONG US,
WORKING CLASS AMERICANS.
THIS IS GOING TO MAKE IT MUCH,
MUCH WORSE.
THE FINAL POINT, I THINK THIS IS
SO IMPORTANT.
IF YOU WANT TO HURT RUSSIA, THEN
DRIVE THE PRICE OF ENERGY DOWN.
IT IS BY FAR THEIR LARGEST
EXPORT.
JACKIE: RIGHT.
>> IF YOU WANT TO HELP THEM,
DRIVE THE PRICE OF ENERGY UP
WHICH IS WHAT THE PRESIDENT HAS
DONE OVER THE NEXT YEAR.
JACKIE: YOU BRING UP SUCH AN
AMAZING POINT.
THAT IS REALLY TRUE.
WHEN WE SAW OIL PRICES PLUNGE TO
$25 A BARREL.
WE WERE CHOKING OPEC COUNTRIES,
WE WERE CHOKING RUSSIA.
UNDER PRESIDENT TRUMP OUR
PRODUCTION WAS UP TO NUMBER ONE.
NOW HERE WE ARE, AT THE
11 MILLION BARRELS A DAY
ROUGHLY, BARREL MARK.
THAT IS OUR PRODUCTION IN THE
UNITED STATES.
IT IS DOWN SIGNIFICANTLY.
AND THAT’S ROUGHLY WHERE
RUSSIA’S PRODUCTION IS TOO.
SO WE ARE JOCKEYING FOR THE
NUMBER ONE POSITION.
IN MY OPINION, IT IS NO
COINCIDENCE RATHER WE’RE SORT OF
GETTING INTO IT WITH RUSSIA HERE
WHEN IT COMES TO ENERGY.
>> WELL, THERE IS NO DOUBT ABOUT
IT.
ONCE AGAIN IT WILL HURT EVERY
AMERICAN.
BUT THOSE WHO CAN AFFORD IT
LEAST WILL HURT THE MOST.
IRONICALLY AT THE SAME TIME THIS
PRESIDENT GREEN LIGHTS
NORD STREAM 2, WHAT DOES THAT
DO?
MAKES GERMANY, WESTERN EUROPE
MORE AND MORE DEPENDENT ON OIL
RUSSIA OIL AND GAS.
IT MAKES RUSSIA STRONGER.
HE HAS WEAKENED HIMSELF OVER THE
PAST YEAR.
THE PREVIOUS PRESIDENT, TWO
OBSERVATIONS ON THAT.
NUMBER ONE VLADMIR PUTIN WAS
AFRAID OF THE PREVIOUS
PRESIDENT.
HE DIDN’T EVEN THREATEN THIS
TYPE OF ACTIVITY AND HE WAS
WEAKENED BY THE PREVIOUS
PRESIDENT AND THEIR POLICIES ON
OIL AND GAS DRIVING THAT DOWN.
BOTH OF THOSE THINGS ARE EXACTLY
THE OPPOSITE RIGHT NOW AND WE’RE
SEEING THE OUTCOME OF THAT AND
IF HE REALLY DOES, BY THE WAY I
ARGUE HE HAS DONE THE INVASION,
WHETHER CYBERATTACKS OR THESE
PEACEKEEPERS.
JACKIE: I AGREE WITH YOU.
>> THIS IS A TRAIN WRECK.
JACKIE: I SAY THAT TOO, THE
SEEDS ARE SET.
NO, THE ACTUAL INVASION HAS NOT
LITERALLY HAPPENED YET.
THIS STARTED LAST WEEK.
ALL THE SEEDS WERE SET.
WE HAVE REPORTS THAT 190,000
TROOPS ARE ON THE BORDER.
THESE NUMBERS CONTINUE TO RISE,
CONGRESSMAN AND OF COURSE WE’RE
WATCHING HOW EVERYTHING PLAYS
OUT HERE.
IT WAS IN 2014 THAT PUTIN
ANNEXED CRIMEA UNDER PRESIDENT
OBAMA AND THEN VICE PRESIDENT
BIDE.
YOU’RE RIGHT WITH PRESIDENT
TRUMP HE WAS VERY QUIET TO BE
HONEST.
YEAH.
>> YEAH.
IT HAS BEEN APPARENT FOR MONTHS
HE WAS GOING TO DO THIS.
HEAVENS HE BROUGHT TROOPS AS FAR
AS AWAY FROM THE BORDER WITH
NORTH KOREA.
JUST TODAY HE PREPOSITIONED
FIGHTERS AND OTHER AIR ASSETS,
AS A FORMER AIR FORCE PILOT I
KEEP MY EYE ON THAT.
IF THIS DOESN’T GO IT WILL BE
BECAUSE HE CHANGED HIS MIND.
NOT BECAUSE HE NEVER INTENDED TO