THE PIVOT ON REGULATIONS FOR THE
U.S. IS NOT, BRIAN.
BRIAN: EDWARD LAWRENCE, THANK
YOU SIR.
JOINING ME NOW AS CONGRESSMAN
BRUCE A WESTERMAN HOUSE NATURAL
RESOURCES RANKING MEMBER LOW
WITH CAPITALIST COMEBACK AUTHOR
ANDY.
WELCOME TO BOTH.
CONGRESSMAN, I WANT TO START
WITH YOU.
FORMER OBAMA ADVISOR IS AXELROD
BIDEN HAS NO ANSWERS ON KEY
ISSUES, LISTEN TO THIS.
>> WHEN THE PRESIDENT GOT INTO
THOSE QUESTIONS AND GAS PRICES
AND INFLATION AND ABORTION
RIGHTS, THERE WAS A LOT LESS OF
THE CERTAINTY.
A LOT LESS OF THE EMPHATIC
NATURE OF HIS INITIAL
PRESENTATION ON NATO BECAUSE HE
DOES NOT HAVE GREAT ANSWERS.
>> CONGRESSMAN I DON’T THINK
ANYBODY WOULD DISAGREE THE
PRESIDENT DOES NOT HAVE GREAT
ANSWERS ON THESE QUESTIONS.
BUT THEY ARE BECOMING SUCH A BIG
ISSUES AT THIS POINT.
THINK AMERICA’S CRYING OUT FOR A
PATH FORWARD.
WHAT DO YOU MAKE OF WHAT YOU’RE
HEARING FROM THE PRESIDENT
PARTICULARLY ON THIS LAST TRIP?
>> THAT WAS THE UNDERSTATEMENT
OF THE WEEK THE PRESIDENT DOES
NOT HAVE ANSWERS.
I WISH SHE WOULD START TO PEOPLE
WHO HAVE ANSWERS.
THIS IS SOMETHING WE CAN SOLVE
BUT WE CERTAINLY CANNOT SOLVE IT
THE WAY THE PRESIDENT IS GOING
ABOUT IT.
WE CANNOT BE GOING TO SAUDI
ARABIA ANOTHER OPEC COUNTRIES
AND BEGGING THEM FOR ENERGY WHEN
WE CAN PRODUCE IT HERE IN THE
UNITED STATES AS A CHEAPLY AND
EFFICIENTLY AS ANY PLACE BETTER
THAN ANYPLACE IN THE WORLD.
BUT THAT’S ON THE ROUTE THE
PRESIDENT WANTS TO GO DOWN.
HE IS SHUTTING DOWN PIPELINES
FOR THEM NOT TURN ON NEW
PIPELINES. HIS ADMINISTRATION HAS PROMISED
HIS ADMINISTRATION HAS PROMISED
HAVE A NEW FIVE-YEAR PLAN OUT ON
SHORE UP SHORT LEASING.
THIS PRESIDENT ENERGY HAS THE
AIPAC BAT AND INCOMPETENT THIS
ADMINISTRATION IS.
>> AND I THINK THE LACK OF THE
VISION THE LACK OF A PATH
FORWARD HAS GOT CONSUMERS, IT IS
GOT BUSINESSES FEELING
INCREDIBLY PESSIMISTIC PRODUCING
RECORD LOWS ON THE FRONT.
THE ATLANTA FED COMING OUT NOW
SING THE ESTIMATE FOR
SECOND-QUARTER GDP IS A NEGATIVE
AND A PRETTY GOT NEGATIVE.
THAT IS RECESSION TERRITORY.
TALK ABOUT WHERE YOU THINK WE
ARE WITH THE ECONOMY AND WHAT
YOU THINK HAPPENS NOW AND THAT
WEEKS AND MONTHS WE MAY BE IN A
RECESSION RIGHT NOW.
>> WE ARE IN A DEEP HOLE WHETHER
RATED TECHNICAL RECESSION
CERTAINLY THE AMERICAN PEOPLE
ARE FEELING THE EFFECTS OF A
RECESSION WHERE THEY BELIEVE WE
ARE IN A RECESSION.
IF THE EVERYDAY PRODUCTS INDEX
THAT PEOPLE BUY EVERY DAY.
YEAR OVER YEAR IS UP OVER 20%.
LARRY SUMMERS THE FORMER
SECRETARY OF THE TREASURY UNDER
CLINTON AND OBAMA ECONOMIST JUST
CAME OUT AND CO-AUTHORED A
REPORT OR WAS IT DURING THE
CARTER ADMINISTRATION WHICH LED
TO THE HUGE RECESSION WE HAD BACK IN THE EARLY 1980s.
BACK IN THE EARLY 1980s.
KNIFE GOT NOT ONLY FEELING AND
IT WE ARE ACTUALLY IN A
RECESSION OR SPITE WHAT YOU’VE
BEEN HEARING FROM THE WHITE
HOUSE.
ON THIS ENERGY POINT NAILED IT
WAS A GOOD DISCUSSION.
RUSSIA IS NOW EXPORTING MORE OIL THAN IT DID BEFORE THE PANDEMIC.
THAN IT DID BEFORE THE PANDEMIC.
WE ARE PRODUCING ABOUT A MILLION
DIFFERENT DISCOURAGE BANKS AND LENDING MONEY.
LENDING MONEY.
WON’T GRANT LEASES IS LONGER
ENERGY INDEPENDENT.
IT SHOULD BE THE LEADER IN
PRODUCING FOSSIL FUELS.
BIDEN SAID IN THE WHITE HOUSE
STEPS THAT WERE BACK IN THE
ENERGY BUSINESS WE’RE GOING TO
START PRODUCING OIL LIKE YOU
HAVE NEVER SEEN BEFORE, OIL
PRICES WOULD COME DOWN HE JUST
CAN’T DO IT.
>> CONGRESSMAN ANDY MAKE SUCH A
GOOD POINT THERE.
PUTIN IS EXPORTING MORE OIL THEN
HE WAS BEFORE THE SANCTIONS TOOK
PLACE. WE ARE PRODUCING LESS.
WE ARE PRODUCING LESS.
U.S. COMPANIES SHORTLY SINCE THE
ADMINISTRATION HAS FAILED TO
CREATE A PLAN FOR.
HOW DEVASTATING IS THAT THE
ADMINISTRATION CANNOT EVEN MEET
ITS OWN DEADLINE TO GET LEASE OPPORTUNITIES APPROVED FOR U.S.
OPPORTUNITIES APPROVED FOR U.S.
PRODUCERS.
INSTEAD OF LOOKING FOR SOLUTIONS TO THE PROBLEM THE PRESIDENT IS
TO THE PROBLEM THE PRESIDENT IS
BLAMING OTHERS.
BE ABLE TO AFFORD FUEL AND
AFFORD GROCERIES.
THE PRICE OF FOOD IS GOING TO
THE ROOF AS WELL.
WE ARE SEEING THE FOURTH OF JULY PICNICS WE ARE TALKING INCREASE
PICNICS WE ARE TALKING INCREASE
OVER LAST YEAR.
THIS IS ABSOLUTELY NOTHING TO HELP ENERGY AFFECTS THE WHOLE
HELP ENERGY AFFECTS THE WHOLE
ECONOMY.
IT IS JUST MULTIPLYING ALL THESE
INPUT COSTS SING HIGH ENERGY
PRICES. WE ARE FEELING AT THE PUMP IF
WE ARE FEELING AT THE PUMP IF
YOU ARE THE SOUTH WHERE I AM
HEATING AND GAS PRICES ARE EVEN
HIGHER.
THERE’S LESS FOOD THAN INCREASE
FOOD COST I WISH THE
ADMINISTRATION WOULD FOCUS ON A
REAL SOLUTION.
ACROSS-THE-BOARD THESE PRICES
REALLY QUICKLY THE PRESIDENT
SAYS HOW LONG ARE YOU GOING TO
HAVE TO DEAL WITH HIGHER GAS
PRICES AS LONG AS IT TAKES.
YOUR TAKE ON THE MESSAGE WITH
THAT?
REX PRESIDENT BIDEN BE DONE WITH
HIGH ENERGY PRICES.
THE HIGH ENERGY PRICES.
CHEAP ECONOMISTS THE ECONOMIC
COUNCIL.
THEY SAID YES BUT GOT HIGH
ENERGY PRICES.
GOT TO PRESERVE THE LIBERAL
WORLD ORDER.
THE LIBERAL WORLD ORDER IS THAT
HOW HE GOT ELECTED, I DON’T
THINK SO.
MESSAGE DEMOCRATS WITHIN THE
FALL.
>> IS SUSTAINABLE THE DATERS
THINK NOW IS IN THE INDICATION