BACK TO YOU, LIZ.
ELIZABETH: GREAT REPORTING AS
ALWAYS FROM KELLY O’GRADY.
WELCOME TO THE SHOW FORMER
ECONOMIC ADVISOR TO PRESIDENT
TRUMP, HE IS STEPHEN MOORE.
STEPHEN, IN CALIFORNIA THESE
OFFICIALS HAVE NO MORE SENSE
THAN A FLOCK OF GEESE.
THIS OIL AND GAS STORY IT IS
ABOUT SUPPLY PROBLEMS.
EASTERN "THE L.A. TIMES" IS
SAYING NEWSOM CUT IT OUT.
YOU’VE BEEN REPEATEDLY WARNED
OVER THE LAST FEW DECADES
CALIFORNIA IS VULNERABLE TO
SUPPLY SHORTAGES AND SHARP PRICE
HIKES BUT THEY KEEP DRIVING THE
FREIGHT TRAIN DOWN A DIRT ROAD
AGAIN AND AGAIN MAKING MISTAKES.
>> WELL YOU’RE EXACTLY RIGHT.
BY THE WAY CALIFORNIA IS ONE OF
THE MOST ENERGY RICH PLACES IN
THE PLANET.
CALIFORNIA HAS A LOT OF OIL, A
LOT OF NATURAL GAS.
THEY COULD BE USING IT.
THERE IS NO REASON THEY HAVE TO
BE IMPORTING ENERGY FROM THE
REST OF THE COUNTRY BUT THAT IS
EXACTLY WHAT THEY’RE DOING.
FOR CALIFORNIA TO RUN OUT OF
ENERGY IS LIKE ALASKA RUNNING
OUT OF ICE.
ELIZABETH: THAT’S A GOOD POINT.
>> IT IS ALL THESE POLICIES THAT
THEY HAVE IMPOSED ON THEMSELVES
AND THAT’S WHY YOU KNOW I HAVE A
FRIEND WHO TWEETED ME THE OTHER
DAY WITH A SIGN ON OF THE GAS
PRICES IN CALIFORNIA, IT WAS
6.99 A GALLON.
IT MIGHT HAVE GONE OVER SEVEN
DOLLARS NOW.
I HAVE NOT CHECKED LAST COUPLE
DAYS.
THAT IS A $1.50 OVER THE
NATIONAL AVERAGE.
ELIZABETH: IT IS RIGHT THERE IN
THE NUMBERS, STEVE.
TO YOUR POINT, THEN THERE IS
THIS, CALIFORNIA CONGRESSMAN
ADAM SCHIFF, HE LEFT, HE LED A
DELEGATE OF DEMOCRATS, THEY FLEW
POLLUTING AIRPLANES TO PARIS FOR
A FUND-RAISER BEFORE THE
MIDTERMS.
THEY’RE CAUGHT ON CAMERA SIPPING
WINE, ALL WHILE OUR NATION FACES
GAS PRICE HIKES AND INFLATION
AND THIS IS ABOUT AGAIN SUPPLY.
YOU’RE GOING TO SEE, LET’S WATCH
THIS.
WE’LL ROLL ON SOME TAPE HERE.
INSTEAD OF UNLEASHING U.S.
ENERGY, STEVE, WE WANT YOUR
REACTION TO THIS.
LET’S LISTEN TO WHAT DEMOCRATS
ARE NOW ADVISING, WATCH.
>> MASSIVE AMOUNTS OF ARMS TO
THE SAUDIS.
I THINK WE NEED TO RETHINK THOSE
SALES.
I THINK WE NEED TO LIFT THE
EXEMPTION WE HAVE GIVEN THIS
OPEC PLUS CARTEL FROM U.S. PRICE
FIXING LIABILITY.
I THINK WE NEED TO LOOK AT OUR
TROOP PRESENCE IN THE
MIDDLE EAST AND SAUDI ARABIA.
>> I HAVE A HARD TIME NOT SEEING
WHAT OPEC HAS DONE AS A DIRECT
RESPONSE TO WHAT WE’VE DONE IN
THIS CONGRESS TO GIVE PEOPLE
ACCESS TO CLEANER AND CHEAPER
ENERGY.
BECAUSE NOTHING SCARES THE OIL
COMPANY LIKE A BUNCH OF PEOPLE
WITH SOLAR PANELS AND ELECTRIC
VEHICLES.
>> WITH DUE RESPECT THE REASON
YOU HAVE HIGH PRICES IN THE
UNITED STATES BECAUSE YOU HAVE A
REFINING SHORTAGE THAT HAS BEEN
IN EXISTENCE FOR MORE THAN 20
YEARS.
YOU HAVE NOT BUILT REFINERIES IN
DECADES.
ELIZABETH: THAT WAS A SAUDI
STATE MINISTER.
TO HEAR THE DEMOCRATS SAY, SO
CUT OPEC OFF AFTER U.S. POLICY
MISTAKES LIKE NO REFINERIES.
SAUDI ARABIA SUPPOSEDLY AFRAID
OF U.S. SOLAR PANELS WHICH HAVE
NOT MOVED THE NEEDLE IN A
GENERATION.
>> THAT’S COMICAL STATEMENT BY
THAT MEMBER OF CONGRESS.
I MEAN YOU FEEL LIKE PULLING
YOUR HAIR OUT.
COME ON, FIRST OF ALL, LIZ, DO
YOU RECALL HEARING MUCH
DISCUSSION ABOUT OPEC WHEN
DONALD TRUMP WAS PRESIDENT?
THE ANSWER OF COURSE WAS NO.
WE DIDN’T EVEN THINK ABOUT OPEC
BECAUSE THE CARTEL WAS
TOOTHLESS.
WHY?
BECAUSE DONALD TRUMP AND THE
COUNTRY PRODUCED SO MUCH OIL AND
GAS THANKS TO THE SHALE
REVOLUTION THAT OPEC HAD BECOME
COMPLETELY HARMLESS.
NOBODY CARED WHAT THEY WERE
DOING.
NOW WE FORGET FITTED OUR OWN GAS
LEADERSHIP.
OPEC HAS CONTROL OF THE MARKETS.
DEMOCRATS THINK SOMEHOW THEY’RE
AFRAID OF WINDMILLS AND SOLAR
PANELS.
IT IS SO PATENTLY ABSURD AND --
WHAT CAN I SAY?
WE SHOULD BE PRODUCING MORE OF
IT.
ELIZABETH: NOW WE HAVE A HILL
CONTRIBUTING EDITOR THE
WHITE HOUSE MAY CAN SELL AN
UPCOMING MEETING WITH OPEC AND
POSSIBLY SAUDI ARABIA ON AIR AND
MISSILE DEFENSES OVER THE
PRODUCTION CUTS S THAT GOING TO
SCARE THEM INTO SUBMISSION,
FINAL WORD?
>> I’M NOT A MILITARY ANALYST
BUT I WILL SAY THE ONLY THING
THAT WILL REALLY SCARE THE
SAUDI ARABIANS AND THE OPEC
COUNTRIES IS WHEN WE GET PEOPLE
IN OFFICE WHO ALLOW OUR ENERGY
COMPANIES TO BECOME ENERGY
DOMINANT AGAIN.
THAT IS THE ONLY WAY, THAT IS
THE ONLY THING OPEC WILL LISTEN
TO.
THE FACT THAT NOW YOU HAVE GOT
RUSSIA JOINING OPEC, THAT MAKES
THE SITUATION EVEN ALL THE MORE