>> AS GAS PRICES SOARED YOUR
COMPANIES HAVE PAID
SHAREHOLDERS RECORD PROFITS.
YOU AREN’T WILLING TO DO
REDUCED DIVIDENDS.
>> WE CAN INCREASE PRODUCTION.
>> I’LL TAKE THAT AS A NO.
>> WHAT HAPPENS WHEN YOU KILL
AMERICAN ENERGY THROUGH ALL THE
BIDEN RED TAPE POLICIES?
THE PRICE GOES UP.
>> Bill: FIRES WORKS ON THE
HILL DURING THE HEARING ON GAS
PRICES.
DEMOCRATS BLAMING OIL COMPANIES
FOR THE PRICE AT THE PUMP.
DON’T KNOW IF WE FOUND A
SOLUTION ON ALL THIS.
HOW ARE YOU DOING, MARIA
BARTIROMO.
GOOD MORNING.
DID YOU HEAR ANY ANSWERS?
>> NO, THERE WEREN’T ANY
ANSWERS YESTERDAY, BILL.
LOOK, THIS KIND OF RHETORIC
PLAYS WITH THE POPULOUS.
IT HAS TO BE THE BIG PROFITABLE
EVIL OIL COMPANIES.
IT HAS TO BE A BIG EVIL MEAT
COMPANIES FOR THE BLAME FOR
INFLATION.
OIL PRICES ARE REACHED BASED ON
SUPPLY AND DEMAND.
THE AMOUNT OF SUPPLY OF PRODUCT
ON THE MARKET IS WHAT IS GOING
TO DRIVE PRICES UP OR DOWN.
THAT’S ONE OF THE REASONS THAT
WE ARE SEEING THESE TALKS
CONTINUE WITH THE IRANIANS TO
GET THE UNITED STATES BACK INTO
THE JCPOA DEAL SO IRANIAN OIL
CAN EVENTUALLY COME ON THE
MARKET.
LOOK, OIL COMPANIES ARE GOING
TO ALSO ANSWER TO SHAREHOLDERS.
BUT THE PRICE OF THEIR PRODUCT
IS UP AT RECORD HIGHS AND THEY
ARE SELLING THAT PRODUCT.
THAT’S WHERE WE ARE.
I KNOW IT PLAYS WELL WITH THE
PUBLIC TO SAY IT HAS TO BE
SOMEBODY’S FAULT.
WHEN YOU TAKE A LOOK AT POLICY
AND THE POLICY OF SHUTTING DOWN
KEYSTONE AND A MORATORIUM ON
DRILLING ON FEDERAL LAND AND
EXECUTIVE ORDERS THAT MAKE FEES
GO HIGHER FOR THE OIL
COMPANIES, THAT IS THE REASON
THAT YOU ARE SEEING GASOLINE
WHERE IT IS TODAY.
SO I’M NOT SURE IF THOSE OIL
COMPANIES COULD HAVE SAID
ANYTHING DIFFERENT THAN WHAT
THEY DID SAY.
I WILL SAY THEY SHOULD HAVE
BEEN MORE FORCEFUL IN TERMS OF
WHERE THEY COULD DRILL RIGHT
NOW, WHAT ALLOWANCES AND
LICENSES THEY HAVE RIGHT NOW TO
ACTUALLY CAPITALIZE ON DRILLING.
WE DIDN’T HEAR A LOT OF THAT.
THAT WOULD HAVE BEEN A BETTER
ANSWER THAN WE CAN DO BOTH AT
THE SAME TIME.
>> Dana: H.R. McMASTER
TESTIFIED YESTERDAY TALKING
ABOUT THE NATIONAL SECURITY
IMPACTS OF ALL OF THIS IN
REGARDS TO EITHER TRADING WITH
OUR PARTNERS OR DRILLING.
LISTEN TO HIM HERE.
>> IT DOESN’T PASS THE COMMON
SENSE.
IT DOESN’T MAKE ANY SENSE,
EITHER, TO PUT ALL THE
OBSTACLES IN PLACE FOR
PERMITTING THAT WOULD ALLOW US
TO INCREASE OUR PRODUCTION AND
OUR EXPORT AND THEN TO
SUFFOCATE TO THE VENEZUELA AND
IRANIANS TO GET THEM TO
INCREASE THEIR PRODUCTION IN
EXPORTS.
>> Dana: I HOPE THAT PEOPLE
EVERYWHERE INCLUDING DEMOCRATS
WOULD UNDERSTAND AS WE’VE
WATCHED WHAT HAS HAPPENED WITH
RUSSIA, UKRAINE AND THE
EUROPEAN COUNTRIES DEPENDENT ON
RUSSIAN ENERGY THAT YOUR ENERGY
SECURITY POLICY IS YOUR
NATIONAL SECURITY POLICY.
THEY AREN’T SEPARATE, MARIA.
>> THAT’S EXACTLY RIGHT, DANA.
SPOT ON.
THE TRUTH IS WHEN YOU HAVE TO
RELY ON FOREIGNERS TO GET SUCH
AN IMPORTANT PRODUCT LIKE OIL,
OF COURSE YOU ARE PUTTING YOUR
COUNTRY IN A DAMAGING SITUATION
AND A POTENTIAL FOR DESTRUCTION.
LOOK WHERE WE ARE.
WE WERE ENERGY INDEPENDENCE AND
NOW RELIANT ON FOREIGN MARKETS.
HERE WE ARE IN THE MIDDLE OF A
WAR WHERE RUSSIA IS CREATING
DEATH AND DESTRUCTION IN
UKRAINE AND USING OIL AS A
WEAPON.
WE SHOULD BE LEARNING A LOT
FROM THIS WHEN IT COMES TO FOOD
AS WELL.
THEY CALL UKRAINE AND RUSSIA
THE BREAD BASKET OF EUROPE
BECAUSE OF THE PRODUCTION OF
WHEAT.
WE DON’T WANT TO HAVE MASSIVE
FOOD SHORTAGES ACROSS THE WORLD.
IT LOOKS LIKE THAT IS ALSO A
SUBJECT PEOPLE ARE TALKING
ABOUT.
I WOULD SAY ONE OF THE MOST
IMPORTANT ISSUES RIGHT NOW IS
TO INSURE AMERICA IS
INDEPENDENT ALL THESE FRONTS.
OIL, FOOD OR MEDICINE THAT WE
RELY ON MADE IN CHINA RIGHT NOW.
THIS IS WHEN WE ACTUALLY FEEL
THE WEAPONIZATION OF THESE
COMMODITIES WHEN YOU HAVE A BAD
ACTOR LIKE RUSSIA USING IT AS A
WEAPON.
>> Bill: MOSCOW IS AT THE
BACKGROUND IN MUCH OF THIS.
FRACKING CHANGED THE GAME FOR
OIL AND GAS IN THE U.S.
EUROPE IS RUNNING SCARED.
McMASTER TESTIFIED YESTERDAY
THE RUSSIANS WERE WORKING TO
PUT NEGATIVE STORIES OUT THERE
IN THE EUROPEAN THEATER AND
U.S. TO SAY FRACKING IS BAD.
IT’S PRETTY ASTOUNDING AS WE
LOOK AT THE TRANSFORMATION WE
MADE OR HAD MADE OVER THE PAST
FIVE YEARS.
LAST COMMENT.
>> VERY SERIOUS ISSUE.
I THINK YOU HIT A GOOD POINT ON
THE PROPAGANDA.
A HOST OF PROPAGANDA COMING OUT
OF RUSSIA AS WELL AS CHINA
RIGHT NOW IN TERMS OF TRYING TO
CONTROL THIS NARRATIVE.
BOTTOM LINE, THE U.S. CAN BE
ENERGY INDEPENDENT ONCE AGAIN
BUT YOU DO NEED POLICY TO GO
ALONG WITH IT IN ORDER TO
ENCOURAGE IT.
THAT’S WHERE WE ARE RIGHT NOW.
THE POLICY WORKING AGAINST IT.