SUPPLY CHAIN PROBLEMS THAT WERE
CAUSED BY COVID.
DAGEN: THAT WAS COMMERCE
SECRETARY GINA RAIMONDO BACKING
PRESIDENT BIDEN’S CLAIMS THAT
PUTIN AND THE PANDEMIC ARE THE
REASON FOR SURGING INFLATION AND CONSIDERING RELAXING CHINESE
CONSIDERING RELAXING CHINESE
TARIFFS TO COMBAT RISING PRICES.
CONGRESSMAN, GREAT TO SEE YOU
THIS MORNING.
THE FACT IS THAT THE NATIONAL
AVERAGE FOR GAS PRICES HAS MORE
THAN DOUBLED SINCE JOE BIDEN
TOOK OFFICE.
THAT’S ONE COMPONENT OF
INFLATION BUT IT’S CERTAINLY A
CRUSHING ONE WHEN IT COMES TO
PEOPLE WHO HAVE TO COMMUTE TO
WORK AND IT’S CERTAINLY ONE THAT
MAKES PEOPLE ANGRY.
>> DAGEN, I AGREE, YOU KNOW
WHAT, WE CAN BLAME VLADIMIR
PUTIN FOR A LOT OF THINGS BUT
TWO OF THESE WE CAN’T BLAME HIM
FOR ARE GAS PRICES AND INFLATION
BECAUSE THE DATA BACKS THAT UP.
WHEN BIDEN CAME INTO OFFICE GAS
COST 2.29 AND 44% INCREASE AND
SINCE 4.87 WHICH IS 42%
INCREASE.
THAT HAPPENED BEFORE THE
INVASION AND THE INFLATION WHEN
BIDEN TOOK OFFICE 1.4% AND THEN
IT BECAME, BEFORE THE WAR AT 7.5 SO HAD GROWN ASTRONOMICALLY AND
SO HAD GROWN ASTRONOMICALLY AND
WE HAVE TO LOOK AT HIM INJECTING
TRILLIONS OF DOLLARS TO THE
ECONOMY.
DAGEN: THE AMERICAN PEOPLE CAN’T
FORGET AND WON’T FORGET THAT THE
FACT THAT THEY DISMISSED
INFLATION AND ACTED LIKE I
WASN’T A PROBLEM AND WHEN THEY
FINALLY REALIZED IT WAS A
PROBLEM THEY TRIED TO BLAME
ANYBODY ELSE BUT THEMSELVES AND
THEN TRIED TO SELL A
MULTITRILLION DOLLAR PACKAGE ON
THE BASIS WE NEED TO SPEND
TRILLIONS OF DOLLARS MORE TO
LOWER INFLATION OH, AND THAT
PACKAGE WASN’T GOING TO COST ANY
MONEY.
SO WHERE DO WE GO FROM HERE?
IN TEXAS PARTICULARLY ARE YOU
SEEING THIS ADMINISTRATION DO
ANYTHING TO REALLY COURT THE
ENERGY SECTOR AND HELP PRODUCE
MORE OIL AND NATURAL GAS IN THE
UNITED STATES?
>> THAT’S JUST IT, DAGEN.
WHEN JOE BIDEN NEEDS TO ACT, HE
DOES NOTHING AND WHEN HE IS
FINALLY FORCED TO -- REACT TO
SITUATIONS HE EITHER DOES,
AGAIN, NOTHING OR THE WRONG
THING, HE DECLARED A WAR ON
ENERGY AS SOON AS HE GOT INTO
OFFICE AND IRONIC THAT HE
GREENLIGHTED THE PIPELINE TO THE
RUSSIANS BUT SUSPENDED HERE AND
DRAGGED FEET FOR L&G AND NATURAL
GAS AND DEMONIZED THE INDUSTRY
JOE BIDEN AND THE DEMOCRATS AND
THEY HAVEN’T DONE REALLY
ANYTHING SENSE AS IF THEY’RE NOT
LIVING IN THE SAME REALITY AND
THEY ARE GOING THE FIND OUT WHAT
THE AMERICAN PEOPLE THINK IN
NOVEMBER. I THINK WE ARE LOOKING AT A --
I THINK WE ARE LOOKING AT A --
NOT A RED WAVE BUT A RED SUN
TSUNAMI.
DAGEN: SHE COULDN’T ADMIT THAT
ENERGY PRICES ARE TOO HIGH.
>> YOU KIND OF WONDER IS THIS
SOMETHING TO BE PLEASED ABOUT
BECAUSE THEY THINK IF GAS PRICES
GO UP PEOPLE WON’T USE FOSSIL
FUELS AND HELP THE ENVIRONMENT
BUT FACT OF THE MATTER IS THAT
AMERICAN ENERGY AND ITS USE HELP
THE ENVIRONMENT BECAUSE WE HAVE
AN EXPERTISE THAT’S BEEN
DEVELOPED OVER A CENTURY AND WE
HAVE ENVIRONMENTAL REGULATIONS
AND WE HAD STRONG ENVIRONMENTAL
LOBBY, WE HAVE A RULE OF LAW AND
INDEPENDENT JUDICIARY.
IT’S SAFER FOR THE ENVIRONMENT
ACROSS THE GLOBE.
WE HERE IN AMERICA, YOU KNOW,
EXPLORED OUR NATURAL RESOURCES,
LIQUEFIED NATURAL GAS AND OIL AS
OPPOSED DICTATORS THAT DON’T
HAVE THE FORE MENTIONED VIRTUES
AND MUCH MORE DANGEROUS TO THE
ENVIRONMENT, RUSSIA, CHINA,
VENEZUELA AND IRAN ARE
INCREASING THEIR PRODUCTION.
DAGEN: AS THE SAME GOES, THE
PAIN IS THE POINT TO FORCE
PEOPLE INTO ELECTRIC VEHICLES.
REMEMBER THAT GETTY LITTLE
DISPLAY THAT JOE BIDEN HAD WHEN
HE WAS DRIVING THE FORD ELECTRIC PICKUP TRUCK, WELL, THE PLAT NEW
PICKUP TRUCK, WELL, THE PLAT NEW
MEXICOPLATINUMVERSION OF THAT TR
AT $100,000, A HUNDRED GRAND.
>> WHERE ARE MOST OF THEM FOUND?
IN CHINA.
BIDEN’S POLICY WEAKEN THE UNITED
STATES.
WHAT’S OUR GROWTH THIS QUARTER,
MINUS 4%.
THE WAR IN UKRAINE DID NOT
AFFECT CHINA AND OTHER
COUNTRIES.
DAGEN: WELL, THE WAR IN UKRAINE
CHINA HAS TRIED TO USE TO
ADVANTAGE SEEDLING UP TO RUSSIA
IN TERMS OF NEEDS OF NATURAL
RESOURCES AND SAUDI ARABIA HAS
CLEARED TURNED ITS BACK IN THE
UNITED STATES AND FACING TOWARD
CHINA AS WELL.