HERE’S THE SITUATION.
WHEN IT COMES TO GAS PRICES, WE
ARE GOING THROUGH AN INCREDIBLE
TRANSITION TAKING PLACE, GOD
WILLING WHEN IT’S OVER WILL BE
STRONGER AND LESS RELIANT ON
FOSSIL FUELS WHEN THIS IS OVER.
STUART: INCREDIBLE TRANSITION.
I’VE GOT TO BRING IN MY
COLLEAGUE, LARRY KUDLOW FOR THIS
ONE.
THE PRESIDENT SEEMS TO BE OKAY
WITH $4 GAS AND INFLATION.
HAS HE CAVED TO THE GREENS?
>> WELL YEAH.
HE’S LEADING THE CHARGE TO THE
GREENS.
HE ALWAYS HAS AND WE ARE GOING
THROUGH A TRANSITION, GOING
THROUGH TRANSITION FROM A
HEALTHY ECONOMY WITH PLENTY OF
FOSSIL FUELS, THE END OF THE
WORLD, ENERGY INDEPENDENT,
RELATIVELY LOW AFFORDABLE PRICES
WHETHER IT’S GASOLINE AT THE
PUMP OR WHETHER IT NATURAL GAS
FOR HOME HEATING FUEL OR AIR
CONDITIONING OR DIESEL YOU WILL.
WE HAD A TERRIFIC THING GOING
WITH STRONG ECONOMIC GROWTH AND
LOW INFLATION AND WE HAVE
TERRIFIC TRANSITION TO HIGH ENERGY PRICES, HIGH INFLATION
ENERGY PRICES, HIGH INFLATION
AND WEAK ECONOMY.
HOUSEHOLDS ARE SCREAMING, TRUCK
DRIVERS ARE SCREAMING AND HERE IN THE NORTHEAST, HOCHUL AND
IN THE NORTHEAST, HOCHUL AND
CUOMO HAVE COMPLETELY SHUT DOWN
ANY FRACKING, ANY DRILLING, ANY
PIPELINE, ANY DISTRIBUTION
WHATSOEVER SO IF YOU GO BACK
INTO NEW YORK, I LOVE THIS NEW
YORK STORY, THE EASTERN, RATHER
THE WESTERN PART OF NEW YORK
WHICH BORDERS ON PENNSYLVANIA,
PENNSYLVANIA IS ENERGY RICH, NEW YORK IS ENERGY POOR, IT’S LIKE
YORK IS ENERGY POOR, IT’S LIKE
EAST BERLIN AND WEST BERLIN.
THERE’S A CONSTANT RECESSION IN
WESTERN NEW YORK AND CONSTANT
BOOM IN PENNSYLVANIA.
YOU GOT TO LOVE IT.
THERE IS BIDEN TALKING ABOUT IN
JAPAN.
GOT TO LOVE THAT.
STUART: BUT ALL THINGS ARE GOING
WRONG.
THIS TRANSITION GOING EXACTLY
THE WRONG WAY BUT I’M SICK OF
THIS MOMENT WITH THIS
ADMINISTRATION, IT’S
IRREVERSIBLE.
WE ARE GOING DOWN, WE ARE NOT
GOING TO RECOVER.
WE ARE GOING DOWN TOWARD
RECESSION.
WHAT YOU SAY TO THAT?
>> THERE’S PROBABLY A RECESSION
OUT THERE, I DON’T THINK WE ARE
IN ONE NOW.
IT’S VERY DIFFICULT IF NOT
IMPOSSIBLE TO GO FROM SUPERHIGH INFLATION TO SOME KIND OF SOFT
INFLATION TO SOME KIND OF SOFT
LANDING SO I THINK RECESSION ARE
RISING, IT MIGHT NOT BE EMINENT,
IT MIGHT BE NEXT YEAR OR THE
YEAR AFTER, IT’S HARD TO SAY BUT
I WANT TO GO BACK TO THIS GOAL
IDEA OF TRANSITION BECAUSE THE BIDEN VIEW, THE WOKE VIEW, THE
BIDEN VIEW, THE WOKE VIEW, THE
CLIMATE CHANGE VIEW SAYS AND
FOSSIL FUEL, DO WHAT WE CAN,
DENY THE PIPELINE, DENY
FRACKING, DENY LEASING, DENY
PERMITS, ALL THAT, DENY, DENY,
DENY BUT NOT ONCE HAVE THEY
SHOWN US AND ALTERNATIVE
ROADMAP.
THAT IS THE KEY.
PEOPLE OF COMMON SENSE
UNDERSTAND FULL WELL YOU ARE NOT
GOING TO END FOSSILS AND GO
GREEN AND AUTOMATICALLY
OVERNIGHT.
I DON’T EVEN THINK THAT’S A
DESIRABLE OUTCOME BECAUSE
THERE’S ALL KINDS OF NEW
TECHNOLOGY THAT MAKES FOSSILS
VERY LOW CARBON, THE LOWEST
EMISSIONS IN THE WORLD.
YOU’RE NOT GOING TO SUBSTITUTE
WIND TURBINES AND SOLAR PANELS
OVERNIGHT FOR FOSSIL FUEL AND I
DON’T EVEN THINK IT WOULD BE A
GOOD THING IN THE LONG RUN
BECAUSE TECHNOLOGICAL ADVANCES
WILL IMPROVE FOSSIL FUELS SO
NEVER IS THERE -- IT’S LIKE
YOU’RE GOING OFF THE CLIFF, IT’S
LIKE IN THE OLD DAYS, THE 14th
CENTURY, GO ACROSS THE CLIFF AND
THEY DON’T KNOW THE WORLD IS
ROUND SO THEY SAY THEY ARE
DRAGGING.
THAT’S WHAT THIS IS LIKE.
THEY’LL BE DRAGGING BUT THE
BIDEN’S DON’T KNOW WHAT THE
DRAGONS ARE GOING TO BE LIKE THE
REST OF THE COUNTRY DOESN’T WANT
DRAGONS.
STUART: I WANT TO HEAR MORE
ABOUT DRAGONS WHEN YOU APPEAR AT
4:00 P.M. ON FOXBUSINESS NETWORK