OF RUSSIAN VEHICLES.
EVEN WRITING ON TOP OF ONE
WAVING THE UKRAINIAN FLAG.
>> AS RICHARD ENGEL REPORTED,
UKRAINE'S PRESIDENT IS URGING
THE REST OF THE WORLD TO BAN
RUSSIA'S MAIN EXPORT OF FOSSIL
FUEL.
PRICES SOAR IN THE WAKE OF THE
INVASION.
I HAVING TO PUSH YOU TO EXPLORE
FURTHER ENERGY IMPORTS.
THE REPORTS PRESIDENT BIDEN'S
CONSIDER MATCHUP TO SAUDI
ARABIA TO PRODUCE MORE OIL.
ALSO TALKS ABOUT NEURON DEALS
--
OVER THE WEEKEND THE
ADMINISTRATION OFFICIALS
VISITED VENEZUELA, A RUSSIAN
ALLY WITH MASSIVE VIRTUALLY
RESOURCES TO POSSIBLY REDUCE
SANCTIONS ON ITS OIL EXPORTS.
OF ALL THIS SOUNDS FAMILIAR,
IT'S BECAUSE IT IS.
THE UNITED STATES AND MUCH OF
THE WORLD IN FACT IS RELYING ON
A COALITION OF OFTEN WROTE
PETROL STATES TO FUEL OUR NEED
FOR OIL.
PRODUCTION FOR DECADES.
EVERY U.S. PRESIDENT --
HAS BEEN CALLING FOR US TO
REDUCE OUR RELIANCE ON FOREIGN
ENERGY.
BACK IN THE EARLY 1970S THAT
THEN PRESIDENT NIXON LOOKED AT
CAPS ON OIL IMPORTS ENDED THIS
BECAUSE OUR DOMESTIC SUPPLY
STRUGGLE TO MEET THE DEMAND THE
POST-WORLD WAR II --
JUST AS HE DID THAT, OH PACK,
WHICH WAS THEN THE NEWLY FORMED
RELEASED OIL CARTEL, EMBARGOED
OIL IMPORTS TO THE U.S. AND
OTHER COUNTRIES AND THEIR
SUPPORT FOR ISRAEL DURING THE
1973 ON KAPOOR WAR.
EMBARGO WAS MASSIVELY
DISRUPTED.
CARS WAITING IN LONG LINES
DURING THE GAS SHORTAGE.
--
WORST DIRECTION SALES.
IT PROVED HOW DANGEROUS OUR
RELIANCE ON FOREIGN ENERGY
COULD BE.
NEARLY 50 YEARS AGO, 50 YEARS
AGO!
NIXON PLEDGED TO END OUR
RELIANCE ON FOREIGN OIL.
>> WE AS A NATION MUST NOW SET
UPON A NEW COURSE.
WE MUST DEVELOP NEW SOURCES OF
ENERGY, WHICH WILL GIVE US THE
CAPACITY TO MEET OUR NEEDS
WITHOUT RELYING ON ANY FOREIGN
NATION.
>> JUST A FEW YEARS LATER IN
1976, JIMMY CARTER WAS ELECTED
PRESIDENT AND ONE OF HIS FIRST
ADDRESSES TO THE AMERICAN
PUBLIC, HE CALLED FOR REDUCTION
ENERGY CONSUMPTION, ONLY FOR
ANOTHER ENERGY CRISIS TO POP UP
TWO YEARS LATER.
THE REVOLUTION 1979 LEADING TO
LONG GAS LINES AND RATIONS.
THAT SAME YEAR, CARTER
INSTALLED SOLAR PANELS AT THE
WHITE HOUSE, WISELY NOTING THAT
RENEWABLE ENERGY WOULD NOT ONLY
BE BETTER FOR THE ENVIRONMENT,
IT WOULD ALSO REDUCE THE
INFLUENCE OF OIL RICH COUNTRIES
IN THE MIDDLE EAST AND
ELSEWHERE.
>> SOLAR ENERGY WILL NOT
POLLUTE OUR AIR OR WATER.
WE WILL NOT RUN SHORT OF IT.
NO ONE CAN EVER EMBARGO THE SUN
OR INTERRUPT IT'S DELIVERY TO
US.
>> HE WAS RIGHT NEARLY 50 YEARS
AGO.
EVEN IF THE SOLAR PANELS WERE
MOSTLY SYMBOLIC.
BUT FOR A MOMENT, IT LOOKED
LIKE THE U.S. WAS GOING TO
COMBAT THE OIL SHOTS THAT THE
1970S HUGE INVESTMENTS OF
RENEWABLE ENERGY --
IN THE FOLLOWING YEAR,
PRESIDENT RONALD REAGAN, A
DIFFERENT SPEECH.
>> AMERICA MUST GET TO WORK
PRODUCING MORE ENERGY.
LARGE AMOUNTS OF OIL AND
NATURAL GAS BENEATH OUR LAND
AND OFF OUR SHORES, UNTOUCHED,
BECAUSE THE PRESENT
ADMINISTRATION SEEMS TO BELIEVE
THE AMERICAN PEOPLE WOULD
RATHER SEE MORE REGULATION,
MORE TAXES AND MORE CONTROLS
THEN MORE ENERGY.
>> ONCE HE TOOK OFFICE REAGAN
REMOVED THE SOLAR PANELS FROM
THE WHITE HOUSE, EVEN AS HE
ALSO CALLED FOR REDUCED
RELIANCE ON FOREIGN ENERGY.
FROM THAT POINT ONWARDS IT WAS
A SIMILAR HOLDING PATTERN FOR
EVERY PRESIDENT, STARTING WITH
GEORGE H.W. BUSH AND THE GULF
WAR STARTED ALL THE WAY TO THE
DONALD TRUMP.
>> THERE IS NO SECURITY FOR THE
UNITED STATES IN FURTHER
DEPENDENCE ON FOREIGN OIL.
>> THIS WILL REDUCE OUR DEMAND
FOR FOREIGN OIL.
>> THAT'S WHAT I WANT TO TALK
TO YOU ABOUT TODAY.
A STRATEGY TO MAKE US LESS
DEPENDENT ON FOREIGN SOURCES OF
ENERGY.
>> EACH DAY WE SEE NEARLY ONE
BILLION DOLLARS OF OUR WEALTH
TO FOREIGN COUNTRIES FOR THEIR
OIL.
>> WE ARE INDEPENDENT.
WE DO NOT NEED MIDDLE EAST OIL.
>> OF COURSE THAT LAST ONE WAS
FALSE.
NOW IT'S THE SAME STORY FOR
NEARLY 50 YEARS.
I WILL TALK TO ONE SENATOR WHO
JUST SPOKE TO THE UKRAINIAN