LARRY: YOU WANT LOWER GAS
PRICES?
THAT SHOULD BE EASY.
OPEN THE SPIGOT AND DRILL, DRILL, DRILL.
DRILL, DRILL.
HERE TO TALK ABOUT IT MY FRIEND.
MY FATHER-IN-LAW PASSED AWAY,
FIVE YEARS IN THE AIR FORCE.
I WENT TO THE MOST BEAUTIFUL
MILITARY FUNERAL.
YOU KNOW MY YOU WIFE JULIA, IT
WAS HER DAD.
>> THE AIRCRAFT THAT HE FLEW THE
MOST HOURS IN WAS A C-130
HERCULES THAT I GOT TO SPEND
OVER A THOUSAND HOURS IN ASKING
A YOUNG LIEUTENANT AND CAPTAIN.
AND I KNOW THE HOURS THAT HE
SPENT FLYING THAT AIRCRAFT --
OUR CAREERS KIND OF OVERLAPPED.
I GOT TO THE AIR FORCE BASE IN
1974, ABOUT THE TIME HE RETIRED.
A GREAT MAN.
LARRY: HOW DID YOU KNOW ALL
THAT?
>> I LOOKED IT UP AND WAS
READING ABOUT IT.
HOLLY POND WAS A GREAT AMERICAN.
I HOPE PEOPLE WILL LOOK HIM UP
AND READ ABOUT HIM AND RECOGNIZE
THAT AMERICA IS A GREATER PLACE
BECAUSE OF PEOPLE LIKE HIM AND
MY FATHER.
LARRY: THANK YOU.
AND MY DAD, TOO, WHO WAS IN
WORLD WAR II ARMY AIR CORPS.
AND YOU, TOO.
YOU ARE IN THE SAME MODE.
WHY CAN’T THESE GUYS UNDERSTAND
IF YOU WANT LOWER GASOLINE
PRICES CREATE MORE OIL OR
NATURAL GAS OR PIPELINES OR
REFINERIES OR LNG.
THEY ARE WASTING THE STRATEGIC
PETROLEUM RESERVE.
GAS PRICES AND INFLATION ARE
GOING HIGHER, RICK.
>> THEY ARE SPENDING THEIR TIME
GENUFLECTING IN FRONT OF THE
ALTAR OF CLIMATE.
THEY DON’T CARE ABOUT THE
AMERICAN PEOPLE.
THEY WOULD LIKE TO SEE THE
FOSSIL FUEL INDUSTRY FAIL.
AND EVERYONE GO WITH THESE
RENEWABLES.
AND AT THE SAME TIME THEY
ABSOLUTELY ARE THE WORST ENEMY
OF A ZERO EMISSION INDUSTRY
CALLED NUCLEAR POWER.
I DON’T KNOW WHAT -- I DON’T
KNOW WHAT THEIR END GAME IS
OTHER THAN THEY ARE NOT FOR
FOSSIL FUELS.
IF YOU ARE NOT FOR FOSSIL FUELS,
YOU ARE LITERALLY GIVING A DEBT
TO BILLIONS OF PEOPLE AROUND THE
WORLD.
I DISCOVERED, HAVING DONE SOME
READING NOW, THEY HAVE A
MENTALITY THAT IS ANTI-HUMAN
BEING, ANTI-HUMAN IMPACT ON THE
PLANET.
FOR THE HUMAN CITIZENS OF THIS
WORLD TO FLOURISH, YOU HAVE TO
HAVE A REASONABLE SUPPLY OF
ENERGY AT A REASONABLE PRIZE.
ONLY WAY YOU CAN GET THAT IS
THROUGH FOSSIL FUELS.
THERE IS A GREAT BOOK.
I HOPE YOU CAN HAVE THIS YOUNG
MAN ON SOME TIME.
ALEX EPSPY.
HE HAS A WORK CALLED FOILS FUEL
FUTURES.
I HIGHLY RECOMMEND IT.
FOSSIL FUTURE.
LARRY: ONE OF THE THINGS IN THE
CPI REPORT, RICK.
UTILITY PRICES, POWER PRICES ARE
STARTING TO GO THROUGH THE ROOF.
I GUESS IT’S SEEING LESS NATURAL
GAS.
ELECTRICITY PRICES UP 18% THE
LAST 3 MONTHS AT AN ANNUAL RATE.
I MEAN IT’S AIR-CONDITIONED IN
THE SUMMER AND HEATING IN THE
WINTER.
HOW CAN PEOPLE AFFORD THESE
ELECTRICITY PRICES?
>> WE COULD SEE THIS COMING. YOU RECALL BACK IN THE EARLY 2
YOU RECALL BACK IN THE EARLY 2
200s WE STARTED SEE -- EARLY
2000s WE STARTED SEEING
NATURAL GAS PRICINGS MAYBE EVEN
$30.
I DON’T KNOW WHAT THE HENRY HUB
PRICE IS FOR NATURAL GAS TODAY,
BUT I AM EXPECTING IT’S OVER $7
OR 8.
LARRY: CLOSE TO $9.
>> BUT THE POINT IS THIS DOESN’T
NEED TO HAPPEN.
YOU CAN GET RID OF -- GOVERNING
ISN’T DIFFICULT.
DON’T OVERTAX AND LITIGATE.
THESE PEOPLE THINK YOU CAN
OVERREGULATE, AND I THINK THEY
ARE OVERREGULATING ON PURPOSE TO
STRANGLE THE FOSSIL FUEL
INDUSTRY.
LEAVE THE TRUMP TAX CUTS IN
PLACE.
FOR EVERY REGULATION YOU COME
FORWARD WITH, CUT TWO OUT.
AND THIS RECESSION WE ARE FACING
IS BEING DRIVEN BY FOUR POLICIES
IN THE WASHINGTON, D.C. RELATIVE
TO INDUSTRY, AND THIS RUN AWAY
SPENDING THAT IS DRIVING THE CPI
THROUGH THE ROOF.
SO WHERE IS LARRY KUDLOW AND ART
LAFFER * WHEN YOU REALLY NEED
THEM.
LARRY: THERE IS YELLEN ON THE
HILL NOT ONLY IN DENIAL ABOUT
THEIR FISCAL AND REGULATORY
INFLATION.
BUT SHE IS PUSHING THE 2023
BUCKET AT LEAST ANOTHER $5
TRILLION AND $3.5 TRILLION IN
TAX HIKES.
SHE IS STILL PUSHING THAT
NONSENSE WHICH IS INCREDIBLE.
I HAVE GOT TO GO.
CAPTAIN RICK PERRY, I LOVE YOU.