HOW DO WE GET TO OUT OF
HERE?
JOINING ME NOW SENATE ENERGY
NATURAL RESOURCE COMMITTEE
MEMBER LOUISIANA SENATOR
BILL CASSIDY.
THESE ATTACKS ARE ON THOSE
WHO LEAST AFFORD TO PAY IT.
>> I AGREE.
I WISH BIDEN ADMINISTRATION
CARED MORE ABOUT THE FAMILY
STRUGGLING TO PAY BILLS.
YOU HAVE TO BE ABOUT THE
FAMILY FIRST, THEY PUT THE
FAMILY BEHIND THEM.
WE SHOULD BE TOWING MORE TO
LOWER FUEL COSTS.
TREY: YOU ARE A SMART GUY, A
MEDICAL DOCTOR, HELP ME
UNDERSTAND, WHY HAVE GAS
PRICES GONE UP SO MUCH AND
SO QUICKLY?
WHAT IS THE ANSWER TO THAT
FAMILY WONDERING, WHY AM I
PAYING DOUBLE?
>> HEY, TREY, IT STARTED
FIRST WEEK THAT PRESIDENT
TOOK OFFICE.
HE CANCELED KEYSTONE EXCEL
PIPELINE, AND CONTINUED IN A
VARIETY OF WAYS THROUGH LAST
WEEK, YOU NOTED THEY
CANCELED LEASES PRODUCE OIL
AND GAS IN GULF OF MEXICO
AND IN ALASKA, THEY SENT A
SIGNAL TO MARKET AND
PRODUCERS, THAT WE’RE AT WAR
WITH YOU, LIKE PUTIN IS
GOING AFTER UKRAINE, THEY’RE
GOING AFTER OIL AND GAS, AND
THEY ARE SURPRISED, WE’RE
NOT PRODUCING ENOUGH OIL AND
GAS, THEY COULD DO THINGS TO
SEND A SIGNAL, YES WE’LL
START, THEY WILL NOT DO,
THAT THEY HAVE A WAR ON OIL
AND GAS, AND FAMILY AT
KITCHEN TABLE IS PAYING THE
PRICE.
TREY: ALL RIGHT SENATOR, I
HAVE SEEN REPORTS -- FIRST
I’M ASKING IF IT’S TRUE.
THERE ARE REPORTS THAT OIL
AND GAS COMPANIES ARE
REAPING HIGHER PROFITS.
IN MY MIND, IF MY COST GOES
UP THEIR COST SHOULD BE TOO
AND PROFIT WOULD NOT.
BUT ACCORDING TO REPORTING
THAT IS NOT THE CASE.
IS THAT TRUE?
WHY IS THAT TRUE?
>> THERE IS A LITTLE BIT OF
LAG BETWEEN WHEN PROFIT AND
COST CATCH UP.
LESS THAN A YEAR OKAY OIL
COMPANIES ON ONE DAY HAD TO
PAY PEOPLE TO TAKE OIL THEY
WERE PRODUCING, THEY WERE
LOSING MONEY, THEY LACKED
INVESTMENT AND ET CETERA.
NOW THERE IS A LITTLE BIT OF
A LAG, IT WILL EVEN OUT.
BUT THIS IS THE
ADMINISTRATION PASSING THE
BUCK.
IF YOU WILL, THEY COULD LOOK
IN MIRROR SAY THIS SOLUTION
LIES WITH US.
HOW DO WE GET MORE
PERMITTING TO LOWER COSTS
FOR AVERAGE FAMILY, BUT
INSTEAD WE’LL BLAME THE OIL
COMPANIES FOR SOMETHING THAT
THE ADMINISTRATION HELPED TO
CREATE, THEY COULD CHANGE IT
MAKE IT BETTER, THEY CHOOSE
NOT TO AND LOOK FOR EXCUSES.
STEVE: YOU TOUCHED ON IT.
LAST TIME WE WERE TOGETHER,
I ASKED YOU TO GIVE
PRESIDENT ADVICE ON ENERGY
POLICY.
HE MUST NOT HAVE BEEN
WATCHED.
BUT MAYBE HE IS WATCHING
TONIGHT, I’LL ASK YOU, GIVEN
HIM ONE HE SHOULD BE DOING
TO GET THESE ENERGY PRICES
DOWN.
>> TREY, WE NEED AN
OPERATION WARP SPEED FOR
ENERGY, JUST LIKE IN
PREVIOUS ADMINISTRATION A
VACCINE WAS DEVELOPED IN 10
MONTHS.
SIMILARLY IF WE ALIGN THOSE
REGULATORY AGENCIES BRING
THEM THIS A ROOM, SOLVE IT
NOW.
WE COULD ALIGN THE
REGULATIONS AND BEGIN TO
PRODUCE THE OIL AND GAS LIKE
THAT THERE IS A MAJOR
PRODUCER THAT TOLD ME, IF
THEY HAD THE PERMITS, WITHIN
ONE YEAR, THERE WOULD BE OIL
AND GAS COMING OFF OF THE
COAST OF LOUISIANA TO
REFINERIES TO LOWER PRICE AT
THE PUMP AND FUEL COST FOR
HOME, HEATING AND
AIR-CONDITIONING WITHIN A
YEAR.
YOU COULD SAY THAT IS A
YEAR, THAT SENDS A SIGNAL
AND PRICES BEGIN TO GO DOWN
RIGHT AWAY.
THE ADMINISTRATION WILL NOT
DO THIS.
THEY ARE WEDDED TO THEIR
IDEOLOGY, MR. PRESIDENT,
THINK ABOUT THE THE AMERICAN
PEOPLE FIRST, LOWER PRICE AT
THE PUMP WITH OPERATION WARP
SPEED.
TREY: SO SAYS DR. SENATOR