180 MILLION BARRELS TO BE
RELEASED.
JOINING ME IS THE COALITION TO
PROTECT AMERICAN WORKERS
EXECUTIVE DIRECTOR, HE’S THE
FORMER CHIEF OF STAFF TO VICE
PRESIDENT PENCE, MARK SHORT.
MARK, GREAT TO SEE YOU.
THANKS SO MUCH FOR BEING HERE
THIS MORNING.
SO THE PRESIDENT PRESIDENT TRIED
TO RELEASE OIL FROM THE
STRATEGIC OIL RESERVE BEFORE AND
WHEN HE DID SO, OIL PRICES
ACTUALLY TRADED UP AND NOW WE
ARE ABOVE THAT LEVEL OF BEFORE
HE RELEASED OIL FROM THE
RESERVES.
WHAT IS YOUR TAKE ON THIS LATEST
MOVE TO RELEASE MORE OIL FROM
THE STRATEGIC OIL RESERVE?
WILL IT WORK TO GET GASOLINE
PRICES LOWER?
>> WELL, MARIA, THE STRATEGIC
PEE TOLL YUM RESERVE IS --
PETROLEUM RESERVE IS THERE FOR
NATIONAL EMERGENCIES.
THIS IS A PROBLEM OF THE
PRESIDENT’S OWN MAKING AND THE
RELENTLESS WAR ON PRODUCING OIL
AND GAS DOMESTICALLY.
IT WAS ONLY A COUPLE YEARS AGO
UNDER THE TRUMP/PENCE
ADMINISTRATION THAT AMERICA WAS
EXPORTING MORE OIL THAN IT WAS
IMPORTING FOR THE FIRST TIME IN
75 YEARS.
WE’VE TOTALLY REVERSED THOSE
POLICIES.
AND SO I THINK THAT THE
TEMPORARY RELIEF IS NOT GOING TO
BE LONG-LASTING.
THE INTERNATIONAL SUPPLY AND
DEMAND ARE IN SUCH A PLACE THAT
PRICES WILL CONTINUE TO RISE SO
IT’S A CLEAR ATTEMPT BY THE
BIDEN ADMINISTRATION TO TRY TO
FLAIL AND DEFLECT BUT THINE
ABOUT THIS FOR-CAR THINK ABOUT
THIS FOR A SECOND.
A MILLION BARRELS A DAY, WE
BASICALLY CONSUME
20 MILLION BARRELS A DAY SO
ABOUT 5%.
THE REALITY IS, THE PROJECTIONS
FOR KEYSTONE PIPELINE IF WE
WOULD HAVE BEEN IMPORTING JUST
UNDER A MILLION BARRELS A DAY
FROM CANADA’S TAR SANDS, SO HIS
CANCELLATION OF THE KEYSTONE
PIPELINE IS BEING OFFSET BY
TAPING INTO THE STRATEGIC
PETROLEUM RESERVE AND IF HE DOES
THIS FOR THE DAYS HE SAID UP TO
180 OF DAYS, WE’LL HAVE THE
LOWEST RESERVES WE’VE HAD SINCE
THE 1980s.
THIS IS A CRISIS OF THE
ADMINISTRATION’S OWN MAKING.
MARIA: YEAH.
BUT MARK, YOU KNOW THAT THE
PRESIDENT DOESN’T SEE MANY
OPTIONS BECAUSE IF HE WERE TO
UNLEASH THE ENERGY THAT IS SO
PREVALENT HERE IN AMERICA, THAT
WOULD DEEM HIS CLIMATE CHANGE
AGENDA A FAILURE.
AND WE KNOW THAT THE CLIMATE
CHANGE AJEN AGENDA IS EVERYWHERE
THAT IS THE PRIORITY FOR THIS
ADMINISTRATION.
LET’S NOT FORGET WHAT HAPPENED
AT THE SECURITIES AND EXCHANGE
COMMISSION LAST WEEK.
A NEW RULE FROM THE S.E.C. THAT
WOULD REQUIRE ALL PUBLICLY
TRADED COMPANIES TO REPORT
ENERGYINFORMATION ON GREENHOUSE
EMISSIONS AND RISKS RELATED TO
CLIMATE CHANGE.
THAT MEANS ALL PUBLIC TRADED
COMPANIES TO MAKE REGULAR
REPORTS ON CLIMATE CHANGE WHICH
WILL BE HIGHER COSTS FOR THOSE
COMPANIES.
I SPOKE WITH THE FORMER CHAIRMAN
OF THE SECURITIES AND EXCHANGE
COMMISSION YESTERDAY, HARVEY
PITT, AND HE REACTED TO THE NEW
RULES.
TAKE A LISTEN.
>> FOR THE S.E.C. TO REQUIRE
AFFIRMATIVE DISCLOSURES ABOUT
CARBON EMISSIONS AND APPLY A ONE
SIZE FITS ALL TO ALL COMPANIES
ABOUT THAT, I THINK IS GOING TO
SORELY TEST THE ABILITY OF THE
S.E.C. TO GAIN CREDIBILITY FOR
RULES THAT ARE CLEARLY AND
UNDOUBTEDLY WITHIN ITS
AUTHORITY.
MARIA: MARK, YOUR REACTION?
>> MARIA, THIS IS A SHOCKING
RULE BY THE S.E.C. AND IT’S
SOMETHING THAT’S GOTTEN FAR TOO
LITTLE ATTENTION AND NATIONAL
COVERAGE AND IT CONTINUES AS YOU
SAID THE RELENTLESS WAR ON
DOMESTIC PRODUCTION OF OIL AND
GAS AND WHAT IT’S ALSO LED TO IS
A LOT OF THESE ENVIRONMENTAL
SOCIAL GOVERNANCE PROGRAMS.
IT’S LED TO LESS INVESTMENT.
SO WHEN THE BIDEN ADMINISTRATION
DEMEANS AND SAYS WE NEED MORE
PRODUCTION HERE HE DOMESTICALLY,
ALL THEY’RE DOING IS DRIVING
INVESTMENT AWAY WITH RULES OF
THIS NATURE.
AND THERE’S A NATIONAL EMERGENCY
COMPONENT TO OR NATIONAL
SECURITY COMPONENT.
IF THEY CONTINUE AS MAYOR PETE
TELLS AMERICANS THAT EVERY
AMERICAN SHOULD JUST BUY AN
ELECTRIC VEHICLE, AS HE’S BEING
DRIVEN AROUND AT TAXPAYER
EXPENSE BY GOVERNMENT DRIVERS
AND GOVERNMENT VEHICLES, THE
REALITY A IS THAT 80% OF
ELECTRIC VEHICLE BATTERIES ARE
MANUFACTURED IN CHINA AND 95% OF
RARE EARTH MATERIALS USED FOR
ELECTRIC VEHICLES ARE HARVESTED
IN COMMUNIST CHINA AND RUSSIA.
SO THEIR POLICIES ARE ONLY
PUSHING US TO BECOME MORE
DEPENDENT UPON OUR NATION’S
GREATEST ADVERSARY AS OPPOSED TO
SIMPLY HARVESTING THE NATURAL
RESOURCES THAT GOD PLACED HERE
IN AMERICA THAT THE TRUMP/PENCE
ADMINISTRATION PRODUCED A FEW
YEARS AGO THAT WE BECAME ENERGY
INDEPENDENT AND NEXT EXPORTERS
FOR THE FIRST TIME IN 75 YEARS.
MARIA: LOOK, DON’T FORGET THAT
PETE BUTTIGIEG HAD HIS BIKE IN
THE SUV SO, YES, HE WAS DRIVEN A
BLOCK AWAY FROM THE WHITE HOUSE
BUT THEN HE TOOK OUT HIS BIKE
AND HE RODE HIS BIKE FOR THE
LAST BLOCK.
DAGEN McDOWELL, JUMP IN HERE.
DAGEN: MARK, OUR DOMESTIC
ENERGY POLICY IS INEX LINKED TO
FOREIGN POLICY, OUR POWER HERE
IS POWER ON THE WORLD STAGE.
AND WHAT ABOUT JOE BIDEN’S
MISHANDLING OF OUR RELATIONSHIP
WITH SAUDI ARABIA AT A TIME WHEN
THE WORLD NEEDS MORE OIL, OIL
FROM SAUDI ARABIA, UNITED ARAB
EMIRATES, AND JUST TO OFFSET THE
OIL THAT IS NOT COMING OUT OF
RUSSIA RIGHT NOW.
THE UNITED STATES BECAUSE OF
BIDEN TURNED OUR BACKS ON SAUDI
ARABIA AND NOW SAUDI ARABIA IS
LOOKING TO CHINA AND TALKING
ABOUT ACCEPTING THE YUAN FOR
PAYMENT OF OIL.
>> DAGEN, YOU’RE EXACTLY RIGHT.
THESE ARE INNER LINKED.
REALITY IS WHAT YOU SEE IS THE
BIDEN ADMINISTRATION RELYING
UPON AMERICAN OIL AND CREATING
AMERICAN JOBS, IS THEY’RE GOING
HAT IN HAND TO DICTATOR
VENEZUELA, ASKING FOR HELP OR
THE MOLES IN IRAN.
THEY BEGAN ON THE WRONG FOOT
WITH SAUDI ARABIA.
WHEN THE HOUTHIS CONTINUED TO
ATTACK SAUDI ARABIA, EVEN THIS
PAST WEEKEND AGAIN, LAUNCHING
BOMBS AND ATTACKING FACILITIES
THERE FOR OIL PRODUCTION, THE
REALITY IS THE HOUTHIS WERE ON
THE TERRORIST LIST OF NATIONS BY
THE TRUMP/PENCE ADMINISTRATION.
ONE OF THE FIRST THINGS THE
BIDEN ADMINISTRATION DID WAS
THEY TOOK THEM OFF.
THAT ANGERED THE SAUDI ARABIANS.
THEY’RE LOOKING TO IRCG OFF THE
LIST OF NATIONAL TERRORIST
GROUPS WHICH FURTHER IRRITATES
OUR PARTNERS IF THE MIDDLE EAST
SO YOU’RE EXACTLY RIGHT, DAGEN.
THESE ARE INNER LINKED AND THE
REALITY IS THAT WHAT THIS
ADMINISTRATION IS DOING IS
THEY’RE GOING TO OUR ADVERSARIES
TO SAY PLEASE HELP US RATHER
THAN JUST GOING AHEAD AND
STOPPING THEIR CONTINUAL WAR ON
FOSSIL FUELS BE IN AMERICA WHERE
WE’RE ACTUALLY ABLE TO HE CREATE
AMERICAN JOBS.
MARIA: YEAH.
AND YOU HADN’T HEARD A PEEP OUT
OF THIS ADMINISTRATION ABOUT
THOSE ATTACKS ON THE SAUDIS, ON
THE UNITED ARAB EMIRATES FROM
THE HOUTHIS WHICH ARE BACKED BY
THE IRANIANS.
WE ALSO DON’T HAVE ANY
INFORMATION ABOUT THIS IRAN DEAL
THAT THEY ARE NEGOTIATING RIGHT
NOW THAT YOU APPARENTLY WE’RE
JUST DAYS AWAY FROM REJOINING.
WE HEAR A LOT OF INFORMATION
ABOUT WHAT HE’S GOING TO DO OR
NOT DO IN RUSSIA BUT NO
INFORMATION ABOUT THE IRAN DEAL
WITH RUSSIA NEGOTIATING ON THE
U.S.’S QUESTION BEHALF.