Ep 580 ｜ The REAL Reason for High Gas Prices ｜ Guest： Jacki Daily
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Summary
Our guest today is Jackie from The Jackie Daily Show, a weekly show right here on The Blaze, where she talks about energy, oil, climate change, and environmentalism. She can talk about a ton of other things, but this is her beat and she is an expert at explaining the ins and outs of all of it.
Transcript
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Hey guys, welcome to Relatable. Happy Thursday. This episode, as all our episodes, is brought to
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you by Good Ranchers American Meat Delivered right to your front door. Go to goodranchers.com
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slash Allie for a discount. That's goodranchers.com slash Allie.
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Okay, guys, I am super excited for you to listen to this conversation. It is absolutely amazing.
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Our guest today is Jackie from the Jackie Daily Show. It's a weekly show actually right here on
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The Blaze and she talks about energy and oil and climate change and environmentalism and all of
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this stuff. She can talk about a ton of other things, but this is her beat and she is an expert
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at explaining the ins and outs and all of it, of all of it. And just a fun little tidbit about her.
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So when I started at The Blaze, it was called The Blaze, then now it's Blaze TV. But when I started
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at The Blaze at the beginning of 2017, I don't even remember how exactly I got connected to her.
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But I knew that she worked at The Blaze. Someone connected us and she was nice enough to meet
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with me. I hadn't even started really in any of this. I had a little blog. Of course, she had never
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heard of it. It was called The Conservative Millennial. But she agreed to meet with me at her office and she
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just asked me what I wanted to do. And she gave me, I remember that day, so much encouragement.
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She affirmed that she felt like I was a good communicator, that I could do the things that
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I wanted to do. She doesn't even realize that the encouragement that she gave me and nobody that
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day, it really did give me a lot of confidence to pursue what I want to do. And now here we are
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five years later and she is on Relatable on Blaze TV. And so Jackie is a big part of me doing what I do
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now. And she's just such a sweet lady in addition to being a very knowledgeable and a successful
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person. And so you're going to love, love, love this conversation and you're going to get a lot
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out of it. So without further ado, here is our friend Jackie. Jackie, thank you so much for joining
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us. Thank you. First, let's start with the basics. Why are gas prices so high right now?
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Okay, so gasoline is derived from oil. It is an oil product. And so when the price of oil goes up,
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the price of gasoline goes up all the time. No exception. And so when you have, for example, a war,
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although this started long before the war, but I'll just say this first. Anytime there is a war,
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typically commodities prices shoot through the roof. Oil and gas, wheat, soy, corn. So what's happening
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now is piling on hard to the problems we already had, which were pretty difficult to describe and
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complex, but I'll try. Basically, there are major oil producers in the world, only three, basically
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Saudi Arabia, Russia, and the U.S. After the fracking revolution, we're back to being a top or the top
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producer at good prices. There are lots of other countries that produce, but the bottom line is there's
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demand. How much does the world need at any given moment? And then there's supply. How much can those
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suppliers put onto the market to meet that demand? If the supply is low, you have to pay more because
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there's less of it. If the supply is high, you pay less because you're flooded in it. So this is how
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gas prices work, generally speaking. Most recently, the COVID shutdown was artificially suppressing
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demand. People weren't driving. Businesses weren't open. So all of a sudden, the demand
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for oil tanked. Because of that, a lot of U.S. oil and gas companies went bankrupt.
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They could not survive this artificial... It wasn't COVID that did. It was COVID policy.
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It was a shutdown. Probably very ill-advised for as long as it went on. But the point is that
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now you have less producers in the U.S., which is the top producer of oil. So that oil is missing.
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We don't have it, for starters. Then, with a war, typically throughout my lifetime and yours and
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even our grandparents, at least since the advent of OPEC in the 60s.
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The Organization of Petroleum Exporting Countries. Saudi Arabia, Iran, Venezuela.
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Many countries in that category of petro-state dictatorship doesn't share our values, often
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hostile to this country. So we can't rely on them to give us oil and gas, even though they
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control about 70% of the supply. They're a cartel. So in the 60s, they all came together
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to form the cartel. And from that time forward, if you wanted to spike the price of oil, so you're
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one of those countries. You can't meet your budget. You need revenues. You want to line your pocket,
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dictator. All you have to do is start a war. So when you knock off production in another oil-producing
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country, Iraq, Syria, Iran, wherever, Nigeria, Libya, wherever you can gin up a problem, civil strife
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or war, and knock them off production, supply comes off, prices go up. So for all of our lives,
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people like Russia leaders and OPEC leaders have had an incentive to gin up warfare. That's
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how they make money. That's how they get the price of oil to go up. And this went on until
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the fracking revolution in the U.S. So for the first time, so much of our existing oil and
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gas in this country, which was always there, trapped in rock, in shell rock, was viable
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economically. We could get it out of the rock economically because of new technology that
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hit really big. It's been around for a while, but it really hit its stride in about 2012 or
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2014. So all of the American oil patch came alive again from, you know, has been dead since
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the 80s mostly. Another story, but I don't have time for it. But basically, this is why
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all this money and all these people poured into the U.S. oil patch to boost our production,
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taking us from about 5 million barrels a day 15 years ago to about 10 to 11 on a good day.
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And some people say we get up to 15. That's enough to replace a Russia. But what was important
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was it was putting so much oil on the market. The price was coming down, down, down, down.
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And all these petro-states and people like Putin are going broke. So when the price of oil goes from
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$100 a barrel down to $26, as it did in 2016, that is Russia-facing state failure. They cannot
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make their budget. It's the majority of their budget, the majority of their revenues,
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and even more so for the Gulf states. So this is a crisis for them. U.S. oil production is a crisis.
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And they'll do anything they can to destroy it, which is why Russia funds our green movement to
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fight our pipelines, to fight our fracking. They do the same in Europe, according to the NATO leader
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Rasmussen. Hillary Clinton said this when she was in the State Department. She's like, constantly,
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it's what we're up against. The Russians, you know, fracking bad, pipelines bad, and we can't get
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anything done. So Hillary's not really a green, you know, she's not really a green movement person.
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I'm not sure if any of these people really are. It's hard for me to believe that they're honest
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about it. Many of them are not. Many of them are grifters. There's big money to be made because in
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the green movement, they dangle this carrot of $2 trillion will be redistributed to green technology.
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So in D.C., when I was there for seven years on Capitol Hill, everyone and their brother was forming
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a solar company, a defense contracting company, a wind company to get in line for that. So this is why the
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West is on board. It's the promise of massive money. And in this massive PR campaign, a lot of
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the money coming from overseas, from our competitors. They're putting the money in to take out their
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number one competitor, which is U.S. oil and gas producers. And the reason they have to do this
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is activism only works in a free country where there's freedom of speech, freedom of press, freedom
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to assemble and protest. And you can vote in what should be real elections to put your favored candidate
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in. This kind of activism doesn't work in Riyadh, in Moscow, in China, in Tehran. They couldn't care less.
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They're going to do what's best for their countries economically to be superpowers. They don't care what the
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Sierra Club thinks, but they'll sure send the money to battle us. So we're unique in all the world
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because in this country, our president does not dictate our oil and gas production. It's not up to
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him. We are the only country where the individual property landowners own the mineral estate or the
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oil and gas beneath their feet. So literally millions of Americans own our oil and gas, whereas
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Putin and the Russian government owns Russian oil and gas. The House of Saud owns Saudi Arabian
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oil and gas. There are these families that just are at the top, and that is it. But in this country,
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not only do we own what is beneath our feet, so it's up to us whether to produce it or not. But then
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you have millions, tens of millions of Americans who are invested in it. So pension funds, mutual funds,
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ETFs, chances are we're all invested. If you're invested at all, chances are very high you're
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invested in oil and gas, and you kind of own a part of that because you own equity in those companies.
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And Exxon or Chevron or Continental or Apache or the thousands of American companies that produce oil
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and gas. We think of the big seven, which is Exxon and BP and Shell, but they actually don't produce
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the majority of our oil and gas. It's a bunch of mom and pop shops. I go to the conferences, thousands
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of companies that produce oil and gas. And Biden can't control them. But what he can do is regulate
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them out of existence. And he's done that to the best of his ability. There's no more polarized issue
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in this country than climate, which is energy, which is oil and gas, not race, not abortion,
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not the border, no climate. So you tell me what you believe about, you know, is climate change an
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existential threat for which you should hand over all of your paycheck to the government and forfeit
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our sovereignty to a world body to solve it? If you believe that, I know who you're voting for.
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If you don't believe that, I know who you're voting for. It's a very clear, you know, cut.
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Distinction. Distinction. So the point is that Biden can be blamed and should be blamed
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for what's happening because his policies reversed all the Trump policies, which were
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hit the accelerator as hard as we can by pulling the EPA off of these companies.
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Yeah, that was what Trump was doing. Like his EPA, his Fish and Wildlife Service were being serious
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about getting these phony, endangered species actions, whether regulatory or in the courts off
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of people. Because if they say there's an endangered lizard in the biggest oil field in Texas, what
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they're trying to do is stop the oil production in the biggest oil field in America. That's what's
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really going on. No one cares about that lizard until they can find it on top of our oil patch.
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And then someone probably funded by a foreign government is, you know, in an NGO or nonprofit
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suing inside the government to take all this production offline. This is what's happening.
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Just to give people another example, I remember talking to some people in Bakersfield, California,
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because of the Delta smelt. To your point, a really small, tiny fish in the body of water that
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they needed to use to water their crops. They weren't able to use this body of water anymore,
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which actually had a huge economic impact and supply impact on California because of environmental
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agency saying, no, we need to protect this one fish. So sorry, you can't use this water to
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water your crop. So just to your point, that is absolutely happening. That's what the EPA is doing.
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And you're saying Trump tried to try to hold that back a little bit, dial that back.
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His appointees tried to dismiss these actions, these enforcement actions, these lawsuits.
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And there are a thousand and one ways to do it. It's like there's also, oh, there's a wetland
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on this oil patch. Somebody found a wetland, boom, off production. Or the Obama administration
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tried to expand the definition of waters of the United States, which is a way to expand
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federal jurisdiction by saying that a mud puddle in your property that fills up with water during
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the rainy season is a navigable water of the United States that they could regulate. It's a thousand
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and one tricks. I mean, it's going on constantly across tens of thousands of bureaucrats and the
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federal agencies to try to destroy any U.S. oil and gas production in the name of climate change.
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And they have a thousand tricks. So the Trump administration tried to roll all that back.
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And that wasn't really seen much in public. And then the biggest threat I think that's happened
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is no longer the frack bans like you see in New York State or the pipeline protests, like just the
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Keystone being one of many. The big threat is called ESG investment criteria.
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And I went to Washington in 2020 because I used to go to the White House and have some meetings
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as part of a team and people didn't know what it was in 2020. So this is how quick and how new.
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I mean, it's an old idea, but it's really hit its stride in the last couple of years.
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And the idea is environmental social governance is ESG criteria. Basically, it's like a Chinese
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social credit score. It's a wokeness score on a corporation. Is it woke enough? And of
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course, oil and gas is like zero on the woke scale because it's not green. So you're not
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environmentally sound. Therefore, the bank or the financial institution will not lend you
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the millions that you need to go explore and develop your wells. So as of like 2019, more
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than half of the financial institutions that back oil and gas production in this country
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Because of their low ESG scores. That's such a good, you know, we just, this will come out
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on Thursday. We just had yet another conversation on Tuesday about the Great Reset and all of that.
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This is a really good example for people to understand the consequences of an ESG score.
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Yeah. So why are your gas prices high? ESG has a lot to do with it. If you can't get any
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money in the oil patch, you can't operate. It's that simple. And we are a private sector
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oil generator as opposed to like these other countries, our government. So we don't have
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any power to compel anyone to give us money to go produce. Our producers are ready to go.
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They would love to make money at these prices. I mean, there's never been a better time since
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2008 was the last time to drill and produce and make money. And some of them can't because
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they can't get the financing that they need. So that's being choked off. And, you know,
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when Donald Trump was president, he tried to say to the SEC Securities and Exchange Commission
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and the Department of Labor, which governs where your pensions are invested and was implementing
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ESG to pull your pensions out of oil and gas and coal and other things, firearms manufacturers
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and payday loan lenders and all that. You know, Trump said, no, we are not doing that.
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We're going to abide by the law, which says that you must look out for the returns of the
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retiree. You don't get to play politics with their money. What you have to care about when
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you're regulating is whether or not we're getting returns. So being diversified is important,
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including in energy. And so that reversed ESG during the Trump administration inside the
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Department of Labor and inside other, there are many agencies actually this touches on.
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And then Biden immediately reversed that. So there are so many ways that are not seen and not debated
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because Congress is like the theater. Congress is the opera. It's the soap opera. It's the shiny
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object. But the real dirty work is done inside the agencies by unelected bureaucrats that you can't
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get rid of. Trump couldn't get rid of. They are the deep state. They are the C-level appointees.
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They're just, they're there for life. They're committed. They're ideologues. It doesn't matter
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who's president. And we need some serious civil service reform to be able to fire those people.
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And one of the ideas for getting rid of this lot was moving all the federal agencies out of DC
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and into real America next to the problems they're supposed to be solving. I said, let's send DHS
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to Nagadoches, Arizona, the highest crime rate, you know, for border crime at the time, way back then.
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Let DHS, you know, people who like to do the DC cocktail parties go out to Nagadoches and live in
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the center of the problems they're creating. So true. Yeah. Or, you know, send them to Mino,
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North Dakota, average temperature negative seven or something. Someplace that isn't sexy. Someplace
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that gets them out of the beltway bubble and into real America. And that would have forced a lot of
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retirements right there. So there are some things that the Biden administration has done, just kind
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of reiterating your point, that people have questions about because there's a debate. Obviously, the
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Biden administration, I've seen some sources that they call themselves unbiased, but really they're
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liberals saying, you know, Biden has no control whatsoever over the price of gas. There's nothing
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that the Biden administration could do at this point to lower the price of gas. The keystone
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XL pipeline would have taken years to build. So that's not going to have an effect on it.
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Jen Psaki said, she said recently, you know, there's plenty of leases right now. There are
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plenty of people who can start producing gas if they want to. And in fact, I think we have a clip
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where she basically belittles this idea that their administration could do anything to have an
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effect on this. So let's play that exchange if we can. Would President Biden ever undo his executive
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border that stopped the construction of the Keystone XL pipeline? Are you suggesting that would solve
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the gas prices issue? Well, do you think that that would maybe affect prices faster than getting the
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whole country off of fossil fuels? I actually don't think it would. The Keystone was not an oil field. It's a
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pipeline. Also, the oil is continuing to flow in just through other means. So it actually would have
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nothing to do with the current supply. So is that true? Is it true that the Biden administration
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basically has their hands tied and they can do nothing to help the situation?
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That's completely and totally false. So either she doesn't know what she's talking about,
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or it's a bold, brazen lie. I mean, I would say there's a very good chance she was an English major
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at William & Mary. She probably knows nothing about oil and gas. So she gets a handful of talking
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points that say almost nothing. And she says almost nothing. No, it's completely false. And so
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if he had not on the day one of his administration blocked that pipeline, you know what? We might be
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really close to having it complete. And actually, if previous administrations like the Obama
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administration hadn't spent six years shutting down these international pipelines from Canada to
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the U.S., they've been done years ago. There's no excuse for being in this position. This is not just
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the Biden administration. It's years of bad planning and bad policy, kowtowing to a green movement that's
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not really green. And that's a different show. I could do a whole show on that. But most of the people
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are well-intentioned, but this just doesn't work. Her defense of the State of the Union address
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contrasts sharply with what she just said. She said, we're putting up 500,000 electric vehicle
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charging stations by 2030. We have 2 million miles of pipeline in this country, and we can have a whole
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lot more if only they would get out of the way at the federal level. And the states are a problem too
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sometimes. But the point is, she thinks 2030 and charging stations are a solution for a problem that
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we could fix so fast. What we need right now is about $15 billion pumped into the oil pouch
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immediately, an investment. And we could get our levels by the end of the year back up to about
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2019 levels before the shutdown. So it can't happen overnight. I mean, it's easy to shut down a well
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and say, we're not making money or whatever's going on. Let's just pause. But to ramp it back up,
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get the team back up, get the money, have the certainty, have the infrastructure, which is pipelines,
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to get your product from where you are to where it needs to be timely without shutdowns from
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activists protesting or whatever that you can't predict. The political risk in this country is
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crazy for people in oil and gas. It's a big gamble because these are high investment dollars going in.
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There are a thousand things that they could be doing. And to pretend, I mean, she probably doesn't
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know any better. Yeah. I just think Jen Psaki doesn't know what she's talking about. I'd say that
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before I would say she's intentionally lying to you. She probably has no idea what she's saying.
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Yeah. I want to play you this short clip, speaking of just completely nonsensical solutions of Pete
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Buttigieg. We also played it on Tuesday. Him suggesting, well, why don't people just buy
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electric cars? That'll solve this problem. Here he is.
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Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging
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network so that people from rural to suburban to urban communities can all benefit from the gas
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savings of driving an EV. Is that a solution to high gas prices?
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This drives me crazy. So much is wrong with that statement from start to finish. Number one,
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we don't have time to build out all this stuff. We need to use what we have right now in place
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already for the immediate crisis. Does he understand there's a war going on that could quickly
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explode into something much bigger? Does he understand it? We don't have time for this.
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Second, he clearly doesn't understand that electric vehicles are made from oil.
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Every piece of them are made from oil. The fiberglass, the paint, the battery, everything is
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made from oil. Moreover, I mean, the battery components themselves are made of rare earth
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elements, the supply chain of which is controlled by China. He's giving more supply chain control to
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China. The Germans are doing the same. Right now, they're doubling down in the middle of this war.
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Like, oh, this is a great time to build more solar and more electric vehicles. No.
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Because they're like, you know, we control our solar. You know, Russia controls the natural gas.
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They have the gas. We control the solar. No, you don't. China controls the solar and the electric
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vehicles. And by the way, Germany is sitting on top of a sea of natural gas that they refuse to frack
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because the Green Movement succeeded in getting them to commit suicide and become totally dependent
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on the Russians. And that's what's happening here, too.
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Yeah. Which is disgusting. There's no excuse for this. And by the way, Buttigieg, the electric vehicle
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runs on electricity. Has he stopped to ask, what is electricity made from in this country?
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In some countries, it's made of oil. Not this one. It's made of natural gas, which is also a hydrocarbon,
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same as oil. It's made from coal. Those are the two biggest contributors. An electric-powered vehicle
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is a fine thing. But it's a coal-powered vehicle. It's a natural gas-powered vehicle. Those are
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hydrocarbons just like oil. They're fossil fuels. They're oil, gas, and liquid forms are the same
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thing. Now, natural gas burns cleaner. That's true. But also, it's a nuclear-powered vehicle.
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Less than 10% of this country's energy, electricity, comes from wind and solar. After all these tens of
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billions of dollars that you've paid in your tax bill and your electric bill,
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to subsidize it. And it only works a third of the time in good times. In bad times, like the Texas
00:24:31.880
freeze, wind collapsed to 1.5% of its capacity. Complete no-show when you need it most. That is
00:24:39.320
the hallmark signature trait of wind and solar. If there's a hurricane, oh, sorry, we got to shut down
00:24:44.480
the wind turbines so they don't get damaged. You don't get much sun on a solar panel in the middle
00:24:49.520
of a hurricane. When you need them most is when they're absent. And it's not dispatchable. It's
00:24:56.700
not reliable. You can't store it as of yet. Someone will invent that someday, but we can't make plans
00:25:02.340
based on what might happen someday 20 years from now. So is there any truth to what environmentalists
00:25:08.700
say that oil and fracking is bad for the environment? To people who are out there who are skeptics, say they
00:25:14.320
think that they're environmentalists. And they say, OK, well, Jackie, then what is the solution?
00:25:20.900
OK, so we have to start with some assumptions. I would back up to the very first assumption
00:25:26.740
that that climate change is an existential threat. OK, this is false. People call me a denier. That's
00:25:33.540
ridiculous. I don't even know anyone who denies climate change. It's happening. It's happened since
00:25:37.400
the beginning of time for as long as recorded history can tell us. It's natural. And we contribute.
00:25:43.600
We exhale, in fact. Just exhaling contributes. Being alive contributes. Yeah. So we're the enemy,
00:25:50.260
I suppose, in their eyes. But that's a whole other conversation. Yeah. But there's nothing to be
00:25:56.640
afraid of. They're really, really, really good news that no one's talking about, except maybe Obama's
00:26:02.900
former deputy secretary of energy, Steve Coonan, who wrote a book called Unsettled. He's amazing.
00:26:08.960
Get the book, Unsettled, is this. I saw him give a presentation here in Dallas. Here's just one
00:26:15.040
example. He said he took the top 27 climate models. People think there's one that's catastrophic. No,
00:26:21.980
there are many, many, many, many. He took the top 27, averaged them, and then compared what they
00:26:27.660
projected for the past 10 years to actual temperature rise. So how did the theory or the model compare to
00:26:35.320
the actual? He found the models overshot warming by 45%. So we're 45% better off than the average
00:26:45.780
model suggested. Now, I will tell you, I suspect the press only cites to the most extreme top five
00:26:53.280
models, right? The worst case scenario, because that's what sells, is fanaticism and scaring people
00:26:59.180
if it bleeds, it leads. And so if you took the top 5% and averaged them and compared them to the
00:27:04.480
actuals, they're probably, I'm guessing, about 80% above what they said we would be. So the first issue
00:27:09.860
is global warming is not anywhere near what we've been sold. Like, not even close. This is nothing that
00:27:16.140
mankind cannot manage. We've got this. We've totally got this. This is not something to lose sleep over.
00:27:21.260
This is not something to not have children over. This is not something to wreck your economy and
00:27:26.720
go back to living Amish over, because that's what would be required. To sign your liberty away over,
1.00
00:27:30.600
because that's really kind of what's behind it, not just the money, but also if people believe that
00:27:34.180
they're in an existential crisis, and if you just give enough power to the government, just like in
00:27:38.820
any other crisis, then they will be able to solve this for you. And for future generations,
00:27:44.160
people are going to be willing to do that. That is also why the press, why liberal politicians
00:27:50.320
use the most extreme models to try to say, we are in this existential crisis.
00:27:55.440
Totally. They're going to exploit this to the hilt and do everything they can to concentrate power
00:28:00.240
in Washington. So watch the politicians, right? There's kind of a divide in the country. One side
00:28:06.460
does everything it can to concentrate power and money in the hands of a few in Washington, D.C.
00:28:12.600
The other side does everything they can to decentralize power and money into the states and the local
00:28:18.260
governments, because it's less dangerous, right? Like nothing's more dangerous than government.
00:28:24.140
Only government can draft you into a war and drop you into a triple canopy jungle or round you up and
00:28:32.140
commit a genocide or take away your freedom under false pretenses and throw you in a cage for the
0.97
00:28:38.000
rest of your life in a prison. I mean, government is very powerful. As Elon Musk said, it's the biggest
00:28:42.720
corporation and has a monopoly on legal violence. So some of us are saying, wait a minute, how about we
00:28:50.980
not hand over our money and our sovereignty and our rights to a handful of people who obviously don't
00:28:57.040
know what they're doing and can't be trusted? That's the American heritage. You don't trust the
0.99
00:29:02.920
government. That's what it's all about. And so we don't have a problem that we can't handle.
00:29:08.240
Absolutely. Climate change is happening. I think it's an interesting conversation. I enjoy it. But
00:29:14.060
this is not, do not let fear be the driver. As soon as you get into the fear mode,
00:29:21.380
thinking shuts down. It's proven. So don't let them do that to you. Become educated. I said,
00:29:27.480
you know, there's so many great books out there, but I think Steve Kunins is the best. I mentioned
00:29:31.660
Unsettled because he holds three department chairs at NYU in physics. And I don't even know what all this
00:29:38.000
guy's like a genius. And he's a Democrat. And he just tells you the truth. Yeah. Don't be afraid.
00:29:49.660
I just, I know that we have to close out, but I know people are still wondering, like, why? Why
00:29:55.860
does it seem like the Biden administration continually puts America last in different ways,
00:30:00.520
but especially when it comes to this policy? You mentioned kind of in passing Putin funding
00:30:05.220
environmentalists because it does put America last. It weakens America, makes us rely on these
00:30:10.160
regimes, including Russia for oil and gas. And here is the energy secretary under Biden,
00:30:15.760
basically admitting that what we're trying to do is get away from oil and gas altogether.
00:30:20.680
And we're working through. We're working through an energy transition and we've got to start by adding
00:30:27.540
energy. And the reality is we have to take some time to get off of oil and gas. We recognize this.
00:30:35.040
This is a transition. So basically, I think she's saying that these are these are transitional pains
00:30:41.180
and we're just going to have to kind of be OK with this, not relying on our domestic resources
00:30:46.220
with prices going up. This is the way it's going to be. There is a another nominee under Biden saying
00:30:51.460
that they want to bankrupt the oil and gas industry all in the name of climate change.
00:30:56.960
What do you think about that? So this is fantasy. And I mean, any credible authority,
00:31:01.760
whether it's the U.S. Energy Information Administration or whether it is the International Energy Agency
00:31:06.280
or the BP Statistical Review or whatever you want to look at, says we're still going to be 80 percent
00:31:11.520
dependent on fossil fuels in 2040. That is the reality. So there is no technology that can take
00:31:18.580
its place. It is not physically possible with the technology we have now. Five years from now,
00:31:24.500
I don't know what someone invents. But for now, there is not enough renewable energy in the world
00:31:32.440
to even begin, even begin to make this transition they're talking about like it's happened, started 10
00:31:39.080
years ago. I don't even know where to start. But basically, I saw a study that last year,
00:31:45.560
according to the Energy Information Agency, all of our battery storage for wind and solar could run
00:31:49.940
New York City for 45 minutes. Wow. Yeah. Like, I mean, like, get real. I mean, this is not the real
00:31:55.260
world. And if we keep restricting oil and gas to the third or the undeveloped world, they will remain
00:32:01.900
in abject poverty. I mean, they're never turning that around without oil and gas or coal or nuclear
00:32:06.680
as the reliable forms of energy. So you're just saying you're going to leave them in that condition
00:32:11.080
and make us less wealthy or less secure and more open to our enemies.
00:32:18.160
This is the world demand for oil goes up every single year. As I've been saying on my show for
00:32:25.320
years and years, this doesn't change for as long as population continues to grow. And as long as the
00:32:29.500
populations that already exist demand a more modernized and motorized life as time goes on,
00:32:35.040
like in China, especially, or in India, which are both have more than a billion people,
00:32:39.500
we need more, far more oil and gas and coal and nuclear, not less, which is why the Chinese are
1.00
00:32:45.980
they have the smartest energy policy on earth. Okay. They're still building coal plants,
00:32:49.900
right? The second as we speak, they're still building natural gas, anything they can do,
00:32:54.480
because they're not crazy. They're not going to starve their people because of these unproven or
00:32:59.880
disproven theories of existential threat from climate change.
00:33:04.000
They're also building the solar panels and the windmills because just make as much money as
00:33:10.200
possible through whatever means possible is basically what they're doing.
00:33:13.300
Especially when you monopolize the supply of the rare earth elements that are required to build it.
00:33:17.680
Of course, you're going to promote it. Of course, you're going to build it and you're going to go
00:33:20.140
talk the talking points because why the heck not weaken the United States if you can? I mean,
00:33:25.880
the Chinese had the best energy policy. Seriously. And they go to the other poor countries in South
1.00
00:33:30.620
America. And as we've talked about before, and in Africa, they put these poor countries in debt
00:33:37.160
traps. They say, you know, we'll make you an airway Ethiopia or a railway Ethiopia, but we want access
00:33:45.140
to your natural resources. And so and then they are caught in this debt trap. And then they have access
00:33:52.520
to this oil in poor countries around the world while they are also helping convince and supply
00:33:58.900
rich countries like the United States with this with these green energy tools. Wow. What a racket.
00:34:05.700
I can assure you there is no transition going on in China, India, Russia, OPEC because they're too
00:34:11.080
smart for that. They probably created this ESG stuff in the first place. In fact, some of the Gulf states
00:34:15.840
for sure are behind some of the organizations that are pushing it out and destroying U.S. oil and gas.
00:34:20.800
I mean, so we can either open our eyes and live in the world of the real, deal in the world of the
00:34:25.480
real or or not. And so the two administrations and I'm not being partisan. I'm just telling you policy.
00:34:32.580
Trump and Biden were polar opposites. Yeah. This is how we know Russia would never aid and abet Donald
00:34:37.660
Trump in an election. That would be suicide. Yeah. That would be state failure. Never in one million
00:34:43.140
years. Biden's their guy. Burisma in Ukraine, the Chinese oil deal that the Bidens did. They're aiding and
00:34:48.900
abetting foreign oil and gas and warring against our own. That's what they're doing.
0.91
00:34:53.420
Yep. Absolutely. Man, there's so much more I could ask you. Thank you so much for taking the time to
00:34:58.760
explain all of this. You did it in very simple terms. I know there's a million more things that
00:35:03.320
you could tell us. We'll have to have you back on at some point to talk about just the farce that is
00:35:07.980
the whole green energy, green movement. I would absolutely love that. Thank you so much. Where can
00:35:14.480
people find you just quickly? So I have the Jackie Daly show, which is here on The Blaze. You can find
00:35:19.000
it online. It's on iHeartRadio, Spotify, iTunes, TheBlaze.com, forward slash radio and on the dial
00:35:25.460
here in Texas. And then find me at Jackie Daly host on Twitter. That's Jackie with no E.
00:35:32.560
Daly is an everyday host. Thank you so much, Jackie. Thank you.