The Ben Shapiro Show - Joe Biden’s Gas Problem | Ep. 1449

00:00:00.000 Joe Biden cuts off Russian oil and natural gas and then says that spiking gas prices are all Vladimir Putin's fault.

00:00:06.000 Plus, Ukrainian President Vladimir Zelensky makes early moves toward a compromise.

00:00:10.000 I'm Ben Shapiro.

00:00:10.000 This is the Bench Bureau Show.

00:00:17.000 Today's show is sponsored by ExpressVPN.

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00:00:21.000 Join them at expressvpn.com slash Ben.

00:00:24.000 Well, we are all looking for ways to save money right now.

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00:01:43.000 Well, the gas prices at the pump are now extraordinarily high all across the United States.

00:01:47.000 The average price for a gallon of regular gas on Wednesday hit $4.25.

00:01:50.000 That is an all-time high.

00:01:54.000 Earlier in the week, it had broke the previous record of $4.11 a gallon that had stood since July 2008.

00:01:58.000 Now, inflation adjusted.

00:02:00.000 It's still lower than 2008, but not for long, because we are about to see gas prices continue to skyrocket.

00:02:06.000 According to CNN Business, that sticker shock is hard, if not impossible, for most Americans to ignore.

00:02:11.000 In the short term, at least, you can't easily adjust how much gas you need to get by.

00:02:15.000 And if you look at the areas of the country that are hardest hit, the West Coast, of course, is the hardest hit.

00:02:19.000 You're seeing places in L.A., we got $7 a gallon.

00:02:22.000 There are certain places in New York where you've got seven bucks a gallon.

00:02:25.000 These are really, really high prices.

00:02:27.000 And this, of course, is going to put a damper on whatever economic growth was already taking place.

00:02:32.000 Inflation has already been eating into economic growth stats over the course of the last year.

00:02:37.000 Inflation, of course, outpacing wage gains.

00:02:39.000 Well, now that we've seen the price of gas skyrocketing over 75 cents over the course of just the last several weeks, And likely to continue into the near future, that is going to eat even more into whatever wage gains were taking place in the first place.

00:02:53.000 According to CNN Business, when it comes to inflation, psychology matters.

00:02:56.000 If consumers expect prices to rise, they spend more in the near term, which feeds demand, which pushes prices up further, a cycle that can be tough to break, especially when the source of the price spikes is making headlines daily.

00:03:05.000 Again, one of the things that's truly incredible about all of this is that we've seen all of this before.

00:03:09.000 This just looks like 1979.

00:03:11.000 We are now back in Jimmy Carter era with stagflation setting in, Russians invading a foreign country, a prolonged guerrilla war that is likely to last for a while, and an economy that is on the brink.

00:03:23.000 So, well done to President Biden who, you know, he once suggested that Mitt Romney wanted to bring back the 1980s.

00:03:29.000 Well, now he's bringing back 1979 in all of its glory.

00:03:32.000 Now, I would be remiss if I did not point out here that Donald Trump predicted this, I believe, the day before the election.

00:03:38.000 In 2020, he said, if Joe Biden is elected president, you're going to see seven buck a gallon gas.

00:03:42.000 And everybody in the media was like, no, he's just exaggerating again.

00:03:45.000 And here's the thing.

00:03:46.000 Trump did make wild and outlandish speculative speculative guesses about what was going to happen in the future.

00:03:53.000 And some of those were really exaggerated.

00:03:55.000 But here's the point.

00:03:56.000 When Joe Biden hits the exaggeration numbers, when Donald Trump's like, it's going to be a million dollars a gallon, he's like, no, it'll never be a million dollars a gallon.

00:04:03.000 And then a year and a half later, it's a million dollars a gallon.

00:04:05.000 He just looks like a prophet.

00:04:06.000 So here was Trump.

00:04:08.000 We have more oil than anybody, okay?

00:04:10.000 And it's an incredible thing that it's happened over the last few years.

00:04:15.000 A lot of great things.

00:04:16.000 And you're paying, what, $2 a gallon for your gasoline?

00:04:19.000 That's okay.

00:04:20.000 You know what that's like?

00:04:21.000 That's like a tax cut.

00:04:23.000 That's bigger than a tax cut.

00:04:25.000 If Biden got in, you'd be paying $7, $8, $9.

00:04:27.000 Didn't they say, get rid of your car?

00:04:33.000 Okay, that is a little eerie.

00:04:35.000 I mean, because as it turns out, that is in fact exactly the Joe Biden strategy.

00:04:39.000 $7, $8, $9 a gallon and get rid of your car because gas is just too expensive.

00:04:44.000 Meanwhile, Joe Biden is stumbling around on the world stage as per his usual arrangement.

00:04:49.000 Yesterday, he was speaking in Texas and he bizarrely suggested that a couple of Congress people Play ball and one bombs people?

00:04:58.000 It was a weird moment.

00:05:00.000 If that guy gets off teleprompter, things get wild really quickly.

00:05:05.000 The three congressmen you have here, two of them look like they really could and did play ball, and the other one looks like he could bomb you.

00:05:15.000 Uh, what?

00:05:16.000 And then after that speech, he sort of just got lost on the way out of the room, which, which is the thing he does fairly regularly.

00:05:21.000 And then somebody has to come and show him which way it is to the cafeteria for, for pudding time.

00:05:27.000 Here is Joe Biden yesterday, kind of wandering around.

00:05:29.000 There he is.

00:05:30.000 Fort Worth, Texas.

00:05:30.000 Where do I go?

00:05:31.000 I don't know.

00:05:32.000 This way?

00:05:33.000 Uh, there you are, I assume.

00:05:35.000 That way?

00:05:36.000 This way?

00:05:37.000 Ooh, what?

00:05:37.000 No, that way.

00:05:38.000 That way?

00:05:39.000 Oh, we'll go to the left, to the left, to the right.

00:05:41.000 So Joe Biden is just wandering around.

00:05:43.000 He's obviously losing his mind.

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00:07:06.000 Remember that at the same time that Donald Trump was suggesting that gas prices were going to skyrocket under Joe Biden, Joe Biden was suggesting that he was going to solve all the world's problems.

00:07:15.000 Well, just last year in October of 2021, Joe Biden was maintaining that the gas prices would come down because he was so good at this.

00:07:23.000 Do you have a timeline for gas prices of when you think they may start coming down?

00:07:27.000 My guess is you'll start to see gas prices come down as we get by and going into the winter.

00:07:34.000 I mean, excuse me, and the next year in 2022.

00:07:35.000 Yeah, that one didn't come true.

00:07:41.000 And then just a couple of weeks later, as the gas prices continue to be very high, he then blamed OPEC.

00:07:46.000 See, everybody's to blame except for him.

00:07:47.000 Always and forever.

00:07:48.000 Here's Joe Biden in November of 2021.

00:07:52.000 If you take a look at gas prices and you take a look at oil prices, that is a consequence of, thus far, the refusal of Russia or the OPEC nations to pump more oil.

00:08:13.000 And we'll see what happens on that score sooner than later.

00:08:19.000 It's everybody else to blame.

00:08:20.000 Now, the reason that I'm pointing this out is because Joe Biden's newest line is that the reason that the gas prices have spiked is purely because of Russia-Ukraine.

00:08:28.000 Now, there's no question that Russia-Ukraine, that conflict, and the cutoff of oil and natural gas from Russia has impacted world markets in a pretty severe way.

00:08:37.000 But I need to show you the price of gas in the United States over the course of the last year and a half or so.

00:08:44.000 This is going back about one year.

00:08:46.000 When Joe Biden took office, gas in the United States was clocking in at about $2.90 a gallon.

00:08:51.000 Something like that.

00:08:52.000 $2.80 a gallon.

00:08:53.000 Okay.

00:08:53.000 And as you see, the gas prices in this chart continue to rise.

00:08:57.000 Continuously.

00:08:58.000 Continuously and steadily.

00:08:59.000 To the point that at the beginning of his presidency, it was about $2.80, $2.90 a gallon.

00:09:04.000 And then it was already $3.50 a gallon by November of 2021.

00:09:08.000 And then it continued to rise all the way up till just before this conflict was about $3.60 a gallon.

00:09:13.000 So you'd already had this massive $0.80, $0.90 increase in the price of gasoline over the course of Joe Biden's presidency.

00:09:20.000 And then over the past couple of weeks, it's really, really spiked.

00:09:24.000 75, 80 cents.

00:09:26.000 So Joe Biden wants you to ignore the fact that the gas prices were rising continuously during his administration, largely because of his anti-gas and oil perspectives on how we should pursue our energy future.

00:09:39.000 So yes, we are in a significant crunch.

00:09:42.000 But you know what makes a crunch worse?

00:09:43.000 Is when you have exacerbated shortages in the first place.

00:09:47.000 This is like saying that there's an earthquake and you have no water in the house.

00:09:50.000 And so you say, well, the earthquake is a real problem because I have no water in the house.

00:09:53.000 I mean, that's true.

00:09:54.000 You know, it would have been really, really helpful if you hadn't gotten rid of the gallons and gallons of water that you had in the garage just before the earthquake, which is what Joe Biden basically did.

00:10:02.000 Joe Biden has made it very difficult to set up a pipeline of energy futures in the United States.

00:10:08.000 And what that means is that when the crunch comes, it affects us much more severely.

00:10:12.000 Because we don't actually have the capacity to ramp up production in the way that we would have, say, two years ago under Donald Trump.

00:10:21.000 For their part, the Democrats are simultaneously claiming it's not a problem and then sort of recognizing that it is a problem.

00:10:26.000 So you have Democratic Representative Hakeem Jeffries, who's been discussed as a possible heir apparent to Nancy Pelosi as the head of Democratic caucus.

00:10:33.000 He says, you know, we haven't even discussed gas prices during our caucus meeting, which seems like a weird thing to not discuss considering it's the number one topic in America.

00:10:40.000 What has been the reaction of your colleagues to, you know, things like diplomatic outreach to countries like Venezuela and Saudi Arabia in terms of like increasing the global oil supply?

00:10:48.000 I assume those conversations are taking place, but I haven't been read into them.

00:10:53.000 And we await, you know, further clarity from, you know, from the administration.

00:10:56.000 OK, so, yeah, no, no, no conversations taking place at all.

00:11:02.000 Very, very interesting.

00:11:04.000 By the way, you know where there are conversations taking place is on the state level, where governors are about to feel the shellacking.

00:11:09.000 There are a bunch of governors who are going to be up for re-election over the course of the next couple of years, and you know what they don't like?

00:11:14.000 Those giant gas bills in their state.

00:11:17.000 And so a series of governors, governors from Michigan, Colorado, Minnesota, New Mexico, Pennsylvania, Wisconsin, all Democrats wrote directly to Speaker Pelosi and Schumer and McCarthy and McConnell asking them to relieve the gas tax.

00:11:31.000 Now, it's Democrats who've been pushing the gas tax for years.

00:11:34.000 It's Democrats who believe that because gas is a staple in American life, they can make more government revenue if they just pass a federal gas tax.

00:11:40.000 So all of these governors, all of Democratic states, are asking now Democrats to relieve them of the taxes they put in place in the first place.

00:11:49.000 They say, according to the American Automobile Association, the national average gas price in the United States is $4.17, up more than a buck from 2021.

00:11:56.000 The Gas Prices Relief Act, as introduced in the House and Senate, would alleviate the consumer cost of rising gas prices while protecting the federal government's capacity to make infrastructure investments.

00:12:06.000 First, it saves Americans at the pump by suspending the federal gas tax for the rest of the year.

00:12:10.000 Money saved at the pump translates into dollars back in consumers' pockets for groceries, childcare, rent, and more.

00:12:14.000 If only Democrats extended this logic to tax cuts generally.

00:12:17.000 It turns out that when you cut people's taxes, they have more money in their pocket to invest and spend on things.

00:12:22.000 It is impressive that the Democrats are at the same time claiming this is not a problem and also please relieve us of the gas tax.

00:12:28.000 Please, please, please, please, please.

00:12:30.000 In just one second, we'll get to Joe Biden's announcement about getting off of Russian oil and natural gas.

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00:13:44.000 And meanwhile, Joe Biden yesterday, he announced that he was finally going to ban Russian gas and oil imports.

00:13:50.000 He'd been called upon to do this for a couple of weeks.

00:13:52.000 Bizarrely, he had been lagging behind many of the European countries on this, despite the fact that only about 5% of imported American oil comes from Russia, whereas it's like 40, 50% for certain European countries.

00:14:03.000 Here was Joe Biden announcing this yesterday.

00:14:06.000 Today I'm announcing the United States is targeting the main artery of Russia's economy. 0.85

00:14:11.000 We're banning all imports of Russian oil and gas and energy.

00:14:16.000 That means Russian oil will no longer be acceptable at U.S.

00:14:19.000 ports and the American people will deal another powerful blow to Putin's war machine.

00:14:26.000 Okay, well, here's the thing.

00:14:28.000 He should have done this a couple of weeks ago when he first rolled out the sanctions.

00:14:31.000 But if he's going to do this now, then it seems as though he's doing this as an excuse.

00:14:37.000 Honestly, it seems as though he is doing this as an excuse so then he can blame Putin and Russia for gas prices that are already rising on his watch.

00:14:44.000 Now, this is, it's the right move to cut off Russian natural gas and oil if you actually are hoping that sanctions are going to effectuate policy change.

00:14:51.000 I'm skeptical that's actually going to happen.

00:14:53.000 But, you do want to undermine the Russian war making machine, I get it.

00:14:56.000 However, you are the president of the United States and you don't get to just say, wash your hands clean of this thing and be like, yeah, you know, it's all Putin.

00:15:03.000 But that's exactly what Joe Biden is doing now.

00:15:05.000 Now he's going to abdicate responsibility on an issue where, again, he was talking back in October, November, about how gas prices were way too high for most Americans.

00:15:14.000 And so we're just going to pretend that didn't exist.

00:15:15.000 We're going to pretend that the world of high gas prices started spinning yesterday.

00:15:19.000 Nope.

00:15:20.000 Here's Joe Biden.

00:15:20.000 Biden.

00:15:31.000 Now Russia's responsible, you can see how happy he is about this. 0.97

00:15:33.000 Now he gets to blame Russia for his own bad policymaking decisions.

00:15:36.000 Again, you are the person who got rid of all of the water in the garage in preparation for the earthquake.

00:15:41.000 And then the earthquake happened, you're like, man, I guess it was just that earthquake.

00:15:45.000 I can't do anything now.

00:15:47.000 Jen Psaki doubled down on this yesterday. 1.00

00:15:49.000 This is the new line, is that it's Putin's gas hike, that Putin is responsible.

00:15:52.000 Now, again, Putin is responsible for a huge portion of the gas hike that we have seen in the last couple of weeks or so.

00:16:00.000 But everything up till then, when we were already paying too much for gas, that's just on Joe Biden.

00:16:05.000 Here's Jen Psaki trying to mention this same sort of propagandistic effort yesterday. 0.99

00:16:11.000 Americans are paying a higher price at the pump because of the actions of President Putin.

00:16:16.000 This is a Putin spike at the gas pump.

00:16:22.000 Putin's right.

00:16:22.000 So this is going to be the new talking point, and the media is going to go for it, because the way that the media cover issues is they just take whatever is the Democratic talking point, and then they turn it into a weaponized propaganda machine, and they just spin it out.

00:16:33.000 So Florida passes a bill that says that you're not allowed to indoctrinate children in sexual orientation and radical gender ideology, like small kids.

00:16:40.000 And the media immediately labeled it the Don't Say Gay Bill, which of course it is not. 0.97

00:16:44.000 And then you have a bunch of morons on Twitter, the Mark Hamills of the world, who are just tweeting out the word gay, as though this makes any sort of difference, or as though the people on Twitter are typically five and six-year-olds in public school. 0.99

00:16:54.000 Which, by the way, if you were just saying gay over and over and over to a five-year-old, I would think that you were a weirdo. 0.99

00:16:58.000 It's a weird thing to do. 0.89

00:17:00.000 Especially in defiance of parents.

00:17:01.000 But, again, the idea here is that the media always pick up the Democratic line.

00:17:05.000 So within 24 hours, the entire media line is, it's Putin's gas hike.

00:17:10.000 Okay, but it's not Putin's gas hike.

00:17:13.000 It is partially Putin's gas hike because you have an exogenous situation that has now created a spike.

00:17:18.000 But the spike is not entirely because of Putin.

00:17:21.000 If you artificially create a shortage and that shortage is exacerbated by an exogenous event, that's partially your fault and it's partially Putin's fault. 0.59

00:17:28.000 And if you're the head of the leading oil-producing nation on planet Earth, which is what the United States is, then it's really kind of more your fault over the course of time.

00:17:37.000 Joe Biden yesterday, he said, I'm going to do everything I can to minimize Putin's price hike.

00:17:41.000 Again, this is going to be the slogan they say over and over and over.

00:17:45.000 Since Putin began his military buildup on Ukrainian borders, just since then, the price of the gas at the pump in America went up 75 cents.

00:17:54.000 And with this action, it's going to go up further.

00:17:56.000 I'm gonna do everything I can to minimize Putin's price hike here at home.

00:18:00.000 I saw but it was a Medina deal new girls biking into boom. 1.00

00:18:05.000 And then Joe Biden adds that it's not true that his administration has been holding back natural gas and oil growth in the.

00:18:12.000 That's not true.

00:18:14.000 Who are you going to believe?

00:18:15.000 This doddering old man who may not be alive? 0.94

00:18:17.000 Or these simple facts on the ground?

00:18:19.000 And every piece of testimony from every member of the oil and gas industry in the United States.

00:18:24.000 Here's Joe Biden yesterday lying to you.

00:18:27.000 It's simply not true that my administration or policies are holding back domestic energy production.

00:18:33.000 That's simply not true.

00:18:36.000 Even amid the pandemic, companies in the United States pumped more oil during my first year in office than they did during my predecessor's first year.

00:18:43.000 And that, well, first of all, you would imagine that the production would have gone up somewhat.

00:18:53.000 I like how he's comparing his predecessors first year to his first year.

00:18:56.000 That's not how that works.

00:18:57.000 You have to compare your predecessors last year to your first year and preferably your predecessors last year before a giant pandemic wiped out the world economy.

00:19:05.000 So you'd actually want to compare 2019 to now if you wanted to make an apples to apples comparison.

00:19:09.000 But that's not exactly what Joe Biden is doing.

00:19:11.000 Meanwhile, Joe Biden says, I don't It's not that I don't like the oil and gas industry.

00:19:16.000 I just hate their guts. 0.97

00:19:17.000 And I'm going to slam them in a tweet-a-mouth! 1.00

00:19:20.000 A twat-a-mouth! 1.00

00:19:20.000 A tweet! 1.00

00:19:21.000 A twat-a-mouth! 1.00

00:19:23.000 So Joe Biden tweeted out yesterday.

00:19:25.000 Let me say to the oil and gas companies and finance firms that back them.

00:19:29.000 We understand Putin's war against the people of Ukraine is causing prices to ramble-do.

00:19:34.000 But that is no excuse for excess price increases, or padding profits, or any kind of effort to exploit the sitch-mash-a-moo. 0.98

00:19:41.000 So it's their fault.

00:19:43.000 It's Putin's fault, and the oil company's fault, but not Joe Biden's fault.

00:19:47.000 And of course, this has been the Democratic Party line for years, is that it's just oil companies are seeking to patent their profits.

00:19:51.000 It's amazing how when prices rise, that is greed.

00:19:54.000 When prices go down, that's never corporate largesse.

00:19:57.000 It's not that corporations got altruistic.

00:19:59.000 It's that corporations have been crushed by the marketplace.

00:20:02.000 But when the prices rise, it's because of corporate greed. 1.00

00:20:05.000 These morons. 1.00

00:20:06.000 Here's Elizabeth Warren doing this routine yesterday. 1.00

00:20:09.000 Should Congress be monitoring profiteering?

00:20:12.000 Absolutely, and actually we are.

00:20:15.000 I'm co-sponsoring with Senator Whitehouse and others a bill on windfall profits tax.

00:20:22.000 Look, we get it, supply and demand, that prices go up, but profit margins should not go up.

00:20:31.000 Okay, the fact that you think Elizabeth Warren should regulate your energy production demonstrates all you need to know.

00:20:37.000 By the way, again, the White House says that they've not cut down oil and natural gas production or capacity, and that's just not true.

00:20:42.000 According to the Washington Free Beacon, despite reassurances from the White House, it is doing nothing to discourage oil companies from opening new drill sites.

00:20:49.000 President Biden's allies in Congress just months ago Pressured oil executives to decrease outputs because of climate change.

00:20:56.000 Raising questions about the Democratic Party's strategy to lower prices for consumers.

00:20:59.000 In late October, for example, the House Oversight and Reform Committee called in the CEOs of Exxon, BP, Shell, and Chevron to explain what steps they are taking to produce less oil and gas, with Representative Hank Johnson, Democrat of Georgia, alleging the world can't wait any longer.

00:21:12.000 At that time, gas prices were already hovering around a 10-year high.

00:21:16.000 That hearing has gained new relevance as a global gas shortage has pushed prices to an all-time high.

00:21:20.000 Prices are rising even more due to Russia's invasion of Ukraine, with no sign of falling after Biden's announcement the United States will no longer accept Russian oil imports.

00:21:27.000 The president said on Tuesday his administration's policies are not holding back domestic energy production.

00:21:33.000 However, according to CounterPoint Strategies President Jim McCarthy, policy advisor for leading energy companies, he can draw a direct line from how the Democrats marauded energy production yesterday to the unprecedented pain Americans are feeling at the pump today.

00:21:46.000 Some Democrats, like Representative Ro Khanna of California, have demanded that domestic oil companies dramatically curtail their domestic operations.

00:21:52.000 At the same time, Cana has called for the United States to end its dependency on oil imports from countries like Russia.

00:21:57.000 In one exchange during that October hearing, Cana pressed Shell President Gretchen Watkins on whether she agreed that under the Paris Agreement, we need to have oil and gas production declining every year.

00:22:07.000 Again, Democrats continue to push all of these oil companies to cut production.

00:22:11.000 This is not all that long ago.

00:22:13.000 Meanwhile, the Wall Street Journal pointing out that Joe Biden has a long and inglorious history of attempting to undermine natural gas and oil production in the United States.

00:22:23.000 So Joe Biden says that, you know, he's actually not cutting down on oil and natural gas production in the United States.

00:22:28.000 It's not his fault.

00:22:29.000 It's not his fault.

00:22:30.000 Well, it is, in fact, his fault.

00:22:32.000 It is.

00:22:32.000 Well, you know what's your fault?

00:22:34.000 If you don't actually take care of the HR problems at your business, this is your fault.

00:22:37.000 At least the law will hold you liable.

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00:23:38.000 According to the Wall Street Journal, here's what they say.

00:23:42.000 They say what Joe Biden should be doing right now is he should be encouraging the development of U.S.

00:23:47.000 oil and natural gas.

00:23:49.000 If he did that, if he announced a moratorium on new regulations, expedite permits, encourage investment, the price of Brent crude would probably fall 20 bucks a barrel in anticipation of higher production.

00:23:57.000 But Biden is doing precisely the opposite.

00:23:59.000 On Tuesday, according to the Wall Street Journal, he even blamed U.S.

00:24:02.000 companies, not his policies, for not producing more.

00:24:04.000 There are 9,000 available unused drilling permits, he claimed.

00:24:08.000 Only 10% of onshore oil production takes place on federal land.

00:24:10.000 Talk about a misdirection.

00:24:11.000 Play first.

00:24:12.000 Companies have to obtain additional permits for rights-of-way to access leases and build pipelines to transport fuel.

00:24:17.000 This has become harder under the Biden administration.

00:24:20.000 Second, Companies must build up a sufficient inventory of permits before they can contract rigs because of the regulatory difficulties of operating on federal land.

00:24:27.000 It takes 140 days or so for the feds to approve a drilling permit versus two for the state of Texas.

00:24:32.000 The administration has halted onshore lease sales.

00:24:34.000 Producers are developing leases more slowly because they don't know when more will be available.

00:24:38.000 Offshore leases were snapped up at a November auction because companies expect it might be the last one.

00:24:42.000 Interior's five-year leasing program for the Gulf of Mexico expires in June.

00:24:46.000 The administration still has not promulgated a new plan, nor did it appeal a liberal judge's order in January revoking those November leases.

00:24:53.000 But the administration has appealed another judge's order requiring that it hold lease sales.

00:24:57.000 Then there's the not small problem of financing.

00:24:59.000 Companies cannot explore and drill or build pipelines without capital.

00:25:02.000 Biden financial regulators allied with progressive investors are working to cut it off.

00:25:06.000 The Labor Department is now proposing a rule that would require 401k managers to consider the climate impact of their investment holdings.

00:25:12.000 The SEC is expected to issue a rule requiring companies and their financiers to disclose greenhouse gas emissions.

00:25:18.000 Biden has nominated Sarah Bloom Raskin of all people to be the Fed's top bank supervisor.

00:25:22.000 Her top priority is using bank regulation to redirect capital from fossil fuels to green energy.

00:25:28.000 Large energy producers are buying back stock and redirecting capital to renewables because they see the administration's writing on the wall.

00:25:34.000 Small independent producers are eager to take advantage of higher prices, but they can't get loans.

00:25:38.000 Many relied on private equity during the last shale boom.

00:25:40.000 Now these firms are cutting them off.

00:25:42.000 Progressive outfit Global Energy Monitor gleefully proclaimed on Tuesday that $244 billion in U.S.

00:25:48.000 liquefied natural gas projects are stalled because they are struggling to find financiers and buyers amid pressure from cheap renewables, i.e.

00:25:54.000 rich green energy subsidies Democrats want to make richer, and tightening climate commitments.

00:26:00.000 The Biden administration has taken overt measures in order to quash American energy production.

00:26:07.000 And they're kind of open about it.

00:26:09.000 So on the one hand, they say, we're not doing anything to quash production.

00:26:12.000 We would never do anything like that.

00:26:13.000 It's all Putin's pragedy.

00:26:15.000 It's his fault.

00:26:16.000 But yesterday, literally yesterday, as the gas prices were spiking to record highs, Joe Biden was saying, our actual goal should not be to open up the floodgates on energy production in the United States in the same speech.

00:26:26.000 Instead, he said, no, no, no.

00:26:28.000 Our goal is to become the lead exporters of clean energy to the globe.

00:26:32.000 Good luck with that.

00:26:33.000 And also, how do you expect to achieve this, given the fact that carbon-based fuels are significantly more efficient on a material-to-energy level than anything that has been come up with that is quote-unquote green-friendly, with the exception possibly of nuclear power, which again, Democrats oppose.

00:26:51.000 And you can't export it anyway.

00:26:52.000 So here's Joe Biden trying to claim at the same time that it's Vladimir Putin's fault gas prices are high.

00:26:57.000 Also, we should sink billions and trillions of dollars into green energy and cut off oil and gas at the knees.

00:27:04.000 Lucy environmental regulations are pulling back.

00:27:06.000 Clean energy investment won't.

00:27:08.000 I mean, it won't will not lower energy prices for families.

00:27:13.000 But transforming our economy to run on electric vehicles powered by clean energy.

00:27:17.000 With tax credits to help American families winterize their homes and use less energy.

00:27:22.000 That will.

00:27:24.000 That's good, in fact.

00:27:26.000 The Tressler, the Tressler Sam Blue.

00:27:28.000 Um, I'm just going to point out here that Donald Trump said this would happen.

00:27:31.000 He did.

00:27:31.000 I mean, I can't say a lot of stuff, did Donald Trump.

00:27:34.000 That one happened to be correct.

00:27:36.000 $7, $8, $9 a gallon.

00:27:38.000 Plus, they're going to press you to get rid of your car and get yourself an electric vehicle.

00:27:41.000 All it will cost you is $50,000, $60,000.

00:27:43.000 No problem.

00:27:44.000 You need to spend $50,000 or $60,000 to save a couple of bucks a gallon at the pump right now.

00:27:51.000 This is part of a broader agenda and to pretend that it is not is foolishness.

00:27:54.000 Now, I know there are people out there who have sort of been looking at this and they think maybe it's on purpose, right?

00:28:00.000 Maybe it's conspiratorial.

00:28:01.000 Maybe basically Joe Biden is deliberately driving up energy prices so as to get everybody to embrace the sort of Green New Deal idea. 0.97

00:28:08.000 If so, he's a moron because the fact is that when energy prices are high, people have far less tolerance for this sort of Gambling around and pretending that green energy is going to be the solution. 0.96

00:28:19.000 Environmentalism is the privilege of rich countries and rich people. 0.99

00:28:22.000 People who are poor don't care about it. 0.99

00:28:23.000 People who are struggling to get by, they do not care about carbon emissions.

00:28:26.000 They care about making sure they can get to work and get food on their family's table.

00:28:29.000 That is what they care about.

00:28:31.000 So if that's the plan, to purposefully drive up the price of energy in order to encourage people to go green, it is likely to backfire on the Democrats in pretty dramatic fashion. 0.98

00:28:40.000 Instead, it seems more like to me, because Hanlon's razor I tend to attribute to stupidity rather than malice. 1.00

00:28:45.000 Although in this case, it's stupidity combined with malice. 0.99

00:28:48.000 When it comes to the Democratic Party, it seems much more like they are taking advantage of the price spike in order to push the Green New Deal kind of stuff because their preferred solution is always the solution to any given problem. 0.99

00:28:59.000 You saw this with Build Back Better, right?

00:29:01.000 Inflation was happening, and so Joe Biden was like, Build Back What I'm Gonna Do is gonna solve inflation.

00:29:05.000 You're like, wait, that, no.

00:29:06.000 Like, clearly not.

00:29:08.000 But when you have a hammer, everything looks like a nail. 1.00

00:29:11.000 And for these idiots, the hammer here is radical green environmentalism. 1.00

00:29:15.000 And it doesn't matter if they are bashing away at a screw. 1.00

00:29:18.000 They're gonna pretend that that screw is a nail.

00:29:21.000 Or it's just gonna screw the American people. 0.76

00:29:23.000 Joe Biden didn't take any questions after all of this because he can't take questions because he's no longer a sentient human.

00:29:28.000 I know there's a lot of questions.

00:29:32.000 I know.

00:29:34.000 I know there's a lot of questions, but there's a lot more that has to be made clear.

00:29:39.000 And I'm going to hold on that until we get more information.

00:29:42.000 Thank you.

00:29:42.000 Appreciate it.

00:29:43.000 Okay.

00:29:44.000 He does this sort of self-comforting thing where he's holding his little briefcase and then he kind of starts clutching it to himself and you know that he wants to be done.

00:29:50.000 You know, I heard an argument yesterday from a pro-abortion fanatic suggesting that sentience ought to be the standard for life.

00:29:56.000 Well, the president of the United States had better hope that's not the case because that man is no longer with us.

00:30:02.000 Meanwhile, again, this administration is not... They're being pretty clear that they are fine with the suffering so long as it allows them to push green energy.

00:30:10.000 Here's Biden economic advisor Brian Deese yesterday suggesting that the answer to high energy prices is not to produce more energy, it's to produce more windmills that chop up baby seagulls or something.

00:30:20.000 Here we go.

00:30:21.000 The only viable path to energy independence for the American economy is to reduce the energy intensity of our economy overall, and ultimately to reduce it to zero and get ourselves to a position where we're no longer reliant on fossil fuels.

00:30:37.000 Oh, well, I'm glad that that is your long-term vision.

00:30:40.000 What do you expect to do for the soccer mom who's trying to get her kids to the park today? 1.00

00:30:45.000 You're going to attach a windmill to the top of that car?

00:30:47.000 Is that the plan?

00:30:48.000 I'd like to hear the plan, here.

00:30:50.000 Jennifer Granholm, the energy secretary, she's saying the same kind of stuff.

00:30:53.000 She says, yeah, yeah, yeah, you know what?

00:30:54.000 If we want to lower prices at the pump, what we really need to do is transfer over to green energy.

00:30:58.000 Well, that's amazing.

00:30:59.000 I mean, probably what we should do is we should figure out some way To put that little device on the DeLorean that Doc Brown does at the end of Back to the Future 1.

00:31:12.000 When he comes back from the future and he's got that like food compactor and he can throw like banana peels in the car and suddenly it just runs.

00:31:20.000 It runs on banana peels and trash and he's just picking through the organic matter in order to power the DeLorean.

00:31:24.000 If we could do that, that probably solves the problem.

00:31:28.000 Imaginary energy.

00:31:29.000 As Kamala Harris said yesterday, imagine.

00:31:31.000 So here's Jennifer Granholm imagining.

00:31:34.000 Ultimately, it's difficult to imagine flipping a switch and seeing those barrels, those Russian barrels, come online and be acceptable around the world, given the egregious activities of Vladimir Putin.

00:31:46.000 So this is why increasing production is really, and increasing clean energy, transitioning to clean energy, are the solutions for being able to reduce those prices at the pump.

00:31:58.000 I love how she caught herself there.

00:31:59.000 I love how she caught herself there.

00:32:00.000 She's like, increasing production of green energy. 0.98

00:32:04.000 Increasing production because everyone knows if you want the price to go down, you have to increase the supply.

00:32:09.000 Except apparently members of the Biden administration who believe that in order to bring prices down, what you actually do is not increase supply.

00:32:16.000 You worry about how we can.

00:32:18.000 Here's the amazing thing.

00:32:19.000 All these environmentally friendly solutions, all the electric cars, those are powered by things like lithium.

00:32:24.000 They're powered by rare earth materials.

00:32:27.000 Who's in control of those rare earth materials?

00:32:28.000 So, we are getting off our dependency on Russian oil by apparently going to the Venezuelans for their oil and also going to the Chinese for rare earth minerals.

00:32:36.000 I can't see how this goes wrong in any way.

00:32:37.000 It's a perfect... Now, here's the thing.

00:32:39.000 If you are an elite leftist, which is basically the Democratic coalition at this point.

00:32:43.000 The Democratic coalition is minorities.

00:32:46.000 This is by the statistics.

00:32:47.000 It is minorities who vote disproportionately Democratic and college-educated white liberals.

00:32:53.000 That is the entire coalition.

00:32:54.000 And so it tends to be people, economically speaking, who are either at the bottom of the economic spectrum or at the top of the economic spectrum and not much in between.

00:33:01.000 One of the people at the top of the economic spectrum, of course, is Stephen Colbert.

00:33:04.000 And the beautiful thing about being Stephen Colbert is you can be as elitist as you want to be.

00:33:12.000 When Stephen Colbert says, I don't care about paying a couple extra bucks at the pump, what does it matter to me?

00:33:16.000 Of course, it doesn't matter to him.

00:33:17.000 He's very, very wealthy.

00:33:19.000 I'll be honest with you, when I pay a little bit of extra money at the pump, it doesn't matter to me either.

00:33:22.000 But I know that it matters for hundreds of millions of Americans.

00:33:26.000 I also am online to buy a Tesla, as Stephen Colbert is about to suggest here.

00:33:30.000 But that doesn't mean that everyone can afford a Tesla.

00:33:32.000 Those suckers are expensive. 0.87

00:33:34.000 Here is Stephen Colbert, however, saying he doesn't care if the price of gas goes up to $15 a gallon, because after all, he's very wealthy.

00:33:42.000 And you, you people, you can eat Prius.

00:33:44.000 Let them eat Prius.

00:33:46.000 Here is Stephen Colbert, man of the people.

00:33:49.000 Since the invasion, oil prices have skyrocketed.

00:33:51.000 Today, the average gas price in America hit an all-time record high of over $4 per gallon.

00:33:57.000 Okay, that stings, but a clean conscience is worth a buck or two.

00:34:02.000 I'm willing to pay $4 a gallon.

00:34:04.000 hell I'll pay $15 a gallon because I drive a Tesla.

00:34:15.000 You could go back to riding horses.

00:34:16.000 Horses, they run on their own poop.

00:34:21.000 What is with these people?

00:34:22.000 But you should take your advice from them.

00:34:24.000 They know what's best for you and the future of Murica.

00:34:28.000 In just one second, we'll get to the foreign policy of this administration.

00:34:31.000 It is just an absolute mess.

00:34:32.000 First, now the simple fact is that there are a lot of cars out there and all those cars need separate car parts.

00:34:37.000 And when you go to that local auto parts store, they probably are not going to have the part that you're looking for.

00:34:40.000 Just going to break it to you right now.

00:34:42.000 Instead, you're going to wait in line.

00:34:43.000 You'll get to the front of the line.

00:34:44.000 And then some dude behind the counter is going to be like, yeah, bro, we can order this for you and upcharge you.

00:34:50.000 Or you could just order the part yourself because you also have access to the magical interwebs.

00:34:54.000 Head on over to rockauto.com at home and in your pocket.

00:34:57.000 Why would you choose to spend 30%, 50%, 100% more for the exact same auto parts at a chain store or new car dealership?

00:35:04.000 Delphi FG 1456 fuel pump assembly.

00:35:06.000 For a 2005 to 2010 Honda Odyssey, for example, that is $354 bucks in advance.

00:35:10.000 It is $217 bucks at rockauto.com.

00:35:13.000 Rockauto.com, it's a family business.

00:35:15.000 They've been serving auto parts customers online for 20 years.

00:35:19.000 Head on over to rockauto.com.

00:35:20.000 Shop for auto and body parts from hundreds of manufacturers.

00:35:23.000 They've got everything you need.

00:35:24.000 They've got an easy-to-navigate catalog.

00:35:26.000 It's unique.

00:35:27.000 It's very, very large.

00:35:28.000 Best of all, prices at rockauto.com.

00:35:29.000 They're always reliably low.

00:35:31.000 Go check them out right now.

00:35:32.000 Go to rockauto.com.

00:35:33.000 See all the parts available for your car or truck.

00:35:35.000 Write Shapiro in their How Did You Hear About Us box.

00:35:38.000 So they know that we sent you. 0.99

00:35:39.000 Already in just one second, we'll get to the foreign policy ramifications of Joe Biden's idiotic moves on energy and beyond. 0.92

00:35:45.000 First, I just gotta tell you, we are 24 hours away from the premiere of our next big hit, The Hyperions. 0.97

00:35:51.000 The film is exactly what entertainment in Hollywood is missing these days.

00:35:54.000 It is not woke.

00:35:55.000 It has no agenda.

00:35:56.000 It's just entertaining.

00:35:58.000 Because when it comes to the movies you watch, you just want something that entertains you and doesn't slap you in the face with left-wing messaging.

00:36:03.000 That is what The Hyperions is.

00:36:04.000 It's super fun.

00:36:05.000 It's really creative.

00:36:06.000 Check out the trailer.

00:36:07.000 Good day, Hyperion Club members.

00:36:12.000 We've come for one thing.

00:36:15.000 Our Titan Badge.

00:36:16.000 This Titan Badge can grant an individual superhuman power.

00:36:21.000 Perhaps it's time for someone else to take on the responsibility.

00:36:24.000 On my way.

00:36:25.000 She's trying to destroy me. 0.99

00:36:33.000 You you you You're gonna love it.

00:36:39.000 I've seen it.

00:36:40.000 It is fantastic.

00:36:41.000 It really is cool.

00:36:43.000 It's got this really neat vibe.

00:36:44.000 It's kind of throwback Wes Anderson crossed with 1960s style Disney.

00:36:47.000 It's really cool.

00:36:48.000 We'll be streaming the film once on March 10th for all of YouTube to see.

00:36:52.000 So be sure to head on over to DailyWire's YouTube channel.

00:36:54.000 Set a reminder for the live showing.

00:36:55.000 After that, you have to be a member to get in on the action.

00:36:58.000 Head on over to dailywire.com slash subscribe so you don't miss any more of the growing cache of content we have to offer.

00:37:04.000 Also, I am I'm pumped to tell you about our brand new Sunday special.

00:37:08.000 Bill Maher joins me for the full hour, as Larry King used to say.

00:37:12.000 It's super fun.

00:37:13.000 It's really interesting.

00:37:15.000 Bill is a fascinating thinker, and I think you're going to be really interested in what he has to say.

00:37:20.000 It's one of the best conversations we've ever had on the Sunday special.

00:37:22.000 It's available early to DailyWire members starting Saturday morning.

00:37:25.000 So, get ready for an entire weekend of amazing content only at DailyWire.

00:37:29.000 You're listening to the largest, fastest growing conservative podcast and radio show in the nation.

00:37:33.000 Alrighty, so meanwhile, the foreign policy of this administration continues to be a So, if you can't get oil from the Russians, apparently you're going to try and get it from the Venezuelans.

00:37:47.000 As we mentioned yesterday, this is nuts.

00:37:49.000 If you're Nicolas Maduro, the socialist tyrant of Venezuela, and you have your people eating dogs in the streets of Caracas, then apparently the Biden administration has you to talk to.

00:37:58.000 They're going to come talk to you.

00:37:59.000 By the way, he's openly allied with Vladimir Putin.

00:38:02.000 The solution to not giving money to a dictator who is murdering people in Ukraine is to give money to a dictator who is murdering people in his own country and is allied with the dictator who's murdering people in Ukraine.

00:38:15.000 Makes perfect sense.

00:38:16.000 It's a genius move by the Biden administration.

00:38:19.000 Again, all of this is a consequence of you refusing to up oil production in your own country, which is inexcusable.

00:38:24.000 The United States is blessed with this unbelievable natural resource.

00:38:28.000 And the Biden administration solution is what if we could produce it, but With less environmental safety, like much more environmental damage in other countries that are oppressive and horrific and make ourselves dependent on them.

00:38:40.000 What if we could do that instead of just, you know, ramming up production here at home?

00:38:44.000 According to the New York Times, Venezuela is trying to make overtures to the United States.

00:38:49.000 They're seeing a lever of power here.

00:38:50.000 Venezuela's authoritarian government on Tuesday released at least two imprisoned Americans, a potential turning point in the Biden administration's relationship with Russia's staunchest ally in the Western Hemisphere.

00:39:00.000 The release follows a rare trip by a high-level U.S.

00:39:02.000 delegation to Venezuela over the weekend to meet with President Nicolas Maduro, part of a broader Biden administration agenda in autocratic countries that may be rethinking their ties with President Putin in the aftermath of Russia's invasion of Ukraine. 0.99

00:39:13.000 Yeah, that is a bunch of wishful thinking crap.

00:39:15.000 Okay, this is where the Biden administration is like, we're prying Venezuela away from Russia. 0.99

00:39:19.000 No, you're not.

00:39:20.000 No, you're not.

00:39:20.000 They're just playing you.

00:39:21.000 Because everybody plays you. 1.00

00:39:22.000 Because you're the sucker. 1.00

00:39:23.000 If you can't spot the sucker at the poker table, it's you. 1.00

00:39:26.000 Joe Biden is the sucker at the poker table, and every single human knows it. 1.00

00:39:30.000 Obama was the sucker at the poker table, too. 1.00

00:39:31.000 I'm old enough to remember when Syria unleashed chemical weapons on its own citizens, and Barack Obama had drawn a red line, and then he made a deal with the Russians. 0.99

00:39:40.000 And the idea was, we have opened a new era of great international relations with the Russians.

00:39:45.000 This is great.

00:39:46.000 They're going to take over Syria. 0.98

00:39:47.000 We're going to back out.

00:39:48.000 And we have a common interest in keeping things from getting too hot in Russia, in Syria.

00:39:53.000 Meanwhile, the Russians were like, what if we just give Assad free reign to level cities and also we'll invade Crimea? 0.77

00:39:58.000 That's what's happening right now.

00:39:59.000 Every country on Earth looks at Democratic presidents and they're like, how can we go?

00:40:03.000 How can we get some of this guy? 1.00

00:40:04.000 This guy is a sucker. 1.00

00:40:06.000 And Joe Biden is a sucker par excellence. 1.00

00:40:09.000 It's just incredible. 0.99

00:40:10.000 So we're reaching out to Venezuela.

00:40:11.000 Meanwhile, we've been reaching out to the Saudis and to the Emiratis, the UAE, who are actually allied with the United States, at least much more than Venezuela and Russia and Iran.

00:40:21.000 And they're like, yeah, take a hike.

00:40:23.000 Just get it.

00:40:24.000 We're not interested.

00:40:24.000 You know why they're doing that?

00:40:26.000 They're not doing that because they are radically opposed to American interests.

00:40:30.000 They have in the past opened up the floodgates when it came to pumping.

00:40:33.000 The reason that they are doing that is because they are saying to the Biden administration, you cannot make overtures to the country that is on our borders in the north and exporting terrorism to Yemen in our south.

00:40:45.000 You cannot make overtures to that country, offer them a pathway to a nuclear weapon, open up their economy, while they are fostering terrorism inside our own countries, and expect us to bail you out of your crappy foreign policy decisions. 0.51

00:40:58.000 Why would the Saudis and the UAE help out the United States right now? 0.55

00:41:01.000 Why?

00:41:02.000 If you're a non, again, if you're a country that is not formally allied with the United States right now, you have to hedge your bets.

00:41:07.000 You have to. 1.00

00:41:08.000 You'd be a moron not to. 1.00

00:41:09.000 If you're the Saudis, why would you make overtures to the United States? 0.99

00:41:12.000 Why would you bail Joe Biden out of his problems while he is simultaneously negotiating a deal with Russia and Iran in order to give Iran a pathway to a nuclear weapon?

00:41:22.000 Why would you do that?

00:41:23.000 If you're the Saudis, you're instead going to say to him, go shove it, dude. 1.00

00:41:26.000 No, this one's on you.

00:41:27.000 You're going to have to deal with whatever domestic turmoil you have to deal with.

00:41:29.000 You're going to have to deal with whatever world consequences there are for your policy.

00:41:32.000 But we are not bailing you out of this problem so that you can turn around and expend your political capital to make a deal with the Russians to help the Iranians who want to wipe us out. 0.98

00:41:41.000 They'd be fools to do otherwise, by the way.

00:41:42.000 And everybody's like, well, what's the point of Saudi allyship if they're just not going to help us on this? 0.92

00:41:47.000 The answer is maybe they don't see you as the allies that you said that you were even 10 years ago or five years ago or four years ago or two years ago.

00:41:55.000 Maybe that's because of you.

00:41:57.000 You're seeing this from countries all over the world hedging their bets because they do not trust the United States, because why would they trust the United States under administrations that consistently seem to want to make deals with enemies of our allies rather than make deals with our allies?

00:42:11.000 This, by the way, is not relegated to the Middle East.

00:42:14.000 Let's face it.

00:42:15.000 The reason that Europe is arming up right now is because they don't trust that the United States is actually going to back them in a time of war.

00:42:20.000 And why would they trust us?

00:42:22.000 Seriously.

00:42:22.000 We pulled out of Afghanistan for no reason and turned over the country to a bunch of 8th century barbarians who proceeded to sell small girls into slavery.

00:42:31.000 Why is that?

00:42:32.000 We did nothing when China took over Hong Kong.

00:42:35.000 Nothing.

00:42:36.000 We did nothing when Russia took over Crimea.

00:42:38.000 So if you are a non-aligned country, or even if you're a soft ally with the United States, Why exactly would you not arm up?

00:42:45.000 Why would you give the United States anything?

00:42:47.000 This is the thing.

00:42:47.000 An American non-led world order is a worse world order for America.

00:42:51.000 If you're rooting for America to win, you want a stronger America that keeps its commitments, that backs its allies, that does not make overt overtures to some of the world's worst regimes on the basis of some perverse notion that if you are nice to them, they will be nice to you. 0.99

00:43:04.000 This is Barack Obama's idiotic idea. 0.98

00:43:05.000 If you're nice to the Russians, if you give them the reset button, everything will be fine. 1.00

00:43:09.000 If you're nice to the Iranians, you'll bring them into the community of nations. 1.00

00:43:12.000 You'll even let them export terrorism and develop ballistic missiles with the money that you are allowing to be funneled over there. 0.77

00:43:18.000 The pallets of cash that you're shipping over there.

00:43:21.000 And that'll make them friendlier.

00:43:22.000 Nope, it didn't.

00:43:23.000 And this is Joe Biden all over.

00:43:24.000 Now he's doing it with Venezuela.

00:43:25.000 He's doing it with Iran. 0.98

00:43:26.000 And then he's surprised when the Saudis and the Emiratis are like, shove it, dude.

00:43:29.000 You can do this on your own.

00:43:31.000 Then we're all supposed to be surprised when the state of Israel, which is caught between a Russia on its northern border in Syria, And the Iranian funded Hamas in itself on the Gaza border were surprised when they're like, yeah, we're going to try and stay out of this conflict with Ukraine because frankly, we have some competing interests right here.

00:43:51.000 This is the thing.

00:43:52.000 If people don't trust you, they are not going to give you what you want.

00:43:56.000 If they don't trust you, they're not going to give you what you want.

00:43:58.000 And you'll hear people on the left say, yes, but you have to make peace deals with your enemies.

00:44:01.000 Well, in order to make good peace deals with your enemies, you first have to show your friends that you are, in fact, their friends.

00:44:06.000 And this does not mean excusing Saudi predations on the human rights front. 0.97

00:44:11.000 Saudi violates human rights all the time. 1.00

00:44:13.000 But in the world of real politique, it's funny, all of the hard-headed Natcons that I hear from a lot, all of them seem to be bewildered by what's going on with Saudi Arabia. 1.00

00:44:22.000 I'm not bewildered by it.

00:44:23.000 Why should you?

00:44:25.000 It's perfectly in their interest.

00:44:26.000 Right now, everybody is acting rationally, including Vladimir Putin, by the way.

00:44:30.000 Everybody is acting rationally.

00:44:31.000 The incentive structure changed.

00:44:32.000 The United States looks weak, and so everybody is taking advantage, and everybody who's allied with the United States is feeling the pressure.

00:44:39.000 And so they're beginning to get worried, as they should be at this point.

00:44:44.000 I mean, the simple fact of the matter is that if you're an Eastern European country, why would you trust the United States?

00:44:48.000 The United States, under Joe Biden, under Barack Obama, continuously refused to listen to Eastern European countries who were saying that the Russians are predators on our border.

00:44:58.000 Why don't you arm us up?

00:44:59.000 Why don't you bring us into the family of nations and arm us up?

00:45:02.000 I mean, it's Barack Obama who was saying that he would not arm up the Ukrainians, because after all, if Russia walked in, it would be a cakewalk for them anyway, so what exactly was the point?

00:45:11.000 It was Joe Biden in the 90s who was like, yeah, you know those Baltic states?

00:45:14.000 We should just leave them out there for the Russians. 1.00

00:45:16.000 And now the Baltic states are very worried again, as they should be.

00:45:20.000 When you are an untrustworthy country, people do not pay attention to you.

00:45:25.000 They're not interested in paying attention to you.

00:45:28.000 Why should they?

00:45:31.000 We're not going to get what we want as a country unless we start keeping our commitments.

00:45:34.000 And it appears that we no longer have an interest in keeping our commitments.

00:45:36.000 We do it sporadically.

00:45:38.000 And a country that keeps its commitments sporadically is a country that does not keep its commitments in any serious way.

00:45:44.000 When you engage in intermittent reinforcement of the bad guys, Then they are going to be reinforced, which is what is happening globally speaking right now.

00:45:52.000 And by the way, this is going to have ramifications for how the situation ends in Ukraine.

00:45:56.000 Speaking of which, we should talk about how the situation is going to likely end in Ukraine.

00:46:00.000 So the way the situation is likely to end in Ukraine right now is that the Ukrainians are likely to cave to many of the Russian demands in a way that NATO is not going to like.

00:46:12.000 And you can't blame them.

00:46:13.000 You can't blame them.

00:46:14.000 So, Volodymyr Zelensky, the president of Ukraine, who's been hailed as a Churchillian hero, yesterday, he spoke in front of the UK parliament via satellite, and he was talking about how he would never surrender to Russia.

00:46:26.000 Here's what that sounded like.

00:46:28.000 And I would like to remind you the words that the United Kingdom have already heard and which are important again.

00:46:36.000 We will not give up and we will not lose.

00:46:41.000 We will fight till the end at sea, in the air.

00:46:46.000 We will continue fighting for our land, whatever the cost.

00:46:53.000 Okay, but at the same time, Vladimir Zelensky did an interview with ABC's David Muir, in which he said he was now prepared to drop his demand to join NATO.

00:47:00.000 And the reason that he is saying he's prepared to drop his demand to join NATO is because NATO hasn't done what they were supposed to do, namely protect from Russian predation.

00:47:06.000 So here is Vladimir Zelensky basically leaving the overture to peace open here, because the deal that's going to get done here, and this is the most likely outcome here, because Russia does not want to continue to pour hundreds of thousands of troops into Ukraine, taking away from all the other places on earth where it wishes to extend its military power.

00:47:21.000 It doesn't want to take troops out from near the Kazakh border in order to shift them over to Ukraine, for example.

00:47:28.000 And they also are not loving these sanctions.

00:47:30.000 So they're looking for a way out and Zelensky is looking for a way out.

00:47:32.000 So my guess is that we are closer to a deal than people think we are.

00:47:36.000 And the deal is not going to please a lot of the people in the West who've been cheerleading Ukraine under the impression that Ukraine's solution looks exactly like our solution, which is utter defeat of the Russians.

00:47:43.000 The Russians leave, the battle goes on. 0.64

00:47:46.000 Zelensky is making clear that he will return to a non-aligned status that is somewhat friendly to Russia, and he might have to take that deal.

00:47:55.000 And the reason for that, again, is because the West didn't make commitments early enough, didn't make those commitments strong enough.

00:47:59.000 So if you're a non-aligned country, you have to walk that razor's edge.

00:48:02.000 Here's Zelensky yesterday.

00:48:05.000 I have cooled down regarding this question a long time ago, after we understood that NATO is not prepared to accept Ukraine.

00:48:15.000 The alliance is afraid of controversial things and confrontation with Russia.

00:48:23.000 I never wanted to be a country which is begging something on its knees.

00:48:28.000 And we're not going to be that country, and I don't want to be that president.

00:48:34.000 Okay, so he's now saying that he might give up his demands to join NATO or his attempts to join the EU, which is one of the Russian demands to end this war.

00:48:42.000 In the end, a negotiated peace probably looks like Russia slices off regions of the Donbass, slices off Crimea completely.

00:48:49.000 And ends up with a commitment in the Ukrainian constitution not to formally join NATO or the EU.

00:48:54.000 Now, presumably, the Ukrainian government then starts buying as many weapons as humanly possible to deter a future invasion by the Russians.

00:49:00.000 But why exactly would Zelensky trust NATO?

00:49:03.000 Why would he trust the United States when, for example, the Pentagon yesterday nixed a plan to get MiGs to the Ukrainians?

00:49:10.000 That was yesterday.

00:49:12.000 It's really amazing.

00:49:12.000 It's an amazing, amazing thing.

00:49:14.000 So yesterday, the Polish government said, they sort of announced it just publicly because they figured that they were getting nowhere with the Americans.

00:49:20.000 The Polish government wants to see Russia defeated in Ukraine because the minute that Russia wins Ukraine, suddenly there's now a border with Poland again.

00:49:27.000 And so this is something the Polish don't want. 1.00

00:49:29.000 So the Polish are like, okay, we want to get the MiGs in, but we can't get the MiGs in directly. 1.00

00:49:33.000 We don't have the ability to do that.

00:49:34.000 So what we would like to do is use the Ramstein base in Germany in order to ship the MiGs in, and then you are going to reimburse us for the cost of the planes.

00:49:43.000 You're going to bring us new planes.

00:49:44.000 We'll take our old planes, we'll give them to Ukraine, we'll use Ramstein as sort of the thoroughfare, and then you get us new planes.

00:49:49.000 And they announced this publicly because they want to make clear, they want to shame Joe Biden and the United States into going along with that deal.

00:49:54.000 And the Pentagon nixed it.

00:49:56.000 So if you're Ukraine, why would you trust the United States?

00:49:58.000 They won't even ship you the MiGs when the MiGs aren't even coming from you, they're coming from Poland. 0.99

00:50:03.000 According to Pentagon Press Secretary John Kirby, quote, we are now in contact with the Polish government following the statement issued today.

00:50:09.000 As we have said, the decision about whether to transfer Polish-owned planes to Ukraine is ultimately one for the Polish government.

00:50:14.000 So you guys are on your own.

00:50:15.000 You guys are on your own.

00:50:16.000 Yes, we're the world leaders.

00:50:17.000 We're not leading from behind.

00:50:18.000 But also, you Poles, you're on your own in the same way the Ukrainians are on your own. 1.00

00:50:22.000 We will continue consulting with our allies and partners about ongoing security assistance to Ukraine because, in fact, Poland's proposal shows just some of the complexities this issue presents.

00:50:30.000 The prospect of fighter jets at the disposal of the government of the United States of America departing from a US-NATO base in Germany to fly into airspace that is contested with Russia over Ukraine raises serious concerns for the entire NATO alliance.

00:50:42.000 It is simply not clear to us there is a substantive rationale for it.

00:50:45.000 Well, no, there is in fact a substantive rationale for it.

00:50:48.000 The substantive rationale is that Russia does not want to go to war with the United States any more than we want to go to war with them. 0.53

00:50:55.000 And we're not talking about establishing a no-fly zone now.

00:50:58.000 We're talking about flying in military assets into Ukraine, which is not the same thing as a no-fly zone where we would establish complete air superiority over Ukraine and down any Russian jet that got in our way.

00:51:08.000 John Kirby says, We will continue to consult with Poland and our other NATO allies about this issue and the difficult logistical challenges it presents.

00:51:15.000 We do not believe Poland's proposal is a tenable one.

00:51:16.000 So, in other words, if Poland tried to fly planes into Ukraine's Iraq, we would be like, eh, maybe.

00:51:24.000 But if NATO tries to do it via Ramstein, that'd be a... But here's the problem.

00:51:27.000 NATO is a member... Poland is a member of NATO.

00:51:30.000 So if Poland flew a plane into Ukraine, and then the Russians shot down that Polish plane, that would probably be an Article 5 violation and require an intervention by NATO.

00:51:41.000 So all the United States is basically saying is they're going to allow not only air superiority over Ukraine to Russia, which at least is understandable because you don't want open conflict.

00:51:50.000 They're not even willing to ship planes into Ukraine, which is the one thing that allows Ukraine to stave off Russian air superiority in the country.

00:51:58.000 So why exactly would Zelensky not look for some sort of capitulation here?

00:52:01.000 Why wouldn't Zelensky try to cut some sort of deal?

00:52:04.000 And so the West is going to be all hot and bothered if this happens.

00:52:07.000 But the truth is that the West's interests and Ukraine's interests diverge here.

00:52:11.000 Mainly because the West wants something from Ukraine that Ukraine is not willing to give.

00:52:15.000 Namely an endless war in which millions of people are made into refugees. 1.00

00:52:18.000 We already have over 2 million people who are refugees from this particular war.

00:52:23.000 According to the Wall Street Journal, the number of people forced to escape Ukraine has passed a milestone of 2 million as the civilian toll of the Russia-Ukraine war mounted along with international efforts to press Putin to halt the Russian offensive.

00:52:33.000 A Russian military convoy opened fire near a checkpoint in the besieged northeastern Ukrainian city of Sumy, interrupting evacuations in violation of a brokered ceasefire.

00:52:41.000 In many cities, Russia continued to obstruct civilians fleeing violence by firing in their vicinity and fighting nearby established humanitarian corridors.

00:52:49.000 As heavy fighting continued across the country on day 13 of this Russian invasion, the UN High Commissioner for Refugees said an additional 1 million people have been displaced inside Ukraine after fleeing their homes as well.

00:52:58.000 Meanwhile, the United States intelligence, they're announcing that 4,000 Russian troops have died.

00:53:02.000 Now, the United States is perfectly willing to continue supplying just enough material for the Ukrainians to continue killing Russian troops. 0.90

00:53:09.000 And we are willing to undergo sacrifice on behalf of the Ukrainian people to the tune of a couple of extra bucks at the pump, and also a bunch of dead Ukrainians who are going to have to face down the threat of Russian tanks in their cities.

00:53:23.000 So they seem perfectly happy with the fact that 4,000 Russian troops have been killed by the Ukrainians, but it may be that the Ukrainians get tired of this.

00:53:29.000 And they're like, you know what, if we go back to something resembling status quo ante, With a commitment that we are not going to join the West.

00:53:34.000 Maybe that's the best we can get out of this.

00:53:36.000 After all, what did the West ever do for us other than shipping us insufficient weaponry to actually maintain the country?

00:53:41.000 Here is the head of U.S.

00:53:44.000 intelligence talking about how many people have been killed, how many Russian troops have died.

00:53:49.000 Lieutenant General Scott Barrier.

00:53:51.000 Are you able to say in open session how many Russian troops have been killed?

00:53:56.000 With low confidence, somewhere between two and four thousand.

00:54:00.000 That number comes from some intelligence sources, but also open source and how we pull that together.

00:54:07.000 So we may be satisfied with that, but it seems unlikely that the Ukrainians are going to be satisfied with that because they have a lot of people who are dying to and two million people who have been displaced.

00:54:15.000 Meanwhile, China is getting involved in Russia.

00:54:18.000 They're helping out.

00:54:19.000 And so if you are if you are, again, Ukraine and you look to the east and what you see is a Chinese-Russian alliance, That seems to be growing stronger, not weaker.

00:54:29.000 Not in terms of global power, but in terms of the connections between the two countries, meaning that Russia can do this indefinitely.

00:54:34.000 Are you going to attempt to cut some sort of deal?

00:54:36.000 China, by the way, is gaining a lot from this because China is now buying up Russian assets on the cheap, knowing that eventually there's likely to be a deal and then those stocks are likely to rise again.

00:54:45.000 And people are going to retain their dependency on Russian oil and natural gas because, again, the Greens on the left are insistent that they not increase production or get production from the United States.

00:54:54.000 According to the Business Standard, China is now considering buying or increasing stakes in Russian energy and commodities companies like Gazprom and aluminum producer United company Rusal International, according to people familiar with the matter.

00:55:06.000 Beijing is in talks with its state-owned firms, including China National Petroleum, China Petrochemical, Aluminum Corporation of China, So when you reshape the world order in ways that do not actually demonstrate long-term strength, you have a problem on your hands.

00:55:17.000 assets, those people said any deal would be to bolster China's imports as it intensifies its focus on energy and food security, not as a show of support for Russia's invasion of Ukraine, but because now there are a bunch of assets that are available to China that weren't available to China before.

00:55:31.000 So when you reshape the world order in ways that do not actually demonstrate long term strength, you have a problem on your hands.

00:55:39.000 And there are going to be other opportunities for China here as well.

00:55:42.000 So as the West cuts off China economically and as corporations pull out of Russia, that Russia China Iran access is going to grow is going to grow stronger and stronger.

00:55:54.000 Which, again, is not exactly the problem.

00:55:58.000 The problem instead is that a lack of strength and fortitude on the other side, without America in position as global leader, is likely to embolden that access in a variety of ways that are really inimical to the interests of the United States.

00:56:12.000 A bunch of American companies, by the way, are already pulling out of Russia.

00:56:16.000 Ford Motor Company suspended its joint venture with Russia's Solar's OJCC and halted sales to the country, citing concerns over the invasion.

00:56:23.000 Volkswagen has cut relations with the company.

00:56:25.000 Toyota is suspending production in Russia.

00:56:27.000 Boeing is suspending.

00:56:28.000 Airbus is suspending.

00:56:31.000 BP is suspending, Exxon is suspending, Visa, MasterCard, American Express, PayPal, all suspending operations in Russia.

00:56:37.000 Coca-Cola and Pepsi have decided to halt sales of their brand.

00:56:41.000 McDonald's is closing its 850 stores in Russia, which, by the way, demonstrates the stupidity of the golden arches theory of foreign policy promoted by Thomas Friedman, who once suggested that any countries with McDonald's wouldn't fight each other.

00:56:51.000 So that lasts precisely as long as they don't fight each other and McDonald's doesn't pull out.

00:56:55.000 It seems that, as they say, McDonald's has now established a no-fry zone in Russia.

00:56:59.000 Starbucks is suspending operations at Russia locations as well.

00:57:04.000 Again, the sort of pulling apart of the world's order in the absence of American power is clear to see.

00:57:10.000 AWS, by the way, is also Preventing customers from Russia and Belarus from getting web space as well.

00:57:18.000 So the polarization of the global economy, the polarization of the global system continues to pace.

00:57:22.000 And all of that was driven by a simple fact.

00:57:24.000 The Russians thought they could get away with anything. 0.97

00:57:26.000 And the reason they thought they could get away with anything is because historically they had gotten away with pretty much anything.

00:57:32.000 And supply lines are growing more attenuated as well.

00:57:35.000 There are a bunch of ships that are now trapped by the Ukraine war, endangering sailors and global trade, according to the Wall Street Journal.

00:57:40.000 The war in Ukraine has severely hobbled shipping in the Black Sea, with broad consequences for international transport and global supply chains.

00:57:46.000 Dozens of cargo ships are stranded at the Ukrainian port of Mykolaiv, shipping trackers said.

00:57:51.000 An estimated 3,500 sailors have been stuck on some 200 ships at Ukrainian ports, according to the London-based shipping tracker Windward Ltd.

00:57:58.000 More ships are stranded around the globe than at any point since World War II, according to maritime historians.

00:58:03.000 The result is a shutdown of the world's second-largest grain-exporting region.

00:58:06.000 Ukraine accounts for 16% of global corn exports.

00:58:09.000 Together with Russia, 30% of wheat exports.

00:58:12.000 Global wheat prices have jumped more than 55% since the week before the invasion.

00:58:17.000 It turns out that when the world order collapses because of reaction to American weakness, things get worse for pretty much everyone.

00:58:24.000 Which is why it seems imperative that the West stop showing weakness.

00:58:29.000 And yet that is precisely what the Biden administration continues to show on the energy front by making overtures to Russia, Iran, Venezuela. 0.95

00:58:37.000 It's pathetic. 0.95

00:58:37.000 And that's going to have more. 0.95

00:58:38.000 Doubling down on stupid is not a good strategy when it comes to foreign policy or anything else. 0.99

00:58:42.000 The first rule of holes, as they say, is to stop digging. 1.00

00:58:45.000 Joe Biden has that shovel and he is digging a hole all the way to China.

00:58:48.000 All right.

00:58:48.000 We'll be back here later today with an additional hour of content.

00:58:50.000 In the meantime, go check out the Michael Knowles show that's available right now.

00:58:53.000 I'm Ben Shapiro.

00:58:53.000 Shapiro, this is the Ben Shapiro Show.

00:58:54.000 The Ben Shapiro Show is produced by Elliott Felt.

00:59:02.000 Executive Producer Jeremy Boring.

00:59:04.000 Our Supervising Producer is Mathis Glover.

00:59:06.000 And our Production Manager is Pavel Lydowsky.

00:59:08.000 Associate Producer Bradford Carrington.

00:59:10.000 Editing is by Adam Saievitz.

00:59:12.000 Audio is mixed by Mike Koromina.

00:59:14.000 Hair and Makeup is by Fabiola Christina.

00:59:16.000 Production Assistant Jessica Kranz.

00:59:18.000 The Ben Shapiro Show is a Daily Wire production.

00:59:20.000 Copyright Daily Wire 2022.

00:59:23.000 Joe Biden blames Putin for his own disastrous policies.

00:59:27.000 U.S.

00:59:27.000 officials worry that Russians will seize biolabs that we funded in Ukraine, another conspiracy theory proven true.

00:59:34.000 And the Department of Health and Human Services is recommending Americans enroll in an after-vaccine health checker to monitor any injuries they might sustain from the 100% totally safe COVID vaccines.

The Ben Shapiro Show - March 10, 2022

Joe Biden’s Gas Problem | Ep. 1449

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