Best of The Program ｜ Guest： Rick Perry ｜ 4⧸8⧸20
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Summary
On today's show, Rick Perry joins us to talk about the massive effects going on right now with the energy business and the kind of economic disaster we're in the middle of right now, we have an amazing edit job by CNN on a Donald Trump clip, which of course you probably expect, but also will not believe, and we also discuss the idea that the schools might reopen in the fall.
Transcript
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Welcome to the podcast. I want to remind you up front that Glenn Beck's Arguing with Socialists
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is available now at bookstores that you can't get into, but also online bookstores that
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you can. Make sure you go there, get a copy. It's a great time to be reading and making
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sure you're preparing yourself for the battle that comes after COVID-19 when we got to fight
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for all of our rights all over again. That is Glenn Beck's Arguing with Socialists available
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now in bookstores. You can also get signed copies, by the way, at glennbeckbooksigning.com
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if you would like to do that. Coming up on the program today, we talk about hydroxychloroquine
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a little bit. Why does the media seem to be rooting for its failure so they can prove Donald
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Trump wrong? Former Energy Secretary and Governor of Texas, Rick Perry joins us to talk about
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the massive effects going on right now with the energy business and the kind of economic
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disaster we're in the middle of right now. We have an amazing edit job by CNN on a Donald
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Trump clip, which of course you probably expect, but also will not believe. And we also talk
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about the idea that the schools might reopen in the fall. Fun, fun, fun. We'll get to that
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all on today's podcast. You can also subscribe and rate and review. Make sure to click five
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stars because that helps other people get the program. And sign up, subscribe at Sue Does America
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as well, my show, which airs every night on Blaze TV. And you get the podcast for free here
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as well. And on YouTube. You're listening to the best of the Glenn Beck program.
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All right. Total confirmed cases of COVID-19, 1,447,516. That is up almost 100,000 from yesterday.
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Total confirmed deaths worldwide, 83,000 up from 75,000 yesterday. Total confirmed recovered worldwide,
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308,000. That's a nice number. It's up almost 16,000 from yesterday. We have 400,549 confirmed
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cases. And now in America, 12,858 deaths. That is up the overall number, almost 50,000 from yesterday
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and 2000 in deaths yesterday. But here's the good news. The U.S. is 17th in the death rate per 1 million
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people, 39 deaths per million. By comparison, Spain has 311 deaths per million. Italy has 283 per million.
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France, 158. And Sweden, everybody says, Sweden's really doing it right. Are they?
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Because we have 39 deaths per 1 million. Sweden has 59 deaths per 1 million. We're doing pretty well,
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America. New York City is the deadliest. It's the deadliest day so far. Yesterday, 731 COVID-19 deaths
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on Tuesday. This brings the New York State death toll to 5,489. New York City accounting for over 4,000
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of that total. At this point, New York accounts for nearly half of all the total deaths in New York.
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Statewide, they have about 140,000 confirmed cases. But they say now the actual death toll may be higher
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in New York, as many people have died at home and are not yet tested or classified as COVID-19.
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As many as 280 people are dying per day in their own homes or their apartments in New York City,
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and most are presumed to be victims of the virus. According to the New York City Fire Department,
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over the past two weeks, more than 2,192 people have died in their own homes,
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and 75% of those people, they presume, are from COVID-19. One city councilman tweeted that
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New York City coroner's office has designated a city park for use as a temporary burial site
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for COVID-19 deaths. 20% of the New York City Police Department is calling in sick.
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It's not a surprise if you've been listening to me. I've been telling you that New York is not the
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place to be in case of a real trouble, a pandemic as it turns out to be. A lot of these cops are
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underpaid and they don't live in the borough they serve. They're going to stay at home if things get
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really tough. And quite honestly, part of me, I don't blame them. New York City Police Department
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has lost its 12th member to a suspected case of coronavirus this week. Monday, 6,974 uniformed
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officers of the NYPD were out sick. That was accounting for 19.3% of the department's uniformed workforce.
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Another 993 officers have presumed cases and are awaiting test results. France temporarily
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surpasses the U.S. with the deadliest national daily total, 1,419 dead yesterday. Now even
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Antarctica is not safe from COVID-19. Leave it to dopes. This is the only place on earth that you
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didn't have to worry about it. A cruise ship from Australia was set to sail to Antarctica.
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They just wanted to go look at the penguins, the seals and the whales.
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Now over 60% of the passengers on board have tested positive for COVID-19 and another 20% have
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suspected cases. The ship is moored off of Uruguay, which is beautiful. I hear this time of year.
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COVID-19 killing more Britons than the Blitz. The UK had 786 known COVID-19 deaths yesterday,
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including a 23-year-old with no underlying health conditions. By comparison, the worst day of the
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Blitz of London bombings by Germany in World War II killed 131 people. Department of Health estimates
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that the actual total of COVID-19 deaths is actually likely much higher. Can I ask you
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something, Stu? Which is more freaky to you, being bombed or COVID-19?
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As far as likelihood, COVID-19 would be more likely. I don't think I'm going to...
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I know, but which would be more freaky? I mean, I would, you know, hearing the planes fly over you
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every night, not knowing if you were going to be bombed or not, would be really freaky. But
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there is really no difference. I mean, you're going out. It's a silent killer. You don't hear
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the engines. I mean, I guess you stay in your house and you're safe, where that wasn't true in
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the Blitz. Yeah, I guess. Yeah. I mean, I think too, you know, look, the idea of just planes flying
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over your head and explosions all around you and the businesses you go to certainly aren't opening
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in 30 days because they're, you know, they're rubble. I still think that would be much more
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terrifying. But I mean, like, look, as you discussed this in Arguing with Socialists,
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in that socialism is the number two cause of death over the past hundred years. Number one is
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infectious disease, right? Like, it's not as dramatic as bombs and guns and things like that,
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but it does kill more people and it does all the time. This is, you know, we, we have to deal with
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that. It's just a totally different way, right? It's a totally different way of dying. You never
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know when it's coming. You know, you don't have that anticipatory struggle. I don't think, I mean,
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I don't go out to like, you're not going to, I don't know. You're going to be sitting around
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thinking like, I'm like, oh my gosh, am I breathing in COVID air right now? Am I, am I, is that
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happening? That's not the way we think about this, right? President Trump signaled yesterday,
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he may put a quote, very powerful hold on the funding to the World Health Organization as he
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lashed out the United Nations specialized agency accused of being very China centric.
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He is absolutely right. We shouldn't be paying. I don't think we should be paying the UN,
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but we certainly shouldn't be paying the World Health Organization. They not only drop the ball,
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they are wildly corrupt as they do the bidding of the Chinese Communist Party. We have more on that
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tonight on our special at 9pm. You can find it at blazetv.com slash Glenn 9pm tonight, our Wednesday
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night special. You can also find it at YouTube, but only during the broadcast. This one, I'd like
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them to hold on in the archives so other people can see it because I'm asking the questions that
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media won't ask. They won't ask because they're all in bed with China. We don't have any
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Chinese connections. Oh, we've been banned in China. Oops. Oh, well, we're not Comcast that is
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opening up a new Universal Park next month. So we don't have any restrictions asking the questions
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about China and showing you video of was this made in a lab? Is this a bioweapon? There's some new
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evidence out that shows that a lab was involved. It appears as though this is not man made. But that
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bioweapons lab played a role. And we will show you the video will give you the evidence. And we'll ask
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the questions the media should be asking tonight at nine o'clock gun sales are up over 200% in some
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states up 200%. More oriented home defense guns like pump action shotguns and cheaper handguns are
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what's selling right now. They say that most of the people who are buying guns have never bought a gun
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before. They may be ahead of the curve. I think you're going to see gun sales go through the roof
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as we get further into this. I'll tell you why. As, as this progresses, we're working on some things
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now on what's coming that you should be prepared for. I want to go to Gabrielle in Ohio, who is a small
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business owner, and is trying to get one of the loans from the federal government. Hi, Gabrielle.
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Gabrielle, are you there? Hi, I'm here. Hi, good to talk to you. Tell me about your your business and
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what's happening. So I'm a 50 year old business owner. My I've been listening to you since I was 30
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years old. So 20 years. And my husband's family, our family has been in the restaurant business for 100
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years with the oldest restaurant family in the state of Ohio. So a year and a half ago, my husband
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and I decided to open a small pizza place and kind of bring the East Coast pizza to the Midwest.
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And it's been awesome. And I have all the support of the neighborhood and the community.
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And this coronavirus hits. And it's been rough. The of course, I have four children, everyone's been
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helping out whether they're home from college or not in high school right now and doing online
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classes. Everyone's helping out in the business. The private bank we use has also been great. But
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I've had to jump through a ton of hoops. And I've had a lot of I have great resources because of my
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situation with my husband's family being in business for so long. But it was still I'm in the queue waiting
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for money. I've gotten all my paperwork in. My accountant was awesome. My lawyers were awesome.
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I'm just how long did how long before they say you get money?
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They're not making any promises because I think I missed the first batch of money. I think I missed
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the first load and I'm waiting to see if he releases any more money. Or, you know, the government
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says, I'm going to give you 250 more trillion. But I cross my P's and dot of my I's and we're
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all working really hard. And honestly, the state of Ohio is respectful to each other and grateful
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for where we are right now. Same with my family and my business. And we were doing a lot of
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things I probably never would have done as a family. But I'm just very grateful. I'm feeling
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grateful. But just hoping that we can get through this, you know, all together.
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Good for you, Gabrielle. Thank you so much. God bless you. Let me know what happens, will
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Okay. Glenn, what I have found is that I'm a 70 year old farmer. And I do seasonal three times a
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year we harvest. And the banks don't know the policies. I mean, bless the banks. They're trying.
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I'll give them that. But they can't tell me. Initially, they said I get no money. And while I was
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on hold with you, I got an email that says they're going to go ahead and process my loan. I've requested
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the money. But they told me that I wouldn't qualify for what I wanted because of the fact,
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excuse me, that I didn't have 12 months worth of data. Because I hire people for two months at a time.
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Right. I've got a harvest coming up during May and June. And I mean, I'm I had to hire someone to
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take my place. Because I'm suffering from Agent Orange cancer. And I'm at high risk because I take
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chemo every day of my life to stay alive. And I'm trying to check. How are you going to? How are you
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going to bring this this crop in if you don't have the money? Well, I guess I'm going to have to
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go down there and help and do it myself. I mean, if I don't, I've still got the problem we have is
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I've sold nothing. I haven't sold a thing since this started. And in February, when they said that
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they wanted us to stay at home, I hired someone because I realized this thing is serious.
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So I decided I need to be at home and quarantine myself till this thing is over. Well, they they
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won't. They cannot commit that I will get any money to pay that person either. But I'm you know,
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I guess I'm going to have to. I don't want to help. I really would like to stay quarantine. I,
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you know, but the good Lord, if he decides he wants me, he's going to take me no matter whether
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there's coronavirus or not. But Chuck, I, I, we will keep you in our prayers. God bless you. Thank
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you for sharing this story. Uh, I, I think, I think this is where the rubber is going to meet
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the road in, in Donald Trump's reelection. If we can't get the people like Chuck, if we can't get
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the pizza place owners, if we can't get them money because there's just not enough of it,
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but these banks are getting everything. Um, he is going to lose reelection. We, we have got to look
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out for the little guy. It's got to go there first. And we have to get this under control. If I was
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advising the president today, which I clearly am not, uh, that's what I would tell him, Mr. President,
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you've got to take care of the little guy who is the farmer and the, the pizza shop owner and the
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person that owns their own store and have worked so hard and need that money. You need to streamline
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this and get this to them now before they lose everything. Back in a minute.
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You're listening to the best of the Glenn Beck program.
00:17:11.600
So you have cabin fever yet? Well, me and my boy, we're out grilling on our rec tech grill. It's
00:17:27.060
time to get out and smell the rec tech man. It just smells so great. Most of us are social creatures
00:17:33.540
and the prospect of spending week after week hold up in our houses is a little upsetting to say the
00:17:38.040
least. And that's why we have this little ray of sunshine sitting on our back porch in this dismal
00:17:42.400
situation. It's still spring outside. The weather is warming up. The birds are singing in the trees
00:17:47.000
and your deck still counts as part of your house. Now, maybe more than ever, it's vital that you get
00:17:51.800
some outside time, some fresh air and nothing compliments that fresh air better than the smell
00:17:56.860
of meat cooking on a rec tech grill rec tech, the number one name in grilling. They are built like
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research. People in the know choose rec tech. Go ahead. Look, then go to rec tech grills.com.
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You're going to see the huge difference. That's R-E-C-T-E-C grills with an S dot com.
00:18:21.080
Joining me today to talk about the book is one of the socialists who helped us with the book. It's
00:18:25.400
Professor Tweed. And good to have you on the program, Professor.
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I'm elated to have access to this platform to encourage those listening to free themselves
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from the shackles of the 18th century mindset of debt and deficits. The era of how are we
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going to pay for it is long dead. The truth is, because the government can print its own
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money, we needn't fret about the potential of insolvency. We could and should run the printing
00:19:00.400
presses, as you so sophomorely call it, as much as needed to guarantee everyone with living
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wage, paying jobs, health care, clean energy, free college. And if I had my way, at least
00:19:13.520
one of those motorized scooters that are so popular in Italia.
00:19:17.600
Right. Right. That's wonderful. That's wonderful. Uh, so, uh, uh, professor, I mean, uh, as entertaining
00:19:28.000
as you are, really a free enterprise capitalism is, uh, actually a really simple system. You
00:19:33.980
know, I own property, you own property. You right now are probably looking at the script
00:19:39.860
saying, where the hell are you? Uh, which is exactly what, exactly what I was doing just
00:19:46.680
a minute ago, looking at, uh, where the hell are you? I have a very specific, I was emailed
00:19:52.520
this script specifically to do in this particular segment. I was emailed it. It's weird. I was
00:19:57.980
emailed another script, uh, professor, and I was looking for any keywords quickly. So I really
00:20:03.540
didn't even hear your point. Oh, well it was a great one about modern monetary theory. Theory.
00:20:09.840
Yes. Yes. Modern monetary theory. Yes. And then what is your question on that? Uh, yes,
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I am familiar. It's in, uh, chapter six of the new book. Well, here's the thing, fat man.
00:20:20.500
Basically you can put as much money as you want to. And the bottom line at the end of the
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day, everyone's going to be a, a, okay, just like AOC says. Uh, so professor, how do you
00:20:33.500
pay for all of these things? How do you stop inflation? Oh, please. We don't need to pay
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for things. We don't need to even tax rich folks like yourself, Mr. Beck. But I will tell
00:20:49.040
you, we will. Taxation is still a valuable tool to deal with income inequality. To quote
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a professor at Bard College, L. Randall Ray, what we will do is we will tax the rich. What
00:21:03.460
will we do with the tax revenue? Burn it. Uncle Sam doesn't need your money. Of course,
00:21:09.920
as you know, we can just print that money. You just, you're just an awful human being.
00:21:18.200
You despicable piece of. I don't think we're doing a good job on this one, uh, professor.
00:21:24.140
I, I think, uh, I think we're doing a really lousy, lousy job on this. Uh, here's what you
00:21:31.080
need to know. Modern monetary theory is printing money with everyone saying, we don't need any
00:21:38.540
tax money. We don't need any dollars. We don't need the rich. We can just print it. And they
00:21:44.720
take the taxes and they use that to set price controls to stop you from buying the things
00:21:53.060
the government doesn't want you to buy. They, uh, control inflation by having price controls.
00:22:00.180
All the things that have been tried over and over that never, ever work.
00:22:05.780
I, I was just saying that and, and it does, you weren't even listening to me. I don't know,
00:22:11.020
fiddling with Twinkies or whatever you, it is you do over there.
00:22:18.900
How can we have two separate scripts on that one, Stu? I, I mean, I had cat woman in my script
00:22:27.640
and I don't even, I, it's weird. I have no idea. I have no idea. No idea. It's one of those
00:22:34.940
things. A socialist radio program would have nailed that one. Yeah, it would have, it would
00:22:40.700
have. It's called NPR. It's called NPR. Um, uh, anyway, the, uh, the, the, we, we were out
00:22:48.860
last night. We did a book signing last night. Everything is virtual. I haven't seen Stu in,
00:22:53.860
I don't know how, how many days, how many days have we been doing this now? Has it been three
00:22:57.900
weeks? Is this, are we going on three weeks? Yeah. Cause we did. Yeah. It was two weeks.
00:23:02.620
Initially it was the 15 days to stop the spread and now it's the 30 additional days to stop the
00:23:07.880
spread. So we're a week into that, I think. What are they in, in China now? They just lifted the
00:23:15.560
ban in Wuhan. So is it, was it 70 days? 72 days, I believe is what they, they did in Wuhan. Now,
00:23:21.860
of course, lifting the ban in Wuhan is still probably more restrictive than we have it right
00:23:26.560
now. I think their normal life is worse than, than our lockdown life. But yeah, they, they are
00:23:32.860
saying, uh, look, we're past this thing. Uh, that's going to be interesting to see if that's true.
00:23:38.580
Yeah. Well, they might be past it for now, but I think this is what's going to be the big surprise
00:23:43.780
to most Americans. Uh, it's probably coming back this fall. Uh, there's a good chance of it coming
00:23:51.460
back. Now, I guess maybe we can, we can really help stop the spread of this if we don't open up our
00:23:57.460
borders and we don't fly around everywhere, but America's going to change.
00:24:09.140
He was the former governor of Texas, a great governor of Texas, former U S energy secretary.
00:24:24.620
His name is Rick Perry. He joins us now, Rick. I have to tell you that I think you're what should
00:24:31.060
lead on your resume is the guy who forged the path to American energy independence.
00:24:36.780
Thank you for that. Well, that's nice of you to say, but, uh, the fact is it was those, uh,
00:24:43.220
independent operators out there that day in and day out went out and, uh, took advantage of what
00:24:48.560
the message was from the president, which was, you know, get out of their way. Don't ever,
00:24:52.720
don't overregulate them. Don't overtax them. Uh, we obviously figured that out pretty early on in
00:24:58.120
Texas. And, uh, this president clearly saw that if you won't get in the way of the fossil fuel
00:25:06.680
industry, if you will give Texans and for that matter, people from North Dakota and Pennsylvania
00:25:11.500
and Louisiana, if you'll give them the opportunity to go, uh, explore, they will use their technology,
00:25:19.520
their innovation, and they will flourish. And that's exactly what we did. Glenn is, is America
00:25:25.460
became the number one oil and gas producing, uh, country in the world. As a matter of fact,
00:25:31.260
December 1st was my last day on the job, uh, 2019 is secretary of energy and the information
00:25:37.900
and the energy information agency announced that day that America for the first time in 70 years
00:25:45.940
was a net exporter of energy. What a fabulous, um, uh, statement to make for this administration,
00:25:55.700
what this president did. And now we see it all put into jeopardy and we see it put into jeopardy
00:26:01.040
because it's something that, you know, if anybody saw this coming, I'm going to call BS on them.
00:26:06.780
Glenn, I can promise. Uh, the, the, the, we've had a, go ahead.
00:26:14.580
Well, I was just going to say the Saudis and the Russian were having their OPEC meeting and listen,
00:26:18.120
OPEC has been around since night. You know, we've, we've, we've seen them manipulating the market.
00:26:22.920
That's what they do. That's, you know, that's just a reality of life. I'm not going to say it's
00:26:26.780
good, bad, or indifferent. It just is what it is. And they were meeting. The Russians are hurting.
00:26:33.420
Russians are hurting financially partly because they tried to manipulate the, uh, energy market
00:26:40.280
in Europe and try to be the only source if that would have been very good for them from their
00:26:46.320
perspective. But the U S saw the danger in the European countries only having to rely upon
00:26:54.160
Russian energy. Therefore we were against this Nordstrom two pipeline, which would have really
00:27:01.220
put Europe in jeopardy from the, uh, the Russian and, and standpoint energy reliance on Russia. So
00:27:08.300
we came out very strong against that. The president laid the law down and the Russians really hurt.
00:27:16.300
Uncertain economically. They go back into this OPEC plus meeting with the Saudis some 30 plus days
00:27:23.240
ago. And the Saudis are continuing to restrict production to keep the price of oil in that,
00:27:30.180
you know, I don't know what it was in those days, high thirties, uh, low forties. It may have been
00:27:34.160
above that. I, I, it's moved around so much lately, but the point is this, the Russians said,
00:27:40.780
Nope, we ain't doing this anymore. And, um, my understanding was there was a very heated
00:27:47.580
conversation between the Saudi minister, the Russian new minister, and they walked away.
00:27:56.160
Russia said, we're going to go produce. And the Saudi said, Oh, okay. We'll see. Who's, uh,
00:28:04.540
who's got the biggest, uh, said here. Yeah. Who can last longest. And Monday, that next Monday,
00:28:11.280
they announced a $7 to $8 decrease in the cause, the cost of crude and the market started down.
00:28:20.200
No one, I think saw at that particular point in time, COVID-19 coming in and, and being this
00:28:27.500
global pandemic. There may have been some people in hindsight that are saying it, but I certainly was
00:28:33.640
not seeing it or hearing it at that particular point in time. That caused a complication of
00:28:40.800
massive proportion where economies start to be shut down. The demand on the oil and gas industry
00:28:47.520
basically is dried up. Aviation fuel down 91%. This was two weeks ago. Gasoline demand down 50%,
00:28:57.320
that same timeframe. So this has been a, uh, the, uh, compounding issue here. And, and Glenn, I, I wish I
00:29:08.480
could tell you that, uh, you know, we could snap our fingers. We get this, uh, we get this, uh, pandemic
00:29:15.760
out of the way. And, and we go back to the rosy economic picture that we had in one of the strongest
00:29:22.300
economies, if not the strongest economies, if not the strongest economy that America has ever had
00:29:25.500
just six weeks ago. But I can't say that here's what I can say though, that this, this pandemic
00:29:34.900
is, is we work towards finding the solution to move us, uh, farther away from the, the, the peak deaths,
00:29:44.480
the peak people who are being, uh, affected by, uh, we're not going to find a vaccine anytime in,
00:29:53.380
in the near future, but there are things that we can do. Uh, and there's some pretty exciting stuff
00:29:58.560
out there. I want to talk about if I, if I can, before I get out of here, because I've spent as much
00:30:02.120
time on the COVID-19 partly because people don't make the connection between the department of energy
00:30:08.200
and medicine. And they should, because the DOE operates the supercomputers at the national labs.
00:30:16.800
And those supercomputers are coming up with some fascinating theories, uh, that may be more than
00:30:22.680
theories that may be actuality and how to deal with this and to, uh, to, to conquer it substantially
00:30:29.940
quicker than historically how you would have dealt with the pandemic. But let me go back to the energy
00:30:35.240
side of it a second. And this is going to be demand driven. Uh, we're, we're going to see some
00:30:43.420
pretty rough next 30 days in the oil and gas business. You know, I, I think, uh, I don't know
00:30:48.940
what West Texas intermediate opened at. I want to say around $23, uh, yesterday, uh, Brett, Brent, uh,
00:30:57.200
uh, the North Atlantic crude was about $32. That's a big spread between those two. It's normally
00:31:04.100
closer than that. But one of the reasons is because the transportation costs. And one of the reasons
00:31:09.000
is because the U S shell producers are so efficient. We basically, uh, produced, uh, at, at, at massive
00:31:20.260
amounts. We were right at, I want to say we were right at 13 million barrels a day that we were
00:31:27.800
producing. I can think about that 13 million barrels a day. Uh, the estimate that came out yesterday,
00:31:33.980
by the energy information agency is that we're going to be down about 1.6, 1.8. So let's say
00:31:41.980
11 billion barrels a day. What does this mean for the energy independence? What does it mean for the
00:31:50.200
oil producers here in America? You said last week that you thought oil will Texas would collapse.
00:31:56.660
What, what does this really mean? What the, the, the statement that I made is if the government
00:32:05.020
and you know me, I'm, I'm, I'm, I'm basically, uh, uh, would in, in a perfect world at the free
00:32:12.340
market, we're not in a perfect world. We're being, we're seeing not only the manipulation of the market
00:32:18.340
by, uh, the Saudis and by the Russians, but also you've got this pandemic. So there is a time that
00:32:25.620
government steps in and government is very much needed. This is it. If there's ever been one
00:32:30.420
to save the independent producer, I will tell you, Glenn, if we lose the independent producer in
00:32:36.480
America, and I'm not talking about just Tapsons. Yeah, we got more of anybody else, but North Dakota,
00:32:41.580
Pennsylvania, Louisiana, if you lose that independent producer, we could wake up in a year,
00:32:47.940
literally in a year. And there are four major oil companies in the world that control all of the
00:32:55.840
production. Exxon Mobil, Aramco, Rosneft, which is the Russian company, and maybe BP and Chevron,
00:33:05.940
you know, maybe four or five. I mean, you, that scares me to death as an American to have five companies
00:33:16.140
that could literally control the tap of energy for the world. Just think about it. That puts us back
00:33:22.920
in 1974. Absolutely. And I was a pilot of the United States Air Force in 1974. And I remember how
00:33:31.520
daunting that period of time was for America from the standpoint of, wait a minute, people who have
00:33:38.280
our interest in their hands may not have our best interest in mind. And from a national defense
00:33:47.200
standpoint, if nothing else, I mean, you could see gas prices literally five or six dollars a gallon.
00:33:54.020
I mean, I don't think that's out of the realm of possibility. If the Russians and the Saudis
00:33:59.420
decide to turn that tap off, go ask the Ukrainians what it's like to be at the hands of Russia. They
00:34:10.120
will manipulate that energy. I guarantee you they will. So what has to happen, Rick? Is the
00:34:17.020
president moving towards helping? Okay. I think the president is open. He's obviously been on the phone
00:34:26.060
to the minister, Abdulaziz bin Salman. He's been on the phone to the crown prince, MBS. He's talked to
00:34:39.820
Putin. And the Secretary of Energy, Dan Bruet, he has been directly in conversations with the Russians
00:34:50.680
and Saudis from the standpoint of of how we deal with this. But here here are two things that I
00:34:57.260
mentioned these last week, and I still think they are worth having an in-depth conversation. And I hope
00:35:04.600
the president will take a look at them and consider them. One is to for 60 to 90 days, this isn't from
00:35:13.340
now on, but for 60 to 90 days, direct the refineries. And I think you can do it through an executive
00:35:19.940
order would be my bad. Send the message to the refineries. You don't refine anything but
00:35:28.420
American sourced crude. Now, that'll do two things. Number one, it'll shore up that market,
00:35:37.360
give it a floor, if you will, help it from going down anymore. And I kind of like the idea of using
00:35:43.520
American crude. I don't have a problem with that. Now, there are those out there that say, well,
00:35:48.560
you can't do that because you've got to have this certain blend and the sour crude comes from
00:35:53.460
from Saudia. You know what? We can we can manage that. We can manage that. You know, you may want
00:36:01.760
to waive the Jones Act so that we can move oil from one port in the United States to another port in the
00:36:07.780
United States, not have to rely upon a U.S. a U.S. flag. I've always thought that the the Jones Act in
00:36:19.100
times of great national security ought to be waived. And I don't care who's I don't care whose vessel
00:36:27.340
you're using. Move it from this port to this port to get it closer to the refinery. Get that Canadian
00:36:34.300
oil down through our pipeline system. You can manage that. The second thing, Glenn, that I think
00:36:41.660
would make a massive difference. And it's a good business practice. And if Donald Trump is nothing,
00:36:47.900
he's a good businessman. He thinks in how do you do a deal? Have the Treasury go by. Let's pitch out a
00:36:57.280
good number. Fifteen to twenty billion dollars worth of oil futures. Now, number one, what do you bet
00:37:04.660
that oil is going to be higher in twenty twenty one and twenty twenty two? That's probably a lot.
00:37:11.500
Yeah, it's probably a pretty good bet. So if you bought oil futures today, then you would be sitting
00:37:17.640
on a good investment. Plus, that would put a floor on these oil prices. So I think there are two things
00:37:24.360
that the administration could do to be very powerful over and above what they've already
00:37:29.780
done from the standpoint of talking to these countries and saying, hey, listen, we're not
00:37:34.880
going to allow you to destroy the shell producer, the independent operator in America, because it's
00:37:40.400
the one thing that keeps us from being controlled by by energy companies that don't necessarily have
00:37:50.020
our best interest in mind. Rick, I've got less than a minute. Just real quick. I don't need to get
00:37:55.660
into the weeds on this. April 14th, the Texas Railroad Commission is meeting to do something
00:38:01.460
possibly they haven't done since the 70s, which is curb oil production. Is that going to happen?
00:38:07.980
I think there's a real possibility that the commission can take that step. And when you think
00:38:16.560
about that, if this is the movement that needs to occur, again, all of us, you know, we're free
00:38:25.000
market folks, but this is extraordinary times. How do you save that American? I mean, let me tell
00:38:33.580
you, the Texas budget, oh my God, I can't imagine how bad the Texas budget is going to be. The severance
00:38:44.140
tax is going to be in the tank, you know, with this pandemic and the sales tax revenues. I mean,
00:38:50.520
there's no telling. It may be 25, 30 percent lower revenues coming in than what they've got to spend.
00:38:57.800
It's going to be the toughest legislative session from a budget standpoint, potentially in the history
00:39:04.360
of the state. So everything that the state can do right now, right now, they need to be having
00:39:11.680
that conversation about. And I would suggest that Texas doing its part to restrict for some period
00:39:21.320
of time the production of crude might be a very thoughtful thing. All right. Rick Perry, thank you so
00:39:29.500
much for everything. Thanks for coming on the program. Former U.S. Energy Secretary, the guy who
00:39:34.240
I think is responsible, along with the Trump administration, to bring us energy independence.
00:39:40.020
It's a lot of his policies as governor of Texas that helped the oil industry actually figure out
00:39:46.400
and be free enough to make us energy independent. Thank you so much, Rick. I appreciate it.