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Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Released Thursday, 15th September 2022
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Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Europe, US on 'edge of an energy and economic catastrophe’ says President of US Oil and Gas

Thursday, 15th September 2022
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0:06

hello american happy thursday welcome to

0:08

a new of of john solomon reports, a podcast

0:11

from justin hughes, we're going follow

0:13

today at the start of the show exclusive

0:16

story i on tuesday

0:18

night is on hannity at broken, justin

0:20

is a at, he broke it on the the

0:23

news not noise television show there

0:25

is a federal

0:26

whistle-blower former

0:28

intelligence analyst for capitol

0:31

police police then he

0:33

now works for homeland security department very

0:35

respected in the area of intelligence analysis

0:38

and he wrote a whistleblower memo

0:41

three days after january

0:43

six twenty twenty one after the riots have

0:45

occurred same

0:46

they were preventable

0:48

i am sick and i'm nauseous to

0:50

know that we the analysts said repeatedly

0:52

warned that people were talking about storming

0:55

the capital an overwhelming numbers in we

0:57

didn't prepare properly forward

0:59

athletes operational level

1:01

of the capital we didn't take for

1:04

guard troops we didn't have enough right patrol units

1:06

you didn't have officers alerted most

1:08

officers came in the gop

1:10

will present january six thinking it was a normal

1:12

day why because the documents i put out in the public

1:15

show there were no threat assessments still

1:17

front line officers in the city

1:20

you units known as a civil disturbance units

1:22

we we call him the riot police there

1:24

were no no known sets you

1:26

can see for yourself don't take my word for go down

1:28

know the documents you see this

1:33

we have now collected hundreds of pages

1:35

of capital police documents repeatedly

1:37

warning that intelligence intercepted

1:39

by the federal bureau of investigation the

1:42

us homeland security department by the us marshal

1:44

service the metropolitan police department

1:46

of washington dc all

1:48

had specific details extensive

1:51

sadder an online chat rooms

1:53

and are mine social media spaces

1:56

that large numbers of bad actors

1:59

were coming to washington who invade

2:01

the capital too reach the capital

2:03

who threatened lawmakers to get

2:06

right next to the room where the certification

2:08

was going on to penetrate the tunnels

2:10

in the tunnel system around the nicest gap other

2:12

way the all those things happened

2:15

the intelligence was so good it's

2:17

actually predict your what was going to happen yet no

2:19

one in the capitol police reacted in the

2:21

man who wrote that email is

2:24

former champ replace intelligence analyst the

2:26

record our the homeland security are very

2:28

respected guy well his

2:31

memo in and all the

2:33

evidence that would back up his memo i

2:35

put into that sorry tuesday nights on him the by

2:37

did on the show we haven't adjusted

2:39

use that noise we been talking about of for the last

2:42

thirty six hours but an

2:45

opportunity to interview congressmen rodney

2:47

davis from the great state of illinois he's the ranking

2:50

republican the top republican on the house administration

2:52

to me that's the panel that controls

2:54

the capital of as oversight of there's

2:56

a mechanical the top republican

2:58

am in he reveals something very

3:00

important he said there were many

3:03

multiple the record multiple

3:06

other people came forward

3:08

saying we had to goods we gotta stop

3:10

the attack but we sail that stopping the attack

3:13

the and the the people who know this

3:15

are being retributive against

3:17

are being retaliated against cause

3:19

the leadership in the capital the

3:22

new nancy pelosi and the current police department

3:24

don't want this married about in

3:27

a few minutes you're gonna hear that exclusive interview

3:30

amanda had and i had with congress or danny

3:32

davis for the great state of illinois last night it

3:34

is an eye opener there are numerous

3:38

capitol police officers who have come

3:40

forward seeking whistle blower protection

3:42

analysts others playing what intelligent

3:45

showered and what the capitol police failed

3:47

to prepare for for him have that freedom

3:49

second as going to be a real tree and then mama

3:52

done that the comeback from commercial break

3:54

and we've got an amazing second guess he's one

3:56

of my favorite big picture

3:58

energy thinkers teams to the president of

4:00

us oil gas association he's

4:02

going to focus about the autonomy inflation

4:05

the state of energy it's will there be

4:07

an energy crisis in eastern

4:09

europe because of the ukraine or are and

4:11

also because of the liberal policies

4:13

that he you has pursues the last year's

4:15

their pursuit of clean energy may of

4:18

last the apartments significant short of

4:20

just basic energy and

4:22

attempts to it can talk to all of us wanted so

4:24

important understand his guests energy

4:26

geo political considerations also

4:28

affect our com um even if it's thousands

4:31

of miles away attempts to are

4:33

presently us oil or gas association going

4:35

to be or second guess tonight to great guess

4:37

lots of big conversations still be

4:39

news and a little bit the

4:42

economics and inflation in oil

4:44

and gas and energy prices are up

4:46

together and this thursday

4:48

afternoon september fifteenth when

4:50

you twenty two words a commercial break your from our partners

4:53

or sponsors or advertisers and come

4:55

right back sarah hardy

4:57

with rodney davis the congressman

5:00

from illinois the man who is the making republican

5:02

on the house administration committee who has been investigating

5:05

the true security founders of january six

5:08

were start off of the relativist

5:15

the ranking member of the house administration

5:17

committee representative rodney davis

5:20

of illinois congressman thank

5:22

you so much for coming on and give us your reaction

5:24

to this new

5:25

john animated thanks for having me

5:27

on a list is exactly what

5:29

i've been talking about throughout

5:32

the entire time the we spent

5:34

sunshine where is it is how do we

5:36

address the security failures the

5:38

we've witnessed leading up to and

5:40

on january sixth i'm so glad eric

5:43

one out publicly what we've had

5:45

eric's testimonies as part of our

5:47

whistle blower or up for bar

5:49

whistleblower program that i set up because

5:52

so many people within the capitol police

5:54

in in the security structured wanted to have

5:56

their story heard eric now is released

5:59

his own name we

5:59

the do that

6:01

the now the war he knows they know

6:03

that it analysts like eric who

6:05

have been then how you did against

6:08

in fired they're the ones

6:10

that raised the red flags even

6:12

after january six these are the questions

6:15

the select committees not asking and these

6:17

a slut the questions to select committees

6:19

needs to answer

6:21

it's such a remarkable thing after nine

6:23

eleven we took a lot of time to forget how we're going to examine

6:25

but after january six the democrats haven't spent

6:28

amounts of time figure out how a

6:30

six hundred million dollar resource

6:32

they'll bad day you're the only

6:34

person really doing the work as i want to ask

6:36

you about these other whistleblowers my understanding

6:38

is there's quite a few what are their stories

6:41

that a general other stories about

6:43

what went on inside the police spot

6:45

what we heard from eric is consistent

6:47

with some of the other others who have

6:49

given testimony in an anonymous say

6:52

what i want to protect whistleblowers that's

6:54

why i put forth the whistleblower

6:56

site that i did immediately after

6:58

january six to get people just have their voice

7:00

heard we've heard a lot of retaliation

7:03

and retaliatory issues in

7:05

the intelligence division within the capital place

7:08

that to me is very concerning are we

7:10

have to do a better job that making sure

7:12

that we look ahead we are be a better

7:14

leadership because obviously what were

7:16

seen from the emails that you put up from

7:18

eric i'm is a failure in

7:20

leadership there was a failure plan for

7:23

security operations that needed

7:25

much more preparation much work with myth much

7:28

more training in our goal shouldn't

7:30

be to just go after the former

7:32

president what we have to do is

7:34

make sure those the decisions are never

7:36

made again the put our brave men and women

7:38

in the capital least in harm's way

7:41

speaking of that committee the january

7:43

six committee how i heard a

7:45

lot out of them i know obviously

7:47

senseless cheney lost her primary it seems

7:50

to have fizzled out but what's the

7:52

status of that are we gonna see or hear anything

7:54

else from them

7:55

oh i'm sure you'll hear from them as

7:57

the election gets closer because

7:59

there the focus is on politics

8:02

rather than fixing problems

8:04

the true american heroes like eric horvitz

8:06

brought forward what we knew

8:09

we knew big the bipartisan

8:12

investigations in the senate that

8:14

the capitol police intelligence division had

8:17

it in fell from the norfolk get the

8:19

i office said the capital would be under

8:21

attack they didn't even

8:23

tell them police chief cease

8:25

steam sauna that that intelligence

8:27

was in their hands they didn't act

8:29

they put their brave men and women in danger we

8:32

could have made better decisions on the front

8:34

end now the goal is is

8:36

not to just have made for tv hearings

8:38

like the one six committees they like to have

8:41

the goal should be making sure that

8:43

our brave men and women don't worry about a red

8:45

shirt or blue shirt they don't worry about

8:47

made for tv here and they worry about

8:49

doing their job protecting us capitol that's

8:51

my job my job is to protect

8:53

them and i will continue to make

8:55

sure that the questions that are that

8:57

have been written that have been risen by keep like you're a corpse

9:00

continue to get ass

9:02

so important giving him boys in the

9:04

facts of they have gazette they're so one of things

9:06

you see in the eric or email and that information

9:08

is there's a lot of factual basis

9:10

to what they saw going on one

9:13

of the things that the january six committee took off

9:15

the table right away as what did the

9:17

house leadership same as he's be add nancy

9:19

pelosi and her how such an arms really

9:21

know we have little windows into it's

9:24

i know you've delved into several large way

9:26

i've been doing a report that woman she will come out

9:28

what can you tell us about what is he policy

9:30

should have known or did know ended

9:32

nasa

9:33

like until you then when nancy pelosi and

9:35

her team begin denying that they

9:37

have any involvement in something that went bad

9:40

you know you're going somewhere where you're

9:42

getting closer to the truth nancy

9:44

pelosi controls just

9:46

by the sheer fact that she speaker the house she

9:49

controls the security apparatus here

9:51

in the capital complex and especially on our

9:53

side she can't run away

9:55

from that that's why we put

9:58

in place or whistleblower site the

10:00

there were many more eric horse there

10:03

are many more whistleblowers the were protecting

10:05

because we don't want to see them retaliated against

10:08

that has said similar things

10:10

to us about a retaliatory retaliatory

10:12

environment within the capitol police intelligence

10:15

division that is wrong we

10:17

need to do a better job of making sure that

10:19

we care less about punishing our officers

10:22

were just trying to make sure they january

10:24

six never happens again then we

10:26

are about fixing the problems that

10:28

led to the security failures born

10:31

on january six

10:32

the much sense

10:34

and never treatise first set

10:36

you free is not fusses i get you

10:38

fired ah i want to switch gears

10:40

i went to the economy in l at

10:42

the white house is throwing a party after

10:45

, a one month anniversary the passage of inflation

10:48

reduction acne while americans are getting crushed

10:50

by the economy another aspect of the

10:52

economy this applies in

10:54

crisis and now we're staring

10:56

now we're face of this potential rail strike

10:58

the hundred and fifteen thousand

11:00

employees that could potentially bring our

11:03

economy to a grinding halt what's

11:05

the you think is gonna happen and how do we have heard

11:07

it

11:09

we were murdered by actually having leadership

11:11

coming out of the by the administration i

11:14

would represent a district that as multiple

11:16

class one railroads we depend upon

11:19

the supply chain we depend upon the

11:21

rail industry fan a lot of

11:23

those union members that work for the realize

11:25

they live in my industry they will tell

11:27

you that there's a lack of leadership in

11:29

the white house right now for getting something

11:32

done that can make sure that

11:34

we avoid the strike ah i just

11:36

don't know divided ministrations willing to

11:38

step up the do what's right but

11:41

in the end up it's too important

11:43

right now especially with our economy the

11:45

high inflation rate that the bite

11:47

administration is celebrating rather

11:50

than actually addressing i

11:52

don't know if this economy can take

11:54

a rails right right now and that

11:56

crushing blow to our supply chain issues

11:59

that are already that's your dated by

12:01

the failures of the by the administration

12:03

just over the first few years

12:05

so to i'm really are they a lot of people

12:07

are really starting to express concern i want take one

12:09

or the you have been a law and order proponent

12:12

for a long time you've got a great record trying

12:14

to keep america on that path

12:16

your own state illinois has passed the thing called

12:18

the safety yeah which is about

12:21

allowing people criminal or out

12:23

on well cash bail for crimes a

12:25

secondary murder your thoughts on where

12:27

democrats in your state are taking that state versus

12:30

where the constituents want to go

12:32

hi my jaw get about the implementation

12:34

of the safety as soon as it he

12:37

had he had some more we

12:39

had some lag time before it's implemented but

12:41

this is going be nothing but a disaster

12:44

no cash bail me the criminals

12:46

are able to go out and be able to commit

12:48

their crime and harass and attacks

12:51

the same people litter the reason why

12:53

they were in jail in the first place i mean

12:55

a lot i'm all for criminal justice reform

12:58

i don't want to see petty drug users in jail

13:01

longer than zero the subway guy who's a pedophile

13:03

because jeered had more money that's

13:05

wrong that's why president trump

13:08

said i and others we pass the first

13:10

step back together to buy person way

13:12

but this is a step too far this

13:14

is worth criminals are going to be caught

13:17

criminals in illinois going to have the upper hand

13:20

and the sad part is it's

13:22

going to lead a republican victories because

13:24

with the increase of crime in the years when training

13:26

democratic circuit combat tude republicans

13:29

and our message very quickly i certainly

13:31

hope they do in november and that's what i'm

13:34

going to try to make sure habits five

13:36

alternative for michael be right back

13:38

at best

13:45

or i thought what about some a commercial breaks

13:47

we've been talking about energy for

13:49

the last year it has become in a sense of

13:51

driver to be by the database

13:53

there was a massive spike in prices down

13:56

a little bit but the forecasters for it's come

13:58

back ups real quickie though the

14:00

question is it were beginning to strangle

14:02

amount and capabilities of our country to meet

14:05

energy the man in our next guess he's

14:07

been putting aside the cutting edge of this conversation

14:09

he the presence of us oil and gas

14:11

association the great find the symptoms to

14:13

attempt straight daddy back on the south

14:16

great me here thanks three shit i

14:18

always i'm starting in america but right now

14:20

i see a like the big story that's about

14:22

iraq the world is probably it's over

14:24

the pond and your of give us a little bit of

14:27

what you're seeing and it's the crisis

14:29

as is beginning to unfold and so motion

14:31

and the european continent when it comes to energy

14:34

principally with russia

14:35

well you know john eight i don't think

14:38

most people realize that we really

14:40

are on the edge of an energy and economic

14:42

catastrophe it seems don't start

14:44

to play out the way that they should really

14:46

really as frightening as we're moving

14:48

into a global energy crisis and

14:51

we really have to have senior leadership

14:53

shown by both the us and and the europeans

14:55

you know i say the

14:57

people who have been father this closely

15:00

russia natural gas supply to europe cancer

15:02

the nord stream pipeline and that was reduced

15:05

just twenty percent capacity after

15:07

back the first part september when the g seven pledged

15:10

to cap the prices russian oil markets

15:12

and also the next day will be

15:14

hold gazprom said well gosh there's an

15:16

oil leak on the nord stream one so as to remain

15:18

closed shut things down to know

15:20

that twenty percent capacity the

15:23

europeans have seen it their natural

15:25

gas prices her ever really gone up to

15:27

the equivalent of about five hundred dollars a barrel

15:29

equivalent for natural gas you

15:32

can't you can't run a business you

15:34

can't run your house you can't run a school when

15:36

you energy prices are high and as

15:39

economic catastrophe that were sitting

15:41

on because of the manufacturing the manufacturing sectors

15:44

a gets it so badly

15:45

yeah that is unsustainable pricier

15:48

when we talk about the crisis we've got the cash

15:51

issue the cost of doing business the

15:53

seems to be some production i'm hearing from you and

15:55

of the us intelligence has slowly just

15:57

keeping people warm and some of the cold climates

15:59

of your

15:59

may not be achievable for part

16:02

of this when or if you're a person

16:04

in a home in one of the eastern european

16:07

countries is it going to be difficult to keep yourself

16:09

warm this winter i think so i think

16:11

this is angie crisis already taken it's

16:13

toll

16:14

the european governments have spent two hundred seventy

16:16

eight billion dollars at a cushion

16:19

impacts to homes and businesses they're

16:21

starting to subsidize the manufacturing sector's

16:24

uk for example announced in that hundred

16:26

ninety five billion dollars scheme

16:28

one hundred thirty one billion with the household

16:30

and forty five billion went to the businesses

16:33

the lesson to lessen the impact of skyrocketing

16:35

energy crisis that's about five

16:37

percent of the gdp it's about the size of their

16:39

national health service that's the impact

16:42

that it has if you're to translate to the united states

16:44

would be i'm sustainable and unaffordable

16:48

that is amazing to even think about

16:50

that shows a level of panic and concerned

16:52

when does have that big of investments and you realize

16:55

it was as much if europe is

16:57

struggling to get enough energy just

16:59

to get through the winter what is seats net

17:01

effect and america when there's a competition

17:04

and supply is shorter is assume

17:06

it tugs at the market even here correct

17:08

does he does that you know it and energy

17:11

impacts everything else lightning and you

17:13

know talk this over and over again the impact

17:15

on on manufacturing for example so

17:18

did you go by just the first week in september

17:20

where you started to see was aluminium

17:22

smelters in the netherlands start to close

17:25

down because they can't afford it you see

17:27

at the top aluminium plant will cut twenty

17:30

two percent of it's production the

17:32

european association a metal said that

17:34

we're going to have to feel backed by fifty percent

17:37

cause we can afford are aluminum see capacity

17:39

of these price levels that , impact

17:42

all across the board and

17:44

i think you know for united states perspective

17:46

these are our allies

17:48

the and

17:49

linked to the hip whether we like it or not the

17:51

problem a john is look for years europe assume

17:53

they can easily get rid of oil and gas and coal

17:56

and decarbonise without any effort

17:58

i never worn chino

17:59

for him from the president trump want

18:02

them to warn the germans a similar to rely more

18:04

modern russia

18:05

you seem to care

18:07

american the impact of decade and that

18:09

energy policies as secure up soon

18:11

a great job of reminding us what not to do

18:13

but unfortunately

18:15

the ira bill just puts it on that past

18:17

five years you know that's was really concerning to

18:19

meet frankly

18:20

yeah place in there is a slow motion

18:23

a learning lesson of what your of did five

18:25

years ago because we're on the same path actually still

18:27

by doubling down on about right now

18:30

at a moment where we're seeing is failing

18:32

and right before our eyes and one of our closest continents

18:35

allied with us what are some

18:37

of the into groceries of

18:39

the current emerging by

18:41

energy plants i know california stock

18:43

of about it and to of is always on the far bleeding

18:45

edge of any idea but i'm going to ban

18:47

gas cars by twenty thirty five

18:49

a believe is a deadline yeah they're nowhere near

18:52

being able to see that bugs what

18:54

are some of the pillars of the bidens

18:56

energy plan that just aren't based in

18:58

the realism of the market right now

19:00

well see now that's a great question

19:02

if you search the white house's website

19:05

they have two hundred hit seen that climate

19:07

change is an existential threat to us

19:10

not really really understand what that means

19:12

because if climate change in carbon dioxide

19:15

emissions were and exit existential threat

19:17

threat

19:18

they release date million barrels from their strategic

19:20

point is or just last week

19:22

now and

19:23

the

19:25

climate change and fossil fuels

19:27

bad they're they're huge they're using

19:29

those aged patrol hundred serve as a political

19:32

yards as existential threat to their reelection

19:34

than the midterms i guess he up

19:37

i just this is a whole conversation

19:39

i can have that your i decided to walk

19:41

the walk in so three weeks ago

19:44

my wife my bought an electric vehicle he

19:46

bought a both like and eighty four

19:49

okay president us on gas association

19:51

drive an electric vehicle why because he wants

19:53

to be able to prove that it's not a really good idea and

19:55

frankly i it hasn't

19:58

been a real good idea for the last three the

20:00

closest the closest level three

20:03

charging station to wear that vehicles garagetown

20:05

west is forty three miles away

20:08

forty three miles and i live in a metropolitan

20:11

statistical area one hundred twenty four thousand people

20:14

though it you know it the these

20:16

are great on paper and frankly the

20:18

the vehicle self is sounds but the

20:20

infrastructure to get it where it needs to go

20:22

is not interesting thing

20:25

the best thing about it is i charge my

20:27

tv using natural gas from

20:29

my from my utility provide access

20:32

i guess an hour seventy and right but the

20:35

the ira's is filled with the inconsistency

20:38

top to bottom as to they just cannot get

20:40

from here to there you know it's a giant wishlist

20:42

natural it it was just a wish

20:44

an expensive wish four hundred

20:46

billion dollars of expensive wish some how

20:48

i love with you guys do with us i guess

20:51

association some younger energy to see you

20:53

guys actually do have a plan

20:55

to address the future aus

20:57

american energy needs keep getting

20:59

cleaner where we we know give ourselves cat about

21:01

every year american indicates that

21:04

much greater compared to any of our rivals one

21:06

are some of the elements of the us oil

21:08

and gas association energy plan that make

21:10

a difference on all fronts were time it's less

21:13

carbon to be have more energy valve

21:15

of people keeping the prices affordable for the economy

21:17

doesn't complain

21:18

what are some things that you guys have on your

21:20

agenda that really scares realistically

21:23

it's to where we want to be not in the pipe dream

21:25

of being so right now

21:27

i will be i think the key is to make sure that

21:29

we always have access to

21:31

the resource you know and new

21:34

again you know talked about us over again the

21:36

world comes to us for ideas

21:38

they come to us for technology and

21:40

know how and workforce they do we

21:42

do a better than anybody else and so

21:45

we always talk about the strategic petroleum

21:47

reserve and how important it isn't concerns about

21:49

being drawn down but the reality is the hydraulic

21:51

fracturing revolution

21:53

they'd americans two trillion dollars since

21:55

two thousand and eight because mainly

21:58

one just one week

21:59

that code when we crack that code

22:02

in those shale the formations

22:05

really , drove aren't are natural gas

22:07

prices down thomas where was a dollar fifty

22:09

which is basically giveaway prices because

22:11

we're so abundant abundant

22:14

and two trillion dollars and back into people's

22:16

pockets over the last twelve or fourteen years

22:18

that's nothing new and that's something that we ought

22:21

to break a attention a i

22:23

think you know and

22:25

, yeah there's concern about treated promise

22:27

or but the reality is we got

22:29

that reserves that a hundred times of magnitude

22:32

of anything we did store in

22:34

louisiana or texas just in the ground

22:37

in the lower forty eight and that's the real reserve

22:39

that we gotta pay attention to in doing so we

22:41

can keep oliver cost else as

22:43

really good point

22:44

they are you talking about the spr

22:46

and seems like for at historic lows

22:49

i see my since the nineteen

22:51

eighties allows we ever got to is about four hundred

22:53

fifty million barrels in this reserve

22:55

we seem to have broken that barrier for the first

22:58

time once the differ where are we it's

23:00

and what's the danger of not having spr

23:02

were needs to be

23:03

this too dangerous for says yes you

23:06

know what happens the the it with the reserve

23:08

was are you originally put together to so

23:10

absorbed price shocks for natural disasters

23:12

and or global disasters you know

23:16

the and

23:17

the waterways make sure you've got plenty of the

23:19

access ready now ready to get back

23:22

on the market quickly the there's an actual an engineering

23:24

concern to went when you draw down those

23:26

reservoir so certain point you begin

23:28

to access to engineering structural challenges because

23:31

the is because of the pressure of the system

23:33

and things like that and so you don't

23:35

want to take the actual engineering infrastructure

23:38

included a risk because you been drawn it now

23:40

so quickly and moving it out so so

23:43

quickly without the ability to keep it charged

23:45

up in the other thing

23:47

is is again it's classic government which

23:49

is by high enough so

23:51

low that is what they used to zoo and

23:54

there's vr there's ministrations talk about be

23:56

great we're gonna show up when new with eighty

23:58

and eighty dollars eighty dollars as organs

23:59

there

24:01

starting at that you know back

24:04

when in the middle of covered when the collapse was

24:06

happy if you member in april twenty when

24:08

twenty went below you and forty dollars below

24:11

zero eight zero died i would you taney

24:13

forty dollars not to give you a barrel boil then

24:17

trump administration came and said hey listen much

24:19

top the sing off we can do it for forty know

24:21

the barrel chuck schumer said now where we're not

24:23

going to get as a that's the i'm bailing out the

24:26

filling up big oil who that's horrible that's

24:28

horrible horrible that they made at the time because

24:31

it

24:31

the white pound foolish

24:34

wow it's amazing to think about

24:36

that missed opportunity also saw the brilliance

24:38

of the top moved to actually try to sell up the

24:40

spigot when it was see by to get the best the

24:42

over the backfire exactly exactly

24:45

there is a tug of war going on over

24:47

urban exploration and energy

24:50

development and i'm i'm going to eat as soon as i sent

24:52

him as a whole nother force but it's just

24:54

a bind him his face and and it's permitting and

24:56

it's least competitions see

24:58

when something by bus back from another

25:00

saying stella sustain a play about

25:03

the ability for us to topper own resources

25:05

on us and right now what's the by the ministries

25:08

and during even with the courts intervention well

25:10

so the big mistakes in illustration

25:13

time exploited his

25:15

perception that a lease is a guaranteed

25:18

guaranteed win for the industry that i got

25:20

a least it's not going to the it's not

25:22

gonna seven eleven and get and seventy

25:25

, hours may go from you're guaranteed seventy

25:27

two ounces all he says is it's a

25:29

guaranteed has a right to make a big bet

25:31

the you may or may not win and carrying with

25:33

administration is doing right now this week which

25:35

is real concern is their backing what we call this

25:37

soon settle game i don't know if you've followed

25:40

this that been department in good form interior

25:42

settled a lawsuit brought when environmental groups

25:45

were challenges leases and in montana

25:47

the dakotas the settlement

25:49

whole thing approvals a permit to drill

25:51

into the beyond goes back and conducts

25:54

a new leaf analysis and takes into

25:56

consideration the social cost of carbon

25:58

a things like that

25:59

right back

25:59

everywhere during the obama years unleashing

26:02

even know congress said you shall lease

26:04

in the ira we're

26:06

, back to the old games i used to play so

26:08

industries you know we're

26:10

we're just you were discouraged on

26:13

the thoroughly some component because we

26:15

are see we've seen as playbook before and has

26:17

come on against against to

26:19

sunnyman warmed over it is the same way most

26:21

insidious exact same thing same

26:23

, to get to the price of oil and gas in the second

26:26

and what we can see in the fall but before

26:28

i get to that the really long term

26:30

effect of the seats movement

26:32

i now saw as as on a website

26:34

or day and nasdaq is promoting said

26:36

it's all members should be getting involved in the is

26:38

t it is going to scare away

26:41

as enormous amount of exploration

26:43

for future and development as

26:45

it is the main aim but the smart money

26:47

i think has started to see through

26:49

that and i

26:51

, when combined with me on savvy

26:53

investment structures that don't

26:56

buy into the he is t height

26:59

height the courses nice to when you look

27:01

to the nasdaq which is down thirty percent

27:03

and yelling winners in those in yelling

27:05

winners and all investment sector is

27:07

actually dilemma gas of people do on

27:09

some returns some smith's

27:12

distance yeah the smart money i think

27:14

is is starting to fall back in in and get around

27:16

that but you know just systemically

27:19

it has know just

27:20

hail on it and and

27:22

tougher our guys get financing still

27:24

so we're not for a very stable

27:26

pricing climate we really would be in a world of

27:28

hurt right now so

27:32

but it like ikea shiite the i think

27:34

it's going to get me come under more moore's allah

27:37

or that of scrutiny because

27:39

the seas for administering he administering t phones

27:41

are higher the sword know who for wall street makes

27:43

his money his money is and

27:46

the returns are not great and so people are saying

27:48

and see what is it

27:50

it it really yeah i am

27:52

i am i besting and in i

27:54

environment and sustainability

27:56

or am i invest in and in some

27:59

waltz report for them

27:59

the jersey

28:01

the country club do something like

28:03

that people don't have questions i think it's

28:05

really good question we have a great tv special

28:08

on america's voice about a week ago in some

28:10

really innovative efforts i can in florida

28:13

and texas and oklahoma city

28:15

when the early these on this and states'

28:18

rights are really prevailing in the courts in an

28:20

awesome in the legislature and i think you're ready to

28:22

roll back moment may be building momentum

28:24

very quickly everybody just

28:26

wants to the around adopt a few months old

28:29

gastrointestinal illness expression

28:31

of i gas prices but everyone

28:33

i'm talking to feels like we've hit the bottom

28:35

and the price is going to begin priming

28:38

up as we head into the fall into the holiday

28:40

season

28:41

you know better than uma what do you think the trend

28:43

mine will be

28:44

on gas and oil prices fall without

28:47

i think you know there's so many factors that

28:49

play right now that are completely out of everybody's

28:51

control you know days in connect

28:53

to the strategic petroleum users theoretically

28:55

those drawdowns are supposed to end the

28:58

end of october or on around election day

29:00

most like the just saw yeah imagine

29:02

that and i think when you

29:04

don't need million barrels into the system a week

29:07

that has has to distort things

29:10

a lot and those come to an end the

29:12

eu people take a hard look at were inventories

29:14

are you where the not real favorable right now

29:16

so i think you can see prices start creep back

29:18

what happens if ukraine

29:21

with too many europeans and everything else

29:24

the industry's credit you know when you are

29:26

having this conversation back in may we were

29:28

racing to get rigs in the air we did that

29:31

the and i think our production levels are actually

29:33

pretty favorable right now to keep we

29:35

don't want to be it on hundred and three hundred forty hundred fifty

29:38

dollars a barrel as is bad for everybody and ourselves

29:40

include but i think we're

29:42

we're now the point where productions come online

29:44

we've been able to complete a lot of

29:46

wells were still outstanding back outstanding

29:48

the first part of summer so hopefully

29:51

fingers crossed rules will be in a stable

29:53

and lower price climate than we were in june

29:55

and july surmounted people follow the great

29:58

works it's you do it is not necessary

30:01

our our small trade associations

30:04

i , did a tweet back in july

30:06

that tweet the presence known as a saturday

30:09

saturday remember that probably

30:12

the best thing is now we trendy irreverent

30:14

on twitter once or twice a day and know

30:16

like if anybody needs to just ask questions we

30:19

are

30:19

we are all service i'm happy to take

30:22

any questions or email from they can reach me

30:24

stewart that a us okay dot

30:26

org that's amazing are you are

30:28

you are so accessible and and doing these interviews

30:31

are so valuable because people we have all

30:33

these questions and we have all these worries and when you

30:35

get to someone with your level of expertise

30:37

in your vantage point i mean you just

30:39

the best way to prepare for something existing to be

30:41

been far more information and you

30:43

have a student and everytime tim we're so grateful for

30:45

the time today and i know we're gonna need to get

30:47

a chance to in the market is going to be pretty crazy the next

30:49

few months excellent yeah hey appreciate it

30:51

and i i appreciate getting the opportunity bloviate

30:54

you know at a high they both hitting

30:56

his facts it's great i mean we learned a

30:58

lot of people don't know that the spr is at record

31:00

lows i mean there are so many things that

31:02

we need to inform the american public kind of you

31:05

make that possible these visits

31:07

i really appreciate the opportunity

31:19

hey folks thanks for joining us today always

31:21

an honor to have used part of the john solomon

31:23

reports family as part of the just the news

31:25

dot com family we love having

31:27

conversations sharing them with you hearing

31:30

from you as well issues

31:32

and stories of ideas matter

31:34

tomorrow real great show mark meckler the

31:36

convention of states will be on you want to hear that the glove

31:38

jim jordan as well so buckle up

31:40

for the africa cup of a good guess it's going to be a

31:42

busy busy news day tomorrow

31:45

so we're excited about that now as

31:47

you know i love all of the partners

31:49

and are part of the just news turn solomon

31:51

reports family in one

31:53

of them is the group we know

31:56

as see flat as a f

31:58

w a that they

31:59

the

32:00

they make sure it's easy

32:02

to get safe

32:04

in reading

32:06

the make sure that you are safe gun owner

32:08

that your company gun owner that you're responsible

32:10

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32:13

hi

32:14

the easy online training there some of the

32:16

best online training episodes

32:18

and capabilities and sessions i've ever been

32:21

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32:25

how to safely shoot out a story weapon how to

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32:33

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32:38

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32:47

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32:49

e a are you do is take

32:51

one of their says momma courses right now at

32:54

a very simple are euro f

32:56

f course dot org will be there

32:58

and be able to have a great opportunity

33:00

a lot of different skills lot of different sessions

33:03

you are going to be interested

33:05

in love it if you go there so take advantage of it right

33:07

now all right folks that wraps up

33:09

another additional john solomon report thanks

33:11

for tuning in i big thanks to our

33:13

yesterday team stewart always a

33:15

candidate voice about the state of american economy

33:18

state of american energy independence and

33:20

, course last night a remarkable conversation

33:22

with congressman rodney davis from illinois some

33:25

real news coming out that there are more

33:27

air corps there are multiple whistleblowers

33:29

have come to congress to blow the whistle on

33:31

january six we may soon hear about some of

33:33

their findings in a report

33:35

coming out in a few weeks from the house republicans say

33:37

to him for that we're going to cover that twenty four seven adjusted

33:41

use dot com our jobs

33:43

have a blessed night how'd your family

33:46

the embrace your friends have a great night

33:49

my god bless you regardless this

33:51

extraordinary country the united states is always as

33:53

yet even as soon as you john solomon reports

33:55

of orgasm jesse's we're grateful you have been

33:58

you have a great nice

33:59

got

34:04

at university of phoenix we know you've

34:06

had a master's degree undermined and did

34:08

you know that your experience can help you are to competency

34:10

based i'm

34:14

thinking and start doing learn

34:17

more at phoenix that edu

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