Victor Davis Hanson: When America Pumps Oil, We’re Not Vulnerable, Russia Suffers with Low Oil Prices

Carlson King of Canada ░░░░░░░░ Trudeau announced that he ░░░░░░░░ going to sanction Russia ░░░░░░░░ the name of protecting ░░░░░░░░ in Ukraine which is ░░░░░░░░ a democracy Joe Biden ░░░░░░░░ also announced sanctions to ░░░░░░░░ democracy What is going ░░░░░░░░ here Can anybody speak ░░░░░░░░ an honest declarative sentence ░░░░░░░░ one man we know ░░░░░░░░ His name is Victor ░░░░░░░░ Hanson he s a ░░░░░░░░ fellow at the Hoover ░░░░░░░░ we re always grateful ░░░░░░░░ have him join us ░░░░░░░░ thanks so much for ░░░░░░░░ on If you would ░░░░░░░░ some sense of this ░░░░░░░░ DAVIS Hanson Thank you ░░░░░░░░ having me Yeah I ░░░░░░░░ you know when you ░░░░░░░░ at 20 years of ░░░░░░░░ s rule we know ░░░░░░░░ he has a desire ░░░░░░░░ restore the border of ░░░░░░░░ Soviet Union but it ░░░░░░░░ very hard for him ░░░░░░░░ he has 100 million ░░░░░░░░ people and he s ░░░░░░░░ about 25 or 30 ░░░░░░░░ his territory some of ░░░░░░░░ very rich But why ░░░░░░░░ he in 2008 go ░░░░░░░░ Georgia Why in 2014 ░░░░░░░░ he go into western ░░░░░░░░ and Crimea and why ░░░░░░░░ he may go in ░░░░░░░░ me eastern Ukraine he ░░░░░░░░ go into western Ukraine ░░░░░░░░ So I think it ░░░░░░░░ better since that is ░░░░░░░░ constant to look at ░░░░░░░░ us being the West ░░░░░░░░ particularly the United States ░░░░░░░░ the United States pumps ░░░░░░░░ and the West is ░░░░░░░░ dependent on oil and ░░░░░░░░ price is moderate worldwide ░░░░░░░░ doesn t have a ░░░░░░░░ of cash and we ░░░░░░░░ not desperate for oil ░░░░░░░░ re not doing what ░░░░░░░░ are doing now begging ░░░░░░░░ to pump oil But ░░░░░░░░ you start to restrict ░░░░░░░░ as we did in ░░░░░░░░ as we didn t ░░░░░░░░ it in 2008 and ░░░░░░░░ went down by almost ░░░░░░░░ million barrels in one ░░░░░░░░ then we are vulnerable ░░░░░░░░ raises flags and Putin ░░░░░░░░ an appetite The second ░░░░░░░░ is when NATO remember ░░░░░░░░ it s got 1 ░░░░░░░░ people it s got ░░░░░░░░ economy a GDP eight ░░░░░░░░ larger than Russia when ░░░░░░░░ meets its defense commitments ░░░░░░░░ most people pay the ░░░░░░░░ and Turkey and Germany ░░░░░░░░ are the two largest ░░░░░░░░ in NATO like the ░░░░░░░░ States better than they ░░░░░░░░ Russia and they pull ░░░░░░░░ akin to Russia now ░░░░░░░░ they do us then ░░░░░░░░ seems to stay where ░░░░░░░░ is And finally and ░░░░░░░░ importantly when the United ░░░░░░░░ is confident and the ░░░░░░░░ States talks softly but ░░░░░░░░ has capability rather than ░░░░░░░░ with a twig Putin ░░░░░░░░ deterred So if you ░░░░░░░░ Barack Obama and you ░░░░░░░░ that Russians can t ░░░░░░░░ anything and they are ░░░░░░░░ but at the same ░░░░░░░░ you invite them into ░░░░░░░░ Middle East or you ░░░░░░░░ them to behave during ░░░░░░░░ re election effort or ░░░░░░░░ re Joe Biden and ░░░░░░░░ call him killer or ░░░░░░░░ bully but then you ░░░░░░░░ him to say Oh ░░░░░░░░ 16 entities off your ░░░░░░░░ list for us or ░░░░░░░░ skedaddle from Afghanistan then ░░░░░░░░ ve got problems And ░░░░░░░░ s where we are ░░░░░░░░ we know what Putin ░░░░░░░░ we know what he ░░░░░░░░ but we are very ░░░░░░░░ and we don t ░░░░░░░░ a proven protocol that ░░░░░░░░ convince Putin his advisors ░░░░░░░░ a cost benefit analysis ░░░░░░░░ within your borders because ░░░░░░░░ don t have a ░░░░░░░░ of oil petrodollars they ░░░░░░░░ pretty confident the world ░░░░░░░░ is stable NATO seems ░░░░░░░░ have it together the ░░░░░░░░ States is very careful ░░░░░░░░ judicious but it s ░░░░░░░░ enormous confidence and power ░░░░░░░░ yet we violated all ░░░░░░░░ those and no more ░░░░░░░░ than the last year ░░░░░░░░ It just seems like ░░░░░░░░ s going to be ░░░░░░░░ to talk back from ░░░░░░░░ ledge of principle that ░░░░░░░░ Biden Administration has destructed ░░░░░░░░ m not sure what ░░░░░░░░ principle is Do you ░░░░░░░░ in our 25 seconds ░░░░░░░░ we have left DAVIS ░░░░░░░░ I think the principle ░░░░░░░░ a word that I ░░░░░░░░ a realist so I ░░░░░░░░ the principle is just ░░░░░░░░ pump 3 more million ░░░░░░░░ of oil very quickly ░░░░░░░░ ANWR in the market ░░░░░░░░ federal leasing Stop demonizing ░░░░░░░░ and start showing strength ░░░░░░░░ Germany and Turkey back ░░░░░░░░ real members of NATO ░░░░░░░░ don t call him ░░░░░░░░ killer unless you can ░░░░░░░░ it up and we ░░░░░░░░ not going to back ░░░░░░░░ up So that is ░░░░░░░░ has caused peace 20 ░░░░░░░░ and he s only ░░░░░░░░ this three years Carlson ░░░░░░░░ is an entirely fair ░░░░░░░░ worth defending Victor Davis ░░░░░░░░ great to see you ░░░░░░░░ you DAVIS Hanson Thank ░░░░░░░░ Carlson We ll be ░░░░░░░░ back.”