Dem Rep. Khanna Says Gas Prices Wouldn’t Be This High if We Had More Electric Vehicles

RUSH TRANSCRIPT CAVUTO Do ░░░░░░░░ think the presidents on ░░░░░░░░ of it though congressman ░░░░░░░░ rap against him yesterday ░░░░░░░░ his remarks and he ░░░░░░░░ shocked at the price ░░░░░░░░ gasoline but average Americans ░░░░░░░░ tell him and you ░░░░░░░░ mentioned it because you ░░░░░░░░ go to the gas ░░░░░░░░ and see for yourself ░░░░░░░░ that the president seems ░░░░░░░░ detached out of touch ░░░░░░░░ do you think Khanna ░░░░░░░░ has not been my ░░░░░░░░ neil I speak have ░░░░░░░░ to him a number ░░░░░░░░ times and he s ░░░░░░░░ to earth he gets ░░░░░░░░ He s someone whose ░░░░░░░░ his own gas tank ░░░░░░░░ to grocery stores CAVUTO ░░░░░░░░ but he seemed genuinely ░░░░░░░░ at these prices and ░░░░░░░░ a loss to see ░░░░░░░░ he could do about ░░░░░░░░ Do you think he ░░░░░░░░ in over his head ░░░░░░░░ I do not I ░░░░░░░░ not I believe that ░░░░░░░░ s going to take ░░░░░░░░ action I think he ░░░░░░░░ tap the Strategic Petroleum ░░░░░░░░ People say well look ░░░░░░░░ want to transition to ░░░░░░░░ energy How is it ░░░░░░░░ you re then saying ░░░░░░░░ the Strategic Petroleum Reserve ░░░░░░░░ have OPEC increase production ░░░░░░░░ I think Neil this ░░░░░░░░ an important point that ░░░░░░░░ right now Production you ░░░░░░░░ the oil companies made ░░░░░░░░ decision when oil was ░░░░░░░░ 22 two years ago ░░░░░░░░ to increase production Anything ░░░░░░░░ are talking about now ░░░░░░░░ t going to happen ░░░░░░░░ two to three years ░░░░░░░░ we need to have ░░░░░░░░ But you know oil ░░░░░░░░ priced in the markets ░░░░░░░░ re pretty savvy with ░░░░░░░░ and the markets responded ░░░░░░░░ the president upon taking ░░░░░░░░ shutting down Keystone and ░░░░░░░░ in his favoring wind ░░░░░░░░ solar I get that ░░░░░░░░ at the expense of ░░░░░░░░ own domestic production do ░░░░░░░░ think it retrospect that ░░░░░░░░ a mistake because the ░░░░░░░░ type of oil production ░░░░░░░░ frowned upon taking office ░░░░░░░░ s now begging OPEC ░░░░░░░░ OPEC plus countries to ░░░░░░░░ Khanna Neil I don ░░░░░░░░ because oil is at ░░░░░░░░ it s obviously in ░░░░░░░░ president s policy and ░░░░░░░░ t made oil go ░░░░░░░░ it s much higher ░░░░░░░░ it was under the ░░░░░░░░ Administration CAVUTO No because ░░░░░░░░ supply and the demand ░░░░░░░░ has changed so I ░░░░░░░░ just wondering if we ░░░░░░░░ producing less and relying ░░░░░░░░ that less production now ░░░░░░░░ from other parts of ░░░░░░░░ world didn t we ░░░░░░░░ of make this create ░░░░░░░░ problem Khanna No The ░░░░░░░░ was a few years ░░░░░░░░ oil companies decided not ░░░░░░░░ produce more that s ░░░░░░░░ would have been required ░░░░░░░░ we also have to ░░░░░░░░ in electric vehicles and ░░░░░░░░ and wind so that ░░░░░░░░ didn t have the ░░░░░░░░ at the level it ░░░░░░░░ and we had more ░░░░░░░░ stability We re not ░░░░░░░░ that situation for four ░░░░░░░░ CAVUTO We had record ░░░░░░░░ going on record shale ░░░░░░░░ going on the bottom ░░░░░░░░ is that came to ░░░░░░░░ abrupt reversal I m ░░░░░░░░ trying to cast political ░░░░░░░░ but what you make ░░░░░░░░ of what the president ░░░░░░░░ do right now he ░░░░░░░░ to be relying on ░░░░░░░░ hope that maybe maybe ░░░░░░░░ stabilize in time maybe ░░░░░░░░ can get the supply ░░░░░░░░ thing under control and ░░░░░░░░ will go away Are ░░░░░░░░ in that camp that ░░░░░░░░ just eases as time ░░░░░░░░ on Khanna No I ░░░░░░░░ in the camp we ░░░░░░░░ to take aggressive action ░░░░░░░░ tap the Strategic Petroleum ░░░░░░░░ and have to tell ░░░░░░░░ that we need the ░░░░░░░░ and we give the ░░░░░░░░ plenty of money and ░░░░░░░░ and we have to ░░░░░░░░ for other energy sources ░░░░░░░░ we have to be ░░░░░░░░ heavily in renewable energy ░░░░░░░░ electric vehicles so we ░░░░░░░░ the demand and then ░░░░░░░░ we have to look ░░░░░░░░ what we can do ░░░░░░░░ the price of things ░░░░░░░░ the price of milk ░░░░░░░░ at the tools that ░░░░░░░░ ag department majority it ░░░░░░░░ to be able to ░░░░░░░░ in some form of ░░░░░░░░ the ag secretary has ░░░░░░░░ number of tools but ░░░░░░░░ understand it s an ░░░░░░░░ I m back home ░░░░░░░░ it from my constituents ░░░░░░░░ prices have gone up ░░░░░░░░ we can t just ░░░░░░░░ this away People say ░░░░░░░░ it s transitory What ░░░░░░░░ transitory mean Is it ░░░░░░░░ months a year two ░░░░░░░░ Of course we have ░░░░░░░░ act.”