RUSH TRANSCRIPT Actually doing ░░░░░░░░ Joining us now is ░░░░░░░░ Turner Daniel great to ░░░░░░░░ you Markets weren t ░░░░░░░░ by the move of ░░░░░░░░ yesterday at all Oil ░░░░░░░░ instead of coming down ░░░░░░░░ a result of this ░░░░░░░░ they went up 2 ░░░░░░░░ barrel I mean you ░░░░░░░░ it s down a ░░░░░░░░ today the but nothing ░░░░░░░░ to the gain of ░░░░░░░░ What s going to ░░░░░░░░ with this decision Yeah ░░░░░░░░ really has absolutely no ░░░░░░░░ on gas prices The ░░░░░░░░ way to bring down ░░░░░░░░ cost of gas to ░░░░░░░░ down the produce of ░░░░░░░░ is to radically increase ░░░░░░░░ supply Remember we are ░░░░░░░░ we are producing 2 ░░░░░░░░ fewer barrels of oil ░░░░░░░░ day than we were ░░░░░░░░ year ago and as ░░░░░░░░ laurent was just saying ░░░░░░░░ reason why is because ░░░░░░░░ have scared off investors ░░░░░░░░ administration has put tremendous ░░░░░░░░ on oil and gas ░░░░░░░░ so it is very ░░░░░░░░ for them to produce ░░░░░░░░ now Releasing 50 million ░░░░░░░░ which is just a ░░░░░░░░ days worth of oil ░░░░░░░░ not going to help ░░░░░░░░ supply in the long ░░░░░░░░ The decisions that we ░░░░░░░░ feeling now the impact ░░░░░░░░ come over 10 months ░░░░░░░░ bad incremental decision by ░░░░░░░░ administration It s all ░░░░░░░░ up to us now ░░░░░░░░ in order to reverse ░░░░░░░░ the they have to ░░░░░░░░ these decisions but Biden ░░░░░░░░ never do that David ░░░░░░░░ even if he did ░░░░░░░░ the oil industry believe ░░░░░░░░ Oil industry is based ░░░░░░░░ certain amount on faith ░░░░░░░░ the government s going ░░░░░░░░ go in a certain ░░░░░░░░ I just don t ░░░░░░░░ that they think he ░░░░░░░░ change policy sod radically ░░░░░░░░ radically He said he ░░░░░░░░ to destroy the fossil ░░░░░░░░ industry He said that ░░░░░░░░ he was running for ░░░░░░░░ I think he still ░░░░░░░░ Yeah I think tt ░░░░░░░░ raise an excellent point ░░░░░░░░ that you have to ░░░░░░░░ a market a climate ░░░░░░░░ markets are comfortable operating ░░░░░░░░ diss is comfortable operating ░░░░░░░░ Canada entered into a ░░░░░░░░ faith arrangement with the ░░░░░░░░ government went new all ░░░░░░░░ necessary legal and compliance ░░░░░░░░ to build this pipeline ░░░░░░░░ cancels it Now he ░░░░░░░░ threatening line three in ░░░░░░░░ line five in Michigan ░░░░░░░░ would Canada want to ░░░░░░░░ business with us in ░░░░░░░░ would Mexico who s ░░░░░░░░ a very important oil ░░░░░░░░ in why would they ░░░░░░░░ to do business with ░░░░░░░░ So you re right ░░░░░░░░ decisions by the administration ░░░░░░░░ scare off a lot ░░░░░░░░ fossil fuel investment But ░░░░░░░░ is actually the intention ░░░░░░░░ don t want investment ░░░░░░░░ want this green agenda ░░░░░░░░ to get it they ░░░░░░░░ to punish the fossil ░░░░░░░░ industry into oblivion David ░░░░░░░░ it s only our ░░░░░░░░ fuel industry They re ░░░░░░░░ the Saudis and Russians ░░░░░░░░ produce more Yesterday as ░░░░░░░░ buddy Larry Kudlow said ░░░░░░░░ president got it right ░░░░░░░░ reason prices are going ░░░░░░░░ is because supply is ░░░░░░░░ down and we need ░░░░░░░░ goose up supply But ░░░░░░░░ s talking about goosing ░░░░░░░░ up overseas not in ░░░░░░░░ way that a will ░░░░░░░░ help American workers in ░░░░░░░░ fossil fuel industry or ░░░░░░░░ a cleaner environment because ░░░░░░░░ Russian ares do it ░░░░░░░░ lot dirtier than we ░░░░░░░░ They do And this ░░░░░░░░ one of the advantages ░░░░░░░░ the energy independence we ░░░░░░░░ in the previous administration ░░░░░░░░ starters it lowered cost ░░░░░░░░ living for the average ░░░░░░░░ It was easier to ░░░░░░░░ for gas grocery prices ░░░░░░░░ lower commodity prices were ░░░░░░░░ lower So energy independence ░░░░░░░░ good for our economy ░░░░░░░░ it also bankrupted a ░░░░░░░░ of bad actors Just ░░░░░░░░ of the way the ░░░░░░░░ of the world is ░░░░░░░░ most oil and gas ░░░░░░░░ found under the feet ░░░░░░░░ rogue regimes and that ░░░░░░░░ unfortunate but it s ░░░░░░░░ It s Iran Russia ░░░░░░░░ Saudi Arabia So as ░░░░░░░░ go up those countries ░░░░░░░░ their wealth And what ░░░░░░░░ they going to do ░░░░░░░░ that wealth in they ░░░░░░░░ going to sponsor terrorism ░░░░░░░░ Putin is amassing an ░░░░░░░░ in crimea another army ░░░░░░░░ the arctic circle So ░░░░░░░░ independence isn t just ░░░░░░░░ for our country and ░░░░░░░░ economy it is great ░░░░░░░░ our national security because ░░░░░░░░ bankrupts our enemies David ░░░░░░░░ by the way you ░░░░░░░░ t mention Iran in ░░░░░░░░ list of awful people ░░░░░░░░ we have trouble with ░░░░░░░░ me put it that ░░░░░░░░ If the Biden Administration ░░░░░░░░ off on another nuclear ░░░░░░░░ like the one Trump ░░░░░░░░ rid of they re ░░░░░░░░ only going to have ░░░░░░░░ new nuclear deal they ░░░░░░░░ going to have oil ░░░░░░░░ twice the price it ░░░░░░░░ two years ago so ░░░░░░░░ re going to make ░░░░░░░░ like bandits And that ░░░░░░░░ why OPEC plus doesn ░░░░░░░░ want to increase supply ░░░░░░░░ enjoy the higher price ░░░░░░░░ Remember all those crazy ░░░░░░░░ you saw in Dubai ░░░░░░░░ ski resorts the world ░░░░░░░░ tallest billings buildings This ░░░░░░░░ going back 15 David ░░░░░░░░ know that the doesn ░░░░░░░░ wore me as much ░░░░░░░░ giving the Iranian mullahs ░░░░░░░░ much that they didn ░░░░░░░░ have They were right ░░░░░░░░ the edge of losing ░░░░░░░░ power as a result ░░░░░░░░ what was happening during ░░░░░░░░ Trump Administration Now they ░░░░░░░░ getting empowered again because ░░░░░░░░ everything that s going ░░░░░░░░ St crazy policy We ░░░░░░░░ got to leave it ░░░░░░░░ that Daniel Turner have ░░░░░░░░ great Thanksgiving Thank you ░░░░░░░░ coming in, appreciate it.