Biden Adviser Cedric Richmond: We Need to ‘Pass Our Climate Agenda’ to Lower Energy Prices

CABRERA Today President Biden ░░░░░░░░ nothing is off the ░░░░░░░░ when it comes to ░░░░░░░░ pressure and punishment of ░░░░░░░░ including sanctions on Russian ░░░░░░░░ exports And joining us ░░░░░░░░ is Cedric Richmond he ░░░░░░░░ a senior adviser to ░░░░░░░░ Biden Cedric we ve ░░░░░░░░ a slew of sanctions ░░░░░░░░ against Russia but so ░░░░░░░░ the U S has ░░░░░░░░ targeted the oil industry ░░░░░░░░ Can you explain why ░░░░░░░░ s a last resort ░░░░░░░░ Well I think the ░░░░░░░░ has said it best ░░░░░░░░ everything is on the ░░░░░░░░ and when you talk ░░░░░░░░ oil you talk about ░░░░░░░░ pain here at home ░░░░░░░░ Americans and raising the ░░░░░░░░ of gas and everyday ░░░░░░░░ But it s something ░░░░░░░░ re definitely looking at ░░░░░░░░ it is not something ░░░░░░░░ we re prepared to ░░░░░░░░ right now But I ░░░░░░░░ the president was very ░░░░░░░░ when he said everything ░░░░░░░░ on the table and ░░░░░░░░ s not prepared to ░░░░░░░░ anything off the table ░░░░░░░░ Because oil and energy ░░░░░░░░ really where it could ░░░░░░░░ most against Russia In ░░░░░░░░ crude oil and natural ░░░░░░░░ made up about 43 ░░░░░░░░ on average of the ░░░░░░░░ government s annual revenue ░░░░░░░░ was between 2011 to ░░░░░░░░ according to the U ░░░░░░░░ energy information administration So ░░░░░░░░ line does President Biden ░░░░░░░░ to choose between targeting ░░░░░░░░ or inflicting more pain ░░░░░░░░ the pump for Americans ░░░░░░░░ Well I think if ░░░░░░░░ look at President Biden ░░░░░░░░ actions of bringing all ░░░░░░░░ our NATO allies together ░░░░░░░░ of the drastic sanctions ░░░░░░░░ sanctions that have been ░░░░░░░░ against Putin and Russia ░░░░░░░░ think that you see ░░░░░░░░ pressure Look at their ░░░░░░░░ market Look at the ░░░░░░░░ All of those things ░░░░░░░░ applying great pressure to ░░░░░░░░ and we re going ░░░░░░░░ continue to do that ░░░░░░░░ so I don t ░░░░░░░░ there s an either ░░░░░░░░ one solution I think ░░░░░░░░ you keep looking at ░░░░░░░░ as the president has ░░░░░░░░ doing which is galvanizing ░░░░░░░░ world to fight and ░░░░░░░░ this dictator He has ░░░░░░░░ understand that aggression will ░░░░░░░░ with negative consequences and ░░░░░░░░ world is ready to ░░░░░░░░ against him CABRERA The ░░░░░░░░ of gas prices obviously ░░░░░░░░ s a problem here ░░░░░░░░ home already They re ░░░░░░░░ The U S the ░░░░░░░░ American in the U ░░░░░░░░ is seeing the pain ░░░░░░░░ up exponentially it feels ░░░░░░░░ And yes the president ░░░░░░░░ agreed to release another ░░░░░░░░ million barrels from the ░░░░░░░░ Petroleum Reserve Why not ░░░░░░░░ up domestic production in ░░░░░░░░ short term to kind ░░░░░░░░ weather the storm RICHMOND ░░░░░░░░ I ll tell you ░░░░░░░░ I think that many ░░░░░░░░ may say that that ░░░░░░░░ a solution but we ░░░░░░░░ put a solution on ░░░░░░░░ table and that is ░░░░░░░░ pass legislation that will ░░░░░░░░ Americans every day costs ░░░░░░░░ their health care If ░░░░░░░░ pass our climate agenda ░░░░░░░░ would lower energy prices ░░░░░░░░ the average American family ░░░░░░░░ 500 a month We ░░░░░░░░ reduce the expenses that ░░░░░░░░ re paying for child ░░░░░░░░ which on average is ░░░░░░░░ 14 000 a year ░░░░░░░░ we would cap it ░░░░░░░░ 7 percent of income ░░░░░░░░ would limit the amount ░░░░░░░░ people would pay for ░░░░░░░░ drugs insulin for example ░░░░░░░░ d cap it at ░░░░░░░░ Those things would ease ░░░░░░░░ CABRERA Respectfully those are ░░░░░░░░ ideas to ease the ░░░░░░░░ on Americans but those ░░░░░░░░ months away if ever ░░░░░░░░ know that was part ░░░░░░░░ the RICHMOND Well they ░░░░░░░░ t have to be ░░░░░░░░ Build Back Better legislation ░░░░░░░░ Joe Manchin rejected and ░░░░░░░░ even Democrats I know ░░░░░░░░ are united against it ░░░░░░░░ even Democrats aren t ░░░░░░░░ on the same page ░░░░░░░░ What can be done ░░░░░░░░ this moment when you ░░░░░░░░ to have some kind ░░░░░░░░ relief RICHMOND Well well ░░░░░░░░ I think CABRERA more ░░░░░░░░ RICHMOND I think there ░░░░░░░░ a there s a ░░░░░░░░ sitting in the Senate ░░░░░░░░ say it s months ░░░░░░░░ I don t think ░░░░░░░░ has to be months ░░░░░░░░ So I just disagree ░░░░░░░░ your assertion in the ░░░░░░░░ place but if you ░░░░░░░░ those pieces of legislation ░░░░░░░░ CABRERA But is there ░░░░░░░░ indication that Joe Manchin ░░░░░░░░ changed his mind because ░░░░░░░░ those that amount of ░░░░░░░░ CABRERA as of last ░░░░░░░░ he said he hadn ░░░░░░░░ changed his mind?”