Date
Summary
Nick Loris: Gas Price Spike, Could Be Key Factor in November’s Midterms
Subjects
Source
Fox Business Network

Name: Fox Business Network
URL: http://www.foxbusiness.com/index.html
Show
The Evening Edit

Name: The Evening Edit
URL: https://www.foxbusiness.com/shows/the-evening-edit
Persons
Liz MacDonald
, Nick Loris

Name: Liz MacDonald
Employment: Fox Business Network
Position: Anchor

Name: Nick Loris
Employment: C3 Solutions
Position: Executive Vice President of Policy
Event
Event location
–
Link
Not online media
Uploaded
10/05/2022 12:58 pm
Owner
Type
Video
Format
MP4 (1280x720)
Use clipper to adjust file type
Duration
0:03:49
Views
2
Purchases
0
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0
Transcript
Liz Grady Trimble thank ░░░░░░░░ so much Joining us ░░░░░░░░ energy pro Nick Loris ░░░░░░░░ c3 solutions You heard ░░░░░░░░ potentially two million barrels ░░░░░░░░ day cut How high ░░░░░░░░ gas get by the ░░░░░░░░ Yeah we could easily ░░░░░░░░ prices above 4 per ░░░░░░░░ again Right now the ░░░░░░░░ average is at 3 ░░░░░░░░ So it is not ░░░░░░░░ that prices could eclipse ░░░░░░░░ a gallon That really ░░░░░░░░ regular Americans are going ░░░░░░░░ struggle Every dollar that ░░░░░░░░ pay more at the ░░░░░░░░ means fewer dollars are ░░░░░░░░ for critical things like ░░░░░░░░ and health care Liz ░░░░░░░░ here is the thing ░░░░░░░░ is happening just months ░░░░░░░░ President Biden personally flew ░░░░░░░░ Saudi Arabia to say ░░░░░░░░ more but they rejected ░░░░░░░░ Does this all mean ░░░░░░░░ Biden should stop undercutting ░░░░░░░░ S oil and gas ░░░░░░░░ make the U S ░░░░░░░░ independent again Without a ░░░░░░░░ The solution is not ░░░░░░░░ foreign producers who are ░░░░░░░░ environmentally friendly than American ░░░░░░░░ to produce more it ░░░░░░░░ to produce more here ░░░░░░░░ home We have an ░░░░░░░░ of supply of oil ░░░░░░░░ natural gas of resources ░░░░░░░░ all of the above ░░░░░░░░ strategy should really focus ░░░░░░░░ providing affordable power that ░░░░░░░░ opening things up in ░░░░░░░░ not only for production ░░░░░░░░ transportation infrastructure oil pipelines ░░░░░░░░ well as refineries But ░░░░░░░░ energy policy is draining ░░░░░░░░ S petroleum stockpiles attack ░░░░░░░░ and pop gas stations ░░░░░░░░ he campaigned on getting ░░░░░░░░ of U S oil ░░░░░░░░ gas Nick you know ░░░░░░░░ gas was 2 40 ░░░░░░░░ gallon when he entered ░░░░░░░░ Now it is more ░░░░░░░░ double in states like ░░░░░░░░ under Biden Watch this ░░░░░░░░ are going to get ░░░░░░░░ of fossil fuels I ░░░░░░░░ you I guarranty you ░░░░░░░░ re going to end ░░░░░░░░ fuel Liz you know ░░░░░░░░ even former President Obama ░░░░░░░░ you know this after ░░░░░░░░ losses Obama stopped talking ░░░░░░░░ climate change Obama switched ░░░░░░░░ and all of the ░░░░░░░░ energy policy Even shamelessly ░░░░░░░░ credit for the fracking ░░░░░░░░ that Obama s own ░░░░░░░░ tried to stop That ░░░░░░░░ right That is because ░░░░░░░░ lowered prices for Americans ░░░░░░░░ it has been the ░░░░░░░░ beneficiary from emissions reduction ░░░░░░░░ this fracking revolution Liz ░░░░░░░░ nat gas is cleaner ░░░░░░░░ That is what voters ░░░░░░░░ about we saw with ░░░░░░░░ inflation jobs and economy ░░░░░░░░ at the top of ░░░░░░░░ again today and the ░░░░░░░░ way to create jobs ░░░░░░░░ lower prices to have ░░░░░░░░ production here at home ░░░░░░░░ I about the administration ░░░░░░░░ day one as taken ░░░░░░░░ with Keystone Keystone XL ░░░░░░░░ U S oil is ░░░░░░░░ welcome to the U ░░░░░░░░ Liz nothing drives people ░░░░░░░░ the point of the ░░░░░░░░ faster than gas prices ░░░░░░░░ ve seen this Nick ░░░░░░░░ says he is doing ░░░░░░░░ he can to increase ░░░░░░░░ as he drains 2 ░░░░░░░░ of oil from the ░░░░░░░░ That is meant for ░░░░░░░░ disasters not falling poll ░░░░░░░░ It is at the ░░░░░░░░ reserve in decades Will ░░░░░░░░ House have to buy ░░░░░░░░ at higher price and ░░░░░░░░ pay for it It ░░░░░░░░ cost double maybe triple ░░░░░░░░ fix his policy here ░░░░░░░░ hasn t meaningfully brought ░░░░░░░░ prices Should be used ░░░░░░░░ emergency purposes Blaming mom ░░░░░░░░ pop retail gasoline owners ░░░░░░░░ have no control over ░░░░░░░░ price that is dictated ░░░░░░░░ supply and demand In ░░░░░░░░ they want lower prices ░░░░░░░░ they make most of ░░░░░░░░ money getting people in ░░░░░░░░ doors buying snacks buying ░░░░░░░░ They have don t ░░░░░░░░ to keep prices high ░░░░░░░░ is nonsensical to blame ░░░░░░░░ business own years Nick, always
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