administration that indeed scrapped major u.s. oil pipeline projects and even tried to halt new drilling leases which obviously would reduce the global supply of energy. that said, it is a bit of a supply surprise to some that there s been bipartisan agreement that maybe it s high time for the u.s. to stop getting energy from russia, even nancy plosey saying, quote, i m all for it. ban it, speaking of ending the import of russian oil to the u.s. mean while, today the white house announced more sanctions, part of a nato pressure campaign against putin s inner circle, the latest round targeting members of seven influential families in russia. remember that country has lots of billionaires. those folks will be cut off from the u.s. financial system, their assets will be frozen here in the u.s., and their property will be blocked from use. severe economic sanctions on putin and all those folks around him, choking off access to
for it, sandra. i just heard jen psaki in the press conference come back with the same old tired talking point that you know, oil companies aren t drilling on the leases that they have and that shows a total misunderstanding on how oil leases work. number one, of course, they went out and bought leases and then all of a sudden the environmentallists went to the court, biden court, said put on a new drilling moratorium to look at that, and misunderstanding of how the leases work. it s sort of like you buy a subdivision to build houses but not all the properties on there are buyable. kind of what happens in these drilling leases, might dry a whole big lot but only 2 or 3 are viable. they need to stop that talking point, it misleads the american people. sandra: it s an easy one. shut down people when they use it. something else i want to ask you about, i went down a deep hole this morning trying to report on that, you put me in touch of
so i m going to investigate that do you think we should investigate that? well, you know, i have been fortunate enough to set on three different congressional hearings about this problem this year. and, you know, that doesn t need to be investigated. but a lot of the democratic members, they bring up the fact that yeah, we canceled new drilling leases. but you have got millions of acres you could be drilling on. that s true. but the way they have chosen a tact industry, is the transportation side of it they are making it harder to build pipelines no, energy company is going to spend the time to drill if they can t move the product. brian: when you can t drill on federal lands, what does it do to a state like new mexico? well, new mexico and north dakota, you know, that s some of their biggest tax revenue comes from oil and gas. you are not only hurting the public with higher, you know, energy prices. you are hurting school districts. social programs that depend on these tax revenue
have stopped drilling leases for people. they have talk now about the fact they may unleash from the strategic petroleum reserve which is supposed to be for super duper catastrophic events where we can t get oil out of the middle east and that kind of thing. people get it and the insiders in oil and gas are saying no thank you. you ve been talking about destroying us, we re not going to work with you, we don t have an appetite. get a four year contract or longer commitments. get something it. cried is $80 a barrel for the first time in seven years so these guys don t want to play the game when they have an administration that says we want to get rid of you. jesse: that s a tough line from biden when he was running that says if you see empty shelves it s a failure of leadership. i can see that running in any different in the midterm. the midterms are going to be tough. they were going to be tough even if we had had an easy recovery. actually it s what history dictates about a pr
have stopped drilling leases for people. they have talk now about the fact they may unleash from the strategic petroleum reserve which is supposed to be for super duper catastrophic events where we can t get oil out of the middle east and that kind of thing. people get it and the insiders in oil and gas are saying no thank you. you ve been talking about destroying us, we re not going to work with you, we don t have an appetite. get a four year contract or longer commitments. get something it. cried is $80 a barrel for the first time in seven years so these guys don t want to play the game when they have an administration that says we want to get rid of you. jesse: that s a tough line from biden when he was running that says if you see empty shelves it s a failure of leadership. i can see that running in any different in the midterm. the midterms are going to be tough. they were going to be tough even if we had had an easy recovery. actually it s what history dictates about a pr