brian: how much have you lost betting on horses. carley: i have never bet money. should i start? carley: pro-gambling. brian: $40 million lost betting. pete: that will put extra pressure. rachel: amazing headline on the baby formula. how third world we have gotten. that s third world. they told moms and dads just dilute your formula, add some water because there are shortages. did you ever think that would happen in america? pete: no. rachel: it s insanity and stressful for parents and up 20% by the way. formula. carley: one of my girlfriends was telling me about it hitting people hard. brian: if you have similac drop it off or share it. pete: or put it on ebay. maybe not. don t price gouge. if you have extra, share.
day doesn t control the gas prices at the pump. that s up to the refineries. at the end of the day, this can only do so much, and have so much impact. also, they argue that this tax is critical, it s necessary to fixing roads, bridges, highways, and if they cut this tax, those costs would, overtime at a. this could eventually come a huge sum of money that we d have to fork over for these repairs. other democrats saying the real enemies are the oil and gas companies who are taking advantages of worldwide inflation. their price gouging. listen to it house speaker nancy pelosi had to say about this, this week. this time, in this time of war, there s no excuse for big oil companies to protect, to profiteer, to price gouge or exploit families. that is why democrats are moving forward with forceful action that will stop and hold accountable oil and gas companies for profiteering and
build more affordable housing. but it will be years before that happens. what about big business, stephanie? elizabeth warren was wondering whether some of these big businesses have used the pandemic as cover to raise prices. if that is the case, is it likely those prices are going to come down? okay, here s the more important thing. if that is the case, it s legal. this is how supply and demand works. what elizabeth warren is really getting at, should we be looking at some of these industries and monopolistic behavior. that s why the administration is taking a look at meat processing, right? look at small farmers in this country and what s been happening to them over years. now you only have a few meat processing conglomerates. they squeeze out the little guy, they overcharge at the grocery store and they re the ones running away, ha ha ha, with the farm. this is about do they have the ability to price gouge. right now they do. we don t like it but it s legal.
can do can help bring a cease-fire so that we can find a resolution. i still believe in peace. i still believe in diplomacy. i know that there are many who have given up on this. but i know that the ukrainian people just want to be free. and they need to go back to their business as a sovereign, democratic nation. we cannot leave them alone. by the way, just for our audience, swift is basically that little code you put in if you want to send money overseas. it s like the code that you put in. that s what s swift s, it is not a bank. just to be clear. the president today admonished and warned u.s. oil companies not to price gouge. because we know that oil prices will probably go up. the price of oil is going to go up because of the conflict. russia is a major oil supplier. is there anything that congress can do to ensure that we don t have for the price gouging, which i have to say, has been a big part of what we have been calling inflation? there has been a lot of price pushing by u.
to all of these big oil and gas companies this is not a time to price gouge. that is hugely popular politically. nobody likes the big guy. but when it comes down to it, how do we actually judge that? because these companies are going to say we are facing higher prices, this is how it works. how do we evaluate it, and then execute on it? they are going to say. that there is probably some truth to it. there is a lot of components and gas prices, financing is going to get tighter, they are going to have much tougher terms in their lenders, and collateral s are not worth what it used to be. so, there is a lot of financial input into that. i think it will be very hard. it is honestly a political question that will be a topic for the midterms, and how long this goes on. teasing of the inputs to gas prices is very hard to do. in the short term, russia is going to now have a whole bunch of content. oil and gas on the cheap. any chance we see india and china come out and buy it? thus far, w