stinger missiles that have been used to great effect in ukraine, highlighted his concerns about u.s. weapons stockpiles and the immediate to ramp up production. the need to ramp up production. the problem is we have consumed so much supply mt. first ten months of the war, we ve essentially used up 13 years worth of stinger production and 5 years worth of javelin production. so the question is, how are we going to resupply, restock the inventories. reporter: senator joni ernst addressed thish shaw of some republicans the issue of some republicans wanting to cut back on military aid to ukraine, explaining the danger of neo-isolationism and why the u.s. has to help ukraine firmly beat the russians. we should be pounding the bloody hell out of the russians through the ukrainians so that they can t pop their head back up and come back in another 5-10 is years. 5-10 years. if we re not helping the ukrainians win and is window
keynote speaker today. our chief national security correspondent jennifer griffin isn t moderating a panel there. she is live there joining us now with more comments and what more can you tell us? hi arthel. defense secretary lloyd austin just started speaking to the luncheon crowd here at the reagan national defense form. i just hosted a panel on the way ahead in ukraine and which greg hayes who is the ceo of raytheon and makes us a javelin missiles and the stinger missiles that have been so effective in the hands of the ukrainian, he explained and highlighted his concerns about u.s. weapon stockpiles and the need to ramp up production. the problem is we have consumed so much supply in the first tendons of the war have essentially used up 13 years of signal production in five years worth of javelin production. the question is how are we going to resupply or restock the inventories?
let us drill and streamline the process, we know you ve had less than anyone since eisenhower so this is the challenge that peter doocy offered to the press secretary about these oil companies. what is a reality? listen. you are asking oil companies to further lower gas prices. what makes you think they are going to listen to an administration that is ultimately trying to put them out of business? how is that it administration train with them out of business? they produce lots of fuels and the president says he wants to eat and fossil fuels. so, look. you asked this question yesterday and here s what we would say. u.s. oil production is up and on track to reach a record high next year. oil companies are raking in record profits while more than 9,000 approved drilling permits were remain untapped by the oil industry. there is no shortage of opportunity or incentive to ramp
produced 10% of the semiconductors excuse me, despite being the leader in chchip design as well as research. as we saw during the pandemic with factories that make these chips shut kdown, the global economy comes to a screeching halt, driving up costs for families and everyone, not just here but around the world. one-third of the core inflation last year was due to the higher price for automobiles for automobiles shortage of semiconductors. folks, we need to make these chips here in america to bring down everyday costs and create jobs. don t take my word for it. listen to some of the business leaders here today and across the country. they re making decisions right now about where to invest and ramp up production for these semiconductors. many are foreigners making investments, companies making deciding where in the world to go and have chosen the united
we barely produce 10% of the semiconductors excuse me. as we saw during the pandemic, the factories that make the chips shut down the global economy comes to a screeching halt driving up costs for families around the world. one third of the core inflation last year was due to the higher price for automobiles. for automobiles shortage of semiconductors. folks, we need to make the chips here in america to bring down every day costs and create jobs. don t take my word for it. listen to the business leaders. making decisions right now about where to invest and ramp up production. many are foreigners making