consumer, especially when there s a war going on and you have the oil companies trying to push it back on the president saying this is all about their policies make it political. sort it out for us. and i m by no means defending these companies, but it s not fair, do the right thing. do the right thing by whom? these companies are there to work for themselves, they re there to work for their shareholders. that s what they re doing. they re not a public service. the white house is shaming them. that might have some impact but likely probably not. most likely the white house is going to need to sit down with these companies and figure out is the white house willing to offer something, some sort of floor for them if things aren t profitable? and, again, i m not saying that s nice, i m not saying it s lovely. these companies don t have to play ball. while some are saying why is biden going to saudi arabia next month, why is he negotiating with them, all the things they ve done? that make
higher and higher. larry: that s part of it. they should be feeding supply. that s not the fed job. i mean, look you know, biden wants to tax excess profits, he s going to bring the national guard in to surround exxonmobil operation, probably march the national guard to midland, texas, a fully declared war. he would not give the supreme court justices protection but will bring in the national guard to attack the oil companies. i m making a joke here but pardon my cynicism, it s the most silly thing. open up the spigots, ok. that would be a big plus. stop attacking business. afl/cio meeting yesterday he talked about raising taxes on corporations. that s what he shouldn t do. sandra: unbelievable. larry: you need to increase the supply of goods and services in energy, and do it by lowering
lee. here is from others about this split. they play a major role in the release of petroleum products for the purposes of costs. yes, i think there is a reason to have those conversations. i don t see any evidence that the saudis are going to significantly lower gasoline prices. i wouldn t go and if i had to go to the country for some other reason, i wouldn t meet with the crowned prince. i think he should be shunned. bret: juan, the question is why not turn the spotlight on domestic oil energy and i asked that for the congresswoman. i have asked it to others, why not open the spigots here more than they are? i think there has been an attempt to open the spigots. the congresswoman indicated unused leases right there. i think the bigger picture is it wouldn t have short-term impact even if people took up the leases and started right now. what we are trying to do is deal with the fact that people are
right here? well, look, this is kabuki, political theater. you are not going to be able to solve energy prices but asking the saudis to turn on the spigot more. energy does not exactly work that way. yes, they can increase production marginally, but it took us a year and a half to get where we are by the administration taking virtually every step they could think of to reduce the amount of exploration for oil and gas in america. our production is less today than 2 or 3 years ago, and it s going to take some time to get out of there. there are not a lot of spigots around that you can just turn and have energy magically show up. karl, good to get your thoughts on all this. do us a favor, stick around for a few minutes, we have some more news we want you to react to. anita. anita: fox news alert now, d.o.j. indicting former trump adviser peter navarro on two counts of contempt, defied a
and they re trying to sugarcoatt it and people are going to see right through it. so was a terrible ploy. l i mean, look, you want to endfl inflation. we i ve w got a plan, okay? this will call it the kudlow hannity plan because you know, i think you re moving up the ladder to a b or a b plus in economics. no, i got toad grade bear las it week. it yeah, i m not picking it up here. i fixing it.yly but look at domestic spending freeze cut tax rates for supply side economic growth, open up the spigots for drilling of oil and gas and pipelines, deregulate business derate yeah, you can track deregulate all of business, stop these price controls and then protecting dollar. the fed is a t going to have too raise interest rates and take some cash out of the economy. that would be an anti inflation plan, but that s. not what you saw in the paper today. what you saw in the paper today is no gas production increases more build back better foron