los angeles. good to have you with us, ron. so as a presidential candidate, biden said he would isolate saudi arabia, but with the record high gas prices we re seeing, he went for help, a boost in production. what did he come home with? was the trip worth it? look, the desire to isolate pariah regimes through american history runs up against national self-interest on a regular basis. and joe biden is not the first or the last president who will face this contradiction or this collision between his desire to assert american values and what he perceives to be american interests at the time. certainly the war in ukraine has put an enormous strain on world oil markets and pushed gas prices to a level that are that is extremely politically excruciating for the party holding the white house. so it was perhaps inevitable that he would be asking saudi
house? well, i think i was more of a trump slogan, a bit of bravado. the us, of course, is a major world producer of oil and energy, but it is not like the us did not import energy products. russia, for instance, accounts for, like, before the war, accounted for about 8% of us oil imports. the us is tightly integrated with world oil markets. i think that was a bit of a misnomer. it is being used by republicans to attack biden on the right. you know, you really needs to do something ahead of the midterms to try to show that he is responding to these rising energy prices. four months or so away. abdel, the relationship between, in particular, mohammed bin salman and trump is very close, not least because of the personal relationship
the amount that russia might produce and be taken out by sanctions by the end of the year, but it is not going to move the dial much in terms of prices at the pump, so to speak. it raises a question in my mind, what happened to energy independence, which was something donald trump boasted about when he was in the white house? well, i think i was more of a trump slogan, a bit of bravado. the us of course is a major world producer of oil and energy, but it is not like the us did not import energy products. russia, for instance, accounts for, like, before the war, accounted for about 8% of us oil imports. the us is tightly integrated with world oil markets. i think that was a bit of a misnomer. it is being used by republicans to attack biden on the right. you know, you really needs to do something ahead of the midterms to try to show that he is responding
energy products. russia, for instance, accounts for, like, before the war accounted for about 8% of us oil imports. the us is tightly integrated with world oil markets. i think that was a bit of a misnomer. it is being used by republicans to attack biden on the right. you know, you really needs to do something ahead of the midterms to try to show that he is responding to these rising energy prices. for that he is responding to these rising energy prices. for months or so awa . rising energy prices. for months or so away- the rising energy prices. for months or so away. the relationship - rising energy prices. for months or| so away. the relationship between, in particular, mohammed bin salman and trump is very close, not least because of the personal relationship between him and the president s son in law. we do not think the saudis can offer much, are they pleased about this visit? 0r saudis can offer much, are they pleased about this visit? or do they
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