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
independence? i think that was more of a trump slogan, a independence? i think that was more of a trump slogan, a bit independence? i think that was more of a trump slogan, a bit of independence? i think that was more of a trump slogan, a bit of bravado, | of a trump 5logan, a bit of bravado, divorced from reality. the us is a major world producer of oil and energy, but it s not like the us import energy product5 did not import. ru55ia, import energy product5 did not import. russia, for instance, accounts for about 8% of us oil imports. the us is tightly integrated with world oil markets, 5o integrated with world oil markets, so i think that was a bit of a misnomer and it s being used by republicans to attack biden. he really needs to do something ahead of the midterm5 to try to show that he is responding to these rising energy. he is responding to these rising ener: ., ., , ,, energy. the relationship between mohammed energy. the relationship between mohammed bin energ
future and if so, when? the president very much understands and we very much understand that we have uncomfortably high inflation and what we saw in the data this month is that month on month prices increased overall. the headline cpi increased 1% and about half of that was due to food and energy which can be directly tied to putin s invasion of ukraine. it s not just that, you know. the prices are rising. i get the world oil markets are up, but as you know, prices are rising for everything, used cars, rent. absolutely, and so and the president understands that, and so he has, like, he has emphasized and he s focused on this as part of his plan, i know this doesn t sound like a plan, but first and foremost he respects the independence of the federal reserve. prior presidents have tried to interfere with the actions of the federal reserve board as they try to address inflation for political reasons and this president has said he is not
selling oil. we as country over the last year took in roughly 12 to 26 million barrels a month. from russia. so the fact of russia on oil market broadly they cut their production in half. you know there could be a hole that can t be filled with world oil markets in current environment and that affects everybody which why the president was saying defending freedom abroad will have cost for us at home. we will feel it. brett thank you very much. we will see you tonight special report. brett thank you. thank you. thank you to all of our guests. don t forget brett has ukrainian foreign minister on tonight as well. one countries most controversy grass prosecutors scrambling to cover his tracks now even the left leaning los angeles times questioning the l.a. district attorney gascon and his dramatic about face after he learned what