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Transcripts for FOXNEWS Cavuto Live 20220115 15:37:00

look at productivity. gdp this year s going to be 4%, the economy is going to suck up oil from demand. global productivity is projected to be 4.5% global gk p gdp which means demand is going to come back strongly. the problem is we don t have the production capacity. we can t start producing that much that quickly. that s why the biden administration has recently asked energy companies here in the u.s. to do what? increase production. who would have thought that, right? edward: so that s how you do it? i guess, how do you do it? how do we get back to the energy independence that we had? well, we have to, obviously, start producing more. the rig count is down 30-40% from the trump era til today, and a lot of that was caused by covid. but it means that companies are producing more with less expense because their cash they re cash flow driven, they re not looking at growth and production. so we have to reincentivize the

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