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You and stop supporting policies to remove financing from energy investments and all the investigations the house democrats are doing, all these things have to stop. todd: okay, building upon that, you heard the president mention, all the oil and gas companies have leases, it is about more than the leases. it is about the regulations. what do oil and gas companies need from the white house when it comes to regulations, specifically removing regulations before they can have the confidence to ramp up oil and gas production so that a couple of years from now issue the white house doesn t say, we will not do that anymore and all these companies invested millions for naught? yes, well, i think that is absolutely right. the run-up in prices is going to increase production. the fact is anybody that has potential production will try to produce it now because price has ....
todd: welcome back. the global supply chain crisis is about to get a lot worse. hundreds of ships are trapped after bangladesh cargo ship was struck by russian missile, killing one and leaving others with severe injuries, that blocked the port and ships can t get out. it is estimated 3500 sailors are stuck on 200 ships at ukrainian ports. more ships are stranded around the globe now than any point since world war ii. think about that for a moment. president biden s ban on russian oil emphasizes need to increase domestic energy production. listen. this administration needed to do more, industry has recognized western europe s dependency on russian energy has been growing. same time discouraging american production certainly something ....
Climate change, covid, inflation. once you see that, you can t unseen it. todd: director of competitive center for energy and environment right now. myron, great to have you on the program. what are key points biden got wrong in his speech yesterday, in your opinion? i think the president is completely wrong in saying he s going to try to sweet talk saudi arabia or venezuela or iran into producing more oil and gas. the first people he should be talking to are america s oil and gas industry. we re the world s energy superpower, but president biden and democrats in congress have been doing everything they can to depress u.s. production, to cut it. this is one reason why the price of gasoline and diesel has gone up since he took office. carley: without a doubt and now new reporting from the wall street journal the biden ....
well, as of yesterday morning at our conference meeting, we understood some would be used for weapons and to help the ukrainians, it would be used to help those who are fleeing the country and that is important. keep in mind, the package explained to us at conference yesterday, yes, that package i think we can support and i can support and it included the amendment and increase in defense spending f. none of that changed during the day and it remained same, i think that is something we can coalesce around. carley: there is a big conversation, back and forth going on about the mig fighter jets, developed overnight. do you have any thoughts on that? biden administration and pentagon saying they don t want fighter jets to be dropped at u.s. air base in germany to be sent to ukraine, but volodymyr ....
Going through the roof, that is a tax and yesterday during president biden s speech, he said best way to cut energy cost is to go electric, buy electric vehicles, the president s solution to this is for people who can t put gas in their car to buy a $60,000 electric vehicle, how is that realistic? it is not realistic and joe biden is not living in a realistic world. this is ridiculous to think someone could afford that. mr. president, we need you to do the right thing, it is never too late to do the right thing, turn the switch on, unleash the energy resources that we have ark bunkedance of in america, let s drill here. carley: you have legislation that would restart the keystone xl pipeline. the pipeline was run by a canadian company, how would you go about doing that? well, certainly we could pick up where we left off and it ....