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reporter: but the president is laughing off questions about what exactly he gains by being so cozy. coming under a lot of fire for your fist bump with the crown prince. [laughter] are i want to give you a chance to respond to that, but also how can you be sure another murder or like that won t happen again in. ■ç god love you, what a silly question. i just made it clear if anything like that occurs again, he ll get that response and much more. reporter: president biden said the big takeaway from his meeting with the crown prince and others here in jeddah was a commitment between the u.s. and saudi arabia to clean energy in the future. he did also say that the saudis agreed to increase oil production here, but the prices back here at home might not go down for several weeks. back to you. will: hey, peter, i d love to ask you■ç this, it was clearly coordinated. that had to have been something that was discussed ahead of time to see that entire reception l ....
Environment, you re going to :4 can, and that s to do it right here where we are well regulated and committed to environmental safety. and that s just not the case anywhere else that you go in the world. i can t believe that a we we would rather produce if it in another way than produce it right here and do it in the cleanest possible. will: so, tim, help us find aha answer. why would the biden administration go to saudi arabia, ask for higher production when, as mike points out, you have more proven if are reserves, you can produce if it more cleanly here in the united states? will, it s because the president is loathe to admit we re bigger than saudi arabia and we re bigger than russia. and it s really, really hard for the administration to admit that fact. and so they use foreign policy as a point of weakness, unfortunately. you know, i it s the really unfortunate that ....
Mike, can we just talk for a moment about united states as compared to saudi arabia? production, reserves, nature of the production and how clean it is as compared to saudi arabia, just give me a side by side comparison, if you could. well, the energy information agency, which is our government s own estimate of we have 6 billion barrels or 12 billion barrels of oil yet to be produced here in the permian. and in the united states, i think it s 36 billion barrels of oil. sost right here, and so it s right here and it s proven. we know it s here, it s been producing for a hundred years. we produce if more safely, and we do it with american jobs, and we pay american taxes. that grows our economy, creates a tremendous amount of value is. the main comparison i would make between the two is if you were really concerned about the ....
It can cause us to lead the world and help our country. so let s acknowledge that and move forward together to develop all of these resources. if they would acknowledge that, i think it would make a huge 1ñ@>#2tq chain out here. will: well, mike, i m going to be honest, i wouldn t hold your breath. that s a huge admission and a complete 180 from the perspective we ve seen for quite only time. mike, tim, thank you both for getting up with us this morning and shedding some light on the industry. thank you. thanks, will. will: pete, over to you. pete: well done. fist bump to you. turning now to your headlines, mexico nabs the fbi s most wanted cartel boss, rafael quintero, convicted of taking part in the 1985 killing of a dea agent. his torture, kidnapping and tpítátn+u÷■lhxp 1 flashpoint in the violent war on ....