governor kristi noem officially endorses president trump. alexandria of has the latest from the campaign trail. reporter: today s centerpiece competition is between the hawkeyes and the cyclones, but the political division is on display as well. moments ago vivek ramaswamy arriving to tailgate outside of jack trice the stadium in ames, iowa, in the soldout cy-hawk trophy if game. former governor ron desantis and former governor asa hutchinson expected to arrive soon as well. form you are president trump former president trump is expected closer to kickoff. our record on the economy is unmatched in the history of our country, so it s no wonder we re up very big in the polls, leading all republicans in the primary by massive numbers and crushing crooked joe biden in the general election. reporter: g if op competitor north dakota governor doug burgum was also in iowa this morning speaking at a pregame gop presidential rally. asa hutchinson spoke there as well and fired b
steep business cycles where times are good and not so good. we see that same cycle as consumers do and other businesses do. but i think the way to look at this is, just making sure that there s adequate supply there in the market and doing everything we can to make sure it s there. on the subsidy question, where we need to have a serious conversation of where does the revenue flow from this industry come from where it goes into the government. the big money comes from royalties and bonuses that we pay as we buy new leases. so let me give you an example. in alaska where we bought a number of leases to drilloff shore, we have some independent studies that show pursuing those projects would create something on the order of 50,000 jobs in the u.s. and it would result in something like 140 or more billion dollars of revenue know in flow into the federal government. finding ways to produce our oil and gas is the way to get
they show no signs of slowing down. every day this month they ve been up. the national average for a gallon of unreaded regular gas is up 25 cents and nearly a dollar since a year ago. some cities it s almost $4. we have the right man to ask, a lot to talk to him, marvin odom the president of shell oil company joins us live from houston. welcome to the program. good to see you, christine. is it going to cost me 51 bucks to fill up the minivan in the next few weeks? tell me why oil prices which keep going up and gas prices which keep going up are up so much. you run an oil company. why are they up so much? that s an interesting question because there s adequate supply of oil in the market, so that actually hasn t changed how much, how much supply relative to the demand. what s happening with the price those that buy volumes of oil around the world are looking at the risks they see, the disruption in the middle east, they think about, you know, with economies in the far east recove