Opec Doesn T News Today

well go to nbcs priscilla thompson, whos joining me now from outside the uvalde civic center. priscilla, welcome. first of, all have you seen the report? what do you know about it so far? and what are you hearing from parents? >> good afternoon, alex. we have not yet seen that report. we do expect, however -- but we do know, i should say, is not for the past several weeks the committee members have been speaking to witnesses, they have been speaking to law enforcement and even visiting...

Repeatedly violated the law of war in yemen. they killed journalist jamal khashoggi. at the same, time oil prices are really high and the president of the united states is trying to reduce oil prices. part of which is set on the world market. so, im not going to criticize president biden for trying to reduce oil prices. hes going to one of the countries that produces a lot of oil. so, i think its proving that the president is trying to reduce oil prices. >> absolutely. but we, know as a presiden...

For $50 worth of gas. nationwide on average, gas prices are down a few cents from last weeks record high but that relief may only be temporary and things still could get worse. the international energy agency is warning the global oil market could face its biggest supply crisis in decades if opec doesnt increase its output. secondly, the worlds battered supply chain is facing yet another threat apart from the war in ukraine. china is facing its worst covid outbreak since the early days of the pa...

Go higher. talk about the real world impact that joe bidens energy policies are having on prices, not just crude oil but gasoline at the pump. >> what is happening is hes causing prices to go higher because hes telling people dont invest in oil. that is one of the things that were seeing. were seeing one of the biggest pull-backs in energy investment. people are not planning for oil today because president biden says well be off it. opec doesnt believe it. theyll benefit from the u.s. retraction...

Market. by the way, we could be creating manufacturing jobs and building the economy and bringing in more tax revenue. we are really handing a gift to the enemies. >> opec, the enemy, is winning, steve. >> its winning the obama administration which doesnt like oil and gas. opec is overrated. when the dollar is strong, prices go down. when the dollar is weak, prices go up. what we have here is -- liz is right -- the obama administration is blocking the development of our natural gas industry. >> ...

Demand for oil. everybody remembers $4 gas in the summer of 2008. >> right. >> what most people dont remember is gas was $1.60 by the end of 2008. >> are you telling me that opec doesnt like where things stand right now. >> opec clearly controls the supply of oil, and i think they are prelt we happy where things are. to them prices are in the middle right now because if you think they were $150 a barrel in 2008. they are now about $110 per barrel so i think opec is probably pretty happy with whe...

Airlines. they are heating oil companies. >> bill: i understand. >> those are people who are locking in the price now so they know what the price going to pay in the future. >> bill: goes up if it goes down they will lose. >> whats wrong with that? >> bill: might not be anything wrong with it. its artificial move. not a supply and demand move. opec doesnt have to raise the price of oil. it raises it in concert with the speculators. it just raises it. it doesnt have to because they have got plent...

Airlines. they are heating oil companies. >> bill: i understand. >> those are people who are locking in the price now so they know what the price going to pay in the future. >> bill: goes up if it goes down they will lose. >> whats wrong with that? >> bill: might not be anything wrong with it. its artificial move. not a supply and demand move. opec doesnt have to raise the price of oil. it raises it in concert with the speculators. it just raises it. it doesnt have to because they have got plent...

They are heating oil companies. >> bill: i understand. >> those are people who are locking in the price now so they know what the price going to pay in the future. >> bill: goes up if it goes down they will lose. >> whats wrong with that? >> bill: might not be anything wrong with it. its artificial move. not a supply and demand move. opec doesnt have to raise the price of oil. it raises it in concert with the speculators. it just raises it. it doesnt have to because they have got plenty of suppl...