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Energy prices rose last year before putin. one of the most important things for the administration to have on the economy is credibility, and they are trying to blame gas taxes on putin. david also touched on the fed, and the administration also jen psaki said we need to listen to the fed. talk about that a second. the fed says inflation this year will run 2.5%. last month it came in year over year at 7.9. and if you look at the last three months alone, february, january, and december, 8.4. so it's accelerating. if we are going to be a 2.5% inflation for the year, and it's accelerating at this...

Inflation rate is 7.9% year-over-year. that's through the end of february. it's 8.4% in the last three months. december, january and february. the vast bulk of the increases in energy crisis have come before ukraine happened. will the fact that the russian oil reserves -- we import 3.7% of our average daily use comes from russian oil. so if we're no longer going to import that, will it have an effect on price, yes. the vast bulk of these price increases in gasoline are coming from the same place that the vast increases in other prices, prices for groceries and homes and that is that the united...

America and denying us that weapon. we should be using energy also as a weapon. we could also be using energy as a way to increase jobs in the united states and also inflow, inflow of dollars into the united states instead of american dollars going out to brutal regimes like venezuela and iran. >> todd: it makes no sense, congressman. but let's focus on the russian oil part of this for a moment. take a look at these numbers. canada, 51.3% of our oil and gas coming from canada, mexico 8.4%. russia 7.9. saudi arabia 5.1. i believe we will flip that on the screen in a second. my question to you, ...

Wish it to be otherwise it isn't so. 80% of our energy comes from fossil fuels. if you deprive an engine of fuel what happens? comes to a dead stop. the fear is that because of the real decrease, the genuine decrease in the amount of fossil fuels in the world. we'll get to the specifics in a minute. but that's causing our engine to run more slowly, even if we wanted to run full out as the pandemic is ending. without the fuel we can't. i've got just a list of things. solar generates 3.3% of u.s. energy. hydropower 7.3%. wind 8.4%. if you do the quick math it's 20%, a little less than 20%. more ...

That inflation is going to be at 8.4% by the end of the year, the rising cost of energy bills going up 50%, rising cost of fuel, everywhere you look, prices are rising. what could the chancellor do to help people? could the chancellor do to help eo - le? :, could the chancellor do to help --eole? :, , :, , people? there are several things. what he did _ people? there are several things. what he did do — people? there are several things. what he did do was _ people? there are several things. what he did do was increase i people? there are several things. what he did do was increase the l what...