Stay updated with breaking news from Oil isn t. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
broken, spending a lot of money, and all the news reports were about how these guys in the hills were taking down their helicopters, again, with u.s. help. those were stinger missiles launched that were provided by the united states. but the same thing happened in chechnya. these young russian soldiers are coming home in body bags and parents are saying what exactly are we fighting for again? what is this? why are we there? and that's sort of the issue here in ukraine. there are a lot of russians who didn't give two hoots about wroouk. they weren't interested in taking it over. russia like america is subject to cable tv and propaganda and of course rules about what you can and can't say. you still can't call this a war in russia. there's a lot of brain washing going on. a lot of people who can't explain why the prices are going up, why their oil isn't sold, why they can't go to mcdonald's examine, why they can't trade with other countries, and everybody is starting to know somebody whose son came back in a body bag. but we don't know what happens
intentional. they are intentionally reducing our ability to produce oil and gas in the united states. they will beg opec for more oil, they will beg maduro for oil. i guess maduro's oil isn't pollute but ours does. it's -- it's attributable to biden policies. he was warned by larry summers and other democratic economists that if you do this, you will spark inflation. we have people that may be making 7 to 8 percent more year over year, but if inflation costs are over 0% when you look at things that really matter.
intentional. they are intentionally reducing our ability to produce oil and gas in the united states. they will beg opec for more oil, they will beg maduro for oil. i guess maduro's oil isn't pollute but ours does. it's -- it's attributable to biden policies. he was warned by larry summers and other democratic economists that if you do this, you will spark inflation. we have people that may be making 7 to 8 percent more year over year, but if inflation costs are over 0% when you look
say. the reason gas prices are going up is because of ukraine. it's all about the war. but americans aren't that stupid, they put gas in their tanks, they know what they paid before the war. >> greg: they are trying to ban domestic drilling as they say it is a putin price hike. that is like kicking someone in the head and blaming it on the donkey down the road. no, the price tag is a consequence of biden inflation. how do you know that? because oil isn't the only thing going up. baby food, bacon, furniture, bedding, watches, jewelry. that is all going up. if it was gas you could say there may may become of this, that and the other. no, it's all of these things. but the weirdest contradiction is that the dems are blaming putin for gas inflation but they already wanted it to go up. shouldn't they be thanking him for helping reduce our carbon emissions? because after all, it was russia who infiltrated the green groups to get us off our domestic oil
the biden administration will repeat the mistakes made in europe off the quick change off of oil. they are starting to engage in the us energy industry, they haven't done that for the entire administration. maybe that will talk some sense to them and we can get prices cooled off. david: prices came down a couple pennies off the pump and president biden is taking credit for that saying it is because he sold off part of the strategic reserves. any truth to that? >> i'm afraid not. any expert in the world will you that oil isn't even in the market or refineries right now but what brought prices on was the fear of the omicron variant. people were afraid to travel. we saw the fear that demand would drop but i'm afraid that's not going to happen. will be here on early returns on holiday travel is going to be stronger than people think. gasoline prices might go back up after the holidays as opposed to the short-term downtrend we have seen.
they go up as they do in 2021. >> they will continue to go up, prices will go up. >> supplies of new homes, lumber prices and labor costs are skyhigh, isn't it easier to buy an existing home. >> many sellers want to sell but they have nowhere to go. you do have empty nesters because they will downsize but the biggest challenge becomes where do they go, and the taxes get reassessed when you purchase a new home. if you are buying a new home you gain more taxes. people want to sell and don't know where to go and give and
pump on the very same day the united states senate votes to blast the saudis over reporters in the murder, in definitely means this whole dust up gets worse. let's say oil is well that is not ending will. that oil isn't the only thing that is slippery. so today we drill, you decide. peter doocy on capitol hill on the saudi's slap to a president. blake burman at the white house on whether the president is slappi slappi slapping black. peter? >> the administration is wanting to reshape the situation with saudi arabia. but congress called out the crown prince, say they blamed him for jamal khaishoggi's murder. that is the most dramatic action that they've taken yet. >> as a result of what the
everyone of how needful they are in this relationship. remember, oil isn't what it used to be. and so they need us. for example, their military isn't that proficient yet. remember, their style has been to pay others -- >> proxies. >> -- to fight for them rather than to fight for themselves. they need to get better so that they can fight for themselves. >> but the administration says they're going to buy these weapons from other people if not us. >> yeah, look, i'm a big supporter of arm sales. but arm sales aren't a gift we give to other people, it is a transaction. now, i'd call the bluff on that. i would advise the president he shouldn't feel -- they don't want chinese and russian stuff. it's not as good as ours. it won't mix well with our stuff. it will endanger support in the united states for the things they already have. they're not going to go anywhere
for the middle east, gone. billions of dollars and weapons, gone. jobs by the thousands and thousands, gone, so be careful. >> you should always be careful. but in state craft, things are never walk away or give in. you lose -- you use the leverage that you have. we have substantial leverage over the saudis. this gives us even more leverage. >> more? >> yes, because they're in a disadvantaged situation with respect to us and it is bared to everyone of how needful they are in this relationship. remember, oil isn't what it used to be. and so they need us. for example, their military isn't that proficient yet. remember, their style has been to pay others -- >> proxies. >> -- to fight for them rather than to fight for themselves. they need to get better so that
. unless he doesn't pay it back it's impossible to run public transport from ticket sales. prices go up every day our oil used to cost one hundred seventy five thousand body bags now it's nine hundred thousand. oil isn't even sold in its original cans but siphoned into soda bottles. because they were forced to pay these exorbitant prices to keep the buses running the tires are worn out and windows have been smashed least we used to have a three hundred buses now we only have thirty being able to receive the holy hour sometimes the tires burst under the passenger's weight i don't know but there is an authentic beach up all about. the massive. i. think said would be that