1 00:00:05,630 --> 00:00:02,750 here is our interview with Gregory 2 00:00:07,490 --> 00:00:05,640 wrightstone I want to take you what I 3 00:00:10,190 --> 00:00:07,500 see is the logical progression through 4 00:00:13,310 --> 00:00:10,200 the whole climate change question 5 00:00:15,709 --> 00:00:13,320 um but before we do do you are you able 6 00:00:19,070 --> 00:00:15,719 to comment just a bit on what's going on 7 00:00:21,230 --> 00:00:19,080 with Russia and Ukraine and and um and 8 00:00:23,390 --> 00:00:21,240 our energy production for instance 9 00:00:26,089 --> 00:00:23,400 you know just just today Biden came out 10 00:00:28,370 --> 00:00:26,099 I'm sure you heard and and is Banning 11 00:00:30,470 --> 00:00:28,380 Russian oil and there seems to be some 12 00:00:31,849 --> 00:00:30,480 dispute regarding some of the facts for 13 00:00:34,430 --> 00:00:31,859 instance the Biden Administration is 14 00:00:36,530 --> 00:00:34,440 saying that we produce more oil today 15 00:00:38,510 --> 00:00:36,540 than ever so this whole idea that Biden 16 00:00:41,990 --> 00:00:38,520 has done anything to limit 17 00:00:44,990 --> 00:00:42,000 oil production in America is just wrong 18 00:00:46,010 --> 00:00:45,000 can you address that oh sure 19 00:00:49,069 --> 00:00:46,020 um 20 00:00:52,010 --> 00:00:49,079 yeah what they've stated as fact is is 21 00:00:54,290 --> 00:00:52,020 easily proven uh it peaked in in late 20 22 00:00:56,510 --> 00:00:54,300 oil production the United States peaked 23 00:00:58,189 --> 00:00:56,520 in late 2019 and if we look and they're 24 00:00:58,790 --> 00:00:58,199 also blaming 25 00:01:01,010 --> 00:00:58,800 um 26 00:01:03,709 --> 00:01:01,020 they're saying well the reason gasoline 27 00:01:06,350 --> 00:01:03,719 prices were so low is because of this 28 00:01:09,710 --> 00:01:06,360 pandemic well I'm going to use my cheat 29 00:01:13,090 --> 00:01:09,720 sheet here in December of 2019. that's 30 00:01:16,370 --> 00:01:13,100 pre-coveted the economy is booming and 31 00:01:17,570 --> 00:01:16,380 gasoline prices were two dollars and 54 32 00:01:20,630 --> 00:01:17,580 cents 33 00:01:24,289 --> 00:01:20,640 when he took over they were two dollars 34 00:01:25,730 --> 00:01:24,299 and 38 cents slightly lower than than 35 00:01:27,590 --> 00:01:25,740 the pre-covered at the end of the 36 00:01:29,749 --> 00:01:27,600 pre-covered when he pulled out of 37 00:01:32,450 --> 00:01:29,759 Afghanistan there's three dollars and 15 38 00:01:34,850 --> 00:01:32,460 cents and today what is it 450 and 39 00:01:38,270 --> 00:01:34,860 Rising uh 40 00:01:41,390 --> 00:01:38,280 and we were before what when he took 41 00:01:44,450 --> 00:01:41,400 office that we could he was inaugurated 42 00:01:46,730 --> 00:01:44,460 uh it was the first week since 1985 that 43 00:01:49,249 --> 00:01:46,740 the United States had not imported one 44 00:01:51,830 --> 00:01:49,259 barrel of oil from Saudi Arabia the very 45 00:01:53,690 --> 00:01:51,840 first so we had finally after decades 46 00:01:55,910 --> 00:01:53,700 and Decades of working at it Trump 47 00:01:58,789 --> 00:01:55,920 freeing up the entrepreneurs in the oil 48 00:02:01,609 --> 00:01:58,799 patch to go get it we finally became 49 00:02:04,010 --> 00:02:01,619 nearly or possibly completely energy 50 00:02:06,170 --> 00:02:04,020 independent so say that again about 51 00:02:08,990 --> 00:02:06,180 Saudi Arabia that we were not buying 52 00:02:10,490 --> 00:02:09,000 from them that was the first week since 53 00:02:12,650 --> 00:02:10,500 1985 54 00:02:15,290 --> 00:02:12,660 that we had not bought one barrel of oil 55 00:02:17,750 --> 00:02:15,300 from Saudi Arabia the week he took over 56 00:02:19,369 --> 00:02:17,760 and it was inaugurated were we buying it 57 00:02:23,630 --> 00:02:19,379 from Russia 58 00:02:27,410 --> 00:02:23,640 yeah okay yeah I mean but but the Saudis 59 00:02:29,690 --> 00:02:27,420 were used to be one of our largest uh 60 00:02:31,970 --> 00:02:29,700 importers so we are producing so much in 61 00:02:34,970 --> 00:02:31,980 the U.S that we didn't need to buy from 62 00:02:37,309 --> 00:02:34,980 Saudi Arabia anymore right and then uh 63 00:02:39,890 --> 00:02:37,319 Biden takes over so let's talk about 64 00:02:43,670 --> 00:02:39,900 what are the factors driving up gas 65 00:02:45,650 --> 00:02:43,680 prices before the Ukraine war 66 00:02:48,229 --> 00:02:45,660 yeah we had 67 00:02:50,570 --> 00:02:48,239 we had problems with uh well number one 68 00:02:52,550 --> 00:02:50,580 we had with with covet it did drive oil 69 00:02:54,530 --> 00:02:52,560 prices down substantially because of 70 00:02:57,350 --> 00:02:54,540 demand component which slowed down 71 00:02:59,630 --> 00:02:57,360 drilling which then slowed down the new 72 00:03:01,009 --> 00:02:59,640 oil coming online uh that was probably 73 00:03:03,710 --> 00:03:01,019 the first thing but whenever he took 74 00:03:05,750 --> 00:03:03,720 office he made a series of decisions on 75 00:03:07,490 --> 00:03:05,760 his first day in office he did three 76 00:03:10,130 --> 00:03:07,500 things that were very impactful in oil 77 00:03:12,589 --> 00:03:10,140 prices uh one as everyone knows is the 78 00:03:13,869 --> 00:03:12,599 killing of the XL Pipeline which would 79 00:03:17,630 --> 00:03:13,879 have brought 80 00:03:19,550 --> 00:03:17,640 Canadian tar Sands oil 830 000 barrels 81 00:03:21,530 --> 00:03:19,560 into the United States 82 00:03:25,009 --> 00:03:21,540 um a fair portion of that still getting 83 00:03:26,589 --> 00:03:25,019 down via tanker trucks or tanker cars on 84 00:03:29,570 --> 00:03:26,599 rail 85 00:03:31,009 --> 00:03:29,580 but not nearly as much and as fast as 86 00:03:33,470 --> 00:03:31,019 what it would with the pipeline and that 87 00:03:36,890 --> 00:03:33,480 pipeline that he killed is the safest 88 00:03:38,809 --> 00:03:36,900 method of transportation by far of any 89 00:03:40,850 --> 00:03:38,819 way to move oil well also if you don't 90 00:03:43,369 --> 00:03:40,860 have trucks bringing it down then that 91 00:03:45,229 --> 00:03:43,379 would be fewer emissions wouldn't it 92 00:03:49,149 --> 00:03:45,239 it would in the trains that bring most 93 00:03:51,770 --> 00:03:49,159 of it also emit quite a bit but 94 00:03:54,949 --> 00:03:51,780 I'm okay with a big carbon footprint 95 00:03:56,869 --> 00:03:54,959 because if you'll learn really bullish 96 00:03:58,729 --> 00:03:56,879 on the many many benefits of carbon 97 00:04:02,270 --> 00:03:58,739 dioxide but the other two things he did 98 00:04:04,729 --> 00:04:02,280 that's very same day he killed XL he 99 00:04:09,130 --> 00:04:04,739 banned leasing in federal lands which is 100 00:04:11,869 --> 00:04:09,140 primarily uh Gulf of Mexico and Alaska 101 00:04:12,770 --> 00:04:11,879 that's just and just real quick is that 102 00:04:14,929 --> 00:04:12,780 a big deal or not because the 103 00:04:16,670 --> 00:04:14,939 administration is saying oh only only 10 104 00:04:19,969 --> 00:04:16,680 percent of U.S drilling comes on Federal 105 00:04:22,670 --> 00:04:19,979 Land yeah 10 is a lot that's a lot 106 00:04:24,650 --> 00:04:22,680 that's that's two million barrels a day 107 00:04:27,950 --> 00:04:24,660 come out of the Gulf Coast out of the 108 00:04:30,170 --> 00:04:27,960 gulf so yeah to say that 10 million 109 00:04:32,390 --> 00:04:30,180 barrels a day is not a lot of oil is 110 00:04:34,490 --> 00:04:32,400 again just being disingenuous now was he 111 00:04:38,270 --> 00:04:34,500 was that stopping new 112 00:04:39,650 --> 00:04:38,280 Wells or new so whatever's being 113 00:04:42,830 --> 00:04:39,660 produced right now continues to get 114 00:04:45,650 --> 00:04:42,840 produced okay right but you need to keep 115 00:04:46,909 --> 00:04:45,660 replenishing you're I'm probably telling 116 00:04:49,490 --> 00:04:46,919 you what you already know but with an 117 00:04:51,710 --> 00:04:49,500 oil well or a natural gas well your Peak 118 00:04:53,689 --> 00:04:51,720 production comes very early and then you 119 00:04:57,170 --> 00:04:53,699 have this kind of a hyper we have a 120 00:04:59,150 --> 00:04:57,180 hyperbolic decline where the decline is 121 00:05:01,189 --> 00:04:59,160 greatest at the beginning and then 122 00:05:03,469 --> 00:05:01,199 diminishes and flattens out but it keeps 123 00:05:05,990 --> 00:05:03,479 declining so it's that new the new wells 124 00:05:09,350 --> 00:05:06,000 coming online that produce the highest 125 00:05:11,510 --> 00:05:09,360 volumes of oil but but later he also 126 00:05:13,850 --> 00:05:11,520 banned Drilling in the Arctic National 127 00:05:16,730 --> 00:05:13,860 Wildlife Refuge thought to be the 128 00:05:19,010 --> 00:05:16,740 largest undeveloped uh oil accumulation 129 00:05:21,950 --> 00:05:19,020 in North America 130 00:05:24,830 --> 00:05:21,960 um and he also uh 131 00:05:26,330 --> 00:05:24,840 the band and I'm struggling here to 132 00:05:28,490 --> 00:05:26,340 think what the third thing was but it 133 00:05:30,409 --> 00:05:28,500 was oh uh yeah the band well it was it 134 00:05:32,629 --> 00:05:30,419 was that Arctic National Wildlife Refuge 135 00:05:35,629 --> 00:05:32,639 Leasing and federal property and Excel 136 00:05:38,210 --> 00:05:35,639 Pipeline and then last week he's been 137 00:05:39,529 --> 00:05:38,220 doing series of these things last week 138 00:05:42,409 --> 00:05:39,539 um he said we're not going to issue any 139 00:05:44,450 --> 00:05:42,419 new pipeline permits ferc Federal Energy 140 00:05:47,450 --> 00:05:44,460 Regulatory Commission no more new 141 00:05:49,610 --> 00:05:47,460 pipeline uh permits well if you can't 142 00:05:51,350 --> 00:05:49,620 build a pipeline particularly for 143 00:05:54,770 --> 00:05:51,360 tonight it's really mainly natural gas 144 00:05:56,629 --> 00:05:54,780 if you can't build that pipeline uh you 145 00:05:59,090 --> 00:05:56,639 can't bring the product to Market why 146 00:06:00,890 --> 00:05:59,100 drill the wells uh and last week he 147 00:06:04,129 --> 00:06:00,900 banned Drilling in the National 148 00:06:06,529 --> 00:06:04,139 Petroleum Reserve in Alaska which is it 149 00:06:08,629 --> 00:06:06,539 that Piggies backs onto the other and 150 00:06:11,629 --> 00:06:08,639 were development that's not going to 151 00:06:13,550 --> 00:06:11,639 happen because prude obey was the was 152 00:06:16,249 --> 00:06:13,560 the huge oil field in Alaska that we 153 00:06:18,710 --> 00:06:16,259 built the big pipeline South well prude 154 00:06:20,990 --> 00:06:18,720 obey is a significant decline now it's 155 00:06:23,510 --> 00:06:21,000 the pipeline is nearing its economic 156 00:06:25,670 --> 00:06:23,520 limit and and as the production 157 00:06:28,010 --> 00:06:25,680 continues to decline out of prude obey 158 00:06:30,170 --> 00:06:28,020 we're not that far from that pipeline 159 00:06:32,710 --> 00:06:30,180 reaching its economic limit we have to 160 00:06:35,090 --> 00:06:32,720 be decommissioned and when that occurs 161 00:06:37,490 --> 00:06:35,100 those other two fields we talked about 162 00:06:40,550 --> 00:06:37,500 or were giant supergiants actually 163 00:06:42,290 --> 00:06:40,560 probably that oil would have flowed 164 00:06:43,969 --> 00:06:42,300 through the pipeline we've extended the 165 00:06:47,450 --> 00:06:43,979 life of that pipeline for many many 166 00:06:49,909 --> 00:06:47,460 decades if those don't occur that 167 00:06:51,650 --> 00:06:49,919 pipeline will be decommissioned and and 168 00:06:54,469 --> 00:06:51,660 that all the remaining oil will be 169 00:06:56,150 --> 00:06:54,479 stranded probably forever so these are 170 00:06:59,809 --> 00:06:56,160 the things that piggyback one on the 171 00:07:03,189 --> 00:06:59,819 other bad decisions now lead to horrific 172 00:07:06,890 --> 00:07:03,199 consequences 5 10 20 years in the future 173 00:07:09,350 --> 00:07:06,900 what what was his justification for 174 00:07:10,249 --> 00:07:09,360 canceling the Excel pipeline climate 175 00:07:12,529 --> 00:07:10,259 change 176 00:07:13,850 --> 00:07:12,539 uh we're all going to die in 10 years 177 00:07:16,610 --> 00:07:13,860 the plan is going to be destroyed 178 00:07:19,969 --> 00:07:16,620 because of carbon dioxide emissions and 179 00:07:23,749 --> 00:07:19,979 and uh if we what what we're doing is 180 00:07:26,629 --> 00:07:23,759 enabling uh these dirty oil producers to 181 00:07:28,850 --> 00:07:26,639 produce more oil that'll lead to more 182 00:07:31,430 --> 00:07:28,860 carbon monoxide which will lead to more 183 00:07:33,830 --> 00:07:31,440 catastrophic warming and will perish 184 00:07:36,830 --> 00:07:33,840 quicker so that's that's the reasoning 185 00:07:39,830 --> 00:07:36,840 and it's false and let's let's State the 186 00:07:42,469 --> 00:07:39,840 obvious which is that for climate change 187 00:07:44,110 --> 00:07:42,479 activists which includes Joe Biden and 188 00:07:47,990 --> 00:07:44,120 Bernie's and his partner Bernie Sanders 189 00:07:51,469 --> 00:07:48,000 the higher the prices of gas are the 190 00:07:54,050 --> 00:07:51,479 better because suddenly wind and solar 191 00:07:56,629 --> 00:07:54,060 doesn't look as expensive as compared 192 00:07:58,670 --> 00:07:56,639 right yeah that's the Dirty Little 193 00:08:00,589 --> 00:07:58,680 Secret here this has been his plan all 194 00:08:03,950 --> 00:08:00,599 along this has been the you remember one 195 00:08:06,050 --> 00:08:03,960 of Obama said uh uh we're going to ban 196 00:08:07,730 --> 00:08:06,060 coal and we're going to ban oil and it's 197 00:08:10,730 --> 00:08:07,740 going to be it's going to lead to higher 198 00:08:13,249 --> 00:08:10,740 much much difficult and iron Danger you 199 00:08:14,809 --> 00:08:13,259 know higher costs for consumers he 200 00:08:16,670 --> 00:08:14,819 admitted that 201 00:08:19,010 --> 00:08:16,680 um and that's the Biden plan he stated 202 00:08:20,749 --> 00:08:19,020 it as a candidate and he stated it after 203 00:08:24,050 --> 00:08:20,759 he got elected and he started enacting 204 00:08:24,770 --> 00:08:24,060 it was we need to drive 205 00:08:28,249 --> 00:08:24,780 um 206 00:08:32,350 --> 00:08:28,259 all forms of energy from fossil fuel 207 00:08:34,909 --> 00:08:32,360 fossil fuels or fossil energy sources 208 00:08:36,350 --> 00:08:34,919 either if by creating from an 209 00:08:39,709 --> 00:08:36,360 electricity generation or for 210 00:08:42,230 --> 00:08:39,719 transportation we need in his his goal 211 00:08:45,110 --> 00:08:42,240 was to increase significantly the cost 212 00:08:47,750 --> 00:08:45,120 of oil and natural gas and any natural 213 00:08:51,170 --> 00:08:47,760 any electricity generator from it the 214 00:08:54,650 --> 00:08:51,180 plan was to do it using carbon taxation 215 00:08:57,110 --> 00:08:54,660 schemes carbon these faux conservatives 216 00:08:58,730 --> 00:08:57,120 uh like to call it carbon dividends 217 00:09:00,350 --> 00:08:58,740 because it sounds doesn't sound as bad 218 00:09:04,070 --> 00:09:00,360 but all of these things would have 219 00:09:06,070 --> 00:09:04,080 driven the costs of of oil gasoline 220 00:09:08,150 --> 00:09:06,080 natural gas 221 00:09:10,550 --> 00:09:08,160 significantly and what what this 222 00:09:13,120 --> 00:09:10,560 Ukrainian Invasion has done is just 223 00:09:14,449 --> 00:09:13,130 accelerated their timetable for 224 00:09:17,210 --> 00:09:14,459 [Applause] 225 00:09:19,550 --> 00:09:17,220 um for this great increase in prices 226 00:09:20,930 --> 00:09:19,560 this was their plan all along to get 227 00:09:23,329 --> 00:09:20,940 these prices where they are it's just 228 00:09:27,650 --> 00:09:23,339 been accelerated by a few years okay so 229 00:09:29,630 --> 00:09:27,660 then sorry how help explain then if 230 00:09:32,750 --> 00:09:29,640 Biden wants higher prices which I think 231 00:09:34,850 --> 00:09:32,760 you and I tend to agree on that why 232 00:09:37,430 --> 00:09:34,860 would did he hesitate for so long in 233 00:09:40,509 --> 00:09:37,440 Banning Russian gas he claims it's 234 00:09:43,070 --> 00:09:40,519 because I'm concerned about prices 235 00:09:45,110 --> 00:09:43,080 and uh I don't want to hurt the American 236 00:09:47,449 --> 00:09:45,120 people but it's that something doesn't 237 00:09:48,829 --> 00:09:47,459 make sense there let me just let me just 238 00:09:52,090 --> 00:09:48,839 correct you for a second there you said 239 00:09:55,370 --> 00:09:52,100 Russian gas it's really Russian oil okay 240 00:09:57,230 --> 00:09:55,380 so the Russian gas natural gas will be 241 00:09:59,509 --> 00:09:57,240 coming through the the pipeline that was 242 00:10:01,790 --> 00:09:59,519 constructed the Russian oils uh coming 243 00:10:06,829 --> 00:10:01,800 through various 244 00:10:12,009 --> 00:10:09,230 Banning Russian oil 245 00:10:16,750 --> 00:10:12,019 is likely not going to do a darn thing 246 00:10:19,430 --> 00:10:16,760 to decrease uh to to to affect our 247 00:10:21,350 --> 00:10:19,440 Global oil prices because oil is a 248 00:10:23,870 --> 00:10:21,360 fungible commodity and there are enough 249 00:10:26,750 --> 00:10:23,880 enough other countries that have already 250 00:10:28,430 --> 00:10:26,760 stated we'll buy all the oil Japan as 251 00:10:29,690 --> 00:10:28,440 just I think was yesterday said we're 252 00:10:31,670 --> 00:10:29,700 going to buy we're going to continue 253 00:10:34,310 --> 00:10:31,680 buying Russian oil and we may Step It Up 254 00:10:36,470 --> 00:10:34,320 China has has said they're going to buy 255 00:10:37,730 --> 00:10:36,480 Russian oil so 256 00:10:39,889 --> 00:10:37,740 um there are other people out there 257 00:10:42,949 --> 00:10:39,899 willing to buy it since it since oil is 258 00:10:46,009 --> 00:10:42,959 a fungible commodity uh it's in the 259 00:10:48,769 --> 00:10:46,019 worldwide stage a barrel of oil 260 00:10:50,930 --> 00:10:48,779 sold by Russia to Japan is really kind 261 00:10:53,569 --> 00:10:50,940 of the same as a barrel of oil so does 262 00:10:55,190 --> 00:10:53,579 at least for their for their purposes 263 00:10:58,250 --> 00:10:55,200 thank you again to Gregory wrightstone 264 00:11:00,170 --> 00:10:58,260 you can check out his book 265 00:11:02,150 --> 00:11:00,180 inconvenient facts the science that Al 266 00:11:04,190 --> 00:11:02,160 Gore doesn't want you to know wherever 267 00:11:06,889 --> 00:11:04,200 you get books also as I mentioned in the 268 00:11:09,590 --> 00:11:06,899 interview you can get it for free on 269 00:11:10,970 --> 00:11:09,600 Amazon as an audiobook thank you to our 270 00:11:12,710 --> 00:11:10,980 producer Michael Parker thank you all 271 00:11:22,930 --> 00:11:12,720 for listening we'll be back soon with 272 00:11:29,449 --> 00:11:26,990 you can find us at hiddentruthshow.com 273 00:11:30,490 --> 00:11:29,459 follow us on Facebook Twitter and 274 00:11:33,769 --> 00:11:30,500 Instagram 275 00:11:36,650 --> 00:11:33,779 show join us again next week for another