we'll get into it with the head of the american petroleum institute. he has a lot to say. and this. >> putin is unpredictable. he is going to look for some kind of off ramp soon. it doesn't seem to be in his nature. it is hard to imagine he will accept less than half a loaf right now. >> harris: we don't have an idea what's in a kgb agent's nature other than killing. that's what we know. experts say putin is going all scorched earth on this and will now do anything to get ukraine to bend to him. lieutenant general keith kellogg in "focus" next. no one deserves the american dream of homeownership more than veterans. with the newday zero down home purchase loan, you can buy a home with no down payment. and they're still holding rates in the 2s. already own a home and need cash? the newday100 loan can get you up to $60,000 or more and lower your payments by $615 a month. take ten minutes right now and make the call. because no one knows veterans like newday usa. [upbeat music playing] ♪♪ welcome to home sweet weathertech home. a place where dirt stays outside. and floors are

i'm sick of letting the american petroleum institute's prevarication triumph over the truth. sick of watching americans deal with the climate crisis, did dirty air, with dirty water, with high gas prices just to help the oil companies make a buck by getting the highest price they can on the international market exporting american oil. now, the republicans push to use the crisis in ukraine to line big oil's pockets. it isn't about addressing inflation at home. it's about inflating fossil fuel profits for big oil and big gas. in 2021 as gasoline prices increased by over 50%, exxonmobil, chevron, bp recorded their biggest profits that they had seen in eight years. in 2015 before the republicans lifted the export ban, before the american petroleum institute got the congress to vote to lift the ban on the export of american oil, china imported 191,000 barrels of oil from the united states. now we send four times as much oil to china as we did back in the beginning of 2016 after the ban was lifted. or to put it another way, we now import from russia 600,000 barrels of oil a day. and

>> well, the american petroleum institute will do or say a lot of things to protect market share, includingdata that doesn't take into account the efficiencies that we have in ethanol production and food versus fuel really isn't an argument. we have production capability for both and 40% of the corn that goes into producing ethanol comes out as this , distillers grains which we then feed the livestock so we've got production capability to do both it's not an either/or . reporter: you came prepared with props to make the case. >> yeah, absolutely i have prop s and earlier, we fed it to cattle, right and they liked it. reporter: i suppose though this could be an issue of whose lobbying power is stronger oil & gas or the farmers. >> well i'd like to hope the truth wins out at the end of the day. i'm not so cynical. i live out here in rural america , maybe, but yeah, and there's no doubt there's going to be lobbying on both sides but i think again, as you look at all the factors that why ethanol is so popular, i think it's a winning case that we'll make. reporter: i guess we'll see if it is a w

frank is with the american petroleum institute. >> i think there was a lot of speculation last week around the announcement and subsequent announcement on russian crude oil imports into the united states. that certainly drove market volatility, but those supply- demand, that imbalance, and the constraints within the marketplace il >> reporter: this comes on the heels of the u.s. ban of russian oil that only makes up 3% of the market. kevin slagle is with the western states petroleum association. >> even though russian crude is a small percentage rate in california, it impacts the global market differently. even if you take the 3% out of california, refiners need to go on the global market to replace that. >> reporter: the energy information agency, the federal agency, anticipates the u.s. will increase production significantly this year starting in april, with an inspected increase of 170,000 barrels per day. more could come out of california if permits were approved. it severances go, andria borba, kpix 5. >>> analysts say if things calmed down worldwide, prices should stabilize. >>> hear

. >> reporter: the american petroleum institute says things could even out by 2023, as rigs that went silent during the pandemic start producing once again. >> you are seeing producers respond to the current price environment. you've seen increased big accounts here in the united states. you've seen historic levels of production in the permian basin. >> reporter: the country is still a net exporter of oil, but the cost of local oil could go up as local global demand increases. in san francisco, andria borba, kpix 5. >>> within the past few hours, russian troops began shelling a nuclear power plant that accounts for about a quarter of the country's energy. the u.s. says russia has fired more than 480 missiles at ukraine so far, leaving entire neighborhoods in ruins. >> the use of weapons with wide area effects in populated urban areas risk being inherently indiscriminate. >> during televised comments, the russian president vladimir putin says operations were going to plan. forces have taken and surrounded several cities, but are facing fierce resistance in other areas. the u.n. says mo

this industry, this unscrupulous industry led by the american petroleum institute, really the american prevarication ?iewt which is what we're -- institute which is what we're hearing -- hearing today and hearing on the airwaves, millions of dollars of television ads saying we've just got to drill, baby, drill here in the united states. that's the answer to the invasion of ukraine by the russians. well, a few facts might be helpful so the american people can understand once again that all the american petroleum institute is about is tipping consumers upside down at the pump and shaking money out of their pockets. that's who they are. so just for a few facts here, the oil industry in the united states has bid for leases on american public lands. right now 53% of the leases which the oil industry, the natural gas industry of the united states have on shore in our country, in our forests, in our fields, they're not drilling on them. 53% of all the leases that they have from the american people. have they been drilling to protect us against this? no, they have not. how about off shore? wel

the american petroleum institute says the biden administration's policies are unfriendly to oil companies. they have >> canceled pipeline projects that are critical to move our energy around the country. >> but the white house is pushing back against the claims. it is hurting energy production. it says oil companies already have about 9,000 leases. they are choosing not to use and they have the permits. >> they have the capacity to do it. >> what's holding them? false argument from the administration and a distraction from their policies. and president biden says while his administration is working on the problem, there's no short term solution. >> republican lawmakers have called for the keystone pipeline to be restarted. but the white house says that's not going to happen and it wouldn't increase supply reporting in washington. reshad hudson. >> coming up, lake tahoe home and woke up to unexpected visitor in the kitchen. one brave guard dog did too help get rid of that big old get rid of that big old intr meet a future mom, get rid of that big old intr a first-time mom and a seasoned pr

. >> reporter: the american petroleum institute says things could even out by 2023, as rakes that went silent during the pandemic start producing once again. >> you are seeing producers respond to the current price environment. you have seen increased rig counts here in the united states. you've seen historic levels of production in the permian basin. >> reporter: the country is still a net exporter of oil, but the cost of local oil could go up as global demand increases. in san francisco, andria borba , kpix 5. >>> a choppy day on wall street. the dow was positive for much of the day, but closed down 96 points. the nasdaq fell more than 200 points , and the s&p 500 fell 23 points. >>> this evening, yet another family is saying that violence has to stop after a 14-year-old boy was found shot and killed on and oakland street. it happened wednesday night on mountain boulevard, not far from 580. kpix 5's shawn chitnis spoke to the victim's twin brother. >> reporter: oakland police say they came here near the intersection of mountain boulevard and keller avenue on wednesday night, and foun

frank is with the american petroleum institute. >> i think there was a lot of speculation last week around the announcement and subsequent announcement on russian crude oil imports into the united states, and that certainly drove market volatility, but the supplied demand, that imbalance, and the constraints within the marketplace still remain. >> reporter: this comes on the heels on the u.s. ban on russian oil, which only makes up 3% of the market. kevin slagle is with the western states petroleum association. >> even though russia contributes a small percent, it impacts the global markets. refiners need to go onto the global market to replace it. >> reporter: a federal entity anticipates the u.s. will increase production significantly this year, starting in april, with an expected increase of 117,000 barrels per day. he says more could come out of california if permits were approved. >> it's out there right now for shovel ready projects, that if those were approved, in relatively short order, you could see some production increases, and probably enough to make up for that 3.5% from russi

neil: thank you, have a great weekend, american petroleum institute president and ceo.d about the supply and demand and future supply, looking to increase the supply down the road and it does change the equation and could affect prices. it goes the other way. in the meantime, aidan now cleared for ukraine, $14 million of it was one little question. how do you get it to the port cities the russians are closing down to prevent it? ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. have you ever met a transgender kid? there is no atmosphere that is the same as playing a sport with your team. when you're playing a sport, it's not just about you. it's about what you can do as a team or as a group. most of what i coach are team sports, and it's not about being perfect. it's about growing as an individual and growing as a team member. and where in that does gender identity come in? i want to even be a

american energy independence from oil and gas extraction, a lie that has been sold by the american petroleum institute -- or the american prevarication institute, as they should be called. for years, the oil and gas industry has sold americans more snake oil than actual oil, promising security and safety in exchange for unlimited drilling, unlimited exports, unlimited profits for big oil and big gas in the united states. and after yet another year of price spikes caused by putin and profiteering, it is time to say, enough is enough with these false promises and crocodile tears from the american petroleum institute, from exxonmobil, from chevron, from all of these companies. president biden was right to follow my spigot act and the consensus in the house and senate to ban owl oil imports from russia. the only way to end putin's oil and gas-funded wars are to cut off his oil and gas-funded piggy bank, which comes, unfortunately, historically from american consumers at the pump. that has to end. and thankfully, president biden has now made that decision. and i.t. because we have a -- and it's because we

now, the russian invasion of ukraine, oil, cronies at the american petroleum institute, the americannstitute want to feed the american people one of the biggest lies of all. drilling for more oil and more gas is the path to energy independence. republicans say they have an all of the above plan. it is really an oil above all plan. the gop has always stood for the gas and oil party. its argument of drilling equal energy independent is weak year -- leakier than an old oil tanker. they are lining big oil's pockets about addressing inflation at home. it is about inflating fossil fuel profit at home. the american people want change in our energy policy. change in our investment. changing our climate policy. america is due for an oil change. we will not be putin with his gas in our cars. we are proud president biden has isolated and his oil-garchs. president biden has been brilliant in unifying the world against this unprovoked and unwarranted attack on ukraine. president biden has told the ukrainian people he stands with them and we all stand with them. now, thanks to the president, we ar

. >> cheryl: the ceo of american petroleum institute telling fox business the ban on new development water hinders domestic production. this is biden administration that held talks with venezuela about increasing oil production and possibly considering a trip to saudi to meet with nbs. what happens when the words jamashegogy get brought up. the iranian nuclear deal, the iranians walked away from the table yesterday, are we going to have to go to iran? we're playing ball with some bad actors when all that production, could be done by domestic shell producers right now. >> carley: thank you so much for that. we'll bring in neil crabtree, xl pipeline worker. neil, you heard jen psaki say that restarting the keystone xl pipeline would have no impact on gas prices, it wouldn't decrease gas prices, what do you say tathat? >> good morning and thank you for having me. that is one thing i definitely wanted to hit on, your own colleague peter doocy has a tough job getting straight answers out of the white house. she wants to talk about the facts, i'm about to give her the fact. i don't care if

now the russian invasion of ukraine republicans in their oiled -soaked cronies at the american petroleum institutemerican prevarication institute want to feed the american people wanted the biggest liesof of all, the drilling for more oil and more gash is the path to energy independence. republicans say that they have in all of the above plan but is really an oil above all plan. the gop always has stood for the gas and the oil party and its argument of drilling equal energy independence, it's weaker than the old oil tanker. they are pushed to use the crisis in ukraine to live in big oil's pockets it is not about addressing inflation at home it is about inflating fossil fuel profits at home. the american people want change in our energy policy, change in our investments, change in our climate policy in short america is due for an oil change. we will not beat putin with his gas in our cars. we are so proud that president biden has organized the allies in isolating putin in his oil. president biden has been brilliant and unifying the world against the unprovoked and unwarranted attack on ukraine. pre

you can see the graph, the american petroleum institute ceo says the u.s.y lower gas prices but supply the energy that europe needs as europe is closely tied to russian energy. >> this is a consequence of decades of energy policy in europe. we don't want to find ourselves in the same position that europe find itself in the pen to on a foreign source of energy that is hostile to his interest. >> the governor of north dakota and the governor of alaska say that the u.s. one molecule drilled in the u.s. is much cleaner, significantly cleaner than a molecule of oil in venezuela or iran or russia. talk about venezuela and iran have no idea what talking about will come into the market. president biden in texas is not talking well. he is talking healthcare for veterans. cheryl: center at the white house is there anymore response in the last couple of hours about these reports that biden is considering going to saudi arabia. >> no jen psaki was asked about that. she says there's no plans to go to saudi arabia. if you take a step back. the worst thing you wanted you

. >> the american petroleum institute says 100,000 leases are being used on federal lands right now. the president talked about 9,000 unused leases. the oil group says that more than 4,600 of those are waiting on permits to drill by the department of interior. their senior vice president said the stens announced today are not long-term solutions. >> the administration wants to be strategic here, they will promote the production of wells in the united states. they'll stop restricting to pipeline infrastructure. those are the things that will provide relief for americans at the pump. >> the president and the administration says we need more electric vehicles and give every american a check for $6,500 to make homes more energy efficient. the shift and the push in this transition right now could leave us in the same place that germany is right now relying on our enemies, not our friends to get our energy that we need. back to you, neil. >> neil: thanks very much, this is part of an inflation problem that you figured out, it's not transitory. it is gaining some traction. there's a particu

california's gas tax is the highest in the nation at 51 cents per gallon according to the american petroleum institute to produce more oil. they say the governor's proposed $400 gift card is just a drop in the bucket for families already dealing with skyrocketing gas prices and record high inflation. >> particularly those of us who live in rural areas who have to travel long distances. what's $400 mean to us? it's just, it's an attempt to get some credit thinking that he's really doing something significant. >> reporter: meantime, other states including georgia, connecticut and maryland have all temporarily suspended their state gas taxes this year to help families deal with skyrocketing costs. eric: christina, thanks so much. we'll be back in a moment. i brought in ensure max protein, with thirty grams of protein. those who tried me felt more energy in just two weeks! (sighs wearily) here i'll take that! (excited yell) woo-hoo! ensure max protein. with thirty grams of protein, one gram of sugar, and nutrients to support immune health. and it's easy to get a quote at libertymutual.com so you only pay

the american petroleum institute says the moment a company gets a lease, they're paying royalties on it, so there's no incentive to sit on the lease. the administration talking about 9,000 leases. the petroleum group says that 4600 are awaiting approval by the department of interior to start actually drilling, a permit to drill, thousands more tide up if lawsuits by environmentalists. so with the moves the white house says that a gas prices will come down. you heard the president say that. aaa though today said that the average price of gas for a gallon of regular is $1.36 more than a year ago and much closer to the record high set earlier this month. the industry can look forward to no changes in regulations or policies just at the moment accusations and a greater push to get oil companies to invest and start drilling a little bit more. liz? liz: edward lawrence, thank you very much. so the question becomes the markets. now, look at the s&p 500. it has cut its losses in half after sinking to session lows when the president revealed his plans to tap the petroleum reserve. oil and gas

encouraging oil and gas companies to tap into some 9,000 unused leases but the head of the american petroleum institutecalling them out on it. >> what the biden administration is saying right now is complete red herring, they don't understand the process when it comes to leasing. it takes a very long time to develop those leases and get them permitted to. >> than there the keystone xl pipeline that biden shut down on day one of his presidency. jen psaki says there is no to restart instruction on it despite saying all options are on the table. meanwhile, the administration is reaching out to unlikely partners in iran and venezuela for help and that's drawn criticism from republicans. >> this administration consistently does things that make us more dependent on bad guys around the world and tonight to see him running to iran and venezuela -- if you want to cut off putin as we should, the right solution isn't aligned somebody else's pockets along the way. >> it's worth noting on that keystone pipeline, jen psaki said no plans to restart but she didn't totally rule it out. we'll and see if that changes is

reporter: so the american petroleum institute says that 9,000 leases the president is talking about,alf of those are waiting on the department of interior permit to approve the actual drilling. another couple thousand of those are tied up in lawsuits by environmentalists. elizabeth: edward lawrence thank you for your reporting there. joining us congressman kat cammack from house homeland security and chief public policy economist of the texas policy foundation, vans ginn congressman, first to you. taxpayers own the spr, taxpayers paid for. it is not biden's slush fund to win back re-election. is this threatening u.s. security? is this about winning votes in september? >> hi, liz, yes, they are concerned about biden's sinking poll numbers they are desperate for anything. the last time pelosi or biden filled up a gas tank was the year i was born which was 1988. let's be honest, they know nothing what it is like for an average american today trying to fill up your gas tank for your family. it is ridiculous. we need to stop telling our adversaries exactly what we're going to do and what

it really reasonable to hear from this administration, the oil and gas industry of the american petroleum instituteer message is, that you are not out to demonize oil companies. they want to tax the oil companies more. in a moment where we actually need them. we need more oil production aired and by the way, the message to the tiktok viewer out there is green energy in a moment where 65% of the american people are living paycheck to paycheck. they are telling you on tiktok to go by and ev. you know what the average gas ps of an electric vehicle which marked $60,000. >> and they just raise the prices because of all the supply chain prices. geraldo, are you now on board with the putin price hike after watching that young lady tell you all the talking points? >> that definitely put me over the top. i can see that president biden blew it when he crushed domestic oil production. that was a strategic error, regardless of the tiktok-you -- but this is also true. exxon, chevron, bp, and shall are all enjoying enjoying the highest profits. >> what is your point? >> the oil companies are reaping record profi

among those people wondering the president of the american petroleum institute who tells fox businessave been put in place by this administration, including a ban just last week of new development on federal lands and in federal waters, is really hindering american energy development during this critical time. >> and some interesting information on the subject of imports, russian imports of oil into the u.s. a lot has been made of the fact that last year russia imported about 8% of all of the imports of oil that came into the u.s., canada obviously our biggest trading partner in terms of oil. but, i just checked the latest statistics from the government, on how much crude oil has been imported from russia into the u.s. in the last two weeks. the information there, we have imported precisely zero barrels of oil from russia last week and this week as well. so that, i guess, is good news if you want to squeeze russia. unfortunately it also squeezes u.s. motorists taking a look at the gas prices today up 4 cents a gallon. it had been about a penny a day. today four cents. get your electri

at the same time, the american petroleum institute and their supporters in congress have been pushinge response to the war needs to be we produce more oil and that we can't have filled back better, we can't pass legislation that would put more restrictions, merck regulations on the oil industry because the solution to the war is the united states needs to be producing so much more oil and gas. so what the response of the biden administration has bn is don't worry, we are producing tons of oil and natural gas. thfirst year of an administration, just to be clear, is usually the result of the polies of the s. administration. so the trumpet administration did not produce as much in its first year because it was stil under the sway of the obama debt --he obama administration's licies. trump significantly, dramatically increase prodtion over the course of subquen years in office, reaching a high point just before the covid crash. his fit year of the biden administration ithe tail end of the trump administration licies that have calved that pruction at record highs. jen psaki is saying, look

reporter: the american petroleum institute senior vice president for policy says it is time for the administrationsupport domestic production and send a message that america is open for energy investment. now so far the administration has taken no steps to roll back the regulations or restrictions that they have put on the energy industry. in fact, you have representatives from the united states who have talked with the dictator in venezuela to add oil supply. also possibly bringing iranian oil by getting back into the iran nuclear deal and lifting sanctions. republicans just don't understand. >> we should develop our renewables as well but we've got to stop punishing the oil and gas exploration in this country, importing dirtier fuels in this country it makes no sense from environmental point of view. >> they thanked president biden adding bans on russian oil although ukrainian president zelenskyy said he asked for this from day one. elizabeth: edward lawrence, thank you so much. joining us now california congressman darrell issa, former deputy national security advisor, author of the book, revol

energy independence and lower the price of the pump is a senior vice president of the american petroleum institutet is frank mackey rollo who is with us. frank, good to see a predicate for being with us. tells why jen psaki is wrong. >> thank you for having me on, sean. either the white house is showing a fundamental misunderstanding of how oil and natural gas development works or they are intentionally created misdirection here to distract the american people. either way, they are not providing relief at the pump. let's break down what the white house is talking about with respect to leases. first of all, according to the department of the interior, the percentage of productive leases is that a 20 year high in the united states right now. with respect to this permit claim, there are currently nearly 100,000 wells and production on federal land. so the number that they are throwing out as a real misdirection, it's a red herring, and it doesn't get out the real problem, which is the policies that they've put in place. >> sean: if we opened it up again, if we finish the keystone pipeline, if we open

the american petroleum institute said this would discourage production and lead to higher gas prices. senator marsha blackburn says there needs to be a "operation warp speed" for oil. >> pull together the federal agencies, the private sector, how do we get more oil, more transportation fuel, more gas, more home heating fuel. generate electric power. how do we do that quickly. reporter: the senator saying this is a national security issue. she says if the u.s. pumps more oil and exports more natural gas the prices will come down and allies can be reliant on the u.s., not russia for energy. so the president saying they're trying to get other countries to pump more and blaming gas prices and inflation on the invasion of ukraine. president biden: the current spike in gas prices largely the fault of vladmir putin. has nothing to do with the american rescue plan. reporter: oil producers are now saying if this tax goes into place it would discourage long-term investment from oil supply from the u.s. back to you. elizabeth: edward lauren: good to see you. thanks for joining us. joining us fro

should have its own energy production, but the american petroleum institute says the biden administration's policies are unfriendly to oil companies. >> canceled pipeline projects that are critical to move our energy around the country. they have the permits. >> they have the capacity to do it. >> what's holding them? the white house pushes back against the claim said it is hurting energy production is says oil companies already have about. >> 9,000 leases, but they are choosing not to use those leases. and president biden says while his administration is working on the problem, there's no short term solution. republican lawmakers have called for the keystone pipeline to be restarted from canada. but the white house says that is not going to happen and will not increase supply. >> santa barbara county supervisors have rejected a bid by exxonmobil to restart offshore oil wells. the oil wells was shut down back in 2015 after a pipeline leak caused the worst coastal spill in 25 years tuesday, the board of supervisors there voted against exxon mobil's request to set up trucking routes to move o

. >> the leader of the american petroleum institute says that's a red herring. >> it takes a very longto develop those leases. and to get them permitted. >> president biden admits russia's invasion means rising gas prices. >> i'm going to do everything i can to minimize putin's price hike here at home. >> just not clear if everything includes keystone xl. >> well, why don't you tell me what that would help address. >> i'm asking you if it is an option you guys say all options are on the table. is restarting keystone construction one of them? >> if we are trying to bring about more supply, that does not address any problem. >> she never said no keystone. she just said no plans for that remember, they had long said there was no strategic benefit to banning russian oil and they did that anyway. this evening, president biden is on the move as we speak motorcading to a meeting with senate democrats that is closed press. bret? >> bret: peter, what about that keystone project. when it ended did the white house follow up with workers? >> no, at least not with everybody. remember, it was john k

reporter: yesterday you said, i asked the american petroleum institute. abandon a new development of federal land. the world to fees increase in drilling. there any plans to reverse any of these policies to encourage investment. sec. psaki: the industry had more than 9000 unused permits to drill in the united states. i do next to him speak to that. of the more than 37 million acres under lease to the oil and gas industry, many are nonproducing. our view on drilling is different than the person you spoke to which is that what will probably need to do here is it reduce our dependence on oil. what we are all: through now on this discussion of banning oil imports is a reminder of that. but there is no shortage of drilling leases that could be used domestically to enhance production. oil and gas industry this little late sitting on stockpiles. thanks everybody. i think everybody needs to wrap and go to the next engagement. see you all on monday. thank you. >> american history tv. saturdays, at 2 p.m. eastern. part one of our two-part series on first ladies. we

should have its own energy production, but the american petroleum institute says the biden administration's policies are on friendly to oil companies. >> canceled pipeline projects that are critical to move our energy around the country. they have the permits. >> they have the capacity to do it. what's holding room? the white house pushes back against those claims saying it's hurting energy production. it says oil companies already have about 9,000 leases, but they're choosing not to use them. and president biden says while his administration is working on the problem, there is no short term solution. republican lawmakers have called for the keystone pipeline to be restarted. but the white house says that's not going to happen and it would increase supply anyway. also, house lawmakers say they have reached a deal on a massive spending bill to avoid a government shutdown this weekend. the package includes billions of dollars in aid to ukraine. the 1.5 trillion dollars measure is expected to keep the government funded through the end of september. the white house has called for 10 billion dol

we talked to mike summers, the president of the american petroleum institute. he says u.cers can help. here's what they want the federal government to do. first of all, we need a message from the federal government that they want us to be producing more and that comes in the form of a regulatory stability. second we need a renewed focus on energy infrastructure in this country. third we need to lift the moratorium on development on offshore waters and on onshore federal leases. i leave you with a little bit of positive news. that is when it comes to drilling rigs in the us right now of the company that keeps track of these things, says there are 650 oil and gas rigs now at work in the us five more this week. there were last week and 250 almost more than there were this time a year ago. we'll get an update on those numbers tomorrow. as we watch the gas prices rise before our eyes here in philadelphia. i'm jeff flock with the fox business network. coming up tonight. the house committee investigating the january 6th insurrection at the capital has subpoenaed kimberly guilfoy

let's look at what the american petroleum institute says. leases are issued prior to exploration. not every acreage of wasteland has resources to tap into. that's why oil is kind of a boom-bust industry because you're taking a bet that there might be oil underground and sometimes it doesn't work out that way. currently the percentage of leases and production is right now the highest in two decades. in other words, with few exceptions, the leases that can be used, they are being used. that's why joe needs to lift all the restrictions that he put in place to please the radical green new deal socialist democrats. jen, do you got that? anyway, now the oil industry is begging for more access to drilling and exploration and as the petroleum institute put it, "it's time for the administration to support domestic production, send a message that america is open for energy investment. why not just be open and honest and say we made a mistake, we should never have put these restrictions on the energy sector? that's not within them, i guess. so jen psaki is more interested in auditioning for

even though, privately, i know that the white house and the american petroleum institute believe thatecause of that significant run-up in oil already, that perhaps the announcement of the american ban, coupled with the phase in of the uk ban and the efforts by europe to at least wean itself off of russian energy by the end of this year, that the gradual nature of those should at least put a lid on price hikes roughly where they are now that is what i believe according to conversations with sources about just the significant price action we've seen so far it was also interesting, carl, to hear president biden talk to corporate america directly, and say even though it is becoming more expensive, essentially, to obtain the energy you may need, the price gouging is not okay. that speaks to the fact that along the options that the administration has weighed, a federal -- a cut in the federal gas tax or a suspension, rather, of that gas tax. when i talk to sources about why that does not appear to be an attractive option, it is because the white house and democrats on the hill aren't confid

i think the american petroleum institute would say about anything to protect their market share. >> iyou can see 15 right alongside all the other gas elections at the pump. >> one of the things that gas station i go to, it's not even a choice. they just have the ethanol already and they gas. i think it is 15% ethanol and the rest regular gas, and the car works great. >> is hard to find in certain gas stations don't have it all. if you became available would either have to replace eat-in which is the regular gas right now or they would have to add an extra selection at the pump. by and large the folks that gas but he say if you do use e15 it will save you $0.05 to $0.10 per gallon. >> steve: what about the argument from the petroleum people that if you use the corn to make the gas, then your price of corn at the grocery store is going go up? >> it is already high right now. you know, corn prices have skyrocketed especially because of the conflict in ukraine. but also as brian mentioned, they are part trying to protect their market share. we use e15, it has about 50% ethanol. 85% gaza r

that's what the american petroleum institute is all about. it's stopping an all-electric revolution, it's stopping a wind and solar revolution, it's stopping a battery revolution because it destroys their business as well. not drilling on leases and coming in here that we demand -- and demanding in a lot of ways that we give them more leases that they are not going to drill on it, they will hoard it. it is a sad take on american corporate greed. but that's where we stand right now. be prepared to hear more lies on the american oil industry, lies that go right to the heart of what we really have to do as americans for the next generation, and that's to stand up to those oil companies, stand up to the russian oil oligarchs and say, we're moving away from you historically. that's what young people in our country want. they want us to unleash our technological innovation genius in order to solve this problem, and it's wind and solar and all-electric vehicles and battery storage technologies. and it's a moral challenge first, it's an environmental

joining me now is the american petroleum institute president and ceo himself, mike sommers.ing here. you heard jen psaki, she called out your group, the api, by name. what's your response? >> well, jen has a fundamental misunderstanding as to how the process works for federal lands on both federal lands and federal waters. as you know, it takes a long time to develop those leases. what she's actually advocating for here is that we lease those lands and then not do any environmental he review, not actually explore as to whether or not those lands actually have productive oil and gas and then actually violate the law without getting a permit. what we're suggesting here is that there's a long lead time, once you get a lease in place. it's not as if you can just set up a rig on those lands. so our members are of course trying to get those leases but we also have to remember that there hasn't been a lease sale in this country since biden administration went into effect. we need more access to these federal lands and particularly these federal waters which we're not getting. but a

the american petroleum institute saying that they are beyond the pale, completely baseless. a distraction from u.s. policy actions needed to deliver affordable reliable and cleaner energy in america and around the world. sandra. >> sandra: all right, grady, reporting live on capitol hill for us. more that come out. >> bill: putin may threaten it to use nuclear weapons against ukraine as the military files to make progress as it gets beaten back. fox news contributor, joey jones here with us on this topic. nice to see you, joey. good morning to you. i don't if he goes nuclear but i think you have to put chemical weapons in that category for sure. >> i think everything is on the table for this. this is one reason why i have been overly critical of president biden's position on these plains. really the stimulates into the whole narrative around these plains. in other words come the planes that president zelensky wants to sit in europe. they sit a few hundred miles from ukraine. poland wants to hand those planes to us and let us take them. think the original plan was to germany

the ceo of the american petroleum institute who was at that conference says the oil producers need support, not vilification. >> so our members are of course trying to get those leases but we all have to remember there hasn't been a lease sale in this country since the biden administration went into effect. we need more access to the federal lands, particularly these federal waters which we're not getting. reporter: so far the biden administration showing no indication it will change its policies here at home. neil? neil: edward, thank you very much. edward at the white house. let's go to the western states petroleum association vice president. kevin, the argument with the u.a.e. and saudi arabia essentially giving us the brush-off, they're not inclined at least at this point to help out to produce more oil. i believe at their latest meeting they talked about maybe 400,000 barrels extra a day. that was sort of carved in with the last meeting before that. they're doing diddly. how is that going to impact things going forward? are they just playing out this little grudge match with the presi

the american petroleum institute is lobbying the biden administration.aid here is what he is telling the president, listen. >> first of all, we need a message from the federal government that they want us to be producing more. that comes in the form of a regulatory stability. second, we need a renewed focus on energy infrastructure in this country. third, we need to lift the moratorium on development on offshore waters and on onshore federal leases. >> and the other thing, bill, there is a positive in that. yes, we're already pumping and drilling more. take a look at this. this is the rig count right now, 650 rigs out there, oil and gas rigs. five more this week than last week and about 250 more than there were this time last year. but we need to pump more because we have no russian oil coming in at this moment. >> bill: nice to see you live in philly. >> dana: the global jewish community is outraged over vladimir putin's denazfication excuse for invading ukraine after russian forces damaged a holocaust memorial site. joining us now is josh gotheimer and

. >> dana: joining us now is mike sommers president and ceo of the american petroleum institute.magine you would ask the white house to learn more. when she talks about the fact there is all this opportunity for drilling to be done in america, how do you respond? >> well look, dana, right now there are over 100,000 active federal leases that are being developed. this 9,000 statistic is phony. they don't know how the process works. in fact when you get a lease you have to go through a whole process of making sure that there actually is oil and gas on the lease and then you have to get more federal permits to develop it. this is all about red tape. this is not about getting american energy development going again. we want to make sure american producers can produce here in america and become that energy powerhouse that we have been over the course of the last decade. >> bill: here is where the pressure goes. today $4.31 is a record high for the u.s. yesterday 4.25. a month ago 3.47. a year ago 2.60, right? so here begets the question then. day one in office, mike, right? you have k

could push crude to $300 a bail there's a view within the white house and shared by the american petroleum instituteures may already broadband priced in. after all, the u.s. imported only about $4.7 billion in oil last year, according to the eia, and russian energy represented about 8% of all energy imports, including natural gas products most american companies have stopped taking russian oil already. that's a byproduct of the white house stelegraphing this move we heard this morning from the ceo of hass he's calling for 240 million barrels to be released from emergencily reserves. >> interesting comments from john hess, where he was talking with brian sullivan. he remains in houston for this week this really is such a small number, in terms every what we actually import from russia, but give us your take overall, including that great interview with john hess. >> thank you, david. the key is what exactly gets banned in this expected ban. it's not just crude oil. there's a lot of other things that are related to crude oil from russia. first off, let's go to the numbers. david, you're exactly right.

well, mike summers, the president of the api, american petroleum institute, says he knows.sage from the federal government that they want us to be producing more, and that comes in the form of regulatory stability. second, we media a renewed -- we need a renewed focus on energy infrastructure in this country. third, we need to lift the moratorium on development on offshore waters and onion shore federal leases -- on on shore federal leases. >> reporter: neil, i want to leave you with at least one positive note, the baker hughes rig count, they now report that as of last week 650 rigs in use, oil and gas riggings in the united states. that's up 5 in the last week and up almost 250 in the last year. so u.s. production coming back on, but, you know, you need every drop almost that you can get right now to make up for what is coming off if from russia. neil: that's a very good point. you're right about that. jeff, thank you very much. jeff flock following the gas price runup. well, obviously, this is the backdrop for a federal reserve that's gathering in less than two weeks and

i reached out to the american petroleum institute this morning, 95% of production in louisiana takesministration has not held a single successful offshore lease sale. as a point of comparison, they said, at this point in the first time, the obama administration had held three offshore lease sales, almost $2 billion in government revenue. why so night and day, two democratic administration's on handling this? >> note of unreality. they are disconnected from the pain the average family is feeling, whether it's electricity or filling up the tank and they are not going to take the actions needed to help the families. >> john: and no squat during the obama administration, just saying. >> sandra: senator, thank you. >> john: russia's multi-week assault on mariupol is leaving it in ruins. the mayor says the city is under russian control. >> sandra: even if you got your shots and booster, are you ready to roll up your sleeve again? fda says another booster is ready for some americans. science behind it has some people scratching their heads. one of them is dr. marty makary. a lot to say abou

the president of the american petroleum institute says policies by the biden administration and the ban of federal land and waters is discouraging investment. the white house is talking to iran, saudi arabia and venezuela how they might be able to step in. that was met with bipartisan pushback. bob menendez said we don't recognize venezuela's government and not be asking them to produce more oil. omar had a statement about leaning on saudi arabia because of the human tara crisis in yemen and republicans agree. >> negotiating with madmen is not a good look. that's exactly what we're doing. this administration does not -- either they have -- again, this is a reckless disregard for reality. >> the president is heading to texas today but not for anything having 20 do with oil. he will talk about burn pits. there is no white house briefing today because of his travel. the last time the energy secretary came into the white house briefing was all the way back on november 23rd. dana. >> dana: thank you so much, jackie. speaking of the energy secretary she was asked about high energy prices well

growth energy has stood shoulder to shoulder with the american petroleum institute which represents the large refineries preventing closing the blender loophole. the theory is just keep pushing, at some point e-15 will happen. e-15 won't happen until every small refinery is shut down because right now we're counting on volunteer blending, what we call the blending loophole. suspects it is a recipe for those refineries that cannot bland. if we have in fact determined that e-15 result in reductions of greenhouse gas emissions which i don't think we agree with we need to fix the structure of the program and i was interested in cost caps and limitations on the ability to speculate on the cost and obligating lenders, all of these proposals to fix the things that are preventing renewable fuel blending has not occurred. so straightahead we just have collateral damage. >> first of all currently have the future administration instead of pushing a 15 candidate go to zero? with 1 gallon quick. >> thank you for the question. after 2023 there are no congressionally set blending requirements a few im

growth energy stood shoulder to shoulder with the american petroleum institute representind hogreater refineries, preventing closing the blender loophole. essentially, growth. as just keep pushing, just keep pushing, just keep pushing as sometime e15 will happen. it won't happen before every small refinery is shut down because right now we are counting on volunteer blending, what we call the blender loophole. small refineries do not have the ability to bend, large refineries blend more than they produce. until the market distortion is fixed, is a recipe for destroying those refineries that cannot blend so if we want to keep pushing e15 if we have determined that e15 is resulting in reductions in greenhouse gas emissions which is something i don't think we agree with, we need to fix the structure of the program. as interested in the discussion of -- very many times limitations on the ability to speculate in the market, limitations on cost, obligating blunders, all of these proposals to fix the things preventing renewable fuel blending have not occurred. if we cope straightahead, we are