one is the project in alaska that would allow conocophillips to drill a lot of world out of alaska andf climate activists are upset by that. they have complained about the approval of the mountain valley pipeline and legislation in west virginia and approvals of the confide natural gas exports. folks are saying we need to turn off fossil fuels, they have been upset by this. they think the president's actions are not far enough and locking in more years of fossil fuels. host: what is the white house say in response? guest: on the role of project-based say there were legal constraints and they had to approve those because of actions that happened before their tenure. they have also made the case that some of this energy is needed now. host: lynn in bishop, california. independent. caller: good morning. biden talking about investments, you can only make an investment if you have money. the money comes from taxpayers. that is one misnomer. i just want to know what people are willing to give up. if you google what is made from petroleum products, all of the shipping from amazon, all of the

but as the industry has taken on more capital discipline, the thing that sticks out to us about conocophillipsy management think about reinvesting in the business, they're more than happy to reinvest if it's an area where there competitively advantaged and they think they can earn excess returns. but if it is not the money comes back to the shareholders. so you don't see them making the same green energy investments that a lot of the large oil committees have made because they think we as investors can do a better job making those investments than they could. jack: has a decent yield, i guess like all of them do. let's go to another sector, back to the financial sector i'm hearing a lot from financial advisors, high net worth investors about the benefits of alternative investments. i don't know if that's better than 6040 but one way to play that is kkr which you like an alternative investment. >> kkr is one of those names that a value investor might page through value line or looking at different companies and say it looks like it's selling trident's mid-20 gap earnings and is a good company a

the german research shows conocophillips will overshoot by 1.6 billion barrels worth of oil and gas.and exxonmobil — 3 billion. none of the energy companies we contacted disputed the figures. is there a way that they could still hit that 1.5 target when you look at this year's figures? yes, there is. but rapid transition will be needed. a lot of investment in renewables will be needed. and it's very much needed that companies put forward a plan that includes the absolute decrease of production over time in a manner that is consistent with science—based 1.5 degree scenarios. at the end of the day, it's kind of like the basic supply and demand. you wouldn't have a lemonade stand if somebody wasn't there to buy your cup of lemonade. and so you wouldn't be producing oil and natural gas if there wasn't somebody there that wanted it to make a product to sell. and that's the point. energy companies are meeting our demand. to make this programme, i took severalflights. it's hard to fight climate change if we still use fossil fuels to drive, fly and heat our homes. they say we should eventual

conocophillips' $8 billion oil and gas project in alaska's western arctic reserve is projected to emit more than 260 million metric tons of greenhouse gases over the next 30 years. climate and indigenous groups who have been fighting the project say they are considering an appeal of the court's decision. the state of texas has executed brent brewer, a 53-year-old who spent three decades on death row. his lawyers argued the jury handed down a death sentence based on the testimony of a forensic psychiatrist who never examined brewer and whose arguments were later declared to be junk science by a texas appeals court. one of the jurors who agreed to the death sentence later recanted. and the justice department has launched an investigation into civil rights violations by police in the majority black mississippi city of lexington. this is assistant attorney general kristen clarke. >> we will assess whether the police department uses excessive force, violates people civil and constitutional rights during stops, searches, and arrest, engages in discriminatory policing, or violence people civi

some earnings reports came out before the bell this morning, and conocophillips, i think -- lauren: uphey're very active in shale, the shale revolution. three straight quarters of record production, believe it or not -- >> despite the best efforts of the biden administration. well done, america. well done to drill and keep the resource that we have pumping so that our inflation comes down. well done, big oil. stuart: that was sarcasm. >> no, i mean it. i'm very proud of what big oil has done because the administration has tried to shut them down at every turn. and we're shooting ourselves in the foot by doing that. we have all this oil, let's use it. stuart: please. we got fox out earlier? lauren: yep, sales of $3.1 billion growth in tv business, carried the women's world cup, ad sales weakened, particularly political ads, so so the stock is down 1.5%. stuart: let's go to starbucks. lauren: analysts are calling their $5 coffee an affordable luxury, but they launched the psl at starbucks, what is that? the pumpkin spice latte. it came back. [laughter] stuart: producers are trying to tel

let's start with conocophillips. make your case there. >> yes, sir.w, there's record global demand going on right now for oil even though we're seeing a lot of green, you know, conversations going on right now. so we've got, you know, limited supply right now, also with the new saudi-russia relationship they're looking at reducing the amount of barrels that they're ruing per day. they've shared, like, 2 million barrels daily. so if we have, you know, or lower supply, demand sill stays high even if we get into a more recessionary time frame, companies like the are going to be profitable even if they're producing less. why? because the per-barrel price would be much higher and, therefore, the profit is better. so we've also drained the strategic petroleum reserve and, you know, we need to fill that back up as a these salt camps are actually beginning to collapse. stuart: okay, okay, let me move on. >> yes, sir. stuart: second stock you like, costco. >> yes, sir. you know, there's a lot of challenges taking place right now in our society, and one of the

one is the project in alaska that would allow conocophillips to drill a lot of world out of alaska andot of climate activists are upset by that. they have complained about the approval of the mountain valley pipeline and legislation in west virginia and approvals of the confide natural gas exports. folks are saying we need to turn off fossil fuels, they have been upset by this. they think the president's actions are not far enough and locking in more years of fossil fuels. host: what is the white house say in response? guest: on the role of project-based say there were legal constraints and they had to approve those because of actions that happened before their tenure. they have also made the case that some of this energy is needed now. host: lynn in bishop, california. independent. caller: good morning. biden talking about investments, you can only make an investment if you have money. the money comes from taxpayers. that is one misnomer. i just want to know what people are willing to give up. if you google what is made from petroleum products, all of the shipping from amazon, all of