we have state leases, federal leases and cook inlet.his is the original major hydro carbon basin in alaska still producing oil and gas. we had a federal lease sale canceled. none of this is controversial. we have them all the time. the biden administration canceled it. so much for wanting to increase production, canceling lease sales. let me give you another one, mr. president. the national petroleum reserve of alaska set aside by congress decades ago, probably the most prolific basin in the world right now for oil and gas, when you explore there, explorers are finding billion-barrel fields. not controversial. it's been set aside, like i said, for decades for oil and gas production. three weeks ago the biden administration announced in an executive order they were going to take half of that massive petroleum reserve off the table for any exploration or development. just three weeks ago. that's the biggest oil and gas reserve in the country by far, the most prolific producing energy basin probably in the world, and they took half of it o

i want to ask the cook inlet leases and the amber project.have cited the cook inlet leases were canceled because a lack of interest from the industry during the scoping and draft eis. and yet your department told myk office this decision was based off of lack of industry comment during the scoping. which took place in september of 2020 when we were in the middle of a pandemic. when oil was $40 a barrel, natural gas was a buck 92. the commentary that we have received since this announcement from the state oil and gas association the resource development council, the state of alaska and the most significant producer in the inlet is they submitted their comments. they submitted their interest and it appears that those were not considered. can you share with me what kind of a reach out the department actually did to determine a level of interest in cook inlet? >> thank you for the question senator. it is my understanding that no specific companies expressed interest in this sale. both over 2020 and 2021 when oil prices had essentially recovered f

the department of the interior halted the potential to drill from 1 million acres in cook inlet in alaskalong with two lease sales in the gulf of mexico. we're working counter productively now to get the price of gas to come down if we don't move faster and more toward being able to sustain ourselves. >> that's just the key word here, these leases people want to say climate change. two reasons the leases were pulled. one no oil company had interest in drilling there and two, there was a legal battle going on. what the experts are saying is it would take decades for even if they did drill to impact gas prices and they wouldn't be drilling just because you have the lease it would be sitting there because of the legal problems and oil companies for lack of interest in that lease and land. >> harris: matt. >> this is on top of anwar and keystone pipeline that had longer lead times but we haven't hit memorial day >> harris: you saw air fairs are going up 18% since last month. people will start to feel it. school is out and you have people wanting to hit the road. i would love to revisit the ye

three examples i mentioned to her, shut down the oil and gas lease in as can, cook inlet gas lease.t it down, no reason. they took off the table of the national petroleum reserve of alaska. this is area set aside by congress the size of indian that. one of the most prolific oil and gas basins in the world. they took it off the table three weeks ago, with an executive order. they are making it hard to build oil and gas infrastructure, lng export facilities and pipelines this is all crushing american energy and we're seeing predictable results. higher prices on the back of working families. elizabeth: listen to senators marco rubio, ted cruz, and you're going to see the energy secretary make a big whopper of a mistake. watch this. >> joe biden believes if gas is five dollars a gallon or a $6 a gallon or $10 a gallon, if he imposes enough pain, that eventually everyone will have this epiphany and get rid of that truck or get rid of that minivan and everyone will go buy an electric car. >> they believe the more expensive oil and gas gets the more people will buy electric cars. not every

announced they are cancelling planned oil and gas lease sales in the gulf of mexico and alaska's cook inletr response to that. just broke. >> it's more of the war on energy. it's been a disaster for our country, disaster for pennsylvania. it's killed us economically, it's sacrificed our national security and it's hurt the environment. and it is beyond dispute that the biden policies have failed. we have to have energy dominance, we can lead the world in energy, great for pennsylvania and our country and as a senator for pennsylvania, this would be my number one agenda item because this is the key to unlocking the potential in pennsylvania which is really remarkable. >> laura: the steel industry in pennsylvania, all those workers, they need someone who's going to fight for them. dave we're going to be watching this very closely. we really appreciate your joining us. thank you >> nowhere our wit's end segment is next, here's a clue, what new aggressive stance has north korea taken against the west. hurry up tweet me your guesses at ingraham angle and we'll see if you get it right next. down t

it would be the cooks inlet that was cancelled. that despite the high gas prices. he promised he would reduce the dependence on fossil fuels. he's sticking to those guns. 10.9 million acres would have been up for auction. they're cancelling it for lack of interest. the same reason was given in 2007 and 2008 and 2011 under republican and democrat administrations. lack of interest there. what do you do if you don't get more oil? mario drage, the prime minister of italy told president biden what they ought to do is a get a buyer's cartel together. like the opec cartel but only buyers saying hey, guys, we're not going to pay any more than $60 a barrel and we're not going to buy your oil if you won't sell it for that. what if they don't sell it for that? it's been tried in the past. not particularly successful. what are the other options? how about a wind fall profits tax. that's been tried in the past as well. as well as price controls on oil. we talk to our guru about that. what does he think? >> wind fall profit tax is ridiculous. first of all, these companies are lo

interest in leasing the area, the department of the interior will not move forward with the proposed cook inlet ocs oil and gas lease sale 258. and calling off some gulf of mexico leases, has the emergency petroleum institute saying unfortunately it's becoming a pattern. the administration talks about the need for more supply and acts to restrict it, as energy prices rise. we urge the administration to end the uncertainty and immediately act on a new five-year program for federal offshore leasing. president biden told donors in chicago about the economy, this we can't let this happen, guys, so we have to, we have to, and it's going to be hard, it's going to be hard because inflation is going to scare the living hell out of everybody. democrats are trying to blame republicans for not having any better ideas to fix inflation, particularly republican senator rick scott, now firing back in this new ad. >> one thing for sure, rick scott's rescue america plan has gotten under joe biden's skin. >> senator rick scott of florida. >> senator rick scott. >> republican plan led by rick scott. >> how do you

the government is halting the potential to drill for oil in more than 1 million-acres in alaska's cook inlet along with two lease sales in the gulf of mexico. the move comes as gasoline prices continue to hit record levels. ♪ ♪ >> shannon: joining us now dr. mehmet oz one of the g.o.p. contenders in the senate primary in pennsylvania. coming up in just days. dr. oz, great to have you with us. >> great to be here, shannon. >> shannon: this has gotten to be incredibly tight race. brand new polling got you at the top of the pack at 22%. mccormick 22%. barnett 19%. that's essentially within our margin of error. i want to give you a chance to hear from your critics and respond as you are all neck in neck at this point. here are some jabs as why you aren't as qualified as they are. >> the reason mehmet keeps talking about president trump's endorsement because he can't run on his own positions and his own records. what's true is that he has flip flopped on every major issue we are talking about in this campaign. >> when these carpet baggers lose, you will never see them again. and if they should wi

announcedno they areas they just announcedno they areas lease sales and the gulf off mexico and alaska's cook inlet. veryas briefly, your response to that just broke what isis more the war on energy? te it's been a disaster for our country, a disaster for pennsylvania.. ac it's killed us economically. it's sacrificed ourri nationaltt security and hurtan the environment. and it iste t it is beyond disp. that the biden policies have failed. we have to have energy dominance. we nance can lead the world in energy. it's greatlv for pennsylvania, it's great for our country. and as a s the senator from pennsylvania, this would be my number one agenda item because this is the key to unlocking the potential in pennsylvania, which is which is really pennsyis which is really the steel industry in pennsylvania, all those workers they need someone is going to fight for them. dave, we're going g to be watching this very closely.yo we really appreciate your joining us . thank you . now our wit's end segment is w next . remember, here's a clue what a new aggressive stance is. north korea taken a against t the west

. >> we know the department of interior made clear that they canceled the cook inlet project becausethere was a lack of industry and turns. that is not actually the issue. the issue if we take a step back is it is a lengthier process taking up to 10 years. up to more than 10.9 million offshore acres currently under lease. industry is not producing on 8.26 million acres. 75% that is nonproducing. the industry is not producing them. 12.3 million. almost 50%. almost 9000 onshore permits. the issue is not permits. plenty of places for oil companies to drill on. they are not. that is the issue. >> okay. go ahead. >> thank you. .... .... >> which leader did hepress on human rights if any . >> i don't know how long he's praised his work, i don't know what range of topics were discussed and the state position is it should not be business as usual at the g 20 which is six months away and he believes president putin should not be a part of . >> there's a lot of criticism from human rights activists that the white house hasn't been strong enough in terms of condemning some of the human rights c

psaki: well, we know the department of interior made quite clear that they canceled the cook inlet projectstry interest. that's not actually the issue. the issue, if we take a step back, is that leasing and production offshore is a lengthier process, taking up to 10 years. mo- - second, of the more than 10.9 million offshore acres currently under lease, industry is not producing on 8.26 million acres. that's 75% that is non-producing. of the 24.9 million onshore acres under lease, industry is not producing 12.3 million. that's almost 50%. and there are almost 9,000 onshore permits. the issue is not permits. there are plenty of places for oil - for oil companies to drill on. they're not. that is the issue. go ahead. reporter: thank you, jen. ms. psaki: ok, go ahead, patsy. reporter: thank you, jen. thank you for your service, and good luck for your next i have two questions on the u.s.-asean summit. as i understand, there are no bilaterals scheduled with the president, but he did have quick private time, as we were told, with each of the leaders. i have two questions on that. did the presid

out that today president biden announced he is canceling a massive all ill sale and lease in the cook inletaska. we also have american energy companies that could produce a lot more energy and they are not. maybe for their own reasons. i don't see coordinated action on behalf of the united states using this act or others to make them do that. i get there reason for the cancellation announced today with concerns about climate. that is the reason. and we ought to be concerned about climate, but it strikes me if we are the largest energy producer in the world and we know that at least transitional lady sources other than russia that us going to saudi arabia and saying, please produce more energy we are not willing to do it ourselves, i just do not get it. i don't know that there is a coherent strategy and if there is, i think the messages are mixed. i would be curious whether the announcement about this massive cancellation in alaska that was discussed this enter agency. they should be discussing ukrainian energy need, high gas prices in the united states, climate which affects all of us, ukra

over 1 million-acres in alaska's cook inlet and also in the gulf of mexico.ness a lack of industry interest in alaska and conflicting court rulings for the gulf of mexico region sparked the decision. the american petroleum institute disappointed with the decision telling fox business in a statement "unfortunately, this is becoming a pattern. the administration talks about the need for more supply and acts to restrict it. as geopolitical volatility and global energy prices continue to rise, we again urge the administration to end the uncertainty and immediately act on a new five year program for federal offshore leasing." taking a look at that statement right there. now, when it comes to all of this , the american public, they are at the root end of all of it i've been speaking to drivers all week and really all year about these higher gas prices. they feel stuck, and forced to pay higher prices while little is done to combat that. >> going to pick-up my daughter from college, i'm going to probably use all $115 and come back, fill up so i can get to work as we

whether it's the actions within the npr a, the recent actions with regards to lease sailing and cook inlet or the opportunity that we have within our coastal plain areas. so, we are, also, having a hard time understanding the direction from this administration. but i have to ask the question, because we saw the response from president biden after russia took that first step into ukraine. and the effort was not to come to canada, as our partner, but to call on venezuela, to call on iran for increase production, to turn to opec. is there something different in the product, and oil itself, the crude itself, something in venezuelan or iranian oil that american or canadian oil doesn't have? is it cleaner? what would give them that advantage over what we might be able to do here in the united states or in canada, is there anything? >> thank you, senator. i think the best competitor between our oil would be with venezuela, because both are largely heavy oil reservoir as. we are no at or below the carbon footprint for alberta heavy versus venezuelan heavy. so there's no environmental advantage. i

and department of interior announced it's cancelling offshore leases, cook inlet off the coast of alaskaouse says it's because of a lack of interest from the oil industry to develop the leases. these lease sales were previously canceled, same thing in 2007 and 2008 and 2011, supposedly for the same reason, what's the real deal here? >> look, if you can't get financing you are not going to be interested in drilling. if you can't get permits, you are not interested in drilling. and think about how much would your, the people listening to this who run a business, how much money would you invest in the business if the current administration was telling you they were going to destroy your business, go to carbon neutral, you know, they want american oil companies to invest all this money in drilling and infrastructure and setting things up while they hold a hammer over their head saying and by the way, as soon as we possibly can, we are going to wipe out your industry. nobody is going to invest. nobody is going to put the money into drilling for oil if they know that they are not going to be a

whether it's the actions within the npr a, the recent actions with regards to lease sailing and cook inlet or the opportunity that we have within our coastal plain areas. so, we are, also, having a hard time understanding the direction from this administration. but i have to ask the question, because we saw the response from president biden after russia took that first step into ukraine. and the effort was not to come to canada, as our partner, but to call on venezuela, to call on iran for increase production, to turn to opec. is there something different in the product, and oil itself, the crude itself, something in venezuelan or iranian oil that american or canadian oil doesn't have? is it cleaner? what would give them that advantage over what we might be able to do here in the united states or in canada, is there anything? >> thank you, senator. i think the best competitor between our oil would be with venezuela, because both are largely heavy oil reservoir as. we are no at or below the carbon footprint for alberta heavy versus venezuelan heavy. so there's no environmental advantage. i

program, let me give you three additional examples of this the biden administration canceled the cook inlet a big hydrocarbon production area in alaska they took half of the natural petroleum reserve of alaska off the table. that's the hottest oil reserve in the world right now in terms of discoveries, and they issued new nipa rules just three weeks ago that are clearly meant to make it harder to permit pipelines, lng terminals this is a clear hostility toward the energy sector. they've been doing it since day one, and it's clearly the reason we have high energy prices in america that's driving all the inflation challenges that we have in this country right now >> senator, i'd say that those are some of the reasons, i don't think those are all of the reasons. i think there are a lot of lot reasons, esg, and they're paying back shareholders who have been long-suffering for some of these issue. this is also a refinery issue. your state knows that well you have a lot of crude but you don't have a lot of refinery capacity you have to take the crude, ship it to california, texas and come back, t