oil and gas association president tim stuart., so glad you could join us to talk about this important topic today. gas prices retreat add little bit bringing some relief for americans at the pump but the expectation as a result of these new taxes is that prices will continue to move higher. 16.4 centss, that's a new tax on every barrel of oil. the expectation is they passed that right along to the con consumer. >> jackie, thanks for having me. that is a great point with regards to the inflation reduction act. honestly there's some other things in there beside that very sort of visual 16-cent fee per barrel. that's going to have obvious impacts on consumer prices but even the long term residual impact is what's happened to the federal lands component and the number of hidden fees and taxes put on the small producers go forward trying to conduct federal leasing. that's equal if not more concern for the american consumer is what's the long-term tail going to be on this thing. jackie: the administration continues to say that tapping

oil and gas association president tim stuart says the move is putting politics over our allies. >> it'sl to be promising to our european allies we will do everything we can to help them because of the russian sanctions and then back out at the time when they need us the most. >> gas prices here at home have been dropping primarily because people are driving less and oil prices have stabilized some. but industry experts warn cutting those exports as the energy secretary wants could further stress those global supplies and raise oil prices making our gas prices go up as well here at home. we have got to get through the labor day holiday weekend. it's around the corner. it's a tough one. >> bret: yeah. back and forth. aishah, thanks. >> you bet. >> bret: the panel on the redacted trump raid documents, facebook and the fbi on the hunter biden laptop. fox 5 in new york has at least six people reportedly injured at six flags great adventure in jackson thursday evening. the incident happened while people were on the he will toro roller coaster. the injuries were mostly minor. six flags says th

tim o'brien, and stuart stevens, thanks so much for joining our discussion. >> thank you lawrence. >>ere, we may get that filing from the justice department during the commercial break. if we do, we will come right back, we will break into that commercial break, it could be any minute now, we will be right back. right back i would say that to me an important aspect is too... meta portal with smart sound. helps reduce your background noise. bring that sense of calm, really... so you come through, loud and clear. meta portal. the smart video calling device that makes work from home work for you. the unknown is not empty. it's a storm that crashes, and consumes, replacing thought with worry. but one thing can calm uncertainty. an answer. uncovered through exploration, teamwork, and innovation. an answer that leads to even more answers. mayo clinic. you know where to go. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. only at vang

tim cook, for the way he's executing and pulling all the different levers there at apple, he's up there for sure. stuartsla, he's running spacex, and i just finished his book. elon musk is doing a great job as well. lauren: polar opposites. [laughter] stuart: polar opposites. all right. the market -- thank you, mike. the market is open, and we open on the downside, but it's not a huge selloff by any means. tension over pelosi's visit to taiwan is a factor in the market. but, again, it's not pushing it down too much. dow's off about 150 points, and i see about half the dow 30 in the red, half in the green. that's the dow opening down half a percentage point. how about the s&p 500? also opening on the downside. not that bad. it's down .35%. and the nasdaq composite, where's that this morning? it is down, again, a tiny fraction. we'll get there. you'll see the nasdaq any day now. >>> all right, let me move on -- lauren: there it is. stuart: down .6%. show me big tech, they really come out. the one winner -- it was a winner -- was amazon. now they're all in the red but not by much. all right. pinterest, abs

and whether ohio families can afford to survive another couple of years of the joe biden tim ryan regime. stuartu say, is that really damaging ohio voters in particular? >> oh, it absolutely is, and you have to appreciate that so much of this inflation is falling hardest on people who work in the energy dependent economy so if you work with fossil fuels if your trucking, shipping goods from one place to another, if you work in oil & gas drilling, all of those things are more true to ohio than they are to most southern states so the tim ryan- joe biden inflation is slam ming ohio especially hard but i've got to say, stu, this inflation reduction act which is a ridiculous name for this , what it basically does is subsidize rich people to buy electric vehicles at the expense of the ohio automotive industry. it's going to put a lot out of work and raise prices for the goods that ohioans rely on, all so people can buy an electric vehicle at a slightly cheaper price. by the way those vehicles manufactured by the chinese communist party this is all a joke. a joke of an economic program. it hurts the pe

stuart: he sure has. and tim cook at apple as well. a remarkable performance. : you'll be back. still ahead, what have we got? ronna mcdaniel with, senator marsha blackburn and dr. marty makary. the 10:00 hour of" varney" is next. ♪ ♪ my little family is me, aria, and jade. just the three of us girls. i never thought twice about feeding her kibble. but about two years ago, i realized she was overweight. she was always out of breath. that's when i decided to introduce the farmer's dog to her diet. it's just so fresh that she literally gets bubbles in her mouth. . . if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel. ♪. brian: all right. i've had enough of that particular i think. i sea a quite a bit of the empire state building on the program in the last 12 years. let's m

stuart: they're just loving it, aren't they? the unprecedented event has senator timoncerned. he joins me later this our -- hour. the white house wants hundreds of billions in new spending. they think that that helps the poor, but we're getting warnings it will have the opposite effect. edward lawrence sorts it out after this. ♪ ♪ i may be close to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. [crowd cheers] voya. be confident to and through retirement. ♪ ♪ ♪ ♪ ♪ ♪ [sfx: ding] [message] hey babe, meet us at the bottom of the trail. oh, man. hey! open up! the redesigned chevy silverado. with a sophisticated, high-tech interior... open the door! it's easy to forget it's a truck. ♪♪ - thanks. - nice truck! it was. find new style. find new roads. stuart: let's get back to the raid on mar rah lag to go, the white house refusing to provide any comment. roll tape. >> is this administration weaponizing the justice department and fbi

stuart: all right. look at this, some of the vulnerable candidates like colorado senator michael bennet said they have no comment when asked if biden would join them on the campaign trail. senate hopeful timte. a lot of people walking away. pete hegseth is with us now. doesn't like the democrats are getting any kind of bounce out of that inflation reduction act? >> no, they're not. offen times the most obvious explanation is the correct one. joe biden is a bad politician. he is unpopular. his policies are unpopular. they affected people negatively for the balance of his term. if you're a democrat attempting to win a seat you don't want that guy on the stage with you. there is no energy. they're spinning deliverables as you point out the inflation reduction act won't address the issues, saddle us with more spending. it's a green new deal which is not popular. if you're down in arizona running as kelly is, where the border matters and the border is wide open and he won't visit it, doesn't care about it, what will he do come for a campaign stop and tout his worder policies next to someone who wants to get elected as a democrat? it does not work. notice this, biden having covid and being in h

tim michaels who won the republican primary endorsed by trump i thought was going to win but i thought would win by a point, point and a half. after the mar-a-lago raid, stuartch their votes from rebecca kleefisch, and you saw people come out to vote who wouldn't have" haved in the primary but they did support the candidate donald trump had endorsed. they are angry and frustrated and sick of gutter politics. using the doj and the fbi to go after a former president is completely gutter politics. it's gutter justice and foreign to us in america but this i think is going to be the future of what we have as using government as a political tool to get your way and frankly, i think it's frankly near the end of democracy. stuart: you know, we just put it up on the screen a moment ago, a picture of the blockade, the blockage of the entrance to mar-a-lago with secret service officers and police officers there with machine guns. to me, that looks so bad. you talk about, you know, messing around with democracy. nothing mess around with democracy more than machine guns outside the home of a former president whose home is being ransacked. that just looked awful. >> reall