Source: United States Senator Kevin Cramer (R-ND)
FARGO – U.S. Senator Kevin Cramer (R-ND), member of the Senate Environment and Public Works Committee, joined Larry Kudlow on Fox Business yesterday to discuss the implications of Biden’s disastrous policy and the Russian invasion of Ukraine on energy. Excerpts and the full video are below.
On the Biden Administration’s Disastrous Energy Policies
“This fits right into what’s going on in Ukraine because, Larry, it’s like [the Biden Administration] will do anything to drive up the cost of American energy. They create an incentive for people to invest in something other than American energy, which is even more dependent on foreign value chains and supply chains than good old American natural gas and oil and coal and all the other things that work so well.”
“There are so many issues here, but let’s just take the ‘climate issue’ itself. The one the Biden Administration pretends they’re actually helping with. The fact that we are transferring more of the world market to Vladimir Putin and have handed him in a weapon in his war in Europe. On top of that, he doesn’t have the same environmental and certainly not the same workplace or labor standards we have in the United States. So we’re actually adding to the climate problem and adding to the human rights problem. All the while we somehow think we’re feeling better about ourselves. No, we’re just adding costs.”
On Increasing American Energy Production
“It would bring down the cost for American consumers. It would create more jobs for American workers. It creates more security.”
On Energy Security
“Energy is in the supply chain or the value chain of everything – everything we grow, everything we produce, everything we manufacture, everything we ship, whether we ship it in or we ship it out. It’s the number one driver of inflation, and on top of that, we also have inflation. So this is a strategy that is anti-national security, anti-energy security, and obviously, anti-economic security. It makes zero sense whatsoever.”
On Energy Prices
“There’s already a natural supply and demand imbalance right now because of the pandemic because the demand side of the economy is growing so much. What’s missing is the supply side. Instead of adding supply, and by the way, there are a number of Democrats who think that the answer to booming gas prices is to hoard more of the product we manufacture and we produce here, like natural gas, not ship more Liquified Natural Gas, and produce less of it. They think that’s going to bring down the price. What will bring down the price is producing more.”
On Liquified Natural Gas (LNG) Opportunities
“We have tremendous opportunity with LNG. I met a couple of weeks ago with Kadri Simson, the European Commissioner for Energy. They have about 30% of Europe’s LNG import terminals have capacity. They have more capacity to receive our natural gas so we have to send it. Think of what we could do for price, for consumers, for American jobs, for national security, for world security if we were we had a long-term plan to build out our infrastructure in the United States and help them build their infrastructure in Europe. We could move a lot more American product. It would be a geopolitical victory for everybody.”