Source: United States Senator Kevin Cramer (R-ND)
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BISMARCK – U.S. Senator Kevin Cramer (R-ND) joined Larry Kudlow on Fox Business to discuss Russia’s high oil revenue and bolstering American energy production. Excerpts and full video are below.
On American Energy Production:
“We often use the term ‘energy independence.’ President Trump used to talk about ‘energy dominance.’ I always like the term ‘energy security’ […] What would the difference be if we were producing 15 million barrels instead of 13 million barrels a day? It would be more than independence. It would mean we would be the price maker instead of the price taker on the global markets; it [would mean] our allies would depend on us for some cleaner and friendlier energy.”
“If oil was $60 a barrel, we’d be flourishing in the United States – producing more of it, plus reducing the cost of everything energy goes into, which is everything we grow, manufacture, produce, move from market to market, whether it’s coming or going. All of that would be better for our economy, plus it would lower the take for Vladimir Putin, who’s benefitting tremendously from this above-market price.”
On Supplying Energy to India, China:
“[Between India and China], that’s three billion people, half of whom are supposed to be our allies. We have to get a little bit tougher with our friends, as well. We also have to be there for them. If we’re going to insist other countries – friends or frenemies, whatever they might be – should purchase more energy from us, then we need to make sure we’re providing it for them. Right now, we’re a pretty unreliable producer because of our President’s policies.”