Mark Cuban
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's not nonsense, David. Okay, I'll wait.
40 minutes in. Let me ask a question. Freeberg talks. Go chat GPT it. Go Google it. Go look it up however you want.
40 minutes in. Let me ask a question. Freeberg talks. Go chat GPT it. Go Google it. Go look it up however you want.
Yeah, but it wasn't on the price... It wasn't on the price of gas because the price of gas is a global phenomenon, right? The price of oil, rather, is a global phenomenon. We are the largest producer of energy in the world, but we're still only about 13%, I think it is. Don't quote me on that, but that's a range. And so the other 87% has more of an impact.
Yeah, but it wasn't on the price... It wasn't on the price of gas because the price of gas is a global phenomenon, right? The price of oil, rather, is a global phenomenon. We are the largest producer of energy in the world, but we're still only about 13%, I think it is. Don't quote me on that, but that's a range. And so the other 87% has more of an impact.
And even to that, there was still an unlimited amount of drilling available on public lands and leases available that weren't fully used. Now, that said, I think Biden did mistakes, did make mistakes.
And even to that, there was still an unlimited amount of drilling available on public lands and leases available that weren't fully used. Now, that said, I think Biden did mistakes, did make mistakes.
David, I didn't say it was the only cause. I didn't say it was the exclusive cause.
David, I didn't say it was the only cause. I didn't say it was the exclusive cause.
But they're not mutually exclusive.
But they're not mutually exclusive.
I agree 100%. But even if you go back to the first two charts you put up, it matches up with exactly what I said. Production went down, demand went up, and the net result was that price of gas went up. and price of gases and everything. Is it the only cost?
I agree 100%. But even if you go back to the first two charts you put up, it matches up with exactly what I said. Production went down, demand went up, and the net result was that price of gas went up. and price of gases and everything. Is it the only cost?
Exactly.
Exactly.
I agree 100% with you. All I'm saying, you can try to trace it back to maybe it's 1% of the price. Maybe it's 3% of the price.
I agree 100% with you. All I'm saying, you can try to trace it back to maybe it's 1% of the price. Maybe it's 3% of the price.
Maybe whatever the percentage is, I'm not saying it's exclusive, but you can trace it back to the decision being made to support the energy companies and say, we are going to reduce production rather than just letting the market play out and saying, we'll let gas prices stay as low as they are based off of supply and demand. Now, do I agree with you that supply chain disruption, transitory?
Maybe whatever the percentage is, I'm not saying it's exclusive, but you can trace it back to the decision being made to support the energy companies and say, we are going to reduce production rather than just letting the market play out and saying, we'll let gas prices stay as low as they are based off of supply and demand. Now, do I agree with you that supply chain disruption, transitory?
Yes, for sure.