Scott Besant

speaker
860 appearances 122 recordings 17 series first heard Dec 2024 last heard 5 Jun

Scott Besant’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 77 in all, peaking in Jan 2026 with 26.

Appearances

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Talk to consumers.
How much will it change prices here at home?
Just let me explain.
140 million barrels, about 20 million barrels a day,
comes out of the Gulf.
About 5 million has been repurposed by the Saudis, by the UAE.
So we're at a 15 deficit.
About 1.5 is Iranian oil that comes out.
So we are at between a 10 and 14 million
deficit on a daily basis.
So if you think about 140 million barrels, that's between 10 days and two weeks of supply.
Again, Kristen, why don't we have good facts here?
That Iranian oil was always going to be sold to the Chinese.
It was going to be sold at a discount.
So which is better, Kristen?
the which is better if they were if oil prices spiked to 150 and they were getting 70 of that or oil prices below 100 it's better to have them where they are now and to be clear we had always planned for this contingency about 140 million barrels are out on the water in essence we are jujitsuing the iranians we're using their own oil against them
We have a much better line of sight, to be clear, at Treasury when this oil goes to, if it goes to Indonesia, if it goes to Japan, if it goes to Korea, we have a much better line of sight and are able to block accounts that the oil goes into.
When it goes into China, it completely gets recycled.
So to be clear, that 14 billion number is grossly overstated.
Again, Kristen, the terrible framing, I think that- Well, it's just a simple question that I think a lot of people have.
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