Scott Besant
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
Well, it's a ridiculous question.
Why would we do that?
That we have plenty, we have a trillion dollars in this year's budget for the military, and President Trump, even before the conflict started, had said that he would like to further build out the military.
You're starting to think, if this does keep persisting as it is, that the Navy has to go into the Strait of Hormuz to help ships get through, which would have a big effect.
Look, that was always in our planning.
And was that what you were just discussing in the Situation Room?
We were discussing a plethora of things.
And is it your belief