Episode 5696: Why Are We Flattering The Globalists

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Bannon`s War Room 54 min 7 speakers 8 chapters transcribed just now

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How could U.S. oil production and Venezuelan crude help lower fuel costs?

Eric Bolling 0:00

did in their heyday seven that's four there easily bring venezuela from one now what they're doing now their heyday was three there's your six million that fills the gap and then you bring in some of the you mentioned guy under the gas deposits fracking maybe maybe drill on our Alaska North Slope crude used to be a massive provider of oil for us. Right now, Texas is number one. New Mexico is number two. Alaska used to be number one. We can do that again. When we do that, Steve, the American president becomes the most powerful human being. He already is on the planet, but he has the power to make or break any economy on the planet. Can you imagine that power? That supersedes any other sort of nuclear power you could possibly have because you could do it without a gunshot fired just by the barrel.

Stephen K. Bannon 0:44

I haven't had a chance to ask you because we haven't had a chance to have you on the show recently, but this diesel, stop exporting diesel, which I've advocated from day one and also cut the federal tax on this as we get through the remainder, whatever remains of this war. Of course, Scott Besson said, Scott Besson said yesterday on TV, these guys have got two or three weeks until basically you're near economic collapse. What are your thoughts about diesel and what are your thoughts about the federal gas

Eric Bolling 1:10

tax? Diesel at $6.50 is hugely problematic. If you remember early on, I sent it to Susie Wiles and Hegseth and Miller, just drop the federal gas tax. The problem is it's only $0.18 a gallon for gasoline, maybe $0.25 a gallon for diesel. It's not going to... It's not going to be enough. You need governors to drop their state tax. That's where the real meat of tax on fuel comes from at the state level. So you're not going to get California to do it, but you'll possibly get some red states. Maybe people move to the red states for the cheaper fuel. It's got to be an all-hands-on-deck effort. I'm telling you... Louisiana, Mississippi, those refineries are already tooled out to take more Venezuelan sour heavy crude.

Eric Bolling 1:55

We can fix this problem very quickly. Part of it is what he's going to do with Dulce Rodriguez. I hope he gets more oil. He's got 17 oil fields for 100 years. I think we need the whole Venezuelan. They have 300 billion barrels of reserves, the biggest in the world under their soil. Number one, bigger than Saudi Arabia, Russia, United States, or anywhere else. In Venezuela, we should be tapping into that. That's where we go.

Stephen K. Bannon 2:22

You see, Eric, before I let you go, I love the fact. I didn't get it from the White House. I talked to my trader buddies. The word always gets to the traders first, right?

Eric Bolling 2:32

They don't write that in the Harvard textbook, Steve.

Stephen K. Bannon 2:36

No, they don't. Eric Bolling, thank you so much, brother. Appreciate

Eric Bolling 2:39

you. Always love doing the handoffs. Love the

Stephen K. Bannon 2:40

handoffs. Thank you, sir. Thank you, brother. We've got a little bit of a cold open. Here's what I want to do before we play the cold open. I've got Neil. Of course, the New York Times is all over a huge story on real America's voice. Of course, they don't have the picture of Parker Sig, who's leading this. They don't have a picture of your humble servant.

How could Iowa’s new steel plant boost American manufacturing and jobs?

Stephen K. Bannon 3:04

The big, huge picture is Neil McCabe. I'll just let that sit. We're going to talk about what happened at the old day, 2 o'clock. It wasn't about AIs. It was about steel that we like much better. Parker's going to join us. Neil's with us. Tony Lyons, huge. So tomorrow is going to be cray-cray. We've got the hearing at Jack Smith in front of Oversight. We have a all-day Make America Healthy Again conference. And, of course, I'm having DeGrasse and Caroline come in. We're going to break down and get into the details, show you the receipts. and where we actually stand in all of this, everything in the next 30-some days must be delivered, or we're going to serve up the House and the Senate. No need to serve that up.

Stephen K. Bannon 3:51

We're going to rewind so much that's been done that's great. Let's go ahead and play. We've got a cold open. We started the show already. Let's go ahead and play a cold open from the Oval Office today.