Political Quotes

“I hope the Senator from Wyoming will stay so we might have a discussion. Why has the price of gasoline gone up? Why did it start going up about the same time that Joe Biden became President? Was it because of the cancelation of the Keystone Pipeline? No. Most of the oil going through the Keystone Pipeline was scheduled to be exported, so I don't think that was it. Was it a pause in leases that wouldn't have produced oil for 3 or 4 years? No. There are something like 8,000 leases that are currently in place that aren't being drilled upon, so I don't think that did it. Do you know what caused gas prices to go up? The extraordinary recovery that the economy went through starting in early 2021, after Joe Biden became President--one of the quickest recoveries in our history from a recession. If you look back to the recession of 2007 and 2008, you see a slow--I call it a lazy U. You see a downward of the recession, and then jobs and the economy came back very slowly over 5, 6, 7 years. The recession recovery from 2021, from the pandemic recession, is a V, and we recovered virtually all of the jobs that were lost during the pandemic in the last 14 months. GDP has grown as fast as it has in our history. The economy came back enormously rapidly. Oil was down in 2019 and 2020 because of the pandemic.…”