Bill Weir: Trump’s Vision of Energy Independence Is a Myth that ‘Moves Us Closer to a Climate Crisis’

RUSH TRANSCRIPT The road ░░░░░░░░ eat the turtle I ░░░░░░░░ that joke All right ░░░░░░░░ CNN reporting this morning ░░░░░░░░ a problem with President ░░░░░░░░ s vision of energy ░░░░░░░░ According to the president ░░░░░░░░ U S Drilling would ░░░░░░░░ gas prices reduce Americans ░░░░░░░░ of living and increase ░░░░░░░░ nation s energy independence ░░░░░░░░ chief climate correspondent Bill ░░░░░░░░ is here in the ░░░░░░░░ as you report is ░░░░░░░░ for what exactly Facts ░░░░░░░░ sometimes when Just get ░░░░░░░░ of all the foreign ░░░░░░░░ that comes from Canada ░░░░░░░░ Saudi Problem Not all ░░░░░░░░ is created equally Let ░░░░░░░░ talk about the basics ░░░░░░░░ s everything from sweet ░░░░░░░░ crude which is like ░░░░░░░░ champagne of oil down ░░░░░░░░ heavy sour which is ░░░░░░░░ like wet coffee grounds ░░░░░░░░ This stuff is light ░░░░░░░░ easy to process and ░░░░░░░░ U S pumps a ░░░░░░░░ of it and we ░░░░░░░░ it to export and ░░░░░░░░ goes into kerosene and ░░░░░░░░ The problem is the ░░░░░░░░ was built on sticky ░░░░░░░░ grounds over the years ░░░░░░░░ so are U S ░░░░░░░░ are set up to ░░░░░░░░ the heavy dense stuff ░░░░░░░░ alberta tar sands The ░░░░░░░░ in the name it ░░░░░░░░ like sandy tar and ░░░░░░░░ is processed this way ░░░░░░░░ along the gulf of ░░░░░░░░ a lot of these ░░░░░░░░ can deal with more ░░░░░░░░ the lighter campaign stuff ░░░░░░░░ here s the big ░░░░░░░░ John We produce a ░░░░░░░░ more champagne than coffee ░░░░░░░░ exporting about 13 million ░░░░░░░░ a day of the ░░░░░░░░ sweet stuff while importing ░░░░░░░░ half that much from ░░░░░░░░ other countries So again ░░░░░░░░ idea that we could ░░░░░░░░ off imports from Canada ░░░░░░░░ not feel the ramifications ░░░░░░░░ would completely upend the ░░░░░░░░ system and would drive ░░░░░░░░ prices through the ceiling ░░░░░░░░ for Here And how ░░░░░░░░ the oil companies feel ░░░░░░░░ these calls to drill ░░░░░░░░ drill more Do they ░░░░░░░░ like they can Economics ░░░░░░░░ price of a barrel ░░░░░░░░ oil the projections You ░░░░░░░░ it takes 10 years ░░░░░░░░ to get a well ░░░░░░░░ And so they re ░░░░░░░░ over at China or ░░░░░░░░ half of the new ░░░░░░░░ sold are electric They ░░░░░░░░ looking at oil demands ░░░░░░░░ the world how they ░░░░░░░░ sink petrochemicals plastics All ░░░░░░░░ those calculations are going ░░░░░░░░ how they do this ░░░░░░░░ there s not a ░░░░░░░░ demand There s not ░░░░░░░░ of you know he ░░░░░░░░ from these oil CEOs ░░░░░░░░ promised complete carte blanche ░░░░░░░░ But they re not ░░░░░░░░ re not exactly chomping ░░░░░░░░ the bit to open ░░░░░░░░ wells Wells We re ░░░░░░░░ talking about shale Or ░░░░░░░░ we talking about both ░░░░░░░░ massive spike in natural ░░░░░░░░ which is a different ░░░░░░░░ of fuel of course ░░░░░░░░ a lot more of ░░░░░░░░ sweet light champagne that ░░░░░░░░ out of those fracking ░░░░░░░░ Thirsty Every barrel of ░░░░░░░░ stuff that gets pumped ░░░░░░░░ burns is closer to ░░░░░░░░ climate crisis and the ░░░░░░░░ now are cheaper than ░░░░░░░░ petrochemicals So something to ░░░░░░░░ in mind.