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June 25, 2022 - The Dan Bongino Show
13:37
The Bongino Brief - June 25, 2022

President Joe Biden is proving to be the worst president in history. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Dan Bongino.
Welcome to the Bongino Brief.
I'm Dan Bongino.
This is clearly the worst president in the history of the United States.
Presidents have done more damage over time, but no person has done this amount of damage in this shorter period of time as Joe Biden.
Ladies and gentlemen, I think that's clear.
The man is a walking, talking apocalypse.
And Barack Obama warned us that Joe has an unprecedented ability to, quote, F things up.
We should have listened.
Barack Obama knew this clown better than anyone.
He is a disaster.
And he gave a speech yesterday about gas prices, which was so ridiculous and absurd that I'm actually stunned more leftist media outlets don't start turning on this guy.
Not because they want to tell the truth.
Please, please, let's tell the truth.
I mean, come on, let's be real.
It's not what they do.
But because in order to save the Democrat Party, they're going to have to throw this guy under the bus.
Here's what I mean.
I'm going to play this cut first.
I want you to listen to every second of this.
I don't know if it's about 30 seconds or whatever it may be.
Here's Biden during his speech yesterday, where he says two things that are so ridiculous that if you don't know how to parse through it, at first glance, you may say, well, this guy's not doing that bad.
What do you mean?
His average production of oil in his administration is higher than under Trump.
Notice his use of the word average here.
Very carefully.
You're going to listen a second.
And watch how he just straight up lies.
And acts like he's pushing more oil and gas production.
I'm going to debunk every second of that coming up in a second.
Listen to this first.
We cut off Russian oil into the United States and our partners in Europe did the same, knowing that we would see higher gas prices.
I know my Republican friends claim we're not producing enough oil and I'm limiting oil production.
Quite frankly, that's nonsense.
Here's the truth.
Just this month, America produced 12 million barrels of oil per day.
That's higher than average under my predecessor.
And we're on track to set a new record for production next year.
Notice what he did there.
Did you catch it?
First, he spouts the absurdity that his administration is pushing oil and gas production, which is so laughable.
I mean, really, this is like Bozo the Clown time with this guy.
But notice what he did at the end.
He catches himself.
He's about to say, this is the highest oil and gas production ever or something like that, and he stops.
And then he changes it to, no, no, no, we produce more than the average under the Trump administration.
Did you catch the trick?
You guys see what he's doing here?
Joe, what happened at the end of the Trump administration?
You remember that thing?
It was a virus or something like that?
Yeah.
You remember?
Did you catch it?
Yeah, people got sick.
You heard a little bit of it.
Yeah.
Yeah.
A few people here and there, right?
Yeah.
Yeah.
We, you know, I know it's just a couple of guys here and there.
Yeah.
We had this thing called the global pandemic.
We also had lockdowns.
Oil and gas demand plunged off the face of the earth because nobody was driving anywhere.
Now some people may remember that, likely all of you.
So did you notice what he did?
Because that happened at the end of the Trump administration, Biden quotes the average of the Trump administration, not the actual years Trump was in office where we had standard oil and gas production.
This guy is such a filthy liar that if you're a Democrat, you fall for it right away.
If you're a Republican, you come to this show where you know we'll debunk it.
So let's give you the actual data.
There's a piece in the Wall Street Journal yesterday.
Biden got the energy market he wanted.
Since day one, he's tried to limit fossil fuel supplies and we're all paying for it.
Here's the actual data on production.
When you strike out the year the pandemic broke and people stopped using oil and gas because no one was traveling anywhere, Team Biden, they say, got what they wanted.
U.S.
oil production daily dropped from 12.29 million barrels in 2019, right?
So in 2019, before the pandemic, 12.29 million barrels, right?
That's what we did before the pandemic.
Well, what was it in 2022?
Biden's pretending he's producing more oil and gas than anyone in U.S.
history.
The estimated 2022 is going to be $11.85 million.
Joe, that sounds to me, again, we don't need the abacus for this one because I think this is pretty straightforward, it sounds like less than $12.29 million, doesn't it?
That's a decrease, Dan.
That's, yeah, that's a, thank you.
Guys, should I double check on that one?
It sounds like, yeah, they're all giving me a thumbs up.
Sounds like less to me.
But you notice what he does there?
If you average in 2020, where demand and production plunged because nobody was using oil and gas, people were actually paying people to take oil off their hands in futures contracts.
That's how little demand there was.
You notice how there's always a stunt with the left?
You know, I always tell you about my friend Andy growing up.
Everything was a stunt or a scam.
That was his line.
That's a stunt.
That's a scam.
I don't know what he meant.
I just knew it was hilarious.
Everything with the Biden administration is a stunt or a scam.
We're producing 11 million, what, 11.8 million now.
Before the pandemic, we produced 12.2 million.
This isn't complicated math.
He's just lying to you.
And why are we producing less?
Because at every single step in the oil and gas production and refining chain, at every single step, Biden and his leftist ass-kissing acolytes are attacking the oil and gas industry.
You are paying more because of them.
Period.
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You can't claim on one hand that the oil and gas companies are greedy for trying to make money off a product you need, then trying to stop them from creating the product, then when you stop them, accuse them of being greedy again!
By creating a supply constraint.
Gosh, even leftists, how do you, are you, are you this dumb?
Let's go through every, I did this on Jesse's show last night, Jesse Waters, I did it quick, but I thought today it's time to go through it in a little bit more detail.
Here's every single step in the oil and gas production chain and how Biden and the left is giving you the double-barreled, family-friendly middle finger and trying to stop it.
First, you gotta finance these projects, folks.
Is any of this hard?
You go to a barren field you think may have oil underneath it.
It costs a lot of money.
You gotta bond the project.
You gotta get the capital assets.
You gotta get the rigs.
You gotta get the employees.
This stuff costs a lot of money.
It is very high operating leverage.
It's not a tech company where you start an app and you can run it out of your bedroom.
Listen, I've been involved in a lot of tech projects.
Some of them cost a lot of money, server farms and stuff.
Some of them don't.
That's not the case with oil and gas.
It takes a lot of money to get oil out of the ground.
Again, is any of this difficult for the lefties who listen?
It needs financing.
So at the financing chain, by the way, I used some left-leaning pieces just to show to you we're not making this up.
This isn't some, you know, right-leaning, conservative review, Breitbart, Bongino.com push.
Bloomberg.
Wall Street banks face new pressure to cut fossil fuel financing.
Biden could do something about this right now.
Call off the dogs!
He's not!
He's doubling down on this!
You can't finance a project, you have no money to get a drill, you can't drill into the ground with no drill!
No drill, no drilling!
These lefty groups have been pressuring banks, Wall Street, and financial firms to not lend any money to these people.
It's right there, that's Bloomberg!
You think I'm lying?
By the way, that article's from 2021, the end of 2021.
In other words, none of this is new.
There's also the organizing end of it, where companies have to organize.
They have to get insurance companies.
They have to get companies that provide capital.
They have to get equipment companies.
You don't just show up at a site.
HR companies, HR managers.
You need all of these people working together to produce a drillable site.
Well, they can't do that because, again, Zachary Halashuk, Washington examiner.
Financing, no good.
Organizing, no good either.
Biden looks to pressure investors away from fossil fuels via climate disclosures.
Folks, they're trying to get companies, say an insurance company that insures a drilling site, if they're publicly traded, they're now pushing them via the SEC and otherwise to disclose up and downstream climate.
Bottom line is they're trying to get them to never insure these sites and never invest in them.
I thought Biden just told you they're producing record amounts of oil and he's a big oil and gas champion.
He's full of stuff.
This guy's full of it.
The financing end?
Nope.
Organizing end?
Nope.
What about the drilling end?
Surely on the drilling end, Biden's a big oil and gas champion trying to lower the costs at the pump.
Here's CBS News, another left-leaning outlet.
Biden administration cancels Alaska oil and gas lease sale.
May 2022.
Did you miss this?
You really think it happened by accident?
Think someone in the White House just slipped one past the goalie?
Hey, let's cancel these leases.
Don't let Biden know.
Well, in his case, I take that back.
You never really know.
But my guess is that no, he did know about this.
His administration's doing it right now!
So is anyone asking a common-sense question to the Biden administration?
If you're an oil and gas champion trying to lower gas at the pump, why not provide financing, or get out of the way of the financing?
Why not allow companies to work in these fields?
And why wouldn't you just permit Alaska and the Gulf Coast, the leases?
He can approve them!
Is anybody asking these questions, or is it just us here?
What about the last stage, refining?
Can't finance, can't organize, certainly can't drill.
Can you refine the gas once you've drilled it?
Because we do have some active drilling sites in the United States, thankfully.
Biden hasn't managed to close them down yet.
Here on the refining front.
Notice the date, ladies and gentlemen.
March 25th, 2021.
Biden White House blocks Virgin Islands refinery expansion permit over pollution concerns.
Folks, they won't permit new refineries.
You allow this buffoon to get away with this?
They gotta bump up our refining capacity.
Well, maybe approve some refiners?
Just a thought, Joe!
Just a thought!
Maybe if you were to approve new refineries, we'd have more refining?
I mean...
What is it like to wake up a leftist every single morning and to buy into this just endless stream of verbal nonsense coming out of this guy's mouth?
The stupid is painful.
Do you dispute anything I just told you?
I just cited you articles by Bloomberg, CBS, and Reuters.
You think I made it up?
You think Reuters, CBS, and Bloomberg have an anti-Biden agenda?
Have you ever, ever seen incompetence like this, ever, in the history of the executive office of the presidency?
The answer is no, you haven't.
The Dan Bongino Show.
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