Rising Oil Prices - John Kilduff

  • Aired:  02/28/12
  •  | Views: 8,444

With the economy on the upswing, Barack Obama's approval rating soars, but one thing could put the breaks on his momentum. (5:38)

REACHED MY GOAL.

20 MORE MINUTES!

[ LAUGHTER ]

BUT EVEN ON A JOYOUS OCCASION

LIKE TONIGHT, THERE'S A CLOUD

LOOMING:

BARACK OBAMA.

[ LAUGHTER ]

WITH THE ECONOMY ON THE UPSWING,

HIS APPROVAL RATING HAS SOARED

TO 53%, AND HE WOULD TROUNCE

BOTH ROMNEY AND SANTORUM BY

DOUBLE-DIGITS.

BUT THAT'S ONLY AFTER 20

DEBATES.

AMERICA DON'T KNOW THEM YET.

LUCKILY, THERE'S STILL SOMETHING

THAT COULD PUT THE BRAKES ON.

OBAMA'S MOMENTUM.

>> GAS PRICES CONTINUE TO SOAR

WITH NO RELIEF IN SIGHT.

>> CAN'T GET A BREAK WHEN IT

COMES TO GAS PRICES.

REGULAR SHOT UP 12 CENTS

NATIONWIDE, THE AVERAGE PRICE

FOR A GALLON OF GAS?

$3.64

>> WHEN OIL AND GAS PRICES GO

UP, FLIGHT PRICES GO UP TOO, SO

THAT COULD MEAN FEWER PEOPLE

DRIVING.

>> SPUN OUT RIGHT BEHIND YOU.

DID YOU SEE THAT?

>> I CAN'T.

YEAH, LOOKS LIKE THEY'VE GOTTEN

IN AN ACCIDENT OUT HERE.

>> PROBABLY SHOCKED ABOUT IT GAS

PRICES.

[ LAUGHTER ]

>> Stephen: YES, GAS PRICES ARE

SO HIGH, OUR CARS HAVE LOST

THEIR WILL TO LIVE.

[ LAUGHTER ]

AND EVERYBODY KNOWS WHO IS TO

BLAME.

EVERYBODY KNOWS THE PRESIDENT HE

HAS PERSONAL CONTROL OVER THE

OIL SUPPLY.

DID YOU KNOW BEFORE THIS

PRESIDENT EISENHOWER USED TO

PUMP YOUR GAS?

FOLKS, NO ONE WILL EVER CONVINCE

ME THAT OBAMA CAN'T SINGLE

HANDEDLY BRING DOWN OIL PRICES.

HERE TO CONVINCE ME IS OIL

ANALYST AND HEAD OF AGAIN

CAPITAL, JOHN KILDUFF.

THANK YOU FOR JOINING ME.

HAVE A SEAT.

WHY ISN'T OBAMA PICKING UP THE

MAGIC RED PHONE AND TELLING

EXXON TO DROP THEIR PRICES.

BECAUSE HE CAN'T.

>> HE CAN.

>> CAN HE NOT.

>> THE WORLD MARKET SETS THE

PRICES.

>> THE UNITED STATES IS A

SUPERPOWER.

HE IS HEAD OF THE SUPERPOWER.

HE NEEDS TO THROW THE MUSCLE

AROUND AND SAY TO SAUDI

ARABIA --

>> HAS NO CONTROL.

>> STEPHEN: DO YOU NOT

UNDERSTAND UH-UH.

>> HE HAS NO CONTROL OVER THE

MARKETS IN EUROPE AND LONDON

BASED ON WHAT IS PRODUCED,

CONSUMER AND WHETHER OR NOT IT'S

NOT THREATENED WHERE IT'S

PRODUCE.

>> GIVE ME THIS, EVERY SPRING

THAT OBAMA HAS BEEN PRESIDENT

THE OIL PRICES ARE CREEPED UP.

THAT'S A COINCIDENCE.

>> IT'S COINCIDENCE WITH THE

SUMMER TIME DRIVING SEASON.

>> STEPHEN: IT'S A COINCIDENCE

THAT PEOPLE DRIVE MORE WHEN

OBAMA IS PRESIDENT IN THE

SUMMER.

>> NO, SIR, IT HAPPENS EVERY

YEAR.

>> Stephen: REALLY.

ARE THERE FORCES OUTSIDE THE

UNITED STATES CONTRIBUTING TO

THIS.

>> WE IMPORT TWO-THIRDS OF OIL.

WHEN WE ARE WORRIED ABOUT IRAN

TRYING TO GET A NUCLEAR BOMB.

>> STEPHEN: IT'S AN OBAMA

FAILURE RIGHT THERE.

IRAN GETTING A BOMB.

THAT'S THE FAILURE.

WHY NOT INVADE IRAN AND TAKE

THEIR OIL?

>> I THINK YOU SEE HOW WELL THAT

HAS GONE FOR US WHEN YOU TALK

ABOUT INVADING IRAQ.

IRANIAN ONES ARE ALL THE

MARBLES.

NOT ONLY WILL THEIR OIL BE

AFFECTED.

IF THEY ARE ATTACKED THEY

PROMISE TO CHOKE OFF A PRECIOUS

BODY OF WATER CALLED THE STRAIT

OF HORMUZ WHERE THE OIL COMES

THROUGH.

THEY ARE THREATENING TO BLOCK

THE SHIPMENT OF THE OIL.

>> STEPHEN: HERE IS ANOTHER

OBAMA FAILURE, KEYSTONE, XL

PIPELINE.

WE WOULDN'T BE DEPARTMENT UPON

OUGHT ARABS IF WE COULD GET THE

XL PIPELINE.

IF HE HADN'T CANCELED IT, I

WOULD BE BRUSHING MY TEETH WITH

GSO LEAN RIGHT NOW.

WOULDN'T THAT CHANGE, BRING THE

PRICE DOWN LIKE TOUT SWEUT.

>> EVERYONE KNOWS WHEN YOU BRING

OIL IN IT GOES DOWN.

>> THE PIPELINE IS YEARS AWAY.

WE NEED IT FOR THE ENERGY

SECURITY GOING FORWARD.

I'M FOR IT.

>> STEPHEN: WHAT WILL

ALTERNATIVE FUEL.

>> ABSOLUTELY AND WE ARE.

>> STEPHEN: THE PRESIDENT IS

TALKING

TALK POURING ALGAE IN OUR

TANKSEN THE ALGAE MAKES FUEL

THAT WE CAN BURN IN THE CARS.

THEY MAKE -- IT'S A SUBSTITUTE

FOR ETHANOL.

THE WAY CORN TURN INTO ETHANOL.

EXXON SMOABL DEVELOPING A

COMMERCIAL SCALE PLANT THAT

TURNS ALLEGE YEAH INTO ETHANOL.

>> STEPHEN: YOU KNOW WHAT I

THINK WE SHOULD GO WITH?

PUPPIES?

HEAR ME OUT.

WE PUT PEANUT BUTTER ON THE

TURBINE BLADE AND THEY LICK OUR

WAY TO ENERGY INDEPENDENCE.

WILL THAT WORK.

AS A PROFESSIONAL GOOD-YOUR

OPINION.

>> NO.

[ LAUGHTER ]

TOO OFFENSIVE.

PEOPLE HAVE ENOUGH PROBLEMS SWAL

YOKE THE DAMAGE OIL DOES TO THE

ENVIRONMENT IN OTHER WAYS.

I DON'T THINK KILLING PUPPIES

WILL GET US ANYWHERE.

>> STEPHEN: I SAID NOTHING

ABOUT KILLING PUPPIES.

GIVING THEM PEANUT BUTTER AND

ASKING THEM TO LICK IT OFF THE

TURBINE BLADE.

DO YOU KNOW ANYTHING ABOUT THE

OIL INDUSTRY?

THANK YOU SO MUCH FOR JOINING

ME.

[CHEERS AND APPLAUSE]

JOHN KI LDID YOU HAVE,

EV