Gas prices about to jump?

December 09, 2015

Editor

The price per barrel of oil went up slightly on Wednesday.

Glenn's radio co-hosts, Pat Gray and Stu Burguiere, commented on the implications during Glenn's radio program, as Glenn continued his travels throughout the Middle East and Europe.

Prices went up a bit from about $40 per barrel --- the lowest price since 2009.

"These extreme prices in oil are not necessarily good," Pat said. "I mean, I know $20 a barrel sounds really good because that's half of what it costs right now."

Listen to the full segment or read the transcript below.

Below is a rush transcript of this segment, it might contain errors.

PAT: The price per barrel of oil went up a little bit.

STU: Yeah, it was very low. I think it was the lowest since 2009 just the other day.

PAT: Right around 40 bucks a barrel.

STU: And it's up a little today because now the stockpiles -- they expected an increase of I think two or 3 million barrels, and they got a decrease of 2 million barrels. Something like that. So it's kind of shocking, I guess, to the market. But how it relates to actual -- your life, you know, gas prices have obviously been pretty low recently. And there's so much disagreement on what's going to happen next with oil prices in that there are a lot of people saying it could go down as low as $20 a barrel which is basically half price of what you're paying now. And then there are several experts, one of which I saw specifically mentioned, within the next two years, they expect oil to hit $150 a barrel. Now, I don't know if that means, that you just tune it out and don't care because -- the predictions are so all over the board. But think about what this means for the Middle East. We talk about the Middle East all the time and ISIS and how these things develop.

Saudi Arabia is expected to run a 20 percent deficit for their budget this year.

PAT: Really?

STU: 20 percent. That's a lot of money to be in deficit.

PAT: Yeah.

STU: They are even projecting their first deficit. They don't say it's as big. But they're projecting a deficit as well. They're forced now to borrow money. They can't balance their budget. Venezuela, we talked about yesterday, is in serious trouble because they don't -- their production has been dropping for a long time. They don't make -- you know, they subsidize the oil prices, anyway, gas prices in their own country. A lot of that gets sold in the black market to Columbia. It's a bizarre situation. But they're falling apart. A lot of these countries that were already unstable are really getting beaten up by this. And you can argue in some ways it's a good thing. I don't want Russia to necessarily have a lot of money.

PAT: No.

STU: But instability shakes into a lot of bad things.

PAT: Yeah, and these extreme prices in oil are not necessarily good. I mean, I know $20 a barrel sounds really good because that's half of what it costs right now. And so then you think, well, okay, if that translates at the pump, which it doesn't always do, but if it did, that's another 50 percent reduction in the cost at the gas pump, which would be tremendous. It's like $1.75 a gallon here in Texas right now, at least in the Dallas metroplex.

STU: Can you imagine spending under a dollar for gas again?

PAT: I can't imagine it.

STU: You can't imagine it. There are some people that are saying it's possible.

PAT: I can't imagine it. And I can't imagine American oil companies being able to function in that way. I mean, not for very long. A lot of them are going out of business or laying off people, and that's not good for the economy. Conversely though, 150 a gallon would be horrific too. I mean, that's just catastrophic for the economy and for people. So I kind of want somewhere in between.

STU: Look at you.

PAT: I know.

STU: You're just --

PAT: I know. Mr. Let's Have Something, You Know, Moderate Happen Here.

STU: You are a moderate. That's Pat Gray. When I think of Pat Gray, I think moderate.

(laughter)

You just --

PAT: Yeah. I scream moderation.

STU: I never know how you feel about things.

PAT: I know. Because I'm too, well, moderate.

STU: It's too hot, too cold, just right.

PAT: Just right.

STU: Just right for Pat Gray.

PAT: Right.

STU: But I don't know. It's going to be interesting to see what happens with it because that used to be the thing that drove every election result. What are our gas prices right now? That used to be the only thing they talked about in the media, what gas prices were. Well, they got really high with Obama, and they stopped that. And they haven't really gone back to it now.

PAT: Well, not until there's a Republican in office, then they'll go back to it.

STU: Yeah, because if it does hit $150 a barrel in 2017, guess who will get blamed for it if there's a Republican president?

PAT: The Republican. The Republican president.

STU: Oh, yeah. Uh-huh.

PAT: Ted Cruz. He'll be blamed.

STU: But he hasn't actually won the nomination yet or the election.

PAT: But he's going to. But that will happen. That's a foregone conclusion.

STU: It is?

PAT: Yeah.

Featured Image: Customers get gasoline at a Chevron station on October 30, 2015 in Corte Madera, California. (Photo by Justin Sullivan/Getty Images)

What is the Secret Service trying to hide about Trump's assassination attempt?

KAMIL KRZACZYNSKI / Contributor, Anadolu / Contributor | Getty Images

This past weekend we were mere inches away from a radically different America than the one we have today. This was the first time a president had been wounded by a would-be assassin since 1981, and the horrific event has many people questioning the competency and motives of the supposedly elite agents trusted with the president's life.

The director of the Secret Service apparently knew about the assassin's rooftop before the shooting—and did nothing.

Kimberly Cheatle has come under intense scrutiny these last couple of weeks, as Secret Service director she is responsible for the president's well-being, along with all security operations onsite. In a recent interview with ABC, Cheatle admitted that she was aware of the building where the assassin made his mark on American history. She even said that she was mindful of the potential risk but decided against securing the site due to "safety concerns" with the slope of the roof. This statement has called her competence into question. Clearly, the rooftop wasn't that unsafe if the 20-year-old shooter managed to access it.

Glenn pointed out recently that Cheatle seems to be unqualified for the job. Her previous position was senior director in global security at America's second-favorite soda tycoon, PepsiCo. While guarding soda pop and potato chips sounds like an important job to some, it doesn't seem like a position that would qualify you to protect the life of America's most important and controversial people. Even considering her lack of appropriate experience, this seems like a major oversight that even a layperson would have seen. Can we really chalk this up to incompetence?

Former Secret Service Director Kimberly Cheatle KAMIL KRZACZYNSKI / Contributor | Getty Images

The Secret Service and DHS said they'd be transparent with the investigation...

Shortly after the attempted assassination, the Department of Homeland Security (DHS), which oversees the Secret Service, launched an investigation into the shooting and the security protocols in place at the rally. The DHS promised full transparency during the investigation, but House Republicans don't feel that they've been living up to that promise. Republican members of the House Oversight Committee are frustrated with Director Cheatle after she seemingly dodged a meeting scheduled for Tuesday. This has resulted in calls for Cheatle to step down from her position.

Two FBI agents investigate the assassin's rooftop Jeff Swensen / Stringer | Getty Images

Why is the Secret Service being so elusive? Are they just trying to cover their blunder? We seem to be left with two unsettling options: either the government is even more incompetent than we'd ever believed, or there is more going on here than they want us to know.

Cheatle steps down

Following a horrendous testimony to the House Oversight Committee Director Cheatle finally stepped down from her position ten days after the assassination attempt. Cheatle failed to give any meaningful answer to the barrage of questions she faced from the committee. These questions, coming from both Republicans and Democrats, were often regarding basic information that Cheatle should have had hours after the shooting, yet Cheatle struggled with each and every one. Glenn pointed out that Director Cheatle's resignation should not signal the end of the investigation, the American people deserve to know what happened.

What we DO and DON'T know about Thomas Matthew Crooks

Jim Vondruska / Stringer | Getty Images

It has been over a week since 20-year-old Thomas Matthew Crooks narrowly failed to assassinate President Trump while the president gave a speech at a campaign rally in Butler, Pennslyvania. Despite the ongoing investigations, we still know very little about the would-be assassin, which has left many wondering if the agencies involved are limiting the information that Congress and the public are receiving.

As Glenn has pointed out, there are still major questions about the shooter that are unanswered, and the American people are left at the whim of unreliable federal agencies. Here is everything we know—and everything we don't know—about Thomas Matthew Crooks:

Who was he?

What we know:Thomas Crooks lived in Bethel Parks, Pennsylvania, approximately an hour south of Butler. Crooks went to high school in Bethel Parks, where he would graduate in 2022. Teachers and classmates described him as a loner and as nerdy, but generally nice, friendly, and intelligent. Crooks tried out for the school rifle team but was rejected due to his poor aim, and reports indicate that Crooks was often bullied for his nerdy demeanor and for wearing camo hunting gear to school.

After high school, Crooks began work at Bethel Park Skilled Nursing and Rehabilitation Center as a dietary aide. In fact, he was scheduled to work on the day of the rally but requested the day off. He passed a background check to work at the facility and was reportedly an unproblematic employee. Crooks was also a member of a local gun club where he practiced shooting the day before the rally.

It was recently revealed that sometime before his attempted assassination, Crooks posted the following message on Steam, a popular computer application used for playing video games: "July 13 will be my premiere, watch as it unfolds." Aside from this, Crooks posted no warning or manifesto regarding his attack, and little other relevant information is known about him.

What we don't know:It is unclear what Crook's political affiliations or views were, or if he was aligned with any extremist organizations. Crooks was a registered Republican, and his classmates recall him defending conservative ideas and viewpoints in class. On the other hand, the Federal Election Commission has revealed he donated to a progressive PAC on the day Biden was inaugurated. He also reportedly wore a COVID mask to school much longer than was required.

Clearly, we are missing the full picture. Why would a Republican attempt to assassinate the Republican presidential nominee? What is to gain? And why would he donate to a progressive organization as a conservative? This doesn't add up, and so far the federal agencies investigating the attack have yet to reveal anything more.

What were his goals?

What we know: Obviously we know he was trying to assassinate President Trump—and came very close to succeeding, but beyond that, Crooks' goals are unknown. He left no manifesto or any sort of written motive behind, or if he did, the authorities haven't published it yet. We have frustratingly little to go off of.

What we don't know: As stated before, we don't know anything about the movies behind Crooks' heinous actions. We are left with disjointed pieces that make it difficult to paint a cohesive picture of this man. There is also the matter that he left explosives, ammo, and a bulletproof vest in his car. Why? Did he assume he was going to make it back to his car? Or were those supplies meant for an accomplice that never showed up?

The shocking lack of information on Crooks' motives makes it seem likely that we are not being let on to the whole truth.

Did he work alone?

What we know: Reportedly, Crooks was the only gunman on the site, and as of now, no other suspects have been identified. The rifle used during the assassination attempt was purchased and registered by Crooks' father. However, it is unlikely that the father was involved as he reported both his son and rifle missing the night of the assassination attempt. Crooks' former classmates described him as a "loner," which seems to corroborate the narrative that he worked alone.

What we don't know: We know how Crooks acquired his rifle, but what about the rest of his equipment? He reportedly had nearly a hundred extra rounds of ammunition, a bulletproof vest, and several homemade bombs in his car. Could these have been meant for a co-conspirator who didn't show? Did Crooks acquire all of this equipment himself, or did he have help?

There's also the matter of the message Crooks left on the video game platform Steam that served as his only warning of the attack. Who was the message for? Are there people out there who were aware of the attack before it occurred? Why didn't they alert authorities?

We know authorities have access to Crooks' laptop and cellphone that probably contain the answers to these pertinent questions. Why haven't we heard any clarity from the authorities? It seems we are again at the mercy of the federal bureaucracy, which begs one more question: Will we ever know the whole truth?

Who will be Kamala Harris' VP pick?

JIM WATSON / Contributor, Chris duMond / Stringer, Justin Sullivan / Staff | Getty Images

Over the weekend, President Joe Biden officially dropped out of the 2024 presidential election and put forward his endorsement behind his Vice President Kamala Harris.

Glenn recently predicted that Biden would step down due to the mountain of pressure within his party to do so. But now that we are here we are faced with an all-new line of questions, like, who will be the candidate on the Democratic ticket? Who will be their pick for vice president?

As of now, the answer to the first question seems to be Kamala Harris, who received the support of the president and several prominent democrats. It's still too early to call for certain, and Glenn doesn't think it's likely, but assuming Kamala becomes the Democrat nominee, who will her VP pick be? There are endless possible options, but there are a 5 big names that could prove beneficial to Harris' campaign:

California Gov. Gavin Newsom

Bill Pugliano / Stringer | Getty Images

Governor Newsom has spiked in popularity within his party since his taking office in 2019 due to his scathing criticisms of President Trump and other Republicans. Newsom has been a popular contender as a possible Biden replacement, and a future presidential bid seems likely.

His widespread recognition may be a boon to Kamala's ticket, but the California governor comes with a dark side. Newsom was famously nearly recalled as Governor in 2021, hanging on to his office by a narrow margin. He also faced criticism for his hypocrisy during the COVID lockdowns, attending large gatherings while the rest of his state was locked inside. There's also the issue that both Newsom and Kamala are from California, meaning that if they were to appear on the same ticket, that ticket would lack geographical balance and would potentially lead to a Constitutional issue that would force the duo to forfeit all 54 of the states' Electoral College votes.

Pennsylvania Gov. Josh Shapiro

Tom Williams / Contributor | Getty Images

Another prominent Democrat Governor, Josh Shapiro has also been floated as a potential VP pick. Governor Shapiro has become a viable pick due to his well-received performance as Pennslyvania's Governor. The governor has good support within the swing state due to his handling of the I-95 bridge collapse, the train derailment in East Palestine, which had effects on his state, and the assassination attempt on the former president last week. Shapiro would bring much-needed support from the swing state if he was put on the ticket.

That being said, Shapiro has little time to build nationwide name recognition before the DNC in August and the November election. This would be Shapiro's debut on the national stage, and he would find himself in the most unforgiving situation possible.

Secretary of Transportation Pete Buttigieg

FREDERIC J. BROWN / Contributor | Getty Images

Former mayor of South Bend, Indiana, and opponent of Biden during the 2020 Democratic primaries, "Mayor Pete's" name recognition might be what Kamala needs on her presidential ticket. Buttigieg rose to popularity during the 2020 election due to his youth and status as "openly gay." Buttigieg has served as the Secretary of Transportation during the Biden administration for the past four years and has formally endorsed Harris.

Nevertheless, Buttigieg has some dark spots on his resume. The East Palestine train derailment disaster has besmirched his reputation as Secretary of Transportation. And while his youth may work in his favor when compared to the other elderly members of our federal government, it also means Buttigieg lacks the experience and prestige that other politicians enjoy.

Michigan Gov. Gretchen Whitmer

Noam Galai / Stringer | Getty Images

Yet another governor of a crucial swing state, Whitmer was elected in 2018, two years after President Trump was elected, helping secure the state for the Democrats. Whitmer is known for her strong opposition to Trump, both during his presidency and his reelection campaign. Whitmer serves as co-chair for the Biden-Harris campaign and as vice chairperson of the DNC, which gives her influence over the Democratic party, something that would come in handy as a Vice President. Gov. Whitmer also established the Fight Like Hell PAC, which is dedicated to helping Democrats get elected and to stopping Trump by any means.

On the other hand, in a statement following Biden's resignation from the election, Governor Whitmer stated that her role “will remain the same.” It is also worth noting that if she were to be chosen as Kamala's VP, that would make their ticket all-female, which may foster some "woke points," but is politically risky.

Kentucky Gov. Andy Beshear

Lexington Herald-Leader / Contributor | Getty Images

Andy Bashear has seemingly beaten the odds twice, having been elected and reelected as the Governor of Kentucky, despite the deep-red nature of the state. Beshear, who has moderate tendencies, would be a boon to the Harris campaign as he has a track record of reaching rural, typically conservative regions where Democrats tend to struggle. He is also known for his propensity to talk about his Christian faith and willingness to work with Republicans, which are traits that might help win over moderates.

But, like Gov. Shapiro, Bashear has very little time to whip up national support and recognition. He also is unlikely to be very much help for the Harris campaign in winning over important swing states.

Five times Glenn had J.D. Vance on his show and where he stands on key issues

CHANDAN KHANNAMANDEL NGAN / Contributor | Getty Images

We finally have an answer to the long-awaited question of who Trump will pick for his running mate, and it's none other than Ohio Senator and friend of the show, J.D. Vance. At the RNC in Milwaukee, Trump officially accepted the party's nomination as the Republican candidate and announced J.D. Vance as his running mate.

Glenn has had Senator Vance on the show several times to discuss everything from DEI to the Southern Border. If you are looking to familiarize yourself with the next potential Vice President, look no further, here are five conversations Glenn had with Trump's VP pick:

Glenn's Show Prep