"...if you've got less supply of something, as demand continues to stay steady or grow, your price is going to go up."
GLENN: Let me change the subject for a second here.
VOICE: Wormhole evidence!.
GLENN: Give you evidence that we have slipped through a wormhole! In my America, the one I grew up in, the President wouldn't actually have to have a press conference to explain this. Listen carefully to just how stupid this guy is.
PRESIDENT BUSH: We haven't built a refinery in a long time. We're expanding refineries but we haven't built a refinery in a long time. I strongly suggested to congress that we build refineries on old military bases but, no, it doesn't pass. But if you've got less supply of something, as demand continues to stay steady or grow, your price is going to go up. Secondly on oil, the more oil we find at home, the better off we're going to be in terms of the short run.
PRESIDENT BUSH: And yet our policy is let us not explore robustly.
GLENN: That's right.
PRESIDENT BUSH: In places like ANWR. And there are environmental concerns and I understand that and I also know there's technologies that should mitigate these environmental concerns. I've got a bill up there in congress now, their attitude is let's tax oil companies.
GLENN: That's right!
PRESIDENT BUSH: All that's going to do is make the price even higher.
PRESIDENT BUSH: We ought to be encouraging investment in oil and gas close to home if we're trying to mitigate the problems we face right now. So yeah, there's a lot of uncertainty and I'm concerned.
GLENN: Stop, stop. I don't think I need to say much more.
VOICE: Wormhole evidence!
GLENN: In the country I grew up in, the President would say, we all got this, right? I mean, we're all clear. I'm sorry, and somebody would say, "Mr. President, why did you feel it was necessary to talk about something so academic? Could we talk about real issues here? We got that." He's the President of the United States coming out saying, okay, demand is going up; let me say it slowly: We don't have any refineries. It's been 30 years since we've built a refinery. They're old. We made 1400 different varieties for California alone. Try the new Redwood forest scented gasoline that we're now making. Oh, and maybe we should look for oil. No war for oil. Okay, maybe we should look for oil instead of, you know, instead of having this idea that at some point down the road there will be little fairies that we can put into a jar and they'll magically run our cars. When we actually catch enough fairies in the jar, then we'll stop pumping oil out of the ground.
STU: But Glenn, I mean, we're trying to keep oil prices low. What about the idea of taxing the oil companies?
GLENN: What? This is -- where is that -- oh, I got a great article today from -- shoot, what was it? It was on -- it was Barack Obama's -- it was Barack Obama's plan on some other project I was working on. I can't remember now. It was that he was going to raise taxes for something. I don't remember what it was. He was going to raise taxes on an industry. The industry was saying, we're going to pass that on to the consumers. There's no other way. And so Obama's plan was raise taxes. Sure they'll raise prices, but we will then refund money to the taxpayer. That is creating another special interest group. That's all that's doing. That is taking the money from the rich because the poor won't have to pay that tax. That is a hidden tax again on the wealthy. Because he'll take the -- he will go and let's just say it's gas. You go in; I have to pay the gas tax. 60 cents, what is it, 55 cents they say that it will raise, it will raise, you know, just the environmental program that they've got going on that McCain wants.
STU: Oh, yeah.
GLENN: I think it will cost an additional 50 cents or 60 cents a gallon.
STU: It's a significant increase.
GLENN: And I'm just freewheeling here. Let's just say what they do, they want to put that in. But then Obama's plan was, all right, well, I know that will hurt the poor. So I'll just take and reimburse the poor and give them a tax break and a tax refund for the money they spend at the gas station. What are you doing? What are you talking about? That's just a hidden tax on the rich and you're taking the money from the rich and you're moving it over to the poor. That has nothing to do with gasoline. That has everything to do with... comrade!