Also in this playlist...
This transcript is automatically generated
I'm Bill O'Reilly reporting all this week from Los Angeles, California thanks for watching -- tonight President Obama you know.
And gas prices that is subject of this evening's talking points memo.
Drive and in from the LA airport yesterday I saw gas -- it's at four dollars and fifty cents a gallon for fifty.
All across the country we're now paying the highest gas prices at this time of year ever.
But pres Obama has the little about it.
That's very strange.
Because the president's main focus has been on helping working Americans and redistributing.
To those who don't have very much well what we're really doing now.
Is redistributing money to the oil companies right.
The president is working Americans a payroll cut tax.
But instead of the extra income going into the bank -- those -- the of the gas tank.
What's really happening here is that working Americans and the poor are getting hosed at the top and because of that.
There economic position is weaker rich people it doesn't matter added that so why is this happening.
Well Lou Dobbs says his play -- and America the record warm winner means reserves away.
But to make bigger profits.
The oil companies are setting their refined products.
Primarily jet fuels diesel and gasoline.
Which normally would be an abundance right now yeah.
Is being shipped oversized were now part of the world market like it or not.
And the fact of the matter is we are competing with demand in China in Europe and -- primarily in Latin America.
So let's be very clear this planning your loyal in the US today.
Prices should not be at record levels but they are because the oil companies are sending their products overseas to make more money.
What is the federal government doing about that zero.
Not saying they're not.
Remember the oil companies are heavily regulated they can't operate without government approval in fact under the Obama administration oil drilling in the ocean.
And land leased to oil companies.
Have been drastically cut back.
Apparently president doesn't want oil companies to have an easier time that's why he killed a Canadian oil pipeline.
But even if that pipeline were built.
The oil flow generated from Canada would most likely wind up all over sees.
So we the people are caught in the crossfire.
The Obama administration wants the price of oil would go up as high as possible so that America's demand alternative energy electric cars things like that.
And the oil companies now they can make more money in China so they send the stuff over there.
And at the same time they raise the price of the -- year.
It's how refuges.
Were getting have heard from both the government and the oil companies.
It's my job to tell you that your right now we are all being taken advantage.
By an administration that has an anti fossil fuel agenda.
And an oil industry that he manipulates the US market.
Who's looking out for us.
Filter by section