Lester Holt Smugly Editorializes on Gas Prices, Promptly Gets SCHOOLED By Sen. Tim Scott

MRC Latino | November 8, 2023
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LESTER HOLT: Your time is up but let me just follow up. The idea of pumping gas, of turning on pipelines, that does not put- make gas cheaper that day. I'm talking about: you become president, what can you do specifically to help people feel better about their situation or be better with their situation?

U.S. SEN. TIM SCOTT (R-SC): Well, actually it does, to be honest with you. The way that the economy works is it works on the ability to anticipate excess supply versus the demand. When that happens, confidence drives our prices down because we know there’s going to be a greater surplus. When you allow for those who have the leases to actually start drilling, to start using those leases for more energy excavation, you put our economy in the strongest position and, as a result of that, prices start going down.