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Speaker 1: US presidential candidate Nikki Haley me while speaking one on

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Speaker 1: one with the Bloomberg's Alex Steel right now at the

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Speaker 1: American Energy Security sum It And if I was saying

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Speaker 1: this listening, you said floodgates.

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Speaker 2: Pluggates to me seem to be that all the guys

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Speaker 2: are out here, are going to go and they're going.

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Speaker 3: To pump a lot of oil right away. Is that

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Speaker 3: what you mean by pluggates.

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Speaker 4: I think that we need to understand that we don't

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Speaker 4: ever want to be dependent on anyone else. If you

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Speaker 4: look at the situation we have, look at how slow

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Speaker 4: the permitting is. We need to speed up the permitting.

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Speaker 4: We need to allow the pipelines. And let's start by

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Speaker 4: what we can do quickly. We know that if we

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Speaker 4: go to power sites and industry sites, those are the

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Speaker 4: first places we can go to start permitting those pipelines quickly.

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Speaker 4: Let's get the ep out of the EPA out of

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Speaker 4: the way. Let's stop demonizing producers. And what I want

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Speaker 4: to do is partner with producers. There is a way

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Speaker 4: to do this well, there's a way to use innovation.

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Speaker 1: There's a way to do it in a clean, safe way.

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Speaker 4: But you don't do that by pushing the ones that

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Speaker 4: are helping you away. You do that by coming together

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Speaker 4: and looking at the innovation we have. And we've seen

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Speaker 4: a lot of innovation, but there's more that can be

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Speaker 4: had when we start partnering as opposed to demonize.

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Speaker 2: So this leads me also to part of your economic

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Speaker 2: plan that you unveiled on Friday also, and part of

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Speaker 2: that is repealing the five hundred billion dollars of green subsidies. Right,

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Speaker 2: But a lot of oil producers in this room like

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Speaker 2: those subsidies because they're also partnering and doing things with

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Speaker 2: carbon capture and storage.

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Speaker 3: How do you do both?

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Speaker 4: Well, first of all, you have to I've never been

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Speaker 4: a fan of corporate subsidies. Ok, I just haven't. But

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Speaker 4: I think what we do also have to understand is

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Speaker 4: there's certain parts of the industry that get subsidies. And

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Speaker 4: so you don't stop one part of the industry from

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Speaker 4: getting subsidies if you can't stop all parts of the

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Speaker 4: industry from getting subsidies.

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Speaker 3: So we all are substies for nobody.

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Speaker 4: Well, you know, if you've got ethanol, we're not going

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Speaker 4: to stop for ethanol, while we allow for oil, we're

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Speaker 4: not going to stop for oil when we allow for ethanol.

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Speaker 1: So what do we do.

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Speaker 4: We need to find a measured approach, and the measured

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Speaker 4: approach is how do we become energy dominant? And the

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Speaker 4: way we do that is it's not just a free

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Speaker 4: for all with everyone, but you pull the rules back,

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Speaker 4: pull the regulations back, pull the bureaucracy back, and empower

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Speaker 4: the producers.

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Speaker 1: Give them reasons to want to invest.

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Speaker 4: Right now, why would a producer want to invest because

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Speaker 4: they know that these regulations and rules are going to

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Speaker 4: tear them down. What we need to do is not

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Speaker 4: make producers anymore dependent on government, but let them tell

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Speaker 4: us what they need from us to be dominant, and

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Speaker 4: that's when we'll start to see the solutions that we need.

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Speaker 3: So you would keep sort.

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Speaker 2: Of some of the energy subsidies in terms of say

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Speaker 2: carbon capture or carbon management.

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Speaker 4: We want carbon capture, that's a great thing. We want

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Speaker 4: to make sure that we do that, and that's something

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Speaker 4: that it's a win win all the way around. So

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Speaker 4: where we can find those win wins, we're going to

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Speaker 4: continue to do that. But we don't need to do

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Speaker 4: the things like what we saw in the Inflation Reduction Act.

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Speaker 1: I mean here, Joe Biden. I mean, God bless him.

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Speaker 4: He wants to put he wants all cars to be

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Speaker 4: electric by twenty thirty.

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Speaker 1: Think about that for a second.

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Speaker 4: First of all, you're looking at the fact seventy percent

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Speaker 4: of the electric vehicle batteries are made in China. But

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Speaker 4: more than that, we don't have the infrastructure for it.

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Speaker 4: And I'm not just talking about charging stations. Electric vehicles

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Speaker 4: are heavy. Our roads and bridges wouldn't be able to

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Speaker 4: handle it if you suddenly made all of those electric

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Speaker 4: vehicles happen by twenty thirty. So let's look at it

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Speaker 4: in a whole situation. It's not that we don't want

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Speaker 4: electric vehicles, but we better make sure we've got the

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Speaker 4: infrastructure to manage that before you start mandating it on everyone.

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Speaker 2: So I love that you went to China and EV's

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Speaker 2: That was in my list, but a little later because

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Speaker 2: part of it is the EU, for example, is looking

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Speaker 2: at restricting evs from China into the EU because China's

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Speaker 2: making really cheap.

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Speaker 3: Cars and they're just dumping it in Europe.

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Speaker 2: But if we don't help elevate evs here, China can

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Speaker 2: just do the same thing here.

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Speaker 4: Well, I think what we have to do is say,

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Speaker 4: what are we going to do to start making sure

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Speaker 4: that we're making the batteries here. What we don't want

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Speaker 4: to do is give a windfall of money to China.

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Speaker 4: I think that Europeans are worried about that exact same thing.

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Speaker 4: So let's go and make sure that we are making

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Speaker 4: American made as much as possible. And when it's not

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Speaker 4: American made, it should be from a friend, not an enemy.

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Speaker 4: We see that same thing when it comes to you

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Speaker 4: know what's happening with Russia.

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Speaker 1: You know, we're enriching so much.

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Speaker 4: Russia is enriching, enriching half of the world's uranium.

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Speaker 1: And when you look at that, what does that mean

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Speaker 1: for US?

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Speaker 4: Over a billion dollars is going from US to a

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Speaker 4: Russian government company, and you look at one out of

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Speaker 4: every twenty American families and businesses is dependent on that

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Speaker 4: Russian uranium. So right now we have permits that have

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Speaker 4: gotten approved in Ohio and New Mexico. We need to

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Speaker 4: get those up and going. That would reduce it by

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Speaker 4: seventy five percent. But we've got to keep going on that.

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Speaker 4: These are the things that I'm talking about. The first

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Speaker 4: thing with national security that you always do is say,

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Speaker 4: what do you do to make sure that if your

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Speaker 4: enemy's pulled the rubb out from under you tomorrow, you

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Speaker 4: would be ready. American energy is a big part of that,

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Speaker 4: and getting Russia, China, Oran, and Venezuela out of the

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Speaker 4: mix is the first thing we should do.

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Speaker 2: You're one of the only only candidates who talk really

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Speaker 2: hard about the budget deficit and really reducing it. You

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Speaker 2: mentioned the entitlement programs, right, how do you do though

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Speaker 2: everything that you just outlined without spending a lot of money.

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Speaker 4: Because you are taking into account that we would just

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Speaker 4: keep the budget the way it is. The first thing

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Speaker 4: you have to look at the fact that we're thirty

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Speaker 4: three trillion dollars in debt. We're having to borrow money

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Speaker 4: just to make our interest payments. China owns some of

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Speaker 4: that debt. I have said for a long time I

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Speaker 4: would love it to be able to say, oh, Biden

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Speaker 4: did that to us, Well, he sent us down this

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Speaker 4: socialism creep, But our Republicans did that to us too.

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Speaker 1: You look at that two point two.

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Speaker 4: Trillion dollar COVID stimulus bill that they passed with no accountability.

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Speaker 1: They expanded welfare, giving us.

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Speaker 4: Ninety almost one hundred million Americans on Medicaid now forty

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Speaker 4: two million Americans on food stamps. And then you turn

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Speaker 4: around and you look and did Republicans try and make

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Speaker 4: it right. No, they open up earmarks and pet projects

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Speaker 4: for the first time in ten years, pushing through seven

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Speaker 4: thousand of them last December. We have to start focusing

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Speaker 4: on cutting the spending.

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Speaker 1: The way you do that.

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Speaker 4: Is I put out my economic plan last week. We're

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Speaker 4: going to focus on the middle class. We're going to

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Speaker 4: reduce the taxes for the middle class, and we're going

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Speaker 4: to collapse those brackets so that they have more cash

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Speaker 4: in their pocket. We're going to cut the federal gas

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Speaker 4: and diesel tax because we know right now the small

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Speaker 4: portion that comes from the federal government also pays for

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Speaker 4: hiking trails and bike trails and everything else. We need

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Speaker 4: to make sure that we start looking at an infrastructure

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Speaker 4: plan that's twenty thirty forty years out, not from the

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Speaker 4: old archaic system that we've always used, and let's go

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Speaker 4: to zero based budgeting. Government needs to say what do

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Speaker 4: we have to have and then build up Instead of

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Speaker 4: what you're talking about, which is you just assume everything

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Speaker 4: we paid for last year, We're going to pay again

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Speaker 4: and then add more to it and still have all.

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Speaker 3: The stuff you just need to start.

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Speaker 4: Let's pro let's prioritize what we have to have. There's

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Speaker 4: a lot of old programs, there's a lot of problems that.

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Speaker 1: We have in that when we do that.

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Speaker 4: And then let's look at your seeing a government shut

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Speaker 4: down conversation that's happening right now. And it's a false

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Speaker 4: narrative to say that the Freedom Caucus is holding things

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Speaker 4: hostage because they want to cut? Or do you allow

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Speaker 4: the government to go forward? First of all, you cut

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Speaker 4: and you allow the government to go forward. You can

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Speaker 4: have both, not either or think about this. Congress has

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Speaker 4: proposed a budget on time four times in forty years.

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Speaker 4: Four times in forty years. We have to go back

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Speaker 4: to no budget, no pay. If Congress can't produce a budget,

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Speaker 4: Congress doesn't get paid.

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Speaker 1: We should not be in this scenario.

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Speaker 4: But because they wait and they don't work and they

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Speaker 4: don't produce results, we end up in the same situation

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Speaker 4: over and over again.

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Speaker 1: That'll stop when I'm president.

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Speaker 2: It's also been shown that government shutdowns hurt both parties.

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Speaker 2: Have you talked to leadership at all, particularly as you

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Speaker 2: guys are headed into the second presidential debate.

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Speaker 1: I haven't talked to leadership.

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Speaker 4: I've talked to all of Congress, saying it is irresponsible

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Speaker 4: and inexcusable that you would let government shut down.

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Speaker 3: That's the response.

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Speaker 4: It is also irresponsible and inexcusable to not cut all

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Speaker 4: of the spending they are using our budget and keeping

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Speaker 4: it in pandemic spending.

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Speaker 1: We're no longer in a pandemic.

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Speaker 4: Why are they still spending at those levels taxpayers can't afford?

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Speaker 3: What's their response when you say, guys, get it together.

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Speaker 1: I mean they need to get in a room and

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Speaker 1: figure it out. We're going to find out, I guess.

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Speaker 3: But do you worry that this is going to harm

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Speaker 3: the party?

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Speaker 4: This is going to harm taxpayers. It's not about the party.

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Speaker 4: Taxpayers already can't afford groceries and gas. They can't afford

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Speaker 4: buying a home or buying a car. And now you're

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Speaker 4: going to say, oh, we can't figure it out, We're

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Speaker 4: going to shut down government.

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Speaker 1: That's not okay. You don't get to do that.

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Speaker 4: Instead, you have to start cutting what you spend. Why

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Speaker 4: is it everybody in this room balances a budget. I

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Speaker 4: balanced a budget as governor of South Carolina. Why is

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Speaker 4: Congress the only group that refuses to balance a budget.

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Speaker 4: It's the reason we have to have term limits in Washington.

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Speaker 4: But it's also the reason we need them to start

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Speaker 4: doing their job. Taxpayers and businesses work for government right now,

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Speaker 4: so government's got to start working for them.

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Speaker 2: So let's circle back to the everyday American and a

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Speaker 2: governor Desantras talked about pledging to get gasoline prices to

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Speaker 2: two dollars in his first year.

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Speaker 3: You talk about scrapping the gas tax and the diesel tax.

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Speaker 3: Do you think we can.

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Speaker 2: Get to two dollars a gallon? Would you support that?

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Speaker 2: How would you do that?

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Speaker 3: Well? I didn't propose that, right, but he did, so

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Speaker 3: would you match it.

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Speaker 4: I don't propose what he I don't support what he proposes.

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Speaker 2: I came out with my own, So that wouldn't be

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Speaker 2: something that you cannot do.

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Speaker 3: No.

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Speaker 4: I mean, I think what we do is we focus

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Speaker 4: on the taxpayers. How do we get more cash in

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Speaker 4: the taxpayer's pocket. Let's eliminate the federal gas tax and

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Speaker 4: diesel tax, and let's start coming up with an infrastructure

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Speaker 4: plan that can manage what we need in the next

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Speaker 4: decades going forward. That's the focus on I'm going to do.

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Speaker 4: I'm going to focus on strengthening the middle class. That's

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Speaker 4: where we have to focus right now. We're watching in

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Speaker 4: America where the poor are getting poor and the richer

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Speaker 4: getting richer, and we are losing that middle class.

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Speaker 1: We're going to focus on the middle class.

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Speaker 2: We get starring the two dollars gasoline means like forty

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Speaker 2: five dollars oil. Everyone here is pretty happy that you

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Speaker 2: are going to support that one. I bet okay. So

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Speaker 2: let's get you talk a lot about China as really

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Speaker 2: the crux of China then becoming your economic policy right

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Speaker 2: like combating China.

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Speaker 3: How do you manage that?

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Speaker 2: If we're all going to eventually transition and get to

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Speaker 2: cleaner fuel, how do we flex our muscle in China

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Speaker 2: and India to get them.

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Speaker 3: To also reduce it?

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Speaker 1: How do you do that by winning?

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Speaker 4: And so I'll tell you the first thing that we

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Speaker 4: need to do in terms of with China and russ

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Speaker 4: is we've got let's take our India. Sorry, let's take India.

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Speaker 4: They have millions of people right now without electricity.

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Speaker 1: They need clean, cheap.

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Speaker 4: Electricity that they can start doing with their country. They

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Speaker 4: have doubled the number of coal producing plants that they have,

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Speaker 4: which is a problem. That's why we need to be

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Speaker 4: doing more in America. We need to be exporting as

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Speaker 4: much liquified natural gas as we can. India is going

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Speaker 4: to be a friend of ours. India is worried about China.

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Speaker 4: They just gave themselves a billion dollar stimulus to become.

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Speaker 1: Less dependent on China. Let's partner with them.

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Speaker 4: So not only are we exporting liquified natural gas to

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Speaker 4: the Europeans, let's do it to India as well.

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Speaker 1: That's when it's a win win. We have it, let's

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Speaker 1: share it.

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Speaker 4: That's the goal, and that's how we would handle India.

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Speaker 4: With China, you beat them. What I saw at the

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Speaker 4: United Nations, there were two things our enemies never wanted

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Speaker 4: us to have. They never wanted us to have a

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Speaker 4: strong military, and they never wanted us to be energy independent,

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Speaker 4: be energy dominant. That's how you defeat China.

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Speaker 3: What energy dominance like, what of the energy mix? All

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Speaker 3: the stuff?

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Speaker 4: So I think we should be all of the above

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Speaker 4: energy while also focusing on innovation that allows us to

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Speaker 4: continue to be cleaner and safer. In that process, the

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Speaker 4: problem is when you start picking what kinds of energy,

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Speaker 4: that's when you're picking winners and losers. Let's do all

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Speaker 4: of it. I want us to be energy dominant. I

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Speaker 4: don't ever want us to have to lean on an

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Speaker 4: enemy or have to be dependent on a foreign country

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Speaker 4: for our energy needs.

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Speaker 1: Not when we're this blessed and you're.

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Speaker 2: One of the only ones up there that talk about

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Speaker 2: actual climate change. So you are a proponent of wind

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Speaker 2: and solar, like you.

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Speaker 3: Want them all.

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Speaker 2: What would be a good mix energy mix for you

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Speaker 2: after your first term.

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Speaker 4: First of all, I do think that climate change is real.

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Speaker 4: I think we have to acknowledge that it's real. But

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Speaker 4: also don't think we go so extreme that we say

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Speaker 4: we have to do all these things by xhear. Instead.

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Speaker 4: That's where the partnership in this room comes. They know

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Speaker 4: innovation better than anyone else. We know what we can

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Speaker 4: do to start finding those ways of capturing carbon, of

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Speaker 4: making sure that we're becoming we do the fusion so

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Speaker 4: that we can start getting a net energy plus in

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Speaker 4: the process. These things are starting to come out. Now,

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Speaker 4: let's just go and make that happen. But yes, I

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Speaker 4: believe in wind, I believe in solar, I believe in

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Speaker 4: all of those things, because I think all of those

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Speaker 4: are part of how we become healthier as an environment

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Speaker 4: and healthier in teaching the countries around the world.

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Speaker 1: What else we're doing.

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Speaker 3: At the end of your first term.

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Speaker 2: How much of energy mix is renewables, how much does

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Speaker 2: it grow by?

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Speaker 4: I don't think that's for me to decide. I think

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Speaker 4: that's for the industry to decide. That's where we have

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Speaker 4: to come together. We have to say what can we

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Speaker 4: do that's safe, that's clean, that's affordable, that helps taxpayers.

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Speaker 4: The problem is you need to have a president that

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Speaker 4: understands you've got to have an energy community that's going

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Speaker 4: to say, well, this is what we can do, or

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Speaker 4: we can propose this, or let's pull this innovation in.

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Speaker 4: Right now, you're treating them like second class citizens.

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Speaker 1: They're experts. We need to use the experts.

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Speaker 4: And if I go and say this is how we

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Speaker 4: want to make sure we reduce emissions, how do we

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Speaker 4: get there? This is the group that tells us how

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Speaker 4: we get there, Not government bureaucrats, not regulators.

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Speaker 1: They're not going to tell you how to get there.

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Speaker 4: They're just going to squeeze you to the point that

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Speaker 4: you don't have energy to start with.

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Speaker 3: You got a lot of attention there when you said that.

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Speaker 2: When you're taking a look at, say, unleashing the energy

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Speaker 2: to dominance, right, labor is still a really big problem.

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Speaker 3: I was talking to Doug Lawler of Continental and he's like,

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Speaker 3: the labor's is still really tight.

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Speaker 2: So even if you wanted to sort of innovate and

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Speaker 2: pump a lot of money into stuff, you can't.

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Speaker 3: We don't have the labor for it. How do you

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Speaker 3: get there?

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Speaker 2: How do you get skilled, quality labor to this industry?

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Speaker 1: Well, you know, you always have to.

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Speaker 4: In South Carolina, we went from a state that was

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Speaker 4: making textiles that all went overseas and we had to

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Speaker 4: get used to when I recruited in we were then

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Speaker 4: building planes, cars and tires, and we had to retrain

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Speaker 4: our workforce.

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Speaker 1: And the way we did that was we worked.

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Speaker 4: Through our technical schools to start focusing on the new

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Speaker 4: jobs that we had and how we could get them

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Speaker 4: back on track.

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Speaker 1: We need to do that.

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Speaker 4: We need to make sure that we're filling the jobs

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Speaker 4: that we need, and you do that by reskilling. And

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Speaker 4: then you also look at the fact that while we're

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Speaker 4: looking to close the border and we need to close

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Speaker 4: the border because there's more lawlessness that we've seen.

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Speaker 1: In a long time.

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Speaker 4: You also look at legal immigration, and when you look

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Speaker 4: at legal immigration, we have to stop the way that

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Speaker 4: we do quotas based on numbers. We'll take x number

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Speaker 4: this year, x number next year and start saying what

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Speaker 4: do our industries need that they can't fill? So think construction,

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Speaker 4: think farming, think tourism, think energy production, and then you

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Speaker 4: bring it based on merit. When you bring it based

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Speaker 4: on merit, that's when you build up our economy instead

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Speaker 4: of just focusing on what quota you're going to deal

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Speaker 4: with from one year to the next.

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Speaker 3: We only have a few minutes left, so all minute left.

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Speaker 3: I just wanted to ask ask you about your path.

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Speaker 3: So we had the.

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Speaker 2: Second a debate coming this week. What is your path

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Speaker 2: if Iowa doesn't go your way? For example, what is

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Speaker 2: the Nicky Haley path? Now, what's the Nicky Haley path

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Speaker 2: in twenty twenty eight?

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Speaker 1: Well, you're assuming that Iowa won't go my way?

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Speaker 2: We no, no, no, no, no, I'm really not. I'm

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Speaker 2: saying you've got to have lots of plans. There got

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Speaker 2: to be a spreadsheet there with lots of things going on.

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Speaker 1: I have one plan.

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Speaker 4: We have done I said eighty five events in Iowa,

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Speaker 4: New Hampshire. We continue to do big events in South Carolina.

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Speaker 4: The momentum is real. We're pushing hard, We're raising money,

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Speaker 4: and we are working on We're putting ourselves out there

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Speaker 4: in the debates and the support is strong. And so

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Speaker 4: our goal is to have a strong showing in Iowa,

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Speaker 4: have a strong showing in New Hampshire, have a strong

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Speaker 4: showing in South Carolina, and finish this all the way through.

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Speaker 4: We have to make sure that we don't end up

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Speaker 4: with a president Kamala Harris. And right now we are

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Speaker 4: going down the path of getting a president Kamala Harris,

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Speaker 4: and that should worry every single American. So if we're

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Speaker 4: gonna do that, the only way we win is with

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Speaker 4: a new generational leader. I have had executive experience as

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Speaker 4: a two term governor. I've got foreign policy experience from

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Speaker 4: having been at the United Nations negotiating with one hundred

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Speaker 4: and ninety three countries. I know what we need to

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Speaker 4: do to make America strong and proud again. I'm not

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Speaker 4: going to stop until we get there.

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Speaker 2: Can a moderate, reasonable Republican win the primaries.

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Speaker 4: I think you are going to see a pro American,

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Speaker 4: tough talking accountant suddenly go in there and say, you

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Speaker 4: know what, let's get our debt on track, let's control

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Speaker 4: law and order, let's get these borders closed, let's make

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Speaker 4: sure that we get transparency back in the classroom, and

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Speaker 4: let's put China, Russian, Iran, Venezuela finally in their place

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Speaker 4: so that America can be strong.

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Speaker 1: Yes, I can do that.

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Speaker 4: That was US presidential Canadaate Nikki Haley speaking of Bloomberg's

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Speaker 4: Alex Steele in Oklahoma City.