Markwayne Mullin: “China could see a 30% increase in energy [costs].”

“So with losing two sources at once, that supply could go down to 45 days because Russia now is also being cut off. So not only have they lost 1, 2, but they've lost partial of 3. And so China could see a 30% increase in energy [costs]. because that's what they're buying, this crude oil at about a 30% discount. They could see a huge increase in energy in a very, very, very short time.” (21:31–21:35)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.