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Ted Cruz: “Price of oil so dramatically that you devastate US…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Oil Means National Security, Rep. Jim Jordan vs Jack Smith & Crime Crashes Coast‑to‑Coast Week In...

Published | Video Starts at 03:06

Yeah, but I'll say this, look, there is a balance because from a US national security interest, look, oil and gas and energy are powerful weapons against our enemies and, and to buttress America. But you don't want to slash the. Price of oil so dramatically that you devastate US producers. And as you know, I talk to, I represent Texas, I talk to a lot of US producers and I will say at down around 60, $70 a barrel, you … (03:06–03:12)

CLAIM

Asserts that a dramatic drop in oil prices can devastate U.S. oil producers.

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.


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