Fox News contributor Liz Peek joined Fox Business’ “Big Money in the Morning” to break down falling oil prices as President Trump signals restraint on Iran, and the fight over Senate GOP leadership after the midterms.
Peek said the good news out of the region is being underplayed, with lower oil and gas prices and more oil moving through the Strait of Hormuz, roughly 80 to 82 percent of its pre-war flow by her account. She said there is no real shortage of oil. It is expensive because tankers need protection and insurance. She added that the Gulf Arab states have pushed the U.S. to stop military action and that she doesn’t think they have been as helpful as they should be, since the Saudis refused to let the U.S. use their air bases. Her answer: strangle Iran economically.
On the Senate GOP leadership fight, Peek said the Senate has done far too little for President Trump’s agenda while the House passed 291 bills this year. She said the SAVE Act “has kind of withered and died” and that Republicans should replace it with a single-issue voter ID bill and make Democrats vote against it. She called Congress’s vacation schedule “ludicrous.”
Source: Fox Business
