Liz Peek joined The Bottom Line on Fox Business to tackle two topics dominating the news cycle: Treasury Secretary Scott Besson’s push for American energy to command a premium on global markets, and Minnesota Attorney General Keith Ellison’s eyebrow-raising claim that calling the police makes you a \”socialist.\”
Peek, a former energy analyst, pushed back on Besson’s suggestion that U.S. crude should trade at a premium over Brent, explaining that the WTI-Brent spread is driven by logistics — not politics. \”Brent is more expensive because it comes from the North Sea, loaded directly onto tankers. WTI is basically landlocked — it’s more difficult and expensive to move,\” she explained. While American energy offers unmatched geopolitical stability, she said oil remains \”a worldwide-based price commodity, and I don’t think that’s going to change anytime soon.\”
On Ellison’s remarks — which echo a 2015 Bernie Sanders interview calling public libraries, fire departments, and police \”manifestations of socialism\” — Peek was blunt. \”That’s not socialism. That’s democracy,\” she said. \”We pay tax dollars and elect officials to distribute those dollars for keeping people safe.\” Peek added it’s \”disturbing\” that the people promoting socialism today \”don’t understand the history of it or the essential fallacies of it, which has led it to fail every time it’s been tried.\”
Source: foxbusiness.com
