DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
HOLIDAY DRIVERS FACING SHOCK AT THE PUMP THIS MEMORIAL DAY
Charles Payne: Gas prices will go through the roof and this thing is not going away and there's been rumors they're going to build some missile bases there and could have a Cuban Missile Crisis all over again, and that could be worse than stopping the oil trade, but no matter what Venezuela is going to be a serious problem and the only thing going for us is that Hugo has promised everything to everyone in South America and if he cuts us off he's going to hurt himself real bad.
Dagen McDowell: We can't forget that the state oil company in Venezuela owns CITGO in this country and owns and operates the fifth largest refinery in this nation. We're not only dependent on the oil, we're dependent on Venezuela's oil company operating here in the United States and refining oil into gasoline.
Charlie Gasparino: There's a delicious irony here that we make all the efforts for a green agenda and we have to rely on guys like this even more, because the green agenda, the green, all of that stuff doesn't work. You know? Electric cars don't work.
Ben Stein: Well, they need to sell the oil. I mean, they're not selling the oil to us because they like us. They need the money and if they sold the oil instead to Britain or France or Italy then that oil which is going to them would come to us. There's a world market in oil, thank god for free markets. If the oil from Venezuela is diverted from somewhere else, we'll get that country's oil. So it will work out fine. I mean, in the short run, there will be a jolt and this man is clearly not totally right in the head. Who said such an inflammatory thing, at least I don't think he's right. That's just my opinion and the markets will figure this out, it won't be a long-term problem. It's not like the Arab oil embargo, during and after the Yum Kippur war, its nowhere near that's serious.
Adam Lashinsky: We get 10 percent of our oil from Venezuela, but they send more than 40 percent of oil to us. It's an elaborate game of chicken nobody is going to lose. They cannot in their right minds cut off the United States and can't do anything about CITGO, either. Dagen. What are they going to do shut CITGO down? The reason we buy so much oil from the Middle East, is that it's better oil than what the Venezuelan's sell us
JOB CREATORS FEARING PRO0-UNION RULES COULD SEND JOBS OVERSEAS
Dagen McDowell: The CEO of Boeing wrote the same thing in an op-ed and says the overreach by the labor relations board could accelerate the overseas flight of good, middle class American jobs and you're eliminating the ability of the 22 right to work states to compete with the union states. And if you eliminate that, competition between states, the jobs go overseas, you've had tens of millions of jobs that have likely been saved in this country and kept in this country because of the ability of these companies to operate in businesses where there employees are not forced to be in a union.
Charlie Gasparino: What's interesting about this, I know the Obama administration is going out of its way to say it's not anti-business, and Austin Goolsbee, the Chief Economist for President Obama and one of the Senior Advisors going around to Wall Street saying we're pro business. Then this happens and I tell you, this is scary for, you know, for investors in this country, because it's just proving that this administration is anti-business. And that's scary, when you have 9 percent unemployment.
Charles Payne: The war on business has been ratcheted up tremendously and there was a SEC decision on whistleblowers that effectively turns everybody who works for a corporation into a spy. But on top of that, these jobs are going overseas, no doubt about it. What I find amazing is how selfish the unions are. I don't care if it's in Milwaukee, where you fire 500 teachers because they don't want to give up pension benefits or Los Angeles won't hire new cops because older cops don't want to give up overtime, or South Carolina. These are unions who say I don't want fellow Americans to have a job if I have to give up an iota of anything.
Adam Lashinsky: Delicious ironies, CEO's of Americans companies have been sending jobs overseas for a decade, that's fine. That's globalization, to turn around and say if you don't do this, we're going to send jobs overseas, they're already doing that and they'll send jobs overseas for a variety of reasons.
Ben Stein: I'm not so much worried about it being anti-business, we knew all along that Mr. Obama was anti-business, it's anti-Constitution, I don't see where in the Constitution in the National Labor Relations Act, it says that the government is allowed to choose what state a business may locate its plants and manufacturing in. That's just a wholly made up right for the Constitution that not the board, but the general counsel of the NLRB. And many, many years ago, I used to work in the general counsel of the NLRB. They're fine people, but I will say again, I'm not sure where in the Constitution they're finding this right and I'm not sure where in the Act, enabling the National Relations Board they're finding this right. It reminds me too much of we don't need no stinking badges, we can do whatever we want. It scares me.
POLL: 57 percent WON'T BUY ELECTRIC CAR EVEN WITH HIGH GAS PRICES
Ben Stein: Well, electric cars to me are a little silly. They require coal to be burned to generate electricity and atom power to be generated lethal for a hundred years thousand, or oil burned to generate. In addition, substituting one form of burning things or reacting of things to another. And to me, it's kind of a fraud with all due respect to the nice people that have them and the fine people who make them and anyway, what the heck does the white house need a hundred cars for? I used to work at the White House; we only had five or six cars and got along well. And why do they need a hundred cars.
Dagen McDowell: They're buying the Volts because they want to be cool, but it's another reason that the fact that we're subsidizing the purchase of all of these cars. The Volts are over $40,000subtract the $7500 credit, but if people don't want to buy them why are we throwing money at it.
Charles Payne: Well, to your point, they'll buy the cars and then build the fueling stations and they'll kind of get this going, maybe in D.C. where they have enough fueling stations that might lure more buyers and I don't know if they'll snowball up to a boulder, but it's outrageous and I agree with Ben. Everything is based on guilt in this country. Maybe we can assuage ourselves. I'm not polluting the planet. There's no exhaust coming out of my car, it's so stupid and a misuse of money, it's mine, although the President promised, he made a pledge that there'll be a million of these things, and obviously, that's not going to happen.
Charlie Gasparino: I hate to denigrate the topic. Can you imagine the white house has to buy a hundred of these things, it's so bizarre and shows you that listen, I know what they're trying to do. I don't know where they're going.
Adam Lashinsky: Here is my only contribution to this conversation, I applaud someone who is leading and not looking at the polls and let the marketplace decide this one not a survey.
STOCK PICKS: CHARLES' NEXT BIG WINNERS
Charles Payne: STEC (STEC)
Charles Payne: BROADCOM (BRCM)
Charles Payne: AK STEEL HOLDING (AKS)