On Saturday, a new installment of the “Verdict with Ted Cruz” podcast was released on YouTube, and the focus was on energy – not just how oil production has been impacted by the COVID-19 pandemic, but how a play by Russia and Saudi Arabia have disrupted the industry.

Co-host Michael Knowles of The Daily Wire first asked: “I think for most people, the interaction we have with the oil industry is when we fill up our gas tanks, so low oil prices are not necessarily a bad thing when we look at it. What are we missing here?”

Sen. Cruz (R-TX) replied, first noting that as a result of the COVID-19 pandemic, millions of Americans have lost their jobs, and the price of oil per

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