@@user-yz8fs5zq6z The planet is doing alright, its the people on it that has a problem. The planet has no problem with +5 degrees C extra. But animals and people will suffer.
I would assume it's mostly appealing to his base. But in many cases they're reliant on those industries or they're reactionaries to climate change through believing in denial narratives. Conspiracies about polticial control likely. Very circular reasoning there.
@@0xCAFEF00D It does appeal to his base - but that's just a tool, the real reason is rich friends. Clean energy is actually expected to be much more economically viable in the future (partially already is), but thats not the kinda companies his donors own. Its not a conspiracy, its plain fact - lobbying is just a nice word for legal bribery. While one car argue that the IRAs subsidies also do that to some degree for green tech/energy companies, it has the notable side effect of helping save the very planet we live on, instead of emitting more greenhouse gases and accelerating us to unforeseen climate disasters yet to come (yearly category 5 hurricane for florida anyone?)
@@0xCAFEF00D His base will eat up anything he and his media friends say. Just look at how the ecosystem surrounding the repubs were able to immediately sway public opinion on the bipartisan border bill as soon as Trump said to tank it in the senate. I remember it the day before and after, the change in opinion from the MAGA camp was startlingly quick.
We currently have field oil of 13.5m bpd. This is higher than the pre-covid peak of 12.9m bpd. Oil companies have thousands of leases in their hands which they are not using. Besides the 13.5m bpd, the USA has about 6.5m bpd of liquified natural gas, and another 1.5m bpd of other oil products, distillates. The USA exports 10m bpd of oil / products and imports 8.5m bpd. The USA exports mostly lighter sweet crude and imports more heavy sour crude. The USA refineries are mostly set up for the heavier crude, or which much of our imports from Mexico and Canada. The oil price is based on world demand and supply, not the USA alone.
While you got everything else right, the drillers are NOT sitting on thousands of unused leases. That's a lie by omission. The leases they have are for exploration only. The Biden admin has denied the vast majority of drilling permit requests.
The companies are using their leases, but they're only permitted for exploration. Most requests for drilling permits have been denied during the current administration.
Oil Companys are not interested in More (a lot) drilling, they want hold Prices steady or higher, so they make a good profit and can pay dividend to shareholders. If the War In Gaza/libanon + Possible the war in Ukraine ends ? then oil price would drop, so realy no reason to drill more. OPEC is delaying to ramp up productions for Years/months because it would hurt Oil income. So as long China and India don´t increase oil Imports ? oil price would be low.
@@mabuhayproductionltd3627 Democrats shouldn't have let those hundreds of smaller drilling companies go under during the Saudi-Russian run on the market.
@@mabuhayproductionltd3627 And China, without a growing population, and with an economy growing slowly, not like decades before, plus EVs there, I do not see a strong reason to increase output. If there is, then the rest of the world will as well.
United States has sweet light crude oil, gasoline, kerosene jet fuel, no problem. What we don’t have is heavy crude . This is imported. It’s used for plastics roads synthetics . Fertilisers. So no matter drill BabyDrill we still need to import some oil from outside countries . We can never be 100% energy independent because we don’t have the correct oil But what we can do is be the worlds gasoline station easy
You don't need to produce all kinds of oil to be energy independent. You only need to produce the stuff you use most to keep the wheels turning, so to speak.
LOL This person is smoking something thats not chemistry nor economics. Road synthetics is the shit of the crude thats why its used for roads. plastics and fertilisers can use simple infact simple carbons makes it more flexible to make all plastics. US was once energy independent and a giant, why else would you have the richest man of crude needing antitrust to break up. what is this "correct oil", any oil (carbons) can be burned or transformed in one way or another even with 1950s technology.
The climate has and always will be drastically changing. Nothing new here. This isn't something the US could even stop if it wanted to do why shoot yourself in the foot pretending like we can change the world? The world is far safer now for all humans and far better as well as the air and water in developed nations is as clean as ever. It's time to drastically roll back these environmental regulations. I am a farmer and care more about my land, water than the government ever could. They want to tell me what I can do on my own land I pay taxes for? No thank you, my land my choice. I am pro land choice, Democrats what to take my rights away without any evidence and without just compensation.
Actually, he acknowledges it, but says it’ll be to the nations benefit. After all, the sea’s coming to you inland! Nevermind that rising sea levels would destroy his properties in Mar a Lago and in New York City. Idiot.
@@roo_stonks "Strangers in Their Own Land: Anger and Mourning on the American Right" Arlie Russell Hochschild This Book is from 2016. They do, they know it, they proof it in this book all the time...and they just don´t care. - The oil industry has caused cancer rates to explode? Well...yes...but at least we had jobs. - You can't eat fish from the river anymore? Hmm, okay, true, but we used to eat them too and it didn't do us any harm! - Yeah, I dumped barrels full of chemical waste into the river back in the day because my boss forced me and I blame the Republicans for not protecting the rivers. Who am I voting for? Republicans, of course! They make that kind of argument all the time. People are not stupid or incompetent, quite the opposite, but heavily indoctrinated.
it's like people in Florida rapidly experiencing more numerous and intense hurricanes and instead of understanding why that's happening, they'll just find a way to blame Democrats and FEMA for it, it's incredible what an echo chamber can do to people
Good enough tbh, keep it simple let the experts running the industry figure the rest out. Subsidies and initiatives will always result in fraud and manipulation of the industry - which is BAD
@@TheTrumpToy-k2j I listed to both debates, and speeches. I won't talk about the speeches, because they're mostly incomprehensive rambling from an old man, but his words from the debate really stuck with me: "I have concepts of a plan" So yeah, no. Speeches or not, Trump is full of shit, and has no plan. If he did - he'd have already presented it before/after winning. Whatever rambling bullshit you got out of his speeches is literally just your interpretation, because anything and everything can be derived from his word salad.
China has been investing in electric car, batteries, and photovoltaic cells for decades. Meanwhile US is expanding in oil extraction which further decentivize alternatives (renewables and nuclear). Sigh... I mean I still overall prefer democracy, but holy molly democracy often is a messy process where better politicies tend to win because better policies tend to come with better propoganda, not because people actually rationally understood the better policies. Who won directly is the result of propaganda not rational understanding.
What are you talking about, China is the leading country in messing with our damn environment. The US has agency’s to stop pollution, China has no system what so ever to deal with the mass amount of coal they burn.
Honestly, as someone who works adjacent to the solar industry, the subsidies need to go or at least get reworked. Its a huge racket right now with tons of fraud and incompentence
Some fraud and incompetence might be a price worth paying. Oil isn't infinite, or it's getting more expensive to produce. Renewable is an investment into a future where 3 billion africans, a billion Indians, etc, who all want western standards of living. In that future, fossil fuels will be much more expensive. Plus there are health, environmental and climate benefits as well.
@@chigehwhat is your source? You might be actually thinking about coal. We have reached peak oil, and their will be a tendencial rise of fuel price if their isn't a shift to electricity
Guys, You can tell you’ve got little idea about the world. Releasing the entire oil reserve would do next to nothing for the price of oil. The UK as a whole uses approximately one million barrels a day. The US uses approximately 20 million per day. Do the maths. 7.3 billion barrels worth of oil a year. A few million will do sweet f-all to the price of oil. Use your brains, please. 🙏
Releasing oil from the SOR is not the same as drilling new oil. There's a finite amount of oil in the SOR. Fracking is now cheaper than drilling in Saudi Arabia.
Trump’s ‘plan’: “Me, me, me… It’s all about ME! I’m the best! No one in the history of being the best is better at being the best than me. Everything I do is perfect and when it’s not, it’s your fault.”
@@Denes2005 Is it really, though? Inflation is down, and jobs are up. That's like, the universal determinant of whether or not a presidency is good or not. I'm not sure what more Biden could've done if this isn't enough. Do you people genuinely want deflation, because "high prices"? Do you not understand basic economics, and why deflation would be bad for any economy?
Taxing 25% on Canadian oil even though we import from them the most...pickup truck owners will like those new gas prices. 😂 Even if we drill domestically it doesn't mean we have the capability for to refine the oil here. But with all these tariffs why would anyone want to import US oil?
I am convinced that the environment is now fucked. Some of us cared to something about it but not enough since 72 million people voted a climate skeptic back into office.
@yahnah9116 cope with the fact that the world will be ending within the century or just a few decades? Cope that none of us, including you, have a future?
During his first term, whatever he said, renewables kept increasing and coal dying , because it just makes economic sense. And the same would probably keep happening. That's not to say that a lot of problems couldn't be unleashed here and there.
Exactly. Highest inflation rate in nearly 50 years, highest number of border crossings, hundreds of thousands of kids unaccounted for and record levels of drug overdoses.
@@hakeemfrancis1099 he was handed this country in a horrible state... Trump got it when we were doing good n left a mess for Biden to clean up. Not saying Biden did great but to think Trump really did anything useful is even crazier
@@hakeemfrancis1099do you know the whole world has been hit with inflation? You know cause of covid! (Wouldn't surprise me if you don't believe in it). And we handled inflation better than most... prices would still begoing up under Trump. Go to Europe or S.america n you'll really see what bad inflation is
This video: "Trump's policy would be an unworkable disaster to the extent that he wasn't actually lying about implementing it, luckily everyone believes he was lying"
Nokia, blackberry etc chose to not make smartphones and look what happened to them. America will follow the same route if it prioritises oil and gas over renewables. Solar and batteries are getting cheaper at rates never seen before and will be the cheapest by 2030. Lack of cheap energy will make america uncompetitive in every aspect and lose its dominance.
Want to solve inflation, bring back battery chicken eggs. Cage free eggs drove prices from $0.99 to $6.00 a dozen initially. Now averaging about $4.50.
Inflation caused by tariffs is not the same at inflation caused by an increase in the money supply. The fed will not raise rates. In fact, spending will decrease by this kind of inflation (it's not really inflation, it's just taxes causing price increases) so they might even need to lower rates to counteract the reduction in GDP Trump's plan will cause. This will seriously severe the economy. Regarding the energy independance by drilling more oil: it'll never work without building new oil refineries. We haven't built a new refinery since the 70s and none of them can process the type of oil that we drill anymore. We literally drill more to export and will always have to import oil for our own needs unless we build refineries that can handle this oil we're exporting. As an engineer, this disgusts me that we're wasting fuel to move oil around the world. But i do understand that we're not intending to harvest oil forever, so why bother building new refineries? The real issue is the regulations. Trump won't touch those because drill baby drill is just campaign nonsense.
He will never let oil prices come down, that would actually hurt oil company profits. They need oil consumption to go up in lock-step with increased production, that's why he wants to go after green energy bills.
@@DJ_Spazzy Crude oil prices went down to 43$ during OBAMA'S term. Trump's term saw nothing but a raise in oil prices. I'm not sure what we're supposed to remember. Like yeah oil prices went down during the pandemic but I doubt you'd call the 2020 recession a resounding success for Trump or something.
Nothing can last forever ie read the laws of thermodynamics. Renewables only work in some places some of the time and only competitive on a cost basis because of cheap production in China using coal lol. Plus renewables run into huge pushback from locals and environmentalists because they take up so much land per KW energy.
So frustrating to hear over and over, the Biden administration had already done those things or those things were in some kind of process. Did they ever say anything about this at any rallies?
the united states oil hoarding strategy is profitably smart by hoarding opec+ would hesitate on hoarding their oil supplies because once they do united states would then export their hoarded oil reserves thus making the opec+ efforts irrelevant it does not only make the united states a total control to the global oil prices but it also makes every drop of their oil worth more as it should be because of the price increase created by opec+ a price warping and infinite money glitch scheme at the same time
@@kronos7110 yeah it seems like not being part of the opec+ bloc is actually more profitable for countries as opec+ have to cut the supply then non members can just flood the market with oil and make trillion times more profit than they should and also fighting the bloc's attempt to increase the price
So what your saying is there's likely going to be great Continuity with the IRA, and it was not overly Provisional, and that We Ourselves may continue to see the benefits of it?... Gerry Adams...
@@Dracon7601 With newer technologies it's becoming easier to get geothermal energy from places where it wasn't possible just like what happened to oil and gas industry with fracking.
Thanks for the analysis! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
I feel like, when it comes to Trump’s environmental policy and the Republicans, their focus is definitely on ensuring lower gas prices and making energy more affordable for everyone, even if it comes with environmental costs. On the other hand, for Democrats, there is likely more frustration and concern, especially since Trump has made claims denying the existence of global warming and climate change. Many would likely be saddened and frustrated if he moves to withdraw from the Paris Climate Accord, which aims to address climate change. This creates a contradiction between prioritizing jobs and lower gas prices versus addressing the environmental consequences. It will be interesting to see how this plays out.
@@kronos7110China on a historical perspective hasn't produced as much CO2 as the US and is dedicated to investing in solar on massive scales. Blaming china doesn't even make much sense anymore.
"historical" Most Western countries are taking climate-conscious actions anyway. Why is this issue being brought up, so that China can emit more carbon emissions?
TLDR: "Under Biden, America has become the world's biggest oil producer." Also TLDR: **presents a graph showing that it actually happened under the Trump Administration in 2018.** Do you guys even read the graphs? LOL
@@Steven-vo4ee Germans might, because they're known two faced snakes. Some other countries might too, especially with far right on the rise who are very pro-Russia for whatever reason.
@@obaidaserdar1780"green" energy is cheap only because governments spend hundreds of billions of dollars subsidyzing it. You just need nuclear power and some renewables and you'll already have clean energy production. Only renewables is like throwing money into a fire while gas companies score record high profits selling you energy that renewables can't provide you.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
@@Dcc-yk2lo Its not called 'global warming' anymore as its been proven the earth isn't warming. It's now called 'climate change' and it won't make us extinct. To be clear I'm all for reducing pollution but the solution isn't to make people poorer. It is a fact that poor nations pollute more than rich nations as they do not have the economic capcacity to mitigate polluting activity. Oil and Gas are essential for modern societies, that will never change, it is much better to perform these activities domestically than import from the other side of the planet with much lower enviromental standards.
When Government designs the energy system, it will be prone to failure. the soaring solar installations doesn't reflect the superiority of the technology, but the generosity of state funding to subsidise it. As Warren Buffet states, (for example) wind makes no sense, but when the financial incentives are artificially introduced, we'll invest. Don't forget the ERCOT market has been close to total collapse, due to poor energy decisions, led by solar.
under trump i had mostly under 2 dollar gas 2017-2020 compared to bidens four years 2021-2024 where it reached highs of 4 dollars plus (dont bring up covid gas prices because it was still cheap before covid)
Sure bud, I also remember a global pandemic causing such a massive drop in oil demand that prices were negative for short periods. But yeah that was all Trump. Sure thing.
@@GamerFish99 yea its not like the global pandemic happened 3 years in trumps term even before the gas prices were still low but ok keep trying to make that arguement
2:35 and then 3:00 you directly contradict yourself. First you say American oil companies are paying out huge dividends (thus have massive profits) and then you state the shell oil production is expensive and there is no space to drop prices. Both can not be true at the same time.
The point they are making is that among exploitable American oil fields some would only be profitable to tap if oil prices were higher. You aren't going to tap into an oil field where it costs much more than $40-45 or more to extract a barrel worth of oil if the price of oil is only sitting at around $70 per barrel on the open market. The margins (right now the average barrel of oil costs $36 to produce in the U.S vs the $75 current market price) just wouldn't make it a profitable venture. So, just because there's enough accessible oil reserves to increase net production doesn't mean it'll actually happen because the profitability of that oil must be taken into account. Basically, American petroleum companies aren't going to increase production if it means losing money through the poor margins brought on by more difficult to extract oil
Some of the Profits are from 2022 & 2023, Energy prices continue going down = less profit. If Oil goes lower? Oil companys will reduce investments & drilling so less oil produced.
They also said that these companies are doing stock buybacks because they have no where to expand business while also saying that shale is an area that could be expanded into, but is capital intensive. Both of these contradict each other. This felt more like an anti-Trump piece than actual news for some reason.
@@Steven-vo4ee No, being left-wing biased makes them "lefties." But I disagree with pka - they shouldn't have to be neutral, they can be whatever end of the spectrum they want to be - as long as it's clear where the bias lies, like with CNN or Fox. I think TLDR "try" to be neutral, or at least try to present neutrality - they fail at it though largely because I assume they don't regularly interact with anyone who disagrees with them so they don't understand any viewpoint beyond their own (standard fare for the left tbh). But TLDR should be who they are/want to be.
@@meth3rlenceTbh you just need to look at the curve of oil discovery, oil extraction and the evolution of the relative price of oil compared to renewables to realise that this is mind-numingly stupid policies even if you don't believe in climate change
You didn’t actually watch the video did you. Edit: this video was posted 10 minutes ago and you posted your comment 9 minutes ago. You didn’t watch the video
@@vinny5915 ah yes "momentum" what momentum? his 9% inflation rate? his 25% consumer index increase? his about 2 dollar average hike of gas the past 4 years? his making energy more expensive causing businesses to struggle more?
"Refine, baby, refine" should be the mantra. "The cost of solar projects in the US drop by about 60%." That's technically correct. Another way of saying it would be, "About 60% of the cost of solar projects are covered by taxpayers." Subsidies for anything make it impossible to know the actual cost. Money is a tool. A way to measure one project against another. With subsidies companies have little incentive to research other solutions. Rather than getting rid of subsidies, Trump could require any company getting them to have their books open to the public. The Paris Accords are another scam.
subsidies make solar production cheaper, meaning more money is invested in scaling up production, therefore actually making it cheaper via economies of scale. of course, you'd overlook that
“Today, one of the most powerful religions in the Western World is environmentalism. Environmentalism seems to be the religion of choice for urban atheists.” -Michael Crichton
I honestly think Elon Musk's XAI312x is the safest bet for long term hold, and will survive out of every other altcoins. It will get adopted in US, Ecuador, Asia, starting from Japan, and slowly spread out and gain. This is a winning coin, apart from all the technical greatness.
Everyone cares about the planet unless it means they have to spend more money.
Everyone cares about affordable food and shelter first, puppies and sunshine second
There's no food , shelter,if there's no planet
@@user-yz8fs5zq6z The planet is doing alright, its the people on it that has a problem. The planet has no problem with +5 degrees C extra. But animals and people will suffer.
@@OneTrueKing23 you mean you care about big corporations
Capitalism over humanity's own good
What is motivating it is lobbying by oil companies.
I would assume it's mostly appealing to his base. But in many cases they're reliant on those industries or they're reactionaries to climate change through believing in denial narratives. Conspiracies about polticial control likely. Very circular reasoning there.
@@0xCAFEF00D It does appeal to his base - but that's just a tool, the real reason is rich friends. Clean energy is actually expected to be much more economically viable in the future (partially already is), but thats not the kinda companies his donors own. Its not a conspiracy, its plain fact - lobbying is just a nice word for legal bribery.
While one car argue that the IRAs subsidies also do that to some degree for green tech/energy companies, it has the notable side effect of helping save the very planet we live on, instead of emitting more greenhouse gases and accelerating us to unforeseen climate disasters yet to come (yearly category 5 hurricane for florida anyone?)
@@roo_stonks honestly i wish more people saw it this way.
You mean, not having to pay €2 a litre for gas like most Europeans do.
@@0xCAFEF00D His base will eat up anything he and his media friends say. Just look at how the ecosystem surrounding the repubs were able to immediately sway public opinion on the bipartisan border bill as soon as Trump said to tank it in the senate. I remember it the day before and after, the change in opinion from the MAGA camp was startlingly quick.
We currently have field oil of 13.5m bpd. This is higher than the pre-covid peak of 12.9m bpd. Oil companies have thousands of leases in their hands which they are not using.
Besides the 13.5m bpd, the USA has about 6.5m bpd of liquified natural gas, and another 1.5m bpd of other oil products, distillates.
The USA exports 10m bpd of oil / products and imports 8.5m bpd.
The USA exports mostly lighter sweet crude and imports more heavy sour crude.
The USA refineries are mostly set up for the heavier crude, or which much of our imports from Mexico and Canada.
The oil price is based on world demand and supply, not the USA alone.
While you got everything else right, the drillers are NOT sitting on thousands of unused leases. That's a lie by omission. The leases they have are for exploration only. The Biden admin has denied the vast majority of drilling permit requests.
The companies are using their leases, but they're only permitted for exploration. Most requests for drilling permits have been denied during the current administration.
Oil Companys are not interested in More (a lot) drilling, they want hold Prices steady or higher, so they make a good profit and can pay dividend to shareholders. If the War In Gaza/libanon + Possible the war in Ukraine ends ? then oil price would drop, so realy no reason to drill more. OPEC is delaying to ramp up productions for Years/months because it would hurt Oil income. So as long China and India don´t increase oil Imports ? oil price would be low.
@@mabuhayproductionltd3627 Democrats shouldn't have let those hundreds of smaller drilling companies go under during the Saudi-Russian run on the market.
@@mabuhayproductionltd3627 And China, without a growing population, and with an economy growing slowly, not like decades before, plus EVs there, I do not see a strong reason to increase output. If there is, then the rest of the world will as well.
So the oil industry has won
its the consumer thats decites what they will buy
@@mabuhayproductionltd3627thanks to the oil companies with all their FUD, the have consumers in their pocket too
Did they ever lose?
@@mabuhayproductionltd3627lol
@@davianoinglesias5030 that's what happens when you allow bribing in your country
Oh I'm sorry I meant "lobbying"
United States has sweet light crude oil, gasoline, kerosene jet fuel, no problem.
What we don’t have is heavy crude . This is imported.
It’s used for plastics roads synthetics . Fertilisers.
So no matter drill BabyDrill we still need to import some oil from outside countries .
We can never be 100% energy independent because we don’t have the correct oil
But what we can do is be the worlds gasoline station easy
You don't need to produce all kinds of oil to be energy independent. You only need to produce the stuff you use most to keep the wheels turning, so to speak.
Sweet Saudi Arabia will give us that oil
@@TheTrumpToy-k2j or we can make a deal with russia and Venezuela for it, it's not a big deal
LOL
This person is smoking something thats not chemistry nor economics.
Road synthetics is the shit of the crude thats why its used for roads.
plastics and fertilisers can use simple infact simple carbons makes it more flexible to make all plastics.
US was once energy independent and a giant, why else would you have the richest man of crude needing antitrust to break up.
what is this "correct oil", any oil (carbons) can be burned or transformed in one way or another even with 1950s technology.
Misleading TLDR:
Trump is a climate denier, not climate skeptic. And that is totally different in terms of economic, social and ecologic policies.
YourMomsAClimateDenier
The climate has and always will be drastically changing. Nothing new here. This isn't something the US could even stop if it wanted to do why shoot yourself in the foot pretending like we can change the world? The world is far safer now for all humans and far better as well as the air and water in developed nations is as clean as ever. It's time to drastically roll back these environmental regulations. I am a farmer and care more about my land, water than the government ever could. They want to tell me what I can do on my own land I pay taxes for? No thank you, my land my choice. I am pro land choice, Democrats what to take my rights away without any evidence and without just compensation.
@@mr.afrikaans1747 ayo! Easy there buddy! They're not wrong at all!
Actually, he acknowledges it, but says it’ll be to the nations benefit. After all, the sea’s coming to you inland! Nevermind that rising sea levels would destroy his properties in Mar a Lago and in New York City. Idiot.
i never realized just how orange his face actually is
He's clearly just wearing a ton of makeup to hide his age and looks. Narcissists tend to care a lot about that
Depends a lot on the lighting too, favorable lighting can mask it well and other times it can accentuate further the color
It's apart of his brand now
He wears it too much when during important events like when he's stressed, crazy...
hater 🤨
Have fun in Louisiana and other states with massive environmental problems.... oh well, most people vote for him anyway.
I want to think that one day they will add 1 and 1 together, but i don't think the US education system will allow that.
@@roo_stonks
"Strangers in Their Own Land: Anger and Mourning on the American Right"
Arlie Russell Hochschild
This Book is from 2016. They do, they know it, they proof it in this book all the time...and they just don´t care.
- The oil industry has caused cancer rates to explode? Well...yes...but at least we had jobs.
- You can't eat fish from the river anymore? Hmm, okay, true, but we used to eat them too and it didn't do us any harm!
- Yeah, I dumped barrels full of chemical waste into the river back in the day because my boss forced me and I blame the Republicans for not protecting the rivers. Who am I voting for? Republicans, of course!
They make that kind of argument all the time. People are not stupid or incompetent, quite the opposite, but heavily indoctrinated.
it's like people in Florida rapidly experiencing more numerous and intense hurricanes and instead of understanding why that's happening, they'll just find a way to blame Democrats and FEMA for it, it's incredible what an echo chamber can do to people
Getting rid of the DoE and Common Core will help fix that.
@@patrickproctor3462cap
"Drill baby, drill" is literally the plan.
Trump hasn't thought anything past the slogan.
Good enough tbh, keep it simple let the experts running the industry figure the rest out. Subsidies and initiatives will always result in fraud and manipulation of the industry - which is BAD
You don’t listen to trump speeches do you?
@@TheTrumpToy-k2j I listed to both debates, and speeches.
I won't talk about the speeches, because they're mostly incomprehensive rambling from an old man, but his words from the debate really stuck with me: "I have concepts of a plan"
So yeah, no. Speeches or not, Trump is full of shit, and has no plan. If he did - he'd have already presented it before/after winning. Whatever rambling bullshit you got out of his speeches is literally just your interpretation, because anything and everything can be derived from his word salad.
@@reaperz5677 yeah and dems didn't offer another solution
China has been investing in electric car, batteries, and photovoltaic cells for decades. Meanwhile US is expanding in oil extraction which further decentivize alternatives (renewables and nuclear). Sigh... I mean I still overall prefer democracy, but holy molly democracy often is a messy process where better politicies tend to win because better policies tend to come with better propoganda, not because people actually rationally understood the better policies. Who won directly is the result of propaganda not rational understanding.
What are you talking about, China is the leading country in messing with our damn environment. The US has agency’s to stop pollution, China has no system what so ever to deal with the mass amount of coal they burn.
@@captainm1ner996 Even the most cursory check disproves your claim “The Ministry of Ecology and Environment”. You’re welcome.
TLDR: Trump doesn’t know what he’s talking about. So no change
Well he is correct about about energy prices. Oil prices are still higher than they were under Trump.
@@ecnalms851I wonder what else has happened since then like Middle East tension or the war in Ukraine 🤔
But in 2019, energy in general was cheaper than in 2015
@@ecnalms851 I swear people are completely incapable of understanding economics and context and yet are rife with opinions.
@@plasmacannon1198 Your comments are not even remotely constructive.
Honestly, as someone who works adjacent to the solar industry, the subsidies need to go or at least get reworked. Its a huge racket right now with tons of fraud and incompentence
Subsidies in general need to be revorked, but not by incompetent pple like trump.
I kind of get you, I think it falls into the larger problem of greenwashing though.
Some fraud and incompetence might be a price worth paying. Oil isn't infinite, or it's getting more expensive to produce. Renewable is an investment into a future where 3 billion africans, a billion Indians, etc, who all want western standards of living. In that future, fossil fuels will be much more expensive.
Plus there are health, environmental and climate benefits as well.
@@wamingo oil isn't running out on any relevant time scale. The only valid reason for the push to non-fossil energy is climate.
@@chigehwhat is your source? You might be actually thinking about coal. We have reached peak oil, and their will be a tendencial rise of fuel price if their isn't a shift to electricity
Guys,
You can tell you’ve got little idea about the world.
Releasing the entire oil reserve would do next to nothing for the price of oil.
The UK as a whole uses approximately one million barrels a day.
The US uses approximately 20 million per day.
Do the maths. 7.3 billion barrels worth of oil a year. A few million will do sweet f-all to the price of oil.
Use your brains, please. 🙏
>few
Let's say 26 million are released
Prices are literally forced to go down via market
Releasing oil from the SOR is not the same as drilling new oil. There's a finite amount of oil in the SOR.
Fracking is now cheaper than drilling in Saudi Arabia.
Two red herrings, Saudi topology isn’t directly comparable to American.
Trump: We're going to dominate energy.
The Sun: Bro, you're a turnip.
Trump’s ‘plan’: “Me, me, me… It’s all about ME! I’m the best! No one in the history of being the best is better at being the best than me. Everything I do is perfect and when it’s not, it’s your fault.”
@@Steven-vo4ee thing is that Americans actually agree with him
And then they wonder why the rest of the world thinks they're stupid
I didn't know that the IRA included nuclear power. I like biden more now. That's not stupid.
Every trump policy in 2 words: Biden bad
Have you forgotten the last 4 years???
@@DJ_Spazzy okay ye, it’s pretty difficult to argue biden was good
@@DJ_Spazzybecause you consider the result was bad doesn't mean you have to throw everything out of the window
@@Denes2005 Is it really, though? Inflation is down, and jobs are up. That's like, the universal determinant of whether or not a presidency is good or not. I'm not sure what more Biden could've done if this isn't enough.
Do you people genuinely want deflation, because "high prices"? Do you not understand basic economics, and why deflation would be bad for any economy?
@@reaperz5677>inflation is down and jobs are up
I love it when we lie with numbers
Taxing 25% on Canadian oil even though we import from them the most...pickup truck owners will like those new gas prices. 😂
Even if we drill domestically it doesn't mean we have the capability for to refine the oil here. But with all these tariffs why would anyone want to import US oil?
I am convinced that the environment is now fucked. Some of us cared to something about it but not enough since 72 million people voted a climate skeptic back into office.
*76 million
It's a shame Americans aren't actual people, and not puddles of e numbers, ignorance, and shit.
The climate was already fvck3d since China and India and any underdeveloped country will not stop CO2 emissions
Cope
@yahnah9116 cope with the fact that the world will be ending within the century or just a few decades? Cope that none of us, including you, have a future?
I love how you broke down the XAI312x project in your video! Can’t wait to see it soar!
During his first term, whatever he said, renewables kept increasing and coal dying , because it just makes economic sense. And the same would probably keep happening. That's not to say that a lot of problems couldn't be unleashed here and there.
Its crazy how Biden is quite possibly the best President americans had since 1960s every single fucking metric he fucking stomps
Exactly. Highest inflation rate in nearly 50 years, highest number of border crossings, hundreds of thousands of kids unaccounted for and record levels of drug overdoses.
@@hakeemfrancis1099 he was handed this country in a horrible state... Trump got it when we were doing good n left a mess for Biden to clean up. Not saying Biden did great but to think Trump really did anything useful is even crazier
@@hakeemfrancis1099you probably think these tariffs are good for us too
@hakeemfrancis1099 drug ODs will be just as high, if not higher under Trump. There is nothing he can do to stop people from doing drugs...
@@hakeemfrancis1099do you know the whole world has been hit with inflation? You know cause of covid! (Wouldn't surprise me if you don't believe in it). And we handled inflation better than most... prices would still begoing up under Trump. Go to Europe or S.america n you'll really see what bad inflation is
So the US will be doing the Climate Hokey Cokey. This will end well
This video: "Trump's policy would be an unworkable disaster to the extent that he wasn't actually lying about implementing it, luckily everyone believes he was lying"
The US is already energy dominant and oil/gas prices aren't particularly high tho
Nokia, blackberry etc chose to not make smartphones and look what happened to them. America will follow the same route if it prioritises oil and gas over renewables. Solar and batteries are getting cheaper at rates never seen before and will be the cheapest by 2030. Lack of cheap energy will make america uncompetitive in every aspect and lose its dominance.
Want to solve inflation, bring back battery chicken eggs. Cage free eggs drove prices from $0.99 to $6.00 a dozen initially. Now averaging about $4.50.
Watch Vance speaking... he knows about what he is on about.
The thumbnail says it all.
Same ad every single time
good to know. Thank you
In the fight against human exctinction, he's on the side of extinction 💀💀
The shift to the right these past for years remains me of the 1920/1930s!
It’s a scary time for us all !!!
People have not gone further right. The left has gone too far.
Trump is going to do to American empire what Hitler did to Europe. Without Hitler, colonialism would have continued much longer.
Yeah, like the left wing governments taking away rights like freedom of speech, truly a scary time to live under any left wing government
The worlds cooked. 😎
He won't live long enough to see the consequences.
Let the drilling be.
Inflation caused by tariffs is not the same at inflation caused by an increase in the money supply. The fed will not raise rates. In fact, spending will decrease by this kind of inflation (it's not really inflation, it's just taxes causing price increases) so they might even need to lower rates to counteract the reduction in GDP Trump's plan will cause. This will seriously severe the economy.
Regarding the energy independance by drilling more oil: it'll never work without building new oil refineries. We haven't built a new refinery since the 70s and none of them can process the type of oil that we drill anymore. We literally drill more to export and will always have to import oil for our own needs unless we build refineries that can handle this oil we're exporting. As an engineer, this disgusts me that we're wasting fuel to move oil around the world. But i do understand that we're not intending to harvest oil forever, so why bother building new refineries? The real issue is the regulations. Trump won't touch those because drill baby drill is just campaign nonsense.
Oil Companies; Drilling will increase production, driving down the price of oil and require huge capex from us. No thanks...
He will never let oil prices come down, that would actually hurt oil company profits. They need oil consumption to go up in lock-step with increased production, that's why he wants to go after green energy bills.
Have you forgot his first term?
@@DJ_Spazzy
Let me guess the time when a certain "flu" was bad that nobody was on the road and oil prove went down?
@@DJ_Spazzy Crude oil prices went down to 43$ during OBAMA'S term. Trump's term saw nothing but a raise in oil prices. I'm not sure what we're supposed to remember.
Like yeah oil prices went down during the pandemic but I doubt you'd call the 2020 recession a resounding success for Trump or something.
@@reaperz5677 obongo was the first one to introduce that gas tax structure
I solely believe XAI312x will do 20x after its launch price, the hype is high and its community are not relenting.
4:44 what is that graph, my guy? Why is it percentages on the left?
Even domestically produced oil will run out some day. True energy independence comes from renewables.
So nuclear and not wind right?
Nothing can last forever ie read the laws of thermodynamics. Renewables only work in some places some of the time and only competitive on a cost basis because of cheap production in China using coal lol. Plus renewables run into huge pushback from locals and environmentalists because they take up so much land per KW energy.
Once Elon Musk's XAI312x passes $1, it may NEVER see that low again
Huge hit to Putin if oil prices drop.
So frustrating to hear over and over, the Biden administration had already done those things or those things were in some kind of process. Did they ever say anything about this at any rallies?
0:56 Talking about Trump and showing video of Russian oil pump station is some hidden message? :D
the united states oil hoarding strategy is profitably smart
by hoarding opec+ would hesitate on hoarding their oil supplies because once they do united states would then export their hoarded oil reserves thus making the opec+ efforts irrelevant
it does not only make the united states a total control to the global oil prices but it also makes every drop of their oil worth more as it should be because of the price increase created by opec+ a price warping and infinite money glitch scheme at the same time
I think opec knows this though? They would have to be the dumbest people alive if they somehow let the US win this battle
OPEC is no longer in control, places like Guyana are gonna make sure of that:/ This is just more of healing the healty.
@@kronos7110 yeah it seems like not being part of the opec+ bloc is actually more profitable for countries as opec+ have to cut the supply then non members can just flood the market with oil and make trillion times more profit than they should and also fighting the bloc's attempt to increase the price
So what your saying is there's likely going to be great Continuity with the IRA, and it was not overly Provisional, and that We Ourselves may continue to see the benefits of it?... Gerry Adams...
We needed that pipeline and gas wouldn't have skyrocketed if Biden hadn't canceled it.
Not Pro or Anti Oil/Gas but just think that sooner or later it will be dug out and that it’s a finite amount so doesn’t matter when.
We should rather try to get geothermal energy instead. The geothermal energy we have is 50,000 time of total oil and gas reserves combined.
It won't be for over a century.
Also, green energy is smarter. It means total energy independence.
@@JSM-bb80uGeothermal energy is extremely finicky to get I can't see that as being a national plan.
@@kronos7110 If thats true, then its not smart to drill everything now. It would be vise to save Some Oil/Energy to later generations.
@@Dracon7601 With newer technologies it's becoming easier to get geothermal energy from places where it wasn't possible just like what happened to oil and gas industry with fracking.
Thanks for the analysis! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Any one want to remind me what Joe Biden was doing to improve the environment over the last four years?
I feel like, when it comes to Trump’s environmental policy and the Republicans, their focus is definitely on ensuring lower gas prices and making energy more affordable for everyone, even if it comes with environmental costs. On the other hand, for Democrats, there is likely more frustration and concern, especially since Trump has made claims denying the existence of global warming and climate change. Many would likely be saddened and frustrated if he moves to withdraw from the Paris Climate Accord, which aims to address climate change. This creates a contradiction between prioritizing jobs and lower gas prices versus addressing the environmental consequences. It will be interesting to see how this plays out.
I’m not interested in watching that play out
There is no project like XAI312x...it is literally owned by Elon Musk
Than US have to take climate refugees too. US is the largest historical CO2 emitter followed by EU.
That would be China:/ Not US.
@@kronos7110China on a historical perspective hasn't produced as much CO2 as the US and is dedicated to investing in solar on massive scales. Blaming china doesn't even make much sense anymore.
"historical" Most Western countries are taking climate-conscious actions anyway. Why is this issue being brought up, so that China can emit more carbon emissions?
@@Dracon7601 China has used Coal Much longer than any western country (at least 1000 years)
@Dracon7601 look how much Coal China uses, and then look where it comes from
he will drill oil and turn on the key stone pipe line
The Keystone Pipeline is active, it even had a leak in Kansas a few years ago. It's only a new section of it that's been blocked a while back.
Oh boy. Who is going to tell Putin? He is really not going to like this.
TLDR: "Under Biden, America has become the world's biggest oil producer."
Also TLDR: **presents a graph showing that it actually happened under the Trump Administration in 2018.**
Do you guys even read the graphs? LOL
It may actually be what happens in the Middle East and Ukraine that has the biggest impact on energy.
Normalizing Russia will drop the price of oil. Letting the Middle East burn will raise it.
@@richardarriaga6271European countries aren’t going to return to RU energy. That ship has sailed.
@@Steven-vo4ee Germans might, because they're known two faced snakes. Some other countries might too, especially with far right on the rise who are very pro-Russia for whatever reason.
and EU will limit itself to try to be green while others do not give a fuck
if done well on the long run this will be great for the EU economy
long term investment in green energy is cheaper
Europe doesn't have masses of hydrocarbons, nor do we need them. Nuclear and green is the key to European energy independence.
@@obaidaserdar1780"green" energy is cheap only because governments spend hundreds of billions of dollars subsidyzing it. You just need nuclear power and some renewables and you'll already have clean energy production. Only renewables is like throwing money into a fire while gas companies score record high profits selling you energy that renewables can't provide you.
How is EU being energy independent bad?
Climate change will destroy us, Americans=ignorant
I guess you'll be doing a lot of explainer videos about Trump's plans. Good luck.
After watching 7min if video
TLDR isn't known to be politically unbiased, so I will take your views with a pinch of salt.
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TRUMP cam withdraw aid from ukraine all he wants. Once the proce of oil crashes, whats putin gonna do for cash? Falatio? 😂😂😂
Bought XAI312x after watching your video, super excited!
Buckle up
During trumps previous term, solar/wind grew - farmers were quite happy leasing land to companies. Trump was good for everyone during his first term.
Good for him self and Covid-19. He borrowed 8 Trillion $ now it has to be paid back.
Someone has a very selective memory!
Yep good for all the people with COVID who died under his term because he refused to do anything about it.
🥱
Shut off gas sales to Europe to bring the US price down. lol
Why would the gas companies do that? They will end up earning less
Or do you think the government should control the gas trade?
It's literally not allowed, lol.
@@GamerFish99 Trump did it before - 1st term. People have such short memories.
@@kronos7110 Trump did it in his 1st term. And now he's mad on tariffs. lol
@@Jay...777But Russia lacks the capacity to replace the US immediately
wow 49 seconds ago and 1 view washed
The cost of energy is the single most important factor of any economy. Trump and the US have always understood this. It's a shame Labour don't.
It's a shame you don't understand global warming might make us all extinct.
LOL, as if trump understands anything.
Ignorance is bliss
@@Dcc-yk2lo Its not called 'global warming' anymore as its been proven the earth isn't warming. It's now called 'climate change' and it won't make us extinct. To be clear I'm all for reducing pollution but the solution isn't to make people poorer. It is a fact that poor nations pollute more than rich nations as they do not have the economic capcacity to mitigate polluting activity. Oil and Gas are essential for modern societies, that will never change, it is much better to perform these activities domestically than import from the other side of the planet with much lower enviromental standards.
labor*
When Government designs the energy system, it will be prone to failure. the soaring solar installations doesn't reflect the superiority of the technology, but the generosity of state funding to subsidise it. As Warren Buffet states, (for example) wind makes no sense, but when the financial incentives are artificially introduced, we'll invest. Don't forget the ERCOT market has been close to total collapse, due to poor energy decisions, led by solar.
under trump i had mostly under 2 dollar gas 2017-2020 compared to bidens four years 2021-2024 where it reached highs of 4 dollars plus (dont bring up covid gas prices because it was still cheap before covid)
Ye, its not like a global pandemic and Russia(huge oil producer) going to war had anything to do with that
Sure bud, I also remember a global pandemic causing such a massive drop in oil demand that prices were negative for short periods. But yeah that was all Trump. Sure thing.
No one was driving, why would gas be expensive then?
@@Seth9809 artificial market manipulation.
Most of the US use non US oil for its fuel and exports there own oil as they can't refine it at home.
@@GamerFish99 yea its not like the global pandemic happened 3 years in trumps term even before the gas prices were still low but ok keep trying to make that arguement
2:35 and then 3:00 you directly contradict yourself. First you say American oil companies are paying out huge dividends (thus have massive profits) and then you state the shell oil production is expensive and there is no space to drop prices. Both can not be true at the same time.
The point they are making is that among exploitable American oil fields some would only be profitable to tap if oil prices were higher. You aren't going to tap into an oil field where it costs much more than $40-45 or more to extract a barrel worth of oil if the price of oil is only sitting at around $70 per barrel on the open market. The margins (right now the average barrel of oil costs $36 to produce in the U.S vs the $75 current market price) just wouldn't make it a profitable venture. So, just because there's enough accessible oil reserves to increase net production doesn't mean it'll actually happen because the profitability of that oil must be taken into account. Basically, American petroleum companies aren't going to increase production if it means losing money through the poor margins brought on by more difficult to extract oil
Some of the Profits are from 2022 & 2023, Energy prices continue going down = less profit. If Oil goes lower? Oil companys will reduce investments & drilling so less oil produced.
Dividend payments don’t need to be paid from profits, look at British water companies for example.
Also it’s shale, not shell.
They also said that these companies are doing stock buybacks because they have no where to expand business while also saying that shale is an area that could be expanded into, but is capital intensive. Both of these contradict each other. This felt more like an anti-Trump piece than actual news for some reason.
TLDR keep making excuses for the Biden Administration.
TLDR should be political neutral, not lefties
Presenting information which contradicts your Dear Leader doesn’t equal “lefties”.
@@Steven-vo4ee No, being left-wing biased makes them "lefties." But I disagree with pka - they shouldn't have to be neutral, they can be whatever end of the spectrum they want to be - as long as it's clear where the bias lies, like with CNN or Fox. I think TLDR "try" to be neutral, or at least try to present neutrality - they fail at it though largely because I assume they don't regularly interact with anyone who disagrees with them so they don't understand any viewpoint beyond their own (standard fare for the left tbh). But TLDR should be who they are/want to be.
@@meth3rlenceTbh you just need to look at the curve of oil discovery, oil extraction and the evolution of the relative price of oil compared to renewables to realise that this is mind-numingly stupid policies even if you don't believe in climate change
@@meth3rlence Evidence of their "left-wing bias"?
@@Steven-vo4ee you're a funny dude. I like you.
Donald Trump will bring down energy prices
Yes. With his concept of a plan; and/or riding on top of the momentum of Biden's work.
You didn’t actually watch the video did you.
Edit: this video was posted 10 minutes ago and you posted your comment 9 minutes ago. You didn’t watch the video
Not with 25% tariffs on Canadian oil and electricity he will not. You do read the news don't you?
@@vinny5915 ah yes "momentum" what momentum? his 9% inflation rate? his 25% consumer index increase? his about 2 dollar average hike of gas the past 4 years? his making energy more expensive causing businesses to struggle more?
You're delusional
"Refine, baby, refine" should be the mantra.
"The cost of solar projects in the US drop by about 60%." That's technically correct. Another way of saying it would be, "About 60% of the cost of solar projects are covered by taxpayers." Subsidies for anything make it impossible to know the actual cost. Money is a tool. A way to measure one project against another. With subsidies companies have little incentive to research other solutions.
Rather than getting rid of subsidies, Trump could require any company getting them to have their books open to the public.
The Paris Accords are another scam.
subsidies make solar production cheaper, meaning more money is invested in scaling up production, therefore actually making it cheaper via economies of scale. of course, you'd overlook that
“Today, one of the most powerful religions in the Western World is environmentalism.
Environmentalism seems to be the religion of choice for urban atheists.” -Michael Crichton
good
The world renowned expert in environmental science Michael Crichton, got it. /s
Great for consumers, very bad for investors! As a businessman, I'm not sure he'll go for that.
One of orange man's best policies
hes a clown, oil companys is not interested in low oil Price = loose money
I honestly think Elon Musk's XAI312x is the safest bet for long term hold, and will survive out of every other altcoins. It will get adopted in US, Ecuador, Asia, starting from Japan, and slowly spread out and gain. This is a winning coin, apart from all the technical greatness.
Loving SOL and XAI312x! Following your advice has made me $30K in profits. Super excited for the future of these projects!
Loving SOL and XAI312x! Following your advice has made me $30K in profits. Super excited for the future of these projects!