WEBVTT - White House Oil Meeting 0:00:00.080 --> 0:00:01.840 Thanks to all of you for being with us. 0:00:01.920 --> 0:00:04.200 Right down our toll free telephone number you want to 0:00:04.200 --> 0:00:05.640 be a part of the program. We have a lot 0:00:05.640 --> 0:00:09.240 of great news on the economy. We have new video 0:00:09.680 --> 0:00:14.920 out of Minnesota that is up close that shows the 0:00:15.080 --> 0:00:19.159 entire lead up confrontation to what happened there prior to 0:00:19.239 --> 0:00:22.520 the shooting. The President just stepped in a room at 0:00:22.520 --> 0:00:25.640 the White House with oil executive. 0:00:25.800 --> 0:00:28.080 Let's dip in and listen to some of that. 0:00:29.080 --> 0:00:34.800 Well, let's say honor with the biggest companies in the 0:00:34.840 --> 0:00:42.400 world by far, I would say, And we're doing tremendous things. 0:00:42.560 --> 0:00:46.479 Our country is doing very well. You saw the numbers 0:00:46.520 --> 0:00:52.040 that got released today yesterday. Deficits cut way way way 0:00:52.080 --> 0:00:55.760 back at levels that nobody's ever seen before, setting records, 0:00:56.560 --> 0:00:59.880 and the numbers coming into our country are unprecedented. 0:01:00.520 --> 0:01:01.760 And we're doing really well. 0:01:02.440 --> 0:01:07.560 We had a situation three days ago with Venezuela, and 0:01:07.560 --> 0:01:11.680 we're getting along extremely well with the people of Venezuela. 0:01:11.680 --> 0:01:17.280 About the people and the people that are running Venezuela. 0:01:17.480 --> 0:01:19.640 I just want to thank our military. What they've done 0:01:19.720 --> 0:01:23.120 is incredible. That was considered unprecedented to go into a 0:01:23.160 --> 0:01:28.319 military fort with thousands of soldiers and others, and to 0:01:28.400 --> 0:01:31.920 come in with one hundred and fifty two planes going 0:01:31.959 --> 0:01:38.120 every which way and very rapid speeds and helicopters, and 0:01:38.280 --> 0:01:42.480 to come out with no deaths and the loss of 0:01:42.520 --> 0:01:44.440 no equipment. It was pretty amazing. 0:01:44.560 --> 0:01:46.080 Nobody's seen anything like it. 0:01:46.240 --> 0:01:49.720 I was called by the leaders of numerous countries. I 0:01:49.720 --> 0:01:53.720 won't go into which ones, but the biggest and the strongest, 0:01:53.760 --> 0:01:55.400 and they said that was very impressive. 0:01:56.160 --> 0:01:57.160 They're all oppressed. 0:01:58.640 --> 0:02:01.240 But today I'm delighted to well come almost two dozen 0:02:01.320 --> 0:02:05.360 of the biggest and most respected oil and gas executives 0:02:05.360 --> 0:02:07.840 in the world to the White House in honor to 0:02:07.880 --> 0:02:11.240 be with them. We have many others that were not 0:02:11.320 --> 0:02:13.359 able to get in. I said, if we had a ballroom, 0:02:14.520 --> 0:02:18.120 we'd have over a thousand people. Everybody wanted. I never 0:02:18.160 --> 0:02:20.120 knew your industry was that big. I never knew you 0:02:20.160 --> 0:02:25.400 had that many people in your industry. But here we are, 0:02:26.000 --> 0:02:28.080 and if your in fact, if you look come to 0:02:28.160 --> 0:02:32.880 think of it, wow, I got to look at this myself. 0:02:39.480 --> 0:02:43.000 Wow, what of you? 0:02:43.600 --> 0:02:45.040 This is the door to the ballroom. 0:02:49.560 --> 0:02:50.079 What did you. 0:02:52.080 --> 0:02:55.240 Unusual time to look? But I figured we might as 0:02:55.240 --> 0:02:57.240 well do it. If the fake news would like to 0:02:57.280 --> 0:02:58.880 go back and take a look. You can, but you 0:02:58.880 --> 0:03:02.040 just see a very big foundation that's moving. We're head 0:03:02.080 --> 0:03:05.000 of schedule in the ballroom and under budget. It's going 0:03:05.080 --> 0:03:07.080 to be I don't think there'll be anything like it 0:03:07.120 --> 0:03:07.760 in the world. 0:03:07.840 --> 0:03:09.160 Actually, I think it's be. 0:03:08.960 --> 0:03:11.360 The best we want from this is, as you know, 0:03:11.440 --> 0:03:14.600 our biggest room, which would seat one hundred for dinner. 0:03:14.720 --> 0:03:18.800 Maybe maybe you're lucky if you're nice and tight, and 0:03:18.840 --> 0:03:22.120 the ballroom will seat many, and it'll also take care 0:03:22.120 --> 0:03:26.280 of the inauguration with bulletproof glass, drone proof ceilings, and 0:03:26.320 --> 0:03:27.080 everything else. 0:03:26.919 --> 0:03:28.399 Unfortunately that today you need. 0:03:30.360 --> 0:03:33.079 So we're going to discuss how these great American companies 0:03:33.120 --> 0:03:37.760 can help rapidly rebuild Venezuela as the lapidated oil industry 0:03:37.800 --> 0:03:42.119 and bring millions of barrels of oil production to benefit 0:03:42.240 --> 0:03:45.440 the United States, the people of Venezuela, and the entire world. 0:03:46.600 --> 0:03:52.600 And yesterday the number is thirty million barrels. I can't 0:03:52.600 --> 0:03:57.000 even is that a correct number. Thirty million barrels near 0:03:57.040 --> 0:04:01.920 that peter of oil was given to us by Venezuela. 0:04:02.120 --> 0:04:03.080 That's a lot of oil. 0:04:03.160 --> 0:04:06.400 It's about four billion dollars worth and it's on our 0:04:06.440 --> 0:04:08.680 way too. It's on its way to the United States 0:04:08.720 --> 0:04:12.480 right now, and we want to thank Venezuela for that, 0:04:13.640 --> 0:04:16.200 and we're working very well with them. Obviously they wouldn't 0:04:16.200 --> 0:04:17.320 have been so generous, but. 0:04:17.279 --> 0:04:18.200 They respect us. 0:04:18.320 --> 0:04:21.960 Again, they didn't respect us at all before. So that's 0:04:22.000 --> 0:04:24.200 money that goes to the United States. Some will go 0:04:24.279 --> 0:04:28.080 to Venezuela and some will go to the oil companies, 0:04:28.120 --> 0:04:31.920 but not that because that's already been extracted. So when 0:04:32.040 --> 0:04:35.600 you're not getting any of that, but when you start extracting, 0:04:35.720 --> 0:04:41.080 you'll get. But it's tremendous reserves, among. 0:04:40.800 --> 0:04:41.720 The biggest in the world. 0:04:41.839 --> 0:04:43.800 Some people say it is the biggest in the world. 0:04:44.800 --> 0:04:47.200 And we're going to be working with Venezuela. We're going 0:04:47.240 --> 0:04:50.360 to be making the decision as to which oil companies 0:04:50.400 --> 0:04:51.720 are going to go in, that we're going to allow 0:04:51.760 --> 0:04:53.760 to go in, going to cut a deal. 0:04:53.600 --> 0:04:54.400 With the companies. 0:04:54.520 --> 0:04:58.720 Will probably do that today or very shortly thereafter with 0:04:58.800 --> 0:05:03.400 Chris and Doug, and we're dealing with the country, so 0:05:03.480 --> 0:05:05.799 we're empowered to make that deal. 0:05:06.480 --> 0:05:07.040 And you have. 0:05:06.960 --> 0:05:10.680 Total safety, total security. One of the reasons you couldn't 0:05:10.680 --> 0:05:12.920 go in is you had no guarantees, you had no security. 0:05:12.920 --> 0:05:15.400 But now you have total security. It's a whole different 0:05:15.520 --> 0:05:20.200 Venezuela and Venezuela is going to be very successful and 0:05:20.240 --> 0:05:22.080 the people of the United States are going to be 0:05:22.080 --> 0:05:28.839 big beneficiaries because we're going to be extracting numbers in 0:05:28.920 --> 0:05:30.640 terms of oil like you know, a few people have 0:05:30.760 --> 0:05:36.000 ever seen. Actually, so you're dealing with us directly. You're 0:05:36.040 --> 0:05:37.960 not dealing with Venezuela at all. We don't want you 0:05:38.000 --> 0:05:42.360 to deal with Venezuela. Let me thank Vice President jad Vans, 0:05:42.360 --> 0:05:47.359 who's doing a fantastic job. Secretary of State Marco Rubio 0:05:47.520 --> 0:05:52.640 likewise a fantastic job. I have good people. I like 0:05:52.680 --> 0:05:55.360 them better than my first group. But we had a 0:05:55.400 --> 0:05:57.880 great despite that, we had a great first term. We 0:05:57.920 --> 0:06:01.000 had some great people there too. By the way, we 0:06:01.120 --> 0:06:04.359 had a great first term. We had the greatest economy 0:06:04.360 --> 0:06:06.080 in the history of our country in the first term. 0:06:06.080 --> 0:06:09.240 But this is blowing it away and you haven't seen 0:06:09.279 --> 0:06:12.919 anything yet. Everyone's been shocked by the numbers. Five point 0:06:12.960 --> 0:06:16.560 four percent GDP. And that's despite the fact that we 0:06:16.560 --> 0:06:20.960 were badly hurt by the Democrat shutdown, of which they'd 0:06:21.000 --> 0:06:22.719 like to see if they could shut it down again. 0:06:24.240 --> 0:06:29.640 Secretary of the Interior Doug Bergham, who's fantastic Secretary of Energy. 0:06:29.720 --> 0:06:33.160 Chris's right recommended by Doug as being the greatest oil 0:06:33.200 --> 0:06:36.000 man anywhere in the world, because I wanted Doug for 0:06:36.040 --> 0:06:39.720 that job energy, and Doug said, no, sir, it is 0:06:39.760 --> 0:06:41.839 a man named Chris Right. I said, who the hell 0:06:41.960 --> 0:06:45.000 is Chris Right? He said, he's the most talented oil 0:06:45.040 --> 0:06:48.040 man anywhere in the world. I doubt you can get 0:06:48.120 --> 0:06:51.000 him because typically oil men make a lot of money, 0:06:51.200 --> 0:06:54.600 and women they make a lot of money. But Chris came, 0:06:55.200 --> 0:06:57.919 you took one of the greatest salary cuts, probably in history. 0:06:59.360 --> 0:07:02.400 But he said, fantastic person. Loves our country and many 0:07:02.480 --> 0:07:05.400 other important members of this team, and I want to 0:07:05.400 --> 0:07:07.560 thank them for their efforts. As you know, last week, 0:07:07.600 --> 0:07:10.160 the United States Armed Forces performed one of the most 0:07:10.200 --> 0:07:17.120 spectacular military operations in American history, apprehending the outlaw dictator 0:07:17.400 --> 0:07:21.720 Nicholas Maduro for his crimes against the United States, crimes 0:07:21.760 --> 0:07:25.880 for which he has now been indicted as in federal 0:07:26.040 --> 0:07:27.600 court awaiting trial. 0:07:29.120 --> 0:07:31.000 And he killed many people. 0:07:31.360 --> 0:07:37.640 Millions of people actually, and allowed jails, prisons, mental institutions, 0:07:37.640 --> 0:07:42.040 insane asylums, drug dealers, drug addicts to pour into our 0:07:42.040 --> 0:07:46.400 country totally unchecked because of Sleepy Joe Biden's policy of 0:07:46.440 --> 0:07:49.119 open borders, the stupidest thing I've ever seen. We're getting 0:07:49.160 --> 0:07:54.280 them all out. The departure of Maduro makes it possible 0:07:55.120 --> 0:08:00.280 an incredible future for both nations, Venezuela and the United States, 0:08:00.280 --> 0:08:05.120 in which we will more closely integrate the economies of 0:08:05.200 --> 0:08:09.520 two major energy powers in the Western Hemisphere. Energy coming 0:08:09.600 --> 0:08:11.880 out of Venezuela was very small. One of the things 0:08:11.880 --> 0:08:14.440 the United States gets out of this will be even 0:08:14.480 --> 0:08:18.920 lower energy prices. We have people now getting gasoline for 0:08:19.040 --> 0:08:22.640 dollar ninety nine, a dollar ninety six, a dollar ninety five, 0:08:22.800 --> 0:08:26.640 dollar ninety two yesterday somebody and it used to be 0:08:26.680 --> 0:08:29.400 three and a half four dollars five dollars a gallon, 0:08:30.480 --> 0:08:35.080 thinking that a dollar ninety nine decades ago, the United 0:08:35.160 --> 0:08:41.120 States built Venezuela's oil industry at tremendous expense with American skill, technology, 0:08:41.200 --> 0:08:45.640 know how, and dollars. But those assets were stolen from us, 0:08:46.760 --> 0:08:50.520 and we had presidents said nothing about it. This president 0:08:50.640 --> 0:08:53.240 is much different than your other presidents. They did nothing 0:08:53.280 --> 0:08:55.240 about it. They stolen Some of the people in this 0:08:55.400 --> 0:08:58.800 room were a little bit younger when that happened, but 0:08:58.840 --> 0:08:59.840 not that much younger. 0:09:00.800 --> 0:09:02.079 Wasn't that long ago. 0:09:02.679 --> 0:09:07.000 But they stole our assets like we were babies, and 0:09:07.040 --> 0:09:09.960 the United States said absolutely nothing about it. So now 0:09:09.960 --> 0:09:13.640 we're doing everything about it. Now we're doing five hundred 0:09:13.679 --> 0:09:17.240 percent about it. But it's a long time after the 0:09:17.240 --> 0:09:20.840 Act took place. So they stole from us, and it 0:09:20.960 --> 0:09:23.840 was taken by socialists and communists at the time, and 0:09:24.000 --> 0:09:27.960 Venezuela was going bad, really bad, and as much oil 0:09:28.000 --> 0:09:32.920 as they have, they're producing almost nothing, almost nothing, which 0:09:32.960 --> 0:09:33.960 is just a system. 0:09:34.720 --> 0:09:36.960 So we're really if you look at. 0:09:36.800 --> 0:09:40.240 It, we're taking back what was taken from us. They 0:09:40.280 --> 0:09:44.559 took our oil. We built that entire oil industry started 0:09:44.600 --> 0:09:47.480 a long time ago, but they took it, and they 0:09:49.200 --> 0:09:51.960 they were very ungracious to this country. But now they're 0:09:51.960 --> 0:09:56.120 being very nice. American companies will have the opportunity to 0:09:56.160 --> 0:10:01.520 rebuild Venezuela's rotting energy infrastructure sure and eventually increase oil 0:10:01.520 --> 0:10:06.640 production to levels never ever seen before. When you add 0:10:07.000 --> 0:10:09.880 Venezuela in the United States together, we have fifty five 0:10:09.920 --> 0:10:13.800 percent of the oil in the world. The United States 0:10:13.840 --> 0:10:17.280 is number one. We have them drilling, drill, baby, drill 0:10:17.440 --> 0:10:21.240 was my campaign and Doug and Chris I think we're 0:10:21.720 --> 0:10:26.319 setting records on drilling right now and taking oil without Venezuela. 0:10:26.760 --> 0:10:30.160 That's how we're getting the oil prices down. The plan 0:10:30.320 --> 0:10:34.560 is for them to spend, meaning our giant oil companies 0:10:34.600 --> 0:10:37.599 will be spending at least one hundred billion dollars of 0:10:37.679 --> 0:10:40.720 their money, not the government's money. They don't need government money, 0:10:42.120 --> 0:10:45.320 but they need government protection and the need government's security 0:10:45.400 --> 0:10:48.440 that when they spend all this money, it's going to 0:10:48.480 --> 0:10:50.720 be there, so they get their money back and make 0:10:50.760 --> 0:10:53.520 a very nice return. The plan is for them to 0:10:53.520 --> 0:10:57.400 spend at least one hundred billion dollars to rebuild the 0:10:57.520 --> 0:11:03.080 capacity and the infrastructure. Sarah Venezuela has also agreed that 0:11:03.120 --> 0:11:06.400 the United States will immediately begin refining and selling up 0:11:06.400 --> 0:11:11.600 to fifty million barrels of venezuela and crude oil, which 0:11:11.640 --> 0:11:15.200 will continue indefinitely. We're all set to do it. 0:11:15.840 --> 0:11:16.120 We have. 0:11:16.240 --> 0:11:19.200 The refining capacity was actually based very much on the 0:11:20.559 --> 0:11:23.480 Venezuelan oil, which is a heavy oil, very good oil, 0:11:23.559 --> 0:11:29.000 great oil. It's fantastic for certain things like asphalt roads. 0:11:29.440 --> 0:11:31.720 The best there is in the world for asphalt roads. 0:11:31.760 --> 0:11:35.040 Another thing all of the companies here today. 0:11:35.080 --> 0:11:38.600 A hi President Trump now meeting with his cabinet and 0:11:38.679 --> 0:11:44.280 with oil executives on the issue of rebuilding Venezuela's oil infrastructure. 0:11:44.360 --> 0:11:46.520 We're going to carry this through the half hour, then 0:11:46.559 --> 0:11:48.400 we'll get to our opening monologue. We got a lot 0:11:48.400 --> 0:11:51.960 of paget to today, including my interview with President Trump yesterday, 0:11:52.000 --> 0:11:54.800 and much more. Straight ahead, we continue our coverage for 0:11:54.880 --> 0:11:57.640 stations along the Sean Hennity Show network. 0:11:58.960 --> 0:12:02.720 Twenty five people that aren't here today that are willing 0:12:02.760 --> 0:12:06.320 to take your place. So I just want to thank 0:12:06.880 --> 0:12:09.440 These are people that I either know or I know 0:12:09.520 --> 0:12:13.800 of by reading lots of business magazines and journals and papers. 0:12:14.559 --> 0:12:17.560 These are the greatest oil people anywhere in the world. 0:12:18.520 --> 0:12:19.240 Harold Ham, I. 0:12:19.240 --> 0:12:21.520 See us here. Harold. You know there's a story about 0:12:21.520 --> 0:12:24.600 Harold Ham that he can look at a piece of land, 0:12:24.840 --> 0:12:27.800 put a straw into the land and oil pours out. 0:12:28.160 --> 0:12:30.840 Set true about you, whereas some of you guys have 0:12:30.920 --> 0:12:34.440 to invest hundreds of millions of dollars to find that oil. 0:12:34.480 --> 0:12:36.559 So we can't let that story be true. But they 0:12:36.559 --> 0:12:39.800 say Harold puts a straw into the land and oil 0:12:39.960 --> 0:12:42.599 comes gushing out. So You're not a big R and 0:12:42.679 --> 0:12:43.720 D person, are you. 0:12:43.880 --> 0:12:44.520 Huh. 0:12:44.679 --> 0:12:49.719 He's called instinct for oil. Now he's got other problems, 0:12:49.760 --> 0:12:52.679 but we won't talk about those problems. But he's been 0:12:52.720 --> 0:12:55.240 a great supporter of mine for a long time, haven't you, Harold. 0:12:55.280 --> 0:12:58.559 So congratulations, But we have, and I think Harold would agree. 0:12:58.559 --> 0:13:02.280 We have the greatest oil men and women anywhere in 0:13:02.320 --> 0:13:05.040 the world sitting in this room right now, and we 0:13:05.160 --> 0:13:06.880 have a lot of people that will be back to 0:13:06.880 --> 0:13:09.600 see us sometime next week. We're going to have another 0:13:09.679 --> 0:13:13.200 meeting for another group, but we're going to do this 0:13:13.280 --> 0:13:16.360 very quickly. We can have this done almost immediately. So 0:13:16.360 --> 0:13:18.720 I'd like to thank you all for being here. I'd 0:13:18.800 --> 0:13:23.120 like to invite Vice President Advance to say a few words, 0:13:23.160 --> 0:13:27.240 followed by Secretari's Rubio Bergerman Wright, and then we'll have 0:13:27.280 --> 0:13:30.600 a few words from representatives that are here and to 0:13:30.720 --> 0:13:32.160 discuss their ideas. 0:13:32.280 --> 0:13:33.080 A couple of them. 0:13:34.120 --> 0:13:38.080 We have a Chevron which has been where Chevron, Where 0:13:38.080 --> 0:13:42.120 are you right? No, I thought you'd have a better location. 0:13:42.280 --> 0:13:44.760 You were the only one that was there for all 0:13:44.800 --> 0:13:47.360 that I used to call you and say what the 0:13:47.400 --> 0:13:48.520 hell is going on? With them? 0:13:48.559 --> 0:13:49.000 As well? 0:13:49.520 --> 0:13:51.160 He stuck it out. I don't know if you made 0:13:51.160 --> 0:13:53.080 money or not, but you stuck it out. They've got 0:13:53.120 --> 0:13:55.959 to give you a lot of credit for that. Mark Nelson, 0:13:56.040 --> 0:14:00.199 thank you very much. Exceon CEO Darren Woods, Darren, thank 0:14:00.240 --> 0:14:03.440 you very much. How's EXUN doing? Okay, they'll do a 0:14:03.440 --> 0:14:07.320 lot better now, won't they. X UN's been amazing. It's 0:14:07.360 --> 0:14:12.640 been an amazing company. And Connaco Phillips CEO Ryan Lance, 0:14:13.679 --> 0:14:15.800 thank you very much. So you guys could say something 0:14:15.840 --> 0:14:18.640 and then we'll take some questions from the press, and 0:14:19.760 --> 0:14:22.200 if anybody else would like to speak, we'll have you speak. 0:14:22.520 --> 0:14:24.080 We have all the time in the world. It's a 0:14:24.080 --> 0:14:29.360 big subject. This is massive wealth, and more importantly than 0:14:29.560 --> 0:14:32.200 massive wealth, it leads to lower taxes and a lot 0:14:32.200 --> 0:14:36.720 of jobs for Americans and for Venezuelans, but for Americans 0:14:36.800 --> 0:14:40.800 in this case. And I just again appreciate your all 0:14:40.840 --> 0:14:43.080 being here, and I'd like to ask JD to say 0:14:43.080 --> 0:14:43.640 a few words. 0:14:43.680 --> 0:14:46.200 Please, thank you, oh thank you, mister president, thanks to 0:14:46.200 --> 0:14:49.920 everybody for being here. You know, as a Marine Corps veteran, 0:14:49.960 --> 0:14:52.600 for my entire lifetime, presidents and let's be honest, they 0:14:52.600 --> 0:14:56.680 were Democrats and Republicans would send the American military. 0:14:56.200 --> 0:14:57.320 To far off places. 0:14:57.520 --> 0:14:59.760 They would get us involved in these endless squagmires, they 0:14:59.760 --> 0:15:02.800 would lose hundreds or thousands of American lives, and the 0:15:02.800 --> 0:15:06.320 American people would get nothing out of these misadventures. And 0:15:06.400 --> 0:15:08.920 now you have an American president who's empowered the American 0:15:08.920 --> 0:15:12.400 military to stop the flow of drugs into our country 0:15:12.680 --> 0:15:15.840 and to ensure that we, as opposed to our adversaries, 0:15:15.880 --> 0:15:19.080 control one of the great energy reserves that exist anywhere 0:15:19.120 --> 0:15:20.160 in the entire world. 0:15:20.440 --> 0:15:21.040 And he did. 0:15:20.920 --> 0:15:24.280 It without losing a single American life in the process. 0:15:24.320 --> 0:15:26.680 It was an amazing operation. It's going to make our 0:15:26.720 --> 0:15:29.480 country richer, it's going to make our country more powerful, 0:15:29.680 --> 0:15:31.960 it's going to make our country safer, and it's going 0:15:32.000 --> 0:15:35.400 to lead to the decline, the further decline of drug 0:15:35.440 --> 0:15:38.640 overdose tests in the United States of America. An amazing thing, 0:15:38.720 --> 0:15:40.640 and I'm happy to be here to talk about how 0:15:40.640 --> 0:15:42.560 we can make it an even bigger and better operation 0:15:42.600 --> 0:15:43.440 for the American people. 0:15:43.440 --> 0:15:47.200 Thank you, sir, Thank you very much. Marco, Thank you, 0:15:47.240 --> 0:15:47.880 mister President. 0:15:47.880 --> 0:15:49.720 And I think this is a reminder that everything this 0:15:49.760 --> 0:15:51.840 president does, everything President Trump. 0:15:51.560 --> 0:15:53.240 Does, is with the American people in mind. 0:15:53.280 --> 0:15:55.720 And it was not in the national interest or national 0:15:55.720 --> 0:15:58.280 security of the United States and of our people to 0:15:58.360 --> 0:16:01.400 have in our own hemisphere a country not just with 0:16:01.520 --> 0:16:05.479 vast energy reserves, but controlled by an indicted narco trafficker 0:16:05.800 --> 0:16:10.360 who flooded our country with illegal immigration, including drug gang members. 0:16:10.640 --> 0:16:12.120 Flooded, are openly. 0:16:11.800 --> 0:16:15.120 Cooperated with drug gangs, and by the way, opened stole 0:16:15.160 --> 0:16:18.440 the wealth of that country to fund a repressive regime 0:16:18.560 --> 0:16:20.720 and ultra benefit adversaries such as Iran. 0:16:20.960 --> 0:16:24.320 All of that is now changing part of this process. 0:16:24.880 --> 0:16:26.680 The first phase, of course, is the phase we're in now, 0:16:26.680 --> 0:16:28.680 which is a stabilization phase. We did not want to 0:16:28.720 --> 0:16:32.040 see destabilization in the country. We're working very cooperatively with 0:16:32.120 --> 0:16:34.880 the intram authorities there to provide a market for the 0:16:34.920 --> 0:16:37.960 sale of the wealth of Venezuela in such a way 0:16:37.960 --> 0:16:40.080 that benefits to people both of the United States but 0:16:40.120 --> 0:16:42.920 also the people of Venezuela. And as a reminder to everyone, 0:16:43.000 --> 0:16:45.800 the President announced this just two days ago. Every penny 0:16:46.040 --> 0:16:47.960 everything they buy with the money that they're making from 0:16:47.960 --> 0:16:49.520 the oil and now, mister President. 0:16:49.320 --> 0:16:50.680 Will be bought from America. 0:16:51.000 --> 0:16:54.160 And that includes everything from equipment for the oil industry 0:16:54.200 --> 0:16:56.280 to food to medicine, and everything in between. 0:16:56.520 --> 0:16:58.720 The second will be a phase of recovery. 0:16:58.240 --> 0:17:00.200 And then some of these phases will interlap, and that 0:17:00.320 --> 0:17:02.240 is to have a normal economy again where the money 0:17:02.320 --> 0:17:05.400 goes to the benefit of people, not the benefit of 0:17:05.400 --> 0:17:09.400 our adversaries or the benefit of elements in that country 0:17:09.560 --> 0:17:11.720 and around the world that are against our interests. At 0:17:11.720 --> 0:17:14.119 the same time as the process of reconciliation has to 0:17:14.160 --> 0:17:17.600 happen internally among the different sectors of society and politics 0:17:17.640 --> 0:17:19.919 and the like. And finally, the third phase, which is 0:17:20.000 --> 0:17:22.040 the most important of the three, is when the country 0:17:22.080 --> 0:17:25.119 fully transitions into a normal country that we have strong 0:17:25.200 --> 0:17:29.560 economic and diplomatic and relations with, that is friendly towards 0:17:29.600 --> 0:17:32.200 the United States, that's not a foothold for our adversaries, 0:17:32.200 --> 0:17:34.440 that serves our interests, but also the interests of the people. 0:17:34.480 --> 0:17:36.439 It'll be a country that is wealthy, a country that 0:17:36.560 --> 0:17:39.560 is prosperous for the people, not for a handful of 0:17:39.960 --> 0:17:42.840 the criminals, but also a country that is supportive of 0:17:42.880 --> 0:17:45.600 our interests in the region and throughout the world. And 0:17:45.640 --> 0:17:47.720 we thank you, mister President, and the team you've assembled 0:17:47.760 --> 0:17:49.600 that brought us to this point. A lot of work 0:17:49.640 --> 0:17:51.919 remains important work, but this is historic. 0:17:53.000 --> 0:17:55.080 Okay, thank you very much, Doug. 0:17:57.600 --> 0:18:01.120 Well, mister President, I want to thank you for your leadership, 0:18:01.720 --> 0:18:04.760 not just as president but as commander in chief. The boldness, 0:18:04.800 --> 0:18:09.359 the execution, the breathtaking, we precise work that you've delivered 0:18:09.359 --> 0:18:12.720 both in Iran back in June and here has changed 0:18:12.760 --> 0:18:15.760 the field for the whole world. And you always ran 0:18:15.800 --> 0:18:19.600 about the idea of peace and prosperity. And in Venezuela, 0:18:19.760 --> 0:18:21.920 as you know, this is a playground for every bad 0:18:21.960 --> 0:18:26.480 actor in the world. We had Russians, Iran terror groups, 0:18:26.960 --> 0:18:29.760 all of them profiting from this criminal organization that was 0:18:29.840 --> 0:18:33.719 pretending to run the country. That makes America safer. If 0:18:33.720 --> 0:18:36.200 you've secured the border, we're stopping the flow of drugs, 0:18:36.240 --> 0:18:39.680 and now with the normalization of relationships on an economic basis, 0:18:39.880 --> 0:18:43.439 it's going to mean tremendously for the prosperity of the 0:18:43.440 --> 0:18:47.600 American people. So I just want to say again congratulations 0:18:47.600 --> 0:18:50.399 to you and to the entire leadership team. It's been 0:18:50.400 --> 0:18:53.760 an amazing historic week on the scale of things that 0:18:53.800 --> 0:18:56.320 we haven't seen perhaps for one hundred and twenty five years, 0:18:56.320 --> 0:19:00.359 in terms of the US exerting its influence over Latinuyora 0:19:00.359 --> 0:19:02.119 in a way that's going to make a change for 0:19:02.200 --> 0:19:05.280 generations and on behalf of all the oil executives that 0:19:05.320 --> 0:19:07.880 are here today, Chris and I want to say thank 0:19:07.880 --> 0:19:11.360 you to all of you. It's your technology, your innovation 0:19:11.880 --> 0:19:14.119 that has put America in the place where today we 0:19:14.160 --> 0:19:17.440 are the most energy dominant country in the world. And 0:19:16.960 --> 0:19:20.720 that position is what's allowed us to take the action 0:19:20.840 --> 0:19:24.000 that we're taking with state craft, with military action. None 0:19:24.040 --> 0:19:26.320 of that would happen if we were dependent on everybody 0:19:26.320 --> 0:19:28.679 else for energy. So you're a big part of the 0:19:28.720 --> 0:19:31.120 reason that we're able to move the way we are today, 0:19:31.119 --> 0:19:32.960 and we're grateful that you're here to be to be 0:19:33.040 --> 0:19:34.359 part of the solution going forward. 0:19:35.359 --> 0:19:37.760 Thank you, Doug, and you are doing a fantastic job 0:19:37.800 --> 0:19:42.240 and we appreciate it. Everybody appreciates They know who's doing well. 0:19:43.160 --> 0:19:48.000 Chris, right, thank you, mister President. Yeah, what we've seen 0:19:48.040 --> 0:19:52.400 in the last week is leadership matters and credibility matters. 0:19:52.760 --> 0:19:56.679 Venezuela and oil has been sanctioned for many years, and 0:19:56.720 --> 0:19:59.440 the oil just flew, you know, with those sanctions were 0:19:59.440 --> 0:20:03.680 not enforced. That oil just floated out to trafficked by 0:20:03.720 --> 0:20:07.199 bad actors of the world. That resources weren't gone to 0:20:07.200 --> 0:20:11.680 a central place. The corruption and decline of Venezuela has 0:20:11.720 --> 0:20:14.199 been a crisis for the people of Venezuela, and as 0:20:14.240 --> 0:20:18.680 Secretary Rubio said, massive spillover effects in the United States 0:20:19.160 --> 0:20:23.040 in crime and drugs and kidnappings, and in taking a 0:20:23.119 --> 0:20:27.480 huge resource base and making it not exploited, not developed. 0:20:27.720 --> 0:20:30.960 The whole world is a poorer, less opportunity rich place 0:20:31.119 --> 0:20:34.560 because of that. When you have materials underground, may have 0:20:34.560 --> 0:20:37.400 been underground for a million years, that does not make 0:20:37.440 --> 0:20:38.919 them a resource. 0:20:38.440 --> 0:20:40.200 That does not make them valuable for. 0:20:40.200 --> 0:20:43.400 Your country, your people, or the world. They only become 0:20:43.440 --> 0:20:47.480 a resource with technology, with capital, with rule of law, 0:20:47.640 --> 0:20:50.840 and a system of governance that encourages the harvesting of 0:20:50.880 --> 0:20:52.760 those resources to make the better world. 0:20:53.040 --> 0:20:53.919 And we see here the. 0:20:53.960 --> 0:20:57.800 Dramatic contrast between the United States, which may have less 0:20:57.800 --> 0:21:02.080 oil underground than Venezuela. We have twenty times the production 0:21:02.320 --> 0:21:06.680 of Venezuela, twenty times the impact of human betterment, massively 0:21:06.720 --> 0:21:09.359 better quality of living here in the United States that 0:21:09.480 --> 0:21:11.960 was at risk under the last administration. We've seen a 0:21:11.960 --> 0:21:14.480 lot of attacks on the energy that makes the world 0:21:14.520 --> 0:21:18.720 go round. President Trump's election has removed those Risks has 0:21:18.800 --> 0:21:22.239 embraced reality about how the world is energized, and we 0:21:22.320 --> 0:21:24.760 are record production of oil in the United States, record 0:21:24.840 --> 0:21:27.440 production in natural gas in the United States. We've seen 0:21:27.480 --> 0:21:31.640 a meaningful decline in gasoline prices, diesel prices, travel prices 0:21:31.640 --> 0:21:35.159 because of jet fuel. And now President Trump is taking 0:21:35.200 --> 0:21:38.119 the genius of a different way to try to solve 0:21:38.160 --> 0:21:39.320 a twenty. 0:21:38.840 --> 0:21:42.440 Five All right, that's the Energy Secretary Chris Wright speaking, 0:21:42.480 --> 0:21:46.560 Doug Bergram before him, and Secretary of State Mark or Rubio, 0:21:47.880 --> 0:21:50.400