1 00:00:00,360 --> 00:00:04,200 Speaker 1: This is America's Voice Live, and Welcome to America's Voice Live. 2 00:00:04,240 --> 00:00:06,520 Speaker 1: I'm Steve Gurrier, the pulse of the people. 3 00:00:06,680 --> 00:00:09,920 Speaker 2: We need somebody that's going to hit a people's voice, 4 00:00:10,160 --> 00:00:10,680 Speaker 2: the truth. 5 00:00:10,720 --> 00:00:12,040 Speaker 3: The mainstream won't touch. 6 00:00:12,200 --> 00:00:15,680 Speaker 1: This guy is by definition of globals and the stories 7 00:00:15,720 --> 00:00:18,640 Speaker 1: that matter. Rabs On Ben Burkwob. 8 00:00:18,360 --> 00:00:20,920 Speaker 2: Read above Miss Hill. I've got a cartel. I see him, 9 00:00:20,920 --> 00:00:21,640 Speaker 2: I see him, I see. 10 00:00:21,560 --> 00:00:27,120 Speaker 1: Him live breaking news right now here in real America's 11 00:00:27,120 --> 00:00:27,880 Speaker 1: fort filter. 12 00:00:28,160 --> 00:00:31,560 Speaker 2: These people are domestic terrorists and unapologetic. 13 00:00:31,600 --> 00:00:33,640 Speaker 1: We're here to take a stand for God and country. 14 00:00:33,680 --> 00:00:34,519 Speaker 2: Let's feel goodness. 15 00:00:34,680 --> 00:00:37,000 Speaker 4: America's Voice Live starts now. 16 00:00:42,800 --> 00:00:45,839 Speaker 1: Welcome to America's Voice Live. I'm Steve Durwert. Is Friday, 17 00:00:45,880 --> 00:00:47,919 Speaker 1: the ninth of January, the year of Our Lord, twenty 18 00:00:48,080 --> 00:00:51,000 Speaker 1: twenty six. A lot going on today, like every day, 19 00:00:51,000 --> 00:00:52,680 Speaker 1: and we're going to get right to it. We're awaiting 20 00:00:52,760 --> 00:00:55,920 Speaker 1: President Trump. We've got a live feed. He's going to 21 00:00:56,000 --> 00:00:59,440 Speaker 1: be coming in to meet with oil executives at any moment. 22 00:00:59,520 --> 00:00:59,760 Speaker 3: Here. 23 00:01:00,160 --> 00:01:01,760 Speaker 1: The moment it does, we're going to go right to 24 00:01:01,960 --> 00:01:04,720 Speaker 1: the present. Look, we're looking at oil prices that are 25 00:01:04,720 --> 00:01:07,960 Speaker 1: below sixty dollars a barrel gasoline down again today, the 26 00:01:08,000 --> 00:01:10,399 Speaker 1: national average two dollars eighty cents. What is it in 27 00:01:10,440 --> 00:01:13,440 Speaker 1: your state? It's cheap out there when it comes to energy. 28 00:01:13,480 --> 00:01:15,280 Speaker 1: And of course, everything that's happened in Venezuela in the 29 00:01:15,360 --> 00:01:17,320 Speaker 1: last handful of days means that there will be more 30 00:01:17,319 --> 00:01:20,280 Speaker 1: oil coming to the United States. It's final destination still 31 00:01:20,319 --> 00:01:22,959 Speaker 1: to be determined, and how Venezuelan and the United States 32 00:01:23,000 --> 00:01:26,480 Speaker 1: line up in this oil is still to be determined. 33 00:01:26,480 --> 00:01:30,880 Speaker 1: That's why the oil executives here. Look, the fact of 34 00:01:30,880 --> 00:01:34,600 Speaker 1: the matter is energy is key to America's success and future. 35 00:01:34,720 --> 00:01:37,920 Speaker 1: Vast quantity of cheap energy have also and always run 36 00:01:37,959 --> 00:01:41,080 Speaker 1: this country. So we'll keep an eye on the Energy Secretary, 37 00:01:41,160 --> 00:01:43,640 Speaker 1: the president so much more. We're also waiting for Secretary 38 00:01:43,640 --> 00:01:46,280 Speaker 1: of War Pete Hegseth to speak from Los Angeles today, 39 00:01:46,360 --> 00:01:48,880 Speaker 1: very busy afternoon. Before we get to all of that, though, 40 00:01:48,920 --> 00:01:52,680 Speaker 1: earlier today, Treasury Secretary of Scott Bessett was speaking in Minnesota, 41 00:01:52,720 --> 00:01:56,520 Speaker 1: going over initiatives to combat the rampant fraud in that 42 00:01:56,600 --> 00:01:59,480 Speaker 1: state billions of dollars. As we've heard. We're going to 43 00:01:59,480 --> 00:02:01,120 Speaker 1: play you a bit of that right now while we 44 00:02:01,160 --> 00:02:02,960 Speaker 1: wait for the President here it is. 45 00:02:03,680 --> 00:02:06,240 Speaker 5: I'm going to thank you all for joining me today. 46 00:02:06,600 --> 00:02:10,320 Speaker 5: President Trump has instructed the entire administration to use our 47 00:02:10,360 --> 00:02:14,760 Speaker 5: full resources to ensure we hold accountable these perpetrators who 48 00:02:14,760 --> 00:02:22,440 Speaker 5: have stolen billions from Minnesotas. I appreciate Speaker, excuse me, 49 00:02:22,560 --> 00:02:27,080 Speaker 5: des Mouth State Representative Kristen Robbins and the Minnesota State 50 00:02:27,080 --> 00:02:32,280 Speaker 5: House members for their years of work fighting fraud at Treasury. 51 00:02:32,520 --> 00:02:37,240 Speaker 5: We are thoroughly investigating the egregious fraud, including funds allegedly 52 00:02:37,320 --> 00:02:42,280 Speaker 5: sent to Somalia through money service businesses which provide financial 53 00:02:42,360 --> 00:02:46,880 Speaker 5: services outside a formal bank and could have potentially been 54 00:02:46,919 --> 00:02:52,960 Speaker 5: diverted to the terrorist organization Al Shabab. Under Democratic Governor 55 00:02:53,000 --> 00:02:58,200 Speaker 5: Tim Waltz, welfare fraud has spiraled out of control. Out 56 00:02:58,200 --> 00:03:01,920 Speaker 5: of control, We've heard robbing accounts that billions of dollars 57 00:03:01,960 --> 00:03:07,080 Speaker 5: intended for hungry kids, housing for disabled people and seniors, 58 00:03:08,639 --> 00:03:12,800 Speaker 5: and services for children with special needs were diverted to 59 00:03:12,880 --> 00:03:19,200 Speaker 5: benefit Somali fraudsters. Treasuries Financial Crimes Enforcement Network known as 60 00:03:19,240 --> 00:03:23,760 Speaker 5: BENCEN and IRS are leading our investigation to examine whether 61 00:03:23,840 --> 00:03:28,560 Speaker 5: financial institutions have complied with their legal obligations under the 62 00:03:28,560 --> 00:03:33,800 Speaker 5: Bank's Secrecy Act and Treasuries Regulations. These requirements are designed 63 00:03:33,840 --> 00:03:37,680 Speaker 5: to detect money laundering and other I listed activity, countering 64 00:03:37,720 --> 00:03:42,800 Speaker 5: the financing of terrorism, and safeguard the US financial system. 65 00:03:43,640 --> 00:03:48,240 Speaker 5: Since the earliest days of these investigations, Treasury has been 66 00:03:48,280 --> 00:03:52,279 Speaker 5: working with the DOJ and the US Attorney's Office in Minnesota. 67 00:03:53,120 --> 00:03:55,640 Speaker 5: We have traced where the money from the perpetrators went 68 00:03:56,320 --> 00:03:59,000 Speaker 5: and are investigating whether any of the money ended up 69 00:03:59,040 --> 00:03:59,960 Speaker 5: in the hands of terror. 70 00:04:00,960 --> 00:04:02,120 Speaker 6: Treasury is here. 71 00:04:02,000 --> 00:04:03,920 Speaker 5: Today because this is what we do. 72 00:04:04,520 --> 00:04:05,640 Speaker 3: We follow the money. 73 00:04:06,600 --> 00:04:10,400 Speaker 5: Earlier this morning, I met with financial institutions and made 74 00:04:10,480 --> 00:04:13,880 Speaker 5: clear we must do more to safeguard our nation and 75 00:04:13,880 --> 00:04:18,719 Speaker 5: protect our financial system from waste fraud interviews. I also 76 00:04:18,800 --> 00:04:22,760 Speaker 5: provided updates in our investigation and announced several powerful new 77 00:04:22,760 --> 00:04:27,400 Speaker 5: initiatives the Treasury will be undertaking to increased transparency and 78 00:04:27,520 --> 00:04:31,599 Speaker 5: crack down on fraud in Minnesota. First off, we have 79 00:04:31,640 --> 00:04:36,160 Speaker 5: followed the money and identified the money services business businesses 80 00:04:36,760 --> 00:04:42,760 Speaker 5: MSBs that have transferred taxpayer funds overseas. Our team at 81 00:04:42,760 --> 00:04:47,039 Speaker 5: Fincon has just provided formal notification to these businesses that 82 00:04:47,080 --> 00:04:52,599 Speaker 5: they are under federal investigation. These businesses had an obligation 83 00:04:52,760 --> 00:04:57,719 Speaker 5: to comply with anti money laundering laws and they will 84 00:04:57,760 --> 00:04:58,680 Speaker 5: be held accountable. 85 00:04:58,720 --> 00:05:01,000 Speaker 1: And as I mentioned, the present and holding a meeting 86 00:05:01,040 --> 00:05:03,000 Speaker 1: today with Oil executly. He's also in the room. 87 00:05:03,080 --> 00:05:03,320 Speaker 6: JD. 88 00:05:03,600 --> 00:05:08,320 Speaker 1: Vance, Susie Wiles, Doug Bergham, the Interior Secretary, Marco Rubio, 89 00:05:08,400 --> 00:05:11,520 Speaker 1: the Secretary of State, Chris Wright, the Energy Secretary, a 90 00:05:11,600 --> 00:05:14,479 Speaker 1: high level meeting to discuss American energy and where we 91 00:05:14,520 --> 00:05:17,960 Speaker 1: go from here. If we'll be sitting down here momentarily, 92 00:05:18,520 --> 00:05:20,320 Speaker 1: we expect some comments from him here. 93 00:05:20,360 --> 00:05:33,320 Speaker 7: He is, well, let's say, honor to be with among 94 00:05:33,360 --> 00:05:39,040 Speaker 7: the biggest companies in the world by far, I would say, 95 00:05:39,760 --> 00:05:42,680 Speaker 7: And we're doing tremendous things. 96 00:05:42,800 --> 00:05:46,760 Speaker 2: Our country is doing very well. You saw the numbers 97 00:05:46,760 --> 00:05:52,280 Speaker 2: that got released today yesterday. Deficits cut way way way 98 00:05:52,320 --> 00:05:56,000 Speaker 2: back at levels that nobody's ever seen before, setting records, 99 00:05:56,839 --> 00:05:59,880 Speaker 2: and the number is coming into our country or unprecedent. 100 00:06:00,760 --> 00:06:02,000 Speaker 6: And we're doing really well. 101 00:06:02,680 --> 00:06:07,800 Speaker 2: We had a situation three days ago with Venezuela, and 102 00:06:07,839 --> 00:06:11,920 Speaker 2: we're getting along extremely well with the people of Venezuela. 103 00:06:11,920 --> 00:06:17,560 Speaker 2: About the people and the people that are running Venezuela, 104 00:06:17,720 --> 00:06:19,200 Speaker 2: I just want to thank our military. 105 00:06:19,240 --> 00:06:20,720 Speaker 6: What they've done is incredible. 106 00:06:20,760 --> 00:06:24,239 Speaker 2: That was considered unprecedented to go into a military fort 107 00:06:24,360 --> 00:06:29,000 Speaker 2: with thousands of soldiers and others, and to come in 108 00:06:29,040 --> 00:06:32,719 Speaker 2: with one hundred and fifty two planes going every which 109 00:06:32,720 --> 00:06:39,240 Speaker 2: way and very rapid speeds and helicopters, and to come 110 00:06:39,240 --> 00:06:43,440 Speaker 2: out with no deaths and the loss of no equipment. 111 00:06:43,520 --> 00:06:46,640 Speaker 2: It was pretty amazing. Nobody's seen anything like it. I 112 00:06:46,720 --> 00:06:50,240 Speaker 2: was called by the leaders of numerous countries. I won't 113 00:06:50,240 --> 00:06:54,000 Speaker 2: go into which ones, but the biggest and the strongest, 114 00:06:54,040 --> 00:06:57,400 Speaker 2: and they said that was very impressive. They're all oppressed. 115 00:06:58,880 --> 00:07:01,640 Speaker 2: But today I'm delighted to welcome almost two dozen of 116 00:07:01,680 --> 00:07:05,680 Speaker 2: the biggest and most respected oil and gas executives in 117 00:07:05,720 --> 00:07:08,200 Speaker 2: the world to the White House in honor to be 118 00:07:08,240 --> 00:07:11,840 Speaker 2: with them. We have many others that were not able 119 00:07:11,840 --> 00:07:13,880 Speaker 2: to get in. I said, if we had a ballroom, 120 00:07:14,760 --> 00:07:18,360 Speaker 2: we'd have over a thousand people. Everybody wanted. I never 121 00:07:18,400 --> 00:07:20,640 Speaker 2: knew your industry was that big. I never knew that 122 00:07:20,720 --> 00:07:26,320 Speaker 2: many people in your industry. But here we are, and 123 00:07:26,360 --> 00:07:30,200 Speaker 2: if your fact, if you look, come to think of it, well, 124 00:07:31,640 --> 00:07:33,680 Speaker 2: I got to look at this myself. 125 00:07:39,720 --> 00:07:43,240 Speaker 6: Wow, what of you? 126 00:07:43,840 --> 00:07:45,280 Speaker 2: This is the door to the ballroom. 127 00:07:49,800 --> 00:07:50,240 Speaker 8: What did you? 128 00:07:52,320 --> 00:07:53,520 Speaker 2: Unusual time to look? 129 00:07:54,440 --> 00:07:55,880 Speaker 6: But I figured we might as well do it. 130 00:07:56,280 --> 00:07:57,960 Speaker 2: If the fake news would like to go back and 131 00:07:58,000 --> 00:07:59,680 Speaker 2: take a look, you can, but just see a very 132 00:07:59,680 --> 00:08:02,960 Speaker 2: big foundation that's moving. We're a head of schedule in 133 00:08:03,000 --> 00:08:05,960 Speaker 2: the ballroom and under budget. It's going to be I 134 00:08:06,000 --> 00:08:08,440 Speaker 2: don't think there'll be anything like it in the world. Actually, 135 00:08:08,480 --> 00:08:11,200 Speaker 2: I think it'll be. The best we want from this is, 136 00:08:11,200 --> 00:08:13,760 Speaker 2: as you know, our biggest room, which would seat one 137 00:08:13,840 --> 00:08:17,560 Speaker 2: hundred for dinner. Maybe maybe you're lucky if you're nice 138 00:08:17,560 --> 00:08:21,720 Speaker 2: and tight, and the ballroom will seat many, and it'll 139 00:08:21,720 --> 00:08:25,680 Speaker 2: also take care of the inauguration with bulletproof glass, drone 140 00:08:25,720 --> 00:08:28,680 Speaker 2: proof ceilings, and everything else unfortunately that today you need. 141 00:08:30,600 --> 00:08:33,320 Speaker 2: So we're going to discuss how these great American companies 142 00:08:33,360 --> 00:08:38,000 Speaker 2: can help rapidly rebuild Venezuela as the lapidated oil industry 143 00:08:38,040 --> 00:08:42,360 Speaker 2: and bring millions of barrels of oil production to benefit 144 00:08:42,480 --> 00:08:45,680 Speaker 2: the United States, the people of Venezuela, and the entire world. 145 00:08:46,840 --> 00:08:52,840 Speaker 2: And yesterday the number is thirty million barrels. I can't 146 00:08:52,840 --> 00:08:57,040 Speaker 2: even is that a correct number. Thirty million barrels. You 147 00:08:57,120 --> 00:09:02,200 Speaker 2: hear that peter of oil given to us by Venezuela. 148 00:09:02,360 --> 00:09:05,240 Speaker 2: That's a lot of oil. It's about four billion dollars worth, 149 00:09:05,280 --> 00:09:07,920 Speaker 2: and it's on our way too. It's on its way 150 00:09:07,920 --> 00:09:11,480 Speaker 2: to the United States right now, and we want to 151 00:09:11,480 --> 00:09:15,400 Speaker 2: thank Venezuela for that, and we're working very well with them. 152 00:09:15,440 --> 00:09:18,880 Speaker 2: Obviously they wouldn't have been so generous, but they respect us. Again, 153 00:09:19,080 --> 00:09:22,560 Speaker 2: they didn't respect us at all before. So that's money 154 00:09:22,559 --> 00:09:24,559 Speaker 2: that goes to the United States. Some will go to 155 00:09:24,679 --> 00:09:28,440 Speaker 2: Venezuela and some will go to the oil companies, but 156 00:09:28,520 --> 00:09:32,560 Speaker 2: not that because that's already been extracted, so you're not 157 00:09:32,600 --> 00:09:36,160 Speaker 2: getting any of that. But when you start extracting, you'll 158 00:09:36,200 --> 00:09:41,960 Speaker 2: get But it's tremendous reserves, among the biggest in the world. 159 00:09:42,080 --> 00:09:44,040 Speaker 2: Some people say it is the biggest in the world. 160 00:09:45,040 --> 00:09:47,440 Speaker 2: And we're going to be working with Venezuela. We're going 161 00:09:47,480 --> 00:09:50,600 Speaker 2: to be making the decision as to which oil companies 162 00:09:50,640 --> 00:09:51,960 Speaker 2: are going to go in, that we're going to allow 163 00:09:52,000 --> 00:09:54,679 Speaker 2: to go in, going to cut a deal with the companies. 164 00:09:54,720 --> 00:09:58,959 Speaker 2: Will probably do that today or very shortly thereafter with 165 00:09:59,040 --> 00:10:03,640 Speaker 2: Chris and Doug, and we're dealing with the country, so 166 00:10:03,720 --> 00:10:08,080 Speaker 2: we're empowered to make that deal. And you have total safety, 167 00:10:08,320 --> 00:10:11,080 Speaker 2: total security. One of the reasons you couldn't go in 168 00:10:11,200 --> 00:10:12,199 Speaker 2: is you had no guarantees. 169 00:10:12,240 --> 00:10:12,679 Speaker 6: You had no. 170 00:10:12,679 --> 00:10:15,360 Speaker 2: Security, but now you have total security. It's a whole 171 00:10:15,360 --> 00:10:19,559 Speaker 2: different Venezuela and Venezuela is going to be very successful 172 00:10:20,320 --> 00:10:22,199 Speaker 2: and the people of the United States are going to 173 00:10:22,240 --> 00:10:26,800 Speaker 2: be big beneficiaries because we're going to be extracting you know, 174 00:10:27,400 --> 00:10:30,280 Speaker 2: numbers of in terms of oil like you know a 175 00:10:30,280 --> 00:10:35,400 Speaker 2: few people have ever seen. Actually, so you're dealing with 176 00:10:35,480 --> 00:10:37,719 Speaker 2: us directly. You're not dealing with Venezuela at all. We 177 00:10:37,760 --> 00:10:40,800 Speaker 2: don't want you to deal with Venezuela. Let me thank 178 00:10:41,120 --> 00:10:46,360 Speaker 2: Vice President jad Vans, who's doing a fantastic job. Secretary 179 00:10:46,360 --> 00:10:49,680 Speaker 2: of State Marco Rubio likewise a fantastic job. I have 180 00:10:49,880 --> 00:10:54,199 Speaker 2: good people. I like them better than my first group. 181 00:10:55,080 --> 00:10:57,280 Speaker 2: But we had a great despite that, we had a 182 00:10:57,320 --> 00:10:59,280 Speaker 2: great first term. We had some great people there too. 183 00:10:59,320 --> 00:11:03,360 Speaker 2: By the way, well, we had a great first term. 184 00:11:03,400 --> 00:11:05,640 Speaker 2: We're the greatest economy in the history of our country 185 00:11:05,640 --> 00:11:07,559 Speaker 2: in the first term. But this is blowing it away 186 00:11:08,400 --> 00:11:11,480 Speaker 2: and you haven't seen anything yet. Everyone's been shocked by 187 00:11:11,520 --> 00:11:16,120 Speaker 2: the numbers. Five point four percent GDP. And that's despite 188 00:11:16,160 --> 00:11:20,679 Speaker 2: the fact that we were badly hurt by the Democrat shutdown, 189 00:11:20,679 --> 00:11:22,280 Speaker 2: of which they'd like to see if they could shut 190 00:11:22,280 --> 00:11:27,680 Speaker 2: it down again. Secretary of the Interior Doug Bergham's fantastic 191 00:11:27,960 --> 00:11:32,560 Speaker 2: Secretary of Energy Chris Right, recommended by Doug as being 192 00:11:32,559 --> 00:11:35,120 Speaker 2: the greatest oil man anywhere in the world, because I 193 00:11:35,160 --> 00:11:39,720 Speaker 2: wanted Doug for that job energy, and Doug said, no, sir, 194 00:11:39,800 --> 00:11:41,720 Speaker 2: it is a man named Chris Right. I said, who 195 00:11:41,760 --> 00:11:44,760 Speaker 2: the hell is Chris Right? He said, he's the most. 196 00:11:44,559 --> 00:11:46,600 Speaker 6: Talented oil man anywhere in the world. 197 00:11:47,440 --> 00:11:50,360 Speaker 2: I doubt you can get him because typically oil men 198 00:11:50,400 --> 00:11:53,520 Speaker 2: make a lot of money, and women they make a 199 00:11:53,600 --> 00:11:56,120 Speaker 2: lot of money. But Chris came, you took one of 200 00:11:56,120 --> 00:11:58,280 Speaker 2: the greatest salary cuts, probably in history. 201 00:12:00,160 --> 00:12:01,480 Speaker 6: A fantastic person. 202 00:12:01,559 --> 00:12:04,480 Speaker 2: Loves our country, and many other important members of this team, 203 00:12:05,240 --> 00:12:07,040 Speaker 2: and I want to thank them for their efforts. As 204 00:12:07,040 --> 00:12:09,880 Speaker 2: you know, last week, the United States Armed Forces performed 205 00:12:09,920 --> 00:12:14,320 Speaker 2: one of the most spectacular military operations in American history, 206 00:12:15,280 --> 00:12:20,520 Speaker 2: apprehending the outlaw dictator Nicholas Maduro for his crimes against 207 00:12:20,559 --> 00:12:24,199 Speaker 2: the United States, crimes for which he has now been 208 00:12:24,240 --> 00:12:30,320 Speaker 2: indicted as in federal court awaiting trial. And he killed 209 00:12:30,320 --> 00:12:36,680 Speaker 2: many people, millions of people actually, and allowed jails, prisons, 210 00:12:36,720 --> 00:12:41,839 Speaker 2: mental institutions, insane asylums, drug dealers, drug addicts to pour 211 00:12:41,920 --> 00:12:45,959 Speaker 2: into our country totally unchecked because of Sleepy Joe Biden's 212 00:12:46,080 --> 00:12:48,920 Speaker 2: policy of open borders, the stupidest thing I've ever seen. 213 00:12:48,960 --> 00:12:49,960 Speaker 6: With getting them all out. 214 00:12:51,520 --> 00:12:56,559 Speaker 2: The departure of Maduro makes it possible an incredible future 215 00:12:56,600 --> 00:13:01,000 Speaker 2: for both nations, Venezuela and the United States, in which 216 00:13:01,120 --> 00:13:06,040 Speaker 2: we will more closely integrate the economies of two major 217 00:13:06,240 --> 00:13:10,079 Speaker 2: energy powers in the Western Hemisphere. Energy coming out of 218 00:13:10,160 --> 00:13:12,640 Speaker 2: Venezuela was very small. One of the things the United 219 00:13:12,640 --> 00:13:15,880 Speaker 2: States gets out of this will be even lower energy prices. 220 00:13:15,920 --> 00:13:20,439 Speaker 2: We have people now getting gasoline for dollar ninety nine, 221 00:13:20,520 --> 00:13:23,760 Speaker 2: a dollar ninety six, a dollar ninety five, dollar ninety 222 00:13:23,800 --> 00:13:27,199 Speaker 2: two yesterday somebody, and it used to be three and 223 00:13:27,200 --> 00:13:31,160 Speaker 2: a half four dollars five dollars a gallon, thinking that 224 00:13:31,240 --> 00:13:36,079 Speaker 2: a dollar ninety nine decades ago, the United States built 225 00:13:36,160 --> 00:13:41,360 Speaker 2: Venezuela's oil industry at tremendous expense with American skill, technology, 226 00:13:41,480 --> 00:13:45,920 Speaker 2: know how, and dollars. But those assets were stolen from us, 227 00:13:47,040 --> 00:13:50,800 Speaker 2: and we had presidents said nothing about it. This president 228 00:13:50,880 --> 00:13:53,480 Speaker 2: is much different than your other presidents. They did nothing 229 00:13:53,520 --> 00:13:56,400 Speaker 2: about it. They stolen some of the people in this room. 230 00:13:56,720 --> 00:13:59,200 Speaker 2: Were a little bit younger when that happened, but not 231 00:13:59,280 --> 00:14:04,319 Speaker 2: that much younger. It wasn't that long ago. But they 232 00:14:04,360 --> 00:14:07,840 Speaker 2: stole our assets like we were babies, and the United 233 00:14:07,840 --> 00:14:10,640 Speaker 2: States said absolutely nothing about it. So now we're doing 234 00:14:10,679 --> 00:14:14,920 Speaker 2: everything about it. Now we're doing five hundred percent about it. 235 00:14:15,000 --> 00:14:18,320 Speaker 2: But it's a long time after the Act took place. 236 00:14:18,960 --> 00:14:21,880 Speaker 2: So they stole from us, and it was taken by 237 00:14:21,920 --> 00:14:25,640 Speaker 2: socialists and communists at the time, and Venezuela was going bad, 238 00:14:25,840 --> 00:14:29,080 Speaker 2: really bad, and as much oil as they have, they're 239 00:14:29,240 --> 00:14:32,280 Speaker 2: producing almost nothing, almost nothing. 240 00:14:32,920 --> 00:14:34,120 Speaker 6: Which is just a system. 241 00:14:35,000 --> 00:14:37,600 Speaker 2: So we're really if you look at it, we're taking 242 00:14:37,720 --> 00:14:41,960 Speaker 2: back what was taken from us. They took our oil. 243 00:14:42,360 --> 00:14:45,840 Speaker 2: We built that entire oil industry started a long time ago, 244 00:14:45,960 --> 00:14:50,960 Speaker 2: but they took it and they were very ungracious to 245 00:14:51,040 --> 00:14:54,960 Speaker 2: this country. But now they're being very nice. American companies 246 00:14:55,000 --> 00:14:59,920 Speaker 2: will have the opportunity to rebuild Venezuela's rotting energy infrat 247 00:15:00,000 --> 00:15:04,320 Speaker 2: structure and eventually increase oil production to levels never ever 248 00:15:04,360 --> 00:15:09,280 Speaker 2: seen before. When you add Venezuela in the United States together, 249 00:15:09,320 --> 00:15:12,360 Speaker 2: we have fifty five percent of the oil in the world. 250 00:15:13,160 --> 00:15:16,880 Speaker 2: The United States is number one. We have them drilling. Drill, 251 00:15:16,960 --> 00:15:20,960 Speaker 2: baby drill was my campaign and Doug and Chris I 252 00:15:20,960 --> 00:15:24,720 Speaker 2: think we're setting records on drilling right now and taking 253 00:15:24,800 --> 00:15:28,840 Speaker 2: oil without Venezuela. That's how we're getting the oil prices down. 254 00:15:30,040 --> 00:15:33,960 Speaker 2: The plan is for them to spend, meaning our giant 255 00:15:34,000 --> 00:15:37,440 Speaker 2: oil companies will be spending at least one hundred billion 256 00:15:37,480 --> 00:15:38,680 Speaker 2: dollars of their money. 257 00:15:38,440 --> 00:15:39,560 Speaker 6: Not the government's money. 258 00:15:39,600 --> 00:15:43,880 Speaker 2: They don't need government money, but they need government protection 259 00:15:44,040 --> 00:15:47,040 Speaker 2: and the need government's security that when they spend all 260 00:15:47,080 --> 00:15:49,520 Speaker 2: this money, it's going to be there, so they get 261 00:15:49,520 --> 00:15:52,200 Speaker 2: their money back and make a very nice return. The 262 00:15:52,240 --> 00:15:55,160 Speaker 2: plan is for them to spend at least one hundred 263 00:15:55,160 --> 00:16:00,720 Speaker 2: billion dollars to rebuild the capacity and the infrastructure necessary. 264 00:16:01,560 --> 00:16:05,040 Speaker 2: Venezuela has also agreed that the United States will immediately 265 00:16:05,080 --> 00:16:09,720 Speaker 2: begin refining and selling up to fifty million barrels of 266 00:16:09,800 --> 00:16:14,280 Speaker 2: Venezuela and crude oil, which will continue indefinitely. 267 00:16:14,360 --> 00:16:15,480 Speaker 6: We're all set to do it. 268 00:16:16,120 --> 00:16:19,200 Speaker 2: We have the refining capacity was actually based very much 269 00:16:19,240 --> 00:16:23,160 Speaker 2: on the Venezuelan oil, which is a heavy oil, very 270 00:16:23,240 --> 00:16:28,120 Speaker 2: good oil, great oil. It's fantastic for certain things like 271 00:16:28,200 --> 00:16:31,640 Speaker 2: asphalt roads. The best there is in the world. For asphalt, 272 00:16:31,720 --> 00:16:35,360 Speaker 2: roads and other things. All of the companies here today 273 00:16:35,400 --> 00:16:38,680 Speaker 2: are going to be treasured partners in bringing the nation 274 00:16:38,800 --> 00:16:43,080 Speaker 2: of Venezuela back to life, restoring its economy, and generating 275 00:16:43,120 --> 00:16:47,440 Speaker 2: great wealth for their companies and for their people, and 276 00:16:47,920 --> 00:16:53,000 Speaker 2: also great wealth for the American people, and tremendous wealth 277 00:16:53,000 --> 00:16:55,160 Speaker 2: for the companies that are going in the companies that 278 00:16:55,200 --> 00:16:57,280 Speaker 2: are going in. And if you don't want to go in, 279 00:16:57,400 --> 00:17:01,240 Speaker 2: just let me know, because I got twenty five people 280 00:17:01,280 --> 00:17:03,880 Speaker 2: that aren't here today that are willing to take your place. 281 00:17:05,119 --> 00:17:08,600 Speaker 2: So I just want to thank These are people that 282 00:17:08,680 --> 00:17:11,240 Speaker 2: I either know or I know of by reading lots 283 00:17:11,280 --> 00:17:15,440 Speaker 2: of business magazines and journals and papers. These are the 284 00:17:15,480 --> 00:17:19,480 Speaker 2: greatest oil people anywhere in the world. Harold Ham, I 285 00:17:19,520 --> 00:17:21,760 Speaker 2: see is here, Harold. You know there's a story about 286 00:17:21,760 --> 00:17:24,879 Speaker 2: Harold Ham that he can look at a piece of land, 287 00:17:25,080 --> 00:17:28,000 Speaker 2: put a straw into the land and oil pours out. 288 00:17:28,400 --> 00:17:31,080 Speaker 2: Set true about you, Whereas some of you guys have 289 00:17:31,160 --> 00:17:34,720 Speaker 2: to invest hundreds of millions of dollars to find that oil. 290 00:17:34,720 --> 00:17:36,840 Speaker 2: So we can't let that story be true. But they 291 00:17:36,840 --> 00:17:40,080 Speaker 2: say Harold puts a straw into the land and oil 292 00:17:40,200 --> 00:17:42,879 Speaker 2: comes gushing out. So You're not a big R and 293 00:17:42,960 --> 00:17:43,880 Speaker 2: D person. 294 00:17:43,680 --> 00:17:44,800 Speaker 6: Are you. Huh. 295 00:17:44,920 --> 00:17:49,960 Speaker 2: He's called instinct for oil. Now he's got other problems, 296 00:17:50,000 --> 00:17:52,919 Speaker 2: but we won't talk about those problems. But he's been 297 00:17:52,960 --> 00:17:55,480 Speaker 2: a great supporter of mine for a long time, haven't you, Harold. 298 00:17:55,520 --> 00:17:58,800 Speaker 2: So congratulations, But we have, and I think Harold would agree, 299 00:17:58,840 --> 00:18:02,560 Speaker 2: we have the greatest oil men and women anywhere in 300 00:18:02,560 --> 00:18:05,320 Speaker 2: the world sitting in this room right now. Then we 301 00:18:05,400 --> 00:18:07,119 Speaker 2: have a lot of people that will be back to 302 00:18:07,160 --> 00:18:09,879 Speaker 2: see us sometime next week. We're going to have another 303 00:18:09,920 --> 00:18:13,439 Speaker 2: meeting for another group, but we're going to do this 304 00:18:13,560 --> 00:18:16,600 Speaker 2: very quickly. We can have this done almost immediately. So 305 00:18:16,640 --> 00:18:19,040 Speaker 2: I'd like to thank you all for being here. I'd 306 00:18:19,040 --> 00:18:23,359 Speaker 2: like to invite Vice President Advance to say a few words, 307 00:18:23,400 --> 00:18:27,520 Speaker 2: followed by Secretary's Rubio Bergerman Wright, and then we'll have 308 00:18:27,560 --> 00:18:31,400 Speaker 2: a few words from representatives that are here to discuss 309 00:18:31,520 --> 00:18:35,560 Speaker 2: their ideas. A couple of them. We have a Chevron 310 00:18:35,760 --> 00:18:38,520 Speaker 2: which has been where Chevron, where are you? 311 00:18:40,600 --> 00:18:40,679 Speaker 9: No? 312 00:18:40,920 --> 00:18:42,959 Speaker 2: I thought you'd have a better location. You were the 313 00:18:42,960 --> 00:18:45,600 Speaker 2: only one that was there for all that I used 314 00:18:45,600 --> 00:18:48,399 Speaker 2: to call you and say what the hell is going on? 315 00:18:48,480 --> 00:18:50,840 Speaker 2: With them? As well? He stuck it out I don't 316 00:18:50,880 --> 00:18:52,720 Speaker 2: know if you made money or not, but you stuck 317 00:18:52,760 --> 00:18:53,960 Speaker 2: it out. They've got to give you a lot of 318 00:18:53,960 --> 00:18:57,640 Speaker 2: credit for that. Mark Nelson, thank you very much. Excellon 319 00:18:58,080 --> 00:19:02,439 Speaker 2: CEO Darren Woods, thank you very much. How's EXUN doing? Okay, 320 00:19:03,240 --> 00:19:06,639 Speaker 2: they'll do a lot better now, won't they. Ex Soun's 321 00:19:06,680 --> 00:19:10,800 Speaker 2: been amazing. It's been an amazing company. And Connaco Phillips 322 00:19:10,840 --> 00:19:15,200 Speaker 2: CEO Ryan Lance, thank you very much. So you guys 323 00:19:15,200 --> 00:19:18,280 Speaker 2: could say something and then we'll take some questions from 324 00:19:18,280 --> 00:19:21,520 Speaker 2: the press, and if anybody else would like to speak, 325 00:19:21,520 --> 00:19:23,679 Speaker 2: we'll have you speak. We have all the time in 326 00:19:23,720 --> 00:19:27,399 Speaker 2: the world. This is a big subject. This is massive wealth, 327 00:19:28,080 --> 00:19:31,560 Speaker 2: and more importantly than massive wealth, it leads to lower 328 00:19:31,640 --> 00:19:36,000 Speaker 2: taxes and a lot of jobs for Americans and for Venezuelans, 329 00:19:36,000 --> 00:19:40,000 Speaker 2: but for Americans in this case. And I just again 330 00:19:40,160 --> 00:19:42,640 Speaker 2: appreciate your all being here. And I'd like to ask 331 00:19:42,720 --> 00:19:43,880 Speaker 2: JD to say a few words. 332 00:19:43,920 --> 00:19:46,480 Speaker 10: Please, thank you, oh, thank you, mister President, thanks to 333 00:19:46,480 --> 00:19:49,800 Speaker 10: everybody for being here. You know, as a Marine Corps 334 00:19:49,840 --> 00:19:52,720 Speaker 10: veteran for my entire lifetime, presidents and let's be honest, 335 00:19:52,720 --> 00:19:56,920 Speaker 10: they were Democrats and Republicans would send the American military. 336 00:19:56,440 --> 00:19:57,560 Speaker 3: To far off places. 337 00:19:57,800 --> 00:20:00,119 Speaker 10: They would get us involved in these endless quagmires, they 338 00:20:00,119 --> 00:20:03,040 Speaker 10: would lose hundreds or thousands of American lives, and the 339 00:20:03,080 --> 00:20:06,560 Speaker 10: American people would get nothing out of these misadventures. And 340 00:20:06,640 --> 00:20:09,560 Speaker 10: now you have an American president who is empowered the American. 341 00:20:09,200 --> 00:20:12,160 Speaker 3: Military to stop the flow of drugs. 342 00:20:11,800 --> 00:20:15,159 Speaker 10: Into our country and to ensure that we, as opposed 343 00:20:15,160 --> 00:20:18,200 Speaker 10: to our adversaries, control one of the great energy reserves 344 00:20:18,240 --> 00:20:21,160 Speaker 10: that exist anywhere in the entire world. And he did 345 00:20:21,160 --> 00:20:24,520 Speaker 10: it without losing a single American life in the process. 346 00:20:24,560 --> 00:20:25,840 Speaker 3: It was an amazing operation. 347 00:20:26,240 --> 00:20:28,399 Speaker 10: It's going to make our country richer, it's going to 348 00:20:28,400 --> 00:20:30,639 Speaker 10: make our country more powerful, it's going to make our 349 00:20:30,680 --> 00:20:33,400 Speaker 10: country safer, and it's going to lead to the decline, 350 00:20:33,520 --> 00:20:36,800 Speaker 10: the further decline of drug overdose tests in the United 351 00:20:36,840 --> 00:20:37,640 Speaker 10: States of America. 352 00:20:37,920 --> 00:20:39,399 Speaker 3: An amazing thing, and I'm. 353 00:20:39,240 --> 00:20:41,080 Speaker 10: Happy to be here to talk about how we can 354 00:20:41,119 --> 00:20:43,040 Speaker 10: make it an even bigger and better operation for the 355 00:20:43,040 --> 00:20:43,680 Speaker 10: American people. 356 00:20:43,720 --> 00:20:45,359 Speaker 2: Thank you, sir, Thank you very much. 357 00:20:45,760 --> 00:20:48,119 Speaker 8: Marco, thank you, mister President. 358 00:20:48,119 --> 00:20:49,959 Speaker 11: And I think this is a reminder that everything this 359 00:20:50,000 --> 00:20:52,359 Speaker 11: president does, ivery think President Trump does is with the. 360 00:20:52,359 --> 00:20:54,640 Speaker 8: American people in mind. It was not in the national 361 00:20:54,640 --> 00:20:56,280 Speaker 8: interest or national. 362 00:20:55,960 --> 00:20:58,520 Speaker 11: Security of the United States and of our people to 363 00:20:58,600 --> 00:21:01,679 Speaker 11: have in our own hemisphere a country not just with 364 00:21:01,760 --> 00:21:05,720 Speaker 11: vast energy reserves, but controlled by an indicted narco trafficker 365 00:21:06,040 --> 00:21:10,600 Speaker 11: who flooded our country with illegal immigration, including drug gang members. 366 00:21:10,880 --> 00:21:14,280 Speaker 11: Flooded are openly cooperated with drug gangs, and by the way, 367 00:21:14,320 --> 00:21:17,679 Speaker 11: opened stole the wealth of that country to fund a 368 00:21:17,840 --> 00:21:20,960 Speaker 11: repressive regime and ulti benefit adversaries such as Iran. 369 00:21:21,200 --> 00:21:24,719 Speaker 8: All of that is now changing part of this process. 370 00:21:25,119 --> 00:21:26,919 Speaker 11: The first phase, of course, is the phase we're in now, 371 00:21:26,960 --> 00:21:28,960 Speaker 11: which is a stabilization phase. We did not want to 372 00:21:28,960 --> 00:21:32,280 Speaker 11: see destabilization in the country. We're working very cooperatively with 373 00:21:32,359 --> 00:21:35,119 Speaker 11: the intram authorities there to provide a market for the 374 00:21:35,160 --> 00:21:36,040 Speaker 11: sale of the. 375 00:21:35,920 --> 00:21:38,359 Speaker 8: Wealth of Venezuela in such a way. 376 00:21:38,200 --> 00:21:40,320 Speaker 11: That benefits the people both of the United States but 377 00:21:40,359 --> 00:21:43,200 Speaker 11: also the people of Venezuela. And as a reminder to everyone, 378 00:21:43,240 --> 00:21:46,080 Speaker 11: the President announced this just two days ago. Every penny 379 00:21:46,320 --> 00:21:48,199 Speaker 11: everything they buy with the money that they're making from 380 00:21:48,240 --> 00:21:49,840 Speaker 11: the oil now, mister President. 381 00:21:49,560 --> 00:21:50,920 Speaker 8: Will be bought from America. 382 00:21:51,240 --> 00:21:54,400 Speaker 11: And that includes everything from equipment for the oil industry 383 00:21:54,440 --> 00:21:57,160 Speaker 11: to food, to medicine and everything in between. The second 384 00:21:57,240 --> 00:21:59,119 Speaker 11: will be a phase of recovery, and then some of 385 00:21:59,160 --> 00:22:01,000 Speaker 11: these phases will inter and that is to have a 386 00:22:01,000 --> 00:22:03,360 Speaker 11: normal economy again, where the money goes to the benefit 387 00:22:03,400 --> 00:22:06,840 Speaker 11: of people, not the benefit of our adversaries or the 388 00:22:06,840 --> 00:22:10,520 Speaker 11: benefit of elements in that country and around the world 389 00:22:10,560 --> 00:22:12,720 Speaker 11: that are against our interests. At the same time as 390 00:22:12,720 --> 00:22:15,960 Speaker 11: the process of reconciliation has to happen internally among the 391 00:22:16,000 --> 00:22:19,240 Speaker 11: different sectors of society and politics and the like. And finally, 392 00:22:19,280 --> 00:22:21,560 Speaker 11: the third phase, which is the most important of the three, 393 00:22:21,600 --> 00:22:24,639 Speaker 11: is when the country fully transitions into a normal country 394 00:22:24,640 --> 00:22:28,040 Speaker 11: that we have strong economic and diplomatic and relations with, 395 00:22:28,760 --> 00:22:31,000 Speaker 11: that is friendly towards the United States, that's not a 396 00:22:31,000 --> 00:22:33,800 Speaker 11: foothold for our adversaries, that serves our interests, but also 397 00:22:33,840 --> 00:22:35,560 Speaker 11: the interests of the people. It'll be a country that 398 00:22:35,640 --> 00:22:38,280 Speaker 11: is wealthy, a country that is prosperous for the people, 399 00:22:38,560 --> 00:22:41,600 Speaker 11: not for a handful of the criminals, but alto a 400 00:22:41,640 --> 00:22:44,280 Speaker 11: country that is supportive of our interests in the region 401 00:22:44,520 --> 00:22:46,960 Speaker 11: and throughout the world. And we thank you, mister President, 402 00:22:47,000 --> 00:22:49,280 Speaker 11: and the team you've assembled that brought us to this point. 403 00:22:49,320 --> 00:22:52,520 Speaker 11: A lot of work remains important work, but this is historic. 404 00:22:53,280 --> 00:22:54,840 Speaker 6: Okay, thank you very much. 405 00:22:55,040 --> 00:22:59,720 Speaker 12: Doug Well, mister President, I want to thank you for 406 00:22:59,800 --> 00:23:03,879 Speaker 12: your leadership, not just as president but as commander in chief. 407 00:23:04,359 --> 00:23:09,040 Speaker 12: The boldness, the execution, the breaththinking, we precise work that 408 00:23:09,040 --> 00:23:11,479 Speaker 12: you've delivered both in Iran back in June and here 409 00:23:11,640 --> 00:23:15,399 Speaker 12: has changed the field for the whole world. And you 410 00:23:15,440 --> 00:23:18,440 Speaker 12: always ran about the idea of peace and prosperity. And 411 00:23:18,840 --> 00:23:21,679 Speaker 12: in Venezuela, as you know, this is a playground for 412 00:23:21,720 --> 00:23:25,720 Speaker 12: every bad actor in the world. We had Russians, Iran 413 00:23:26,000 --> 00:23:29,600 Speaker 12: terror groups, all of them profiting from this criminal organization 414 00:23:29,680 --> 00:23:31,400 Speaker 12: that was pretending to run the country. 415 00:23:32,240 --> 00:23:33,639 Speaker 2: That makes America safer. 416 00:23:34,000 --> 00:23:36,440 Speaker 12: You've secured the border, We're stopping the flow of drugs, 417 00:23:36,480 --> 00:23:38,439 Speaker 12: and now with the normalization. 418 00:23:37,880 --> 00:23:40,360 Speaker 6: Of relationships on an economic basis. 419 00:23:40,119 --> 00:23:43,679 Speaker 12: It's going to mean tremendously for the prosperity of the 420 00:23:43,680 --> 00:23:47,840 Speaker 12: American people. So I just want to say again congratulations 421 00:23:47,880 --> 00:23:50,639 Speaker 12: to you and to the entire leadership team. It's been 422 00:23:50,680 --> 00:23:54,000 Speaker 12: an amazing historic week on the scale of things that 423 00:23:54,040 --> 00:23:56,520 Speaker 12: we haven't seen perhaps for one hundred and twenty five years, 424 00:23:56,560 --> 00:23:59,879 Speaker 12: in terms of the US exerting its influence over Lat 425 00:24:00,040 --> 00:24:02,280 Speaker 12: America in a way that's going to make a change 426 00:24:02,280 --> 00:24:05,480 Speaker 12: for generations and on behalf of all the oil executives 427 00:24:05,480 --> 00:24:07,920 Speaker 12: that are here today. Chris and I want to say 428 00:24:07,920 --> 00:24:08,320 Speaker 12: thank you. 429 00:24:08,280 --> 00:24:08,760 Speaker 2: To all of you. 430 00:24:09,440 --> 00:24:13,320 Speaker 12: It's your technology, your innovation that has put America in 431 00:24:13,320 --> 00:24:15,800 Speaker 12: the place where today we are the most energy dominant 432 00:24:15,800 --> 00:24:19,439 Speaker 12: country in the world. And that position is what's allowed 433 00:24:19,520 --> 00:24:23,000 Speaker 12: us to take the action that we're taking with state craft, 434 00:24:23,000 --> 00:24:25,520 Speaker 12: with military action. None of that would happen if we 435 00:24:25,520 --> 00:24:28,199 Speaker 12: were dependent on everybody else for energy. So you're a 436 00:24:28,200 --> 00:24:30,560 Speaker 12: big part of the reason that we're able to move 437 00:24:30,600 --> 00:24:32,240 Speaker 12: the way we are today, and we're grateful that you're 438 00:24:32,240 --> 00:24:34,560 Speaker 12: here to be to be part of the solution going forward. 439 00:24:35,640 --> 00:24:38,000 Speaker 2: Thank you, Doug, and you are doing a fantastic job 440 00:24:38,040 --> 00:24:45,760 Speaker 2: and we appreciate it. Everybody appreciates they know who's doing well. Chris, right, thank. 441 00:24:45,600 --> 00:24:46,480 Speaker 8: You, mister President. 442 00:24:47,000 --> 00:24:50,040 Speaker 9: Yeah, what we've seen in the last week is leadership 443 00:24:50,119 --> 00:24:54,919 Speaker 9: matters and credibility matters. Venezuela and oil has been sanctioned 444 00:24:55,000 --> 00:24:58,520 Speaker 9: for many years, and the oil just flew. You know, 445 00:24:58,640 --> 00:25:02,320 Speaker 9: with those sanctions, were not that oil just floated out 446 00:25:02,400 --> 00:25:06,840 Speaker 9: to trafficked by bad actors of the world. That resources 447 00:25:06,880 --> 00:25:10,560 Speaker 9: weren't gone to a central place the corruption and decline 448 00:25:10,600 --> 00:25:14,119 Speaker 9: of Venezuela has been a crisis for the people of Venezuela, 449 00:25:14,200 --> 00:25:18,000 Speaker 9: and as Secretary Rubio said, massive spillover effects in the 450 00:25:18,119 --> 00:25:22,760 Speaker 9: United States in crime and drugs and kidnappings, and in 451 00:25:22,840 --> 00:25:26,760 Speaker 9: taking a huge resource base and making it not exploited, 452 00:25:26,880 --> 00:25:30,600 Speaker 9: not developed. The whole world is a poorer, less opportunity 453 00:25:30,680 --> 00:25:34,600 Speaker 9: rich place because of that. When you have materials underground, 454 00:25:34,640 --> 00:25:37,080 Speaker 9: may have been underground for a million years, that does 455 00:25:37,119 --> 00:25:39,600 Speaker 9: not make them a resource, That does not make them 456 00:25:39,720 --> 00:25:42,880 Speaker 9: valuable for your country, your people, or the world. They 457 00:25:42,920 --> 00:25:47,240 Speaker 9: only become a resource with technology, with capital, with rule 458 00:25:47,280 --> 00:25:50,480 Speaker 9: of law, and a system of governance that encourages the 459 00:25:50,520 --> 00:25:53,399 Speaker 9: harvesting of those resources to make the better world. And 460 00:25:53,480 --> 00:25:56,840 Speaker 9: we see here the dramatic contrast between the United States, 461 00:25:57,040 --> 00:26:00,399 Speaker 9: which may have less oil underground than Venezuela. We have 462 00:26:00,480 --> 00:26:04,959 Speaker 9: twenty times the production of Venezuela, twenty times the impact 463 00:26:05,040 --> 00:26:08,280 Speaker 9: of human betterment, massively better quality of living here in 464 00:26:08,280 --> 00:26:11,640 Speaker 9: the United States that was at risk under the last administration. 465 00:26:11,680 --> 00:26:14,080 Speaker 9: We've seen a lot of attacks on the energy that 466 00:26:14,119 --> 00:26:17,640 Speaker 9: makes the world go round. President Trump's election has removed 467 00:26:17,680 --> 00:26:21,919 Speaker 9: those risks, has embraced reality about how the world is energized, 468 00:26:22,200 --> 00:26:24,679 Speaker 9: and we are record production of oil in the United States, 469 00:26:24,720 --> 00:26:27,480 Speaker 9: record production and natural gas in the United States. We've 470 00:26:27,480 --> 00:26:31,439 Speaker 9: seen a meaningful decline in gasoline prices, diesel prices, travel 471 00:26:31,480 --> 00:26:35,080 Speaker 9: prices because of jet fuel. And now President Trump is 472 00:26:35,119 --> 00:26:38,000 Speaker 9: taking the genius of a different way to try to 473 00:26:38,040 --> 00:26:42,520 Speaker 9: solve a twenty five year festering problem in Venezuela that 474 00:26:42,720 --> 00:26:46,640 Speaker 9: all the traditional things have not worked. But ordering both 475 00:26:46,680 --> 00:26:50,919 Speaker 9: the tremendous military operation to remove the heads of a 476 00:26:50,960 --> 00:26:55,120 Speaker 9: criminal organization masquerading as a government and then to use 477 00:26:55,160 --> 00:26:57,879 Speaker 9: the power of our military not to fire bullets, but 478 00:26:58,000 --> 00:27:01,119 Speaker 9: to stop the flow of Venezuela and oil to the world. 479 00:27:01,520 --> 00:27:06,280 Speaker 9: Immediately gave us leverage over the interim authorities in Venezuela 480 00:27:06,520 --> 00:27:09,000 Speaker 9: and has allowed us to be in this position today 481 00:27:09,359 --> 00:27:13,959 Speaker 9: where the actions of this government can massively improve Venezuela 482 00:27:14,040 --> 00:27:14,560 Speaker 9: for the better. 483 00:27:14,920 --> 00:27:16,280 Speaker 3: And the bigger. 484 00:27:15,960 --> 00:27:21,800 Speaker 9: Impact is to massively improve the quality of life, affordability, safety, 485 00:27:21,880 --> 00:27:25,399 Speaker 9: and security of the United States. Very proud to be here, 486 00:27:26,560 --> 00:27:32,280 Speaker 9: and I we'll turn it over to Mark Nelson, who's 487 00:27:32,320 --> 00:27:35,800 Speaker 9: the vice chairman of Chevron. Chevron has been in Venezuela 488 00:27:35,840 --> 00:27:41,520 Speaker 9: for over one hundred years continuously. Mike Worth, the CEO, 489 00:27:41,640 --> 00:27:44,320 Speaker 9: had a knee replacement recently, he's not here. Mark is 490 00:27:44,359 --> 00:27:47,600 Speaker 9: a tremendous leader in our industry, and I'll turn it 491 00:27:47,600 --> 00:27:49,320 Speaker 9: over to him. 492 00:27:49,720 --> 00:27:53,640 Speaker 13: Thank you, Secretary. Right again, I'll send Mike Worths regrets. 493 00:27:53,680 --> 00:27:58,440 Speaker 13: He really wanted to be here, mister President, on his behalf. 494 00:27:58,520 --> 00:28:02,880 Speaker 13: I have three very very quick thank you and an assurance. 495 00:28:02,480 --> 00:28:04,639 Speaker 3: I'd like to provide you all. 496 00:28:04,960 --> 00:28:07,560 Speaker 13: The first thank you, mister President, is to you. It's 497 00:28:07,800 --> 00:28:10,280 Speaker 13: thank you for convening this gathering. It's thank you for 498 00:28:10,359 --> 00:28:15,120 Speaker 13: your leadership, and thank you for continuing to keep American 499 00:28:15,240 --> 00:28:18,120 Speaker 13: energy domination in the forefront. 500 00:28:18,119 --> 00:28:20,479 Speaker 6: So thank you, thank you for that, Thank you very much. 501 00:28:20,680 --> 00:28:24,399 Speaker 13: The second thank you actually is to the cabinet, so 502 00:28:24,560 --> 00:28:30,480 Speaker 13: Secretary Rubio, Secretary Bergham, Secretary Wright. Your ability and commitment 503 00:28:30,520 --> 00:28:33,720 Speaker 13: to continue to engage with the parties around the table 504 00:28:34,160 --> 00:28:37,600 Speaker 13: to keep the world working is greatly appreciated, so thank you, 505 00:28:38,080 --> 00:28:40,680 Speaker 13: thank you for that. And the final thank you actually 506 00:28:40,720 --> 00:28:44,680 Speaker 13: would go to our Venezuelan employees of Chevron. 507 00:28:44,960 --> 00:28:46,440 Speaker 3: They've been working. 508 00:28:46,720 --> 00:28:51,719 Speaker 13: Tireusly to operate safely protect the environment in country and 509 00:28:51,800 --> 00:28:55,640 Speaker 13: their dedication and skill will help us in this next 510 00:28:56,120 --> 00:29:01,200 Speaker 13: chapter in final close with the assurance. For more than 511 00:29:01,240 --> 00:29:04,160 Speaker 13: a century, Chevron has been a part of Venezuela as past. 512 00:29:05,240 --> 00:29:09,479 Speaker 13: We are certainly committed to its present, and we very 513 00:29:09,600 --> 00:29:12,000 Speaker 13: much look forward as a proud America company to help. 514 00:29:11,840 --> 00:29:13,840 Speaker 3: It build a better future. 515 00:29:13,920 --> 00:29:16,240 Speaker 13: And so, mister President, thank you for your leadership. 516 00:29:16,560 --> 00:29:19,720 Speaker 2: And you really suffered there. You stuck it out. A 517 00:29:19,720 --> 00:29:21,880 Speaker 2: lot of people left, a lot of big companies left, 518 00:29:21,920 --> 00:29:24,280 Speaker 2: some of the people, many of the people sitting at 519 00:29:24,280 --> 00:29:28,160 Speaker 2: this table left because of the safety risk and other risks. 520 00:29:28,240 --> 00:29:30,600 Speaker 2: But really, you stuck it out. I give you credit 521 00:29:30,640 --> 00:29:35,120 Speaker 2: for that. Sometimes it was hard. I remember six months ago, 522 00:29:35,160 --> 00:29:37,760 Speaker 2: I told you to stay, just stay, things are going 523 00:29:37,840 --> 00:29:40,239 Speaker 2: to happen. You'll be very happy. I didn't know they 524 00:29:40,240 --> 00:29:44,320 Speaker 2: were going to happen this fast. To this conclusively, One 525 00:29:44,360 --> 00:29:46,600 Speaker 2: thing I think everyone has to know is that if 526 00:29:46,640 --> 00:29:49,080 Speaker 2: we didn't do this, China or Russia would have done it. 527 00:29:49,920 --> 00:29:53,160 Speaker 2: And if China or Russia were a next door neighbor, 528 00:29:53,240 --> 00:29:56,520 Speaker 2: because essentially this is not around the other parts of 529 00:29:56,520 --> 00:29:59,520 Speaker 2: the world so far away where you fly an aeroplane 530 00:29:59,560 --> 00:30:01,720 Speaker 2: for twenty five four hours before you get there. This 531 00:30:01,800 --> 00:30:04,440 Speaker 2: is sort of a next door neighbor. If you think 532 00:30:04,440 --> 00:30:09,400 Speaker 2: about it. And I told China and I told Russia, 533 00:30:10,480 --> 00:30:12,320 Speaker 2: we get along with you very well, we like you 534 00:30:12,440 --> 00:30:14,680 Speaker 2: very much. We don't want you there, not going to 535 00:30:14,720 --> 00:30:17,160 Speaker 2: be there. And if we didn't do this, China would 536 00:30:17,200 --> 00:30:18,800 Speaker 2: have been there and Russia would have been there. Maybe 537 00:30:18,800 --> 00:30:20,560 Speaker 2: they both would have been there together. But they're not 538 00:30:20,560 --> 00:30:23,640 Speaker 2: going to be there now. One thing I will tell them, 539 00:30:23,720 --> 00:30:27,160 Speaker 2: and I will tell you that we are open for business. 540 00:30:28,760 --> 00:30:31,280 Speaker 2: China can buy all the oil they want from us 541 00:30:31,960 --> 00:30:36,000 Speaker 2: there or in the United States. Russia can't get all 542 00:30:36,080 --> 00:30:39,560 Speaker 2: the oil they need from US, and they do like oil. 543 00:30:39,400 --> 00:30:40,840 Speaker 6: Even though they produce a lot of it. 544 00:30:41,560 --> 00:30:44,160 Speaker 2: But China and Russia and everybody else is able to go, 545 00:30:44,280 --> 00:30:48,240 Speaker 2: and we'll be open for business almost immediately. I have 546 00:30:48,320 --> 00:30:50,520 Speaker 2: a feeling the one hundred million dollars will be spent 547 00:30:51,240 --> 00:30:54,040 Speaker 2: very very one hundred billion will be spent very very 548 00:30:54,160 --> 00:30:57,040 Speaker 2: rapidly by these very big, powerful and rich companies. And 549 00:30:57,120 --> 00:30:59,200 Speaker 2: I think they're going to be able to build rebuild 550 00:30:59,200 --> 00:31:01,680 Speaker 2: the infrastructure. I hope it's going to be brand new 551 00:31:01,680 --> 00:31:05,000 Speaker 2: as opposed to rehab, because I know the tremendous difference 552 00:31:05,000 --> 00:31:06,760 Speaker 2: between the new and. 553 00:31:06,720 --> 00:31:08,360 Speaker 6: The not so new in your industry. 554 00:31:08,400 --> 00:31:13,320 Speaker 2: The new is much more beautiful, much better in every way. 555 00:31:13,080 --> 00:31:14,800 Speaker 6: And actually much smaller. 556 00:31:14,840 --> 00:31:17,640 Speaker 2: It's like everything else gets smaller and stronger. It's a 557 00:31:17,640 --> 00:31:20,640 Speaker 2: combination of smaller, better, and stronger. So I hope you're 558 00:31:20,640 --> 00:31:22,800 Speaker 2: gonna build all brand new stuff, rip out the old 559 00:31:22,840 --> 00:31:25,360 Speaker 2: crap that's been there for so many years, and do 560 00:31:25,400 --> 00:31:26,840 Speaker 2: it the right way. You're gonna be there a long 561 00:31:26,920 --> 00:31:28,720 Speaker 2: time if we make a deal. If we make a deal, 562 00:31:28,720 --> 00:31:30,560 Speaker 2: you're gonna be there a long time. If we don't 563 00:31:30,560 --> 00:31:31,920 Speaker 2: make a deal, you won't be there at all. 564 00:31:31,960 --> 00:31:33,880 Speaker 6: It's, you know, sort of interesting. 565 00:31:33,960 --> 00:31:39,120 Speaker 2: But again, China and Russia would have been there if 566 00:31:39,120 --> 00:31:41,760 Speaker 2: we didn't do this and the other thing people ask 567 00:31:41,800 --> 00:31:43,520 Speaker 2: about the second wave. I don't think it's going to 568 00:31:43,560 --> 00:31:46,240 Speaker 2: be necessary. We have an armada, a giant armadel like 569 00:31:46,440 --> 00:31:50,120 Speaker 2: nobody's ever seen in that part of the world, and 570 00:31:50,200 --> 00:31:54,640 Speaker 2: it's stationed off the coast, and we are getting along 571 00:31:54,640 --> 00:31:58,240 Speaker 2: so well with the people that are involved and representing 572 00:31:58,720 --> 00:32:02,280 Speaker 2: Venezuela that I don't think going to have any I 573 00:32:02,280 --> 00:32:04,560 Speaker 2: don't think it's going to be necessary to do the 574 00:32:04,600 --> 00:32:07,560 Speaker 2: second wave. We were planning on a second wave, but 575 00:32:07,680 --> 00:32:10,120 Speaker 2: the first wave was so powerful and so good and 576 00:32:10,200 --> 00:32:14,840 Speaker 2: so strong and frankly, the people in the country, they 577 00:32:14,880 --> 00:32:17,600 Speaker 2: really they did the right thing. They were smart, they 578 00:32:17,600 --> 00:32:19,240 Speaker 2: did the right thing. They didn't want to go through 579 00:32:19,240 --> 00:32:23,520 Speaker 2: a second wave. But we've got a tremendous number of 580 00:32:23,560 --> 00:32:27,120 Speaker 2: the most powerful ships in the world right there. I 581 00:32:27,120 --> 00:32:28,880 Speaker 2: don't think we're going to have to use that. I'm 582 00:32:28,920 --> 00:32:31,160 Speaker 2: happy to say that. I don't think we're going to 583 00:32:31,200 --> 00:32:34,600 Speaker 2: have to use that at all. If I could ask Chevron, 584 00:32:34,680 --> 00:32:36,600 Speaker 2: you did a great job. I want to thank you, 585 00:32:36,640 --> 00:32:38,960 Speaker 2: and Exon Mobile if you would say a few words, 586 00:32:38,960 --> 00:32:43,520 Speaker 2: and then followed by Konaco, great companies, massive companies, great companies, 587 00:32:44,160 --> 00:32:44,920 Speaker 2: Exxon Place. 588 00:32:45,320 --> 00:32:46,560 Speaker 8: Sure, thank you, mister President. 589 00:32:46,720 --> 00:32:49,920 Speaker 14: I appreciate the invitation and the opportunity, frankly for the 590 00:32:50,040 --> 00:32:54,680 Speaker 14: entire industry to show up and provide a perspective. Frankly, 591 00:32:54,720 --> 00:32:58,840 Speaker 14: we've been kind of unresponsive to the press regarding Venezuela. 592 00:32:58,920 --> 00:33:01,360 Speaker 14: I guess today's the opportunity to address the press directly 593 00:33:01,360 --> 00:33:03,080 Speaker 14: with perspect to a number of questions that have been 594 00:33:03,080 --> 00:33:06,560 Speaker 14: asked of Exomobile. First and foremost, obviously, is the interest 595 00:33:06,600 --> 00:33:09,080 Speaker 14: that we have in Venezuela. And I think the way 596 00:33:09,120 --> 00:33:10,920 Speaker 14: I would position that, I think one of the reasons 597 00:33:10,920 --> 00:33:13,120 Speaker 14: why we see many of the industry players here is 598 00:33:13,120 --> 00:33:15,400 Speaker 14: we're in a depletion business for a product that is 599 00:33:15,440 --> 00:33:18,040 Speaker 14: in great demand and we'll be in demand for many, many, 600 00:33:18,040 --> 00:33:19,160 Speaker 14: many decades to come. 601 00:33:19,640 --> 00:33:20,760 Speaker 2: And as a depletion. 602 00:33:20,520 --> 00:33:24,320 Speaker 14: Business, the biggest challenge we have is finding resources. There's 603 00:33:24,360 --> 00:33:25,760 Speaker 14: an opportunity in Venezuela. 604 00:33:25,800 --> 00:33:27,120 Speaker 2: With all the resources there is. 605 00:33:27,240 --> 00:33:29,320 Speaker 14: We don't have that challenge of finding we have the 606 00:33:29,440 --> 00:33:32,800 Speaker 14: challenge of developing those resources. So I think it's on 607 00:33:33,280 --> 00:33:37,080 Speaker 14: It's in the best interest of these companies in frankly 608 00:33:37,240 --> 00:33:40,840 Speaker 14: society as a whole, for the industry to be interested 609 00:33:40,880 --> 00:33:44,920 Speaker 14: in understanding what the opportunity here represents. I'm just sure 610 00:33:45,000 --> 00:33:47,440 Speaker 14: a philosophy that ex On Mobile has when we enter countries. 611 00:33:47,440 --> 00:33:49,520 Speaker 14: Because we do business all around the world in a 612 00:33:49,560 --> 00:33:53,560 Speaker 14: number of different regimes, we take a very long term perspective. 613 00:33:53,600 --> 00:33:57,479 Speaker 14: The investments that we make span decades and decades, so 614 00:33:57,520 --> 00:34:02,640 Speaker 14: we do not go into any opportunity with a short mindset, 615 00:34:02,680 --> 00:34:06,000 Speaker 14: short term mindset. There's a value proposition that we have 616 00:34:06,080 --> 00:34:10,160 Speaker 14: to meet. There has to be a win win win proposition. Obviously, 617 00:34:10,160 --> 00:34:11,799 Speaker 14: it has to be a win for the company and 618 00:34:11,840 --> 00:34:14,560 Speaker 14: our shareholders and the generator return for the investments that 619 00:34:14,600 --> 00:34:15,000 Speaker 14: we make. 620 00:34:15,560 --> 00:34:16,880 Speaker 8: Has to be a win for the government. 621 00:34:17,880 --> 00:34:21,160 Speaker 14: The resources are important source of revenue that help support 622 00:34:21,160 --> 00:34:23,759 Speaker 14: the people of the places that we do business, and 623 00:34:24,600 --> 00:34:26,200 Speaker 14: has to be a win for the people. We have 624 00:34:26,280 --> 00:34:28,240 Speaker 14: to be wanted there and to be a good neighbor, 625 00:34:28,280 --> 00:34:32,200 Speaker 14: and those three things ensure a stable long term platform 626 00:34:32,360 --> 00:34:35,760 Speaker 14: for the large investments that we make for the long term. 627 00:34:37,000 --> 00:34:40,239 Speaker 14: With respect to Venezuela in particular, we have a very 628 00:34:40,280 --> 00:34:43,279 Speaker 14: long history in Venezuela. In fact, we first got into 629 00:34:43,320 --> 00:34:45,960 Speaker 14: Venezuela back in nineteen nineteen forties. 630 00:34:46,719 --> 00:34:48,880 Speaker 2: We've had our assets seized. 631 00:34:48,440 --> 00:34:52,080 Speaker 14: There twice, and so you can imagine to re enter 632 00:34:52,160 --> 00:34:56,040 Speaker 14: a third time would require some pretty significant changes from 633 00:34:56,040 --> 00:34:58,920 Speaker 14: what we've historically seen here and what is currently the state. 634 00:34:59,239 --> 00:35:02,000 Speaker 14: If we look at the legal and commercial constructs and 635 00:35:02,080 --> 00:35:07,239 Speaker 14: frameworks from place today in Venezuela today, it's uninvestable and 636 00:35:07,320 --> 00:35:09,760 Speaker 14: so significant changes have to be made to those. 637 00:35:09,560 --> 00:35:12,200 Speaker 2: Commercial frameworks, the legal system. 638 00:35:12,520 --> 00:35:15,440 Speaker 14: There has to be durable investment protections, and there has 639 00:35:15,480 --> 00:35:19,040 Speaker 14: to be a change to the hydrocarbon laws in the country. 640 00:35:19,640 --> 00:35:23,280 Speaker 14: We're confident that with this administration and President Trump working 641 00:35:24,120 --> 00:35:27,200 Speaker 14: hand in hand with the Venezuelan government that those changes 642 00:35:27,320 --> 00:35:32,000 Speaker 14: can be put in place, and with respect to the 643 00:35:32,120 --> 00:35:35,560 Speaker 14: Venezuelan government, that perspective we don't. 644 00:35:35,360 --> 00:35:35,800 Speaker 8: Have a view on. 645 00:35:35,920 --> 00:35:39,440 Speaker 14: We haven't talked to the Venezuelan government, and obviously we 646 00:35:40,160 --> 00:35:43,360 Speaker 14: have yet to assess the people's perspective with respect to 647 00:35:43,480 --> 00:35:48,480 Speaker 14: x On Mobile entering the company country. In the short term, 648 00:35:48,640 --> 00:35:51,160 Speaker 14: there are things that can be done while these longer 649 00:35:51,239 --> 00:35:54,440 Speaker 14: term issues are being worked for us. We haven't been 650 00:35:54,440 --> 00:35:57,439 Speaker 14: in the country for almost twenty years. We think it's 651 00:35:57,840 --> 00:36:00,480 Speaker 14: absolutely critical in the short term that we get technical 652 00:36:00,520 --> 00:36:03,560 Speaker 14: team in place to assess the current state of the 653 00:36:03,560 --> 00:36:06,480 Speaker 14: industry and the assets, to understand what would be involved 654 00:36:06,840 --> 00:36:09,200 Speaker 14: to help the people of Venezuela get production back on 655 00:36:09,239 --> 00:36:12,960 Speaker 14: the market. With the invitation of the Venezuelan government and 656 00:36:13,000 --> 00:36:16,239 Speaker 14: with appropriate security guarantees, we are ready to put a 657 00:36:16,280 --> 00:36:20,200 Speaker 14: team on the ground there. We also have an integrated 658 00:36:20,239 --> 00:36:24,399 Speaker 14: set of capabilities from production to refining to trading, and 659 00:36:24,440 --> 00:36:27,000 Speaker 14: I think we can be of assistance to getting the 660 00:36:27,080 --> 00:36:30,120 Speaker 14: Venezuelan crew to market and realizing the market price to 661 00:36:30,200 --> 00:36:33,960 Speaker 14: help again with the financial situation in Venezuela. 662 00:36:34,480 --> 00:36:36,560 Speaker 6: So those are short term perspective that I have. 663 00:36:36,600 --> 00:36:39,480 Speaker 14: I'd say may be closed with a thank you as 664 00:36:39,560 --> 00:36:41,839 Speaker 14: President for the work that you've done to secure not 665 00:36:41,880 --> 00:36:44,360 Speaker 14: only the national security but the energy security of the region. 666 00:36:44,880 --> 00:36:45,800 Speaker 8: And then thank you. 667 00:36:45,680 --> 00:36:49,400 Speaker 14: Secretory Rubio, Secretary Right, Secretary Burgham for your leadership in 668 00:36:49,440 --> 00:36:49,879 Speaker 14: this matter. 669 00:36:50,000 --> 00:36:50,319 Speaker 8: Thank you. 670 00:36:51,520 --> 00:36:54,719 Speaker 2: How long would it take you, Darren as excellon to 671 00:36:55,800 --> 00:36:57,919 Speaker 2: if we make a deal, and if we make a deal, 672 00:36:58,239 --> 00:37:00,319 Speaker 2: how long would it take you to get in there 673 00:37:00,360 --> 00:37:01,120 Speaker 2: and get started? 674 00:37:02,000 --> 00:37:04,000 Speaker 8: Well, we the first step this technical team. 675 00:37:04,600 --> 00:37:07,359 Speaker 14: As I talked with Secretary Right earlier this week, we 676 00:37:07,440 --> 00:37:10,239 Speaker 14: started from the beginning to put the team together so 677 00:37:10,280 --> 00:37:12,799 Speaker 14: that if and when it was needed, we could hit 678 00:37:12,800 --> 00:37:15,319 Speaker 14: the ground almost lays so we can. We can hit 679 00:37:15,360 --> 00:37:18,320 Speaker 14: the ground and within the next couple of weeks start 680 00:37:18,320 --> 00:37:19,520 Speaker 14: the assessment. 681 00:37:19,000 --> 00:37:20,719 Speaker 2: And then from there we need to understand that's what 682 00:37:20,760 --> 00:37:23,560 Speaker 2: we want. We want speed and quality, that's what we 683 00:37:23,600 --> 00:37:27,400 Speaker 2: want to Thank you Darren and Konaco Ryan, thank. 684 00:37:27,200 --> 00:37:29,600 Speaker 4: You, mister President, appreciate the opportunity to be here too. 685 00:37:29,719 --> 00:37:33,120 Speaker 4: And you've assembled a great team and our congratulations as 686 00:37:33,160 --> 00:37:36,840 Speaker 4: well for removing one of the terrible people in the 687 00:37:36,840 --> 00:37:40,000 Speaker 4: world and bringing them to justices. Quite amazing. I think 688 00:37:40,000 --> 00:37:43,759 Speaker 4: you've given hope to the people of Venezuela again, which 689 00:37:43,760 --> 00:37:46,319 Speaker 4: I think is quite remarkable, and we've been on the 690 00:37:46,320 --> 00:37:50,520 Speaker 4: other end of that despot regime a long time. Our 691 00:37:50,560 --> 00:37:53,040 Speaker 4: assets were appropriated out a little bit more here when 692 00:37:53,040 --> 00:37:58,160 Speaker 4: that happened, and you know, I think we're the none 693 00:37:58,880 --> 00:38:03,600 Speaker 4: largest non AUGN credit holder in Venezuela today, so we're 694 00:38:03,719 --> 00:38:05,320 Speaker 4: at a bit different situation. 695 00:38:05,560 --> 00:38:06,800 Speaker 6: But I think your. 696 00:38:06,640 --> 00:38:11,000 Speaker 4: Big and bold idea to use energy commerce instead of 697 00:38:11,160 --> 00:38:15,480 Speaker 4: conflict is something that could make a real big difference 698 00:38:15,520 --> 00:38:18,959 Speaker 4: in Venezuela, and we stand our company certainly stands ready 699 00:38:19,000 --> 00:38:23,080 Speaker 4: to help in that endeavor. Encourage you to continue to 700 00:38:23,080 --> 00:38:26,239 Speaker 4: think bigger and even bolder, and we've had some discussions 701 00:38:26,239 --> 00:38:30,120 Speaker 4: with your energy team about that as well. As we 702 00:38:30,160 --> 00:38:31,759 Speaker 4: think about the other people that need to be in 703 00:38:31,760 --> 00:38:34,120 Speaker 4: this room and then this discussion, or the banks and 704 00:38:34,239 --> 00:38:37,279 Speaker 4: including probably the Exembank, as we think about how the 705 00:38:37,320 --> 00:38:41,280 Speaker 4: debt needs to be restructured in the financing to deliver 706 00:38:41,400 --> 00:38:44,520 Speaker 4: the billions of dollars that are required to restore their 707 00:38:44,640 --> 00:38:48,359 Speaker 4: energy infrastructure. And I think as we think that big 708 00:38:48,360 --> 00:38:50,960 Speaker 4: and bold, we need to be also thinking about even 709 00:38:51,040 --> 00:38:57,000 Speaker 4: restructuring the entire Venezuelan energy system, including Petavasa and I 710 00:38:57,000 --> 00:39:00,560 Speaker 4: think if we can do that and think bold. Uh, 711 00:39:00,600 --> 00:39:04,000 Speaker 4: there's an opportunity to be quick fast and restore the 712 00:39:04,080 --> 00:39:06,720 Speaker 4: quality of what's happened in Venezuela or what's been lost 713 00:39:06,719 --> 00:39:09,640 Speaker 4: in Venezuela over the course of the last twenty five years. 714 00:39:09,640 --> 00:39:11,160 Speaker 4: So thank you for this opportunity. 715 00:39:11,200 --> 00:39:13,000 Speaker 2: Well, thank you very much, and you'll get a lot 716 00:39:13,000 --> 00:39:14,600 Speaker 2: of your money back. We're going to start with an 717 00:39:14,600 --> 00:39:17,000 Speaker 2: even plate though. We're not going to look at what 718 00:39:17,040 --> 00:39:19,840 Speaker 2: people lost in the past, because that was therefore, that 719 00:39:19,960 --> 00:39:22,400 Speaker 2: was a different president. We're gonna we're going to You're 720 00:39:22,440 --> 00:39:23,840 Speaker 2: gonna make a lot of money, but we're not going 721 00:39:23,920 --> 00:39:26,240 Speaker 2: to go back. You left a lot of money behind. 722 00:39:26,280 --> 00:39:34,359 Speaker 2: I guess, eh, what number twelve billion? How much twelve billion? Well, good, 723 00:39:34,440 --> 00:39:37,759 Speaker 2: right off, it's already been written off. 724 00:39:37,840 --> 00:39:41,799 Speaker 15: It's been written all right, thank you. You'll make it 725 00:39:41,840 --> 00:39:43,560 Speaker 15: back one way or the other. You're all going to 726 00:39:43,640 --> 00:39:46,160 Speaker 15: do very well, I think, really very well. Marco just 727 00:39:46,160 --> 00:39:50,680 Speaker 15: gave me a note. Go back to Chevron. They want 728 00:39:50,680 --> 00:39:53,280 Speaker 15: to discut something. Go ahead, I'm going back to Chevron. 729 00:39:53,360 --> 00:39:54,840 Speaker 6: Mark, Thank you, Marco. 730 00:39:56,640 --> 00:39:59,000 Speaker 2: Was there a question, mister President, Yes, go ahead, Marco. 731 00:39:59,040 --> 00:39:59,440 Speaker 2: What was it? 732 00:39:59,560 --> 00:40:00,239 Speaker 6: What are you say? 733 00:40:01,480 --> 00:40:02,560 Speaker 2: Mark? 734 00:40:01,760 --> 00:40:05,120 Speaker 9: If if you can update us on operations in the 735 00:40:05,160 --> 00:40:08,200 Speaker 9: ground with the appropriate approvals, what you might be able 736 00:40:08,200 --> 00:40:10,520 Speaker 9: to achieve in the next twelve to eighteen months, give 737 00:40:10,600 --> 00:40:12,280 Speaker 9: us a little view from the ground. 738 00:40:12,400 --> 00:40:13,319 Speaker 6: You bet you bet so. 739 00:40:13,480 --> 00:40:18,040 Speaker 13: Today Chevron has three thousand employees in four different joint 740 00:40:18,120 --> 00:40:21,600 Speaker 13: ventures in Venezuela today, and over the past five to 741 00:40:21,640 --> 00:40:25,120 Speaker 13: seven years, they've taken production from about forty thousand barrels 742 00:40:25,160 --> 00:40:27,239 Speaker 13: a day to two hundred and forty thousand barrels a day, 743 00:40:27,560 --> 00:40:30,520 Speaker 13: essentially getting those facilities and that equipment up to standards 744 00:40:30,560 --> 00:40:32,000 Speaker 13: that would be something. 745 00:40:31,719 --> 00:40:34,360 Speaker 3: That people in the room would be more accustomed to. 746 00:40:34,840 --> 00:40:38,600 Speaker 13: Given the work we've done with Secretary Right and Secretary 747 00:40:39,920 --> 00:40:42,920 Speaker 13: Bergham and even Secretary Bestent, I think we have a 748 00:40:42,960 --> 00:40:45,760 Speaker 13: path forward here very shortly to be able to increase 749 00:40:45,840 --> 00:40:49,200 Speaker 13: our liftings from those joint ventures one hundred percent essentially 750 00:40:49,200 --> 00:40:54,080 Speaker 13: effective immediately. We are also able to increase our production 751 00:40:54,160 --> 00:40:58,320 Speaker 13: within our own disciplined investment schemes by about fifty percent 752 00:40:58,440 --> 00:41:01,040 Speaker 13: just in the next eighteen to twenty four months, and 753 00:41:01,040 --> 00:41:04,920 Speaker 13: that's just leveraging what's on the ground. So to Secretary 754 00:41:04,960 --> 00:41:08,279 Speaker 13: of Rubio's comments about Phase one, this is taking the 755 00:41:08,320 --> 00:41:12,480 Speaker 13: momentum of improvements we've already made they're locally and building 756 00:41:12,480 --> 00:41:16,360 Speaker 13: on those and creating momentum for the people of Venezuela. 757 00:41:16,440 --> 00:41:18,920 Speaker 2: Do you think you have an advantage being there? You 758 00:41:18,960 --> 00:41:21,479 Speaker 2: know you've been there by the skin of your teeth. 759 00:41:21,480 --> 00:41:22,920 Speaker 2: It's been tough for you to be there. But do 760 00:41:22,960 --> 00:41:24,960 Speaker 2: you think you have an advantage over the other people 761 00:41:24,960 --> 00:41:26,800 Speaker 2: in this room by the fact that you are there? 762 00:41:27,239 --> 00:41:28,520 Speaker 3: Yeah, I think there are, Miss President. 763 00:41:28,520 --> 00:41:30,080 Speaker 13: I think there would be days where it didn't feel 764 00:41:30,120 --> 00:41:31,719 Speaker 13: like an advantage, and there are days where it does 765 00:41:31,760 --> 00:41:32,760 Speaker 13: feel like an advantage. 766 00:41:32,800 --> 00:41:34,680 Speaker 3: But having people on the ground. 767 00:41:34,520 --> 00:41:37,520 Speaker 13: Today that care desperately about the people of Venezuela and 768 00:41:37,600 --> 00:41:39,600 Speaker 13: know how to operate the assets they're there, there's a 769 00:41:39,719 --> 00:41:40,719 Speaker 13: definite advantage today. 770 00:41:40,760 --> 00:41:44,959 Speaker 2: Would you say the best locations are available or would 771 00:41:45,000 --> 00:41:48,920 Speaker 2: you say the best locations are already sort of worked 772 00:41:49,000 --> 00:41:52,480 Speaker 2: even though they're in very bad shape. The best locations 773 00:41:52,480 --> 00:41:55,080 Speaker 2: for finding oil, the best locations for oil. 774 00:41:56,320 --> 00:41:59,560 Speaker 13: There are more opportunities than not, mister President. With three 775 00:41:59,600 --> 00:42:03,879 Speaker 13: hundred barrels of reserves and resources in country, there are 776 00:42:03,880 --> 00:42:05,440 Speaker 13: lots of opportunities for many companies. 777 00:42:05,520 --> 00:42:08,080 Speaker 2: Will you be building new or will you'll be using 778 00:42:08,120 --> 00:42:09,839 Speaker 2: the old infrastructure that you have. 779 00:42:10,160 --> 00:42:11,799 Speaker 3: Yeah, today it's a little bit of mix. 780 00:42:11,880 --> 00:42:15,800 Speaker 13: But today it's mostly us taking the equipment of today, 781 00:42:15,800 --> 00:42:17,800 Speaker 13: getting it to the standards that we are accustomed to. 782 00:42:17,880 --> 00:42:20,160 Speaker 13: Your comments about making it how it should be today, 783 00:42:20,560 --> 00:42:22,959 Speaker 13: most of the investments that we've been making are about 784 00:42:22,960 --> 00:42:24,279 Speaker 13: getting it up to our standards. 785 00:42:24,760 --> 00:42:26,480 Speaker 2: Well, I think you're going to make an investment, but 786 00:42:26,560 --> 00:42:28,279 Speaker 2: you need to get your money back very quickly, and 787 00:42:28,320 --> 00:42:29,759 Speaker 2: that's part of our thing. We're going to have you 788 00:42:29,840 --> 00:42:32,680 Speaker 2: get your money back fast and then you'll give a 789 00:42:32,719 --> 00:42:35,920 Speaker 2: lot to Venezuela and to the United States after that. Okay, 790 00:42:36,000 --> 00:42:38,760 Speaker 2: so you'll be in good shape. Could I ask Carol 791 00:42:38,800 --> 00:42:41,399 Speaker 2: tam to say a few words. He's been a friend 792 00:42:41,400 --> 00:42:44,280 Speaker 2: of mine for a long time. Very amazing man, actually 793 00:42:44,360 --> 00:42:48,040 Speaker 2: amazing energy person. Well, thank you, miss President. 794 00:42:48,160 --> 00:42:50,960 Speaker 16: It's good to be here with so many dignified people 795 00:42:52,400 --> 00:42:56,040 Speaker 16: and his effort particularly, and thank you for your effort 796 00:42:56,320 --> 00:42:59,200 Speaker 16: for what you've done here, taken this desp out of 797 00:42:59,239 --> 00:43:05,040 Speaker 16: that area, and the world dealt with him way too long. Certainly, 798 00:43:05,120 --> 00:43:09,480 Speaker 16: our industry knows that this is a real jewel that 799 00:43:09,600 --> 00:43:14,040 Speaker 16: can be developed and for the for the people, for 800 00:43:14,200 --> 00:43:19,279 Speaker 16: the people. Uh of Venezuela and and also benefit the world. 801 00:43:19,600 --> 00:43:23,840 Speaker 16: And like Sirtey Wright said, it has not been done, 802 00:43:24,560 --> 00:43:27,880 Speaker 16: that's not been done in the past, and and they 803 00:43:27,920 --> 00:43:32,320 Speaker 16: had a good chance at it, brought someone in that 804 00:43:33,120 --> 00:43:36,759 Speaker 16: totally took it down, as everybody knows here, and that 805 00:43:36,920 --> 00:43:39,880 Speaker 16: was show us and we know what happened to him finally, 806 00:43:39,960 --> 00:43:45,520 Speaker 16: but you know that ruined the industry in Venezuela, and 807 00:43:45,520 --> 00:43:48,440 Speaker 16: and all of us know how that happened ended. 808 00:43:48,280 --> 00:43:50,920 Speaker 2: Very well, very very wrongly. 809 00:43:51,719 --> 00:43:57,000 Speaker 16: Uh So, anyway, we're glad to see what's happened here 810 00:43:57,080 --> 00:44:02,239 Speaker 16: and and look forward with the opportunity for a lot 811 00:44:02,239 --> 00:44:05,680 Speaker 16: of people in this room, but also for America and 812 00:44:05,760 --> 00:44:06,680 Speaker 16: the country itself. 813 00:44:06,719 --> 00:44:09,640 Speaker 2: Are you going to be involved in going in because 814 00:44:09,680 --> 00:44:14,680 Speaker 2: you know he's in North Dakota and he's in Oklahoma 815 00:44:14,719 --> 00:44:17,319 Speaker 2: and some incredible places. Is a little bit different, but 816 00:44:17,840 --> 00:44:19,799 Speaker 2: there's no doubt about you won't have to worry about 817 00:44:19,840 --> 00:44:22,360 Speaker 2: destructure much here. You can just just go at it. 818 00:44:23,440 --> 00:44:25,480 Speaker 2: Are you going to be one of the participants? 819 00:44:25,600 --> 00:44:29,080 Speaker 16: Well, certainly, Uh, you know, I'm an all finder, like 820 00:44:29,120 --> 00:44:33,360 Speaker 16: you said, Uh, you know Barry Switzer, you know told 821 00:44:33,360 --> 00:44:36,560 Speaker 16: that story the coach. He's kind of exaggerated a little bit. 822 00:44:36,560 --> 00:44:40,400 Speaker 16: It doesn't come out there quite that easily usually. But anyway, 823 00:44:40,480 --> 00:44:41,080 Speaker 16: great story. 824 00:44:41,120 --> 00:44:41,600 Speaker 8: I love it. 825 00:44:42,520 --> 00:44:44,080 Speaker 2: But I love barr Barry. 826 00:44:44,440 --> 00:44:46,920 Speaker 6: Barry's the one that told me that he's. 827 00:44:46,680 --> 00:44:49,360 Speaker 16: A champion, you know, and in a lot of ways. 828 00:44:49,440 --> 00:44:50,640 Speaker 2: So love that story. 829 00:44:51,320 --> 00:44:57,280 Speaker 16: Uh certainly I excites me as an expirationist. Uh, you know, 830 00:44:57,719 --> 00:45:01,200 Speaker 16: everybody has that in their blood. And and you know, 831 00:45:01,440 --> 00:45:07,560 Speaker 16: it is a very exciting country and a lot of reserves, 832 00:45:08,160 --> 00:45:12,399 Speaker 16: and so it's got its challenges and the industry knows 833 00:45:12,400 --> 00:45:16,960 Speaker 16: how to handle that. And loc Darren said, you know, 834 00:45:17,719 --> 00:45:20,480 Speaker 16: you go into your eyes open and do the best 835 00:45:20,560 --> 00:45:21,919 Speaker 16: you can with the team youve got. 836 00:45:22,600 --> 00:45:24,759 Speaker 2: So you're going to have something that they never had. 837 00:45:25,040 --> 00:45:27,840 Speaker 2: Really here is tremendous security. You're going to be very secure, 838 00:45:27,960 --> 00:45:31,160 Speaker 2: very safe, physically safe, in addition to financially. 839 00:45:31,200 --> 00:45:34,440 Speaker 6: Said, so it's good to see you, Harol. Thank you 840 00:45:34,560 --> 00:45:35,000 Speaker 6: very much. 841 00:45:35,800 --> 00:45:38,040 Speaker 2: Does anybody have anything to say before we get to 842 00:45:38,080 --> 00:45:43,759 Speaker 2: the press. 843 00:45:43,800 --> 00:45:45,200 Speaker 6: Well, Cuba's in bad shape. 844 00:45:45,360 --> 00:45:50,000 Speaker 2: Cuba relied on Venezuela for oil and for money, and 845 00:45:50,239 --> 00:45:52,600 Speaker 2: nobody really knows what's going to happen with Cuba. They're 846 00:45:52,600 --> 00:45:56,160 Speaker 2: doing very poorly. They're really third world all the way, 847 00:45:56,239 --> 00:45:59,279 Speaker 2: and we have a lot of great Cuban Americans, and 848 00:45:59,360 --> 00:46:02,600 Speaker 2: I would say Marco fits very solidly into that category. 849 00:46:02,640 --> 00:46:04,760 Speaker 2: And I might ask you to say a few words 850 00:46:04,800 --> 00:46:07,680 Speaker 2: about we were discussing it before. Cuba is a very 851 00:46:07,680 --> 00:46:09,920 Speaker 2: different They don't have energy, they don't have oil, but 852 00:46:10,000 --> 00:46:14,400 Speaker 2: they would live off of the oil from Venezuela, and 853 00:46:14,440 --> 00:46:18,600 Speaker 2: they do have a very strong people and very powerful 854 00:46:18,640 --> 00:46:24,120 Speaker 2: people militarily, and they would protect the people running Venezuela, 855 00:46:24,320 --> 00:46:26,880 Speaker 2: and they would take in a lot of money from Venezuela. 856 00:46:27,000 --> 00:46:28,759 Speaker 2: Now they don't have that. They won't be taken in 857 00:46:28,800 --> 00:46:30,879 Speaker 2: any money. So Marco, what do you think? 858 00:46:31,280 --> 00:46:33,239 Speaker 11: Well, I mean, the fundamental problem in Cuba is that 859 00:46:33,280 --> 00:46:35,239 Speaker 11: it's run by incompetent people that don't know what an 860 00:46:35,280 --> 00:46:37,520 Speaker 11: economy looks like, much less a functioning one. 861 00:46:37,640 --> 00:46:38,160 Speaker 8: They've made a. 862 00:46:38,200 --> 00:46:40,400 Speaker 11: Choice, and that is they would rather have political control 863 00:46:40,440 --> 00:46:42,920 Speaker 11: over the people and they would have an economy that functions. 864 00:46:43,160 --> 00:46:45,439 Speaker 11: And they've gotten away with it for sixty something years 865 00:46:45,480 --> 00:46:47,839 Speaker 11: because they've had donors the Soviet Union and now most 866 00:46:47,880 --> 00:46:48,840 Speaker 11: recently Venezuela. 867 00:46:48,880 --> 00:46:49,840 Speaker 8: But that's now gone. 868 00:46:50,160 --> 00:46:52,640 Speaker 11: So the people in control in Cuba have a choice 869 00:46:52,640 --> 00:46:54,560 Speaker 11: to make. They can either have a real country with 870 00:46:54,640 --> 00:46:57,200 Speaker 11: a real economy where their people can prosper, or they 871 00:46:57,200 --> 00:46:59,560 Speaker 11: can continue with their failing dictatorship. That's going to lead 872 00:46:59,560 --> 00:47:02,759 Speaker 11: to Sustaateican societal collapse. So that's a very stark and 873 00:47:02,840 --> 00:47:04,560 Speaker 11: dramatic choice, and it's one we hope to make the 874 00:47:04,640 --> 00:47:07,280 Speaker 11: right one. We don't have an interest in a destabilized Cuba. 875 00:47:07,320 --> 00:47:09,440 Speaker 11: But that would be their fault because they refuse to 876 00:47:09,480 --> 00:47:12,120 Speaker 11: allow the people of Cuba to have either economic or 877 00:47:12,160 --> 00:47:13,479 Speaker 11: political freedom for that matter. 878 00:47:13,920 --> 00:47:17,319 Speaker 2: And you have you have a lot of people in 879 00:47:17,320 --> 00:47:19,759 Speaker 2: this country that want to go back to Cuba and 880 00:47:19,760 --> 00:47:22,480 Speaker 2: help Cuba. A lot of people have left, you know, 881 00:47:22,520 --> 00:47:24,560 Speaker 2: they came in penalists, they didn't have anything, and they 882 00:47:24,680 --> 00:47:27,319 Speaker 2: become very rich people in our country and they want 883 00:47:27,320 --> 00:47:29,799 Speaker 2: to very much go back and help Cuba. So that's 884 00:47:29,800 --> 00:47:31,920 Speaker 2: something that Cuba has in a lot of other places 885 00:47:31,920 --> 00:47:32,200 Speaker 2: don't have. 886 00:47:32,280 --> 00:47:35,560 Speaker 17: Peter, I do want to ask you about Minnesota, but first, 887 00:47:35,640 --> 00:47:39,400 Speaker 17: just more on topic. President Zelenski said that he was 888 00:47:39,440 --> 00:47:41,799 Speaker 17: watching with the rest of the world as you made 889 00:47:41,800 --> 00:47:45,480 Speaker 17: this order to go and capture Nicholas Maduro, and he said, 890 00:47:46,000 --> 00:47:48,239 Speaker 17: if that's how it works with dictators, that the United 891 00:47:48,280 --> 00:47:51,719 Speaker 17: States knows what to do next. Sounds like he wants 892 00:47:51,719 --> 00:47:54,040 Speaker 17: you to go and capture Vladimir Poodin. Would you ever 893 00:47:54,160 --> 00:47:55,680 Speaker 17: order a mission to go and capture. 894 00:47:55,480 --> 00:47:58,400 Speaker 2: Latimir pood Well, I don't think it's going to be necessary. 895 00:47:58,440 --> 00:48:01,040 Speaker 2: I think we're going to have a I've always had 896 00:48:01,080 --> 00:48:04,000 Speaker 2: a great relationship with him. I'm very disappointed. I settled 897 00:48:04,000 --> 00:48:06,000 Speaker 2: eight wars. I thought this would be in the middle 898 00:48:06,000 --> 00:48:07,920 Speaker 2: of the pack, or maybe one of the easier ones. 899 00:48:08,680 --> 00:48:10,520 Speaker 2: And I don't know, if you know, Peter, the last 900 00:48:10,960 --> 00:48:13,880 Speaker 2: month they lost thirty one thousand people, many of them 901 00:48:14,000 --> 00:48:17,360 Speaker 2: Russian soldiers, and the Russian economy is doing poorly. I 902 00:48:17,400 --> 00:48:20,759 Speaker 2: think we're going to end up getting it settled. I 903 00:48:20,800 --> 00:48:23,359 Speaker 2: wish we could have done it quicker because a lot 904 00:48:23,360 --> 00:48:26,160 Speaker 2: of people are dying, and mostly soldiers. You know, they 905 00:48:26,160 --> 00:48:28,479 Speaker 2: get hit in Kiev and they get hit a little 906 00:48:28,520 --> 00:48:30,719 Speaker 2: bit here and there, and people are dying there too, 907 00:48:31,200 --> 00:48:35,040 Speaker 2: but largely it's the soldier population. When you have thirty 908 00:48:35,120 --> 00:48:38,440 Speaker 2: thousand and thirty one thousand soldiers dying in a period 909 00:48:38,480 --> 00:48:41,960 Speaker 2: of a month, twenty seven thousand, the month before, twenty 910 00:48:42,000 --> 00:48:45,440 Speaker 2: six thousand a month before that, that's bad stuff. So, 911 00:48:46,560 --> 00:48:50,640 Speaker 2: as you know, President Biden gave three hundred and fifty 912 00:48:50,880 --> 00:48:56,879 Speaker 2: billion dollars to Ukraine to fight and we would never 913 00:48:56,920 --> 00:48:59,200 Speaker 2: get that back, although I did make a rare earth 914 00:48:59,239 --> 00:49:00,960 Speaker 2: deal to get it back, so we will be getting 915 00:49:01,000 --> 00:49:03,960 Speaker 2: it back. But shouldn't have done that. It was a 916 00:49:04,000 --> 00:49:07,800 Speaker 2: bad thing to do. I will say that right now, 917 00:49:08,200 --> 00:49:10,920 Speaker 2: because I was able to get NATO to up GDP 918 00:49:11,080 --> 00:49:14,200 Speaker 2: from two percent to five percent. NATO's got a lot 919 00:49:14,200 --> 00:49:17,120 Speaker 2: of money and they're paying for everything. We're not losing 920 00:49:17,200 --> 00:49:19,399 Speaker 2: any money. We're making a lot of money. I guess 921 00:49:19,440 --> 00:49:21,720 Speaker 2: if you think of it, because we're selling a military equipment. 922 00:49:21,760 --> 00:49:25,000 Speaker 2: They're probably giving it to Ukraine, but we're selling them 923 00:49:25,239 --> 00:49:28,520 Speaker 2: to NATO military equipment. We're getting full price and all 924 00:49:28,560 --> 00:49:30,880 Speaker 2: of that. But that's not a big deal to me. 925 00:49:30,920 --> 00:49:32,839 Speaker 2: What is a big deal is stopping a war where 926 00:49:32,880 --> 00:49:35,239 Speaker 2: thirty thousand people are being killed every single month. 927 00:49:37,000 --> 00:49:41,120 Speaker 17: I'm gonna falla The Vice President yesterday suggested that Renee 928 00:49:41,120 --> 00:49:43,600 Speaker 17: A Good, who was killed by this ICE officer, was 929 00:49:43,680 --> 00:49:44,000 Speaker 17: part of. 930 00:49:43,960 --> 00:49:46,160 Speaker 3: A broad left wing network. 931 00:49:46,480 --> 00:49:49,640 Speaker 17: What has your team told you about this broad left 932 00:49:49,680 --> 00:49:50,719 Speaker 17: waing network. 933 00:49:50,760 --> 00:49:52,879 Speaker 2: Who is in charge of it, who's part of it? 934 00:49:52,960 --> 00:49:54,040 Speaker 3: What's it called? 935 00:49:54,360 --> 00:49:57,200 Speaker 2: Well, I haven't seen the Vice President's statement, but he's 936 00:49:57,280 --> 00:50:01,520 Speaker 2: generally very accurate. I hate to say. Look, I watched 937 00:50:01,760 --> 00:50:04,240 Speaker 2: that yesterday and there are a lot of different forms 938 00:50:04,280 --> 00:50:08,360 Speaker 2: to it, but there was a woman screaming. Shame, shame, shame, shame. 939 00:50:08,800 --> 00:50:12,640 Speaker 2: She was a agitator, probably a paid agitator, but in 940 00:50:12,640 --> 00:50:16,480 Speaker 2: my opinion, she was an agitator, a very high level agitator, 941 00:50:16,600 --> 00:50:20,759 Speaker 2: so professional. She wouldn't stop screaming. I said, this isn't 942 00:50:20,800 --> 00:50:26,280 Speaker 2: a normal situation. This is a professional trouble banker. Because 943 00:50:26,320 --> 00:50:28,399 Speaker 2: you heard it and I had it. Now, I will 944 00:50:28,400 --> 00:50:30,880 Speaker 2: say this, the news sort of turned her down, turned 945 00:50:30,880 --> 00:50:34,279 Speaker 2: her off because you're trying to watch. She was so 946 00:50:34,600 --> 00:50:39,680 Speaker 2: loud and so crazy and just not normal. When somebody 947 00:50:39,760 --> 00:50:43,480 Speaker 2: sees something like that, they don't go screaming and screaming 948 00:50:43,560 --> 00:50:47,239 Speaker 2: and the same word. It's so. I guess you could 949 00:50:47,280 --> 00:50:49,319 Speaker 2: say professional, but I didn't think she did a very 950 00:50:49,320 --> 00:50:53,200 Speaker 2: good job. You have agitators, and we will always be 951 00:50:53,280 --> 00:50:55,799 Speaker 2: protecting ice, and we're always going to be protecting our 952 00:50:55,840 --> 00:51:01,320 Speaker 2: border patrol and our law enforcement. Yeah, I was the president. 953 00:51:01,560 --> 00:51:05,520 Speaker 18: Mister President, in your conversations with these oil executives today, 954 00:51:05,560 --> 00:51:09,719 Speaker 18: did you provide any security guarantees so that they can 955 00:51:09,760 --> 00:51:14,040 Speaker 18: do their work safely in Venezuela, and separately, mister President, 956 00:51:14,560 --> 00:51:15,080 Speaker 18: they will. 957 00:51:14,920 --> 00:51:17,040 Speaker 2: Have those guaranteeses and separately. 958 00:51:17,080 --> 00:51:20,400 Speaker 18: As President, I'm curious in terms of the future of Venezuela, 959 00:51:20,520 --> 00:51:24,319 Speaker 18: do you see Venezuela now led by Delsa Rodriguez as 960 00:51:24,360 --> 00:51:26,080 Speaker 18: an ally of the US? 961 00:51:26,600 --> 00:51:28,520 Speaker 2: Is that the way that you view that country Right now? 962 00:51:28,600 --> 00:51:30,239 Speaker 2: They seem to be an ally and I think it 963 00:51:30,239 --> 00:51:32,440 Speaker 2: will continue to be an ally. And we don't want 964 00:51:32,480 --> 00:51:35,359 Speaker 2: to have Russia there. We don't want to have China there. 965 00:51:35,800 --> 00:51:38,040 Speaker 2: And by the way, we don't want Russia or China 966 00:51:38,120 --> 00:51:40,920 Speaker 2: going to Greenland, which if we don't take Greenland, you're 967 00:51:40,920 --> 00:51:44,040 Speaker 2: going to have Russia or China as your next door neighbor. 968 00:51:44,160 --> 00:51:53,440 Speaker 2: That's not going to happen. Dwight, thank you. 969 00:51:53,440 --> 00:51:56,560 Speaker 19: You just said that these companies would have security guarantees. 970 00:51:56,600 --> 00:51:58,600 Speaker 19: If they go in on the ground in Venezuela, they 971 00:51:58,640 --> 00:52:01,640 Speaker 19: will have What is your plan there actually for these 972 00:52:01,640 --> 00:52:03,560 Speaker 19: companies and those Americans who are going to be on 973 00:52:03,640 --> 00:52:05,080 Speaker 19: the ground working for these. 974 00:52:04,880 --> 00:52:07,680 Speaker 2: Companies, Well, there are going to be Americans. I assume 975 00:52:07,680 --> 00:52:09,400 Speaker 2: they're going to be using a lot of Americans, but 976 00:52:09,400 --> 00:52:11,080 Speaker 2: they're going to be using a lot of people from 977 00:52:11,160 --> 00:52:14,200 Speaker 2: Venezuela and other places I would imagine, but I would 978 00:52:14,200 --> 00:52:16,799 Speaker 2: think that mostly they'll be using Venezuela and workers. They 979 00:52:16,800 --> 00:52:18,960 Speaker 2: have a lot of great workers that have a very 980 00:52:19,040 --> 00:52:21,879 Speaker 2: high unemployment rate, and they have workers that are very 981 00:52:21,880 --> 00:52:23,760 Speaker 2: familiar with taking oil out of the ground. 982 00:52:23,840 --> 00:52:27,920 Speaker 19: Yeah, how long do you think that Ayatola will be 983 00:52:27,960 --> 00:52:29,880 Speaker 19: in power? After what we've seen play out on the 984 00:52:29,920 --> 00:52:32,359 Speaker 19: ground there? When is the US going to get involved? Now? 985 00:52:32,360 --> 00:52:35,200 Speaker 19: The reports of protesters being killed on the ground. 986 00:52:35,040 --> 00:52:37,879 Speaker 2: So Aron's in big trouble. It looks to me that 987 00:52:38,040 --> 00:52:41,879 Speaker 2: the people are taking over certain cities that nobody thought 988 00:52:41,920 --> 00:52:45,760 Speaker 2: were really possible just a few weeks ago. We're watching 989 00:52:45,800 --> 00:52:49,000 Speaker 2: the situation very carefully. I've made the statement very strongly 990 00:52:49,080 --> 00:52:51,040 Speaker 2: that if they start killing people like they have in 991 00:52:51,080 --> 00:52:53,879 Speaker 2: the past, we will get involved. We'll be hitting them 992 00:52:53,960 --> 00:52:57,320 Speaker 2: very hard where it hurts. And that doesn't mean boots 993 00:52:57,320 --> 00:52:59,399 Speaker 2: on the ground, but it means hitting them very very 994 00:52:59,400 --> 00:53:02,640 Speaker 2: hard where it So we don't want that to happen. 995 00:53:02,960 --> 00:53:06,680 Speaker 2: There have been cases like this where President Obama totally 996 00:53:06,840 --> 00:53:12,120 Speaker 2: backed down, But this is something pretty incredible that's happening 997 00:53:12,120 --> 00:53:15,160 Speaker 2: and around. It's an amazing thing to watch they've done 998 00:53:15,160 --> 00:53:17,440 Speaker 2: a bad job. They've treated their people very badly, and 999 00:53:17,480 --> 00:53:20,360 Speaker 2: now they're being paid back. So let's see what happens. 1000 00:53:20,360 --> 00:53:23,040 Speaker 2: We're watching it. We're watching it very closely. 1001 00:53:25,719 --> 00:53:25,959 Speaker 6: Nice. 1002 00:53:27,880 --> 00:53:30,200 Speaker 2: Yes, go ahead, Thank you so much, mister president. 1003 00:53:31,600 --> 00:53:33,640 Speaker 11: Do you have any comments in reaction to the recent 1004 00:53:33,680 --> 00:53:37,120 Speaker 11: a tax for the Ceria government alignment groups again use part. 1005 00:53:36,920 --> 00:53:39,640 Speaker 12: Of Kurdish forces and Equasiri, which. 1006 00:53:39,560 --> 00:53:43,680 Speaker 16: Killed us silience and displacing many families. Does your opensation 1007 00:53:43,840 --> 00:53:45,960 Speaker 16: bring peace between the Kurds and the Syrian government? 1008 00:53:46,080 --> 00:53:46,879 Speaker 6: I want to see piece. 1009 00:53:47,000 --> 00:53:49,239 Speaker 2: Yes, I do. The Kurds and the Syrian government. We 1010 00:53:49,320 --> 00:53:52,359 Speaker 2: get along with both, as you know very well. They 1011 00:53:52,440 --> 00:53:55,080 Speaker 2: have been natural enemies over the years, but we get 1012 00:53:55,120 --> 00:53:59,840 Speaker 2: along both, and we want to see serious succeed and 1013 00:54:00,120 --> 00:54:02,040 Speaker 2: so far I think they are succeeding. But this is 1014 00:54:02,200 --> 00:54:04,240 Speaker 2: just breaking out and we want to see that stopped. 1015 00:54:08,719 --> 00:54:09,360 Speaker 2: Go ahead. 1016 00:54:12,239 --> 00:54:12,879 Speaker 3: In a few weeks. 1017 00:54:12,920 --> 00:54:15,759 Speaker 2: Do you hold this This meeting with him marks a 1018 00:54:15,880 --> 00:54:17,759 Speaker 2: new chapter, a new beginning in. 1019 00:54:17,840 --> 00:54:19,080 Speaker 3: The benefit for all day. 1020 00:54:20,440 --> 00:54:25,160 Speaker 2: Country. Columbia had a very good talk with him yesterday, 1021 00:54:26,000 --> 00:54:29,120 Speaker 2: and you know, he's been very hostile to us and 1022 00:54:29,239 --> 00:54:31,719 Speaker 2: to the nation and to me, called me a dictator 1023 00:54:31,760 --> 00:54:36,680 Speaker 2: and lots of other things. UH called Biden some terrible names, 1024 00:54:36,719 --> 00:54:40,240 Speaker 2: far worse than he called me. But uh, he called 1025 00:54:40,880 --> 00:54:44,160 Speaker 2: yesterday through people and he wants to meet and that's 1026 00:54:44,200 --> 00:54:47,120 Speaker 2: fine with me. I've I've met up with people also, 1027 00:54:47,280 --> 00:54:49,160 Speaker 2: you know, so we're gonna have a meeting with him. 1028 00:54:49,160 --> 00:54:52,719 Speaker 2: We had a very good conversation. The people of Columbia 1029 00:54:52,719 --> 00:54:56,320 Speaker 2: are incredible people. Marco would know that better than anybody 1030 00:54:56,320 --> 00:55:00,040 Speaker 2: because he's married to a woman from Colombia, and I 1031 00:55:00,160 --> 00:55:03,400 Speaker 2: mean Columbia University. That would be I'm not sure. I 1032 00:55:03,480 --> 00:55:05,960 Speaker 2: think I like Columbia the country better. If you want 1033 00:55:05,960 --> 00:55:09,800 Speaker 2: to know the truth, the people. The people are the people. 1034 00:55:10,800 --> 00:55:13,279 Speaker 2: The people, the people are great people. I look forward 1035 00:55:13,320 --> 00:55:15,520 Speaker 2: to meeting with They're gonna meet in the very near future. 1036 00:55:17,120 --> 00:55:20,440 Speaker 16: Would you meet the president interim President of Venezuela here 1037 00:55:20,560 --> 00:55:21,520 Speaker 16: in the White House? 1038 00:55:21,560 --> 00:55:23,799 Speaker 3: Would you greet her to discuss the faith of people? 1039 00:55:24,040 --> 00:55:26,040 Speaker 2: Well, I'm going to meet a lot of people and 1040 00:55:26,239 --> 00:55:27,920 Speaker 2: we're going to meet. You know, we meet a lot 1041 00:55:28,000 --> 00:55:30,759 Speaker 2: of people. When you end eight wars, you get to 1042 00:55:30,840 --> 00:55:34,360 Speaker 2: know a lot of people. And I think it's very important. 1043 00:55:34,400 --> 00:55:38,479 Speaker 2: As an example, we have over eighteen trillion dollars thinking 1044 00:55:38,560 --> 00:55:41,560 Speaker 2: that eighteen trillion dollars coming into our country. A lot 1045 00:55:41,640 --> 00:55:44,760 Speaker 2: of that's coming in from foreign countries like Saudi Arabia 1046 00:55:44,800 --> 00:55:48,200 Speaker 2: and Qatar and UAE and others. And I get to 1047 00:55:48,280 --> 00:55:50,319 Speaker 2: meet a lot of people. But I will be meeting 1048 00:55:50,360 --> 00:55:55,839 Speaker 2: with various representatives of Venezuela probably pretty soon. We haven't 1049 00:55:55,840 --> 00:55:58,880 Speaker 2: set that up. But the relationship that we have with 1050 00:55:59,000 --> 00:56:01,640 Speaker 2: the people that are currently running Venezuela is very good. 1051 00:56:02,200 --> 00:56:06,920 Speaker 2: We also have a young lady that received the Nobel 1052 00:56:07,000 --> 00:56:09,640 Speaker 2: Peace Prize. She's going to come in and pay her 1053 00:56:09,680 --> 00:56:12,000 Speaker 2: regards to our country. Really to me, but you know, 1054 00:56:12,080 --> 00:56:16,520 Speaker 2: I'm a representative of the country, nothing else. And she's 1055 00:56:16,600 --> 00:56:20,240 Speaker 2: coming in sometime next week I think Wednesday, Tuesday or Wednesday, 1056 00:56:20,960 --> 00:56:23,279 Speaker 2: and we'll see how that is. But no, no, we're 1057 00:56:23,280 --> 00:56:26,000 Speaker 2: going to be We're dealing with the people from Venezuela. 1058 00:56:26,520 --> 00:56:28,319 Speaker 2: We're dealing with them very well. I think they've been 1059 00:56:28,440 --> 00:56:30,400 Speaker 2: very smart and the way they've dealt with us, frankly, 1060 00:56:30,400 --> 00:56:33,160 Speaker 2: because that whole place could have been obliterated with one 1061 00:56:33,200 --> 00:56:38,239 Speaker 2: more strike and we didn't want to do that. Thank 1062 00:56:38,239 --> 00:56:38,640 Speaker 2: you so much. 1063 00:56:38,640 --> 00:56:40,480 Speaker 20: I have a question for you on Minneapolis, but on 1064 00:56:40,600 --> 00:56:43,279 Speaker 20: Venezuela and your meeting with Machado next week. If she 1065 00:56:43,440 --> 00:56:45,759 Speaker 20: gives you her Nobel Peace Prize, will that change your 1066 00:56:45,880 --> 00:56:47,440 Speaker 20: view about her running that country? 1067 00:56:48,440 --> 00:56:49,920 Speaker 2: Well, I have to speak to her. I mean, I'm 1068 00:56:49,920 --> 00:56:51,320 Speaker 2: going to have to speak to her. She might be 1069 00:56:51,400 --> 00:56:53,480 Speaker 2: involved in some aspect of it. I will have to 1070 00:56:53,520 --> 00:56:55,640 Speaker 2: speak to her. I think it's very nice that she 1071 00:56:55,800 --> 00:56:58,719 Speaker 2: wants to come in, and that's what I understand. The 1072 00:56:58,760 --> 00:57:03,680 Speaker 2: reason is because nor is very embarrassed by what took place. 1073 00:57:03,760 --> 00:57:08,160 Speaker 2: I mean, they're getting decimated. Look, whether people like Trump 1074 00:57:08,320 --> 00:57:11,680 Speaker 2: or don't like Trump, I settled eight wars, big ones, 1075 00:57:12,200 --> 00:57:14,759 Speaker 2: some going on for thirty six years, thirty two years, 1076 00:57:14,840 --> 00:57:19,040 Speaker 2: thirty one years, twenty eight years, twenty five years, some 1077 00:57:19,320 --> 00:57:23,400 Speaker 2: just getting ready to start, like India and Pakistan where 1078 00:57:23,440 --> 00:57:26,320 Speaker 2: already eight jets were shot out of the air. And 1079 00:57:26,680 --> 00:57:30,200 Speaker 2: I got it done in rapid order without nuclear weapons. 1080 00:57:32,440 --> 00:57:34,760 Speaker 2: I can't think of anybody in history that you get 1081 00:57:34,800 --> 00:57:36,680 Speaker 2: the Nobel Prize more than me, and I don't want 1082 00:57:36,720 --> 00:57:39,240 Speaker 2: to be bragging, but nobody else settled wars. Obama got 1083 00:57:39,280 --> 00:57:42,040 Speaker 2: the Nobel Prize. He had no idea why, he still 1084 00:57:42,440 --> 00:57:44,680 Speaker 2: has no idea. He walks around, he says, I got 1085 00:57:44,720 --> 00:57:46,840 Speaker 2: the Nobel Prize. Why did he get a Nobel Price. 1086 00:57:47,080 --> 00:57:50,320 Speaker 2: He got it almost immediately upon attaining office, and he 1087 00:57:50,320 --> 00:57:53,080 Speaker 2: didn't do anything, and he was a bad president. So 1088 00:57:54,560 --> 00:57:56,680 Speaker 2: I mean, you should get the Nobel price for every 1089 00:57:56,720 --> 00:57:59,320 Speaker 2: war you stopped. These were major wars. These were wars 1090 00:57:59,440 --> 00:58:03,320 Speaker 2: that nobody thought could be stopped. President Putin called me 1091 00:58:03,360 --> 00:58:04,960 Speaker 2: and he said about two of the wars that he's 1092 00:58:05,000 --> 00:58:07,240 Speaker 2: been trying to stop them for ten years. He wasn't 1093 00:58:07,280 --> 00:58:09,760 Speaker 2: able to do it. He couldn't believe it. So in theory, 1094 00:58:09,800 --> 00:58:12,000 Speaker 2: you should get the Nobel Price for every war you stopped. 1095 00:58:12,080 --> 00:58:15,960 Speaker 2: Every one of them was major. But I don't care 1096 00:58:16,000 --> 00:58:18,360 Speaker 2: about that. What I care about is saving lives. I've 1097 00:58:18,400 --> 00:58:20,640 Speaker 2: saved tens of millions of lives. 1098 00:58:20,760 --> 00:58:20,920 Speaker 8: You know. 1099 00:58:21,080 --> 00:58:24,520 Speaker 2: The Prime Minister of Pakistan came here and he made 1100 00:58:24,520 --> 00:58:28,240 Speaker 2: a very public savement. He said that President Trump saved 1101 00:58:28,560 --> 00:58:34,080 Speaker 2: minimum ten million lives having to do with Pakistan and India, 1102 00:58:34,200 --> 00:58:35,800 Speaker 2: and that was going to be raging. So, you know, 1103 00:58:36,080 --> 00:58:38,000 Speaker 2: but I'm honored that she's coming here. I look forward 1104 00:58:38,000 --> 00:58:43,160 Speaker 2: to meeting her. Yes, all go ahead. 1105 00:58:44,360 --> 00:58:44,920 Speaker 6: A follow up for you. 1106 00:58:45,720 --> 00:58:48,320 Speaker 20: The state officials therec said that the NBI stop sharing 1107 00:58:48,400 --> 00:58:51,240 Speaker 20: evidence with them. Typically they would conduct a joint investigation. 1108 00:58:51,320 --> 00:58:53,440 Speaker 20: As you know, do you believe that the NBI should 1109 00:58:53,440 --> 00:58:56,040 Speaker 20: be sharing evidence with state officials in Minnesota? 1110 00:58:56,240 --> 00:58:58,640 Speaker 2: Well, normally I would put the crooked officials. I mean 1111 00:58:58,840 --> 00:59:03,400 Speaker 2: Minneapolis and Minnesota what a beautiful place, but it's being destroyed. 1112 00:59:04,040 --> 00:59:06,440 Speaker 2: It's got an incompetent governor fool, I mean, he's a 1113 00:59:06,480 --> 00:59:10,800 Speaker 2: stupid person. And it looks like the number could be 1114 00:59:11,480 --> 00:59:16,120 Speaker 2: nineteen billion dollars stolen from a lot of people, but 1115 00:59:16,320 --> 00:59:19,280 Speaker 2: largely people from Somalia. They buy their vote, they vote 1116 00:59:19,320 --> 00:59:22,240 Speaker 2: in a group, they buy their vote. They sell more 1117 00:59:22,320 --> 00:59:25,200 Speaker 2: Mercedes Benzes in that area than almost Can you imagine 1118 00:59:25,240 --> 00:59:27,440 Speaker 2: you come over with no money and then shortly thereafter 1119 00:59:27,480 --> 00:59:30,800 Speaker 2: you're driving a Mercedes Benz. The whole thing is ridiculous. 1120 00:59:30,800 --> 00:59:33,640 Speaker 2: So they're very corrupt people. It's a very corrupt state. 1121 00:59:33,760 --> 00:59:36,960 Speaker 2: I feel that I won Minnesota. I think I want 1122 00:59:37,040 --> 00:59:42,200 Speaker 2: it all three times. Nobody's won it for since Richard 1123 00:59:42,280 --> 00:59:45,320 Speaker 2: Nixon won it many many years ago. I wanted all 1124 00:59:45,360 --> 00:59:48,640 Speaker 2: three times in my opinion, And it's a corrupt state, 1125 00:59:48,840 --> 00:59:51,960 Speaker 2: a corrupt voting state. And the Republicans ought to get 1126 00:59:52,040 --> 00:59:54,439 Speaker 2: smart and demand on voter id