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Wicked Radio 5-15: Gas And China - Deal In Beijing To Bring Our Prices Down? · Wicked Radio with Bill Adams

0:03
Speaker 1: Ridiculous gas prices. But it's relief coming soon, maybe, I hope.
0:08
Speaker 1: So I heard something yesterday. If you kind of look
0:11
Speaker 1: at all the clues from this China trip, the Beijing
0:13
Speaker 1: trip with President Trump talking to she she wants to
0:15
Speaker 1: make a deal. It's all about oil. I'm convinced. Now
0:19
Speaker 1: we'll get into that. But are you like me? Got
0:21
Speaker 1: gas last night and I'm like, I don't want to
0:24
Speaker 1: I want to stop at ten gallons. I don't want
0:26
Speaker 1: to go over You know you're paying attention to this
0:28
Speaker 1: and then and it's also you know, much more likely
0:31
Speaker 1: to stay inside. Hey, should we go out tonight and
0:33
Speaker 1: you're thinking about the gas prices? Ah, maybe we should
0:36
Speaker 1: just kind of stay in.
0:38
Speaker 2: We all do it.
0:38
Speaker 1: And gas prices are one of those infuriating things. It
0:41
Speaker 1: just is because it's just so complicated. It's one of
0:43
Speaker 1: the few things in our consumer lives it seems to
0:45
Speaker 1: make no sense whatsoever. It's like, it doesn't seem to
0:49
Speaker 1: follow the laws of supply and demand. You look at
0:51
Speaker 1: You'll be driving down the street, Well, that one gas dy,
0:55
Speaker 1: that one there, same brand is thirty cents higher?
0:58
Speaker 2: What like what?
0:59
Speaker 1: It seems to make no sense. That's why it's so
1:02
Speaker 1: infuriating any You're not alone. But something happened yesterday at
1:06
Speaker 1: this China trip. Because we've heard all the different things
1:08
Speaker 1: and all the pageantry and everything else, and it's about
1:11
Speaker 1: it's the Ran war and it's all that something very
1:14
Speaker 1: key happen and it's all about oil prices, and I
1:16
Speaker 1: think and it's all a gamble, right, I think it
1:19
Speaker 1: means good news, we're gonna do all that happy weekend
1:21
Speaker 1: by the way, right about the time when you make
1:23
Speaker 1: a weekend driving plans, it's all a gamble.
1:26
Speaker 2: Especially with Memorial Day coming up.
1:28
Speaker 1: You're gonna cancel your trip because you think as prices
1:30
Speaker 1: are still gonna be high or not.
1:32
Speaker 2: It's a question we all face, all right.
1:33
Speaker 1: Thanks for finding Wicked Radio, the live stream podcast and
1:36
Speaker 1: the replay on x and YouTube and on Facebook audio
1:38
Speaker 1: podcast too, where ever like to download those.
1:41
Speaker 2: Let's get right to it with this Beijing trip.
1:43
Speaker 1: I haven't talked a whole lot about this except the
1:45
Speaker 1: day before yesterday with the Chinese spies. I said at
1:48
Speaker 1: the time, I really hope Trump brings that up with Hijinping,
1:51
Speaker 1: with all the other world issues, can you can you
1:53
Speaker 1: get you know, in front of him say, can you
1:55
Speaker 1: stop inserting spies into American politics like that lady in California.
2:00
Speaker 1: But regardless, how was he received, this is from when
2:03
Speaker 1: they first arrived to Dana half ago. How did this
2:06
Speaker 1: all go for the trailers? Wow, a band of red
2:16
Speaker 1: carpet literally jumping children up and down. So it wasn't
2:21
Speaker 1: exactly the doom and gloom that we've also heard, because God,
2:24
Speaker 1: there is so much propaganda in misdirection in our news sources.
2:28
Speaker 1: Perfect example of this, Melissa Slotkin, one of the now
2:32
Speaker 1: new designated liars from the Democrats, went on what's that
2:36
Speaker 1: show on CNBC squawk Box or something whatever? She was
2:39
Speaker 1: on there yesterday talking about the trip. Now, compare what
2:41
Speaker 1: you just heard and saw with President Trump's reaction in
2:45
Speaker 1: the greeting and the welcome with Beijing and how he
2:48
Speaker 1: was treated with what she's saying and the narrative that
2:51
Speaker 1: they're trying to press over here. He's going there to
2:53
Speaker 1: beg China's help to end the Iran war.
2:56
Speaker 3: At this point, we're going in a little bit on
2:59
Speaker 3: our heels because the straight of horror moves. The Persian
3:02
Speaker 3: Gulf isn't open, And now you know, I'm hearing a
3:05
Speaker 3: lot of things around Washington that the President is going
3:07
Speaker 3: to have to ask the Chinese for their help resolving
3:11
Speaker 3: what's going on.
3:11
Speaker 2: Helps. Help's great. We all love help, right, But how
3:14
Speaker 2: about that?
3:15
Speaker 1: And it's always the same thing I'm hearing, you know,
3:18
Speaker 1: the unnamed sources reportedly Trump is going to beg for help. Well,
3:23
Speaker 1: let's go to the man himself, because he talked to
3:25
Speaker 1: Hannity last night. And I gotta say this. I know
3:27
Speaker 1: a lot of you. You may not like Hannity, right,
3:29
Speaker 1: he may not be your cup of tea.
3:30
Speaker 2: I get that.
3:31
Speaker 1: I understand that. That's fine. I happen to like him myself.
3:34
Speaker 1: But you got to understand something. If you want to
3:36
Speaker 1: try to figure out what's going on, to read the
3:38
Speaker 1: tea leaves, as I always say, and understand where Trump
3:40
Speaker 1: is coming from. It's not important that you or I
3:43
Speaker 1: like Hannity. Trump loves him, like loves him. The two
3:47
Speaker 1: interviewers that Trump loves the most, it's clear now, are
3:51
Speaker 1: Maria Bartiromo.
3:52
Speaker 2: I think he's in love with her.
3:54
Speaker 1: At Sean Hannity, that's where he gets He's the most relaxed,
3:57
Speaker 1: I think, and he trusts them the most, so he's
3:59
Speaker 1: the most revealing. So sits down with Hannity in China.
4:03
Speaker 1: Annony was on the trip. He was on Air Force
4:05
Speaker 1: one and he said something about that. Okay, as it relate,
4:08
Speaker 1: and this is all we've heard so far. This is
4:09
Speaker 1: all about this is all about the war. This is
4:12
Speaker 1: about all about Iran. This is all about China.
4:14
Speaker 2: Okay. What did Trump say himself? Not the US? Probably
4:20
Speaker 2: they should make a deal.
4:22
Speaker 4: Any sane person would make a deal. But they might
4:26
Speaker 4: be crazy, all right.
4:28
Speaker 1: More, that's a great promo actually that they put together
4:31
Speaker 1: for Hannity.
4:32
Speaker 2: He might be great. They might be crazy, Sean.
4:34
Speaker 1: They might be cookie dooks, nuts cuckoo, cuckoo for cocoa.
4:37
Speaker 2: PuF Sean, they're crazy.
4:39
Speaker 1: Does that sound like a guy as opposed to what
4:41
Speaker 1: you heard Melissa Slotkin say that is begging on his
4:43
Speaker 1: hands and knees for help from China to deal with Iran?
4:48
Speaker 1: Not quite but he but he you know, elaborated and
4:51
Speaker 1: he said, you know, we'll help. All help is appreciated.
4:54
Speaker 4: President. She would like to see a deal man, who
4:56
Speaker 4: would he would like to see a deal man? And
5:00
Speaker 4: he did offer. He said, if I can be of
5:01
Speaker 4: any help at all, I would like to be of help,
5:04
Speaker 4: because he did say that, Yeah, he did say that.
5:06
Speaker 4: And look, anybody that buys that much oil has obviously
5:10
Speaker 4: got some kind of a relationship with him.
5:12
Speaker 1: Sure. Absolutely, And that's a little hint to what we're
5:15
Speaker 1: really going to get into today, the moral of our story.
5:17
Speaker 1: But that's all we've heard so much so far, right,
5:19
Speaker 1: And I'm not trying to discount it at all. But
5:21
Speaker 1: what have we heard so far from the China trip?
5:23
Speaker 1: Great talks, great meeting, We're getting along, red carpet, all
5:26
Speaker 1: that good stuff. And China's offering a help with Iran
5:29
Speaker 1: to end this conflict.
5:31
Speaker 2: That's great. I'm not discounted. That's awesome.
5:34
Speaker 1: Then yesterday everything really became revealing because Trump was talking
5:37
Speaker 1: about it himself. I was doing some work around the
5:40
Speaker 1: house and they have Fox onto the background and I'm
5:44
Speaker 1: trying to just get some information and I heard this,
5:47
Speaker 1: and I'm wondering if you heard it too, And I
5:48
Speaker 1: had to literally grab my remote, rewind it and listen
5:51
Speaker 1: to it again because everything became clear about what this
5:54
Speaker 1: trip is about. And maybe, depending if you like to
5:56
Speaker 1: gamble or not, what's coming up for gasbrunch?
5:58
Speaker 5: Gee, express interest in purchasing more American oil to reduce
6:03
Speaker 5: China's dependence on the straight in the future.
6:06
Speaker 1: That's a really what huh, I'm sorry, grab my remote,
6:10
Speaker 1: repeat it, gee.
6:11
Speaker 5: Express interest in purchasing more American oil to reduce China's
6:16
Speaker 5: dependence on the straight in the future. That's a really
6:19
Speaker 5: big takeaway.
6:20
Speaker 1: So it's the takeaway. Now you know what this is about.
6:23
Speaker 1: Of course it's about and of course we're going to
6:26
Speaker 1: like you kind of have to go there, right, And
6:28
Speaker 1: I'm sure this is what Trump is thinking, you have
6:29
Speaker 1: to go there and trying to allay China's fears about this. No,
6:32
Speaker 1: it's not going to drag on. No, we're not begging
6:34
Speaker 1: for help or are you telling you what's going to happen?
6:36
Speaker 2: Guys? Isn't it clear? Isn't it clear? Now what this
6:40
Speaker 2: is about?
6:41
Speaker 1: Look straight orfore moves is going to be wide open
6:45
Speaker 1: worldwide in the world markets. Right, we are ready for business.
6:50
Speaker 1: We would really like you to buy from us. We're
6:52
Speaker 1: more reliable, and we're very very close. In fact, we're
6:55
Speaker 1: closer when you're talking about Alaska to China than a is.
7:00
Speaker 1: We would like to make a business deal, and that's
7:03
Speaker 1: what this is all about, isn't it? Yes, it is
7:07
Speaker 1: so again, if you don't like Hannity, you gotta suffer
7:10
Speaker 1: through it. But this is what he told Hannity about
7:12
Speaker 1: that very same thing.
7:13
Speaker 4: They get a lot of their of their oil from
7:16
Speaker 4: that location. So what has happened? And one thing I
7:19
Speaker 4: think that we were going to make a deal on.
7:22
Speaker 4: They've agreed they want to buy oil from the United States.
7:24
Speaker 4: They're going to go to Texas. We're going to start
7:26
Speaker 4: sending Chinese ships to Texas and to Louisiana and to Alaska.
7:32
Speaker 4: And I think that was another thing that was agreed to.
7:34
Speaker 4: That's a big thing. What about that much longer? Yes? Yeah,
7:39
Speaker 4: everything energy. Energy, that's the one thing they really need. Energy.
7:43
Speaker 4: That's the one thing. They have an insatiable appetite for energy.
7:47
Speaker 4: And we have unlimited energy. You know, we're now under me,
7:52
Speaker 4: but we now produce more than if you combined Saudi
7:56
Speaker 4: Arabia and before the war, if you Soadia, Arabia Russia
8:01
Speaker 4: put them together, we're doing twice as much.
8:03
Speaker 1: We have all kinds of oil, and we'd like to
8:05
Speaker 1: have you buy from US. Isn't that really truly what
8:08
Speaker 1: this is all about? I mean, why does China roll
8:11
Speaker 1: out the red carpet. Official statement is it's a reciprocity
8:14
Speaker 1: for you inviting Sijin beIN to Washington in twenty seventeen. Sure,
8:19
Speaker 1: I'm sure it's a nice thing. International relations, it's all big.
8:22
Speaker 1: Why now, we'd really like to listen after epic fury,
8:26
Speaker 1: we'd really like to have you come here and figure
8:28
Speaker 1: out our oil situation. Isn't that doesn't that make sense
8:30
Speaker 1: that that's what China is saying, because it all seems
8:32
Speaker 1: to be revealed yesterday.
8:33
Speaker 2: Yesday was a big news story.
8:35
Speaker 1: Very quietly under this this is what this is all about,
8:37
Speaker 1: and it may be maybe great news for all of us,
8:40
Speaker 1: but we're gonna answer the question right because we've all
8:41
Speaker 1: asked it.
8:42
Speaker 2: I'm there with you.
8:42
Speaker 1: It's like, why, okay, why how does this affect us?
8:48
Speaker 1: And if we have all this oil, if we have
8:50
Speaker 1: all of this energy, why are our gas prices going
8:53
Speaker 1: so high? And the answer is this, really, we don't
8:55
Speaker 1: buy and this is another thing that's been incorrectly said
8:59
Speaker 1: in the US media by you know who, the lamestream media.
9:03
Speaker 1: We don't buy any oil from Iran. We haven't for years.
9:07
Speaker 1: The gas prices are high because it's a world market thing.
9:10
Speaker 1: So in other words, the stock market bets on the
9:12
Speaker 1: world oil supply. So if that's down, like the straight
9:14
Speaker 1: at Hermes hororm moves sure that actually happens, that they
9:17
Speaker 1: would bet on those prices, you know, a limited supply,
9:22
Speaker 1: so the prices go up.
9:23
Speaker 2: So even your local Yokal.
9:25
Speaker 1: Gas station is affected by that because the price of
9:28
Speaker 1: oil overall with limited supply goes up even though we're
9:31
Speaker 1: we're like flush with oil and gas in this covey.
9:34
Speaker 1: That's why it seems to make no sense. That's why
9:37
Speaker 1: it seems to not follow the laws of supply and demand.
9:40
Speaker 1: But you keep on going. Now, tie all this together
9:42
Speaker 1: with Trump was saying what you heard the reporter saying
9:45
Speaker 1: what they was specifically saying in that interview with Hannity,
9:48
Speaker 1: And he's saying it's not gonna be long.
9:50
Speaker 2: It's not gonna be long at all.
9:51
Speaker 1: Scott Pssent, the Treasury Secretary, has been saying this for
9:53
Speaker 1: now months, it's gonna be short term pain for long
9:56
Speaker 1: term gain. That he's actually gone so is his latest interviews.
10:01
Speaker 1: He's saying that China is choking on oil, Iran is
10:05
Speaker 1: choking on oil. They have so much they can't sell it.
10:09
Speaker 1: And once this strait is completely open and they're saying
10:11
Speaker 1: that that's pretty much done now, oil prices are going
10:14
Speaker 1: to drop. So it comes down to what a gamble. Right,
10:19
Speaker 1: Here's another thing.
10:19
Speaker 3: Listen to Heday today, American consumer, that help is on
10:22
Speaker 3: the way.
10:23
Speaker 2: We have it in mind, help is.
10:25
Speaker 6: On the way as of today. The way to think
10:27
Speaker 6: about it is the market, because of the conflict around
10:32
Speaker 6: the strait, is in deficit about ten million barrels a day,
10:36
Speaker 6: between eight and ten million barrels a day right now.
10:38
Speaker 6: So every crew carrier that goes through has about two
10:42
Speaker 6: million barrels, so four or five crew carriers a day
10:46
Speaker 6: coming through of the pent Man. We think there are
10:48
Speaker 6: more than one hundred and fifty two hundred crew carriers
10:51
Speaker 6: that can come out. So I think the market is
10:53
Speaker 6: going to be very well supplied.
10:55
Speaker 1: Okay, one thing for sure, that guy percent has not
10:58
Speaker 1: flip flopped on this at all. Said at the very
11:01
Speaker 1: beginning it might have been the first day of epic fury.
11:04
Speaker 1: He said, honestly, this will affect world oil prices, which
11:08
Speaker 1: will affect us. But he said it again, and that's
11:10
Speaker 1: where I got that term from him. As far as
11:12
Speaker 1: this story goes, short term pain, long term gain. He's
11:15
Speaker 1: been consistently saying that all along. When they did have
11:18
Speaker 1: a ceasefire, remember what happened before a ran got rambunctious again,
11:22
Speaker 1: When they did have a ceasefire, all of a sudden,
11:24
Speaker 1: the gas prices were dropping. They I mean they did.
11:27
Speaker 1: Doesn't that tell us? Isn't that a sign and a
11:29
Speaker 1: clue that when this thing is over, I think it
11:33
Speaker 1: may be okay?
11:34
Speaker 2: But it's a gamble again.
11:35
Speaker 1: Let's just go back to Trump saying this, not exactly
11:37
Speaker 1: begging on his hands and knees for help from China.
11:41
Speaker 2: Do you hear this and think it's gonna last long?
11:45
Speaker 4: They should make a deal. Any sane person would make
11:49
Speaker 4: a deal.
11:50
Speaker 2: I'm not gonna be patient. They're crazy. They're crazy shun
11:53
Speaker 2: so who knows. I don't know how long this is
11:55
Speaker 2: gonna last.
11:55
Speaker 1: But it all comes down to going gamble, doesn't it.
11:58
Speaker 1: So if you took all of this together, with all
12:00
Speaker 1: of the reports saying that this is I heard it
12:02
Speaker 1: a ton from Trump himself even, and then all the
12:05
Speaker 1: reports and what and tie that into what Scott Bissenna
12:08
Speaker 1: said with China looking for an oil supplier for their
12:12
Speaker 1: energy needs. We're right here. Doesn't that make sense? That's
12:16
Speaker 1: why he's in China right now? Doesn't that make sense?
12:19
Speaker 1: Isn't that the number one priority? Of course, there's a
12:21
Speaker 1: bunch of other issues. Do we get a chance to
12:23
Speaker 1: sit down with Shi Jinping? Course? Of course, it's all
12:25
Speaker 1: kinds of stuff. Apparently reportedly he also made a deal
12:28
Speaker 1: to tell China to stop pushing fentanyl across our shores
12:32
Speaker 1: killing Americans. Yeah, that's kind of big. Let's not pretend
12:35
Speaker 1: that they're not some kind of adversary, because they are.
12:38
Speaker 1: It's always been about China. So of course, work out
12:40
Speaker 1: a deal on fentanyl, fantastic, work out other trade deals.
12:43
Speaker 1: Stop stealing our intellectual property fantastic. But isn't the priority
12:48
Speaker 1: and the most important thing right now? What China and
12:52
Speaker 1: us what we want to get done on a deal
12:54
Speaker 1: and to come to the table on isn't it oil
12:57
Speaker 1: if we become their number one oil supplier? And of course,
13:00
Speaker 1: once this deal will be struck, of course, you know
13:02
Speaker 1: exactly what the message is going to be. You can't
13:04
Speaker 1: trust it. Trump, listen, I can predict the headlines now
13:08
Speaker 1: on CNN. Trump caves to China it'll be you know what,
13:11
Speaker 1: It'll be this Our gas prices will go down in
13:14
Speaker 1: maybe like three four weeks. This will be the CNN headline.
13:17
Speaker 1: Trump caves to China and gives our gas away.
13:20
Speaker 2: Couldn't you just see it? I don't know. All I
13:24
Speaker 2: know is and here's the big takeaway.
13:26
Speaker 1: To listen to what's actually going on, you got to
13:29
Speaker 1: kind of put the pieces together. I know you don't
13:31
Speaker 1: want to dig through all the interview That's why I'm
13:32
Speaker 1: here for you. I'll ferret through all this stuff for you.
13:35
Speaker 1: You don't want to listen to all the interviews with
13:36
Speaker 1: everything going on. Scott Besent, the Treasury Secretary, not the
13:40
Speaker 1: most exciting interview. I understand it. But it's important what
13:42
Speaker 1: he's saying. And he's been consistent now for over a month.
13:46
Speaker 1: Has it been five weeks? It's going to be short
13:48
Speaker 1: term pain for long term gain. Let alone the fact
13:52
Speaker 1: that we're going to prevent a ran from having a
13:54
Speaker 1: nuclear weapon. But the China trip, this is about oil.
13:57
Speaker 2: So it's a gamble.
14:00
Speaker 1: Let's take a look at our at Memorial Day and
14:01
Speaker 1: your travel plans. Are you gonna look at this and
14:03
Speaker 1: say no, we're not gonna be able to drive anywhere.
14:06
Speaker 1: Now forget about these gas but it will go broke.
14:08
Speaker 1: We won't have any spending money when we get to Orlando,
14:12
Speaker 1: let's say, because we're just gonna spend too much on
14:15
Speaker 1: gas or you just gonna say.
14:17
Speaker 2: It looks like relief is on the way.
14:20
Speaker 1: And with the first ceasefire, we saw gas prices dip
14:22
Speaker 1: down a little bit until I ran went crazy again.
14:24
Speaker 2: So that's what it is. It's a gamble.
14:28
Speaker 1: But I'm just telling you how I feel. It looks
14:29
Speaker 1: like looks like things are moving in the right direction.
14:33
Speaker 1: But that's just me who knows. And by the way,
14:36
Speaker 1: with all the complaints about high gas prices, and they
14:39
Speaker 1: are high, it sucks. I mean last night when I
14:41
Speaker 1: got gas at four twenty five, I felt grateful they
14:44
Speaker 1: actually went down, Like what if the ten cents or
14:46
Speaker 1: something like that. I'm filling my car up, and I said,
14:49
Speaker 1: I'm just such a sucker.
14:50
Speaker 2: I honest to god.
14:51
Speaker 1: It's like, I feel grateful for paying four twenty five
14:54
Speaker 1: a gallon, and I know other states. In California is ridiculous.
14:57
Speaker 1: I think I'm pretty sure on app overall it's over five,
15:01
Speaker 1: which is insane, and I totally get that. But despite
15:04
Speaker 1: all of these gas prices, I don't see a lot
15:07
Speaker 1: less traffic on the road to you where you live.
15:09
Speaker 1: I don't see a lot of people, you know, all
15:11
Speaker 1: of a sudden deciding to work from home because of
15:13
Speaker 1: four to twenty five or whatever a gallon. I haven't
15:16
Speaker 1: seen it. So that kind of tends to tell me.
15:18
Speaker 1: Memorial Day traffic coming up will be once again record
15:22
Speaker 1: breaking despite that, which once again tells me I'm not alone.
15:26
Speaker 1: I think most people are thinking that a deal will
15:28
Speaker 1: be made. That's what this China.
15:30
Speaker 2: Trip's all about. So, but who knows. We can't predict
15:33
Speaker 2: the future.
15:34
Speaker 1: You can just take the evidence of what we've seen
15:36
Speaker 1: so far with this trip and guess the future that
15:38
Speaker 1: it's a guess, that's all it is.
15:39
Speaker 2: But I think things are going to be good. Maybe
15:42
Speaker 2: just me, I don't know.
15:43
Speaker 1: Most importantly, it's Friday, speaking of weekends and driving and
15:46
Speaker 1: all that good stuff. Have a great weekend. I appreciate
15:48
Speaker 1: you so much. A little programming note, A lot of
15:51
Speaker 1: you have found the audio podcast and have downloaded or
15:54
Speaker 1: subscribed or whatever that is. Thank you so much for that.
15:56
Speaker 1: I really appreciate it. Just to let you know, It's
15:58
Speaker 1: on Apple Pods obviously like iHeart and the big ones there.
16:05
Speaker 1: My podcast platform is called Spreaker and it's on Spotify,
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16:10
Speaker 2: You can find it there, so thank you so much
16:12
Speaker 2: for doing that.
16:13
Speaker 1: And then live on the UH live stream Monday for Friday,
16:17
Speaker 1: eightym Eastern time usually around eight unless I'm late.
16:20
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16:21
Speaker 1: But the replay is always there at your leisure on
16:23
Speaker 1: x and YouTube and Facebook.
16:24
Speaker 2: It's Friday. We made it. Let's hope these gas prices
16:28
Speaker 2: go down.
16:28
Speaker 1: But again, read the tea leaves and what came out
16:31
Speaker 1: of that China trip.
16:31
Speaker 2: Yesterday might maybe good stuff.
16:34
Speaker 1: I don't know. I'm won't have to cancel a Memorial
16:36
Speaker 1: Day quite yet. I have a wicked, awesome weekend. I'll
16:38
Speaker 1: dolculate it.