Latest / Wicked Radio with Bill Adams / 6-24: Gas Gouged! Trump Tells DOJ To Investigate Big Oil. Will It Lower Prices?

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6-24: Gas Gouged! Trump Tells DOJ To Investigate Big Oil. Will It Lower Prices? · Wicked Radio with Bill Adams

• 0:03
  Speaker 1: Rare these days, r any of us to see a
• 0:05
  Speaker 1: post or a statement from President Trump to have us
• 0:08
  Speaker 1: go that's hmm, that's a little bit different. I mean,
• 0:12
  Speaker 1: he'll say things that make you oh wow or great
• 0:14
  Speaker 1: or good or oh geez, whatever, but something that seems
• 0:18
  Speaker 1: like out of line for him a little bit. That's
• 0:20
  Speaker 1: why this one took me by a surprise. This morning,
• 0:23
  Speaker 1: I wake up and find an alert from Trump that
• 0:25
  Speaker 1: he posts. Has have to keep, you know, track of
• 0:27
  Speaker 1: all this stuff, obviously, because he's such a headline maker
• 0:31
  Speaker 1: where he threatens to sick the DOJ on big oil
• 0:35
  Speaker 1: companies because they're not lowering gases fast enough. First reaction,
• 0:39
  Speaker 1: you know, just waking up and he did I think
• 0:41
  Speaker 1: he posted this at like twelve h six am or
• 0:44
  Speaker 1: something like this. He was on a posting storm last night.
• 0:48
  Speaker 1: First reaction might have been the same thing you did,
• 0:49
  Speaker 1: You like, good, we need lower gas prices. And then
• 0:51
  Speaker 1: I thought, huh, this is this is different for him.
• 0:56
  Speaker 1: What do we know about this particular president he's got
• 0:59
  Speaker 1: to be I think he is. I think he is
• 1:01
  Speaker 1: the most free market president we've ever had because it
• 1:03
  Speaker 1: comes from the world of business. So for him to
• 1:05
  Speaker 1: want the Department of Justice to get involved with a
• 1:08
  Speaker 1: business element like the oil companies, even though we know
• 1:11
  Speaker 1: all about the oil companies. That's different even for him.
• 1:14
  Speaker 1: For him to be able to do that, I think
• 1:16
  Speaker 1: there's something actually to it, and they have been gouging us,
• 1:19
  Speaker 1: which seems to make sense. My takeaway is this, we
• 1:22
  Speaker 1: know how fast the gas prices can go up. Was
• 1:25
  Speaker 1: the last world conflict you had or anything else. You
• 1:27
  Speaker 1: drive to work the next morning, you're like, wow, gas
• 1:30
  Speaker 1: prices are rough forty cents. That happened quickly. The little
• 1:33
  Speaker 1: sign changers at local gas station got out there right quick,
• 1:35
  Speaker 1: didn't they. But boy, they slow to lower gas prices.
• 1:38
  Speaker 1: And he seems to be pretty ticked off about it. Anyway,
• 1:41
  Speaker 1: we'll get into it. Thanks for finding me, appreciate you
• 1:43
  Speaker 1: Wicked Radio livestream and podcast x YouTube, Facebook and the
• 1:47
  Speaker 1: replay there in the audio podcast posted shortly thereafter. Well,
• 1:51
  Speaker 1: let's get right to it. So here's the statement just
• 1:54
  Speaker 1: from the other day, I think it was the day
• 1:56
  Speaker 1: before yesterday. He was in Pennsylvania talking to the workers
• 1:59
  Speaker 1: at the Mack Truck Company. Right. It was a great,
• 2:01
  Speaker 1: great speech. You know how he is. He gets energized,
• 2:03
  Speaker 1: maybe that's why he was on a post storm last night.
• 2:05
  Speaker 1: He gets energized when he speaks to a crowd, loves
• 2:07
  Speaker 1: doing it. He's never gonna stop doing it, even when
• 2:09
  Speaker 1: he's out of office. And he was talking about this
• 2:11
  Speaker 1: very same issue. Of course, he's gonna talk about the
• 2:14
  Speaker 1: winds with Iran and the deal and it's getting hammered out.
• 2:17
  Speaker 1: It's it's gonna be good, but specifically about these oil prices,
• 2:20
  Speaker 1: which is what the American consumer, you, me, everybody else
• 2:23
  Speaker 1: is really concerned about. Right sure, world safety, but we're
• 2:27
  Speaker 1: all selfish. We have July fourth plans coming up right
• 2:29
  Speaker 1: around the corner. He addressed it. Here's what he said
• 2:32
  Speaker 1: just the day before yesterday.
• 2:33
  Speaker 2: The average price of gasoline nationwide is down sixty cents
• 2:37
  Speaker 2: a gallon just from a short while ago.
• 2:40
  Speaker 1: And remember this. Then he went into the you know,
• 2:46
  Speaker 1: security issue and all this sort of stuff, and he's
• 2:48
  Speaker 1: posted it after that as well, about the you know
• 2:51
  Speaker 1: prices of gas. Where are we right now? Let's just
• 2:53
  Speaker 1: let's just get a quick check. And I asked Rock
• 2:55
  Speaker 1: and I think chat GPT came up the exact same thing,
• 2:58
  Speaker 1: because they're both going by triple A for this. So
• 3:00
  Speaker 1: where are we right now as of this morning, unless
• 3:03
  Speaker 1: you're watching this or listening on a replay later on
• 3:05
  Speaker 1: in real time on Wednesday morning? What's the average price
• 3:09
  Speaker 1: for a gallon of gas? Regular gas throughout the country.
• 3:13
  Speaker 1: Every market's different. California always, you know, boost that average
• 3:16
  Speaker 1: way up ice. So it's three ninety three per gallon
• 3:19
  Speaker 1: right now for regular unleaded in the US. It was
• 3:23
  Speaker 1: three nine two six yesterday and has dropped from high
• 3:26
  Speaker 1: levels earlier this year. Prices vary by state. California obviously
• 3:30
  Speaker 1: the highest. It's five to six bucks and some you
• 3:31
  Speaker 1: know that that's pretty typical, right, that's the same thing.
• 3:33
  Speaker 1: So that's where we are right now. Why hasn't it
• 3:37
  Speaker 1: dropped then, if all of this oil is being released
• 3:42
  Speaker 1: as quickly as it is through the strait, if we
• 3:44
  Speaker 1: have this abundance of oil, because here's the here's the
• 3:47
  Speaker 1: video he attached to the post he actually just sent
• 3:52
  Speaker 1: out last night. This was fey.
• 3:53
  Speaker 2: We had nineteen barrels of oil, nineteen million barrels of
• 3:57
  Speaker 2: oil come off, and that's the biggest in the history
• 3:59
  Speaker 2: of the straight the harm most straight our sock market
• 4:04
  Speaker 2: is through the roof, and oil prices are tumbling. We
• 4:07
  Speaker 2: actually hit for a moment today. In fact, I think
• 4:09
  Speaker 2: it's gonna break it. Seventy dollars a barrel. That's lower
• 4:12
  Speaker 2: than we were when we started. And it's been amazing.
• 4:15
  Speaker 2: And the big thing is Iran will not have a
• 4:18
  Speaker 2: nuclear weapon.
• 4:20
  Speaker 1: Yeah, you gotta follow that up with why we're there
• 4:21
  Speaker 1: in the first place. Yes, national security for us, our kids,
• 4:24
  Speaker 1: our grandkids, all that other stuff. But in the meantime,
• 4:26
  Speaker 1: be kind of nice if we had some gas prices
• 4:28
  Speaker 1: there were actually reasonable again, right because they said, and
• 4:30
  Speaker 1: let's hold them accountable. They said from the get go,
• 4:33
  Speaker 1: it's gonna be Scott Bessent said this the Treasury Secretary
• 4:36
  Speaker 1: the entire time that he still says it short term
• 4:38
  Speaker 1: pain at the pump for long term gain. Well, according
• 4:42
  Speaker 1: to them, they've got this deal ironed out. Oil prices
• 4:44
  Speaker 1: per barrel are down to and it's right right about
• 4:47
  Speaker 1: now it is. He's just at a little above seventy
• 4:51
  Speaker 1: bucks a barrel. So that's interesting. Why isn't Why aren't
• 4:54
  Speaker 1: these prices dropping as fast? Well, let's see that we
• 4:58
  Speaker 1: all know this is never made sense. If there's any
• 5:01
  Speaker 1: element in consumer society, anything you spend money on it's
• 5:06
  Speaker 1: never made sense. The laws of supply and demand have
• 5:09
  Speaker 1: never made sense at the pump never ever. It just
• 5:12
  Speaker 1: doesn't make it. Just it's all based on speculation and
• 5:15
  Speaker 1: things that could happen, and this and that and oil
• 5:16
  Speaker 1: demand and the oil reserves and all this other crap. Right,
• 5:19
  Speaker 1: but it's true. And I'll go back to that example again.
• 5:21
  Speaker 1: Any world event that seemed really bad in twenty four
• 5:24
  Speaker 1: hours time will go up ten twenty cents a gallon.
• 5:28
  Speaker 1: And it's ridiculous. We've all seen it, We've all lived that.
• 5:30
  Speaker 1: You're like, well, that's guests at this station on the
• 5:34
  Speaker 1: corner every single day thirty cents higher than yesterday. What
• 5:37
  Speaker 1: the hell happened? Speculation is what happened. They sure can
• 5:40
  Speaker 1: raise prices quickly, why can't they lower it just as quickly?
• 5:44
  Speaker 1: And I think this is what he's getting to now.
• 5:46
  Speaker 1: Keep in mind, remember this is the free market president.
• 5:49
  Speaker 1: For him to do something is pretty extreme. My takeaway,
• 5:53
  Speaker 1: just trying to read the tea leaves in my opinion anyway,
• 5:56
  Speaker 1: is it this guy knows something's up in they are
• 5:57
  Speaker 1: playing Shenanigan's probably worse than the Ena had before. Let's
• 6:01
  Speaker 1: go to the post. I won't read the whole thing
• 6:03
  Speaker 1: on you. I wouldn't do that to you. But it's
• 6:05
  Speaker 1: essentially this again. At twelve six am, he was posting
• 6:10
  Speaker 1: about everything last night, the commie's getting elected in New
• 6:13
  Speaker 1: York State, everything else going on with the world. This,
• 6:17
  Speaker 1: but there's the big one in the big reaction. Tell
• 6:19
  Speaker 1: me this isn't a little bit different for the free
• 6:21
  Speaker 1: market guy. The big oil company's not drabbing their price
• 6:23
  Speaker 1: at the pump can commensurate with the sharply lower prices
• 6:26
  Speaker 1: they're paying for. Oil price is dripping like a rock.
• 6:30
  Speaker 1: And he goes on to say, in other words, customers
• 6:32
  Speaker 1: are being gouged. He used the G word. I've instructed
• 6:35
  Speaker 1: the DOJ to immediately start looking into this. This is different.
• 6:39
  Speaker 1: This is different for President Trump to involve the DOJ
• 6:42
  Speaker 1: into doing this. Now. Is it gonna happen, We don't know,
• 6:46
  Speaker 1: but it may be enough to hold them accountable. Gasoline
• 6:49
  Speaker 1: prices better start going down that faster than what I'm
• 6:51
  Speaker 1: seeing and signs it President DJT. Interesting with Trump if
• 6:55
  Speaker 1: you follow these truth social posts which always get retweeted
• 6:59
  Speaker 1: on x when he signs things, President DJT, he's dead
• 7:03
  Speaker 1: serious when he signs things that are kind of like comical,
• 7:06
  Speaker 1: or he's like calling somebody a new nickname. It's thank
• 7:08
  Speaker 1: you for your attention to this matter. When he signs it,
• 7:12
  Speaker 1: President DJT deadly serious about this? Is he capable? And
• 7:16
  Speaker 1: would he have our Department of Justice look into all
• 7:19
  Speaker 1: of these oil companies, many of them foreign based? Would
• 7:21
  Speaker 1: he could? He? Sure he could. Absolutely, It would be long,
• 7:25
  Speaker 1: it would be drawn out. It would be you know,
• 7:27
  Speaker 1: the head, their executives drawn in for questioning, and all
• 7:31
  Speaker 1: this other stuff before Congress and all this other crap.
• 7:34
  Speaker 1: But the threat of him, keep in mind what we
• 7:36
  Speaker 1: just came off of. This is a guy that threatened
• 7:38
  Speaker 1: Iran to shape up its act and stop murdering their
• 7:40
  Speaker 1: citizens and get rid of their nuclear weapons or we're
• 7:43
  Speaker 1: going to blow you to smithereens. And he came just
• 7:46
  Speaker 1: sure of doing that. Do you think the oil companies,
• 7:49
  Speaker 1: the executives are sitting there going he doesn't mean it, No,
• 7:53
  Speaker 1: they're not, because he means it. He's deadly serious to
• 7:55
  Speaker 1: do whatever is when the executive branches power to look
• 7:58
  Speaker 1: into this crap. So would he? Yeah? I think so? Yeah, absolutely.
• 8:03
  Speaker 1: But more important than that, this isn't really a message
• 8:08
  Speaker 1: about sicking the DOJ against the oil companies. I don't think.
• 8:12
  Speaker 1: I think what this is again one guy's opinion, But
• 8:16
  Speaker 1: we know a lot about how this guy operates now, right,
• 8:19
  Speaker 1: It's all about persuasion. I think this is a message
• 8:22
  Speaker 1: to the American people to say help is on the way,
• 8:25
  Speaker 1: and this is I think this is why we went
• 8:27
  Speaker 1: into Iran. That's what I think this is. Is it
• 8:30
  Speaker 1: going to lead into lower prices for your July fourth
• 8:32
  Speaker 1: travel trip? It very well could. We'll see. I mean,
• 8:36
  Speaker 1: we'll see if it actually happens. I'm gonna give you
• 8:39
  Speaker 1: my warning. It is my civic duty to tell you
• 8:41
  Speaker 1: how this is going to be portrayed in the media,
• 8:43
  Speaker 1: because just keeping an eye on this thing. Right before
• 8:45
  Speaker 1: I pressed the button for the live stream, it's already happening.
• 8:48
  Speaker 1: So the mainstream networks got a hold of this in
• 8:51
  Speaker 1: the tweet and they're all over it, obviously, right, and
• 8:53
  Speaker 1: they're mocking them it. To summarize not only of the
• 8:56
  Speaker 1: eclips for you on this, but to summarize this is
• 8:58
  Speaker 1: how they're portraying this thing. President Trump threatens legal action
• 9:04
  Speaker 1: against oil companies? Can he even do this? And then
• 9:07
  Speaker 1: they bring in their talking heads to say no, we
• 9:09
  Speaker 1: can't do that. Oh ridiculous. Now he's blaming the high
• 9:13
  Speaker 1: oil prices and the Iran war he caused on these
• 9:16
  Speaker 1: oil companies high. So that's their reaction. Keep in mind,
• 9:20
  Speaker 1: as always, as you know already, nobody needs to tell
• 9:23
  Speaker 1: you this, certainly not me. These are the same exact
• 9:25
  Speaker 1: people that have been complaining about oil prices for like
• 9:27
  Speaker 1: three months now. Just keep in mind. So here he
• 9:30
  Speaker 1: is trying to do something about it, about the shenaniganst
• 9:32
  Speaker 1: The oil companies have been playing on us for years,
• 9:34
  Speaker 1: and you have this now we're right? Is it? Is
• 9:38
  Speaker 1: there some of this, let's be honest, let's be big
• 9:40
  Speaker 1: boys and girls in the room. Is a lot of
• 9:41
  Speaker 1: this politically motivated because we're heading into let's not forget
• 9:45
  Speaker 1: not only July fourth travel holiday weekend, and boy Triple
• 9:48
  Speaker 1: A is about to come out with their yearly thing
• 9:51
  Speaker 1: where they always do. It's been the same for the
• 9:52
  Speaker 1: past fifteen twenty years. Record Hi car travel has expected
• 9:57
  Speaker 1: this despite the high gas prices. They say it every
• 10:00
  Speaker 1: single year. I think they copy and paste the same
• 10:02
  Speaker 1: headline every single year, what's coming, and it will be
• 10:05
  Speaker 1: they will be a record number of people traveling for
• 10:07
  Speaker 1: the July fourth holiday again this year, not only July fourth,
• 10:12
  Speaker 1: this is the July fourth America Independence Days. Of all
• 10:15
  Speaker 1: independence days, this is the big one, biggest one in
• 10:18
  Speaker 1: our lifetime unless you're old like me and you're around
• 10:21
  Speaker 1: for nineteen seventy six, it is, of course the two fifty.
• 10:25
  Speaker 1: Does President Trump want people complaining about high gas prices
• 10:29
  Speaker 1: still for America's two hundred and fiftieth birthday, which he
• 10:31
  Speaker 1: has psyched to oversee how many people travel in Washington,
• 10:35
  Speaker 1: d c. For that event? How many people going to
• 10:38
  Speaker 1: national parks? Right? Does he want that? And also, let's
• 10:41
  Speaker 1: not forget this, not that far, not that long after
• 10:45
  Speaker 1: July fourth Independence Day, for America's two hundred and fiftieth birthday,
• 10:50
  Speaker 1: We've got the midterms coming up. Does he want to
• 10:53
  Speaker 1: get ahead of this now and have lower gas prices
• 10:55
  Speaker 1: for all of his Trump back candidates heading into the midterms?
• 10:58
  Speaker 1: And does he want this to actually happen? Yes, yes
• 11:02
  Speaker 1: he does. There is a political element to this, obviously,
• 11:05
  Speaker 1: but there's also one more thing besides the persuasion. Wants
• 11:09
  Speaker 1: to get this going, want to be good for the midterms,
• 11:12
  Speaker 1: good for average Americans. It seals the deal, on the
• 11:15
  Speaker 1: Iran deal, and it settles the question once and for
• 11:17
  Speaker 1: all why we're there. There's one more element in this
• 11:21
  Speaker 1: entire thing on why we would want gas prices lower
• 11:24
  Speaker 1: for this particular time period in time, because we've got
• 11:31
  Speaker 1: also holiday travel coming up for the rest of the year.
• 11:33
  Speaker 1: And he seals the deal and he can tell the
• 11:35
  Speaker 1: American public once and for all. This is why this
• 11:38
  Speaker 1: message went out once and for all, as this was
• 11:41
  Speaker 1: the victory in Iran. The average person, let's just face it,
• 11:44
  Speaker 1: they're not gonna look at this deal and say, hey,
• 11:47
  Speaker 1: we look at that. We got them to agree to
• 11:50
  Speaker 1: inspectors to look at their nuclear dust for the next
• 11:53
  Speaker 1: hundred years. Average Joe and Jane ain't gonna be talking
• 11:56
  Speaker 1: about that. They're just not. They're not. What are they
• 11:59
  Speaker 1: going to do? What's the average over here? A conversation
• 12:02
  Speaker 1: at lunch at some cafe or even a bar or
• 12:06
  Speaker 1: whatever it is. What are people gonna say? How are
• 12:08
  Speaker 1: they gonna connect Iran and success? Yeah, the gas prices
• 12:12
  Speaker 1: are lowest they've ever been. What if they go down?
• 12:15
  Speaker 1: What if they go below three bucks a gallon? It's
• 12:18
  Speaker 1: not out of the realm of possibility. If it's true,
• 12:20
  Speaker 1: and they're saying that all this oil is flown back
• 12:22
  Speaker 1: and we've got all these reserves and this abundance of
• 12:24
  Speaker 1: oil and it's all based on speculation. It's not a
• 12:27
  Speaker 1: crazy thought to say it's under three bucks a gallon.
• 12:30
  Speaker 1: What's the average American gonna say? And it'll even be
• 12:32
  Speaker 1: deniable for Trump haters. Wow, gas prices are way better.
• 12:36
  Speaker 1: Not gonna hear that on CNN, not gonna hear it
• 12:38
  Speaker 1: on NBC. But the average person is gonna say, is
• 12:41
  Speaker 1: gonna look at the Iran thing, and they're not gonna
• 12:43
  Speaker 1: think about nuclear safety. They're not gonna think about, you know,
• 12:46
  Speaker 1: protecting our allies. They're not gonna think about the safety
• 12:50
  Speaker 1: of your kids or grandkids in the future, going getting
• 12:53
  Speaker 1: rid of the world's biggest sponsor of terror. They're gonna
• 12:55
  Speaker 1: look at the Iran deal and got to tie that
• 12:57
  Speaker 1: to I could afford to drive on a vacation. Again,
• 13:00
  Speaker 1: that's just the way we are where where like we
• 13:03
  Speaker 1: have add when it comes to news stories, how does
• 13:05
  Speaker 1: it affect us directly in our wallet or a pocketbook
• 13:08
  Speaker 1: and what's going on with the story, That's how we're
• 13:10
  Speaker 1: going to see it. So the final thing and he's
• 13:13
  Speaker 1: very confident too that everything is going to work out
• 13:16
  Speaker 1: with this Iran deal, but he's selling it to the
• 13:19
  Speaker 1: American people, I think in the form of lower gas
• 13:22
  Speaker 1: prisis that's why he's making this threat to sick the
• 13:24
  Speaker 1: DOJ on him to investigate all these shenanigans, which is
• 13:27
  Speaker 1: actually pretty cool. I enjoy the hell out of it.
• 13:30
  Speaker 1: But again, remember this, there is the big takeaway on
• 13:32
  Speaker 1: this for this guy, the most free market president we've
• 13:35
  Speaker 1: ever had, to even hint of getting legal action using
• 13:39
  Speaker 1: the government, the biggest portion of the government, to investigate
• 13:43
  Speaker 1: you know, private industry. He could, but does he actually
• 13:48
  Speaker 1: want to do that unless he knows that they are
• 13:51
  Speaker 1: playing shenanigans on us. No, he knows something's up. So
• 13:56
  Speaker 1: if I was to bet on this, and I think
• 13:58
  Speaker 1: a lot of people are obviously in the stock market,
• 14:00
  Speaker 1: you're four oh one k it's probably gonna work. It
• 14:03
  Speaker 1: probably is going to hold these oil companies accountable, and
• 14:06
  Speaker 1: I hope it does because we've all been gouging for years.
• 14:10
  Speaker 1: They can sure raise him fast, but it's they're really
• 14:12
  Speaker 1: slow to lower them. So maybe, but remember this, as
• 14:16
  Speaker 1: they go forward, the media is going to tell you
• 14:18
  Speaker 1: that he's blaming oil companies for a failure in Iran.
• 14:22
  Speaker 1: That's how they're going to pose this thing. But he's
• 14:25
  Speaker 1: selling this to connect the win in Iran with gas
• 14:29
  Speaker 1: maybe potentially under three bucks. And if he does so,
• 14:32
  Speaker 1: what we all win? Don't we want that? I'll take
• 14:36
  Speaker 1: it anyway. We'll see keep an eye on that. Interesting.
• 14:39
  Speaker 1: No different kind of post from him. Not a lot
• 14:42
  Speaker 1: of information from him surprises me anyway or you, but
• 14:46
  Speaker 1: that was a different one. It's never a dull moment,
• 14:49
  Speaker 1: So hanging out with me, let's hope for lower gas prices.
• 14:51
  Speaker 1: Maybe it'll happen by today. I doubt it, but we'll
• 14:53
  Speaker 1: see extually. Hanging out. Appreciate you. Audio podcast listeners. Show
• 14:57
  Speaker 1: is posted right after we get off the live stream,
• 15:00
  Speaker 1: usually around nine am Eastern time, and it's there for
• 15:02
  Speaker 1: you forever, and then the replay on x and YouTube
• 15:04
  Speaker 1: and Facebook, and we're live for the live stream on
• 15:06
  Speaker 1: those same channels aight am Eastern time every single day,
• 15:09
  Speaker 1: Monday through Friday. Thanks for hanging out with me. I
• 15:11
  Speaker 1: appreciate you. I'll talk to you later.