Latest / Wicked Radio with Bill Adams / 8-31: Venezuelan Oil Deal: One Big Reason Why We May Win At The Pump

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8-31: Venezuelan Oil Deal: One Big Reason Why We May Win At The Pump · Wicked Radio with Bill Adams

• 0:03
  Speaker 1: There's one of those stories that broke over the weekend
• 0:05
  Speaker 1: that might have been one ear and out the other
• 0:07
  Speaker 1: because you hear a big oil deal, Venezuela, oil, oil companies, refineries,
• 0:12
  Speaker 1: and you're like, ah, I'm on my weekend time. This
• 0:15
  Speaker 1: is just too much. Find out what later. And what
• 0:18
  Speaker 1: have we been trained our whole lives to hear? You
• 0:20
  Speaker 1: hear oil deal. You hear, oh, great, big oil executives
• 0:23
  Speaker 1: are going to benefit. Doesn't mean a hill of beans
• 0:25
  Speaker 1: to me. Doesn't mean anything. I think this one's a
• 0:28
  Speaker 1: little bit different. In fact, I know this one's a
• 0:29
  Speaker 1: little bit different because of what was announced yesterday. after
• 0:33
  Speaker 1: the deal and the meeting that actually takes place tomorrow
• 0:36
  Speaker 1: with those same oil executives I just mentioned, because for
• 0:39
  Speaker 1: lack of a better term, and please excuse my French,
• 0:42
  Speaker 1: this is your president telling these oil executives, cut the shit.
• 0:47
  Speaker 1: After this deal with Venezuela, they have no more excuses
• 0:52
  Speaker 1: to keep these oil prices as high as they have been.
• 0:54
  Speaker 1: Is their politics part of this because of the midterms
• 0:56
  Speaker 1: are coming up? Absolutely.
• 0:58
  Speaker 2: Oh, of course.
• 0:59
  Speaker 1: But if we benefit, who cares? And there's a lot
• 1:03
  Speaker 1: in it for us. This is what we should do
• 1:05
  Speaker 1: as an American consumer, as a taxpayer, as a voter,
• 1:07
  Speaker 1: as a citizen. What's in it for me is the
• 1:10
  Speaker 1: question you should always ask. Turns out with this one,
• 1:13
  Speaker 1: there's a lot. It's good news. Anyway, let's get to it.
• 1:16
  Speaker 1: I hope you had a great weekend, by the way.
• 1:18
  Speaker 1: And we're paying too much attention to this stuff. Welcome
• 1:20
  Speaker 1: to the Wicked Radio livestream and replay. Ex-YouTube, Facebook, and
• 1:23
  Speaker 1: the Complete Audio podcast uploaded minutes after the livestream. Let's
• 1:28
  Speaker 1: go to the source, shall we? And the source, now
• 1:30
  Speaker 1: I love this. And we're not going to have this forever.
• 1:34
  Speaker 1: We're not going to have the actual president. Whoever comes
• 1:36
  Speaker 1: in after Trump and then after that is not going
• 1:38
  Speaker 1: to be the guy breaking news. I kind of like
• 1:41
  Speaker 1: when Trump does it because you get it right from
• 1:43
  Speaker 1: the source of what's happening here. And this one's a
• 1:45
  Speaker 1: little bit different. For some background and some context, one
• 1:48
  Speaker 1: of those things you may not pay attention to, and
• 1:50
  Speaker 1: who could blame you? You're busy with your life, so
• 1:52
  Speaker 1: am I. On Friday, before this deal was announced, Trump
• 1:56
  Speaker 1: was meeting at the White House with those very same
• 1:58
  Speaker 1: oil executives, okay? Now, this is basically him telling them,
• 2:03
  Speaker 1: don't leave town, boys. Might have something to announce tomorrow.
• 2:06
  Speaker 1: And by the way, we're going to meet on Tuesday again,
• 2:07
  Speaker 1: and we're going to talk about these oil prices. More
• 2:10
  Speaker 1: on that in a second. But here was the announcement
• 2:11
  Speaker 1: that kicked off the entire thing. This was, again, I
• 2:14
  Speaker 1: won't do my bad Trump impression the entire thing. I
• 2:17
  Speaker 1: wouldn't do that to you. But still, this is him
• 2:19
  Speaker 1: breaking the news before any news sources got a hold
• 2:22
  Speaker 1: of it. Breaking news, the United States of America has
• 2:24
  Speaker 1: just entered into an agreement with the country of Venezuela oil.
• 2:27
  Speaker 1: The biggest deal in the history at my direction, Secretary
• 2:30
  Speaker 1: of State Marco Rubio, Secretary of War Pete Hegseth, all
• 2:34
  Speaker 1: of them involved, working closely with highly respected interim president
• 2:39
  Speaker 1: of Venezuela, Delcy Rodriguez, and through a partnership with private
• 2:43
  Speaker 1: business have secured majority U.S. control of more than 65
• 2:48
  Speaker 1: billion barrels of proven oil reserves. Then he goes on
• 2:51
  Speaker 1: to Trumpisms where he talks about, you know, which he
• 2:54
  Speaker 1: said before, I could run for president of Venezuela. I
• 2:56
  Speaker 1: could run tomorrow. I'll learn the language. of course he
• 3:00
  Speaker 1: also said this he wasn't done putting this out breaking
• 3:04
  Speaker 1: trump news on truth social he said one of the
• 3:06
  Speaker 1: things i'm going to do with the venezuelan oil is
• 3:08
  Speaker 1: to fill up the strategic national reserves which because of
• 3:11
  Speaker 1: sleepy joe biden has been virtually emptied that's another piece
• 3:16
  Speaker 1: of good news but still we're still at that point
• 3:17
  Speaker 1: now we're here about 65 billion oil barrels of oil
• 3:20
  Speaker 1: we like this new president what what does it all
• 3:23
  Speaker 1: mean what does it all mean for all of us
• 3:26
  Speaker 1: well Let's go to just this morning. I happen to
• 3:29
  Speaker 1: have on in the background as I'm getting ready for
• 3:30
  Speaker 1: the podcast. I happen to have on Fox News. Kilmeade
• 3:34
  Speaker 1: is on there, Brian Kilmeade. And I thought he did
• 3:35
  Speaker 1: a pretty good job about breaking it down in the
• 3:37
  Speaker 1: numbers and trying to extrapolate all this stuff and what
• 3:39
  Speaker 1: it actually means before we get to the real deal
• 3:42
  Speaker 1: and what it means for you and me and American
• 3:43
  Speaker 1: consumers and these gas prices ahead of midterms as well.
• 3:46
  Speaker 1: Here's Kilmeade talking about some of the numbers.
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  Speaker 2: It's like we're going to get a shot at the
• 3:51
  Speaker 2: greatest oil reserves in the world. They're going to develop
• 3:54
  Speaker 2: 17 strategic fields. A lot of people think there's even
• 3:57
  Speaker 2: more fields out there potentially, but they couldn't explore, let
• 4:00
  Speaker 2: alone extract, because of the socialism, communism that took over there.
• 4:04
  Speaker 2: production target of 1.5 million barrels a day. Keep in mind,
• 4:08
  Speaker 2: we're putting out millions of barrels a day, but Venezuela
• 4:11
  Speaker 2: is now essentially going to be ours. But it's not
• 4:14
  Speaker 2: like the Venezuelan people aren't going to benefit. They do
• 4:16
  Speaker 2: not have the infrastructure to benefit from this. They're going
• 4:19
  Speaker 2: to have the Americans being able to extract and hit
• 4:21
  Speaker 2: maximum capacity, and they're going to get a stream.
• 4:23
  Speaker 1: Of revenue as well. All right, so they get a
• 4:25
  Speaker 1: stream of revenue, and this all goes back to, you
• 4:27
  Speaker 1: don't have to get too involved with this, but when
• 4:29
  Speaker 1: we took out Maduro, the previous communist... They put in
• 4:31
  Speaker 1: this new communist-like president that we're apparently dealing with and
• 4:34
  Speaker 1: working with. That's a good thing, too, but that's neither
• 4:37
  Speaker 1: here nor there. So it sounds like they're really going
• 4:38
  Speaker 1: to benefit from this whole thing. Sounds like the country
• 4:40
  Speaker 1: of Venezuela, there's got to be something in it for them, too.
• 4:43
  Speaker 1: So they're going to get infrastructure. The technical ability to
• 4:46
  Speaker 1: actually get this out of the ground, which means money
• 4:48
  Speaker 1: will stay over there. Marco Rubio was all over TV
• 4:51
  Speaker 1: this weekend saying, this is a great deal for the
• 4:53
  Speaker 1: Venezuelan people. It'll give them the resources they never had before.
• 4:58
  Speaker 1: All right, great. Well... Here's more good news for those people.
• 5:02
  Speaker 1: We haven't gotten into the part where it's good for
• 5:04
  Speaker 1: us yet. When does it get good for us? Well,
• 5:06
  Speaker 1: first of all, let's hear from that Venezuelan president, which,
• 5:09
  Speaker 1: by the way, there's all kinds of criticism of her,
• 5:11
  Speaker 1: by the way. Everybody's all upset. The Venezuelans are all upset.
• 5:14
  Speaker 1: We're making deals with Maduro's right-hand woman. How can we
• 5:18
  Speaker 1: do this? Again, keep in mind, what's the question to ask?
• 5:21
  Speaker 1: What's in it for us? Well, this is through a translator.
• 5:24
  Speaker 1: This is her touting this deal for them. This 25-year
• 5:28
  Speaker 1: bilateral project envisages... the development of 17 strategic oil fields
• 5:32
  Speaker 1: with a production target of more than 1.5 million barrels
• 5:36
  Speaker 1: per day.
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  Speaker 3: She went on to explain that Venezuela will contribute the
• 5:39
  Speaker 3: oil industry and the U.S. will contribute the capital and technology.
• 5:43
  Speaker 1: Capital, technology, all this stuff before. As you heard Kilmeade
• 5:46
  Speaker 1: say very well, by the way, they couldn't do it
• 5:48
  Speaker 1: before because of communism, because it never works, because they
• 5:52
  Speaker 1: couldn't actually do it, because it was a defunct nation
• 5:55
  Speaker 1: and still basically is. But this is really going to help.
• 5:58
  Speaker 1: What's a better way to make friends in the world
• 6:01
  Speaker 1: with a giant population and a potentially giant economy than
• 6:04
  Speaker 1: to give them an opportunity to pump a lot of
• 6:07
  Speaker 1: money into their economy? It's great for them. Then you
• 6:09
  Speaker 1: have a friend in South America. Again, what's in it
• 6:13
  Speaker 1: for us? This is what's in it for us, and
• 6:15
  Speaker 1: this is what it all comes down to, is what's
• 6:17
  Speaker 1: going to happen tomorrow. That would be Tuesday, if you're
• 6:20
  Speaker 1: listening or watching later on. This is the most important
• 6:23
  Speaker 1: part of the entire freaking story.
• 6:25
  Speaker 3: He attempted to meet with U.S. oil refining executives on
• 6:29
  Speaker 3: Tuesday in an effort to try to continue to bring
• 6:31
  Speaker 3: down costs. It comes as he celebrates what he is
• 6:33
  Speaker 3: calling one of the biggest historic deals in oil, again,
• 6:37
  Speaker 3: in history. So this was on Friday.
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  Speaker 1: Ah, that's what's in it for us, everybody. Remember I
• 6:43
  Speaker 1: was telling you about those oil executives that were actually
• 6:45
  Speaker 1: in town at the White House? They were there at
• 6:47
  Speaker 1: the roundtable. They were in the Oval Office. He had
• 6:49
  Speaker 1: a press conference with them. They were there Friday, those
• 6:51
  Speaker 1: same oil executives. Trump telling them, don't go too far.
• 6:55
  Speaker 1: I've got to bring it back on Tuesday, and we're
• 6:57
  Speaker 1: going to talk about these oil prices. Here's what they did.
• 6:59
  Speaker 1: Part of what he said was, and this was brilliant,
• 7:01
  Speaker 1: part of what he said was on Friday, he asked them,
• 7:03
  Speaker 1: and I love that they do this. They have these
• 7:06
  Speaker 1: open table, televised, recorded roundtable discussions with whoever, whatever business
• 7:11
  Speaker 1: industry leaders he brings into the White House. One of
• 7:13
  Speaker 1: the questions he asked them was, how quickly could you
• 7:16
  Speaker 1: actually get into Venezuela if potentially we ever made a
• 7:19
  Speaker 1: deal with them? They did the next day. and had
• 7:22
  Speaker 1: access to these oil reserves. One of the guys, I
• 7:24
  Speaker 1: don't know which oil company he came from, he said, well, sure,
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  Speaker 1: I think we could be in there and start pumping
• 7:29
  Speaker 1: oil and filling up the reserves within 10 days. Interesting.
• 7:34
  Speaker 1: The next day, now 24 hours later, he announces on
• 7:38
  Speaker 1: Truth Social, as you heard, this giant deal with Venezuela,
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  Speaker 1: so it's coming. Okay, so you said you could do it.
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  Speaker 1: He brings these guys back in tomorrow, for a big meeting.
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  Speaker 1: And this is where it benefits you and me and
• 7:51
  Speaker 1: everybody else. Now, the criticism is already out there. It's
• 7:54
  Speaker 1: already all the talking heads are all over CNN and
• 7:57
  Speaker 1: MSNL already. He's simply doing this for the midterms. And
• 8:00
  Speaker 1: my question to you, my friends, is so freaking what?
• 8:04
  Speaker 1: This is where if you want to play politics, we
• 8:07
  Speaker 1: benefit again because these gas prices are insane. As we
• 8:10
  Speaker 1: all know, they're ridiculous. They should have come down months ago.
• 8:13
  Speaker 1: They didn't. But now they're going to. If they don't,
• 8:17
  Speaker 1: you have every right to criticize him, and this was
• 8:19
  Speaker 1: a failed effort, and this was a big boondoggle. But
• 8:22
  Speaker 1: don't you think if he brings in all of those
• 8:24
  Speaker 1: oil executives, American oil executives, and says, essentially, you have
• 8:30
  Speaker 1: no more excuses to keep these oil prices up. You
• 8:33
  Speaker 1: have absolutely no idea. With that kind of pressure on
• 8:36
  Speaker 1: them to publicly say this, and I would imagine tomorrow
• 8:39
  Speaker 1: is going to be the same exact thing, where it's
• 8:41
  Speaker 1: going to be a videotaped or televised meeting with these
• 8:46
  Speaker 1: oil executives, and then he'll bring them out again in
• 8:48
  Speaker 1: front of the podium. He'll have them in the oil office.
• 8:51
  Speaker 1: It's perfect. The Oval Office. And he'll actually say and
• 8:54
  Speaker 1: hold them accountable and say, all right, so this means
• 8:59
  Speaker 1: from here on out, better gas prices, right?
• 9:02
  Speaker 2: Right.
• 9:02
  Speaker 1: Okay. Fantastic. Good. Put the pressure on them. This is
• 9:07
  Speaker 1: where it benefits everything, and this is why this is
• 9:09
  Speaker 1: so important. Those oil prices affect everything. Go to your
• 9:14
  Speaker 1: local grocery store. Mine happens to be Publix. You ask
• 9:16
  Speaker 1: any manager, you ask any executive, ask any, no matter
• 9:19
  Speaker 1: what the grocery store is in your region, your favorite
• 9:22
  Speaker 1: grocery store, why are your prices so high? This is insane. Well,
• 9:25
  Speaker 1: it costs the truckers a lot and they have to
• 9:27
  Speaker 1: pay more for the gas and we're paying the overhead
• 9:29
  Speaker 1: and this and that. All comes down to oil prices
• 9:32
  Speaker 1: and energy prices. Everything, everything does affect American life. If
• 9:37
  Speaker 1: this goes down, I don't care whether it's before the
• 9:40
  Speaker 1: midterms or not. Everybody benefits from this. This is where
• 9:44
  Speaker 1: this is going to be fantastic. So this is a
• 9:46
  Speaker 1: good deal. This is a good deal. And even if
• 9:50
  Speaker 1: he gets all kinds of pushback from these American oil executives,
• 9:53
  Speaker 1: they're not going to be able to push back much further.
• 9:55
  Speaker 1: They're not going to be able to. Because you know
• 9:57
  Speaker 1: that this just isn't supposed and demand. You know it's not.
• 10:02
  Speaker 1: This takes away the excuse for every big oil company
• 10:06
  Speaker 1: in the world to keep these prices so high. This
• 10:10
  Speaker 1: is where we benefit. Well, there's a lot more, Bill,
• 10:13
  Speaker 1: that goes into the oil prices and the market index,
• 10:16
  Speaker 1: and it's all speculation and the reserves and what's here, what... Gotcha, right.
• 10:21
  Speaker 1: Here's what we care about. How much does it cost
• 10:25
  Speaker 1: to fill up the minivan or the F-150 or 250,
• 10:29
  Speaker 1: whatever the hell it costs, whatever car you have, unless
• 10:32
  Speaker 1: you have an electric vehicle, which that's affected by oil
• 10:35
  Speaker 1: prices too, believe it or not. How much does it
• 10:37
  Speaker 1: cost to fill it up and take the kids to
• 10:39
  Speaker 1: the travel baseball game this weekend? How much does it
• 10:42
  Speaker 1: cost to have that late summer, early fall road trip
• 10:45
  Speaker 1: as you're trying to plan for your Christmas vacation? How
• 10:47
  Speaker 1: much does that kind of cost? How much? If these
• 10:49
  Speaker 1: oil prices go down, then you should bring in the
• 10:51
  Speaker 1: airline executives and bring that down as well. That's the
• 10:54
  Speaker 1: only thing that matters to us. Well, the American people
• 10:57
  Speaker 1: don't understand. Oh, yes, we do. We absolutely do. We
• 10:59
  Speaker 1: know enough to know that if you leverage these oil
• 11:02
  Speaker 1: executives and you tell them there's no more excuses, which
• 11:04
  Speaker 1: is exactly what he's going to do with this oil deal,
• 11:07
  Speaker 1: that's exactly what's going to happen tomorrow, and you put
• 11:09
  Speaker 1: them on the record publicly to commit to lowering these
• 11:13
  Speaker 1: gas prices, then we're all going to win. And here's
• 11:16
  Speaker 1: the other big thing, too. This is a little bit
• 11:17
  Speaker 1: more This is where Marco Rubio steps in. This is
• 11:21
  Speaker 1: his big deal, and probably Pete Hegzith as well. If
• 11:25
  Speaker 1: Venezuela was begging for a deal, you can turn on
• 11:28
  Speaker 1: Fox or CNN or MSNBC, whatever the hell they call
• 11:33
  Speaker 1: themselves now these days, and it's clear as day, if
• 11:37
  Speaker 1: it wasn't us, it was going to be China making
• 11:40
  Speaker 1: this deal. Venezuela was begging for a deal. They have
• 11:44
  Speaker 1: all these reserves. They finally opened it up a little bit.
• 11:47
  Speaker 1: more with our help to knock off maduro to open
• 11:49
  Speaker 1: up the possibility for a deal like this why are
• 11:52
  Speaker 1: we going into venezuela are we trying to take over
• 11:54
  Speaker 1: a country no you would have had china taking over
• 11:57
  Speaker 1: this oil deal if it wasn't us this is why
• 11:59
  Speaker 1: when anyone when anybody criticizes this thing you see it
• 12:02
  Speaker 1: on tv or your your internet stream today or in
• 12:05
  Speaker 1: your personal life tell them exactly that oh and now
• 12:08
  Speaker 1: we're now we're taking venezuela's oil and you'll hear something
• 12:11
  Speaker 1: that stupid they'll say would you rather have china have
• 12:13
  Speaker 1: it that's your response to that it's a good deal
• 12:17
  Speaker 1: Always ask, what's in it for me? What's in it
• 12:19
  Speaker 1: for us? Selfishly speaking, as an American consumer, this is
• 12:23
  Speaker 1: going to be great. Either way. And if it's not,
• 12:26
  Speaker 1: and if this falls apart, you have every single right
• 12:28
  Speaker 1: to criticize President Trump, this entire administration, all those oil executives.
• 12:32
  Speaker 1: If gas prices somehow, someway still go up after this
• 12:35
  Speaker 1: in the fall and heading towards the Christmas holiday, sure.
• 12:39
  Speaker 1: Then you can call that a failure. But this is
• 12:42
  Speaker 1: not like anything we've seen. Plus the added benefit of
• 12:45
  Speaker 1: filling up those oil reserves. Okay. All right. We'll see.
• 12:51
  Speaker 1: But now we have no more excuses for them not
• 12:53
  Speaker 1: to lower these prices. Is there politics involved with this?
• 12:57
  Speaker 1: Like maybe this wouldn't have gotten done if we weren't
• 12:59
  Speaker 1: so close to the midterms? Sure. Because you know what
• 13:03
  Speaker 1: the Democrat strategy is going to be. They have already
• 13:05
  Speaker 1: started it. They're going to hammer every single Republican in
• 13:08
  Speaker 1: every single race on affordability. The big A word, affordability.
• 13:12
  Speaker 1: And they should. They should hold them accountable for that.
• 13:15
  Speaker 1: Things are still too expensive. Things are still not affordable.
• 13:18
  Speaker 1: Gas is still too high. Well, here's your response then.
• 13:22
  Speaker 1: And this is where them, the suits on TV and
• 13:27
  Speaker 1: the politicians in Washington and everywhere else playing politics, good.
• 13:31
  Speaker 1: This will benefit us. And this doesn't come from, this
• 13:33
  Speaker 1: doesn't happen unless there were enough Americans actually putting pressure on, yes,
• 13:37
  Speaker 1: your favorite administration as well to make sure that this
• 13:39
  Speaker 1: deal got done. This is good. This is a good thing.
• 13:42
  Speaker 1: There's a lot in it for us. So hopefully. And
• 13:46
  Speaker 1: I'm looking forward to that thing tomorrow. Hold these oil
• 13:49
  Speaker 1: companies and executives accountable by name if you have to.
• 13:53
  Speaker 1: This is where rotten, petty Trump, where he name calls,
• 13:56
  Speaker 1: has great benefit for us. He's great friends with these
• 14:01
  Speaker 1: oil executives, but call them out by name if they
• 14:02
  Speaker 1: give you any pushback. It would be fantastic because we
• 14:05
  Speaker 1: need lower gas prices. Enough is enough. All right, thanks
• 14:08
  Speaker 1: for hanging out with me. I appreciate you. That's enough
• 14:10
  Speaker 1: for a Monday. Get into your work week. Make it
• 14:12
  Speaker 1: a wicked awesome work week. The live stream, 8 a.m.
• 14:15
  Speaker 1: Eastern time on X and YouTube and Facebook, and then
• 14:17
  Speaker 1: replay on those same channels and clips from the show
• 14:20
  Speaker 1: as well. More importantly, the complete audio podcast, the complete
• 14:23
  Speaker 1: episode of Wicked Radio, uploaded to your favorite podcast platforms
• 14:28
  Speaker 1: right after we get off the live stream, which will
• 14:30
  Speaker 1: be in a couple of minutes right here. And thanks
• 14:33
  Speaker 1: for all the follows, by the way. I appreciate you
• 14:34
  Speaker 1: so much. All right, make it a wicked awesome Monday.
• 14:37
  Speaker 1: Watch out for these oil prices. Gas prices are coming down,
• 14:40
  Speaker 1: I hope. Talk to you tomorrow.