00:00Actually, since my last administration, we got it down to around those numbers.
00:04I've signed an order directing an approval of many new nuclear reactors.
00:10We're going heavy into nuclear.
00:12I was not a big fan because I didn't like the risk, the danger.
00:17But the progress they've made with nuclear is unbelievable.
00:21And the safety progress they've made is incredible.
00:24We're very much into the world of nuclear energy.
00:27And we can have it now at good prices and very, very safe.
00:32And we're leading the world in AI by a lot.
00:37We're leading China by a lot.
00:39I think President Xi respects what we've done, in part because I've allowed these big companies
00:44building these massive buildings to build their own electric capacity.
00:48They're building their own power plants, which, when added up, is more than any country anywhere in the world is doing.
00:56I read recently an article on the Wall Street Channel that China's creating so much energy.
01:01And they are.
01:01I've got to hand it to them.
01:03But we're creating as much or more.
01:05And we're letting them do that.
01:07I'm very proud of it.
01:08It was my idea.
01:10I said, you can't create this much energy.
01:12We needed more than double the energy currently in the country just to take care of the AI plants.
01:19And I said, we can't do that.
01:20We have an old grid system.
01:21And I came up with the idea, you know, you people are brilliant.
01:25You have a lot of money.
01:27Let's see what you can do.
01:28You can build your own electric generating plants.
01:32And they looked at me.
01:33They didn't believe me.
01:34All of the names that are, I think, in the room right now, if you want to know the truth, they didn't believe it.
01:40And I said, no, no, you can't.
01:42They came back two weeks and they didn't have the plant.
01:44They said, we thought you were kidding.
01:46I said, no, not only am I not kidding, you're going to have your approvals within two weeks.
01:51I always say nuclear will take three weeks.
01:56But most are ongoing that they're going oil and gas.
01:58They're even going coal in some cases.
02:01Because of my landslide election victory, the United States avoided the catastrophic energy collapse,
02:08which befell every European nation that pursued the Green New Scam, perhaps the greatest hoax in history.
02:17The Green New Scam, windmills all over the place, destroy your land, destroy your land.
02:22Every time that goes around, you lose $1,000.
02:26You're supposed to make money with energy, not lose money.
02:29Here in Europe, we've seen the fate that the radical left tried to impose on America.
02:37They tried very hard.
02:39Germany now generates 22% less electricity than it did in 2017.
02:45And it's not the current chancellor's fault.
02:49He's solving the problem.
02:51He's going to do a great job.
02:53But what they did before he got there, I guess that's why he got there.
02:56And electricity prices are 64% higher.
03:03The United Kingdom produces just one-third of the total energy from all sources that it did in 1999.
03:09Think of that, one-third.
03:11And they're sitting on top of the North Sea, one of the greatest reserves anywhere in the world.
03:18But they don't use it.
03:19And that's one reason why their energy has reached catastrophically low levels with equally high prices.
03:27High prices, very low levels.
03:29Think of that, one-third.
03:31And you're sitting on top of the North Sea.
03:33And they like to say, well, you know, that's depleted.
03:35It's not depleted.
03:35It's got 500 years.
03:37They haven't even found the oil.
03:38The North Sea is incredible.
03:40They don't let anybody drill.
03:43Environmentally, they don't let them drill.
03:44They make it impossible for the oil companies to go.
03:47They take 92% of the revenues.
03:51So the oil companies say, we can't do it.
03:54They came to see me.
03:55Is there anything you can do?
03:57I want Europe to do great.
03:59I want UK to do great.
04:01Sitting on one of the greatest energy sources.
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