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TRUMP PREDICTS VENEZUELA OIL BOOM, PRAISES LEADERSHIP IN DAVOS REMARKS
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00:00
Raising taxes on domestic producers, we're lowering them and raising tariffs on foreign
00:05
nations to pay for the damage that they've caused. Venezuela has been an amazing place for so many
00:14
years, but then they went bad with their policies. Twenty years ago it was a great country and now
00:19
it's got problems, but we're helping them. And those 50 million barrels, we're going to be
00:27
splitting up with them and they'll be making more money than they've made in a long time.
00:33
Venezuela is going to do fantastically well. We appreciate all of the cooperation we've
00:38
been giving. We've been given great cooperation. Once the attack ended, the attack ended and
00:45
they said, let's make a deal. More people should do that. But Venezuela is going to make more
00:52
money in the next six months than they've made in the last 20 years. Every major oil
00:58
company is coming in with us. It's amazing. It's a beautiful thing to see. The leadership
01:04
of the country has been very good. They've been very, very smart. And I said, no, no, you can't.
01:12
They came back two weeks and they didn't have the plan. They said, we thought you were kidding.
01:17
Because of my landslide election victory, the United States avoided the catastrophic energy
01:23
collapse which befell every European nation that pursued the Green News scam. Perhaps
01:30
the greatest hoax in history. The Green News scam, windmills all over the place, destroy
01:35
your land, destroy your land. Every time that goes around, you lose a thousand dollars. You're
01:42
supposed to make money with energy, not lose money. Anything you can do. I want, I want
01:47
Europe to do great. I want UK to do great. Sitting on one of the greatest energy sources
01:53
in the world. The United Kingdom produces just one third of the total energy from all sources
01:59
that it did in 1999. Think of that one third. And they're sitting on top of the North Sea,
02:06
one of the greatest reserves anywhere in the world. But they don't use it. And that's one
02:12
reason why their energy has reached catastrophically low levels with equally high prices. High prices,
02:19
very low levels. Think of that. One third. And you're sitting on top of the North Sea. And
02:24
they like to say, well, you know, that's depleted. It's not depleted. It's got 500 years. They
02:28
haven't even found the oil. The North Sea is incredible. They don't let anybody drill environmentally.
02:34
They don't let them drill anti-aircraft missiles went up. There was one that went up about 30 feet
02:41
and crashed down right next to the people that sent it. They said, what the hell is going on?
02:47
China makes almost all of the windmills. And yet I haven't been able to find any wind farms
02:54
in China. Did you ever think of that? That's a good way of looking at it. They're smart. China's
02:58
very smart. They make them. They sell them for a fortune. They sell them to the stupid people
03:03
that buy them. But they don't use them themselves. They put up a couple of big wind farms, but they
03:10
don't use them. They just put them up to show people what they could look like. They don't spin. They don't do
03:15
anything. They use the thing called coal mostly. China goes with the coal. They go with oil and
03:24
gas. They're starting to look at nuclear a little bit. And they're doing just fine.
03:30
A giant landslide won all seven swing states, won the popular vote, won everything. And they
03:38
only get naked. The United States cares greatly about the people of Europe. We really do. I mean,
03:44
look, I am derived from Europe, Scotland and Germany. 100% Scotland, my mother. 100% German, my
03:56
father. And we believe deeply in the bonds we share with Europe as a civilization. I want to see it do
04:04
great. That's why issues like energy trade, immigration and economic growth must be central concerns to
04:11
anyone who wants to see a strong and united West. They have to work on Ukraine. We don't. The United
04:20
States is very far away. We have a big, beautiful ocean separating us. We have nothing to do with it.
04:26
Until I came along. We're very much into the world of nuclear energy. And we can have it now at good
04:33
prices and very, very safe. And we're leading the world in AI by a lot. We're leading China by a lot. I
04:42
think President Xi respects what we've done in part because I've allowed these big companies building these
04:48
massive buildings to build their own electric capacity. They're building their own power plants, which
04:54
when added up is more than any country anywhere in the world is doing. Our leadership U.S. natural gas
05:01
production is at an all time high by far. U.S. oil production is up by 730,000 barrels a day. And last week we
05:11
and last week we picked up.
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