00:00Cuba's in a lot of trouble because, unfortunately for them, it's run by a bunch of incompetent communists.
00:05Being communist is bad. Being an incompetent communist is like the worst.
00:10But the country's been taken over by this company called Gaisa that basically controls 70% of the economy.
00:16None of the money in that company goes to help the Cuban people. None of it.
00:20So we'll be talking to them. We'll be working on it.
00:23We want something good for the Cuban people.
00:25And hopefully there'll be a good outcome there for them.
00:27There needs to be. It's 90 miles from our shores.
00:30And having a failed state 90 miles from our shores is a threat to the national security of the United
00:36States.
00:36You know, we want something good for the Cuban people.
00:39And hopefully there'll be a good outcome there for them.
00:41There needs to be. It's 90 miles from our shores.
00:44And having a failed state 90 miles from our shores is a threat to the national security of the United
00:50States.
00:51So we're producing right now more oil by double than Russia and Saudi Arabia combined.
00:58There's never been anything like that.
01:00We have. We don't need oil. We don't need the straits. We don't need anything.
01:03But we have more oil now being produced by double, by two times, than Russia and Saudi Arabia combined.
01:11Great, a great state.
01:13Do you want to say something about that?
01:15Well, I would, President Trump, under your leadership.
01:18We've opened up lease sales on public land.
01:21This is land that was put away for the benefit and the use of the American people, like the Strategic
01:26Petroleum Reserve in Alaska.
01:28The Biden administration had illegally stopped holding lease sales during their administration.
01:34President Trump famously said, drill, baby, drill.
01:36But before you can drill, you've got to open public lands.
01:40Between the lease sales that have happened in the Permian, in the Bakken, and on the North Slope, just since
01:48January of this year, it's over $4 billion of revenue has come into the Treasury.
01:53That's 13 times more than the Biden administration brought in on lease sales in the entire four years that you're
01:59in office.
02:01Sir, your policies brought that in in five months.
02:03So with that, a lot of excitement, a lot of activity.
02:06We also inherited, just in one district in Carlsbad, New Mexico, 5,600 unprocessed applications to drill for oil and
02:16gas on public land.
02:17And when we're drilling on public land, those companies pay a royalty.
02:21And that money comes to all of our citizens, and it goes to local school districts, and it goes to
02:26states.
02:26It is the core of the economy in parts of our country.
02:30The team down there, working for the Department of Interior, Bureau of Land Management, has dropped that by 91%.
02:36It's one of the reasons why they had a record lease sale.
02:38It's because now people go, I can bid on federal land, and I'm going to get a permit to drill,
02:42and it's not going to take me five years to get it.
02:45I'm going to get it in a month or less.
02:47And so it's exciting to see your vision.
02:51And, of course, with this energy dominance, us, as you noted, largest oil producer in the world, largest natural gas
02:57producer in the world,
02:58largest natural gas exporter, this is an opportunity for us to bring prosperity and affordability here at home, but also
03:05increase abroad.
03:06So, President Trump, your energy dominance strategy with Chris Wright, Lee Zeldon, all the people that are working on this,
03:13people around the room,
03:14you know, it's been really incredible.
03:17And, of course, you mentioned Venezuela, but all that flowing to our Gulf Coast refineries is also helping to keep
03:23the price of gas down at home.
03:24So, again, it's an amazing transformation.
03:27Bottom line is the center of geopolitics around energy has moved from other parts of the world to the Western
03:35Hemisphere in the last five months.
03:37You turn Venezuela from a sanctioned adversary into a strategic ally in 45 minutes.
03:43Never happened in history before.
03:45And what's going on in Alaska.
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