Why is Donald Trump pivoting to fossil fuels? | Counting the Cost

[@dougtheslug6435]

Canada here and Trump wants to cut off our oil exports to them and I'm ok with keeping that sludge in the ground here and now the US doesn't want our lumber and once again I'm ok with saving our forests.

[@KJ-Maxwell]

Until you and your country are poor...

[@dougtheslug6435]

@@KJ-Maxwell I never worked in those industries so it makes no difference to me and many other Canadians too. I retired early after 37 years in construction, so I'm not poor either.....sorry but not everything revolves around oil, lumber and minerals being exported to the US. If they don't want it from us then they'll have to buy it from someone else, someone Trump can't bully.

[@SashCohen-t5z]

@@KJ-MaxwellCanada can sell it to many other countries. United States is not the only country in the world …you have Asia, China, Europe are big markets

[@Gymgeniiee]

@@KJ-Maxwell you act like they can’t trade with anyone else.

[@KJ-Maxwell]

Last year, Canada and the U.S. traded $440 billion, making the U.S. Canada’s largest trading partner by far. For perspective, China ranked second at just $22 billion, and Japan third at $11 billion. This economic relationship is vital-Canada’s economy would struggle significantly without it. Having grown up a mile from the Canadian border, I can confidently say Canada is no enemy of the U.S. The real issue at hand isn’t trade but addressing the flow of illegal migrants crossing from Canada. Trump’s focus is on solving that specific challenge, not on undermining the strong bond between our two countries.

[@resurrectedone7463]

It doesn't actually make any difference whether the President is Republican or Democrat. The genius of the American ruling class is that it has been able to make the people think that they have had something to do with the electing of presidents for 200 years when they've had absolutely nothing to say about the candidates or the policies or the way the country is run.-Gore Vidal

[@ItsMe-yv9jd]

Gotta say, less than half of Americans allowed to vote, bothered to vote, and only half of those voted for HRH Donald to be President. (Only 25% of Americans voted for him... which is nothing for him to brag about.)

[@abelflores1593]

Yep both parties suck! We need to get both parties out of office

[@abelflores1593]

​@@ItsMe-yv9jdtwo sides of the same coin, and the illusion of choice is made

[@seanthe100]

The "ruling class"? Who is that exactly? One thing about America is the most powerful people change frequently look at the wealthiest in the 1920s literally almost all lost that wealth and have little power today. Elon musk was a no-name

[@yahoogaming8534]

The sale of shale oil and gas by the United States will cause a fall in international prices. This must be a worrying moment for rich Gulf states.

[@eastafrica1020]

More for Russia

[@mudshovel289]

You’re forgetting that these companies LOST a lot of money the last time when they did this. There was an overproduction of oil and gas which made prices really low for consumers but it wasn’t great for the companies doing it. This time they will be careful about not overproducing. Because remember, their mission is to make money for their shareholders. Not make life easier for the consumers.

[@SigFigNewton]

EV sales keeping demand from rising

[@AmericatheBeautiful-p4z]

The entire reason for (11SEP and) Operation OEF was EU-IRAQ's 'Oil for Food' drove the price of oil below Saudi's ask price. _Prince Bandar came to WADC and said time for war!!_ Memory seems to be an ancient art. Iraq had nothing to do with 11SEP. The WMDs were all destroyed in the First Iraq War. OEF was about oil supply destruction. Supply exports for trade balancing versus keeping Oil Patch profits will be Trump's strategy, since $3 natural gas here is worth $15 as LNG in EU, thanks to blowing up NORD2. So higher US natural gas prices, and plan to refill SPR also means higher prices at the gas pump also.

[@rajahua6268]

Shale oil is a short term fix. Price drop will decimate the sector.

[@chlakosek]

Step 1. Trump sets up a cryptocurrency to benefit himself. Step 2. Oil industry begins pumping money into Trump cryptocurrency. Step 3. Trump allows oil industry able to drill anywhere. Step 4. American taxpayers provide subsidies to big oil Step 5. Eliminate EPA. Step 6. Americans learn to swim oil drenched beaches.

[@rubenruiz2162]

And while step 6 is in progress, trump spends hundreds of million of dollars of taxpayers money to clean up the oil spill.

[@AmericatheBeautiful-p4z]

Better than Biden Bubble Art.

[@truckerwayne]

What are you on? I can't drive an EV 500 miles every day. Gas prices are going to go way down.

[@techdedicated]

@@truckerwayne technically if electricity goes down EVs get even cheaper than gas

[@sampark5567]

Here's another non American worrying about American tax payer. Don't you have your own dysfunctional government to worry about? We made our decision for a fix in our government with our votes, now you go do the same with government.

[@waltertoki1]

Oil and gas interests have given an estimated $75 million to Donald J. Trump’s presidential campaign, the Republican National Committee and affiliated committees.

[@AmericatheBeautiful-p4z]

@@waltertoki1 Of the $84B in Biden's 2023 'Renewable Energy' slush fund, Pentagon swooped in and took $30B for tactical nuclear bunker busters "and for other purposes." [Defense Weekly]

[@johnkintree763]

This is why we need a global platform for digital democracy so we can vote for principles and policies instead of personalities and political parties.

[@BVargas78]

Trump won because of policy. Mostly immigration and national protectionism over the globalist vision. One may not like it but it is what it is.

[@mudshovel289]

What? What do you mean a global platform? People don’t want those living in other countries to vote in their elections.

[@AmericatheBeautiful-p4z]

The Electoral College decides who get into office, not your vote. Your vote is to get your emotional & intellectual _mental buy-in_ for the Next Net$Zero Regime in WADC-NOVA.

[@ZuhaBuba]

I mean I like your idea, but has there been any traction on this

[@johnkintree763]

Near zero traction. So far. Do you have any favorite principles in the Universal Declaration of Human Rights and the Earth Charter?

[@mudshovel289]

He tried to bring coal back last time, but it didn’t work because natural gas had become so cheap due to fracking that it basically replaced coal as the main electricity generation fuel. Now you got all these companies building their own nuclear power plants to power their data centers. These will generate more electricity than just what the data centers use and they will also make the cost of building additional nuclear power plants cheaper. This can lead to the new nuclear plants and existing renewables making fossil fuels less important for electricity generation. Americans will probably still use ICE vehicles for a while but that’s up to the industries to offer affordable electric cars while keeping American autoworkers employed.

[@AmericatheBeautiful-p4z]

High Tech is NOT building nuclear power plants! Their $30B for AI blade warehouses will steal ~40% of existing National Electrical Grid at wholesale price and a 24x7x365 power guarantee. The two Valdosta GA nuclear 3 & 4 cost $32B and took 15 years to get online. _Americans will be forced to build new nuclear plants run for profit by private operators._ *Gen Z, there goes your Boomer Inheritance* ... "and they'll get all of it!" G. Carlin

[@Duncan_Idaho84]

Nuclear power is the clear answer.

[@stanleykania7184]

Pa. Don't need to drill. 100s of wells where drilled from 2006 -2016. They need fracing. All steel pipe I saw was from China when I worked oilfield then.

[@herjitpannu2282]

US has about 275 billion barrels of untapped oil. However, US uses 21 million barrels of oil every day. That means the US has (275billion/21million) 13750 days worth of oil. That equates to 37.6 years worth of oil (13750/365). That is not a lot of oil if you really think about it, considering that calculation is based on current consumption rate. With AI's demand for energy and population growth we should expect that oil should last lot less than that, about 30 years. That is in our children's lifetime, we will run out of oil. What are we going to do then? Scary world.

[@brianwells9351]

Answer is you can't fight a war with batteries

[@donchristie420]

@@brianwells9351 hmmm, little battery driven drones dropping hand grenades

[@user-ip5gf4ob6w]

America is a mess

[@thetruth7214]

THATS WHAT YOU WANNA THINK IT MAGA, GO DO THIS👉

[@DIYTechFusion]

Not really, the world will be a mess due to Trump policy. USA is a consuming country, all over the world counts on US export.

[@lunchbox1553]

​@@thetruth7214 What are you even trying to say?

[@randstahl4869]

The gentleman (Ed), in Texat, articulated detailed factual information with admirable concision. Based on that display arose his unmistakable authority, voiced. Such a presentation heard -- in this era of social cacophony -- resounds music to ears of many eager for hearing trustworthy news.

[@hoganrozins-mn5vp]

Money is more important than the planet. Until it's not😅

[@BobHill-s2c]

Planet's not going anywhere, we are! - George Carlin

[@mrtee3477]

Typing on KZbin sends data to a data center for processing, consuming a lot of energy. If you're truly concerned, consider disconnecting from the internet to be a better environmentalist.

[@BobHill-s2c]

@mrtee3477 don't worry, that's part of the plan. Great shutdown and only the obedient will be allowed back on.

[@Romerso1]

@@BobHill-s2c The planet will give payback. It is already happening. Payback will just get worse. Even for shareholders.

[@divinee.155]

@@hoganrozins-mn5vp shut up our hearts are far worse

[@red_dragonracingsilvereclipes]

what some forgets it wouldn't be the first time the US government drilled oil themselves which means oil companies gets on board or they lose the oil fields to the US government.

[@ShubhamKumar-xr4jm]

3:46 if they do there income also reduced because of less selling, because of less production. If they don't do then also there income will reduced because of low price because of more production. (I am taking about rich only oil depends gulf country) This is loss- loss situation for them.

[@rajahua6268]

Excellent report.

[@pengunjung]

We need free solar cells, also independent and decentralized energy.

[@AmericatheBeautiful-p4z]

Nobody is stopping you.

[@Duncan_Idaho84]

I just don't understand why Nuclear (the cleanest form available) never gets talked about.

[@MalcolmRose-l3b]

Because as far as I'm aware no Western country has built a new nuclear plant on time and on budget in the last forty years. They take a decade just to get through environmental approvals, plus another decade or two to build. Meanwhile you can stick a solar panel up in about ten minutes. By the time the nuclear plants were operational the world would already have missed the target for global warming. Solar and battery prices are falling year on year - the price of the battery for my home system has more than halved in the last three and a half years making nuclear less and less competitive. Nuclear is a sensible option for baseload if you already have it, and if new designs were to prove easier and cheaper to build that would be great - but you have to get past the public's antipathy to nuclear power.

[@NickGj-k7v]

New oil and gas exploration has higher risk, infill drilling and fracking has higher cost, so combined oil and gas industry will keep strong on existing field, they always have undeveloped land.

[@StephenRoss-po1rp]

Canada and the North Sea, are the high cost producers, not the US

[@BoydGilbreath]

Why is rumpy pivoting... are you kidding? Money.

[@JoanneMercader]

$50 dollars a barrel? Trump knows texas bush crew will not agree!

[@stanleykania7184]

Pa. Has 100s of wells already drilled.

[@richardvankleef7172]

America is currently the largest producer of oil on the planet

[@michaelmcphillips4079]

Does this reflect what he thinks of the dollar, that it's not worth more than crypto currencies and expects it to tank?

[@desertink6007]

If Oil drops in price the EV cars price will also drop as the demand will decrease.

[@sampark5567]

This shows how detached these so called experts are. Everyday Americans are extremely sensitive on gas pump prices because it has a direct impact on our monthly budget. Any spike or lowering of gas price turns daily greetings at work to comment on the price. Vast majority of socal residents have used or are using apps to be informed on current local gas station prices. All local news broadcasts include a segment on gas price and the cheapest gas station in socal like weather forecast. So-called experts saying what "everyone in America thinks/knows" need to stop wishful thinking, stop looking at the spreadsheet, get out here and talk to people. We begrudgingly deal with high gas prices because we have to.

[@JohnEcker-n9i]

Drill baby drill ❤

[@thoenyhills217]

Because it works! Simple

[@NormanLor]

ONLY FOR KICKBACKS...WHAT ELSE POCKETTING $A BILLION FROM ALL THOSE GRATEFUL CEOS???!!!

[@mikeprzlomski2092]

I voted for drill baby drill. Americans are for drilling, nobody’s buying electric cars !

[@mastmalang70hk]

Let the US focus on Trade and Production ,atleast there will be world peace as all the wars are going to stop ,This is the healthy thinking from the US part

[@injectchen]

No one will drill in Texas 😊if oil price is lower than $60.

[@kawotharkakiika124]

Lol, I think bringing African working under Chinese and increase of fast fashion isn't the best example. Their working conditions are low and their textile industry creates unfavorable competition for African textile and fashion designers & brands.

[@stanleykania7184]

Wells in Pa. Are drilled already.

[@TAdyna]

27:40 its depends on nothing but sentiment, Don't its sounds like dollak

[@AngelRivera-wp9bg]

Uhm where did ever go. It never went away.

[@JoanneMercader]

American infrastructure is not ready for electric vehicles

[@NicholasParmer-p4h]

Until you use it all then what

[@beckyumphrey2626]

The earth will outlive civilization....

[@willeisinga2089]

Oil is Done and Gone. Prices go down. More Oil lower Prices. The World goes Electric. No Doubt.

[@anonobot3333]

My prediction - good times ahead for natural gas, but gasoline demand in america is declining due to electrification, you will see less subsidies however.

[@MalcolmRose-l3b]

Less subsidies for oil or gas? I doubt it for a long, long time - I'd suggest the reverse as the US industry falls into decline long term, it'll get more subsidies to preserve those key US jobs in West Texas etc.

[@stevendevilliers471]

Simple , follow the money 😂

[@gunnerdelta]

Aljazeera still using X? Poor taste

[@stanleykania7184]

American first.

[@greghallberg4182]

Is it because he's a craven tool of the fossil fuel industry? Maybe some of them car manufacturers that bowed to him are in on the deal? 😂😂😂

[@thetruth7214]

YEAH BABY THAT IS IT MR PRESIDENT MAGA

[@alapone5063]

So…..Why is he pivoting to fossil fuels?

[@stanleykania7184]

Frack PA. Wells.

[@divinee.155]

Being cheaper u dominant all markets globally then u get to dictate the rules

[@bryanotieno7106]

Drill baby drill

[@JoanneMercader]

Ed pretending he has in depth knowledge about this ENERGY CAPITOL OF THE WORLD. Listen to his presentation, and he proves it

[@JoanneMercader]

Ed rides a bike every day all day long.

[@toend1]

There is a bigger power than Trump and that is economy. Will oil companies sell oil cheaper? Fossil free energy is so much cheaper and will increase exponential.

[@rawnet101]

Oh Muricah - TrumpleThinSkin is about to pivot you to a more expensive energy option while the rest of the world has a competitive edge over you. What could possibly go wrong? Your eggs will be more expensive without a doubt.

[@JeffRice-f9t]

trump is offering what we have already

[@fanemanelistu9235]

Uhm ... bc he's getting paid to do it?

[@noelflores4389]

Terrible

[@gazjaz2010]

because he is bought and paid for

[@chaz4609]

Jai Hind. The Trumpet is listening to Salman deals to end EV and climate mandates. However the Drill baby Drill oil can get prices back to negative territory again which will be good for AI Stargate infrastructure but, bad for the Arab producers.

[@bashirmohamed7982]

U.s.a. Oil is peak, Alaska off shore and on shore oil is peack, shail oil will peack soon unless we find new oil deposits energy cost will go up

[@francesconiccolai6592]

Fossil's fuel Multinational .....Faithfull Business 's Trump Friends....and Money have no ....Smell .....🏭🤡🥳

[@IzzeeDaGhost]

Orange Man Trump: Tariff War 2

[@FllixRouge]

Why? He hates his grandchildren and his grandgrand children 😅

[@aimeyalala7178]

😂😂😂

[@auroraaa._.]

I think Trump and Melania coin will not survive for long 🤔🤔

[@kaths9075]

It’s a scam

[@maman89]

I love how naive and matter of fact Ed Hirs is regarding the american people knowing the fact about green energy and acting upon it. Electricity is cheaper but rates has been consisty going up. Ultilities companies want to see their profit grow like interest rates. Trump gets to score politcal points with his base while ultilities execs grinning at the back.

[@AmericatheBeautiful-p4z]

@@maman89 Supply and demand. Every fossil national grid sucking EV battery car sold drives up the price of utilities, until that day when The Next to Last EV grid sucker pops the fuse. The EV dealer's lights go dark as The Last Sucker signs the EV sales contract. "Is it charged up?"

[@divinee.155]

No more nonsense green rubbish

[@peterjaniceforan3080]

🇺🇸🤜🏼🇨🇦

[@beckyumphrey2626]

Trump meme crypto is.owned by his youngesr.son Barron!!

[@PenelopePitstop0078]

Because, for Donny Sue,the MOST important thing, & the anchor of his identity, is $$$$. He will do or say anything for the 💵. Really, he has to support his loser kids, he does take providing for his parasitic brood seriously. And, the catalog bride is high maintenance.

[@lumkaze2000]

Shame on Americans

[@IanMurphy-tl3zr]

@@lumkaze2000 - Suck it, freeloader…

[@JoanneMercader]

Crip tow We don't care

[@jaymay5457]

Bs

[@DBZFan2]

5:04

[@prashanthalex7702]

Qatar must be afraid...