Andrew Ross Sorkin

And I think that's in large part because you've seen some of the steps that he and the administration have taken, whether it's looking at what happened to some of the law firms early on in the presidency, the universities, some of the media companies.

So you've seen the leverage that this White House has used, which I think is different.

I think it's going to be fascinating.

I ultimately would imagine that there's going to be a game of chicken going on where these oil companies are going to be getting something for it.

It's not just that they're going to be scared of, on one end, of being attacked by the president.

I think it's going to be more than that.

They may seek to get rebates.

Companies like ExxonMobil think that they're due $20-plus billion of money from Venezuela.

They may say, you want us to go in there?

You've got to go give us that money first.

So I think there could be things like that.

Or maybe even saying, you know what, we'll go in.

You put boots on the ground.

And there's two different balance sheets.

There's Exxon Mobil's balance sheet, and then there's gonna be the balance sheet of the taxpayer, the American taxpayer, who's gonna pay for the boots on the ground to effectively allow Exxon Mobil to do what they're doing.

But when you look at the price of oil and the price of a barrel of oil, or you look at, you go fill up your car and you see that price, that's a different price than if you add in the amount of money that the US government and taxpayers will be paying

to get you that oil.

So that's going to be the distinction.

Look, I do in the following way.

I think the lesson of 1929 in a certain way was that politics do matter with the Fed.