Prince Alwaleed bin Talal

Well, look, at the end of the day, Trump is pragmatic. Trump also has good allies in Saudi Arabia, in UAE, in Qatar. We're always friends, you know. I mean, even if Venezuela is being blessed by the United States, it doesn't mean that they can go and produce two, three million barrels within months or weeks. So it's going to take them time to go back.

Well, look, at the end of the day, Trump is pragmatic. Trump also has good allies in Saudi Arabia, in UAE, in Qatar. We're always friends, you know. I mean, even if Venezuela is being blessed by the United States, it doesn't mean that they can go and produce two, three million barrels within months or weeks. So it's going to take them time to go back.

Well, look, at the end of the day, Trump is pragmatic. Trump also has good allies in Saudi Arabia, in UAE, in Qatar. We're always friends, you know. I mean, even if Venezuela is being blessed by the United States, it doesn't mean that they can go and produce two, three million barrels within months or weeks. So it's going to take them time to go back.

You know, all that they have has been obsolete. And frankly speaking, no new equipment has come to there. So even the capacity of Venezuela, not to be they cannot produce more than 3-4 million barrels. So that's still okay. It will not really impact the whole industry dramatically. It will impact it for sure, but not necessarily devastate it.

You know, all that they have has been obsolete. And frankly speaking, no new equipment has come to there. So even the capacity of Venezuela, not to be they cannot produce more than 3-4 million barrels. So that's still okay. It will not really impact the whole industry dramatically. It will impact it for sure, but not necessarily devastate it.

You know, all that they have has been obsolete. And frankly speaking, no new equipment has come to there. So even the capacity of Venezuela, not to be they cannot produce more than 3-4 million barrels. So that's still okay. It will not really impact the whole industry dramatically. It will impact it for sure, but not necessarily devastate it.

Well, for sure. I mean, that's why Saudi Arabia is transitioning from being an oil-based country into being a diversified economy. So that's why we're investing heavily in tourism. We're investing heavily into new minerals. We're investing into other alternatives to oil. We are diversifying our economy in many areas.

Well, for sure. I mean, that's why Saudi Arabia is transitioning from being an oil-based country into being a diversified economy. So that's why we're investing heavily in tourism. We're investing heavily into new minerals. We're investing into other alternatives to oil. We are diversifying our economy in many areas.

Well, for sure. I mean, that's why Saudi Arabia is transitioning from being an oil-based country into being a diversified economy. So that's why we're investing heavily in tourism. We're investing heavily into new minerals. We're investing into other alternatives to oil. We are diversifying our economy in many areas.

So really, when the price of oil do sink to below $70 or $60, we have other alternatives really to withstand the heat, understand the pressure of having less oil, less price of oil.

So really, when the price of oil do sink to below $70 or $60, we have other alternatives really to withstand the heat, understand the pressure of having less oil, less price of oil.

So really, when the price of oil do sink to below $70 or $60, we have other alternatives really to withstand the heat, understand the pressure of having less oil, less price of oil.

Well, what I'm saying is a Trump, you know, a drill, baby, drill, you know. I mean, Trump wants the price of oil to go down. For the black gold. Yeah, clearly. But also, Trump also has his eye on the fracking United States because the average cost to produce a barrel of fracking oil is also in the 50s to 60s also. Right. So he doesn't want that also to go off.

Well, what I'm saying is a Trump, you know, a drill, baby, drill, you know. I mean, Trump wants the price of oil to go down. For the black gold. Yeah, clearly. But also, Trump also has his eye on the fracking United States because the average cost to produce a barrel of fracking oil is also in the 50s to 60s also. Right. So he doesn't want that also to go off.

Well, what I'm saying is a Trump, you know, a drill, baby, drill, you know. I mean, Trump wants the price of oil to go down. For the black gold. Yeah, clearly. But also, Trump also has his eye on the fracking United States because the average cost to produce a barrel of fracking oil is also in the 50s to 60s also. Right. So he doesn't want that also to go off.

So there's a balance here to what Mr. Trump can do, obviously. Of course. You can put your own domestic extractors out of business. Exactly. You don't do that. So you want to balance it now. Clearly, Trump came with a lot of momentum.

So there's a balance here to what Mr. Trump can do, obviously. Of course. You can put your own domestic extractors out of business. Exactly. You don't do that. So you want to balance it now. Clearly, Trump came with a lot of momentum.

So there's a balance here to what Mr. Trump can do, obviously. Of course. You can put your own domestic extractors out of business. Exactly. You don't do that. So you want to balance it now. Clearly, Trump came with a lot of momentum.

But at the end of the day, when he has discussions with Saudi Arabia and with other OPEC countries, they will know that also Saudi Arabia wants the interest of the consumers to be taken into consideration. Of course.

But at the end of the day, when he has discussions with Saudi Arabia and with other OPEC countries, they will know that also Saudi Arabia wants the interest of the consumers to be taken into consideration. Of course.