Prince Alwaleed bin Talal
speaker
135 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Prince Alwaleed bin Talal’s voice in public audio — every appearance, attributed to the second.
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Appearances
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.
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.
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.
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.
Really, it all depends on supply and demand, frankly speaking. And you see China. China also has a big role in that. And you see the economy of China right now is moving in the 5%, 6% growth direction every year. So, you know, there are a lot of factors that contribute into this whole big equation.
I hope not, frankly speaking, because I have this of Saudi Arabia. Yes. You know, I don't want to be 60, but I think long term, there's no doubt that the price of oil is heading, not necessarily to the 100, but at least to where it is now, 6, 70, 80. Okay, you think it'll stay there? I think so.
Correct. We invested in these three companies. How did you do? We did well, frankly speaking. We did sell part of it with some small profit, and now we still have some stake there.
This was part of our, you know, investment philosophy and policy. You know, we invested in so many companies that year in Western Europe, United States. And these three Russian companies were among them. Right. But other people were not doing that. Why did you do that? We are sometimes contrarian and successfully so.
Well, look, we are invested, very heavily invested in technology. For example, in China, we are in many companies like Baidu, Alibaba, Tencent, Didi. You know, Baidu is very heavily involved also in artificial intelligence. In America, we are also invested in Wear Meta, Wear X, XCI, in Snapchat. We have many companies also in America. So we have a diversified portfolio in technology.
We are also in hospitality, you know, in Four Seasons and Accor. We have a very diversified portfolio.
You know, I know Jack Ma very well. I bet you do. Yeah, I used to meet him always at the Microsoft meeting with Bill Gates. You know, I think, you know, Jack Ma really, you know, China, look, is a centralized political system. And I think he went a bit too far, you know, with the, I'm being very frank with you.
He went a bit too far in his being outspoken against the regime and against the communist system. So he was just told to just cool it down a little bit. And I think that's what happened. He's now in a cooling down period. He's in a cooling down. Are his whereabouts known? No, he's settling between Japan and China.
He's coming in our public a little bit right now, but he's not as high profile as before.
Well, look, as I told you, America is a big force to be reckoned with. America is an empire. Now, we don't call it an empire these days, but America is an empire. You know, you have hegemony on the whole world, and America is a force to be listened to. So I think these bases are very important to stay there to counter what's going on with China also. Yes.
So I know America now is being more somehow a bit isolationist in its approach. But, you know, I think once Trump, you know, get more in the second term, he will acknowledge the fact that America needs to have this presence in all these areas to keep the strength of America consolidated.
Well, I mean, in China, not necessarily in China, but you have a crazy guy in North Korea, you know. Who's really a proxy for China, though, I mean. You know, but, you know, still, he's a loose cannon also. Yeah. I mean, he does take orders from China and somehow from Russia, but also he's a very independent guy and loose cannon also. Do you know him? No, I don't know him.
You have no North Korean investments at all? No, not at all. If I'm going to go there, I'll ask Trump to introduce me to him. He's his friend. It was a bold move from President Trump to meet him.
Showing 81–100 of 135 · page 5 of 7
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