Episode 5233: Fighting AI Mandates In The States; Islam Is Creeping Into Texas Schools
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What is the main topic discussed in this episode?
wants to be very forward-leaning. Obviously, Qatar has an issue, UAE to a degree, Dubai, all of that, but really the Saudis. And they're different. People understand they've got like 23 million people. I mean, it's kind of a real country, not just a Gulf emirate. At 40 and 50, you know, Trump is full-spectrum energy dominance. The morals of 55, he wants to get to oil at 40. All these other guys, they want the oil at 100. So our allies have a perverse incentive to say yeah we can't do this yeah lloyds and london is not gonna not get not gonna insure us we're gonna the saudis you know shut down or shut in as you said that big refinery they there's a perverse incentive now they do need cash at some point in time but it's a perverse incentive here for them to finally get it up over 100 bucks which in the age of trump
It was the exact opposite. Trump's full-spectrum energy dominance was driving the price of oil down to something with a four-handle.
How about this, Stephen? In term one on your term, he got it with his negative 20 handle. In other words, people would produce oil and pay...
anyone to store the oil for him to the tune of 20 negative a barrel under trump never happened before here's why because the longer and higher you get the oil price in the conflict comes up really fast everyone jacks up the prices really fast and soon as it's all clear they can slowly slowly let that go down and in the meantime that profit margin is massive back when i was really early in my career uh middle eastern uh countries could pull oil out of the ground for about five dollars a barrel Now it's probably around $20 a barrel. So everything above $20 a barrel is profit. So when it goes to $120 or $150, they've got a massive amount of money. That's why they can hold off right now. They eat it right now, but they're certainly going to make it on the backside.
Let me let me ask you before I bounce here and jump into the war room, because we're going to try to bug you over the weekend to come on unless you're yachting again, which normally you do on weekends. What what should people be thinking about as we as as we as we go off of air bowling? The markets are closing. What should people be thinking about when they think about the the geoeconomics of this war and impact on the world economy and the American economy as we get into Monday? We're in deep poopy, as they say, Stephen. The inflation numbers that's going to come out that reflect March, which will come out sometime late April, early May, is going to be a disaster.
And it's only going to get worse because everything has an oil component to it. And it's, as I said, they bring the prices down slowly. This could, we're going into summer driving season.
I say something this morning. Diesel fuel is approaching $6 a gallon right now. Right now. Diesel is going to get to $10. That is a massive strangulation. Our nation runs on diesel. It does. It does. I got to let you know. The United States runs on diesel.
I got to tell people one more thing. No, no.
Hang on. One more question. Okay. One more question. But I want to say something before we go. Go ahead. hang i got i got i got one more for you i got one more for you the saudis and was up the headline on one of the drudge links and of course drudge is in the mumble tank he's no fan of president trump but the saudis been telling people if this war at this rate continues into mid-april uh oil is going to be 180 dollars a barrel walk us through how does that happen well
So I'm assuming they're going to say, right now, just so you know, the Middle Eastern delivery, the crude oil from the Middle East is $165 a barrel right now as we speak.
How does the discussion of oil prices relate to geopolitical strategies?
$112 for Brent, almost $99 for WTI. It doesn't take a lot to get that up. People know the longer oil is offline, the longer they bring it back online, it's going to stay elevated. I would say that putting boots on the ground especially in Karg Island. I just don't like that idea at all for the future. Can I just say something? Folks, look at that guy right there.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–3:38
2
How does the discussion of oil prices relate to geopolitical strategies?
3:38–7:03
3
What are the implications of AI regulations on state laws?
7:03–11:05
4
How is the relationship between Trump and Netanyahu influencing current events?
11:05–15:38
5
What recent developments have occurred in Texas regarding Islamic schools?
15:38–20:13
6
How do school choice policies impact the funding of Islamic education?
20:13–26:00
7
What are the concerns surrounding child safety in AI legislation?
26:00–28:59
8
What future actions are expected from lawmakers regarding AI and education?
28:59–55:23
Speakers
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