Trump Donors Make SHOCK ADMISSION on CAMPAIGN LIES
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Why are Trump’s oil donors now saying “no drill, baby, drill”?
Remember when Donald Trump and all the Republicans would go, drill, baby, drill? Or how about when Donald Trump said, we've got a frack, frack, frack like a duck, frack, frack, frack? Well, now the oil executives who supported Donald Trump said, Whoa, we actually don't need to drill, baby, drill. They're acknowledging that under the Biden administration, we are energy independent for the first time. They're also recognizing From a geological perspective under the Biden administration, which has enabled oil companies to do this, we've explored a lot of the areas in the United States where you can actually drill or frack in ways that don't negatively impact the health of people or kill people. And so now the oil executives are saying, whoa, whoa, whoa, we actually don't want to drill baby drill.
We've got another plan. In mind, we would like to actually pull that back for a second. Here's the article from the Wall Street Journal. These are from Trump backing oil execs. It just shows you how phony they are. It's what I keep talking about over and over again. All their messages are so phony. Trump's oil and gas donors don't really want to drill baby drill. The fossil fuel tycoons helped return. The president-elect to Washington, but now they are seeking to lock in use of their products for years to come. Donald Trump wants oil companies to drill baby drill on the first day of his presidency, but the fossil fuel benefactors who supported him and gave him hundreds of millions of dollars, they have a different agenda.
Now, by the way, it's like the other story that I did where it's like the CEOs in red states actually don't want Donald Trump to do mass deportations now. The farmers who supported Donald Trump don't want that. The other business people who supported Donald Trump don't want the tariffs that he planned. What he said he was gonna do. Goes on to say, many of the tycoons, Republican tycoons, who backed uh Trump's victorious campaign, say what they need help with is shoring up demand for their products, not pumping more fossil fuels, which they have little incentive to do. In other words, the supply is so significant right now under the Biden administration. That there really isn't even the kind of requisite demand unless you either kind of price gouge or kind of do something artificial to the market.
So these tycoons are pushing for policies that would lock in fossil fuel use, such as easier permitting for the pipelines and terminals to shuttle fossil fuels to new markets. They also favor eliminating Biden administration policies. meant to put more electric vehicles on the road. Cause why would you want to open up more markets to create other factories and other areas while at the same time you still are making record profits? Uh it's just freaking greed right there.
What did the Wall Street Journal reveal about donors admitting they lied about the slogan?
Under President Biden, shale companies produced record amounts of oil and natural gas as crude prices rebounded from the pandemic's depths and then soared after Russia's invasion of Ukraine. But the industry is also confronting the early stages of a long-term shift away from fossil fuels, as well as concerns that gasoline consumption has peaked in the U.S. So what they're saying is We don't need to drill baby drill Donald. We've got all of the oil that we need. We need you to kill the EV industry. Yeah, you know the EV industry that's out there building the factories in Michigan um and Ohio and all of the swing states that by the way voted for you anyway? Get rid of them jobs. Get rid of 'em. We have another plan in mind.
We want to make sure that we become the exclusive cartel for our products, even though we're producing record amounts. So it's not drill baby drill. It goes on to say Trump handed shale donors, fracking donors, their first big return on investment by nominating Liberty Energy Chief Executive Chris Wright, a fracking booster and fossil fuel champion to lead Trump's energy department. When Dan Eberhart, the CEO of oil field services firm Canary, met with Trump during a fundraiser at his Mar-a-Lago club in Florida.
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Chapters
7 chapters
1
Why are Trump’s oil donors now saying “no drill, baby, drill”?
0:00–3:01
2
What did the Wall Street Journal reveal about donors admitting they lied about the slogan?
3:01–5:08
3
How are fossil‑fuel tycoons planning to lock in demand without more drilling?
5:08–6:54
4
What disinformation are Republicans spreading about EV charging funding?
6:54–8:58
5
How did Pete Buttigieg and Elon Musk respond to the EV‑charging myth?
8:58–10:59
6
Who is Chris Wright and what is his “bright side” view of climate change?
10:59–13:48
7
Why is U.S. oil production at a record high despite Trump’s rhetoric?
13:48–14:37
Speakers
4 identifiedMore from The MeidasTouch Podcast
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