Loading summary
Transcript28 lines
- [00:01]
Unknown Host
Guys.
- [00:01]
Unknown Advertiser
If you're looking for style, comfort and versatility, check out the latest collections from Verst. Whether you're hitting the gym or tackling your daily routine, Verst's wide selection of menswear blends proven performance with a functional and classical look. Their new fleece collections are designed with premium fabrics, the perfect layered style that keeps you feeling good and looking even better. Explore the latest from Verst for next level comfort and elevated style, available only at Dick's Sporting Goods shop. Now@Dick's.com Verstappen this episode is brought to.
- [00:32]
You by GE Healthcare. GE Healthcare sees possibilities through innovation. They are partnering with their customers to fulfill healthcare's greatest potential through groundbreaking medical technology, intelligent devices and care solutions. Just like they have for over 125 years, the technology they're mastering today will help make care more personalised tomorrow. Find out more@gehealthcare.com behind the bright lights.
- [01:02]
Alex Rodriguez
And adrenaline of pro sport is an equally exciting world of negotiations and deal making. That's what we cover each week on our podcast the Deal. I'm Alex Rodriguez, former baseball player turned business executive. And I'm Jason Kelly, chief correspondent for Bloomberg Originals. Over the next couple months we'll hear from all stars like Jay Williams.
- [01:21]
Unknown Host
I want to be an owner one day.
- [01:22]
Ryan Reynolds
Billie Jean King, learn the business and so many more.
- [01:27]
Alex Rodriguez
Listen to the deal on Spotify.
- [01:31]
Ryan Reynolds
Ryan Reynolds here for I guess my hundredth Mint commercial. No, no, no, no, no, no, don't.
- [01:36]
Unknown Host
No, no, no.
- [01:37]
Ryan Reynolds
I mean, honestly, when I started this I thought I'd only have to do like four of these. I mean it's unlimited to Premium Wireless for $15 a month. How are there still people paying two or three times that much? I'm sorry, I shouldn't be victim blaming Here, give it a try@mintmobile.com save whenever you're ready.
- [01:53]
Unknown Host
$45 upfront payment equivalent to $15 per month. New customers on first three fees extra speed slower above 40gb CD tails looking.
- [02:03]
Unknown Advertiser
For a pickup truck to get just about anything done? Look no further. The Chevy Silverado EV isn't just the most powerful Silverado ever with next level towing capability and technology. It also offers game changing versatility with the available multiflex midgate and tailgate. Which means Silverado EV helps you carry large, bulky and oddly shaped items up to nearly 11ft in length. Chevrolet together. Let's drive. Visit Chevrolet.com to learn more.
- [02:31]
Unknown Host
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 support 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 is what he said he was going to do. Goes on to say many of the tycoons, Republican tycoons who backed Trump's victorious, 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, because why would you want to open up more Markets to create other factories in other areas, while at the same time you still are making record profits. It's just freaking greed right there. 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 US 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 evil industry.
- [06:04]
Unknown Advertiser
Yeah.
- [06:04]
Unknown Host
You know, the EV industry that's out there building the factories in Michigan and Ohio and all of the swing states that, by the way, voted for you anyway. Get rid of them jobs. Get rid of them. 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 oilfield services firm Canary, met with Trump during a fundraiser at his Mar a Lago club in Florida, Eberhard had a unique request. He asked Trump to push back on the International Energy Agency, the influential power space energy forecaster. The agency has predicted global oil demand will peak by the end of the decade, earning scorn from GOP lawmakers who dubbed the group an energy transition cheerleader. So let's just recap, right, Donald, we're producing. The supply that we have is through the roof right now. Here's what we need you to do. Kill electric vehicles for us. And also, you know those agencies that report the statistics? Let's kill that as well. Let's go after them as well. That's one of the other things that we are seeing right there. You keep reading more of this. It says many of Trump's oil and natural gas supporters favor easing regulations that govern drilling. The changes would include scrapping rules targeting methane emissions, getting new permits to frack on federal land, and eliminating climate disclosure rules. So, to be very clear, also, the plan is, despite the fact that we're doing record supply right now, can we also maybe drill on some protected areas, some federally protected lands, you know, where tourists visit some of those beautiful areas? That's where we need to do our fracking, maybe even near people's homes. Yeah, they may develop cancer or get sick, but that won't happen to us. We'll be in our villas in Lake Como in Italy and we'll be in our private villa, lake houses, wherever. It'll just affect them and it doesn't matter. Then just blame the Democrats, have Fox News blast it and we won't take any responsibility for it. So that's what the Trump oil tycoons are saying right now. I want to just, I just want to show you these charts right here so you can see it for yourself. This is one I talked about last week though and this came from Harold Hamm, one of the donors to Donald Trump. They go, people think we're going to raise 3 to 4 million barrels a day but in my opinion from a geologist perspective, you're not going to see that. We've search this country pretty good. This was A chart from JP Morgan. The US achieved US energy independence for the first time in 40 years while Europe and China compete for global energy resources. The first time was under the Biden administration. This was back from March 11, 2024. The United States produces more crude oil than any country ever. Oil, gas and renewable energy production are at all time highs. America is more energy independent than ever. And as our editor in chief Ron Philip Kowski shows here, this is an example of how we are energy independent. Philip Koski writes, every single person at a Trump rally will tell you that the reverse of this chart is true because that's what Trump and Fox and Newsmax tell them. They live in an alternative angertainment fact free reality. They believe Commie Democrats have stopped fossil fuel production. When you see under the Trump years that America was not a net oil petroleum except exporter and it is under the Biden administration. Another chart here you see that oil production is up. Now here's two things I want to show you. First I want to show you this video by Adam Mockler. Make sure you subscribe to his YouTube channel. Adam Mockler's the Gen Z reporter at the Midas Touch Network. Partner with the Midas Touch Network here he points out for example how the lies about electric vehicles and the efforts by the Biden administration. How these lies and disinformation spread on social media networks like Elon Musk's like quite literally the Republicans use a false headline and say with $7.5 billion all that Pete Buttigieg in the Department of Transportation was able to do is do a total of eight charging stations. That's eight Think about all the government waste. Just totally a lie. And then Buttigieg had a kind of counter the lie. But I just want to show you there's a fire hose of just lies and disinformation out there, which is why people believe that America's not energy independent. Now the drill baby, drill stuff worked, but now when they're in power, they're singing a very different tune. But here's what Mockler had to say. Play this clip.
- [11:03]
Ryan Reynolds
Watch how quickly Pete Buttigieg shut Elon Musk down on his own app. This is beautiful. And it all started when Donald Trump Jr. Quote tweeted somebody who falsely said Pete Buttigieg will leave his post as Transportation secretary having spent $7.5 billion to eight EV charging stations. Now that is a complete distortion of data and we'll get to that. But that didn't stop Donald Trump Jr. From boosting that to his tens of millions of followers by saying does not seem like a great return on investment. But hey, he checked a woke box so it's totally worth it. Okay, so that is egregiously offensive. He's saying that because Pete Buttigieg is gay, because he has a husband, that he's not qualified. But Pete is more qualified than this nepotism baby will ever be. But we'll move on from that. Pete Buttigieg then responded straight up and said the tweet you quoted is false. I think more Dems need to get in there and just say, you are wrong, what you're saying is false. Then Elon Musk says with a little bit of snark, well, please post the rebuttal. Then community notes will take care of the rest. So Pete Buttigieg posted the rebuttal. He said to start off, $7.5 billion has not been spent nor anything like that. That's the entire program budget for the NEVI program, which is to help build out a national charging network by 2030. Secondly, there are chargers now operational in nine states, which does not mean nine chargers to these are only the first handful, though most are to be built in the second half of the decade. So you can see how Republicans distort the facts right there. There was probably a headline that said charging stations were built in these nine states and some conservative refused to read past the headline and thought, oh, there's only nine stations that have been built. Then Pete Buttigieg says third in this program the chargers are built by the states, not the federal government. And while it takes time to get a novel multi billion dollar program going across 50 states. The states are on track. He then provides a link and says for anyone interested in the program and where the charges are going, here's a further data map and Elon Musk says this is helpful to understand. Just this is helpful to understand. This dude is relentlessly spreading disinformation and the correction only gets a small fraction of the views that the actual disinformation got. We have an uphill battle to fight.
- [13:12]
Unknown Advertiser
Lumen is the world's first handheld metabolic coach. It's a device that measures your metabolism through your breath and on the app, it lets you know if you're burning fat or carbs and gives you tailored guidance to improve your nutrition, workout, sleep and even stress management. That's why I love it. All you have to do is you breathe into your lumen first thing in the morning and you'll know what's going on in your metabolism, whether you're burning mostly fats or carbs. Then Lumen gives you a personalized nutrition plan for that day based on your measurements. You can also breathe into it before and after workouts and meals so you know exactly what's going on in your body in real time. And Lumen will will give you tips to keep you on top of your health game. Your metabolism is your body's engine. It's how your body turns the food you eat into fuel that keeps you going. Because your metabolism is at the center of everything your body does, optimal metabolic health translates to a bunch of benefits, including easier weight management, improved energy levels, better fitness results, better sleep, et cetera. Lumen gives you recommendations to improve your metabolic health. It can also track your cycle as well as the onset of menopause. And adjust your recommendations to keep your metabolism healthy through hormonal shifts so you can keep up your energy and stave off cravings. Look, I love Lumen and I know you will too. So if you want to take the next step in improving your health, go to Lumen L u M E N M E midus to get 15 off your lumen. That is L U M E N M E Midus for 15% off your purchase. One more time, go to Lumen Me Midas L u M E N me Midas and get 15% off your purchase. Thank you Lumen for sponsoring this episode.
- [15:06]
Unknown Host
And here's the guy who I mentioned before, Chris Wright, who's now the head of the Energy Department. He's a energy secretary. He was the Colorado and Oil Gas fracking executive. And here's him saying on the bright side of climate change is that all the deaths from flooding and drought will be more than offset by fewer cold weather deaths. Here, play this clip.
- [15:27]
Alex Rodriguez
President Elect Trump's pick for energy secretary is an oil and gas executive from Colorado who says the bright side of climate change is that all of the deaths from the increased heat will be more than offset by fewer deaths from the coalition. Chris Wright is a vocal evangelist for fracking. His company Liberty Energy works with that sector. Trump called out his fracking expertise specifically in nominating him for energy secretary. Wright has said that the well established link between climate change and more extreme weather is quote, unquote fear mongering. He said there is no climate crisis. And he shares Trump's goal of opening up federally protected lands for oil and gas drilling.
- [16:06]
Unknown Host
The efforts of the current administration to make it harder to get a drilling permit or to get a pipeline or.
- [16:12]
Alex Rodriguez
To drill on these land, what does that do? In effect, it just means we produce.
- [16:17]
Unknown Host
A little less oil and natural gas. It doesn't change demand at all.
- [16:21]
Alex Rodriguez
So it just pushes prices up.
- [16:23]
Unknown Host
Oil production in the US Is at a record high. It's higher than it was when President Trump was in office. So what's the problem? It would be higher.
- [16:34]
Alex Rodriguez
While Trump has called climate change a hoax, Wright acknowledges that burning fossil fuels is causing the earth's temperature to rise. But Wright says that all the deaths coming from floods and droughts will be offset by reduced deaths from extreme cold.
- [16:53]
Unknown Host
Well, there you have it folks, changing their tune anyway. Hit subscribe. Let's get to 4 million subscribers. Thanks for watching. Love this video. Make sure you stay up to date on the latest breaking news and all things Midas by signing up to the Midas touch newsletter@midastouch.com newsletter.
- [17:15]
Unknown Advertiser
@&T customers Switching to T Mobile has never been easier. We'll pay off your existing phone and give you a new one free. All on America's largest 5G network. Visit t mobile.com carrierfreedom to switch today.
- [17:29]
Unknown Host
Pay off up to $650 via virtual prepaid MasterCard in 15 days. Free phone up to $830 via 24 monthly bill credits plus tax. Qualifying port in trade in service on Go 5G next and credit required. Contact us before canceling entire account. To continue bill credits or credit stop and balance and required finance agreement is due.