THE PRESIDENT MEETING WITH OIL
EXECUTIVES.
EXECUTIVES.
LET’S LISTEN IN.
LET’S LISTEN IN.
>> GLOBAL ECONOMY, INCREDIBLE
>> GLOBAL ECONOMY, INCREDIBLE
THING THAT’S HAPPENING, WE HAD
THING THAT’S HAPPENING, WE HAD
THE GREATEST ECONOMY IN THE
THE GREATEST ECONOMY IN THE
WORLD, PROBABLY ARGUE THE BEST
WORLD, PROBABLY ARGUE THE BEST
EVER.
EVER.
EVERYBODY WAS DOING THE BEST
EVERYBODY WAS DOING THE BEST
EVER AND THEN ALL OF A SUDDEN
EVER AND THEN ALL OF A SUDDEN
THEY SAID YOU HAVE TO SHUT DOWN
THEY SAID YOU HAVE TO SHUT DOWN
THE COUNTRY AND HAVE TO SHUT
THE COUNTRY AND HAVE TO SHUT
DOWN THE WORLD BECAUSE THE WHOLE
DOWN THE WORLD BECAUSE THE WHOLE
WORLD SHUT DOWN, NOT THE
WORLD SHUT DOWN, NOT THE
COUNTRY, THE WHOLE WORLD SHUT
COUNTRY, THE WHOLE WORLD SHUT
DOWN, 151 COUNTRIES PROBABLY
DOWN, 151 COUNTRIES PROBABLY
IT’S HIGHER THAN THAT.
IT’S HIGHER THAN THAT.
THAT WAS AS OF A WEEK AGO.
THAT WAS AS OF A WEEK AGO.
SO THE ENTIRE WORLD IS SHUT
SO THE ENTIRE WORLD IS SHUT
DOWN, TRYING TO GET RID OF THIS
DOWN, TRYING TO GET RID OF THIS
SCOURGE, AND WE’LL DO IT.
SCOURGE, AND WE’LL DO IT.
I THOUGHT WHAT I MIGHT DO IS GO
I THOUGHT WHAT I MIGHT DO IS GO
AROUND THE ROOM AND YOU JUST
AROUND THE ROOM AND YOU JUST
INTRODUCE YOURSELVES TO THE
INTRODUCE YOURSELVES TO THE
MEDIA REAL QUICKLY, AND THEN
MEDIA REAL QUICKLY, AND THEN
WE’LL HAVE A DISCUSSION
WE’LL HAVE A DISCUSSION
AFTERWARDS.
AFTERWARDS.
YOU KNOW OUR 2.2 TRILLION
YOU KNOW OUR 2.2 TRILLION
DOLLARS RELIEF PACKAGE INCLUDES
DOLLARS RELIEF PACKAGE INCLUDES
PROVISIONS TO ALLOW BUSINESSES
PROVISIONS TO ALLOW BUSINESSES
TO DEDUCT THEIR LOSSES THIS YEAR
TO DEDUCT THEIR LOSSES THIS YEAR
AGAINST TAXES THEY PAID IN
AGAINST TAXES THEY PAID IN
PREVIOUS YEARS, A LOT OF
PREVIOUS YEARS, A LOT OF
LIQUIDITY AND A LOT OF COMPANIES
LIQUIDITY AND A LOT OF COMPANIES
NEED THE LIQUIDITY RIGHT NOW.
NEED THE LIQUIDITY RIGHT NOW.
HOPEFULLY WE’RE GOING TO BE BACK
HOPEFULLY WE’RE GOING TO BE BACK
IN BUSINESS VERY SOON.
IN BUSINESS VERY SOON.
WE’RE GOING TO BE OPEN VERY
WE’RE GOING TO BE OPEN VERY
SOON.
SOON.
THIS COUNTRY WASN’T BUILT TO BE
THIS COUNTRY WASN’T BUILT TO BE
CLOSED.
CLOSED.
AND ESSENTIALLY WE HAVE A CLOSED
AND ESSENTIALLY WE HAVE A CLOSED
COUNTRY.
COUNTRY.
NOBODY’S EVER HEARD OF A THING
NOBODY’S EVER HEARD OF A THING
LIKE THIS, BUT THIS WAS -- THE
LIKE THIS, BUT THIS WAS -- THE
PROFESSIONALS SAYS NOT SINCE
PROFESSIONALS SAYS NOT SINCE
1917 HAS THERE BEEN ANYTHING
1917 HAS THERE BEEN ANYTHING
LIKE THIS.
LIKE THIS.
1917 WAS A TIME WHEN I GUESS YOU
1917 WAS A TIME WHEN I GUESS YOU
COULD SAY 50, 75, OR 100
COULD SAY 50, 75, OR 100
MILLION, THERE ARE DIFFERENT
MILLION, THERE ARE DIFFERENT
ESTIMATES, PEOPLE DIED.
ESTIMATES, PEOPLE DIED.
THINK OF THAT, 100 MILLION
THINK OF THAT, 100 MILLION
PEOPLE DIED.
PEOPLE DIED.
THEY HAD NO COMMUNICATIONS.
THEY HAD NO COMMUNICATIONS.
THEY WEREN’T ABLE TO SHUT THINGS
THEY WEREN’T ABLE TO SHUT THINGS
DOWN LIKE WE ARE DOING.
DOWN LIKE WE ARE DOING.
THAT WAS A PLAGUE.
THAT WAS A PLAGUE.
THAT WAS A PLAGUE.
THAT WAS A PLAGUE.
STARTED HERE ACTUALLY, WENT TO
STARTED HERE ACTUALLY, WENT TO
EUROPE.
EUROPE.
WE WERE BADLY AFFECTED, BUT
WE WERE BADLY AFFECTED, BUT
EUROPE WAS REALLY AFFECTED.
EUROPE WAS REALLY AFFECTED.
SO THAT WAS THE WORST.
SO THAT WAS THE WORST.
SO NOT SINCE 100 YEARS AGO, MORE
SO NOT SINCE 100 YEARS AGO, MORE
THAN 100 YEARS AGO HAS A THING
THAN 100 YEARS AGO HAS A THING
LIKE THAT HAPPENED.
LIKE THAT HAPPENED.
IT IS AN HONOR TO BE WITH YOU.
IT IS AN HONOR TO BE WITH YOU.
I KNOW MOST OF YOU ONE WAY OR
I KNOW MOST OF YOU ONE WAY OR
THE OTHER.
THE OTHER.
SOME OF YOU I KNOW, BUT I KNOW
SOME OF YOU I KNOW, BUT I KNOW
ALL OF YOU BY SEEING YOU ON THE
ALL OF YOU BY SEEING YOU ON THE
COVERS OF ALL THE BUSINESS
COVERS OF ALL THE BUSINESS
MAGAZINES.
MAGAZINES.
YOU HAVE DONE A GREAT JOB.
YOU HAVE DONE A GREAT JOB.
WE’LL WORK THIS OUT.
WE’LL WORK THIS OUT.
WE’LL GET OUR ENERGY BUSINESS
WE’LL GET OUR ENERGY BUSINESS
BACK UP.
BACK UP.
A THOUSAND PERCENT.
A THOUSAND PERCENT.
IT IS A GREAT, VITAL BUSINESS,
IT IS A GREAT, VITAL BUSINESS,
AND HONESTLY, YOU HAVE BEEN VERY
AND HONESTLY, YOU HAVE BEEN VERY
FAIR.
FAIR.
YOU HAVE KEPT ENERGY PRICES
YOU HAVE KEPT ENERGY PRICES
REASONABLE FOR A LONG PERIOD OF
REASONABLE FOR A LONG PERIOD OF
TIME.
TIME.
WE’VE GOT A LONG PERIOD OF TIME
WE’VE GOT A LONG PERIOD OF TIME
WITH VERY REASONABLE ENERGY
WITH VERY REASONABLE ENERGY
PRICES.
PRICES.
I WANT TO THANK YOU ALL FOR
I WANT TO THANK YOU ALL FOR
BEING HERE, AND MAYBE WE’LL
BEING HERE, AND MAYBE WE’LL
START WITH MIKE.
START WITH MIKE.
PLEASE?
PLEASE?
>> ALL RIGHT.
>> ALL RIGHT.
[INAUDIBLE].
[INAUDIBLE].
-- SUPPORT HEALTHCARE PROVIDERS,
-- SUPPORT HEALTHCARE PROVIDERS,
FIRST RESPONDERS AND ALL THE
FIRST RESPONDERS AND ALL THE
OTHER VITAL INDUSTRIES TO KEEP
OTHER VITAL INDUSTRIES TO KEEP
OUR ECONOMY GOING.
OUR ECONOMY GOING.
>> THANK YOU, MIKE, VERY MUCH,
>> THANK YOU, MIKE, VERY MUCH,
APPRECIATE IT.
APPRECIATE IT.
>> [INAUDIBLE].
>> [INAUDIBLE].
THANK YOU FOR ALLOWING US TO BE
THANK YOU FOR ALLOWING US TO BE
HERE TODAY.
HERE TODAY.
THANK YOU FOR WHAT YOU ARE DOING
THANK YOU FOR WHAT YOU ARE DOING
FOR US
FOR US
>> THANK YOU VERY MUCH.
>> THANK YOU VERY MUCH.
>> -- [INAUDIBLE] DEVIN ENERGY,
>> -- [INAUDIBLE] DEVIN ENERGY,
THANK YOU VERY MUCH FOR THE
THANK YOU VERY MUCH FOR THE
LEADERSHIP THAT YOU’RE PROVIDING
LEADERSHIP THAT YOU’RE PROVIDING
DURING THIS CHALLENGING TIME.
DURING THIS CHALLENGING TIME.
YOU’RE THE RIGHT MAN AT THE
YOU’RE THE RIGHT MAN AT THE
RIGHT TIME TO BALANCE ALL THE
RIGHT TIME TO BALANCE ALL THE
PRIORITIES AND WE’RE GOING TO BE
PRIORITIES AND WE’RE GOING TO BE
BACK.
BACK.
THANK YOU VERY MUCH.
THANK YOU VERY MUCH.
>> WE’LL GET IT DONE.
>> WE’LL GET IT DONE.
THANK YOU VERY MUCH.
THANK YOU VERY MUCH.
>> MR. PRESIDENT -- [INAUDIBLE]
>> MR. PRESIDENT -- [INAUDIBLE]
PHILLIPS 66.
PHILLIPS 66.
THANK YOU FOR YOUR GREAT
THANK YOU FOR YOUR GREAT
LEADERSHIP IN THIS PANDEMIC.
LEADERSHIP IN THIS PANDEMIC.
[INAUDIBLE] -- STIMULUS PACKAGE,
[INAUDIBLE] -- STIMULUS PACKAGE,
REALLY FOR THE AMERICAN ECONOMY.
REALLY FOR THE AMERICAN ECONOMY.
YOU ARE EMPLOYEES WERE WORKING
YOU ARE EMPLOYEES WERE WORKING
TO PROVIDE ENERGY.
TO PROVIDE ENERGY.
>> WE THINK IT IS GOING TO COME
>> WE THINK IT IS GOING TO COME
BACK QUICKLY.
BACK QUICKLY.
IT’S READY.
IT’S READY.
WE’RE READY.
WE’RE READY.
WE’VE GOT THE RIGHT
WE’VE GOT THE RIGHT
WE ARE WORKING ON -- WE WILL BE
WE ARE WORKING ON -- WE WILL BE
LOOKING VERY SERIOUSLY AT
LOOKING VERY SERIOUSLY AT
INFRASTRUCTURE PACKAGE.
INFRASTRUCTURE PACKAGE.
IT IS SO IMPORTANT FOR OUR
IT IS SO IMPORTANT FOR OUR
COUNTRY, AS OF THIS MOMENT, WE
COUNTRY, AS OF THIS MOMENT, WE
HAVE 7 TRILLION PLUS IN THE
HAVE 7 TRILLION PLUS IN THE
MIDDLE EAST FOR ONE REASON AND
MIDDLE EAST FOR ONE REASON AND
WE DON’T PUT MONEY INTO OUR OWN
WE DON’T PUT MONEY INTO OUR OWN
COUNTRY.
COUNTRY.
SO IT WILL BE A BIG PACKAGE ON
SO IT WILL BE A BIG PACKAGE ON
INFRASTRUCTURE FAIRLY SOON AND I
INFRASTRUCTURE FAIRLY SOON AND I
THINK IT’S FAIRLY IMPORTANT AND
THINK IT’S FAIRLY IMPORTANT AND
IT’S GREAT FOR YOU, AND GREAT
IT’S GREAT FOR YOU, AND GREAT
FOR EVERYBODY.
FOR EVERYBODY.
>> MR. PRESIDENT, WITH EXXON
>> MR. PRESIDENT, WITH EXXON
MOBIL CORPORATION I’D LOVE TO
MOBIL CORPORATION I’D LOVE TO
ADD MY THANKS FOR YOUR
ADD MY THANKS FOR YOUR
LEADERSHIP IN THIS AS WELL AND
LEADERSHIP IN THIS AS WELL AND
SAY ALL OF OUR COMPANIES ARE
SAY ALL OF OUR COMPANIES ARE
LINED IN YOUR OBJECTION TO GET
LINED IN YOUR OBJECTION TO GET
YOUR ECONOMY MOVING AND MAKE
YOUR ECONOMY MOVING AND MAKE
PEOPLE’S LIVES AROUND THE WORLD
PEOPLE’S LIVES AROUND THE WORLD
BETTER.
BETTER.
>> GREAT JOB.
>> GREAT JOB.
THANK YOU.
THANK YOU.
THE CONTINENTAL RESOURCES, THANK
THE CONTINENTAL RESOURCES, THANK
YOU FOR HAVING THIS MEETING, I
YOU FOR HAVING THIS MEETING, I
THINK THIS IS SO TIMELY AND
THINK THIS IS SO TIMELY AND
NECESSARY.
NECESSARY.
WE REALLY APPRECIATE YOUR
WE REALLY APPRECIATE YOUR
LEADERSHIP, ALSO THE
LEADERSHIP, ALSO THE
RELATIONSHIP WITH THE SAUDI AND
RELATIONSHIP WITH THE SAUDI AND
THE PRIME MINISTER IN THE
THE PRIME MINISTER IN THE
CONFERENCE.
CONFERENCE.
AND ALSO ABOUT A MERE VLADIMIR P
AND ALSO ABOUT A MERE VLADIMIR P
THOSE HAVE NOT BEEN EASY AT
THOSE HAVE NOT BEEN EASY AT
TIMES BUT THIS TIME IS
TIMES BUT THIS TIME IS
PARTICULAR YOU NEED IT.
PARTICULAR YOU NEED IT.
I REPRESENT OUR COMPANY AS WELL
I REPRESENT OUR COMPANY AS WELL
AS ENERGY PRODUCERS ALLIANCE.
AS ENERGY PRODUCERS ALLIANCE.
AND WERE ABOUT 10000 COMPANIES
AND WERE ABOUT 10000 COMPANIES
OF INDIVIDUALS, MOSTLY
OF INDIVIDUALS, MOSTLY
INDEPENDENT PRODUCERS.
INDEPENDENT PRODUCERS.
>> GREAT JOB YOU ARE DOING.
>> GREAT JOB YOU ARE DOING.
PRESIDENT PUTIN AND THE CROWN
PRESIDENT PUTIN AND THE CROWN
PRINCE WANT SOMETHING TO HAPPEN
PRINCE WANT SOMETHING TO HAPPEN
BADLY, CERTAINLY TERRIBLE FOR
BADLY, CERTAINLY TERRIBLE FOR
THEM WHAT IS HAPPENING TOO.
THEM WHAT IS HAPPENING TOO.
SO THEY WANT TO SEE SOMETHING
SO THEY WANT TO SEE SOMETHING
HAPPEN, I HAVE SPOKEN ABOUT THAT
HAPPEN, I HAVE SPOKEN ABOUT THAT
AND WE WILL TELL YOU ABOUT THAT.
AND WE WILL TELL YOU ABOUT THAT.
THANK YOU VERY MUCH.
THANK YOU VERY MUCH.
>> TAKING MR. PRESIDENT, JEFF,
>> TAKING MR. PRESIDENT, JEFF,
FOUNDER AND CHAIRMAN, OR
FOUNDER AND CHAIRMAN, OR
DISTINCTION IS WHERE PRIVATE
DISTINCTION IS WHERE PRIVATE
COMPANY, THIS IS THE COMPANY
COMPANY, THIS IS THE COMPANY
THAT IS PLACED IN HOUSTON,
THAT IS PLACED IN HOUSTON,
DOMESTIC ONLY PRODUCTION COMPANY
DOMESTIC ONLY PRODUCTION COMPANY
LEONINE REALLY HERE TODAY TO
LEONINE REALLY HERE TODAY TO
REPRESENT THE INDEPENDENT ENERGY
REPRESENT THE INDEPENDENT ENERGY
COMPANIES, THE FAMILY-OWNED
COMPANIES, THE FAMILY-OWNED
BUSINESSES THAT ARE IN THIS
BUSINESSES THAT ARE IN THIS
INDUSTRY AND TO GIVE YOU REALLY
INDUSTRY AND TO GIVE YOU REALLY
THAT PERSPECTIVE AND ADD TO THE
THAT PERSPECTIVE AND ADD TO THE
CONVERSATION.
CONVERSATION.
THANK YOU FOR YOUR LEADERSHIP.
THANK YOU FOR YOUR LEADERSHIP.
I APPRECIATE IT.
I APPRECIATE IT.
>>  THANK YOU MR. PRESIDENT.
>>  THANK YOU MR. PRESIDENT.
ENERGY TRANSFER, WE ARE THE ONLY
ENERGY TRANSFER, WE ARE THE ONLY
COMPANY, WE TRY TO DO BUSINESS
COMPANY, WE TRY TO DO BUSINESS
WITH EVERYBODY IN THIS ROOM AND
WITH EVERYBODY IN THIS ROOM AND
I THINK WE SUCCESSFULLY DO
I THINK WE SUCCESSFULLY DO
ACTUALLY.
ACTUALLY.
IT IS AN HONOR TO BE HERE AND AN
IT IS AN HONOR TO BE HERE AND AN
HONOR TO BE IN THIS ROOM.
HONOR TO BE IN THIS ROOM.
>> EVERYONE LOVES THAT GUY,
>> EVERYONE LOVES THAT GUY,
RIGHT.
RIGHT.
THANK YOU VERY MUCH.
THANK YOU VERY MUCH.
GREAT JOB YOU’RE DOING.
GREAT JOB YOU’RE DOING.
>> HE IS A WONDERFUL PERSON AND
>> HE IS A WONDERFUL PERSON AND
A WONDERFUL POLITICIAN AND HE
A WONDERFUL POLITICIAN AND HE
WANTS TO SEE THE INDUSTRY GET
WANTS TO SEE THE INDUSTRY GET
STRONG AGAIN.
STRONG AGAIN.
KEVIN DID YOU HAVE ANYTHING TO
KEVIN DID YOU HAVE ANYTHING TO
SAY.
SAY.
>> THEY STAND FOR DOING THIS.
>> THEY STAND FOR DOING THIS.
BY YOU REACHING OUT BY WITH
BY YOU REACHING OUT BY WITH
PRESIDENT PRUDEN AND THE CROWN.
PRESIDENT PRUDEN AND THE CROWN.
, THEY IMPROVED, YOU’RE LOOKING
, THEY IMPROVED, YOU’RE LOOKING
AT A LOT OF JOBS AND A LOT OF
AT A LOT OF JOBS AND A LOT OF
THESE ARE SMALL BUSINESSES THAT
THESE ARE SMALL BUSINESSES THAT
WORK WITH A SMALL INDIVIDUALS.
WORK WITH A SMALL INDIVIDUALS.
YOUR ACTION WAS TO SIGN THE
YOUR ACTION WAS TO SIGN THE
CARES ACT TO GETTING THE SMALL
CARES ACT TO GETTING THE SMALL
BUSINESS LOANS OUT IS GOING VERY
BUSINESS LOANS OUT IS GOING VERY
STRONGLY.
STRONGLY.
NOT AS IT’S NEEDED.
NOT AS IT’S NEEDED.
BUT THE AMERICAN ECONOMY, THE
BUT THE AMERICAN ECONOMY, THE
GREATEST STRENGTH OF ENERGY
GREATEST STRENGTH OF ENERGY
PROVIDES US.
PROVIDES US.
HE IS A GREAT JOB, AND WORN
HE IS A GREAT JOB, AND WORN
PARTLY GIVES US ENERGY
PARTLY GIVES US ENERGY
INDEPENDENCE.
INDEPENDENCE.
IT CHANGES THE WHOLE DYNAMIC
IT CHANGES THE WHOLE DYNAMIC
AROUND THE WORLD.
AROUND THE WORLD.
THANK YOU FOR YOUR LEADERSHIP.
THANK YOU FOR YOUR LEADERSHIP.
>> THANK YOU KEVIN, I JUST SAID
>> THANK YOU KEVIN, I JUST SAID
BANK OF AMERICA IS REALLY
BANK OF AMERICA IS REALLY
STEPPED IN, THEY HAVE DONE A
STEPPED IN, THEY HAVE DONE A
FANTASTIC JOB TODAY.
FANTASTIC JOB TODAY.
>> 10000 JOBS.
>> 10000 JOBS.
>> BANK OF AMERICA HAS BEEN
>> BANK OF AMERICA HAS BEEN
UNBELIEVABLE AND I WANT TO THANK
UNBELIEVABLE AND I WANT TO THANK
THEM AND ALL OF THE COMMUNITY
THEM AND ALL OF THE COMMUNITY
BANKS AND THE SMALLER BANKS THAT
BANKS AND THE SMALLER BANKS THAT
HAVE BEEN MOVING A LOT OF MONEY,
HAVE BEEN MOVING A LOT OF MONEY,
IT’S ALL ABOUT THE PAYCHECK AND
IT’S ALL ABOUT THE PAYCHECK AND
NOBODY WOULD’VE BELIEVED WE
NOBODY WOULD’VE BELIEVED WE
COULD’VE DONE.
COULD’VE DONE.
IT IS A NUMBER OF HOURS BUT THE
IT IS A NUMBER OF HOURS BUT THE
NUMBERS ARE FAR GREATER THEN WE
NUMBERS ARE FAR GREATER THEN WE
WOULD’VE ANTICIPATED.
WOULD’VE ANTICIPATED.
IT IS BEEN REALLY GREAT AND
IT IS BEEN REALLY GREAT AND
THANK YOU TO ALL THE BANKS THAT
THANK YOU TO ALL THE BANKS THAT
PARTICULAR THE BANK OF AMERICA.
PARTICULAR THE BANK OF AMERICA.
THEY HAVE STEPPED UP AND THEY
THEY HAVE STEPPED UP AND THEY
DID IT IN NO BIG DEALS, THEY
DID IT IN NO BIG DEALS, THEY
WERE NOT MAKING A BIG DEAL OUT
WERE NOT MAKING A BIG DEAL OUT
OF ANYTHING FOR THAT WAS
OF ANYTHING FOR THAT WAS
TERRIFIC.
TERRIFIC.
I THINK WHAT WE WANT TO DO,
I THINK WHAT WE WANT TO DO,
JOHN, I KNOW HOW YOU ARE SO
JOHN, I KNOW HOW YOU ARE SO
INVOLVED IN THIS COMING FROM THE
INVOLVED IN THIS COMING FROM THE
GREAT STATE OF TEXAS, WOULD YOU
GREAT STATE OF TEXAS, WOULD YOU
LIKE TO SAY A COUPLE OF WORDS.
LIKE TO SAY A COUPLE OF WORDS.
>> TAKING MR. PRESIDENT AND
>> TAKING MR. PRESIDENT AND
THANK YOU FOR RINGING THIS
THANK YOU FOR RINGING THIS
MEETING, MANY OF US HAVE BEEN
MEETING, MANY OF US HAVE BEEN
TALKING TOGETHER BUT WE CANNOT
TALKING TOGETHER BUT WE CANNOT
GET DONE WHAT NEEDS TO BE DONE,
GET DONE WHAT NEEDS TO BE DONE,
ONLY YOU AND THE ADMINISTRATION
ONLY YOU AND THE ADMINISTRATION
CAN CRITICALLY GIVEN ATTENTION
CAN CRITICALLY GIVEN ATTENTION
OF THE SAUDI’S AND FLOODING THE
OF THE SAUDI’S AND FLOODING THE
MARKETS ADDING INSULT TO INJURY
MARKETS ADDING INSULT TO INJURY
AT A TIME WHEN OUR ECONOMY IS
AT A TIME WHEN OUR ECONOMY IS
SUFFERING ANYWAY BECAUSE OF THE
SUFFERING ANYWAY BECAUSE OF THE
CORONAVIRUS.
CORONAVIRUS.
SO THIS MEETING COULD NOT BE
SO THIS MEETING COULD NOT BE
MORE TIMELY.
MORE TIMELY.
I AGREE WITH WHAT’S BEING SAID
I AGREE WITH WHAT’S BEING SAID
ABOUT THE IMPORTANCE OF
ABOUT THE IMPORTANCE OF
AFFORDABLE ENERGY TO OUR
AFFORDABLE ENERGY TO OUR
STANDARD OF LIVING AND REALLY WE
STANDARD OF LIVING AND REALLY WE
CHANGE THE WORLD AS A RESULT OF
CHANGE THE WORLD AS A RESULT OF
THE PRODUCTION OF DOMESTIC
THE PRODUCTION OF DOMESTIC
ENERGY HERE IN IMPROVE THE
ENERGY HERE IN IMPROVE THE
QUALITY OF LIFE FOR A LOT OF
QUALITY OF LIFE FOR A LOT OF
PEOPLE.
PEOPLE.
>> THANK YOU VERY MUCH.
>> THANK YOU VERY MUCH.
YOU’VE DONE A GREAT JOB.
YOU’VE DONE A GREAT JOB.
JOHN, I AGREE, WE WERE TALKING
JOHN, I AGREE, WE WERE TALKING
THE OTHER DAY THAT WE’VE ALL
THE OTHER DAY THAT WE’VE ALL
DONE WELL AND WE’VE ALSO KEPT
DONE WELL AND WE’VE ALSO KEPT
ENERGY VERY AFFORDABLE, VERY,
ENERGY VERY AFFORDABLE, VERY,
VERY AFFORDABLE AND A LOT OF IT,
VERY AFFORDABLE AND A LOT OF IT,
WE NEVER HAD ANY PROBLEMS, WE
WE NEVER HAD ANY PROBLEMS, WE
WILL KEEP IT THAT WAY.
WILL KEEP IT THAT WAY.
DO I SEE DAN BACK THERE, I WAS
DO I SEE DAN BACK THERE, I WAS
LUCKY AND I THOUGHT THAT LOOK
LUCKY AND I THOUGHT THAT LOOK
LIKE DAN.
LIKE DAN.
>> I WANT TO THANK YOU FOR
>> I WANT TO THANK YOU FOR
CONVENING THIS MEETING.
CONVENING THIS MEETING.
THE TRUMP ADMINISTRATION WORKING
THE TRUMP ADMINISTRATION WORKING
WITH THE CONGRESS IN THE U.S.
WITH THE CONGRESS IN THE U.S.
HAS BECOME THE WORLD ENERGY
HAS BECOME THE WORLD ENERGY
SUPERPOWER, IT IS UNBELIEVABLE,
SUPERPOWER, IT IS UNBELIEVABLE,
THESE COMPANIES HAVE DONE IT,
THESE COMPANIES HAVE DONE IT,
OBVIOUSLY IT’S A VERY IMPORTANT
OBVIOUSLY IT’S A VERY IMPORTANT
ISSUE IN MY STATE, THE GREAT
ISSUE IN MY STATE, THE GREAT
STATE OF ALASKA BUT THESE ARE
STATE OF ALASKA BUT THESE ARE
GREAT JOBS AS JOHN CORNYN JUST
GREAT JOBS AS JOHN CORNYN JUST
SAID, FOR ALL OF HER STATES WERE
SAID, FOR ALL OF HER STATES WERE
REALLY IMPORTANT FOR THE
REALLY IMPORTANT FOR THE
NATIONAL SECURITY OF OUR COUNTRY
NATIONAL SECURITY OF OUR COUNTRY
TO AND WE HAVE BEEN, NUMBER OF
TO AND WE HAVE BEEN, NUMBER OF
SENATORS HAVE BEEN REACHING OUT
SENATORS HAVE BEEN REACHING OUT
AND HAVING DISGUSTED WITH THE
AND HAVING DISGUSTED WITH THE
SAUDI’S SAYING IF YOU ARE A
SAUDI’S SAYING IF YOU ARE A
LONG-STANDING ALLY OF OURS,
LONG-STANDING ALLY OF OURS,
RIGHT NOW YOU ARE HURTING A LOT
RIGHT NOW YOU ARE HURTING A LOT
OF OUR CITIZENS AND A LOT OF
OF OUR CITIZENS AND A LOT OF
PEOPLE THAT WE REPRESENT, YOU
PEOPLE THAT WE REPRESENT, YOU
SHOULD NOT TAKE THIS FOR
SHOULD NOT TAKE THIS FOR
GRANTED.
GRANTED.
WE HAVE A GREAT MILITARY THAT IS
WE HAVE A GREAT MILITARY THAT IS
PROTECTED SAUDI ARABIA FOR
PROTECTED SAUDI ARABIA FOR
DECADES AND SENATOR CRAMER AND I
DECADES AND SENATOR CRAMER AND I
HAVE LEGISLATION THAT COULD
HAVE LEGISLATION THAT COULD
POSSIBLY CHANGE THAT IF THEY
POSSIBLY CHANGE THAT IF THEY
DON’T START TO COOPERATE.
DON’T START TO COOPERATE.
AGAIN WE APPRECIATE YOUR
AGAIN WE APPRECIATE YOUR
LEADERSHIP WITH THE CROWN
LEADERSHIP WITH THE CROWN
PRINCE, WITH THE RUSSIANS IN
PRINCE, WITH THE RUSSIANS IN
CALLING THIS MEETING.
CALLING THIS MEETING.
BUT THIS IS A GREAT SECTOR OF
BUT THIS IS A GREAT SECTOR OF
THE U.S. ECONOMY THAT ONCE WE
THE U.S. ECONOMY THAT ONCE WE
GET THROUGH THIS, WE WILL, THIS
GET THROUGH THIS, WE WILL, THIS
PANDEMIC, THE SECTOR WILL TAKE
PANDEMIC, THE SECTOR WILL TAKE
OFF AGAIN IN YOUR ADMINISTRATION
OFF AGAIN IN YOUR ADMINISTRATION
HAS HAD A LOT TO DO WITH THE
HAS HAD A LOT TO DO WITH THE
U.S. ENERGY SECTOR AND WE NEED
U.S. ENERGY SECTOR AND WE NEED
TO KEEP A STRONG.
TO KEEP A STRONG.
>> THANK YOU VERY MUCH.
>> THANK YOU VERY MUCH.
KEVIN CRAMER, NORTH DAKOTA,
KEVIN CRAMER, NORTH DAKOTA,
PEOPLE DON’T REALIZE HOW BIG OF
PEOPLE DON’T REALIZE HOW BIG OF
A PRODUCER YOU ARE IN NORTH
A PRODUCER YOU ARE IN NORTH
DAKOTA.
DAKOTA.
[LAUGHTER]
[LAUGHTER]
MR. PRESIDENT THE PEOPLE AROUND
MR. PRESIDENT THE PEOPLE AROUND
YOUR TABLE ARE PART OF THE
YOUR TABLE ARE PART OF THE
RENAISSANCE OF OIL AND GAS IN
RENAISSANCE OF OIL AND GAS IN
THIS COUNTRY.
THIS COUNTRY.
AS YOU BECAME PRESIDENT WE WENT
AS YOU BECAME PRESIDENT WE WENT
FROM THE RENAISSANCE TO SECURITY
FROM THE RENAISSANCE TO SECURITY
TO INDEPENDENCE TO DOMINANCE.
TO INDEPENDENCE TO DOMINANCE.
THAT DOMINANT INSECURITY RIGHT
THAT DOMINANT INSECURITY RIGHT
NOW ARE IN SOME DANGER.
NOW ARE IN SOME DANGER.
A QUICK EXAMPLE, NORTH DAKOTA
A QUICK EXAMPLE, NORTH DAKOTA
SAYS SAUDI ARABIA AND RUSSIA
SAYS SAUDI ARABIA AND RUSSIA
ANNOUNCED A PRICE WORK, WE HAVE
ANNOUNCED A PRICE WORK, WE HAVE
HAD $6 BILLION OF
HAD $6 BILLION OF
X-UPPERCASE-LETTER TAKEN OUT OF
X-UPPERCASE-LETTER TAKEN OUT OF
OUR STATE PLAN FOR THIS YEAR.
OUR STATE PLAN FOR THIS YEAR.
SO THAT IS SIGNIFICANT AND
SO THAT IS SIGNIFICANT AND
REPRESENTS NOT JUST CAP ACTS BUT
REPRESENTS NOT JUST CAP ACTS BUT
LOTS OF JOBS, LOTS OF PEOPLE IN
LOTS OF JOBS, LOTS OF PEOPLE IN
THE VALUE CHAIN AND I WILL ADD
THE VALUE CHAIN AND I WILL ADD
ONE WORD TO SAUDI ARABIA, BY ONE
ONE WORD TO SAUDI ARABIA, BY ONE
REPORT 2018 THAT WE SPENT A
REPORT 2018 THAT WE SPENT A
MINIMUM OF $81 BILLION DEFENDING
MINIMUM OF $81 BILLION DEFENDING
GLOBAL OIL SUPPLIES.
GLOBAL OIL SUPPLIES.
WE CAN USE THAT MONEY AND
WE CAN USE THAT MONEY AND
NATURAL DEFENSE AND OTHER
NATURAL DEFENSE AND OTHER
HOTSPOTS IN THE WORLD.
HOTSPOTS IN THE WORLD.
IF OUR FRIENDS ARE GOING TO
IF OUR FRIENDS ARE GOING TO
TWEET US THIS WAY, WE APPRECIATE
TWEET US THIS WAY, WE APPRECIATE
YOUR OUTREACH, WE THINK WERE
YOUR OUTREACH, WE THINK WERE
HAPPILY THERE WITH THE SUCCESS
HAPPILY THERE WITH THE SUCCESS
OF YOUR DIPLOMACY.
OF YOUR DIPLOMACY.
THANK YOU.
THANK YOU.
>> IT HAS GONE UP AND WE HAVE TO
>> IT HAS GONE UP AND WE HAVE TO
ORDER WE WOULD LOSE A LOT OF
ORDER WE WOULD LOSE A LOT OF
JOBS, A LOT OF JOB PRODUCERS
JOBS, A LOT OF JOB PRODUCERS
ANYWHERE KEVIN.
ANYWHERE KEVIN.
YOU HAVE ANYTHING TO SAY.
YOU HAVE ANYTHING TO SAY.
>> MR. PRESIDENT, MIKE SOMMERS,
>> MR. PRESIDENT, MIKE SOMMERS,
PRESIDENT AND CEO OF AMERICAN
PRESIDENT AND CEO OF AMERICAN
PETROLEUM INSTITUTE.
PETROLEUM INSTITUTE.
LOOKS AROUND THE TABLE REPRESENT
LOOKS AROUND THE TABLE REPRESENT
THE ENERGY REVOLUTION.
THE ENERGY REVOLUTION.
WE WANT TO THANK YOU FOR
WE WANT TO THANK YOU FOR
EVERYTHING THAT YOU HAVE DONE TO
EVERYTHING THAT YOU HAVE DONE TO
SUPPORT THAT REVOLUTION AND WE
SUPPORT THAT REVOLUTION AND WE
WANT TO MAKE SURE THAT
WANT TO MAKE SURE THAT
REVOLUTION CONTINUES AFTER THIS
REVOLUTION CONTINUES AFTER THIS
PANDEMIC CRISIS IS SOLVED.
PANDEMIC CRISIS IS SOLVED.
>> THANK YOU.
>> THANK YOU.
[LAUGHTER]
[LAUGHTER]
>> WHAT ARE YOU DOING THERE.
>> WHAT ARE YOU DOING THERE.
[LAUGHTER]
[LAUGHTER]
>> MR. PRESIDENT THIS IS AN
>> MR. PRESIDENT THIS IS AN
IMPORTANT MEETING AND THE TIME
IMPORTANT MEETING AND THE TIME
AS YOU KNOW, CRISIS ALL ACROSS
AS YOU KNOW, CRISIS ALL ACROSS
THE COUNTRY, PUBLIC HEALTH
THE COUNTRY, PUBLIC HEALTH
CRISIS AND ECONOMIC CRISIS.
CRISIS AND ECONOMIC CRISIS.
AS YOU KNOW AND AS YOU HAVE
AS YOU KNOW AND AS YOU HAVE
HEARD FROM EVERYONE AROUND THE
HEARD FROM EVERYONE AROUND THE
TABLE THE ENERGY SECTOR HAS BEEN
TABLE THE ENERGY SECTOR HAS BEEN
A BIG PART OF THE ECONOMIC
A BIG PART OF THE ECONOMIC
SUCCESS THAT WE HAVE ENJOYED
SUCCESS THAT WE HAVE ENJOYED
OVER THE LAST SEVERAL YEARS.
OVER THE LAST SEVERAL YEARS.
IN THE COMBINATION OF THE
IN THE COMBINATION OF THE
ECONOMIC CORONAVIRUS CRISIS
ECONOMIC CORONAVIRUS CRISIS
COMBINED WITH THE SAUDIS AND
COMBINED WITH THE SAUDIS AND
RUSSIANS WAGING ECONOMIC WARFARE
RUSSIANS WAGING ECONOMIC WARFARE
WARFARE, IT’S BEEN A PERFECT
WARFARE, IT’S BEEN A PERFECT
STORM IN THE ENERGY SECTOR.
STORM IN THE ENERGY SECTOR.
I WILL TELL YOU, THERE’S A LOT
I WILL TELL YOU, THERE’S A LOT
OF JOBS, MILLIONS OF JOBS IN
OF JOBS, MILLIONS OF JOBS IN
TEXAS AND ACROSS THE COUNTRY
TEXAS AND ACROSS THE COUNTRY
THAT REPRESENT MEN AROUND THIS
THAT REPRESENT MEN AROUND THIS
TABLE AND ENERGY PRODUCERS AND
TABLE AND ENERGY PRODUCERS AND
THERE ARE SMALL PRODUCERS
THERE ARE SMALL PRODUCERS
THROUGHOUT TEXAS AND THROUGHOUT
THROUGHOUT TEXAS AND THROUGHOUT
THE COUNTRY WHO ARE ON THE VERGE
THE COUNTRY WHO ARE ON THE VERGE
OF BEING DRIVEN OUT.
OF BEING DRIVEN OUT.
SO THIS MEETING IS IMPORTANT, I
SO THIS MEETING IS IMPORTANT, I
THINK EVERYONE OF THE SENATORS
THINK EVERYONE OF THE SENATORS
IN THIS ROOM HAS HAD MULTIPLE
IN THIS ROOM HAS HAD MULTIPLE
CONVERSATIONS WITH THE SAUDI’S
CONVERSATIONS WITH THE SAUDI’S
LEADING IN YOUR LEADERSHIP AND
LEADING IN YOUR LEADERSHIP AND
WITH THE CROWN PRINCE HAD A BIG
WITH THE CROWN PRINCE HAD A BIG
IMPACT GETTING THEM TO STOP
IMPACT GETTING THEM TO STOP
FLOODING THE MARKET AND TAKEN
FLOODING THE MARKET AND TAKEN
ADVANTAGE OF THE CRISIS AND I
ADVANTAGE OF THE CRISIS AND I
WOULD -UNDERSCORE ONE OTHER
WOULD -UNDERSCORE ONE OTHER
ISSUE WITH A NUMBER OF THE FOLKS
ISSUE WITH A NUMBER OF THE FOLKS
AROUND THIS ISSUE I’M VERY
AROUND THIS ISSUE I’M VERY
CONCERNED ABOUT IS ENSURING THAT
CONCERNED ABOUT IS ENSURING THAT
THOSE IN ENERGY IN THIS TIME OF
THOSE IN ENERGY IN THIS TIME OF
CRISIS HAVE ACCESS TO CAPITAL.
CRISIS HAVE ACCESS TO CAPITAL.
THERE ARE JOBS IN THE ENERGY
THERE ARE JOBS IN THE ENERGY
PRODUCERS IN THIS COUNTRY THAT
PRODUCERS IN THIS COUNTRY THAT
HAVE MADE AMERICA THE NUMBER ONE
HAVE MADE AMERICA THE NUMBER ONE
PRODUCER OF OIL AND GAS IN THE
PRODUCER OF OIL AND GAS IN THE
WORLD CANNOT ACCESS CAPITAL TO
WORLD CANNOT ACCESS CAPITAL TO
GET OUT OF THE CRISIS, WE WILL
GET OUT OF THE CRISIS, WE WILL
SEE BANKRUPTCY AT A LEVEL THIS
SEE BANKRUPTCY AT A LEVEL THIS
COUNTRY HAS NOT SEEN IN DECADES.
COUNTRY HAS NOT SEEN IN DECADES.
SO THIS MEETING WITH THE
SO THIS MEETING WITH THE
CONTINUED LEADERSHIP IN YOUR
CONTINUED LEADERSHIP IN YOUR
ADMINISTRATION IS HUGELY
ADMINISTRATION IS HUGELY
IMPORTANT.
IMPORTANT.
>> THANK YOU REMOTE.
>> THANK YOU REMOTE.
WHEN YOU’RE UP, THE CONCEPT
WHEN YOU’RE UP, THE CONCEPT
VERSUS OIL RESERVES, STORING
VERSUS OIL RESERVES, STORING
OIL, FILLING UP THE NATIONAL
OIL, FILLING UP THE NATIONAL
RESERVES AS YOU KNOW, GETTING A
RESERVES AS YOU KNOW, GETTING A
REALLY GREAT PRICE.
REALLY GREAT PRICE.
BUT THESE PRICES THAT KEVIN AND
BUT THESE PRICES THAT KEVIN AND
I HAVE BEEN SPEAKING ABOUT AND
I HAVE BEEN SPEAKING ABOUT AND
JOHN AND I, THESE PRICES, YOU
JOHN AND I, THESE PRICES, YOU
WOULD THINK YOU WOULD WANT EVERY
WOULD THINK YOU WOULD WANT EVERY
CABINET THAT WE HAVE IN THIS
CABINET THAT WE HAVE IN THIS
COUNTRY AND IN LOUISIANA AND
COUNTRY AND IN LOUISIANA AND
OTHER AREAS AND CAN BE FILLED
OTHER AREAS AND CAN BE FILLED
UP, THEY HOLD A LOT OF OIL.
UP, THEY HOLD A LOT OF OIL.
BUT AT THESE PRICES IT WOULD BE
BUT AT THESE PRICES IT WOULD BE
GOOD AND KEEP EVERYBODY WORKING.
GOOD AND KEEP EVERYBODY WORKING.
BUT YOU THINK YOU WOULD WANT TO
BUT YOU THINK YOU WOULD WANT TO
FILL UP THOSE AREAS, WHAT DO YOU
FILL UP THOSE AREAS, WHAT DO YOU
THINK OF THAT.
THINK OF THAT.
>> I THINK THAT’S EXACTLY RIGHT,
>> I THINK THAT’S EXACTLY RIGHT,
I THINK IT MAKES SENSE IN TERMS
I THINK IT MAKES SENSE IN TERMS
OF EASING THE PRESSURE THAT IS
OF EASING THE PRESSURE THAT IS
THAT IN THESE JOBS.
THAT IN THESE JOBS.
IT ALSO MAKES SENSE FOR THE
IT ALSO MAKES SENSE FOR THE
TAXPAYER.
TAXPAYER.
THE STRATEGIC PETROLEUM RESERVE
THE STRATEGIC PETROLEUM RESERVE
IS THERE INTENSIVE CRISIS AND
IS THERE INTENSIVE CRISIS AND
USUALLY THE WAY THE FEDERAL
USUALLY THE WAY THE FEDERAL
GOVERNMENT WORKS, WE BUY WHEN
GOVERNMENT WORKS, WE BUY WHEN
IT’S EXPENSIVE AND WE SELL WHEN
IT’S EXPENSIVE AND WE SELL WHEN
IT’S CHEAP.
IT’S CHEAP.
WE ACTUALLY HAVE AN OPPORTUNITY
WE ACTUALLY HAVE AN OPPORTUNITY
TO BUY WHEN IT IS CHEAP.
TO BUY WHEN IT IS CHEAP.
I THINK IT WAS INEXCUSABLE THE
I THINK IT WAS INEXCUSABLE THE
DEMOCRATIC LEADERSHIP IN THE
DEMOCRATIC LEADERSHIP IN THE
HOUSE AND SENATE BROUGHT THAT IN
HOUSE AND SENATE BROUGHT THAT IN
THE BILL THAT WE PASSED LAST
THE BILL THAT WE PASSED LAST
WEEK AND I THINK CONGRESS NEEDS
WEEK AND I THINK CONGRESS NEEDS
TO GO BACK AND ADDRESS IT.
TO GO BACK AND ADDRESS IT.
>> THE SPEAKER CAME IN AND
>> THE SPEAKER CAME IN AND
THAT’S THE ONE THING THAT SHE
THAT’S THE ONE THING THAT SHE
HELD THE BELOW --
HELD THE BELOW --
>> TWENTY-DOLLAR.
>> TWENTY-DOLLAR.
>> THERE ARE MANY DEMOGRAPHICS.
>> THERE ARE MANY DEMOGRAPHICS.
>> I THINK THEY SHOULD GO BACK,
>> I THINK THEY SHOULD GO BACK,
I THINK YOU SHOULD GO BACK AND
I THINK YOU SHOULD GO BACK AND
SEE JOHN, IF YOU GUYS CAN GO
SEE JOHN, IF YOU GUYS CAN GO
BACK IN THE BILL AND BEYOND THAT
BACK IN THE BILL AND BEYOND THAT
I THINK IT’S 75 BILLION BARRELS
I THINK IT’S 75 BILLION BARRELS
RIGHT NOW.
RIGHT NOW.
THAT IS NOT THAT MUCH.
THAT IS NOT THAT MUCH.
SO IT’S REALLY PRETTY GOOD
SO IT’S REALLY PRETTY GOOD
SHAPE.
SHAPE.
BUT WE HAVE OTHER AREAS THAT ARE
BUT WE HAVE OTHER AREAS THAT ARE
BIGGER FRANKLY THAT WE COULD
BIGGER FRANKLY THAT WE COULD
FILL UP BUT AT THOSE PRICES WE
FILL UP BUT AT THOSE PRICES WE
SHOULD BE PUMPING IT OUT.
SHOULD BE PUMPING IT OUT.
MAYBE YOU GUYS CAN CHECK IN TO
MAYBE YOU GUYS CAN CHECK IN TO
SEE WHAT YOU CAN DO.
SEE WHAT YOU CAN DO.
I DON’T THINK ANYONE CAN REJECT
I DON’T THINK ANYONE CAN REJECT
IT.
IT.
NOBODY CAN REJECT IT.
NOBODY CAN REJECT IT.
TED CAN YOU WORK ON THAT.
TED CAN YOU WORK ON THAT.
>> ABSOLUTELY.
>> ABSOLUTELY.
>> ANYBODY ELSE, DAVID YOU GUYS
>> ANYBODY ELSE, DAVID YOU GUYS
OKAY?
OKAY?
>> ONE THING, MR. PRESIDENT.
>> ONE THING, MR. PRESIDENT.
THE DEPARTMENT THEY MANAGE A
THE DEPARTMENT THEY MANAGE A
LARGE PORTION OF LAND, ONE OTHER
LARGE PORTION OF LAND, ONE OTHER
CASE WE HAVE DONE OVER THE LAST
CASE WE HAVE DONE OVER THE LAST
15 DAYS, TO SLOW THE SPREAD, WE
15 DAYS, TO SLOW THE SPREAD, WE
HAVE REALLY HAD OUR SPECTERS OUT
HAVE REALLY HAD OUR SPECTERS OUT
ON THE FRONT LINE, WE WILL MAKE
ON THE FRONT LINE, WE WILL MAKE
SURE THAT IT’S INCURRING AND
SURE THAT IT’S INCURRING AND
SAVE IN A RESPONSIBLE MANNER AND
SAVE IN A RESPONSIBLE MANNER AND
THINK OF HER BUDDY FOR THE
THINK OF HER BUDDY FOR THE
COOPERATION.
COOPERATION.
THESE JOBS ARE SO IMPORTANT TO
THESE JOBS ARE SO IMPORTANT TO
THE AMERICAN PEOPLE AND IT’S
THE AMERICAN PEOPLE AND IT’S
IMPORTANT THAT WE MAKE SURE --
IMPORTANT THAT WE MAKE SURE --
>> HE’S THE BIGGEST LANDOWNER IN
>> HE’S THE BIGGEST LANDOWNER IN
THE COUNTRY.
THE COUNTRY.
THE MEETING IS CALLED INTERIOR.
THE MEETING IS CALLED INTERIOR.
GREAT JOB YOU’RE DOING.
GREAT JOB YOU’RE DOING.
>> MR. PRESIDENT, THANK YOU,
>> MR. PRESIDENT, THANK YOU,
THANK YOU, SIR.
THANK YOU, SIR.
I’M THE SECRETARY OF ENERGY, THE
I’M THE SECRETARY OF ENERGY, THE
ANNOUNCEMENT FOR
ANNOUNCEMENT FOR
30 MILLION BARRELS THIS WEEK,
30 MILLION BARRELS THIS WEEK,
NOW IS STANDING THEY PRESUME
NOW IS STANDING THEY PRESUME
UNDER PURSUE THE ALTERNATIVE
UNDER PURSUE THE ALTERNATIVE
FINANCING MECHANISM.
FINANCING MECHANISM.
>> I THINK YOU WILL.
>> I THINK YOU WILL.
I WAS NOT WORRIED ABOUT
I WAS NOT WORRIED ABOUT
APPEARING.
APPEARING.
WHAT ARE YOU PAYING PER BARREL.
WHAT ARE YOU PAYING PER BARREL.
>> WE COULD PAY OUT.
>> WE COULD PAY OUT.
[LAUGHTER]
[LAUGHTER]
>> WERE GOING TO GO NEGATIVE.
>> WERE GOING TO GO NEGATIVE.
LIKE INDUSTRIES.
LIKE INDUSTRIES.
>> MR. PRESIDENT, I WANT TO
>> MR. PRESIDENT, I WANT TO
KNOW, SO THE INDUSTRY PLAYERS
KNOW, SO THE INDUSTRY PLAYERS
CAN HEAR, WERE MOVING VERY
CAN HEAR, WERE MOVING VERY
AGGRESSIVELY AND USING EVERY
AGGRESSIVELY AND USING EVERY
TOOL THAT WE HAVE AT THE U.S.
TOOL THAT WE HAVE AT THE U.S.
DEPARTMENT OF ENERGY NOT ONLY TO
DEPARTMENT OF ENERGY NOT ONLY TO
PROVIDE IMMEDIATE RELIEF FOR
PROVIDE IMMEDIATE RELIEF FOR
THIS INDUSTRY AND THE ECONOMY
THIS INDUSTRY AND THE ECONOMY
ITSELF BUT TO LOOK AT TECHNOLOGY
ITSELF BUT TO LOOK AT TECHNOLOGY
OVER TIME FOR THE STRUCTURE FOR
OVER TIME FOR THE STRUCTURE FOR
THE ENTIRE INDUSTRY.
THE ENTIRE INDUSTRY.
WERE MOVING AS AGGRESSIVELY AS
WERE MOVING AS AGGRESSIVELY AS
WE CAN, THANK YOU FOR YOUR
WE CAN, THANK YOU FOR YOUR
LEADERSHIP.
LEADERSHIP.
>> CHECK OUT OTHER AREAS WHERE
>> CHECK OUT OTHER AREAS WHERE
YOU CAN STORE ORIOLE.
YOU CAN STORE ORIOLE.
THERE ARE SOME VERY GOOD ONES,
THERE ARE SOME VERY GOOD ONES,
BIGGER THAN WHAT WE HAVE NOW AND
BIGGER THAN WHAT WE HAVE NOW AND
AT THESE PRICES YOU SHOULD DO
AT THESE PRICES YOU SHOULD DO
IT.
IT.
FILL IT UP.
FILL IT UP.
FILL UP THE TANK.
FILL UP THE TANK.
>> YOU GUYS HAVE BEEN SO GREAT,
>> YOU GUYS HAVE BEEN SO GREAT,
THIS IS NOT YOUR MEETING BUT BOB
THIS IS NOT YOUR MEETING BUT BOB
HAS THE BEST TRADE DEALS IN THE
HAS THE BEST TRADE DEALS IN THE
COUNTRY AND ONE OF THEM LOANS ON
COUNTRY AND ONE OF THEM LOANS ON
APRIL 1 WITH CHINA AND I HOPE
APRIL 1 WITH CHINA AND I HOPE
THEY ARE BUYING A LOT.
THEY ARE BUYING A LOT.
I HOPE.
I HOPE.
>> I’M A QUESTION MR. PRESIDENT.
>> I’M A QUESTION MR. PRESIDENT.
>> HE JUST WANTS TO MAKE DEALS
>> HE JUST WANTS TO MAKE DEALS
THAT IS ALL.
THAT IS ALL.
AND YOU’VE DONE A GREAT JOB.
AND YOU’VE DONE A GREAT JOB.
THANK YOU VERY MUCH.
THANK YOU VERY MUCH.
WE WILL HAVE A NEWS CONFERENCE
WE WILL HAVE A NEWS CONFERENCE
AT ABOUT 5:00 O’CLOCK, 515 MAYBE
AT ABOUT 5:00 O’CLOCK, 515 MAYBE
AND WE WILL SEE YOU IN A LITTLE
AND WE WILL SEE YOU IN A LITTLE
WHILE TO ANSWER QUESTIONS.
WHILE TO ANSWER QUESTIONS.
THIS IS A GREAT GROUP OF LEADERS
THIS IS A GREAT GROUP OF LEADERS
AND WE HAVE TO MAKE SURE THAT WE
AND WE HAVE TO MAKE SURE THAT WE
ARE PRESERVED AND MAKE GREATER
ARE PRESERVED AND MAKE GREATER
OUR ENERGY INDUSTRY AND I WANT
OUR ENERGY INDUSTRY AND I WANT
TO THANK ALL OF THE SENATORS AND
TO THANK ALL OF THE SENATORS AND
CONGRESSMEN AND THE BOSS HERE
CONGRESSMEN AND THE BOSS HERE
FOR BEING HERE AND WORKING SO
FOR BEING HERE AND WORKING SO
HARD.
HARD.
I WILL TELL YOU WHAT, THEY ARE
I WILL TELL YOU WHAT, THEY ARE
CALLING ME CONSTANTLY, THEY WANT
CALLING ME CONSTANTLY, THEY WANT
YOUR INDUSTRY TO BE SUCCESSFUL
YOUR INDUSTRY TO BE SUCCESSFUL
AND THEY WILL MAKE IT THAT WAY
AND THEY WILL MAKE IT THAT WAY
PER WE WILL ALL MAKE IT THAT
PER WE WILL ALL MAKE IT THAT
WAY.
WAY.
I WILL SEE YOU AT 5:00 O’CLOCK,
I WILL SEE YOU AT 5:00 O’CLOCK,
SAME PLACE AND WE LOOK FORWARD
SAME PLACE AND WE LOOK FORWARD
TO IT.
