The truth about oil money

Hinzugefügt: 2026-05-19

[00:00:00]is now betting that Trump will do an export ban. And what he's betting on is that just to explain, you know, the exact mechanism, he is betting on the spread between West Texas oil futures and Brent crude futures. The only way that would happen, you know, even more so is if we had an oil export ban. And this seems, again, like a clean talking point. We'll just no more oil. But that doesn't account for California getting a third of its oil from the Middle East. So, where's the rest of it going to come from? Are there refineries even set up to refine oil, let's say from Venezuela or from Texas or from anywhere else in the United States? And if they are, how can we even get the oil over? These are huge logistical problems to keep everybody on the road and in the long run would create more it would actually create individual shortages, probably like in California or elsewhere. It might immediately actually lower the price here, but in a month, maybe three, you would begin to see problems. In six months, you're just going to have straight up, you know, shortage. And also, it would actually dry up one of Trump's biggest talking points, which is we're making so much money off of this, which is technically true if you are in Texas or if you are an oil company who are making money hands over fist. So, yeah, if you're in Midland or if you're a Houston strip club owner, you're doing great.

[00:01:18]Or a Ford F-150 dealer in Midland, you know, this is it's money for Yeah, if you're a land man, right, exactly. Actually met a fan of ours who's a So, that's the thing I've been sort of kind of halfway saying to people for the past like month and a half, two months.

[00:01:34]Since this whole thing started. And actually, there's another clip that we'll we'll get to here in just a second of of Cenk Uygur and uh Shawn Ryan talking about it. Um but like like he said, I think he said it in there, the last shipment that California got was the other day.

[00:01:58]That So, like we haven't actually felt the the economic downturn from the decisions that Trump has made within the past year.

[00:02:08]Uh specifically 2 months. And and it's it's going to get bad. Like people I mean a Experts are all sounding the alarm, guys. It's it's not looking good. Um so, you know, but we'll we'll we'll