Trump: 'We Don't Need Oil. We Don't Need The Straits. We Don't Need Anything'

Added: 2026-05-28

[00:00:00]So, we're producing right now more oil by double than Russia and Saudi Arabia combined. There's never been anything like that. We have We don't need oil. We don't need the strength. We don't need anything, but we have more oil now being produced by double, by two times, than [clears throat] Russia and Saudi Arabia combined.

[00:00:20]Great Great stat.

[00:00:22]Uh you want to say something about that?

[00:00:24]Well, I I would President Trump, under your leadership, uh we've opened up uh lease sales on public land. This is land that was put away for the benefit and the use of the American people, like the Strategic Petroleum Reserve in Alaska.

[00:00:37]Uh the Biden administration had illegally stopped holding lease sales during their administration. Uh President Trump uh famously said, "Drill, baby, drill." But before you can drill, you've got to open public lands.

[00:00:48]I We Between the lease sales that have happened in the the Permian, uh in the Bakken, and on the North Slope, uh I just in just since January of this year, it's over $4 billion of revenue has come into the Treasury. That's 13 times more than the Biden administration brought in on lease sales in the entire 4 years they were in the in office. Uh sir, your policies brought that in in 5 months.

[00:01:12]So, with that, a lot of excitement, a lot of activity. We also inherited uh just in one district in Carlsbad, New Mexico, 5,600 unprocessed applications to drill for oil and gas on public land. And when you when we're drilling on public land, th- those companies pay a royalty, and that money comes to all of our citizens, and it goes to local school districts, and it goes to states. It is the core of the economy in parts of our country.

[00:01:39]The team down there working for the Department of Interior Bureau of Land Management has dropped that by 91%.

[00:01:44]Uh it's one of the reasons why they had a record lease sales, because now people go, "I can bid on federal land, and I'm going to get a permit to drill, and it's not going to take me 5 years to get it.

[00:01:53]I'm going to get it in a a or less." Uh and so, it's just it's exciting to see uh your vision and of course with this energy dominance, us as you did noted, uh largest oil producer in the world, largest natural gas producer in the world, largest natural gas exporter. Uh this is an opportunity for us to bring prosperity and affordability here at home, but also bring peace abroad. So uh President Trump, your energy dominance uh strategy with Chris Wright, Lisa and all the people that are working on this, people around the room, uh you know, it's it's been really incredible. And of course uh you mentioned Venezuela, but all that flowing to our Gulf Coast refineries is also helping to keep the price of gas down at home. Uh it's a again, it's a it's an amazing transformation. Bottom line is the center of geopolitics around energy has moved from other parts of the world to the Western Hemisphere in the last 5 months. You turned Venezuela from a sanctioned adversary into a into a strategic ally in 45 minutes. Never happened in history before.

[00:02:54]Uh and what's going on in Alaska, we're when I was there last week in Alaska in the North Slope, 80,000 barrels a day coming online at at Pikka, that wouldn't have happened with you. It's up by Willow on the North Slope. That's going into the into the Alaska pipeline. 20% increase just off that one field. Uh so amazing work. Uh it's energy's a high-tech industry and and those guys are crushing it and they're loving loving the fact that they can provide affordable, reliable, secure energy [clears throat] for America.