Trump: Russians, Saudis Should Cut Oil Production Further

REPORTER Mr President could ░░░░░░░░ comment a little bit ░░░░░░░░ what you re considering ░░░░░░░░ now for helping the ░░░░░░░░ and gas industry TRUMP ░░░░░░░░ I want to help ░░░░░░░░ industry That industry got ░░░░░░░░ hurt by massive amounts ░░░░░░░░ oil being produced by ░░░░░░░░ big countries Oil producing ░░░░░░░░ And they got carried ░░░░░░░░ I got involved with ░░░░░░░░ two countries to have ░░░░░░░░ make peace with each ░░░░░░░░ but by the time ░░░░░░░░ get involved all of ░░░░░░░░ sudden I mean they ░░░░░░░░ billions of barrels They ░░░░░░░░ saw anything like it ░░░░░░░░ tanker is loaded up ░░░░░░░░ oil sitting out in ░░░░░░░░ ocean Oil is less ░░░░░░░░ water Nobody s ever ░░░░░░░░ anything like it In ░░░░░░░░ respects for our country ░░░░░░░░ and airplanes and all ░░░░░░░░ the things you have ░░░░░░░░ do with the airlines ░░░░░░░░ are trying to make ░░░░░░░░ airlines work again and ░░░░░░░░ will We just provided ░░░░░░░░ for them which was ░░░░░░░░ We re going to ░░░░░░░░ our airlines and all ░░░░░░░░ employees totally intact In ░░░░░░░░ ways the fuel cost ░░░░░░░░ very low I m ░░░░░░░░ energy person I love ░░░░░░░░ energy business We are ░░░░░░░░ independent and we are ░░░░░░░░ to stay that way ░░░░░░░░ are also filling up ░░░░░░░░ you know John our ░░░░░░░░ strategic reserves And we ░░░░░░░░ filling up like never ░░░░░░░░ We are frankly getting ░░░░░░░░ good prices okay As ░░░░░░░░ should Very good prices ░░░░░░░░ are filling up the ░░░░░░░░ that s 75 million ░░░░░░░░ We are going to ░░░░░░░░ that filled up pretty ░░░░░░░░ It ll be filled ░░░░░░░░ the first time in ░░░░░░░░ long time And were ░░░░░░░░ it at a very ░░░░░░░░ low cost That s ░░░░░░░░ Now it ll come ░░░░░░░░ when the virus is ░░░░░░░░ They lost 40 percent ░░░░░░░░ their market because of ░░░░░░░░ virus In all fairness ░░░░░░░░ even the producers and ░░░░░░░░ the countries They lost ░░░░░░░░ percent of their market ░░░░░░░░ people aren t driving ░░░░░░░░ they re not doing ░░░░░░░░ All of a sudden ░░░░░░░░ re not flying in ░░░░░░░░ the airline business was ░░░░░░░░ shut down So all ░░░░░░░░ this massive amount of ░░░░░░░░ and this is all ░░░░░░░░ the world this isn ░░░░░░░░ here It s in ░░░░░░░░ every country I probably ░░░░░░░░ as you know I ░░░░░░░░ been talking about 184 ░░░░░░░░ Probably more than that ░░░░░░░░ 184 A very sophisticated ░░░░░░░░ of mine said I ░░░░░░░░ knew you had 184 ░░░░░░░░ We actually have more ░░░░░░░░ that But 184 countries ░░░░░░░░ we know of have ░░░░░░░░ affected by this The ░░░░░░░░ business lost 40 50 ░░░░░░░░ of their market Who ░░░░░░░░ have seen a thing ░░░░░░░░ that coming As soon ░░░░░░░░ this comes back and ░░░░░░░░ the cutting the energy ░░░░░░░░ will come back and ░░░░░░░░ ll come back strong ░░░░░░░░ energy business is very ░░░░░░░░ to me We are ░░░░░░░░ to build it up ░░░░░░░░ really hurt the energy ░░░░░░░░ as much as any ░░░░░░░░ business because it totally ░░░░░░░░ out the supply kept ░░░░░░░░ By the way there ░░░░░░░░ a lot of oil ░░░░░░░░ this hit Before it ░░░░░░░░ there was a lot ░░░░░░░░ oil Prices were pretty ░░░░░░░░ which is a very ░░░░░░░░ thing But then we ░░░░░░░░ hit by this and ░░░░░░░░ was devastating to the ░░░░░░░░ business all over the ░░░░░░░░ So we will be ░░░░░░░░ to once the straightens ░░░░░░░░ and once you get ░░░░░░░░ demand and then you ░░░░░░░░ going to reduce the ░░░░░░░░ a little bit it ░░░░░░░░ equalize It s going ░░░░░░░░ be great again We ░░░░░░░░ make the energy business ░░░░░░░░ again And we want ░░░░░░░░ remain independent We are ░░░░░░░░ now We are totally ░░░░░░░░ on energy Want to ░░░░░░░░ it that way Go ░░░░░░░░