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Oil and Gas Prices Soar Amid Trump’s Iran War, Worst Energy Crisis in Decades: A Closer Look
Subtitles (249 segments)
-Oil prices are surging amid what experts are calling
the worst energy crisis since the 1970s,
thanks to Donald Trump's reckless
and illegal war in Iran.
For more on this, it's time for "A Closer Look."
♪♪
Donald Trump has repeatedly insisted
that he knows the key to bringing down inflation
for everything, and it all comes down to energy.
-We're going to bring down your energy costs.
And with that, everything's going to follow.
I will cut your energy prices in half within 12 months.
That's going to bring everything down.
I will cut your energy prices by 50, 5-0%, 50%.
Prices are going to come down.
Then everything else is going to start coming down too.
We're going to cut your energy prices.
And that's going to be the beginning.
And we're going to bring your -- your cost of groceries,
foods, everything, we're gonna all come down.
Within 12 months, all of your energy bills,
your car, your air conditioning, your heating,
everything will be 50%, 5-0.
As goes gasoline and oil and gas,
so goes the rest of other products.
When you cut the cost of energy you really caught.
You just cut the cost, everything falls.
Look, you're in an industry or business,
whatever you want to call it, a profession,
in many cases, everything follows energy.
-I mean, I'm just impressed you have the energy
to come up with so many synonyms for business.
Did Melania finally get you that thesaurus
you've been asking for?
[ As Trump ] Mel, you're not gonna believe
how many different words they have for business --
industry, profession, trade.
This is -- Oh, that's a good one, venture.
[ Laughter ]
Enterprise, pursuit, this thing is awesome.
Great. Good.
[ Laughter ]
Also, I can't believe I have to explain this,
but that's not how it works.
We sell energy to the global market,
and prices for foods we import
are similarly set at the global market.
Drilling for oil in Texas
isn't going to change the price of a banana
from Guatemala unless, of course,
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