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00:00:08.000Hey, everybody, today on the Charlie Kirk Show, we have Harold Hamm here, who is one of the most successful business people on the planet and basically invented the oil and gas industry as we know it today.
00:00:17.000He has some very harsh words for Joe Biden and what it would mean for the backbone of our country and some insight into some things that you might not know about oil and natural gas in our country.
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00:01:59.000Hey, everybody, welcome to this episode of the Charlie Kirk Show.
00:02:02.000I am super thrilled to be joined today by a friend of mine and a total American patriot, Harold Hamm, someone who has really been the pioneer of oil and natural gas, the oil and natural gas industry in this country.
00:02:18.000He is the founder and chairman of Continental Resources.
00:02:22.000Mr. Hamm, welcome to the Charlie Kirk Show.
00:02:38.000So, Mr. Hamm, I wanted to have you on the program because there's been a lot of chatter in the last week about fracking oil and natural gas.
00:02:48.000Joe Biden was kind of tricked into telling the truth in the debate when Joe Biden said, Well, I'm for fracking.
00:02:55.000And then President Trump continued to ask him questions and he said, Well, I want to phase out oil and natural gas.
00:03:02.000What would this mean for energy production in this country, for middle-class jobs, and for this incredible industry that has seen a renaissance in the last couple of years?
00:03:12.000Yeah, Charlie, that was really something to watch.
00:03:14.000You know, Joe getting caught in a big, undeniable lie.
00:03:19.000I mean, he's been lying to the American public forever and finally got caught in it.
00:03:23.000But, you know, if you go back and look at his voting record, in 1977, he voted for the Carter Energy Plan to basically, you know, eliminate natural gas at that point.
00:03:37.000Gas and coal of the two, he chose coal and for all the electricity generation in the U.S.
00:03:49.000And basically, you could not use clean, burning natural gas for the next 10 years.
00:03:55.000I mean, this is the same guy that did that.
00:03:58.000You know, everybody knew that was wrong.
00:03:59.000EIS said that you're going to put all these pollutants in the air in America, and it's going to cause all these disastrous effects to the climate.
00:04:28.000And so, when he talks about banning fracking and also banning oil and gas production, what does that mean for tax revenues?
00:04:36.000What does that mean for the funding of our schools?
00:04:38.000What does that mean for the middle-class way of life that people in West Texas and Oklahoma and North Dakota and Pennsylvania have been able to enjoy?
00:04:48.000Well, actually, you know, Joe Biden doesn't even know enough about our business to know what's happened.
00:04:54.000Really, it's all about horizontal drilling, you know, putting long laterals up in this tight rock that's full of oil and gas in America that we have so much of.
00:05:05.000You know, that's what's made it possible to have the energy renaissance that we have.
00:05:10.000They use the F-word because it's derogatory.
00:05:13.000You don't want to put us down, put us out of business.
00:06:12.000So, anyway, he wants to eliminate, but it's political.
00:06:16.000He wants to knock out all the Republicans, and he thinks oil and gas is made up of Texas Republicans.
00:06:23.000Let me tell you, there's some Democrats on this thing too, and it's going to affect a lot of Democrats, consumers out there in America.
00:06:31.000So, the voters know better than that, and they're not going to believe a sleight of hand that Joe Biden has had, you know, because he does want to knock out our industry.
00:06:42.000And let's see, he's going to knock out an industry that he thinks is unfriendly to him.
00:06:50.000I don't believe that the American voter is going to go for it.
00:06:53.000Yeah, and he was so just upfront and brazen in saying, Well, we're just going to phase it out as if it's just so matter of fact that the incredible blessings that we have in this country should not be utilized for jobs, for tax revenue, for lower energy prices.
00:07:09.000Studies show that the American family saves hundreds of dollars a year thanks to oil and natural gas advantage that we have in our country.
00:07:17.000Not to mention that we're finally energy independent.
00:07:20.000Can you talk about how our energy independence helps us geopolitically?
00:07:24.000It makes us less reliant on Middle East oil, allows us to export oil, and it finally allows us to make foreign policy decisions without having to think that we need to have a stream of energy from the Middle East.
00:07:37.000Well, heretofore, we had to kowtow to the Arab sheiks over there instead of using normal diplomacy.
00:08:26.000You know, I've drilled my share of dry holes, unfortunately, and nobody ever wrote me a check, but they do write checks for all the solar and wind, you know, all the renewables.
00:10:47.000Can you talk about how unrealistic their ambitions are for a green energy plan?
00:10:54.000They talk about solar and wind being the predominant energy source for our country.
00:11:01.000Can you talk about how unrealistic that is when you just look at how expensive it is, the kind of subsidies it requires?
00:11:08.000This is something a lot of young people kind of fall hypnotized to, that they think we can just have solar panels everywhere and that will be able to satisfy the energy needs of our country.
00:11:19.000Can you talk about how there might be some role for solar and wind to operate free of subsidies, but it's going to be nowhere near the 70 or 80 percent of the energy consumption that our country currently needs to operate for business and other needs?
00:11:37.000Well, first of all, the young people, they need not to buy into this apocalyptic terms by AOC.
00:13:20.000And you're doing a great job, Charlie, talking to young people and making sure that they understand the ramifications of what he's talking about.
00:13:30.000And we're doing everything we can to try and give a much more accurate picture of America's energy needs and the incredible assets that we have.
00:13:38.000We are the only major country on the planet that has private ownership of minerals.
00:13:44.000And because of that, we are more efficient.
00:13:48.000We empower more entrepreneurs like yourself.
00:13:51.000Actually, I would love to have you talk a little bit about that before I ask another question about politically.
00:13:55.000Can you just tell your story very quickly?
00:13:57.000Because I think a lot of young people would be inspired by it.
00:14:00.000You started with nothing and you have grown your company to be one of the biggest, if not the biggest, in the entire country in oil and natural gas.
00:14:08.000Can you just talk about how you, your story in energy is uniquely American story, whereas in other countries, they have government ownership of minerals.
00:14:17.000It's just the government owns it, no entrepreneurs, but you really found kind of a niche and you were able to succeed.
00:14:24.000Well, land ownership here in America is unique.
00:14:26.000And, you know, thank God the owners out there, the farmers, you know, that we deal with.
00:14:35.000But, you know, I came from the drilling side and technical side.
00:14:40.000I'm a geologist, you know, so find oil and gas real important to me and how we did it.
00:14:46.000But was able to perfect horizontal drilling.
00:14:51.000That's the ability to go down two miles, turn sideways, and go another two miles.
00:14:56.000So was able to do that, very fortunate.
00:14:59.000And it's people like myself that did that.
00:15:04.000It was the independent producers like myself that made that happen.
00:15:10.000So we found the huge Bakken field in North Dakota.
00:15:15.000We had a big find with Cedar Hills Field in Montana, North Dakota, South Dakota, you know, huge find up there.
00:15:24.000And actually, those, I'll just give you an example of what that did for consumers.
00:15:30.000At that time, diesel cost was $4.50 a gallon.
00:15:34.000With the prolific Bakken that had all these middle distillates in that oil, it drove the price down on diesel to $225, 50% of what it had been.
00:15:47.000So it's been a complete boon to the consumers.
00:15:52.000Let's think about what it does for farmers with all the natural gas that we found in shale production and Marcellus, Barnett.
00:16:00.000Had a farmer call in last week and he said, my God, if Joe gets his wishes, you know, we're not going to be able to make fertilizer out of natural gas.
00:19:53.000I mean, you're talking about the end of Midland Odessa, you know, the end of, you know, these West Texas towns that have been incredible success stories thanks to the Permian Basin and a lot of the work that you have done.
00:20:09.000So my final question, Mr. Ham, is what is your specific advice in the next seven days to the president or to people out there that are trying to persuade energy voters?
00:20:22.000They might say, I don't know if I think Joe Biden might talk a good game about this, for example, in Pennsylvania.
00:20:30.000What do you think our closing argument around energy has to be?
00:20:34.000Well, they have to remind us people, particularly in Pennsylvania, you know, that so much depends on this.
00:20:42.000They have to remind him of his voting record, what that has been, how he's precluded the use of natural gas in the past with the failed Carter administration.
00:20:52.000I know a lot of you young guys don't know what that is.
00:21:02.000And also, the people that depend on us so much, the folks in Wisconsin, Minnesota, that have the white sand minds that we use their product.
00:21:16.000There's people all over the nation, all the manufacturing jobs.
00:21:21.000It's so much, you know, and they try to make it about personalities, you know, try to run the president down.
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