Valuetainment - ＂Oil Could Be 5 Cents A Barrel!＂ - Trump’s Tiny Car Pitch TRIGGERS Energy Reform FIRESTORM

00:00:00.020 The one thing that I like, are you following this tiny car thing closely?

00:00:04.060 Are you following that closely, Tom, on what's going on with the tiny car?

00:00:06.920 Can you pull up the tiny car Trump idea?

00:00:09.300 So here's a couple challenges that we have.

00:00:11.520 If you just go back and type in tiny car and go to news.

00:00:16.320 Go to tiny car, Trump tiny car news.

00:00:19.100 Pick one of them of what they're doing.

00:00:20.880 Trump's tiny car dream.

00:00:21.880 Okay, next one, if you don't mind going, Rob.

00:00:23.800 The third one says Trump's tiny car dream has problems.

00:00:27.140 Okay, so what are the problems?

00:00:28.340 You see that Japanese Kai cars that he's talking about?

00:00:31.880 If you pull that up.

00:00:33.020 What do they look like?

00:00:34.280 Forget about what they look like.

00:00:35.780 Honestly, when you're younger, you don't really care about what they look like.

00:00:39.040 You're trying to find the thing that you can afford, right?

00:00:42.400 Like even what you want and what you can afford are two different things.

00:00:46.560 Look what happened with car regulation in America, okay?

00:00:50.280 During the 70s, gas prices 3X'd in a decade.

00:00:55.640 During the 70s.

00:00:56.620 Gas went from 30 cents to a dollar in a decade.

00:01:01.160 Who gets elected next?

00:01:03.080 Reagan.

00:01:03.900 Reagan comes out with something called the CAFE.

00:01:06.880 Rob, can you type in Reagan CAFE cars?

00:01:11.040 Okay.

00:01:12.080 The regulation, which stands for corporate average fuel economy under Reagan that he came up with this, you know, issues on how to address this.

00:01:20.660 So then there was a couple different things that we looked at during that time.

00:01:24.140 This led to, through 2008, 2011, 2012, they came up with new emission standards that the bigger the car was, the easier it was for your car to get approved on the emission standards that we had.

00:01:39.920 So think about this, Adam.

00:01:41.320 I don't know if you have this chart or not, Rob.

00:01:43.240 If you don't have it, I'll send it to you.

00:01:46.100 Here, check this out.

00:01:46.820 Just show this here.

00:01:48.120 And let me send you Trump's tweet on tiny cars.

00:01:50.680 This is so interesting for all of us to be looking at because I think this is at least something that they're doing.

00:01:57.340 Let me know when you got it.

00:01:58.280 All the three ones, one of them is this tweet, and then it's the pictures of the emission standard cars and how ridiculous it is, what we've done to the market with cars.

00:02:07.160 We have incentivized companies to build bigger cars.

00:02:11.980 He wants to introduce an 11-foot car.

00:02:14.920 Now, an 11-foot car, a small sedan right now is 12 1⁄2 to 13 1⁄2 feet, okay?

00:02:20.560 Then you have trucks that go from 13 1⁄2 to 16 1⁄2 feet, and then you have the SUVs that go 18 1⁄2,

00:02:27.280 and you have the bigger trucks that can go all the way up to 22 feet.

00:02:30.660 A truck can go all the way up to 22 feet.

00:02:34.340 And they do this because car companies like Ford are sitting there saying,

00:02:39.180 hey, man, this is allowing us to build bigger cars.

00:02:44.120 Bigger cars allow us to go with lower standard emissions that we have in place, and we're making a shit ton of money.

00:02:49.780 And you know where we are right now?

00:02:51.020 75% of registrations of cars today, Dan, are either SUVs or trucks.

00:02:56.480 Plus, 75% of cars being registered in 2024 are SUVs or trucks.

00:03:03.220 Guess who's making all the money?

00:03:05.100 The automatic, they're like, hell, yeah, let's keep doing this, right?

00:03:07.420 Now, watch this.

00:03:08.000 That one right there, Rob, if you can make that one bigger.

00:03:10.340 So check this out.

00:03:11.780 2025, go back to that one, right?

00:03:13.960 2025 standard on the vehicle footprint.

00:03:18.260 The bigger the car, you see the footprint up top and a miles per gallon.

00:03:23.780 The smaller the car, the more miles per gallon it needs to have.

00:03:28.660 But the bigger the car, the less mile per gallon it needs to have that it gets approved.

00:03:34.160 So they're sitting there saying, you know, here's what we're going to be doing.

00:03:38.140 You know, Ford's going to say, guys, keep doing this because we're selling cars and car prices are going to $50,000.

00:03:43.380 We're making a ton of money selling these trucks.

00:03:45.120 And then Trump comes out with this saying, I have just approved.

00:03:47.440 Tiny cars to be built in America.

00:03:48.980 Manufacturers have long wanted to do this just like they are successfully built in other countries.

00:03:52.980 They can be propelled by gasoline, electric, or hybrid.

00:03:57.100 These cars of the very near future are inexpensive, safe, fuel efficient, and quite simply amazing.

00:04:02.840 Start building them now.

00:04:04.080 Thank you to DOJ.

00:04:05.500 Okay.

00:04:06.460 This was inspired by a car called the Topolino.

00:04:09.820 The Fiat Topolino.

00:04:11.220 I don't know if you've seen the Fiat Topolino.

00:04:13.880 It's the name of the car.

00:04:15.620 It is 8 1⁄2 feet.

00:04:18.320 And it gives you, fastest it goes is 28 miles an hour.

00:04:21.900 And it's 50 miles range is what it has.

00:04:26.120 But it's cheap.

00:04:27.220 Okay.

00:04:27.960 And so then the argument on why these things they're not fans of, the other argument on the regulation is America has the widest lanes.

00:04:35.940 Because we had so many accidents that was taking place.

00:04:38.240 Because in Europe, cars go like this because their lanes are very tight.

00:04:41.020 If you notice the roads in Europe, you go to Italy.

00:04:42.800 The other day I'm in Italy driving a car.

00:04:44.420 I got stuck.

00:04:45.080 I was late 45 minutes.

00:04:46.820 Do you remember this time?

00:04:47.660 I was late 45 minutes.

00:04:48.580 These guys are waiting for me.

00:04:49.420 I'm like, I don't know how to get out of this.

00:04:50.920 I'm literally in a car.

00:04:53.320 We're just driving.

00:04:54.060 We didn't do anything crazy.

00:04:54.960 We ran an Escalade. 0.96

00:04:55.700 And they're like, this is the dumbest thing to do in Italy when you ran Escalades. 0.86

00:04:59.140 And we're in a road. 0.95

00:05:00.200 I'm like, Vinny, how do I get out of this?

00:05:01.640 Vinny has to get out of the car and come back, do this.

00:05:03.780 We're doing all the old school Middle Eastern stuff.

00:05:05.700 But there was no edge to the pavement.

00:05:07.540 Zero.

00:05:08.180 It wasn't.

00:05:08.900 But that's why they build cars like this.

00:05:10.540 In America, they build wider lanes, fewer accidents.

00:05:13.780 And they saw the range of doing that.

00:05:15.840 So to me, this could be a major opportunity for some automakers to come out and say, I'm

00:05:22.560 going to build the tiny cars.

00:05:24.000 I'm going to build the starter cars.

00:05:25.640 Maybe we go back to a $10,000 car, $15,000 car new, $5,000 car used.

00:05:30.640 Some of these cars looking like this, by the way, Rob, if you want to make it bigger.

00:05:34.140 I don't know.

00:05:34.520 I think it has to be something to do with homes where they live, rent and house, something

00:05:39.580 to do with cars.

00:05:40.460 And I'm glad he's going there.

00:05:41.760 But there needs to be actual solutions of what to do.

00:05:45.000 What do you say about this, Brandon?

00:05:46.100 Yeah.

00:05:46.480 The common theme in all of them is regulation.

00:05:48.440 Because I didn't know about the EPA thing right there.

00:05:50.700 That's interesting.

00:05:51.480 Because with homes, it's like zoning laws.

00:05:53.900 They say add an extra 20%, 30% of the price of a house.

00:05:56.860 And then with that, that's obviously jacking up the price of it.

00:05:59.820 And so the solution to it is to make it more feasible to build more of it, make it create

00:06:05.500 circumstances in which it's profitable for the producers to build more of it.

00:06:08.440 And then the price will come down.

00:06:09.700 But they've put policies in place that make it more expensive to build things.

00:06:13.260 There's no reason that lumber and steel and electronics, all the inputs of cars and houses

00:06:18.260 cost more than they ever did before.

00:06:20.660 That's a policy-driven outcome.

00:06:24.040 So if we get the policies to make those things cheaper, then they could build more of them.

00:06:28.060 Then they'll be OK.

00:06:28.560 I'm going to come to you with this one, Dan, because a part of these new emission standards

00:06:33.360 that Biden was pitching, that by 27, 2035, they want to get to certain levels, and they

00:06:38.360 want to lower gas-powered cars, and they want to increase hybrid-driven cars.

00:06:46.380 And that model is kind of these regulations are preventing people from building cheaper

00:06:51.880 cars because the regulation is tighter.

00:06:54.460 And some of it has to do with climate change.

00:06:56.400 And I know how you feel about climate change.

00:06:57.820 What do you say about this?

00:06:59.220 Well, let me just go back a second.

00:07:01.660 So far, none of you have talked about the higher death rate in these cars.

00:07:06.420 And there was a study in the UK four or five years ago that you had a less than 50% chance

00:07:11.980 of surviving ahead on accident in these little things.

00:07:14.940 And so a lot of the countries, especially Germany, who used to build tanks, backed off it.

00:07:23.020 And so environmentally, the gig is that right now, the American Petroleum Institute says we

00:07:34.860 have, let's say, 15 trillion barrels of reserves around the world, OK?

00:07:40.620 And that's probably off by a factor of at least three to five, because countries like Saudi Arabia,

00:07:46.880 countries like Kuwait, who I had a 10-year relationship with, Venezuela, all don't cheat the numbers,

00:07:52.640 but they downplay the numbers, OK?

00:07:54.640 The Aramco, which is Saudi Arabia, basically, tried to go public for 25 years and couldn't go public.

00:08:00.740 They went to NASDAQ, New York Stock Exchange, Hong Kong, Beijing, et cetera.

00:08:05.160 Nobody would take them public, because to go public, they had to have a reserve report,

00:08:09.100 meaning they have to have, by Ryder Scott, or one of the big engineering companies,

00:08:12.800 to say how much oil you really have, how much is producing oil.

00:08:16.500 Nobody, they wouldn't produce those numbers.

00:08:18.600 So finally, Saudi, the kingdom, decided, well, we'll go public in Saudi.

00:08:23.020 So we'll take it ourselves.

00:08:24.980 Nobody participated.

00:08:25.940 So they made all government employees mandatory that they had to buy 50 shares or 350 shares

00:08:31.060 out of their own paychecks to get it away.

00:08:33.880 And so they only sold or took two or three percent of Aramco public,

00:08:38.300 and they had more than a trillion dollar valuation.

00:08:40.920 If you knew, this audience knew, how many barrels of oil reserves were really in the world,

00:08:49.700 in my estimation, oil would be five cents a barrel.

00:08:52.460 Mm, that's a great point.

00:08:53.940 Because there's 10, 20, 30 times more oil reserves,

00:08:57.000 and they keep coming up with secondary and tertiary methodologies to extract the oil.

00:09:01.200 For example, the North Sea, Bob Dyke, who was my partner when I went public many years ago,

00:09:05.840 he founded the North Sea in Argyle in 79.

00:09:08.820 And he said there's going to, at that time, it was only supposed to last 20 years.

00:09:12.400 So by the year from 79 to 2000, North Sea should be done.

00:09:16.720 Well, the North Sea's still got 50, 60, 70 years left because of all the oil reserves that are still there.

00:09:21.660 Great point.

00:09:22.460 Okay, and so, but those cars, you wouldn't want,

00:09:26.820 I normally say you wouldn't want your wife driving that car. 1.00

00:09:29.520 Maybe you would, but maybe.

00:09:31.520 No!

00:09:35.440 So listen, my wife and I are having prompts.

00:09:37.320 Buy her a Topolino car.

00:09:39.020 It'll be fixed within six miles.

00:09:40.740 That's right.

00:09:41.240 You have an SUV.

00:09:42.280 She has a little car.

00:09:43.760 You know, my God, I don't want to see those accidents.

00:09:46.020 I do not want to see an SUV.

00:09:47.120 But this is hard for me to relate to.

00:09:48.600 I've been driving Rolls since 71, when I was a senior in college.

00:09:53.780 And I've got-

00:09:54.140 You drove a Rolls and senior in college?

00:09:55.340 Yeah, yeah, yeah.

00:09:56.400 How'd you drive a Rolls and senior in college?

00:09:58.060 It was 30, Silver Cloud was 35 grand at the time.

00:10:01.580 I scraped a three grand because I was in sales.

00:10:03.720 The other guys were driving town cars, Eldorado Cadillacs.

00:10:09.120 And my sales manager, who was a biased, racist guy, a lawyer from Mississippi, said,

00:10:14.940 Pena, young boy, like you ought to be able to sell everybody that walks through the door. 0.70

00:10:19.580 But you've got to differentiate yourself from the other salesmen.

00:10:22.320 The other salesmen were driving Cadillacs and Continentals.

00:10:24.460 So I went and got a Rolls, $35,700.

00:10:27.340 And I've been driving Rolls ever since.

00:10:29.880 Since 1971.

00:10:31.020 You won.

00:10:31.700 What do you love about Rolls?

00:10:34.020 That not many people have them.

00:10:35.760 Just that?

00:10:36.280 Yeah, I'm a three-wheels family now, and I haven't been for a long, long time.

00:10:39.720 I could have flown up the airport.

00:10:41.740 First thing I thought, why did I land here?

00:10:44.620 Why do we have to drive an hour?

00:10:46.480 But anyway.

00:10:47.340 Yeah, most people fly and land here.

00:10:49.680 John Morgan from Morgan & Morgan was here a few days ago.

00:10:53.140 He lands on the airport, and then he asks his driver,

00:10:55.840 So, driver, how long do we have left until we get to the office?

00:10:58.540 He says, three minutes, sir.

00:10:59.860 How the hell is that possible?

00:11:01.400 Well, it's on the airport.

00:11:03.160 Brandon, what do you say about this?

00:11:04.120 That's a fantastic point you bring up about the oil.

00:11:06.900 And I've been meaning to show these two charts on the podcast for a while.

00:11:10.220 So, look at this.

00:11:11.840 These are the biggest oil reserves in the world.

00:11:14.460 That one's production.

00:11:15.300 So, I'm going to show that one second.

00:11:16.440 So, biggest oil reserves in the world.

00:11:18.440 You know, the U.S. is way down at the bottom there.

00:11:20.420 But then if you go to production, U.S. is producing the most.

00:11:22.860 So, imagine if we got the full potential of oil production out of those largest reserves in the world.

00:11:27.200 Yeah, there's an abundance of oil that we're not using.

00:11:29.220 You've got to be kidding me.

00:11:30.020 So, go back.

00:11:30.620 So, look at this.

00:11:31.220 Venezuela's number one in the amount it's sitting on.

00:11:34.800 Yeah.

00:11:35.200 But production, you don't see it in the top ten.

00:11:37.540 Go to the next one, Rob.

00:11:39.220 Look in production.

00:11:40.260 Yeah.

00:11:40.400 They're nowhere in the top eight.

00:11:42.480 So, what does that mean, though?

00:11:43.800 What does that mean?

00:11:44.740 They're holding back.

00:11:45.700 You need a working power plant to turn on a refinery.

00:11:48.020 But then, is it holding back, or is it because the U.S. has put sanctions on Venezuela?

00:11:53.660 Both.

00:11:54.440 Which one's a bigger pressure point?

00:11:55.980 Well, the sanctions just started.

00:11:57.680 So, Venezuela's been doing this for 30 years.

00:12:00.080 So, the sanctions just started.

00:12:01.060 Why would they hold on to it, though?

00:12:02.100 Why would they hold them back?

00:12:02.880 Because they know that someday, irrespective of what Elon Musk says, someday that oil is going to be worth its weight in gold, pun intended.

00:12:13.860 But the real, the big money, the guys like you, they're investing in water.

00:12:20.220 That much water will cost more than a barrel of oil 15, 20 years from now.

00:12:24.560 The big money, this is what they're investing in.

00:12:26.380 I know that's not what this podcast is about.

00:12:29.160 But, I mean, so, but, and it's producing reserves are the ones that they normally use.

00:12:35.080 But in Saudi Arabia, it costs about $1.40 to get a barrel of oil from under the ground to the surface.

00:12:41.720 $1.40.

00:12:42.220 $1.40.

00:12:42.780 Call it $2.

00:12:43.960 Call it $2.

00:12:44.620 Okay.

00:12:45.080 And East Texas, it costs about $50.

00:12:49.320 In the Gulf of America, formerly the Gulf of Mexico, it costs about $120.

00:12:54.820 In the North Sea, it costs about $200.

00:12:58.480 And it's $1.40.

00:12:59.800 How is that possible?

00:13:00.700 Because you can pick up the oil with your hand.

00:13:04.400 When J. Paul Gideon found it all in Saudi Arabia back in the late 20s, early 30s, he was looking for water. 1.00

00:13:10.000 And there's this ugly black shit that kept coming out, the Bedouins out there. 1.00

00:13:16.140 What is this stuff? 1.00

00:13:17.360 And then he, you know, of course, and then he got rich as, and then he wouldn't pay ransom for his kid or grandson.

00:13:24.000 And I couldn't remember.

00:13:24.580 Nothing.

00:13:25.040 He wouldn't pay.

00:13:25.460 He wouldn't pay for his kid a million bucks each.

00:13:27.380 They sent him back with one ear eventually.

00:13:29.500 And then he told him, I got 11 more grandkids.

00:13:31.720 So you got a lot of people to cut their ears off of, was his comment.

00:13:35.380 Savage.

00:13:36.300 Yeah.

00:13:36.700 He had a pay phone in his house.

00:13:39.060 And quick thing on that, too, and tell me if you would agree with this.

00:13:41.540 I think the scariest thing in the world for oil companies is oil going below $60 a barrel.

00:13:46.040 So I think that the oil.

00:13:46.860 $65 is where they make money in the U.S.

00:13:49.420 Yeah.

00:13:49.680 $65 to $80 is their comfort zone.

00:13:51.620 So I think they have a vested interest, too, in withholding that oil and not opening up Venezuela's oil.

00:13:57.460 I got something for you, pal.

00:13:58.660 Go ahead.

00:13:59.000 Well, you compare United States to Saudi, it's not even close in terms of production.

00:14:06.840 Texas actually is a bigger economy, produces more oil than Saudi.

00:14:11.740 And Saudi is known.

00:14:12.620 Saudi Aramco, what, $2 trillion market cap?

00:14:16.160 Texas is bigger than Saudi. 0.99

00:14:18.440 So people, oh, Saudi, all these countries that are producing oil.

00:14:21.400 America is the biggest top G on the block.

00:14:23.600 Regarding tiny cars, my opinion is the average American dude does not want a tiny car.

00:14:29.000 The average American person should not get a 50-year mortgage.

00:14:32.080 Just because Trump throws things out there, it's bombastic.

00:14:34.980 At the big, beautiful bill, there's going to be recalibration.

00:14:37.780 There's going to be negotiation.

00:14:39.380 Listen, if you're Jean-Claude in Paris, go get yourself a tiny car.

00:14:43.660 If you're Giuseppe in Italy, go get yourself a tiny car.

00:14:47.020 If you're in America and your name's Rick, you want a Ford F-150.

00:14:50.740 You're not driving these tiny cars.

00:14:52.340 I used to drive these little tiny cars around Miami.

00:14:55.300 Before Uber hit Miami in 2012, 2013, right around that time, 2014, Miami dropped off,

00:15:02.140 I think, a thousand of these cars all over the city.

00:15:04.620 And you would tap it when you would go in, and you'd use it for five minutes at a time.

00:15:09.860 You do not want to drive these cars on the highway.

00:15:12.020 Talk about accidents.

00:15:13.200 You drive it to Miami, to Lincoln Road, whatever.

00:15:15.720 You leave it on the side of the road.

00:15:16.780 It's kind of like just renting a bike, but it's a little tiny car.

00:15:21.780 Do not get a car like this if you actually want to get laid.

00:15:26.780 Now, I had a girl at the time, so it wasn't a big deal.

00:15:28.860 Don't guys still want to come back to that?

00:15:31.340 So you're saying there's no room to jump into the non-existent backseat?

00:15:34.900 There's no backseat, don't we?

00:15:36.200 Exactly.

00:15:36.800 But don't guys still get cars as chick magnets?

00:15:39.860 What's that?

00:15:40.400 Don't you still want a car as a chick magnet? 1.00

00:15:44.520 Yeah, some guys do.

00:15:45.560 New generation? 0.74

00:15:46.240 Yeah, of course.

00:15:47.000 Okay.

00:15:47.620 I didn't even think about the backseat angle, but...

00:15:49.820 You always think about the backseat.

00:15:51.060 Backseat, okay, Dan?

00:15:52.060 There's plenty of room in the rolls.

00:15:54.600 You're not going to have a hard time with that.

00:15:55.840 Gentlemen, go get yourself a roll.

00:15:57.240 Follow Dan Payne's advice.

00:15:59.100 We love Christmas, and our Christmas merch is officially out.

00:16:02.960 And the hat that we couldn't keep, a single one of these.

00:16:07.860 Guys were ordering 50 of these at a time.

00:16:10.560 Rob, can you zoom in on that hat?

00:16:12.320 This hat was such a massive hit last year.

00:16:15.900 We saw 3,000 of them like this.

00:16:18.360 They were gone, okay?

00:16:19.260 I love that hat.

00:16:19.680 And people were buying it as Christmas gifts for others, and then they were sending it

00:16:24.120 to their clients, their friends.

00:16:25.360 It says, Merry Christmas.

00:16:27.020 Future looks bright on the bottom and on the side with the VT logo.

00:16:31.000 It's just a sick hat.

00:16:32.300 We got a few hats.

00:16:33.180 One of the hats sold out.

00:16:34.860 This one that says, Merry Christ Christmas.

00:16:37.360 Nice.

00:16:37.840 This one sold out.

00:16:38.520 This one's gone.

00:16:39.080 But you have the red one.

00:16:39.960 You have the green one to choose from.

00:16:41.420 And then that one as well, Rob.

00:16:42.840 You have this one.

00:16:44.600 This other one we have as well.

00:16:45.920 If you want to go to this one, Rob, this Christmas on the bottom right.

00:16:49.140 Yeah.

00:16:49.660 Right there.

00:16:50.140 And then we have the Christmas.

00:16:51.220 If you want to go and show Vinny our model.

00:16:53.920 Folks, look at our models wearing their, and these come with a nice, look at this.

00:17:01.120 Look at this.

00:17:01.860 This is the, that's the pajamas, right?

00:17:04.980 The Merry Christmas pajamas, the ugly sweater, future looks bright.

00:17:07.920 They're so comfortable.

00:17:08.780 Super, super comfortable.

00:17:10.520 Forget about the socks Vinny's wearing that made it in there.

00:17:12.860 Those socks don't come with it.

00:17:14.520 No.

00:17:14.720 But they're modeling.

00:17:15.660 They look like a beautiful family.

00:17:17.380 So if you want your whole family to be wearing the, the, the, the pajamas, the Merry Christmas.

00:17:22.720 We also got these sweaters here as well.

00:17:24.000 Max's truck is in there.

00:17:24.740 The ugly sweater.

00:17:24.980 This is sick.

00:17:26.340 Look at that.

00:17:26.880 Go to vtmurch.com, place your order.

00:17:28.720 And we decided for everybody that does it, we just order a few thousand of these.

00:17:33.660 You're going to get the Valuetainment Merry Christmas ornament that we're going to give

00:17:38.120 to you and the Valuetainment future looks bright, Santa Claus, Merry Christmas with any order

00:17:43.900 you place, go to vtmurch.com, place your order.

00:17:47.760 And guess what?

00:17:48.360 Kamala Harris doesn't want you to say Merry Christmas and we don't mind saying it.

00:17:51.880 Okay.

00:17:52.120 We don't mind saying it at all.

00:17:53.480 Merry, Merry Christmas to you.

00:17:57.020 If you enjoy this video, you want to watch more videos like this, click here.

00:17:59.860 And if you want to watch the entire podcast, click here.

00:18:03.660 We'll see you next time.

00:18:05.660 Bye.

Valuetainment - December 11, 2025

＂Oil Could Be 5 Cents A Barrel!＂ - Trump’s Tiny Car Pitch TRIGGERS Energy Reform FIRESTORM

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