Larry Kudlow: ‘Drill, Baby, Drill’ is Expelling Communism from the Western Hemisphere
President Trump is intensifying pressure on the communist regime of Delcy Rodriguez and her husband, along with the broader Chavista state in Venezuela. He has ordered them to relinquish up to 50 million barrels of sanctioned oil to the United States. This oil will be sold on the market, with the proceeds managed by Mr. Trump himself. This strategic move is reminiscent of a landman in a classic TV series, negotiating a significant deal while leveraging Venezuela’s primary asset—its oil.
According to President Trump and Secretary of State Rubio, the U.S. oil embargo against Venezuela is also aimed at cutting off support to Cuba, China, and Russia. This multifaceted strategy not only targets the Venezuelan regime but also seeks to weaken its allies.
Furthermore, Mr. Trump is increasing oil supply on the market, which is contributing to lower prices. The oil will be refined in Texas for diesel and gasoline, with the potential for more supplies to follow. Current prices hover around $56 per barrel, with predictions that they could drop to $50. This entire scenario is historically significant, especially considering that Maduro and his wife, notorious for their involvement in cocaine smuggling and gun running, are now incarcerated in Brooklyn, New York.
Former Reagan economist Art Laffer and former Trump adviser Steve Moore discuss falling oil prices and how lower energy costs are impacting inflation on ‘Kudlow.’
Interestingly, this jail is located in the same area as Chuck Schumer, Hakeem Jeffries, and just blocks away from socialist Zohran Mamdani—an ironic twist of fate.
With oil prices declining, Trump’s deflationary policies are set to replace Biden’s inflation, potentially impacting hundreds of prices across the economy. This could create a tax cut effect, boosting GDP growth to 5%, 6%, or even 7%, at least temporarily, during a midterm election year.
Who would have thought that the mantra “drill, baby, drill” could also serve to restore the Monroe Doctrine and expel communists from the Western Hemisphere? Trump seems to understand this historical context better than many historians and has a keen grasp of economic principles that outshines many economists.
It’s essential to pay attention to these developments; we are witnessing a significant moment in history.
President Trump is intensifying pressure on the communist regime of Delcy Rodriguez and her husband, along with the broader Chavista state in Venezuela. He has ordered them to relinquish up to 50 million barrels of sanctioned oil to the United States. This oil will be sold on the market, with the proceeds managed by Mr. Trump himself. This strategic move is reminiscent of a landman in a classic TV series, negotiating a significant deal while leveraging Venezuela’s primary asset—its oil.
According to President Trump and Secretary of State Rubio, the U.S. oil embargo against Venezuela is also aimed at cutting off support to Cuba, China, and Russia. This multifaceted strategy not only targets the Venezuelan regime but also seeks to weaken its allies.
Furthermore, Mr. Trump is increasing oil supply on the market, which is contributing to lower prices. The oil will be refined in Texas for diesel and gasoline, with the potential for more supplies to follow. Current prices hover around $56 per barrel, with predictions that they could drop to $50. This entire scenario is historically significant, especially considering that Maduro and his wife, notorious for their involvement in cocaine smuggling and gun running, are now incarcerated in Brooklyn, New York.
Former Reagan economist Art Laffer and former Trump adviser Steve Moore discuss falling oil prices and how lower energy costs are impacting inflation on ‘Kudlow.’
Interestingly, this jail is located in the same area as Chuck Schumer, Hakeem Jeffries, and just blocks away from socialist Zohran Mamdani—an ironic twist of fate.
With oil prices declining, Trump’s deflationary policies are set to replace Biden’s inflation, potentially impacting hundreds of prices across the economy. This could create a tax cut effect, boosting GDP growth to 5%, 6%, or even 7%, at least temporarily, during a midterm election year.
Who would have thought that the mantra “drill, baby, drill” could also serve to restore the Monroe Doctrine and expel communists from the Western Hemisphere? Trump seems to understand this historical context better than many historians and has a keen grasp of economic principles that outshines many economists.
It’s essential to pay attention to these developments; we are witnessing a significant moment in history.
