4.8 • 965 Ratings
🗓️ 17 June 2025
⏱️ 4 minutes
🧾️ Download transcript
Let's talk about Trump's energy policy running out of steam....
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0:00.0 | Well, howdy there, Internet people, it's Bell again. |
0:05.1 | So today, we're going to talk about Trump losing the AI race and his energy bill getting panned by, well, pretty much everybody. |
0:15.5 | Trump promised to unleash American energy production, but it looks like the energy sector, the tech bros, fellow Republicans, as well as Democrats, are saying that its policies will do the exact opposite. |
0:29.4 | Let's start with the energy sector. A company called Next Era is the largest owner of natural gas power plants. |
0:40.3 | Their CEO is a man named John Ketchum, |
0:45.5 | and he was talking about the U.S. abandoning greener energy and said, quote, |
0:53.5 | We cannot afford to do that. If we do that, we will lose the AI race, and we will bring this economic expansion in the United States |
0:56.1 | to a screeching halt. Now, Nextera does have significant greener energy investments, |
1:03.3 | but I say again, the company is the largest owner of natural gas power plants in the country. |
1:11.0 | Neil Chatterjee served as Trump's chair of the Federal Energy Regulatory Commission. |
1:16.7 | Twice. |
1:17.7 | He said, quote, we can't possibly win the AI race and keep energy reliable and affordable |
1:24.8 | with only fossil fuels. |
1:31.5 | Republican Senator John Curtis of Utah hammered home the idea of changing the one big beautiful bill's language when it comes to Biden's tax credits |
1:37.7 | for green energy. The idea seems to be to change how they're phased out. He spoke at length about how investors |
1:46.3 | had already dumped money into shoring up the grid, only to see the rules change. He seems |
1:53.1 | rightfully concerned that it will slow future investment in energy production. He's concerned |
1:59.4 | about that because it will. Multi-year projects need certainty |
2:04.4 | when it comes to finances. Do I need to say the line? Markets hate uncertainty. While Senator Curtis |
2:13.5 | believes Trump's plans need work to avoid killing U.S. energy production, Democratic Senator |
2:20.1 | Martin Heinrich, who is the top Democrat on the Senate Committee that oversees energy, |
2:26.1 | basically said the whole thing was trash. I'm paraphrasing, of course. Unworkable is the polite |
... |
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