Topic: Exxon Mobil

President Trump held a call with Venezuela's interim president, Dulce Rodriguez, to discuss oil, minerals, and trade. While Chevron maintains a foothold in the country, Trump has reportedly told Exxon Mobil they will not be part of the new Venezuelan oil deals. The segment also notes the low price of West Texas Intermediate (WTI) oil compared to the heavy sour Brent crude typical of Venezuela.

Despite high production levels, global oil prices remain above $70 a barrel, which some attribute to artificial market sentiment. Exxon Mobil's stock price has significantly increased since the 2020 election, benefiting from current energy policies. Additionally, it is noted that Iraqi oil revenue is held in U.S. accounts, giving the United States significant leverage over the Iraqi government.

President Trump meets with oil industry leaders, including the head of Exxon Mobil, to discuss the global glut of oil and gas. He notes that all attendees were tested for the virus before entering the room, passing with "flying colors." The discussion also touches on reports of tainted test vials in Europe that allegedly contained the virus themselves, leading to suspicion about the testing process.

The hosts thank the creators of the Grimerica podcast for their support and mention their new venture, "13 Questions." Donor Patrick Comer shares his strategy of buying Qualcomm and Exxon Mobil stock based on news regarding 5G infrastructure and Venezuelan oil interests.

An environmental group released a political attack ad against Secretary of State nominee Rex Tillerson, highlighting his past business dealings with Vladimir Putin and Exxon Mobil. The podcast critiques the ad's production quality, specifically its use of outdated camera sound effects.

Adam Curry officially endorses Donald Trump for President, citing his direct communication style and business background. They play a clip of Trump's strategy to defeat ISIS by "bombing the hell" out of their oil fields and bringing in Exxon Mobil to rebuild the infrastructure. The hosts also compare Trump's comments about John McCain to a similar routine by comedian Chris Rock, noting the media's double standard.

During the presidential debate, Barack Obama and Mitt Romney sparred over a $2.8 billion tax break for oil companies. Adam Curry clarifies that this is actually a broad manufacturing deduction (Section 199) that applies to any company producing goods in the U.S., including Apple and film studios. He criticizes both candidates and the media for misrepresenting the law as a specific subsidy for "Big Oil."

The hosts critique climate researcher Kari Noorgaard's comparison of climate skeptics to the tobacco industry. They argue that the terms "denier" and "denialist" are propagandistic tricks designed to associate climate skepticism with Holocaust denial.