‘That’s not capitalism!’ Trump attacks Exxon and Chevron over ‘too much money’



President Donald Trump is known for taking on whoever he wants, but his latest target has even some conservatives raising eyebrows — and wondering if the government is abandoning the free market principles America thrives on.

"Based on a shortage, they're making too much money," Trump told reporters about Exxon Mobile and Chevron. “I don’t like it.”

“When we’re finished with Iran, you’re going to see the prices drop through the floor. But they made too much money. Too much money. Chevron, too much money. Exxon Mobile, too much. Too much money,” he continued.

“You're surprised? I'm saying it. I'll say it loud and clear," the president added.


“This is concerning,” BlazeTV host Pat Gray comments.

“That’s not capitalism,” he adds.

“Just to look ahead, Mr. President,” Jeff Fisher chimes in, “when the prices do drop through the floor, they’ll have had this money to maybe survive on a little while.”

Executive producer Keith Malinak points out that on February 27, Chevron closed at $189 a share.

“Today, they’re all the way to $193 a share,” he says.

Meanwhile, Exxon is up $6 a share.

“So very modest stock gains at least for those two companies in the last six months. It’s not like how drug companies did with your vaccine,” he adds.

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Fossil fuels fuel the AI boom: Microsoft and Chevron partner on massive Texas energy project



A major tech company has announced that it is coming to Texas with a new partnership with an energy giant in the Lone Star State.

On Monday, Chevron announced that it is partnering with Microsoft to develop a new data center campus, known as "Project Kilby," in Texas.

The project will scale to an estimated capacity of 2.67 gigawatts of capacity over time.

The two companies signed a 20-year power purchase agreement in anticipation of the planned, "co-located" power plant and data center.

Reuters reported that the facility is set to be built in Pecos, Texas, west of Midland.

RELATED: The AI gold rush could become an incumbent graveyard

BENOIT DOPPAGNE/BELGA MAG/AFP/Getty Images

"AI is reshaping the global economy, and abundant, affordable, reliable energy is essential to fueling that transformation," said Jeff Gustavson, Chevron president of New Energies, in a Monday press release. "Chevron is uniquely positioned to deliver power to customers with certainty, speed, and at a competitive cost, leveraging Permian natural gas and our proven execution capabilities. This project links Chevron's traditional strengths to emerging demand, creating differentiated value for our shareholders and the communities where we operate."

This agreement, the press release notes, is an important milestone leading up to the final investment decision, which is expected to be made at the end of this year. The "first power delivery is anticipated in 2028." The project will scale to an estimated capacity of 2.67 gigawatts of capacity over time.

The joint infrastructure appears to be designed, at least in theory, to avoid burdening residential neighbors with higher electricity rates, one of many oft-repeated objections to new data centers being built.

The press release claims that "Kilby is designed to deliver reliable, dispatchable electricity directly to Microsoft while aiming to mitigate impacts on the regional grid that consumers rely on," presumably by, at least in part, circumventing the main power grid in the state.

While proponents of the deal point to economic growth potential for the state and efforts to mitigate negative environmental impacts, critics say there may be some serious drawbacks to the plan.

For example, a Mother Jones article from last month noted that Microsoft may intend to take advantage of significant tax incentives that could cost the state heavily.

Greg LeRoy, the executive director of Good Jobs First, pointed out that Microsoft does not mention tax abatements in its pledge. "If they don't say, 'We will refuse tax abatements,' then they've got their fingers crossed behind their back," LeRoy told Mother Jones.

Oil & Gas Watch warned that the project may have significant environmental impacts, including a yearly output of over 13.8 million tons of greenhouse gases, a comparable annual output to that of nearly 3 million gas-powered vehicles.

This agreement comes less than two weeks after Governor Greg Abbott (R) directed the Public Utility Commission of Texas and the Electric Reliability Council of Texas to "take immediate steps to protect residential ratepayers from the costs of data center expansion."

In the letter, Abbott directed the PUC to "take action to require data centers to pay for all of their electric infrastructure costs to ensure that no residential ratepayer is burdened by those costs." Abbott added that these directives are building upon Senate Bill 6 and directed the PUC and ERCOT to submit a report by July 17 and to take action to reduce residential ratepayer transmission costs by July 31.

Project Kilby will primarily use natural gas power and plans to "use non-potable, brackish groundwater sources for power plant operations."

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Scott Pelley Isn’t a Serious Journalist

A week ago, former 60 Minutes correspondent Scott Pelley arrived for a meeting with his new boss, Nick Bilton, on the CBS News show at which they both work. Pelley took this as an opportunity to lecture and browbeat Bilton. In the meeting, which was recorded and leaked to the press, Pelley publicly accused those whom he works for as lacking credentials as journalists. Singling Bilton out, Pelley said that he had "slender qualifications" for the job of producing 60 Minutes. Necessarily, CBS fired Pelley the next day.

The post Scott Pelley Isn’t a Serious Journalist appeared first on .

The Crisis In The Strait Of Hormuz Is Worse Because Of Dems’ Disastrous Energy Policy

'If your energy supplies depend on a foreign choke point, that's a national security issue.'

Louisiana Trial Lawyers Steered Thousands to Judge Overseeing Their Case Against Oil Companies—Then Won a $744 Million Judgment

The Louisiana attorneys who helped secure a landmark verdict requiring U.S. oil company Chevron to pay $744 million in environmental damages gave nearly $15,000 to the state judge who presided over the case, ethics filings reviewed by the Washington Free Beacon show.

The post Louisiana Trial Lawyers Steered Thousands to Judge Overseeing Their Case Against Oil Companies—Then Won a $744 Million Judgment appeared first on .

A red-state lawfare shakedown heads to the Supreme Court



The Republican Party claims to stand against lawfare — especially the obscene, rent-seeking variety that disguises itself as environmental justice. Yet that principle is about to be tested in a highly public and deeply embarrassing way.

The Supreme Court will hear oral arguments on January 12 in Chevron v. Plaquemines Parish. Louisiana officials will face off against the Trump Justice Department and American energy producers in a landmark case over an attempted shakedown of oil companies for alleged responsibility for coastal erosion dating back to World War II.

Lawfare does not become acceptable because Republicans use it. And environmental shakedowns do not become conservative simply because they originate in a red state.

The basic claim is simple enough. Louisiana and several local governments have filed dozens of lawsuits alleging that oil and gas production over the last 80 years caused the erosion of the state’s coastline. But the structure and substance of these cases reveal something far more troubling.

Although the lawsuits were filed in the name of the state and its municipalities, control has effectively been handed over to politically connected plaintiffs’ lawyers — major donors who stand to reap enormous contingency fees. Through a so-called common interest agreement, the Louisiana attorney general’s office surrendered its obligation to independently assess the merits of the claims. In practice, the state abdicated its role to the trial-lawyer donor class.

That alone should raise alarms. The rest only makes it worse.

The lawsuits seek to impose liability for conduct that was lawful at the time and occurred as far back as eight decades ago. Ex post facto liability is fundamentally un-American, which is why almost no one attempts to defend it on the merits.

Even more awkward for Louisiana’s theory, virtually everyone outside the plaintiffs’ bar agrees on the primary cause of coastal erosion: decades of federal intervention by the U.S. Army Corps of Engineers, which radically altered water flow in the Mississippi Delta. Louisiana once sued the federal government on exactly this basis. Now the same damage is somehow blamed on oil companies instead.

Because these claims reach back to the 1940s, they sweep in oil production carried out at the direction of the U.S. government to support the war effort — specifically the refining of aviation fuel for the military. It is a strange irony that after years of Democrat-led lawfare under the Biden administration, a red state has now delivered environmental litigation over World War II to the Supreme Court.

The hypocrisy is hard to miss.

The venue fight exposes the real game. Plaintiffs’ lawyers insist these cases remain in Louisiana state courts. The reason is obvious. Those courts are heavily influenced by the trial bar and have a record of staggering verdicts. Chevron was recently hit with a $745 million judgment in one such case.

Energy producers want the cases moved to federal court — not because victory is guaranteed but because federal courts are more likely to function as neutral arbiters. There is also a compelling jurisdictional reason: Much of the challenged activity involved federally directed wartime production. If any court belongs here, it is a federal one.

RELATED: America First energy policy is paying off at the pump

Kyle Grillot/Bloomberg via Getty Images

This kind of forum shopping should look familiar. It mirrors the Democrats’ strategy during the Biden years — carefully selecting friendly state courts to pursue political outcomes they could not secure through legislation. Louisiana Gov. Jeff Landry (R) and Attorney General Liz Murrill (R) appear to have absorbed all the wrong lessons from all the wrong actors.

This is the same playbook used by New York Attorney General Letitia James (D) when she charged President Trump in state court for conduct governed by federal law. It is the same model California Gov. Gavin Newsom (D) embraced when he partnered with trial lawyers to sue energy companies for billions over alleged climate harms.

Step back from the legal details and a larger problem comes into focus.

President Trump’s agenda prioritizes American energy dominance. His actions abroad reinforce that priority. Yet Republicans in Louisiana are not merely opposing that objective — they are using the very lawfare tactics they claim to despise to undermine it.

For voters trying to apply a consistent ideological framework, the whiplash is real. When red states start behaving like California, it is fair to ask whether America First has drifted from a governing philosophy into a monetization strategy.

Lawfare does not become acceptable because Republicans use it. And environmental shakedowns do not become conservative simply because they originate in a red state. If the right intends to oppose lawfare, it needs to oppose it everywhere — especially when its own allies are the ones doing the shaking down.

Trump DOJ slams door on welfare for illegal aliens, ends Clinton-era loophole draining taxpayer dollars



As the Trump administration continues to clean up the administrative state, the Department of Justice just landed a potentially significant victory. In a major reversal, the Department of Justice has discarded a decades-old interpretation of a law that essentially allowed illegal aliens to collect welfare benefits.

In a 20-page slip opinion bearing Assistant Attorney General T. Elliot Gaiser's signature, the Department of Justice reversed its reading of "federal means-tested public benefit" in light of last year's overturn of Chevron U.S.A. Inc. v. Natural Resources Defense Council Inc.

'The existence of such reliance on federal welfare contradicts the textually expressed congressional policy that aliens must not rely on taxpayer support or burden the public benefits system.'

The previous interpretation, stemming from the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 under Democratic President Bill Clinton, extended welfare to illegal aliens by splitting hairs between mandatory and discretionary spending. The DOJ previously directed the Departments of Health and Human Services and Housing and Urban Development to interpret this phrase to allow the extension of benefits to illegal aliens under discretionary benefit programs.

RELATED: US Virgin Islands' gun restrictions violate the Second Amendment, DOJ claims

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The new opinion rules that the PRWORA includes benefits under both mandatory and discretionary spending programs and withdraws the preceding 1997 opinion, effectively closing this loophole that allowed illegal aliens to collect welfare benefits.

The opinion notes that the PRWORA had many other parts that would seem to resist the old interpretation, particularly since the relevant section of the law was enacted "to address abuse of the welfare system by aliens in the United States."

The opinion says that despite this clearly stated purpose, the old interpretation led to unrestricted discretionary funds flowing to illegal aliens over the ensuing decades from "many federal agencies."

"Today, by some estimates, 59% of illegal alien-headed households receive government welfare," the opinion reads, citing the director of research at the Center for Immigration Studies.

"While some aliens may have come to rely on means-tested public benefits funded through discretionary spending programs, the existence of such reliance on federal welfare contradicts the textually expressed congressional policy that aliens must not rely on taxpayer support or burden the public benefits system," the opinion continued.

"American taxpayers have interests, too, in ensuring that their tax contributions do not encourage illegal entry into the United States. Americans are entitled to rely on duly enacted legislation crafted by their elected representatives and designed to protect the public fisc from abuse."

The Office of Legal Counsel at the Department of Justice did not respond to a request for comment from Blaze News.

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Neocons are back — and they’re botching Trump’s Latin America policy



A quiet but dangerous conflict is brewing within President Trump’s foreign policy team — a battle between the true red America First voices who made his first term successful and the same old neoconservative ideologues who have derailed U.S. diplomacy for decades.

Heightened by the bombing of Iran, this clash made headlines again earlier this month. This time, it was over botched negotiations over the return of Americans currently held by the socialist Venezuelan government.

Marco Rubio’s hatred of Latin American socialism is clear, but that shouldn’t come at a strategic cost to our country.

Trump’s special envoy Richard Grenell, a realist to his core, was on the verge of brokering a deal that would have secured the release of imprisoned Americans in exchange for Chevron’s continued operations in Venezuela. It was classic Trump diplomacy: bold, transactional, results-oriented.

But Secretary of State Marco Rubio intervened. The State Department made a much less attractive and watered-down proposal to repatriate 250 Venezuelan aliens in exchange for the American prisoners. The interests of the U.S. oil industry were completely ignored.

Wires were crossed, and the talks collapsed.

Two critical lessons

Two lessons are evident: The first and most obvious is that Grenell is responsible for talks with Venezuela and that he is the only U.S. figure Venezuela trusts — a point that shouldn’t be undermined.

The second is that Trump’s transactional diplomacy, represented by Grenell, works — when it’s allowed to. We’ve seen this with Steve Witkoff’s trips to the Middle East and the president’s own handling of NATO.

The Venezuelan government wants to negotiate with Grenell and Grenell alone — and for good reason. He speaks the language of leverage, not lectures. As special envoy, he has built a diplomatic channel that has delivered in the past. In January, for example, Grenell secured the release of six Americans, a great achievement.

RELATED: Biden did that? No, it’s Marco Rubio making gas prices skyrocket this time

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In contrast, Venezuela all but refuses to communicate with Rubio. They see him as persona non grata. His methods, based on intervention and blunt force, are bound to fail.

This is particularly true now that we live in a world where U.S. dominance is not guaranteed. And as the United States has isolated Venezuela, the Latin American nation has been pushed deeper into Beijing’s orbit.

Oil exports to China, for example, have surged since Chevron’s license to operate was canceled in May. In turn, Venezuelan exports to the U.S. and its capitalist allies have cratered.

The strategic cost

Rubio’s hatred of Latin American socialism is clear, but that shouldn’t come at a strategic cost to our country. This isn’t a diplomatic blunder. It’s a threat to U.S. energy security and a betrayal of Trump’s promise to bring down prices at the pump.

We want Venezuelan oil and gas to head to the U.S. Gulf Coast, not Beijing. We need to protect the Monroe Doctrine, which says that no outside power should have a foothold in the Western Hemisphere.

The importance of energy security cannot be overstated. For an administration elected in large part on its promise to cut gas prices, it is a big mistake to turn our backs on Venezuela’s hydrocarbon reserves, the largest on earth.

Doing so increases American dependence on Canadian oil — not a smart move as we fight a trade war with Prime Minister Mark Carney — and on suppliers in a volatile Middle East, where Iran still looms large.

This is not to mention that the policy of isolation is damaging to Chevron, a champion of the American oil industry.

Under its former special license, Chevron was pumping out nearly a quarter of a million barrels of oil per day. This went straight to thirsty refiners on the U.S. Gulf Coast, which depend on Venezuela’s unique heavy crude oil. That lifeline has been cut, and it’s American consumers who will pay the price.

Grenell understood this and so wrapped Chevron’s status into his negotiations, a deal that put American interests first. Rubio, on the other hand, prioritized an ideological pursuit of regime change over American energy security.

President Trump should intervene.

He praised Grenell’s successful negotiations in January and should make clear that Venezuela policy is not for Rubio to decide. The goal is clear: Bring our citizens home, restart Chevron’s work, and reassert U.S. influence in our own hemisphere.

Renew Grenell’s leverage

Grenell, with renewed powers, should return the United States to a policy of strategic engagement. That’s what America First really looks like. That’s the approach to foreign policy promised to us in 2024. That’s the MAGA way.

It’s time to put the neocons back in the box and go back to the bold, pragmatic diplomacy that made Trump’s first term — and will make his second — a victory for everyday Americans and a triumphant return to common sense.

Why Trump’s Judicial Picks Should Look Different In 2025 Than They Did In 2017

The kind of clerked-for-four-justices-and-the-Pope, writes-poetry-about-calculus nominees Trump needed last time aren’t necessary politically. If Trump wants a tie to go to conservatism and not credentialism, it can.