United States President Donald Trump continued his speech at the World Economic Forum in Davos, this time focusing on energy, Artificial Intelligence and relations with Venezuela, in his first return to this forum during his second presidential term.
Trump said Venezuela has long been a great country, but is currently facing problems. According to him, the US is helping the Latin American country and has begun cooperation in the oil sector. "We will share the oil with them and they will make more money than they have ever made," Trump said, praising the Venezuelan leadership as smart and cooperative after the attack, without giving further details.
He added that the price of oil has fallen and will soon fall further, to levels that, according to him, have not been seen since his previous administration. Trump stressed that major oil companies are joining the US in this regard.
In his speech, the US president also announced that he had signed the approval for nuclear reactors, noting that there had been reservations about the risks, but that the progress in terms of safety was “excellent.” “Now we can have safe and affordable energy,” he said.
Trump declared that the US is leading the world in Artificial Intelligence and that it is ahead of China in this field. He emphasized that Chinese President Xi Jinping respects what the US is doing, as his administration has allowed large companies to build their energy capacities. “We are doing more than any other country in the world,” Trump said.
He added that the development of Artificial Intelligence requires double the current energy and that he has given companies fast-track permits to build power plants, promising approvals within two weeks.
Trump has sharply criticized the European Union for its green energy policies, calling them “a big scam.” He said Europe and Britain have avoided using their vast energy reserves, which has led to significant price increases. He cited Germany, where he said energy production has fallen and prices have risen by 64%, and Britain, which produces only a third of its energy compared to 1999.
"I want Europe and Britain to do well. They have some of the largest energy reserves in the world and they're not using them," Trump concluded, stressing that his energy policy has avoided an energy collapse in the US, unlike what, according to him, has happened in the EU.
