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Wed Jun 18, 2014, 06:40 PM

Trump to Newsmax TV: US Should Seize Iraq Oil [View all]

Trump to Newsmax TV: US Should Seize Iraq Oil

Wednesday, 18 Jun 2014 11:55 AM

By Dan Weil

http://www.moneynews.com/StreetTalk/Trump-Sunni-Iraq-oil/2014/06/18/id/577801/

As Sunni militants reportedly took control of Iraq's largest oil refinery Wednesday, business titan Donald Trump, founder and CEO of Trump Corp., urged the U.S. government to take control of Iraq's oil Wednesday on "America's Forum" on Newsmax TV.

"I've been predicting for a long time that somebody, most likely the bad guys, are going to get the oil," he told J.D. Hayworth and John Bachman in an exclusive interview.


"And if you look at this morning, they veered off course, and instead of going into Baghdad initially — they'll get that later, don't worry about it — they decided to do the smart thing."

That was to go after Iraq's oil. "So now they have the oil, and they have lots of land, and they have lots of support, and they have lots of money, and they have our equipment, and we're a very stupidly run country."

Iraq now exports approximately 2.5 million barrels a day of crude, and approximately 300,000 barrels of that go to the United States, according to the Energy Information Agency. Those 300,000 barrels represent approximately 4 percent of U.S. imports.

Trump says the United States never should have intervened in Iraq in the first place. "But if we were going to be there, take the oil before Iran gets it or before the other militants get it," he said.

"What happened now is the worst nightmare."

Meanwhile, Trump is not surprised with Tuesday's news that consumer prices rose 0.4 percent last month, the most since February 2013.

"I'm not surprised because our country is a mess," he argues. "Our leader is incompetent, our country is an absolute mess and we're laughed at all over the world."

Trump is spending a lot of time overseas as he works on real estate projects in the Middle East and Europe. Foreigners "have no respect for Obama, no respect for our country," he notes. "They don’t even view us as a factor anymore."


The guys in white jackets and a big net need to seize ol' Badgerhair and put him where its padded and padlocked.

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