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Ted Cruz: “Majors like ExxonMobil and Chevron will survive a drop in…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Iran Revolution—Why this is Different…Trump is not Obama

Published | Video Starts at 25:24

But you don't want to slash the price of oil so dramatically that you devastate US Producers. And … Majors like ExxonMobil and Chevron will survive a drop in oil prices. … bucks a gallon, depending on what part of the country you're in. Yeah. If you're in California, there's still four or five bucks a gallon, but that's. (25:24–25:31)

CLAIM

Asserts that large oil companies can withstand lower oil prices.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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