Politics

Trump claims US is world's largest supplier of oil and natural gas in final midterm campaign pitch

Trump claims US is world's largest supplier of oil and natural gas in final midterm campaign pitch

Washington DC [US], November 3 (ANI): US President Donald Trump on Monday (local time) claimed that the United States had become the world's largest supplier of oil and natural gas, crediting his administration's energy policies and increased domestic production, as he highlighted his government's record in his final campaign pitch ahead of the US midterm elections.

Speaking at the reopening of the Lincoln Memorial Reflecting Pool at the National Mall, Trump touted his administration's 'drill, baby, drill' pledge and claimed that the United States, together with Venezuela, accounted for nearly half of the world's oil reserves.

"Drill, baby, drill" is Trump's push to expand domestic oil and natural gas production by easing regulations and increasing drilling.

'When you add just Venezuela and the United States, we have almost 50% of the world's oil. We have more than Saudi Arabia and Russia, by far, put together,' Trump said.

He also claimed that the US had secured a significant advantage in global energy supplies through its access to Venezuelan and Greenland resources, while criticising the previous administration's approach to climate and energy policies.

Moving to the economy, Trump claimed that personal incomes in the US had reached their highest levels in history, while poverty had fallen to a record low. He also said American exports were at an all-time high and employment had reached its highest level.

'Personal incomes are the highest in history. The poverty rate is at an all-time record low, meaning good-best poverty rate we've had ever in history. Best personal incomes we've had ever in history. American exports are at an all-time high, and more people are working today than at any point in the history of our country,' he said.

Touting his administration's record on border security and taxation, Trump claimed that the country had its most secure border and had introduced the largest tax cuts in its history.

'We have a most secure border in our history. We have the largest tax cuts in our history,' he said.

Urging voters to support Republican candidates, Trump described the November 3 elections as the 'most important midterm' of his lifetime and accused Democrats of fielding what he called the most extreme slate of candidates in American history.