The O'Reilly Update, May 12, 2026

Bill O'Reilly delivers a sharp critique of corporate greed amid rising gas prices, arguing that American oil companies are profiting from global demand while consumers suffer. He calls out the lack of government action, suggesting Congress could impose a windfall profit tax but won't—citing political inaction and corporate influence. O'Reilly also highlights the irony of President Trump's upcoming China visit, where top U.S. CEOs accompany him, while the U.S. faces domestic crises like the hantavirus outbreak and LA's deteriorating public safety. He frames the LA mayoral race as a referendum on law enforcement and civic order, praising outsider candidate Spencer Pratt’s bold plan to enforce basic laws for three weeks. The episode closes with a historical deep dive into the Lindbergh baby kidnapping, revealing how it led to the creation of the federal kidnapping law and expanded FBI authority—showing how one tragedy reshaped American justice. O'Reilly’s message is clear: accountability is missing at every level, from Wall Street to Washington.