1 00:00:09,000 --> 00:00:12,000 Speaker 1: Kasey, it's been a while since we've checked in on 2 00:00:12,080 --> 00:00:14,640 Speaker 1: what's going on with the price of gas. Yeah, you 3 00:00:14,680 --> 00:00:16,160 Speaker 1: know what, I was just thinking about the sea other 4 00:00:16,200 --> 00:00:19,239 Speaker 1: day because I can remember filling up, oh a year 5 00:00:19,280 --> 00:00:19,920 Speaker 1: and a half. 6 00:00:19,720 --> 00:00:21,960 Speaker 2: Ago, and it would cost me fifty dollars. 7 00:00:22,480 --> 00:00:25,160 Speaker 1: It's not quite there, But I'm wondering will we get 8 00:00:25,200 --> 00:00:26,000 Speaker 1: back to that level? 9 00:00:26,079 --> 00:00:27,120 Speaker 2: I certainly hope not. 10 00:00:27,360 --> 00:00:29,520 Speaker 1: Yeah, lucky for us when it comes to oil, when 11 00:00:29,560 --> 00:00:31,080 Speaker 1: it comes to gas, when it comes to going on 12 00:00:31,120 --> 00:00:33,480 Speaker 1: with what's going on with your pocketbook? We got a guy. 13 00:00:33,560 --> 00:00:35,559 Speaker 1: We got a guy. His name is Bill Herrick. We 14 00:00:35,560 --> 00:00:37,479 Speaker 1: have dubbed him the oil Guy. He joins us now, 15 00:00:37,520 --> 00:00:38,239 Speaker 1: Bill Herrick. 16 00:00:38,040 --> 00:00:40,520 Speaker 2: Hello, Good morning guys. How you do all right? 17 00:00:40,640 --> 00:00:43,160 Speaker 1: So you've got a whole bunch of good info for us. 18 00:00:43,200 --> 00:00:46,800 Speaker 1: But I want to start with because you run a 19 00:00:46,800 --> 00:00:50,600 Speaker 1: company called Midwest Energy Partners. Yes, and you get oil 20 00:00:50,680 --> 00:00:53,360 Speaker 1: out of the ground. That's what you do. That's why 21 00:00:53,080 --> 00:00:57,680 Speaker 1: you drive an automobile plated in gold. You live on 22 00:00:57,720 --> 00:01:01,280 Speaker 1: a ninety three acre Tommy sax. Yes, you're wealthy beyond 23 00:01:01,280 --> 00:01:04,200 Speaker 1: your wildest dreams. Right, but what has been going on 24 00:01:04,400 --> 00:01:07,160 Speaker 1: with Let's just start with oil. Since Trump took office. 25 00:01:07,360 --> 00:01:11,160 Speaker 2: Okay, great question. Well, you know when when he got 26 00:01:11,200 --> 00:01:14,000 Speaker 2: an office, oil is right at eighty dollars a barrel? 27 00:01:14,240 --> 00:01:15,080 Speaker 1: Is that good? Is that bad? 28 00:01:15,280 --> 00:01:18,920 Speaker 2: That was good? Actually it's a user for Me's gasoline 29 00:01:18,959 --> 00:01:21,200 Speaker 2: at the time was about three and a quarter. Yeah, so, 30 00:01:21,600 --> 00:01:24,360 Speaker 2: you know, and then he mentioned the tariff word and 31 00:01:24,560 --> 00:01:27,400 Speaker 2: the whole world started going in shock, thinking the world 32 00:01:27,400 --> 00:01:29,720 Speaker 2: economy was going to crash, and so prices went down 33 00:01:29,760 --> 00:01:32,480 Speaker 2: in the upper fifties and it was good to me, 34 00:01:32,640 --> 00:01:34,679 Speaker 2: and gasoline I think went down around about two eighty 35 00:01:34,680 --> 00:01:37,960 Speaker 2: five or so, and then we bound our in and 36 00:01:38,080 --> 00:01:40,560 Speaker 2: prices shot back up. In the mid seventies, oil did 37 00:01:40,680 --> 00:01:46,039 Speaker 2: and then and now gasoline, you know, kind of started 38 00:01:46,040 --> 00:01:49,160 Speaker 2: going back up. And then once they realized that the 39 00:01:49,200 --> 00:01:52,680 Speaker 2: world world wasn't going to have World War three, you know, 40 00:01:52,760 --> 00:01:55,160 Speaker 2: oil prices have gone back down in the sixties, and 41 00:01:55,320 --> 00:01:57,840 Speaker 2: you know, and we're still bouncing around this three dollars 42 00:01:57,880 --> 00:01:59,200 Speaker 2: three in a quarter gas price. 43 00:01:59,280 --> 00:02:01,720 Speaker 1: Okay, I hate this because you seem like such a 44 00:02:01,720 --> 00:02:04,360 Speaker 1: wonderful guy, but what's good for me is bad for you. 45 00:02:04,440 --> 00:02:06,840 Speaker 1: So I really need you to fail, right, because you 46 00:02:06,920 --> 00:02:08,520 Speaker 1: obviously make money the hire the oil. 47 00:02:08,680 --> 00:02:12,280 Speaker 2: Right. Yeah, Well, So here's here, Mike. Here's the couple 48 00:02:12,320 --> 00:02:14,359 Speaker 2: of things I always do. I do a lot of 49 00:02:14,400 --> 00:02:16,799 Speaker 2: research for your show, believe it or not, because I 50 00:02:16,800 --> 00:02:18,000 Speaker 2: want to go on. I want to I want to 51 00:02:18,080 --> 00:02:20,680 Speaker 2: educate your listeners, even though they probably when they hear 52 00:02:20,680 --> 00:02:23,280 Speaker 2: me they want to turn the radio off. But you know, 53 00:02:23,320 --> 00:02:25,400 Speaker 2: one thing I found out was that actually the worldwide 54 00:02:26,800 --> 00:02:30,000 Speaker 2: demand for oil has increased by one percent every year 55 00:02:30,040 --> 00:02:32,520 Speaker 2: going back to the year two thousand. So every year 56 00:02:33,080 --> 00:02:34,480 Speaker 2: demand for oil is gone up one percent. 57 00:02:34,520 --> 00:02:36,120 Speaker 1: So we'd be up to public school math has me 58 00:02:36,200 --> 00:02:37,000 Speaker 1: like twenty five percent. 59 00:02:37,200 --> 00:02:40,480 Speaker 2: So right, thanks, very good, that's very good. And so 60 00:02:40,480 --> 00:02:43,280 Speaker 2: so it's the question for me more is anything else 61 00:02:43,360 --> 00:02:45,880 Speaker 2: is demands can always be there is a question more 62 00:02:45,919 --> 00:02:48,799 Speaker 2: of supply and and uh, you know, right now we're 63 00:02:48,800 --> 00:02:51,040 Speaker 2: doing about thirteen and a half million barrels a day 64 00:02:51,360 --> 00:02:55,280 Speaker 2: in the United States, but we are a number of 65 00:02:55,760 --> 00:02:59,400 Speaker 2: drill well drills that we're currently operating right now is 66 00:02:59,400 --> 00:03:02,280 Speaker 2: down to the low four hundreds, and that's the lowest 67 00:03:02,360 --> 00:03:06,200 Speaker 2: level it's been since twenty twenty one. So the bottom 68 00:03:06,280 --> 00:03:07,680 Speaker 2: line is we're not drilling new wells. 69 00:03:08,520 --> 00:03:08,800 Speaker 1: Why not? 70 00:03:09,680 --> 00:03:11,959 Speaker 2: We don't have the price isn't good we're you know, 71 00:03:12,040 --> 00:03:13,560 Speaker 2: we're like I said, we're in the sixties. We really 72 00:03:13,600 --> 00:03:15,520 Speaker 2: need to have seventy five to eighty five dollars oil 73 00:03:16,120 --> 00:03:18,760 Speaker 2: to drill new wells. Kicher's just not gonna get a 74 00:03:18,800 --> 00:03:20,240 Speaker 2: return on We're not going to get the return we 75 00:03:20,240 --> 00:03:23,440 Speaker 2: need for our investors. They indivent know their independents aren't 76 00:03:23,440 --> 00:03:25,000 Speaker 2: going to get the return they need to get to 77 00:03:25,000 --> 00:03:27,200 Speaker 2: pay their cost and you know, like everything else, guys, 78 00:03:27,240 --> 00:03:29,320 Speaker 2: you know, our costs have gone up through the roof. 79 00:03:29,680 --> 00:03:32,560 Speaker 2: So you know, to drill well today is probably twenty 80 00:03:32,600 --> 00:03:34,920 Speaker 2: five percent more expensive than it was over years ago. 81 00:03:34,920 --> 00:03:36,680 Speaker 1: I have so many questions about that. So Bill Herrick 82 00:03:36,760 --> 00:03:40,240 Speaker 1: is our guest, he's our oil guy, Midwest Energy Partners, 83 00:03:40,240 --> 00:03:43,640 Speaker 1: that's his company. If he's doing well, you're doing bad. 84 00:03:43,680 --> 00:03:45,560 Speaker 1: That's all we like to say. No, we love Billy. 85 00:03:45,560 --> 00:03:48,560 Speaker 1: He's totally honest about that. Why is the cost of 86 00:03:48,680 --> 00:03:50,960 Speaker 1: drilling oil gone up? Doesn't the thing just still go 87 00:03:51,040 --> 00:03:53,880 Speaker 1: in the ground. What is more expensive about doing it now? 88 00:03:53,920 --> 00:03:56,240 Speaker 2: Well, it's all the parts, right, So it's labor. It's 89 00:03:56,280 --> 00:03:59,240 Speaker 2: steel for the for the tube that goes into the ground, 90 00:03:59,280 --> 00:04:02,080 Speaker 2: for the for the going on the well. It's it's 91 00:04:02,080 --> 00:04:05,280 Speaker 2: all all all the mechanical parts, all the liquids, all 92 00:04:05,320 --> 00:04:08,360 Speaker 2: the chemicals, everything's up twenty percent. 93 00:04:08,480 --> 00:04:11,040 Speaker 1: So what you're saying is that the use worldwide has 94 00:04:11,040 --> 00:04:13,120 Speaker 1: gone up about twenty five percent and the cost to 95 00:04:13,160 --> 00:04:14,640 Speaker 1: get it has gone up twenty five percent. 96 00:04:14,640 --> 00:04:15,400 Speaker 2: Absolutely, yep. 97 00:04:15,640 --> 00:04:19,600 Speaker 1: Okay. So there was a bunch of changes made under Biden. 98 00:04:19,800 --> 00:04:23,800 Speaker 1: They did the Green Dreams scam, areno stuff, and then 99 00:04:24,000 --> 00:04:25,640 Speaker 1: Trump came in as like I'm getting rid of all 100 00:04:25,640 --> 00:04:27,920 Speaker 1: of it. But then a bunch of Republicans got sideways 101 00:04:27,960 --> 00:04:29,760 Speaker 1: and we're like, well, our state is making a bunch 102 00:04:29,800 --> 00:04:32,760 Speaker 1: of money off the green scam. What happened with the 103 00:04:32,920 --> 00:04:35,320 Speaker 1: green dream as a part of the big bull crap bill? 104 00:04:35,320 --> 00:04:37,160 Speaker 1: And how's that go affect what I got paid for? Stuff? 105 00:04:37,240 --> 00:04:39,280 Speaker 2: All right? Well, I was gonna I wanted to take 106 00:04:39,279 --> 00:04:41,279 Speaker 2: it one more and one more thing real quickly about 107 00:04:41,320 --> 00:04:42,520 Speaker 2: oil if I could. 108 00:04:42,920 --> 00:04:45,000 Speaker 1: It's very good. You're a professional answer the question you 109 00:04:45,040 --> 00:04:45,520 Speaker 1: want to answer. 110 00:04:45,600 --> 00:04:49,159 Speaker 2: So again, my concern is that we're not Yeah, I know, 111 00:04:49,200 --> 00:04:51,080 Speaker 2: well we're not. We're not drilling any new wells, so 112 00:04:51,120 --> 00:04:54,080 Speaker 2: that means our production is going to start dropping. And 113 00:04:54,160 --> 00:04:57,480 Speaker 2: as supply drops and the demand stays strong, prices are 114 00:04:57,480 --> 00:04:59,479 Speaker 2: going to start increasing. So I do think we're going 115 00:04:59,520 --> 00:05:03,040 Speaker 2: to see higher oil and gas prices next year. Maybe 116 00:05:03,080 --> 00:05:05,520 Speaker 2: nothing crazy, but three fifty three seventy five a gallon 117 00:05:05,880 --> 00:05:08,799 Speaker 2: or gasoline is probably going to be the norm. Because 118 00:05:09,160 --> 00:05:12,280 Speaker 2: unless we listenings turn around, and we aren't, we don't 119 00:05:12,320 --> 00:05:15,040 Speaker 2: start drilling some new wells. As I mentioned before in 120 00:05:15,080 --> 00:05:17,560 Speaker 2: the show, every every well that's ever been drilled declines 121 00:05:17,560 --> 00:05:19,720 Speaker 2: about five percent a year. So just to make up 122 00:05:19,720 --> 00:05:22,040 Speaker 2: for that decline, you've got to be drilling a number 123 00:05:22,040 --> 00:05:23,880 Speaker 2: of new wells which were not so okay. 124 00:05:23,960 --> 00:05:26,520 Speaker 1: So tell me about the green stuff. So, yeah, sounds 125 00:05:26,520 --> 00:05:28,320 Speaker 1: like a rip off. Well, the green stuff. 126 00:05:28,480 --> 00:05:33,560 Speaker 2: You know, we've the you know in your favorite your 127 00:05:33,560 --> 00:05:38,480 Speaker 2: favorite new bill that we just passed. What was the 128 00:05:38,520 --> 00:05:40,160 Speaker 2: name of it again, ever, the big bull crap bill, 129 00:05:40,200 --> 00:05:40,760 Speaker 2: Big bull crab. 130 00:05:40,960 --> 00:05:41,520 Speaker 1: Yeah, there I go. 131 00:05:42,080 --> 00:05:44,560 Speaker 2: H there were some good things in there that I 132 00:05:44,600 --> 00:05:49,440 Speaker 2: think affect the green energy. Uh. And and basically the 133 00:05:49,600 --> 00:05:54,000 Speaker 2: undid the Inflation Reduction Act that Biden did. So, for example, 134 00:05:54,040 --> 00:05:56,200 Speaker 2: the maximum tax credit of seventy five hundred dollars for 135 00:05:56,200 --> 00:05:59,279 Speaker 2: buy an electric car ends on September thirtieth. 136 00:05:58,880 --> 00:06:00,000 Speaker 1: So better get that pass. 137 00:06:00,160 --> 00:06:01,600 Speaker 2: Yeah, better go on and my one if you if 138 00:06:01,600 --> 00:06:04,800 Speaker 2: you're thinking about buying one, because it'll go away. A 139 00:06:04,800 --> 00:06:08,000 Speaker 2: lot of the energy credits for your house are going 140 00:06:08,080 --> 00:06:09,560 Speaker 2: to go away at the end of the year. So 141 00:06:09,680 --> 00:06:11,400 Speaker 2: a lot of times, you know, you put new windows in, 142 00:06:11,480 --> 00:06:14,919 Speaker 2: you put new new roofing on, whatever, a lot of 143 00:06:14,920 --> 00:06:17,840 Speaker 2: those credits are going to go away. The wind and 144 00:06:17,839 --> 00:06:19,839 Speaker 2: solar product projects are going to have to work on 145 00:06:19,880 --> 00:06:22,480 Speaker 2: a positive business model. I mean, they're gonna have to 146 00:06:22,520 --> 00:06:25,120 Speaker 2: cash flow on their own as opposed to getting these 147 00:06:25,200 --> 00:06:28,720 Speaker 2: huge tax subsidies, you know, and and and loan guarantees 148 00:06:28,720 --> 00:06:29,440 Speaker 2: and all that sort of stuff. 149 00:06:29,560 --> 00:06:31,240 Speaker 1: Work on their own. 150 00:06:31,520 --> 00:06:33,360 Speaker 2: That's exactly right. They should be and they should have 151 00:06:33,440 --> 00:06:36,719 Speaker 2: been doing that all along, but unfortunately that's not what's happened. 152 00:06:36,760 --> 00:06:38,080 Speaker 2: So so you. 153 00:06:38,000 --> 00:06:43,039 Speaker 1: Can say it louder. Why can't they make it work 154 00:06:43,040 --> 00:06:44,560 Speaker 1: on their own? Is there just not a demand for 155 00:06:44,800 --> 00:06:46,560 Speaker 1: like why do you have any theory on that? Uh? 156 00:06:47,320 --> 00:06:50,440 Speaker 2: Not really, it's just that just the volumes. Why why 157 00:06:49,880 --> 00:06:53,640 Speaker 2: the amount of energy that that that is produced, uh 158 00:06:54,040 --> 00:06:56,760 Speaker 2: is relatively minor compared to the cost that gets a 159 00:06:57,040 --> 00:06:59,599 Speaker 2: For example, let me just say this, since two thousand 160 00:06:59,600 --> 00:07:03,119 Speaker 2: and four, five point four trillion dollars have been spent 161 00:07:03,600 --> 00:07:07,039 Speaker 2: worldwide on solar and wind projects, and they have a 162 00:07:07,040 --> 00:07:09,880 Speaker 2: three percent market share in terms of providing energy in 163 00:07:09,920 --> 00:07:10,239 Speaker 2: the world. 164 00:07:10,280 --> 00:07:14,320 Speaker 1: Wow. Bill Herrick, the oil guy, is our guest, Midwest 165 00:07:14,400 --> 00:07:18,760 Speaker 1: Energy Partners. That's his company. We're talking about oil gas energy. Okay, 166 00:07:18,840 --> 00:07:22,160 Speaker 1: real quick question. I see a lot of these a 167 00:07:22,160 --> 00:07:24,880 Speaker 1: lot of pressure from these solar farms to just take 168 00:07:24,920 --> 00:07:26,960 Speaker 1: this beautiful farm land and put a bunch of solar 169 00:07:27,000 --> 00:07:29,640 Speaker 1: farms right here in Central Indiana, and some communities are 170 00:07:29,640 --> 00:07:32,720 Speaker 1: outraged about this. The legislature seems to be buying into 171 00:07:32,720 --> 00:07:34,880 Speaker 1: some of that bull crap. Should we be concerned about that? 172 00:07:35,120 --> 00:07:38,400 Speaker 2: Well? I think again that's the tax credits are gonna 173 00:07:38,440 --> 00:07:41,680 Speaker 2: go away. So most of these projects don't work. So 174 00:07:42,200 --> 00:07:44,560 Speaker 2: again I don't I think those problems are going to 175 00:07:44,600 --> 00:07:49,000 Speaker 2: solve themselves looking at them. But I know in one 176 00:07:49,000 --> 00:07:52,560 Speaker 2: particular case, actually, one of my partners was presented with 177 00:07:52,600 --> 00:07:55,600 Speaker 2: a case two years ago, first solar farm and they've 178 00:07:55,640 --> 00:07:58,240 Speaker 2: totally gone away. It's the number is just going to work. 179 00:07:58,280 --> 00:08:00,240 Speaker 1: Can you tell us about the recent survey that done 180 00:08:00,280 --> 00:08:01,920 Speaker 1: by the American Enterprise Institute. 181 00:08:01,960 --> 00:08:03,560 Speaker 2: Oh, I'd love to, because I know you guys love 182 00:08:03,600 --> 00:08:08,160 Speaker 2: surveys you know. So, Yeah, there's an entity called American 183 00:08:08,280 --> 00:08:12,880 Speaker 2: Enterprise Institute canvas voters last October about global warming and 184 00:08:12,920 --> 00:08:14,400 Speaker 2: green energy, and. 185 00:08:14,360 --> 00:08:16,400 Speaker 1: They asked people how they felt about it. 186 00:08:16,480 --> 00:08:18,840 Speaker 2: Yeah, And they also asked if people were considered themselves 187 00:08:18,880 --> 00:08:22,640 Speaker 2: as conservative or liberal, which I found as an interesting 188 00:08:22,720 --> 00:08:24,680 Speaker 2: question to start with. And the survey had a lot 189 00:08:24,720 --> 00:08:27,560 Speaker 2: of predictable results, right. One of them was that liberals 190 00:08:27,560 --> 00:08:33,360 Speaker 2: are not very smart when it comes about energy, you know. So, 191 00:08:33,559 --> 00:08:36,360 Speaker 2: for example, they survey found that fifty three percent of 192 00:08:36,360 --> 00:08:38,920 Speaker 2: the voters who identify as liberal believe we should phase 193 00:08:38,960 --> 00:08:42,800 Speaker 2: out all use of coal, natural gas, and oil, lying 194 00:08:42,960 --> 00:08:46,440 Speaker 2: entirely on renewable energy sources. Wow. So now keep in 195 00:08:46,440 --> 00:08:48,280 Speaker 2: mind again the solar doesn't work in the dark, and 196 00:08:48,280 --> 00:08:51,840 Speaker 2: wind doesn't work when it's not windy, so, you know, yeah, 197 00:08:51,960 --> 00:08:54,840 Speaker 2: good luck keeping your air conditioning on if that's going. 198 00:08:54,760 --> 00:08:56,480 Speaker 1: To do those people think that through. 199 00:08:57,520 --> 00:08:59,280 Speaker 2: I don't. I don't have a clue. I mean, it's 200 00:08:59,320 --> 00:09:02,319 Speaker 2: beyond me. But only twenty nine percent of all the 201 00:09:02,400 --> 00:09:05,880 Speaker 2: voters in the survey though, believe that. So so again 202 00:09:06,000 --> 00:09:08,200 Speaker 2: just tells you how much out of line the liberals are. 203 00:09:08,280 --> 00:09:11,720 Speaker 2: But other predictable results and I thought were interesting. Forty 204 00:09:11,760 --> 00:09:15,680 Speaker 2: percent of the voters saw the climate change was a priority. 205 00:09:16,160 --> 00:09:18,040 Speaker 2: I should say only forty percent of the top five 206 00:09:18,160 --> 00:09:21,840 Speaker 2: they mentioned we're striking the economy, fighting inflation, preventing terrorism, 207 00:09:21,880 --> 00:09:24,920 Speaker 2: protecting her borders, and reducing health. 208 00:09:25,360 --> 00:09:27,840 Speaker 1: It's only the green crazy people actually care about. 209 00:09:28,200 --> 00:09:31,520 Speaker 2: Yeah. Well, and here's the other thing. I think two things. Actually, 210 00:09:31,679 --> 00:09:34,040 Speaker 2: only thirty eight percent of the people that were canvas 211 00:09:34,160 --> 00:09:36,959 Speaker 2: were willing to pay a dollar one dollar a month 212 00:09:37,040 --> 00:09:38,640 Speaker 2: for climate change. 213 00:09:39,040 --> 00:09:40,200 Speaker 1: What was the number one percent? 214 00:09:40,360 --> 00:09:44,240 Speaker 2: Thirty eight percent? So you got two thirds of the 215 00:09:44,240 --> 00:09:45,719 Speaker 2: people saying, no, I'm not going to even pay a 216 00:09:45,760 --> 00:09:46,520 Speaker 2: dollar for that. 217 00:09:46,520 --> 00:09:47,000 Speaker 1: That's great. 218 00:09:47,080 --> 00:09:49,360 Speaker 2: Yeah. And then and then almost seventy percent of the 219 00:09:49,400 --> 00:09:52,480 Speaker 2: response we're against paying for green energy projects have meant 220 00:09:52,520 --> 00:09:53,720 Speaker 2: paying higher utile costs. 221 00:09:53,800 --> 00:09:56,240 Speaker 1: Hey question, Casey scribbled us down in her paper there, 222 00:09:56,280 --> 00:09:58,680 Speaker 1: and I thought that means she desperately wants it to 223 00:09:58,679 --> 00:10:02,120 Speaker 1: be asked, what do you know these small modular reactors, 224 00:10:02,160 --> 00:10:04,840 Speaker 1: brons trying to sell these this nuclear power stuff as 225 00:10:04,880 --> 00:10:07,160 Speaker 1: something end all, be all. I'm not aware of anywhere 226 00:10:07,200 --> 00:10:09,000 Speaker 1: this has actually worked in this country. 227 00:10:08,679 --> 00:10:12,959 Speaker 2: Yet, right, I'm not I'm not really that intelligent about it. 228 00:10:13,040 --> 00:10:15,240 Speaker 2: I mean I read about it, and they're they're interesting. 229 00:10:16,520 --> 00:10:19,200 Speaker 2: You know, the data center issue is a big issue 230 00:10:19,200 --> 00:10:21,800 Speaker 2: that I have because it's going to cause us all 231 00:10:21,840 --> 00:10:25,160 Speaker 2: to pay significantly higher utility prices. It doesn't provide any 232 00:10:25,320 --> 00:10:27,280 Speaker 2: new jobs. It takes a bunch of land, it takes 233 00:10:27,280 --> 00:10:29,840 Speaker 2: a bunch of water resources. I don't understand what they 234 00:10:29,960 --> 00:10:34,280 Speaker 2: what the the excitement is about doing these things. But 235 00:10:34,280 --> 00:10:36,560 Speaker 2: but yeah, a lot of these would be requiring to 236 00:10:36,559 --> 00:10:38,640 Speaker 2: be building these little mini nuclear plants. 237 00:10:38,679 --> 00:10:40,320 Speaker 1: Okay, before I let you go, have a very important 238 00:10:40,360 --> 00:10:42,160 Speaker 1: question for you, because you know, in my mind, I 239 00:10:42,240 --> 00:10:45,840 Speaker 1: picture you like what you're like a JR. Ewing like 240 00:10:45,880 --> 00:10:50,520 Speaker 1: you've got a cowboy hat on the belt buckle check 241 00:10:50,679 --> 00:10:53,560 Speaker 1: how many? How many times when because you are John 242 00:10:53,559 --> 00:10:55,840 Speaker 1: Herrick's father, I know, we always like to preface a 243 00:10:56,120 --> 00:10:59,200 Speaker 1: news director at w IBC with your cowboy hat on, 244 00:10:59,800 --> 00:11:01,280 Speaker 1: or you standing out at the well and you looked 245 00:11:01,280 --> 00:11:03,160 Speaker 1: at John and as a boy and said you're just 246 00:11:03,160 --> 00:11:06,200 Speaker 1: a colossal disappointment. How many times did that happen? 247 00:11:07,200 --> 00:11:09,000 Speaker 2: Never? Never, He's a great kid. 248 00:11:09,080 --> 00:11:10,960 Speaker 1: You never looked at him once since said this could 249 00:11:10,960 --> 00:11:12,120 Speaker 1: all be yours one day. 250 00:11:13,000 --> 00:11:14,320 Speaker 2: Yeah, which is why he got into radio. 251 00:11:14,400 --> 00:11:17,200 Speaker 1: That's right, he said, no, thank you. Yeah, we love John, 252 00:11:17,240 --> 00:11:19,120 Speaker 1: Midwest Energy Partners, Bill Herrick, you are the best. 253 00:11:19,120 --> 00:11:20,239 Speaker 2: Thanks, thank you.