1 00:00:02,680 --> 00:00:05,280 Speaker 1: Okay, under when you hear the new Supreme leader say 2 00:00:05,440 --> 00:00:08,920 Speaker 1: it's their intention to keep up the pressure that they're 3 00:00:08,960 --> 00:00:12,440 Speaker 1: going to keep the straights and removes closed, where does 4 00:00:12,480 --> 00:00:13,440 Speaker 1: that lead the US? 5 00:00:15,280 --> 00:00:17,639 Speaker 2: Well, I think it leaves us in a pretty tough spot. 6 00:00:18,200 --> 00:00:21,119 Speaker 2: Most of that oil goes to China and India, so to 7 00:00:21,239 --> 00:00:26,360 Speaker 2: Asia that crude oil, but it does affect the worldwide 8 00:00:26,400 --> 00:00:30,960 Speaker 2: market price for crude oil and also for natural gas. 9 00:00:31,400 --> 00:00:34,040 Speaker 2: So we're going to see higher prices at the pump. 10 00:00:34,440 --> 00:00:37,200 Speaker 2: But also, you know, people will pay more for gas 11 00:00:37,240 --> 00:00:42,239 Speaker 2: than just energy in general cost more. You know, this administration, 12 00:00:43,000 --> 00:00:45,800 Speaker 2: you know, made it harder for the energy that we 13 00:00:45,880 --> 00:00:49,360 Speaker 2: did have available in this country to put on the grid. 14 00:00:49,600 --> 00:00:52,760 Speaker 2: Now it's a separate energy source, but it is also 15 00:00:52,800 --> 00:00:56,080 Speaker 2: important to bring down people's utility prices. They made it 16 00:00:56,120 --> 00:00:59,600 Speaker 2: to harder to permit solar and wind projects. 17 00:01:00,000 --> 00:01:02,960 Speaker 3: Okay, So that's Senator Mark Kelly, and he's blaming the 18 00:01:02,960 --> 00:01:06,280 Speaker 3: Trump administration saying we're going to see higher gas prices 19 00:01:06,319 --> 00:01:08,600 Speaker 3: at the pump because of what is going on with Iran. 20 00:01:08,720 --> 00:01:13,000 Speaker 3: Did he complain about gas prices when Joe Biden was president? 21 00:01:13,080 --> 00:01:15,480 Speaker 3: Go ahead, go ahead and look look at see let 22 00:01:15,560 --> 00:01:19,000 Speaker 3: me know what you come up with. Oh wait, no, no, nothing, 23 00:01:19,040 --> 00:01:21,520 Speaker 3: you'll find nothing about that. Just a reminder we can 24 00:01:21,560 --> 00:01:23,800 Speaker 3: complain about the price of gas right now. It is 25 00:01:23,840 --> 00:01:26,400 Speaker 3: still lower than when Joe Biden was president. 26 00:01:26,800 --> 00:01:27,360 Speaker 4: My name is. 27 00:01:27,319 --> 00:01:29,399 Speaker 3: Casey, that is Jim. Thank you so much for being 28 00:01:29,440 --> 00:01:32,959 Speaker 3: here today. Damaging wins across the Great State of Indiana. 29 00:01:32,959 --> 00:01:35,920 Speaker 3: We'll keep an eye on that today things are quite windy. 30 00:01:36,319 --> 00:01:39,240 Speaker 3: Also coming up today, the red state of Florida about 31 00:01:39,240 --> 00:01:42,479 Speaker 3: to pass its own Save America Act and then they're 32 00:01:42,480 --> 00:01:44,440 Speaker 3: going to send that on too Governor Ron de Santis 33 00:01:44,520 --> 00:01:49,520 Speaker 3: for his signature. Here is CFO Blaze Ingoglia talking about 34 00:01:49,520 --> 00:01:53,080 Speaker 3: how they're going to look for voter ID in the 35 00:01:53,080 --> 00:01:54,120 Speaker 3: Great State of Florida. 36 00:01:54,400 --> 00:01:57,040 Speaker 4: The State of Florida is on the verge of passing 37 00:01:57,360 --> 00:02:01,320 Speaker 4: its own version of the Save Act, which is going 38 00:02:01,360 --> 00:02:04,680 Speaker 4: to look for voter ID and also to verify that 39 00:02:04,720 --> 00:02:07,960 Speaker 4: the people that are voting in our elections are indeed 40 00:02:08,639 --> 00:02:12,760 Speaker 4: actual US citizens. Florida should have this bill passed. My 41 00:02:12,840 --> 00:02:16,880 Speaker 4: guess is either today or tomorrow, and it will find 42 00:02:16,919 --> 00:02:20,519 Speaker 4: its way off to the governor to be signed into law. 43 00:02:21,240 --> 00:02:23,160 Speaker 3: So that's going to be a new trend. States are 44 00:02:23,160 --> 00:02:25,600 Speaker 3: individually going to be passing their own save acts like 45 00:02:25,639 --> 00:02:28,800 Speaker 3: Florida is going to verify that people that are voting 46 00:02:28,840 --> 00:02:32,880 Speaker 3: in our elections are indeed actual US citizens. Also on 47 00:02:32,919 --> 00:02:37,440 Speaker 3: the way, Scott Besstt, Secretary of the Treasury, he announced 48 00:02:37,480 --> 00:02:41,880 Speaker 3: the Internal Revenue Service is launching massive audits of financial 49 00:02:41,880 --> 00:02:46,560 Speaker 3: institutions that facilitated laundering of Minnesota funds. 50 00:02:46,720 --> 00:02:52,320 Speaker 5: Civil Enforcement is auditing financial institutions that facilitated the laundering 51 00:02:52,480 --> 00:02:57,240 Speaker 5: of Minnesota funds. In addition to helping support criminal and 52 00:02:57,320 --> 00:03:03,400 Speaker 5: civil enforcement efforts. Will also soon announce the formation of 53 00:03:03,440 --> 00:03:04,280 Speaker 5: a task force. 54 00:03:04,960 --> 00:03:07,800 Speaker 3: Okay, so a task force by the IRS going after 55 00:03:07,880 --> 00:03:12,520 Speaker 3: fraud instead of going after you the taxpayer. Well that's 56 00:03:12,560 --> 00:03:16,240 Speaker 3: welcome news. And finally, how to celebrate St Patrick's Day 57 00:03:16,400 --> 00:03:20,480 Speaker 3: in Indianapolis. Saint Patrick's Day maybe four days away, but 58 00:03:20,560 --> 00:03:22,360 Speaker 3: the Shenanigans begin today. 59 00:03:22,919 --> 00:03:25,560 Speaker 6: Saint Patrick, as we know, was the historic man of 60 00:03:25,600 --> 00:03:29,360 Speaker 6: God who, with passion and strength of conviction, converted the 61 00:03:29,360 --> 00:03:33,320 Speaker 6: people of Ireland to Christianity. I have a deep and 62 00:03:33,360 --> 00:03:38,120 Speaker 6: abiding respect for the accomplishments of Saint Patrick, an individual 63 00:03:38,120 --> 00:03:40,800 Speaker 6: who was able to turn the head of the entire 64 00:03:40,840 --> 00:03:45,000 Speaker 6: Irish race. Having done my best these last six years, 65 00:03:45,000 --> 00:03:47,280 Speaker 6: even on the minor issues to convert the likes of 66 00:03:47,320 --> 00:04:02,080 Speaker 6: Senator Kennedy and Speaker O'Neil, I can only stand in 67 00:04:02,120 --> 00:04:06,920 Speaker 6: awe of such a man. Saint Patrick's imprint can be 68 00:04:07,000 --> 00:04:10,440 Speaker 6: found even today on the character the Irish People and 69 00:04:10,520 --> 00:04:13,040 Speaker 6: on all of us who trace our roots to Ireland. 70 00:04:13,680 --> 00:04:16,400 Speaker 3: Friday, Ronald Reagan, does it get any better? 71 00:04:16,480 --> 00:04:19,120 Speaker 7: No, it's so funny. So I was not expecting that 72 00:04:19,200 --> 00:04:21,680 Speaker 7: clip because I didn't hear it in advance, and so 73 00:04:22,000 --> 00:04:24,800 Speaker 7: initially my brain reacts and I go, oh, that's Ronald Reagan. 74 00:04:24,920 --> 00:04:27,440 Speaker 7: Is it odd? My first instinct, this is not a joke. 75 00:04:27,480 --> 00:04:29,440 Speaker 7: My first instinct was to put my hand over my 76 00:04:29,520 --> 00:04:33,760 Speaker 7: heart like that. That's how you know, incredible Ronald. I 77 00:04:33,839 --> 00:04:35,840 Speaker 7: did salute for the YouTube cameras, which, by the way, 78 00:04:35,839 --> 00:04:38,400 Speaker 7: you can watch us on YouTube. But that was my 79 00:04:38,440 --> 00:04:41,560 Speaker 7: first inclination, is to just kind of like salute him 80 00:04:41,640 --> 00:04:44,080 Speaker 7: or put my hand over my heart. Always a good 81 00:04:44,160 --> 00:04:46,320 Speaker 7: day when we can get some Ronald Reagan audio on 82 00:04:46,360 --> 00:04:46,680 Speaker 7: the show. 83 00:04:46,800 --> 00:04:50,080 Speaker 3: So back to what Senator Mark Kelly was saying. He's saying, 84 00:04:50,120 --> 00:04:52,200 Speaker 3: you're going to see higher prices at the pomp. People 85 00:04:52,240 --> 00:04:54,920 Speaker 3: are going to pay more for gas and more for 86 00:04:55,000 --> 00:04:58,000 Speaker 3: everything because of that. And it was just yesterday that 87 00:04:58,080 --> 00:05:01,800 Speaker 3: the International Energy Agent SEA, which is based out of Paris, 88 00:05:02,240 --> 00:05:05,000 Speaker 3: said that the Iran war is creating the largest supply 89 00:05:05,160 --> 00:05:09,800 Speaker 3: disruption in the history of the global oil market. They 90 00:05:09,800 --> 00:05:12,160 Speaker 3: went on to say that this is an even bigger 91 00:05:12,200 --> 00:05:17,600 Speaker 3: oil shock than the Arab oil embargo of the nineteen seventies. 92 00:05:17,680 --> 00:05:21,440 Speaker 3: So suddenly the world's gas pumps, shipping lanes, grocery stores, 93 00:05:21,680 --> 00:05:26,320 Speaker 3: everything all gets held hostage, millions of barrels disappear, prices spike, 94 00:05:26,640 --> 00:05:30,479 Speaker 3: and the US, despite being the biggest producer, can't escape it. 95 00:05:30,520 --> 00:05:33,839 Speaker 3: We've got global oil markets like a house of cards, 96 00:05:34,240 --> 00:05:36,640 Speaker 3: and the Strait of Hormuz is just one single card 97 00:05:36,920 --> 00:05:40,159 Speaker 3: that can bring the whole thing down. 98 00:05:41,160 --> 00:05:44,880 Speaker 7: And let's I'm getting the sense that we're kind of 99 00:05:45,000 --> 00:05:47,320 Speaker 7: entering into this part of the war where we start 100 00:05:47,320 --> 00:05:51,240 Speaker 7: to see a lot of panic and doom and gloom 101 00:05:51,560 --> 00:05:55,400 Speaker 7: and stories that are leaked out intentionally to kind of 102 00:05:55,400 --> 00:05:57,320 Speaker 7: cause fear among the American public. And I'm going to 103 00:05:57,360 --> 00:05:58,880 Speaker 7: go back to a story we talked about earlier in 104 00:05:58,920 --> 00:06:01,960 Speaker 7: the week where ABC News reported that there was this 105 00:06:02,120 --> 00:06:04,920 Speaker 7: FBI memo to you know, law enforcement in California to 106 00:06:04,960 --> 00:06:06,680 Speaker 7: be on you know, be on alert for you know, 107 00:06:06,800 --> 00:06:10,520 Speaker 7: drunke drones strike from Iran, and the Press secretary President's 108 00:06:10,520 --> 00:06:13,000 Speaker 7: Press secretary came out, Carolyn Levitt and said, you know, 109 00:06:13,080 --> 00:06:16,400 Speaker 7: that's an erroneous report. It was unverified information. And actually 110 00:06:16,520 --> 00:06:19,240 Speaker 7: ABC News had to send out a correction to that 111 00:06:19,320 --> 00:06:21,440 Speaker 7: story from yesterday. But it does cause a lot of 112 00:06:21,440 --> 00:06:23,720 Speaker 7: panic yesterday, you know, earlier this week. And I get 113 00:06:23,720 --> 00:06:25,320 Speaker 7: the sense that this is a lot of it too, 114 00:06:25,360 --> 00:06:26,760 Speaker 7: and so I want to take a look at the 115 00:06:26,800 --> 00:06:29,440 Speaker 7: facts here as we take a look at this. Yes, 116 00:06:30,080 --> 00:06:32,400 Speaker 7: gas prices are up a good bit in the state 117 00:06:32,400 --> 00:06:35,880 Speaker 7: of Indiana, but the last several days they've stabilized and 118 00:06:35,920 --> 00:06:38,400 Speaker 7: they really haven't moved at all. And yes, oil is 119 00:06:38,600 --> 00:06:41,320 Speaker 7: up a good bit, but it's way down from its 120 00:06:41,360 --> 00:06:43,920 Speaker 7: peak of one hundred and twenty that happened Sunday night 121 00:06:44,040 --> 00:06:46,680 Speaker 7: Monday morning. Now it is still up thirty percent. And yes, 122 00:06:46,800 --> 00:06:49,680 Speaker 7: the stock market is down about seven percent. Keep in 123 00:06:49,680 --> 00:06:52,640 Speaker 7: mind stock market was up over twenty percent in twenty 124 00:06:52,720 --> 00:06:54,479 Speaker 7: twenty five. So I just think I think it's a 125 00:06:54,480 --> 00:06:57,200 Speaker 7: good idea to kind of sit back and take a 126 00:06:57,240 --> 00:06:59,800 Speaker 7: breath as we hear all of these you know, do 127 00:07:00,120 --> 00:07:03,600 Speaker 7: in gloom and panic stories that come out of the news. Yes, 128 00:07:03,680 --> 00:07:06,719 Speaker 7: this is a concern. Yes gas prices are going to 129 00:07:06,760 --> 00:07:08,840 Speaker 7: go up, and yes they may stay up for a 130 00:07:08,880 --> 00:07:11,280 Speaker 7: little while. But what I keep going back to is 131 00:07:11,920 --> 00:07:15,640 Speaker 7: if Trump can end up getting a win from this 132 00:07:15,880 --> 00:07:19,160 Speaker 7: in the next two three four months, we will look 133 00:07:19,200 --> 00:07:21,200 Speaker 7: back at this as kind of a at least from 134 00:07:21,240 --> 00:07:24,720 Speaker 7: an economic standpoint, and you know how it affects American's 135 00:07:24,800 --> 00:07:26,200 Speaker 7: day to day lives, will look. 136 00:07:26,080 --> 00:07:27,920 Speaker 3: Back to temporary pain for long term gain. 137 00:07:28,280 --> 00:07:28,559 Speaker 8: Yeah. 138 00:07:28,600 --> 00:07:30,800 Speaker 7: I wasn't gonna use those words since we had that 139 00:07:30,880 --> 00:07:33,480 Speaker 7: audio earlier in the week where all the newscasters on 140 00:07:33,520 --> 00:07:35,840 Speaker 7: every outlook we're you know, repeating the same thing over 141 00:07:35,880 --> 00:07:38,560 Speaker 7: and over again. But hopefully when we see three four 142 00:07:38,600 --> 00:07:41,000 Speaker 7: months from now, we'll be like, Okay, that was a 143 00:07:41,000 --> 00:07:42,240 Speaker 7: little blip in our lives. 144 00:07:42,320 --> 00:07:44,680 Speaker 3: So we do have twenty percent of the world's oil 145 00:07:45,280 --> 00:07:49,360 Speaker 3: normally moving through that straight so any disruption, of course, 146 00:07:49,480 --> 00:07:52,800 Speaker 3: it's gonna hit global markets. But you have to keep 147 00:07:52,800 --> 00:07:55,760 Speaker 3: in mind that we are the biggest oil producer on Earth. 148 00:07:56,560 --> 00:07:59,240 Speaker 3: We still can't escape that chaos there, But that's how 149 00:07:59,400 --> 00:08:03,840 Speaker 3: global energy markets work. Here is Donald Trump talking about 150 00:08:03,880 --> 00:08:06,640 Speaker 3: releasing oil from the strategic reserves. 151 00:08:06,840 --> 00:08:07,480 Speaker 1: It was a. 152 00:08:07,360 --> 00:08:11,040 Speaker 5: Timeline on when you're planning to tap a strategic petroleum reserve, 153 00:08:11,080 --> 00:08:12,800 Speaker 5: a timeline of when that quit happen. 154 00:08:12,640 --> 00:08:15,600 Speaker 8: You're to be doing it very quickly. And then we'll 155 00:08:15,600 --> 00:08:17,680 Speaker 8: fill it up. We'll fill up our reserves, you know, 156 00:08:18,240 --> 00:08:20,800 Speaker 8: if you remember, I filled them up, and then I 157 00:08:20,800 --> 00:08:23,960 Speaker 8: had a deal to go at the highest level, a 158 00:08:24,080 --> 00:08:27,200 Speaker 8: level that's ever been and Schumer and the Democrats for 159 00:08:27,360 --> 00:08:31,320 Speaker 8: twenty five dollars and it was turned down. You remember that, Peter, 160 00:08:31,800 --> 00:08:34,760 Speaker 8: almost before your time, but not quite, but it was. 161 00:08:35,360 --> 00:08:38,080 Speaker 8: We had a deal at twenty five dollars. Think of that, 162 00:08:38,480 --> 00:08:42,000 Speaker 8: twenty five dollars a barrel, and the Democrats turned it down. 163 00:08:42,000 --> 00:08:44,520 Speaker 8: We're gonna fill it, We're gonna tap it out like 164 00:08:44,600 --> 00:08:46,800 Speaker 8: it's never been. But they turned that down, and now 165 00:08:46,840 --> 00:08:49,400 Speaker 8: it's a lot higher. 166 00:08:50,120 --> 00:08:51,920 Speaker 3: So the US is going to release one hundred and 167 00:08:51,960 --> 00:08:56,840 Speaker 3: seventy two million barrels of oil from the strategic petroleum reserve. 168 00:08:58,400 --> 00:08:59,959 Speaker 3: But there's a lot of people that are going to 169 00:09:00,040 --> 00:09:03,000 Speaker 3: blame Trump. No matter what I mean, releasing the reserves, 170 00:09:03,040 --> 00:09:05,760 Speaker 3: that's going to be a temporary fix. It's not going 171 00:09:05,840 --> 00:09:09,680 Speaker 3: to make the gas prices go down forever, permanently. There's 172 00:09:09,679 --> 00:09:12,280 Speaker 3: got to be a longer term solution. However, forty eight 173 00:09:12,280 --> 00:09:15,319 Speaker 3: percent of Americans blame Trump for higher gas prices more 174 00:09:15,360 --> 00:09:16,600 Speaker 3: than any other factor. 175 00:09:16,800 --> 00:09:19,960 Speaker 7: Well, this is one of the rare occasions where they're 176 00:09:20,040 --> 00:09:23,559 Speaker 7: probably right. Look, Trump did decide to have this military 177 00:09:23,600 --> 00:09:26,200 Speaker 7: operation in Iran, and the reason why gas prices have 178 00:09:26,280 --> 00:09:29,160 Speaker 7: gone up is because of that military operation in Iran. 179 00:09:29,400 --> 00:09:32,439 Speaker 7: Most of the time presidents really don't have that much 180 00:09:32,480 --> 00:09:34,760 Speaker 7: of a dramatic control over the day to day prices 181 00:09:34,800 --> 00:09:37,319 Speaker 7: of gas. And I saw some reporting and some chatter 182 00:09:37,440 --> 00:09:39,520 Speaker 7: yesterday and the day before talking about how, you know, 183 00:09:39,520 --> 00:09:42,199 Speaker 7: we're on the verge of another nineteen seventy nine oil 184 00:09:42,240 --> 00:09:44,240 Speaker 7: crisis and we're going to see lines at the gas 185 00:09:44,760 --> 00:09:47,959 Speaker 7: that the world has totally changed since nineteen seventy nine. 186 00:09:48,120 --> 00:09:50,920 Speaker 7: The world is much better equipped to handle something like this. 187 00:09:51,000 --> 00:09:53,839 Speaker 7: We saw reports that Saudi Arabia is now routing their 188 00:09:53,880 --> 00:09:56,400 Speaker 7: oil shipments away from the Strait of Horror moves. They've 189 00:09:56,400 --> 00:09:59,720 Speaker 7: got other options. And we are the largest oil producer 190 00:09:59,720 --> 00:10:01,600 Speaker 7: in the world, world now here in the United States 191 00:10:01,760 --> 00:10:04,920 Speaker 7: dramatically different from how things set off in nineteen seventy nine. 192 00:10:04,960 --> 00:10:07,200 Speaker 7: So yes, there is going to be pain. Yes, this 193 00:10:07,320 --> 00:10:10,800 Speaker 7: is gonna suck, But these comparisons that we're starting to 194 00:10:10,800 --> 00:10:14,079 Speaker 7: see in this panic, you know, you know, figuratively panic 195 00:10:14,120 --> 00:10:15,800 Speaker 7: in the streets and talking about going back to the 196 00:10:15,880 --> 00:10:18,079 Speaker 7: nineteen seventy nine oil crisis. I mean, we had a 197 00:10:18,120 --> 00:10:22,120 Speaker 7: completely inept, asleep at the wheel president in nineteen seventy nine. 198 00:10:22,440 --> 00:10:25,480 Speaker 7: The world is completely different. So it is going to 199 00:10:25,480 --> 00:10:27,480 Speaker 7: be a temporary blip. It is not going to be great, 200 00:10:27,520 --> 00:10:29,360 Speaker 7: it's not going to be fun, but it's also not 201 00:10:29,400 --> 00:10:31,280 Speaker 7: going to be nineteen seventy nine all over again.