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Speaker 1: Now your host Ken Brew on news radio seven hundred

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Speaker 1: WLW man, I wish you would rain.

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Speaker 2: I'll tell you what I don't know about you, But

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Speaker 2: I don't know if my lawn's ever going to grow

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Speaker 2: because I just haven't seen any rain. There's been so

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Speaker 2: much rain here in Ohio. I swear I was out

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Speaker 2: on I seventy one a couple of days ago. I

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Speaker 2: saw a guy with a big boat looking for two

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Speaker 2: of everything. I have never seen so much rain in

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Speaker 2: my life. But here we are at nice and dry

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Speaker 2: inside today because it's raining again, and we're trying to

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Speaker 2: make sense of sometimes a senseless world, and of course

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Speaker 2: the things that we're trying to make sense or out

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Speaker 2: of our control. But we can always look to sages,

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Speaker 2: we can always look to soothsayers. We can always look

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Speaker 2: to people that have a greater vision than us mere mortals,

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Speaker 2: and then have that ability to put those great visions

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Speaker 2: into words. And that's who my next guest is. Because

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Speaker 2: when all hell broke loose and Iran last week, I said,

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Speaker 2: I got to get Kennon Spivak on the phone. He

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Speaker 2: is with real clear Politics, among other places, He's been

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Speaker 2: on my show a lot because he simply speaks logic

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Speaker 2: and truth, and I wanted to get him on in

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Speaker 2: light of what's transpiring here in the world in these

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Speaker 2: last couple of weeks. And Kennon Spivak, how are you

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Speaker 2: on this glorious Saturday.

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Speaker 3: I am great, I'm dry, but the winds where I

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Speaker 3: am are out of control.

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Speaker 2: Everybody's got a problem with the weather. Have you noticed that?

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Speaker 2: And you know, the the green people want to tell

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Speaker 2: us it's global warming, and other people want to say, well,

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Speaker 2: it's the exhaust from cars and all that. I've got

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Speaker 2: to believe, like maybe seven, eight, nine hundred years ago,

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Speaker 2: when we were just a thought in one of our

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Speaker 2: great great great great great grandparents' minds, they had the

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Speaker 2: same problems to put up with, don't you think that?

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Speaker 3: Yeah, I tend to blame it on mother nature. But

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Speaker 3: you can't blame it on mother nature anymore, because that's

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Speaker 3: probably politically incorrect.

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Speaker 2: Yes, you would. You would have to then create a

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Speaker 2: whole new gender. Look endless wars if you and I

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Speaker 2: have lived through several of them. Trump doesn't want endless wars.

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Speaker 2: This does not seem like an endless war. This seems

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Speaker 2: like a superior force over there between the United States

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Speaker 2: and Israel. It would appear that Iran has been neutered

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Speaker 2: a lot, but yet it will go on because it's

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Speaker 2: not conventional warfare that's going on over there. Just give

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Speaker 2: me your sense if you think Trump has a clear

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Speaker 2: vision as to what his mission is over there, and

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Speaker 2: whether or not you think this thing will be over

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Speaker 2: in weeks and not months.

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Speaker 3: I think he does have a clear vision. I think

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Speaker 3: he's been pretty direct, much more so than we're accustomed

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Speaker 3: to from presidents. When he said that he saw this

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Speaker 3: as a four or five five week war, maybe a

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Speaker 3: little bit more. I frankly think it's going to be

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Speaker 3: shorter than a four or five week war. The only

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Speaker 3: thing he said that raised any concern was when he

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Speaker 3: acknowledged that was the possibility of.

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Speaker 4: Boots on the ground.

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Speaker 3: But I think that's more about scaring the Iranians than

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Speaker 3: it is about any realistic prospect for boots on the ground.

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Speaker 3: We're not trying to take control of Iran. We're not

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Speaker 3: going to make the mistakes we made in Iraq. Our

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Speaker 3: military capabilities today are far superior to what they were

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Speaker 3: ten or twenty years ago. Our ability to target the

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Speaker 3: delivery of munitions together with Israel. We're literally destroying the

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Speaker 3: Iranian war machine, the Revolutionary Guard, their political infrastructure, and

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Speaker 3: very importantly, their missiles, missile launchers, missile supplies, and nuclear program.

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Speaker 3: I don't see a need for this to go on

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Speaker 3: for more than another few weeks. But I do think

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Speaker 3: it will go on for another few weeks unless Trump

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Speaker 3: gets his unconditional surrenders.

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Speaker 2: That's his latest stated goal, and he wants a hand

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Speaker 2: into whomever is put in charge of that country. It

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Speaker 2: worked out, I guess in Venezuela. I'm not sure that

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Speaker 2: you're going to get the same kind of success in Iran,

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Speaker 2: which has been run for almost fifty years by these

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Speaker 2: radical clerics. That could be a difficult thing to do.

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Speaker 2: The radical clerics are on the run, there's no question

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Speaker 2: about it. I think he's banking a lot on the

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Speaker 2: you know, the common everyday people in Tehran and the

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Speaker 2: surrounding areas of Tehran to rise up and take control

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Speaker 2: of the country. But somebody's got to be in charge.

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Speaker 4: Right right, Well, let's look at what can go wrong.

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Speaker 3: I don't think what's going to go wrong is that

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Speaker 3: we will not achieve a many, many year setback to

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Speaker 3: Iran's proxy wars in the Middle East, to its sponsorship

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Speaker 3: of terrorism, and to its own military build up. I

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Speaker 3: don't think that's going to go wrong. What could go

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Speaker 3: wrong is what comes next, and the hope or expectation

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Speaker 3: that it will be the NCRI, which is this external

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Speaker 3: force to try to bring back democracy to Iran. Whether

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Speaker 3: it's excuse me raise a pleave the oldest son of

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Speaker 3: the former Shah, who I don't see why the Iranian

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Speaker 3: people would want him or someone else, that's possible. Whether

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Speaker 3: it's a protracted period of civil war and civil disarray,

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Speaker 3: I think that's also very possible. So I don't know

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Speaker 3: that the US will be able to achieve a productive,

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Speaker 3: peaceful Iran in the near term. I'm very certain that

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Speaker 3: we'll be able to achieve a defanged Iran no longer

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Speaker 3: capable of that. It's sporting terrorism, and I'm okay with that,

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Speaker 3: though I'd rather we also have a peaceful or wrong.

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Speaker 2: I often think that most of this stuff that occurs

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Speaker 2: with Trump, and I'm not disagreeing with the motives, they're

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Speaker 2: all about China. Eighty three percent of Iran's exports go

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Speaker 2: to China. Iranian oil makes up about thirteen percent of

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Speaker 2: what China consumes. So I think there's probably something in

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Speaker 2: the works here with China and for that matter, Russia,

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Speaker 2: because we keep hearing they're going to be these escort

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Speaker 2: ships through the straight of horm moves that will allow

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Speaker 2: to get tankers out with oil. But that hasn't happened yet.

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Speaker 2: The United States said, yeah, it's a possibility, but no,

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Speaker 2: you know, Toronto is striking these ships in the streets,

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Speaker 2: but they're really putting the squeeze on Russia and to

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Speaker 2: a lesser extent, China. I think part of the calculation

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Speaker 2: here for Trump is, look, I've got to figure out

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Speaker 2: how to take on China one way or the other.

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Speaker 2: I'd rather do it by my own proxy, which is

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Speaker 2: this fight with Iran. Am I off on a ledge

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Speaker 2: here and not knowing where I'm going? Or would you

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Speaker 2: agree with any of that?

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Speaker 4: Now, I'm going to say this.

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Speaker 3: I think you're more strategic, perhaps than Trump is being,

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Speaker 3: in that this is a expected and positive consequence. I

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Speaker 3: don't think it's a main purpose of what he's doing.

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Speaker 3: I think the main purpose is the ostensible purpose of

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Speaker 3: defanging Iran. But I think you're completely right, and let's

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Speaker 3: go with and beyond what you've said. Both Russia and

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Speaker 3: China get oil from Iran. Both Russia and China have

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Speaker 3: provided military and other support to Iran, and as happened

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Speaker 3: in Venezuela, showing the basically the complete inferiority of Russian

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Speaker 3: and Chinese military capabilities is a good thing for the

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Speaker 3: US when countries are trying to decide who to a ligne.

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Speaker 3: Disrupting Chinese manufacturing in Chinese supplies is good for other

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Speaker 3: US objectives. Showing China what might happen if they were

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Speaker 3: to attack Taiwan is good for the US. I think

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Speaker 3: all these things are good, and I think you're completely right,

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Speaker 3: but I don't think it was a core.

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Speaker 4: Objective for what we're doing.

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Speaker 2: There's political fallout from everything, and there will be from this.

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Speaker 2: The economy is there's no way around it. It took

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Speaker 2: it on the chin this week on a number of

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Speaker 2: different fronts, and whether we're at war or we're at peace,

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Speaker 2: people look at their wallets and they're saying, this week,

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Speaker 2: what the hell's this? Casoline is up thirty forty cents.

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Speaker 2: I mean, we're almost at your prices out there in California,

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Speaker 2: and you've got what's going on with prices rising and

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Speaker 2: in some cases not coming down with groceries. The overall

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Speaker 2: cost of living is better, but it's not, I think

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Speaker 2: to the average guy appreciable better. We'll see some tax

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Speaker 2: cuts this year that we didn't see last year. We'll

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Speaker 2: see some reimbursements that we didn't see the last couple

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Speaker 2: of years. But we've got some political things going on

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Speaker 2: in this country that are being affected by this war.

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Speaker 2: And if Trump and the Republicans don't get their arms

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Speaker 2: around the economy, they're in trouble. Sixty members of Congress

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Speaker 2: not seeking reelection, thirteen senators, fifty three in the House,

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Speaker 2: and an overwhelming number of those are from the GOP

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Speaker 2: side of things. They Trump almost has to get this

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Speaker 2: thing wrapped up in weeks so it doesn't drag into

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Speaker 2: the summer, when you know, people are out trying to

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Speaker 2: live their lives in vacation and make up for all

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Speaker 2: the work they had to do in the winter time.

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Speaker 2: He's got to get his arms around this quickly, doesn't he.

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Speaker 3: Yeah, you know, when I look at the American people,

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Speaker 3: I'm reminded of some of the oldest of the Superman

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Speaker 3: movies where Superman rescues babies. He saves the world, and

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Speaker 3: then he makes one mistake and all the people simply

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Speaker 3: turn on him and want him to go away. And

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Speaker 3: I think the American people too much are like that.

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Speaker 3: If gas prices rise for a week or two, they

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Speaker 3: can't think passed it to four or six weeks. The

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Speaker 3: strength that a lot of our enemies have is how

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Speaker 3: far forward they look in their perspective. In the Middle East,

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Speaker 3: people don't think in terms of a week or two weeks.

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Speaker 3: They think in terms of multiple generations, and it is

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Speaker 3: their strength and our weakness.

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Speaker 4: Gas prices have risen.

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Speaker 3: And they're going to continue to stay up until security

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Speaker 3: is restored in the Middle East. I don't think this

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Speaker 3: notion of the US Navy escorting ships to the straits

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Speaker 3: of her moods would work because insurance companies are not

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Speaker 3: going to restore coverage, and even to the extent they do,

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Speaker 3: it won't be at pre war prices, and it's just

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Speaker 3: not going to work. It may slightly increase the oil supply,

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Speaker 3: but not to any significant degree. For so long as

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Speaker 3: China and Russia are cut off from oil coming from Iran,

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Speaker 3: they're going to have to find supplies elsewhere. Prices are

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Speaker 3: going to rise. When energy prices rise, all prices rise,

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Speaker 3: and this price increase is going to continue for the

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Speaker 3: next several weeks. But to this point, and to your point,

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Speaker 3: it's a reason why, a political reason, why not a

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Speaker 3: military reason that Trump's got to bring this war to

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Speaker 3: an end in this four to six week period he

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Speaker 3: talked about, or it will run into the mid terms

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Speaker 3: and he'll be spending the next two years fighting impeachment.

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Speaker 2: Well, maybe the reason why these other countries have more

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Speaker 2: forward thinking and are less wrapped up in weeks and

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Speaker 2: things generationally is because they don't have financial strategists in

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Speaker 2: four oh one k plans. That could be a reason, right.

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Speaker 4: They also don't have democracies for the most part. Putting

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Speaker 4: aside the.

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Speaker 3: Reasons, I do wish, and it's implicit in what I

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Speaker 3: said before, I do wish that Americans they don't have

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Speaker 3: to think in terms of ten generations. I wish they

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Speaker 3: could think in terms of six months and one year

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Speaker 3: and two years, But we really don't. Corporate earnings are

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Speaker 3: measured quarter by quarter. Inflation and violence in Minneapolis is measured,

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Speaker 3: if not day to day, then week to week. And

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Speaker 3: as president of the United States, as the leader of

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Speaker 3: a party in a democracy, he does have to make

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Speaker 3: decisions with both eyes on the political consequences. And it's

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Speaker 3: our weakness, but democracy is our strength, Kenn.

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Speaker 2: It'spinback, our guest. You can find a bit RealClearPolitics dot

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Speaker 2: com and other places as well. Christynohim had to go.

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Speaker 2: She was becoming the show, and from what I can tell,

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Speaker 2: she lied in front of Congress the other day about

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Speaker 2: what the president signed off on for this grand advertising

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Speaker 2: scheme that she had. Look. I think she was a

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Speaker 2: rising star before Trump was elected, but she turned out

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Speaker 2: to be more of a meteor rite and flamed out.

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Speaker 2: But there's no question about it. She had to go.

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Speaker 2: That was where Trump got his biggest win so far,

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Speaker 2: in securing the border and trying to get some of

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Speaker 2: these thugs from other countries out of our country. But

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Speaker 2: with her at the front, she became the headline. So

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Speaker 2: I'm not sorry to see her go. I think no

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Speaker 2: pun intended. She made her own bed and now she's

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Speaker 2: got to lie in it. How do you feel about that?

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Speaker 4: I agree.

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Speaker 3: We've talked about Christy nomes inflammatory and I think ill

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Speaker 3: conceived verbiage. She was premature in this thing about domestic terrorism.

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Speaker 3: She's been all about photo ops. This notion that she's

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Speaker 3: the ice Barbie isn't completely wrong. And I don't know

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Speaker 3: what's going on with Corey Leandowski, but she wasn't willing

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Speaker 3: to deny it during a congressional testimony, saying to congress, well,

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Speaker 3: in other settings, I've denied. It is the way you avoidy.

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Speaker 3: You just simply say what you said someplace else. You

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Speaker 3: don't answer the question. So I do think she had

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Speaker 3: to go whether what she's been given is a soft

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Speaker 3: landing or simply the last step before she's completely kicked

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Speaker 3: to the curb. I'm not sure you know. This title

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Speaker 3: she got of envoy to the Shield of the America

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Speaker 3: sounds like a joke out of a Marvel movie.

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Speaker 4: But you know, Trump did have this big meeting this

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Speaker 4: morning in mar.

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Speaker 3: A Lago with most of the heads of state from

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Speaker 3: Latin America, with a lot of the important people from

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Speaker 3: the administration. Secretary of War Hexceth was there, Marco Rubio

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Speaker 3: is there. Howard Lutnick was there. So he's taking it seriously.

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Speaker 3: But what is it. It is about fighting narco terrorism,

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Speaker 3: it is about keeping China out of South America. I

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Speaker 3: don't know what Christy Neoms real role will be and

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Speaker 3: I don't know how good a job she'll do at it,

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Speaker 3: but she'll probably be good at going on TV and

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Speaker 3: being interviewed.

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Speaker 2: Yeah, I think. I mean it sounds You're right, it

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Speaker 2: sounds like something out of a Marvel comic. We may

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Speaker 2: never hear from her in this in this administration. Again,

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Speaker 2: I think it was a nice way to say get

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Speaker 2: out of here, you know, and you know, just keep

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Speaker 2: your mouth shut until after twenty eight. But we'll see.

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Speaker 2: It could be something that it could be the international

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Speaker 2: forces coming together for some sort of movie. They could

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Speaker 2: film this thing, you know, they put some actors in

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Speaker 2: there and have her the lead actress, and you might

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Speaker 2: have a movie there, Kennon.

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Speaker 4: Yeah, you know, you might. I want to reach you.

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Speaker 4: One thing.

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Speaker 3: They signed a Drow charter this morning ed Bar a Lago,

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Speaker 3: and one of the things it said was that they

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Speaker 3: wanted to affirm the right of the peoples of our

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Speaker 3: hymisphere to chart their own destiny free from interfering, and

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Speaker 3: of course they did see from interference other than from

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Speaker 3: the United States. I just don't think Christy Noom has

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Speaker 3: the nuance, the subtlety, the diplomacy to be effective in

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Speaker 3: this role.

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Speaker 2: Probably another job for Marco Rubio. Hey, Ken, it's always

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Speaker 2: great catching up with you. Good luck out there with

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Speaker 2: the wins, and you know the high prices and your

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Speaker 2: governor in California and you and I will visit down

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Speaker 2: the road.

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Speaker 4: Thanks great, Thanks Kevin, a good day, godbye.

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Speaker 2: Guy speaks truth, he doesn't mince words, and he knows

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Speaker 2: of what he speaks. I agree with him. I think

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Speaker 2: it's going to be short work over there. They don't

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Speaker 2: have the weaponry. They're firing indiscriminately. Now they're firing on

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Speaker 2: their neighbors. The UAE is all hacked off because there

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Speaker 2: were drones that were flying over their airspace and they

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Speaker 2: had to be shot down. So I think it seems

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Speaker 2: to be a little bit of an air of desperation,

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Speaker 2: but you have to be careful because people who are

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Speaker 2: desperate do desperate things. We're at twelve twenty four on

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Speaker 2: this particular Saturday. We have UC basketball at one thirty

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Speaker 2: today as they close out the regular season in Texas

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Speaker 2: against TCU, and then it's onto the Big Twelve Tournament.

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Speaker 2: Some people think that the University of Cincinnati is back

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Speaker 2: in the discussion for a berth in the field of

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Speaker 2: sixty eight. Well, you can be in the discussion, but

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Speaker 2: you got business you got to take care of, and

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Speaker 2: that would start today. Twelve twenty four News Radio seven

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Speaker 2: hundred WLW twelve thirty seven. On this Saturday, ready though

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Speaker 2: it may be, we are leading into UC basketball. One

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Speaker 2: thirty today is the pregame show and two o'clock is

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Speaker 2: the tip as the Bearcats finish out their regular season

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Speaker 2: today at TCU and try to keep going and keep

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Speaker 2: their hopes for a chance to play in the Field

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Speaker 2: of sixty eight alive. I'll see a lot rides on today,

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Speaker 2: and of course the Big twelve Tournament, which is now

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Speaker 2: on the horizon, starting next week. All the tournaments, all

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Speaker 2: the conference tournaments by a large start next week. I

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Speaker 2: don't know, by the way, I mentioned that it was

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Speaker 2: twelve thirty seven, but as you and I both know,

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Speaker 2: it's five o'clock somewhere. There's one from you, one for me.

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Speaker 2: Oh that's that new beer from Little Miami, isn't it.

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Speaker 2: What's that called Obsfiscater something like that. It is great

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Speaker 2: top top again you sing at aj, I'll ship it.

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Speaker 2: I've just got time for one more round. Set them up,

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Speaker 2: my friend. Now he's going to lead you to believe.

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Speaker 1: And now I'll be gone and you can let some.

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Speaker 2: Other teams these leads. You believe Sterling is going to

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Speaker 2: be in today. But not today. No, no, we got

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Speaker 2: basketball following us at at one. Speaking of basketball, I

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Speaker 2: don't know if you stayed up to watch last nice

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Speaker 2: game between Miami and Ohio University. It was absolutely outstanding.

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Speaker 2: I was just an outstanding basketball game that went to

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Speaker 2: overtime before Miami pulled it out ten one o eight.

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Speaker 2: Ohio University had a chance to end that thirty game

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Speaker 2: win streak in regulation, but the kid, what's his name,

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Speaker 2: cobble Etski, he had a runner down the lane and

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Speaker 2: he just he just he held onto the ball too long.

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Speaker 2: He lost the ball momentarily at the top of the

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Speaker 2: key and then regroup got the ball, tried a running

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Speaker 2: one hander at the buzzer and it was just off

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Speaker 2: the iron or that streak would have come to an end.

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Speaker 2: But an overtime Miami outscores Ohio ten to eight. Ohio

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Speaker 2: had a chance to win it at the buzzer with

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Speaker 2: a three point shot and it was the same kid

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Speaker 2: as well, and it was off the back of the

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Speaker 2: rim and that's the final one ten one. Await Miami.

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Speaker 2: This I'm telling you it was. It was really entertaining.

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Speaker 2: It was one of the better games I've seen this year.

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Speaker 2: And Peter Souter was not good last night. He was

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Speaker 2: only two for eight from the field. He got into

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Speaker 2: foul trouble. He wound up with thirteen points on the night,

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Speaker 2: but ten of those or nine of those came from

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Speaker 2: the line. Elon Elmer was terrific on the boards, twelve rebounds.

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Speaker 2: Miami killed Ohio on the boards. They did it was.

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Speaker 2: It was particularly on the offensive boards. Just smack them around.

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Speaker 2: But this the kid's name is Pavoletski Jackson. Pavoletski twelve

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Speaker 2: of twenty five, three of six from three point line,

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Speaker 2: and ten of twelve from the free throw lot. He

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Speaker 2: winds up with thirty seven points. But Miami just had

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Speaker 2: better balance scoring. Elmer answered Pabolowski pretty much point for point.

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Speaker 2: He had thirty two and here's Miami thirty one and

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Speaker 2: zero beaten. Nobody wants to start talking now about how

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Speaker 2: they should be left out of the field of sixty eight.

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Speaker 2: And quite frankly, it seemed like every night since the

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Speaker 2: first of the year they were playing in Super Bowls.

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Speaker 2: Everybody wanted a piece of this team, and every team

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Speaker 2: went away empty handed. Here's Travis Steele after the game

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Speaker 2: on his radio show.

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Speaker 5: We're getting everybody's proper bowl everywhere.

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Speaker 4: And it's not just here.

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Speaker 5: It was Kit Stayed, it was The West Show. It's

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Speaker 5: been everywhere. And you know, our group has never flinched.

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Speaker 5: Terry like, we're built for this, man, We're built for this.

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Speaker 5: We have winners in that locker room. We've got really

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Speaker 5: good young men. But I'm proud of me.

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Speaker 2: You ought to be. We'll see what happens next. I

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Speaker 2: don't think they play their next game, and that would

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Speaker 2: be in the Mac Tournament in Cleveland. I don't think

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Speaker 2: they play again until next Thursday. But if they'll get

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Speaker 2: in and they will beat some teams. Talked about the

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Speaker 2: war in Iran and now entering its second week, and

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Speaker 2: the temerity of some when it comes to this. From

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Speaker 2: what we can tell, the Iranian navy is basically at

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Speaker 2: the bottom of the ocean. The leader of Iran and

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Speaker 2: forty nine of his closest advisor has just got blown

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Speaker 2: to Kingdom come. I believe that was on Sunday the

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Speaker 2: Sun is in there temporarily, but that guy his time

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Speaker 2: on Earth cannot be long. And it now is basically

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Speaker 2: how many more drones you got left and who's pushing

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Speaker 2: the button and then who do they install as the leader.

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Speaker 2: But I think this is pretty quick work. The problem

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Speaker 2: is the residual effect it has on our economy, and

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Speaker 2: it has. We've seen it already with gasoline prices. We

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Speaker 2: will see it at the market. We'll see it in

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Speaker 2: terms of getting goods and services shipped to us, and

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Speaker 2: we're going to see it quite frankly, I think in

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Speaker 2: things like housing prices and materials and whatnot. It's just

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Speaker 2: the way these things go. The markets are not responding

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Speaker 2: well to this. Wall Street had a bloody week this

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Speaker 2: week and that's probably going to continue for a while.

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Speaker 2: But nevertheless, there will be an end of this, and

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Speaker 2: there are very few that are thinking it's not going

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Speaker 2: to end soon, and very few even that that don't

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Speaker 2: think that this is going to end very well for

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Speaker 2: the United States and Israel and anybody else that's on

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Speaker 2: our side. Steve Cotton runs Cottonwealth Management. I've had Steve

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Speaker 2: on the show before and I wanted to get his

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Speaker 2: thoughts on the economic impact. You and me and everybody

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Speaker 2: else walking around just trying to live our lives and

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Speaker 2: buy things and try and get our lives kept on

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Speaker 2: the same trail. And it's kind enough to join us

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Speaker 2: here on this Saturday to talk about all of that.

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Speaker 2: And Steve, how are you on this glorious day? Hey, Kean?

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Speaker 2: Doing fine.

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Speaker 6: I've been following the Middle East situation very very closely,

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Speaker 6: as you would guess, the military situation, as well as

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Speaker 6: the energy picture and the jobs report that just came out.

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Speaker 2: Let's talk about the market. The market is taking a

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Speaker 2: beating on this. It was kissing fifty thousand, maybe like

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Speaker 2: three four weeks ago. I know it's a tough crystal

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Speaker 2: ball to look through, but just in your opinion, how

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Speaker 2: long do you think it's going to take before this

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Speaker 2: thing gets to green again?

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Speaker 6: I think it will be shorter than people expect. I

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Speaker 6: think we will be pleasantly surprised. The Iranian conflict has

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Speaker 6: been in the mix coming for some time. The President

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Speaker 6: was marshaling forces in the area. The negotiations with Iran

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Speaker 6: were not being done in good faith by then, and

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Speaker 6: they finally figured out. Matter of fact, the Iranians boasted

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Speaker 6: in the last session, they boasted to Steve Whitkoff that

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Speaker 6: they had enrichment up to sixty percent ninety percent weapons grade.

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Speaker 6: They had it enriched up to sixty percent and had

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Speaker 6: enough potentially for eleven nuclear weapons. At that point, the

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Speaker 6: negotiations clearly were not going to go anywhere, and the

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Speaker 6: administration decided it was time to take other steps. The

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Speaker 6: oil price spikes were seeing are very predictable, but they

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Speaker 6: are in anticipation of interruption in shipping. They're in anticipation

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Speaker 6: of damaged tankers and things like that, but that has

434
00:25:31,880 --> 00:25:34,840
Speaker 6: not happened, and in fact, the Iranian Navy is now

435
00:25:34,840 --> 00:25:36,240
Speaker 6: at the bottom of the Persian Gulf.

436
00:25:36,480 --> 00:25:38,719
Speaker 2: The other thing I wonder about, too, is who's in charge.

437
00:25:38,760 --> 00:25:41,600
Speaker 2: I know that they took out the majority of the

438
00:25:41,720 --> 00:25:45,960
Speaker 2: quote unquote smart guys over there in one fell swoop. Now,

439
00:25:46,440 --> 00:25:50,040
Speaker 2: somebody has got to be telling those people that are

440
00:25:50,080 --> 00:25:52,960
Speaker 2: firing those drones off. Somebody has got to be giving

441
00:25:53,000 --> 00:25:55,879
Speaker 2: them orders. Is this a question in your opinion that

442
00:25:55,960 --> 00:25:59,520
Speaker 2: maybe people in the United States, in particular Rubio and

443
00:25:59,520 --> 00:26:02,000
Speaker 2: maybe even the President. I don't know who's in charge,

444
00:26:02,200 --> 00:26:04,359
Speaker 2: so it could be some road generals that are just

445
00:26:04,440 --> 00:26:05,160
Speaker 2: doing this right.

446
00:26:06,119 --> 00:26:10,760
Speaker 6: Well, the Iranians some time ago went to a more

447
00:26:10,840 --> 00:26:17,560
Speaker 6: decentralized methodology of command structure, and there is a little

448
00:26:17,560 --> 00:26:22,360
Speaker 6: bit more autonomy at the local Iranian IRGC level than

449
00:26:22,400 --> 00:26:25,639
Speaker 6: there used to be because they anticipated a tax on

450
00:26:25,720 --> 00:26:30,199
Speaker 6: the leadership. I think the Israelis are steadily going to

451
00:26:30,320 --> 00:26:36,879
Speaker 6: erode and destroy and eliminate whatever leadership materializes. And I

452
00:26:36,920 --> 00:26:42,240
Speaker 6: think as US forces are steadily degrading their military capabilities,

453
00:26:42,280 --> 00:26:46,320
Speaker 6: the Israelis are targeting the leadership of the Iranian Revolutionary

454
00:26:46,320 --> 00:26:49,600
Speaker 6: Guard Corps and the MOLAS, and I don't think much

455
00:26:49,640 --> 00:26:52,360
Speaker 6: of that is going to survive. I think you may,

456
00:26:52,400 --> 00:26:56,760
Speaker 6: in fact have some rogue IRGC units that are continuing

457
00:26:56,800 --> 00:27:02,240
Speaker 6: the war on their own and firing on targets increasingly

458
00:27:02,320 --> 00:27:05,639
Speaker 6: less effectively, so you'll continue to see a little bit

459
00:27:05,640 --> 00:27:09,479
Speaker 6: of chaos there, but they're steadily losing the ability to

460
00:27:09,520 --> 00:27:13,080
Speaker 6: take the fight to anybody, and I think that that

461
00:27:13,280 --> 00:27:17,200
Speaker 6: level of conflict will actually start to subside more quickly

462
00:27:17,240 --> 00:27:18,280
Speaker 6: than people realize.

463
00:27:18,720 --> 00:27:22,159
Speaker 2: There was some disturbing financial news that came out on Friday,

464
00:27:22,240 --> 00:27:27,080
Speaker 2: ninety two thousand jobs lost in the month of February.

465
00:27:27,119 --> 00:27:29,840
Speaker 2: I'm just wondering where you think all of that news

466
00:27:29,840 --> 00:27:33,920
Speaker 2: from Friday fits into the grand economic status of this country.

467
00:27:35,000 --> 00:27:41,000
Speaker 6: Well, it is normal for the government statisticians and the

468
00:27:41,040 --> 00:27:46,119
Speaker 6: bureaus that practice stuff. They always do a recalibration, recalculation

469
00:27:46,840 --> 00:27:50,199
Speaker 6: thirty days sixty days after the initial stats come out,

470
00:27:50,560 --> 00:27:56,040
Speaker 6: and downward projections recalibrations are not unusual. I think what

471
00:27:56,080 --> 00:28:01,400
Speaker 6: we're seeing is some of the negative before the We're

472
00:28:01,440 --> 00:28:07,520
Speaker 6: seeing some adjustments in employment rates that are a little

473
00:28:07,520 --> 00:28:12,480
Speaker 6: bit surprising to some. I saw announced yesterday that Morgan

474
00:28:12,520 --> 00:28:15,480
Speaker 6: Stanley's going to be laying off something like twenty five

475
00:28:15,560 --> 00:28:20,280
Speaker 6: thousand people from their workforce. A lot of companies are

476
00:28:20,280 --> 00:28:25,040
Speaker 6: trying to write size given the uncertainty. But having said

477
00:28:25,080 --> 00:28:27,919
Speaker 6: all of that, let's not lose sight of the bigger picture.

478
00:28:28,640 --> 00:28:31,720
Speaker 6: We have just seen the reauthorization of the Trump twenty

479
00:28:31,760 --> 00:28:36,480
Speaker 6: seventeen tax cuts. We've seen expansion of the tax cuts,

480
00:28:36,480 --> 00:28:39,680
Speaker 6: no tax on tips, no tax on over time. We've

481
00:28:39,720 --> 00:28:42,560
Speaker 6: seen the addition of a six thousand dollars tax credit

482
00:28:43,080 --> 00:28:46,840
Speaker 6: for seniors on Social Security below a certain income level.

483
00:28:47,200 --> 00:28:53,080
Speaker 6: We've seen capital expenditure expensing in a single year that's

484
00:28:53,120 --> 00:28:55,400
Speaker 6: been approved as opposed to having to stretch it out

485
00:28:55,560 --> 00:28:59,040
Speaker 6: over thirty years. That's a big spur for business. The

486
00:28:59,080 --> 00:29:01,880
Speaker 6: Federal Reserve has continue to cut rates, and I think

487
00:29:02,640 --> 00:29:04,840
Speaker 6: in view of these jobs numbers, they are likely to

488
00:29:04,840 --> 00:29:08,440
Speaker 6: cut rates again in June or July. So when you

489
00:29:08,520 --> 00:29:10,760
Speaker 6: put all that. Oh and by the way, we passed

490
00:29:10,760 --> 00:29:13,520
Speaker 6: a one trillion dollar defense budget for the first time,

491
00:29:14,040 --> 00:29:19,560
Speaker 6: which has huge decade long ripple effects positive into the economy.

492
00:29:20,520 --> 00:29:23,600
Speaker 6: And so there is there are fourteen or fifteen different

493
00:29:23,640 --> 00:29:29,120
Speaker 6: factors at work leading to an expansion of the US

494
00:29:29,240 --> 00:29:33,840
Speaker 6: economy in the next five to ten years. So I

495
00:29:33,880 --> 00:29:38,400
Speaker 6: am cautiously bullish even despite these temporary, very short term

496
00:29:38,480 --> 00:29:42,360
Speaker 6: negative numbers. That is not the big picture by any means.

497
00:29:42,800 --> 00:29:46,360
Speaker 2: Well, chatting with Steve Cotton Cotton Wealth Management, and we're

498
00:29:46,400 --> 00:29:49,160
Speaker 2: talking about the general status of the economy given what's

499
00:29:49,200 --> 00:29:52,760
Speaker 2: going on in Iran. So you sound pretty bullish. I

500
00:29:52,800 --> 00:29:56,080
Speaker 2: think most people, at least what we're hearing from the

501
00:29:56,120 --> 00:29:59,720
Speaker 2: folks inside the administration that this conflict will be short

502
00:29:59,760 --> 00:30:04,240
Speaker 2: lived and that there will be some stability there what's

503
00:30:04,320 --> 00:30:08,440
Speaker 2: over and in the markets as well. But you know,

504
00:30:08,520 --> 00:30:12,120
Speaker 2: the American public gets a little itchy. Steve. Yeah, it's

505
00:30:12,160 --> 00:30:15,960
Speaker 2: great that we have put a cap on immigration in

506
00:30:16,000 --> 00:30:19,280
Speaker 2: this country. There's a change at the head of Homeland Security.

507
00:30:20,280 --> 00:30:23,880
Speaker 2: Mark Wayne Mullin, the Senator from Oklahoma, now will take over.

508
00:30:24,000 --> 00:30:27,240
Speaker 2: Christinome is out. But it's all about dollars and cents.

509
00:30:27,360 --> 00:30:29,960
Speaker 2: As you will know, dollars and cents is what voting

510
00:30:30,080 --> 00:30:32,920
Speaker 2: is all about. If people feel pretty good with their wallet,

511
00:30:33,000 --> 00:30:36,240
Speaker 2: they feel pretty good about where they are financially, chances

512
00:30:36,280 --> 00:30:40,160
Speaker 2: are they'll keep the current people in charge in charge.

513
00:30:40,560 --> 00:30:43,440
Speaker 2: This is critical for Trump to get this thing right

514
00:30:43,520 --> 00:30:46,719
Speaker 2: in quickly, and by quickly I mean certainly before the summer,

515
00:30:46,760 --> 00:30:49,920
Speaker 2: when everybody stops paying attention to everything. So this is

516
00:30:49,960 --> 00:30:51,400
Speaker 2: something that's got to happen quickly.

517
00:30:51,480 --> 00:30:55,200
Speaker 6: Right well, there are a couple of interesting things happening.

518
00:30:55,520 --> 00:30:59,640
Speaker 6: The IRS is sent out about forty five thousand IRS

519
00:30:59,680 --> 00:31:04,239
Speaker 6: re tax refunds already. There will more coming and I

520
00:31:04,280 --> 00:31:09,360
Speaker 6: think that's plus the plus the tax rates that will reauthorize.

521
00:31:09,400 --> 00:31:12,080
Speaker 6: I think people this year are going to start to

522
00:31:12,160 --> 00:31:14,880
Speaker 6: feel that they have a little bit more disposable income

523
00:31:14,960 --> 00:31:18,480
Speaker 6: than they thought they had. I think the business environment

524
00:31:18,560 --> 00:31:20,960
Speaker 6: is much more positive than it had been in the past,

525
00:31:21,320 --> 00:31:24,000
Speaker 6: certainly during the Biden years. I think there are a

526
00:31:24,040 --> 00:31:26,280
Speaker 6: lot of good things that are going to be happening,

527
00:31:27,160 --> 00:31:32,360
Speaker 6: even with some companies right sizing. I think automated artificial

528
00:31:32,400 --> 00:31:35,040
Speaker 6: intelligence is going to cost some jobs, but it's going

529
00:31:35,080 --> 00:31:37,800
Speaker 6: to create as a jobs. I think there's going to

530
00:31:37,840 --> 00:31:41,520
Speaker 6: be there are going to be many more positive factors

531
00:31:41,520 --> 00:31:44,880
Speaker 6: that play here. Oh and by the way, President Trump

532
00:31:45,080 --> 00:31:47,280
Speaker 6: has brought in or is in the process of bringing

533
00:31:47,360 --> 00:31:52,200
Speaker 6: in eighteen to nineteen trillion dollars of new foreign investment

534
00:31:52,600 --> 00:31:56,600
Speaker 6: into the United States. No administration has ever done that before.

535
00:31:57,120 --> 00:31:59,800
Speaker 6: So you add up all of these things together, and

536
00:32:00,040 --> 00:32:03,520
Speaker 6: I think this temporary different the market's temporary spike in

537
00:32:03,600 --> 00:32:07,640
Speaker 6: oil prices. This is this is the calm, This is

538
00:32:07,680 --> 00:32:11,840
Speaker 6: the storm before a more positive calm. And what this

539
00:32:12,160 --> 00:32:15,960
Speaker 6: is we call in our industry a buying opportunity. Good

540
00:32:16,000 --> 00:32:19,720
Speaker 6: quality companies are on sale. So for a long term

541
00:32:19,760 --> 00:32:23,200
Speaker 6: investor you know that wants to do build out the

542
00:32:23,240 --> 00:32:27,040
Speaker 6: worse size portfolio, this is an opportunity to put money

543
00:32:27,080 --> 00:32:30,360
Speaker 6: into the market at much lower levels and position for

544
00:32:30,880 --> 00:32:35,440
Speaker 6: much more positive games long term. Don't be discouraged about

545
00:32:35,480 --> 00:32:41,280
Speaker 6: these temporary numbers, these temporary oil spikes, This too shall pass.

546
00:32:41,800 --> 00:32:44,280
Speaker 2: Well, that's what we hope, That's what we hope and

547
00:32:44,560 --> 00:32:47,360
Speaker 2: Steve Cotton knows of what he talks. He is he's

548
00:32:47,400 --> 00:32:51,640
Speaker 2: been a guest instructor at TCU, Texas Christian University. So

549
00:32:51,680 --> 00:32:53,840
Speaker 2: it's going to be a rough afternoon for Steve because

550
00:32:53,880 --> 00:32:56,480
Speaker 2: that's where the University of Cincinnati plays today. So sorry

551
00:32:56,480 --> 00:33:00,280
Speaker 2: about that, Steve, but for you inside today, we appreciiate

552
00:33:00,320 --> 00:33:02,560
Speaker 2: it and hopefully we can touch base down the road.

553
00:33:03,200 --> 00:33:05,479
Speaker 6: So thank you, Ken and everybody. Just put on your

554
00:33:05,480 --> 00:33:08,560
Speaker 6: seat belt. But have they this trecial pass and we're

555
00:33:08,560 --> 00:33:09,880
Speaker 6: going to come through this just fine?

556
00:33:10,000 --> 00:33:12,080
Speaker 2: Well, I do think it's going to be a rocky ride,

557
00:33:12,120 --> 00:33:16,160
Speaker 2: there's no question about that. But for how long? I yeah,

558
00:33:16,160 --> 00:33:18,440
Speaker 2: I'm looking at what's going on. I think unless you

559
00:33:18,600 --> 00:33:22,880
Speaker 2: just absolutely loathe Donald Trump and you think that this

560
00:33:23,040 --> 00:33:26,120
Speaker 2: is some sort of wag the dog moment, I just

561
00:33:26,240 --> 00:33:30,320
Speaker 2: honestly I think it's it ought to be short work

562
00:33:31,600 --> 00:33:35,520
Speaker 2: and so far, so good. We'll see. They got to

563
00:33:35,520 --> 00:33:38,240
Speaker 2: get somebody in charge when you have a rogue government,

564
00:33:38,280 --> 00:33:41,120
Speaker 2: and that's what they have right now because most of

565
00:33:41,160 --> 00:33:44,520
Speaker 2: these people that were in charge have been obliterated, so

566
00:33:45,400 --> 00:33:48,200
Speaker 2: you don't know who's actually over there giving the orders.

567
00:33:49,720 --> 00:33:52,560
Speaker 2: And as as Steve said, there has been a lot

568
00:33:52,560 --> 00:33:57,200
Speaker 2: of autonomy given at the battlefield level to these generals.

569
00:33:57,880 --> 00:34:01,120
Speaker 2: But we'll see at a certain point that economy is

570
00:34:01,160 --> 00:34:06,040
Speaker 2: going to collapse. We'll see indeed, if they have the

571
00:34:06,160 --> 00:34:12,359
Speaker 2: uprising in that country to overthrow or to assume some

572
00:34:12,400 --> 00:34:15,640
Speaker 2: sort of democracy. I have my doubts about that at

573
00:34:15,680 --> 00:34:18,839
Speaker 2: this point, but nevertheless, we'll see if that plays out,

574
00:34:19,480 --> 00:34:21,520
Speaker 2: and we'll see if the Curds come in. That's who

575
00:34:21,560 --> 00:34:23,879
Speaker 2: the United States wants, and want the Curds to come

576
00:34:23,880 --> 00:34:26,879
Speaker 2: in and take over that country. But they can't say, hey,

577
00:34:27,080 --> 00:34:29,120
Speaker 2: you know, we'd like the Curds to come in because

578
00:34:29,160 --> 00:34:31,280
Speaker 2: they got a problem with hungry and hungry do nutlike

579
00:34:31,320 --> 00:34:35,280
Speaker 2: the Curds. So anyway, on an onocost where twelve fifty

580
00:34:35,280 --> 00:34:38,920
Speaker 2: four on this Saturday straight ahead, it's all about oil,

581
00:34:39,400 --> 00:34:41,640
Speaker 2: and it's all about your car, and it's all about

582
00:34:41,719 --> 00:34:44,759
Speaker 2: affording gas and getting gas down to where it was

583
00:34:44,800 --> 00:34:50,480
Speaker 2: going before all of this. But why isn't oil cheaper

584
00:34:50,520 --> 00:34:54,200
Speaker 2: than what it was before this war broke out? My gosh,

585
00:34:54,239 --> 00:34:57,600
Speaker 2: we've got control of the Venezuelan oil fields right now.

586
00:34:57,920 --> 00:35:01,680
Speaker 2: Trump was drill baby, drill before he was elected. That's

587
00:35:01,719 --> 00:35:03,799
Speaker 2: what he campaigned on. So why should we be in

588
00:35:03,880 --> 00:35:08,520
Speaker 2: this shape because some timpot dictator just got blown to bits.

589
00:35:09,560 --> 00:35:12,640
Speaker 2: We'll get into that next. And why you're paying so

590
00:35:12,760 --> 00:35:15,399
Speaker 2: much at the pump? It is twelve to fifty five

591
00:35:15,480 --> 00:35:19,120
Speaker 2: news Radio seven hundred WLW.

592
00:35:24,080 --> 00:35:30,240
Speaker 1: Now your host can brew on news radio seven hundred WLW.

593
00:35:30,320 --> 00:35:32,400
Speaker 2: If you drive around town, you know what the price

594
00:35:32,440 --> 00:35:35,680
Speaker 2: of gasoline is. I'm you know, I can't go to

595
00:35:35,760 --> 00:35:40,320
Speaker 2: every single gas station in Cincinnati, northern Kentucky, or Indiana.

596
00:35:40,400 --> 00:35:44,440
Speaker 2: So bear with me as I throw these numbers out

597
00:35:44,440 --> 00:35:48,200
Speaker 2: because they may not be numbers that are germane to

598
00:35:48,280 --> 00:35:51,960
Speaker 2: where you live. But I see places in and around

599
00:35:51,960 --> 00:35:55,359
Speaker 2: Cincinnati where gas is still selling at less than three

600
00:35:55,400 --> 00:35:58,640
Speaker 2: dollars a gallon. But it's been creeping up, as we

601
00:35:58,680 --> 00:36:01,000
Speaker 2: know the last several days. In fact, in some areas

602
00:36:01,000 --> 00:36:04,640
Speaker 2: of the country it's well over three dollars and approaching

603
00:36:04,680 --> 00:36:08,320
Speaker 2: four dollars a gallon. And why it's because the price

604
00:36:08,360 --> 00:36:10,759
Speaker 2: of a barrel of oil has gone up. Right now,

605
00:36:11,280 --> 00:36:13,600
Speaker 2: I'm looking here at the current price of a barrel

606
00:36:13,640 --> 00:36:18,400
Speaker 2: of oil, Brent crude is about ninety three dollars per barrel.

607
00:36:18,440 --> 00:36:21,640
Speaker 2: I think that's where it closed on Friday. West Texas

608
00:36:21,719 --> 00:36:24,920
Speaker 2: crued is about ninety one dollars a barrel. This is

609
00:36:25,000 --> 00:36:28,319
Speaker 2: up dramatically. I remember it wasn't all that long ago

610
00:36:28,360 --> 00:36:31,080
Speaker 2: we were talking about prices in the mid to upper

611
00:36:31,280 --> 00:36:33,959
Speaker 2: sixty dollars of a barrel. So that's why the price

612
00:36:34,000 --> 00:36:36,400
Speaker 2: of gasoline is going up, and why the price of

613
00:36:36,440 --> 00:36:38,560
Speaker 2: a barrel of oil is going up has a lot

614
00:36:38,600 --> 00:36:40,399
Speaker 2: to do with what's going on in the Middle East,

615
00:36:40,440 --> 00:36:45,840
Speaker 2: particularly in Iran. Iraq, for example, slash production by nearly

616
00:36:45,880 --> 00:36:47,880
Speaker 2: one and a half million barrels a day because it

617
00:36:48,000 --> 00:36:52,160
Speaker 2: can't load tankers. It's running out of storage space. And

618
00:36:52,440 --> 00:36:54,239
Speaker 2: we all know what's going on through the Straight of

619
00:36:54,239 --> 00:36:59,000
Speaker 2: Horn Moves. It's commercial ships are being attacked by Iran,

620
00:37:00,080 --> 00:37:05,000
Speaker 2: maybe some escort services by US ships at some point,

621
00:37:05,080 --> 00:37:07,920
Speaker 2: but not now. So that's why it would seem to

622
00:37:07,960 --> 00:37:10,839
Speaker 2: me that the price of oil is up, up, up,

623
00:37:10,840 --> 00:37:13,000
Speaker 2: But why is it up up up? Didn't we just

624
00:37:13,920 --> 00:37:18,960
Speaker 2: retake the oil fields in Venezuela. Didn't Donald Trump campaign

625
00:37:19,080 --> 00:37:22,840
Speaker 2: on drill, baby, drill? Why you know? So, Iran is

626
00:37:24,960 --> 00:37:29,720
Speaker 2: a political in political turmoil right now. But Iran seems

627
00:37:29,760 --> 00:37:34,279
Speaker 2: to be supplying basically Russia and China with gasoline. So

628
00:37:34,320 --> 00:37:37,480
Speaker 2: why is it up here in the United States standing

629
00:37:37,480 --> 00:37:40,040
Speaker 2: by somebody who knows he is the founder and CEO

630
00:37:40,160 --> 00:37:44,239
Speaker 2: of King Operating Corporation. In fact, Jay Young is not

631
00:37:44,320 --> 00:37:46,440
Speaker 2: only a good guest of this program, he is the

632
00:37:46,520 --> 00:37:49,840
Speaker 2: author of the book The Upside of Oil and Gas Investing.

633
00:37:50,920 --> 00:37:52,959
Speaker 2: Be a pretty damn good time to invest in oil

634
00:37:52,960 --> 00:37:54,839
Speaker 2: because it looks like price of a barrel of oil

635
00:37:54,920 --> 00:37:57,400
Speaker 2: is going up, up, up, Jay Young, how are you

636
00:37:57,440 --> 00:38:01,759
Speaker 2: on this glorious Saturday.

637
00:38:00,200 --> 00:38:02,600
Speaker 7: Break in Great to hear your voice and be on

638
00:38:02,640 --> 00:38:04,719
Speaker 7: your program again. It's been it's been a while.

639
00:38:04,640 --> 00:38:07,440
Speaker 2: It's been a while. Forward to well listen, Yeah, me too.

640
00:38:08,200 --> 00:38:11,719
Speaker 2: So why I mean, We've got Maduro out of Venezuela

641
00:38:11,960 --> 00:38:14,600
Speaker 2: and we've got control, it would seem like, or some

642
00:38:14,760 --> 00:38:17,839
Speaker 2: better control of the oil output of that nation. And

643
00:38:17,880 --> 00:38:21,040
Speaker 2: we also were here a drill, baby drill all through

644
00:38:21,080 --> 00:38:24,040
Speaker 2: twenty twenty four. So why would what's going on in

645
00:38:24,040 --> 00:38:26,880
Speaker 2: Iran affect the price of a gallon of gasoline in

646
00:38:26,920 --> 00:38:27,480
Speaker 2: our country?

647
00:38:28,600 --> 00:38:30,799
Speaker 7: Yeah, that's a good that's a good question, And a

648
00:38:30,800 --> 00:38:32,520
Speaker 7: lot of people are asking the same question.

649
00:38:32,640 --> 00:38:35,560
Speaker 2: It's like, what does that happen with me? Why? Why

650
00:38:35,600 --> 00:38:37,440
Speaker 2: do I have to go to the pump? You know,

651
00:38:37,560 --> 00:38:38,839
Speaker 2: I mean people.

652
00:38:38,600 --> 00:38:41,600
Speaker 7: Yesterday I said, I said, you know what I said,

653
00:38:41,600 --> 00:38:43,839
Speaker 7: if you were lazy this morning and didn't get up

654
00:38:43,920 --> 00:38:47,000
Speaker 7: and go to the gas pump before work, you're gonna

655
00:38:47,000 --> 00:38:50,440
Speaker 7: be paying more for gasoline on the way home.

656
00:38:50,640 --> 00:38:53,200
Speaker 2: And and and in fact, you're exactly right.

657
00:38:53,239 --> 00:38:55,759
Speaker 7: What you said earlier before I came on, is you

658
00:38:55,760 --> 00:38:57,840
Speaker 7: know it's a twenty thirty cent vump right there, I

659
00:38:57,840 --> 00:39:01,399
Speaker 7: mean five bucks, tim bucks out of your pocket right there,

660
00:39:01,520 --> 00:39:02,720
Speaker 7: just just because.

661
00:39:02,840 --> 00:39:04,640
Speaker 2: You know, prices went up so fast.

662
00:39:04,719 --> 00:39:07,840
Speaker 7: And when you have one hundred million barrels of oil

663
00:39:08,040 --> 00:39:11,400
Speaker 7: that the world needs every day, and twenty percent of

664
00:39:11,440 --> 00:39:15,600
Speaker 7: it goes through this the strait of her news is

665
00:39:15,600 --> 00:39:18,400
Speaker 7: what she said. It's only thirty three kilometers. And if

666
00:39:18,400 --> 00:39:22,960
Speaker 7: there's any delay, any disruption, we're going to see everybody

667
00:39:23,040 --> 00:39:24,680
Speaker 7: grabbing oil from everywhere.

668
00:39:24,960 --> 00:39:27,600
Speaker 2: And when you don't have it, you want it.

669
00:39:28,280 --> 00:39:32,640
Speaker 7: The majority of it comes through India, goes to India, China, Japan,

670
00:39:33,400 --> 00:39:35,760
Speaker 7: and they're grabbing our oil and we're trying to figure

671
00:39:35,800 --> 00:39:39,120
Speaker 7: out who, what, when where. And you know, the reason

672
00:39:39,120 --> 00:39:41,640
Speaker 7: why the price goes up and down is because of

673
00:39:41,760 --> 00:39:44,799
Speaker 7: supply and demand, and we're just the supply is not

674
00:39:44,880 --> 00:39:46,160
Speaker 7: there and it's being disrupted.

675
00:39:46,560 --> 00:39:50,440
Speaker 2: Okay, why can't the United States simply start drilling for

676
00:39:50,560 --> 00:39:53,560
Speaker 2: more oil in the premium basin or other place else,

677
00:39:53,920 --> 00:39:56,279
Speaker 2: anyplace else that has oil. At this point, I thought

678
00:39:56,320 --> 00:39:58,279
Speaker 2: we were supposed to be energy independent.

679
00:39:59,440 --> 00:40:02,040
Speaker 7: Yeah, yeah, And I'll tell you our refineries here. Just

680
00:40:02,560 --> 00:40:05,600
Speaker 7: the bottom line is the refineries. You know, we produce

681
00:40:06,120 --> 00:40:09,680
Speaker 7: thirteen million barrels a day here. We need pointy we

682
00:40:09,719 --> 00:40:13,759
Speaker 7: can import six million or so from Canada, you know.

683
00:40:13,760 --> 00:40:16,280
Speaker 2: So we can get it kind of get a good feel.

684
00:40:16,680 --> 00:40:19,279
Speaker 7: We got a little bit coming from Venezuela, not a lot,

685
00:40:19,360 --> 00:40:22,600
Speaker 7: but that oil is will mess up all our refineries

686
00:40:22,640 --> 00:40:25,960
Speaker 7: because it's so so heavy. And that's the reason is

687
00:40:25,960 --> 00:40:28,640
Speaker 7: because we don't produce the kind of refinery or oil

688
00:40:28,719 --> 00:40:33,000
Speaker 7: here that we need. We produce a lighter grade of oil,

689
00:40:33,080 --> 00:40:36,960
Speaker 7: and our refineries need that uglier oil and not as

690
00:40:37,040 --> 00:40:39,439
Speaker 7: ugly as Venezuela because you could literally walk on it

691
00:40:39,480 --> 00:40:41,319
Speaker 7: from what I hear you Portland ground you can walk

692
00:40:41,360 --> 00:40:43,239
Speaker 7: on it, but not as bad.

693
00:40:43,280 --> 00:40:46,120
Speaker 2: But Canadian oil is good and we're just not. It's

694
00:40:46,160 --> 00:40:47,799
Speaker 2: just not we're not set up for it.

695
00:40:48,440 --> 00:40:52,799
Speaker 7: And the regulations would have to really be let go.

696
00:40:53,000 --> 00:40:56,279
Speaker 7: Is I can't see that happening. Refineries. We need more refineries,

697
00:40:56,320 --> 00:40:59,920
Speaker 7: we need you know. And Biden thought demand was going

698
00:41:00,120 --> 00:41:02,440
Speaker 7: to go there, but it's not. It's gonna go up. Well,

699
00:41:02,480 --> 00:41:03,799
Speaker 7: we don't remember retinue.

700
00:41:03,520 --> 00:41:03,960
Speaker 4: To go up.

701
00:41:04,160 --> 00:41:06,719
Speaker 2: We haven't built a refinery in this country in over

702
00:41:06,800 --> 00:41:09,439
Speaker 2: fifty years. Nobody wants to build a refinery. I don't

703
00:41:09,440 --> 00:41:11,840
Speaker 2: want that in my backyard. Don't put that thing there.

704
00:41:11,920 --> 00:41:14,759
Speaker 2: But that's the cold, hard truth. There is not been

705
00:41:14,800 --> 00:41:18,680
Speaker 2: a refinery built in this country since the nineteen seventies,

706
00:41:18,719 --> 00:41:21,520
Speaker 2: which to me is staggering. I don't know why that's

707
00:41:21,560 --> 00:41:24,120
Speaker 2: not the case or why that's the case. But even

708
00:41:24,160 --> 00:41:28,239
Speaker 2: if we were to somehow start drill baby drill and

709
00:41:28,400 --> 00:41:31,640
Speaker 2: start bringing in oil, you know, seizing whatever oil that

710
00:41:31,840 --> 00:41:36,040
Speaker 2: is in Iran, once we take that country over, we

711
00:41:36,080 --> 00:41:40,000
Speaker 2: have a limitation as to what we can refine here, right, Yeah,

712
00:41:40,080 --> 00:41:41,280
Speaker 2: exactly exactly.

713
00:41:41,480 --> 00:41:43,439
Speaker 7: And cam what you said earlier, it's like, why don't

714
00:41:43,440 --> 00:41:43,839
Speaker 7: we just drill?

715
00:41:43,880 --> 00:41:45,200
Speaker 2: Baby drill? Gets rigged?

716
00:41:45,200 --> 00:41:48,279
Speaker 7: And that's what happened, you know, when truck came in.

717
00:41:48,560 --> 00:41:50,839
Speaker 7: But then all of a sudden the price goes down,

718
00:41:51,280 --> 00:41:53,880
Speaker 7: and when the prize goes down too far, all of

719
00:41:53,920 --> 00:41:56,360
Speaker 7: these people it's not we thirty percent less rigs in

720
00:41:56,400 --> 00:41:59,360
Speaker 7: the premium basin right now, thirty percent less because of

721
00:41:59,440 --> 00:42:02,879
Speaker 7: mergers and because of economics. You know, when you get

722
00:42:02,920 --> 00:42:05,440
Speaker 7: down to sixty dollars oil, you're afraid it's going to

723
00:42:05,520 --> 00:42:08,719
Speaker 7: continue going, so you take all of these rigs off

724
00:42:08,800 --> 00:42:11,240
Speaker 7: the market. And when you take rigs off the market,

725
00:42:11,280 --> 00:42:14,640
Speaker 7: that's going to create less barrels in the future. And

726
00:42:14,680 --> 00:42:17,240
Speaker 7: that's the reason why I've always said, hey, the price

727
00:42:17,360 --> 00:42:19,440
Speaker 7: is going to go up in the summertime at the

728
00:42:19,520 --> 00:42:24,080
Speaker 7: end of this year. Regardless, you know, invest in oil

729
00:42:24,080 --> 00:42:26,799
Speaker 7: in GUS now, because it's going to go up at

730
00:42:26,800 --> 00:42:30,040
Speaker 7: the summertime. Because we have a huge demand for oil.

731
00:42:30,400 --> 00:42:32,759
Speaker 7: We're not going to be producing as much because.

732
00:42:32,560 --> 00:42:35,680
Speaker 2: Rig counts down and the wells that are already online

733
00:42:36,280 --> 00:42:37,520
Speaker 2: decline rapidly.

734
00:42:37,719 --> 00:42:39,839
Speaker 7: So therefore we're going to see a lot less oil

735
00:42:39,880 --> 00:42:43,759
Speaker 7: comes summertime when we want to drive on vacations and

736
00:42:44,040 --> 00:42:45,759
Speaker 7: we're just not going to have the oil. So this

737
00:42:45,840 --> 00:42:50,600
Speaker 7: is kind of fast board or sped up if you will,

738
00:42:50,920 --> 00:42:53,359
Speaker 7: the reason why price of oil is going to go up.

739
00:42:53,800 --> 00:42:54,560
Speaker 2: Get my book.

740
00:42:54,760 --> 00:42:57,319
Speaker 7: I'll send you an autograph copy in I know you

741
00:42:57,400 --> 00:43:00,880
Speaker 7: have one, and i'd like to send people a copy

742
00:43:00,920 --> 00:43:03,719
Speaker 7: of my book because you need to seriously look at

743
00:43:03,800 --> 00:43:06,239
Speaker 7: investing in oil gas. If you're a credit investor and

744
00:43:06,280 --> 00:43:09,320
Speaker 7: you're interested, I'll send you an autograph copy of my book.

745
00:43:09,360 --> 00:43:12,239
Speaker 7: It's a great way to look at it, and it's

746
00:43:12,280 --> 00:43:15,239
Speaker 7: a great way to structure a program for people to

747
00:43:15,320 --> 00:43:19,160
Speaker 7: look at investing in on gas tax benefits, monthly income

748
00:43:19,280 --> 00:43:22,440
Speaker 7: scale it while you we we scal it while we're

749
00:43:22,480 --> 00:43:25,160
Speaker 7: drilling wells. We need to go back to drilling in

750
00:43:25,200 --> 00:43:29,319
Speaker 7: the United States, and we we started, you know, a

751
00:43:29,360 --> 00:43:31,839
Speaker 7: few months ago, thinking this is the time to drill

752
00:43:31,880 --> 00:43:35,279
Speaker 7: because it's a lot less money to drill for oil

753
00:43:35,360 --> 00:43:39,840
Speaker 7: gas and we could drill cheaper and enjoy the benefits

754
00:43:39,880 --> 00:43:43,120
Speaker 7: when prices go up in the future. But that's that's

755
00:43:43,160 --> 00:43:46,160
Speaker 7: coming now. So we I mean, it's a great time

756
00:43:46,200 --> 00:43:47,799
Speaker 7: to go and we've got to we got to get

757
00:43:47,800 --> 00:43:48,879
Speaker 7: after it, and we got to start.

758
00:43:50,239 --> 00:43:53,120
Speaker 2: We're offering a book. Where where do people Where can

759
00:43:53,200 --> 00:43:55,920
Speaker 2: they find Jay Young? And is his writing abilities?

760
00:43:56,960 --> 00:44:00,560
Speaker 7: Yeah, It's Upside of Oil and Gas Investing is on

761
00:44:01,480 --> 00:44:04,759
Speaker 7: Amazon or Apple. But you go to my website if

762
00:44:04,760 --> 00:44:06,960
Speaker 7: you want an autograph cop and go to my website.

763
00:44:07,080 --> 00:44:10,800
Speaker 7: King Operating dot Com, King operating dot Com. And also

764
00:44:10,840 --> 00:44:15,680
Speaker 7: there's j R. Young j a y R like j R. Ewing,

765
00:44:15,719 --> 00:44:19,360
Speaker 7: but JR. Young I know, I don't know how that

766
00:44:19,480 --> 00:44:20,200
Speaker 7: worked out, but.

767
00:44:21,960 --> 00:44:23,720
Speaker 2: It's my real name. But with JR.

768
00:44:23,800 --> 00:44:29,200
Speaker 7: Young dot Com or King Operating dot Com, it's unfortunate.

769
00:44:29,320 --> 00:44:32,960
Speaker 7: It's great for Texas because of creating jobs and and

770
00:44:33,760 --> 00:44:36,279
Speaker 7: you know, getting back to drilling, which we need to

771
00:44:36,360 --> 00:44:39,200
Speaker 7: in the United States. It would be great for investors.

772
00:44:39,239 --> 00:44:42,520
Speaker 7: So everybody needs to everybody needs to look at it

773
00:44:42,600 --> 00:44:45,720
Speaker 7: and you know, seriously consider it because it is it's

774
00:44:45,840 --> 00:44:46,600
Speaker 7: time right now.

775
00:44:46,880 --> 00:44:51,040
Speaker 2: Well, I'll tell you right now, Tommy Norris would never

776
00:44:51,560 --> 00:44:54,400
Speaker 2: have allowed this to happen. He would never have allowed

777
00:44:54,400 --> 00:44:58,120
Speaker 2: this to happen. That's my guy, Billy Bob Thornton on Landman.

778
00:44:58,200 --> 00:45:00,600
Speaker 2: He would never allow this to happen. I can tell

779
00:45:00,640 --> 00:45:00,840
Speaker 2: you that.

780
00:45:02,800 --> 00:45:04,799
Speaker 7: He said, prices need to be at seventy eight.

781
00:45:05,400 --> 00:45:06,839
Speaker 2: They don't need to go too high, they don't need

782
00:45:06,880 --> 00:45:09,239
Speaker 2: to go too low. Yeah, he said that. Yeah, Now

783
00:45:09,360 --> 00:45:11,640
Speaker 2: what are they ninety two ninety three dollars a barrel?

784
00:45:11,680 --> 00:45:15,759
Speaker 2: Look when this thing in Iran is over, and it

785
00:45:15,840 --> 00:45:20,160
Speaker 2: will be over because we're we're literally blowing up half

786
00:45:20,160 --> 00:45:24,160
Speaker 2: of the mullas every single day. When it's over there

787
00:45:24,360 --> 00:45:29,560
Speaker 2: and this conflict settles down, how long will it take

788
00:45:30,360 --> 00:45:33,520
Speaker 2: for a gallon of gasoline to get back to where

789
00:45:33,560 --> 00:45:37,360
Speaker 2: it was before all of this started, you know around

790
00:45:37,360 --> 00:45:39,520
Speaker 2: here in the greater Cincinnati area. I mean, there was

791
00:45:39,560 --> 00:45:42,480
Speaker 2: a time here not too long ago where we were

792
00:45:42,520 --> 00:45:45,080
Speaker 2: down close to two dollars a gallon to eighteen to

793
00:45:45,120 --> 00:45:48,160
Speaker 2: two nineteen. I'm just wondering how how quickly will that

794
00:45:48,239 --> 00:45:48,840
Speaker 2: happen again?

795
00:45:48,880 --> 00:45:53,480
Speaker 7: In your opinion, yeah, I think it'll come down if

796
00:45:53,480 --> 00:45:59,680
Speaker 7: they say, Okay, President Trump is happy and he's happy

797
00:45:59,719 --> 00:46:03,160
Speaker 7: that there's gonna be no you know, Iranian regime that's

798
00:46:03,200 --> 00:46:06,200
Speaker 7: gonna continue. I think it's gonna it won't take very

799
00:46:06,239 --> 00:46:08,600
Speaker 7: long at all, couple of days a week to get

800
00:46:08,640 --> 00:46:10,440
Speaker 7: back now. But I don't think it's gonna come back

801
00:46:10,440 --> 00:46:13,360
Speaker 7: to where you said, because I think there's a shortage.

802
00:46:13,360 --> 00:46:15,400
Speaker 7: There's gonna be a shortage of oil going into the

803
00:46:15,440 --> 00:46:17,799
Speaker 7: summertime and end of the year. So I just don't

804
00:46:18,080 --> 00:46:20,080
Speaker 7: I think it comes back down, but maybe didn't come

805
00:46:20,120 --> 00:46:23,080
Speaker 7: back down to two fifty to sixty matters where you are,

806
00:46:23,480 --> 00:46:26,680
Speaker 7: you know, parts of Oklahoma, parts of Texas, you know,

807
00:46:26,960 --> 00:46:28,960
Speaker 7: get a little bit more benefit because they're closer to

808
00:46:29,880 --> 00:46:32,879
Speaker 7: you know, places of refineries. But but I don't think

809
00:46:32,920 --> 00:46:35,440
Speaker 7: it goes way down. And the reason why is because

810
00:46:35,440 --> 00:46:39,080
Speaker 7: of my first three reasons. I mean, there's a demand

811
00:46:39,120 --> 00:46:42,600
Speaker 7: for oil. We're not drilling right now in the United States,

812
00:46:42,640 --> 00:46:45,120
Speaker 7: and and wells declined rapidly, you know.

813
00:46:45,239 --> 00:46:47,920
Speaker 2: So that's the reason. Those those three.

814
00:46:47,760 --> 00:46:50,239
Speaker 7: Reasons are the reason why oil is gonna stay up

815
00:46:50,560 --> 00:46:54,120
Speaker 7: this year. The fourth reason is if you know geopolitical,

816
00:46:54,160 --> 00:46:56,840
Speaker 7: which we see that today ninety one dollars a barrel.

817
00:46:56,920 --> 00:46:58,560
Speaker 2: And and I mean.

818
00:46:58,440 --> 00:47:01,320
Speaker 7: This, you know, under under Obama we saw one hundred

819
00:47:01,320 --> 00:47:03,040
Speaker 7: and twenty forty dollars oil.

820
00:47:03,080 --> 00:47:05,200
Speaker 2: I mean, so it's not like we've never been here before.

821
00:47:05,200 --> 00:47:08,120
Speaker 7: It's all like, right, I haven't been here, but you're right,

822
00:47:08,160 --> 00:47:10,000
Speaker 7: so anyway it'll.

823
00:47:09,400 --> 00:47:12,600
Speaker 2: Come down, but it won't come down that much yelling

824
00:47:12,640 --> 00:47:13,319
Speaker 2: in I think.

825
00:47:14,080 --> 00:47:14,279
Speaker 4: Yeah.

826
00:47:14,560 --> 00:47:18,040
Speaker 2: He's the founder and CEO of King Operating Corporation. His

827
00:47:18,080 --> 00:47:21,960
Speaker 2: book The Upside of Oil and Gas Investing available on

828
00:47:22,120 --> 00:47:24,799
Speaker 2: all of the places he just told you about a

829
00:47:24,800 --> 00:47:28,080
Speaker 2: few minutes ago. One of the things I fear, and

830
00:47:28,120 --> 00:47:30,560
Speaker 2: this is, you know, we've already established that we're paying

831
00:47:30,600 --> 00:47:33,080
Speaker 2: more at the pump and hopefully that it will start

832
00:47:33,120 --> 00:47:35,120
Speaker 2: to come back to where it was even a couple

833
00:47:35,120 --> 00:47:38,800
Speaker 2: of weeks ago before all of this stuff in Iran happened.

834
00:47:39,520 --> 00:47:42,279
Speaker 2: One of the things that the previous administration did jay

835
00:47:42,680 --> 00:47:46,160
Speaker 2: was tap into the reserve so they could artificially reduce

836
00:47:46,239 --> 00:47:49,440
Speaker 2: the price of a gallon of gasoline by just a

837
00:47:49,480 --> 00:47:51,919
Speaker 2: few cents and say, well, look at that. The price

838
00:47:52,000 --> 00:47:54,319
Speaker 2: dropped three cents on a gallon. Well, yeah, it did

839
00:47:54,360 --> 00:47:57,759
Speaker 2: because you tapped into to the oil reserve that we

840
00:47:57,920 --> 00:48:01,000
Speaker 2: have in case all hell breaks, and that's the stuff

841
00:48:01,040 --> 00:48:03,279
Speaker 2: we need, you know, to fuel tanks and bombers and

842
00:48:03,320 --> 00:48:06,360
Speaker 2: other things that fly across the country and across the

843
00:48:06,400 --> 00:48:09,200
Speaker 2: world to try and defend the United States. So my

844
00:48:09,320 --> 00:48:12,920
Speaker 2: question to you is where is that oil reserve right now?

845
00:48:13,400 --> 00:48:16,759
Speaker 2: And why would anybody replenish it at three dollars and

846
00:48:16,920 --> 00:48:19,760
Speaker 2: forty five three dollars and sixty five cents a gallon?

847
00:48:20,080 --> 00:48:21,920
Speaker 2: Where our reserve is down, is it not?

848
00:48:23,440 --> 00:48:25,799
Speaker 7: It's you know, Trump has been filling it back with

849
00:48:25,880 --> 00:48:28,960
Speaker 7: these cheaper prices. So we're we got about four hundred

850
00:48:28,960 --> 00:48:32,400
Speaker 7: million barrels, about four hundred million barrels in our strategic

851
00:48:32,440 --> 00:48:34,879
Speaker 7: reserve right now. But the thing is, if we need it,

852
00:48:35,280 --> 00:48:37,239
Speaker 7: we can only get like a million barrels a day

853
00:48:37,239 --> 00:48:39,320
Speaker 7: out of it. So it's not like we can we

854
00:48:40,080 --> 00:48:43,040
Speaker 7: need twenty million barrels a day. We need twenty million.

855
00:48:43,360 --> 00:48:46,000
Speaker 7: We're producing thirteen in the United States, so we have

856
00:48:46,040 --> 00:48:49,759
Speaker 7: a deficit of seven if everything went to you know,

857
00:48:50,960 --> 00:48:53,520
Speaker 7: say hell in the end basket or whatever. But if

858
00:48:53,520 --> 00:48:56,799
Speaker 7: we couldn't produce anything, we have twenty days worth of

859
00:48:56,920 --> 00:49:01,680
Speaker 7: strategic reserves. Twenty days twenty million is four hundred million.

860
00:49:01,760 --> 00:49:04,399
Speaker 7: That's about what we have four point thirty I think,

861
00:49:04,880 --> 00:49:06,960
Speaker 7: and and but the problem is we can't. We can

862
00:49:07,000 --> 00:49:09,839
Speaker 7: only release like a million a day. So you know,

863
00:49:09,880 --> 00:49:12,600
Speaker 7: it's like even if we even if we said, okay,

864
00:49:12,640 --> 00:49:15,080
Speaker 7: well we've got to you know, we got to go

865
00:49:15,120 --> 00:49:18,279
Speaker 7: back to our strategic reserves, or if you just can't

866
00:49:18,360 --> 00:49:21,120
Speaker 7: do it anymore like like we could before, or you

867
00:49:21,120 --> 00:49:24,520
Speaker 7: can't just go get twenty million barrels and you know, fill.

868
00:49:24,360 --> 00:49:27,280
Speaker 2: The coffers up in front of all the refineries. You can't.

869
00:49:27,320 --> 00:49:27,960
Speaker 2: You can't do that.

870
00:49:28,000 --> 00:49:30,560
Speaker 7: So it's sounds it's not the answer, but it was

871
00:49:30,600 --> 00:49:32,160
Speaker 7: the answer for Biden in that election.

872
00:49:32,280 --> 00:49:34,560
Speaker 2: I know that well that it was and it was,

873
00:49:35,040 --> 00:49:37,240
Speaker 2: you know, it was nothing more than just a parlor

874
00:49:37,280 --> 00:49:41,120
Speaker 2: game with him. But nevertheless, Jay Young, I think we're

875
00:49:41,160 --> 00:49:44,640
Speaker 2: going to see these prices for a while. Thanks for

876
00:49:44,719 --> 00:49:47,719
Speaker 2: explaining why that is the case. I hope the hell

877
00:49:47,800 --> 00:49:50,160
Speaker 2: we get more refineries made so that when and if

878
00:49:50,200 --> 00:49:52,359
Speaker 2: we get back and get put production out of those

879
00:49:52,480 --> 00:49:56,319
Speaker 2: Venezuelan fields, we will have refineries that can handle that

880
00:49:56,440 --> 00:49:59,879
Speaker 2: thick muddy they call it dirty crude, and that will

881
00:50:00,080 --> 00:50:02,120
Speaker 2: up the situation as well, and we don't have to

882
00:50:02,160 --> 00:50:06,640
Speaker 2: be relying on these nutball clerics and tinpot dictators on

883
00:50:06,640 --> 00:50:09,520
Speaker 2: some of these countries that all they've got is oil,

884
00:50:09,640 --> 00:50:13,520
Speaker 2: you know, is John McCain said very famously about ten

885
00:50:13,600 --> 00:50:16,120
Speaker 2: years ago, what is Iran? Aron's nothing more than a

886
00:50:16,160 --> 00:50:19,359
Speaker 2: gas station, and that's what it's. That's what it's like

887
00:50:19,400 --> 00:50:22,200
Speaker 2: for a lot of these countries. But nevertheless, Jay Young,

888
00:50:22,239 --> 00:50:24,279
Speaker 2: it's good hearing your voice again, and good luck with

889
00:50:24,320 --> 00:50:26,680
Speaker 2: the book. And you know, if you bump into Tommy

890
00:50:26,719 --> 00:50:31,960
Speaker 2: Norris out there, tell them we said, Hi, okay.

891
00:50:30,560 --> 00:50:32,680
Speaker 7: I will I'll take a selfie and send it to you.

892
00:50:32,800 --> 00:50:35,520
Speaker 7: Kim sen attre states you having me on anything I

893
00:50:35,560 --> 00:50:38,120
Speaker 7: can do on n M for you guys, I'd love

894
00:50:38,200 --> 00:50:42,759
Speaker 7: to do it anytime, love it. I watched the watch

895
00:50:42,800 --> 00:50:46,880
Speaker 7: the markets religiously, and I'm always I've always got information.

896
00:50:47,000 --> 00:50:51,000
Speaker 2: I've always got information. So you stay well. Thanks love

897
00:50:51,560 --> 00:50:55,160
Speaker 2: jam every good weekend. Yes, sir, Founder and CEO, King

898
00:50:55,360 --> 00:51:00,000
Speaker 2: Operating Corporation. I wonder if he could get a selfie

899
00:51:00,040 --> 00:51:02,440
Speaker 2: with Tommy Norris and then maybe set one up for me.

900
00:51:04,000 --> 00:51:06,440
Speaker 2: We could probably photoshop it where I could be in

901
00:51:06,480 --> 00:51:08,760
Speaker 2: the picture and he could be out. Now, that'd be something.

902
00:51:09,880 --> 00:51:14,840
Speaker 2: It is one twenty four already on this particular Saturday,

903
00:51:14,920 --> 00:51:18,319
Speaker 2: and whereas we're looking ahead to UC basketball, you see

904
00:51:18,360 --> 00:51:21,279
Speaker 2: at TCU final game of the regular season. It's on

905
00:51:21,360 --> 00:51:24,440
Speaker 2: the horizon on seven hundred WLW