1 00:00:00,320 --> 00:00:04,960 Speaker 1: Hey, Michael, just listen to your segment on television and 2 00:00:05,120 --> 00:00:11,560 Speaker 1: the strengths and weaknesses of that new media and how 3 00:00:11,600 --> 00:00:17,640 Speaker 1: it's brought our culture to where it is today. Almost 4 00:00:17,680 --> 00:00:20,680 Speaker 1: reminiscent of Paul Harvey. Thank you very much. 5 00:00:22,680 --> 00:00:26,040 Speaker 2: It is the whole time I'm doing that entire segment. 6 00:00:27,520 --> 00:00:30,120 Speaker 3: Of course, I also believe that radio has that same 7 00:00:30,160 --> 00:00:38,280 Speaker 3: effect and a lot of the same theories about well, 8 00:00:38,520 --> 00:00:46,400 Speaker 3: take our slogan about Guaranteed Human. That slogan is part 9 00:00:46,520 --> 00:00:53,240 Speaker 3: of making certain that what we do as a host, 10 00:00:53,600 --> 00:00:55,880 Speaker 3: or as a producer, or as a show in general 11 00:00:56,600 --> 00:01:02,720 Speaker 3: is that we are relatable. That while it's a weird 12 00:01:03,000 --> 00:01:07,760 Speaker 3: because when I run across people who either recognize my 13 00:01:07,840 --> 00:01:11,600 Speaker 3: voice or my face or whatever, I'm always fascinated by 14 00:01:11,720 --> 00:01:17,800 Speaker 3: how the reaction is, O, we're friends. I don't what's 15 00:01:17,800 --> 00:01:22,560 Speaker 3: your name, Billy, Bob? Oh, nice to meet you, billiy Bob. 16 00:01:23,200 --> 00:01:26,840 Speaker 3: I don't think I've ever met you before. I love 17 00:01:27,000 --> 00:01:31,240 Speaker 3: doing it because it creates that relationship. It creates I 18 00:01:31,440 --> 00:01:35,080 Speaker 3: hope in your mind, I'm not trying to convince you 19 00:01:35,120 --> 00:01:36,640 Speaker 3: one way or that. Well, I guess I am trying 20 00:01:36,640 --> 00:01:40,240 Speaker 3: to convince you that My perspective oftentimes I believe is 21 00:01:40,240 --> 00:01:42,840 Speaker 3: the right perspective. But I'm also trying to convince you 22 00:01:42,880 --> 00:01:45,479 Speaker 3: to at least think about the topics that I give you. 23 00:01:45,760 --> 00:01:48,320 Speaker 3: That's why I spend an entire hour talking about the 24 00:01:48,360 --> 00:01:51,880 Speaker 3: history of television but tying it to Nancy Guthrie, because 25 00:01:52,600 --> 00:01:59,080 Speaker 3: I want people to who are without thinking consuming that story, 26 00:01:59,680 --> 00:02:02,720 Speaker 3: to think about the who, where, when, and why? The 27 00:02:02,760 --> 00:02:07,200 Speaker 3: five ws of why they are consuming that story? Can 28 00:02:07,280 --> 00:02:10,160 Speaker 3: I find it fascinating. I don't find the story, it's 29 00:02:10,400 --> 00:02:13,280 Speaker 3: the self fascinating. I find the story to be And 30 00:02:13,320 --> 00:02:16,160 Speaker 3: I don't mean this cruel in a cruel way, but 31 00:02:16,240 --> 00:02:21,920 Speaker 3: it's a run of the Mills story. Someone got burgled 32 00:02:22,360 --> 00:02:26,480 Speaker 3: or maybe kidnapped, or has been murdered or dumped somewhere, 33 00:02:26,880 --> 00:02:29,400 Speaker 3: or who has died of natural causes because she didn't 34 00:02:29,400 --> 00:02:33,120 Speaker 3: have a medication, And nobody will even talk about we 35 00:02:33,560 --> 00:02:36,320 Speaker 3: are we responding or we are or are we in 36 00:02:36,320 --> 00:02:39,960 Speaker 3: a recovery phase? What are we really doing here? But 37 00:02:40,040 --> 00:02:43,639 Speaker 3: everybody's just glued to it. The only thing that's missing 38 00:02:43,639 --> 00:02:46,720 Speaker 3: out of this so far has been the sex angle, 39 00:02:47,400 --> 00:02:49,919 Speaker 3: and maybe that'll eventually come up in some bizarre way 40 00:02:49,960 --> 00:02:56,000 Speaker 3: that I can't even imagine. But who knows anyway. Jasmine 41 00:02:56,040 --> 00:03:00,799 Speaker 3: the Crockett running for Senate seat against John Cornyn or 42 00:03:00,800 --> 00:03:02,600 Speaker 3: whoever the nomine is going to be in Texas on 43 00:03:02,639 --> 00:03:04,760 Speaker 3: the Republican side is. 44 00:03:04,720 --> 00:03:05,520 Speaker 2: Back in the news. 45 00:03:06,720 --> 00:03:10,359 Speaker 3: The pride of South Dallas was, as they say, in 46 00:03:10,400 --> 00:03:13,600 Speaker 3: some sort of mood after her opponent in the Democrat 47 00:03:13,639 --> 00:03:17,800 Speaker 3: Senate primary, James Tallerico, madly what can only be called 48 00:03:17,840 --> 00:03:21,560 Speaker 3: a coordinated hoax with Late night host Stephen Colbert. Now, 49 00:03:21,600 --> 00:03:23,760 Speaker 3: if you haven't paid attention to the controversy, I wouldn't 50 00:03:23,760 --> 00:03:27,840 Speaker 3: blame if you haven't. Colbert claimed on his show Monday 51 00:03:27,919 --> 00:03:32,240 Speaker 3: night that the chairman of the FCC, Brandon Carr, had 52 00:03:32,320 --> 00:03:37,040 Speaker 3: leaned on CBS to force him Colbert not to air 53 00:03:37,120 --> 00:03:42,360 Speaker 3: his planned interview with tall Rico. Colbert trashed his network 54 00:03:42,480 --> 00:03:45,680 Speaker 3: bosses in the process. He went after them again on 55 00:03:45,720 --> 00:03:50,720 Speaker 3: the same topic Tuesday night, even after both CBS and 56 00:03:50,920 --> 00:03:56,920 Speaker 3: the FCC had weighed in denying the claim. But that's 57 00:03:57,000 --> 00:04:02,080 Speaker 3: not what's set off warning sirens in the Jasmine Crockett campaign. 58 00:04:02,760 --> 00:04:03,720 Speaker 2: Not in the least. 59 00:04:04,520 --> 00:04:09,040 Speaker 3: What set Jasmine Crockett's fake eyelashes of fire was the 60 00:04:09,080 --> 00:04:11,200 Speaker 3: fact that Talla Rico claimed on Tuesday evening that he 61 00:04:11,200 --> 00:04:13,160 Speaker 3: had already raised two and a half million dollars off 62 00:04:13,160 --> 00:04:16,839 Speaker 3: the controversy, a number that had ratcheted up to three 63 00:04:16,880 --> 00:04:24,200 Speaker 3: million dollars by yesterday. Politico their Playbook edition, James Taller 64 00:04:24,240 --> 00:04:26,599 Speaker 3: Rico's campaign racked up two and a half million dollars 65 00:04:26,600 --> 00:04:30,000 Speaker 3: in donations in the twenty four hours after CBS killed 66 00:04:30,000 --> 00:04:33,080 Speaker 3: his interview on the Late Show. Notice how they continue 67 00:04:33,120 --> 00:04:36,000 Speaker 3: with the same narrative that Stephen Colbert has. 68 00:04:37,720 --> 00:04:39,279 Speaker 2: The hall they write. 69 00:04:39,080 --> 00:04:42,360 Speaker 3: Highlights several trends regarding the current moment in US politics. 70 00:04:43,480 --> 00:04:46,680 Speaker 3: First in Playbook, it's quite a hall in a primary 71 00:04:46,760 --> 00:04:50,440 Speaker 3: race that could prove pivotal when the final Senate tallies 72 00:04:50,480 --> 00:04:54,640 Speaker 3: are counted on November three. But it also highlights several 73 00:04:54,760 --> 00:05:01,760 Speaker 3: fascinating trends regarding the current moment in US politics. This 74 00:05:02,279 --> 00:05:07,200 Speaker 3: was in campaign lingo a three alarm fire. It was 75 00:05:07,240 --> 00:05:10,560 Speaker 3: a dumpster fire, and as it was time for the 76 00:05:10,680 --> 00:05:16,520 Speaker 3: constantly code switching Jasmine Crockett to wig end, the only 77 00:05:17,040 --> 00:05:22,600 Speaker 3: remaining question was whether she would speak in her Calmer 78 00:05:23,440 --> 00:05:25,880 Speaker 3: grew up in a wealthy suburb of Saint Louis and 79 00:05:25,960 --> 00:05:29,880 Speaker 3: went to a costly private school's voice or go full long. 80 00:05:29,720 --> 00:05:32,839 Speaker 2: Get rap againster in a sassy street kind of kid voice. 81 00:05:33,560 --> 00:05:36,280 Speaker 3: Now, I personally he was hoping for the latter because 82 00:05:36,320 --> 00:05:40,320 Speaker 3: it's always just so damn glorious to watch. But it 83 00:05:40,360 --> 00:05:44,159 Speaker 3: turns out that I think cooler heads in the Crockett 84 00:05:44,200 --> 00:05:49,280 Speaker 3: campaign must have prevailed. They pasted on some shorter fake eyelashes. 85 00:05:49,680 --> 00:05:52,640 Speaker 3: They convinced Jasmine to roll in her soft Saint Louis 86 00:05:52,680 --> 00:05:58,240 Speaker 3: suburb persona, and she did, and she did precisely. 87 00:05:57,800 --> 00:06:04,559 Speaker 4: That I'm waiting on a statement. I've I've done Gobert 88 00:06:04,600 --> 00:06:08,120 Speaker 4: a number of signs, and I've done coberta number of times. 89 00:06:08,120 --> 00:06:10,159 Speaker 5: I've done View a number of times. Give at numbers. 90 00:06:10,480 --> 00:06:12,920 Speaker 4: I've done all these shows a number of times. We 91 00:06:12,960 --> 00:06:21,839 Speaker 4: did receive information suggesting that the federal government did not 92 00:06:21,880 --> 00:06:25,440 Speaker 4: shut down the statements number one. That is my understanding 93 00:06:25,440 --> 00:06:27,920 Speaker 4: that the federal government did not didn't shut this down, 94 00:06:27,960 --> 00:06:30,120 Speaker 4: And we will do an official statement. 95 00:06:31,760 --> 00:06:34,160 Speaker 2: Did the filleral gunment shut it down? Or didn't the 96 00:06:34,200 --> 00:06:37,440 Speaker 2: federal government shut it down? Hey, what's up, Michael? What's 97 00:06:37,520 --> 00:06:38,080 Speaker 2: up Dragon? 98 00:06:38,200 --> 00:06:40,560 Speaker 6: How you fools doing today? I just wanted to say, 99 00:06:40,640 --> 00:06:43,200 Speaker 6: what's up. I hope you guys have a good deal. Okay, 100 00:06:43,640 --> 00:06:48,920 Speaker 6: that Kasi homies Za. 101 00:06:50,680 --> 00:06:51,960 Speaker 2: At the Jasmine Crockett. 102 00:06:52,600 --> 00:06:58,000 Speaker 3: She's really upset, not that James tall Rico went on 103 00:06:58,040 --> 00:07:01,680 Speaker 3: the Colbert Show, but the fact that he raised two 104 00:07:01,680 --> 00:07:04,400 Speaker 3: and a half million dollars now three million dollars. That's 105 00:07:04,400 --> 00:07:07,360 Speaker 3: what's really got her upsent is raising that money. 106 00:07:08,320 --> 00:07:09,360 Speaker 5: Number One, That. 107 00:07:09,440 --> 00:07:12,280 Speaker 4: Is my understanding that the federal government did not didn't 108 00:07:12,320 --> 00:07:15,120 Speaker 4: shut this down, And we will do an official statement 109 00:07:15,800 --> 00:07:18,400 Speaker 4: once we get another official statement. 110 00:07:18,200 --> 00:07:19,760 Speaker 2: That paid his coming. 111 00:07:20,960 --> 00:07:23,360 Speaker 3: We'll do an official statement once we get another official 112 00:07:23,400 --> 00:07:26,280 Speaker 3: statement about what the official statement was that whether the 113 00:07:26,320 --> 00:07:29,000 Speaker 3: federal government really officially shut down the interview or not. 114 00:07:29,440 --> 00:07:31,679 Speaker 3: So officially we don't really know what the official statement 115 00:07:31,760 --> 00:07:33,760 Speaker 3: is yet, but officially we'll let you know. 116 00:07:34,320 --> 00:07:38,120 Speaker 2: I'm there are some people. These are the people that 117 00:07:38,200 --> 00:07:39,560 Speaker 2: want to rule over us. 118 00:07:40,000 --> 00:07:57,360 Speaker 7: Yeah, they say there a fear, they say. 119 00:07:57,320 --> 00:08:03,400 Speaker 4: Somebody and there may have been advice to just have 120 00:08:03,600 --> 00:08:08,120 Speaker 4: beyond and then they could clear the issue. It was 121 00:08:08,200 --> 00:08:12,560 Speaker 4: my understanding that someone somewhere decided you just. 122 00:08:12,600 --> 00:08:13,400 Speaker 5: Don't want to do that. 123 00:08:13,840 --> 00:08:17,160 Speaker 4: Instead, we're going to just do it this way. 124 00:08:17,360 --> 00:08:19,360 Speaker 5: So I don't believe and let me be. 125 00:08:19,320 --> 00:08:21,640 Speaker 2: Clear, Yeah, let me be clear. That's enough. 126 00:08:22,560 --> 00:08:24,640 Speaker 3: So we will read what they say, and then we'll 127 00:08:24,680 --> 00:08:26,920 Speaker 3: go from there. It is that understanding that the FCC 128 00:08:27,400 --> 00:08:29,440 Speaker 3: may say something to them and that there may have 129 00:08:29,440 --> 00:08:32,439 Speaker 3: been advised to just have me on and then they 130 00:08:32,440 --> 00:08:36,480 Speaker 3: could clear the issue. You gotta love how she ends 131 00:08:36,480 --> 00:08:40,960 Speaker 3: that convoluted mess by just saying, let me just be clear. Okay, 132 00:08:41,360 --> 00:08:45,440 Speaker 3: Well try against reetheart. So she's just made a statement, 133 00:08:45,480 --> 00:08:47,480 Speaker 3: but is waiting on a statement, and we'll do an 134 00:08:47,520 --> 00:08:50,640 Speaker 3: official statement once she gets in another official statement from 135 00:08:50,640 --> 00:08:52,800 Speaker 3: her official statement writer who may or may not be 136 00:08:52,840 --> 00:08:55,760 Speaker 3: the incompetent boob who wrote that particular unofficial statement that 137 00:08:55,760 --> 00:08:59,800 Speaker 3: we just heard. Jasmine Cockett may or may not prevail 138 00:08:59,800 --> 00:09:04,160 Speaker 3: on the My money is still in tall Rico, mainly 139 00:09:04,240 --> 00:09:09,079 Speaker 3: because he's an even bigger radical KNITWI than Crockett happens 140 00:09:09,120 --> 00:09:13,280 Speaker 3: to be. And that's saying something. And Democrat voters always 141 00:09:13,280 --> 00:09:15,480 Speaker 3: seem to vote for the worst possible option. 142 00:09:15,600 --> 00:09:16,880 Speaker 2: I think they have a rule or something. 143 00:09:17,720 --> 00:09:20,520 Speaker 3: And if she does lose, I've got to admit I 144 00:09:20,520 --> 00:09:22,200 Speaker 3: will be more than a little sad to see what 145 00:09:22,240 --> 00:09:25,360 Speaker 3: would likely become the end of her career as a 146 00:09:25,400 --> 00:09:29,200 Speaker 3: prominent elected official. Why well, I challenge any of you 147 00:09:29,320 --> 00:09:34,000 Speaker 3: to name another political figure in this century, who has 148 00:09:34,000 --> 00:09:37,800 Speaker 3: provided such a rich wealth of almost unending parody faudder 149 00:09:37,840 --> 00:09:42,440 Speaker 3: for writers than Sweet Jasmine has blessed us with over 150 00:09:42,440 --> 00:09:48,680 Speaker 3: the last four years. Now, we've also had other breaking news. 151 00:09:49,640 --> 00:09:55,280 Speaker 3: Andrew Boughton Windsor, formerly known as Prince No Prince Andrew, 152 00:09:55,920 --> 00:09:58,960 Speaker 3: the great nephew of a noted pedophile, a longtime buddy 153 00:09:58,960 --> 00:10:02,400 Speaker 3: of Jeffrey Epstein, got arrested in jolly Old England under 154 00:10:02,400 --> 00:10:07,760 Speaker 3: suspicion of misconduct in public office. Who who had possibly 155 00:10:07,880 --> 00:10:11,920 Speaker 3: known he was doing anything untoward. ABC News reports that 156 00:10:12,200 --> 00:10:15,920 Speaker 3: he was arrested at his Eastern England home. The UK's 157 00:10:15,960 --> 00:10:20,240 Speaker 3: Telegraph said in their Thursday edition that British police had 158 00:10:20,360 --> 00:10:26,560 Speaker 3: arrived at the residence in Eastern England. Six unmarked police 159 00:10:26,600 --> 00:10:31,000 Speaker 3: cars and about eight plane closed cops were seen arriving 160 00:10:31,040 --> 00:10:35,559 Speaker 3: at wood Farm on the estate earlier on Thursday. Tim's 161 00:10:35,640 --> 00:10:38,120 Speaker 3: Valley police said earlier on February they were looking at 162 00:10:38,160 --> 00:10:43,640 Speaker 3: allegations that he had passed confidential government documents to Epstein 163 00:10:44,240 --> 00:10:47,800 Speaker 3: and which is duh. You can read it in the 164 00:10:47,840 --> 00:10:51,920 Speaker 3: file now. He's denied any wrongdoings, said he regrets his friendship, 165 00:10:52,320 --> 00:10:57,000 Speaker 3: but he's not responded to specific questions or requests for 166 00:10:57,280 --> 00:11:01,040 Speaker 3: comment after the files were published by the Fence here 167 00:11:02,520 --> 00:11:05,679 Speaker 3: and of course the King has issued an official statement 168 00:11:06,200 --> 00:11:09,280 Speaker 3: and we're not going to interfere. The law is going 169 00:11:09,320 --> 00:11:12,280 Speaker 3: to run its course, blah blah blah blah. So it 170 00:11:12,280 --> 00:11:16,199 Speaker 3: looks like somebody spilled the beans, regardless of national guidance, 171 00:11:16,240 --> 00:11:18,960 Speaker 3: whatever the hell that means, and good for whomever it was. 172 00:11:19,120 --> 00:11:23,439 Speaker 3: The more public humiliation that falls on that evil little guy, 173 00:11:23,480 --> 00:11:29,320 Speaker 3: well maybe the better for humanity. Speaking of Epstein, I 174 00:11:29,400 --> 00:11:33,360 Speaker 3: find this so bizarre. A UN panel of experts whatever 175 00:11:33,400 --> 00:11:37,320 Speaker 3: that means, which reviewed the files now the public record 176 00:11:37,400 --> 00:11:40,640 Speaker 3: issue to report this week. It didn't make much news, 177 00:11:40,960 --> 00:11:44,600 Speaker 3: which is likely symbolic of the UN's reduced stature, barely 178 00:11:44,640 --> 00:11:49,560 Speaker 3: remaining credibility, But it did come to a very predictable conclusion, 179 00:11:52,320 --> 00:11:58,160 Speaker 3: they said. UN panel says Jeffrey Epstein files suggest existence 180 00:11:58,240 --> 00:12:04,600 Speaker 3: of a global criminal enterprise committing crimes against humanity, the 181 00:12:04,720 --> 00:12:08,119 Speaker 3: United Nations masters of the obvious. 182 00:12:08,360 --> 00:12:11,040 Speaker 5: Good morning, Michael. I got a question for you. I 183 00:12:11,040 --> 00:12:16,160 Speaker 5: think it's cool for starters that you have these big, furry, 184 00:12:16,280 --> 00:12:22,200 Speaker 5: lime like dogs, but you said your wifeless getting sausage 185 00:12:22,240 --> 00:12:25,960 Speaker 5: biscuits for them. My wife supports certified events, and I 186 00:12:25,960 --> 00:12:27,880 Speaker 5: can tell you for sure she at least start out 187 00:12:27,880 --> 00:12:32,959 Speaker 5: with one word pancreatitis. Have you heard of pancreatitis? Yeah, 188 00:12:33,400 --> 00:12:34,560 Speaker 5: look it up if you don't know. 189 00:12:36,640 --> 00:12:40,840 Speaker 3: So let me let me clarify something. Yes, we've heard 190 00:12:40,840 --> 00:12:47,040 Speaker 3: of pancreatitis. And her little docson has had pancreatitis and 191 00:12:47,160 --> 00:12:51,040 Speaker 3: is on medication for it. When I say sausage biscuits, 192 00:12:51,679 --> 00:12:55,520 Speaker 3: they don't get the biscuit. They get the sausage. Patty 193 00:12:56,400 --> 00:12:59,840 Speaker 3: camera gets that. I don't how many she buys, but 194 00:12:59,880 --> 00:13:03,719 Speaker 3: there are multiple sausage biscuits involved. And I don't know 195 00:13:03,760 --> 00:13:06,600 Speaker 3: whether she gets like one biscuit and pays for extra 196 00:13:06,679 --> 00:13:09,199 Speaker 3: patties on it, or she gives two biscuits, you know, 197 00:13:09,280 --> 00:13:11,480 Speaker 3: because they're they're a dollar apiece or something. I don't 198 00:13:11,480 --> 00:13:13,800 Speaker 3: know what they are. But no, the dogs do not 199 00:13:13,880 --> 00:13:16,600 Speaker 3: get the biscuit. They only get the sausage. So I 200 00:13:16,640 --> 00:13:19,680 Speaker 3: hope that clarifies. And by the way, is your vet, 201 00:13:19,880 --> 00:13:25,160 Speaker 3: is your wife any good as a vent? Any good? 202 00:13:25,600 --> 00:13:30,040 Speaker 3: I'm not questioning, I'm just I just you know, they're vets, 203 00:13:30,480 --> 00:13:33,120 Speaker 3: with all due respects, seem to be like lawyers. There's 204 00:13:33,240 --> 00:13:37,600 Speaker 3: awful lot of vets, and vets seem to be subjected 205 00:13:37,640 --> 00:13:40,640 Speaker 3: to the same thing that's happening to medical practice and 206 00:13:40,720 --> 00:13:44,000 Speaker 3: dental practices, and it is all these conglomerates are buying 207 00:13:44,040 --> 00:13:46,600 Speaker 3: them up, and of course then they consolidate, and what 208 00:13:46,640 --> 00:13:48,640 Speaker 3: do they do. They jack up the prices and they 209 00:13:48,880 --> 00:13:51,040 Speaker 3: reduce the amount of services and blah blah blah. So 210 00:13:51,040 --> 00:13:54,160 Speaker 3: I'm curious if your wife is going through the same 211 00:13:54,280 --> 00:14:00,600 Speaker 3: machinations that other, you know, medical professions are doing vets. 212 00:14:00,840 --> 00:14:02,160 Speaker 2: Do you ever want to be a vet dragon? 213 00:14:03,320 --> 00:14:05,360 Speaker 5: I'm not a big fan of watching animals die or 214 00:14:05,360 --> 00:14:05,920 Speaker 5: helping them die. 215 00:14:06,520 --> 00:14:09,480 Speaker 3: I hadn't for that reason. I had humans. Yeah I 216 00:14:09,520 --> 00:14:11,360 Speaker 3: could have, Maybe I could. I didn't have the brains 217 00:14:11,400 --> 00:14:13,400 Speaker 3: to be a doctor, obviously. That's why I became a lawyer, 218 00:14:13,520 --> 00:14:15,680 Speaker 3: because it didn't take any brains to be a lawyer. See, 219 00:14:15,720 --> 00:14:17,560 Speaker 3: so I you know, it probably takes a little brains 220 00:14:17,559 --> 00:14:18,120 Speaker 3: to be a vet too. 221 00:14:18,120 --> 00:14:22,800 Speaker 2: But I didn't want to deal with the animals watch people. 222 00:14:23,480 --> 00:14:26,360 Speaker 3: Yeah, oh yeah, we gotta cut you open. Yeah we 223 00:14:26,360 --> 00:14:28,440 Speaker 3: got a rips and guts out, Yeah, no problem, but 224 00:14:28,520 --> 00:14:30,720 Speaker 3: the dogs, no, not gonna have them to the dogs. 225 00:14:32,560 --> 00:14:43,400 Speaker 3: I got my electric bill yesterday anyway, Uh funny how 226 00:14:45,000 --> 00:14:48,760 Speaker 3: our usage seems to have dropped and the dollar amount 227 00:14:48,760 --> 00:14:52,640 Speaker 3: seems to have increased, Which leads to the question, because 228 00:14:52,680 --> 00:14:57,200 Speaker 3: we are as a country, we are exporting uh liquefied 229 00:14:57,280 --> 00:15:04,240 Speaker 3: natural guests LNG at a extraordinary amount. Rising exports of 230 00:15:04,520 --> 00:15:09,160 Speaker 3: LNG is that causing domestic gas prices to rise? And 231 00:15:09,320 --> 00:15:14,240 Speaker 3: is that resulting in higher electric prices? Now that narrative 232 00:15:15,120 --> 00:15:20,560 Speaker 3: is really popular among the congregants in the Church of 233 00:15:20,640 --> 00:15:25,240 Speaker 3: the Climate Activists, and that has led to a plethora 234 00:15:25,320 --> 00:15:28,080 Speaker 3: of stories on that topic in recent weeks. Now, the 235 00:15:28,200 --> 00:15:34,720 Speaker 3: narrative does seem pretty simple and somewhat compelling. As exports 236 00:15:34,720 --> 00:15:39,720 Speaker 3: of LNG increase, which means that they're consuming a larger 237 00:15:39,800 --> 00:15:45,480 Speaker 3: share of overall domestic LNG production, US prices reflected in 238 00:15:46,000 --> 00:15:50,800 Speaker 3: the index attracts them. LNG prices seems to be rising 239 00:15:50,840 --> 00:15:54,600 Speaker 3: along with them, and because natural gas provides roughly forty 240 00:15:54,600 --> 00:15:58,600 Speaker 3: percent of overall domestic power generation, the rising indexed price 241 00:15:59,080 --> 00:16:02,760 Speaker 3: must be causing you to bills to go up too. Now, 242 00:16:02,880 --> 00:16:05,480 Speaker 3: on his face, that seems compelling, but is it true? 243 00:16:05,840 --> 00:16:09,200 Speaker 3: I don't think the answer is very simple. A great 244 00:16:09,240 --> 00:16:12,840 Speaker 3: example of this narrative came in a story yesterday from 245 00:16:12,880 --> 00:16:17,760 Speaker 3: Reuters headlined booming LNG exports may get dragged into the 246 00:16:17,880 --> 00:16:23,280 Speaker 3: US cost of living debate. That headline is really descriptive 247 00:16:23,360 --> 00:16:26,880 Speaker 3: of the story, except there's a huge problem. A graphic 248 00:16:26,960 --> 00:16:32,320 Speaker 3: concluded in that piece shows both LNG exports and electricity 249 00:16:32,360 --> 00:16:38,440 Speaker 3: prices exploding upwards from twenty ten through twenty twenty five. 250 00:16:39,760 --> 00:16:44,600 Speaker 3: But guess what natural gas prices are trending lower across 251 00:16:44,640 --> 00:16:49,400 Speaker 3: the same period. That's the energy reality with which domestic 252 00:16:49,480 --> 00:16:52,080 Speaker 3: gas drillers have been struggling for many years. But it's 253 00:16:52,120 --> 00:16:56,400 Speaker 3: also a reality that does not support this narrative. And 254 00:16:56,440 --> 00:16:58,680 Speaker 3: then there was another piece. This one was in the 255 00:16:58,680 --> 00:17:02,640 Speaker 3: Wall Street Journal. It focused on gas supply disruptions to 256 00:17:02,760 --> 00:17:06,520 Speaker 3: industrial users which have occurred during the severe winter weather, 257 00:17:06,600 --> 00:17:10,800 Speaker 3: particularly on the East, that occurred back during most of January. 258 00:17:11,440 --> 00:17:15,639 Speaker 3: That piece quotes Paul SiO siahow I'm not sure you 259 00:17:15,640 --> 00:17:19,280 Speaker 3: pronounce his name. He heads the Industrial Energy Consumers of 260 00:17:19,320 --> 00:17:24,840 Speaker 3: America that represents many of those in the industrial user category. 261 00:17:24,960 --> 00:17:28,680 Speaker 3: He notes that the disruptions that occurred because of the 262 00:17:28,760 --> 00:17:31,840 Speaker 3: really bad winter along the Eastern seaboard happened more than 263 00:17:32,040 --> 00:17:35,879 Speaker 3: forty times in twenty twenty five and is quoted saying 264 00:17:36,760 --> 00:17:42,520 Speaker 3: this year is going to be that or worse. Okay, 265 00:17:43,200 --> 00:17:48,040 Speaker 3: that doesn't give me any supporting information for the prediction 266 00:17:48,800 --> 00:17:53,560 Speaker 3: that it was going to increase prices. So, okay, this 267 00:17:53,640 --> 00:17:55,280 Speaker 3: year is going to be that or worse in terms 268 00:17:55,320 --> 00:17:57,320 Speaker 3: of the number of disruptions. 269 00:17:58,680 --> 00:17:59,760 Speaker 2: Here's some context. 270 00:18:00,520 --> 00:18:06,240 Speaker 3: In twenty ten, when the United States liquified natural gas 271 00:18:06,240 --> 00:18:11,359 Speaker 3: export industry was just in its developing stages, this same 272 00:18:11,440 --> 00:18:14,760 Speaker 3: guy and the IECA warned that allowing the industry to 273 00:18:14,800 --> 00:18:19,639 Speaker 3: grow is not in the interest of the public or 274 00:18:19,840 --> 00:18:24,040 Speaker 3: the manufacturing scent sector. They wrote that in a letter 275 00:18:24,040 --> 00:18:28,760 Speaker 3: to the Department of Energy. They wrote, from two to 276 00:18:28,840 --> 00:18:32,480 Speaker 3: two thousand and eight, we saw prices rise from four 277 00:18:32,520 --> 00:18:37,719 Speaker 3: dollars per BTU range to the fourteen dollars BTU range. 278 00:18:38,600 --> 00:18:40,960 Speaker 3: Just because we have prices in the mid four dollars 279 00:18:41,080 --> 00:18:44,720 Speaker 3: range today does not mean these lower prices will remain 280 00:18:44,840 --> 00:18:46,560 Speaker 3: at these affordable levels. 281 00:18:48,520 --> 00:18:48,720 Speaker 2: Now. 282 00:18:48,720 --> 00:18:54,200 Speaker 3: Adjusted for inflation, a mid four dollars per BTU gas 283 00:18:54,240 --> 00:18:58,800 Speaker 3: price in two ten would equate to more than six 284 00:18:58,880 --> 00:19:04,200 Speaker 3: dollars and seventy cent today. Now, US gas producers would 285 00:19:04,200 --> 00:19:07,000 Speaker 3: no doubt leap at the chance to market their gas 286 00:19:07,000 --> 00:19:10,400 Speaker 3: at that kind of price, which the IECA describes as 287 00:19:10,720 --> 00:19:14,520 Speaker 3: lower prices and apparently felt to be at sustainable level 288 00:19:14,560 --> 00:19:19,320 Speaker 3: sixteen years ago. But unfortunately for those producers, the Henry 289 00:19:19,359 --> 00:19:22,879 Speaker 3: Hub Index price has hovered at half that level and 290 00:19:23,119 --> 00:19:27,840 Speaker 3: lower throughout those intervening years. The exact same Wall Street 291 00:19:27,920 --> 00:19:31,159 Speaker 3: Journal story also posts Jeremy Grantham, the co founder and 292 00:19:31,200 --> 00:19:37,679 Speaker 3: investment strategist strategists at Boston based GMO, crediting low price 293 00:19:38,000 --> 00:19:42,920 Speaker 3: natural gas US natural gas for providing a big competitive 294 00:19:42,960 --> 00:19:49,199 Speaker 3: advantage to US industrial users. He writes where he's quoted 295 00:19:49,200 --> 00:19:53,200 Speaker 3: in the Wall Street Journal, natural gas accounts, in my opinion, 296 00:19:53,680 --> 00:19:57,600 Speaker 3: for like one hundred percent of the unexpected American surge 297 00:19:57,640 --> 00:20:02,000 Speaker 3: and relative gross domestic product. Everyone who's operating in heavy 298 00:20:02,080 --> 00:20:08,080 Speaker 3: industry is operating Listen to this at one third the 299 00:20:08,200 --> 00:20:13,280 Speaker 3: cost of Europe and Japan because everyone uses natural gas. 300 00:20:14,440 --> 00:20:16,280 Speaker 3: So Tim Stewart, who is the president of the US 301 00:20:16,320 --> 00:20:19,320 Speaker 3: Oil and Gas Association, that's a national trade association that 302 00:20:19,400 --> 00:20:23,200 Speaker 3: represents pretty much a huge swath of domestic gas producers, 303 00:20:24,440 --> 00:20:29,520 Speaker 3: said this. Critics of our industry have frequently tried to 304 00:20:29,560 --> 00:20:33,119 Speaker 3: blame natural gas for a variety of ill since the 305 00:20:33,200 --> 00:20:37,520 Speaker 3: advent of the shale revolution. Fortunately, for US consumers, you 306 00:20:37,640 --> 00:20:42,320 Speaker 3: and me, these claims have always run headlong into reality, 307 00:20:42,920 --> 00:20:46,639 Speaker 3: enabling them to continue enjoying the benefits of this incredibly 308 00:20:46,840 --> 00:20:53,800 Speaker 3: abundant and affordable energy gift. Indeed, reliable data collected and 309 00:20:53,840 --> 00:20:59,560 Speaker 3: published by the EIA, the Energy Information Administration, that illustrates 310 00:20:59,600 --> 00:21:04,400 Speaker 3: how dubbornly affordable cheap is perhaps a better word that 311 00:21:04,520 --> 00:21:07,199 Speaker 3: natural gas has remained to you and me as consumers, 312 00:21:07,600 --> 00:21:10,840 Speaker 3: even as the LNG industry is ramped up their production. 313 00:21:11,720 --> 00:21:15,639 Speaker 3: In a report that was published just last month, the 314 00:21:15,720 --> 00:21:19,359 Speaker 3: EIA projected that the cost of natural gas, which is 315 00:21:19,400 --> 00:21:23,840 Speaker 3: the single biggest fuel source for US power generation, delivered 316 00:21:23,880 --> 00:21:27,880 Speaker 3: to power plants, is expected to average three dollars and 317 00:21:27,920 --> 00:21:32,480 Speaker 3: thirty seven cents per million BTUs until this year, a 318 00:21:32,600 --> 00:21:36,679 Speaker 3: twenty four percent jumped from twenty twenty four, but roughly 319 00:21:36,720 --> 00:21:39,800 Speaker 3: the same as in twenty twenty three. Now, when you 320 00:21:39,840 --> 00:21:43,800 Speaker 3: look at charts that the EIA produces using the final 321 00:21:43,880 --> 00:21:46,960 Speaker 3: average Henry Hub index price for twenty twenty five, that 322 00:21:47,000 --> 00:21:49,320 Speaker 3: price came in at three dollars and fifty two cents 323 00:21:49,520 --> 00:21:53,040 Speaker 3: beat for per BTU. Now, that was an increase from 324 00:21:53,040 --> 00:21:57,480 Speaker 3: twenty twenty four, but it was thirty seven cents lower 325 00:21:57,520 --> 00:22:00,760 Speaker 3: than in twenty twenty one and almost three twenty dollars 326 00:22:00,840 --> 00:22:04,640 Speaker 3: lower than in twenty twenty two. So any real trend 327 00:22:04,920 --> 00:22:09,560 Speaker 3: that might be seemingly apparent in this index, I think 328 00:22:09,600 --> 00:22:12,560 Speaker 3: that's pretty hard to find, and it would involve making 329 00:22:12,640 --> 00:22:15,399 Speaker 3: a whole host of conjectures which may or may not 330 00:22:15,400 --> 00:22:19,760 Speaker 3: turn out to be accurate. The vice president of Economics 331 00:22:19,760 --> 00:22:23,440 Speaker 3: and Research at the American Patrolling Institute used that EIA 332 00:22:23,600 --> 00:22:27,439 Speaker 3: data to compare the Henry Hub Index prices for the 333 00:22:27,480 --> 00:22:31,320 Speaker 3: ten year period before the first LNG shipments began in 334 00:22:31,359 --> 00:22:36,160 Speaker 3: twenty sixteen to the ten years cents over on next. 335 00:22:37,080 --> 00:22:40,800 Speaker 3: His analysis found that the average gas price for the 336 00:22:40,840 --> 00:22:44,080 Speaker 3: earlier period of seven dollars and twenty four cents BTU 337 00:22:44,800 --> 00:22:47,199 Speaker 3: is almost double that of the more recent decade of 338 00:22:47,600 --> 00:22:51,960 Speaker 3: three dollars and seventy eight cents btu. He writes, in 339 00:22:52,119 --> 00:22:57,880 Speaker 3: making this argument, here comes a shocker. Many have cherry 340 00:22:58,000 --> 00:23:02,600 Speaker 3: picked their data, broke the why access on a price chart, 341 00:23:02,760 --> 00:23:05,600 Speaker 3: which I might as as a cardinal sin, or simply 342 00:23:05,600 --> 00:23:09,280 Speaker 3: have no idea what they're talking about. This tired, lazy 343 00:23:09,320 --> 00:23:11,720 Speaker 3: and wrong refrain needs to be put into the proper 344 00:23:11,760 --> 00:23:16,840 Speaker 3: analytical perspective, and to end it so, he makes the 345 00:23:16,920 --> 00:23:21,800 Speaker 3: key points that price comparisons across decades ought to be 346 00:23:21,880 --> 00:23:26,280 Speaker 3: one adjusted for inflation, that any analysis should look across 347 00:23:26,359 --> 00:23:32,080 Speaker 3: all demand sectors, and that US averages can mask regional differences, 348 00:23:32,560 --> 00:23:35,320 Speaker 3: the most important of which he says is access to 349 00:23:35,400 --> 00:23:39,880 Speaker 3: an adequate pipeline capacity. Hey, we're looking at you, New England, 350 00:23:40,080 --> 00:23:45,600 Speaker 3: speaking of inadequate pipeline capacity. So related to that point, 351 00:23:45,920 --> 00:23:51,720 Speaker 3: EIA's data clearly demonstrates that natural gas prices remain low 352 00:23:51,840 --> 00:23:57,359 Speaker 3: in parts of the country where what where governments get 353 00:23:57,440 --> 00:24:01,879 Speaker 3: out of the way of its production and the livery. 354 00:24:02,000 --> 00:24:06,200 Speaker 3: The data shows gases cheap in Texas, it's cheap in Louisiana. 355 00:24:06,840 --> 00:24:10,399 Speaker 3: Why because state governments avoid putting up roadblocks to building 356 00:24:10,440 --> 00:24:13,679 Speaker 3: out new and expanded transmission systems to move that liquid 357 00:24:13,760 --> 00:24:16,240 Speaker 3: natural gas to key markets and to the power stations 358 00:24:16,320 --> 00:24:20,040 Speaker 3: that use it to generate electricity. But prices are much 359 00:24:20,119 --> 00:24:23,800 Speaker 3: higher in places like California, Washington, New York, and of 360 00:24:23,800 --> 00:24:26,679 Speaker 3: course the New England states where all the lawmakers there 361 00:24:26,800 --> 00:24:30,320 Speaker 3: have made it virtually impossible to build or expand the 362 00:24:30,440 --> 00:24:33,879 Speaker 3: needed infrastructure. Think New York Now, I know the mayor 363 00:24:33,920 --> 00:24:38,040 Speaker 3: has nothing to do with the infrastructure outside New York City, 364 00:24:39,240 --> 00:24:42,239 Speaker 3: But when you have that kind of Marxist attitude in 365 00:24:42,320 --> 00:24:44,920 Speaker 3: that state, do you think he's going to do anything 366 00:24:45,240 --> 00:24:49,520 Speaker 3: to provide cheaper liquid natural gas or or just regular 367 00:24:49,600 --> 00:24:54,120 Speaker 3: natural gas to his consumers in his city. No, because 368 00:24:54,160 --> 00:24:58,560 Speaker 3: he's against fossil fuels to begin with. He's against any 369 00:24:58,600 --> 00:25:03,040 Speaker 3: thing like natural gas. That's been a consistent issue that 370 00:25:03,240 --> 00:25:07,119 Speaker 3: impacts the gas industry throughout the twenty first century. And 371 00:25:07,200 --> 00:25:10,240 Speaker 3: this data that I'm talking about is available for anyone 372 00:25:10,920 --> 00:25:14,720 Speaker 3: to not only see, but to use. Now the critics 373 00:25:14,720 --> 00:25:18,920 Speaker 3: try to blame like my rising power bill on the 374 00:25:19,000 --> 00:25:24,440 Speaker 3: volatility of natural gas prices, as if that's something new. Yet, 375 00:25:24,480 --> 00:25:28,480 Speaker 3: gas prices have always been subject to volatility. They rise 376 00:25:28,520 --> 00:25:30,560 Speaker 3: and fall during both the winter and the summer season 377 00:25:30,800 --> 00:25:35,520 Speaker 3: as demand for home heating and power generation ebbs and flows. 378 00:25:36,240 --> 00:25:39,040 Speaker 3: Like the infrastructure issue, this is nothing new, it's not novel. 379 00:25:40,119 --> 00:25:42,639 Speaker 3: The early weeks of this year gave us a clear illustration. 380 00:25:42,760 --> 00:25:47,720 Speaker 3: I think the Henry Hub price index for LNG shot 381 00:25:47,800 --> 00:25:50,240 Speaker 3: up to an average of seven dollars and sixty two 382 00:25:50,280 --> 00:25:53,400 Speaker 3: cents in January because you had a confluence of winter 383 00:25:53,480 --> 00:25:56,680 Speaker 3: storms in Texas, the southern states. You have blizzards and 384 00:25:56,720 --> 00:26:00,280 Speaker 3: weeks of freezing temperatures across the Midwest and northeast. But 385 00:26:00,560 --> 00:26:05,399 Speaker 3: as of yesterday, that very same index price had dropped 386 00:26:05,440 --> 00:26:08,159 Speaker 3: all the way to two dollars and ninety cents. So 387 00:26:08,240 --> 00:26:10,760 Speaker 3: I would think that even the smartest analyst would be 388 00:26:10,800 --> 00:26:14,199 Speaker 3: a great pains to try to prove the proposition that 389 00:26:14,280 --> 00:26:20,400 Speaker 3: somehow LNG exports played any role in creating that dichotomy. Again, 390 00:26:20,440 --> 00:26:23,280 Speaker 3: it's a dichotomy which has been going in an ongoing 391 00:26:23,320 --> 00:26:26,520 Speaker 3: feature in the US natural gas industry since the product 392 00:26:26,600 --> 00:26:31,520 Speaker 3: was deregulated during the Reagan administration. These attempts to blame 393 00:26:31,560 --> 00:26:35,280 Speaker 3: this volatility or rising electric bills on the growth of 394 00:26:35,480 --> 00:26:40,040 Speaker 3: LNG exports, which is one of this country's major modern 395 00:26:40,119 --> 00:26:44,000 Speaker 3: growth industry, is a stretch and it ought to be 396 00:26:44,000 --> 00:26:46,800 Speaker 3: put into proper perspective, and we ought to put him 397 00:26:46,840 --> 00:26:59,520 Speaker 3: into it. This continual attack, continuous attack on the cheap, reliable, sustainable, 398 00:27:00,160 --> 00:27:03,560 Speaker 3: always ready energy that we had because of natural gas, 399 00:27:03,920 --> 00:27:08,760 Speaker 3: cold nukes, oil. At some point they're going to figure 400 00:27:08,760 --> 00:27:13,720 Speaker 3: out that, you know what, we don't buy your crap anymore. 401 00:27:15,720 --> 00:27:20,919 Speaker 3: The secondary of energy has told Chris Wright has told 402 00:27:20,960 --> 00:27:25,840 Speaker 3: the IEA they had a big gathering that you have 403 00:27:25,960 --> 00:27:31,919 Speaker 3: got to focus on energy data embedtering people's lives and 404 00:27:32,000 --> 00:27:37,119 Speaker 3: stop pushing an energy transition that is not going to happen. 405 00:27:38,000 --> 00:27:40,800 Speaker 3: He was pretty clear about it. It is not going 406 00:27:40,960 --> 00:27:44,720 Speaker 3: to happen. Oh I forget, I've want to put up 407 00:27:44,760 --> 00:27:47,719 Speaker 3: my thing. Here's what he says. This organization has been 408 00:27:47,760 --> 00:27:51,399 Speaker 3: pushed off course and for five years published energy scenarios 409 00:27:51,440 --> 00:27:54,280 Speaker 3: going forward, none of which have had any relevance to reality. 410 00:27:54,680 --> 00:27:57,640 Speaker 3: They were all just based on climate ambitions, politics, local 411 00:27:57,640 --> 00:28:02,720 Speaker 3: domestic politics. Do whatever you want. If he said, if 412 00:28:02,760 --> 00:28:06,840 Speaker 3: the European industrial powers want to continue to become former 413 00:28:06,960 --> 00:28:10,320 Speaker 3: industrial powers, well that's your choice. I don't think he 414 00:28:10,359 --> 00:28:12,720 Speaker 3: says it's a great choice, but it is your choice. 415 00:28:13,200 --> 00:28:17,080 Speaker 3: But that's politics that is not relevant to the global 416 00:28:17,200 --> 00:28:21,680 Speaker 3: energy system, or it's not relevant at all to how 417 00:28:21,720 --> 00:28:22,919 Speaker 3: we better people's lives. 418 00:28:24,080 --> 00:28:25,120 Speaker 2: We need to have. 419 00:28:25,960 --> 00:28:30,600 Speaker 3: An information Energy Association focused on energy data and bettering lives. 420 00:28:30,760 --> 00:28:34,840 Speaker 3: Every single report has a net zero twenty fifty case 421 00:28:34,960 --> 00:28:35,239 Speaker 3: in it. 422 00:28:35,640 --> 00:28:36,440 Speaker 2: There is a. 423 00:28:36,720 --> 00:28:40,800 Speaker 3: Zero point zero chance of the world hitting net zero 424 00:28:41,320 --> 00:28:45,640 Speaker 3: in twenty fifty, zero point zero percent. And the attempt 425 00:28:45,640 --> 00:28:48,800 Speaker 3: to do it is zero point zero percent, So stop 426 00:28:48,920 --> 00:28:49,960 Speaker 3: worrying about it. 427 00:28:49,960 --> 00:28:54,400 Speaker 2: It's not going to happen. I love Chris Wright. 428 00:28:55,280 --> 00:28:59,000 Speaker 3: This president has put together a cabinet that just tells 429 00:28:59,000 --> 00:29:01,960 Speaker 3: it like it is and basically saying to the IEA 430 00:29:02,000 --> 00:29:04,320 Speaker 3: and basically saying to all these world organizations, hey, we're 431 00:29:04,320 --> 00:29:07,160 Speaker 3: pulling out. We're no longer going to fund you either. 432 00:29:07,320 --> 00:29:11,440 Speaker 3: Just start giving us the actual data, reliable data. Focus 433 00:29:11,560 --> 00:29:15,800 Speaker 3: on getting more and more energy produced that's reliable and stable, 434 00:29:16,080 --> 00:29:21,080 Speaker 3: that is, provides a baseline, or are moving on. He 435 00:29:21,200 --> 00:29:24,240 Speaker 3: said that the attempt to do so, focusing on twenty 436 00:29:24,320 --> 00:29:29,480 Speaker 3: fifty and net zero, he says it's only had one impact. 437 00:29:30,680 --> 00:29:34,680 Speaker 3: That impact is astonishing. He says, we have spent over 438 00:29:34,840 --> 00:29:41,680 Speaker 3: ten trillion dollars to add two point six percent. So 439 00:29:41,800 --> 00:29:46,080 Speaker 3: if all the world energy, we spent ten trillion dollars 440 00:29:46,520 --> 00:29:49,960 Speaker 3: and we've added two point six percent to the totality 441 00:29:49,960 --> 00:29:52,880 Speaker 3: of energy produced in the world, and that two point 442 00:29:53,000 --> 00:29:58,480 Speaker 3: six percent wind solar batteries and all the extra transmission 443 00:29:58,520 --> 00:30:05,680 Speaker 3: infrastructure combined, and everywhere it's deployed in reasonable penetration rates 444 00:30:06,560 --> 00:30:11,560 Speaker 3: is developed higher electricity prices, so that me you're to 445 00:30:11,680 --> 00:30:16,680 Speaker 3: two point six percent, costing you ten trillion dollars to 446 00:30:16,720 --> 00:30:19,760 Speaker 3: try to get to that zero twenty fifty. That's why 447 00:30:19,840 --> 00:30:22,720 Speaker 3: my electric bill is higher, he says. We've seen in 448 00:30:22,720 --> 00:30:28,040 Speaker 3: the United States, every state within the Renewable Portfolio Standard, 449 00:30:28,720 --> 00:30:34,160 Speaker 3: that's US Colorado, on average fifty percent higher electricity price 450 00:30:34,560 --> 00:30:38,360 Speaker 3: than the other states that did not adopt it. We 451 00:30:38,400 --> 00:30:40,400 Speaker 3: don't want to move industries out of Europe. We don't 452 00:30:40,400 --> 00:30:43,040 Speaker 3: want to, like life more expense even then poverish our people. 453 00:30:43,360 --> 00:30:45,600 Speaker 3: We don't want to take or have to take. We 454 00:30:45,720 --> 00:30:48,960 Speaker 3: don't want to have two million people still dying because 455 00:30:49,000 --> 00:30:51,320 Speaker 3: they don't have clean cooking fuel. We want to better 456 00:30:51,440 --> 00:30:55,360 Speaker 3: energize the world. That's what the IEA was founded for, 457 00:30:55,760 --> 00:30:59,920 Speaker 3: and that's what we expect the IEA to do going forward. 458 00:31:01,400 --> 00:31:05,080 Speaker 3: At some point, we're going to recognize this attack on 459 00:31:05,360 --> 00:31:10,360 Speaker 3: energy has probably met a brick wall. And it's Donald Trump, 460 00:31:10,640 --> 00:31:14,600 Speaker 3: it's Chris Right, it's everybody. It's it's the Department of Interior, 461 00:31:14,800 --> 00:31:19,320 Speaker 3: it's everybody who said enough of this is enough. Ten 462 00:31:19,400 --> 00:31:22,960 Speaker 3: trillion dollars and we've added two point six percent to 463 00:31:23,040 --> 00:31:29,640 Speaker 3: the total energy produced. That's an awfully high cost with 464 00:31:30,200 --> 00:31:32,360 Speaker 3: no benefit whatsoever.