1 00:00:00,120 --> 00:00:02,880 Speaker 1: You're listening to the Situation with Michael Brown on six 2 00:00:02,880 --> 00:00:07,560 Speaker 1: point thirty khow here are your rules of engagement. Text 3 00:00:07,560 --> 00:00:10,640 Speaker 1: the word Mike to three three one oh three. Download 4 00:00:10,680 --> 00:00:13,119 Speaker 1: the free d You iHeartRadio app and be sure to 5 00:00:13,160 --> 00:00:16,680 Speaker 1: favorite two shows, The Situation with Michael Brown and The 6 00:00:16,680 --> 00:00:20,000 Speaker 1: Weekend with Michael Brown. Touch the little red microphone button 7 00:00:20,040 --> 00:00:23,080 Speaker 1: and leave a talkback message if you like. You can 8 00:00:23,079 --> 00:00:26,760 Speaker 1: follow Mike on Twitter, Facebook or Instagram, as well as 9 00:00:26,760 --> 00:00:30,280 Speaker 1: stream the program live, download the podcast, listen to a 10 00:00:30,320 --> 00:00:33,040 Speaker 1: compilation of different talkbacks, and see the various photos and 11 00:00:33,120 --> 00:00:36,800 Speaker 1: stories that Dragon posts. You need to visit Michael says 12 00:00:36,800 --> 00:00:40,400 Speaker 1: go here dot com. Again, that's Michael says, go here 13 00:00:40,479 --> 00:00:42,400 Speaker 1: dot com. So check it out. 14 00:00:42,680 --> 00:00:46,320 Speaker 2: Over to you, Mike, Good morning, gentlemen. Jesse, you're doing 15 00:00:46,360 --> 00:00:50,120 Speaker 2: a great job filling in for the Dragon Redbeard. I 16 00:00:50,159 --> 00:00:52,519 Speaker 2: will say those are big shoes to fill Today. It 17 00:00:52,640 --> 00:00:56,400 Speaker 2: is taxpayer Relief Shots Friday. For those of us playing 18 00:00:56,440 --> 00:01:00,240 Speaker 2: the TPRs bingo at home, you must make sure to 19 00:01:00,280 --> 00:01:04,200 Speaker 2: call out the double clicks by Michael so we can 20 00:01:04,360 --> 00:01:09,200 Speaker 2: accrue our points accurately. Otherwise doing great, have a great Friday, 21 00:01:09,319 --> 00:01:10,120 Speaker 2: enjoy the weekend. 22 00:01:14,240 --> 00:01:18,039 Speaker 3: If we weren't using Adobe Audition Version one point zero. 23 00:01:19,120 --> 00:01:21,880 Speaker 3: I'm not I might not have a problem or a 24 00:01:22,000 --> 00:01:25,240 Speaker 3: mouse that is so old that whatever is on. 25 00:01:25,120 --> 00:01:28,080 Speaker 4: The the bot, I haven't seen one of those since 26 00:01:28,160 --> 00:01:29,000 Speaker 4: the nineties. 27 00:01:29,600 --> 00:01:33,360 Speaker 3: That's awesome, thank you, thank you, because the dragon would 28 00:01:33,400 --> 00:01:35,720 Speaker 3: have lied about it and said, what's wrong with that mouse? 29 00:01:36,520 --> 00:01:38,080 Speaker 3: And to your point, you haven't seen one of these 30 00:01:38,080 --> 00:01:39,200 Speaker 3: since nineteen ninety two? 31 00:01:39,319 --> 00:01:39,720 Speaker 4: Correct? 32 00:01:39,800 --> 00:01:46,480 Speaker 3: Yeah, good, agree here, let's do some good energy news 33 00:01:46,760 --> 00:01:50,560 Speaker 3: rights Friday's let's let's have some good energy news. Ge 34 00:01:51,120 --> 00:01:57,920 Speaker 3: Vernova has swung to profits as their orders are beginning 35 00:01:57,920 --> 00:02:02,960 Speaker 3: to soar, and was probably the least surprising headline of 36 00:02:03,000 --> 00:02:06,600 Speaker 3: the week. News comes that this company is now making 37 00:02:06,640 --> 00:02:10,040 Speaker 3: big profits, But the writers of the Wall Street Journal 38 00:02:10,120 --> 00:02:13,880 Speaker 3: article that told us about this story carefully bury the 39 00:02:13,919 --> 00:02:19,240 Speaker 3: story's lead. As you will hear in just a minute, say, 40 00:02:18,680 --> 00:02:23,720 Speaker 3: guess who do you think is the largest maker of 41 00:02:24,040 --> 00:02:29,160 Speaker 3: natural gas turbines on the face of the earth? Yep, 42 00:02:29,600 --> 00:02:33,519 Speaker 3: it's a company called ge ver Nova. So which companies 43 00:02:33,560 --> 00:02:38,320 Speaker 3: are building the most gas turbine capacity gere ge ver Nova, 44 00:02:38,680 --> 00:02:44,359 Speaker 3: Siemens Energy, Mitsubushi Power, Dongfang Electric Corporation, and Sauda energya 45 00:02:44,919 --> 00:02:49,799 Speaker 3: ge Saudi Advanced Turbines, map In Corporation, Harbor Electric Power Machines, 46 00:02:50,120 --> 00:02:56,000 Speaker 3: Shangha excuse me, Shanghai Electric, Duson Interability Company, A Triple C, 47 00:02:56,200 --> 00:02:59,679 Speaker 3: A Double C gas turbine, and Rostech United Engine Corporation. 48 00:03:01,320 --> 00:03:05,760 Speaker 3: Ge Vernova surpasses almost all of those except Siemens by 49 00:03:06,200 --> 00:03:09,919 Speaker 3: orders of magnitude. They're up to like fifty gigawatts or so. 50 00:03:11,639 --> 00:03:15,639 Speaker 3: Now I had to go search for that chart to 51 00:03:15,680 --> 00:03:20,080 Speaker 3: see who that list, because the Wall Street Journal they 52 00:03:20,120 --> 00:03:26,160 Speaker 3: ain't gonna prim it amazingly, the climate alarm narrative, the 53 00:03:26,200 --> 00:03:29,600 Speaker 3: congregants in the church of the climate activists, the pushers 54 00:03:29,680 --> 00:03:32,400 Speaker 3: who some of the members, and the reporters. I've told 55 00:03:32,440 --> 00:03:34,680 Speaker 3: you before. The Wall Street Journal is a great newspaper 56 00:03:35,280 --> 00:03:38,920 Speaker 3: on the editorial page and the financial page is pretty 57 00:03:38,920 --> 00:03:41,960 Speaker 3: good too, But the newspages, well, it's just another member 58 00:03:41,960 --> 00:03:45,720 Speaker 3: of the cabal. They managed to write an entire article 59 00:03:46,320 --> 00:03:50,200 Speaker 3: without bothering to mention the key fact that ge Vernova's 60 00:03:50,320 --> 00:03:55,160 Speaker 3: orders for natural gas turbines has skyrocketed in the past 61 00:03:55,240 --> 00:03:58,840 Speaker 3: year because of the demand from big tech companies who 62 00:03:58,920 --> 00:04:03,880 Speaker 3: view natural gas as the best fit for purpose power generation. 63 00:04:04,720 --> 00:04:07,880 Speaker 3: It's going to what fill the huge needs of their 64 00:04:08,000 --> 00:04:11,840 Speaker 3: data centers. Kind of funny how that works out, isn't it. 65 00:04:12,960 --> 00:04:16,280 Speaker 3: Now I want you to check out how the Wall 66 00:04:16,320 --> 00:04:22,000 Speaker 3: Street Journal avoids that topic in these tortured paragraphs from 67 00:04:22,040 --> 00:04:24,480 Speaker 3: the Wall Street Journal. Now, I did want to bury 68 00:04:24,520 --> 00:04:26,160 Speaker 3: the league because I want you to know. I want 69 00:04:26,200 --> 00:04:28,680 Speaker 3: you to be able to compare and contrast what I've 70 00:04:28,760 --> 00:04:31,400 Speaker 3: just told you with what I read in the Wall 71 00:04:31,400 --> 00:04:34,880 Speaker 3: Street Journal. So we now know that GeV ver Nova 72 00:04:35,680 --> 00:04:39,640 Speaker 3: they've swung to the profit side. They're now the largest 73 00:04:40,120 --> 00:04:44,040 Speaker 3: builder of natural gas turbines on the face of the planet. 74 00:04:45,000 --> 00:04:50,640 Speaker 3: So here's the Wall Street Journal article. Orders were up 75 00:04:50,720 --> 00:04:54,520 Speaker 3: fifty five percent on an organic basis at fourteen point 76 00:04:54,560 --> 00:04:59,039 Speaker 3: six million dollars, led by robust equipment growth as its 77 00:04:59,200 --> 00:05:04,800 Speaker 3: power and and electrification divisions, said GeV or Tive. The 78 00:05:04,839 --> 00:05:08,719 Speaker 3: power unit alone saw a fifty percent jump in orders 79 00:05:08,720 --> 00:05:12,160 Speaker 3: to seven point eight billion dollars and a fifteen percent 80 00:05:12,240 --> 00:05:16,800 Speaker 3: gain in revenue. The Cambridge, Massachusetts Companies said it's wind 81 00:05:16,960 --> 00:05:21,760 Speaker 3: segment saw orders rise four percent to one point eight billion, 82 00:05:22,279 --> 00:05:26,400 Speaker 3: while orders in the electrification business about double to five 83 00:05:26,440 --> 00:05:31,640 Speaker 3: point one billion, driven by strong demand for grid equipment 84 00:05:31,960 --> 00:05:39,200 Speaker 3: in the Middle East, North America and Europe, robust equipment growth, 85 00:05:40,560 --> 00:05:47,159 Speaker 3: what equipment in the company's electrification business, electrification of what? 86 00:05:48,400 --> 00:05:52,560 Speaker 3: The answers never come because those answers are inconvenient to 87 00:05:52,640 --> 00:05:55,040 Speaker 3: the narrative or to the gospel of the church of 88 00:05:55,080 --> 00:05:58,640 Speaker 3: the climate activists. So tiresome behaves the Wall Street Journal, 89 00:05:58,680 --> 00:06:01,960 Speaker 3: after all, So what else would you expect? So I 90 00:06:01,960 --> 00:06:03,800 Speaker 3: thought that was a pretty good story. I was kind 91 00:06:03,800 --> 00:06:08,919 Speaker 3: of glad to hear that. In other news India, India 92 00:06:09,120 --> 00:06:14,480 Speaker 3: is poised to sharply cut Russian oil imports after Trump 93 00:06:14,560 --> 00:06:20,880 Speaker 3: imposed the sanctions. Now this weird Reuter's story strives to 94 00:06:20,880 --> 00:06:23,200 Speaker 3: ignore the fact that one of the main sources of 95 00:06:23,240 --> 00:06:28,799 Speaker 3: this information from Wednesday just happened to be some unknown 96 00:06:28,880 --> 00:06:31,640 Speaker 3: guy by the name of Donald J. Trump. I have 97 00:06:31,720 --> 00:06:34,360 Speaker 3: no idea why they didn't want to, Like, I guess 98 00:06:34,400 --> 00:06:35,880 Speaker 3: they didn't want to give his name because it was 99 00:06:35,920 --> 00:06:41,039 Speaker 3: like nobody. So if they just said that, you know sources, 100 00:06:41,920 --> 00:06:45,640 Speaker 3: they don't have to mention Donald Trump's name. Interesting how 101 00:06:46,880 --> 00:06:52,839 Speaker 3: so subliminally somebody like Reuter's wants to make sure you 102 00:06:52,920 --> 00:06:56,839 Speaker 3: think that maybe somebody else is the reason for this, 103 00:06:57,000 --> 00:06:59,839 Speaker 3: not Donald Trump and of course we should throw in 104 00:07:00,000 --> 00:07:03,400 Speaker 3: Treasury Secretary Scott Bessent too, both of whom had weighed 105 00:07:03,400 --> 00:07:06,440 Speaker 3: in before the peace went live on the Reuter's website. 106 00:07:07,800 --> 00:07:12,000 Speaker 3: But unlike the writers in the Wall Street Journal story, 107 00:07:12,160 --> 00:07:16,080 Speaker 3: the Reuter's piece does get to the important lead here 108 00:07:16,600 --> 00:07:19,120 Speaker 3: by pointing out that at least that at least some 109 00:07:20,000 --> 00:07:23,800 Speaker 3: of India's biggest privately held refiners do plan to follow 110 00:07:23,800 --> 00:07:26,520 Speaker 3: the government's lead in addition to the state owned refiners. 111 00:07:26,920 --> 00:07:29,880 Speaker 3: Now that's really a huge step, and it's a big 112 00:07:29,920 --> 00:07:33,040 Speaker 3: difference from President Trump's statements about the matter in the 113 00:07:33,040 --> 00:07:37,280 Speaker 3: Oval Office last week. As a result of the private commitments, 114 00:07:38,120 --> 00:07:43,240 Speaker 3: the price of WTI that crude shot up by more 115 00:07:43,280 --> 00:07:48,720 Speaker 3: than three dollars a barrow overnight. Here's the article, Privately 116 00:07:48,760 --> 00:07:52,960 Speaker 3: owned Reliance Industries opens new tab. The top Indian buyer 117 00:07:53,080 --> 00:07:56,440 Speaker 3: Russian crude plans to reduce or halt completely it's import 118 00:07:56,440 --> 00:08:01,200 Speaker 3: of Russian oil. According to two sources, every time I 119 00:08:01,240 --> 00:08:04,880 Speaker 3: read this, I laugh. According to two sources familiar with 120 00:08:04,920 --> 00:08:10,800 Speaker 3: the matter, yes, Donald J. Trump Scott descent, but we 121 00:08:10,840 --> 00:08:14,240 Speaker 3: can't name them yet because well, that might be giving 122 00:08:14,440 --> 00:08:16,440 Speaker 3: the president a little bit of credit. And lord knows, 123 00:08:16,440 --> 00:08:22,040 Speaker 3: we don't want to do that. Recalibration the Reuter's story continues. 124 00:08:22,480 --> 00:08:26,760 Speaker 3: Recalibration of Russian oil imports is ongoing, and Reliance will 125 00:08:26,800 --> 00:08:30,880 Speaker 3: be fully aligned to Government of India guidelines, a Reliance 126 00:08:30,920 --> 00:08:33,400 Speaker 3: spokesman said in a response to a query on whether 127 00:08:33,480 --> 00:08:38,720 Speaker 3: the company plans to cut its crude imports from Russia now. 128 00:08:38,840 --> 00:08:42,560 Speaker 3: So far in the first two paragraphs of at least 129 00:08:42,559 --> 00:08:45,800 Speaker 3: from this excerpt from the story, you wouldn't have any 130 00:08:45,880 --> 00:08:50,040 Speaker 3: idea that this is in response that the Indian government 131 00:08:50,080 --> 00:08:55,320 Speaker 3: is responding affirmatively to Trump imposing some really serious sanctions 132 00:08:55,320 --> 00:08:58,079 Speaker 3: in Russia. I don't want to get off too far 133 00:08:58,120 --> 00:09:02,319 Speaker 3: off base here, but Trump's finally reached his boiling point. 134 00:09:02,679 --> 00:09:08,000 Speaker 3: He's finally reached his frustration level has kind of gotten 135 00:09:08,040 --> 00:09:10,040 Speaker 3: to one hundred and five degrees temperature. He needs he 136 00:09:10,080 --> 00:09:13,400 Speaker 3: needs some ibuprofen or something because he's really pissed off. 137 00:09:13,559 --> 00:09:16,679 Speaker 3: But Broder just doesn't want you to know that. Story continues. 138 00:09:18,000 --> 00:09:22,800 Speaker 3: Indian state refiners, including Indian Oil Corp, Barought Petroleum Corporation 139 00:09:22,920 --> 00:09:27,720 Speaker 3: and Hindustan Petroleum Corporation, are also reviewing their Russian oil 140 00:09:27,760 --> 00:09:31,480 Speaker 3: trade documents to ensure no supply will be coming directly 141 00:09:31,480 --> 00:09:35,160 Speaker 3: from Rosnet Luck and Luke Oil after the US sanction. 142 00:09:35,720 --> 00:09:38,880 Speaker 3: After the US sanction the oil companies, a source with 143 00:09:39,120 --> 00:09:42,319 Speaker 3: direct knowledge of the matter said on Thursday, So now 144 00:09:42,360 --> 00:09:46,040 Speaker 3: we've gotten to the third paragraph of the story and 145 00:09:46,080 --> 00:09:51,560 Speaker 3: now still don't mention Trump or Bessent, just two sources 146 00:09:51,559 --> 00:09:56,320 Speaker 3: with direct knowledge, but they do finally admit that it 147 00:09:56,400 --> 00:10:00,480 Speaker 3: is in response to the US sanction of oil companies. 148 00:10:01,080 --> 00:10:07,079 Speaker 3: Good story continues. India's oil ministry and the state refiners 149 00:10:07,080 --> 00:10:10,880 Speaker 3: did not immediate respond to requests for comment. Quote, there 150 00:10:10,920 --> 00:10:13,760 Speaker 3: will be a massive cut. We don't anticipate it will 151 00:10:13,800 --> 00:10:16,559 Speaker 3: go to zero immediately, as there will be some barrels 152 00:10:16,600 --> 00:10:20,400 Speaker 3: coming into the market via intermediaries, a refinery source said, 153 00:10:20,760 --> 00:10:23,560 Speaker 3: declining to be named as they were not authorized to 154 00:10:23,559 --> 00:10:27,560 Speaker 3: speak with the media. If you ever wondered that I 155 00:10:27,800 --> 00:10:33,000 Speaker 3: kind of exaggerate about how the cabal tries to propagandize, 156 00:10:33,320 --> 00:10:37,559 Speaker 3: tries to mislead, and sometimes it's very direct and sometimes 157 00:10:37,600 --> 00:10:41,440 Speaker 3: it's very subtle. In this case, it's very subtle because 158 00:10:41,760 --> 00:10:43,920 Speaker 3: you've got to read and read and read before you 159 00:10:44,000 --> 00:10:46,720 Speaker 3: find out, Oh, this is in direct response to Trump 160 00:10:46,800 --> 00:10:51,000 Speaker 3: imposing sanctions on Russian oil and in the case of 161 00:10:51,240 --> 00:10:54,959 Speaker 3: ge you really have to dig and dig and dig, 162 00:10:55,440 --> 00:10:59,880 Speaker 3: and you finally find out, oh, they're doing natural g 163 00:11:00,120 --> 00:11:05,720 Speaker 3: asked turbines. Because anytime you hear turbinds or electrification, you 164 00:11:05,800 --> 00:11:11,880 Speaker 3: think what wind and solar? No follow the money, follow 165 00:11:11,880 --> 00:11:14,559 Speaker 3: the market. What are the markets doing? The markets are 166 00:11:14,960 --> 00:11:17,840 Speaker 3: I think, I think this is fantastic news, the markets 167 00:11:17,840 --> 00:11:20,640 Speaker 3: that are looking into the future and saying, yeah, this 168 00:11:20,679 --> 00:11:25,679 Speaker 3: whole bullcrap about green energy renewables, that's not going to 169 00:11:25,720 --> 00:11:29,480 Speaker 3: allow us to electrify. Remember the little ready killawak guy. 170 00:11:29,840 --> 00:11:32,199 Speaker 3: We all want to you know, electric kitchens. You'll sit 171 00:11:32,280 --> 00:11:35,400 Speaker 3: in County of Denver, gotta electrify everything. We don't have 172 00:11:35,440 --> 00:11:39,920 Speaker 3: the power that we do not have the baseline power 173 00:11:40,000 --> 00:11:44,960 Speaker 3: to do that. And Excel Energy knows it. So they're 174 00:11:45,040 --> 00:11:46,880 Speaker 3: going to continue to lie about it, as is the 175 00:11:46,920 --> 00:11:51,800 Speaker 3: state of Colorado. But also the cabal is lying about it. 176 00:11:51,920 --> 00:11:55,559 Speaker 3: Wall Street journals lying about it, Reuters is lying about it. 177 00:11:56,160 --> 00:11:59,920 Speaker 3: Until you get to the realization that, oh, these are 178 00:12:00,160 --> 00:12:09,040 Speaker 3: natural gas turbines. Then CNBC. I'm ambivalent about CNBC, but 179 00:12:09,120 --> 00:12:14,120 Speaker 3: their headline is on their daily open Tesla's increased costs 180 00:12:14,760 --> 00:12:20,920 Speaker 3: outweight its revenue it's revenue growth, Tesla's increased cost outweighed 181 00:12:20,920 --> 00:12:26,439 Speaker 3: its revenue growth. Here's the story. Well, I don't give 182 00:12:26,440 --> 00:12:28,439 Speaker 3: you a story yet, but I think this is kind 183 00:12:28,440 --> 00:12:32,840 Speaker 3: of expected. Elon Musk was able to boast about record 184 00:12:32,920 --> 00:12:36,520 Speaker 3: high third quarter orders on his earnings call because buyers 185 00:12:36,520 --> 00:12:40,680 Speaker 3: were rushing to secure EV's. But why are buyers rushing 186 00:12:40,720 --> 00:12:44,840 Speaker 3: to secure EV's If you've always wanted to have an 187 00:12:44,840 --> 00:12:48,560 Speaker 3: electric vehicle, which you know, as I've said before, that's fine, 188 00:12:48,920 --> 00:12:52,000 Speaker 3: Just don't tell me you're saving the planet and don't 189 00:12:52,040 --> 00:12:56,640 Speaker 3: expect me to help pay for it. Oh maybe that's 190 00:12:56,679 --> 00:13:00,679 Speaker 3: exactly why they're rushing to buy EV's right now. Because 191 00:13:00,800 --> 00:13:07,120 Speaker 3: the big Inflation Reduction Acts subsidies expired on September thirtieth, HM. 192 00:13:08,440 --> 00:13:14,520 Speaker 3: But investors have responded negatively because the company's costs rose 193 00:13:14,600 --> 00:13:17,920 Speaker 3: dramatically and their profits failed by about thirty seven percent 194 00:13:17,960 --> 00:13:22,439 Speaker 3: as a result. And that interesting how that works. You 195 00:13:22,480 --> 00:13:29,840 Speaker 3: subsidize something and then costs go up. Yeah, so costs 196 00:13:29,960 --> 00:13:34,520 Speaker 3: rose because subsidies don't exist anymore. Profits fail by thirty 197 00:13:34,559 --> 00:13:39,320 Speaker 3: seven percent. Here's the key excerpt from the CNBC story 198 00:13:40,280 --> 00:13:45,800 Speaker 3: Revenue at Elon Musk's electric vehic Electric vehic vehicle company 199 00:13:46,400 --> 00:13:49,679 Speaker 3: rose twelve percent year on year, the first increase in 200 00:13:49,760 --> 00:13:54,959 Speaker 3: three quarters, Despite that net income plunged thirty seven percent 201 00:13:55,040 --> 00:14:01,760 Speaker 3: from a year earlier. The culprits lower vehicle presumably in 202 00:14:01,800 --> 00:14:06,280 Speaker 3: a bid to compete with Chinese manufacturers that are vacuuming 203 00:14:06,360 --> 00:14:10,560 Speaker 3: up market share, as well as a fifty percent increase 204 00:14:10,600 --> 00:14:15,960 Speaker 3: in operating expenses, partly due to artificial intelligence and other 205 00:14:16,200 --> 00:14:21,000 Speaker 3: R and D projects, all according to Tesla. Investors didn't 206 00:14:21,040 --> 00:14:25,200 Speaker 3: appear too pleased by Tesla's after the Bell report, sending 207 00:14:25,240 --> 00:14:28,560 Speaker 3: it shares three point eight percent lower in extended training 208 00:14:28,640 --> 00:14:33,160 Speaker 3: after hours trading. The company's earnings report followed disappointing ones 209 00:14:33,160 --> 00:14:37,800 Speaker 3: from Netflix and Texas Instruments the day prior, which caused 210 00:14:37,800 --> 00:14:40,800 Speaker 3: their shares to sink ten and five point six percent, 211 00:14:40,840 --> 00:14:48,000 Speaker 3: respectively during regular trading Wednesday. State side, you get rid 212 00:14:48,000 --> 00:14:53,760 Speaker 3: of evs now, demand a sword because the EV rebates 213 00:14:53,800 --> 00:14:57,840 Speaker 3: and incentives are going away. So the people that really 214 00:14:57,880 --> 00:15:01,080 Speaker 3: did want one are just rushing to buy them now 215 00:15:01,520 --> 00:15:05,520 Speaker 3: because well, I'm helping to pay for it. You're helping 216 00:15:05,560 --> 00:15:08,480 Speaker 3: to pay for it. All taxpayers are helping to pay 217 00:15:08,520 --> 00:15:11,120 Speaker 3: for it. But that's going away. So of course they're 218 00:15:11,120 --> 00:15:12,760 Speaker 3: going to run and buy it now, because that's free 219 00:15:12,800 --> 00:15:16,040 Speaker 3: money to them. Not free money, but it's free money 220 00:15:16,080 --> 00:15:19,400 Speaker 3: to them. What they don't realize is they're actually helping 221 00:15:19,400 --> 00:15:22,280 Speaker 3: to pay for it too. This shows how stupid p 222 00:15:22,280 --> 00:15:25,600 Speaker 3: people are about money and taxes and subsidies. Then there's 223 00:15:25,640 --> 00:15:31,360 Speaker 3: another story. The United States and Cutter are now warning 224 00:15:31,440 --> 00:15:35,880 Speaker 3: the European Union that a new regulation that they're imposing 225 00:15:36,480 --> 00:15:42,760 Speaker 3: could disrupt liquid natural guess exports Chris Wright. We praised 226 00:15:42,840 --> 00:15:48,640 Speaker 3: Chris Wright's efforts earlier this week. Join Katari energy Minister 227 00:15:48,800 --> 00:15:52,760 Speaker 3: Sad Shari A Khaibi whatever the hell it is, in 228 00:15:52,800 --> 00:15:56,720 Speaker 3: an open letter to EU President Ursula von dur Lovelle, 229 00:15:57,160 --> 00:16:00,560 Speaker 3: warning that it's new CS three D law, explain that 230 00:16:00,560 --> 00:16:04,160 Speaker 3: in a second could result in a loss of access 231 00:16:05,080 --> 00:16:10,240 Speaker 3: to American and Cutter liquid natural gas. Now, that would 232 00:16:10,240 --> 00:16:15,200 Speaker 3: be a huge hit to EU countries which have become 233 00:16:15,400 --> 00:16:20,880 Speaker 3: extremely reliant on liquid natural gas imports for two reasons, 234 00:16:21,280 --> 00:16:26,280 Speaker 3: to displace Russian natural gas imports, and also because many 235 00:16:26,320 --> 00:16:30,800 Speaker 3: of these EU countries went full in on green renewables 236 00:16:31,280 --> 00:16:35,400 Speaker 3: and then suddenly as demand rose, they realized, oh they 237 00:16:35,440 --> 00:16:39,240 Speaker 3: can't meet that demand. What is this stupid law. I 238 00:16:39,800 --> 00:16:42,680 Speaker 3: had to go look it up, the CS three D. 239 00:16:43,280 --> 00:16:49,280 Speaker 3: It's the Corporate Sustainability Due Diligence directed. That's an EU law, 240 00:16:49,600 --> 00:16:53,360 Speaker 3: don't I do not understand why these these member countries 241 00:16:53,400 --> 00:16:58,480 Speaker 3: stay a part of the EU establishing binding obligations on 242 00:16:58,680 --> 00:17:06,560 Speaker 3: large companies to monitor, prevent and mitigate environmental and human 243 00:17:06,640 --> 00:17:12,840 Speaker 3: rights abuses throughout their global operations and supply chains. It's 244 00:17:12,960 --> 00:17:17,680 Speaker 3: trying to ensure that companies take proactive responsibility for sustainability. 245 00:17:18,600 --> 00:17:21,280 Speaker 3: A bunch of bull craft and ethical conduct. I have 246 00:17:21,359 --> 00:17:24,880 Speaker 3: no problem with the ethical conduct. So an EU company 247 00:17:24,880 --> 00:17:28,000 Speaker 3: that has more than a thousand employees and an annual 248 00:17:28,000 --> 00:17:31,399 Speaker 3: global turnover above four hundred and fifty four hundred and 249 00:17:31,400 --> 00:17:36,280 Speaker 3: fifty million euros, non EU companies generating more than four 250 00:17:36,359 --> 00:17:40,520 Speaker 3: hundred and fifty million euros in EU turnover, and certain 251 00:17:40,560 --> 00:17:46,120 Speaker 3: franchise and licensing groups exceeding another certain amounts. So they 252 00:17:46,160 --> 00:17:48,160 Speaker 3: have to do these things. They got to conduct human 253 00:17:48,240 --> 00:17:52,080 Speaker 3: rights and environmental due diligence across all operations. They have 254 00:17:52,119 --> 00:17:57,359 Speaker 3: to establish climate transition plans consistent with the Paris Accords, 255 00:17:57,400 --> 00:18:01,320 Speaker 3: the Paris Climate Agreement. Then they have to identify, mitigate 256 00:18:01,359 --> 00:18:06,520 Speaker 3: and prevent adverse impacts such as child labor. Okay, that's fine, 257 00:18:06,880 --> 00:18:12,040 Speaker 3: pollution and biodiversity loss. You cut down a tree, you're 258 00:18:12,040 --> 00:18:16,040 Speaker 3: going to have to report it. You paved over some grassland, 259 00:18:16,520 --> 00:18:18,879 Speaker 3: you're going to report it. And then you have to 260 00:18:18,920 --> 00:18:21,800 Speaker 3: account for it too. Then, on top of all of that, 261 00:18:21,880 --> 00:18:25,560 Speaker 3: they have to integrate due diligence responsibilities into their corporate 262 00:18:25,560 --> 00:18:29,359 Speaker 3: policies risk management systems. I'm all for that, and of 263 00:18:29,400 --> 00:18:34,320 Speaker 3: course account for all their business relationships. Really, what business 264 00:18:34,359 --> 00:18:39,240 Speaker 3: is that of the EU? Your business relationships? Anyway, The 265 00:18:39,280 --> 00:18:44,480 Speaker 3: whole point of all of that is simply this the 266 00:18:44,600 --> 00:18:47,800 Speaker 3: United States, and Cutter has warned the United Nations the 267 00:18:47,880 --> 00:18:51,720 Speaker 3: European Union that you know, this may cost you the 268 00:18:51,760 --> 00:18:57,159 Speaker 3: ability to access American and Katari liquid fied natural gas. 269 00:18:57,760 --> 00:19:00,280 Speaker 3: You might have a cold winter again, Jesse. 270 00:19:00,440 --> 00:19:03,000 Speaker 5: As a reminder, you're going to need to tell Michael 271 00:19:03,040 --> 00:19:08,399 Speaker 5: to double click multiple times in the taxpayer Relief shot hour. 272 00:19:09,640 --> 00:19:13,359 Speaker 4: I didn't know this was such a problem. Epidemic sounds 273 00:19:13,400 --> 00:19:15,280 Speaker 4: like Michael. 274 00:19:15,359 --> 00:19:19,040 Speaker 3: It's epidemic. Although I have to say that last Friday 275 00:19:19,520 --> 00:19:22,840 Speaker 3: I got through the entire hour without one screw up. 276 00:19:23,480 --> 00:19:25,199 Speaker 4: Confidence is high on this end. I think you're going 277 00:19:25,240 --> 00:19:27,800 Speaker 4: to do great today. Yeah, well, I do appreciate the 278 00:19:27,840 --> 00:19:30,359 Speaker 4: goober's telling me though to watch out. I appreciate it. 279 00:19:30,400 --> 00:19:32,320 Speaker 3: Well. And what they don't tell you what they what 280 00:19:32,400 --> 00:19:36,639 Speaker 3: they leave you know, they lie to you by omission 281 00:19:37,320 --> 00:19:40,199 Speaker 3: by not telling you one this. First of all, you 282 00:19:40,240 --> 00:19:43,040 Speaker 3: know we have we have the computer that you used 283 00:19:43,040 --> 00:19:46,240 Speaker 3: in high school. Yeah, that's those that's the computer system 284 00:19:46,280 --> 00:19:50,560 Speaker 3: we have. Then at home, I've got Adobe Audition, like 285 00:19:50,760 --> 00:19:55,240 Speaker 3: I don't know version and sixty seven. This is Adobe 286 00:19:55,320 --> 00:19:58,840 Speaker 3: Audition version one point zero. And we're operating on a 287 00:19:58,880 --> 00:20:02,719 Speaker 3: Windows system. That's still Bill says over here, you need 288 00:20:02,760 --> 00:20:04,639 Speaker 3: to activate Windows to be able to use it. 289 00:20:05,040 --> 00:20:08,320 Speaker 4: But other than that, they're giving us every opportunity to succeed. 290 00:20:08,640 --> 00:20:13,800 Speaker 3: Absolutely, they are here to make us successful. And then, 291 00:20:13,880 --> 00:20:16,560 Speaker 3: as I pointed out, I have the lovely wired mouse 292 00:20:16,600 --> 00:20:23,879 Speaker 3: here that is just like really nasty. I don't know 293 00:20:23,880 --> 00:20:27,080 Speaker 3: the last I think. This is the only place in 294 00:20:27,720 --> 00:20:31,639 Speaker 3: my entire universe of ordinary life outside this building. This 295 00:20:31,760 --> 00:20:35,320 Speaker 3: is the only place I see a wired mouse. Like 296 00:20:35,359 --> 00:20:38,200 Speaker 3: I said, a wired mouse is that are little cubicles? No, 297 00:20:38,800 --> 00:20:42,239 Speaker 3: but in here where we actually produce the product. No, 298 00:20:42,400 --> 00:20:45,680 Speaker 3: we have a wired mouse and it's older than dirt. 299 00:20:45,960 --> 00:20:50,080 Speaker 3: And so when I'm clicking on the like all double click. 300 00:20:50,160 --> 00:20:54,160 Speaker 3: Now I've got a taxpayer relief shop lined up to play. 301 00:20:54,200 --> 00:20:56,879 Speaker 3: I would hip play. But if I then go to 302 00:20:57,040 --> 00:21:01,960 Speaker 3: move the mouse, I know this is like me too defensive, right, No, 303 00:21:02,200 --> 00:21:04,480 Speaker 3: you know I'm lying. So then when I go to 304 00:21:04,560 --> 00:21:06,920 Speaker 3: move the mouse to get ready for the next one, 305 00:21:07,080 --> 00:21:10,520 Speaker 3: to double click, yet it takes the blue highlight off 306 00:21:10,560 --> 00:21:14,159 Speaker 3: the one that's playing. So then when I play the 307 00:21:14,200 --> 00:21:16,440 Speaker 3: next one, it repeats and plays the old one. 308 00:21:17,640 --> 00:21:19,920 Speaker 4: Well, we're not going to run into that today. Confidence 309 00:21:19,960 --> 00:21:23,240 Speaker 4: is high, Michael. Confidence is high. 310 00:21:23,640 --> 00:21:26,199 Speaker 3: You're the guy that cheated off test with Chauncey Billups. 311 00:21:26,240 --> 00:21:27,760 Speaker 4: That's correct, and you. 312 00:21:31,800 --> 00:21:33,600 Speaker 3: I think you can assume me for that for defamation 313 00:21:33,680 --> 00:21:36,040 Speaker 3: right there. I think the only problem is I have 314 00:21:36,080 --> 00:21:36,720 Speaker 3: no assets. 315 00:21:36,760 --> 00:21:40,560 Speaker 4: So you know, they just swed a picture of Yeah, 316 00:21:40,720 --> 00:21:42,399 Speaker 4: they just showed a picture of him walking out of 317 00:21:42,440 --> 00:21:46,800 Speaker 4: the jail in Portland. It's crazy. Yeah, oh my, so 318 00:21:46,840 --> 00:21:48,760 Speaker 4: he turned him into Yeah, they booked him for a 319 00:21:48,800 --> 00:21:50,479 Speaker 4: little bit, I think, and then they purp walked him 320 00:21:50,480 --> 00:21:51,959 Speaker 4: out of there with his wife. It's crazy. 321 00:21:52,000 --> 00:21:55,640 Speaker 3: Oh my god, have they shown the the photo yet? 322 00:21:55,840 --> 00:21:59,120 Speaker 4: No, Well, there's not any stills. I just saw a video. 323 00:21:59,400 --> 00:22:02,280 Speaker 3: Yeah, no, none, none of them. 324 00:22:02,520 --> 00:22:05,520 Speaker 4: No no, no, no, no, no, not like the small down 325 00:22:05,600 --> 00:22:06,840 Speaker 4: crime family or whatever. 326 00:22:07,840 --> 00:22:12,920 Speaker 3: Oh my uh in something just this crazy. The former 327 00:22:12,960 --> 00:22:15,520 Speaker 3: Speaker of the House, Nancy Pelosi, in a joint statement 328 00:22:15,560 --> 00:22:20,720 Speaker 3: with another California congressman, Kevin Mullen, is suggesting that law 329 00:22:20,800 --> 00:22:27,720 Speaker 3: enforcement authorities in California should arrest federal agents who violate 330 00:22:27,800 --> 00:22:34,040 Speaker 3: California law while enforcing federal immigration law. She says, oh, 331 00:22:34,040 --> 00:22:38,800 Speaker 3: they wrote reports of a planned mass immigration raid in 332 00:22:38,840 --> 00:22:44,080 Speaker 3: the Bay Area are an appalling abuse of law enforcement power. Now, 333 00:22:44,080 --> 00:22:47,040 Speaker 3: before I go on, can someone explain to me how 334 00:22:47,080 --> 00:22:52,640 Speaker 3: that is. You're you're going to do a mass raid 335 00:22:53,160 --> 00:22:55,639 Speaker 3: and you're going to target now when you do a 336 00:22:55,640 --> 00:22:59,119 Speaker 3: mass raid, I mean, come on. We go back to 337 00:22:59,160 --> 00:23:05,879 Speaker 3: the movies again. So they raise the saloon because they 338 00:23:05,880 --> 00:23:10,560 Speaker 3: think there's some ilegal gambling going on. Do they arrest everybody? 339 00:23:10,640 --> 00:23:14,920 Speaker 3: They might detain everybody, but then they start checking you know, oh, 340 00:23:15,240 --> 00:23:17,400 Speaker 3: you were just sitting at the bar drinking, We're gonna 341 00:23:17,480 --> 00:23:20,480 Speaker 3: let you go, or oh, you were actually in the bathroom, 342 00:23:20,520 --> 00:23:22,359 Speaker 3: so you know, we may let you go, or you 343 00:23:22,560 --> 00:23:24,119 Speaker 3: just walked in you weren't doing it, we may let 344 00:23:24,200 --> 00:23:27,959 Speaker 3: you go, but everybody gets detained. So when you do 345 00:23:28,040 --> 00:23:32,000 Speaker 3: a mass immigration raid and you detain everybody, yeah, some 346 00:23:32,119 --> 00:23:38,240 Speaker 3: American citizens might get caught up in that. It's kind 347 00:23:38,240 --> 00:23:41,760 Speaker 3: of like when they do these stupid dui stops, which 348 00:23:41,800 --> 00:23:43,800 Speaker 3: I still believe. I know the courts of health them 349 00:23:43,880 --> 00:23:46,840 Speaker 3: to be constitutional, but I believe that they are unconstitutional. 350 00:23:47,040 --> 00:23:49,199 Speaker 3: You have no probable cause to stop me, you have 351 00:23:49,280 --> 00:23:52,399 Speaker 3: no reasonable suspicion. All I'm doing is just driving along 352 00:23:52,400 --> 00:23:56,400 Speaker 3: the highway. Well, anyway, they want to do these broad sweeps. 353 00:23:56,720 --> 00:23:59,840 Speaker 3: This is what they say, broad sweeps the target family 354 00:24:00,160 --> 00:24:05,600 Speaker 3: and terrorize law abiding presidents, betray our nation's values, and 355 00:24:05,680 --> 00:24:09,560 Speaker 3: waste resources that should focus on real threats to public safety. 356 00:24:10,280 --> 00:24:14,080 Speaker 3: I might agree with that, like Nancy Pelosi and this congressman, 357 00:24:14,400 --> 00:24:18,480 Speaker 3: they're a real threat to public safety. They continue. It 358 00:24:18,560 --> 00:24:21,560 Speaker 3: is important to note that California law protects communities and 359 00:24:21,560 --> 00:24:24,879 Speaker 3: prevents federal agents from taking certain actions here that we 360 00:24:24,920 --> 00:24:27,960 Speaker 3: have witnessed in other states. While the President may enjoy 361 00:24:28,119 --> 00:24:32,680 Speaker 3: absolute immunity courtesy of his rogue Supreme Court, those who 362 00:24:32,720 --> 00:24:37,200 Speaker 3: operate under his orders are not Our state and local 363 00:24:37,200 --> 00:24:42,160 Speaker 3: authorities may arrest federal agents if they break California law, 364 00:24:42,640 --> 00:24:46,800 Speaker 3: and if they are convicted, the president cannot pardon them. 365 00:24:47,280 --> 00:24:52,080 Speaker 3: So the DA in San Francisco, Brooke Jenkins devise this 366 00:24:52,280 --> 00:24:57,760 Speaker 3: idea of arresting federal ICE agents on charges like excessive 367 00:24:57,880 --> 00:25:01,800 Speaker 3: use of force. She said, as quote, I had lead 368 00:25:01,840 --> 00:25:03,960 Speaker 3: time to think about what authority I have and what 369 00:25:04,040 --> 00:25:07,240 Speaker 3: I can do. This is something I felt very strongly about, 370 00:25:07,440 --> 00:25:10,920 Speaker 3: and I had my office research it. She must not 371 00:25:11,040 --> 00:25:16,280 Speaker 3: have been very good research, because I take exactly the 372 00:25:16,760 --> 00:25:20,479 Speaker 3: opposite point of view. Now, some legal experts, including of 373 00:25:20,520 --> 00:25:25,119 Speaker 3: all places, Berkeley School of Law dean Erwin Schermensky, noted 374 00:25:25,160 --> 00:25:28,800 Speaker 3: the lack of precedent for such actions, and he commented, 375 00:25:29,320 --> 00:25:34,000 Speaker 3: as long as the ICE agents are acting legally, the 376 00:25:34,080 --> 00:25:38,000 Speaker 3: state cannot prosecute them and hold them liable, even if 377 00:25:38,000 --> 00:25:43,760 Speaker 3: it dislikes what they're doing. Now, even a federal judge 378 00:25:44,200 --> 00:25:46,840 Speaker 3: has threatened. Now, I don't know what authority the federal 379 00:25:46,960 --> 00:25:49,840 Speaker 3: judge has to arrest somebody. He's a judge, he's not 380 00:25:49,880 --> 00:25:53,840 Speaker 3: a law enforcement officer. But he has threatened to arrest 381 00:25:54,160 --> 00:25:58,840 Speaker 3: BAR agents from court rooms in or near the Cook 382 00:25:58,880 --> 00:26:04,800 Speaker 3: County Courthouse and Downtow Chicago under what authority, Because, as 383 00:26:04,880 --> 00:26:09,840 Speaker 3: I recall from law school, I think it would be 384 00:26:10,040 --> 00:26:14,040 Speaker 3: unlawful for California or state and local law enforcement anywhere 385 00:26:14,440 --> 00:26:18,760 Speaker 3: to arrest federal law enforcement officers who are lawfully enforcing 386 00:26:18,800 --> 00:26:25,040 Speaker 3: federal immigration law in any state. It's Article six clause too. 387 00:26:25,240 --> 00:26:28,919 Speaker 3: It's called the supremacy clause that makes federal law and 388 00:26:28,960 --> 00:26:33,320 Speaker 3: those carrying it out supreme over any conflicting state actions. 389 00:26:34,359 --> 00:26:38,320 Speaker 3: And under the supremacy clause, federal agents like ICBP or 390 00:26:38,400 --> 00:26:44,520 Speaker 3: DHS are generally immune from state prosecution and even arrest 391 00:26:45,040 --> 00:26:47,479 Speaker 3: when they are acting within the scope of their official 392 00:26:47,560 --> 00:26:51,359 Speaker 3: duties as authorized by federal law, and courts have consistently 393 00:26:51,440 --> 00:26:55,520 Speaker 3: held that state authorities cannot interfere with federal officers in 394 00:26:55,600 --> 00:26:58,600 Speaker 3: the execution of their lawful doing. In fact, doing so 395 00:26:58,840 --> 00:27:06,800 Speaker 3: constitutes federal obstruction law of federal obstruction of law operations 396 00:27:06,840 --> 00:27:11,840 Speaker 3: and violates federal law. So the Department of Justice Warren California, 397 00:27:12,440 --> 00:27:17,440 Speaker 3: the Deputy US Attorney Todd Blanche has Warren California officials 398 00:27:17,440 --> 00:27:21,280 Speaker 3: that any attempt to arrest or impede federal immigration agents 399 00:27:21,920 --> 00:27:28,520 Speaker 3: will trigger federal prosecution, stating that any interference by state 400 00:27:28,600 --> 00:27:34,200 Speaker 3: or local officials is both illegal and futile. Now there is. 401 00:27:34,680 --> 00:27:38,200 Speaker 3: I would note a very narrow exception. If a federal 402 00:27:38,200 --> 00:27:44,399 Speaker 3: officer commits an act that is wholly completely outside his 403 00:27:44,480 --> 00:27:50,199 Speaker 3: official duties, like he steals something from a detainee or 404 00:27:50,600 --> 00:27:55,520 Speaker 3: personal misconduct unrelated to enforcing the law, then state prosecution 405 00:27:55,960 --> 00:28:00,439 Speaker 3: might be possible, might be possible. It's going to be 406 00:28:00,440 --> 00:28:04,000 Speaker 3: hard to prove, and quite frankly, the courts would first 407 00:28:04,000 --> 00:28:07,960 Speaker 3: determine whether the conduct was within the federal agencies or 408 00:28:08,000 --> 00:28:11,600 Speaker 3: the agent's federal authority, and if it was, the constitutional 409 00:28:11,640 --> 00:28:15,240 Speaker 3: immunity applies. If not, the state might be able to proceed. 410 00:28:16,800 --> 00:28:20,159 Speaker 3: So as long as they're enforcing and executing lawful federal 411 00:28:20,160 --> 00:28:24,520 Speaker 3: immigration duties, California, you can't do this, and I would 412 00:28:24,800 --> 00:28:28,920 Speaker 3: encourage you to try to do it. I really do 413 00:28:29,840 --> 00:28:35,160 Speaker 3: that kind of passive aggressive personality trait that I tend 414 00:28:35,160 --> 00:28:38,600 Speaker 3: to have really does want them to follow. I really 415 00:28:38,640 --> 00:28:42,520 Speaker 3: do want the DA in San Francisco to tell the 416 00:28:42,600 --> 00:28:47,719 Speaker 3: DA to tell the San Francisco Police Department, Hey, if 417 00:28:47,800 --> 00:28:51,080 Speaker 3: you see somebody, if you see an ICE agent that 418 00:28:51,680 --> 00:28:57,400 Speaker 3: in your opinion, appears to be excessive force, arrest them. 419 00:28:58,200 --> 00:28:59,000 Speaker 3: I want to see that. 420 00:29:00,480 --> 00:29:04,160 Speaker 5: I saw a story this week about how EV chargers 421 00:29:04,200 --> 00:29:09,040 Speaker 5: are being targeted by homeless and criminals so they can 422 00:29:09,080 --> 00:29:12,480 Speaker 5: take the copper parts out of it, which of course 423 00:29:12,600 --> 00:29:17,720 Speaker 5: renders the EV charger useless. So wonder how they're going 424 00:29:17,800 --> 00:29:22,440 Speaker 5: to get around to ensuring that doesn't happen. It really 425 00:29:22,520 --> 00:29:25,080 Speaker 5: sucks for you to plan on using an EV charger 426 00:29:25,160 --> 00:29:28,440 Speaker 5: thirty miles down the road and no EV chargers available, 427 00:29:29,640 --> 00:29:30,320 Speaker 5: or or. 428 00:29:30,360 --> 00:29:33,440 Speaker 3: You pull up to the EV charger and you're like, okay, 429 00:29:33,480 --> 00:29:35,800 Speaker 3: I'm down to like four minutes or how are they 430 00:29:35,840 --> 00:29:38,520 Speaker 3: measure it? And then you realize do you have an 431 00:29:38,560 --> 00:29:42,840 Speaker 3: ev jesse? No, okay, do you know how? I'm not 432 00:29:42,920 --> 00:29:45,440 Speaker 3: even been in one? So do they measure it by 433 00:29:46,720 --> 00:29:48,720 Speaker 3: miles left? Minutes left? Or what? 434 00:29:48,960 --> 00:29:53,040 Speaker 4: I think it's miles left? I've been in a few. 435 00:29:53,600 --> 00:29:55,200 Speaker 4: I can't tell you for sure, though, But no, I 436 00:29:55,200 --> 00:29:57,040 Speaker 4: don't plan on getting one and I don't have one. 437 00:29:57,040 --> 00:29:58,480 Speaker 4: I am a team Carburetion. 438 00:30:01,040 --> 00:30:04,320 Speaker 3: Team I've not heard that Team Carburetion. We should, you know, 439 00:30:04,320 --> 00:30:06,800 Speaker 3: we should start a little group, a little group chat 440 00:30:06,880 --> 00:30:12,880 Speaker 3: team Team Carburetion. That's right, yeah, Team Fossil Fuels, Team Idrocarbons, 441 00:30:13,200 --> 00:30:17,440 Speaker 3: Team in turtal combustion engines. Well, I wonder if those 442 00:30:17,560 --> 00:30:20,400 Speaker 3: if that story you heard was from Do Better Denver, 443 00:30:20,480 --> 00:30:23,280 Speaker 3: because I think I've seen some pictures of some some 444 00:30:23,400 --> 00:30:28,040 Speaker 3: of that somewhere speaking to Do Better Denver. The common 445 00:30:28,080 --> 00:30:31,680 Speaker 3: There was a story in the Denver Post about RTD 446 00:30:32,520 --> 00:30:36,080 Speaker 3: and RTD is looking to for a record one point 447 00:30:36,160 --> 00:30:39,280 Speaker 3: three billion dollar budget. So that caused me to do 448 00:30:39,280 --> 00:30:41,040 Speaker 3: a little bit of digging because I was curious. One 449 00:30:41,040 --> 00:30:45,080 Speaker 3: point three billion dollars, that's a lot of money. The 450 00:30:45,160 --> 00:30:48,080 Speaker 3: Common Sense Institute did a study which is now I 451 00:30:48,120 --> 00:30:50,680 Speaker 3: think maybe about a year and a half old. They 452 00:30:50,760 --> 00:30:55,000 Speaker 3: found that RTD's fairs, that's our regional that's our busting 453 00:30:55,080 --> 00:30:58,400 Speaker 3: light rail system here in Colorado in along the Front Range, 454 00:30:59,600 --> 00:31:05,080 Speaker 3: that fares only pay four point four percent of the 455 00:31:05,320 --> 00:31:11,840 Speaker 3: entire operating budget. Something's screwed up. Then, The Denver Post 456 00:31:11,880 --> 00:31:16,280 Speaker 3: reported this week that the ridership numbers continue to decline 457 00:31:16,840 --> 00:31:22,560 Speaker 3: by almost four percent to a record record forty million 458 00:31:22,880 --> 00:31:26,560 Speaker 3: fewer riders this year than last year. So what's the 459 00:31:26,560 --> 00:31:29,520 Speaker 3: one point three billion dollars for? It seems that what 460 00:31:29,520 --> 00:31:31,680 Speaker 3: they're trying to do is they have a system that 461 00:31:31,720 --> 00:31:35,000 Speaker 3: does not work. They have a system that you know 462 00:31:35,360 --> 00:31:41,160 Speaker 3: is unreliable, is slow, is not, doesn't take you to 463 00:31:41,200 --> 00:31:44,840 Speaker 3: the last mile, and yet they want one point three 464 00:31:45,280 --> 00:31:49,280 Speaker 3: billion dollars so they can grow. In the course of 465 00:31:49,360 --> 00:31:52,520 Speaker 3: looking through this, the light rail system that was supposed 466 00:31:52,560 --> 00:31:55,080 Speaker 3: to go from Longmont I think down to Union Station 467 00:31:55,200 --> 00:31:57,800 Speaker 3: or somewhere. Do you know how old that project is. 468 00:31:58,400 --> 00:32:02,240 Speaker 3: That project is more than twenty years old. How much 469 00:32:02,280 --> 00:32:07,040 Speaker 3: have they built? Zero? We have our own California rail 470 00:32:07,120 --> 00:32:11,120 Speaker 3: system right here in Colorado, and they want one point 471 00:32:11,160 --> 00:32:16,360 Speaker 3: three billion dollars. Now, if if your fares only pay 472 00:32:16,480 --> 00:32:19,520 Speaker 3: four point four percent of the entire operating budget, here's 473 00:32:19,520 --> 00:32:24,560 Speaker 3: my suggestion for RTD. Sell the system. Could I'm not 474 00:32:24,560 --> 00:32:27,120 Speaker 3: saying get rid of it. I'm saying sell it now. 475 00:32:27,160 --> 00:32:28,560 Speaker 3: You might have to sell it for pennies on the 476 00:32:28,600 --> 00:32:31,160 Speaker 3: dollar for its value. But then again, I'm not sure 477 00:32:31,160 --> 00:32:34,120 Speaker 3: what the value is. But you can't grow your way 478 00:32:34,160 --> 00:32:37,560 Speaker 3: out of this. If if fares only pay four point 479 00:32:37,600 --> 00:32:40,840 Speaker 3: four percent of your operating budget, you're never going to 480 00:32:40,920 --> 00:32:44,560 Speaker 3: make yourself whole unless you increase the fares by one 481 00:32:44,560 --> 00:32:47,480 Speaker 3: thousand percent. And then guess what, people aren't going to 482 00:32:47,560 --> 00:32:50,640 Speaker 3: ride it. So I would say sell it for I'll 483 00:32:50,640 --> 00:32:53,320 Speaker 3: tell you what i'll buy it for. I'm not even sure. 484 00:32:53,640 --> 00:32:55,400 Speaker 3: I'm not even sure I would buy it. I say 485 00:32:55,440 --> 00:32:59,160 Speaker 3: i'd buy it for one hundred bucks, and then I'll 486 00:32:59,240 --> 00:33:02,280 Speaker 3: set the fairs accordingly. All cut back and just do 487 00:33:02,360 --> 00:33:05,400 Speaker 3: the just do certain, you know, cut down the routes 488 00:33:05,400 --> 00:33:11,120 Speaker 3: and everything else, and make it a profitable enterprise, you guys. 489 00:33:11,720 --> 00:33:13,520 Speaker 3: And I'm sorry to say this, Kathleen, because I know 490 00:33:13,560 --> 00:33:17,320 Speaker 3: you're on but what a screwed up mess it is.