1 00:00:00,640 --> 00:00:00,880 Speaker 1: Can't. 2 00:00:01,000 --> 00:00:03,640 Speaker 2: I am six forty you're listening to the John Cobel 3 00:00:03,760 --> 00:00:07,720 Speaker 2: podcast on the iHeartRadio app. All right, this is the 4 00:00:07,720 --> 00:00:13,000 Speaker 2: big story of the day, and it's about the Lateral 5 00:00:13,200 --> 00:00:18,560 Speaker 2: Energy closing its refinery up in Benetia in April of 6 00:00:18,640 --> 00:00:23,279 Speaker 2: next year. And that part was already announced somehow, it 7 00:00:23,440 --> 00:00:27,360 Speaker 2: took a while before it's sunk into Gavin Newsom's thick 8 00:00:27,440 --> 00:00:31,400 Speaker 2: skull and he realized, oh crap, if they close, and 9 00:00:31,400 --> 00:00:36,160 Speaker 2: then there's another one closing in Wilmington here that Phillips owns. 10 00:00:37,120 --> 00:00:40,360 Speaker 2: We're losing anywhere from seventeen to twenty one percent of 11 00:00:40,400 --> 00:00:44,199 Speaker 2: our gasoline supply. You're going to see gas prices go 12 00:00:44,280 --> 00:00:48,120 Speaker 2: up to eight bucks a gallon. And the guy who 13 00:00:48,200 --> 00:00:50,440 Speaker 2: is on this early is a guest we've had on 14 00:00:50,560 --> 00:00:54,480 Speaker 2: frequently in recent weeks, and that's Michael mcche the USC 15 00:00:54,600 --> 00:00:58,600 Speaker 2: professor who's been analyzing oil and gas prices and keeps 16 00:00:58,640 --> 00:01:01,640 Speaker 2: telling you that the reason you pay four fifty a 17 00:01:01,720 --> 00:01:04,000 Speaker 2: gallon and it may go up to eight bucks over 18 00:01:04,040 --> 00:01:07,040 Speaker 2: the next year and a half, it's entirely self inflicted 19 00:01:07,080 --> 00:01:11,160 Speaker 2: by the California government. It's all the taxes, it's all 20 00:01:11,160 --> 00:01:14,360 Speaker 2: the regulations, you know, they're selling gas in South Carolina 21 00:01:14,400 --> 00:01:17,959 Speaker 2: for two seventy it's four point fifty here, and it's 22 00:01:18,319 --> 00:01:21,480 Speaker 2: because of the California legislature and Gavin Newsom. 23 00:01:21,520 --> 00:01:23,000 Speaker 1: That's it. Period. 24 00:01:23,280 --> 00:01:28,800 Speaker 2: Let's get period full stop. Let's get Michael mcche on. Michael, 25 00:01:28,800 --> 00:01:30,679 Speaker 2: how are you trific? 26 00:01:30,720 --> 00:01:31,639 Speaker 3: John? How are you today? 27 00:01:32,280 --> 00:01:32,919 Speaker 1: I'm fine? 28 00:01:33,200 --> 00:01:33,320 Speaker 4: Uh. 29 00:01:34,480 --> 00:01:37,240 Speaker 2: Gavin Newsom is now in a state of panic. He's 30 00:01:37,360 --> 00:01:41,120 Speaker 2: trying to find any oil company in the world to 31 00:01:41,319 --> 00:01:46,200 Speaker 2: buy the Valero refinery and keep it open because Valera 32 00:01:46,280 --> 00:01:49,960 Speaker 2: wants to close it they can't make money. I mean, 33 00:01:50,080 --> 00:01:54,200 Speaker 2: this is hysterical. He created the environment between the regulations 34 00:01:54,200 --> 00:01:56,320 Speaker 2: and the taxes that they had to put this thing 35 00:01:56,360 --> 00:01:58,960 Speaker 2: out of business, and now he wants to broker some 36 00:01:59,120 --> 00:02:02,480 Speaker 2: kind of deal to say. 37 00:02:01,880 --> 00:02:05,480 Speaker 3: Well, apparently that's true. I mean, he's not only the 38 00:02:05,640 --> 00:02:09,320 Speaker 3: chief executive officer of California, but he's the chief real 39 00:02:09,400 --> 00:02:13,760 Speaker 3: estate agent apparently too. In terms of trying to find 40 00:02:15,080 --> 00:02:18,840 Speaker 3: a suitor for the acquisition of the Valero refinery, which 41 00:02:18,919 --> 00:02:22,120 Speaker 3: you know, we need that refinery to stay alive otherwise 42 00:02:22,120 --> 00:02:26,040 Speaker 3: we're going to be completely dependent or significantly more dependent 43 00:02:26,680 --> 00:02:29,360 Speaker 3: on foreign gasoline sources, and the prices will go up. 44 00:02:29,400 --> 00:02:33,520 Speaker 3: Even Vice Chair Gunda of the California Energy Commission admitted 45 00:02:33,560 --> 00:02:37,760 Speaker 3: that in his June twenty seventh letter said, you know, well, 46 00:02:37,960 --> 00:02:40,560 Speaker 3: we can't really agree with miche, but the prices are 47 00:02:40,560 --> 00:02:43,320 Speaker 3: going to go up. And this is something that Senator 48 00:02:43,320 --> 00:02:46,280 Speaker 3: Brian Jones and Assemblymen Carl de may have been talking 49 00:02:46,320 --> 00:02:50,359 Speaker 3: about for you know, months, if not years of our dependency. 50 00:02:50,560 --> 00:02:54,239 Speaker 3: So there's no surprise here, but it apparently took quite 51 00:02:54,280 --> 00:02:59,040 Speaker 3: a while for Governor k Newsom's intellectual processes to come around. 52 00:02:59,720 --> 00:03:03,480 Speaker 2: Why would anybody buy this if it's the same regulations 53 00:03:03,480 --> 00:03:06,359 Speaker 2: and taxes, it's going to be the same money losing operation. 54 00:03:07,240 --> 00:03:08,799 Speaker 1: What's the incentive to buy this thing? 55 00:03:09,560 --> 00:03:12,440 Speaker 3: Well, that's a great question. So I think we're all 56 00:03:12,760 --> 00:03:17,320 Speaker 3: sitting around wondering what type of concessions, incentives, and assurances 57 00:03:17,520 --> 00:03:21,680 Speaker 3: the governor is going to provide for anybody that acquires Ballero. 58 00:03:22,280 --> 00:03:26,119 Speaker 3: And by the way, whatever those concessions, incentives and assurances are, 59 00:03:26,520 --> 00:03:29,160 Speaker 3: then that would be applied to all the surviving refineries. 60 00:03:29,200 --> 00:03:32,320 Speaker 3: So I think everybody's sort of sitting around now saying, well, 61 00:03:32,360 --> 00:03:36,640 Speaker 3: what are you offering a potential suitor? What are you 62 00:03:36,760 --> 00:03:42,000 Speaker 3: offering a potential buyer of this facility in what regulatory 63 00:03:42,240 --> 00:03:46,680 Speaker 3: rollbacks and concessions are you going to make to give 64 00:03:46,720 --> 00:03:50,640 Speaker 3: that buyer assurances that they can operate in the state 65 00:03:50,680 --> 00:03:53,400 Speaker 3: of California with any degree of certainty and continuity. 66 00:03:54,360 --> 00:03:57,560 Speaker 2: They'd have to have an ironclyd contract that Newsom wouldn't 67 00:03:57,640 --> 00:04:00,920 Speaker 2: roll back his concessions or some other governor wouldn't roll 68 00:04:00,960 --> 00:04:05,120 Speaker 2: back the concessions. And you're right, every remaining company in 69 00:04:05,160 --> 00:04:06,960 Speaker 2: California is going to demand the same deal. 70 00:04:08,760 --> 00:04:12,360 Speaker 3: Absolutely. I mean, it's only stance the reason that you 71 00:04:12,400 --> 00:04:15,560 Speaker 3: would and why would you? I mean, it's a great question. 72 00:04:15,680 --> 00:04:18,800 Speaker 3: Why would you? And they're looking at foreign investors, by 73 00:04:18,839 --> 00:04:23,479 Speaker 3: the way, so at least one European refiner that they're 74 00:04:23,520 --> 00:04:28,039 Speaker 3: talking to, plus I believe one American. You know, why 75 00:04:28,040 --> 00:04:31,320 Speaker 3: would you go through the acquisition process? And by the way, 76 00:04:31,360 --> 00:04:34,479 Speaker 3: Valero's board of directors would have to approve it since 77 00:04:34,520 --> 00:04:38,600 Speaker 3: it's their asset. 78 00:04:37,600 --> 00:04:41,040 Speaker 1: Right, he can't force a deal against their will, right. 79 00:04:41,520 --> 00:04:44,880 Speaker 3: Yeah, without having some great Yeah, that's correct. It's it's 80 00:04:44,920 --> 00:04:47,600 Speaker 3: a shareholder asset, so the board has to approve it 81 00:04:47,960 --> 00:04:50,640 Speaker 3: unless the state of California buys it, which I doubt 82 00:04:50,720 --> 00:04:54,320 Speaker 3: given twelve billion dollar deficit and a one point six 83 00:04:54,440 --> 00:04:58,240 Speaker 3: trillion dollar total debt. I don't see the California buying 84 00:04:58,240 --> 00:05:01,000 Speaker 3: it and then trying to sell it. It's it's it's 85 00:05:01,040 --> 00:05:04,640 Speaker 3: a broker's deal. But it's going to come down to 86 00:05:04,680 --> 00:05:07,960 Speaker 3: the concessions and centives and insurances that are offered to 87 00:05:08,040 --> 00:05:13,359 Speaker 3: the buyer, in which case those same concessions, incentives, and 88 00:05:13,400 --> 00:05:16,680 Speaker 3: insurances have to be offered to the surviving refineries here 89 00:05:16,680 --> 00:05:20,320 Speaker 3: in our state. Well, quite a dilemma if you think 90 00:05:20,320 --> 00:05:20,720 Speaker 3: about it. 91 00:05:20,760 --> 00:05:23,799 Speaker 2: Could this be? Could this bring the end of these 92 00:05:24,040 --> 00:05:28,960 Speaker 2: stupid regulations and these stupid taxes that that has crushed 93 00:05:29,000 --> 00:05:31,360 Speaker 2: the oil industry. Are they going to have to give 94 00:05:31,480 --> 00:05:32,159 Speaker 2: up entirely? 95 00:05:33,839 --> 00:05:37,600 Speaker 3: Well, I think there has to be some significant changes 96 00:05:37,720 --> 00:05:41,360 Speaker 3: occurring in Sacramento, and certainly we're seeing those coming out 97 00:05:41,400 --> 00:05:44,960 Speaker 3: of Washington, d c. Under President Trump's leadership on some 98 00:05:45,040 --> 00:05:47,599 Speaker 3: of these issues. But Sacramento is going to have to 99 00:05:47,640 --> 00:05:53,240 Speaker 3: make some serious changes to how they regulate the energy 100 00:05:53,400 --> 00:05:56,120 Speaker 3: policies in the state. And also a lot of this 101 00:05:56,200 --> 00:06:00,359 Speaker 3: is driven by climate change type initiatives. But when you 102 00:06:00,400 --> 00:06:03,240 Speaker 3: read the studies and the research, California accounts for less 103 00:06:03,279 --> 00:06:08,039 Speaker 3: than one percent of global global emission issue. Yeah right, 104 00:06:08,560 --> 00:06:14,120 Speaker 3: So so really by burning the California taxpayer, in the 105 00:06:14,160 --> 00:06:18,360 Speaker 3: California consumer, with all of these programs, is it really 106 00:06:18,400 --> 00:06:21,440 Speaker 3: worth it or have we reached a point of diminishing returns? 107 00:06:21,839 --> 00:06:25,640 Speaker 3: But with these two refineries shutting down, that is a 108 00:06:25,720 --> 00:06:29,440 Speaker 3: day of reckoning, and so unless that reckoning is addressed now, 109 00:06:29,880 --> 00:06:33,000 Speaker 3: it'll be a much much bigger problem for California. 110 00:06:33,080 --> 00:06:35,680 Speaker 2: They were warned for many, many years, ever since they 111 00:06:35,720 --> 00:06:39,160 Speaker 2: went on this kick of climate regulations and high taxes. 112 00:06:39,200 --> 00:06:43,159 Speaker 2: Everybody told them, And only now here in July of 113 00:06:43,200 --> 00:06:45,360 Speaker 2: twenty twenty five do they wake up and go, oh 114 00:06:45,400 --> 00:06:48,480 Speaker 2: my god, we've destroyed the oil industry. 115 00:06:49,920 --> 00:06:52,839 Speaker 3: Well, because the reality of these two refineries have finally hit. 116 00:06:53,360 --> 00:06:56,320 Speaker 3: And when you're looking at twenty percent or twenty one 117 00:06:56,360 --> 00:06:59,680 Speaker 3: percent reduction in supply, the question then becomes, well, how 118 00:06:59,680 --> 00:07:02,200 Speaker 3: do you how do you replace that? Well, you're going 119 00:07:02,240 --> 00:07:05,640 Speaker 3: to replace it with foreign source gasoline. You have to 120 00:07:05,680 --> 00:07:08,000 Speaker 3: transport it here, that's going to add about fifteen to 121 00:07:08,040 --> 00:07:11,280 Speaker 3: seventeen cents a gallon, You have to buy it that's 122 00:07:11,320 --> 00:07:13,560 Speaker 3: going to have a premium attached to it, and you 123 00:07:13,680 --> 00:07:18,320 Speaker 3: have very complex supply chains which are very fragile, anything 124 00:07:18,480 --> 00:07:26,880 Speaker 3: like a port labor dispute, maritime transit disputes, geopolitical situations, 125 00:07:27,040 --> 00:07:31,040 Speaker 3: bad weather that will absolutely affect the supply chain. And 126 00:07:31,520 --> 00:07:35,480 Speaker 3: as we know in California, we're very sensitive to disruptions 127 00:07:35,520 --> 00:07:38,120 Speaker 3: and in production and supply chains and gasoline when we're 128 00:07:38,160 --> 00:07:42,720 Speaker 3: all too familiar with spikes that occur. So this is 129 00:07:42,760 --> 00:07:48,400 Speaker 3: a setup and it's been talked about for a long time, 130 00:07:49,000 --> 00:07:53,480 Speaker 3: but with these two refineries definitively shutting down, the reality 131 00:07:53,600 --> 00:07:56,360 Speaker 3: hits the day reckoning is not too far away. 132 00:07:56,720 --> 00:07:58,320 Speaker 1: Can you hold on for another segment? 133 00:07:59,240 --> 00:08:01,560 Speaker 2: I'd love to because I want to talk about exactly 134 00:08:01,760 --> 00:08:05,360 Speaker 2: how high the price would go and the whole process 135 00:08:05,400 --> 00:08:07,600 Speaker 2: of trying to get oil now from these far off 136 00:08:07,640 --> 00:08:11,760 Speaker 2: lands to replace it. They Newson wrote a letter today 137 00:08:12,000 --> 00:08:16,080 Speaker 2: and actually admitted he wrote a letter to Siva Gunda, 138 00:08:16,160 --> 00:08:20,640 Speaker 2: the California Energy Commission Vice chair, and he wrote at 139 00:08:20,640 --> 00:08:27,320 Speaker 2: the end of it that we have to have a safe, 140 00:08:27,400 --> 00:08:31,400 Speaker 2: affordable and reliable supply of fuels over the next two decades. 141 00:08:32,440 --> 00:08:35,599 Speaker 2: So he admitted that oil and gas are going to 142 00:08:35,640 --> 00:08:38,680 Speaker 2: be with us for quite a while. More coming up 143 00:08:38,720 --> 00:08:41,160 Speaker 2: with Michael mccheff, the USC professor. 144 00:08:41,480 --> 00:08:45,800 Speaker 4: You're listening to John Cobelt on demand from KFI AM 145 00:08:45,840 --> 00:08:46,360 Speaker 4: six forty. 146 00:08:47,800 --> 00:08:50,480 Speaker 2: We continue with Michael mcche the USC professor, has done 147 00:08:50,480 --> 00:08:53,960 Speaker 2: so much research into gas and oil prices here in California, 148 00:08:54,000 --> 00:08:59,000 Speaker 2: and we're specifically as honing in on the Villero company. 149 00:08:59,080 --> 00:09:01,640 Speaker 2: They have announced that they are going to for sure 150 00:09:02,200 --> 00:09:07,640 Speaker 2: close a refinery up in Denetia in northern California. That 151 00:09:07,800 --> 00:09:12,400 Speaker 2: along with a closing of a Phillips refinery here in 152 00:09:12,880 --> 00:09:17,520 Speaker 2: Wilmington in the LA area, we're losing seventeen eighteen percent 153 00:09:17,640 --> 00:09:23,720 Speaker 2: of our gas refining capacity and that could send the 154 00:09:23,760 --> 00:09:25,479 Speaker 2: price up considerably. 155 00:09:25,880 --> 00:09:27,640 Speaker 1: Now, I saw in one of these. 156 00:09:27,559 --> 00:09:29,600 Speaker 2: Stories here, I got a lot of them in front 157 00:09:29,600 --> 00:09:33,960 Speaker 2: of me that the state, the state data indicates that 158 00:09:34,000 --> 00:09:36,439 Speaker 2: we could get eight dollars a gallon, which is something 159 00:09:36,440 --> 00:09:38,760 Speaker 2: you talked about a few weeks ago. So is that 160 00:09:38,840 --> 00:09:41,040 Speaker 2: a real number? If all this comes to pass, we 161 00:09:41,080 --> 00:09:45,400 Speaker 2: actually lose all that refining capacity, afraid? 162 00:09:45,480 --> 00:09:49,680 Speaker 3: So, I mean it's a very real possibility because it's 163 00:09:49,760 --> 00:09:52,760 Speaker 3: based on supply and demand. So our supply of fuel 164 00:09:53,000 --> 00:09:55,880 Speaker 3: is coming down faster than our demand. Our demand is 165 00:09:55,920 --> 00:09:59,880 Speaker 3: not coming down nearly as quickly as carb had forecast. 166 00:10:00,200 --> 00:10:04,120 Speaker 3: In predicted or the CEC. So our supplies are coming 167 00:10:04,160 --> 00:10:07,440 Speaker 3: down much quicker. So the question then becomes to what 168 00:10:07,520 --> 00:10:11,240 Speaker 3: extent can you replenish the supply to achieve equal agrium 169 00:10:11,240 --> 00:10:13,880 Speaker 3: in the market and bring their prices in line. So, 170 00:10:15,920 --> 00:10:18,560 Speaker 3: you know, the state is now sort of coming around saying, 171 00:10:18,559 --> 00:10:22,200 Speaker 3: all right, maybe Mache's worst case scenario really is, you know, 172 00:10:22,520 --> 00:10:25,880 Speaker 3: a possibility that we need to avoid, and we all 173 00:10:25,920 --> 00:10:29,480 Speaker 3: want to avoid eight dollars gasoline prices, there's no question 174 00:10:29,520 --> 00:10:32,840 Speaker 3: about that. The real issue also becomes that if we 175 00:10:32,960 --> 00:10:37,240 Speaker 3: lose the refinery in Northern California, and we lose the 176 00:10:37,360 --> 00:10:43,240 Speaker 3: pipeline that provides oil from Southern California fields to the 177 00:10:43,280 --> 00:10:48,040 Speaker 3: Northern California refinery due to capacity issues, then Northern California 178 00:10:48,120 --> 00:10:50,200 Speaker 3: may have to import as much as fifty percent of 179 00:10:50,240 --> 00:10:54,360 Speaker 3: its daily gasoline use from foreign sources, and some of 180 00:10:54,400 --> 00:10:56,520 Speaker 3: those foreign sources will be as far away as India 181 00:10:56,600 --> 00:11:01,240 Speaker 3: and even Saudi Arabia on a tanker truck tanker vessel 182 00:11:01,320 --> 00:11:04,760 Speaker 3: coming across the Pacific, you know, forty forty five days 183 00:11:05,320 --> 00:11:09,000 Speaker 3: with a lot of greenhouse emissions associated with it. So this, 184 00:11:09,000 --> 00:11:12,080 Speaker 3: this is a very real possibility that perhaps the state 185 00:11:12,200 --> 00:11:17,040 Speaker 3: is actually coming, you know, realistically coming to the conclusion 186 00:11:17,080 --> 00:11:20,280 Speaker 3: that you know, these are these are possibilities. 187 00:11:20,600 --> 00:11:23,400 Speaker 2: Yeah, so Saudi Arabia, India will have to ship us 188 00:11:23,960 --> 00:11:26,560 Speaker 2: is it their oil or the refined gas because ever 189 00:11:26,640 --> 00:11:29,240 Speaker 2: had one story which says the oil could go then 190 00:11:29,360 --> 00:11:31,920 Speaker 2: to a country like South Korea which would find it 191 00:11:31,960 --> 00:11:34,679 Speaker 2: into the gas and then they'd have to ship that 192 00:11:34,880 --> 00:11:39,600 Speaker 2: over here, so it'd be too long shipments on the oceans. 193 00:11:40,840 --> 00:11:43,959 Speaker 3: Well, we did oil already from foreign sources. So about 194 00:11:43,960 --> 00:11:46,680 Speaker 3: sixty three percent of our oil's actually coming from non 195 00:11:46,800 --> 00:11:51,360 Speaker 3: US sources right now, even though California is sixty three, 196 00:11:51,520 --> 00:11:54,640 Speaker 3: even though California sits on about the seventh largest reserves 197 00:11:54,640 --> 00:11:58,280 Speaker 3: in the United States. I mean, we're standing on oil 198 00:11:58,480 --> 00:12:01,280 Speaker 3: as we speak and as we as we worked every day, 199 00:12:01,640 --> 00:12:04,240 Speaker 3: which could be used to bring down the state's debt 200 00:12:04,280 --> 00:12:05,640 Speaker 3: and deficit and things like that. 201 00:12:05,679 --> 00:12:08,360 Speaker 2: So we're not cutting any emissions. If we're getting almost 202 00:12:08,400 --> 00:12:11,600 Speaker 2: two thirds of oil overseas and then they have to 203 00:12:11,720 --> 00:12:15,680 Speaker 2: ship it in tankers across oceans, there is no emission 204 00:12:15,760 --> 00:12:18,640 Speaker 2: savings for these climate change fanatics. 205 00:12:19,400 --> 00:12:23,040 Speaker 3: Yeah, probably not. And now with the reduction in refineries, 206 00:12:23,080 --> 00:12:26,760 Speaker 3: you're going to be shipping gasoline on tankers across the Pacific. 207 00:12:26,880 --> 00:12:29,760 Speaker 3: Now the question then becomes, let's say you get that 208 00:12:30,320 --> 00:12:35,680 Speaker 3: gasoline from a refinery in India, Well, most likely that 209 00:12:35,880 --> 00:12:39,520 Speaker 3: oil that's made, you know, the gasoline that's made from 210 00:12:39,520 --> 00:12:43,480 Speaker 3: that oil in India is coming from Russia. If you're 211 00:12:43,480 --> 00:12:46,800 Speaker 3: getting the gasoline made in China, then the oil that's 212 00:12:46,920 --> 00:12:50,440 Speaker 3: used to make the gasoline there is coming from Russia, 213 00:12:50,520 --> 00:12:54,000 Speaker 3: Iran and Venezuela, or you get it from South Korea 214 00:12:54,040 --> 00:12:55,600 Speaker 3: and it's going to come from Saudi Arabia. 215 00:12:55,600 --> 00:12:58,280 Speaker 2: All right, But instead of drilling for the oil here 216 00:12:58,320 --> 00:13:02,439 Speaker 2: and refining it into gasoline here, we've got two tanker trips, 217 00:13:02,840 --> 00:13:06,160 Speaker 2: one from the oil producing country, then they send it 218 00:13:06,200 --> 00:13:09,480 Speaker 2: to the gas refinery in a second country, and then 219 00:13:09,520 --> 00:13:10,280 Speaker 2: it comes here. 220 00:13:11,880 --> 00:13:15,360 Speaker 3: Yeah, you got it makes perfect sense, right involved are 221 00:13:15,360 --> 00:13:18,199 Speaker 3: sitting on the seventh largest reserves. I mean, the absurdity 222 00:13:18,280 --> 00:13:23,360 Speaker 3: of it is defies, you know, honestly description, in defies logic. 223 00:13:24,559 --> 00:13:24,800 Speaker 1: Yeah. 224 00:13:24,880 --> 00:13:27,600 Speaker 2: I tell this to people and they can't believe it. 225 00:13:27,640 --> 00:13:29,840 Speaker 2: I mean, they just can't believe that we have a 226 00:13:29,880 --> 00:13:34,280 Speaker 2: government this stupid. In Gavin Newsom's letter to the vice 227 00:13:34,360 --> 00:13:38,040 Speaker 2: chair of the California Energy Commission, he writes that in California, 228 00:13:38,960 --> 00:13:42,280 Speaker 2: California is a market where demand for gasoline will exist 229 00:13:42,320 --> 00:13:43,400 Speaker 2: for years to come. 230 00:13:44,360 --> 00:13:49,120 Speaker 1: Now he admits this, well, you. 231 00:13:49,080 --> 00:13:51,120 Speaker 3: Know, let's give let's give the governor some credit for 232 00:13:51,160 --> 00:13:56,040 Speaker 3: reading my work. And I mean, look, you know, look 233 00:13:56,200 --> 00:13:58,520 Speaker 3: he did his homework. I mean, he read the assignments. 234 00:13:58,520 --> 00:14:00,480 Speaker 3: You may not agree with him, but let's give him 235 00:14:00,480 --> 00:14:02,760 Speaker 3: some credit for that. And let's give him some credit 236 00:14:02,760 --> 00:14:05,520 Speaker 3: for listening to people like Brian Jones and Carl Demalio 237 00:14:05,640 --> 00:14:08,760 Speaker 3: and people like that. Did it have been saying, look, 238 00:14:09,160 --> 00:14:13,080 Speaker 3: this is a significant problem and if you don't address it, 239 00:14:13,080 --> 00:14:17,520 Speaker 3: it's going to become borderline catastrophic. Now, that whole thing 240 00:14:17,559 --> 00:14:20,560 Speaker 3: about twenty thirty five was an arbitrary date. It was 241 00:14:20,600 --> 00:14:24,280 Speaker 3: a contrived date put the electric car man date the 242 00:14:24,280 --> 00:14:27,360 Speaker 3: electric car mandate that got rolled back by the federal government. 243 00:14:28,080 --> 00:14:30,520 Speaker 3: And now I believe he's talking twenty forty five, which 244 00:14:31,000 --> 00:14:33,240 Speaker 3: is actually a more realistic date that comes out of 245 00:14:33,280 --> 00:14:36,160 Speaker 3: my work. I said, you know, probably the sweet spot 246 00:14:36,240 --> 00:14:40,400 Speaker 3: for their great transition and energy will be between twenty 247 00:14:40,440 --> 00:14:42,880 Speaker 3: forty five and twenty fifty five. And this is how 248 00:14:42,920 --> 00:14:44,080 Speaker 3: you're going to get there, and this is how you're 249 00:14:44,080 --> 00:14:47,200 Speaker 3: going to do it without destroying the markets and without 250 00:14:47,200 --> 00:14:51,880 Speaker 3: destroying the pocketbooks of hard work in Californians. So, you know, 251 00:14:52,160 --> 00:14:54,560 Speaker 3: there's clearly been a revelation on the part of the governor, 252 00:14:54,560 --> 00:14:58,160 Speaker 3: and you know, let's face it, he probably has national 253 00:14:58,160 --> 00:15:00,640 Speaker 3: political aspirations and the last thing he wants to do 254 00:15:00,760 --> 00:15:03,480 Speaker 3: is is go into the heartland of America and say, hey, 255 00:15:03,480 --> 00:15:05,640 Speaker 3: guess what. You know you have two dollars and eighty 256 00:15:05,720 --> 00:15:08,000 Speaker 3: cents a gallon gasoline. I can make it. I can 257 00:15:08,040 --> 00:15:09,640 Speaker 3: make it ten dollars. 258 00:15:10,320 --> 00:15:13,080 Speaker 1: How many refinery? Yeah, sorry, go ahead. 259 00:15:13,960 --> 00:15:15,640 Speaker 3: I don't think it wants to do that, right. 260 00:15:15,640 --> 00:15:17,880 Speaker 2: No, I don't think you're going to win on that. 261 00:15:18,000 --> 00:15:19,920 Speaker 2: How many refineries we have left in the state. 262 00:15:21,080 --> 00:15:24,040 Speaker 3: When these two go down, we'll have seven producing gasoline 263 00:15:24,040 --> 00:15:25,960 Speaker 3: for the fourth largest economy in the world. 264 00:15:26,200 --> 00:15:28,640 Speaker 2: Seven And we I read back in the year two 265 00:15:28,680 --> 00:15:30,200 Speaker 2: thousand we had over twenty. 266 00:15:31,120 --> 00:15:34,160 Speaker 3: Oh we had you know, if you look over the 267 00:15:34,160 --> 00:15:36,320 Speaker 3: course of time, we had forty three at one time 268 00:15:36,920 --> 00:15:42,000 Speaker 3: three Yeah, we had forty three, forty three to seven 269 00:15:42,120 --> 00:15:46,160 Speaker 3: And and you know, are that's just not the absolute 270 00:15:46,280 --> 00:15:49,320 Speaker 3: number of refineries, it's also the capacity of those refineries 271 00:15:49,400 --> 00:15:52,359 Speaker 3: has gone down. That's why we've had an import gasoline 272 00:15:52,400 --> 00:15:58,400 Speaker 3: before from various countries and also Washington State, so you 273 00:15:58,440 --> 00:16:01,520 Speaker 3: know it's it's been a problem, but now it's it's 274 00:16:01,560 --> 00:16:04,160 Speaker 3: clearly going to be a larger problem if if, indeed 275 00:16:05,360 --> 00:16:08,040 Speaker 3: we don't find a suitor for for Valero. 276 00:16:08,560 --> 00:16:10,840 Speaker 2: Michael Miche USC professor, thank you for coming on. 277 00:16:12,000 --> 00:16:14,040 Speaker 3: Oh John, So it was a pleasure beyond with you. John. 278 00:16:14,080 --> 00:16:18,680 Speaker 4: All right, you're listening to John Cobels on demand from 279 00:16:18,760 --> 00:16:20,640 Speaker 4: KFI AM six forty. 280 00:16:21,120 --> 00:16:22,040 Speaker 1: John Cobelt Show. 281 00:16:22,120 --> 00:16:25,040 Speaker 2: Moistline is eight seven seven Moist Dady six, last call 282 00:16:25,240 --> 00:16:26,840 Speaker 2: eight seven seven Moist staty six. 283 00:16:26,880 --> 00:16:27,640 Speaker 1: We have room, we have. 284 00:16:27,640 --> 00:16:31,160 Speaker 2: Vacancies or use the talkback feature on the iHeartRadio app. 285 00:16:31,360 --> 00:16:33,600 Speaker 2: We just had Michael Mache on for the last half hour, 286 00:16:34,120 --> 00:16:37,360 Speaker 2: and State Modeling now says, yeah, we could hit eight 287 00:16:37,400 --> 00:16:38,000 Speaker 2: dollars a. 288 00:16:37,920 --> 00:16:40,320 Speaker 1: Gallon in gas by next spring. 289 00:16:40,440 --> 00:16:44,520 Speaker 2: Once the Valero refinery and Benetia closes and the one 290 00:16:44,560 --> 00:16:50,840 Speaker 2: in Wilmington run by Phillips. And yes, we get two thirds, 291 00:16:50,880 --> 00:16:54,600 Speaker 2: almost two thirds, sixty three percent of our oil and 292 00:16:54,720 --> 00:17:00,720 Speaker 2: gas from foreign countries. And we said at the end, 293 00:17:01,120 --> 00:17:04,680 Speaker 2: you have oil being refined in one country like Saudi Arabia, 294 00:17:04,760 --> 00:17:07,920 Speaker 2: put on a tanker. Well, no, you have oil that's 295 00:17:08,000 --> 00:17:12,520 Speaker 2: being extractive in one country, put on a tanker. Then 296 00:17:12,560 --> 00:17:15,040 Speaker 2: they send it to a second country to be refined 297 00:17:15,080 --> 00:17:19,919 Speaker 2: into gas. So you have two tanker trips across oceans. 298 00:17:21,080 --> 00:17:24,200 Speaker 2: Can you imagine the amount of emissions. The whole climate 299 00:17:24,280 --> 00:17:28,280 Speaker 2: change thing is complete nonsense. That was a cover story 300 00:17:28,680 --> 00:17:32,359 Speaker 2: for Newsom and the legislature to lay on all these taxes. 301 00:17:32,720 --> 00:17:33,760 Speaker 1: Make us feel guilty. 302 00:17:33,840 --> 00:17:37,240 Speaker 2: It's just like the homeless scam, right, Homeless taxes make 303 00:17:37,320 --> 00:17:41,280 Speaker 2: us feel guilty. Climate change we're all gonna die. Climate 304 00:17:41,359 --> 00:17:45,720 Speaker 2: change taxes make us feel guilty. It's one big scam. 305 00:17:45,960 --> 00:17:49,160 Speaker 2: The whole thing is a scam because more emissions are 306 00:17:49,160 --> 00:17:52,439 Speaker 2: being put out by travel. By forcing all this oil 307 00:17:52,440 --> 00:17:55,399 Speaker 2: and gas to travel all around the world before it 308 00:17:55,400 --> 00:17:59,359 Speaker 2: gets here. We're sitting on the seventh largest reserve in 309 00:17:59,400 --> 00:18:05,000 Speaker 2: the country of oil. We've closed most of the refineries. 310 00:18:06,600 --> 00:18:09,160 Speaker 2: Used to be forty three, now it's gonna be seven 311 00:18:09,200 --> 00:18:10,200 Speaker 2: after these two closes. 312 00:18:10,840 --> 00:18:11,080 Speaker 1: You know. 313 00:18:11,280 --> 00:18:14,480 Speaker 2: And Newsom is now again positioning himself as the white Knight, 314 00:18:14,520 --> 00:18:17,960 Speaker 2: the hero on the horse. Hey, look what I'm gonna 315 00:18:17,960 --> 00:18:20,200 Speaker 2: do here. I'm gonna end you. I'm gonna broker a deal. 316 00:18:20,240 --> 00:18:23,000 Speaker 2: I'm gonna engineer a deal with some foreign country so 317 00:18:23,359 --> 00:18:25,919 Speaker 2: they some foreign companies so they could take over the 318 00:18:26,000 --> 00:18:31,760 Speaker 2: Valero refinery in Benetia, and I'll singleheadedly prevent eight dollars 319 00:18:31,800 --> 00:18:35,720 Speaker 2: a gallon gas. It's like you created this. These were 320 00:18:35,760 --> 00:18:39,520 Speaker 2: all your policies. You should apologize and you should resign, 321 00:18:40,760 --> 00:18:44,399 Speaker 2: and the state should repeal all these taxes, all the 322 00:18:44,440 --> 00:18:48,000 Speaker 2: climate change taxes, all the regulations all should be repealed. 323 00:18:48,400 --> 00:18:50,480 Speaker 2: All the money over the last twenty years ought to 324 00:18:50,520 --> 00:18:53,399 Speaker 2: be refunded. That's what it to happen. And Newsom and 325 00:18:53,440 --> 00:18:55,800 Speaker 2: the California legislator legislature want to. 326 00:18:55,760 --> 00:18:56,280 Speaker 1: Go to jail. 327 00:18:56,440 --> 00:19:00,680 Speaker 2: That's what they stole, untold billions of dollar from US 328 00:19:00,720 --> 00:19:04,440 Speaker 2: for no reason. It had no effect on the atmosphere, 329 00:19:04,600 --> 00:19:07,879 Speaker 2: none at all. In fact, they probably pumped more emissions 330 00:19:07,880 --> 00:19:14,600 Speaker 2: into the atmosphere by having two tankers take the oil 331 00:19:14,640 --> 00:19:17,520 Speaker 2: and then take the gas across all these oceans. Sixty 332 00:19:17,560 --> 00:19:21,840 Speaker 2: three percent of our oil and gas is imported from 333 00:19:21,880 --> 00:19:28,000 Speaker 2: foreign countries. Sixty three percent. You have been scammed. Fortunately, 334 00:19:28,080 --> 00:19:30,480 Speaker 2: I think this error is coming to an end. Trump 335 00:19:30,560 --> 00:19:33,719 Speaker 2: administration has a plan to repeal. 336 00:19:35,359 --> 00:19:36,200 Speaker 1: To end. 337 00:19:37,840 --> 00:19:45,160 Speaker 2: The EPA and their climate change policies. The proposed EPA 338 00:19:45,280 --> 00:19:49,800 Speaker 2: rule will rescind a declaration from two thousand and nine, 339 00:19:50,000 --> 00:19:53,600 Speaker 2: and they are just going to in writing completely reject 340 00:19:54,119 --> 00:19:58,919 Speaker 2: the whole climate change greenhouse gas concept. There will no 341 00:19:59,000 --> 00:20:02,120 Speaker 2: longer fighting it. They're no longer going to even acknowledge 342 00:20:02,359 --> 00:20:05,160 Speaker 2: climate change, which is the way it should be. This 343 00:20:05,240 --> 00:20:09,719 Speaker 2: has been a massive scam in boondoggle, and it's proven 344 00:20:09,760 --> 00:20:13,199 Speaker 2: by what's going on in California. And I was just 345 00:20:13,280 --> 00:20:17,439 Speaker 2: reading here Tesla stock dropped, has dropped as much as 346 00:20:17,480 --> 00:20:21,680 Speaker 2: ten percent this morning because sales are way down. Free 347 00:20:21,760 --> 00:20:25,040 Speaker 2: La on Musk He says, there's a few rough quarters ahead. 348 00:20:25,480 --> 00:20:28,480 Speaker 2: So there you go, the one successful electric car company 349 00:20:28,720 --> 00:20:32,199 Speaker 2: and all these left wing climate fanatics are trying to 350 00:20:32,200 --> 00:20:34,879 Speaker 2: put it out of business because he was dallying with 351 00:20:34,920 --> 00:20:37,800 Speaker 2: Trump for a while. Yeah, they don't care about climate change. 352 00:20:37,800 --> 00:20:41,960 Speaker 2: It was virtue signaling. And the only reason he was 353 00:20:41,960 --> 00:20:46,000 Speaker 2: making profits on Tesla is was your tax money. He 354 00:20:46,280 --> 00:20:49,199 Speaker 2: is the one who got a good chunk of his 355 00:20:49,280 --> 00:20:53,800 Speaker 2: wealth off the backs of taxpayers because we were subsidizing 356 00:20:53,840 --> 00:20:57,240 Speaker 2: all the Tesla's. Now the idiot climate change loving Tesla 357 00:20:57,280 --> 00:21:00,600 Speaker 2: owners are giving up on their cars and tanking company. 358 00:21:00,600 --> 00:21:04,600 Speaker 2: This is all craziness, This is all insanity, a med 359 00:21:05,080 --> 00:21:08,920 Speaker 2: but people go along with this stuff. Oh, I'm trying 360 00:21:08,960 --> 00:21:10,920 Speaker 2: to save the planet. I'm trying to do my part. 361 00:21:10,960 --> 00:21:13,359 Speaker 2: You're not saving the planet. You're not doing your part. 362 00:21:15,000 --> 00:21:17,440 Speaker 2: This is self pleasure, is what it is. You're engaging 363 00:21:17,480 --> 00:21:24,639 Speaker 2: in psychic self pleasure. So the EPA, the proposal is 364 00:21:24,680 --> 00:21:27,440 Speaker 2: going to be made public in a few days and 365 00:21:27,880 --> 00:21:31,200 Speaker 2: they're just gonna get rid of the limits on tailpipe 366 00:21:31,240 --> 00:21:34,000 Speaker 2: emissions that were added on recently. 367 00:21:35,600 --> 00:21:38,800 Speaker 1: This all Biden administration nonsense of. 368 00:21:38,840 --> 00:21:43,639 Speaker 2: It, All these homeless racket, the whole COVID racket, the 369 00:21:44,080 --> 00:21:48,959 Speaker 2: climate change racket. It's just about stealing huge enormous sums 370 00:21:48,960 --> 00:21:52,240 Speaker 2: of money from ordinary people and in the process trying 371 00:21:52,280 --> 00:21:55,200 Speaker 2: to make you feel guilty. They can only get away 372 00:21:55,240 --> 00:21:57,800 Speaker 2: with this if you succumb to their guilt, if you 373 00:21:57,920 --> 00:22:01,919 Speaker 2: allow them to emotionally manipulate. It doesn't work without the 374 00:22:01,920 --> 00:22:05,280 Speaker 2: emotional manipulation. And you know what, when this whole, when 375 00:22:05,280 --> 00:22:08,200 Speaker 2: the scam is up, you know to something, When when 376 00:22:08,240 --> 00:22:13,200 Speaker 2: Trump got rid of California's electric car requirement for twenty 377 00:22:13,280 --> 00:22:15,680 Speaker 2: thirty five, I don't see any protests in the street 378 00:22:15,760 --> 00:22:19,120 Speaker 2: I don't see anybody upset because all the past protests 379 00:22:19,119 --> 00:22:19,679 Speaker 2: were fake. 380 00:22:20,920 --> 00:22:24,360 Speaker 1: They were fake, they were paid for. 381 00:22:24,520 --> 00:22:29,600 Speaker 2: Protests, financed by people who would profit from these green 382 00:22:29,720 --> 00:22:33,720 Speaker 2: energy scams. It's like the illegal alien protests. All the 383 00:22:33,800 --> 00:22:38,200 Speaker 2: raids are still going on. It didn't stop anything because 384 00:22:38,240 --> 00:22:45,399 Speaker 2: you can't. But for a time, especially, you know, for 385 00:22:45,680 --> 00:22:48,879 Speaker 2: a group like Charlie, it gets tax money, they'll spend 386 00:22:48,880 --> 00:22:51,800 Speaker 2: the tax money to create a ruckus so they get 387 00:22:51,840 --> 00:22:55,920 Speaker 2: more donations for their cause. But they're not stopping illegal 388 00:22:55,920 --> 00:23:03,520 Speaker 2: immigration deportations, and nobody's affected the climate. This is all 389 00:23:04,080 --> 00:23:08,280 Speaker 2: colossal nonsense that too many people fell for. 390 00:23:10,200 --> 00:23:14,520 Speaker 4: You're listening to John Cobels on demand from KFI AM 391 00:23:14,560 --> 00:23:15,280 Speaker 4: six forty. 392 00:23:15,960 --> 00:23:20,000 Speaker 2: And after four o'clock you will hear the podcast. In 393 00:23:20,000 --> 00:23:23,520 Speaker 2: case you missed what we did today. We just had 394 00:23:23,520 --> 00:23:26,600 Speaker 2: Michael miche on earlier this hour and he talked about 395 00:23:26,640 --> 00:23:31,840 Speaker 2: now now state state modeling data is showing eight dollars 396 00:23:31,920 --> 00:23:37,000 Speaker 2: gallon gas next year that Laro refinery supposed to close, 397 00:23:37,080 --> 00:23:41,800 Speaker 2: and now Gavin Newsom is panicking. He's looking to find 398 00:23:41,920 --> 00:23:46,760 Speaker 2: a buyer for the refinery up in northern California. And 399 00:23:46,800 --> 00:23:49,359 Speaker 2: we'll do more on that tomorrow because that's going to 400 00:23:49,440 --> 00:23:56,560 Speaker 2: be highly entertaining. Now he's panicking often lately, I've been 401 00:23:56,560 --> 00:23:59,280 Speaker 2: telling you about something that should have been covered in 402 00:23:59,359 --> 00:24:01,440 Speaker 2: great detail al and spelled. It would has spared a 403 00:24:01,440 --> 00:24:04,679 Speaker 2: lot of people a lot of heartache. Karen Bass was 404 00:24:04,800 --> 00:24:09,880 Speaker 2: a committed communist back in her younger days, going back 405 00:24:09,880 --> 00:24:13,120 Speaker 2: to the nineteen seventies, when she was in her twenties, 406 00:24:14,800 --> 00:24:17,480 Speaker 2: and she used to go with this, with this then 407 00:24:17,560 --> 00:24:22,440 Speaker 2: Samos Brigade, I think, is how you pronounce it, And 408 00:24:23,000 --> 00:24:25,080 Speaker 2: they go to Cuba. And she went to Cuba eight 409 00:24:25,119 --> 00:24:29,480 Speaker 2: times with this group, and then she afterwards, after she 410 00:24:29,600 --> 00:24:32,000 Speaker 2: left the group, she went many more times. 411 00:24:33,080 --> 00:24:35,720 Speaker 1: And she was completely. 412 00:24:34,840 --> 00:24:40,720 Speaker 2: Enamored with the communist system in Cuba, and really enamored 413 00:24:40,720 --> 00:24:45,040 Speaker 2: with Fidel Castro. Thought he was just so dynamic and charismatic. 414 00:24:45,200 --> 00:24:49,480 Speaker 2: This is all I had newspapers on that time. The 415 00:24:49,600 --> 00:24:54,280 Speaker 2: story popped up today what Cuba is like for some people. 416 00:24:55,320 --> 00:24:57,720 Speaker 2: In fact, you read the first three paragraphs of this story, 417 00:24:57,760 --> 00:25:00,640 Speaker 2: it's from Yahoo News, and it's hard to tell if 418 00:25:00,680 --> 00:25:03,320 Speaker 2: this is a story out of Havana or Los Angeles. 419 00:25:03,880 --> 00:25:08,000 Speaker 2: Talks about a man named William Aybell. William. There's a 420 00:25:08,000 --> 00:25:10,359 Speaker 2: photo of him looking inside a plastic bag that he 421 00:25:10,440 --> 00:25:13,119 Speaker 2: dug out of a trash can. He was scrounging for 422 00:25:13,200 --> 00:25:17,080 Speaker 2: his meal, and what he got out of the trash 423 00:25:17,160 --> 00:25:21,159 Speaker 2: can was rice, vegetables, a chicken bone with no chicken 424 00:25:21,200 --> 00:25:25,879 Speaker 2: meat on it, and flies. So he pulls out a 425 00:25:25,920 --> 00:25:30,119 Speaker 2: meatless chicken bone with flies, rice and vegetables. Sixty two 426 00:25:30,200 --> 00:25:33,159 Speaker 2: years old. He's been sleeping on the streets since his 427 00:25:33,359 --> 00:25:37,800 Speaker 2: house collapsed, and that happens a lot in Havana. 428 00:25:38,000 --> 00:25:39,440 Speaker 1: No, this is not Los Angeles. 429 00:25:39,440 --> 00:25:42,840 Speaker 2: This is Havana because of the dilapidation of many buildings. 430 00:25:43,760 --> 00:25:46,240 Speaker 2: The economy is in ruins. That house is a symbol 431 00:25:46,280 --> 00:25:50,439 Speaker 2: of the economy. Food is the hardest part. I've been 432 00:25:50,520 --> 00:25:54,720 Speaker 2: rummaging through trash cans for two years to eat. It's hard. 433 00:25:55,320 --> 00:25:59,080 Speaker 2: It's hard to understand him, Corney of the reporter, because 434 00:25:59,119 --> 00:26:03,160 Speaker 2: he has many missing teeth. Where's a grimy t shirt. 435 00:26:03,560 --> 00:26:09,480 Speaker 2: Abel's body is a skeletal He admits he used to 436 00:26:09,520 --> 00:26:11,760 Speaker 2: drink quite a lot. He would be at home here 437 00:26:11,760 --> 00:26:15,760 Speaker 2: in La But this is what communist governments and communist 438 00:26:15,760 --> 00:26:19,600 Speaker 2: economics bring you. Abel is one of a group of 439 00:26:19,720 --> 00:26:24,320 Speaker 2: visibly growing beggars and homeless people in a country with 440 00:26:24,400 --> 00:26:28,840 Speaker 2: its worst economic crisis in three decades. The Labor and 441 00:26:28,920 --> 00:26:33,160 Speaker 2: Social Security Minister resigned in Cuba. She claimed there are 442 00:26:33,160 --> 00:26:40,160 Speaker 2: no beggars in the communist state. It's you know, it's 443 00:26:40,280 --> 00:26:44,600 Speaker 2: it's it's socialism. It's communism. Food prices of skyrocketed five 444 00:26:44,680 --> 00:26:48,880 Speaker 2: hundred percent in Cuba. The word poor is never used 445 00:26:48,880 --> 00:26:53,280 Speaker 2: in official communications. They call it vulnerable people. That's what 446 00:26:53,359 --> 00:26:56,600 Speaker 2: left wing people do, is they they invent a new 447 00:26:56,680 --> 00:27:01,280 Speaker 2: language to cover up all the atrocities that their policies cause. 448 00:27:03,760 --> 00:27:06,879 Speaker 2: There's another guy, one de la Cruz. He sat on 449 00:27:06,920 --> 00:27:10,000 Speaker 2: the street with a piece of cardboard that said, please 450 00:27:10,080 --> 00:27:15,479 Speaker 2: something to eat. The social security. The social security that 451 00:27:15,520 --> 00:27:21,399 Speaker 2: they get down there amounts to less than three dollars 452 00:27:21,480 --> 00:27:27,480 Speaker 2: a month. God, you can't even buy a small amount 453 00:27:27,520 --> 00:27:30,840 Speaker 2: of chicken. And even if you go to the soup kitchen, 454 00:27:30,920 --> 00:27:33,919 Speaker 2: the food is bad. You get rice without butter, without oil. 455 00:27:35,119 --> 00:27:38,280 Speaker 2: He sleeps in a very small room, but it's completely empty, 456 00:27:40,840 --> 00:27:44,919 Speaker 2: and one in ten Cuban children live in severe child 457 00:27:44,960 --> 00:27:49,439 Speaker 2: food poverty. They want to elect a socialist communist in 458 00:27:49,440 --> 00:27:51,760 Speaker 2: New York City who wants the government to run the 459 00:27:51,800 --> 00:27:55,919 Speaker 2: grocery stores. We have a socialist communist running Los Angeles. 460 00:27:56,000 --> 00:27:59,720 Speaker 2: There's also one running in Chicago. We have a massive 461 00:27:59,720 --> 00:28:03,080 Speaker 2: amount of homelessness and poverty, drug addicts, and mental patients 462 00:28:03,080 --> 00:28:05,000 Speaker 2: in the streets. By the way, I went to Hollywood 463 00:28:05,080 --> 00:28:08,320 Speaker 2: last night to go see a play. Oh my god. 464 00:28:08,400 --> 00:28:11,440 Speaker 2: I don't know what all the tourists must think when 465 00:28:11,480 --> 00:28:14,600 Speaker 2: they go on their dream vacation with their family. A 466 00:28:14,680 --> 00:28:18,360 Speaker 2: lot of wives and husbands and their kids with them, 467 00:28:18,440 --> 00:28:25,200 Speaker 2: and woof walking down Hollywood Boulevard and all these crazy 468 00:28:25,240 --> 00:28:30,439 Speaker 2: people shouting into the air, garbage everywhere. 469 00:28:29,800 --> 00:28:30,760 Speaker 1: And I'm looking around. 470 00:28:30,840 --> 00:28:34,720 Speaker 2: It's like, why would you allow this area that gets 471 00:28:35,080 --> 00:28:41,040 Speaker 2: millions of tourists to be filled with garbage and dangerous, 472 00:28:41,040 --> 00:28:47,040 Speaker 2: insane people. But you know, you have a mayor who 473 00:28:47,120 --> 00:28:52,120 Speaker 2: is politically formed by her experiences in Cuba. You read 474 00:28:52,120 --> 00:28:55,120 Speaker 2: that story and just cross that Havana and put in 475 00:28:55,160 --> 00:29:00,000 Speaker 2: Los Angeles makes perfect sense. Michael Krauzer is the News 476 00:29:00,120 --> 00:29:02,400 Speaker 2: Way is next. Michael's Live in the CAFI twenty four 477 00:29:02,440 --> 00:29:05,360 Speaker 2: hour Newsroom. Hey, you've been listening to the John Cobalt 478 00:29:05,400 --> 00:29:07,720 Speaker 2: Show podcast. You can always hear the show live on 479 00:29:07,880 --> 00:29:10,800 Speaker 2: KFI Am six forty from one to four pm every 480 00:29:10,840 --> 00:29:13,760 Speaker 2: Monday through Friday, and of course anytime on demand on 481 00:29:13,800 --> 00:29:15,040 Speaker 2: the iHeartRadio app.