1 00:00:00,600 --> 00:00:00,840 Speaker 1: Can't. 2 00:00:00,960 --> 00:00:02,040 Speaker 2: I am six forty. 3 00:00:02,080 --> 00:00:05,520 Speaker 3: You're listening to the John Cobel podcast on the iHeartRadio app. 4 00:00:06,200 --> 00:00:09,280 Speaker 3: We're on every day from one until four o'clock. And 5 00:00:09,680 --> 00:00:15,400 Speaker 3: before we get to Mikeriza, former Valero oil and gas 6 00:00:15,480 --> 00:00:20,560 Speaker 3: expert and manager there, Alex Michaelson and the Los Angeles 7 00:00:20,600 --> 00:00:24,160 Speaker 3: Times are both reporting that Rick Caruso is not running 8 00:00:24,160 --> 00:00:27,000 Speaker 3: for mayor of Los Angeles. This came out just a 9 00:00:27,040 --> 00:00:31,639 Speaker 3: few minutes ago. Alex from CNN said he will not 10 00:00:31,760 --> 00:00:36,640 Speaker 3: run for LA mayor according to his political advisor, Mike Murphy, 11 00:00:37,320 --> 00:00:43,960 Speaker 3: and Los Angeles Times also has the same quote or 12 00:00:43,960 --> 00:00:47,479 Speaker 3: the same story. Political consultant for Rick Caruso says he 13 00:00:47,560 --> 00:00:54,480 Speaker 3: will not run. So Caruso is out. Austin Buttner, who 14 00:00:55,080 --> 00:00:58,920 Speaker 3: worked as a school's chancellor and a former deputy in 15 00:00:59,000 --> 00:01:05,240 Speaker 3: the viragostration, he is out. His daughter died of tragic 16 00:01:05,280 --> 00:01:09,600 Speaker 3: death a month ago. So no Caruso, no Austin Buttener. 17 00:01:10,760 --> 00:01:17,320 Speaker 3: We've got Spencer Pratt and other people you've never heard 18 00:01:17,319 --> 00:01:21,920 Speaker 3: of running against Karen Bass. And this comes on the 19 00:01:21,959 --> 00:01:26,640 Speaker 3: heels of the Times exposing the big lie. But Bass 20 00:01:27,200 --> 00:01:30,160 Speaker 3: that all she has to do is tell us who 21 00:01:30,360 --> 00:01:35,560 Speaker 3: did direct the rewrite of the fire department after action report. 22 00:01:36,200 --> 00:01:40,000 Speaker 3: She's not doing that. Neither is Ronnie van Oeva, the 23 00:01:40,040 --> 00:01:42,800 Speaker 3: in or in chief. Neither is Haimi Moore, the current chief. 24 00:01:43,920 --> 00:01:46,640 Speaker 3: Everybody says we're supposed to move on. Nobody's going to 25 00:01:46,720 --> 00:01:49,520 Speaker 3: move on. She told the big lie she needs to resign, 26 00:01:49,600 --> 00:01:51,880 Speaker 3: she needs to be fired, she needs to be replaced. 27 00:01:52,520 --> 00:01:56,440 Speaker 3: We've got tomorrow's last day to file to run for mayor. 28 00:01:56,560 --> 00:01:58,080 Speaker 3: But it's not gonna be Rick Caruso and it's not 29 00:01:58,080 --> 00:02:04,840 Speaker 3: gonna be Austin Butner. All right, Now on to Newsom. 30 00:02:07,560 --> 00:02:11,800 Speaker 3: Newsom has got about a dollars fifty worth of taxes 31 00:02:11,880 --> 00:02:17,040 Speaker 3: laid on the price of gas. And this week I 32 00:02:17,080 --> 00:02:19,799 Speaker 3: didn't check today yet, but the price a couple of 33 00:02:19,880 --> 00:02:23,000 Speaker 3: days ago was two eighty eight nationally for regular and 34 00:02:23,680 --> 00:02:30,120 Speaker 3: four thirty six in California. And the difference is Newsome. 35 00:02:31,040 --> 00:02:38,400 Speaker 3: It's taxes at the pump, taxes on refineries, regulations that 36 00:02:38,520 --> 00:02:43,400 Speaker 3: drive up the price, and the regulations and the price 37 00:02:43,480 --> 00:02:48,000 Speaker 3: is it's so onerous that Valero oil refinery in Benetia 38 00:02:48,280 --> 00:02:53,840 Speaker 3: shut down, started shutting down January thirty first. And we 39 00:02:53,880 --> 00:02:55,680 Speaker 3: also know that a couple of a few months ago. 40 00:02:56,560 --> 00:03:01,480 Speaker 3: The refinery in Wilmington right by Phillip sixty six that 41 00:03:01,560 --> 00:03:09,079 Speaker 3: closed down. So two major, two major refineries are now quiet. 42 00:03:10,120 --> 00:03:12,720 Speaker 3: That's about twenty percent of the refining that goes on 43 00:03:12,800 --> 00:03:15,640 Speaker 3: in this state. We're going to be importing more oil 44 00:03:15,680 --> 00:03:21,280 Speaker 3: from overseas, which is not only expensive, none of the 45 00:03:21,320 --> 00:03:25,280 Speaker 3: other countries have the pollution control as we do. Let's 46 00:03:25,320 --> 00:03:28,200 Speaker 3: get now. Mike Ariza on he's a former manager at 47 00:03:28,280 --> 00:03:32,040 Speaker 3: Valero Oil and gas expert, and he told the California 48 00:03:32,040 --> 00:03:35,560 Speaker 3: Globe this week that the shutdown began on January thirty first, 49 00:03:35,560 --> 00:03:36,960 Speaker 3: about five days ago. 50 00:03:37,520 --> 00:03:40,000 Speaker 2: Mike, how are you good? 51 00:03:40,120 --> 00:03:41,720 Speaker 1: Thanks for having me on, John, how you doing. 52 00:03:42,720 --> 00:03:45,120 Speaker 3: I'm doing well. So tell me what do you know? 53 00:03:45,360 --> 00:03:49,000 Speaker 3: It was beginning of the week they had had that. 54 00:03:49,840 --> 00:03:51,119 Speaker 3: Just go through the whole timeline. 55 00:03:52,240 --> 00:03:54,760 Speaker 1: Well, we need to step back real quick, back to 56 00:03:54,840 --> 00:03:58,360 Speaker 1: twenty twenty three. And while why Valero is such a 57 00:03:58,400 --> 00:04:02,600 Speaker 1: major impact, back in twenty twenty three, the Rodeo and 58 00:04:04,400 --> 00:04:10,960 Speaker 1: Marathon refineries they were converted onto renewable diesels, so they 59 00:04:11,040 --> 00:04:14,760 Speaker 1: shut down. They stopped processing crude oil. Why that matters 60 00:04:14,840 --> 00:04:17,919 Speaker 1: is at that point they are no longer making gasoline 61 00:04:17,960 --> 00:04:21,599 Speaker 1: yet fuel of propane. So back in twenty twenty three, 62 00:04:22,400 --> 00:04:25,800 Speaker 1: we started importing around eighteen to twenty percent of our 63 00:04:25,880 --> 00:04:32,159 Speaker 1: fuel from Singapore, South South Korea, and India. Then Phillips 64 00:04:32,320 --> 00:04:36,200 Speaker 1: sixty six went down, as you know, in October. That 65 00:04:36,360 --> 00:04:40,080 Speaker 1: was another nine to ten percent of our fuel production. 66 00:04:40,720 --> 00:04:45,240 Speaker 1: So we're sitting there with nearly thirty percent of our 67 00:04:45,279 --> 00:04:49,640 Speaker 1: fuel being imported at that point. Now Valero per barrel 68 00:04:49,680 --> 00:04:53,640 Speaker 1: of crude oil, Valero produces more gasoline than any refinery 69 00:04:53,720 --> 00:04:57,960 Speaker 1: in the state. Valero is about twelve percent of our 70 00:04:58,000 --> 00:05:03,400 Speaker 1: gasoline production. So now where we have to import forty 71 00:05:03,520 --> 00:05:06,520 Speaker 1: two to forty four percent of our fuel, roughly sixty 72 00:05:06,520 --> 00:05:10,560 Speaker 1: to seventeen million gallons a day is coming from overseas. 73 00:05:11,720 --> 00:05:14,880 Speaker 1: That's where the Valero's kind of like the tipping point. 74 00:05:14,960 --> 00:05:18,800 Speaker 1: They're down, they're cold by all the major units are 75 00:05:18,839 --> 00:05:22,279 Speaker 1: down now, the crew units down. Originally they were slated 76 00:05:22,320 --> 00:05:27,360 Speaker 1: to go back go down in April, but we I'm 77 00:05:27,400 --> 00:05:30,960 Speaker 1: working in collaboration with Professor Niche and Assemblon and Ellis 78 00:05:30,960 --> 00:05:34,200 Speaker 1: from Bakersfield, and we kind of we were looking at 79 00:05:34,200 --> 00:05:37,039 Speaker 1: that fact that Valero canceled their crew all contracts back 80 00:05:37,080 --> 00:05:39,920 Speaker 1: in October, so we actually had anticipated that they were 81 00:05:39,960 --> 00:05:43,039 Speaker 1: going to go down earlier in what they stated, and 82 00:05:43,120 --> 00:05:45,520 Speaker 1: they act to have done so. 83 00:05:45,520 --> 00:05:48,359 Speaker 3: So they're completely shut down now. And is this is 84 00:05:48,400 --> 00:05:52,440 Speaker 3: this kind of thing irreversible or difficult to restart? 85 00:05:53,720 --> 00:05:56,839 Speaker 1: It's extremely hard to restart because what she ended up doing. 86 00:05:56,880 --> 00:05:58,960 Speaker 1: You know, Valero knew they were shutting down, so they'd 87 00:05:59,080 --> 00:06:02,359 Speaker 1: offer transfers to their sites for some of their employees. 88 00:06:02,400 --> 00:06:05,040 Speaker 1: Some of their employees were tired, some of their employees 89 00:06:05,080 --> 00:06:09,080 Speaker 1: moved on to other jobs. Valero's actually the most complex 90 00:06:09,160 --> 00:06:13,479 Speaker 1: refinery in the state. It takes someone with it's the 91 00:06:13,560 --> 00:06:17,680 Speaker 1: training and more than anything is the experience. So a 92 00:06:17,720 --> 00:06:19,720 Speaker 1: lot of these people are going out of state. I mean, 93 00:06:19,760 --> 00:06:22,120 Speaker 1: think about it. You're in your forties or fifties, and 94 00:06:22,680 --> 00:06:25,799 Speaker 1: you know they offer you a lateral transfer maybe making 95 00:06:25,839 --> 00:06:28,400 Speaker 1: more money in Texas or Louisiana and you get the 96 00:06:28,440 --> 00:06:31,200 Speaker 1: heck out of here. You know, would I would jump 97 00:06:31,200 --> 00:06:31,719 Speaker 1: on it? 98 00:06:32,680 --> 00:06:35,680 Speaker 3: Does it count down to is it was too costly 99 00:06:35,800 --> 00:06:40,040 Speaker 3: to run a refinery in the state of California because 100 00:06:40,080 --> 00:06:41,120 Speaker 3: of the regulations? 101 00:06:42,040 --> 00:06:45,679 Speaker 1: Oh, it's all regulation that absolutely. Valero invested somewhere around 102 00:06:45,680 --> 00:06:48,080 Speaker 1: six with seven hundred million dollars to take their so 103 00:06:48,160 --> 00:06:51,560 Speaker 1: two in particulate matter missions down to zero, and then 104 00:06:51,680 --> 00:06:54,200 Speaker 1: recently the state handed them an eighty two million dollar 105 00:06:54,320 --> 00:06:57,800 Speaker 1: fine off of the cleanest unit in any refinery, all 106 00:06:57,800 --> 00:07:01,760 Speaker 1: the refineries pretty much in the world, these hydrogen generation units. 107 00:07:02,080 --> 00:07:05,560 Speaker 1: They got fined eighty two million dollars. And you know, 108 00:07:05,640 --> 00:07:08,839 Speaker 1: like their airboard was stating, all there's parcentogens, there's a 109 00:07:08,960 --> 00:07:11,560 Speaker 1: reproductive harmony, and so well, in fifty six years that 110 00:07:11,560 --> 00:07:14,200 Speaker 1: that plan has been running, there have been no incidents 111 00:07:14,200 --> 00:07:18,200 Speaker 1: of elevated cancer or reproductive harm in Venetia, the industrial park, 112 00:07:18,280 --> 00:07:22,840 Speaker 1: within the plant itself. So I think that was the 113 00:07:22,880 --> 00:07:25,720 Speaker 1: final between that and the tank farm issue. I think 114 00:07:25,720 --> 00:07:28,680 Speaker 1: that was the final issue where San Antonio said, we're done, 115 00:07:29,040 --> 00:07:31,280 Speaker 1: We're out of here. And in fact, they are taking 116 00:07:31,320 --> 00:07:35,280 Speaker 1: a one point one billion dollar loss just to get 117 00:07:35,280 --> 00:07:36,960 Speaker 1: out of California financially. 118 00:07:37,360 --> 00:07:40,640 Speaker 3: It's a better deal for them to lose a billion 119 00:07:40,720 --> 00:07:43,120 Speaker 3: dollars on the shutdown that it is to stay in 120 00:07:43,200 --> 00:07:48,800 Speaker 3: business long term. Correct, Yeah, And they were and Newsome 121 00:07:48,920 --> 00:07:50,600 Speaker 3: was warned about this for years. 122 00:07:52,760 --> 00:07:54,920 Speaker 1: He's been warned about this for years. And where I 123 00:07:54,920 --> 00:07:56,680 Speaker 1: have I mean, I have a lot of problem issues 124 00:07:56,680 --> 00:07:59,760 Speaker 1: with that guy, but the main one I have right 125 00:07:59,840 --> 00:08:04,280 Speaker 1: now out that impacts the refineries. It's our ability. We're 126 00:08:04,360 --> 00:08:07,040 Speaker 1: at the end. Our state was not designed to import 127 00:08:07,080 --> 00:08:09,680 Speaker 1: this much fuel. Our state was designed to bring crude 128 00:08:09,680 --> 00:08:13,200 Speaker 1: oil in and refine it. We don't have incoming pipelines 129 00:08:13,240 --> 00:08:15,640 Speaker 1: coming from anywhere else in the country. It all has 130 00:08:15,680 --> 00:08:18,680 Speaker 1: to come from overseas. There's only three countries that can 131 00:08:20,000 --> 00:08:22,800 Speaker 1: that can make our gasoline. So it leaves us extremely 132 00:08:22,920 --> 00:08:26,720 Speaker 1: vulnerable when you look at and in recently, you know, 133 00:08:26,800 --> 00:08:29,200 Speaker 1: we had a hijacking of a fuels oil tanker in 134 00:08:29,240 --> 00:08:32,360 Speaker 1: the Indian Ocean. You had the Chevron El Segundo fire. 135 00:08:32,800 --> 00:08:35,719 Speaker 1: We had a big fire on a cargo ship at 136 00:08:35,720 --> 00:08:38,760 Speaker 1: the port of Los Angeles. I've had to personally cut 137 00:08:38,800 --> 00:08:42,920 Speaker 1: back Valero three different times because of weather, big storms 138 00:08:42,920 --> 00:08:46,199 Speaker 1: holding up crude oil tankers, you know, And if something 139 00:08:46,320 --> 00:08:50,840 Speaker 1: happened somewhere in the world, you know, you know, the India, Taiwan, whatever. 140 00:08:51,200 --> 00:08:54,959 Speaker 1: There are so many things that can impact our fuel 141 00:08:55,000 --> 00:08:58,640 Speaker 1: oil supply, our gasoline, our jet fuel, our diesel. They 142 00:08:58,679 --> 00:09:02,120 Speaker 1: are all those things I just engine. They can impact 143 00:09:02,160 --> 00:09:05,319 Speaker 1: our supply. And now we got four point four million 144 00:09:05,360 --> 00:09:09,520 Speaker 1: gallons more a day being imported from overseas. 145 00:09:09,600 --> 00:09:10,400 Speaker 2: All right, can you start? 146 00:09:11,120 --> 00:09:13,040 Speaker 3: Just hang on a second, Okay, I gotta do news 147 00:09:13,160 --> 00:09:15,160 Speaker 3: and we're gonna you can hang on for another segment. 148 00:09:16,440 --> 00:09:17,880 Speaker 2: Oh yeah, okay, sorry interrupt. 149 00:09:18,559 --> 00:09:22,920 Speaker 4: You're listening to John Cobelt on demand from KFI AM 150 00:09:22,920 --> 00:09:23,480 Speaker 4: six forty. 151 00:09:24,920 --> 00:09:28,280 Speaker 3: We continue with Mike Ariza, a former Valero manager and 152 00:09:28,480 --> 00:09:33,000 Speaker 3: oil and gas expert, and uh, he's been explaining what's 153 00:09:33,040 --> 00:09:34,480 Speaker 3: going to happen next. 154 00:09:34,840 --> 00:09:35,080 Speaker 2: Uh. 155 00:09:35,200 --> 00:09:39,760 Speaker 3: Valero closed its Benetia refinery. This had been threatened for months. 156 00:09:39,840 --> 00:09:42,920 Speaker 3: Gavin Newsom was told really for years, they'd rather take 157 00:09:42,960 --> 00:09:48,160 Speaker 3: a over a one billion dollar loss rather than continue 158 00:09:48,160 --> 00:09:52,360 Speaker 3: doing business in California because of the taxes and regulations. 159 00:09:53,440 --> 00:09:57,520 Speaker 3: We had another refinery closed down in October, Phillip sixty 160 00:09:57,559 --> 00:10:02,120 Speaker 3: six in Wilmington. The Chevron Oil Company relocated to Houston. 161 00:10:02,960 --> 00:10:06,760 Speaker 3: And now we're looking at gas prices. I just looked 162 00:10:06,760 --> 00:10:10,200 Speaker 3: it up. It's up three cents from yesterday. California gas 163 00:10:10,200 --> 00:10:14,240 Speaker 3: prices now four dollars and forty cents. The nation average 164 00:10:14,280 --> 00:10:19,679 Speaker 3: is two eighty eight. In Oklahoma it's two thirty six. Mike, 165 00:10:21,040 --> 00:10:23,640 Speaker 3: how how high can this? How high can this go? 166 00:10:26,320 --> 00:10:29,000 Speaker 1: The thing is we're probably getting it with shortages, but 167 00:10:29,360 --> 00:10:32,440 Speaker 1: assuming somehow we managed to might have shortages. It's going 168 00:10:32,480 --> 00:10:35,720 Speaker 1: to probably go to like eight eight and a half, No. 169 00:10:35,520 --> 00:10:42,360 Speaker 3: No, eight and a half dollars a gallon you think, yeah, I. 170 00:10:42,280 --> 00:10:46,240 Speaker 1: Eight forty eight fifty somewhere in there. And that's of everything. 171 00:10:46,600 --> 00:10:48,760 Speaker 1: The problem is right now we're at a limit where 172 00:10:48,760 --> 00:10:51,319 Speaker 1: we can bring fuel in. We don't have We were 173 00:10:51,360 --> 00:10:54,400 Speaker 1: not designed with the infrastructure to bring in all this fuel. 174 00:10:55,080 --> 00:10:58,000 Speaker 1: And for the reasons I stated, that can affect all 175 00:10:58,040 --> 00:11:01,640 Speaker 1: of these ships, tankers coming in. And this is where Newsome, 176 00:11:01,679 --> 00:11:05,320 Speaker 1: he's so disingenuous. He does not have control over this. 177 00:11:06,080 --> 00:11:08,200 Speaker 1: If we were at the edge of how much we 178 00:11:08,240 --> 00:11:11,000 Speaker 1: can bring in and then we have some issue come 179 00:11:11,080 --> 00:11:14,400 Speaker 1: up which directly impacts the fuel coming in, we can 180 00:11:14,520 --> 00:11:18,920 Speaker 1: very quickly go into shortages, possibly severe shortages, I mean 181 00:11:19,000 --> 00:11:22,600 Speaker 1: gas lines. And the difference between the seventies when we 182 00:11:22,679 --> 00:11:25,319 Speaker 1: had the oil embargo was when the oil came back, 183 00:11:25,520 --> 00:11:29,040 Speaker 1: the refiners were still there. We got the country back 184 00:11:29,080 --> 00:11:32,319 Speaker 1: on track. If we have a moderate to severe shortage 185 00:11:32,480 --> 00:11:37,040 Speaker 1: for any number of reasons in California, then we don't 186 00:11:37,040 --> 00:11:39,679 Speaker 1: have the refineries to help us recover out of it, 187 00:11:39,720 --> 00:11:44,679 Speaker 1: to get out of that condition. So Phoenix Las Vegas, Reno, 188 00:11:45,120 --> 00:11:48,560 Speaker 1: and all of California. We're going to be in serious trouble. 189 00:11:48,640 --> 00:11:51,760 Speaker 1: But at best, we're looking at about. 190 00:11:51,520 --> 00:11:53,960 Speaker 3: Eight dollars a eight forty a gallons, So you're talking 191 00:11:53,960 --> 00:11:57,640 Speaker 3: about eight dollars a gallon if nothing bad happens around 192 00:11:57,679 --> 00:12:00,400 Speaker 3: the world, rip that impact. 193 00:12:00,160 --> 00:12:02,840 Speaker 1: No storm, no storms, no storms, hold with the tanker, 194 00:12:02,960 --> 00:12:06,719 Speaker 1: nothing happens at the Port of Los Angeles. Yeah, I 195 00:12:06,760 --> 00:12:09,360 Speaker 1: mean there's so many things and Newsom has no control 196 00:12:09,400 --> 00:12:12,000 Speaker 1: over that. For him to sit there and say, oh, yeah, 197 00:12:12,040 --> 00:12:13,760 Speaker 1: well we're taking care of No, you're not. You don't 198 00:12:13,840 --> 00:12:15,640 Speaker 1: you don't have control over those things. 199 00:12:16,400 --> 00:12:18,720 Speaker 3: Well, he had said that they were going to find 200 00:12:18,760 --> 00:12:21,920 Speaker 3: a buyer somewhere around the world for the Valero refinery, 201 00:12:22,480 --> 00:12:23,160 Speaker 3: and he didn't. 202 00:12:23,320 --> 00:12:29,600 Speaker 1: No. Well no. Another thing too, is Valero doesn't own 203 00:12:29,640 --> 00:12:32,760 Speaker 1: crude oil. There's one reason why Chevron is still here 204 00:12:32,880 --> 00:12:34,839 Speaker 1: up and down in El Segundo and up here in 205 00:12:34,960 --> 00:12:37,880 Speaker 1: Richmond is they owned their crude hole. They sell their 206 00:12:37,920 --> 00:12:41,720 Speaker 1: crude all to their refinery. When Exeon owned Benetia, they 207 00:12:41,760 --> 00:12:44,680 Speaker 1: sold their crude oil to the refinery. If the refinery 208 00:12:44,760 --> 00:12:46,959 Speaker 1: was taking a slight loss, well they're making a lot 209 00:12:46,960 --> 00:12:49,280 Speaker 1: of money on the upstream selling their own oil. They 210 00:12:49,360 --> 00:12:51,480 Speaker 1: right off the midstream, which is the refinery, and then 211 00:12:51,520 --> 00:12:53,559 Speaker 1: you know, the downstream is going out to the consumers. 212 00:12:54,040 --> 00:12:57,560 Speaker 1: Chevron owns their own oil. They're taking big losses at 213 00:12:57,600 --> 00:13:01,280 Speaker 1: their refineries too, but they own their own oil. Oh 214 00:13:01,360 --> 00:13:03,600 Speaker 1: you know, Phillips, all them, they don't own any oil, 215 00:13:03,760 --> 00:13:05,720 Speaker 1: so they have no way to offset. You know, if 216 00:13:05,720 --> 00:13:08,800 Speaker 1: there's minor losses in the refinery, then yeah, you can 217 00:13:08,840 --> 00:13:10,480 Speaker 1: go with the kind of ride it off and the 218 00:13:10,520 --> 00:13:14,280 Speaker 1: rest of the Valero throughout the country in Texas and Louisiana, 219 00:13:14,360 --> 00:13:16,480 Speaker 1: they you know what they're making. They just ride off 220 00:13:16,559 --> 00:13:19,520 Speaker 1: the losses they're taking the Valero. But the velosses, the 221 00:13:19,600 --> 00:13:24,640 Speaker 1: losses have been so egregious because of their environmental regulations. 222 00:13:24,880 --> 00:13:27,520 Speaker 1: And then you know, my favorite one was one they 223 00:13:27,800 --> 00:13:30,680 Speaker 1: leveled that levied that fine on Valero, record fine of 224 00:13:30,720 --> 00:13:34,680 Speaker 1: eighty two million dollars. The city of Benetia got like, 225 00:13:34,760 --> 00:13:37,000 Speaker 1: you know, thirty or forty million dollars of it. And 226 00:13:37,040 --> 00:13:39,880 Speaker 1: the mayor is on the air board of the City 227 00:13:39,960 --> 00:13:42,720 Speaker 1: of Benetia, So help me out here. 228 00:13:44,559 --> 00:13:48,520 Speaker 2: Well, now that it's happened, Uh, what I mean, does 229 00:13:48,520 --> 00:13:49,720 Speaker 2: he have any reaction to this? 230 00:13:49,920 --> 00:13:50,360 Speaker 4: I don't. 231 00:13:50,400 --> 00:13:53,280 Speaker 3: I don't understand this is this is like, uh, this 232 00:13:53,400 --> 00:13:54,040 Speaker 3: is psychonic. 233 00:13:55,320 --> 00:14:00,640 Speaker 1: Well he's mystified, you know, and mystified. I'm concerned. Yeah, 234 00:14:00,640 --> 00:14:04,640 Speaker 1: and Benetia had a fantastic relationship with the refinery. The 235 00:14:04,720 --> 00:14:08,400 Speaker 1: refinery would especially Exon and Valero. They would take their 236 00:14:08,440 --> 00:14:12,520 Speaker 1: firefighters to schools in Texas and Reno. They paid for 237 00:14:12,520 --> 00:14:14,480 Speaker 1: a lot of their equipment. Nisia had some of the 238 00:14:14,559 --> 00:14:17,120 Speaker 1: nicest equipment in the Bay Area. You know, they would 239 00:14:17,160 --> 00:14:19,040 Speaker 1: take care of their schools and stuff like that. Just 240 00:14:19,040 --> 00:14:21,920 Speaker 1: they were really a very good community partner. Well now 241 00:14:21,960 --> 00:14:24,600 Speaker 1: that's gone, that cash cow is gone, and nobody's going 242 00:14:24,640 --> 00:14:26,680 Speaker 1: to come in and buy that refinery. Nobody's going to 243 00:14:26,720 --> 00:14:28,520 Speaker 1: come in and buy it. It's not going to happen. 244 00:14:31,120 --> 00:14:35,040 Speaker 2: This is so crazy, I know. You know that. 245 00:14:36,160 --> 00:14:40,000 Speaker 3: Mike, thanks for coming. We'll talk again. Mike Arisa and 246 00:14:40,040 --> 00:14:42,840 Speaker 3: he's an oil and gas expert. Former Valero manager. Yes, 247 00:14:43,120 --> 00:14:45,520 Speaker 3: Valero said they were going to shut down the Benetia 248 00:14:45,560 --> 00:14:48,800 Speaker 3: refinery and they did did it earlier than expected. So 249 00:14:49,280 --> 00:14:52,760 Speaker 3: between that and Phillips sixty six shutting down, it's La 250 00:14:52,840 --> 00:14:56,920 Speaker 3: Area refinery down in the Wilmington Carson area. We've lost 251 00:14:56,920 --> 00:15:02,480 Speaker 3: twenty percent of the gasline refining capacity. And you heard 252 00:15:02,520 --> 00:15:04,960 Speaker 3: mikeresa says, we are going to be looking at eight 253 00:15:05,160 --> 00:15:09,000 Speaker 3: dollars a gallon down the road. This is all Gavin 254 00:15:09,080 --> 00:15:15,840 Speaker 3: Newsom and his stupid destructive environmental regulations. And if you 255 00:15:16,000 --> 00:15:19,760 Speaker 3: followed what Mike Aresa was saying, there aren't any major 256 00:15:19,800 --> 00:15:23,880 Speaker 3: oil pipelines that come into California from the other states. 257 00:15:24,280 --> 00:15:28,360 Speaker 3: We have to either produce our own oil and refine 258 00:15:28,400 --> 00:15:30,440 Speaker 3: our own oil, or we have to take it in 259 00:15:30,720 --> 00:15:34,720 Speaker 3: from overseas. And there's a limit to how much we 260 00:15:34,800 --> 00:15:39,560 Speaker 3: can take at our ports, and we're already at the limit, 261 00:15:40,480 --> 00:15:42,680 Speaker 3: so we're not going to be able to take much 262 00:15:42,720 --> 00:15:46,120 Speaker 3: more in to offset the loss. And that he said, 263 00:15:46,120 --> 00:15:50,080 Speaker 3: that's assuming nothing bad happens. That you don't have bad weather, 264 00:15:50,360 --> 00:15:54,680 Speaker 3: you don't have oil tankers getting hijacked on the high seas, 265 00:15:54,760 --> 00:15:59,080 Speaker 3: you don't have wars breaking out in countries we depend on, 266 00:15:59,480 --> 00:16:04,160 Speaker 3: or some kind of political instability. If everything goes perfect, 267 00:16:04,600 --> 00:16:07,400 Speaker 3: it's eight dollars a gallon. And we've told you this 268 00:16:07,440 --> 00:16:13,320 Speaker 3: for the last year and nobody does anything about it. 269 00:16:14,840 --> 00:16:19,560 Speaker 3: And Newsom is now mystified. He's the stupidest man alive. 270 00:16:21,760 --> 00:16:25,560 Speaker 3: Absolutely a vegetable more coming up. 271 00:16:26,520 --> 00:16:30,600 Speaker 4: You're listening to John Cobels on demand from KFI A 272 00:16:30,920 --> 00:16:31,400 Speaker 4: six forty. 273 00:16:32,040 --> 00:16:35,480 Speaker 3: If you haven't heard Rick Caruso not running for mayor, 274 00:16:36,680 --> 00:16:40,360 Speaker 3: it was leaked from his one of his political advisors, 275 00:16:40,400 --> 00:16:43,640 Speaker 3: Mike Murphy. Alex Michaelson at CNN had it also. Los 276 00:16:43,680 --> 00:16:48,360 Speaker 3: Angeles Times reported it. Austin Bututer, that's news came out 277 00:16:48,360 --> 00:16:50,680 Speaker 3: this morning. He's not running for mayor either. He's dropped 278 00:16:50,680 --> 00:16:54,120 Speaker 3: out of the race. He suffered a terrible tragedy. His 279 00:16:54,680 --> 00:16:59,960 Speaker 3: daughter was found dead about a month ago in Bombay. 280 00:17:00,640 --> 00:17:03,040 Speaker 3: She was somehow lying on the side of the road 281 00:17:03,480 --> 00:17:06,600 Speaker 3: and that's still a mystery as to how that happened. 282 00:17:07,119 --> 00:17:10,959 Speaker 3: But Rick Caruso is out, Austin Butener is out. The 283 00:17:10,960 --> 00:17:15,399 Speaker 3: deadline to run for mayor is tomorrow, and it is 284 00:17:15,600 --> 00:17:19,439 Speaker 3: Karen Bass, Spencer Pratt and other people you haven't heard of, 285 00:17:20,320 --> 00:17:22,240 Speaker 3: and maybe we'll get to know them soon. 286 00:17:22,320 --> 00:17:23,560 Speaker 2: I don't know. 287 00:17:24,359 --> 00:17:28,679 Speaker 3: And that that ridiculous Lindsey Horvath is threatening to run. 288 00:17:30,560 --> 00:17:34,280 Speaker 3: The best I can say about her is she probably 289 00:17:34,320 --> 00:17:39,000 Speaker 3: wouldn't have flown to Africa right before the fire started. 290 00:17:39,359 --> 00:17:42,320 Speaker 3: But as far as her policies, there is ridiculous and 291 00:17:42,400 --> 00:17:46,800 Speaker 3: destructive as she gets angry when homeless people are removed. 292 00:17:47,560 --> 00:17:49,440 Speaker 3: We'll see if she runs, and if she runs, we'll 293 00:17:49,440 --> 00:17:51,680 Speaker 3: get into that. She does it does, it does, does 294 00:17:51,760 --> 00:17:55,240 Speaker 3: bother greatly when homeless people are are forced off the streets. 295 00:17:55,320 --> 00:17:57,160 Speaker 3: And that's just what we need in the mayor. 296 00:17:57,240 --> 00:17:58,439 Speaker 2: Huh uh. 297 00:17:58,920 --> 00:18:01,159 Speaker 3: So you got Spencer Pratt, and I'm sure we'll be 298 00:18:01,200 --> 00:18:03,880 Speaker 3: talking to him a lot coming up in the next 299 00:18:03,880 --> 00:18:08,639 Speaker 3: few months. The primaries in June, and then if nobody 300 00:18:08,640 --> 00:18:12,679 Speaker 3: gets fifty percent, fifty one percent, then there's the runoff 301 00:18:12,680 --> 00:18:17,199 Speaker 3: in November. Now we're telling you about Gavin Newsom. It 302 00:18:17,280 --> 00:18:20,600 Speaker 3: is impossible to explain to people who are emotionally invested 303 00:18:20,600 --> 00:18:26,840 Speaker 3: in Gavin Newsom. His audience seems to be largely young 304 00:18:26,920 --> 00:18:31,280 Speaker 3: to middle aged women, many of them who are quite 305 00:18:31,320 --> 00:18:37,040 Speaker 3: taken by his handsomeness, As that idiot writer for Vogue said, 306 00:18:37,080 --> 00:18:42,480 Speaker 3: he's embarrassingly handsome and he does incredibly stupid, destructive things. 307 00:18:42,520 --> 00:18:44,680 Speaker 3: The latest is, we were just telling you in the 308 00:18:44,720 --> 00:18:49,639 Speaker 3: first half hour that Valera is closing its refinery in Benetia. 309 00:18:50,320 --> 00:18:50,760 Speaker 2: It was. 310 00:18:53,160 --> 00:18:55,760 Speaker 3: It couldn't sustain the weight of the regulations and the 311 00:18:55,800 --> 00:18:59,240 Speaker 3: taxes anymore, and Valera is now willing to take a 312 00:18:59,280 --> 00:19:04,200 Speaker 3: billion dollar or loss closing the refinery rather than continue 313 00:19:04,200 --> 00:19:08,520 Speaker 3: doing business in California. It's really a huge problem. It's 314 00:19:08,560 --> 00:19:12,720 Speaker 3: twenty percent of our refinery capacity and that cannot be 315 00:19:12,840 --> 00:19:16,199 Speaker 3: replaced here in the state. We don't have oil pipelines 316 00:19:16,240 --> 00:19:19,480 Speaker 3: that come in from other states. We have to take 317 00:19:19,520 --> 00:19:23,159 Speaker 3: it by cargo ship, and we can't. We don't have 318 00:19:23,240 --> 00:19:29,400 Speaker 3: the space and the ports to take any more cargo imports. 319 00:19:29,440 --> 00:19:31,919 Speaker 3: It's really bad. And we just had Michael Reza on 320 00:19:32,000 --> 00:19:33,720 Speaker 3: he's in the gas and oil industry. He said, you 321 00:19:33,760 --> 00:19:35,960 Speaker 3: really are looking at eight dollars a gallon, which we 322 00:19:36,000 --> 00:19:39,440 Speaker 3: warned you about months and months ago, and he says 323 00:19:39,440 --> 00:19:42,880 Speaker 3: it's coming. There's no way it can't come because there's 324 00:19:42,880 --> 00:19:45,320 Speaker 3: gonna be a great shortage of gasoline and oil. This 325 00:19:45,400 --> 00:19:49,960 Speaker 3: of course, gets no coverage at all outside of the 326 00:19:49,960 --> 00:19:54,760 Speaker 3: California Globe. Guess all the left wing progressive journalists and 327 00:19:54,880 --> 00:19:57,880 Speaker 3: editors and producers don't believe it. But they'll be paying 328 00:19:57,920 --> 00:20:00,520 Speaker 3: eight bucks too. But maybe they think that's a appropriate 329 00:20:01,160 --> 00:20:06,520 Speaker 3: because we're helping to protect the environment. Okay, now more 330 00:20:06,600 --> 00:20:10,440 Speaker 3: Gavin knew some stupidity. He held this ridiculous press conference 331 00:20:10,520 --> 00:20:15,639 Speaker 3: yesterday to brag about a high speed rail making progress, 332 00:20:16,480 --> 00:20:18,359 Speaker 3: and he's standing in Wasco. 333 00:20:20,040 --> 00:20:20,719 Speaker 2: Did you see this. 334 00:20:22,359 --> 00:20:24,399 Speaker 3: He's trying to claim that they have enough money to 335 00:20:24,440 --> 00:20:29,480 Speaker 3: build one hundred and nineteen miles segment between Madera and Wasco. 336 00:20:30,480 --> 00:20:31,840 Speaker 2: Now Wasco. 337 00:20:33,200 --> 00:20:36,919 Speaker 3: Borders a town called Shafter, and at times I have 338 00:20:37,040 --> 00:20:40,199 Speaker 3: seen that the high speed rail is going to the 339 00:20:40,280 --> 00:20:42,240 Speaker 3: segment that they want to build is going to end 340 00:20:42,280 --> 00:20:44,960 Speaker 3: in either Shafter or Wassco, but they're side by side. 341 00:20:45,119 --> 00:20:48,160 Speaker 3: The thing is, they're about thirty miles away from Bakersfield. 342 00:20:48,960 --> 00:20:52,520 Speaker 3: So if you took the train one hundred and nineteen 343 00:20:52,560 --> 00:20:55,160 Speaker 3: miles from the north and you took it to the end, 344 00:20:55,560 --> 00:20:57,880 Speaker 3: it would land in Wasco. And then what do you do? 345 00:20:58,840 --> 00:21:03,520 Speaker 3: I mean, Bakersfield is the metropolitan center and there's no 346 00:21:03,600 --> 00:21:08,160 Speaker 3: public transit that goes from Wassco too. And he's bragging 347 00:21:08,200 --> 00:21:10,560 Speaker 3: about this because they hadn't laid track yet, but they 348 00:21:10,560 --> 00:21:13,280 Speaker 3: have a what is it a trailhead they said they have. 349 00:21:13,400 --> 00:21:21,240 Speaker 2: I guess maybe it's the end of the line. Really, 350 00:21:21,280 --> 00:21:22,080 Speaker 2: I looked it up today. 351 00:21:22,080 --> 00:21:24,800 Speaker 3: I said, okay, well, how close is Wassco to Bakersfield? 352 00:21:24,800 --> 00:21:28,240 Speaker 2: And it's like twenty eight miles and then the north. 353 00:21:28,040 --> 00:21:30,720 Speaker 3: End is supposed to end in Madera, which is well 354 00:21:30,840 --> 00:21:35,879 Speaker 3: to the west of Merced. Now there is no market 355 00:21:36,080 --> 00:21:39,199 Speaker 3: to travel between Bakersfield and Merced back and forth, but 356 00:21:39,280 --> 00:21:42,800 Speaker 3: there's even less of a market to travel between the 357 00:21:42,840 --> 00:21:50,800 Speaker 3: Wasco shafter combination up to Madera. These are like small 358 00:21:50,920 --> 00:21:54,000 Speaker 3: dots picked at random, and that's the train line. And 359 00:21:54,040 --> 00:21:57,280 Speaker 3: he held a press conference to announce the progress, and 360 00:21:57,320 --> 00:21:59,800 Speaker 3: then he's putting out videos like promotional. 361 00:22:00,119 --> 00:22:05,040 Speaker 2: He goes and he's standing in front of a freight train, and. 362 00:22:05,000 --> 00:22:07,919 Speaker 3: I guess he thought that most people don't know the 363 00:22:07,960 --> 00:22:10,960 Speaker 3: difference between a freight train and a passenger train, like 364 00:22:11,000 --> 00:22:16,800 Speaker 3: an old freight train as opposed to a futuristic passenger train, 365 00:22:16,840 --> 00:22:18,720 Speaker 3: which is what the high speed rail was supposed to be. 366 00:22:20,440 --> 00:22:22,040 Speaker 2: So it's like, who are you trying a kid? That's 367 00:22:22,080 --> 00:22:25,520 Speaker 2: a freight train. Like he made it look like, hey, 368 00:22:25,880 --> 00:22:28,000 Speaker 2: we made some progress. Look at that, we have a 369 00:22:28,040 --> 00:22:35,880 Speaker 2: train here. What's wrong with him? He's acting more senile 370 00:22:35,920 --> 00:22:36,520 Speaker 2: than Biden. 371 00:22:40,320 --> 00:22:42,280 Speaker 3: Now none of this would matter, but he's leading in 372 00:22:42,320 --> 00:22:47,080 Speaker 3: the polls to be the Democratic candidate, which he'll never be. 373 00:22:47,400 --> 00:22:49,160 Speaker 2: He's not going to be the Democratic candidate. 374 00:22:49,600 --> 00:22:51,840 Speaker 3: I mean, look what we've learned just in the last 375 00:22:52,920 --> 00:22:56,720 Speaker 3: the last half hour. We got eight dollar an hour, 376 00:22:56,960 --> 00:23:02,280 Speaker 3: eight dollar a gallon gas looming. We've got the federal 377 00:23:02,320 --> 00:23:05,040 Speaker 3: government coming in to try to make heads or tails 378 00:23:05,080 --> 00:23:10,480 Speaker 3: out of the Palisades fire situation and the uh Outa 379 00:23:10,520 --> 00:23:14,280 Speaker 3: Dina fire situation. We have bass being exposed for the 380 00:23:14,440 --> 00:23:18,080 Speaker 3: for the big lie because she did rewrite the report, 381 00:23:18,320 --> 00:23:25,520 Speaker 3: and if she didn't, she's not telling who did. H 382 00:23:25,960 --> 00:23:28,720 Speaker 3: and and Newsom's role in this is completely overlooked. He 383 00:23:28,760 --> 00:23:32,000 Speaker 3: didn't predeploy any fire engines to the Palisades. In fact, 384 00:23:32,000 --> 00:23:34,520 Speaker 3: it was his employees that kicked the Los Angeles Fire 385 00:23:34,560 --> 00:23:39,000 Speaker 3: Department off the land where the original fire was still smoldering. 386 00:23:41,119 --> 00:23:50,720 Speaker 3: He's not gonna get the nomination. Then there's this, well, 387 00:23:50,720 --> 00:23:57,880 Speaker 3: it's it's more about high speed rail. High speed rail, 388 00:23:59,160 --> 00:24:02,399 Speaker 3: uh Avan news Him, according to the California Post, is 389 00:24:02,440 --> 00:24:06,800 Speaker 3: desperately trying to keep the secret details of the high 390 00:24:06,840 --> 00:24:11,760 Speaker 3: speed rail project. The California Post has obtained records detailing 391 00:24:11,880 --> 00:24:15,880 Speaker 3: fifty eight separate construction projects built over the past eight 392 00:24:15,960 --> 00:24:20,959 Speaker 3: years between Merced and Bakersfield, and they have pictures of 393 00:24:21,000 --> 00:24:31,960 Speaker 3: this and it Bakersfield and Said have a combined population 394 00:24:32,080 --> 00:24:36,000 Speaker 3: of five hundred thousand, So the cost of adding high 395 00:24:36,000 --> 00:24:38,879 Speaker 3: speed rail service works out to twenty two thousand dollars 396 00:24:38,880 --> 00:24:45,000 Speaker 3: per person. Now, the Democrats are pushing legislation that would 397 00:24:45,400 --> 00:24:48,800 Speaker 3: hide high speed rail audit records from public scrutiny. 398 00:24:50,080 --> 00:24:54,440 Speaker 2: They want to hide the true scale of the high 399 00:24:54,440 --> 00:24:55,439 Speaker 2: speed rail cost. 400 00:24:56,880 --> 00:24:58,960 Speaker 3: Kevin Kylie is onto this, and he says, at the 401 00:24:59,080 --> 00:25:02,439 Speaker 3: very moment we finally started ramping up efforts to figure 402 00:25:02,440 --> 00:25:05,480 Speaker 3: out what happened to all the money, they're taking extraordinary 403 00:25:05,520 --> 00:25:10,440 Speaker 3: action to hide records related to high speed rail. State 404 00:25:10,440 --> 00:25:15,000 Speaker 3: Transportation Committee Chairwoman Laurie Wilson introduced Assembly built sixteen oh eight, 405 00:25:15,240 --> 00:25:18,760 Speaker 3: which would allow the Rail Projects Inspector General to withhold 406 00:25:18,800 --> 00:25:23,240 Speaker 3: reports if they describe or reveal weaknesses that could be 407 00:25:23,320 --> 00:25:27,240 Speaker 3: exploited by individuals trying to harm the interests of the state. 408 00:25:28,560 --> 00:25:33,680 Speaker 3: I guess like federal investigators, Newsom's administration has introduced nearly 409 00:25:33,760 --> 00:25:40,000 Speaker 3: identical separate legislation, according to calmatters dot com, So they've 410 00:25:40,040 --> 00:25:44,240 Speaker 3: introduced legislation that would allow high speed rail to hide 411 00:25:44,359 --> 00:25:51,719 Speaker 3: all its financial all its financial problems. That's what Newsom 412 00:25:51,800 --> 00:25:54,960 Speaker 3: is doing that's how bad it is. It's like Karen 413 00:25:55,040 --> 00:25:58,879 Speaker 3: Bass directed the attorneys to hide for thirty days the 414 00:25:59,000 --> 00:26:04,240 Speaker 3: testimony in the civil lawsuit regarding the Palisades fire has 415 00:26:04,240 --> 00:26:07,840 Speaker 3: she had fifteen attorneys hired so she wouldn't have to 416 00:26:07,880 --> 00:26:10,920 Speaker 3: testify about where her two billion dollars in homeless money 417 00:26:12,000 --> 00:26:12,600 Speaker 3: where that went. 418 00:26:12,720 --> 00:26:13,640 Speaker 2: Now you have Newsome. 419 00:26:14,560 --> 00:26:17,440 Speaker 3: He's pushing a bill through the legislature so all the 420 00:26:17,520 --> 00:26:20,040 Speaker 3: high speed rail financial records can be covered up. 421 00:26:20,960 --> 00:26:21,560 Speaker 2: More coming up. 422 00:26:22,440 --> 00:26:27,080 Speaker 4: You're listening to John Cobels on demand from KFI AM. 423 00:26:26,800 --> 00:26:30,879 Speaker 3: Sixty moistline is eighty seven seven moist steady six eight 424 00:26:31,040 --> 00:26:33,639 Speaker 3: seven seven moist staty six, who used the talkback feature 425 00:26:33,920 --> 00:26:36,280 Speaker 3: on the iHeartRadio app. We're gonna have Lee Zelden on 426 00:26:36,800 --> 00:26:39,879 Speaker 3: next hour. He is the head of the EPA, and 427 00:26:39,920 --> 00:26:47,400 Speaker 3: he's been put in charge of the federal the federal 428 00:26:47,440 --> 00:26:54,960 Speaker 3: intervention into the incompetence of state and local officials in 429 00:26:55,040 --> 00:27:03,720 Speaker 3: rebuilding Altadena and Pacific Palisades of Trumps, said Leezelden. In here, 430 00:27:04,200 --> 00:27:06,679 Speaker 3: we talked with Kelly Loffler yesterday. She's the head of 431 00:27:06,680 --> 00:27:10,359 Speaker 3: the Small Business Administration and they have spent the last 432 00:27:10,359 --> 00:27:13,359 Speaker 3: couple of days touring and meeting with people in the 433 00:27:13,359 --> 00:27:19,360 Speaker 3: Palisades and in Altadena to try to unclog this massive 434 00:27:19,520 --> 00:27:25,480 Speaker 3: bureaucratic jam, try to correct all the idiotic incompetence by 435 00:27:25,560 --> 00:27:29,440 Speaker 3: Karen Bask, Gavin Newsom, and the La County Supervisor Board, 436 00:27:29,640 --> 00:27:33,880 Speaker 3: because none of them are helping out the former homeowners 437 00:27:34,280 --> 00:27:37,000 Speaker 3: of those two towns. So Leez Elden's going to come 438 00:27:37,040 --> 00:27:43,240 Speaker 3: on about three twenty, all right, three twenty. There's another 439 00:27:43,320 --> 00:27:47,280 Speaker 3: investigation coming from the federal government and this is going 440 00:27:47,320 --> 00:27:50,840 Speaker 3: to be chaired by J. D Vance, the Vice President. 441 00:27:52,080 --> 00:27:56,840 Speaker 3: It's a new federal Anti fraud task Force because of 442 00:27:56,880 --> 00:27:59,439 Speaker 3: the billions of dollars of fraud and abuse of the 443 00:27:59,480 --> 00:28:05,919 Speaker 3: welfare and other taxpayer funded programs. And Trump is going 444 00:28:05,960 --> 00:28:08,560 Speaker 3: to sign an executive order establishing the task for US. 445 00:28:08,640 --> 00:28:11,880 Speaker 3: JD Vance as the chairman, Like I said, and they're 446 00:28:11,880 --> 00:28:14,280 Speaker 3: going to be looking to see how much money has 447 00:28:14,320 --> 00:28:22,119 Speaker 3: been built from federal taxpayers for everything Medicare, Medicaid, food stamps. 448 00:28:23,760 --> 00:28:27,560 Speaker 3: You know what's going on. It looks to be tremendous. 449 00:28:29,359 --> 00:28:33,440 Speaker 3: Andrew Ferguson is chairman of the Federal Trade Commission. He's 450 00:28:33,480 --> 00:28:35,479 Speaker 3: going to be the vice chairman and manage the day 451 00:28:35,520 --> 00:28:41,040 Speaker 3: to day operations, and they also have They also have 452 00:28:41,080 --> 00:28:45,960 Speaker 3: Colin MacDonald. He's the fraud investigator at the Department of Justice. 453 00:28:46,200 --> 00:28:48,680 Speaker 3: He's reporting to Pam Bondi, the Attorney General, and the 454 00:28:48,680 --> 00:28:54,280 Speaker 3: Deputy Attorney General, Todd Blanche. And it looks like there 455 00:28:54,320 --> 00:28:58,040 Speaker 3: were people, there were people within the Justice Department that 456 00:28:58,080 --> 00:29:04,760 Speaker 3: were resisting these investigations. The corruption goes very deep. It's 457 00:29:04,760 --> 00:29:07,720 Speaker 3: in the bone marrow of our government. And you could 458 00:29:07,760 --> 00:29:11,880 Speaker 3: see what they've discovered here in California, just what doctor 459 00:29:11,920 --> 00:29:14,959 Speaker 3: Oz was talking about in the videos. He put out 460 00:29:15,640 --> 00:29:20,160 Speaker 3: just a massive hospice, home healthcare fraud in Minneapolis, with 461 00:29:20,240 --> 00:29:24,760 Speaker 3: the childcare fraud. When it all gets added up over 462 00:29:24,760 --> 00:29:28,760 Speaker 3: the next three years, it's going to be overwhelming. Basically, 463 00:29:28,800 --> 00:29:33,440 Speaker 3: the whole world used California as a casino to withdraw 464 00:29:33,600 --> 00:29:37,760 Speaker 3: hundreds of billions of dollars. And this isn't even talking 465 00:29:37,800 --> 00:29:41,640 Speaker 3: about the homeless money, the thirty two billion dollars in 466 00:29:41,720 --> 00:29:45,440 Speaker 3: unemployment money, the high speed rail money. So much of 467 00:29:45,440 --> 00:29:48,480 Speaker 3: your tax money, state and federal tax money has been stolen, 468 00:29:49,120 --> 00:29:50,400 Speaker 3: just flat out stolen. 469 00:29:51,480 --> 00:29:54,720 Speaker 2: And now jd. 470 00:29:54,880 --> 00:29:57,760 Speaker 3: Vance is going to lead this task force here in 471 00:29:57,800 --> 00:30:02,080 Speaker 3: California newsib is going to get nothing but horrific headlines 472 00:30:02,120 --> 00:30:06,959 Speaker 3: for the next three years because he drove this place 473 00:30:07,520 --> 00:30:11,680 Speaker 3: off the cliff into oblivion and now it's payback time. 474 00:30:13,240 --> 00:30:17,680 Speaker 3: And all the Vogue profiles in the world describing in 475 00:30:17,800 --> 00:30:21,120 Speaker 3: the describing him as embarrassingly handsome is not going to 476 00:30:21,200 --> 00:30:24,240 Speaker 3: save him. And we should just sit back and enjoy 477 00:30:25,520 --> 00:30:28,200 Speaker 3: when all right, three twenty, we're gonna have Lee Zelden on. 478 00:30:28,320 --> 00:30:30,520 Speaker 3: Deborah Mark has the news live in the KFI twenty 479 00:30:30,520 --> 00:30:31,320 Speaker 3: for our newsroom. 480 00:30:31,440 --> 00:30:32,320 Speaker 2: Hey, you've been. 481 00:30:32,320 --> 00:30:35,040 Speaker 3: Listening to The John Cobalt Show podcast. You can always 482 00:30:35,040 --> 00:30:37,720 Speaker 3: hear the show live on KFI Am six forty from 483 00:30:37,720 --> 00:30:40,120 Speaker 3: one to four pm every Monday through Friday, and of 484 00:30:40,200 --> 00:30:43,240 Speaker 3: course anytime on demand on the iHeartRadio app.