Big Digital Energy

0:00 Kirk What's the What's the whale -watching update I mean we don't have any whales floating onto the beach the summer yet but I'm unclear on a clear day you can see you know the fifty or so windows

0:16 that are don't seem to be moving and so that's the current current update there are whales still in the area but not as many and those that do find their way into the territory or are being knocked

0:31 offline by pile driving and surveying and a whole bunch of other stuff so it's unfortunate shows that project going ahead to completion you know I think the Trump administration actually green lighted

0:45 it again which is made a lot of people upset so he had sort of both sides of you know bite administration greenlighted a trump administration put a halt and then they greenlighted it so I'll get an

0:56 update and next week we'll talk about it but A lot of people around here are really upset or all those beaches back open from Yeah They're all Ireland but we haven't had debris float on the south

1:10 shore in awhile but I'm sure it's still there you just don't see it one blade just one black one bland crazy alright so what are we talking about today while I sent the run a show Yeah Nah I thought

1:29 It'd be good to just address the Pennsylvania energy and innovation summit that the President took the time to attend the other day and importantly one of the announcements that came a day after that

1:45 summit was on Tuesday you had Treasury secretary had it was in Pittsburgh Carnegie Carnegie Mellon and in the Big Headline coming out was know Ninety plus billion dollars worth of investment either

2:02 concept or committed I'm not real sure how it all breaks down but you know it kind of caught my attention in that

2:11 one at Texas

2:14 now you know what what what are we doing and keep in Mind Westinghouse is based in Pennsylvania as well I think they've got a plan to build ten reactors across the country obviously he QT is there and

2:30 lo and behold the QT announcement that came out a day later was being the sole gas supplier to the

2:40 what's it called the Homer City

2:44 Giga Campus which is at least name plate on the announcement is thirty two hundred acre site four point four gigawatts of power and a Qt has got I think upwards of a BCF a day as the sole gas supplier

2:59 for that it's actually a conversion because that's the that's the site of an older coal -fired generation plant which obviously makes a ton of sense telling Me I thought we talked about this a couple

3:13 of weeks ago but I mean carnegie mellon had to have been behind this summit correct I mean let's say it's some research institution said hey we want to throw our hand up and be known that Blah Blah

3:29 Blah to pull off a really cool energy summit where's rice and whereas you have H chuck well I think would tell her missing is this is a swing state in twenty twenty eight this you know Texas is going

3:43 to read district before the midterm elections try to pick up five more Republican seats Texas really isn't in play and so I I mean the reason it was hosted in Pennsylvania That's a swing state they're

3:58 going to be mid term congressional races to do as well as prepping vance and whoever for for twenty twenty eight so I think that's why it it it happened in Pennsylvania but You're Right I mean there's

4:15 No Reason Rice University you have a chain 'Em Texas Texas SEC shouldn't be doing this every weekend you know we we talked about the Fermi the Rick Perry led Plan

4:28 or project outside of Amarillo a few weeks ago but you know to get kind of a national spotlight on Pennsylvania I'd I really hadn't thought about the swing state but aspect but it makes a lot of sense

4:44 and in one of the things Chris Wright said in the midst of all this and you know between Wyoming and Pennsylvania talking about minerals in Wyoming and then in Pennsylvania it's notion of look we can

4:59 we can generate a lot of cheap power if we do it on site where the gas is produced is essentially what the message is and you know I think that's that's increasingly look to as an accelerated solution

5:15 because it's Gonna take a long time to build nuclear co -located three mile island is obviously in the middle of this conversation that's also coincidentally Pennsylvania but it just makes more sense

5:31 and particularly with the Marcellus you know you don't as Chris Wright said you don't have to build a bunch of long Haul pipelines and transmission assets etc you get the gas right here we can pipe it

5:48 process at a short distance and then use it in a big combined cycle generator you know what I think we should do You Know what I think the Big Story Here Is If You Look at the CEOs of and an Attendant

6:04 Stanwood Mikeworth Larry faint from black rock was there Dario a mod Day or however you pronounce his last name from Anthropic Amazon Web Services had MAC Garmin there John grave from Blackstone all

6:21 the the Trump administration was there dude we need to be taking a victory lap three years ago three and a half years ago did we ever think that all those folks would be in the same spot highlighting

6:37 energy talking about natural gas this should be a moment for like no complaints no griping sure they could have done things slightly different little better highlight this or highlight that but dude

6:51 look how far we've come cause that would not have We we were not talking this three or four years ago Yeah totally agree it's a you know hopefully the the spark have more momentum and certainly

7:06 groundbreaking and in areas that have these advantages I think it sends a strong message to certainly New York and New England look we're going to do something with this gas could easily piped it into

7:19 New York State and Massachusetts but we're going to do something that captures a lot of value and facilitate you know building our lead and the AI arms race as a country right so I I think You Know I

7:36 thought it was a great event I kind of snuck up on me but the President was leaving the White House the other day and headed to Pennsylvania talking about other things but Yeah I

7:52 certainly certainly a positive have of moving forward Yeah of how far we've actually come I mean if the economics didn't implode it was it was always a matter of time that economics would would win

8:08 the day because the whole clean energy movement was such a push globally I mean think about the what the Chinese and hasn't have been investing for decades into building the infrastructure that pump

8:22 out solar and wind and so many other things you had that you know that Sorta that the Silicon Valley West Coast Tesla movement where electric cars are going to be brand new and then you had all the

8:37 big oil and gas companies like BP what was it twenty years ago beyond petroleum and that whole green strategy which failed but this bandwagon has been a global movement and I don't think it's wise to

8:52 stand up against it by yourself and no one stood up against it but finally now that we see that the subsidies and economics aren't working out you're going to see people like larry fink the guy of all

9:06 people who was totally all in with clean energy turn the other cheek and be like hey no no it's all about economics and look cheap energy so what's that it was about time but it's really hard to fight

9:21 the global momentum it's just really are and I know a we've said this before on BT but let's say it again just so we're on the record for sure I truly believe AI is such a game changer we cannot see

9:37 the lead in that to the Chinese or any of our adversaries out there in the world We truly have to be US US technology companies have to be at the forefront of A I because it's going to be such a game

9:52 changer then in the wrong hands I mean this is Manhattan project level stuff I I truly believe that you're in for a glimpse of what it looks like militarily just take a look at what is doing I know

10:07 we've talked about and roll but no AI changes the entire profile of military engagement military advantage and power so wait what's that you guys sent me the link of the of that company that the

10:27 defense company that has like microwave technology that if there's like a swarm of drones it just shoots it in the air and all the drones like electronics fry and fall like they're basically useless I

10:42 think there's A I think that was an Android demo

10:49 you can go go look that up on YouTube I think It's I think it's out there back in My Shell Days we looked at and all of US invested in electric airplane company and look technology is coming where

11:02 there will be electric airplanes at some point but I just thought man I do not want to be flying by one of those microwave machines and all of a sudden have become have come just a L a heavy lead

11:16 object in the sky not that it wouldn't do it to a regular airplane but at least hydraulic engines of jet engines now maybe the fuel will still flow to those sayings who knows but made me think of my

11:28 first trip to Argentina on a hot barrel dove shoot when I saw that demo Yeah Yeah no doubt just kind of button this up I I think you know he Qt being front and center here and then having that supply

11:42 announcement the the day after the summit it's going to be interesting we're we're about to kick off next week and a heavy MP earnings season I've been a little

11:55 perplexed as to why there's not been more strategic conversation so maybe maybe paying attention to a few of these calls here in the next few weeks might shed some light but it'll be interesting to

12:08 see who who's kind of me too we know diamond backup announced that it was open for business with it's gas and acreage out the Permian but do you know clearly there are some things going on behind the

12:21 scenes but for the most part it's been relatively quiet on this front at least from the NP sector and eventually they'll heed though He'd Chuck's Mantra

12:34 that I Will I will say that I had drink size night with a prominent investment banker in the energy business and kind of his story was February right after the inauguration they went and pitched nine

12:51 mandates for sale side stuff everybody was going to sell tariff talk happen screeching halt and it's kind of been in in standstill ever since and where it's kind of shaking out his tariffs aren't

13:11 going to be as bad as we thought so maybe that sort of stuff is up ten percent but day rates are going down because rigs are dropping so it's actually cheaper you're still just stuck staring at sixty

13:27 five so the economics aren't great enough to go get after it so he he think second half of this year you're going to everybody's just going to accept that as the reality and deals will start pricing

13:42 again but it'll be interesting when you're listening to the to the earnings calls you know what are what are D and C costs do and what our thoughts on him and a see if any of that stuff comes out on

13:56 it yeah just just a new twist meaning turf impact on an old question which twenty years ago there was always the obligatory okay what is inflation doing to service costs and what are your thoughts on

14:10 him and I that this is a little bit of a different animal but the same thing

14:16 but I'm I'm mainly interested to see where the peas are mindset wise and what they're willing to talk about you know is there A is there a potential strategic pivot

14:28 thinking about you know the power side of of their what I would argue to be under underpriced or are undervalued guess assets particularly and in the Permian speaking of the Permian take us the Texas

14:42 pipes while the project Pipeline I don't know where I caught this article but in the last two months you know contrasting it with all the positivity and in Pennsylvania You've had nine gigawatts of

14:59 Generation Projects Cancel and you know batteries and Solar have taken the biggest hit in that chunk of nine gigawatts but natural gas is there to make it's just a continuation of what we've seen as

15:13 the pullback from the Texas energy fun we talked about a few months ago and so tariffs tariff uncertainty and clean energy credit rollbacks are are really really cheap factors there and it's it's more

15:30 of a it's more of an ercot and if I'm for example a natural gas fired generation project sponsor what what is My What does my Economic foundation and my subordinated to you know renewable generation

15:47 where do where would I ultimately fit on the stack I I think some things need to fundamentally change to really go after and certainly the off grid gas for our generation or the power islands which is

16:03 essentially what what's going to happen with this project in Pennsylvania it seems to me like there should be a separation between project sponsors and just the the the the entanglements that you get

16:18 into both politically and economically by trying to play within the grid whatever grid that is ArCATa obviously unique example but we have this huge endowment of cheap natural gas in Texas which

16:33 obviously drove petrochemical Renaissance can do the same thing for power generation but all of this In all this entanglement all of this inertia in the middle of the conversation I just would have

16:45 expected that we would be heading the other way in terms of really seeing a lot more and

16:53 a lot more projects getting def Id I mean Texas has high gas meets the cheapest in the US and it's just sitting there like a loader bazooka I mean why are we mess around with solar subsidies when we

17:06 could be powering AI date data centers with gas and nuclear makes no sense to me I mean we're doing it but we can do so much more and I don't know the you probably know better than I do kirk but what

17:20 what are the logistical and technical issues with citing these Giga campuses out in West Texas where you know what does what does the fiber public like what are the what are the limitations but just

17:37 from the basic reality of as you mentioned Super cheap gas in Wa and that's not going to change structurally anytime soon because gas oil ratios in the Permian do nothing but go up over what's

17:52 happening I mean trump's tariffs and credit credit cuts are those directly related to developers bailing on all these projects that and so the rollback and you know the the the risk of rollback of IRA

18:10 related and Solar energy solar power tax credits and then tariffs in terms of what it means for input costs like solar panels from China

18:23 I think on the natural gas side it has more to do with you know where are we in the hierarchy of generation and so if I'm you know if I'm participating in both the grid and powering a data center

18:37 campus what You know what is my What does my capacity factor look like what are the economics look like plus there's you know there's all kinds of mitigation that have to go along with that and

18:48 rightfully so if you're in A in a E P A non attainment zone in particular for Nox and sox but and and OH by the way we've got plenty of of C O two storage capacity all over the state of tech textures

19:03 just choreographing all that and and in appealing to you know all of the constituents and stakeholders as you build out natural gas fired generation it's getting done elsewhere and but you know Texas

19:17 Texas has been an ercot has been really the poster child for massive massive renewable build out and again subordination on the Gen stack of traditional generation methods so if I'm into fossil fuel

19:37 fired generation Project sponsor what what what AM I looking at in terms of of

19:46 my Return Risk given all those you know those those crosswinds won't call them headwinds

19:54 but I think they actually are I mean I'm I'm I'm I'm hearing from people that I talked to that the fiber optics so kind of a commute a tele communications aspect of a data center just doesn't matter

20:11 then light leg light fiber optics cheap enough that that's not really the driver it does come down to to power costs and availability and so I don't know why we're not building more stuff out there

20:28 maybe we need to get the mayor mana hands on and find out what he's hearing kind of boots on the ground will do will do a BD from the Ben again or Whatever whatever it is they've still got Monahans

20:42 where they make the Monte Cristo Sandwich but find out why he's not getting more I mean you know early days of data centers it was around DC cause the telecommunications the fiber optics mattered and

20:58 that's why you saw it kind of in and around DC and then as it's moved out you see a lot of it happening kind of Dallas Abilene Amarillo but I don't know why we're not closer and in West Texas I mean

21:16 if we Don't Get Our Act together in Texas We're going to be that kid that he is eating glue while Pennsylvania is doing donuts in the parking lot I mean we've got Wahhaj gas wide open land I mean

21:30 urquhart is begging for to bail themselves out of their own stupidity I mean let's build data centers and makes Silicon Valley crime to their Kombucha man unless they're in China whose boss Forget

21:43 Pennsylvania I mean let's just step up and lead it sounds like no one can do it and I'm actually blaming Rice University Chuck your Alma Mater for dropping the ball there letting carnegie Mellon take

21:57 the lead

21:59 a bobby tutor this is on you know I mean maybe Texas ISA legalize Marijuana because if people smoked more maybe they would like have better ideas and play safe area not that solar save it sure doesn't

22:14 work at night so I Dunno why that that's safe but alright if we have a BD listener that's well versed in data centers and and maybe maybe our guys Zane ball who used to be with Intel for all those

22:28 years came on the podcast about a year and a half ago he left Intel and in December may we get zine to come back on and because he went to rice to get him to get him to come on and educate us on why

22:44 we don't have more data centers and in Monahans I know a big ranch out there we can put our more Aggie Ceos and oil and gas at anyone also wired the aggies involve mar

22:60 it's a great question

23:03 they go so are we going to Bash Chris Wright in the segment or We know are OK then get there's plenty there's plenty of that going on only have to you right now alright so what's the Chris ride update

23:18 we're taking a bit of a BT II victory lap here we've been talking about the A and it's it's a departure from objectivity over the past at least couple of years and it really started or Crescendo back

23:32 in May of two thousand and twenty one when they publish the ill fated infamous Net zero by Twenty Fifty which essentially said for you know our base Scenario we should not spend any more money on

23:48 future exploration and development you know it all it all dovetails with the with the prediction that

23:58 oil demand peaks before the end of the decade but there's really been no one in the administration that has really called this out you've had opec calling it out with their constant return fire of of

24:17 missives from the from the Secretary Secretariat but Chris Wright spoke on the issue I forget what the forum was but basically said

24:29 Yea he needs to we would prefer a reform back to the original model but like we've done with the the Paris climate Accords we've threatened to withdraw now I think the US withdrawing from the III

24:48 Ultimately is not the right answer but to have the energy secretary who obviously had had support and sanction from the President to come out firing on the I think is is good timing because the I a

25:03 you know credibility in in the reliance on their data has certainly eroded over time because everyone knows that they've they've been more of an advocate at least part of the I mostly manifest in

25:19 their executive director Fatih barrel and I'll just remind folks that in the entire history of the IRA which started fifty years Ago If an American is never held the executive director seat so if that

25:36 comes out of it and we get a reformed a a back to the original mission of being the best objective data and information adviser and supplier to policymakers I think that's a big win but I I was just

25:53 happy to see that you know obviously the secretary listens to beatty's long time listener and the moment he got his opportunity that he addressed one of our one of our chief chief crusades that we've

26:05 been about here for the last couple of years I mean when coven hit remember the six foot social distancing which was which was some child that came up with that there was no scientific data to support

26:20 it so it was just some kid that basically didn't want his perch chairs crayons I mean the I E a I have been acting like a climate cheerleader not an energy watchdog so I take what Chris is doing Bravo

26:35 Dan and Bravo to BD for calling this out mark you said it years ago but that there hold no new oil and gas mantra is like telling a BBQ joint to go Vegan I mean it's just ridiculous so I think this is

26:51 just as an adult playing amongst children and and chris is just saying I'm going to be an adult we're not going to spend money your until you get your act together y'all are way too harsh they've

27:03 always done a nice job of producing a marginally attractive holiday card so I mean come on they got that going for them never misses an opportunity opportunity to tell us that we're wrong that exactly

27:20 you're correct ha how's that I think I got taken off of that Christmas card list

27:26 Yeah probably so with all your ants alright run Us through the Gulf Coast Refineries what's going on there so you saw the SPR SWaP with Exxon for a million barrels was in the news probably week for

27:42 last you know kind of what's what's that all about and I was surprised digging into it that it's a result of exxon not being able to take

27:54 crude feedstock at Baton Rouge refinery off the the Mars System why is that because Chevron bought a New Gulf of hard for me to say after decades of Gulf of Mexico Gulf of America well that's a source

28:10 of medium sour and so they've had to swap into the SPR for a million barrels because of the zinc contamination caused by a new well flowing into the Mars system In exxon says they're not you know

28:27 they're not going to take any more mars until they get the zinc contamination and cleared up and really what it points to is a larger inventory and supply issue where where does a lot of the medium

28:41 grade and sour grade come from it comes from places like Venezuela and let's not forget Canada and so it really points to a structural problem where you have the the cancellation of licenses on ven

28:56 crude and then you have you know the situation with Canada will just leave it at that and the reality of what the refining complex needs versus what we produce domestically on the crude oil side is

29:13 something that I think just you know throws into a bit more of the spotlight as to if crude is not crude is not crude and and this is when you think about it This is one new welcoming online kind of

29:28 screwing up an entire medium sour system I've I've followed some of this and mostly the comments from from from acts in there's there's just a very poor understanding of how the whole crew to refining

29:45 system works in the US and particularly as it relates to the Gulf Coast and I just just thought it was interesting because the SPR is involved you know what is exxon need to need to quote unquote

29:56 borrow from the SPR well this is why in a single well you know created the system you're running a car your car like gasoline basically as Gasoline is gasoline but if you put you know a cup of water

30:14 your gasoline important that your tank it's bad things are going to happen that's the same thing with refineries they tune those refineries for that medium sour crude That's the lifeblood so if you

30:25 get something come out of the ground that's vastly different which that by the way oil is not just oil those things can blow up bad things can happen so I think that's a big deal but my question is

30:37 who is the trading company that actually turned that seek well I bet teeth there are some traders laughing their aSs off right now they're like hey we're in flip the zinc switch and we're going to go

30:48 Yeah we're going to go short on on West Texas for finery capacity and we're going to make a killing so I'd love to digging it out I think I've told you guys this story but back in the day and the the

31:03 middle of coven somehow the department of energy got on a phone call with Us here at digital wildcatters and they were like Hey we Gotta spend a lot of money you know to prevent a global economic shut

31:20 down What are your ideas for spending money and jay will give Jake Corley credit because this was his idea he said why don't you spend all the money now to revamp all the Gulf Coast refineries so that

31:34 they can take the light sweet crude that's the Shale Revolution that we're producing out in West Texas just bite the bullet now do it and that way we don't have to deal with Venezuela you know et

31:48 cetera and they said that's a really stupid idea

31:54 you know I've always want it it it's a sound so obvious to you and me but when I went and worked for Royal Dutch shell there's something that can GIMP became completely obvious to me upstream and

32:11 downstream and the two don't mix they hate each other they're different people they don't talk to each other and they make separate decisions in life except at the very top so it became clear to me

32:25 that the refining people the downstream people they look at upstream people as if they have two hands and vice versa so I'm wondering if that's similar in almost every organization where the two just

32:38 don't mix when if they did mix it would be yeah let's Retrofit or refineries to take in a sweet crude I mean in fact shell built a giant refinery in Pennsylvania to take to use tear gas to plastics

32:54 which was a great idea but you'd think just retuning some refining capacity on the Texas Gulf Coast would be an easier decision but for some reason these meg organizations just don't like to speak to

33:07 one I I think that was John Rockefeller back in the day and they told him to cut that shit out you know a good variety i I will Validate that it was very much the case at Exxon and the only reason I

33:24 got out of my Upstream bubble in an upstream is always the alpha in that in that year dancing people are boring they don't make money they just keep the lights on Yeah Pennies I got assigned to the

33:39 Valleys project where I got where I got commingled with not only refining but also chemicals and marketing etc and learned a lot about really the refining culture and that's not unique to shells is

33:55 what I'm telling you I know Mike worthless is a downstream guy and he's brought certainly a a a different costs mindset to the leadership of chevron but historically what you've seen is CEOS that have

34:10 spent the predominant part of their career

34:14 as the kind of upstream king of the Hill

34:19 You know that that's just been exxon doesn't have an upstream guy on the board these days that that was a part of the pioneer transaction and Sheffield's F T C stuff that Russell Gould made the big

34:34 point of his you know Hey you're doing the you know half your earnings are from E M P type stuff you know you Ma'am and he and pie person on the Board Hey I mean give Me I've I've been saying this for

34:46 literally over ten years but upstream has been way under invested since that they're they are not investing in exploration technology exploration and of itself is it's easier for them just a bot

35:02 they're they're taking a downstream playbook to upstream which is let's just go buy a barrel someone else found now part of the reason his exploration has been What a mean shell for sure or they've

35:15 just add some so many misses that they they don't have the appetite but I think that's been an underutilized skill and an especially as clean energy came into the play Playbook investing in Upstream

35:32 especially in exploration was a huge know now but I will tell you a joke I I I had a TDP of shell downstream Guide old mentioned his name on air you could probably figure it out but shell downstream

35:49 people at that and then exxon people are the same they think their brand they're like they they're the ones that tell you how valuable their brand is like our brand and I was like really it's so your

36:01 retail locations Blah Blah Blah are like Yeah people say they they seek out a shell station to buy gas from I'm like no that's bullshit people only go to shell because it's the closest or the cheapest

36:17 and they're like Oh my Gosh he didn't know any better brand I'm like no no you don't know anything about people then because people don't give a shit the name on the gas retail station unless they're

36:29 really nice inside they have lights and so forth but the gasoline totally bullshit these guys will go down to their grave fighting for how powerful their brand is and people seek out shell retail

36:44 because it's the shell brand and I'm like oh my Gosh you Guys are crazy the only place I've ever seen I work on a downstream marketing engagement with ARCO in L a back in the day My Management

36:60 consulting Days and I have all the same believe coming from from Exxon but ARCo was unique in L A basin or In Los Angeles County in particular they ran a cash only model they didn't have pay at the

37:19 pump when that was really starting to to take over the landscape back in the nineties and I was stunned to learn that they did two or three times per site the average volume yet their transaction per

37:34 customer on fuel was maybe half or less and it was all cash and so how do you get the throughput etc but ARCo had a real brand advantage of course it was related to the nature of of their cash

37:51 customers and just the the density in that market but that that was a real that was the only real case of distinct kind of retail brand and location advantage in terms of you know commodity gasoline

38:06 to fill up your car if you if you have a brand advantage sixty percent of your stations would not be owned by single families and your profit margins would be above two percent now know so first time

38:24 I ever had a model or downstream and marketing covering any MP company what it was when I covered Murphy and I was stunned to learn that I think fifty percent of their C store profits came from

38:41 tobacco my Favorite Stat I had James Strecker on the podcast and she runs an energy transition for the for the Houston I do When I'm biking on the name but aways she's former be padding she started

38:59 Yeah I've had a Shia she she ran she started in the convenience store group at BP and she said something to the effect of a third of all your inventory stolen and probably two thirds of that is stolen

39:13 by your employees that you know it's just that it's it's impossible so anyway I'll Go first on this and you'll get your response the Epstein list basically the Justice Department came out and said hey

39:32 there's no client list we're not going to prosecute anything nothing to see you know move on case closed it's obviously cause to a big uproar there and you know all the conspiracy theories are running

39:47 wild trump's on the west that's why it's being covered up and

39:53 you know I think my two cents worth on it is as much as they've thrown at Trump impeaching him on a phone call where he released the transcript do you know the law suits where you know basically the

40:09 banks all got paid back or wasn't a victim you know this whole thing about paying hush money covering up a campaign expense which was the same thing hillary Clinton did with the the Steele dossier if

40:24 they really had the epstein goods on Trump I think we would have seen it by now that's kind of been my take on the whole russiagate thing if there really was the pee Pee Tape I think we would have

40:37 already seen it by now I can't imagine that they would show discretion towards confidential information and not you know and not release this given everything else they've thrown at him and that that

40:55 being said really bad things happened there and if Congress wanted to do something about this pass a law that says anyone that signed a non disclosure agreement surrounding the Epstein case is free to

41:12 talk without any sort of ramifications and because the victims need to come forward and testify that's the only way you could you could have a court case brought anyway and it's my understanding

41:26 they're just been tons and tons of India A's and lots of money and and that's really what's what's what's stopping at What Say you I mean the biggest joke

41:40 from well and in this household the biggest joke is when you ask someone from another country and you're like oh why don't want to move there because it's so corrupt and they turn around and say will

41:51 you look to the United States I mean the the challenge is it's like a one sided tennis match they Slammed Epstein in and just lame is Lame Glen whatever name Is with full court press twenty years for

42:07 her jail cell for him and then they suicide down but somehow the other side is empty it's like a prosecuted the coach and forgot the whole Damn T it's like oh wait a minute we have two people all this

42:20 evidence that they were trafficking and doing these things but by the way it's like the VIP has got a free pass to the spectator seats like all the people that were actually involved there's no list I

42:34 mean that as we all know it's too obvious of course there's a list it might not be hey here's a list it's we have all this evidence but somehow we're not prosecuting it smells like fire there is a

42:49 fire and I understand that we have one of the most corrupt governments of our history and that's the reality you just have to we just we we don't like that answer but that is too obvious why how do

43:04 they get epstein I don't think prosecutor that evidence you don't think people in those photos and photos videos documents you don't think anyone's name popped up on that stuff that's called a list I

43:18 just am like let's just be honest or just we have a corrupt government and the real powerful unknown just no one should look or say anything because if you do they're going to go after you and that's

43:27 the fear that's the scary part that's my Two cents in one one one thing I'll add to that is it's not just epstein that's the whole history of prostitution where is the rest of the prostitute we throw

43:41 them in jail and the John the Johns Get off Scot free and that's a that's always been because the Johns are usually powerful people and have connections and you know there there is a there is a there

43:59 is to tell the justice system in America money buys you Freedom i Owe Marks being quiet Marks on the list

44:10 Marty went to the island

44:14 about it it's not funny Yeah Wild Ferret Yes I think what you saw from both Kash Patel and the Inborn geno prior to them being part of this administration and how how aggressive they were on talking

44:33 about it and I believe as you stated kirk where there's smoke there's fire my hope is is that they bungled the PR on this but they're being super careful about dotting I's and crossing T's because if

44:56 they have admitted to having all of this videotape evidence of abuse and so if there are identifiable perpetrators in that hopefully those cases and indictments are being built you know in private and

45:12 confidentially so as to not you know contaminate the ultimate case of the prosecution I'm Cynical I don't think we're going to see that especially when the President is out you know calling it a hoax

45:26 and mostly concocted by Democrats there's just this weird you know

45:35 Jumble of of PR in you know the the rationale changes every time one of the politicians opens her mouth I'm starting to dig into a Mic Benz has been out in the last week or so and has given some

45:49 fairly lengthy

45:52 interviews on podcast about the issue I haven't and I know I know he's been fairly consistent saying this all ties back to Iran Contra which Is way long ago but there's an entire data threat or there

46:09 isn't it he's been saying it for awhile there is an intelligence dimension to all this and so look if there are national security things involved etc then

46:19 I get that but you know but why but why spin up these these PR messages that can also only be

46:31 debunked if if indeed these things are going fundamentally I think that if the if the Justice department and the FBI and the CIA have evidence of

46:45 part evidence of of perpetrators then those cases need to be brought and I I think this is something that you know the majority of the voter base that supported this administration is not going to let

46:57 go of

46:60 nothing but I'm a little bit I

47:04 I am hopeful that they're they're just being Ultra careful so they they have airtight cases when they do ultimately bring them because otherwise you know Yeah I get there are a lot of kind of

47:14 ancillary charges that Glenn Maxwell went to prison on but if if if she's in prison for trafficking and who did she traffic to Yeah Yeah and and and They're They're You Know I'd I'd be all for letting

47:32 her come in and testify to Congress although that that's never Gonna happen either

47:39 Yeah I mean Luck Man It's sad across across the board I don't care about the sovereignty of another nation we are supposedly sovereign so that has anything intelligence that's the thing about

47:54 intelligence like out every time there's this mask a spare see it's like well the American people can't know this it's bad I'm like no no no We'd love to know the the brutal truth so we can rebuild

48:10 the challenges when politicians think oh it's so bad we can't let people know it's like no no no we can handle it it's you don't want to face the ramifications of US now that's the issue same with JFK

48:25 chuck made our data on government debt out other and if we knew that we may more skeptical more libertarian fighting for a constitutional our constitution's over by the way because of this that's the

48:40 whole thing that I think the current administration doesn't realize is there is a list pam clearly saw the list and whether that list was aggregated from a bunch of documents I don't care it's a list

48:55 but now it's like there is no less nothing to see here that current that tears the fabric of the Constitution Because they're the Constitution doesn't explicitly gives powers to the government while

49:09 one of the things they can't hide from US is the fact that there's illegal stuff going on from our own government then we should release that period of story but Hey they're powerful and they'll do

49:20 what they want so

49:22 nothing to see here right well I I commented last night and you know I try not to watch what used to be called cable cable quote unquote news shows but it's it's more celebrity in opinion and on the

49:40 rota of fox programs last night every one of them except one this was the obscene story was was a segment because it was you know is front page news the Democrats were out talking about it pretty

49:53 aggressively Yesterday and this this fracturing of of the Trump base you know the Republicans that are

50:03 that are taking a harder line here and in in demanding that you know we get some disclosure the only one of the the Prime time Fox shows last night that didn't touch it was sean Hannity

50:21 interesting Yeah Nah it was I watched got failed last night and chatted about it so Yeah bandwidth I feel about it the one before Hannity i Guess Jesse waters and they talked about it on the five and

50:36 anyway the only reason I watch that is because there was no baseball on last night of course why aren't you watching the Open I mean I was up at four thirty this morning watching the first call it's

50:51 amazing so schaeffler only hit three three fairways and is what one shot out of the lead Yeah it's three under I mean what's so great about this as Is If you just look at the dark skies and it's

51:04 Ireland people are wearing sweaters but in many ways it reminds me of my Golf Game I mean You've got dark clouds he got invisible targets things that can hurt you that you can't see it's amazing and

51:19 it's so while drunk all while you're well I mean I dunno about them but I

51:26 made the Irish the CRs that's right exactly right they forget our boy Raj good seeing you Guys We'll we'll do it again next week and definitely want our whale report maybe shoot some photos and we'll

51:45 get it to Jacob get him to cut it in perfect will do cheers boys racing on Do your boys and see ya