Latest / The Matt Walsh Show / Gas Prices Are Out Of Control. Here's What No One Is Telling You.

Transcript

Gas Prices Are Out Of Control. Here's What No One Is Telling You. · The Matt Walsh Show

• 0:00
  Speaker 1: Conventional wisdom is that high gas prices are the result
• 0:04
  Speaker 1: of the war in Iran, that they're going to result
• 0:06
  Speaker 1: in heavy losses for the Republicans in the midterms, and
• 0:09
  Speaker 1: that the cost of living is going to remain high
• 0:11
  Speaker 1: for the foreseeable future. But this consensus view, while not
• 0:15
  Speaker 1: entirely wrong, is actually a simplistic and very optimistic version
• 0:19
  Speaker 1: of events. The truth is actually worse than what conventional
• 0:23
  Speaker 1: wisdom says. The truth is that we're now careening towards
• 0:26
  Speaker 1: a potentially historic energy crisis and solving it Won't be
• 0:31
  Speaker 1: easy because it's a physics problem, not simply an economic one.
• 0:35
  Speaker 1: There are a lot of theories about where this potential
• 0:38
  Speaker 1: energy crisis is coming from. We just spoke to a
• 0:40
  Speaker 1: White House official off the record who posited one theory,
• 0:43
  Speaker 1: which we'll talk about in just a moment.
• 0:45
  Speaker 2: But before we get to that, we need.
• 0:47
  Speaker 1: To establish that as hysterical as it may sound and
• 0:52
  Speaker 1: as depressing as it is maybe to hear on a Monday,
• 0:54
  Speaker 1: it is indeed the case that a full-blown catastrophic energy
• 0:58
  Speaker 1: crisis could be.
• 0:59
  Speaker 2: On the horizon.
• 1:00
  Speaker 1: In fact, that is actually becoming something of a mainstream
• 1:04
  Speaker 1: opinion if you know where to look. According to analysts
• 1:07
  Speaker 1: at major financial institutions, including JP Morgan, we could soon
• 1:10
  Speaker 1: realistically hit the operational floor for the global energy system,
• 1:14
  Speaker 1: which in the worst case scenario could lead to the
• 1:17
  Speaker 1: point where pipelines lose pressure, refineries have to shut down
• 1:21
  Speaker 1: to protect their equipment, and gas stations run out of
• 1:24
  Speaker 1: fuel to sell. Now, nobody really talks about this, but
• 1:27
  Speaker 1: as it turns out, Fuel infrastructure requires a certain minimum
• 1:31
  Speaker 1: amount of fuel to function. So think of it like
• 1:34
  Speaker 1: your body requires a certain amount of blood running through
• 1:37
  Speaker 1: the veins or else it will shut down completely. When
• 1:40
  Speaker 1: it comes to our oil infrastructure, that buffer is now
• 1:43
  Speaker 1: in danger of failing, and it's not entirely because of
• 1:45
  Speaker 1: the war in Iran, which becomes clear when you realize
• 1:49
  Speaker 1: that the vast majority of oil exports from the Middle
• 1:52
  Speaker 1: East are sent to Asia, not the Americas. But there
• 1:56
  Speaker 1: is a supply shock, and we need to talk about
• 1:59
  Speaker 1: it because the magnitude of the risk can't be overstated.
• 2:04
  Speaker 1: Every civilization requires energy to function. Without energy, we go
• 2:09
  Speaker 1: back to the Stone Age. I mean, look what's happening
• 2:12
  Speaker 1: right now in Europe. It was just a few years
• 2:14
  Speaker 1: ago that Germany, the biggest economy in Europe, got rid
• 2:18
  Speaker 1: of all of their nuclear power plants. They shut them
• 2:20
  Speaker 1: all down in favor of renewables. And they laughed at anybody,
• 2:24
  Speaker 1: including Donald Trump, who said that they were making a
• 2:26
  Speaker 1: fatal mistake, even though they obviously were. And around the
• 2:30
  Speaker 1: same time, Germany ran out of firewood completely. The price
• 2:33
  Speaker 1: went up 100 percent and then nobody could buy it anymore.
• 2:37
  Speaker 1: Loggers put GPS trackers on their firewood because theft became
• 2:41
  Speaker 1: so rampant. People began using wood chips in desperation in
• 2:45
  Speaker 1: neighboring Poland. Instead of lining up outside the Apple store
• 2:49
  Speaker 1: for the latest iPhone, people were queuing for days outside
• 2:52
  Speaker 1: of coal mines. hoping for some fuel. Now, this statistic
• 2:56
  Speaker 1: sounds too insane to be true, but it is true.
• 3:00
  Speaker 1: Every year in Europe, more than 360,000 people die from
• 3:05
  Speaker 1: cold-related excess mortality, otherwise known as cold temperatures. And that
• 3:10
  Speaker 1: includes many elderly people living in their homes, which don't
• 3:13
  Speaker 1: have adequate heating and other causes. Now, that's more than
• 3:17
  Speaker 1: eight times the number of Europeans who die from heat-related causes,
• 3:20
  Speaker 1: which is pretty inconvenient if you're a big believer in
• 3:23
  Speaker 1: global warming. Turns out the problem is maybe the opposite.
• 3:28
  Speaker 1: In the United States, by contrast, we only have around 1,000
• 3:30
  Speaker 1: hypothermia deaths per year, mostly drunk people who get lost
• 3:34
  Speaker 1: in the woods during the winter, homeless drug addicts.
• 3:39
  Speaker 2: And that sort of thing.
• 3:40
  Speaker 1: But even by the most liberal estimates, only around 40,000
• 3:43
  Speaker 1: Americans die annually for a reason that can be linked
• 3:46
  Speaker 1: in some tangential way to cold temperatures. So here's another
• 3:50
  Speaker 1: way to measure the distinction, to put it in perspective.
• 3:53
  Speaker 1: In America, around 44,000 people die from so-called gun violence
• 3:59
  Speaker 1: every year.
• 3:59
  Speaker 2: That includes mass shootings and suicides.
• 4:03
  Speaker 1: That's a whopping 12% of the total number of people
• 4:07
  Speaker 1: who die in Europe every year from cold weather. So
• 4:11
  Speaker 1: anytime you hear Europeans claim that America is dangerous because
• 4:14
  Speaker 1: of all the quote unquote gun violence, tell them that
• 4:18
  Speaker 1: Europe is dangerous because people freeze to death all the time.
• 4:22
  Speaker 1: And these are numbers that are unthinkable in the United States.
• 4:24
  Speaker 2: But if we continue on this.
• 4:26
  Speaker 1: Trajectory, they're not going to be unthinkable forever. We've taken
• 4:31
  Speaker 1: our energy production for granted, and that could be a
• 4:34
  Speaker 1: fatal mistake in a very literal sense. And before I
• 4:38
  Speaker 1: go into detail about how exactly we might see a
• 4:40
  Speaker 1: failure of global energy infrastructure, I want to start with
• 4:44
  Speaker 1: this communication that I just mentioned that we just received
• 4:46
  Speaker 1: from a former White House official. Now, I don't normally
• 4:50
  Speaker 1: share communications with Washington insiders for the simple reason that
• 4:53
  Speaker 1: I don't know any Washington insiders, nor do I have
• 4:56
  Speaker 1: any interest in knowing any Washington insiders. Most people in
• 4:59
  Speaker 1: conservative media go to great lengths to cultivate relationships in Washington.
• 5:04
  Speaker 1: My approach is essentially the opposite of that. But this
• 5:07
  Speaker 1: former White House official got in touch with one of
• 5:10
  Speaker 1: my producers over the weekend while talking about high gas prices.
• 5:15
  Speaker 1: And I thought this statement was interesting, so I'll pass
• 5:17
  Speaker 1: along what the official said.
• 5:19
  Speaker 2: Quote, it's Zelensky.
• 5:21
  Speaker 1: It's literal Western civilization suicide. Europe and the United States
• 5:25
  Speaker 1: are funding their own energy crisis. Now, at first when
• 5:30
  Speaker 1: I heard that, it sounded like typical White House messaging
• 5:32
  Speaker 1: to me. Obviously, they want to distract attention from the
• 5:35
  Speaker 1: war in Iran. which does also play a part, is
• 5:40
  Speaker 1: a factor in this whole picture, obviously. And they want
• 5:44
  Speaker 1: to blame Ukraine for high gas prices. Let's take the claim.
• 5:48
  Speaker 2: Seriously for a second.
• 5:49
  Speaker 1: So this is footage of President Trump speaking at a
• 5:52
  Speaker 1: golf tournament just a week ago.
• 5:54
  Speaker 2: Listen. Mr.
• 5:56
  Speaker 3: Zelensky has to do one thing. He has to stop
• 5:59
  Speaker 3: knocking out diesel fuel in Russia. Let him go after targets,
• 6:04
  Speaker 3: but not diesel fuel, because he's causing... A shortage of diesel.
• 6:08
  Speaker 3: This isn't done by the Middle East. This is done
• 6:10
  Speaker 3: by what's happening with Russia and Ukraine. So we spoke
• 6:14
  Speaker 3: to Mr. Zelensky about it. There are plenty of other targets.
• 6:17
  Speaker 3: Don't hit diesel fuel because that's hurting the world. We
• 6:20
  Speaker 3: don't want him to hit diesel.
• 6:23
  Speaker 4: Fuel.
• 6:24
  Speaker 3: He's hitting diesel refineries.
• 6:27
  Speaker 1: Okay, so one day after those comments, Trump posted the
• 6:30
  Speaker 1: following message on Truth Social. He said, quote, Ukraine has
• 6:34
  Speaker 1: agreed not to hit Russian energy targets. Russia has agreed
• 6:37
  Speaker 1: to do likewise. Now, we have no reason to think
• 6:40
  Speaker 1: that Trump was lying about this. It would certainly be
• 6:42
  Speaker 1: a strange thing to make up. And indeed, if true,
• 6:45
  Speaker 1: it would be a major breakthrough. Ukraine has been bombing
• 6:48
  Speaker 1: Russia's fuel infrastructure, their fuel depots, storage tanks, pumps and
• 6:52
  Speaker 1: so on for a long time now. They've reportedly taken
• 6:56
  Speaker 1: out roughly a third of Russia's refining capacity. which has
• 6:59
  Speaker 1: led Russia to ban the foreign sale of its diesel,
• 7:02
  Speaker 1: which is no small thing since Russia is or was
• 7:05
  Speaker 1: the second largest diesel exporter.
• 7:07
  Speaker 2: In the entire world.
• 7:09
  Speaker 1: This is why diesel is now more expensive than it's
• 7:11
  Speaker 1: ever been in recorded history, at more than $ 6 a gallon. Yes,
• 7:16
  Speaker 1: diesel is right now more expensive than it has ever been.
• 7:21
  Speaker 1: So there's the chart, just to prove it if you
• 7:24
  Speaker 1: didn't believe it. And how does this affect you? Well,
• 7:28
  Speaker 1: I think that should be pretty obvious. It affects you, obviously.
• 7:30
  Speaker 1: But there are two main ways. First of all, pretty
• 7:32
  Speaker 1: much everything you buy was transported on a semi truck
• 7:35
  Speaker 1: or a cargo ship or a freight train at some point,
• 7:39
  Speaker 1: all of.
• 7:39
  Speaker 2: Which run on diesel.
• 7:41
  Speaker 1: And when diesel supply goes down, price goes up, which
• 7:44
  Speaker 1: means the costs are passed along to you when you
• 7:47
  Speaker 1: buy things at the grocery store or Amazon or anywhere else.
• 7:50
  Speaker 1: And secondly, refineries outside of Russia are now yield switching
• 7:53
  Speaker 1: to diesel to maximize their profits, meaning they're refining less products.
• 7:57
  Speaker 1: regular gasoline as a result, which drives up the price
• 8:00
  Speaker 1: of regular gasoline. Remember, diesel and regular gas come from
• 8:03
  Speaker 1: the same barrel, but many refineries are capable of switching
• 8:07
  Speaker 1: their output to some degree. According to Goldman Sachs, the
• 8:09
  Speaker 1: price difference between diesel and gasoline in the United States
• 8:13
  Speaker 1: is now over $ 60 per barrel when it was just
• 8:16
  Speaker 1: $ 3 a barrel one year ago. So there's much, much
• 8:20
  Speaker 1: more money to be made refining diesel right now. And
• 8:24
  Speaker 1: because refineries are already operating at full capacity, any effort
• 8:28
  Speaker 1: to refine more diesel means that less gasoline will be refined.
• 8:32
  Speaker 1: And that's why global exports of gasoline have dropped 24%
• 8:34
  Speaker 1: in the past year.
• 8:36
  Speaker 2: Everyone's switching to diesel, if they can swing it.
• 8:39
  Speaker 1: From March to August of this year, diesel yields in
• 8:41
  Speaker 1: the United States are well above their historical averages, while
• 8:44
  Speaker 1: gasoline yields have been cut. And meanwhile, demand for gasoline
• 8:48
  Speaker 1: has not gone down. In fact, it's gone up, especially
• 8:51
  Speaker 1: in Russia, since many of their oil refineries have been
• 8:53
  Speaker 1: blown up. So If Ukraine agreed to stop bombing Russian
• 8:57
  Speaker 1: refineries and allowed the world's number two diesel exporter to
• 9:01
  Speaker 1: get back to refining diesel, that would be good news
• 9:04
  Speaker 1: for the American consumer unequivocally. And that's what Trump said
• 9:08
  Speaker 1: was happening on Monday. But that night, Ukraine's leader, Zelensky,
• 9:12
  Speaker 1: spoke to reporters and contradicted the president. He stated that, quote,
• 9:15
  Speaker 1: there's now a strong U.S. proposal for a mutual halt
• 9:17
  Speaker 1: to strikes on critical infrastructure. And Zelensky said that Ukraine
• 9:21
  Speaker 1: is ready to support de-escalation, but only if Russia would agree,
• 9:24
  Speaker 1: in turn, to stop bombing Ukraine's infrastructure. Okay, fast forward
• 9:29
  Speaker 1: six more days to last night, and Zelensky has clearly
• 9:33
  Speaker 1: given up on that whole plan. He posted this footage
• 9:37
  Speaker 1: of burning Russian refineries, demonstrating quite clearly that Ukraine has
• 9:41
  Speaker 1: actually doubled down on their strategy of destroying Russia's fuel infrastructure.
• 9:46
  Speaker 1: On social media, Zelensky then bragged that About what he
• 9:49
  Speaker 1: had done, quote, our long range responses had a very
• 9:52
  Speaker 1: significant impact in the Moscow region last night. One of
• 9:55
  Speaker 1: Russia's key oil industry facilities and the aggressor's logistics facilities
• 9:59
  Speaker 1: were hit. These are billions of dollars that sustain the
• 10:01
  Speaker 1: war machine. I thank our warriors for their accuracy, the
• 10:05
  Speaker 1: security service of Ukraine, together with the unmanned systems forces,
• 10:08
  Speaker 1: the special operation forces, the defense intelligence of Ukraine, and
• 10:11
  Speaker 1: the foreign intelligence service. I thank everyone who is strengthening
• 10:14
  Speaker 1: Ukraine's long-range capabilities. I'm grateful to everyone who complements our
• 10:19
  Speaker 1: Long-range responses with responses through sanctions.
• 10:22
  Speaker 2: Glory to Ukraine. Now, remember when we were.
• 10:26
  Speaker 1: Supposedly arming Ukraine with defensive weapons and gave them explicit
• 10:30
  Speaker 1: instructions not to escalate the war by bombing Russian infrastructure?
• 10:35
  Speaker 1: Shortly before the Biden administration left power, they rescinded those restrictions,
• 10:39
  Speaker 1: and apparently under the Trump administration, Zelensky is happy to
• 10:43
  Speaker 1: say one thing and do another.
• 10:45
  Speaker 2: No one is stopping him.
• 10:46
  Speaker 1: So now he is openly celebrating a military campaign that,
• 10:49
  Speaker 1: in addition to raising the possibility of World War III
• 10:52
  Speaker 1: in a very direct way, is also making day-to-day life
• 10:56
  Speaker 1: much more miserable for millions of Americans. So why would
• 11:01
  Speaker 1: he do that? Why in a million years would he
• 11:04
  Speaker 1: dream of doing such a thing? Let's go through the numbers,
• 11:07
  Speaker 1: if only to provide some historical context. By some estimates
• 11:10
  Speaker 1: this year, we've seen the largest surge in gas prices
• 11:13
  Speaker 1: in percentage terms from January to the summer peak of
• 11:18
  Speaker 1: any midterm election year in the past century. And it's
• 11:21
  Speaker 1: not even close. So gas has now reached $ 4. 48 a
• 11:25
  Speaker 1: gallon on average, which is roughly $ 1. 20 more than last year.
• 11:31
  Speaker 1: The typical sedan is now around $ 20 more expensive to
• 11:34
  Speaker 1: fill up as compared with 2025. And if you drive
• 11:37
  Speaker 1: an SUV or a truck, you're easily paying $ 30 or
• 11:39
  Speaker 1: $ 40 more than you used to. You're paying around 52%
• 11:43
  Speaker 1: more for gas at the moment compared to January. The
• 11:47
  Speaker 1: previous record in a midterm election year was dramatically lower,
• 11:50
  Speaker 1: just a 27% increase in the price of gas all
• 11:53
  Speaker 1: the way.
• 11:53
  Speaker 2: Back in 2002.
• 11:55
  Speaker 1: So we have doubled the previous record when it comes
• 11:59
  Speaker 1: to the increase in the price of gas. This is
• 12:03
  Speaker 1: uncharted territory in the modern history of this country. And
• 12:07
  Speaker 1: don't take my word for it. CNN brought out the
• 12:10
  Speaker 1: nerd with the totally unnecessary smart board thing to tell
• 12:13
  Speaker 1: you the same thing.
• 12:14
  Speaker 2: Watch.
• 12:16
  Speaker 4: During the course of a midterm year, but never this high.
• 12:18
  Speaker 4: This is record-breaking. We are talking record-breaking for a midterm
• 12:22
  Speaker 4: this century. Changing gas prices from January 1 to September 14.
• 12:26
  Speaker 4: The average for a midterm cycle this century is 18%.
• 12:29
  Speaker 4: But look at this on the right side of the screen.
• 12:32
  Speaker 4: 52% rise this year. 52% rise this year. Up like
• 12:36
  Speaker 4: a rocket, right?
• 12:36
  Speaker 2: Look at that.
• 12:37
  Speaker 4: My goodness gracious. By far the highest on record. The
• 12:39
  Speaker 4: prior high was just 27%. This is nearly double the
• 12:43
  Speaker 4: prior record high.
• 12:45
  Speaker 2: We are talking really, really large jump.
• 12:51
  Speaker 1: As always, it's a good thing to have him there
• 12:52
  Speaker 1: circling the big number, the big red number, 52%. It's
• 12:56
  Speaker 1: in huge red block letters and it says 52% and
• 13:00
  Speaker 1: then there's an arrow pointing up. But if you didn't
• 13:04
  Speaker 1: notice it, then he's there to circle it also in
• 13:06
  Speaker 1: case you didn't see it. Anyway, that's not even getting
• 13:09
  Speaker 1: into the cost of groceries or heating oil, which is
• 13:12
  Speaker 1: a pretty big deal for the millions of Americans who
• 13:14
  Speaker 1: would prefer to survive the winter. Home heating oil prices
• 13:18
  Speaker 1: just came out, and they've increased by around 75% year
• 13:21
  Speaker 1: over year in parts of the Northeast, including in Maine,
• 13:25
  Speaker 1: where several very important races are going to be decided
• 13:28
  Speaker 1: in November. Control of Congress could very well come down
• 13:31
  Speaker 1: to how people vote in Maine, and as it stands,
• 13:34
  Speaker 1: it's not looking very good. In fact, it's not even
• 13:37
  Speaker 1: looking good in Kansas anymore, where Republicans have won every
• 13:40
  Speaker 1: Senate race since 1932. The incumbent Senator Roger Marshall was
• 13:45
  Speaker 1: just booed by a large crowd at the state fair.
• 13:48
  Speaker 1: And the chair of the Kansas Republican Party, in an
• 13:50
  Speaker 1: interview with The Wall Street Journal, is publicly asking national
• 13:54
  Speaker 1: Republican groups to spend more money in the state, which
• 13:56
  Speaker 1: is never a good sign. As the chair put it, quote,
• 14:00
  Speaker 1: Kansas gets overlooked a lot because we are reliably red.
• 14:03
  Speaker 1: But this is a weird cycle. Yes, this is a
• 14:07
  Speaker 1: weird cycle. Now, even taking into account that the incumbent
• 14:11
  Speaker 1: party usually loses seats in a midterm election, this is
• 14:15
  Speaker 1: shaping up to be a very weird cycle indeed. And
• 14:19
  Speaker 1: that's very good news for Zelensky, who has obvious reasons
• 14:22
  Speaker 1: to prefer a Democrat-controlled Congress. Ever since the war in
• 14:26
  Speaker 1: Ukraine began, Democrats have been unanimous in their support for
• 14:29
  Speaker 1: White writing blank checks to Zelensky. As recently as this summer,
• 14:33
  Speaker 1: the House passed a $ 9 billion aid package for Ukraine
• 14:36
  Speaker 1: that by a vote of 226 to 195 with near
• 14:40
  Speaker 1: unanimous Democrat support. The only no vote was Ilhan Omar,
• 14:43
  Speaker 1: who didn't like the sanctions against Russia.
• 14:45
  Speaker 2: That were included in the bill.
• 14:47
  Speaker 1: A grand total of 18 Republicans supported the aid package.
• 14:50
  Speaker 1: So there's no question that for Zelensky, it would be
• 14:53
  Speaker 1: very beneficial for Republicans to suffer a massive defeat in
• 14:56
  Speaker 1: the midterm elections. He wants to flood Congress with Democrats
• 15:00
  Speaker 1: who will vote to send Ukraine even more money. And
• 15:03
  Speaker 1: one way to do that, of course, is to give
• 15:05
  Speaker 1: Americans a reason to despise their incumbents. Destroying the world's
• 15:09
  Speaker 1: fuel supply is one way to achieve that. Hike up
• 15:12
  Speaker 1: our gas prices in a midterm election, and that will
• 15:15
  Speaker 1: help him get rid of the people that he doesn't
• 15:16
  Speaker 1: want in Congress, in our Congress, so he gets the
• 15:20
  Speaker 1: people that will write him the blank check. You don't
• 15:21
  Speaker 1: have to be a conspiracy theorist to connect the dots here.
• 15:26
  Speaker 1: And by the way, even if you put aside these
• 15:28
  Speaker 1: strategic political considerations, a lot of Democrats, by their own admission,
• 15:33
  Speaker 1: want higher gas prices. because they think it will hasten
• 15:36
  Speaker 1: our transition to a so-called green economy. This has been
• 15:40
  Speaker 1: a long-term ideological objective of the left, and you should
• 15:43
  Speaker 1: keep that in mind whenever you see Democrats going on
• 15:46
  Speaker 1: television pretending to care about high gas prices. They spent
• 15:49
  Speaker 1: the last decade telling us again and again that expensive
• 15:52
  Speaker 1: gas is good for the environment.
• 15:55
  Speaker 2: We should want it.
• 15:57
  Speaker 1: The Seattle Times even published an article during the Biden
• 15:59
  Speaker 1: administration entitled, High Gas Prices?
• 16:01
  Speaker 2: They're Just What We Need.
• 16:04
  Speaker 1: And in case you forgot that, here's what they said
• 16:05
  Speaker 1: at the time, quote, the biggest paradox of the moment
• 16:08
  Speaker 1: is Americans complaining about high gasoline prices when climate change
• 16:11
  Speaker 1: is growing worse. Carbon needs to be priced high enough
• 16:14
  Speaker 1: to keep it in the ground instead of burning it
• 16:16
  Speaker 1: into the atmosphere. This is essential to preventing global catastrophe.
• 16:22
  Speaker 1: The AP ran a similar article quoting experts as saying that, quote,
• 16:25
  Speaker 1: fuel prices that are high have a long term ability
• 16:27
  Speaker 1: to cut demand and the administration wouldn't mind seeing that.
• 16:33
  Speaker 1: Another expert at Berkeley said, quote, high gas prices are
• 16:35
  Speaker 1: unequivocally good for fighting climate change because people use less
• 16:39
  Speaker 1: fossil fuel and emissions go down. Just this year, the
• 16:43
  Speaker 1: United Nations expressed excitement that the war in Iran would
• 16:46
  Speaker 1: accelerate our transition to renewable energy. This is from Reuters, quote,
• 16:51
  Speaker 1: the Iran war is supercharging the world's shift to renewable
• 16:54
  Speaker 1: energy as countries scramble to reduce their exposure to volatile
• 16:58
  Speaker 1: oil and gas markets, the.
• 16:59
  Speaker 2: UN climate secretary said.
• 17:01
  Speaker 1: Early signs indicate the war, which began two months ago,
• 17:03
  Speaker 1: is speeding up some countries' low-carbon transition. Renewables offer safer, cheaper,
• 17:08
  Speaker 1: cleaner energy that can't be held captive by narrow shipping
• 17:12
  Speaker 1: straits or global conflicts. So this is a very long-term
• 17:16
  Speaker 1: goal for the left. They've been very explicit about it,
• 17:20
  Speaker 1: and now they're closer than ever to achieving it.
• 17:23
  Speaker 2: Going to bed on.
• 17:24
  Speaker 1: Time is supposed to be the responsible choice, and yet
• 17:27
  Speaker 1: you can still spend half the night awake reviewing a
• 17:30
  Speaker 1: conversation from 20 years ago that nobody else remembers. Then
• 17:34
  Speaker 1: the alarm goes off, and apparently you're expected to function
• 17:37
  Speaker 1: like a normal person. That's where Beam's Dream Powder comes in.
• 17:40
  Speaker 1: It's a nighttime powder formulated to help you fall asleep,
• 17:43
  Speaker 1: stay asleep, and wake up refreshed. It contains ingredients like magnesium, l-theanine,
• 17:49
  Speaker 1: and melatonin, and it comes in sea salt, caramel, pumpkin spice,
• 17:53
  Speaker 1: and brownie batter, all with less than 20 calories per serving.
• 17:57
  Speaker 1: So if your current bedtime routine consists of lying there,
• 18:00
  Speaker 1: getting increasingly annoyed that you're still awake, well, try Beam's
• 18:05
  Speaker 1: Dream Powder. See why Beam says it's improved over 30
• 18:08
  Speaker 1: million nights of sleep across the country. And if you
• 18:11
  Speaker 1: don't sleep better, Beam offers a 30-day money-back guarantee. Go
• 18:15
  Speaker 1: to shopbeam.com slash Walsh, use code Walsh, Get up to
• 18:18
  Speaker 1: 42% off during Beam's Cyber Sale.
• 18:21
  Speaker 2: With this incredible discount, that means you'll pay just $ 1.
• 18:23
  Speaker 1: 25 per night for the best sleep of your life.
• 18:28
  Speaker 1: So seriously, think about it. How much would you pay
• 18:30
  Speaker 1: for a truly great night of sleep? Well, Beam is
• 18:33
  Speaker 1: just $ 1.
• 18:34
  Speaker 2: 25 per night.
• 18:35
  Speaker 1: So go to shopbeam.com slash Walsh right now at shopbeam.com
• 18:41
  Speaker 1: slash Walsh. If you run a business, you already have
• 18:45
  Speaker 1: enough headaches without big banks getting in the way. When
• 18:48
  Speaker 1: a major equipment failure happens on a job site or
• 18:51
  Speaker 1: when a massive bid opens up that requires instant inventory,
• 18:56
  Speaker 1: you need actual cash, not three months of corporate runaround
• 18:59
  Speaker 1: from traditional lenders. You need a straightforward solution that respects
• 19:02
  Speaker 1: your time. That's where Cardiff comes in. Cardiff cuts through
• 19:05
  Speaker 1: the nonsense. The application takes literally three minutes. They won't
• 19:09
  Speaker 1: touch your personal credit score to see what you qualify for,
• 19:11
  Speaker 1: and they deliver fast capital without the traditional hurdles. That's
• 19:16
  Speaker 1: approval in minutes and funding the very same day. They
• 19:19
  Speaker 1: are America's favorite small business lender for a reason, with
• 19:22
  Speaker 1: over $ 12 billion funded to small businesses just like yours
• 19:27
  Speaker 1: all across America. If your business has been open for
• 19:30
  Speaker 1: at least a year and brings in over $ 20, 000 a
• 19:31
  Speaker 1: month in revenue, You can access up to $ 500, 000 in
• 19:36
  Speaker 1: same day capital. Go to cardiff.co slash Walsh. That's cardiff.co
• 19:42
  Speaker 1: slash Walsh. Real growth, fast funding, Cardiff.
• 19:46
  Speaker 2: Borrow better. Here's the worst case scenario. for how this
• 19:52
  Speaker 2: will all play out. And I can't help it. I'm
• 19:54
  Speaker 2: just the optimistic type.
• 19:56
  Speaker 1: Or to put things in terms that Lindsay Clancy jury
• 19:58
  Speaker 1: could understand, I'm a Sagittarius.
• 20:02
  Speaker 2: I don't know what I am. I'm something.
• 20:06
  Speaker 1: The main risk at the moment, even aside from the midterms,
• 20:09
  Speaker 1: is that Republicans will embrace an energy stopgap measure that
• 20:14
  Speaker 1: makes the problem significantly worse than it already is. This
• 20:17
  Speaker 1: is from Bloomberg from a few days ago. Quote, Senate
• 20:20
  Speaker 1: Majority Leader John Thune said he's open to exploring an
• 20:22
  Speaker 1: export ban for diesel fuel as average national prices surge
• 20:26
  Speaker 1: past $ 6 a gallon. We'll be looking at any proposal
• 20:29
  Speaker 1: that is a viable solution. But I do think if
• 20:32
  Speaker 1: we have the supply in this country and we're exporting
• 20:34
  Speaker 1: it right now, that might be one way of getting
• 20:36
  Speaker 1: at it. If that would take pressure off of prices,
• 20:39
  Speaker 1: you know I'm open to exploring it. Thune said an
• 20:41
  Speaker 1: export ban probably makes more sense to him than suspending
• 20:44
  Speaker 1: the diesel tax, an action recommended by Democrat James Tallarico.
• 20:48
  Speaker 1: Oil industry executives have warned that while an export ban
• 20:51
  Speaker 1: would initially lower prices for U.S.
• 20:52
  Speaker 2: Consumers, it would ultimately backfire.
• 20:54
  Speaker 1: Energy companies would likely respond by cutting crude production and
• 20:58
  Speaker 1: fuel refining. Ultimately, prices for gasoline could increase 15 cents
• 21:02
  Speaker 1: or more per gallon. Meanwhile, Chuck Grassley just posted this
• 21:06
  Speaker 1: message on X where he attacks Big Oil and proposes
• 21:10
  Speaker 1: more government regulation. Quote, Big Oil is telling us we
• 21:14
  Speaker 1: can't embargo diesel. If true, they still don't have to
• 21:17
  Speaker 1: make some profits off of U.S. farmers and truckers that
• 21:20
  Speaker 1: they make in foreign sales.
• 21:22
  Speaker 2: America first. So he's also.
• 21:26
  Speaker 1: Floating an embargo of diesel or alternatively some kind of
• 21:28
  Speaker 1: price control on domestic sale of diesel. He says, and
• 21:31
  Speaker 1: I quote, They don't have to make the same profit
• 21:34
  Speaker 1: off of U.S. farmers and truckers. This is exactly the
• 21:38
  Speaker 1: kind of rhetoric you expect from Bernie Sanders or Elizabeth Warren.
• 21:42
  Speaker 1: Here we have a government bureaucrat, someone who's held political
• 21:46
  Speaker 1: office for all 5,000 years of his life, saying private
• 21:49
  Speaker 1: businesses don't have to earn profit. Therefore, he wants to
• 21:56
  Speaker 1: take over one of the most important markets in the world,
• 21:58
  Speaker 1: which is the market for diesel fuel, where the United
• 22:01
  Speaker 1: States is the top exporter. Well, actually, Chuck Grassley, well,
• 22:05
  Speaker 1: here's the reality. The oil companies, like any other company,
• 22:10
  Speaker 1: they make profits. They're entitled to whatever profits they can get.
• 22:13
  Speaker 1: That's how it works in the market. That's not because
• 22:16
  Speaker 1: they're good people or because they deserve it or anything else.
• 22:20
  Speaker 1: It's because once you let the government take over the market,
• 22:24
  Speaker 1: then everyone will be totally screwed in very short order.
• 22:28
  Speaker 1: That's always what happens in every single case when government
• 22:31
  Speaker 1: bureaucrats start implementing price controls, especially in very complicated markets
• 22:36
  Speaker 1: they don't understand. Has any Republican actually thought about the
• 22:40
  Speaker 1: effects of an export ban or the effects of price
• 22:42
  Speaker 1: controls on diesel.
• 22:45
  Speaker 2: In the US market?
• 22:47
  Speaker 1: Do any of them remember the shortages in gas lines
• 22:49
  Speaker 1: from the last time the US attempted an export ban
• 22:51
  Speaker 1: like this back in the 1970s, which aggravated the shortages
• 22:55
  Speaker 1: caused by the Arab oil embargo? To put aside how
• 22:59
  Speaker 1: many problems we'd be causing for our alleged allies in Europe,
• 23:02
  Speaker 1: we'd have to go back to stealing firewood to stay alive. Logically,
• 23:06
  Speaker 1: if we impose an export ban and price controls, then
• 23:10
  Speaker 1: profit margins for domestic suppliers would collapse overnight. And that
• 23:13
  Speaker 1: means less diesel production and more expensive goods that you
• 23:16
  Speaker 1: buy from Amazon or anywhere else.
• 23:18
  Speaker 2: And guess what?
• 23:19
  Speaker 1: As we said, gasoline, jet fuel, and diesel all come
• 23:22
  Speaker 1: from the same barrel. There are no diesel factories. If
• 23:26
  Speaker 1: you manipulate the market so that diesel is suddenly unprofitable,
• 23:29
  Speaker 1: they're going to scale back on their refining, and that's
• 23:31
  Speaker 1: going to affect regular gasoline as well. It'll affect the
• 23:34
  Speaker 1: prices of airline tickets. It'll affect everything. Now, it's true
• 23:39
  Speaker 1: that China has restricted diesel and gasoline exports, although nothing
• 23:42
  Speaker 1: on the scale the Republicans are talking about right now.
• 23:44
  Speaker 1: But there's a catch, which is that China has spent
• 23:46
  Speaker 1: a long time ramping up their coal production as an
• 23:49
  Speaker 1: alternative fuel supply. China now accounts for something like 50%.
• 23:52
  Speaker 2: Of all global coal production.
• 23:55
  Speaker 1: Which they use for two purposes, creating synthetic natural gas
• 23:58
  Speaker 1: and substituting for natural gas power plants. And meanwhile, our
• 24:02
  Speaker 1: coal production is down something like 50% since 2008. So
• 24:06
  Speaker 1: that's a big distinction. At the same time, China has
• 24:10
  Speaker 1: been pushing electric vehicles on its population, which naturally reduces
• 24:14
  Speaker 1: the demand for gasoline. In other words, if we implement
• 24:16
  Speaker 1: Chinese style export controls, we're running several risks that they
• 24:21
  Speaker 1: aren't taking, at least not to the same degree. And
• 24:23
  Speaker 1: no one in Washington, in either party, has apparently considered
• 24:27
  Speaker 1: any of this. Well, on the same lines, evidently, no
• 24:31
  Speaker 1: one considered the fact that the Saudis have a very
• 24:33
  Speaker 1: vulnerable east-west pipeline that stretches for around 750 miles from.
• 24:37
  Speaker 2: The east, where they produce the oil, to a port
• 24:39
  Speaker 2: in the Red Sea.
• 24:40
  Speaker 1: This is the pipeline they're using now, that the Strait
• 24:43
  Speaker 1: of Hormuz is compromised. But for years, we've known that
• 24:47
  Speaker 1: this pipeline is vulnerable to another choke point at the
• 24:50
  Speaker 1: Red Sea. where the Houthis, terrorists from Yemen who are
• 24:53
  Speaker 1: backed by Iran, are now using drones and missiles to
• 24:57
  Speaker 1: disrupt shipping. They've just conducted a lightning offensive to seize
• 25:01
  Speaker 1: a vital maritime choke point in the region. So the
• 25:04
  Speaker 1: warlords are basically in control of shipping traffic in the
• 25:08
  Speaker 1: area of Param Island, which is how you get into
• 25:11
  Speaker 1: the Red Sea. And as a result, there's now another
• 25:14
  Speaker 1: problem to worry about, which is a shortage of tankers.
• 25:18
  Speaker 1: This is from the Wall Street Journal, quote, drone attacks
• 25:20
  Speaker 1: that shut Saudi Arabia's bypass pipeline earlier this month have
• 25:24
  Speaker 1: forced more crude back to the strait and onto a
• 25:28
  Speaker 1: tanker fleet already stretched thin. The impact has spread worldwide
• 25:32
  Speaker 1: as longer voyages and shuttle runs around Hormuz tie up
• 25:36
  Speaker 1: ships and push the daily rate of hiring oil tankers
• 25:39
  Speaker 1: to records. The sudden supply crunch among oil supertankers known
• 25:44
  Speaker 1: as very large crude carriers or VLCCs has boosted the
• 25:48
  Speaker 1: cost of hauling oil through the Strait to the highest
• 25:51
  Speaker 1: on record. Earlier this month, the cost of hiring an
• 25:54
  Speaker 1: oil supertanker to load inside the Persian Gulf and transit
• 25:58
  Speaker 1: the Strait of Hormuz topped a million dollars a day,
• 26:01
  Speaker 1: according to maritime intelligence firm Windward.
• 26:04
  Speaker 2: That works out to $ 26.
• 26:05
  Speaker 1: A barrel, or roughly a quarter of the crude's value
• 26:08
  Speaker 1: based on the current market price. Normally, shipping costs are
• 26:12
  Speaker 1: a fraction of the value of a crude cargo. So
• 26:16
  Speaker 1: somehow no one foresaw this development when the war planning
• 26:19
  Speaker 1: was going on. We were told that Iranians would, if
• 26:23
  Speaker 1: you remember, they would rise up and take their country back,
• 26:26
  Speaker 1: which hasn't happened. But we weren't told that there would
• 26:30
  Speaker 1: be a shortage of oil tankers, as well as oil
• 26:34
  Speaker 1: in general. You know, there used to be a category
• 26:37
  Speaker 1: of clothing called dressing like an adult. You weren't wearing
• 26:40
  Speaker 1: a suit. You weren't going anywhere particularly formal. you just
• 26:44
  Speaker 1: put on decent clothes because you were leaving the house.
• 26:46
  Speaker 1: We've mostly abandoned this concept, I'm afraid, but I'm trying
• 26:50
  Speaker 1: to keep it alive, and Tecova's is helping.
• 26:53
  Speaker 2: I like their boots. I wear them myself. They're classic.
• 26:55
  Speaker 1: They're understated. They're very comfortable, and they look just as
• 26:58
  Speaker 1: good with a normal pair of jeans as they do
• 27:00
  Speaker 1: when you need to dress things up a little bit.
• 27:02
  Speaker 1: And more importantly, like I said, they're actually comfortable. Tecova's
• 27:05
  Speaker 1: handcrafts their boots in more than 200 steps, but there's
• 27:08
  Speaker 1: no mandatory period where you have to limp around for
• 27:11
  Speaker 1: two weeks regretting your purchase. Mine felt broken in right
• 27:15
  Speaker 1: out of the box. And Decova's isn't just boots. They
• 27:17
  Speaker 1: make denim.
• 27:19
  Speaker 2: They make shirts. They make belts, wallet, shoes.
• 27:21
  Speaker 1: Plenty of other things for men who would like to
• 27:23
  Speaker 1: look put together without looking like they're trying too hard.
• 27:27
  Speaker 2: It's a surprisingly difficult balance. But Decova's, they get it right.
• 27:30
  Speaker 1: Right now, get 10% off at decovas.com slash matt when
• 27:34
  Speaker 1: you sign up for email and text. That's 10% off
• 27:37
  Speaker 1: at t-e-c-o-v-a-s dot com slash matt decovas. dot com slash Matt,
• 27:42
  Speaker 1: see cipher details to Cova's, point your toes west. And
• 27:46
  Speaker 1: while this might not be a big deal in normal circumstances,
• 27:50
  Speaker 1: the thing is we've already exhausted our own emergency stores
• 27:54
  Speaker 1: of oil. The Strategic Petroleum Reserve was 638 million barrels
• 27:59
  Speaker 1: when Biden took office and dropped to under 400 million
• 28:02
  Speaker 1: barrels when he left. That's a drop of roughly 40 percent.
• 28:06
  Speaker 1: It was widely reported at the time as a betrayal
• 28:08
  Speaker 1: because that's exactly what it was. It was deliberate sabotage.
• 28:13
  Speaker 1: By the time the Iran war began, the reserve was
• 28:15
  Speaker 1: back up around 415 million barrels, still a fraction of
• 28:18
  Speaker 1: what it used to be before Biden. And then since
• 28:21
  Speaker 1: this latest war began, the White House has announced plans
• 28:24
  Speaker 1: to release around 170 million barrels, which brings the reserve
• 28:27
  Speaker 1: down to its lowest level since 1983. So now we're
• 28:30
  Speaker 1: down to between 240, 280 million barrels, which is significant
• 28:34
  Speaker 1: because according to the federal government, around 100 million barrels
• 28:38
  Speaker 1: of these remaining barrels cannot be deployed at all for
• 28:41
  Speaker 1: any reason due to a mixture of construction outages and
• 28:45
  Speaker 1: cavern outages, according to a government watchdog. So really, we're
• 28:49
  Speaker 1: running on fumes, in other words, and there's no backup.
• 28:53
  Speaker 1: That's part of the reason why even mainstream analysts, particularly
• 28:56
  Speaker 1: JP Morgan, have been modeling a worst-case scenario lately. So
• 29:01
  Speaker 1: I'm going to read from one of their reports from
• 29:03
  Speaker 1: May of this year.
• 29:06
  Speaker 2: This is what it says. If the Strait is.
• 29:08
  Speaker 1: Not opened by September, global inventories could hit an operational
• 29:12
  Speaker 1: stress floor of 6.7 to 6.8 billion barrels, after which
• 29:17
  Speaker 1: demand destruction would occur at a faster pace, mostly in
• 29:21
  Speaker 1: Asia and Europe. Now, this disaster scenario hasn't come to
• 29:27
  Speaker 1: pass yet because demand has been lower than they forecast,
• 29:32
  Speaker 1: but it's still a possibility. And more recently, in a
• 29:35
  Speaker 1: note this week, JP Morgan announced that they've given up
• 29:37
  Speaker 1: on trying to predict oil prices, saying, quote, we simply
• 29:40
  Speaker 1: don't know how to model the end game. So what's
• 29:45
  Speaker 1: the operational stress floor, quote unquote, of global.
• 29:49
  Speaker 2: Inventories of oil exactly? Well, here's what it could mean
• 29:53
  Speaker 2: in practice.
• 29:54
  Speaker 1: Once oil hits the operational stress floor and stays there
• 29:57
  Speaker 1: for a sustained period of time, It becomes very difficult
• 30:00
  Speaker 1: for any buyer to purchase oil, no matter how much
• 30:03
  Speaker 1: he's willing to pay. That's because the pipelines and the
• 30:06
  Speaker 1: refineries and the storage tanks are not allowed to go
• 30:08
  Speaker 1: below a certain level of oil. If they go below
• 30:11
  Speaker 1: the operational limit, then the machines themselves break. The result,
• 30:16
  Speaker 1: as JP Morgan put it, is demand destruction, which is
• 30:19
  Speaker 1: a polite way of saying rationing. The market can't provide
• 30:23
  Speaker 1: any more oil, so governments have to use force to
• 30:27
  Speaker 1: prevent people from using it. The global economy would in
• 30:31
  Speaker 1: all likelihood crash. Many people would die. Inflation would reach
• 30:35
  Speaker 1: historic levels. And we would enter in all likelihood an
• 30:39
  Speaker 1: economic death spiral. Now, that's not a risk that I'm inventing,
• 30:44
  Speaker 1: you know, just to get your intention.
• 30:48
  Speaker 2: It's from J.P.
• 30:49
  Speaker 1: Morgan, which is one of the most established mainstream financial
• 30:51
  Speaker 1: institutions in the world. Did you hear about this? Has
• 30:56
  Speaker 1: anyone told you about it? Probably not, because if they
• 31:00
  Speaker 1: did that, then you'd demand solutions. An energy crisis is
• 31:04
  Speaker 1: one of the worst things that can happen to a civilization.
• 31:08
  Speaker 1: We are currently careening towards one. To the extent that
• 31:12
  Speaker 1: our politicians do anything, it should be their number one
• 31:16
  Speaker 1: goal to prevent something like that from happening. So what
• 31:20
  Speaker 1: are they doing about it? Well, as far as I
• 31:23
  Speaker 1: can tell, they aren't really doing anything. But that's not
• 31:26
  Speaker 1: because they don't have options. The first thing they should
• 31:30
  Speaker 1: do is tell Zelensky, not ask, tell Zelensky to stop
• 31:35
  Speaker 1: bombing Russian refineries immediately. Because of the incredible harm it's
• 31:41
  Speaker 1: doing to us.
• 31:42
  Speaker 2: It's not about Russia.
• 31:45
  Speaker 1: And if he refuses, if he continues to lie to
• 31:48
  Speaker 1: us while he brags about destroying Russian fuel infrastructure, then
• 31:52
  Speaker 1: we should bomb Ukraine until Zelensky is removed from power.
• 31:56
  Speaker 1: We cannot tolerate this anymore. He's taken billions of dollars
• 32:01
  Speaker 1: from U.S. taxpayers, and now he's deliberately tanking the global
• 32:04
  Speaker 1: market for diesel.
• 32:05
  Speaker 2: It's unconscionable.
• 32:07
  Speaker 1: He is a threat to us. We aren't simply wasting
• 32:11
  Speaker 1: our money on Ukraine. The return on investment has been
• 32:14
  Speaker 1: overwhelmingly negative. We are suffering for it. And we need
• 32:19
  Speaker 1: to shut these con artists down immediately. The second thing
• 32:23
  Speaker 1: we need to do is end this ridiculous war in Iran.
• 32:26
  Speaker 1: Some of us warned that the war would have this
• 32:28
  Speaker 1: result when it first started.
• 32:29
  Speaker 2: We were shouted down by many on our own side.
• 32:34
  Speaker 2: But we were right. And we've been proven right every
• 32:37
  Speaker 2: step of the way. And now here we are. And
• 32:39
  Speaker 2: it has to end.
• 32:41
  Speaker 1: And next, we need to ramp up the oil exports
• 32:43
  Speaker 1: from our newest puppet state, Venezuela. This should be the
• 32:46
  Speaker 1: advantage of having it as a puppet state, which we do.
• 32:51
  Speaker 1: And we should make manifest destiny real again.
• 32:54
  Speaker 2: Make it great again.
• 32:56
  Speaker 1: And take over all the oil we can get in
• 32:58
  Speaker 1: Cuba and Africa as well, which is significant. If we
• 33:02
  Speaker 1: need to, we can move on to Canada. All these
• 33:04
  Speaker 1: countries are right next door. They're all communist and dysfunctional.
• 33:07
  Speaker 1: They're not using their resources to any significant degree. And
• 33:12
  Speaker 1: so we should take what we need for the good
• 33:14
  Speaker 1: of our own people. The alternative is too unthinkable. It
• 33:21
  Speaker 1: just shouldn't be an option on the table. Now we
• 33:25
  Speaker 1: elected this administration to come up with solutions like this,
• 33:27
  Speaker 1: solutions to problems that could realistically destroy this country and civilization.
• 33:33
  Speaker 1: This is why Donald Trump beat Kamala Harris. You know,
• 33:37
  Speaker 1: she was talking about racial equity and making sure black
• 33:40
  Speaker 1: people didn't lose their Bitcoin or whatever. Donald Trump won
• 33:44
  Speaker 1: because he said he would make life better for everyday
• 33:47
  Speaker 1: Americans in a real tangible way.
• 33:48
  Speaker 2: And he now has an opportunity to do that.
• 33:52
  Speaker 1: If it doesn't happen, If the GOP doesn't step up,
• 33:57
  Speaker 1: then they deserve everything that's going to happen in November.
• 34:01
  Speaker 2: We have one chance now to.
• 34:03
  Speaker 1: Stabilize a situation that is rapidly spiraling out of control.
• 34:08
  Speaker 1: We can take that chance or we can become Germany
• 34:12
  Speaker 1: or Poland. And instead of waiting outside the Apple store
• 34:15
  Speaker 1: for the latest iPhone or whatever, we'll be lining up
• 34:18
  Speaker 1: outside the coal mine, begging for some fuel so our
• 34:22
  Speaker 1: children don't freeze to death. It sounds unthinkable, but every
• 34:26
  Speaker 1: great tragedy seemed unthinkable before it happened. Every great empire
• 34:30
  Speaker 1: thought it was untouchable before the fall. And with every
• 34:34
  Speaker 1: day this war drags on, as even alleged conservatives openly
• 34:38
  Speaker 1: embrace the rhetoric of communists, our own fall, not simply
• 34:41
  Speaker 1: the fall of the GOP, but of the entire country,
• 34:46
  Speaker 1: becomes more and more likely.
• 34:49
  Speaker 2: That'll do it for the show today. Thanks for watching.
• 34:50
  Speaker 2: Thanks for listening. Talk to you tomorrow. Have a great day. Godspeed.
• 35:00
  Speaker 1: Every significant movement in history has started with protesting.
• 35:03
  Speaker 2: You're a traitor! Uncle Tom! This is our generation's civil rights!
• 35:06
  Speaker 2: I have no idea what the protest is about. Bingo!
• 35:09
  Speaker 3: Given the current climate, should a figure as polarizing as
• 35:12
  Speaker 3: Clay Saunders even be allowed on campus?
• 35:14
  Speaker 2: Uh, can you hear me okay?
• 35:15
  Speaker 1: Saunders is a close personal friend of Chancellor Friedman.
• 35:18
  Speaker 2: This is a decision I cannot fight. Islam will conquer
• 35:21
  Speaker 2: the West. As-salamu alaykum. Are we paying attention? They've taken
• 35:29
  Speaker 2: over the building. They're downstairs and they've blocked the doors.
• 35:33
  Speaker 4: I seek forgiveness from Allah the Almighty.
• 35:37
  Speaker 2: We cannot run and hide. Muhammad is the.
• 35:39
  Speaker 4: Messenger of God. There is no God but Allah.
• 35:45
  Speaker 2: What do you say we turn those SOBs into a
• 35:49
  Speaker 2: fine red mist?
• 35:51
  Speaker 4: As we move, one man will cover while the other
• 35:54
  Speaker 4: guys go. They call that leap project.
• 35:56
  Speaker 3: Stretch them out and listen.
• 35:59
  Speaker 2: You need a course in safe weapons handling.