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Big Money on Small Market Sports | California Offshore Oil Drilling · The Bill Handel Show

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  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:05
  Speaker 1: six forty KFI.
• 0:06
  Speaker 2: AM six forty Handle here on a Tuesday morning, Veterans Day,
• 0:12
  Speaker 2: November eleventh, the big, big story recovering. It looks like
• 0:15
  Speaker 2: the government shutdown is done. The Senate voted last night
• 0:19
  Speaker 2: to move ahead. The House is going to vote probably tonight,
• 0:22
  Speaker 2: and it will no doubt be on the President's desk
• 0:24
  Speaker 2: either tomorrow or Thursday, which of course is going to
• 0:26
  Speaker 2: be signed, and then we're back to normal, sort of,
• 0:29
  Speaker 2: because it's going to take a while to ramp up.
• 0:31
  Speaker 2: Forty days today, long long time, longest in US history. Now,
• 0:38
  Speaker 2: let's talk about the governor. Let me talk about the
• 0:40
  Speaker 2: government for a moment. The White House has the executive
• 0:47
  Speaker 2: branch has traditionally been independent or the FBI, Department of
• 0:54
  Speaker 2: Justice has been independent of the White House.
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  Speaker 3: Now is that the law?
• 0:59
  Speaker 2: Of course not, because it's the executive branch and all
• 1:04
  Speaker 2: of these cabinet positions, all of the federal law enforcement
• 1:07
  Speaker 2: is under the direction of the White House. However, as
• 1:12
  Speaker 2: a matter of procedure and simply as a matter of
• 1:16
  Speaker 2: history policy, they have been independent. For example, the Department
• 1:21
  Speaker 2: of Justice, you just the president leaves it alone. You
• 1:24
  Speaker 2: guys decide what to go on. Boy, has that changed.
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  Speaker 2: Let's talk about how thousands of experienced attorneys since the
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  Speaker 2: start of the administration have left and only a fraction
• 1:38
  Speaker 2: of the job the open jobs have in fact been
• 1:41
  Speaker 2: filled lack of qualified candidates, bureaucratic delays, hiring freezes, among
• 1:48
  Speaker 2: other things. So let me tell you a little bit
• 1:49
  Speaker 2: about the Department of Justice. Having gone to law school,
• 1:53
  Speaker 2: not a particularly good law school, but one of the
• 1:56
  Speaker 2: things about going to top tier law schools is that
• 2:02
  Speaker 2: students want to work for the Department of Justice. It
• 2:06
  Speaker 2: is considered the kreme de la creme. I mean, if
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  Speaker 2: you're a DOJ attorney, your big stuff, and well, let
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  Speaker 2: me put it this way, those days are sort of
• 2:17
  Speaker 2: gone because these students don't want to be in the
• 2:21
  Speaker 2: DOJ because there is no independence. So you have people leaving,
• 2:25
  Speaker 2: you have top prosecutors who are fired, and you have
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  Speaker 2: political appointees coming in. Now, usually the only political appointee
• 2:34
  Speaker 2: would be the secretary, would be the Attorney general, and
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  Speaker 2: then probably one level below that or political appointees have
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  Speaker 2: to be confirmed by the Senate. Now it goes all
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  Speaker 2: the way down political correctness in the sense of political
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  Speaker 2: correctness to the White House, the administration is critical applications,
• 2:56
  Speaker 2: ask questions, sort of left handed questions, not direct questions.
• 3:02
  Speaker 2: Let's talk about your policies, your politics for a moment.
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  Speaker 2: Are you in favor of what's going on? If you
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  Speaker 2: say no, you're not going to get hired. How about
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  Speaker 2: US attorneys or attorneys. Yeah, US attorneys who run the
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  Speaker 2: various departments across the board district offices.
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  Speaker 3: Well, they've been fired in mass.
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  Speaker 2: And in certain cases those attorneys who do not back
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  Speaker 2: the administration. For example, when you have the enemies of
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  Speaker 2: the administration of Donald Trump and the DOJ orders them
• 3:45
  Speaker 2: to go forward and prosecute, and the prosecutors say, you
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  Speaker 2: know what, we don't have evidence here, we don't have
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  Speaker 2: enough evidence, they're fired, literally fired, and then a political
• 3:56
  Speaker 2: appointee is put in. The most I think probably the
• 4:03
  Speaker 2: poster child of this one is James Comy, who is
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  Speaker 2: being prosecuted and the prosecutor, the head guy, uh said
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  Speaker 2: there's not enough evidence. The US attorney said, there's not
• 4:16
  Speaker 2: enough evidence here. Fired And who was brought in This
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  Speaker 2: is in Virginia US District in Virginia. Brought in was
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  Speaker 2: a political hack to run the office and go ahead
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  Speaker 2: and prosecute Colly. Not one minute of prosecutor prosecutorial, a
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  Speaker 2: history or experience, not a minute. It's just a Trump ally.
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  Speaker 2: That's what's happening across the board with the Department, and
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  Speaker 2: I mean thousands of them, and instead of being one
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  Speaker 2: of the most secure, I mean, these are civil servants
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  Speaker 2: that are there and they do careers in many cases
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  Speaker 2: for a lifetime, not anymore.
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  Speaker 3: They want out.
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  Speaker 2: And so what's happening is the Department of Justice is
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  Speaker 2: being transformed completely into a political force, which heretofore didn't happen.
• 5:17
  Speaker 2: I got to tell you, life is changing. And when
• 5:19
  Speaker 2: this administration is done, you know, people talk about how
• 5:23
  Speaker 2: it's going to be a very different animal even after
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  Speaker 2: Trump leaves the presidency. Man, it is certainly with the court, and.
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  Speaker 3: I mean that's his.
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  Speaker 2: Purview, because when you have a liberal presidence and a
• 5:38
  Speaker 2: Supreme Court vacancy comes up, you have a liberal justice.
• 5:41
  Speaker 2: I mean, that's just the way it works. And now
• 5:43
  Speaker 2: you have a very conservative court and you know, welcome
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  Speaker 2: to America. That's the constitution. But putting in political appointees
• 5:53
  Speaker 2: into the Department of Justice to prosecute enemies.
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  Speaker 3: And look at the pardons that have come down. Look
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  Speaker 3: at the pardons.
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  Speaker 2: Hundreds of them, all political allies, all allies as the resident.
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  Speaker 2: Then you have Leticia James, who is the DA in Manhattan,
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  Speaker 2: who has been indicted for lying on a application, a
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  Speaker 2: loan application, saying that she lived in one apartment or
• 6:22
  Speaker 2: she lived in one house and said it was her residence.
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  Speaker 3: And she claims she didn't.
• 6:28
  Speaker 2: But anyways, stop in the air, and she is being
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  Speaker 2: prosecuted by the US Attorney, and I guarantee you that
• 6:37
  Speaker 2: the US Attorney will be asking for the maximum sentence.
• 6:42
  Speaker 2: And in the meantime, you've got people that are yesterday
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  Speaker 2: there were a bunch of pardon people that were in
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  Speaker 2: prison for fraud, stealing money from the government, all kinds
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  Speaker 2: of egregious crimes.
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  Speaker 3: Pardon. But Leticia James, let me tell you something.
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  Speaker 2: We've got that application and let's put her in jail
• 7:04
  Speaker 2: for as long as we possibly can.
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  Speaker 3: That will be the argument. I guarantee you. It's horrible,
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  Speaker 3: It really is horrible.
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  Speaker 2: And I know people lay you know, just rip into
• 7:14
  Speaker 2: me because of the way I'm looking at all this.
• 7:18
  Speaker 3: You know, guys, I don't get it.
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  Speaker 2: I mean, I just don't get it, you know, I
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  Speaker 2: don't get for example, Republican congress people and senators who
• 7:26
  Speaker 2: don't say a word about what's going on, not a word,
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  Speaker 2: you know, how is that possible? And how Democrats vote
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  Speaker 2: down party lines notwithstanding anything else, doesn't matter what it is.
• 7:43
  Speaker 2: We're going down party lines both sides. And that's why
• 7:47
  Speaker 2: the eighth senators Democratic senators who flipped over to the
• 7:51
  Speaker 2: Republican side and stopped this shutdown. Is it's end of
• 7:58
  Speaker 2: the world news, it's World War three headline news that
• 8:02
  Speaker 2: that happened, that they went over to the other side.
• 8:04
  Speaker 2: And I explained that a little bit at seven o'clock
• 8:08
  Speaker 2: when I started the seven o'clock segment, which, by the way,
• 8:12
  Speaker 2: you can listen to streaming, right, we can do that
• 8:16
  Speaker 2: and the podcast And since I don't know how to
• 8:19
  Speaker 2: get to it, how do we get to it?
• 8:21
  Speaker 1: Neil, just go to KFI AM six forty dot com
• 8:25
  Speaker 1: use and look for podcasts or use a keyword podcast
• 8:29
  Speaker 1: and then you can listen to them there, yeah, and show.
• 8:33
  Speaker 2: Yeah, I didn't know. Yeah, I don't know how to
• 8:36
  Speaker 2: do that, you know. There, I am technological maven, so
• 8:40
  Speaker 2: ignorance complete ignorance. All right, let's bail out of here.
• 8:45
  Speaker 2: All right, this is a fun story. And this has
• 8:48
  Speaker 2: to do with betting, sports betting. And you know what
• 8:50
  Speaker 2: the hottest sport is right now in terms of betting.
• 8:54
  Speaker 2: You think it's baseball, football, basketball, Yeah, it's there.
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  Speaker 3: The US new one is table tennis, ping pong.
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  Speaker 2: You go to these major sports betting platforms, you bet
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  Speaker 2: on ping pong, and what's going on, Well, they want
• 9:11
  Speaker 2: to expand, so it's not just ping pong. Some of
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  Speaker 2: these major one there's one that's based i think here
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  Speaker 2: in California.
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  Speaker 3: That has high a lie figure.
• 9:24
  Speaker 2: That one out almost to the point where you can
• 9:27
  Speaker 2: bet on Little league and Pop Warner football.
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  Speaker 3: It's any sport out there.
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  Speaker 2: And what does that mean, Well, when you have that
• 9:35
  Speaker 2: many sports, it's just kind of easier to throw games.
• 9:39
  Speaker 2: Look at the Look at the two ballplayers who are
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  Speaker 2: just indicted for throwing the game in the sense that
• 9:47
  Speaker 2: people bet on the next pitch would be a ball,
• 9:50
  Speaker 2: and it was so obvious that a ball was thrown,
• 9:53
  Speaker 2: and they've been indicted. One is accused and one was indicted.
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  Speaker 3: And these guys make millions of dollars a year and
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  Speaker 3: they were getting seven thousand dollars for it. I mean,
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  Speaker 3: what is that about?
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  Speaker 2: And you have football players who are under investigation, so
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  Speaker 2: for some reason there is well, I mean, here's the reason.
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  Speaker 2: More and more people are betting because of the platforms,
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  Speaker 2: because of the betting situations or the betting platforms that
• 10:26
  Speaker 2: you can bet on on your phone, which of course
• 10:30
  Speaker 2: never existed and it was illegal in many states to gamble.
• 10:36
  Speaker 2: Now it's wide open. It is totally wide open. And
• 10:41
  Speaker 2: so if you want to bet on high Ali, is
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  Speaker 2: that the way it's pronounced.
• 10:46
  Speaker 3: High Lie?
• 10:49
  Speaker 2: Yeah, I don't know how that's pronounced. They do a
• 10:52
  Speaker 2: lot of that in Tijuana. I don't know if you've
• 10:54
  Speaker 2: ever been there. It's a lot of fun, it really is.
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  Speaker 2: By the way, there is a company it's called a
• 11:02
  Speaker 2: Alt Sports Data, and what it does is specialize in
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  Speaker 2: taking claims on sports that haven't reached the online gambling market, and.
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  Speaker 3: So they latched on to these sports.
• 11:15
  Speaker 2: They offer profit sharing and the opportunity to reach a
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  Speaker 2: wider audience for these bets sports. And let me tell
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  Speaker 2: you the leagues that have signed on two dozen different leagues,
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  Speaker 2: X games.
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  Speaker 3: Power Slap.
• 11:29
  Speaker 2: I don't even know what power slap is do you
• 11:32
  Speaker 2: stand up and slap each other in the face?
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  Speaker 3: Can you imagine? Huh? Thank you? All right?
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  Speaker 2: The World Highlight League, the disc Call Golf Pro Tour,
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  Speaker 2: who ever heard about that? And the Big One Major
• 11:48
  Speaker 2: League table tennis. Yeah, you're betting on that. And you
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  Speaker 2: can bet every few seconds, by the way, to the
• 11:58
  Speaker 2: point where one of them or several of the major
• 12:03
  Speaker 2: sports book don't let you do that anymore. You literally
• 12:06
  Speaker 2: can bet every couple of seconds. It's much like what's
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  Speaker 2: the next ball thrown?
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  Speaker 3: How far?
• 12:13
  Speaker 2: And we're talking about in football, you can bet anything
• 12:16
  Speaker 2: that comes up. It used to be be a winner loss,
• 12:21
  Speaker 2: that's what you would do, and then the point spread,
• 12:23
  Speaker 2: you win, you lose by the point spread.
• 12:26
  Speaker 3: Now it's how fast and how far.
• 12:29
  Speaker 2: Is the runner going to go in the second quarter.
• 12:34
  Speaker 2: It's just insane. By the way, do you bet Cono,
• 12:37
  Speaker 2: you're the one that knows about this stuff. Do you
• 12:39
  Speaker 2: bet at all on these platforms?
• 12:41
  Speaker 3: Oh, we can't bet in California, but through price picks
• 12:43
  Speaker 3: you can bet on a certain amount of things. So yes,
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  Speaker 3: I do place some legal bets down.
• 12:48
  Speaker 2: Okay, I've never bet in my life. I don't bet
• 12:52
  Speaker 2: at casinos. Every time I go to Las Vegas, I
• 12:55
  Speaker 2: won't put a quarter in a machine. I just won't
• 12:58
  Speaker 2: do it. Is that because when I win, I'm gonna
• 13:03
  Speaker 2: lose next time. And when I lose, I want to
• 13:06
  Speaker 2: take a swan dive off the parking structure. That's just
• 13:11
  Speaker 2: the way life works for me. You know who else
• 13:15
  Speaker 2: bets a lot in Las Vegas?
• 13:17
  Speaker 3: Michelle? She does the slots? Neil, Are you a gambler
• 13:23
  Speaker 3: when you go to Vegas?
• 13:24
  Speaker 1: I consider it more of a gamer, like I'll go
• 13:26
  Speaker 1: out when I go to Morongo and stuff like that.
• 13:28
  Speaker 1: I go and I play blackjack, and I enjoy doing that,
• 13:32
  Speaker 1: but I'm not really like.
• 13:35
  Speaker 3: That's a game of it. I stay by it. Okay,
• 13:37
  Speaker 3: fair enough? Will do you gamble? Do you play the games?
• 13:40
  Speaker 3: Very little?
• 13:41
  Speaker 1: I have, like, okay, one hundred dollars cutoff all right
• 13:44
  Speaker 1: after that?
• 13:44
  Speaker 2: It's too painful, Amy, Oh yeah, oh yeah, And I
• 13:50
  Speaker 2: may be the only one.
• 13:51
  Speaker 3: And do you play?
• 13:53
  Speaker 2: No?
• 13:53
  Speaker 3: But I want to? Okay, oh that's right.
• 13:56
  Speaker 2: You work here at iHeart, so there's no money to play.
• 13:59
  Speaker 2: All right, We're done with it. I want to share
• 14:01
  Speaker 2: with you my first day at law school, and my
• 14:05
  Speaker 2: first class was contract's contract law. And remember the professor
• 14:12
  Speaker 2: standing up, and the first thing he said is, why
• 14:15
  Speaker 2: don't you write this down. Okay, if you sign a contract,
• 14:20
  Speaker 2: you're screwed.
• 14:21
  Speaker 3: If you want to change it. Okay, sign a contractor
• 14:25
  Speaker 3: screwed if you want to change it.
• 14:27
  Speaker 2: UCLA has a contract with the Rose Bowl that goes
• 14:31
  Speaker 2: to twenty forty three. So Pasadena, based on that, invested
• 14:37
  Speaker 2: one hundred and fifty million dollars in stadium upgrades, and
• 14:41
  Speaker 2: UCLA is thinking saying no, thank you, we're thinking of
• 14:45
  Speaker 2: leaving next year. Well, Pasadena and the Rose Bowl immediately
• 14:49
  Speaker 2: filed a lawsuit and asked for first of all, a
• 14:52
  Speaker 2: temporary injunction and then an underlying suit saying, excuse me,
• 14:57
  Speaker 2: you signed the contract, screwed even if it's a bad contract.
• 15:03
  Speaker 2: So last week the plaintiffs sued to force the Bruins
• 15:06
  Speaker 2: to honor the terms of the lease. UCLA responded, we're
• 15:12
  Speaker 2: evaluating our options.
• 15:14
  Speaker 3: What options.
• 15:16
  Speaker 2: Well, I'll tell you the options, and that is it's
• 15:20
  Speaker 2: a straight money call because UCLA is talking to SOFI
• 15:25
  Speaker 2: Stadium and what they're doing, and by the way, that's
• 15:29
  Speaker 2: just more work for ann. Of course, what they're doing
• 15:33
  Speaker 2: is figuring out that they're going to have to pay
• 15:35
  Speaker 2: big money to UCLA and Pasadena and the Rose Bowl.
• 15:42
  Speaker 2: Excuse me, UCLA will have to pay big money to
• 15:44
  Speaker 2: the Rose Bowl and Pasadena. And it's just a question
• 15:48
  Speaker 2: of dollars and cents. Because if they go to Sofi,
• 15:52
  Speaker 2: man they get a lot of stuff. I mean they
• 15:56
  Speaker 2: will get the luxury boxes, a chunk of the concessions,
• 16:01
  Speaker 2: a real good chunk of the concessions, the merchandising, the parking,
• 16:07
  Speaker 2: I mean, all of it. They get virtually none of
• 16:09
  Speaker 2: that at the Rose Bowl. I mean they cut a
• 16:11
  Speaker 2: bad deal, is what they did. And they're saying, let's
• 16:14
  Speaker 2: look at the numbers. Okay, they're gonna have to settle
• 16:19
  Speaker 2: because they're screwed. However, if they go to SOFI, now
• 16:26
  Speaker 2: we're talking upfront money from so far getting them enough
• 16:30
  Speaker 2: money to pay the settlement the ruins, like other Big
• 16:35
  Speaker 2: ten schools, could receive an upfront payment of one hundred
• 16:39
  Speaker 2: and forty million dollars of a proposed two point four
• 16:43
  Speaker 2: billion dollar deal between the conference and an investment fund
• 16:46
  Speaker 2: at the University of California pension system. Why the investment
• 16:50
  Speaker 2: will go in because UCLA will be generating a ton
• 16:54
  Speaker 2: more money, which means that the investment fund is going
• 16:59
  Speaker 2: to be at have access to a ton more money.
• 17:05
  Speaker 3: Here's the problem.
• 17:07
  Speaker 2: The Rose Bowl and Pasadena are asking for a fee
• 17:13
  Speaker 2: of a settlement of over a billion dollars if UCLA
• 17:20
  Speaker 2: breaches its contract. So it's a straight money call UCLA
• 17:25
  Speaker 2: and the Rose Bowl. I mean, and they've played their games.
• 17:29
  Speaker 2: I don't know since the eighties. How long has UCLA
• 17:31
  Speaker 2: played sc for example, the rivalry that's been going on
• 17:35
  Speaker 2: since the turn of the last century at the Coliseum,
• 17:39
  Speaker 2: it's been forever.
• 17:42
  Speaker 3: And so that what the Coliseum.
• 17:45
  Speaker 2: Is saying that just the discussions that UCLA is having
• 17:51
  Speaker 2: with so Far is putting the Coliseum at risk that
• 17:55
  Speaker 2: they're already losing money because all of a sudden, this
• 17:59
  Speaker 2: venue is not as magical as it is. The Colisseum
• 18:03
  Speaker 2: is iconic, but it's not so fi Uh the Colisseum,
• 18:09
  Speaker 2: for example, did you know it has a retractable roof
• 18:11
  Speaker 2: that's always open the Colisseum, Yeah no, uh no, you're right.
• 18:16
  Speaker 2: I'm sorry the Rose Bowl. But then they're gonna go
• 18:19
  Speaker 2: to so Far. You're right, I'm sorry about the Coliseum.
• 18:22
  Speaker 2: I uh got that, got it? Conflated, but uh, don't
• 18:26
  Speaker 2: correct me on.
• 18:27
  Speaker 3: That, please, usc and I gotta.
• 18:31
  Speaker 2: I know, yeah, okay, I'm I'm all right, I'm comflating.
• 18:35
  Speaker 2: All right, I'm conflating all of that. But so far,
• 18:38
  Speaker 2: for example, has that retractable roof as does the Rose Bowl.
• 18:42
  Speaker 2: Did you know that it's just always open. It has
• 18:47
  Speaker 2: the luxury suites, it has the parking. It's also a
• 18:50
  Speaker 2: lot closer U c l A. Incidentally, okay, did that
• 18:53
  Speaker 2: make sense for anybody?
• 18:55
  Speaker 3: Probably not?
• 18:56
  Speaker 2: You know, I confused U c l A. The Colisseum
• 18:59
  Speaker 2: s the retractable roofs.
• 19:02
  Speaker 3: Hey, you got to write that the Colisseum is iconic though.
• 19:05
  Speaker 2: Okay, thank you. Built for the nineteen thirty two Olympics
• 19:12
  Speaker 2: and the nineteen eighty four Olympics. Were there The only
• 19:14
  Speaker 2: two Olympics that ever made money were in Los Angeles.
• 19:17
  Speaker 3: See there you go a little bit of history there
• 19:19
  Speaker 3: all right.
• 19:20
  Speaker 2: By the way, for those of you that did listen
• 19:22
  Speaker 2: to the last segment, I just ignore it. Ladies and
• 19:25
  Speaker 2: gentlemen of the jury, please strike that entire segment.
• 19:30
  Speaker 3: All right. A whole lot going on.
• 19:32
  Speaker 2: The big story, of course, is why you just saw
• 19:35
  Speaker 2: me sneeze.
• 19:37
  Speaker 3: Was that it. I know, I know, and you know
• 19:40
  Speaker 3: I didn't do it on the mind. I didn't howk
• 19:43
  Speaker 3: it on the microphone? Well you we heard you, No,
• 19:46
  Speaker 3: you heard me sneeze.
• 19:47
  Speaker 2: Yeah, but I was able to.
• 19:51
  Speaker 3: Sneeze into uh wet, you're not.
• 19:56
  Speaker 2: By the way, Once I was on an airplane and
• 19:58
  Speaker 2: I sneezed and it was not pleasant because I mean,
• 20:02
  Speaker 2: this thing came flying out of my throat and mouth
• 20:06
  Speaker 2: and it hit some bald guy literally in the back
• 20:10
  Speaker 2: of his head five rows up.
• 20:13
  Speaker 3: And he heard me sneezing. Let me tell you how
• 20:15
  Speaker 3: pleasant that conversation was.
• 20:17
  Speaker 2: Cross True's actually it's actually happened. Uh all right, thanks
• 20:23
  Speaker 2: for pointing that out, by the way, guys, at least
• 20:25
  Speaker 2: the laughing part. So I want to finish up with
• 20:29
  Speaker 2: what's going on with us here in southern California. The
• 20:33
  Speaker 2: Administration is planning to propose oil drilling off of the
• 20:38
  Speaker 2: coast down here, and this's for the first time in decades.
• 20:40
  Speaker 2: And that's according to a draft map that's been reviewed
• 20:43
  Speaker 2: by The Washington Post. It proposes six offshore lease sales
• 20:47
  Speaker 2: between twenty twenty seven and twenty thirty along the California coast,
• 20:52
  Speaker 2: mainly in southern California. It also envisions expanding drilling in
• 20:57
  Speaker 2: the eastern Gulf of Mexico Gulf of America, and this
• 21:00
  Speaker 2: has generally been avoided because, well, it's near Florida, and
• 21:06
  Speaker 2: people in Florida are a little bit upset about the
• 21:10
  Speaker 2: possibility of an oil spill. Now the fact that we
• 21:13
  Speaker 2: in California a little bit upset, that really doesn't matter
• 21:16
  Speaker 2: because we're California, and as a matter of fact, they
• 21:20
  Speaker 2: may cause an oil spill in California just to screw
• 21:24
  Speaker 2: with us, and so ten oil companies and the American
• 21:28
  Speaker 2: Petroleum Institute in a June letter said that if we
• 21:33
  Speaker 2: can drill in those areas, it has the potential to
• 21:38
  Speaker 2: generate jobs, new revenue, revenue, and an additional production to
• 21:43
  Speaker 2: advance America's energy dominance. Nothing about alternative energy, that doesn't exist.
• 21:51
  Speaker 3: It's all about drill, baby, drill.
• 21:54
  Speaker 2: And that's the difference between well, the next administration, which
• 22:00
  Speaker 2: is probably, I'm guessing not going to be a very
• 22:04
  Speaker 2: conservative administration because if I had to guess, and I do,
• 22:09
  Speaker 2: I think I think the economy is not going to
• 22:12
  Speaker 2: do well.
• 22:13
  Speaker 3: Prices are going to go up pretty dramatically.
• 22:16
  Speaker 2: And I think and the cost of living going to
• 22:18
  Speaker 2: go up, and I think that's going.
• 22:19
  Speaker 3: To really hurt. The other thing that's being considered is.
• 22:25
  Speaker 2: Up off the Alaska coast, but way up there, that's
• 22:29
  Speaker 2: six auctions. Now the High Arctic region being considered. It's
• 22:35
  Speaker 2: not going to be it's not going to happen because
• 22:37
  Speaker 2: you couldn't You can't clean up an oil spell if
• 22:39
  Speaker 2: it happens. It's so remote, conditions so extreme, the environment
• 22:44
  Speaker 2: so fragile that even a very pro drilling administration and
• 22:51
  Speaker 2: the oil companies are going to stay away from that
• 22:53
  Speaker 2: because it's just too damn expensive.
• 22:55
  Speaker 3: But are we going to see.
• 22:57
  Speaker 2: New oil drilling rigs out southern California? Well, the fourteen
• 23:03
  Speaker 2: million dollar homes are the eighteen million dollar homes in
• 23:06
  Speaker 2: Malibu who are going to lose all of their ocean
• 23:12
  Speaker 2: footage because of climate change and the Casar rising, plus
• 23:18
  Speaker 2: offshore quarter of a mile, you'll see a few of
• 23:21
  Speaker 2: those oil rigs. How much you think those homes are
• 23:24
  Speaker 2: going to be worth.
• 23:25
  Speaker 3: In five years? I wouldn't buy one. All right, guys,
• 23:30
  Speaker 3: we're done. You've been listening to the Bill Handle show.
• 23:33
  Speaker 2: Catch my show Monday through Friday, six am to nine
• 23:36
  Speaker 2: AM and anytime on demand on the iHeartRadio app.