1 00:00:22,440 --> 00:00:27,920 Speaker 1: And hello, how are you doing. Happy Wednesday to you 2 00:00:28,039 --> 00:00:31,920 on this seventh day of January, year of all our 3 00:00:32,000 --> 00:00:35,920 twenty twenty six. My name is Tom Sullivan, and we've 4 00:00:35,920 --> 00:00:37,640 got a lot to go over today. It's been a 5 00:00:37,759 --> 00:00:43,119 very busy, very busy news day today, and it started 6 00:00:43,119 --> 00:00:47,280 off with everybody still following up on new there's new information, 7 00:00:47,479 --> 00:00:51,840 new news every day about Venezuela. And we've got Venezeuela, 8 00:00:51,920 --> 00:00:57,520 and we've got protest going on in Iran. We've got 9 00:00:57,719 --> 00:01:01,240 you want to buy Greenland, you want to take it over. 10 00:01:02,039 --> 00:01:07,879 We've got takeover of another couple of ships today. And 11 00:01:07,959 --> 00:01:10,840 it's the one year anniversary of the La fire. So 12 00:01:13,359 --> 00:01:17,840 I guess we should start with what happened today in Minneapolis. 13 00:01:19,280 --> 00:01:23,000 There was a protest going on Minneapolis. They're doing ICE 14 00:01:23,120 --> 00:01:27,760 is doing a surge in Minneapolis. They've got according to 15 00:01:28,719 --> 00:01:32,519 the Mayor of Minneapolis, they've got two thousand ICE agents 16 00:01:32,879 --> 00:01:36,120 have been assigned. ICE hasn't said that, so I don't 17 00:01:36,120 --> 00:01:38,519 know if that's the right number, but apparently there's a 18 00:01:38,560 --> 00:01:41,719 surge of ICE agents that have been sent to Minneapolis 19 00:01:41,760 --> 00:01:44,719 to round up people that are illegally in this country 20 00:01:45,560 --> 00:01:49,079 and doing so. There was a group of people, a 21 00:01:49,120 --> 00:01:53,400 fairly large group of people protesting where the ICE agents 22 00:01:53,480 --> 00:01:57,400 were in a neighborhood trying to they had a target 23 00:01:57,640 --> 00:02:01,599 they were going after somebody, and people found out about 24 00:02:01,640 --> 00:02:06,000 this and they started gathering and a woman, thirty seven 25 00:02:06,079 --> 00:02:12,080 year old woman had a mini suv and she it 26 00:02:12,120 --> 00:02:14,919 looked like I guess you could say, she looked like 27 00:02:14,960 --> 00:02:16,719 she was trying to do a U turn on a 28 00:02:16,759 --> 00:02:20,520 city street. And this is where the ICE agents and 29 00:02:20,680 --> 00:02:25,360 their pickup trucks and vans were coming, and so essentially 30 00:02:25,479 --> 00:02:28,360 she blocked the street. Was she trying to do a 31 00:02:28,520 --> 00:02:30,560 U turn or not? I kind of doubted. I think 32 00:02:30,599 --> 00:02:36,439 she was trying to block them. So two ICE agents 33 00:02:36,439 --> 00:02:38,800 get out of a pickup truck and walk up to 34 00:02:38,919 --> 00:02:41,240 the door and try to open the door to get 35 00:02:41,280 --> 00:02:46,919 her out, take her into custody for blocking the obstruction 36 00:02:47,000 --> 00:02:49,879 of justice. But there was another ICE agent that was 37 00:02:49,960 --> 00:02:54,680 kind of standing near the front fender of this mini suv, 38 00:02:55,520 --> 00:02:57,960 and the woman started to turn to go down the 39 00:02:58,039 --> 00:03:01,680 road to unblock the road and went toward this Ice 40 00:03:01,759 --> 00:03:05,960 agent and he opened up with gunfire and killed her. 41 00:03:06,879 --> 00:03:11,159 So the chaos after that has gone way way up. 42 00:03:11,919 --> 00:03:16,560 When I first heard about this, I thought, well, one 43 00:03:16,599 --> 00:03:19,120 of the things I've seen people do. They with their cars, 44 00:03:19,120 --> 00:03:22,639 they try to run down a police officer, police that 45 00:03:22,680 --> 00:03:25,919 are trying to apprehend them, stop them, whatever it might be. 46 00:03:26,879 --> 00:03:29,639 I got a tip from Tom for you don't do 47 00:03:29,759 --> 00:03:33,680 that because you will get shot. That is automatic. If 48 00:03:33,719 --> 00:03:36,080 police feel that you are trying to run them over, 49 00:03:36,599 --> 00:03:40,840 they are in life danger, they will shoot you. So 50 00:03:41,199 --> 00:03:43,879 I finally saw the video late this afternoon of what 51 00:03:45,319 --> 00:03:50,319 of what happened, and it's a little more nuanced. It's 52 00:03:50,360 --> 00:03:53,120 not that she was trying to run this guy down, 53 00:03:53,800 --> 00:03:57,159 I don't think, but he might have thought she was. 54 00:03:58,400 --> 00:04:01,120 In any case, So there's going to be we got 55 00:04:01,159 --> 00:04:06,120 another Minneapolis problem. And I don't know what's going to 56 00:04:06,199 --> 00:04:09,479 It's cold, so maybe the riders won't be out there 57 00:04:09,520 --> 00:04:13,400 like they were with George Floyd. But uh, there's the 58 00:04:13,680 --> 00:04:18,800 chaos indicator has gone to the moon in Minneapolis this afternoon. 59 00:04:19,920 --> 00:04:22,720 Let's go to Let's go to Venezuela, because we've got Venezuela, 60 00:04:22,759 --> 00:04:25,079 we got the oil, We've got the fact that the 61 00:04:25,120 --> 00:04:28,839 President announced today that Venezuela is going to give to 62 00:04:28,920 --> 00:04:34,720 the United States thirty to fifty million barrels of oil. 63 00:04:36,240 --> 00:04:39,000 That's a lot of oil. That's about two billion dollars 64 00:04:39,000 --> 00:04:43,560 worth of oil of today's market price. And then you 65 00:04:43,639 --> 00:04:47,800 get into the whole question about are we there to 66 00:04:47,959 --> 00:04:53,680 stop drugs or are we there to execute an arrest warrant? 67 00:04:53,759 --> 00:04:56,560 Are we there to change regimes? Are we I mean, 68 00:04:56,560 --> 00:05:00,000 there's all these we don't know and and the Trumpet 69 00:05:00,000 --> 00:05:05,399 administration really has been mixed messaging on what it is 70 00:05:05,600 --> 00:05:09,519 all about. No question, they had a warrant for the 71 00:05:09,600 --> 00:05:15,199 arrest of Maduro. That one's pretty easy. The question about 72 00:05:15,279 --> 00:05:19,000 the oil, you've got to go back to the seventies 73 00:05:19,040 --> 00:05:22,319 when this all started, and then Chavez bumped it up 74 00:05:22,319 --> 00:05:27,920 even more in the nineties. But they stole, they stole 75 00:05:28,480 --> 00:05:34,800 oil company's property and they're oil. And that is why 76 00:05:35,279 --> 00:05:39,040 there are sanctions on Venezuelan oil for them money to 77 00:05:39,079 --> 00:05:42,480 be paid back to the companies that they stole their 78 00:05:42,519 --> 00:05:47,439 assets and oil in the ground. So with all of this, 79 00:05:50,399 --> 00:05:52,560 thirty to fifty million barrels will be given to the 80 00:05:52,600 --> 00:05:57,720 United States by Venezuela. And that's just the first. Once 81 00:05:57,920 --> 00:06:02,800 that's completed, they'll do it again. It's basically endless. And 82 00:06:02,879 --> 00:06:06,639 the rest of this is is that the sanctions then 83 00:06:06,839 --> 00:06:11,560 will be dramatically relaxed. In other words, this Venezuelan oil 84 00:06:11,639 --> 00:06:17,160 can now be sold to other people in the Western Hemisphere. 85 00:06:17,759 --> 00:06:21,720 No more selling to China, no more doing business with 86 00:06:22,199 --> 00:06:26,000 Iran and Russia. This is going to be a whole 87 00:06:26,040 --> 00:06:28,759 new world for them, and they seem to be going 88 00:06:28,800 --> 00:06:34,240 along with it just fine. The question then, has been 89 00:06:34,360 --> 00:06:41,839 raised about the woman who is the appointed president, the 90 00:06:41,839 --> 00:06:48,079 former vice president under Maduro. Her name is Delsey Rodriguez. 91 00:06:48,759 --> 00:06:50,959 And the thing that's starting to be the buzz that's 92 00:06:51,000 --> 00:06:55,040 coming out This is not official, but the buzz is 93 00:06:55,079 --> 00:07:02,639 that she was the insider intel for us to figure 94 00:07:02,639 --> 00:07:07,800 out where Madua was, what his schedule was, where he lived, 95 00:07:08,480 --> 00:07:11,000 how to get into his house. All of that. That 96 00:07:11,279 --> 00:07:17,439 she was the intel source for the United States, and 97 00:07:17,560 --> 00:07:23,480 that may lead to why instead of putting up the 98 00:07:23,519 --> 00:07:27,600 opposition candidates that won the election back in a year ago, 99 00:07:28,000 --> 00:07:31,759 they decided to keep Delsea Rodriguez in place. Maybe it's 100 00:07:32,160 --> 00:07:35,319 as a payment to thank you for helping us pick 101 00:07:35,399 --> 00:07:39,439 up Maduro. This is all nobody's saying this officially, but 102 00:07:39,480 --> 00:07:41,439 a lot of people are talking about the fact that 103 00:07:41,480 --> 00:07:45,920 she looks like she may have been picked to be 104 00:07:46,360 --> 00:07:51,759 the continuing president of Venezuela because she didn't like what 105 00:07:51,839 --> 00:07:56,120 Madua was doing, so she helped us. So as we 106 00:07:56,199 --> 00:07:59,959 go along with all of this, President Trump was taught 107 00:08:00,000 --> 00:08:03,600 looking about getting the oil and then the money from 108 00:08:03,680 --> 00:08:06,759 the oil that with the thirty to fifty million barrels 109 00:08:07,319 --> 00:08:11,839 would be given to the United States, and that Donald 110 00:08:11,839 --> 00:08:16,319 Trump will personally determine where this money goes. Now it 111 00:08:16,360 --> 00:08:20,439 goes into US banks, we don't know which ones, and 112 00:08:20,480 --> 00:08:25,120 then Trump will decide, he said, where this money goes. 113 00:08:25,160 --> 00:08:28,399 That some of it will benefit the United States, some 114 00:08:28,439 --> 00:08:31,800 of it will benefit the people of Venezuela. And I 115 00:08:31,839 --> 00:08:34,480 think if we don't want to look like the big 116 00:08:35,200 --> 00:08:39,039 world global bullies, we better make sure to try and 117 00:08:39,120 --> 00:08:43,120 rebuild the goodwill of the people of the country. If 118 00:08:43,120 --> 00:08:45,720 you don't have the people behind you, you're going to 119 00:08:45,840 --> 00:08:48,639 have lots of problems. So here is what the President 120 00:08:48,679 --> 00:08:49,679 said early this morning. 121 00:08:49,960 --> 00:08:55,360 Speaker 2: We're going to have our very large United States oil companies, 122 00:08:55,399 --> 00:08:59,679 the biggest anywhere in the world, go in spend billions 123 00:08:59,679 --> 00:09:05,080 of dollars, fix the badly broken infrastructure, the oil infrastructure, 124 00:09:05,919 --> 00:09:08,200 and start making money for the country. 125 00:09:08,440 --> 00:09:10,840 Speaker 1: Well, actually, there's oil companies that are bigger than ours 126 00:09:11,039 --> 00:09:14,000 in other parts of the world. But that's a side comment. 127 00:09:14,600 --> 00:09:17,720 The other part behind this is what about the oil companies. 128 00:09:18,759 --> 00:09:21,639 They're not going to be very enthused about going in 129 00:09:21,639 --> 00:09:26,080 to an unstable country that has burned them at least twice, 130 00:09:26,200 --> 00:09:30,039 taking their assets in the past, billions of dollars of 131 00:09:30,080 --> 00:09:33,679 assets and all of the oil that was under where 132 00:09:33,679 --> 00:09:39,440 they had claims. So a professor of South American oil 133 00:09:39,799 --> 00:09:45,240 just study area out of Rice University of Francisco, Madaldi, 134 00:09:46,159 --> 00:09:49,440 was asked about this whole idea about US oil companies 135 00:09:49,480 --> 00:09:52,639 just running in there and investing billions of dollars. 136 00:09:52,879 --> 00:09:57,519 Speaker 3: Well, I don't think that it's clear exactly what he means. 137 00:09:57,639 --> 00:10:02,440 But you know, Venezuela would require about one hundred billion 138 00:10:02,519 --> 00:10:05,559 dollars of investment to go back to the levels of 139 00:10:05,679 --> 00:10:08,600 pig production, as you mentioned by the end of the 140 00:10:08,799 --> 00:10:13,120 nineteen nineties. But that will require a complete overhaul of 141 00:10:13,159 --> 00:10:18,399 the institutional system. It would require a legitimate government. You know, 142 00:10:18,440 --> 00:10:22,559 it will require long term horizons for investors. Investors have 143 00:10:22,639 --> 00:10:27,120 been burned in Venezuela many, many times by contract renegging 144 00:10:27,600 --> 00:10:31,320 and changes in the tax system, and these control by 145 00:10:31,399 --> 00:10:35,360 the national company. So I think it will take some 146 00:10:35,399 --> 00:10:39,200 significant amount of time for those investments to come. 147 00:10:39,639 --> 00:10:42,519 Speaker 1: The President said it will take eighteen months, and that 148 00:10:43,000 --> 00:10:45,320 he mentioned one time. He's only mentioned at once that 149 00:10:46,000 --> 00:10:50,799 the US taxpayer will reimburse the US oil companies for 150 00:10:50,919 --> 00:10:53,799 their expenses of getting this whole country set back up again, 151 00:10:54,080 --> 00:10:56,480 and then it will won't take only take eighteen months. 152 00:10:56,679 --> 00:10:59,440 You heard what the professor said, and he's not alone. 153 00:10:59,480 --> 00:11:02,799 Just about everybody in the oil patch is talking about 154 00:11:02,840 --> 00:11:08,320 it'll take one hundred billion dollars and probably ten years 155 00:11:08,639 --> 00:11:11,799 before you get then as whale oil production back to 156 00:11:11,840 --> 00:11:15,679 what it was before they started nationalizing. You're taking away 157 00:11:15,720 --> 00:11:21,200 these assets. So what about some of these oil companies, professor, But. 158 00:11:21,399 --> 00:11:23,879 Speaker 3: Other companies that are not in the country, like say 159 00:11:24,039 --> 00:11:28,200 Conocle or Excellon, that are owed money by the Venezuelan government, 160 00:11:28,639 --> 00:11:32,320 they will have to first of all look for opportunities, 161 00:11:32,399 --> 00:11:35,919 see the contracts, how they are offered, what is the 162 00:11:35,960 --> 00:11:39,720 fiscal regime, a variety of things, and then they will 163 00:11:39,720 --> 00:11:43,279 have to analyze if the political risks make it worth 164 00:11:43,320 --> 00:11:46,639 it to sink billions of dollars before they see the 165 00:11:46,679 --> 00:11:50,519 first revenue. And finally, there might be some smaller companies 166 00:11:50,759 --> 00:11:54,000 that are willing to go into fields that are currently 167 00:11:54,399 --> 00:11:57,559 operated by the national company and that already have all 168 00:11:57,559 --> 00:12:01,759 the infrastructure and just make a quick box by investing 169 00:12:01,799 --> 00:12:05,000 in some in drilling some weals. But that's not going 170 00:12:05,080 --> 00:12:08,639 to make the big difference that we're talking about that 171 00:12:08,799 --> 00:12:12,600 recovering the oil industry of Venezuela. Actually it's very compatible 172 00:12:12,679 --> 00:12:16,200 because the refineries in the Golf Coast were optimized to 173 00:12:16,279 --> 00:12:20,480 process that type of oil because Mexico and Venezuela were 174 00:12:20,519 --> 00:12:24,320 supposed to be increasing production, you know, in the nineteen nineties, 175 00:12:24,720 --> 00:12:28,559 and so the US has mostly light oil and the 176 00:12:28,600 --> 00:12:31,759 other source of heavy oil, which is Canada, it cannot 177 00:12:31,759 --> 00:12:35,240 get easily to the Golf Coast. There is no infrastructure 178 00:12:35,279 --> 00:12:39,919 because Keystone Excel was never built. So the refineries in 179 00:12:40,240 --> 00:12:42,799 Texas and Louisiana are really eager to get some of 180 00:12:42,840 --> 00:12:44,840 the heavy oil that Venezuela produces. 181 00:12:45,480 --> 00:12:48,240 Speaker 1: I don't mind. There's a lot of work and a 182 00:12:48,240 --> 00:12:52,080 lot of speculation and billions one hundreds of one hundred 183 00:12:52,159 --> 00:12:54,879 billion dollars over the next ten years. It won't be 184 00:12:54,960 --> 00:12:59,159 eighteen months. It's going to be a long grind to 185 00:12:59,200 --> 00:13:03,200 get there. Brett McGirk former national security guy talking about 186 00:13:03,240 --> 00:13:07,279 Venezuela and this idea of us getting their oil. 187 00:13:07,399 --> 00:13:10,519 Speaker 4: The where that comes to mind after the very successful 188 00:13:10,519 --> 00:13:13,879 operation in Caracas this weekend. The word that keeps coming 189 00:13:13,919 --> 00:13:15,559 to my mind is hubris, because when you have a 190 00:13:15,559 --> 00:13:18,399 successful operation like that, I think there's a risk to 191 00:13:18,440 --> 00:13:20,360 think that, Wow, look at that, we took some risk. 192 00:13:20,399 --> 00:13:22,720 It was very successive. We were so decisive, and now 193 00:13:22,799 --> 00:13:24,399 let's think of what else we can do. And since 194 00:13:24,440 --> 00:13:28,240 that operation, you've had President Trump talking about Columbia, Cuba, 195 00:13:28,279 --> 00:13:31,159 and now Greenland, and I just I mean that clip 196 00:13:31,200 --> 00:13:34,120 is very important because Venezuela is, to say the least, 197 00:13:34,200 --> 00:13:37,679 very unfinished. It's very uncertain. Nobody can really articulate where 198 00:13:37,679 --> 00:13:39,679 this is going. We've taken on a huge piece of 199 00:13:39,679 --> 00:13:42,200 business there. We do not want to get sucked into 200 00:13:42,200 --> 00:13:44,519 something that we can't handle. And I think you have 201 00:13:44,600 --> 00:13:47,919 to prioritize and focus on that. Otherwise you're going to 202 00:13:47,919 --> 00:13:54,080 become just totally unconstrained and lose prioritization. That is very risky. 203 00:13:54,559 --> 00:13:57,639 That's why hubris keeps coming to mind. Greenland had really 204 00:13:57,679 --> 00:13:59,679 not been discussed over the last six months. It's back 205 00:13:59,720 --> 00:14:03,759 now after the operation in Venezuela and the operation in Venezuela. 206 00:14:03,759 --> 00:14:06,519 At least Kate does have a colorable legal basis. There 207 00:14:06,600 --> 00:14:09,440 was a warrant for Madore, there's a twenty five million 208 00:14:09,480 --> 00:14:12,200 dollar bounty on his head, even from the Biden administration. 209 00:14:12,600 --> 00:14:15,080 All that talk about these other countries and just the 210 00:14:15,159 --> 00:14:17,720 raw exertion of power in our hemisphere I think is 211 00:14:17,799 --> 00:14:21,200 very dangerous and at risk fracturing those alliances that actually 212 00:14:21,279 --> 00:14:25,039 make America strong. So focus on what matters here. Venezuela 213 00:14:25,240 --> 00:14:28,159 very important, Ukraine, keep working on that deal, and then 214 00:14:28,159 --> 00:14:31,639 there's a huge global agenda that is coming with massive velocity. 215 00:14:31,679 --> 00:14:34,279 President Trump will have a somewhat Washesion ping in the spring, 216 00:14:34,919 --> 00:14:39,159 Taiwan Gaza, which Brock knows so well about all these issues, 217 00:14:39,159 --> 00:14:41,240 and of course Iran and the protests still going on 218 00:14:41,279 --> 00:14:46,759 in Iran. Very serious, massive global agenda, and just try 219 00:14:46,799 --> 00:14:48,840 to stay focused here. We don't need to be moving 220 00:14:48,879 --> 00:14:49,919 on Greenland right now. 221 00:14:50,320 --> 00:14:53,200 Speaker 1: So he's telling the President stay focus, and I find 222 00:14:53,559 --> 00:14:55,480 he has a little trouble with that, But we'll see 223 00:14:55,480 --> 00:14:58,399 how this works out. Basically, at this point, it's still 224 00:14:58,399 --> 00:15:01,279 we're only a couple of days into this, and there's 225 00:15:01,360 --> 00:15:05,519 a lot of questions about how this is all going 226 00:15:05,600 --> 00:15:10,799 to turn out. So meantime, we picked up two ships today. 227 00:15:11,600 --> 00:15:16,320 One of them is the ship called Bela I, and 228 00:15:16,399 --> 00:15:21,039 this is one that tried to evade the blockade around 229 00:15:21,120 --> 00:15:25,759 Venezuela a week and a half or so ago before Maduro, 230 00:15:26,519 --> 00:15:30,799 and it took off on the run, and our navy 231 00:15:30,840 --> 00:15:34,159 and Coastguard had been following in it and they haven't 232 00:15:34,600 --> 00:15:38,639 been able to take it under our control until today. 233 00:15:38,720 --> 00:15:45,279 It was on its way. It was halfway between Newfoundland 234 00:15:45,919 --> 00:15:48,919 and France up in the North Atlantic, so it had 235 00:15:48,960 --> 00:15:51,399 traveled quite some distance in the last week and a half. 236 00:15:51,919 --> 00:15:55,480 They in the meantime they changed their flag from Portugal 237 00:15:56,120 --> 00:16:02,039 to Russia, and they changed their name to Maderia as 238 00:16:02,039 --> 00:16:06,840 opposed to Bela one. It's an empty ship, and the 239 00:16:07,039 --> 00:16:11,559 question is what was that ship doing. He was probably 240 00:16:11,600 --> 00:16:15,559 going to pick up Venezuelan oil and then sail off 241 00:16:15,600 --> 00:16:18,759 to China and sell it there. We don't know right now, 242 00:16:18,799 --> 00:16:22,440 but that ship, we finally took it under our possession today. 243 00:16:23,639 --> 00:16:28,200 The other ship is a Sophia, is a ship that 244 00:16:28,639 --> 00:16:32,759 was also a mystery ship. And these are all these 245 00:16:32,840 --> 00:16:36,519 ghost ships that are being run. We're being run by 246 00:16:36,600 --> 00:16:43,000 Venezuela or Russia. And this other ship, Sofia, is an 247 00:16:43,000 --> 00:16:48,039 empty ship sailing toward Venezuela. And we don't know why 248 00:16:48,080 --> 00:16:52,120 it was empty, probably to pick up some oil. But 249 00:16:53,080 --> 00:16:56,399 who was on that ship? Why was that ship going 250 00:16:56,440 --> 00:17:00,440 where it was? Nick Robertson, who is based in London, 251 00:17:00,720 --> 00:17:03,200 has kind of the basics of the story. 252 00:17:03,840 --> 00:17:04,079 Speaker 5: Yeah. 253 00:17:04,160 --> 00:17:06,839 Speaker 6: Over the last few days, US Air Force has been 254 00:17:06,920 --> 00:17:11,519 flying PA to surveillance aircraft tracking this ship as it 255 00:17:11,559 --> 00:17:14,480 came into the Northern Atlantic. It's been heading sort of 256 00:17:14,480 --> 00:17:18,240 skirting wide of Ireland, heading up towards Iceland and that 257 00:17:18,359 --> 00:17:21,640 sort of gap to go towards the north of Russia, 258 00:17:21,680 --> 00:17:25,880 the Arctic Circle. Marine tracking experts believe a vessel of 259 00:17:25,920 --> 00:17:29,680 this size was likely headed towards moments that was the 260 00:17:29,720 --> 00:17:31,759 track that it was on, but that all came to 261 00:17:31,920 --> 00:17:35,599 a sudden, screeching halt about two and a half hours ago. 262 00:17:35,680 --> 00:17:40,799 Marine trackers noticing that the ship turned direction at that moment. 263 00:17:40,880 --> 00:17:43,599 And this really comports with the information we're getting now 264 00:17:43,799 --> 00:17:47,480 that the ship has been seized by US military and 265 00:17:47,640 --> 00:17:50,200 Coast Guard. It has been tracked closely by them, as 266 00:17:50,200 --> 00:17:53,720 we say, since it fled the coast of Venezuela about 267 00:17:53,759 --> 00:17:57,799 two weeks ago. What makes this even more interesting, if 268 00:17:57,839 --> 00:18:00,519 you will, The ship, when it started its journey two 269 00:18:00,559 --> 00:18:04,960 weeks ago was called the Bella. One halfway along that route, 270 00:18:05,000 --> 00:18:08,599 it changed its name to the Marinera and reflagged itself 271 00:18:08,799 --> 00:18:11,640 as Russian. Not clear. Why were they trying to get 272 00:18:11,839 --> 00:18:16,079 protection from Russia? Was always Russian? Unclear? The port that 273 00:18:16,160 --> 00:18:18,200 had appeared to be headed for in the past couple 274 00:18:18,240 --> 00:18:20,640 of days does appear to have been a Russian port, 275 00:18:20,799 --> 00:18:24,079 But now that ship has turned around, no longer heading 276 00:18:24,119 --> 00:18:26,880 north for the last couple of hours, heading south. Not 277 00:18:27,000 --> 00:18:29,519 clear where it will end up. It is believed to 278 00:18:29,559 --> 00:18:32,240 be empty, or at least devoid of oil. We don't 279 00:18:32,240 --> 00:18:34,680 know what else or who else may be on board 280 00:18:34,720 --> 00:18:38,880 of it, but certainly enough for Russia to deploy military 281 00:18:38,960 --> 00:18:42,599 assets to try to give it some shadow of some 282 00:18:42,720 --> 00:18:46,759 kind of protection, and clearly not enough to deter the 283 00:18:47,000 --> 00:18:50,960 US Coast Guard and the US military assets that seized 284 00:18:51,000 --> 00:18:51,920 it a few hours ago. 285 00:18:52,000 --> 00:18:54,559 Speaker 1: Yeah, that's the part about Russia that was interesting, is 286 00:18:54,559 --> 00:18:57,759 that Russia has some interest in this because they were 287 00:18:57,799 --> 00:19:01,160 desperately trying to protect this ship. They had a Russian submarine, 288 00:19:01,880 --> 00:19:05,359 uh at sailine under the water right next to the ship. 289 00:19:05,960 --> 00:19:06,079 Speaker 5: Uh. 290 00:19:06,240 --> 00:19:11,640 Speaker 1: They have they had. There was a couple of ships 291 00:19:12,279 --> 00:19:16,440 as well Finland and Sweden interdicted to other ships that 292 00:19:16,480 --> 00:19:20,240 were trying to cut cables out out of Finland and 293 00:19:20,319 --> 00:19:23,319 out of Sweden. So Russia is all of a sudden 294 00:19:23,440 --> 00:19:25,000 very active in all of this. 295 00:19:25,680 --> 00:19:25,759 Speaker 6: Uh. 296 00:19:25,839 --> 00:19:28,799 Speaker 1: The second ship that was seized was seized in the Caribbean. 297 00:19:29,200 --> 00:19:33,119 It was part of the ghost fleet moving h Venezuelan 298 00:19:33,240 --> 00:19:40,160 oil to probably China. Thomas Shannon, former Under Secretary of State, 299 00:19:40,960 --> 00:19:46,480 talks about this whole business of Venezuelan oil and their 300 00:19:46,599 --> 00:19:48,079 and their ghost ships. 301 00:19:48,440 --> 00:19:50,920 Speaker 7: Well, the seizure of this tanker is part of a 302 00:19:51,000 --> 00:19:55,720 larger effort to stop ghost ships and stop black market 303 00:19:56,119 --> 00:19:59,720 transfers of oil. And it's something the President and this 304 00:19:59,759 --> 00:20:04,440 ad themistration has committed himself in itself too. It's dramatic 305 00:20:04,599 --> 00:20:07,599 in terms of the way and it's being done, and 306 00:20:07,920 --> 00:20:13,559 it generates a potential confrontation with Russia, with China, with 307 00:20:13,599 --> 00:20:17,000 Iran and others who are benefiting from this kind of activity. 308 00:20:17,480 --> 00:20:20,920 But the role that the UK has played and the 309 00:20:21,000 --> 00:20:23,559 role that others have and will play in this is 310 00:20:23,599 --> 00:20:26,279 important in an effort to create greater transparency in the 311 00:20:26,279 --> 00:20:29,359 flow of oil and gas through the international markets, but 312 00:20:29,440 --> 00:20:31,079 especially the revenues that come from them. 313 00:20:31,359 --> 00:20:36,079 Speaker 1: So the oil revenues from the ghost ships has essentially 314 00:20:36,200 --> 00:20:38,880 been they're trying to shut it off. Probably at this 315 00:20:39,000 --> 00:20:42,160 point they're pretty successful with it. So whoever is on 316 00:20:42,200 --> 00:20:44,799 the other end of this getting the money, getting the 317 00:20:44,839 --> 00:20:46,799 oil is all of a sudden going to be looking 318 00:20:46,839 --> 00:20:50,039 around and finding their pockets are empty. So you've got 319 00:20:50,079 --> 00:20:52,960 all of that going on with Venezuela and the ghost ships, 320 00:20:53,119 --> 00:20:58,960 and you've got Greenland and the question about Greenland. This 321 00:20:59,480 --> 00:21:02,720 is so basi are because of the fact that we 322 00:21:02,799 --> 00:21:06,519 have an agreement from nineteen fifty one, right after the 323 00:21:06,599 --> 00:21:09,559 end of World War Two, in which we entered into 324 00:21:09,599 --> 00:21:13,880 an agreement with Denmark and Greenland that we could move 325 00:21:13,920 --> 00:21:17,160 in there as many soldiers and troops and set up 326 00:21:17,200 --> 00:21:20,480 forts and build military bases and do whatever we want 327 00:21:20,519 --> 00:21:23,559 to do. They said, you can do whatever you want 328 00:21:23,640 --> 00:21:27,400 to do. Come one, come all. And they were very 329 00:21:27,559 --> 00:21:31,440 combat more than accommodating. And so we don't need to 330 00:21:31,519 --> 00:21:35,359 buy them, we don't need to use our military to go, 331 00:21:35,880 --> 00:21:39,880 I don't know, take them over somehow. They're Basically the 332 00:21:39,960 --> 00:21:44,119 gates are open to us and they welcome us. Brett 333 00:21:44,200 --> 00:21:46,559 McGirk again talks a little bit about this. 334 00:21:47,319 --> 00:21:49,920 Speaker 4: If I within the Oval office with a president, any president, 335 00:21:50,000 --> 00:21:52,200 you asked what exactly do you want us to achieve? 336 00:21:52,240 --> 00:21:52,720 Speaker 1: And then how? 337 00:21:52,799 --> 00:21:55,920 Speaker 4: And when it comes to Greenland, it is true the 338 00:21:56,000 --> 00:22:00,319 strategic contested area of the Arctic with global warm with 339 00:22:00,440 --> 00:22:03,960 Russia China investing massively in these ice breaking ships, it's 340 00:22:04,000 --> 00:22:07,079 an important strategic area. But here's the good news. Denmark 341 00:22:07,240 --> 00:22:10,039 is part of basically a NATO ally. We have a 342 00:22:10,079 --> 00:22:14,240 treaty with Denmark from nineteen fifty one that basically allows 343 00:22:14,279 --> 00:22:17,079 us to have any military presence we want in Denmark. 344 00:22:17,279 --> 00:22:20,720 We have standing committees about military presence, security presence in 345 00:22:21,480 --> 00:22:26,440 Greenland and also about access to resources, trade and everything. 346 00:22:26,599 --> 00:22:29,039 So anything we might want to do in Greenland, and 347 00:22:29,079 --> 00:22:32,519 it is strategic territory, we can do through our friends 348 00:22:32,519 --> 00:22:34,359 and allies in Denmark. And I have to say I 349 00:22:34,440 --> 00:22:38,359 have built international coalitions and Denmark is one of our 350 00:22:38,440 --> 00:22:41,720 best allies. When everyone is something really hard, whether it 351 00:22:41,799 --> 00:22:44,480 was ships in the Red Sea, whether it was actually 352 00:22:44,559 --> 00:22:47,559 military forces to go into the heart of Iraq in 353 00:22:47,559 --> 00:22:49,240 the worst days of isis. I used to go to 354 00:22:49,279 --> 00:22:53,000 Copenhagen because Denmark is one of our staunchest allies. So 355 00:22:53,319 --> 00:22:56,400 whatever we want in Greenland, it is strategic, that is true. 356 00:22:56,759 --> 00:22:59,079 Pick up the phone and talk to the Danes and 357 00:22:59,119 --> 00:23:01,960 I think you'll have a very receptive conversation. We can 358 00:23:01,960 --> 00:23:05,559 get everything we want because it's a NATO ally and 359 00:23:05,559 --> 00:23:06,880 one of our strongest allies. 360 00:23:09,240 --> 00:23:09,440 Speaker 2: Yeah. 361 00:23:09,559 --> 00:23:11,720 Speaker 1: I don't know what all this chaos is about. Wanting 362 00:23:11,920 --> 00:23:19,000 to take Greenland militarily or by buying Greenland, whichever version 363 00:23:19,039 --> 00:23:22,559 you want to hear. Rubio is talking about buying it. 364 00:23:23,920 --> 00:23:27,759 Steven Miller is talking about taking it over. They're already 365 00:23:27,799 --> 00:23:34,200 welcoming us in. There isn't a problem. All right, We've 366 00:23:34,240 --> 00:23:38,240 got a lot to cover today. Let's get to Let's 367 00:23:38,240 --> 00:23:42,000 get to the LA fires. It's been one year. Been 368 00:23:42,119 --> 00:23:49,759 one year since the fires took out twelve thousand homes 369 00:23:49,759 --> 00:23:54,480 in Los Angeles, both the Eton and the Pacific Palisades fire. 370 00:23:54,839 --> 00:23:59,799 Twelve thousand homes, thirty one people were killed. Since then, 371 00:24:00,119 --> 00:24:05,039 been one year, there is for there have been fourteen 372 00:24:05,200 --> 00:24:12,240 hundred permits to build, so that's about ten little more 373 00:24:12,279 --> 00:24:17,359 than ten percent. LA just has mud all over their face. 374 00:24:17,920 --> 00:24:23,039 They drained the reservoir for some reason for maintenance, and 375 00:24:23,480 --> 00:24:26,319 it was right in the height of the fire season. 376 00:24:26,599 --> 00:24:29,759 They had forty five fire engines that were in their 377 00:24:29,799 --> 00:24:34,359 repair yard. Weather predictions were high the high Santa Ana winds, 378 00:24:34,400 --> 00:24:38,119 which are very changerous for fire. The mayor Mayor Karen 379 00:24:38,200 --> 00:24:42,359 Bass left the fire chief was eventually fired. She claimed 380 00:24:42,359 --> 00:24:45,400 they pre deployed fire trucks and they did not. They 381 00:24:45,519 --> 00:24:49,759 left the January first fire to smolder, which later is 382 00:24:49,839 --> 00:24:53,920 considered to be the start of the fire. And Governor 383 00:24:54,000 --> 00:24:58,640 Knewsom and Karen Bass were asked about how are things 384 00:24:58,680 --> 00:24:59,440 going out there in. 385 00:24:59,519 --> 00:25:02,720 Speaker 4: La costliest wildfire event in American history? Where are we 386 00:25:02,799 --> 00:25:04,359 at in the recovery effort. 387 00:25:04,839 --> 00:25:07,920 Speaker 7: We made tremendous problems, the fastest to pre removal in 388 00:25:07,960 --> 00:25:10,000 American history, at least modern American history. 389 00:25:10,000 --> 00:25:12,720 Speaker 8: In six months, people are still out of their homes. 390 00:25:13,119 --> 00:25:16,440 It doesn't make anybody feel wonderful for me to sit 391 00:25:16,480 --> 00:25:18,839 here and tell you that this is one of the 392 00:25:18,880 --> 00:25:23,839 fastest recovery and rebuilding efforts that the state of California 393 00:25:23,880 --> 00:25:26,319 has ever seen. And I'm proud of that. 394 00:25:27,119 --> 00:25:31,880 Speaker 1: She's proud of it. But the homeowners are so frustrated, 395 00:25:31,960 --> 00:25:35,799 beyond frustrated. So they've had roughly ten percent of the 396 00:25:35,799 --> 00:25:40,799 homes that were destroyed have had permits issued for them 397 00:25:40,839 --> 00:25:43,319 to rebuild, but then they got to go through even 398 00:25:43,400 --> 00:25:47,000 more hoops, over and over and over again. And Newsom 399 00:25:47,119 --> 00:25:51,119 is proud of the fact that they the fastest debris 400 00:25:51,119 --> 00:25:55,440 clearing that has ever been done in modern history. Well 401 00:25:55,480 --> 00:25:57,920 that's nice, but what have you done about getting to 402 00:25:57,920 --> 00:26:03,480 people back in their homes. Trish Allison, a professional photographer, 403 00:26:03,559 --> 00:26:07,799 lived in Pacific Palisades. She lost her home and she 404 00:26:07,920 --> 00:26:10,799 was asked about her reflections one year later. 405 00:26:11,160 --> 00:26:17,680 Speaker 5: It's a bit surreal, and honestly, I'm kind of heartbroken 406 00:26:17,759 --> 00:26:21,079 to hear the whole package before this because it brings 407 00:26:21,119 --> 00:26:24,240 back everything. A year has passed, but it also feels 408 00:26:24,319 --> 00:26:27,839 like only six seconds have passed. There's been really no 409 00:26:27,960 --> 00:26:31,599 development at all. So many of my friends are stuck, 410 00:26:31,720 --> 00:26:36,279 So many of my friends can't move back. Everything has 411 00:26:36,400 --> 00:26:43,000 been absolute hell, to be honest, and the progress is 412 00:26:43,119 --> 00:26:46,920 very slow, and it just is devastating for our whole community, 413 00:26:47,000 --> 00:26:49,799 and my heart just breaks for my entire town. 414 00:26:50,960 --> 00:26:54,039 Speaker 1: Besides her house, she also lost her business, but she 415 00:26:54,119 --> 00:26:58,759 also lost her neighborhood. And her life. I mean, a home, 416 00:26:59,359 --> 00:27:02,880 a roof of over your head is important, but it's 417 00:27:02,920 --> 00:27:06,680 more than that. It's about your community, your neighbors, the 418 00:27:07,599 --> 00:27:12,559 grocery store you like. Here's back to Trish Allison. 419 00:27:12,920 --> 00:27:18,799 Speaker 5: Thankfully my career, I'm mobile, right, so I'm a photographer 420 00:27:18,839 --> 00:27:21,880 and I primarily work with families and children. So the 421 00:27:21,920 --> 00:27:24,160 schools that I work with have been so supportive and 422 00:27:24,240 --> 00:27:28,200 I've been able to, you know, recoup my business. Although 423 00:27:28,319 --> 00:27:30,519 you know, I lost my home studio, I've been able 424 00:27:30,559 --> 00:27:32,440 to go on the road. I'm on the road way 425 00:27:32,440 --> 00:27:35,920 more than I was before, but I go to where 426 00:27:35,920 --> 00:27:37,960 the work is, and so I'm very grateful for that. 427 00:27:38,359 --> 00:27:42,839 Speaker 1: She was also asked for her assessment about giving an 428 00:27:42,839 --> 00:27:47,559 assessment grade to the governor and the mayor, the governor 429 00:27:47,559 --> 00:27:49,519 of California, the mayor of Los Angeles. 430 00:27:49,640 --> 00:27:52,279 Speaker 5: Unfortunately, I have no faith in our officials. I don't 431 00:27:52,319 --> 00:27:56,240 see any leadership that's come out of the on the 432 00:27:56,240 --> 00:27:59,000 state level or the city level. I feel like there's 433 00:27:59,079 --> 00:28:02,880 a complete lack of accountability, a complete lack of transparency. 434 00:28:03,440 --> 00:28:06,240 Lies after lies, everyone pointing the finger at someone else, 435 00:28:06,599 --> 00:28:10,720 completely absolving themselves to responsibility. True leaders should stand up 436 00:28:10,839 --> 00:28:13,400 admit faults where there is fault, improve on that for 437 00:28:13,440 --> 00:28:17,119 the next future disaster which will come. The fact is 438 00:28:17,200 --> 00:28:19,039 fire has happen. I don't care what causes them. I 439 00:28:19,039 --> 00:28:20,680 don't care if it's arsonists, I don't care if it's 440 00:28:20,720 --> 00:28:25,799 climate change. Fires happen. City officials jobs are to protect 441 00:28:26,279 --> 00:28:30,119 those that elected them. That did not happen on so 442 00:28:30,200 --> 00:28:32,839 many levels. There was no water in the reservoir, There 443 00:28:32,960 --> 00:28:36,559 was no action taking place for using deductors in the 444 00:28:36,599 --> 00:28:39,519 fire trucks to use standing water from pools. So many 445 00:28:39,559 --> 00:28:42,880 things burned on day two when there was no wind, 446 00:28:43,279 --> 00:28:46,240 no one was there. It makes absolutely no sense. We 447 00:28:46,240 --> 00:28:50,359 were literally left to burn with no one taking responsibility, 448 00:28:50,680 --> 00:28:53,200 nothing being learned from this, and so many people being 449 00:28:53,200 --> 00:28:56,200 displaced and never being able to come back to their home. 450 00:28:56,839 --> 00:28:59,319 And that's devastating loss. And I don't want to hear 451 00:28:59,319 --> 00:29:03,880 about the fast debris removal clearance. Yes, armu cor came 452 00:29:03,960 --> 00:29:07,319 in most of those houses, had to then hire private 453 00:29:07,720 --> 00:29:10,640 de pre removal because they didn't finish the jobs. They 454 00:29:10,640 --> 00:29:12,759 cleared out what they wanted to and left and you 455 00:29:12,839 --> 00:29:15,039 get no say in that. So it's a little bit 456 00:29:15,079 --> 00:29:15,519 of a joke. 457 00:29:16,759 --> 00:29:19,720 Speaker 1: There was an interesting connection between this story and the 458 00:29:19,759 --> 00:29:24,039 fraud story of Minnesota. The governor of Minnesota, Tim Walltz 459 00:29:24,119 --> 00:29:27,319 and the Attorney General Keith Ellison, and I don't know 460 00:29:27,319 --> 00:29:32,200 how many more are passing the buck on the billions 461 00:29:32,240 --> 00:29:34,920 and billions of dollars worth of fraud. They're pointing the 462 00:29:35,000 --> 00:29:39,480 finger at everybody. They're not taking any responsibility. The governor said, 463 00:29:39,519 --> 00:29:42,640 I'm the governor. I take responsibility and then went on 464 00:29:42,759 --> 00:29:46,799 to blame anybody and everybody that happened to be walking by. 465 00:29:47,599 --> 00:29:50,319 That's the same thing in Los Angeles. The governor of 466 00:29:50,359 --> 00:29:53,079 California and the mayor of Los Angeles are both They've 467 00:29:53,079 --> 00:29:55,599 got they've got all kinds of guilt all over them, 468 00:29:55,960 --> 00:30:01,079 and they're not taking any any any responsibility or accountability. 469 00:30:01,440 --> 00:30:06,079 So I guess that's why the Harry Truman signed on 470 00:30:06,119 --> 00:30:10,000 his desk. The buck stops here is something that lives 471 00:30:10,039 --> 00:30:13,480 on for many, many decades because that's not the way 472 00:30:13,519 --> 00:30:20,319 most politicians work. Also in Los Angeles, today Nick Reiner 473 00:30:21,240 --> 00:30:24,599 had a court appearance. It was an arraignment, was supposed 474 00:30:24,599 --> 00:30:27,960 to be an arraignment today and instead there was a 475 00:30:28,000 --> 00:30:33,359 surprise because this was the initial arrangement arraignment for the 476 00:30:33,440 --> 00:30:37,039 murder of his parents, Rob and Michelle Reiner. So the 477 00:30:37,039 --> 00:30:44,359 case was delayed because the defense lawyer, Alan Jackson, withdrew today, 478 00:30:45,519 --> 00:30:49,279 citing it was very complex and there were serious issues. 479 00:30:49,799 --> 00:30:55,079 So the judge in the case appointed lead a deputy 480 00:30:55,079 --> 00:30:58,839 public defender Kimberly Green is her name, as appointed as 481 00:30:58,880 --> 00:31:03,200 the new defense council for Nick Reiner. He spoke briefly 482 00:31:03,319 --> 00:31:05,920 confirming that he waved his right to a speedy arrangement. 483 00:31:07,240 --> 00:31:11,559 The new hearing is focusing on the defense wants time 484 00:31:11,640 --> 00:31:16,559 to do their investigation and the serious nature of the case, 485 00:31:17,279 --> 00:31:19,839 whatever that means, because it looked like it's pretty open 486 00:31:19,880 --> 00:31:23,319 and shut. But legal experts are debating whether or not 487 00:31:23,640 --> 00:31:29,200 a potential insanity defense might arise. Paul Morrow, who is 488 00:31:29,240 --> 00:31:30,359 a lawyer, weighed on. 489 00:31:30,359 --> 00:31:32,599 Speaker 9: This, accused me, Yeah, this is the read that I'm getting. 490 00:31:33,640 --> 00:31:36,759 The insanity defense is tough, all right, so very high bar. 491 00:31:36,880 --> 00:31:38,799 It has to be mental defect. You didn't understand that 492 00:31:38,839 --> 00:31:41,359 what you did is wrong. The problem for them is 493 00:31:41,400 --> 00:31:43,960 that he fled the scene after the homicides, indicating that 494 00:31:44,000 --> 00:31:46,200 he knew what he did was wrong, so that you know, 495 00:31:46,240 --> 00:31:49,200 that's a problem there. Jackson is talking about. This is 496 00:31:49,200 --> 00:31:51,359 going to be very complicated. This is a jaction is 497 00:31:51,359 --> 00:31:53,519 a defense attorney. There's going to be a long case. 498 00:31:53,559 --> 00:31:54,880 There's a lot of complexities. 499 00:31:55,079 --> 00:31:55,680 Speaker 3: Excuse me. 500 00:31:56,160 --> 00:31:59,839 Speaker 9: What he's going to say is medication. He was on medication, 501 00:32:00,599 --> 00:32:03,519 skewed his brain, and that could drop it from murder 502 00:32:03,519 --> 00:32:07,119 one to murder two because they can play with the premeditation. 503 00:32:07,720 --> 00:32:10,640 Speaker 1: So that was before we found out that Alan Jackson, 504 00:32:10,720 --> 00:32:15,319 the lawyer that was touted as being a superstar lawyer, 505 00:32:15,599 --> 00:32:19,359 he withdrew today because of again he said, because of 506 00:32:19,400 --> 00:32:24,519 the very complex and serious issues and doesn't seem like 507 00:32:24,599 --> 00:32:27,839 it's all that much, but he said he cited the 508 00:32:27,880 --> 00:32:34,480 cases complexity. The court appointed Kimberly Green. The defense has 509 00:32:34,519 --> 00:32:40,359 requested the sealed subpoenas indicating deep investigation into very complex 510 00:32:40,480 --> 00:32:43,640 and serious issues. I can see that they will go 511 00:32:43,759 --> 00:32:47,279 either insanity or maybe go down the road of they 512 00:32:47,359 --> 00:32:50,680 changed prescription medicine on him. We've talked about this before. 513 00:32:50,960 --> 00:32:53,119 There have been lots of cases where people have had 514 00:32:53,440 --> 00:32:56,680 psychotropic drugs that have been changed and they go right 515 00:32:56,720 --> 00:33:01,720 off the rails. So this whole thing is big superstar 516 00:33:01,880 --> 00:33:04,680 lawyer that I'm out. I'm not going to do this one. 517 00:33:05,200 --> 00:33:09,000 So on Wallstreet today. We set all those records yesterday, 518 00:33:09,759 --> 00:33:12,039 so we undid some of it. We did some profit 519 00:33:12,079 --> 00:33:17,000 taking today. The dow down four hundred and sixty six. 520 00:33:17,519 --> 00:33:21,160 The dow at forty eight nine ninety six, by the way, 521 00:33:21,240 --> 00:33:24,279 is making a run towards fifty thousand. Every time I've 522 00:33:24,319 --> 00:33:28,519 seen the odometer change on Wall Street for decades, it 523 00:33:28,599 --> 00:33:31,160 gets up there, it gets closed at backs off, It 524 00:33:31,200 --> 00:33:33,319 gets up there, gets closed at backs off. It does 525 00:33:33,400 --> 00:33:36,079 it two three, four times, maybe takes a couple of weeks, 526 00:33:36,319 --> 00:33:38,680 and then it breaks through. So we'll see if that 527 00:33:38,880 --> 00:33:44,759 repeats in this particular effort. SMP down twenty four, NASDAK 528 00:33:45,000 --> 00:33:48,319 up thirty seven. Price of gold fell twenty nine dollars 529 00:33:48,359 --> 00:33:51,559 to forty four sixty seven, and oil fell a buck 530 00:33:51,920 --> 00:33:54,960 down to fifty six dollars for one barrel of oil. 531 00:33:55,839 --> 00:33:59,079 Thank you for stopping by today, and we will be 532 00:33:59,200 --> 00:34:01,359 back again tomorrow. Hope to see you there.