RUSH TRANSCRIPT For look ░░░░░░░░ since January so you ░░░░░░░░ expect that it would ░░░░░░░░ cold but I I ░░░░░░░░ we re seeing some ░░░░░░░░ weather events and cold ░░░░░░░░ far south I mean ░░░░░░░░ m hearing about beaches ░░░░░░░░ Florida white with snow ░░░░░░░░ hand snow in Texas ░░░░░░░░ tr polar vortex cold ░░░░░░░░ been sweeping through the ░░░░░░░░ certainly through the heartland ░░░░░░░░ here in Washington D ░░░░░░░░ where we re doing ░░░░░░░░ show this week for ░░░░░░░░ week Daniel Turner is ░░░░░░░░ great friend of the ░░░░░░░░ he s over there ░░░░░░░░ power the future power ░░░░░░░░ future dot com he ░░░░░░░░ the founder and executive ░░░░░░░░ of this organization If ░░░░░░░░ don t know what ░░░░░░░░ re going to get ░░░░░░░░ know it been a ░░░░░░░░ friend and resource to ░░░░░░░░ show data first of ░░░░░░░░ happy new year and ░░░░░░░░ to the the brand ░░░░░░░░ show glad to have ░░░░░░░░ I m thrilled to ░░░░░░░░ on and I congratulate ░░░░░░░░ for this huge new ░░░░░░░░ So that s great ░░░░░░░░ well deserved Thank you ░░░░░░░░ friend you re an ░░░░░░░░ voice because all the ░░░░░░░░ over the years that ░░░░░░░░ ve got to know ░░░░░░░░ other and talk one ░░░░░░░░ the things that consistently ░░░░░░░░ to keep happening is ░░░░░░░░ re living these ridiculous ░░░░░░░░ energy policies To ostensibly ░░░░░░░░ keep the planet from ░░░░░░░░ and yet here we ░░░░░░░░ in another deep freeze ░░░░░░░░ yeah 20 20 five ░░░░░░░░ the coldest year in ░░░░░░░░ and and of course ░░░░░░░░ who can do do ░░░░░░░░ bit of statistics would ░░░░░░░░ well that s not ░░░░░░░░ fair right we re ░░░░░░░░ a month into 20 ░░░░░░░░ five but you know ░░░░░░░░ what s the purpose ░░░░░░░░ having honest statistics when ░░░░░░░░ have a narrative to ░░░░░░░░ we hear all the ░░░░░░░░ that 20 20 four ░░░░░░░░ the hottest year in ░░░░░░░░ history and I can ░░░░░░░░ you how they manipulate ░░░░░░░░ The come up with ░░░░░░░░ number so I m ░░░░░░░░ to emulate them to ░░░░░░░░ say 20 20 five ░░░░░░░░ the coldest year and ░░░░░░░░ is all because we ░░░░░░░░ a new president and ░░░░░░░░ climate crisis is south ░░░░░░░░ in deep freeze after ░░░░░░░░ snowfall this from The ░░░░░░░░ Street Journal Daniel Turner ░░░░░░░░ rare winter storm along ░░░░░░░░ gulf coast and south ░░░░░░░░ left record snow and ░░░░░░░░ temps Two people who ░░░░░░░░ outside died in Austin ░░░░░░░░ on Monday and Tuesday ░░░░░░░░ kills people Daniel and ░░░░░░░░ of the things that ░░░░░░░░ know in Europe Our ░░░░░░░░ friends I ve talked ░░░░░░░░ lot about this People ░░░░░░░░ not know it but ░░░░░░░░ Germany it s become ░░░░░░░░ cost prohibitive for people ░░░░░░░░ use home eat they ░░░░░░░░ rather burn their own ░░░░░░░░ start Fires then turn ░░░░░░░░ the thermostat That s ░░░░░░░░ the lunatic policies of ░░░░░░░░ left have done in ░░░░░░░░ and that chancellor s ░░░░░░░░ m to understand is ░░░░░░░░ to be thrown out ░░░░░░░░ chancellor not welcome to ░░░░░░░░ United States by the ░░░░░░░░ for our swearing in ░░░░░░░░ But the European policies ░░░░░░░░ our canary in the ░░░░░░░░ mine though they are ░░░░░░░░ they re good 20 ░░░░░░░░ years ahead of us ░░░░░░░░ it still hasn t ░░░░░░░░ there and they have ░░░░░░░░ trillions of euro in ░░░░░░░░ supporting wind and solar ░░░░░░░░ They ve seen nothing ░░░░░░░░ their electricity rates absolutely ░░░░░░░░ Germany s economy is ░░░░░░░░ full contraction is one ░░░░░░░░ the worst performing of ░░░░░░░░ juice It is the ░░░░░░░░ performing of the g ░░░░░░░░ nations currently and that ░░░░░░░░ because manufacturing I can ░░░░░░░░ afford to keep their ░░░░░░░░ open because they re ░░░░░░░░ so much for utility ░░░░░░░░ and so I think ░░░░░░░░ saw four thousand companies ░░░░░░░░ those manufacturing companies closed ░░░░░░░░ Germany last calendar year ░░░░░░░░ this is all foreboding ░░░░░░░░ these policies haven t ░░░░░░░░ there Despite their good ░░░░░░░░ they haven t worked ░░░░░░░░ why do we think ░░░░░░░░ would work here in ░░░░░░░░ American people had four ░░░░░░░░ of a taste of ░░░░░░░░ green really unabashedly on ░░░░░░░░ the green policies and ░░░░░░░░ saw the beginning of ░░░░░░░░ We saw utility rates ░░░░░░░░ 30 percent nationwide We ░░░░░░░░ food prices increase the ░░░░░░░░ of all consumer goods ░░░░░░░░ up all that s ░░░░░░░░ to energy and then ░░░░░░░░ scariest part is you ░░░░░░░░ said right now is ░░░░░░░░ when the cold comes ░░░░░░░░ we have enough energy ░░░░░░░░ keep us alive We ░░░░░░░░ about climate change in ░░░░░░░░ summer because it s ░░░░░░░░ and hot as bothersome ░░░░░░░░ hot as sexy in ░░░░░░░░ everyone sweating in So ░░░░░░░░ s easy to talk ░░░░░░░░ climate change when it ░░░░░░░░ hot but no one ░░░░░░░░ talking about climate change ░░░░░░░░ it s cold and ░░░░░░░░ cold kills eight times ░░░░░░░░ people than the heat ░░░░░░░░ and this is when ░░░░░░░░ Need energy the most ░░░░░░░░ re pretty resilient to ░░░░░░░░ Actually it s the ░░░░░░░░ is what kills and ░░░░░░░░ don t as a ░░░░░░░░ right now have enough ░░░░░░░░ to keep us alive ░░░░░░░░ the cold and that ░░░░░░░░ a huge risk and ░░░░░░░░ s a it s ░░░░░░░░ damn Shame Daniel Turner ░░░░░░░░ power the future because ░░░░░░░░ have so much of ░░░░░░░░ right underneath our feet ░░░░░░░░ my Johnson made news ░░░░░░░░ we started this week ░░░░░░░░ barry Weiss his podcast ░░░░░░░░ about his conversation with ░░░░░░░░ on liquefied natural gas ░░░░░░░░ the gulf and Johnson ░░░░░░░░ the Biden Why did ░░░░░░░░ shut that down To ░░░░░░░░ Biden responded I didn ░░░░░░░░ shut anything down yeah ░░░░░░░░ did and finds that ░░░░░░░░ no I just signed ░░░░░░░░ order to study it ░░░░░░░░ said he knew at ░░░░░░░░ point by that nothing ░░░░░░░░ do or didn t ░░░░░░░░ what he was signing ░░░░░░░░ these policies to that ░░░░░░░░ You know that if ░░░░░░░░ natural gas the fracking ░░░░░░░░ goes on in Pennsylvania ░░░░░░░░ ve we ve got ░░░░░░░░ much energy and these ░░░░░░░░ we re trying to ░░░░░░░░ us from Using it ░░░░░░░░ exactly and that that ░░░░░░░░ really was detrimental to ░░░░░░░░ so the natural gas ░░░░░░░░ and you know that ░░░░░░░░ proponents of it are ░░░░░░░░ say well He technically ░░░░░░░░ said we re going ░░░░░░░░ pause until we get ░░░░░░░░ study done Surprise Surprise ░░░░░░░░ the study came out ░░░░░░░░ the end of December ░░░░░░░░ took a year to ░░░░░░░░ get the study and ░░░░░░░░ study show that elegy ░░░░░░░░ of course causing climate ░░░░░░░░ and therefore needed to ░░░░░░░░ paused in perpetuity But ░░░░░░░░ don t know if ░░░░░░░░ was just playing coy ░░░░░░░░ don t know if ░░░░░░░░ actually doesn t know ░░░░░░░░ he s doing We ░░░░░░░░ just celebrate the fact ░░░░░░░░ the by administration has ░░░░░░░░ to an end a ░░░░░░░░ but I was hearing ░░░░░░░░ interior secretary Doug bergen ░░░░░░░░ he raised this exam ░░░░░░░░ he said the entire ░░░░░░░░ England area is desperate ░░░░░░░░ for natural gas We ░░░░░░░░ an abundance of it ░░░░░░░░ the commonwealth of Pennsylvania ░░░░░░░░ yet green policies prohibit ░░░░░░░░ from building a pipeline ░░░░░░░░ came build the pipeline ░░░░░░░░ Pennsylvania to to the ░░░░░░░░ area so much so ░░░░░░░░ we re talking about ░░░░░░░░ it from from other ░░░░░░░░ or We re still ░░░░░░░░ wood stoves this is ░░░░░░░░ and it is it ░░░░░░░░ absolute insanity but they ░░░░░░░░ committed to these stupid ░░░░░░░░ I hate I ve ░░░░░░░░ with you on our ░░░░░░░░ based show Daniel How ░░░░░░░░ I hate hate hate ░░░░░░░░ mean with a capital ░░░░░░░░ hate wind mills I ░░░░░░░░ they are the obnoxious ░░░░░░░░ seen ugly and I ░░░░░░░░ no evidence they work ░░░░░░░░ fact I see the ░░░░░░░░ that they re killing ░░░░░░░░ marine life Daniel and ░░░░░░░░ seems to agree he ░░░░░░░░ up into the nation ░░░░░░░░ wind increases the Washington ░░░░░░░░ on his first day ░░░░░░░░ office pausing new offshore ░░░░░░░░ ordering a full review ░░░░░░░░ all existing offshore wind ░░░░░░░░ Pretty say of that ░░░░░░░░ it s fantastic out ░░░░░░░░ the president really hates ░░░░░░░░ as well which is ░░░░░░░░ you do I do ░░░░░░░░ and I m we ░░░░░░░░ across it from different ░░░░░░░░ of of course but ░░░░░░░░ concludes that windmills a ░░░░░░░░ because this the guy ░░░░░░░░ really knows construction be ░░░░░░░░ that despite what anyone ░░░░░░░░ say about him he ░░░░░░░░ got fifty years in ░░░░░░░░ building industry in the ░░░░░░░░ you really want to ░░░░░░░░ him excited and ask ░░░░░░░░ about concrete or stone ░░░░░░░░ bricks because he knows ░░░░░░░░ trade steel steel with ░░░░░░░░ strings I m sure ░░░░░░░░ knows how much these ░░░░░░░░ cost the amount of ░░░░░░░░ going into construct them ░░░░░░░░ then their return on ░░░░░░░░ and and and the ░░░░░░░░ of the windmill is ░░░░░░░░ in it s lifetime ░░░░░░░░ will never offset the ░░░░░░░░ it fossil fuels It ░░░░░░░░ meant to in terms ░░░░░░░░ carbon it s just ░░░░░░░░ complete lie and and ░░░░░░░░ we re told we ░░░░░░░░ to double down on ░░░░░░░░ sly without the power ░░░░░░░░ government mandating a wind ░░░░░░░░ solar and without the ░░░░░░░░ of the tax payers ░░░░░░░░ stopping the wind and ░░░░░░░░ failure No one would ░░░░░░░░ these products They re ░░░░░░░░ they re expensive there ░░░░░░░░ they re made with ░░░░░░░░ and communist China they ░░░░░░░░ they re not good ░░░░░░░░ but you get enough ░░░░░░░░ elected politicians Republican and ░░░░░░░░ and they ll push ░░░░░░░░ down your throat like ░░░░░░░░ bad vaccine whether you ░░░░░░░░ or not dangle turner ░░░░░░░░ power The future you ░░░░░░░░ with a lot of ░░░░░░░░ talk with a lot ░░░░░░░░ people in energy production ░░░░░░░░ development of energy oil ░░░░░░░░ gas and other things ░░░░░░░░ s the status what ░░░░░░░░ you hearing Trump to ░░░░░░░░ days and lots of ░░░░░░░░ orders But again we ░░░░░░░░ talked before you can ░░░░░░░░ just turn your practice ░░░░░░░░ developing energy and getting ░░░░░░░░ out of the ground ░░░░░░░░ can t turn that ░░░░░░░░ on a dime it ░░░░░░░░ years So what are ░░░░░░░░ know about the industry ░░░░░░░░ Are they reacting to ░░░░░░░░ new Trump Administration Well ░░░░░░░░ think they re very ░░░░░░░░ about about a lot ░░░░░░░░ these shackles being lifted ░░░░░░░░ the lot of these ░░░░░░░░ being eliminated but you ░░░░░░░░ absolutely right It does ░░░░░░░░ a little time for ░░░░░░░░ industry to come online ░░░░░░░░ just think about drilling ░░░░░░░░ oil well right once ░░░░░░░░ actually get the leasing ░░░░░░░░ you get all the ░░░░░░░░ from the federal government ░░░░░░░░ amount of money You ░░░░░░░░ to of a lease ░░░░░░░░ equipment and personnel and ░░░░░░░░ everything into position takes ░░░░░░░░ and months and before ░░░░░░░░ start even drilling and ░░░░░░░░ you you got it ░░░░░░░░ much process of once ░░░░░░░░ start extracting it s ░░░░░░░░ it takes five Six ░░░░░░░░ before you actually make ░░░░░░░░ profit than in those ░░░░░░░░ six years Your tens ░░░░░░░░ a hundred million dollars ░░░░░░░░ and not in debt ░░░░░░░░ in in financing right ░░░░░░░░ re you re paying ░░░░░░░░ loans before you made ░░░░░░░░ in any money right ░░░░░░░░ there there s so ░░░░░░░░ directions where you need ░░░░░░░░ You need financing support ░░░░░░░░ need back in support ░░░░░░░░ we have a bind ░░░░░░░░ that says we re ░░░░░░░░ to make it difficult ░░░░░░░░ you to get money ░░░░░░░░ banks because we re ░░░░░░░░ punish banks if they ░░░░░░░░ to fossil fuels we ░░░░░░░░ going to make it ░░░░░░░░ you to do any ░░░░░░░░ any fracking If you ░░░░░░░░ through that hurdle were ░░░░░░░░ to make it difficult ░░░░░░░░ you to build up ░░░░░░░░ to connect your product ░░░░░░░░ the grid so you ░░░░░░░░ re you re getting ░░░░░░░░ tax from so many ░░░░░░░░ Why bother at that ░░░░░░░░ t make any sense ░░░░░░░░ then the by the ░░░░░░░░ yelled they re buying ░░░░░░░░ their stock they re ░░░░░░░░ themselves expensive dividends What ░░░░░░░░ are they supposed to ░░░░░░░░ with their money You ░░░░░░░░ you didn t tell ░░░░░░░░ They can t make ░░░░░░░░ oil so so they ░░░░░░░░ doing something with that ░░░░░░░░ to it s gonna ░░░░░░░░ some time for this ░░░░░░░░ this ship to right ░░░░░░░░ but it well Where ░░░░░░░░ you think I mean ░░░░░░░░ rumford s at my ░░░░░░░░ the her up society ░░░░░░░░ I took this poll ░░░░░░░░ them where they thought ░░░░░░░░ prices would be They ░░░░░░░░ very optimistic quickly that ░░░░░░░░ average they d be ░░░░░░░░ below three dollars I ░░░░░░░░ t looked today where ░░░░░░░░ are I know the ░░░░░░░░ itself has shot through ░░░░░░░░ roof over the last ░░░░░░░░ or so Where do ░░░░░░░░ think gas prices are ░░░░░░░░ over the next four ░░░░░░░░ Well oil hasn t ░░░░░░░░ below sixty dollars a ░░░░░░░░ since April of 20 ░░░░░░░░ one that s almost ░░░░░░░░ years and sixty dollar ░░░░░░░░ barrel oil is very ░░░░░░░░ We ve gotten incredibly ░░░░░░░░ to it We just ░░░░░░░░ this is now the ░░░░░░░░ normal It goes back ░░░░░░░░ the those that that ░░░░░░░░ of the Obama Administration ░░░░░░░░ we want European style ░░░░░░░░ so album but I ░░░░░░░░ to see oil prices ░░░░░░░░ I think oil can ░░░░░░░░ drop to below sixty ░░░░░░░░ the end of the ░░░░░░░░ Was there are being ░░░░░░░░ Are enough market signals ░░░░░░░░ there s a comfort ░░░░░░░░ of the industry just ░░░░░░░░ producing better to start ░░░░░░░░ and to start producing ░░░░░░░░ oil So I like ░░░░░░░░ see it you know ░░░░░░░░ below sixty by by ░░░░░░░░ December If you go ░░░░░░░░ to 20 17 Trump ░░░░░░░░ first term that s ░░░░░░░░ how long it took ░░░░░░░░ the regulations to kick ░░░░░░░░ about a year so ░░░░░░░░ m gonna give him ░░░░░░░░ eleven months While do ░░░░░░░░ quicker this I couldn ░░░░░░░░ help but note and ░░░░░░░░ suspect that has something ░░░░░░░░ do with what we ░░░░░░░░ talking about Daniel Turner ░░░░░░░░ Saudi prince the crown ░░░░░░░░ mohammed bin salman telling ░░░░░░░░ Trump this week that ░░░░░░░░ plan to think six ░░░░░░░░ billion dollars in the ░░░░░░░░ investments and trade with ░░░░░░░░ United States over the ░░░░░░░░ four years I m ░░░░░░░░ in no small part ░░░░░░░░ what we re just ░░░░░░░░ yeah you know if ░░░░░░░░ recall back in the ░░░░░░░░ Trump Administration a Saudi ░░░░░░░░ launched this huge diversification ░░░░░░░░ a pr campaign They ░░░░░░░░ eliminated tourist visas There ░░░░░░░░ ads on TV visit ░░░░░░░░ Arabia and everyone said ░░░░░░░░ s go to riad ░░░░░░░░ leg no no and ░░░░░░░░ but but they were ░░░░░░░░ right They talked about ░░░░░░░░ at tech industry three ░░░░░░░░ they realize that with ░░░░░░░░ dropping below fifty dollars ░░░░░░░░ barrel their economy was ░░░░░░░░ be a in in ░░░░░░░░ the deep doo doo ░░░░░░░░ I got bail but ░░░░░░░░ am so grateful for ░░░░░░░░ time You re gonna ░░░░░░░░ back right thanks for ░░░░░░░░ up early I will ░░░░░░░░ on the show as ░░░░░░░░ as you ll have ░░░░░░░░ I m so happy ░░░░░░░░ you Thank you My ░░░░░░░░ power the future dot ░░░░░░░░ Daniel Turner Now I ░░░░░░░░ t know