0:00 Welcome everybody to BDE. In case you don't remember, we were a show from way back in the day. Is this a relaunch? Where have you been? Yeah, where have you been? Besides, besides patrolling
0:16 the beaches of man tuck it looking for, I've been in the beach. I've been in, actually, let me tell you a funny story. I was in Liverpool when the stabbing occurred. Do you remember this this
0:29 summer? So I'm in Liverpool playing Royal Liverpool, great golf course, great people. And there's a stabbing that occurs. And the news didn't report that the person that's in the stabbing was
0:46 like, someone walked into this place. I know it's morbid. Child, like, dance school, like, there's like, you know, nine-year-old, six-year-olds, and this son of an immigrant stabs a bunch
0:58 of children and kills them. crazy. And this is just right outside of Liverpool while I'm there. So I'm going paying my respects to the Beatles, you know, because that's Beatlemania, right? And
1:12 I'm in a bar having a pint and Geyser is getting pissed. And I'm like, let's get him. I'm just kidding. I'm just kidding. And all of a sudden, the riots, like Liverpool started the riots So a
1:28 different kind of piss that you normally associate. That's right. That's being in a pub. So I got the hell out of there and boarded a train for Glasgow and the rest is history. So I started a riot
1:39 this summer. You're welcome. Because there was a, I mean, there was a lot of stuff going on in England over, there were some riots. There was stuff about if you tweet out, misinformation, you
1:52 go to jail and stuff. So I mean, and their energy policy is just upside down. What's going on there, Mark?
2:00 Well, I want to hear a little bit more fulsome description. Yeah, so what else did you do that working on week? Dude, I'm launching a new company that is a golf network, and we are shooting
2:14 crazy. What's it called? It's called Inspire Play. That's the name of the company. And we're shooting a reality TV show starting this weekend. We have the 16 top social media golf influencers,
2:29 the top men, the top women, and it's a drama-filled reality show about who's the best golfer, and it's going to be fantastic. Is it just around? Just an audition tape. You know, I tried to
2:42 audition for most shows. This is like
2:47 Southern Charm. It's kind of, I mean, I don't think people say it's like golf meets Love Island, but we won't have as much romance. It's more of like MTV style contest match-ups or is there a
2:56 group house? There is a cast house and it's at a 30, 000 square foot French Chateau, which is down the street from the golf course. So it's happening at Champions Golf Club, starting this Sunday
3:11 cast party on Sunday night. It's going to be a blowout. So that's awesome. It's going to be fun. I'll chug a beer each hole. That could be my, that'd be my job. You know, we do have a reality
3:21 show, a star that's coming to kick off the event Kyle Cook from Summer House. So all you Bravo fans out there, which are listeners. They're probably spouses watch Bravo. I'm sure I'm feverishly
3:36 googling. Yeah, you need to look, you know. Kyle Cook. All right. But if you show up, it'd be a man. I'll chug a beer. I can play the John Candy Roll. I'd be good. I think these reality
3:46 stars would be like the Chuck Yates is in the rim I did have that. And what an eclectic celebrity magnet Chuck would be totally.
3:57 Yeah, absolutely. And but what's funny is I know this will happen. Chuck will go up to let's say one of our reality show stars. Her name is Gabby Powell. She's famous on YouTube and Instagram,
4:08 etc. I bet if Chuck went up to her, they'd find someone they knew in common. Oh, no question. No question. Probably probably pictures of us together. It's not the six, Kevin Bacon, six
4:20 degrees. The two degrees of Chuck Yates. You only need two jobs. Oh, totally. Yeah, I'd be great at this. I need a TV role. I'd be so good at that. And I figured my I'll work for cheap. I
4:33 don't even need scale. You guys have launched me into such social media fandom that now I'm going to go and start my own golf podcast, which is coming. So stay tuned for I love this. I love this.
4:45 So where are we going to start today? Let's let's do this Let's start with oil and let's do it. There's a lot of shit going down. debate and then we'll close with 911. But
4:58 You want to level set us on oil? 'Cause I don't even know where to start. I'm gonna have a big, huge vehicle on this. Same place we were last week, but lower, fair. You know, demand is demand
5:11 concerns and the murky side of the supply-demand equation is always demand. It's really in the driver's seat the both notably had you've. So here banks, the major banks, and OPEC yesterday, there
5:17 was a piece in Reuters, both about the banks and about OPEC. OPEC's lowered its 24
5:35 demand. They were pretty far ahead of everyone else, namely the IEA, which comes out with its update, I believe on Thursday. But they took their 2024 demand down from 211 million barrels a day to
5:50 203 million barrels a day Not a huge cut, but the direction matters more, just given where we are. They also took
5:60 down 25 modestly from 178 million barrels a day to 174, so 40, 000 barrels a day globally. As a result, and based on their own
6:13 seemingly imbalanced, growing imbalance projections, B of A and Goldman notably knocked their forecast down for 25 by five bucks down into the 70s, B of A's at 75 down from 80 and Goldman's at 77
6:28 down from 82. And of course, city sitting at60 a barrel in 2025, which I think is a textbook case of you're never wrong just early, but we'll see. Interestingly, and Dan Pickering tweeted about
6:45 this, I think yesterday he does his eye-catching tweet after the close of the market every day We do see oil and gas indexes outperforming the commodity, grids off. call it 16, maybe a little bit
7:00 more than that, since I ran the numbers, in about a month from its contemporary peak back in August, and the EP heavy are the more volatile index, the XOP is down 12, XLE, which is pretty
7:14 heavily populated by the majors is down only 11, so a relative victory for us long-term oil and gas stockholders So, Kirk, you got anything to add before I'm Mia Colpa? Go ahead, Mia Colpa. Okay.
7:29 I'm just totally wrong, and oil is fairly priced. This drop is fair. The US actually has it. I have no idea how we're at 132 or however many million barrels we are a day, but I've been
7:45 consistently wrong for the last 10 years There truly is three or four million barrels a day of OPEC spare capacity that could be on at the drop of a hat. we're hitting the oil glut, it's happening,
8:01 I've been wrong. It just like at some point, you got to look up and go, holy cow, the United States is at record production, and I don't know how at these rig rates we are. We're just drilling
8:16 faster, completions are getting better. You're saying that the price of the commodity is too low for them to be drilling so quickly? No, I'm saying the price of oil is fair. It's fair I, it's
8:29 priced appropriately. Yeah, we're at record low inventories or five-year low inventories and stuff. And everybody says, There's going to be this big cycle. It's not going to happen. Well, let
8:40 me ask you a way you asked can deliver. Sit. So you did say months ago when we got into our earlier predictions of, I think, end of your price, you were
8:54 much lower than the two of us. No, was I? Yeah, we could look at a couple. I think so. We could look it up on Kalei. The problem of being 55 years old and a degenerate alcoholic is you don't
9:04 remember the last time. I did, I did, I did. I did recall us discussing and I think having consensus around the fact that there is going to be some political headline driven dynamic that's gonna
9:17 put down pressure on gasoline prices because that's such a big election. Well, as we move to election for sure I paid 278 this morning for sure. People need to feel less pain at the pump. That's
9:30 absolutely, but I will say that that damn Costco line for gas is always the same. It's packed with at least 10 cars every time. And I've never picked the fastest one. Is it as bad as the fast
9:44 charger experience? No, I love getting gasoline for that purpose So really what the headwinds here are twofold primarily from a headline standpoint. There was some talk in the financial media about
10:01 peak demand in China, meaning this is potentially a structural thing for gasoline and diesel. Or is this just a kind of a temporary economic malays? China's been the 800 pound gorilla in terms of
10:20 demand growth over the last 15 years and its economic expansion miracle. How much alternative transportation fuel sources are showing up structurally? And then you have, and you refer to it,
10:34 you've got the looming overhang of, does OPEC come December decide to feather those barrels that it's got shut in back into the market at a particularly tenuous time? And, you know, the 2014
10:52 collapse was more about
10:57 I think consensus believes it was more about the US. taking market share because of the shale miracle. Are we seeing it again, at least on the margin, because I think all of us, along with many
11:08 others, have seen US. oil production, in particular, surprising to the upside come into the air with a much lower growth forecast, and we exceed it by, in some cases, double like last year,
11:20 more than double, in terms of oil production growth. So
11:25 don't look at inventories anymore, I guess, because we're still globally pretty low and crude products. Let's break this down, though, and let's try to do this on two buckets. Let's see if it
11:35 makes any sense. But there's an infrastructure bucket I put for why people are making decisions. Like for example, we've talked many times on the show about the fight for LNG in Europe And, you
11:48 know, you have to be competitive to give. some of these buyers of these countries long-term contracts where like, hey, we have the output to give you LNG long-term. We have, so we have that
11:60 element. We have the Saudi element where they need cash because they're building a city, they're building an airline, they're paying for golf, et cetera. That's sort of my infrastructure bucket
12:11 of why people are making sort of decisions now. And then there's kind of what you've said, Mark, that there's these decisions about, well, maybe China is hitting peak demand so that there's like
12:24 real-term decisions. What's the mix now on the oil price? Is it, are there infrastructure bets going on? Or are there just, are these real-time existing bets for why like, you know, Saudi's cut
12:40 output or the OPEC cut output, et cetera? So I'm going to try to be consistent with what I've said on here, at least over the last little bit that I can do you are not. That I can remember. So
12:52 number one, I'm still at worldwide demand goes up a million barrels a day per year. We're gonna do that for the foreseeable future. So I don't really see the structural demand changing. China's
13:07 gonna ebb and flow, et cetera. I think where my change has come in the mea culpa is, is just totally on supply. I've always said that I didn't think OPEC had access capacity Given the cuts they've
13:23 made, they do have it. And I think US supply just keeps showing
13:32 up. And that's the shock to the upside that I haven't been able to get my head around and I'm finally just crying uncle. Okay, we really are that good. Well, and
13:43 the analysts who famously coined the term super cycle back in the mid 2000s,
13:51 was that you has been consistent in characterizing what we're in the midst of now is superval. And I think the evidence of the last certainly 10 years and most certainly five years suggests that
14:07 that's the case. The demand side angst is driven by a in your assessment that we're going to continue to see structural growth in demand is driven by a kind of unilateral fixation on what's going on
14:26 with China. There are a lot of other parts of the world that are way lower on the per GDP consumption level in India for one of my favorite terms again. I just think there's an ambient buoyancy to
14:41 demand, particularly from places like India, it's just going to come, you know, someone else ultimately takes over the driver's seat, whether that's India or a combination of India and Asia
14:53 Pacific. But I don't think there's anything that's stopping that train, certainly before the end of this decade. I still believe the forecast that OPEC put out in 2020 for 2045 growth of, I
15:11 believe it was 8 million barrels a day up from 100, you know, declines in OECD and growth and not OECD, particularly the eastern part and southern part of not
15:22 OECD. It's just that it's been much easier to ascertain demand with the 800 pound grower of demand growth driver in an economic terms by focusing on China because those numbers have been so
15:37 overwhelmingly, such an overwhelmingly large proportion of demand growth of the past decade and a half.
15:47 maybe a simpler way as population growth nailed it and aspirations to for more prosperity. I just, you know, I think structurally we're a million barrels a day plus per year, but it's going to be
16:00 super volatile. Where's the US production coming from? Is it just across the board? Or is it small independence? I mean, Bakken's maxed out, Eagle Fords maxed out, and it's all coming from the
16:14 Permian, right? Mostly Permian. God bless them. And, you know, we have kind of the lurching capacity and takeaway issues associated with the Permian, not the least of which is growing gas,
16:30 associated gas production, and the need to process wet gas and extract NGOs, et cetera, you know, we're going to have enough long haul pipes to get gas to the Gulf Coast, ultimately for.
16:46 industrial consumption or export,
16:50 back to your point of who's willing to make the longer-term infrastructure bets. I think we need at least a handful more being a half to two BCF a day pipes to come online here in the next five to
17:05 seven years. I don't know what that number is, but we're bumping up against pipe limits again with the rate of growth that we're seeing So are you saying right now you're not pro wood pellets?
17:20 So in Viva, you know this, remember in Viva, did we talk about a Viva? They're building the world's large wood pellet plant to in the US for contracts more than they had contracts worth more
17:33 than20 billion to supply overseas power plants with alternatives to coal. And they're in
17:39 bankruptcy, but are we saying that oil and gas is going to save the day once again.
17:46 Even though we have output constraints, that's the big issue, and that's one of the issues we keep talking about is the infrastructure problem in the US, especially. How do we export it? We're
17:60 down pipelines because we need more because there's more production coming online and there's more demand, but what's driving the demand in the US. is what I'm interested in
18:11 I mean, I think demand in the US. has been flat, right? Are we declining in terms of our oil use? Yeah, we're sending more out, both in terms of crude and product, than we were 20 years ago.
18:24 Gasoline demands mostly flat And one of the predicted offsets or a
18:38 much faster penetration rate on EV adoption impacting US. gasoline demand that we've all seen and talked about.
18:46 is certainly not happening as fast. So, you know, does that switch over to kind of a mass adoption of hybrids where you just inherently have higher efficiency? And that takes a bite out of
18:60 gasoline demand? I don't know. Well, I know
19:05 one of the top traders of gasoline in this country. So I might have to ask him and come back next week with some thoughts There you go, 'cause at the end of the day, I mean, I think even when we
19:19 were hitting pretty high, now we were in the middle of pandemic, we had supply chain issues, et cetera. I mean, even when we were hitting pretty high gasoline prices, we didn't stop buying our
19:32 SUVs. Right, you know,
19:37 so we had almost 30 years the cafe standards, and that ultimately had a. unintended consequence of people wanted higher performance and bigger. Yeah.
19:52 So we barely moved the needle on miles per gallon. And look, the average, I think the average age of a passenger vehicle in the US has gone up from like 12 to 13 years.
20:06 I mean, people can't afford to buy new cars. Yeah
20:11 So
20:14 we'll see, I go back to expecting or trying to push a revolutionary time frame on things in the physical world. Yeah, not gonna happen. It is really, really difficult. So let's get out with it.
20:31 2050 is not that far away. So let's get out with this question since we got Clyde and we'll be able to check this Where are we a year from now? in terms of oil price.
20:47 I mean, again, we always caveat with like wars and natural disasters, whatever. But I think, I mean, it's all economy driven. If the economy's going well, it's
20:57 gonna, I think oil price will actually go up. I think it's gonna be 80. That's my prediction. I think coincident with this one that we've got what's likely a pretty aggressive series of rate cuts
21:12 coming. We have a higher probability of a softer landing and the old adage, the cure for low prices is low prices. I think we see North of 80. So you're North a - Outside of election year
21:28 influence, I still believe inventories matter. Right. And probably line up, we were talking about it before you came in, Kurt, what Jeff Curry was recently saying. Um, maybe you could
21:44 paraphrase that for us. Yeah, and I, I saw a clip on it as opposed to actually hearing him, uh, the full interview, but Curry was saying that those expecting the oil glut are going to be sadly
21:58 mistaken that to your point inventories matter. I'd like to break that down a little bit more relative to what he said in terms of the, the overhang of what is it? 28 million barrels a day of
22:10 offline OPEC core production or supply. Yeah. All right. So I'm going to say we're, uh, we're, we're, uh, below 60 from now that the U S just going to keep pumping it, uh, pumping it out.
22:26 And at the, uh, end of the day, if Trump gets there, there will be at least a bit of a regulatory push or friendly or environment to get people to drill more. I'm not sure that really matters
22:39 vis-a-vis investors. Um, but you know, we just keep drilling really good, good wilds, balance sheets are in much better shape than they were, balance, four years ago, um, and nobody's
22:53 outspinning cash flow. And if nobody of note, and if Harris, if Harris wins, I still think she'll make a move. If she has the numbers to ban fracking, but we all know you don't have to ban
23:04 fracking. You can just have the EPA tightened down on things. Right. Hey, go look at this. That's a political statement more than reality. But it's not going to be able to take impact within a
23:18 year from now. So whoever wins, it doesn't matter. I'm at below 60 a year from now below 60 below 60. So five handle or lower? I'm in the fives. We'll be in the five handle. Five handle a year
23:32 from now. We'll go ahead and mark this. Where's the little thing we push on your mark. So you're with Kramer. Oh, God. I didn't realize that now's not the time to own oil. There we go.
23:47 Maybe that's what it takes. Yates and Kramer coming together to save the industry. Maybe you can unblock Dan. There we go. So last night's debate,
24:01 it was interesting. So obviously the girlfriends on the other side of the political spectrum, and we were talking about it this morning, but generally I think we pretty much agreed. Trump just
24:13 looked petty last night. He was, you know, bickering about stuff. He can't control himself. He took the bait. He got off his one-liners that I think, you know, are his kind of funny one-liners.
24:25 Like, why don't we go wake Biden up at four in the afternoon and sign an order to make this happen?
24:33 I think she probably had the questions in advance, and even if she didn't, you could could have anticipated these questions. She had a script and she read the script just like she had rehearsed it
24:44 and she stayed on it. So I think she wound up looking better than he did. I think ultimately though, at the end of the day, I'm not sure this debate's gonna change the numbers one way or not. Not
24:57 at all. But I do think she took a playbook from George W. Bush, which was just repeat exactly what we tell you to repeat Don't deviate and you look like you're pretty smart if you can do that,
25:11 right? Yeah. And well, she is a litigator and a prosecutor. So, you know, that kind of pre-debate preparation is much more natural and she knows the risk or the dangers of deviating from script.
25:30 Yeah. And demeanor matters a lot and I think.
25:38 I forget which analyst was talking about it before the debate, you know, what one piece of advice or what one kind of major goal should each of the candidates have, and it's at the highest level,
25:50 it's those undecided voters, and more specifically in the area where the debate was actually held in Pennsylvania, which, you know, I think takes center stage on election night again, and the
26:06 drama comes down to who wins Pennsylvania. I thought, I agree with the seemingly off-script or impulsive reactions, there was a lot more meat and a lot more specificity, I think, that could have
26:23 been repeated, particularly around things like energy policy and the Inflation Reduction Act, but every answer or every discussion seemed to deviate into immigration, or there was a lot of that.
26:37 That's the global issue right now. I mean, it's number two behind the economy of what polling says people want to talk about. Yeah, this whole like social media storm about the cats being strung
26:49 up and eaten, but basically it's a town of 20, 000 where 5, 000 immigrants were dropped off. You think that changes the makeup of that community? Yeah. It's an issue. That's actually, you know,
27:04 Lauren and I were talking about that this morning that, you know, she was saying Trump looked ridiculous for saying it and I'm saying, well, there supposedly are reports that's actually happening.
27:14 There were city council meetings where people were coming in the summer saying, hey, they're stealing my pet. So there's evidence that it was actually happening. But to your point, the tragedy is
27:25 flooding a small town with immigrants. And it's not that anyone's against immigrants It's just that city didn't have the infrastructure to handle the influx of people. And that's the tough thing. I
27:41 don't even know why this is an issue. And I'm not really sure. I mean, you can go anywhere in the world. If you're somewhere illegally, and this is, of course, a
27:53 property rights state, of course, but if you're anywhere in the world illegally,
27:60 we have the right to remove you. Period in a story. It's not even a question. I don't even know why this is such a big issue. It shouldn't be, because what happens if you bring a lot of people
28:11 illegally into any community, it creates issues. And those issues are, Well, I'm paying taxes, so I'm paying for you. You're not paying for me. It just creates a lot of incentives that don't
28:24 create the best neighbor in a story. It strains resources fundamentally. Absolutely. In Springfield, Ohio, which is at the center at the top of the focus right now, which is. I've heard a town
28:37 of 50, 000 to 60, 000 people and you have 20, 000 Haitian immigrants. All of a sudden that are part of that community,
28:46 small towns like that, the resource
28:49 allocation takes on a big strain. And forget about all the other kind of absurd stuff that we see on Twitter and YouTube, et cetera. Funny, I'll be at it But it seems black and white in terms of
29:08 the legality or illegality of coming across the border. The nuances that I've observed over the last several years is we seem to have a lot more or a lot broader and looser definition of political
29:29 asylum
29:31 And that's by
29:35 and large, I think what has been used.
29:42 to rationalize or justify what edits most fundamental level is crossing illegally and to the United States is breaking the law. Breaking immigration. Oh, yeah, yeah. And so, but there's an
29:54 exception for classifications. I don't know all the kind of illegal language and the details and the policy of seeking political asylum that we have exceptions to those now. I mean, 'cause one of
30:09 the most, I want to make sure I say this just so that, 'cause we're talking about something very nuanced and I don't want things to get - Your girlfriend's listening, so let's hear a job. Fair
30:20 enough, but I mean, you start thinking about the shames of American history and obviously slavery's at the top of the list, but up in the top five is not the allowing Jews to come here during World
30:36 War II and when they were under the Nazis. I mean,
30:41 we did not allow them to come here and look what they suffered in terms of the Holocaust. So, I mean, to some degree, is the beacon of freedom in the world we should under situations like that,
30:55 except people in and we haven't. So - Yeah, but unfortunately, Chuck,
31:03 this issue is very similar to this whole
31:07 clean movement and energy where the economics don't make any sense. We're moving everything as the biggest issue of the summer. I don't, we haven't talked about this since I've been out in Antucket.
31:22 I was on Antucket when the biggest windwheel blade in all of North America cracked and fell into the ocean.
31:32 And the entire south shore of Nantucket where I surf was shut off for two days because there's fiberglass everywhere. And it's like, it's dangerous boats running over it. People are getting hurt
31:47 and it seems like that was one blade, one blade. And no one seems to think, Oh, this is a big scam. By the way, offshore wind, this is hilarious. Cause I'm kind of laughing that when they get
32:01 in high winds, they don't work. They, they just, they self, they, they, I don't know what happens. They spend too fast, even though they're rated for high winds, whatever, but this is the
32:13 whole scam that we've been sold on the bill of goods about this whole clean tech movement. The earth is being destroyed by oil and gas. We've got to move to clean, even though it's way too
32:24 expensive and people are just tired of the bullshit. And that's the same thing with immigration tell me people are running here. for asylum and I'm paying for them and they're stealing my animals.
32:38 And to me, it's like that, we all know it's bullshit. Let's just call it. It's bullshit. No, I was agreeing with Mark's point. And I'm like, I feel sorry for people that
32:49 are looking for a better life 'cause if I lived, I've said this my whole life. If I lived on one side of the Rio Grande and I could make5 more an hour, I'd, hell yeah, I'd be jumping across the
33:01 river I do it, but the point is is that as a infrastructure issue or as a sovereign issue,
33:09 we can't allow that to happen because we can't even feed around people because we're mismanaging funds blah, blah, blah. Yeah, I think what we said agreed with each other. Yeah. And it also
33:22 highlights that it should be a legislative process. in terms of we ought to have that collective discussion in Congress and say, yes, we are gonna declare what's going on and let's use Haiti as the
33:40 example, as a justifiable reason to undertake this expense or let's not, but we ought to discuss it. And unfortunately, we've had such gridlock there on immigration that it's been done at the
33:52 executive level, in effect, by fear. I mean, it's almost irony when you think about Toby Rice and him leading the charge for why can't we export LNG? 'Cause the same people are saying, wait a
34:07 minute, this is a sacred resource, we need to keep it here, whatever the reasoning is, or it's bad for the environment, but it's funny how like we're speaking out of both sides of our mouth here,
34:17 you know? Yeah, I think there were getting it back to substantive policy and political highlights things that could have been hammered more consistently.
34:31 And with a much calmer demeanor, I think back to, forget the view, one of these sage old oil market analysts, I can't recall back 20 years ago, said about OPEC,
34:50 don't listen to what they say, watch what they do. Watch what they do. And so he had, Trump had way more opportunity if he'd have been more deliberate and calmer about responses to point out the
35:05 fact that she's telling you all about what she's going to do, what the vision is, but what have they done? You've been in the co-pilot seat for three and a half years. And particularly as it
35:17 relates to energy policy, I thought the IRA would have gotten a lot more scrutiny and an attack just given what's happened was. Oh. wind and solar and particularly EVs. And the fact that, and we
35:34 talked about this, that we've got seven and a half to8 billion earmark for half a million charging stations, and we've built eight.
35:43 The absolute irony,
35:45 almost ludicrous irony of calling something the Inflation Reduction Act when that level of public spending does the opposite. Right. You know, I think he got off a little bit off track on some of
35:59 the numbers and the scale and the magnitude. And one in particular is that, you know, this is the worst ever inflationary period we've ever seen. If you were around in the mid-late 70s during the
36:11 Carter administration with 21 interest rates, it just doesn't, you know, it doesn't quite compare.
36:20 But there's plenty of substantive things that he could have repeated with respect direct policy outcomes. that have been put in place over the last three and a half years, that I just don't think he
36:33 took near enough opportunity to do that.
36:38 And I will say this is pro-Trump people always talk about how he destroyed such and such in the debate. I've never thought he's been a very good debater. I mean, Biden imploded last time and we saw
36:57 who he was. But I don't think Trump did. Me and
37:02 oilfield Rando were texting during the Trump-Biden
37:06 debate and I released those are texting out on X, you know, sent them all out. And I said, I thought Trump did a B minus. And the reason he was a B and not a C was he at least took the throttle
37:23 off of Biden because he could tell that Biden was imploding to be fair and balanced here go watch. old footage of a Reagan debate and a Clinton debate.
37:33 And then evaluate. Why'd you tell us what your - Both candidates' performances, you know, just - They're fine. Very disciplined, very - Reagan got destroyed by Mondale in the first debate.
37:46 That's what everybody, that's what everybody, everybody forgets. It was the second debate and the line of, I'm not gonna make my opponent's youth and then experience an issue in this campaign.
37:59 For sheer political advantage. But the,
38:06 not getting rattled, not getting ruffled, we're in a much more, as far as the electorate is concerned, we're in a much more emotive state. I think in general, when you go to the ballot box and
38:20 you are in a cognitive state, I saw an essay on this and what we've been talking about, whoever it was on LinkedIn said, you know, you guys. I have a lot of great discussion, but what's the
38:32 solution? Well, the solution is to objectively focus on issues as a voter and actually do some research on things that affect you and understand them at a deeper level and vote accordingly and not
38:44 because Taylor Swift came out and endorsed - Well, I've done it or - No, I seriously reject. Or Kid Rock endorsed as a candidate. So when you said IRA, it's been a while I've been overseas and
38:59 the IRA means something else when you're about 20 miles from Ireland and Scotland. And I have to tell you, man, I somehow was going to Turnberry, which is owned by Trump. And the moment I get in
39:15 the car and my driver asked me, what do you think of Trump? So I'm not wanting to jump into this. I'm just here to play golf and be on a kissing baby tour.
39:30 So I pivot and start talking about soccer. Holy shit, dude. I, like, I should have just talked about Trump because this guy wanted to talk Trump. When we got to football, as they say, he was a
39:45 Celtic fan. And I don't didn't realize in Glasgow, there's two, I did know this 'cause I'm a Celtic fan too. But Celtics are the Catholic team, the Rangers are the Protestant team And this dude
39:59 went on a Tourette's bender about how much he hates the Rangers. And unfortunately on my way out of turn, very four days later, I got the same driver and it kept going. It was just the same thing.
40:12 So then he talks to me about how his grandfather, his uncle was killed during the Protestant Catholic Wars and it's still a big deal and he hates the Rangers. And I was like, oh, he's shit, man
40:26 This is a real issue. And I didn't realize how it still runs deep. And then so after the riots were hitting, I was like, well, look, and now you have Protestants and Catholics going arm-in-arm
40:38 against this immigration issue. He's like, yeah, that's great, but I hate the damn rangers. Fuck those guys. So I kept asking guys, hey, do you follow football in the area they all do? And I
40:51 happen to only get Celtic guys Thank goodness because
40:56 their blood runs deep, those wars. And I didn't realize as an American, it's like, man, what is going on here? But the Catholic Protestant wars are still run deep, man. And it's interesting
41:12 how we're talking about all these interesting issues. But you start traveling to realize that, hey, these immigration issues, yeah, we got to fix it, but I still hate my neighbor because they
41:24 believe
41:26 I think what we're headed with this election is we're right at this sort of tipping point where it has nothing to do about politics or your view of issues anymore. It has everything to do with your
41:38 loyalties. And that's something that we already knew. We've been talking about this for probably four years. But it's something that
41:47 who knows what could happen. But I think there's a candlestick that a dynamite that we're playing with and it's going to go off in one way or the other. What do you think? So I know I need to go
41:57 pee. I'm going to go pee, bro. Wow. Shit. Yeah. I want to know. That was really good. I was like going
42:07 violated as
42:10 first rule of recording. Which is keep me on. No, make sure you pee, pee before. I want to know, are there going to be subplots in the reality show of live versus
42:27 um, or do people not care about that? It'll be, it'll be, I don't know. We'll ask them. I think younger demographics aren't as it's a locked in thing over time. They're young enough. We'll see.
42:41 They're millennials and Gen Z. They're pretty young. We'll ask. That's a great question. But these people have more engagement than most of, do you know the top 10 social media influencers in
42:55 golf have a larger reach, more followers and more engagement than the top 10 professional golfers in the world. Even if you add the PGA tour, which aggregates of a lot of these players because
43:08 they're not allowed to have like YouTube channels, etc. The influencers are bigger. The influencers have more followers or more followers and a lot more engagement. It's crazy. Well, you know,
43:22 the game of golf at the highest level. I got to spend more time. working on that as opposed to screen time. Hey, you'll love this because you're a baseball fan. The winner of our reality show is
43:40 throwing out the first pitch at the Astros game, not this Friday, but next Friday. That's probably the Seattle series? Don't even know, I think it's Seattle. I'd design a waiver, you know. And
43:52 I'd license the rights from the MLB to be able to record the end stadium.
43:59 There you go, that's pretty cool. Yeah, it's awesome. Hopefully it's a night on which there's only one first pitch.
44:06 And we'll see.
44:09 All right,
44:15 well, I mean, I guess are we gonna wrap with Chuck gone? We're gonna roll. We're gonna roll a state of shoes. We're gonna wait for him to come back. So you did see that there was a turban
44:21 failure in the UK as well. Dogger Bank? Yeah.
44:27 Oh, and I sent around that shot from China where they had the big turbines right on the beach front where the typhoon went through in Heine and it wrecked several of them in the profile. Well, how
44:43 do we wrap this show, Chuck, is your prostate okay, number one? It feels okay now. Okay, good. And you
44:49 violated your first rule of recording. Yeah, I didn't pee before. How often do you wake up at night, Chuck, to go to the bathroom? You know, so the, I actually have been to the urologists
45:01 within the last year. Are you using the whole fist there, Doc? Exactly. Everybody should go get there, prostate exam, 'cause all men are gonna get prostate cancer and the key is you gotta catch
45:14 the rest of one. I already got that out of
45:19 the way. But no, I wake up, call it this morning, it was five in the morning, needed to pee. And I went back to sleep afterwards, but starting at age 25, the average male wakes up at least
45:30 once a night to pee. Yeah, well, there you go. I did not know that. The, so, anyway, does feel like making a very awkward transition to talking about 911, but we'd be remiss recording the PJ
45:47 tour. The PJ tour and the Piff fun are meeting today. A lot of people are saying that's kind of ironic or a little weird, but This is a somber day. Yeah, it really was. I was watching some of
45:59 this stuff this morning and you got Pete Headset on Fox, actually made a really good point that no matter all the stuff that happened with drawing from Afghanistan, the way it all turned out, a lot
46:17 of people showed a lot of patriotism. and a lot of love of country and made a lot of sacrifice for 3000 people that lost their lives. And a lot of neighborliness, right? I mean, it felt, it felt
46:34 there for a while that we truly all were Americans and United and stuff. And it's too bad we can't get back there. Well, I miss you, boys. My fellow Americans, great to see you guys. Good to
46:47 see you. Likewise. Congrats on the, Thank you I was telling on the entertainment venture. My friend over here that the winner of our reality show is throwing out the first pitch of the Astros game.
46:58 We wrap on a Friday so that night. Nice. They're gonna be helicopters from the golf course to the stadium. Nice. It's gonna be great. That's awesome. Roof open and they're gonna land in center
47:10 field. We're still working on details. I doubt it, but maybe. Maybe we'll just throw them out, I don't know. That outfield dress doesn't need any more stress. They've had concerts in the middle
47:19 of the season you look at it on television, it looks. terrible. Well,
47:26 can't comment. There we go. If you enjoyed the show today, please subscribe, share it with a friend and good to see y'all. Peace out.