The Future of Energy for Small Business

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
One of the challenges we face as business owners is
what to do about energy? Uh, how are we are
we going to put solar on our buildings? Are we
going to have to put charging stations in is? Or
is the electric boom done? It's the electric car boom over?
Are we going to just see fossil fuel cars?

Speaker 2 (00:19):
Now?

Speaker 1 (00:19):
What are we going to do and how do we
prepare for that? We have tax incentives for renewable energy
that are expiring, we have uh, certainly we have continuing
incentives for fossil fuels and pretty much I think it's
a very confusing place. So how are we going to
navigate all this as business owners? As people who have

(00:41):
you know, we have employees coming to work? How do
we navigate that?

Speaker 2 (00:45):
What do we do?

Speaker 1 (00:46):
So welcome to the Weltability Show today. We're going to
discuss exactly what we can do and what to expect
in the future, and we have an expert with us.
I'm very pleased to welcome Kenny Stein. Kenny, thanks so
much for joining us on the Wealthability Show.

Speaker 2 (01:02):
Of course, thank you for having me.

Speaker 1 (01:04):
And if you would, Ken, give us a little of
your background. You've got a pretty impressive background when it
comes to energy.

Speaker 2 (01:09):
Sure. So I'm the vice president of policy at the
istuper Energy Research where free market oriented think tank that
obviously focus on that energy policy. We're based in Washington,
d C. I've been with IR for about eight years now,
I think. And then part of that I've worked on
the hill. I've worked on a couple of presidential campaigns,
so kind of politics and policy and energy like those

(01:32):
that where those things intersect, that's me.

Speaker 1 (01:34):
That's awesome. Then, so let's start with kind of a
big picture here. President Trump has said we want to drill,
baby drill. Of course, there's a downside to that. From
the producer standpoint is that oil can get too low,
and we saw it get too low a few years ago.

(01:55):
So what do you think is going to happen with
regards to oil? And just from the production standpoint, Are
we really going to be selling all this oil to
Europe like they promised that they're going to buy? Are
we going to open up leases in Alaska? What are
we going to do from a global from an energy

(02:15):
policy in the US do you think over the next
few years?

Speaker 2 (02:19):
Sure? Yeah, So there's definitely a tension there between some
of the things that President Trump says he wants to
increase oil production, but he also wants to lower oil prices,
so those two things don't go together. So but honestly,
there's not that much that the president himself really can
can do to make a big difference that you know,
global oil prices, like the United States production has a

(02:40):
huge impact. We are the largest signal producer, but we
are still small in the grand scheme of things. We
don't drive prices ultimately, so global price fluctuations are what's
going to affect is what ends up affecting our production
in the United States. And if prices are higher, maybe
due to lots of wars in the Middle East, for instance,

(03:00):
we're going to produce more. But if prices fall, there's
going to be less investment in less drilling in the
United States. That's just the way it's going to happen. Now,
some of the things that the Trump administration is trying
to do at least will make the playing field a
little easier for increased production. That's trying to improve the
leasing process. In Alaska, the Biden administration did a lot
of work to shut down really any production, any attempt

(03:23):
at production in Alaska. They did a lot of work
to shut down offshore oil development and further drilling. And
they also had some environmental rules that made even drilling
on state and private lands more expensive and more difficult.
So a lot of that is being either either quickly
eliminated or some of that has to do you have to
go through the regulatory process to withdraw those things. But

(03:44):
so the atmosphere for oil and natural gas development is
getting better in the United States, just the regulatory atmosphere,
but especially when it gets comes to oil, we're still
we're still at the mercy of kind of global price fluctuations.
Now natural gas is a different situation. When you talk
about Europe. I'm not sure how much of our oil

(04:05):
Europe is going to buy, but they're they're already buying
our LNG exports and they want more. So that's that's
a growing market, and that's driving further investment in natural
gas production in the United States. And really kind of
our limit right now in the US is our export capacity,
not necessarily on production capacity.

Speaker 1 (04:24):
Oh interesting, So okay, so we're making it easier oil
and gas. On the other hand, the One Big Beautiful
Bill made it harder, ostensibly to do renewable energy since
those particularly the solar and the wind are phasing out now.
They phase out over really several years from now, but

(04:48):
they do phase out. How do you think that will
impact or will it impact the adoption of solar and
wind energy as part of our grid.

Speaker 2 (05:00):
So, yeah, the the reconciliation built, it does it does
end the subsidies that wind, both wind and solar had
for quite a long time now. And I think there's
gonna the impacts are I think are going to be
very different for wind versus solar. The problem with the
wind for electricity generation is that it's it's very expensive

(05:21):
and it really there's very few places where it makes
economic sense absent some sort of subsidy or or a
government mandate requiring you to have you know, renewable energy installed.
Solar is a little different because solar in some places
you mentioned You're you're in Arizona, you know, in places
like Arizona, solar makes a lot of sense like it
Actually it can help meet your air conditioning production use

(05:43):
peak in the hottest part of the afternoon, you know,
southern California, Texas, Florida, now Massachusetts where they have the
telest panels. That doesn't really make much sense there. But
so I think there's gonna be a lot more separation
in the industry between solar and wind. I mean you've
already kind of seen that frankly in the last few
years as so as solar panel costs and battery costs

(06:05):
have partly due with Chinese subsidy, but they've continued to
fall in the last few years, whereas the inputs for
wind development have not fallen. And then frank they've gotten
more expensive, and you know, things like offshore wind are
wild and expensive to do and don't really make sense
absent subsidy. So you're gonna there's gonna be a separation there.
Solar is gonna is going to continue to grow frankly,

(06:28):
because again, like I said, in some places it makes
a lot of sense. And also the fact that it
can be built quickly means that it's you know, it's
not the ideal uh generation product for a lot of people,
but if you can get it fast, that's better than
getting you know, getting it slow. Like, so there's you know,
uh so yeah, there, it's not the end of renewables,

(06:49):
it's not the end of wind at solar, but it
definitely is going this this virtigenous growth that we've seen
in the last few years is not going to continue
because a lot of that was subsidy harvesting right than
productive investment got it.

Speaker 1 (07:02):
So a lot a lot of our solar comes from
the solar panels that are come from China. With the
tariffs on China, do you see some of that or
more of that production moving on shore to the US.

Speaker 2 (07:19):
You know, the manufacturing of panels. I don't think that's
ever coming to the United States. Look, American workers are expensive,
but we like to cost money in a way that
workers and it's not just in China. You know, if
Chinese workers are getting more expensive too, but there's other places.
You know, Vietnam produces, but there's other places that have

(07:39):
cheaper labor than the United States and crucially have weaker
environmental standards. Because that's another thing that isn't really talked
about in the production of solar panels is that the
minerals that go into it, it's pretty dirty. The process
that the construction process is not very clean, and our
environmental regulations make it That's another thing that makes very

(08:00):
expensive to produce solar panels in the US.

Speaker 1 (08:02):
So that's why I was wondering do you think with
this this administration's emphasis on bringing manufacturing on shore, which
between the tariffs and the and the tax and centers, definitely, Uh,
there's a very clear message bring manufacturing back on shore.
And we have the minerals. It's not like we don't
have the minerals like you say. It's it's so it's

(08:23):
environmentally challenging to harvest those minerals and then and then
refine those minerals. Really more of an arguably a bigger
harm to the environment than fossil fuels is as a
harm to environment, So there's definitely that that thing. Do
you think that will change or do you think that
this administration is so pro fossil fuels that it's not

(08:46):
going to change any of those regulations for the solar
and batteries batteries in particular, I'm thinking.

Speaker 2 (08:53):
Well, I wouldn't expect this administration to to to change
any regulations specifically to benefit solar, but there are there
are changes that they are already trying to make because
because the critical minerals aspect is larger than just solar,
you know, these are things that go into permanent magnets
on it's a defense issue for you know, jets need

(09:14):
these critical minerals. So there's actually a very strong push
from the administration to to mine more of these minerals here. Now. Unfortunately,
from my free market perspective, unfortunately they're taking the approach
of having the government buying UH shares in some of
these mining companies, which I don't love, but they do.
There is a very distinct goal to produce those things

(09:35):
here in the United States, and so to the extent
that that is successful, that could help the solar panel manufacturing.
But the problem is is just because because the Chinese
government and all levels of government there are provincial governments
too heavily subsidize every step of the solar panel production chain.
It's it's a government imperative. Even even with the tariffs

(09:57):
we've got now, solar panels from China are still cheap
in the United States. So, you know, absent of pure
embargo and allowing Chinese solar panels in, I'm not I'm
not sure how how the US US production ever becomes
competitive as far as the actually manufacturers got it.

Speaker 1 (10:16):
Now, let's kind of drill down into uh, you know,
a typical business and you you know, you've got this building,
which if you're in Arizona, you definitely should be putting
solar on it. I'm just gonna say that flat out. Uh,
just because between the ex credits and the bonus appreciation
that we have now, I mean, the government's paying for
two thirds of the cost of those solar panels and batteries.

(10:39):
Why would you not Why wouldn't you do that? I mean,
it makes no sense. The return on investment. Actually, I've
run those numbers as an accountant and they're they're pretty
significant return on investment when when you when you look
at that. But let's look at things like transportation. So, uh,
do you see a continuing move in the in the
free market towards electric cars or do you think we're

(11:03):
it's kind of stalled right now, in part because the
tax credits are rapidly disappearing, but in part because the
early adopters have all adopted and it's not it's not
taken on. We don't have we don't have the thousand
mile battery that Tesla promised us. What do you think
is going to happen there as far as the adoption
of electric vehicles? Are we really going to be all

(11:25):
electric or are we going to be just muddling along
like we have for the last few years.

Speaker 2 (11:30):
Right. Well, and keep in mind that the plateau and
electric vehicle take up started last year, so it's not
it's not even it was this predated Trump even forget
the faciliation legislation. So definitely was the the growth that
they were expecting, the ev boosters were expecting has not happened. Now,
hybrids have continued to increase sales. In contrast, which for

(11:54):
me personally, I think hybrids are kind of the best
of both worlds. You get the range of intermal combustion,
but then you have the fuel savings from a battery,
So hybrids continue to grow in popularity, and frankly, to me,
that seems like the long term, absent government intervention, I
think hybrids are probably where things go. In addition to

(12:16):
the tax credits that were removed in the rights installation build,
the Trump administration has also been very aggressively moving to
roll back several of the regulatory mandates that the Biden
administration installed that were intended to basically force people to
into electric vehicles. Now they didn't have the power to
literally mandate electric vehicles. What they do have the power
to do is make internal combustion engines much more expensive

(12:39):
and to make forced car makers to produce more electric vehicles.
And so the idea was that you make the competing
product more expensive than you've got a bunch of evs
lying around, lots of people will buy them. That wasn't
really working, as we saw from the slowdown in sales
the last year, and now those regulations are being rolled
back pretty aggressively. Again, there are so many limitations to

(13:03):
electric vehicles that they work for some people in some places.
So I don't think they're going away, but I'm not
seeing two thirds three quarters of the market being electric fied.

Speaker 1 (13:13):
Interesting. So unlike China, which is heavily adopting electric cars,
you're not seeing that us. Even if we went even
if we get that thousand mile battery, you don't see
that kind of adoption. I mean, they have no moving parts.
So you know, I own one and tell you what
it is. It is our car of choice. It's easier

(13:35):
to drive, it uses very little energy, our solar panels
actually feed it, so there's all sorts of positives to it.
The only down the big downside is of course you
can't go that far. So but once that's solved, you
don't see that. You don't see that being a turning point.

Speaker 2 (13:55):
Now, the problem with the range issue is that there
are physical limitations to how much energy you can hold
in a battery like there, you can't. It's not like
you can't. You can't shrink batteries and get the same
amount of energy from it. You know, the way the
way we've improved cell like cell phones, for instance, is
shrinking the electronic components so that they can use less energy.

(14:19):
Not that the batteries have gotten smaller. So long term,
in order to have a longer range battery, you need
to take up more of the car and you need
more more weight to provide that power. And that's that's
just an inherent limitation for any long distance use of
electric vehicles. And and but this is why in China
avs make plenty of sense because they have very dense cities,

(14:40):
they're not traveling very far. They also have concerns about pollution,
which we don't in this country. We've we have catalytic converters,
we've we've kind of solved the pollution problem from vehicles.
And then they also they also have a big concern,
huge concern that we don't in the oil uh, because
they have to import their crude oil and as we

(15:00):
were just discussing, we don't have to. We are a
net exporter. So there isn't a national security imperative driving
electric vehicle uptake the way there is in China. So
there's a lot of government pressure in China pushing forward.
And like I said, they heavily subsidize the battery supply chain.
There is aggressive subsidization there. So it's for them, it's

(15:22):
a national security imperative in a way that it isn't
for the United States. And here's the thing. You're one
of the people. You're the type person that electric vehicle
works perfectly for. You know, like when I used to
live very close to Washington, d C. And my commute
was only you know, about ten miles a day and
that was most of what I drove. Yeah, electric vehicle
would be perfectly fine for that. But for someone who
doesn't have a garage, someone has to use their vehicle

(15:44):
for work and travel long distances. You know, it just
doesn't work for everybody. And that's why that's why personally,
I think hybrids really make more sense.

Speaker 1 (15:53):
And you know, you don't see technology making changes there.

Speaker 2 (15:58):
There will be continue to be technological improvements. But the
thing is that internal combustion vehicles are improving technologically to
their fuel efficiency continues to increase. There so the cost
of ownership for internal combustion in your vehicles actually continues
to fall too. So it's it's something of an arms race.
But again, I think the the inherent limitations of relying

(16:19):
on a large battery pack are always going to it's
just going to be a limit in a in for
certain uses. Again urban in an urban setting, where again
charging is a problem in an urban setting if you
live in an apartment building, for instance. But again there's
I just don't think there's there's too many inherent limitations

(16:40):
for for for people to talk about one hundred percent
of the market being electrifuged. So again, you know, maybe
fifty maybe, I mean that's I think that's theoretically possible,
but I'm not so sure that you're going to be
much beyond that. All right, that's interesting.

Speaker 1 (16:55):
So so you're not seeing a need for business owners,
for example, to put in charging states that they're office
building to to really accommodate the electric the electric vehicle.

Speaker 2 (17:06):
Use like.

Speaker 1 (17:09):
Uh, because you know, we have gas stations all over
so there that's not a need from from a gas
station from a press well, that's.

Speaker 2 (17:17):
Kind of That's another limitation when you talk about electric
vehicles is where do you charge? And you know, if
your if your employees are all using internal combustion vehicles,
like as a business owner, that's not something you need
to worry about. So if you do have electric fieldies,
that's just another cost, another issue to and there's also
the question of who who pays for that charging. The
installing chargers can be pretty expensive and then the ongoing

(17:40):
electricity supply. You know, that becomes an additional cost unless
you're going to, I guess try and make your employees
or customers pay for it, but that obviously is just
going to annoy them. So again the question of who
pays for the charging actually is another another one of
those inherent electric vehicles that because you're not always going

(18:00):
to be able to charge in a garage that you own,
like you're gonna have to charge when you're on the road,
you're gonna have to charge when you're going to work,
and someone someone has to pay to install those chargers.
And if if you have one hundred employees that all
have electric vehicles. I mean, you're not going to install
one hundred chargers. That's cost prohibitive. But then if you've
only got ten chargers, how do you allocate the use

(18:23):
of those chargers.

Speaker 1 (18:24):
Like they like allocating parking spaces.

Speaker 2 (18:27):
Yeah, right, yeah, it's the special parking spaces. So and
again that's why I say there's a lot of limitations
to really widespread ev adoption because all of those questions
are not problems that anybody faces when it comes to
an internal combustion heavy population.

Speaker 1 (18:45):
So, like I understand in India, the buses are electric
and instead of charging, what they do is they go
in and they drop in a new battery when they
and then they charge the batteries separately. It seems me
like public transportation that might be a good use for
for the electric vehicle.

Speaker 2 (19:05):
Yes, oh yeah, yeah. And public transportation is actually a
perfect example because you've got you've got fixed routes, you
can plan for how long you need a charge for
you Obviously there'll be traffic sometimes, but you can budget
for that. You can it's predictable, and that's actually a
place where electric vehicles are any kind of electric vehicle
is useful is in predictable situations. So you know, if

(19:26):
you if you say you're at a operating a port,
you know, electrifying the vehicles driving around on the port location,
that makes sense too. So there's there's applications where it
makes sense. But it also the problem with the battery
switching that that requires infrastructure for batteries switching. So you know, yes,

(19:46):
maybe a public entity is going to set that up
and pay for it. But again this is you think
about why India is doing that because they have pollution
problems in the city. In the United States, we don't
have those pollution problems. There isn't that kind of pressure
for picks that electric vehicles might provide.

Speaker 1 (20:07):
Interesting, So I want to shift just a little bit
going back to incentives, but this diamond centives for fossil fuels. Now,
we've had very large incentives for small drilling programs in
the US for since the seventies actually, and in particular
the intangible drilling costs write off the availability for a

(20:31):
doctor or a lawyer to get these big write offs
if they invest in a drilling program where they couldn't
do that if they invest in real estate.

Speaker 2 (20:38):
How much.

Speaker 1 (20:40):
Impact do you think those tax incentives in fossil fuels
have on the production of fossil fuel.

Speaker 2 (20:48):
So, I don't know that they have a huge effect
on the actual production numbers. What they do affect is
the makeup of the industry those kind of things, especially
both both I d c s and percentage depletion. Smaller
independent producers get more value out of those than the

(21:09):
big The big oil companies, big oild companies can't take
as much of those deductions as smaller old companies. So
to that extent, those instead of certainly uh help help
maintain an independent aspect to the industry. In the absence
of those, you've probably everybody who probably consolidate into five
or six giant companies.

Speaker 1 (21:29):
Well, and yet what you see in these small independence
is that they're doing secondary and tertiary recovery things that
the big guys don't want to do. They're not interested in.
It's not it's it's it's not worth it to them.
And uh, I mean a lot of these a lot
of these fields, they'll they'll sell off the lease, right,
they'll sell it off to a smaller producer, and the

(21:50):
producer is happy. The smaller producer is happy to go
in and get what they can get because they've got
these big tax incentives. Do you see that as a
significant benefit to making sure that we're you know, fully
producing our oil fields.

Speaker 2 (22:06):
Well, yeah, that's and that's that's an important thing to
remember for people who don't know much about the oil
production process. You know, there's primary, secondary, and tertiary. You know,
the primary when you just drill a hole on the
ground and spindletops, right, that's a very small that gets
you a very small percentage of the oil that's in
the ground. You have you know, pumping gas or pumping
water in to push more oil out. That secondary tertiary

(22:29):
recovery that gets you more production. So that helps, that
does help maximize our domestic production. And and this is
the thing to think about. This is a global industry
and you know, the Exons and Chevrons of the world.
You know, they can go drill off the coast of Guyana.
They can go drill off the Brazil and produce there.
They don't have to produce in the United States. So
there's there is an aspect to having that the US

(22:53):
independent industry and maybe provide providing some of those incentives
that they get that the big oil companies don't necessarily get.
So there's some benefits of that, and frankly, there's an
innovation aspect to it. Things like fracking you know, that
was developed, hydraul fracturing was developed by you know, Mitchell
Energy and independent oil producer, so that the innovation, the

(23:14):
biggest innovation honestly, especially in producing the United States, is
coming from the small producers and the independent guys. So
you know, you can you can argue that there's some
value to that. Me personally, free market person, I kind
of I don't think there should be a corporate tax
really at all. So like I'm you know, I'm not
going to argue about which deductions are better than others,

(23:34):
like I get rid of all. So, but yes, I
think that that certainly is the argument that you'd hear
from the independent producers, that that that that support for
inded producers encourages production here, encourages employment here because the
smaller producers you know, have more employees domestically than the
exons and chevrons do. So that's certainly that's certainly a

(23:55):
defense that that is presented for those for those tax provisions.

Speaker 1 (23:59):
So I have one last question for you, and that's nuclear.
So France has doubled down on nuclear power, They've doubled
down on the small nuclear nuclear power plants. In the
US over the last twenty years, we've gone heavy into
the small natural gas production right where we've got plants
for a single factory, right where you have natural gas

(24:23):
production facility to power a single factory. What do you
see happening in the US. Do you think that the
regulations will ever get over this. I think of it
as country head trash that we have about nuclear, and
well we actually start doing it and making useful use

(24:46):
out of it where it's clearly the cleanest and the
most and the lea and the most efficient of the
energy types.

Speaker 2 (24:53):
Yeah, I mean nuclear is great. And yeah, like you said,
if you care about emissions, you should be wanting to
build nuclear aware because that can provide can fuel a
modern economy with zero emissions. The problem is, as you said,
the regulatory environment for nuclear in the United States is
just absolutely god awful. And you know, short of you know,

(25:14):
burning down with the Nuclear Regulatory Commission and rebuilding a
new a new regulatory system, I'm not sure how you
how you fix that any any things like if small
modular reactors, which is the is the great in the future,
even that you're you're just talking five or ten years,
we still don't have that. We've built some of those

(25:35):
in like national labs, but we haven't actually put them
into economics, like actually beneficial economic use yet. And the
the the regulatory environment continues to be bad for that.
And unfortunately, I think the future of nuclear is the
is going to be some innovation that happens outside of
the United States. You know, it's gonna be it's gonna

(25:56):
be South Korea or France or China developing new technologs
that make that make things easier, faster, cheaper, and then
maybe we'll end up importing some of that to the
United States to use. But the unfortunately the domestic industry
is just so suppressed, and you also have the fierce

(26:16):
competition of cheap natural gas. Like the reason we call
these natural gas plants is because natural gas is almost
too cheap to meter in parts of the United States.
So the nuclear has that double whamby of a horrible
regulatory environment and a and a really cheap competitor that
it just makes it hard. And look, the thing is
is that if we had spent the last twenty years

(26:38):
building a nationwide fleet of nuclear plants and instead taking
taking the money that we use to subsidize wind and
solar and build nuclear plants. We'd have the best of
both worlds right now. Frankly, we may have. We may
have gotten over some of those those cost herders that
we could actually build nuclear plants cheaply again, because we
used to be able to do that first built them

(26:58):
in the sixties and seventies. We could build them fast, cheap.
But I just unfortunately I don't see I know that
Secretary of Chris Wright, the current Secretary, is really enthusiastic
about trying to fix the regulatory environment for nuclear He
really genuinely wants to. I'm not sure how much he

(27:18):
can do on his own. And the problem is that
the next Democratic president that comes into office, you're likely
to have anti nuclear environmentalnists making a lot of decisions. Again,
so it's hard to make. You know, a nuclear power
plant is a five to ten year investment, and just
to build it, and with political ping pong that it

(27:39):
makes it kind of impossible, really hard, or it's unfortunate,
but it's I mean, that's just kind of the reality
we face in the United States.

Speaker 1 (27:47):
Interesting, So wrapping up what would be two or three
recommendations you would give to business owners when it comes
to energy and you know, what they can look for
in the future and how to kind of help their
employees navigate through things like even such things as commuting,

(28:08):
utility costs, brown out, things like that.

Speaker 2 (28:12):
Yeah, well, I mean, I think the biggest thing with
energy is it's to keep in mind when you're running
the numbers. Is to run the numbers, you know, with
whatever subsidies and mandates are pushing things, but also run
them without that because a lot of these investments make
perfect sense. You know, putting solar panels on your roof
in Arizona, it makes perfect sense regardless of subsidization, like
there's added value. The problem is when you're making decisions

(28:35):
to try and chase subsidies, that's that is putting yourself
at risk because ultimately subsidies are politically driven. They're not
market driven, so they can be taken away at any time,
which is what kind of what's happening with the Reconciliation Bill.
And the other point too is just for electricity production
in general, it's we do there is a danger in

(28:59):
certain parts of this country that we are getting close
to the capacity limits of what our electricity capacity is,
and that that's very much a concern and something that
that especially if you're an energy intensive business, that's something
you have to think about. You have to think about
backup capacity on on site, you know, diesel generators, if
that's what it comes to. So that and that's that's

(29:22):
a that's an investment decision that hasn't really been a
thing in the United States for a long time. But
but AI is going to continue to increase the amount.

Speaker 1 (29:32):
Of I was going to say, we've have massive data
centers going in now AI.

Speaker 2 (29:37):
And to the extent that people are transitioning to electric vehicles,
that's adding demand. So there is man growth in the
electricity system for the first time in close to thirty years,
and the investments in power generation have not been there
the last at least twenty years. So it's it's a
bit of a catch up mode right now. But you know,

(29:58):
nuclear takes time to get into process, even I mean
natural gas takes time as well. There's backlogs and urban production.
Even wind and solar have issues with land use and permitting.
So it's something when you're thinking about large investment decisions
as a business person, like electricity now is something you
do have to think about because where you locate your

(30:21):
where you locate a factory in our facility is going
to be affected by electricity availability at this point, and
that's something that you haven't really had to think about
in a long time.

Speaker 1 (30:30):
Well, honestly, even if you just have one hundred workers
working on computers, you cannot afford to have those computers
down right right, You can't have you can't get brown outs,
and of course that also then you have risk to
the to the to the drives of the computers right
because you're actually risking having jolts of electricity in there.

(30:52):
So there's all sorts of bad things when you don't
have a really strong grid. And of course there is
a lot of discussion about our it's really old and
so there's a lot of issues there too. So thank
you Kenny Stein for joining us. Where could we find
more about what you're doing and what your organization is
doing when it comes to energy.

Speaker 2 (31:14):
Our website's easy to remember is two for Nagyresearch dot org.

Speaker 1 (31:18):
Awesome, Thank you Kenny, Thanks everyone for listening and watching today.
Energy drives our economy. Energy is critical to every single
person's needs almost every single moment of every single day.
And so let's let's keep it in mind, and let's uh,
I think, Kenny, I think your advice. Don't ever let

(31:39):
the as I let, don't ever let the incentive tail
wag the investment dog. We'll leave you with that. We'll
see you next time on the Waltability Show. Thanks for
listening to The Waltability Show. If today's episode gave you
a new perspective, remember this. The tax law is not
your enemy. It's a roadmap, and when you know how
to follow it, you can build lasting well. If you're

(32:01):
a business owner or investor who's tired of overpaying taxes,
the Wealthability Accelerator is your next step. You'll have the
opportunity to work directly with me for eighty percent less
than my standard rate, and I'll personally guide you through
how to change your facts so that you can change
your tax Go to wealthability dot com, slash bonus and

(32:24):
apply today. Remember it's not just what you make, it's
what you keep.

Speaker 2 (32:35):
This podcast is a presentation of rich Dad Media Netflork

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