Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
My friends walking to the program.I'm glad to have you here. Jimmy
Lakey is my name. Go tothe Facebook page. I put up the
link to the story about Governor Polos'sgas hike. Gas per gallon increase coming
probably going to be fifty cents toa dollar across Colorado because Governor Polos sent
(00:20):
a letter saying, hey, wedon't want that EPA. You know,
yeah, we don't want to getany special treatment here. We don't want
to reprieve please raise our gasoline prices. Now he's all mad at the EPA.
It was all part of Jared Polistaking office and seeking out a green
agenda. And you're about to paythe price for that because he did not
(00:41):
seek the waiver from the EPA.Soor gas price is going to climb up,
like let's say, California's did allfor the green agenda. I want
to walk them into the program.If I may excuse me, I got
to hit the right button. Economicscholar Rony de Rugi, senior fellow at
George Mason University's Mercadis Center, onthe hotline to talk about a green agenda
(01:03):
that's well, at least in California. They're going to feel it, and
it is regarding the railways and theEPA. Good morning, Veronic, welcome
back to the show. Thank youfor having me back. We have a
problem here in the state of Coloradothat we're about to have a cost of
gasoline go up because we didn't seeka waiver that we've always had for the
Clean Air ract in the state ofColorado fifty cents to a dollar per gallon.
(01:29):
There's also a I guess California needsa waiver from the EPA regarding railroads
and it's going to get more expensivein California, and that's hard to believe,
but we're starting to believe it herein Colorado. What is happening in
California and does it affect the restof the United States when it comes to
the railroads and shipping freight. Sowhat's happening in California is a big past
(01:57):
regulation to try to go and forcetheir locomotives or trains basically that are operating
in California to operate at net zeroemissions, and that requires replacing locomotives that
are currently diesel and even the onesthat are still in great shape and could
function for another You know ten orfifteen years to replace them with zero emissions
(02:25):
or electric assume locomotives, even thoughthe technology isn't ready for prime time.
And the reason why it affects potentiallythe rest of the country is that you
know, it's all well and finedfor trains that are only operated operating in
(02:46):
California. But effectively, what theEPA is, what the California regulators are
are seeking is for the EPA togrant them a waiver that would basically force
their regulation to be applied nationally.And so if it's applied nationally now trains,
a lot of folks don't realize thatthings come in the ports of in
(03:09):
California off the Pacific, and aboutforty percent of a lot of the stuff
that we get goods and services comeon freight trains, and if that's going
to automatically start raising the costs,so we already have an inflationary time that
we live in and this is notgoing to make things cheaper in America if
they get the waiver from the EPA, well, and a lot that is
(03:32):
true, and a lot of companies, smaller companies are not going to be
able to actually sustain the costs,and so they're probably going to be going
under effectively, that's what it meansbecause right now, you know, locomotives
(03:53):
they have a long shelf life.They operate, you know, they operate
for or depending on their maintenance,but they could operate for thirty years.
And the a PA is effectively notthe APA. Sorry, the California regulators,
they just they just want they're forcingeveryone to change within the next five
(04:14):
years and so, and they're recognizedthat it's going to cost a lot of
money because they're forcing everyone to basicallyset a lot of money aside in order
to pay for the transition. Butjust a lot of small companies they can't
shoulder the cost they've over When youbuy a locomotive, you're expecting, you
(04:35):
know, to be able to tothe value of your your assets to appreciate
over however long it is going tolast. And then the California regulators are
saying, never mind, you're gonnahave to do an enormous investment. And
then there's of course the problem ofthe fact that there's really currently no no
(04:59):
luck. There are zero emissions thatare really effectively ready. It's not a
technology that is that is common andthere's certainly not a lot of choice.
There's one company that does it,and it still hasn't been really tested at
the scale that it should be beforeyou deploy it for an entire state and
(05:25):
letter loans for the entire entire railsystem. Wow, the voice of economic
scholar Broonic di Ruschi, a seniorfellow at George Mason University's Mercada Center,
talking about the pursuit of a greenagenda and net zero emissions that could once
again be costing US dollars right outof our pocket, as the cost of
(05:47):
shipping freight across America could increase ifCalifornia is successful in spreading their own wishes
on all of America. Do weknow is the EPA prone ting to grant
this way for this is something thatwasn't passed by other state legislators. It
was passed by the Colorado the Californialegislature. Do we have any kind of
(06:09):
I guess signal as to what theEPA will do, whether they'll force the
rest of America to abide by theCalifornia regulation. Well, I mean,
I guess it depends on the nextelection. You know, I think I
think this would make a big difference. The Biden administration has demonstrated, for
(06:33):
instance, like it just passed heavytariffs on ev cars coming from China and
aluminum, So it's demonstrated that ithas a domestic green agenda that is very
that is basically taking is more importantthan anything including consumers the welfare of consumers.
(07:00):
So I think it really will dependswho is in charge of that particular
agency. Well again, economic scholarVeronic de Rugi, a senior fellow at
George Mason University's Mercada Center, talkingabout California seeking to get the EPA to
let them basically dictate the way thatyour freight trains and passenger trains engines operate
(07:25):
within the next couple of years,and whether California regulation is going to be
swept across America. We talked aboutthe freight and the cost of goods,
but these net zero emissions would alsobe for passenger trains. That seems to
be a little bit counterproductive because manypeople say we need more trains, We
need more passenger trains. California andColorado, everybody's talking about passenger trains.
(07:48):
We need this form of mass transit. But in putting these regulations in they're
making it harder for well, withthe technologies, is not there for this
mass transit form to uh to goon the main stage here. So they
say they want more passengers and trainsand want more trains for public transit,
but it seems like that's going tobe a harder I guess a level to
(08:13):
achieve if we have these new mandateson passenger trains as well, and the
mandates on passenger trains would go ineffect before the freight trains. Yeah,
I mean this this regulation, likemany others that have been passed in the
name of the Great Agenda, UH, it doesn't make much sense because all
(08:33):
it is going to do is basicallyslow down the ability of consumers to really
get on board with the program.It's the same thing with the ev adoption
there. America is producing you know, much more expensive ev electric bakule than
(08:56):
than other places in the world,and part because our labor is expensive,
but it's also because a lot ofthe subsidies that go to ED are way
down with a lot of requirements thatare pet political projects from dividen administration.
As a result, I mean,they're just and also they're just consumers,
(09:18):
aren't sure that there are enough batteriesin order to get those dvs to make
them convenient, so they're not adoptingthem. Economic Scholar Veronic Derruji, Senior
Fellow at George Mason University's Mercada Center. Verroonic always a pleasure. Thanks for
coming on the program. I'll giveyou more in contact information about Verronic in
(09:41):
just a moment, but I gotto take a break. Everybody, Jimmy
Lakey is on the radio. You'rein front of the speaker. Thanks for
being there. Mercadas dot O,r G M E r C A,
t us dot org. You canlearn more about the Merecada Center at George
Mason University. I gotta take abreak. News Talk six hundred case l
My friends walking to the program.I'm glad to have you here. Jimmy
Lakey is my name. Go tothe Facebook page. I put up the
link to the story about Governor Polos'sgas hike. Gas per gallon increase coming
probably going to be fifty cents toa dollar across Colorado because Governor Polos sent
(00:20):
a letter saying, hey, wedon't want that EPA. You know,
yeah, we don't want to getany special treatment here. We don't want
to reprieve please raise our gasoline prices. Now he's all mad at the EPA.
It was all part of Jared Polistaking office and seeking out a green
agenda. And you're about to paythe price for that because he did not
(00:41):
seek the waiver from the EPA.Soor gas price is going to climb up,
like let's say, California's did allfor the green agenda. I want
to walk them into the program.If I may excuse me, I got
to hit the right button. Economicscholar Rony de Rugi, senior fellow at
George Mason University's Mercadis Center, onthe hotline to talk about a green agenda
(01:03):
that's well, at least in California. They're going to feel it, and
it is regarding the railways and theEPA. Good morning, Veronic, welcome
back to the show. Thank youfor having me back. We have a
problem here in the state of Coloradothat we're about to have a cost of
gasoline go up because we didn't seeka waiver that we've always had for the
Clean Air ract in the state ofColorado fifty cents to a dollar per gallon.
(01:29):
There's also a I guess California needsa waiver from the EPA regarding railroads
and it's going to get more expensivein California, and that's hard to believe,
but we're starting to believe it herein Colorado. What is happening in
California and does it affect the restof the United States when it comes to
the railroads and shipping freight. Sowhat's happening in California is a big past
(01:57):
regulation to try to go and forcetheir locomotives or trains basically that are operating
in California to operate at net zeroemissions, and that requires replacing locomotives that
are currently diesel and even the onesthat are still in great shape and could
function for another You know ten orfifteen years to replace them with zero emissions
(02:25):
or electric assume locomotives, even thoughthe technology isn't ready for prime time.
And the reason why it affects potentiallythe rest of the country is that you
know, it's all well and finedfor trains that are only operated operating in
(02:46):
California. But effectively, what theEPA is, what the California regulators are
are seeking is for the EPA togrant them a waiver that would basically force
their regulation to be applied nationally.And so if it's applied nationally now trains,
a lot of folks don't realize thatthings come in the ports of in
(03:09):
California off the Pacific, and aboutforty percent of a lot of the stuff
that we get goods and services comeon freight trains, and if that's going
to automatically start raising the costs,so we already have an inflationary time that
we live in and this is notgoing to make things cheaper in America if
they get the waiver from the EPA, well, and a lot that is
(03:32):
true, and a lot of companies, smaller companies are not going to be
able to actually sustain the costs,and so they're probably going to be going
under effectively, that's what it meansbecause right now, you know, locomotives
(03:53):
they have a long shelf life.They operate, you know, they operate
for or depending on their maintenance,but they could operate for thirty years.
And the a PA is effectively notthe APA. Sorry, the California regulators,
they just they just want they're forcingeveryone to change within the next five
(04:14):
years and so, and they're recognizedthat it's going to cost a lot of
money because they're forcing everyone to basicallyset a lot of money aside in order
to pay for the transition. Butjust a lot of small companies they can't
shoulder the cost they've over When youbuy a locomotive, you're expecting, you
(04:35):
know, to be able to tothe value of your your assets to appreciate
over however long it is going tolast. And then the California regulators are
saying, never mind, you're gonnahave to do an enormous investment. And
then there's of course the problem ofthe fact that there's really currently no no
(04:59):
luck. There are zero emissions thatare really effectively ready. It's not a
technology that is that is common andthere's certainly not a lot of choice.
There's one company that does it,and it still hasn't been really tested at
the scale that it should be beforeyou deploy it for an entire state and
(05:25):
letter loans for the entire entire railsystem. Wow, the voice of economic
scholar Broonic di Ruschi, a seniorfellow at George Mason University's Mercada Center,
talking about the pursuit of a greenagenda and net zero emissions that could once
again be costing US dollars right outof our pocket, as the cost of
(05:47):
shipping freight across America could increase ifCalifornia is successful in spreading their own wishes
on all of America. Do weknow is the EPA prone ting to grant
this way for this is something thatwasn't passed by other state legislators. It
was passed by the Colorado the Californialegislature. Do we have any kind of
(06:09):
I guess signal as to what theEPA will do, whether they'll force the
rest of America to abide by theCalifornia regulation. Well, I mean,
I guess it depends on the nextelection. You know, I think I
think this would make a big difference. The Biden administration has demonstrated, for
(06:33):
instance, like it just passed heavytariffs on ev cars coming from China and
aluminum, So it's demonstrated that ithas a domestic green agenda that is very
that is basically taking is more importantthan anything including consumers the welfare of consumers.
(07:00):
So I think it really will dependswho is in charge of that particular
agency. Well again, economic scholarVeronic de Rugi, a senior fellow at
George Mason University's Mercada Center, talkingabout California seeking to get the EPA to
let them basically dictate the way thatyour freight trains and passenger trains engines operate
(07:25):
within the next couple of years,and whether California regulation is going to be
swept across America. We talked aboutthe freight and the cost of goods,
but these net zero emissions would alsobe for passenger trains. That seems to
be a little bit counterproductive because manypeople say we need more trains, We
need more passenger trains. California andColorado, everybody's talking about passenger trains.
(07:48):
We need this form of mass transit. But in putting these regulations in they're
making it harder for well, withthe technologies, is not there for this
mass transit form to uh to goon the main stage here. So they
say they want more passengers and trainsand want more trains for public transit,
but it seems like that's going tobe a harder I guess a level to
(08:13):
achieve if we have these new mandateson passenger trains as well, and the
mandates on passenger trains would go ineffect before the freight trains. Yeah,
I mean this this regulation, likemany others that have been passed in the
name of the Great Agenda, UH, it doesn't make much sense because all
(08:33):
it is going to do is basicallyslow down the ability of consumers to really
get on board with the program.It's the same thing with the ev adoption
there. America is producing you know, much more expensive ev electric bakule than
(08:56):
than other places in the world,and part because our labor is expensive,
but it's also because a lot ofthe subsidies that go to ED are way
down with a lot of requirements thatare pet political projects from dividen administration.
As a result, I mean,they're just and also they're just consumers,
(09:18):
aren't sure that there are enough batteriesin order to get those dvs to make
them convenient, so they're not adoptingthem. Economic Scholar Veronic Derruji, Senior
Fellow at George Mason University's Mercada Center. Verroonic always a pleasure. Thanks for
coming on the program. I'll giveyou more in contact information about Verronic in
(09:41):
just a moment, but I gotto take a break. Everybody, Jimmy
Lakey is on the radio. You'rein front of the speaker. Thanks for
being there. Mercadas dot O,r G M E r C A,
t us dot org. You canlearn more about the Merecada Center at George
Mason University. I gotta take abreak. News Talk six hundred case l
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