Oil Prices Set to Spike

Episode Transcript
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Speaker 1 (00:11):
The Chat Benson Show.

Speaker 2 (00:14):
Thank god it is the weekend. I'm ready for it.
I think most of you are as well. So far,
no news on whether or not the war will or
won't continue. My assumption is kind of best way to
describe it, kind of And what do we care about?

(00:38):
We care about one thing? One thing. What's oil doing?
That's it? What is oil doing? Is it up? Is
it down? How do we read into it? We've seen
it come down a little bit. But the powers would
be the people that understand the world that we live in.

(00:59):
When it comes to actual energy markets. We're all saying
the same thing. It's when it's not if it's going
to have a big spike. I would love it not
to have a big spike. But as you're going to
find out, we're going to talk about a little later,
but I'll give you a snapshot here. China may be
the one that we have to say thank you to
it this moment in time, which sounds weird, but they

(01:25):
seem to be the one that decided to use their
strategic reserves to help and offer oil to Japan, South Korea,
parts of Asia, and to also not go in the

(01:46):
open market and purchase the way they normally would, and
in doing so have helped keep prices down, which is
rather interesting because if you notice when Trump came back
from the meeting, which g it was, hey, maybe we
don't send Taiwan any weapons. And Trump has also been

(02:09):
very much like, eh, you know what, whatever happens when
Taiwan happens with Taiwan. So this is going to be
interesting to see what takes place in the coming days,
because you know, we want this thing to be done.
We're one hundred days in UH and we're frustrated, and
prices are still up, and you know, you get the
jobs report and everything coming out. We're gonna get to
that next hour. But when you go and look at

(02:29):
this situation, we care about the economy, stupid. Like I
said yesterday, what is it that Trump really won on?
Was it the social issues? No, those are fun to
talk about. They make great noises for everybody, right to
the clicks and the likes and the what's in the nuts,

(02:49):
But in truth, it is about the economy, stupid, and
that is a big deal for everybody because it's the
one thing we all participate in together, is the economy.
And right now inflation is up outpacing wages, things having

(03:12):
got cheaper, and we have done something that we first
of all put ourselves in that is a horrible situation.
And secondly, for Trump, he's put himself in a situation
that may define his entire presidency. Across the board and
you go back and look at Bush, you know, w

(03:35):
and they talk about no matter what happened prior to
or after the disaster in Iraq, to find everything, and
I think this may do the same. Let me know
what you think. Three two, three, five, three, eight, twenty
four to twenty three atch had Benson Show is your
extra insta all the other things. Meanwhile, we go to Texas.

(04:01):
So the case that is currently being tried, Carmelo Anthony
Austin Metcalf, it's a horrible situation. Kid lost his life,
another kid ruined his life. And of course, in the

(04:24):
world that we live in, it wouldn't be anything other
than a way to talk about race, right because because
it gets likes, it gets clicks, it gets all of
the things. A bunch of protesters outside yesterday, people screaming
and yelling each other from across the street.

Speaker 3 (04:41):
I'm gonna put you if I get close enough, push
the red in that you are what I say, yeah,
and Ago, I don't give up what you say got
on the referee. You're still a crack.

Speaker 4 (05:05):
You're a crack.

Speaker 2 (05:08):
So that had that what's up with the cracker stuff? Now? Inside?
What took place? Because remember there's no cameras inside, there's
no phones being allowed inside. So they're going in, they're
writing stuff down, they're bringing it out. What happened. First
day of the trial.

Speaker 5 (05:27):
Cormelo Anthony, now nineteen, charged with first degree murder and
the stabbing death of seventeen year old fellow athlete Austin
Metcalf after a confrontation at a track meet last year.
Prosecutors called it a sneak surprise attack, showing the jury
grainy surveillance of the bleachers where it all happened that
brainy morning after Anthony sat under a tent belonging to

(05:48):
Metcalf's team.

Speaker 2 (05:50):
So some grainy stuff that you see, a different angle
that you see. And this is all based on whether
or not and was it self defense? Right? Why are
you bringing a knife to a track meet? Not the
first time that you brought a knife somewhere you weren't
supposed to. These are all questions that are being you know,

(06:13):
really proposed to the jurors. Hey, jurors, why do you
think would you bring a knife to a track meat?
Why did he bring a knife? What was he that
worried about? What was the confrontation about? Who attacked too?
These are the pictures that are being painted, and of
course you can't see anything in today's world without seeing race.

Speaker 5 (06:31):
Anthony's defense arguing he acted in self defense, reacting in
a split second of fear chaos, saying after he defended
himself with the knife, he ran, He didn't stab again,
he dropped the knife. The case fueling debate and racial tension.
Metcalf's father has insisted it's not about race. Both families
have face threats.

Speaker 2 (06:52):
Yes, both families have faced threats, but it's become race.
I mean even yesterday when I talked about it for
a little bit on my local show, it was it
became about race. That's all anybody cared about. Everybody's looking
for there. He did it because he was worried the
white kid was going to get him. He did it

(07:14):
because he hates white people. And you're just and everybody's
looking for their points, Like what points do I score?
In this conversation. A kid died, another kid ruined his life.
And yes, the Internet has gotten a hold of it
in such a way because, as we know, algorithms create outrage,

(07:39):
feeds off the outrage, takes the outrage and runs with it.
And that's what it's doing here, no doubt about it,
Absolutely no doubt about it. Meanwhile, we moved from there
Grant Platner Tuesday. He is going to be in a
primary in If you guys don't know who Graham Platner is,

(08:02):
Graham Platner is a surprise candidate senate candidate, a hero
from many people on the left. He's the new AOC.
But he's got baggage, and that baggage is a lot.
It's a lot of baggage. Right, the oyster Farma has

(08:26):
some issues. First the tattoo, if you guys to know tattoo,
the Nazi tattoo. Secondly, some of the stuff he has
said online in the past is nasty, to say the least.
And now a new piece that has come out in
the New York Times of all places. Right, so here's

(08:49):
a left leaning publication with an article about the left
leaning Graham Platiner and talking to people women he's dated
in the past, because he also had the sexting controversy
that came out the other day. But this is very

(09:11):
interesting to see the way that this is playing itself
out because people are trying to figure out the left,
trying to figure out how do we you know, we
can damn all the things that Trump and everybody else
does and says, and at the same time we want
to demonize those people, but be able to overlook these things.

(09:36):
It's a tough thing, right, Like, you know, this is
the hypocrisy of modern politics.

Speaker 6 (09:40):
Some of the most damning accounts came from one woman
from Virginia who dated Platner from twenty thirteen to twenty fifteen,
and she told The New York Times that in one
alleged encounter during an argument, he twisted her arm behind
her back, shoved her into a bedroom, allegedly held the
door close so that she couldn't get out, telling her

(10:00):
allegedly that she could leave when she was quote unquote calm.
ABC News is not independently verified this reporting.

Speaker 2 (10:08):
By the way, it's always good when somebody's losing their
mind to say calm down, because you know it totally works.
Then You've got the thing that started all of the
controversies along the way, which is the tattoo, the tattoo
which he said he didn't know was a Nazi tattoo.

Speaker 6 (10:26):
This woman, also again an ex girlfriend of Platner's, told
The Times that he was aware of this significance of
a tattoo he got that has a Nazi symbolism. Platner
has long said that he picked out a skull and
crossbones tattoo with Marines on leave and they didn't.

Speaker 2 (10:44):
Know the Nazi significance of it.

Speaker 6 (10:46):
This woman, who previously dated Platiner, now tells The Times
that reportedly he did know that significance.

Speaker 2 (10:53):
Ooh, now did he or didn't he? He's saying stuff
like I didn't know what it was. I mean, the
usual stuff they're trying to give them. And again you're
you're talking to an ex girlfriend. They could have their
own issues and want But I asked the people on
the left, what would you say if this was coming
from somebody on the right, would you say? Believe all women? Probably?

(11:21):
So it's hard to you know, if you're out there
and you know the hypocritical world, and you move that
you know, you move that board from your eye to
try to help somebody else. You know you're looking around it.
You have the hypocrisy of at all. Just know this.
This is getting ugly for them, and they've got their
primary on Tuesday, and they're trying to figure out exactly

(11:42):
what they're going to have to do with this guy
because this can't be all that's out there and they
recognize that. And this is a place that if they
want to senate, they have to win Maine they do.
Coming up, we got a little finally Friday, among other
things on the way or Buddy Jim Kennedy, Kennedy Institute,
Babbacology Reach, It's going to join us. A bunch of
other good stuff on the way. But first and foremost

(12:02):
Bullwark Capital, where I talk to my buddies over at
Bullwark Capital. They are amazing. They want to help you
when it comes to your investments and your retirement. They
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(12:24):
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Speaker 7 (12:45):
Investment divisory services offered through Track Financial LLC and SEC
registered investment advisor. Investments involve risk and are not guaranteed
Past performance. Does not guarantee future results. Track twenty six
one three coming up.

Speaker 2 (12:57):
Finally, Friday Sounds, among other things, Chad Ben.

Speaker 1 (12:59):
To Joe, you're listening to the Chad Benson Show.

Speaker 2 (13:12):
It is Friday, and Friday means taking a listen back
to the chaos, plenty of it, the craziness, always, the
entertainment that was this past week.

Speaker 4 (13:23):
We're excited.

Speaker 2 (13:24):
We're probably welcoming a half million people over the entire
set of eight matches appear all today.

Speaker 4 (13:30):
It's Christopher past.

Speaker 2 (13:35):
How much it cost to me to follow England in
the World Cup around the US this summer.

Speaker 8 (13:40):
I'm not a hundred dollars walking in my funeral hole.

Speaker 2 (13:44):
I know all.

Speaker 4 (13:44):
I'll say.

Speaker 8 (13:45):
Anybody's burning a hold, I do my bucketing and do
my skim. Come on the morning, I'll be brown.

Speaker 9 (13:54):
It's fine Friday.

Speaker 4 (13:56):
I'm fred.

Speaker 2 (13:58):
I'm on my motor running.

Speaker 4 (14:00):
Wow again, it's.

Speaker 2 (14:05):
Noah.

Speaker 10 (14:08):
Did you know that a black fourth grader in Mississippi
is two and a half times as likely to be
proficient in math and reading as one in California.

Speaker 11 (14:17):
The last words on earth this man heard were his
rights being read out to him, all because of a
false accusation of racism.

Speaker 12 (14:25):
It's fine, skin, I've done my mother.

Speaker 13 (14:32):
Again.

Speaker 14 (14:39):
I've been banned from the United Kingdom for criticizing Israel.
I didn't get banned for criticizing the United Kingdom. I
got banned for criticizing Israel.

Speaker 15 (14:48):
So Obama one point seven billion mocked by President Trump.
Right now, the rhymes are pushing for twelve to twenty
four and there's a possible pool of one hundred billion dollars.

Speaker 16 (14:57):
We we have a thirty hours slowly dunnedy bow.

Speaker 4 (15:18):
It's forget.

Speaker 17 (15:27):
It's an unbelievable, beautiful, fourteen hundred hector private island in
the middle.

Speaker 2 (15:32):
Of the Mediterranean that right there. Of course, Voka Trump
and her island fourteen hundred hectors, which is a lot
of hectors. They could have got a two for one. Chad,
I know it's a horrible joke. We're having fun radio
on the Chad Benson Show.

Speaker 4 (15:50):
I tell you it's looking good so far.

Speaker 2 (15:54):
A biological mild can't become clear.

Speaker 18 (15:56):
But the grounds of pregnancy includes potential pregnancy as well
as pregnancy.

Speaker 9 (16:01):
But if I can't become pregnant, how can you then
become potentially pregnant?

Speaker 2 (16:06):
And I'd say, and that part of the world sees
fire as when you're shooting in a more moderate manner.
You know, it's funny about the whole thing with Ivanka
Trump and Jared Kushner and all of that that we
first of all, a lot of you were sending me
tweets and text saying that was hilarious what we did
yesterday about that. The reality is, I don't care that

(16:29):
people get wealthy. Moviere talking about, you know, Elon becoming
a trillionaire. None of that stuff matters to me as
far as I'm not jealous. It was to read the
room moment as I was trying to explain to people,
and the people that were upset about it are people
that support her father, President Trump. It's to read the

(16:54):
room moment. I look around the room, and I said, WHOA, Maybe, No,
it's the same kind of thing with the ballroom and
his arch and all of the stuff that's going on
out there, repainting, you know, the reflecting pool, all of
these things that he seems to be obsessed with at

(17:18):
a time when life's getting more expensive. Sometimes you just
read the room. It's not that you can't it said,
is this the right time? If that makes sense? Coming
up our buddy Jim Kennedy Kennedy Institute of Public Policy Research,
He joins, the program will do that straight ahead right
here on the Chad Benson Show.

Speaker 19 (17:40):
Then Chad Benson Show.

Speaker 1 (18:01):
The Chad Benson Show.

Speaker 4 (18:05):
It is that time of the week.

Speaker 2 (18:06):
Talk to our good buddy, Jim Kennedy of the Kennedy
Instead of Public Policy Research. Harpy Friday, All right, Jim,
you were telling me that you've put together a spreadsheet
to follow along in the world of counting votes in
California and how close we may be to one year
finding out who won a primary in something.

Speaker 20 (18:28):
Absolutely I promised that by Christmas Day we will know
the results of the elections in California, including the Los
Angeles mayoral battle. I joke, but we will barely know
the general election results by Christmas Day. And that is
not a joke, because it takes California thirty five days
to count the votes. Now, of course, a third world
country would be ashamed of that, but California somehow very

(18:51):
proud of it. They've had the people come out and
speak on it. Dan Logan, who's the La County registrar,
he came out with a big grin in his phasic,
trying to explain to people why I take so long
in La. We're very diligent. We make sure we count
all the votes, and we count them right, and it
takes you freaking forever to do it. So yeah, And
the reason why I'm tracking it is is that I'm
not implying anything's improper or legal going on here. But

(19:14):
California is a place where on election night, many Republicans,
even though the government, even though the mayor's race is nonpartisan,
many Republicans are those that tend to lean that way,
are leading on election night, and a week two, maybe
sometimes three weeks later, they wind up falling behind some
Democrat who's running against them. And basically what we're tracking

(19:37):
is is Pratt against Nathia Rahman, who's in third place
after election night, and they are they will be counting
those votes for again, approximately three weeks. By the only
county register. They work a grand total of four hours
a day. They count votes between ten and two pm,
and then at four o'clock Pacific time they put the
dump onto their website and update the results between the days.

(20:00):
Somebody had said, I just heard yesterday last night that
they counted all of like twenty seven thousand ballots. This
is in a city of I would say, close to
three million registered voters in Los Angeles and they counted
twenty seven thousand votes. So at that page, yeah, it's
going to take them thirty days to count all the votes.
And that's again on an election that's probably going to

(20:22):
have I'm going to get somewhere between thirty and forty
percent turnout, maybe maybe somewhere in the middle of that
on you know, roughly for the turnout of percentage turnout
for that. The one thing I have seen so far
as though, is at the Republicans again non part is
an election have been voting at a greater percentage of
their base than the Democrats have. So if anything that

(20:44):
looks good for Pratt, that does. But yesterday Pratt picked
up six thousand votes roughly and ram And picked up
about ten thousand votes, So he lost four thousand votes
off of his second place lead. And if you look
at the betting markets, which again are not necessarily reality
since the elections are done, simply guessing Pratt a Pratt
Bass matchup is only a twenty percent probability on CALLSHI,

(21:06):
and it's a seventy seven percent probability of a Raman
Bass matchup in the general election. So I don't know
if people are guessing, if somebody knows something or what.
But it's very interesting how that looks right now, considering
that Pratt is fairly solidly in second place with an
over five percent majority over Nathie Raman.

Speaker 2 (21:24):
Talking to Jim Kennedy Kennedy Instadt, a Pook Policy Research,
we talk about politics, pop culture and all the fun
stuff that's going on out there. Jim. We pivot from
there just real quick on the on the on the
Hilton thing. So Styer spent a lot of money. But
today I've seen two different reports that say the stuff
that's going to come in for him that will get

(21:46):
him over the line, he has to be anywhere between
fifteen and seventeen percentage points better, and he's doing it
at about ten percent, So there's a better. Oddly enough,
I figured if anything was going to happen, of the two,
I always thought that Pratt would be the one that
would get through more so than maybe Hilton. But that

(22:06):
may not be.

Speaker 20 (22:07):
Uh, we may.

Speaker 2 (22:08):
See both of them get through, which would be interesting,
but Hilton may actually have a better chance of getting
through than I thought.

Speaker 20 (22:16):
Yeah, we may know come later today or maybe on Monday,
we may know a little bit better on the governor's race,
because I believe maybe it's next Tuesday. Actually this the
counties will need to report in their uncounted ballots, and
then you can see where the votes are going to
be coming from. Whether it's you know, whether it's a
Riverside County situation where actually probably be a lot of
Bianco votes because he was sheriff of Riverside County, but

(22:39):
a red area in general, or if it's gonna be
coming more out of like Contra Costa County or San
Francisco County or Alameda County, Bay area counties, which are
gonna be a lot more blue and probably a lot
more Styre voters up there than there would be Hilton voters.
So that's gonna be That's kind of what I'm looking
for so far, to see if we're gonna be able
to get a handle on which way this is going
to go. But yeah, Pratt's I mean, He'lllton seems to

(23:00):
be doing okay. His numbers are staying pretty constant versus
where Pratt's kind of losing basically a percentage basis to Ramen.
He's staying about I think from what I've seen. Yeah,
I mean, Hilton's actually still leading Besarah, So you know,
they're gonna have to come for Besarah before they would
come for for Hilton on that one though, I would
expect at some point, but Sarah just might possibly sneak

(23:23):
ahead of Hilton as far as you know, not that
the winner means anything. It's a top two primary, so
long as you're finished first or second, doesn't matter who's
you know, who's first two second. But yeah, I'm still
more confident right now in Hilton than I am in Pratt,
but if they both make it, I'm more confident that
Pratt can actually win the mayor's race than Hilton. I'm
you know, I'm I'm sorry, but I still see it

(23:44):
being Hilton'll go down, you know, thirty eight sixty or
forty two fifty eight, something like that in the general
if it's him and Bessarah. I just don't see that
there's enough of momentum right now in California. Again, California
to me is like one or two election cycles behind it.
As far as it plummets into the dumpster, you know,
the dumpster fire that LA is, it's still about one

(24:06):
or two more elections, I think, until LA gets to
the rock bottom and people get irritated enough that they're saying, look,
I know, I keep voting Democrat, and you know what,
I'm realizing I'm not really getting anywhere, and I'm just
getting worse off by doing it. I know I'm a Democrat,
but maybe it's time to make a change and vote
for a Republican possibly, And I just don't see the
state being at that point yet. And I don't see
them not turning out enough Democrats to beat Hilton in

(24:30):
the general, whereas there are a lot of very very
irritated people, mad people. People are mad in Los Angeson.
Not just those who got burned out of the Palace
Edes mad, but there are people that are mad because
their kids' school has a homeless encampment in front of them.
When they call their council person, they take down the note,
and no one ever calls them back or literally hangs
up on them, because that's not part of the narrative

(24:51):
they want to be pushing right now. So there's a
lot more angry people in LA when it comes to
not wanting to vote for a Democrat than there is
in the state. Either way, I would say I hope
they both get through, but I would say Hilton has
less of a chance to win than Practa's. But I'm
more worried about Pratt not making it through.

Speaker 2 (25:08):
Talking to Jim Kennedy, Kennedy ensued to public policy research.
We talked about politics, pop culture and all the stuff.
Explosive New York Times article about Graham Plattner, And you're
thinking the New York Times, Wait a minute, aren't they
uber left wing? Grand Platner is supposed to be, you know,
the oyster Farm that's kind of like burning a bit

(25:28):
aoc and apparently he's a bit of a dick.

Speaker 20 (25:34):
Yes, yes, he is not gonna win Feminists of the
Year from what I've been reading about over the last
week or so, absolutely not now it is. It is
interesting Janet Mills has been out there, who's the other
who is a kendidate who technically conceded though the election
isn't gonna happen until next Tuesday, and we'll be talking
about it on midterm Mondays, that's for sure come Monday.

(25:54):
But she's mentioning to people ever since the first revelation
came out that you know, I am still in the ballot,
and if if you haven't voted yet, you're free to
still vote for me. You know, I'm not really campaigning,
but if you want to vote for me, I would
you know, I'm not going to say you shouldn't vote
for me at this point, but yeah, the Democrats are
could have been a lot of trouble. New York Times
turning on them could be could be the last straw

(26:15):
on that one, because if they you know, if you
lose the New York Times of the Democrat, I'm not
really sure where you have to go. From that point,
they may decide that he is just a bridge too far,
though he still has his or he still has his
Democrat supporters out there. Like you said, Bernie still been
out there, aoc still been out there. I believe Chris
Chris Murphy still been out there, and there have been

(26:36):
some other some other Dems that have been standing up
for him, and I you know, at some point they're
gonna have to start taking a look at it. It's like, boy,
is this guy really going to be electable, even in
Maine where they do kind of like offbeat candidates. And
I don't know. Susan Collins has some sort of magic
that every time they think that she's done, she sow
comes back. It's like you just can't kill Susan Collins

(26:58):
metaphorically of course, that she is always rising from the
electoral dead to come back and beat a Democrat that
they're absolutely positive that we'll we'll take that seat away
and make that a blue seat. So I don't know
how it's going to turn out. And again, as I said,
I think we talk about this on midterm Mondays. I said,
then there's probably going to be more out there to come.

(27:18):
And I still think there's going to probably be more
and the Democrats have got to start thinking about, Wow,
you know, he's he's critical. I mean, they can't really
lose Maine and take the Senate. And I don't really
think I don't think the numbers work unless there's some
really other strained situations where they can take races that
they aren't looking at, that they can take today, that

(27:39):
there's going to be some solid movement in a solid
blue wave developing for them. If they don't take Maine.
It's not that Main is absolutely critical, but it gets
a lot harder, the path gets a lot shorter, and
there are a lot more detours on and if they
don't take Maine, and they may decide it's time to
shall we say, you know, cut bait on mister on
Graham and go look elsewhere for a candidate.

Speaker 2 (28:00):
Absolutely talking to Jim Kennedy. Kennedy is a public pallace
the research. Jim, I don't know if you're aware of this.
When Trump said four to six weeks, he meant forty
six weeks. We may be at a standoff with Iran.
I've talked about it yesterday, talked about it earlier. Today.

(28:23):
People are starting to understand. The reason that oil isn't
crushing us the way it probably should be based on
everything is the fact that China's played a huge role
in this, which people don't realize. And they're starting to
realize the fact that they've stepped back and they decided
to help several other countries and agree to only really

(28:43):
buy about six million barrels a day as opposed to
fourteen million barrels, which is helping the prices. But then
we noticed that when Trump was over there and he
came back that immediately we suspended sales of arms to Taiwan,
and Trump started saying stuff like I don't care what
happens to Taiwan.

Speaker 20 (29:04):
Yeah, that's two problems that are not good. We need
to be supportive of Taiwan, just like we need to
be supportive of Israel. We can depend upon the level
of support you want to do for Israel, but we
need to be supportive of them in general, and we
definitely need to be supportive of Taiwan. And there is
you know, there has been a lot of concern that
there is a plan in China that is somewhere on

(29:24):
the drawing board that is you know, maybe two years
out maybe three years out where they're gonna decide that
they you know, that this is going to be their
time that they think they can go ahead and you know,
reunite Taiwan as part of China, as part of China proper.
Some people think it's only if a Democrat takes over
the presidency after the twenty eight elections. But then again,

(29:45):
if you were going to move under Joe Biden, I
don't know when you would have moved well.

Speaker 2 (29:48):
And not only that, but Joe Biden was the only
president I've heard a long time because oh, yeah, we'll
definitely fight.

Speaker 20 (29:52):
Everybody's like, well, wait to get it here, No, you're right, yeah,
that's like yeah. Probably the most positive thing he said
on foreign policy was yeah, we'd go after the Chinese
if they invade Taiwan one hundred percent defend them. And
it's like, wow, Okay, that's probably not the best thing
Joe Biden said other than give me another scoop of
ice cream. For the most part, California is getting very
low on its supply because the last ship showed up

(30:14):
about three weeks ago. I think it was from the
Middle East. Because in a state that could almost come
close to producing enough oil to make it self sufficient. No,
we don't do that because we don't let people drill
in California or make it prohibitively expensive, or basically make
it so you can't run your pipelines north south through
the state to move oil from where it's found either

(30:35):
in Bakersfield or other areas, to where a lot of
their fineries are either in Los Angeles or in the
San Francisco Bay area. So and again, the refunumber of
refineries in LA over the last forty years has gone
from like twenty to like eight now or seven with
one pending closure. So we're getting into a very very
bad state or a very bad situation in the state

(30:55):
of California as far as oil which is being turned
into gasoline. So that is going to start coming to
a head in probably about two weeks because I think
for what I saw, California is drawn down. It's oil,
the oil in tanks that is being used, and it's
on hand to like a two thousand and three low,
so it's like a twenty year plus low, and there
isn't a lot more coming in unless you're going to

(31:16):
bring it in by tanker or some other way. I
mean by truck tanker that is, and also the state legislature,
of course, because they are so concerned about what Californians
are spending on gasoline, have passed a resolution that any
gasing that comes in that happens to be cheaper than
the one that's selling for in California will be taxed
to make it at the same price as the rest

(31:36):
of the gasoline, so that the consumers will not get
a bargain or a deal on imported gasoline if we
run short and that needs to happen.

Speaker 2 (31:44):
Crazy Jim Kennedy, Kennedy Institute Plug Policy Research. People want
to reach out to you, go to Midterm Mondays week.
Of course, doing Midterm Mondays, you get a lot of
stuff going on. Next week we'll know more about law.
You guys can join us here, but also tell everybody
else where to get at you if they want to
talk to you.

Speaker 20 (31:57):
Yeah, at ridy. Jim and I will be launching a
Righty Gym website next week. We'll have newsletters, We'll have uh,
we're going to be having more. I've been putting more
stuff up on the side web, some news functionality on
it too, so I'll be talking about that next week.
But go look, you know when I tell you go
look for a Rady gym website.

Speaker 2 (32:14):
Right on. Brother, good talking to you. Have a good weekend.
I'll talk to you Monday.

Speaker 20 (32:17):
Thanks Chad.

Speaker 2 (32:18):
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for relief Factor. Chad Benson show.

Speaker 1 (33:42):
Ronnie with scissor sounds great compared to this.

Speaker 2 (33:49):
A miracle? Did it happen?

Speaker 4 (33:53):
It's absolutely tragic.

Speaker 2 (33:56):
That's such a lovely, beautiful human being. He's no longer
with us. Bar some kind of miracle, bar, some kind
of miracle that right there is Chris Thrall. He is
a mountaineer, I guess that's what you call him. And

(34:18):
he is a former British Marine. He knows Darwa Sherpa
who has been missing for about a week, last seen
in the danger zone in Everest. Than lo and behold it's.

Speaker 21 (34:36):
Being called the miracle on Mount Everest. A fifty two
year old Sherpa guide suddenly seen crawling back to base
camp six days after he went missing. This is him,
moments after he returned. Frostbitten but alive. He was last
seen in the so called death zone, known for its
thin oxygen and harsh conditions. He says he slipped and

(34:58):
fell into a crevit, where he was stuck for two
days and two nights.

Speaker 2 (35:03):
Hmmm, it's very interesting. Now if you guys don't know
anything about Everest, it's a very tall mountain. It's not
your normal mountain. It's the most famous mountain. Not the hardest,
but the most famous. And like all these mountains in
and around, you know, Nepal and everywhere, there's no getting
you down. There isn't if something goes wrong, you're sol

(35:26):
And this guy supposedly slipped was there for five ish days.
Very interesting, a miracle indeed, let me know what you
think right here on the Chad Benson Show, coming up,
hour number two of the program, more on all the stuff, Iran.
It's only so much you could do on that kind

(35:46):
of stuff because we sit here and we're like, oh, yeah,
today's today. I don't know if today's today. I doubt
today's day or tomorrow's today. I think this is going
to want for a little bit longer. We'll talk a
little bit about that. Our buddy Zach Abraamchvesment Officer Board
Capital is going to join the program as well. We're
going to talk about the oil market itself, because let's
be honest, that's what we care about here in the
States at this moment of time, because the cost of

(36:07):
life and what it's costing you and I each and
every single day, and why isn't oil higher based on
what we see going on comparatively? That's what's really happened
in the past, which has been insane. Talk a bit
about that cat you're urban with a day, a bunch
of other stuff, straight ahead, Chat Benson Show.

Speaker 1 (36:24):
This is the Chad Benson Show, the Chad Benson Show.

Speaker 2 (36:54):
We haven't done this for a while. And somebody said,
are you ever going to bring this back? And I said,
you know what, absolutely going to bring this back. And
I thought, why not started here? These are stories that
we didn't get to this week, even though we had
a chance. There was just so much stuff happening. It's
called the wheel of surprise. That's where I spin the wheel.

(37:17):
I know these stories, there's audio attached to them. I
just don't know which order they're in. And it's a
surprise to all of us. Let's get to it number four.

(37:37):
I'm not surprised, but I got the call. I got
the call. I got the call.

Speaker 22 (37:42):
The UFC high ups called me, you know, big names,
and they said, Sean, I gotta apologize, but you're not
as Raeli enough to go to UOC two fifty Israel
edition the White House in it Cleario. And I'm not
really surprised, you know, I'm not.

Speaker 2 (37:59):
Really a surprise.

Speaker 22 (38:00):
So you know, I think moving forward, I would like
to just apologize to Israel. I'd like to say I'm sorry.
You know, I'd like to apologize to Trump, and I
just want to prove that I'm Israeli enough for you
guys like.

Speaker 20 (38:16):
That.

Speaker 2 (38:16):
Right there is Sean Strickland, who apparently is he has
said some stuff that is controversial. He was an avid
supporter of Trump, and he is now not going to
be invited to the White House for the UFC fight.

(38:39):
And you know, this guy's got a lot of controversy.
Is he in Nazi? Is he not a Nazi? But
he's saying the reason I'm not coming has all to
do with Israel.

Speaker 22 (38:50):
Oh for instance, you know, whenever the list like disappeared
and Trump goes out there and says to everybody that
that he can't really go into it because people that
by association will get proxecuted and like their names will
be tarnished. I want to apologize because you know, I
don't want them to be prosecuted or you know, when

(39:12):
Trump goes and bombs afore rand that no Americans agree with,
they cost Americans five to fifteen thousand dollars to go
fight Israel's war. I want to apologize.

Speaker 4 (39:23):
Sorry, I've been a critic of that.

Speaker 22 (39:24):
You know, my allegiance was apparently in the wrong place,
and I just want to apologize.

Speaker 2 (39:33):
Not happy about this. Very interesting though, because again we
talked about it, and we'll talk about a little bit
more later. The whole thing with the UFC fight I
find to be bizarrely fascinating in a weird way, because
I find this entire situation.

Speaker 20 (39:49):
To be.

Speaker 2 (39:52):
Insane. Fascinating that people are on board with this insane
that we're doing it, because why are we doing this? Well,
because what's it for? It's the bread and circus thing.
Give them bread and entertain them, and have you seen it?

(40:14):
It's just there. There's just something about to me, again,
there is something about the office that says, this isn't
what the office should be about, and we shouldn't be
holding these fights. And I'm a fan of UFC, but
on the White House lawn, just that's me. That's me.

(40:36):
Maybe you feel different, maybe you're like good totally. It
is called the wheel of surprise. We spend the wheel,
find out what story's next. Number one.

Speaker 9 (40:53):
The Catholic Church just removed an exorcist because of what
he said about UFOs and demons. This story again. Cardinal
Robert McElroy is the Catholic Archbishop of Washington, and he
removed Monseigneur Stephen Rossetti, who is an exorcist for the archdiocese,
after Rosetti publicly suggested that many UFO sidings may actually

(41:17):
be demons. It's not just Charismatic or Pentecostal Protestants, it's
also Catholics. The archdiocese also cut ties with Rosetti's Saint
Michael Center for Spiritual Renewal.

Speaker 1 (41:28):
It was a hardbreak.

Speaker 9 (41:29):
Rosetti said in a video that demons like to hide,
that they can manipulate people toward evil, and that it
is his personal belief that quote many, if not most
UFO sidings are demonic.

Speaker 2 (41:44):
Oh It's very interesting that because I got dragged into
this conversation the other day, and I don't know why,
somebody kept sending and tagging me into my O the
co host and host into this thing about they're not aliens,
they're demons. They're not aliens, they're demons and all of this.
It's just such a bizarre situation. But this guy comes
out and says it, and then the Catholic Church is like, oh.

Speaker 9 (42:05):
God, mckelroy, the cardinal said these comments undermined the church's
precise teachings on demons, the devil, and exorcism. So 's
basically the Church is saying slow down on all the
demons and UFOs talk. And we've been talking about it
because this aliens are demon's idea has recently moved out
of prophecy podcasts and charismatic internet spaces into the mainstream conversation,

(42:29):
including the New York Times, and it works because it
gives people a total explanation for UFOs and government secrecy
and in times anxiety, it wraps all of that up
into one supernatural storyline. But even the Catholic Church, which
does believe in demons and exorcism, is now saying y'all

(42:51):
hold on a minute, Like, even if demons exist in
Catholic theology, and they do, you can't just make them
a shortcut for everything you don't understand.

Speaker 2 (43:00):
Yeah, well that's what they do. I mean, that's kind
of the jam because there's so many people out there
that are trying to make really to understand, to make
a way for them to understand the things they can't understand.
So it's just easier to go it's a demon, it's evil,
it's all of the things. Because if it isn't and

(43:20):
it goes against our potential belief structure, uh oh, what
happens then? So they're trying to figure out they just pivot.
Everybody just pivots, which is, you know what man does,
especially when it comes to ideology and things of that
nature and belief, tribalism. It's the wheel of surprise. Number three.

Speaker 23 (43:54):
One of the oldest societies in the world now struggling
to stay young, Japan's fort till rate falling to a
record low in twenty twenty five, according to new government data,
dropping for the tenth year in a row, with about
six hundred and seventy thousand new babies last year compared
to a million and a half deaths. The country's population

(44:15):
isn't replacing itself, the Prime Minister saying recently the crisis
is her top priority.

Speaker 24 (44:20):
In oh You recognize that Japan's biggest problem as population decline,
some researchers warning that if things don't change, its population
could be cut in half by the end of the century.

Speaker 23 (44:32):
Japan's rapid aging is profoundly changing its economy and society.
The market for adult diapers now bigger than for baby diapers,
multiple companies told Reuters two years ago. Many seniors live
alone and struggle to access full time care. Thousands end
up in jail. In twenty twenty four, those over sixty

(44:52):
five made up more than thirty percent of all female inmates,
the majority of them caught for petty theft, according to
government and statistics.

Speaker 2 (45:02):
I want you to think about what you just heard there.
It's crazy. First not to skip over it as fast
as we went through this, but adult diapers in Japan
out sell diapers for newborns. Think about that. How crazy
is that? And we've heard stories about this in South Korea.

(45:23):
It probably is worked in South Korea where they talk
about they have maternity wards that haven't had a baby
in it for weeks and months. Then you think about
the fact that their aging population is already starting to
be taken care of and entertained by robots. And then

(45:44):
on top of that, the makeup in jails is of
older people, which is crazy. Elon, but not just Elon,
but a lot of other people have out there have
said the biggest risk to our society, not just ours,

(46:05):
but Japan like the modern societies, is what, oh, it's
it's not a plague, it's not any of those things.
It is the fact that we aren't producing children, and
Japan and South Korea in a bad, bad way. And
the difference between them and say us, because we would
look similar if it wasn't for the fact that we
have so many people that want to come to America

(46:28):
and we are so open in allowing that to happen.
That gives us an upper hand when it comes to
at least trying to stay somewhat on par with where
we need to be, because we're still way behind.

Speaker 23 (46:44):
This trend bubbling for decades in Japan, maybe a sign
of things to come around the world. Almost all countries
in Europe and much of South America now have fertility
rates too low to keep their population steady, even China
seeing a year's long population decline, all getting the attention
of the world's richest man. Elon Musk part of a

(47:06):
growing pro natalist movement.

Speaker 2 (47:08):
I think if for most countries view the birth rate
as as the signal bing's problem they need.

Speaker 25 (47:14):
So.

Speaker 23 (47:15):
The US fertility rate also falling to an old time
low in twenty twenty five, with less than half of
adults under thirty saying having children is important to them,
jaded for a host of reasons, including concerns about the environment.
Something we've covered.

Speaker 9 (47:30):
Ay not share that we're gonna have kids because we
don't want to bring our kids into a world like this.

Speaker 2 (47:36):
And let's not forget cost, you know, I mean, we're
joking about like what we saw yesterday and talked about
yesterday with Avanka Trump, and then buying an island and
life becoming more expensive. And as we joke about those things,
think about the younger generation, right, whether you've got the

(47:57):
boomers and everybody who are out there talking about how, oh,
you know what, you need to just deal with stuff
being a little bit more expensive because of all these
things happening. And then you wonder why there's no no kids. Well,
you know what, if you're that concerned about the fact
that we are producing in this country, life is too
damn expensive. They could barely keep themselves afloat, let alone

(48:21):
thinking about having a child to bring into it. And
then you're throwing all the other stuff to people worry about,
and well that's not a winning recipe right there. Three two, three, five,
three eight, twenty four to twenty three at Chad Benson
Show is your act, your Insta, your YouTube and everything else.
Love hearing from all of you. Coming up a little
World Cup talk. But first, Omaha Steaks delicious, amazing, incredible,
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for details. Chad Benson Show.

Speaker 1 (49:49):
You're listening to the Chad Benson Show.

Speaker 2 (49:52):
Six days and counting seven days from today. What are
we talking about? The World Cup? But days until it
officially kicks out. It's the world's biggest sporting event and
it's coming to America. It's time to talk. Would come?

Speaker 4 (50:12):
Oh how about that La Perrera? What are the rights
sharia right across too?

Speaker 11 (50:25):
We haven't been able to control the play in midfield
way that Maradonat has been able.

Speaker 26 (50:29):
To do it.

Speaker 20 (50:30):
They's hard to be able to go.

Speaker 23 (50:37):
So all the Montiel can win the World Cup for
ARGENTINAA with this kick?

Speaker 2 (50:42):
Yes, Oh, six days and counting. South Africa. Mexico kicks
it off next Thursday. The United States gets underway on
Friday in Los Angeles. This is going to be interesting.

(51:05):
We're going to break down the chances of the US
and really all the teams next week, how far we
think they'll get. Some of the stuff though that is
going on is obviously people are still worried about the
cost understandable. Some of the other things that are also
on people's mind is the security. And there's no doubt

(51:26):
there's an issue or two there that I also worry
about when it comes to the security because of how
big this is. I mean even you know they're talking
about the getting into Madison Square Garden and the next
couple was it the third game. I think Trump's going
to you know, it's crazy, it is we have to
have this much security, and unfortunately, in this world we

(51:48):
do this. John COHENI is a former Department of Homeland
security specialists, talking about the security at these games, how
hard it's going to be, but also the resources.

Speaker 27 (52:01):
The resources that have been available at the federal levels
to prepare for this game have either been done away
with or reassigned to focus on other areas or we're
impacted by the shutdown.

Speaker 2 (52:13):
Yeah, probably for the arch too, and a bunch of
other stuff. Oh chat, how could you say that? Just
a few days until it gets going. I am pumped,
and yes, we will be covering it all right here
in the Chad Benson Show. What's it like in Mexico?
What's it going to be like in Canada? As far

(52:34):
as their resources and the money they're spending to protect
and are they worried about anything? But it's on. It's
here that teams are here, and we've got as far
as the US goes. We have one game left of

(52:57):
friendly against Germany tomorrow and this will be the last
game until Friday night when we play Paraguay to open
up the World Cup. I was telling Jim Kennedy last night,
I'm surprised we're playing Paraguay in Los Angeles, And I

(53:18):
know this sounds weird, but you know there is going
to be you know, Australia, you play with LA, you're
gonna get a vast majority of the crowd is going
to be US fans. But when you play any South
American teams, right, any Latin American teams. Put it in
Columbus Ohio right, put it into shoe, put it into

(53:41):
place where you know that it is going to be
about the US crowd absolutely. Now, you're still going to
get a lot of people from other parts of the
globe who are at these games. Some of them are
there they just want to see a game. And then
you're going to find a lot of fans are going
to travel from many of these countries. But you want

(54:03):
to give your team the home field advantage because you're
hosting it. I'm just putting that out there, putting it
out there. Let me know what you guys think. Three two, three, five,
three eight, twenty four, twenty three at Chet Benton Show
is your extra and so coming up Zach Abram, Chiefvestment Officer,
Board Capital, Chat Benson.

Speaker 19 (54:18):
Show, then Chad Benson Show, The Chad Benson Show.

Speaker 2 (54:43):
It is that time of the week. Talk to everybody,
Zack Abram, Chief Vestment Officer, Board Capital. We were off
the air just talking about the end of Rome, which
feels a little bit like us at this moment in time.
Who's excited for the UFC fight on the grounds of
the White House. That's all I have to say. Let's
talk about you got it really not an awesome theory

(55:03):
you've got. You've got the real understanding what's going on
with oil because everybody's trying to figure out. We hear
all this stuff about oil, why isn't oil up in
the one twenty range? Even on paper? You you know
what it is? What is it?

Speaker 4 (55:17):
Well?

Speaker 28 (55:18):
So I look, I think that we've got a good
given the data that we've got, I think that we've
got a pretty good understanding of what's going on. So
there's so much talk about markets and all that kind
of stuff, And I'm very careful when I talk about
this because when anytime somebody looks at you regarding a

(55:39):
market price on oil and tells you this is where
it should be. And I know this, and I know
that there's even the famous tea Boon. Pickens would never
like officially tie his name or tie his name to
a oil projection because it's so hard. There's so many factors,
and people do not understand how the timing of shipping

(56:00):
can change, right just like weird.

Speaker 2 (56:02):
Like for instance, this is how weird it is.

Speaker 28 (56:04):
Last week you have a massive draw of US inventories, right,
it was sixteen and a half million barrels if you
include a spr plus commercial storage, right, and in that
same week, distollate inventories went up. Okay, so under the
surface that means nothing because what that probably meant is
the day before they measured, a distolate delivery got dropped in.

(56:26):
But I use that as a point to say that, like,
if you take a snapshot at any given time of
any market, but specifically something as complex as oil, you're
bound to get some false positives.

Speaker 20 (56:36):
Right.

Speaker 2 (56:37):
So I say this with all.

Speaker 28 (56:38):
The humility in the world, but there's some very interesting
things going on. So a we know why the paper
price is here. And when I say that, all you
need to do. And you know what, if people want
to hop on, I'll remember to do this this night.
I'll post this chart on my Twitter feed at KYR
Radio so people can see it. But what it is
is the price of the oil futures markets, and overlaid

(57:01):
on top of it is every announcement Trump made about
you know, negotiations are going good, We're going to have
this solved.

Speaker 2 (57:07):
In two to three days.

Speaker 28 (57:08):
And what you see is every single price decline happened
when it was moving parabolic and then boom came at
one of those announcements. I'm talking to the minute. Okay,
so when you look at the chart, and very rarely
will a chart give you this as much information, But
it's mechanical, meaning you can look at the chart, look

(57:29):
at the timing of those announcements, and you go the
price is here because of those announcements.

Speaker 2 (57:35):
It's manipulating the market as best that he can to
try to control some of the price explosion. Yes, yes, and.

Speaker 28 (57:44):
I don't like the fact that he's being disingenuous about it,
but you do need to try to hold the price
oil down.

Speaker 2 (57:49):
I understand it's a geopolitical thing more than it is
a trade thing, one hundred percent.

Speaker 20 (57:54):
Yeah.

Speaker 2 (57:55):
So, but what I'm saying is the chart tells the story.

Speaker 28 (57:58):
If you want to know why the price is here,
it's because it's been talked down.

Speaker 2 (58:01):
Here they're just full, full stop, right.

Speaker 28 (58:04):
But then there also isn't that we haven't seen the
and even I've been surprised by it. We haven't seen
the level of acute shortages that we would have thought
we would have seen at this point. Well, as you
dig underneath the surface, what you see as China has
effectively exited the market.

Speaker 2 (58:20):
They are not buying oil.

Speaker 28 (58:21):
China produces about four point three billion barrels a day domestically,
they've got domestic demand just Shia seventeen million. So effectively
they had to be in there purchasing thirteen million barrels
a day. Right, that number is pulled back to like
six five or six million, so a huge And so
that's a pull off of global demand right there, of

(58:42):
seven eight million barrels a day. That's massive, massive, Right,
that's that's almost three times the amount of disruption that
Russia and Ukraine had, right, they disrupted about two and
a half percent of global oil flow. China's pulled their
own demand back by about eight or nine million barrels
a day. Okay, So and they're using their massive spr

(59:03):
to take pressure off of other places. So then the
next question is and one of the reasons I had
pushed the idea that China was helping away is because
China's never stepped in and tried to insulate us from
something that would make us look bad. Right, They've never
done that. They've been oddly quiet. There have been no

(59:23):
snarky tweets out by their people. It's been very quiet.
And they're giving oil to other people, which is undeniably
an assist to us.

Speaker 2 (59:33):
That's not a helped Iran, that's a help to us. Right.

Speaker 28 (59:37):
Well, remember when this started, well about three weeks in
and we realized we didn't have enough missiles. Remember where
we started pulling those missiles out of Southeast Asia.

Speaker 2 (59:47):
You what else we did?

Speaker 28 (59:49):
We paused the delivery of weapons systems to Taiwan.

Speaker 2 (59:52):
You what else happens?

Speaker 28 (59:53):
Trump went and visited z In in China and came
back singing a completely different about Taiwan. If you go
back and listen to the answer somebody asked about look,
Taiwan's thousands of miles away. You know, he he was
as non committal to the defense of Taiwan then he's
ever been. Okay, So I put those two and two,

(01:00:16):
I pull out my Okham's razor right and look at it,
and I actually think it's pretty smart. But I think
they went and kind of deal with thai with China
and said, look, if you'll help us ease the pressure
on the oil side.

Speaker 2 (01:00:29):
Of things, we'll back off Taiwan.

Speaker 28 (01:00:31):
I pulled them up, we'll pull them up, We'll pull
missile systems out of Southeastern Asia.

Speaker 2 (01:00:35):
And people go, that isn't well, that's not that big
a deal.

Speaker 28 (01:00:38):
And I'm like, guys, missile systems encroaching on borders is
why Russian and Ukraine are effect That's.

Speaker 2 (01:00:43):
Why they're at a war. That's a big deal.

Speaker 28 (01:00:45):
And if you don't think Beijing wanted those gone, you're
out of your mind, right, So yeah, I think I
think we had a day tent with China and uh,
I think that's I think that now it is there
still an oil short?

Speaker 20 (01:01:00):
Yes?

Speaker 2 (01:01:00):
Are we still going to see higher oil prices?

Speaker 28 (01:01:03):
I don't see how we don't, But I think if
if that, if that me reading that is correct, and
if China stays cooperative, I do think that them being
involved can help us avoid the worst case scenarios of
one hundred and seventy hundred and eighty two hundred dollars
type oil. Now that being said, it's still like even

(01:01:26):
the limit, like we can't do this yeh year and
a half, you know, no, And that's that's one of
the tough things is you could do it for a
year and a half if it was five or six
million barrels, but at the end of the day, there's
still twenty million barrels of disrupted flow, right.

Speaker 2 (01:01:40):
And so it's going to catch up eventually.

Speaker 28 (01:01:42):
But I do think looking at the way this is
played out in the role that China's made, and I
just I know, we cut a deal with China. Otherwise
China would sit back, they'd cap oil prices domestically, they'd
keep buying in the market, force the price of oil
up and make Trump own it then, and they'd go
around with their spr and be the guy in a
white horse, you know, helping countries out. And that would

(01:02:05):
be a smart move on their part. They're not doing that.
They're helping us, right, what do you and I know
about China? They ain't doing it for free.

Speaker 2 (01:02:13):
No, there's no. They're not doing this as some ultruistic
thing we're saying. They're helping South Korea, they're helping Japan,
places that normally they're not super pals with. There's a
reason for these things. It's the mob, right. They're worried
about the giving you stuff for free. They're worried.

Speaker 28 (01:02:32):
Look the party of Mousey Dung that star forty million
of his own people to death. They're worried about the folks, right,
that's he is. He's a humanitarian above all things.

Speaker 2 (01:02:42):
Yet totally right, he is, Oh, you can tell they
got that guy needs a peace award. No.

Speaker 28 (01:02:48):
Now, the one thing I do have to say, though,
is you that's a smart move, like on our on
our part. And the other reason why it's well, while
I'll say it's smart, and I've been very critical of
the administrator, the other reason why I say it's smart
is that's really low hanging fruit. Meaning if China wanted Taiwan,
we were never going to go in there. Now, we
weren't going to start World War three over defending Taiwan.

Speaker 2 (01:03:10):
We just weren't. No, we weren't.

Speaker 28 (01:03:12):
And so I think to offer that up. But that's
the biggest reason. Now here's the catch. The catch is
that China's still trying to manage their own spr because remember,
their SPR is so much more critical than ours. Yes,
we could probably get by without one. I mean, it
wouldn't be smart. But why it's because fourteen million barrels

(01:03:35):
of domestic production, we probably need to build a couple
new refineries. But then we've getten the CA we're getting
oil from Canada, and now we've got Venezuela flows we're
getting it from Mexico. We're in a completely different I mean,
just look at the difference right there. We're at thirteen
sixty five percent of our daily consumption. Is now we
can't use our domestic production here because our refineries were

(01:03:57):
built for darker, heavier crude. But we can swap ours
with other people, right, it still counts. And so you know,
but thirteen and a half fourteen million barrels a day
versus twenty two million barrels of production. They're at seventeen
million barrels a day and demand at four point three.
So oil is a completely different deal to them, right.

(01:04:18):
They cannot source even a serious chunk of their oil domestically,
so they've got limits to The question is how big
is their spr estimates anywhere from when we started this
out or between one to two billion. Most estimates are
in the lower ones. But bottom line is they can
keep this going for a while. But what even they're doing,

(01:04:38):
and a lot of other people are doing, is they're
starving out the chemical side, which makes sense, right, You're
going to prioritize oil usage. Yeah, Maritime fuel is more important,
Bunker oil is more important, jet fuel, gasoline, that's where
it's being dedicated. So one of the things that we
thought would be a really good investment because of this.

(01:04:59):
Is would be the chemical companies. They're up a good
amount already, but they've been pretty muted when this is all.
This is not a recommendation for anybody, but because of
the China involvement in the way this is all going down,
you may actually see more explosive upside to the chemicals
and the companies that make them than you actually see

(01:05:20):
on the crud side of this.

Speaker 2 (01:05:21):
That would not surprise me if that was the case.
Talking to Zach Abraham, Chief's an officer board Capital Uh,
what do you think oil, Let's just let's say that
China's like, all right, we're done. Now we've got to
do some What does that do? Because if we go through,
as Trump said, there's a good chance this is going
to go on until at least Labor Day. At some

(01:05:45):
point in time, the reality, like you said, we're gonna heat,
We're gonna hit bottom. We're going to see bottom. We're
going to remove any opportunity for us to escape. The
worst case scenario, it's going to land at our feet.
What does that look like? We talk of one point
fifty realistically, even with all that China's done.

Speaker 28 (01:06:04):
Uh, well, that's it's hard. It depends on what China's
pushing it. It depends on how much they're cooperating. When
I look at the shortages and the storage levels. Hey, look,
what I know is that when the heads of Chevron and.

Speaker 2 (01:06:24):
Exxon talk about this.

Speaker 28 (01:06:27):
To me, I will listen to them above any intelligence officer,
anybody in the government. And the reason why is not
because of they're omniscient. It's because they are totally vertically integrated,
meaning internally they've got business from the well to the pump,
to the store shelf right to everything, Meaning both those

(01:06:50):
companies are completely vertically integrated. So there is nobody on
planet Earth that has a better pulse of the way
oil is moving around the world and the way distillits
are getting produced. Then the heads of Chevron and Excellent
full stop, when and what those guys said engendered them
made them, didn't engender them at all, right to the administration, right,

(01:07:13):
and those guys do not want to say anything that
you know, like any CEO, you don't want to make
an enemy of the current presidential administration that's in office.
So those guys, like we were talking about off air,
they were saying one sixty one seventy. It's really hard
for me to look at this situation and not see
us getting out of it without oil at least spiking

(01:07:35):
to one thirty one fifty at least once.

Speaker 2 (01:07:38):
But that's all based to me off China.

Speaker 28 (01:07:41):
At any moment, if China were to step back in
the market and start buying let's say even ten or
eleven million barrels a day, typical buy for them is
about twelve twelve and a half million a day, So
let's say they started buying nine to ten, I think
that alone would push.

Speaker 2 (01:07:56):
Oil up to one thirty one forty zek ky Ram
chief as an officer. Tell everybody how they get hold
of you?

Speaker 28 (01:08:02):
Yeah, man, Bullworcapitalmanagement dot Com, or you can go to
our podcast on YouTube just search to Know Your Risk Podcast.
We'll put thirty to forty minutes out per day explaining
all the important stuff that's gone on in finance and
economics and how it ties into politics and try to
put a wrap a ball on that daily.

Speaker 2 (01:08:16):
And yeah, we're not hard to find.

Speaker 28 (01:08:17):
Know your Risk podcast Borcapitalmanagement dot Com?

Speaker 2 (01:08:20):
Right not brother, good talking? He will do it again
next week. Sounds good man, Thanks for having me love
talking to Zach. We'll have a video up later on today.
We talked about a lot of stuff last night, about
all kinds of stuff. So if you have a chance
to check out our video beyond the YouTube and it's
just fascinating. The whole thing with China is fascinating. Let
me know what you think about that. We love hearing

(01:08:41):
from all of you speaking to Bulwark. Why not talk
to him, you know we I mean you just hear
Zach there, He's amazing. It's absolutely free. They have a
thing called Know your Risk Portfolio Review. This is where
they walk you through your portfolio, show you all the
things that are going on in your portfolio where maybe
you're at risk, where maybe you're not doing enough to

(01:09:01):
grow to where you want to be. When it comes
to your investments in retirements, what do you have to lose?
Nothing wrong with you in a second set of eyes
when it comes to your retirement right and your investments.
So this is what I want you to do. Go check
out again Know your riskpodcast dot com or Borcapitalmanagement dot com.
Get your free know your Risk Portfolio review from them today.

(01:09:21):
That's Know your Risk Podcast dot Com. Know Your Risk
Podcast dot Com absolutely free for you for my friends
at Bor Capital Management, Investment avinds reserves off with through
Trick Financial LLC and sec Register Investment Advisor Investments VAUL
risk and out of guarantee. Past performance is not guarantee
future results. Treek two six one oh three. This is
the Chad Benson Show.

Speaker 4 (01:09:52):
If you like talk.

Speaker 1 (01:09:53):
Radio like Chad Benson likes his meals, You've come to
the perfect place for takeout.

Speaker 2 (01:10:01):
Let's have a little fun. Let's learn a little bit,
shall we? Each and every single day at this time
we like to give ourselves a little bit of a
treat by learning a word. I remember when I was younger.
I used to go and you pick a word out
of thesaurus, you know, dictionary, something like that, and you're like,
I'm going to learn the word of the day. It's
the same concept. The difference is this is about the

(01:10:23):
urban words of the day. Now it's time for the
urban word of the day. The young have a vocabulary
all their own, and we break it down for you.
It's called the urban word of the day. All right,
today's urban word. You want to go somewhere cool, right

(01:10:48):
for the summer, maybe for the winter. You don't have
a lot of money, and instead of saying it a chateau,
you're going to stay at the shakta. A couple buddies
of mine at work, younger kids, they're going away this
weekend and I was saying, where you're going there? Like

(01:11:09):
our friends got a little cabin and they said, it's
a shaktau and I said, what they go? Yeah, the
place that they're going is kind of a Shieshi place,
but their place is not chies It's more of a
lean to than anything else. Oh, kids, shaktau is your
urban word of the day.

Speaker 4 (01:11:29):
That was the urban word of the day.

Speaker 2 (01:11:32):
Now you know, always good to know. Indeed three two, three, five,
three eight, twenty four twenty three at Sheadmanton show is
your ex and Insta. I was talking to several people
yesterday about as we joked about the amount of money
that's going to be poured into this Albanian private island

(01:11:54):
for Jared Kushner in Ivanka, and that's how we kind
of got on the subject of the shaktau and theirs
is not a shack tow. There will be a full
grown private island with the chateau, if you will, and
some of the anger some people out there is, Oh,
you're just jealous. No, I'm again. I continue to say it.
It's about reading the room, kids, reading the room. That's

(01:12:15):
what we try to do here on the Chad Benson Show.
Coming up, last hour of the week. What's trending top
of that. Let us from the Carmelo Anthony trial, the
murder of Austin Metcalf. What is going on with that
jobs report. We'll talk a little bit about that as well. Buddy,

(01:12:36):
Jim Kennedy, Kennedy Institute Public Policy Research, You're going to
enjoy the program. We're going to talk about what's going
on when it comes to the White House in the
UFC fight, which is insane. Plus World Cup kicks off
six days from now. The US starts their campaign next
Friday in Los Angeles and now there may be striking

(01:12:57):
hot dog vendors and we will talk about that. Thinks
Hour numb three is straight ahead chat. That's a show.

Speaker 1 (01:13:03):
This is the Chad Benson Show, The Chad Benson Show.

Speaker 2 (01:13:32):
Jobs, Jobs, Jobs, It's always about the economy, stupid well.

Speaker 29 (01:13:37):
And the data is out the main job Job Jobs
Report one hundred and seventy two thousand, is there any
doubt that this anecdote eleven it's about a good labor market,
has been very correct.

Speaker 4 (01:13:50):
That is a really strong number.

Speaker 30 (01:13:52):
And last month, while we had a revision from one
hundred and fifteen thousand to one hundred and seventy nine thousand,
which means the two month revisions got to be over
ninety thousand, that is a good number. Even manufacturing posted
a seven thousand job gain.

Speaker 4 (01:14:12):
So how strong is one hundred and seventy two thousand.

Speaker 30 (01:14:14):
That would be the best number since one hundred and
eighty five thousand in March. These are solid numbers.

Speaker 2 (01:14:21):
Good that's what we need, solid numbers, solid numbers. We
didn't have a great year last year, solid numbers. But
it's still weird because people feel like the economy is
getting away from them, and you know, we've yet to
feel the full effect of what's going on with oil
and gas and what that's going to look like with

(01:14:43):
all is said and done. But these are damn good numbers.

Speaker 26 (01:14:47):
We're currently in what people are calling a low, higher,
low file labor market. No one's losing that job, that's
good news, but what that means is there's no new
job things for college graduates to go into and so
young folks right now a little hearted than must.

Speaker 2 (01:15:03):
And why that's also an interesting thing is it's one
of the things we've talked about of the stagflation fear,
which is inflation stays high, there's not much growth, but
jobs aren't also being eliminated, and the ones that are

(01:15:25):
right now and we see this is AI So it's
not because of a failure, it's because of people pivoting
in certain ways. And of course, you know, and I
take everything here with the grade of salt, because we
could get out of this war and things could flip
much quicker than we realize, which would be phenomenal. But

(01:15:49):
when you see people out there that work for the
Chevrons and you know, the giant, huge oil companies BP
and whatnot, say, look, even the oils come down a
little bit. The reality is this is going to get
worse and we're going to start to see spikes. Because,
as we've talked about, some of the stuff that hasn't
been talked about is the fact that China has been

(01:16:12):
somewhat of a massive helper in this situation because they
have not bought on the open market like they can
and with them saying hey, instead of buying what fourteen
million barrels today, we'll buy five or six. And also
we're going to tap into our strategic reserve and we'll

(01:16:34):
offer up opportunities for you know, South Korea and Japan
and several others who needed here in Asia if they
would like to purchase from us. But that can only
go on for so long. But that is also help
keep the market compressed. But that can't go on forever.
And so what happens if this hits hard, well, then,

(01:16:56):
you know, if all things stay the way they are,
recession slow down, maybe not so much a recession.

Speaker 26 (01:17:03):
We had a pretty miserable twenty twenty five, but it
looks like the middle or the early and middle parts
of twenty twenty six really suggests that labor markets moving along.
And I think the thing this will really do is
it's time to stop talking about the word recession. Recessions
don't happen when the labor market's mottering along like this.

Speaker 2 (01:17:22):
Which is good. That's what we want to hear, you know,
I mean, that's what we want to hear. Of course,
people say, well, what about is there a bubble? I
still think that there's a bit of a bubble out
there when it comes to the marketplace, stock market. Uh,
and I think that you know, it's not just about

(01:17:42):
the jobs, which are phenomenal, it's also about the wages.
Are wages keeping up with inflation currently right now, that's
the fear of the stagflation where we don't really go anywhere.
Stuff's kind of expensive, wages are depressed a little bit,
and we just kind kind of meander, if you will.

(01:18:03):
But this was great, great, great news, great news. Indeed,
we moved from there to what's going on in Texas
with the killing of Austin Metcalf Carmelo Anthony. His trial,

(01:18:23):
there was lots of chaos outside of the courtroom, but
some other stuff that was interesting yesterday that came out
of it. And you know, remember there's no nobody's inside
of the courtroom as far as cameras and stuff like that,
there's none of that stuff. And people are there, but
there's no the usual you'd see these things covered on

(01:18:45):
the ID channel and True TV, and that's not happening.

Speaker 31 (01:18:49):
Day one in a murder trial of Carmelo Anthony ended
with the testimony of a coach from Liberty High School
who told the jury he performed CPR on Austin Metcalf
and he heard the seventeen years word take his last breath.
No cameras are allowed in the courtroom, but a court
sketch artist captured an abstract snapshot that shows coach Joshua

(01:19:09):
Redman at the stand with a photo of the jacket
he told the jury he used to put pressure on
Metcalf's wound. Lead prosecutor Bill Wirsky physically held the jacket,
now stained with Metcalf's blood, for the jury, eleven women
and seven men, to see up close.

Speaker 32 (01:19:26):
I think that it being at the end of the day,
really left a very strong impression in the jury's minds
as they go home for the night.

Speaker 2 (01:19:31):
It's a long trial.

Speaker 32 (01:19:32):
There's to be a lot of twists and turns. But today,
if you heard asked me, I would say the prosecution
scored some pretty big points.

Speaker 31 (01:19:39):
Todd Shapiro is a trial attorney who is here as
a court observer. He is not involved in the case.

Speaker 2 (01:19:44):
It's very interesting and that leaving, you know, we always
talk about like leave on a good right. When we
do a show, we leave on a good talked about
it before you watch golfers.

Speaker 20 (01:19:56):
Right.

Speaker 2 (01:19:57):
The last thing they want to remember is missing a
thre ree footer, you know, and poking the last hole.
Even though yeah, they made their last butt, it was
not the last butt they needed to make. And they're
going to have that with them in their minds. This
is that these people are going to go home. What
are they thinking about that last image, that last you know,

(01:20:17):
a piece of evidence that they saw that's going to
be sticking in their mind.

Speaker 31 (01:20:21):
One of the most powerful moments of Thursday's testimony was
the nine to one one call made by a fellow
coach from the track meet that day. The chaos and
screams were heard in the background as the nine one
one dispatcher is instructing the coach on what to do
until AMTS arrived. You also hear redmen in the background
performing life saving measures, pleading stay with me, Austin, Stay

(01:20:44):
with me, Austin, and again, come on, Austin, Come on, Austin.
Redmand is a former Army veteran. He testified that when
Austin began gasping for air, his training kicked in and
he knew the outcome was grim.

Speaker 2 (01:20:58):
I thought it was incredibly powerful.

Speaker 32 (01:21:00):
One of the most powerful moments I can recall and
trials that I've had of hearing something like that and
listening to the reaction of the people around the young
man that is losing his life right in front of
their eyes.

Speaker 2 (01:21:14):
Yeah, that's it sounds like. And like I say, this
all gets wrapped up at the end of the day
and that's when we get the information. So you know,
we'll have more information, you know, because it's not like
you're watching this like you would normally. So it is
powerful though, you know, the images, listening to the phone call,

(01:21:34):
all of that stuff that place that time and what
took place.

Speaker 31 (01:21:37):
Witness is told police met Kevin Anthony got into an
argument when Anthony sat underneath the Memorial High School tent
met Cav's school. Anthony was a student at Centennial High School.
Robert Starr, a coach for Memorial, testified that school tends
are similar to a team bench in other sports and quote,
you just don't go into someone else's tent uninvited. Start

(01:22:00):
choked up several times on the stand when he describes
seeing Metcalf's face turned purple. He also told the court
he prayed with Metcalf's twin brother.

Speaker 32 (01:22:08):
They're very important to you know, painting that picture and
drawing making that story for the jury, so they connect
with it.

Speaker 2 (01:22:16):
And so you think about the tent side of stuff
and the way that the defense has approached it is, well,
in the past, have players and participants if you will,
I don't know where you think on players in the
track and field, you know, gone into other people's tents. Yeah,

(01:22:38):
probably were they invited? That's one thing, right there? Were
they invited? And they also then tried to frame it
as a situation where well, what if the weather was
really bad, could and there was rain earlier in the day,
could the elements force somebody into another tent because they
didn't have a tent? Okay, some of those things may

(01:23:02):
be absolutely true. But why did you bring a knife?
I mean that's the big thing. Why did you bring
a knife? Why do you have a knife at a
track mate?

Speaker 31 (01:23:13):
Durors also heard from a video forensic analyst and saw
multiple angles of surveillance video from the stadium. Anthony, now
nineteen years old, appeared to watch several angles of surveillance
video that, although grainy when zoomed in, it shows the
attack and Anthony running away. Thursday morning, both sides laid
out their case to the jury. The prosecution said Metcalf

(01:23:35):
was stabbed in a sneak surprise attack, calling the act
a senseless murder. Defense attorney Mike Howard painted a different picture,
saying Anthony, seventeen at the time, acted out of fear
for his safety and said the stabbing was in self defense.
One thing Howard did not bring up was the knife
Anthony brought with him, and that stood out to Shapiro.

Speaker 2 (01:23:57):
Why did he have the knife?

Speaker 32 (01:23:58):
And I'm sure a lot of people wanting to know
the same thing, but it was interesting to me that
he didn't mention anything about that during his opening statement.

Speaker 2 (01:24:07):
Yes, and that's going to be the I mean that right.
There is a kazillion dollar question. Why do you have
a knife at a track meet? Why did you bring
a knife to a sporting event? Why did you do that?
Were a Are you that threatened? Are people threatening to
kill you? Because let's be real, if that's the truth,
that you are living in a world of fear where

(01:24:27):
you could be jumped and or stabbed, shot, whatever it is,
at any moment in time, maybe track you should talk
to your track coaches and not participate at that moment
in time. If it's that bad. If it's that bad
that you worry about something like that. So we'll have

(01:24:50):
more on this in Monday. And the country's watching and
it's becoming an issue obviously of race being thrown into
this because it helps the algorithms, gets the likes, gets
the clicks. I see the kid who died and another
kid whose life is completely ruined and altered and family's damaged.
Let me know what you think. Love hearing from all

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Code Benson seaside for detail. Terms may apply. Chad Benson Show.

Speaker 1 (01:26:28):
You're listening to the Chad Benson Show.

Speaker 2 (01:26:31):
Now it's time to find out what's trending.

Speaker 13 (01:26:34):
What's trendingteing James Dean, Norway, Oman, Pakistan, Qatar, Russia, sera,

(01:26:55):
what trupping?

Speaker 2 (01:27:00):
All right, it's fine. I was trending on the old
Internet on this Friday. Start with Yahoo DC Planning Commission
reviewing Trump's arch it's never ending with him, never ending.
SpaceX IPO one hundred and thirty five dollars, so record

(01:27:24):
seventy five billion dollars listing. Not quite sure how that's
going to work. We talked about it last hour. Data
Center Trending Susan Collins earns bipartisan praise after ten thousand
consecutive vote. Think about that as opposed to was that

(01:27:45):
Tom Kaine Junior who nobody has seen since I don't
know March, which is crazy. Over to magical world of
Google and one trending thing right now James Handy character
actor top Gun Jimanji killed by I think a step

(01:28:06):
son Mexico, Serbia. It's a warm up to the World
Cup France Ivory Coast World Cup. I knew it, I
knew you, Taylor Swift, that's the song that is going
to be I guess the song for toy Story five
Disclosure movie trending, Spain and Iraq another World Cup warm

(01:28:27):
up movie, Milania Trump trending, Aaron Judge trending as well,
Chris Pratt All things trending, and finally over to the
magical world of X Masters of the Universe trending. Ashley
sink Claire, former MAGA influencer who is a baby mama

(01:28:51):
to one of Elon's offsprings. I think that's the way
you call them off springs. Is this the one with
the numbers? But she has turned down a forty million
dollar NDA offer if you're missing the grab the podcast.
We love hearing from all of you. And now you
know it's trending on the internet radio on the Chad
Benson Show, Pete Hegseth arrives in Paris for D Day

(01:29:13):
anniversary eighty second. You know, if it was me, it'd
be double D Day. Oh geez. Austin Metcalf trending as
well at Vonka because of the whole thing, Because of
the whole thing, Yes, with the island. Meanwhile, another thing
that was trending is Graham Platner, the Oyster fam who

(01:29:34):
is running to in the Democratic primary in Maine in
hopes well and will win for the most part in
theory on Tuesday. But he's got a lot of baggage,
and that baggage is growing, and he knew there'd be
more out about him, and lo and behold, guess what

(01:29:56):
is out about him? A new expos in the New
York Time with some women who have some house we
said this unsettling things to say about old Graham.

Speaker 6 (01:30:06):
There Some of the most damning accounts came from one
woman from Virginia who dated Plattner from twenty thirteen to
twenty fifteen, and she told The New York Times that
in one alleged encounter, during an argument, he twisted her
arm behind her back, shoved her into a bedroom, allegedly
held the door close so that she couldn't get out,
telling her allegedly that she could leave when she was

(01:30:29):
quote unquote calm. ABC News is not independently verified this reporting.

Speaker 2 (01:30:35):
No doubt it is. It's very interesting to see what
happens here because they're trying to figure out if they
run away from him or not. We will find that out,
I'm sure in the coming days or so. If you're
missing the show, make sure you grabbed that podcast or buddy.
Jim Kennedy joins a program to talk about the World Cup.
Next Friday, US kicks off in Los Angeles. Will there
be anybody there to serve hot dogs?

Speaker 19 (01:30:55):
Chat Benson Show, Sun Chat Benson Show, The Chad Benson Show.

Speaker 4 (01:31:22):
It is that time of that week.

Speaker 2 (01:31:23):
Talked to our goodbody, Jim Kennedy of the Kennedy instead
of Public Policy Research Harpy Friday. All right, Jim, it's
an old saying, right, you know, and give him bread
and give him the circus and they're gonna have the
UFC fights. I have to be honest, I find this
completely absurd. I you know, there's something about the the office,

(01:31:49):
whether you like Trump, you hate Trump, Biden, Bush, Obama, whatever, Clinton,
that there's just something about the office that should make
it's special. And I feel like, what the hell are
we doing? Man?

Speaker 20 (01:32:06):
Yeah, I can't say that I'm the world's largest fan
of this to tell you that, even when the idea
was first approached, I was not a huge fan of it.
That is absolutely sure. I'm kind of curious on the
security aspects of letting people onto the White House. It's
on the White House ground, right right.

Speaker 2 (01:32:23):
I mean that's my thought. Is a guy who's been,
you know, close to being assassinated on more than one occasion,
that you're thinking, hey, you know'd be a good idea
to bring a whole bunch of people here to the
White House.

Speaker 20 (01:32:36):
Yeah, I let them onto the ground within one hundred
yards fifty yards of the of the actual White House itself.
I'm sure there will be you know, absolutely insane security involved.
But still you're giving a lot of all opportunities. And
I would guarantee you the Secret Servers was not pleased
by this idea. Regardless of who runs it. They could

(01:32:57):
not be happy about this because this is going to
be a very difficult situation or situation for them to
make sure it will be secure. Because Trump's gonna be there.
He's gonna be doing the walkout stuff. He's you know,
they're gonna have all he's gonna be in front of
every where he's gonna have you know, he's gonna be
standing out there, and I don't know there'll be clear
sight lines, you know, to various spots.

Speaker 2 (01:33:17):
For well, there's two hundred and fifty people invite only
inside of there, but at the Ellipse Park right across
from the White House, there's gonna be eighty five thousand people.

Speaker 20 (01:33:25):
Okay, i'd heard eighty thousand. I didn't know if that
meant on the grounds.

Speaker 2 (01:33:28):
Well still, I mean, but you're you're one hundred or
two hundred yards away. Again, it's just such a weird thing.

Speaker 20 (01:33:37):
Yeah, No, it absolutely is. And and I again I
can't say I'm the world's largest fan of it, amount
a huge UFC fan. I mean doesn't mean that that's
not a reason that they shouldn't be able to do it.
But so, yeah, there is some I don't know if
dignity is the right word of the office, but there
is some stature that comes with the office. We don't
really think of that, you know, type of thing happening
on the White House ground. I mean, we have an

(01:33:58):
egg roll every year and and things like that, but
I don't think of a of a commercial event occurring
on White House grounds. I can't say that I'm a
fan of that, And I don't care if another president
would have done it either, I would, you know, I
would not be a fan of it. Of it either
just doesn't make a lot of it doesn't make a
lot of sense. I mean, it's two hundred and fifty.

(01:34:18):
We only do this once, obviously, but still I think
there was way, you know, they just hold the whole
thing across over in the Ellipse Park rather than having
it on the White House grounds. And again I can't
see from the security aspect, why why that, you know,
why this is going to be a good thing. But hey,
Trump seems to do what he does, and you know,
I mean, so be it. I again, not something that
I would be a fan of something. I'm not a

(01:34:41):
fan of them doing.

Speaker 2 (01:34:42):
No me Either're talking to Jim Kennedy, Kennedy Institute, Plug
policy research. Jim, we talk about politics, we talked about
pop culture, and we talked about F one. So last
week we had the cracker Barrel four hundred here in Nashville,
you know, because cracker barrel, baby, that's what it's all about.
Like me some cra good, it is good eating. This week, though,

(01:35:04):
F one goes to a little place called.

Speaker 20 (01:35:08):
Monaco. Oh, the most expensive race of the year probably
it is the Race of Fame, It is the race
of movie stars. It is the crown jewel in Formula one,
and it actually will be also McLaren's one thousand race.
Now that's kind of interesting because it really is no
official way to count races as far as how many
races they've actually done, in the sense that there is

(01:35:31):
no you know, if you qualified for the race and
don't start, were you in the race, Well, yes, technically
you qualified, but you didn't start, and there isn't The
FAA does not actually keep stats on that. So there
have been a number of people coming out and saying, well,
this could actually be there one hundred or one thousand
and Firth race, It could be out one thousand and two,
It could actually be nine nine to eight. If you

(01:35:52):
look at it this way, if anyone what you consider
to be a race start, So again, there is no
official stat everyone's just going with it, Mclair and have
their thousands. So I mean again, if you're going to
do it, you'd want to fudge it to do it
at Monaco because it is Monico. It's you know, it's
the race that every if anyone's ever gonna watch n
F one race, they watch Monica. Honestly, it is one

(01:36:13):
of the more boring races. It is a archaic track
that is very short, very tight, not extremely fast, and
extremely difficult by far the most difficult street track in
the Formula One circuit to pass on it is extremely difficult,
and it has usually the fewest passes of the year

(01:36:34):
because it is so tough to get around people on
that track. So you've got to have a large advantage
or a large mistake by a driver to basically get
past them. And it's tough to pass back past back
markers on it to catch up, and when you go
down to have a pit stop and you fall to
fourteenth to try to get back through the through the
traffic is very very difficult to been marry. Many famous

(01:36:55):
incidents of of of you know of top tier drivers
trying to get back through the pack, they have either
been crashed or run into crashes, or have simply not
gotten there, and they've stayed in fifteenth, you know, for
two thirds of the race because they just could not
get past the guy in front of even though he
was a much slower car. Because of the way the
track is in the corners and the lack of real

(01:37:17):
high speed straits other than the one, there is really
a few opportunities to get passed other than pit stops
is your best opportunity. But yeah, it is a crown
of the jewel to everybody out there, I recommend you
you watch it. It's a fantastic spectacle to watch, but
probably not the most exciting race for passing and for
lee ching them. Then they began something will happen this
year and I'll be looking like a silly guy come

(01:37:38):
come Monday. But at this point, generally not a race
that gets a lot of passing on it.

Speaker 2 (01:37:42):
No talking. Jim Kennedy, Kenny Institute of Public Policy Research,
Speaking of sports gym, last question, you obviously out there
in Los Angeles. Now we are are well now a
week away from the US playing their first game in LA,
six days away from the World Cup kicking off in Earnest.
But Los Angeles was oddly enough, they may go and
strike when it comes to snacks and food and whatnot

(01:38:05):
because they want thirty bucks an hour.

Speaker 20 (01:38:08):
Yeah, that is so LA at this point. This started
because there was a resolution or there was a city
council amendment pass, because they've been very big in LA.
As happened a lot of those Seattle has been famous for. It.
Also about raising minimum wage levels to make everybody gets
a you know, gets a livable wage. And I don't
really know what that ever supposed to mean. I could
never get I mean I get a new cell phone

(01:38:29):
every year? Does that mean I get to drive a
new card? I mean I get to live without a roommate.
I don't really know what a livable wage is. I
can never get anyone to really define it for me.
But yes, as far this case, they want thirty dollars
an hour and that will match what the city council
has promised that all of the hospitality workers, the hotel
workers will make by the twenty twenty eight Olympics. LA's
got some of the World Cup games coming up in

(01:38:52):
a couple of weeks and then in two years from
now we've got the Olympics coming to Los Angeles for
the third time in our history. So they've basically wanted
to bump all those wages up. They're using that so
everyone now all the other unions are looking at that
and taking that as a target number. Well, if they
get thirty dollars, we work harder. Why don't we get
thirty dollars an hour? Two and the Food and Commercial
Workers Union or the people that are at the at

(01:39:12):
Sofi Stadium, have been for about six months now without
a contract, and they decided, hey, you know what, we
haven't made much progress, but I think a week before
the roller Cup starts, maybe that's when we should really
start striking and thread to not show up for the
World Cup because that is going to be the biggest
event between football seasons in Los Angeles. For Selfi Stadium,
where they're going to be playing the games BacT there,

(01:39:33):
they've torn that they've torn the field up to go
put real grass in there. They've been at it for
about eight weeks now to build a real grass field
because FIFA World Cup must be played on real grass.
The ram for some dumb reason wich they never understood
play on artificial turf, which I don't understand. If you
can't grow grass in la I don't know where you're
going to be able to grow it, especially about seven

(01:39:54):
miles from the from the ocean. But for some reason
they've chosen to do artificial turf, and now they are
chearing it up and placing real grass in there. But yeah,
the food workers are striking. They'll probably get their thirty
dollars an hour because they have the cave. At this point,
they don't have a lot of choices, so for that
it'd be it'd be interesting to see who else now
between now and the Olympics will start threatening the striker

(01:40:14):
if they're just gonna have to give thirty dollars an
hour to everybody who says, would you like tries with that?

Speaker 2 (01:40:18):
In Los Angeles, you know, as I'm sitting here looking so,
MIT has the cost of living calculator and it is
either it's rather fascinating to see the cost. So for
a single person, it's about thirty bucks, right, you don't
have anybody else but you you can kind of do

(01:40:40):
okay on that. For a family of four though it's
thirty three dollars an hour if both parents are working,
so basically it's about sixty six bucks an hour. But
if it's a single person with kids, it could be
up to fifty dollars an hour for a living wage
in California, Ia. So man, I tell you what. Uh again,

(01:41:00):
it's all different everywhere, right, like everywhere you go. It's
not the same thing in Cedar Rapids as it is
in LA. But you know this. They're striking while the
iron's hot. Do I understand why they're doing it? Yes,
but you're also just serving hot dogs.

Speaker 20 (01:41:14):
Yeah, no, absolutely not. I agree with that and agree
with that. Remember, fast food workers already, as of eighteen
months ago, got twenty dollars an hour minimum in California,
and it's and it's led to a number of closures
of fast food franchises because they just the economics just
don't pan out, just don't pan out for them anymore.
And a lot of them are moving automation. So instead
of asking somebody rather than someone literally asking you do

(01:41:36):
you want fives with it, you get a you get
a you know, you get a video screen asking you
if you want fries with that at McDonald's or some
other places. And again a lot of those still are
pushing McDonald's always been pushing you to use the app
when you go into to McDonald's to get stuff, so
and and a lot of other you know, of the
fast food places that I you know, it's funny because
I don't necessarily use I use the app to get

(01:41:57):
awards when I do it, but I rarely McDonald's. I
do just because my McDonald's is so bad for service.
I know it. Even then, it's like I've half the
time I have to go and I do the drive
up where you park and they bring it out to
you rather going to the drive through, and at least
half the time, and my McDonald's have to go in
and get it because either like they don't have it
or they forgot or yeah, like they oh we don't
have we don't enough people. You know. One person only

(01:42:19):
told me you shouldn't have used the app, you should
have gotten the drive you should have come to drive
to because we're short staff today. It's like, okay, how
would I know that, But you know, so be it.
But a lot of them are pushing them to, you know,
to less manpower methods to reduce the cost of the
twenty dollars an hour. And again it's been in because
there have been places that have closed. Because even though
Gaven Neuwsim has come out there and said this is wonderful.
People are making more money. It's growing the economy of California.

(01:42:41):
And there's been no job losses because they found some
survey that said there were like virtually no job loss
There's been other surveys that say there's been a lot
of job losses. You're take your pick, and just basic
economics would tell you there's going to be job losses there.
You know, it is not a job that adds a
lot of value to like it literally says do you
want fror to that? Or putting a hamburger and mustard

(01:43:03):
and onions and ketchup and a bun and wrapping it
and putting it up there. It's hard to make money
twenty dollars an hour. Again with your costs increasing for
your food inputs and everything that's gone up over the
last three five seven years. So yeah, going to more
automation or going to or basically just being able to
not afford it is not a surprise. Understand economic guars

(01:43:23):
with Devin News and wants to tell you. But yeah,
but I would say look for more, not necessarily for
the roller Cup, but between now and twenty eight more
place Los Angeles seeing thirty dollars an hours kind of
the benchmark of what they expect crazy.

Speaker 2 (01:43:34):
Jim Kennedy Kennedy Institute Plug Policy Research. People want to
reach out to you, go to midterm Mondays week. Of course,
doing midterm Mondays, you get a lot of stuff going on.
Next week we'll know more about law. You guys can
join us here, but also tell everybody else where to
get at you if they want to talk to you.

Speaker 20 (01:43:48):
Yeah. At RDY. Jim and I will be launching a
Writy Gym website next week. We'll have newsletters, we'll have
We're going to be having more. I've been putting more
stuff up on the site. We have some news functionality
on it too, So I'll be talking about that next week.
But go look, you know when I tell you, go
look for a Rady Gym website right on.

Speaker 2 (01:44:05):
Brother, good talking to you. Have a good weekend. I'll
talk to you Monday.

Speaker 20 (01:44:08):
Thanks Chad.

Speaker 2 (01:44:08):
We're gonna wrap it up in a second little finally
Friday sounds, but first relief factor amazing, incredible. You're sick
and tired of being sick and tired with aches and
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(01:44:29):
something he's done for years. His knee was in massive pain.
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four Relief. That's eight hundred the number four relief for

(01:45:14):
Relief Factor coming up. We wrap it up on this
Friday and this week. This is the Chad Benson.

Speaker 25 (01:45:21):
Show, Deep States, No Deep doo doo eah the Chat
Benson Show.

Speaker 2 (01:45:39):
Every week we say it's been a week, and today
it's no different. It's been a week. Shall we take
a listen back to the chaos, the craziness, the lunacy
that was this week. Thank god it's finally Friday. We're excited.
We're probably welcoming a half million people over the entire
set of eight matches.

Speaker 4 (01:45:59):
Are all today. It's Christopher Puller secret.

Speaker 2 (01:46:04):
How much has cost to me to follow England in
the World Cup around the US this summer.

Speaker 8 (01:46:09):
I'm not one hundred dollars walking in my hole. I
know all that said. Anybody's burning, hold, I do my
barget in my skin among the.

Speaker 3 (01:46:21):
Morning, I'll be brown.

Speaker 12 (01:46:23):
It's fine, fin free. I've done my motive running. Wow again,
it's fine.

Speaker 10 (01:46:37):
Did you know that a black fourth grader in Mississippi
is two and a half times as likely to be
proficient in math and reading as one in California.

Speaker 11 (01:46:46):
The last words on earth this man heard were his
rights being read out to him, all because of a
false accusation of racism.

Speaker 12 (01:46:55):
It's fini free, I've done my motive. I'm wow a good,
It's fine.

Speaker 14 (01:47:05):
Thirty I've been banned from the United Kingdom for criticizing Israel.
I didn't get banned for criticizing the United Kingdom. I
got banned for criticizing Israel.

Speaker 15 (01:47:17):
So Obama one point seven billion mocked by President Trump.
Right now, the Rhyns are pushing for twelve to twenty
four and there's a possible pool of one hundred billion
dollars were hurt.

Speaker 2 (01:47:27):
In Juny wonder.

Speaker 16 (01:47:33):
Wendy had a thirty hours slowly counity buy im owner Fay.

Speaker 12 (01:47:42):
I'm a free.

Speaker 22 (01:47:45):
Run.

Speaker 12 (01:47:47):
It's Trump forget.

Speaker 20 (01:47:56):
I hope she's ready, you know, because I am. I
literally could not be more excited.

Speaker 13 (01:48:04):
So far.

Speaker 1 (01:48:05):
A biological mile can't become clearent.

Speaker 18 (01:48:07):
But the grounds of pregnancy includes potential pregnancy as well
as pregnancy.

Speaker 23 (01:48:13):
But if they can't become pregnant, how can you then
become potentially pregnant?

Speaker 2 (01:48:17):
And I'd say you and that part of the world
sees fires when you're shooting in a more moderate manner.

Speaker 17 (01:48:22):
It's an unbelievable, beautiful fourteen hundred hector private island in
the middle of the Mediterranean, No what a way to
end it.

Speaker 2 (01:48:30):
It's always nice when good things happen to people who've struggled.
Three two, three, five, three eight, twenty four, twenty three
at Chad Benton Show. That is your ex your Insta,
your YouTube and everything else. I love hearing from each
and every single one of you. Really appreciate you guys

(01:48:52):
paying attention to us when you have a chance right
here on the Chad Benson Show. Solid fun week back.
There to be more chaos and craziness next week, but
I also expect it to be a week very excited.
As you guys know. Next week World Cup starts, and
a week from today the US takes the field that's

(01:49:15):
a Sofi stadium. No it's not call it's called La Stadium,
right because they can't use so Fi for the World Cup.
I'm pumped about that. We'll see what happens over the
weekend if there's any other movement when it comes to
the Middle East, my prediction is not a lot is
going to happen, at least in the near future. You
guys have a blessed and amazing wee can be safe

(01:49:37):
out there. We'll meet you back here on Monday. As always,
Night Night, Jack, this is

Speaker 1 (01:49:42):
The Chad Benson Show.

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