What if we have Xavier Becerra win and we just keep kicking the can down the road? How bad is California going to be, especially in the transportation and the energy world?

Yeah, I think what we're going to see is the regulations will remain in place, probably even more regulations.

We've got the power of politicians that come out of L.A. and the Bay Area, and they govern California's Central Valley.

And the ag business is getting strangled through regulation.

The cost per acre to produce just caused by regulation now is enormous.

is substantial.

You add the cost of fuel on it to run tractors and everything and it's compounding and the cost of labor is compounding.

Can California get any worse? What's going on

Ellington, how are you doing?

Oh, I'm doing, I'm doing great.

Uh, when I hear the gas prices, one of the research areas to look at is back when, under Gerald Ford, uh, negotiated a c- uh, deal with Saudi Arabia.

The deal was that we would buy gas from, uh, OPEC countries, primarily, uh, Saudi Arabia, and, uh, they could set the price, but 10% of their price had to come back into United States by them buying up- Uh, US Treasury notes and debts.

And what that did, it, it works on keeping the inflation down.

It sells off our debt as probably the neg- part of the negotiation on gas prices.

And so it ends up that the public is paying more for gas because of paying down the national debt or taking the, uh, the debt to Saudi Arabia, and they set the oil prices.

W- and it's gonna be a long, long time before we get out of this, as long as we have this gas tax to nowhere.