Bolivia on the Brink & Ukraine Strikes 2,000 Miles Inside Russia | Counter Culture Conflict

So our first story, everybody knows oil prices suck.

So this is a, an Iran more, uh, fuel update.

Uh, there is actually an increased amount of oil being exported from the Middle East, so oil is getting out and it's, uh, increasing significantly.

Uh, President Trump signed an executive order temporarily expanding access to red dyed tax-exempt diesel fuel for highway use through the end of 2026.

Red dyed diesel, diesel does not have the federal diesel tax of 24.4 cents per gallon.

So that's hopefully 24 cents lower on diesel and that should, uh, help transportation costs and keep prices down.

I know it's been all over the news about the red dye diesel-- uh, red dye, uh, diesel fuel being allowed to go into highway vehicles.

It's usually just for off-road, so I wanted to explain, uh, what that is.

I'm from a farming state, so I know a little bit about it.

Uh, for the most part, uh, the red dye fuel itself is essentially the same diesel fuel that goes into a tr-- that goes into any truck.

The major difference is the tax treatment, so there's no federal fuel tax.

Red dye, actual literal red dye is added to the fuel so like state troopers can put something in your fuel tank to make sure that you're not using tax-free fuel when you're on the interstate.

So there's a, there is enforcement to it.

Uh, common uses, farm equipment, construction equipment, generators, heating equipment, and other off-road machinery.

So basically if you're not on a highway, you're not paying the highway taxes to support the highway.

So it's primarily used for like farming and, uh, construction where you can-- you're legally allowed to use the, the red fuel.

So let's go on to farming.

So that kind of brings me onto a, a slight tangent about, uh, farming subsidies.

Justin, if you could bring up that overlay.

Here we go.

Heroes in the field, at what cost? So my tangent, this red dye tax break is just one of the few tax breaks designed for the industrial agriculture use.

Farm subsidies are government programs that provide financial support to farmers and agricultural producers.

In the US, most are administered through the USDA.

The main types include crop subs-subsidies, farm payments, payments that help farmers manage low prices or revenue losses for crops such as corn, wheat, soybeans, cotton, and rice.

Disaster assistance payments following events such as hurricanes, droughts, flood, wildfires, other disasters.

So our first story, everybody knows oil prices suck.

So this is a, an Iran more, uh, fuel update.

Uh, there is actually an increased amount of oil being exported from the Middle East, so oil is getting out and it's, uh, increasing significantly.

Uh, President Trump signed an executive order temporarily expanding access to red dyed tax-exempt diesel fuel for highway use through the end of 2026.

Red dyed diesel, diesel does not have the federal diesel tax of 24.4 cents per gallon.

So that's hopefully 24 cents lower on diesel and that should, uh, help transportation costs and keep prices down.

I know it's been all over the news about the red dye diesel-- uh, red dye, uh, diesel fuel being allowed to go into highway vehicles.

It's usually just for off-road, so I wanted to explain, uh, what that is.

I'm from a farming state, so I know a little bit about it.

Uh, for the most part, uh, the red dye fuel itself is essentially the same diesel fuel that goes into a tr-- that goes into any truck.

The major difference is the tax treatment, so there's no federal fuel tax.

Red dye, actual literal red dye is added to the fuel so like state troopers can put something in your fuel tank to make sure that you're not using tax-free fuel when you're on the interstate.

So there's a, there is enforcement to it.

Uh, common uses, farm equipment, construction equipment, generators, heating equipment, and other off-road machinery.

So basically if you're not on a highway, you're not paying the highway taxes to support the highway.

So it's primarily used for like farming and, uh, construction where you can-- you're legally allowed to use the, the red fuel.

So let's go on to farming.

So that kind of brings me onto a, a slight tangent about, uh, farming subsidies.

Justin, if you could bring up that overlay.

Here we go.

Heroes in the field, at what cost? So my tangent, this red dye tax break is just one of the few tax breaks designed for the industrial agriculture use.

Farm subsidies are government programs that provide financial support to farmers and agricultural producers.

In the US, most are administered through the USDA.

The main types include crop subs-subsidies, farm payments, payments that help farmers manage low prices or revenue losses for crops such as corn, wheat, soybeans, cotton, and rice.

Disaster assistance payments following events such as hurricanes, droughts, flood, wildfires, other disasters.