John WardleHostJakeHostNice.
All right.
So we'll do the standard rundown that we do every start of my segment.
Uh, the Dow closed down, uh, 2/3 of a point today at 51,179, and oil stayed just shy of $90 a barrel, um, which honestly doesn't matter at all, um, because future prices don't take into consideration the cost of transporting fuel currently.
The cost to transport fuel, um, is high because the cost of fuel is high.
So those same trucks or those same ships that are transporting your fuel, the cost for them to transport your fuel has gone up.
That, that price is not considered in the calculations for future prices.
So even if the price of oil goes down by the barrel, uh, you might see a 10 cent change at your local gas pump, but it's not gonna, it's not gonna ma- it doesn't matter.
It, it, shit doesn't matter.
Diesel's not coming down.
We don't have the refinery capacity to allow diesel to come down, so it doesn't matter.
Mm.
Um, [laughs] essentially, $90, it doesn't matter.
Um, 'cause with the inflated cost, it's really making it like oil's $130 a barrel, um, in reality, because of the cost to do it.
However, uh, last episode I talked about, um, how these mega corporations are a parasite.
Um, they are a cancer on our society.
They stifle growth.
Um, they basically exploit their employees' labor, um, to buy yachts, houses, uh, governments, what- whatever they wanna purchase.
Uh, they do all that by exploiting their employee labor.
And I mentioned that we just tax the shit out of them over a billion dollars.
That's still me being...
You know, I feel like a modest billion dollars is still a very acceptable, uh, profit for the year for a corporation to make.
Um, so I wondered what that would look like, um, in reality.
So my thought process behind this, and I could be completely wrong, is you tax them 100% over a billion dollars.
So they have no incentive to raise prices, because everything over a billion dollars is going to the government, and everything over a billion dollars is going to the government, so pay your employees.
Nice.
All right.
So we'll do the standard rundown that we do every start of my segment.
Uh, the Dow closed down, uh, 2/3 of a point today at 51,179, and oil stayed just shy of $90 a barrel, um, which honestly doesn't matter at all, um, because future prices don't take into consideration the cost of transporting fuel currently.
The cost to transport fuel, um, is high because the cost of fuel is high.
So those same trucks or those same ships that are transporting your fuel, the cost for them to transport your fuel has gone up.
That, that price is not considered in the calculations for future prices.
So even if the price of oil goes down by the barrel, uh, you might see a 10 cent change at your local gas pump, but it's not gonna, it's not gonna ma- it doesn't matter.
It, it, shit doesn't matter.
Diesel's not coming down.
We don't have the refinery capacity to allow diesel to come down, so it doesn't matter.
Mm.
Um, [laughs] essentially, $90, it doesn't matter.
Um, 'cause with the inflated cost, it's really making it like oil's $130 a barrel, um, in reality, because of the cost to do it.
However, uh, last episode I talked about, um, how these mega corporations are a parasite.
Um, they are a cancer on our society.
They stifle growth.
Um, they basically exploit their employees' labor, um, to buy yachts, houses, uh, governments, what- whatever they wanna purchase.
Uh, they do all that by exploiting their employee labor.
And I mentioned that we just tax the shit out of them over a billion dollars.
That's still me being...
You know, I feel like a modest billion dollars is still a very acceptable, uh, profit for the year for a corporation to make.
Um, so I wondered what that would look like, um, in reality.
So my thought process behind this, and I could be completely wrong, is you tax them 100% over a billion dollars.
So they have no incentive to raise prices, because everything over a billion dollars is going to the government, and everything over a billion dollars is going to the government, so pay your employees.
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