00:50:46 · Ryan Petersen
[00:50:46] S1: Who you are. I mean, there's winners and losers, but it's, like, hugely beneficial for Texas and the Texas oil economy. And, you know, if you're a college football fan, the NIL budgets for these Texas football schools are gonna go through the roof. So there are winners in this, not to make light of it. En masse, I mean, I think it's making the same mistake that AOC makes of thinking that it's a fixed pie and like, okay, maybe America takes a bigger stake of the pie, but like the pie is gonna shrink. Like if you lose 20% of oil and everything that falls out from that, you're gonna have a smaller economy worldwide. You're gonna have a lot of suffering. We'll see. Made predictions that with Russia's invasion of Ukraine, that you would have... Because 50% of the world's... It's not 50%, but they're the biggest grain exporters in the world, Russia and Ukraine. And that coming offline, I thought was going lead to massive famine across Africa. I said that publicly, I was wrong because Russian grain never stopped. And they're also big exporters of fertilizer. The Middle East picked up the slack and started exporting crazy amounts of fertilizer. So the world's pretty resilient. America produced a lot of food. And so, yeah, the economy is this crazy complex adaptive system that's hard to predict and is like more resilient than you expect, but also complex adaptive systems are very, very resilient until they break down and fail. Like we're playing with fire with the Strait Of Hormuz. And so I don't think, I don't think it's, I think it's way too simplistic to say, look, Texas energy, American energy exports are through the roof. We are dominating the world energy markets to an extent we never have, not since the Rockefeller days, like, because because of this. From a power projection standpoint, maybe if you're Trump, that's what you care about more than what's overall, like, economic output in the world. But I think it's a kind of a fixed pie mentality that's like...
00:52:43 · Ty Morse, Ryan Petersen
[00:52:43] S0: It's not great. [00:52:43] S1: It's great. It's not great. Not as a business person. Like, nobody should support this if you're trying to do business.