WEBVTT 00:00:00.920 --> 00:00:04.877 The Gerogan experience. Anyway, so Kev, the great Kevin O'Leary, was already a 00:00:04.960 --> 00:00:08.877 great investor and he's a great actor, it turns out. And he's building this 00:00:08.960 --> 00:00:12.917 giant data center. Did you see Tucker's discussion with him? 00:00:13.000 --> 00:00:15.277 >> I haven't seen it. It's kind of interesting. Might might be good to 00:00:15.360 --> 00:00:20.157 watch. Let's watch it. Let's see if we can pull a clip of it. Because Tucker 00:00:20.240 --> 00:00:23.637 was essentially saying, like, how did you 00:00:23.720 --> 00:00:27.717 get this past? And they said they voted on it and it turns out it's like three 00:00:27.800 --> 00:00:30.037 representatives in Utah. 00:00:30.120 --> 00:00:32.277 And Tucker's argument is like how 00:00:32.360 --> 00:00:34.877 difficult would it be to subvert the 00:00:34.960 --> 00:00:39.517 you know, get a hold of three of these representatives and get them to vote on 00:00:39.600 --> 00:00:42.757 this thing that's not good for the people. They He's saying you're going to 00:00:42.840 --> 00:00:46.357 be taking American jobs with this thing and this is like Tucker's position. 00:00:46.440 --> 00:00:49.157 Right. You find any clips on it? 00:00:49.240 --> 00:00:52.837 >> Well, I did I found the whole thing first. This is 10 minutes long, but 00:00:52.920 --> 00:00:54.477 Well, let's just play a little bit of it. 00:00:54.560 --> 00:00:57.797 >> If you want I'll give you a quick while we're looking for it or Yeah, no, let's 00:00:57.880 --> 00:01:01.077 slap on some headphones. Let's listen to this thing. the difference. There's a 00:01:01.160 --> 00:01:02.757 state budget Hey, that's no problem. 00:01:02.840 --> 00:01:05.597 That's no problem. I can build that in Texas. I can build that in Jacksonville, 00:01:05.680 --> 00:01:09.357 Mississippi. There But but why if it's such a good business would you be asking 00:01:09.440 --> 00:01:12.637 taxpayers to help pay for it without giving them equity in the company? Are 00:01:12.720 --> 00:01:16.957 you giving taxpayers shares? No, the the investors get the shares, 00:01:17.040 --> 00:01:18.237 but here's why they would do it. 00:01:18.320 --> 00:01:21.717 >> Why would the taxpayers have to I mean, look, if you want to start a business, 00:01:21.800 --> 00:01:26.517 why why am I as a taxpayer forced to pay for it, your business? I don't I don't 00:01:26.600 --> 00:01:30.397 get it. Well, let's forget about data centers. Let's go any manufacturing. 00:01:30.480 --> 00:01:33.397 Let's say you're going to build um 00:01:33.480 --> 00:01:38.037 an aluminum sheet manufacturing facility. You go to the government there 00:01:38.120 --> 00:01:41.477 and say, "Look, this is going to be a huge CapEx expect you know, 00:01:41.560 --> 00:01:43.637 a huge CapEx expenditure. I'm going to 00:01:43.720 --> 00:01:47.197 hire 2,000 people. I'm going to build a 00:01:47.280 --> 00:01:51.637 community center. I'm going to pay a lot of tax on the profits in your state when 00:01:51.720 --> 00:01:55.237 I sell the aluminum and I'm going to hire all these people who they will also 00:01:55.320 --> 00:01:59.517 pay tax. And we will build a school because our workers need a need a 00:01:59.600 --> 00:02:04.237 school. And and and and and. What can you give me to incentivize me versus the 00:02:04.320 --> 00:02:08.237 the state right beside you, which is willing to give me an incentive package? 00:02:08.320 --> 00:02:12.397 >> No, no, I understand I understand that you're you're gaming a system in place. 00:02:12.480 --> 00:02:16.357 You didn't come up with this, but I'm just trying to understand 00:02:16.440 --> 00:02:18.917 So, the trade typically is jobs, okay? 00:02:19.000 --> 00:02:22.637 But these projects don't actually >> well, no, no, it's also jobs and taxes 00:02:22.720 --> 00:02:25.797 cuz you're going to >> And taxes? Yeah. But 00:02:25.880 --> 00:02:29.317 but then you're getting a tax break. So, that doesn't really make any sense 00:02:29.400 --> 00:02:33.437 >> up front you're getting Tucker, welcome to America, buddy. This is how it's gone 00:02:33.520 --> 00:02:37.597 on for 200 years. Okay, well, I don't know. Lots of bad things go on for a 00:02:37.680 --> 00:02:40.797 while. I'm just but I think at some point it's worth assessing like why are 00:02:40.880 --> 00:02:45.157 we doing this? So, on the job question >> You're doing it because there's a 00:02:45.240 --> 00:02:48.997 competition. Well, I run a I run a couple of businesses and we're not 00:02:49.080 --> 00:02:52.677 getting any tax breaks. I think they're every bit as virtuous as data centers, 00:02:52.760 --> 00:02:56.357 but I'm not availing myself of that and no one's offered and I wouldn't take it 00:02:56.440 --> 00:02:59.757 anyway because it's not the job of taxpayers to subsidize a private 00:02:59.840 --> 00:03:01.717 business. It's a fair It's a fair It's a 00:03:01.800 --> 00:03:05.077 fair comment, but my job is to create a 00:03:05.160 --> 00:03:07.877 data center, create 2,000 jobs for 00:03:07.960 --> 00:03:09.797 long-term and 10,000 manufacturing at 00:03:09.880 --> 00:03:12.797 the beginning or a construction. And 00:03:12.880 --> 00:03:17.437 I'm obviously looking at at multiple sites and this won't be the last one I 00:03:17.520 --> 00:03:20.877 build. I have >> May I May I May I ask 2,000 jobs? Okay, 00:03:20.960 --> 00:03:23.797 so relative to the size the physical 00:03:23.880 --> 00:03:25.757 size of the project, which as you noted 00:03:25.840 --> 00:03:28.957 is multiple times the size of Manhattan, 00:03:29.040 --> 00:03:31.957 and the power draw at peak, 00:03:32.040 --> 00:03:35.157 this data center, your projections, will 00:03:35.240 --> 00:03:37.917 consume about as much energy as New York 00:03:38.000 --> 00:03:42.477 City does, but New York City provides almost 5 million jobs. 00:03:42.560 --> 00:03:44.757 And this project by your own description 00:03:44.840 --> 00:03:48.117 would provide about 2,000 jobs. 00:03:48.200 --> 00:03:51.517 I I I don't see the trade >> that you definitely got that calculation 00:03:51.600 --> 00:03:53.517 wrong. By building a data center that 00:03:53.600 --> 00:03:55.917 trains AI that provides productivity to 00:03:56.000 --> 00:03:59.797 the entire nation, we create millions of 00:03:59.880 --> 00:04:03.237 jobs, high-paying jobs. So, AI is going 00:04:03.320 --> 00:04:07.437 to create jobs? I thought it was going to eliminate jobs 00:04:07.520 --> 00:04:10.077 >> just think about the new technologies we 00:04:10.160 --> 00:04:14.877 don't even know yet that are going to be No. 00:04:14.960 --> 00:04:18.717 I think we get it. That was a good cross section of the of the debate. Yeah, I 00:04:18.800 --> 00:04:20.477 think we got it. A lot of it was in there. 00:04:20.560 --> 00:04:24.397 So, what is your take on that? I have many takes on that. Okay, I know. I saw 00:04:24.480 --> 00:04:27.837 you writing things down, so that's why I'm asking you. I'm ready to go. So, 00:04:27.920 --> 00:04:29.877 start a couple things. So, he started out talking about tax breaks for 00:04:29.960 --> 00:04:33.357 businesses. I think that's a completely legitimate debate topic. I think he's 00:04:33.440 --> 00:04:36.237 talking that one Tucker's right in the sense of some kinds of businesses get 00:04:36.320 --> 00:04:39.517 tax breaks, others don't. Right, that's a completely fair thing. I I I could 00:04:39.600 --> 00:04:41.637 argue both sides of that of that one. 00:04:41.720 --> 00:04:43.757 I'll say that that that number one. 00:04:43.840 --> 00:04:46.837 Number two, the energy thing I think is a little bit of a red herring at this 00:04:46.920 --> 00:04:49.597 point cuz the the sort of claim you know, the claim is these data centers 00:04:49.680 --> 00:04:51.757 are going to they're going to use so much energy and then they're going to 00:04:51.840 --> 00:04:54.837 cause local energy bills, you know, to skyrocket. And I think it is very bad by 00:04:54.920 --> 00:04:57.157 the way when that happens. I think if a data center comes in, it should bring 00:04:57.240 --> 00:05:00.797 its own energy with it or pay pay for the energy separately. 00:05:00.880 --> 00:05:03.917 There is a new federal policy now exactly along those lines that I think 00:05:04.000 --> 00:05:08.437 everybody's doing in practice, which is to to pair to if if you do a data 00:05:08.520 --> 00:05:10.357 center, you bring your own energy. 00:05:10.440 --> 00:05:14.637 So, I think that can be dealt with. And then 00:05:14.720 --> 00:05:17.197 and then both of those connect to what I think is the big underlying issue which 00:05:17.280 --> 00:05:20.317 they were kind of dancing around, which is what we talked about earlier with the 00:05:20.400 --> 00:05:24.917 rebuilding of LA, which is can you build anything in America anymore? 00:05:25.000 --> 00:05:30.197 Can you? Can you build a factory? Can you build a chip plant? Can you build a 00:05:30.280 --> 00:05:33.197 power plant? Can you build a refinery? Can you build 00:05:33.280 --> 00:05:37.197 a pipeline? Can you build housing? And you know, one of the common themes in 00:05:37.280 --> 00:05:40.117 American life for the last 30 years is the answer to those questions is 00:05:40.200 --> 00:05:43.157 generally no. You can't do any of those things, right? So, 00:05:43.240 --> 00:05:45.677 take as an example Silicon Valley, right? So, 00:05:45.760 --> 00:05:49.037 all the chips are made in Taiwan. Well, 40 years ago all the chips were made in 00:05:49.120 --> 00:05:51.397 California. Why are all the chips made in Taiwan? 00:05:51.480 --> 00:05:54.117 Because in California the regulations got set so that you couldn't make chips 00:05:54.200 --> 00:05:56.717 in California anymore. So, now they're all made in Taiwan and now we have to 00:05:56.800 --> 00:05:59.277 figure out what to do if China invades Taiwan. 00:05:59.360 --> 00:06:01.397 That's really all it is? It's just regulations? 00:06:01.480 --> 00:06:03.557 >> yeah, yeah, yeah. Yeah, all the all the all the chip plants used to be in 00:06:03.640 --> 00:06:06.677 California. And what what regulations specifically stopped them from being 00:06:06.760 --> 00:06:08.117 able to manufacture in California? 00:06:08.200 --> 00:06:09.077 >> Environmental. Environmental. 00:06:09.160 --> 00:06:11.317 >> Environmental. Yes. And you you have these you and you have these you have 00:06:11.400 --> 00:06:13.997 specific issues on on environmental impact on things and then you have these 00:06:14.080 --> 00:06:17.157 umbrella things with things like NEPA um that basically essentially banned 00:06:17.240 --> 00:06:18.597 everything um in in much of the country. 00:06:18.680 --> 00:06:22.397 >> And what was the negative consequences of them in terms of the environment? 00:06:22.480 --> 00:06:24.677 >> there there there are it's it's like any of these things. There's tons of there 00:06:24.760 --> 00:06:27.197 there's always some there's always some substance to it. There's always some 00:06:27.280 --> 00:06:29.637 risk of I you know it's probably it's probably something chemical leakage or 00:06:29.720 --> 00:06:32.797 something like that. If it's if the chemicals aren't properly managed um and 00:06:32.880 --> 00:06:35.637 then there's whatever other kind of superheated claims are around that. 00:06:35.720 --> 00:06:38.717 Let me give you the ultimate story on that which goes goes to the power thing. 00:06:38.800 --> 00:06:42.317 Um okay, so for the last you know, 50 years you know, we've we've we've been 00:06:42.400 --> 00:06:45.117 worried about global warming climate change. And specifically with that we've 00:06:45.200 --> 00:06:48.597 been worried about carbon emissions. It turns out there is a form of energy 00:06:48.680 --> 00:06:51.477 which basically is unlimited energy that's that's carbon free. That 00:06:51.560 --> 00:06:53.957 generates no carbon at all and it's nuclear power. 00:06:54.040 --> 00:06:58.437 Um the the nuclear power was considered such an attractive way to generate 00:06:58.520 --> 00:07:01.397 energy in the in the in the 50s and 60s that a whole bunch of you know, big 00:07:01.480 --> 00:07:04.357 nuclear plants got built. By the way, France ran for a long time almost 00:07:04.440 --> 00:07:07.477 entirely on nuclear power. Japan ran for a long time almost entirely on nuclear 00:07:07.560 --> 00:07:10.237 power. But we used to we used to have nuclear plants you know, getting getting 00:07:10.320 --> 00:07:12.997 built in the US. Um the environmental movement started. 00:07:13.080 --> 00:07:15.557 They said they don't you know, they don't want you know, oil and gas fossil 00:07:15.640 --> 00:07:20.837 fuels. Um and so the Nixon administration around the time you and I were born 00:07:20.920 --> 00:07:23.517 uh created something called project independence and project independence 00:07:23.600 --> 00:07:26.997 was to build a thousand new civilian nuclear power plants in the US by the 00:07:27.080 --> 00:07:30.917 year 2000. And the idea was a thousand nuclear power plants will power the entire 00:07:31.000 --> 00:07:33.317 United States with totally clean energy. 00:07:33.400 --> 00:07:35.757 By the way, that's also the energy electricity you need to be able to cut 00:07:35.840 --> 00:07:39.957 over to electric vehicles which could have happened a lot sooner. Um and then 00:07:40.040 --> 00:07:42.837 and then it's got it's called project independence cuz it means the US won't 00:07:42.920 --> 00:07:46.237 have to be involved in the Middle East anymore, cuz we won't need the oil. 00:07:46.320 --> 00:07:49.117 Right? And and this was a response to the the growing energy crisis in the 00:07:49.200 --> 00:07:52.677 1970s at the time. Um how many nuclear power plants were 00:07:52.760 --> 00:07:55.997 built out of the thousand? Round us to zero. 00:07:56.080 --> 00:07:59.677 Uh they never got built because the Nixon administration also created the 00:07:59.760 --> 00:08:03.437 Nuclear Regulatory Commission, which made it its purpose in life is to stop 00:08:03.520 --> 00:08:04.877 nuclear power plants from getting built. 00:08:04.960 --> 00:08:07.877 And the Nuclear Regulatory Commission did not approve a new nuclear plant 00:08:07.960 --> 00:08:11.837 design for 40 years. Now, is this because of Three Mile Island? 00:08:11.920 --> 00:08:14.197 >> So then Three Mile This is a great example. So then Three Mile Island hits. 00:08:14.280 --> 00:08:17.717 And Three Mile Island in the in for you know, the it's it's it's a it 00:08:17.800 --> 00:08:20.197 was a meltdown of a nuclear plant civilian nuclear plant on the East 00:08:20.280 --> 00:08:23.277 Coast, and it becomes a mega story. And this is like a this is in the middle of 00:08:23.360 --> 00:08:25.597 the this is in the '70s when people are freaking out about all, you know, 00:08:25.680 --> 00:08:28.797 Vietnam and the oil shock and like all these issues 00:08:28.880 --> 00:08:31.757 and recession, depression. And then on top of that, this nuclear power plant 00:08:31.840 --> 00:08:33.717 melts down. Everybody freaks out. 00:08:33.800 --> 00:08:38.957 Complete panic. Um how many people died from Three Mile Island melting down? 00:08:39.040 --> 00:08:41.917 One? Zero. Zero? >> Zero. Zero deaths. 00:08:42.000 --> 00:08:44.237 Zero deaths. And the total >> got ill, though? 00:08:44.320 --> 00:08:47.677 >> No. I don't I I I don't >> Is there residual cancer deaths? 00:08:47.760 --> 00:08:51.597 >> there's any evidence of any uh any resulting illness. Cuz it just like it 00:08:51.680 --> 00:08:55.157 just melts down, it just stays there. So like if you walk into an abandoned 00:08:55.240 --> 00:08:57.717 nuclear power plant that's melted down that hasn't been contained, you're going 00:08:57.800 --> 00:09:00.597 to be in trouble. But like if you're just like if you're just like if you're 00:09:00.680 --> 00:09:03.477 Like another example is Fukushima. I think that they're literally have an 00:09:03.560 --> 00:09:06.797 argument of like whether it's zero or one uh people who have been affected by 00:09:06.880 --> 00:09:10.517 Fukushima in Japan, which was the you know, the other affected affected Yeah, 00:09:10.600 --> 00:09:14.477 yeah, yeah. Well, this is people have I forget who did it, but somebody went 00:09:14.560 --> 00:09:17.637 shortly after Fukushima and just made a point one of the somebody one of the 00:09:17.720 --> 00:09:19.917 Americans who works on this stuff went over there and he just like went around 00:09:20.000 --> 00:09:22.877 and started eating everything, you know, all the edible plants and drinking the 00:09:22.960 --> 00:09:26.837 ground water. Like it it's it These are These are not 00:09:26.920 --> 00:09:29.877 In fact, Yeah, but the consequences of radiation poisoning aren't 00:09:29.960 --> 00:09:32.397 instantaneous, right? Like >> Yeah, yeah, but this is my point. Three 00:09:32.480 --> 00:09:35.197 Mile Island has We now have 50 years of data. 00:09:35.280 --> 00:09:37.837 And so if there was going to be some crisis based on that we would know about 00:09:37.920 --> 00:09:40.757 >> no like excess cancer >> there's no excess cancer, there's no 00:09:40.840 --> 00:09:43.237 nothing. I don't think anybody's ever ever shown any anything like that. 00:09:43.320 --> 00:09:46.597 >> Let's find out. Yeah, let's let's Throw that into perplexity. 00:09:46.680 --> 00:09:51.077 Um are there any excess cancer rates that are 00:09:51.160 --> 00:09:55.517 linked to Three Mile Island? And then there's the second question would be um 00:09:55.600 --> 00:09:59.957 are there any um No acute radiation deaths or clearly 00:10:00.040 --> 00:10:04.237 proven radiation caused illnesses have been documented from Three Mile Island. 00:10:04.320 --> 00:10:06.117 But epidemiological studies disagree 00:10:06.200 --> 00:10:09.597 about possible small longer-term 00:10:09.680 --> 00:10:12.237 cancer effects in nearby populations. 00:10:12.320 --> 00:10:14.757 But that's from 50 years ago. But look at that next bullet. 00:10:14.840 --> 00:10:18.757 Uh immediate injuries or deaths official investigations by Nuclear Regulatory 00:10:18.840 --> 00:10:22.677 Commission and other agencies conclude that the radioactive releases were low 00:10:22.760 --> 00:10:27.357 and that there were no detectable health effects on plant workers or the public 00:10:27.440 --> 00:10:29.997 in the immediate aftermath. >> the Nuclear Regulatory Commission is 00:10:30.080 --> 00:10:31.397 against building new nuclear power plants. 00:10:31.480 --> 00:10:34.717 >> Right. Like right. These are not So the problem is the narrative, right? The 00:10:34.800 --> 00:10:36.437 problem is that everybody freaked out. 00:10:36.520 --> 00:10:40.797 Oh, nuclear, we're going to die. It's new technology. It's it's voodoo. It's 00:10:40.880 --> 00:10:44.197 witchcraft. >> green. It's green. It's it's the same 00:10:44.280 --> 00:10:46.397 >> It's the same stuff that makes the bombs. 00:10:46.480 --> 00:10:51.077 >> Makes the bombs. Yeah, bad. The ick factor is ick factor. 00:10:51.160 --> 00:10:52.757 It feels bad. >> they're going to lie to you. The 00:10:52.840 --> 00:10:56.157 government will lie. You'll die and they'll they'll sweep it under the rug. 00:10:56.240 --> 00:10:59.317 Exactly. It makes it makes it Yeah, it's you have this And by the way, like I 00:10:59.400 --> 00:11:00.397 said, I I think it's understandable. 00:11:00.480 --> 00:11:02.557 Like you have you have this like visceral response and I mean that's a 00:11:02.640 --> 00:11:05.277 real thing. People something people experience. It's a real thing. Right. 00:11:05.360 --> 00:11:08.037 >> But the result of that, like let's just put yourself you're an environmentalist, 00:11:08.120 --> 00:11:11.117 the result of that is for 50 years we've generated 00:11:11.200 --> 00:11:14.197 all of this completely unnecessary carbon like the entire time. Like we 00:11:14.280 --> 00:11:16.917 like that's that's that's that's the alternative. 00:11:17.000 --> 00:11:18.797 >> Right. >> And by the way, it's even worse in the 00:11:18.880 --> 00:11:21.637 rest of the world where they don't need they don't even you know, many many 00:11:21.720 --> 00:11:23.917 developing countries they don't even have centralized oil and gas the way we 00:11:24.000 --> 00:11:27.157 do. They they literally do wood burning inside their homes and that is extremely 00:11:27.240 --> 00:11:28.157 >> Yeah, wood burning's terrible. 00:11:28.240 --> 00:11:32.157 >> That's extremely bad. Unfortunately, cuz it smells awesome. And here's another 00:11:32.240 --> 00:11:34.277 argument about this. The problem is also 00:11:34.360 --> 00:11:37.557 that the technology around nuclear power 00:11:37.640 --> 00:11:40.277 plants has evolved significantly. Yet 00:11:40.360 --> 00:11:45.317 people are still locked into this idea of like Fukushima which like they had a 00:11:45.400 --> 00:11:49.677 backup generator that went down. That whole place is for 100,000 years. 00:11:49.760 --> 00:11:50.997 Yeah, but again it's a it's a place. 00:11:51.080 --> 00:11:54.437 It's a contained place. And so what you But isn't it leaking into the ocean? I 00:11:54.520 --> 00:11:58.597 don't Yeah, I don't know. I think it's leaking into the ocean and I think 00:11:58.680 --> 00:12:01.077 like Brett Weinstein told me not to eat tuna. 00:12:01.160 --> 00:12:04.797 >> [laughter] >> No, that's mercury. I I think that's it. 00:12:04.880 --> 00:12:08.197 Yeah, that's it. No, he was saying like radioactive tuna. You get They'll get 00:12:08.280 --> 00:12:11.517 sushi. I think the mercury will get you before the before the There's definitely 00:12:11.600 --> 00:12:16.237 that. But here's my point. So we decided we decided to just not build nuclear power 00:12:16.320 --> 00:12:18.397 plants. In fact, we've been shutting them down. And by And by the way, 00:12:18.480 --> 00:12:20.757 Germany has been shutting them down the Germany shut them all down, right? 00:12:20.840 --> 00:12:23.277 >> they've been shutting them down. The The result of that 00:12:23.360 --> 00:12:25.877 It's actually there's there's tons of ironies in this. And so first of all, 00:12:25.960 --> 00:12:27.757 you don't get you don't get the energy. You don't get 00:12:27.840 --> 00:12:30.397 like the safest form of energy known to man. Like you just simply don't Most 00:12:30.480 --> 00:12:33.677 effective. Most effective and cleanest than everything else. And at least And 00:12:33.760 --> 00:12:36.237 by the way, this is the other thing is rank ordering all of this like rank 00:12:36.320 --> 00:12:39.317 order any of this against oil and gas the downstream implications of oil and 00:12:39.400 --> 00:12:43.437 gas or any other form. Like it's just it's just it's super clear. Like And by 00:12:43.520 --> 00:12:45.557 the way, the environmental movement itself is turning and they're they're 00:12:45.640 --> 00:12:48.717 actually rediscovering nuclear power and becoming in favor of it. Right. Stewart 00:12:48.800 --> 00:12:50.557 Brand is one of the original environmentalists wrote a whole book 00:12:50.640 --> 00:12:53.517 talking about how this this is this whole thing was a huge mistake. So this 00:12:53.600 --> 00:12:55.957 is starting to happen. But there's all kinds of just amazing kind of downstream 00:12:56.040 --> 00:12:59.277 things from that. And so one is if you turn off This is what Europe is doing. 00:12:59.360 --> 00:13:02.437 If you turn off the reliable sources of energy, then the theory is you're going 00:13:02.520 --> 00:13:05.597 to cut over you're going to cut over to to to to renewables which is wind and 00:13:05.680 --> 00:13:10.237 solar. Mhm. The problem is wind and solar are not 24/7. Right. And so you're 00:13:10.320 --> 00:13:13.557 you're you're This is what Germany's has done is you turn off your nuclear power 00:13:13.640 --> 00:13:16.917 plant. You then are running on wind and wind and solar which is which is then 00:13:17.000 --> 00:13:20.597 erratic whether the sun is out or whether the wind is blowing. And so then 00:13:20.680 --> 00:13:24.357 you need your backup generation of power to be able to make up for the gaps. And 00:13:24.440 --> 00:13:27.537 guess what that is? >> Coal. Coal. 00:13:27.620 --> 00:13:30.437 >> [laughter] >> And so coal coal emissions are carbon emissions. 00:13:30.520 --> 00:13:34.397 >> Coal is so fun. Okay, but here's why this is important. Okay, so it's 00:13:34.480 --> 00:13:37.757 important actually for two reasons. One is it it just make this broad category 00:13:37.840 --> 00:13:40.757 question of can you build things in America? Can you build a factory? Can 00:13:40.840 --> 00:13:43.917 you build an energy plant? Can you build a data center? Can you build housing? 00:13:44.000 --> 00:13:47.197 And every single one of those there's this massive problem which is like right 00:13:47.280 --> 00:13:50.677 now in many cases in many places no, you can't. Number one. Number two, if you're 00:13:50.760 --> 00:13:53.557 going to build a data center, you want it to bring its own energy. 00:13:53.640 --> 00:13:57.157 Right? So the very specific thing you want to do is ideally I you want to 00:13:57.240 --> 00:14:00.397 ideally you'd want to plant a nuclear micro reactor right next to it. Um and 00:14:00.480 --> 00:14:02.397 just let it like completely power itself. 00:14:02.480 --> 00:14:03.997 Right? And just like let it go. 00:14:04.080 --> 00:14:07.277 Um and and and and yeah and and then as a consequence these issues are getting 00:14:07.360 --> 00:14:10.437 are getting intertwined. Um and so and so what and so what's happened is the 00:14:10.520 --> 00:14:14.037 Trump administration is both extremely pro building AI and building AI data 00:14:14.120 --> 00:14:17.757 centers and they are very pro American energy production. And then those issues 00:14:17.840 --> 00:14:21.557 are linked because the data centers need need energy. And as a consequence the 00:14:21.640 --> 00:14:25.357 other the left has become as a consequence increasingly anti-AI. And 00:14:25.440 --> 00:14:28.197 has always been anti-energy and anti-nuclear. And now they're combining 00:14:28.280 --> 00:14:30.837 that together. And then of course Tucker is the latest 00:14:30.920 --> 00:14:34.597 twist on this which is you now have a rump sort of 00:14:34.680 --> 00:14:37.597 uh I don't even know what to call it anti-tech anti-AI anti-energy movement 00:14:37.680 --> 00:14:42.037 on the far right. Um and so you've you've got you've got the horseshoe theory. 00:14:42.120 --> 00:14:44.517 You've got the horseshoe theory where the the Bernie position on AI and the 00:14:44.600 --> 00:14:47.677 Tucker position on AI are becoming closer and closer and closer. 00:14:47.760 --> 00:14:52.117 And so so anyway, so that's the backdrop uh to to to to all this. 00:14:52.200 --> 00:14:55.117 This is why I think it's a great I think what Kevin is doing is a fantastic idea. 00:14:55.200 --> 00:14:57.317 I think obviously he should build that thing. 00:14:57.400 --> 00:14:59.997 You know, should he get the tax breaks or not? I don't know. Whatever. Um 00:15:00.080 --> 00:15:04.277 should he build the thing? 100%. So the argument about the tax breaks is that 00:15:04.360 --> 00:15:08.997 states offer tax breaks because they're in in competition with other states. For 00:15:09.080 --> 00:15:12.837 for certain categories of businesses. Um and so this happens Kevin said it. This 00:15:12.920 --> 00:15:16.397 happens with manufac if if if in the in the in the rare event that I want to 00:15:16.480 --> 00:15:19.437 open a manufacturing plant in the US which generally people don't even try 00:15:19.520 --> 00:15:22.317 anymore. But in In event you want to, you you bid it out to the states and you 00:15:22.400 --> 00:15:25.760 see who gives you the best tax break.