The infrastructure to charge these vehicles is not there: Rick Perry
To your former US energy secretary, former Texas Governor Rick Perry, Governor, it's great to see you again. So this story, this is another set back for the Biden agenda in Michigan. You know, Democrat Governor Gretchen Whitmer spending billions of tax dollars to do Biden's electric vehicle mandate more factories, but they've only created 200 jobs, not the 12,000 she said were coming. Yeah, well, listen, economics, you know, you, you can sway it a little bit. You know, you can spend a bunch of government money and maybe move the heading of the ship a couple of degrees. But the fact is economic supply and demand works. And when the American people get ready to buy these electric cars, at the level of which it sends the message to the to the manufacturers and to the infrastructure builders, that's when it'll happen. And no matter, you can wish it would happen, you could hope it could happen. You can spend money on it. You can promote it, but until the American public goes, you know what? This is what we want to go with. This is what we want to buy. We like it. And the infrastructure's there. I think that's the big killer, Elizabeth, the infrastructure to charge these vehicles. It's just not there. And until that happens, you're going to be pretty much stalled in traffic, so to speak. So where are all the hundreds of billions of taxpayer money going? Is this a sleeper issue? Is this a sleeper debacle for this Biden White House? Yeah, it is this a Solyndra issue of the Obama White House for the Bidens? I, I I don't know. I'm I'm not pointing any fingers, but there's literally billions of dollars that have been ear tagged, earmarked, if you will, for these for this infrastructure and we're not seeing it. So good questions that I'm sure Congress is going to be asking. The old adage of you can take the horse to the through, but you can't make him drink is what's happening here with these electric vehicles. I mean, you look at what what's going on at Ford, Ford's CEO is saying this is he has said it's the main drag on its business, electric vehicles and they're going to take a $5.5 billion estimated loss for 2024. We see that from the other car makers. So this is again a man who's been in DC for 50 years, again doing top down government, not listening to the market it seems like. Well, and we're seeing the same thing with the LNG pause that's out there. You know, there's a couple of companies, I think Venture Global, one of them that's just signed a big contract to get LNG into Ukraine, another Texas company down in the Brownsville area that signed a contract with Aramco to sell LNG to Saudi Arabia. But these this LNG pause that we're seeing out of this administration, again, they are missing the, you know, they don't get economics, they don't get the world. They don't they live in this bubble in Washington, DC. It's a good point you make. This guy has been there for 50 years and and he does not understand what's really going on out there in the real world. And, you know, hopefully after November, we can get some common sense and some business acumen back in the way. Thank you so much. Good to have you on.