This is an I-Heart podcast.

KFI AM-640.

You're listening to the John Cobalt podcast on the I-Heart Radio app.

We are on every day from one until 4 o'clock,

and then after 4 o'clock, John Cobalt's show On Demand on the I-Heart Radio app.

This is really important.

You should be listening to this.

We've had Michael Mischae on several times. He's a professor from USC. And he's coming on again, along with James

Rector, a professor of civil and environmental engineering at UC Berkeley. Now, Rector's research

focuses on oil and gas reservoir geophysics, among other things.

They are both coming on because we're in a real crisis point here in California.

We've told you about this.

You could look at gas could be $8 a gallon, no kidding.

Because we have two major refineries closing in the next few months.

One in the Wilmington-Carsin area,

the other up in Northern California in the Bay Area in Benicia.

And when they close, it means we will have lost 21% of California refinery capacity for gasoline,

21%. And California's crude production oil has fallen by 65% in the last 25 years.

And it keeps going down.

And this means a crisis.

Newsom is trying feebly to address it.

And we're going to talk about this now with Michael

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