California's Wealthy Go to Florida Amid Billionaire Tax Fight & IEA to Release 400 Million Barrels of Oil from Reserves

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L.A. Times Studios

News, Daily News, Society & Culture, The Times, California

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🗓️ 13 March 2026

⏱️ 8 minutes

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Summary

Florida's no state income tax and pro-business policies are making it a haven for the wealthy, especially tech billionaires from California. Meanwhile, Iran's attacks on commercial ships and oil refineries in the Persian Gulf have prompted the International Energy Agency to release 400 million barrels of oil from emergency reserves, with the U.S. contributing 172 million barrels. And Noma's head chef René Redzepi is stepping down from the restaurant he helped create in 2003, but his LA pop-up will go on. Read more at https://LATimes.com.

Transcript

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0:00.0	This is an L.A. Times Studios podcast. and the and a question. It's a great and a great
0:21.6	and the world is
0:23.6	the world is
0:24.6	the Iran has released dramatic footage of its forces attacking a tanker off the coast of Iraq.
0:50.4	Now, this was part of an attack that saw two tankers attacked there. The Iraqis
0:55.2	shut down their oil terminals in response, and this video aired on state television in Iran
1:01.2	showed someone shouting, God is the greatest, as a giant fireball emitted from one of those
1:06.4	tankers. anchors. and the people. You're a good time for a time for a time.
1:27.8	It's a good idea.
1:29.8	I think of the future.
1:31.8	You're just a very,
1:33.8	you're pretty, and you're just,
1:35.3	you know,
1:36.3	the people and the people who are
1:38.3	to get a little bit of the difference
1:40.3	and it's,
1:41.3	and the most of the people. But we can get a little bit of a car of strategic. When I'm going to
1:47.0	we're going to be the 30ryl of our reserves strategic.
2:01.6	When I do we, it's the 30then of the
2:04.2	country that are in the Agency International of Energy.
2:07.6	These 400 million barrels, for you
2:09.0	to give an order of idea,
	...

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