GLENN: Welcome to the program. So glad that you're here. A couple things that you should be aware of. Anybody who you're hearing talk about, you know, global warming and climate crisis and how they're glad these oil refineries are shutting down and how these evil oil corporations are getting theirs now, let me just say this: If you live anywhere in Texas, you should know that 90 percent of all of the gas that is in Texas comes through Houston, those oil refineries that shut down a few days ago.
There's no new gas coming out of those oil refineries. So if you are thinking about going some place for Labor Day Weekend, you might want to reconsider because I don't know, at least in Texas, if you're going to be able to get gas throughout the weekend. Lines are already starting to form here. Four gas stations on the way in had signs on the pump. Sorry, out of gas. They don't know when they're going to get gas.
I bet this affects more than just Dallas and Texas. I would imagine. I don't know the supply lines, but I would imagine a lot of the Gulf and southwest region is supported by the oil refineries that were shut down now in Houston. And we, again, don't know when they'll open up again. Get gas today, fill your gas tanks. And make sure you have some.
And I would highly recommend that you do it today and then reevaluate your plans. Also, you should know that 42 percent of all jet fuel comes from the Gulf. So if you haven't purchased a ticket on an airplane, you might want to purchase it right now, but I would check in to see if they have a fuel surcharge. Because if you buy a ticket and a couple of weeks they have no jet fuel or jet fuel is really, really expensive, if they can add a surcharge, they will. Because there's no more jet fuel coming out of the Houston area, at least for a while.
And, again, that jet fuel services 42 percent of the airline industry in America. It's going to get very expensive to travel.
Next week, we're going to give you a look at the -- the dominoes that something like this cause. You know, people -- people think that it was the stock market in 1929 that caused the crash. It really wasn't.