i have been fond of both because magellan is a publicly traded partnership, while one oak is the sea corp there are complicated tax consequences which some of the shareholders have said they're voting against the merger they say their investors will only pay new taxes from the takeover premium and a lot more to be had. they point out the timing of one of the deals is advantageous because the taxed owed by magellan's union holders are likely to increase soon. if it continues as an independent entity, i know it's complicated which is why i want to take a closer look at aaron, the president and ceo of magellan midstream and have to talk to what's happening to the union and the deal welcome in >> thanks for having me. >> well, i want people to understand this combination is a powerful one and that i have -- people should be shifting from traditional electric utilities that are yielding 3% to 4% to consistent pipeline companies that aren't as levered to a commodity as you think why don't you talk us through the new one. >> the combined company is going to be exciting it will have refined

, where magellan first saw them. and this is a an imperial cormorant with flaps down and the landing coming in for landing and to make it with nesting material just out of the airport. this is a wandering albatross with the wingspan in the world off the coast of south georgia is the way of the albatross. again absolutely stunningly beautiful birds on and now now we're going to wind this up now i'm going to take you back to the of this. here i am sitting by homestake creek watching the fish, figuring where to cast my line. in 1955, on a trip that i made with father in 1955, the before i graduated high school and we had gone up to homestake lake at 1955, which was a pristine lake left by the glaciers and, which was undisturbed and absolutely gorgeous, where i always wanted to be able to take my own children and and now this this was turned into an irrigation ditch for the city to in colorado springs. and took to water bluegrass and golf courses. now at the end of the book and the epilog is a poem that i'm going to read

was prepared for just thought get them up, but board to go with my arrest was expected to go to magellan meal, and i recorded this message of the form i arrest sort of a key. i have only one appeal of west. don't sit at home silently off the girl, we took the back, put on it the judge up there, keep protesting peacefully on till you get your phone demand to rice. go up to the middle of electing your government. and by boat board gives you a pretty whole commitment that have come up a quote in the capital sentence con to 3 years in prison. but a legally sailing steed gifts as a prime minister on his denied wrong doing, and claimed he had legally, but to use the items his lawyer did say they would use their right to appeal to you or the case has not been decided on merit. we were not given a certain amount of time for argument like you quotes of time hon became prime minister. so into your team, what was altered and then no confidence was last year that there are you part of the other kind of, let's say he lost the backing off the top minute. the generals know as the next general elections

finally we pass into the magellan strange. our expedition eva and learn from his mate in chile. this is my name is oliver i think we've got a long way until see exactly what this one is achieved. i can sort of list of the various things i'm proud that we've done. you know we've got red aerial footage of the little c. century area we've done dives in places where no humans of seeing the pop out of those calls the sea bed that's one of the the big thing the thing we're trying to is making this place. accessible for people and we can bring the story back into people's living rooms and making the case in as public image accessible way to to really elevate the debate to to where it needs to be. this old building momentum to was getting to a place where it's easy and we don't have to log these huge campaign similar to persuade governments to to put huge areas of the ocean off limits because just common sens. we made the case people have spoken out policies on have a mandate and we just go for it. winning century status for pristine areas like the weddle see takes enormous internationa

where magellan first saw them and this ist an imperial with flaps down and a landing pattern coming in. this is a wandering albatross with the longest wingspan off the coast in south georgia. here is an albatross again, extending the stunning burden the galapagos. now we go to wind this up and i will take you back to the beginning. here i am sitting by the creek watching the fish figuringng out where to cast my line in 1955 on a trip that i made with my father in 1955 the summer before i graduated high school. we had gone up to homestake lake which was a pristine glacier lake that was left by the glacier and i always wanted to be able to take my own children. now this was turned into an irrigation ditch in the springs. at the end of the book and the epilogue is a form that i'm going to read to you and then we will be done. so i went on this trip to the headwaters of the creek above what used to be homestake lake where my dad and i used to go fishing in the beaver dams in the area right above the lake so i went on this trip by myself and walked over to look down on this area where we

where magellan first saw them.nd this is an imperial with the flaps down and landing pattern coming in for a landing and making nesting material just right out of the airport. and this is a wandering albatross with the longest wing span in the world off the coast of south georgia. and here is a waved albatross, stunningly beautiful birds in galapagos. we're going to wind this up now and take you back to the winning of this. here i am sitting by the creek, watching the fish, figuring out where to cast my line in 1955 on a trip that i made with my father in 1955, the summer before i graduated from high school. and we had gone up to home stake lake at 1955, which was a pristine glacier lake left by the glaciers which was undisturbed and a gorgeous place where i always wanted to be able to make my own children and now this was turned into an irrigation ditch for the cities in colorado springs and to water blue grass lawns and golf courses. the end of the book, the ep log is a poem i'm going to read to you and then we'l

where magellan for shot saw them. this is an imperial -- the latin pan are coming in, landing with no material. right out of the airport. this is a wandering albatross which the longest wingspan in the world in self georgia. here is a wait albatross again, a stunningly beautiful bird in the galapagos. now we are going to winds up now and i'll take you back to the beginning of this. here i am sitting by the creek watching fish, figuring out where to cast my line. in 1955, on a trip that i made with my father inducted 55, the summer before i graduated my school. we have gone up to the home state lake at 1955 which was a pristine greyish or lake left by the glacier. it was undisturbed and a gorgeous place where ice always wanted to be able to take my own children. now, this was turned into an irrigation disk for the cities of colorado springs. to water bluegrass lawns and golf courses. at the end of the book in the epilogue, there's a poem that going to read to you, so this poem, i went on this dive trip myself up into t

magellan first saw them. this is an imperial cormorant. flaps down in a landing pattern coming in from landing with nasty material. just right out of the airport. this is a wandering albatross with the largest wingspan in the world off the coast of georgia. here is the albatross again an absolutely stunning bird on the galapagos. now we are gonna wind this up now. we are going to get back to the beginning of this here i am sitting by almost a creek watching the fish trying to figure where to cast my line in 1945 on a trip that i made with my father in 1955. the summer before i graduated from high school. we had gone up to home state lake in 1955. a pristine grader lake left by the glaciers. enough of the gorgeous place. i am going to be able to take my own children there. now this was turned into an irrigation ditch for these cities around colorado springs. two new water bluegrass lawns and golf courses. at the end of the book as an employer of a poem i want to read to you and then we will be done. this poem

the other strategic c line of communication i have in the southcom ao are is the strait of magellan and the p.r.c. building capability in these waterways and along the opening at along the way on these waterways, yeah. so i worry about the flipping and using it for military applications. there's a lot of chinese based -- there's not a lot of chinese bases yet in this hemisphere but i see it with these critical infrastructure investments, these belt and road initiative projects, that there could be sunday. >> that includes cuba as well. >> it does. >> another question. christian white asks how are you and southcom broadly viewing climate change as a security challenge? can you provide examples of advents or to restaurant -- examples of events or disruptions? >> we were talking earlier about migration and climate change in the severity of storms and the frequency of storms are getting stronger and more frequent. so the five lines of effort, the climate adaption plan the parma defense has developed. i have some seed money for starting out with climate change and being able to put that to u

not that long ago, we had one oak buying magellan midstream.oday, we have a really huge deal energy transfer partners is spending $7 billion but buying a very, very good company, and this time, it's crestwood. crestwood has good assets in the middle of the country but it also has powder river basin, which is wyoming, and it has markets which happens to be the end of pipe is next to the stadium at the link where we'll be soon, should be good. now, one of the things that i really like about this is that this is what individual investors have been in for a long time, because they're tax advantaged, these pipelines and this is a very tax advantaged deal with interest rates high, you tend not to want to own this group, but i know many, many people in energy transfer. this is kelsey warren. this thing looked like at one point they had taken down so much debt that it would be a disaster didn't happen. this group, and you can look at it there, usually kane anderson has an mlp etf that has been terrible but is now coming back. i urge people to think abo

looks like fun. 15 magellanic penguins, one suffering from different types of elements were releasedack into the ocean in argentina. look at him go. the penguins had been rescued along the beaches of witness iris between 2022 2023. they showed signs of malnutrition and hypothermia. one of them had been foiled. another one had adjusted plastic. so they all just needed a little bit of i'm loving care there. this shows the moment that group released back into the atlantic ocean after being nursed back to health. >> we do with that. >> some incredible video here as a rescue team works to help a humpback whale caught up in an anchor and rope off of australia's gold coast. crews from the seaworld rescue team successfully untangle the whale from the equipment east of surfers paradise. they say it was a pretty challenging operation as the whale was swimming at a pace of 8 to 10 knots, which is about 9 to 12 miles per hour. in a statement, seaworld said the highly trained team managed to grapple a large bowie onto the trailing rope which put enough pressure to remove that anchor and rope from

i had embridge on the day before they own the big pipes out of the permian that magellan doesn't own,n fire, and no one cares because people think one day, we'll wake up and there is going to be no nat gas and no oil, but i think this nat gas price could be breakout. if this thing takes out three, you want to buy coterra, because they have a dollar cost for nat gas. think about how much money they're making people didn't like the quarter i thought that was silly the stock's on fire. >> only commodity up more from the recent lows is orange juice. >> i know. rice is very high. >> and rice is having trouble too. >> but i've got to tell you, i think nat gas breaks out here. we stopped talking about the war. >> the war is just so horrible >> just horrible >> cluster munitions are actually working for ukraine, reading "the journal" today. it was just the loss of -- >> just horrendous >> we can talk about it more as we get into the colder months if it continues quick reminder, you can get in on the cnbc investor club with jim. find out more at cnbc.com/join the club or using qr code on your