Kyle Rizdahl

And also, not for nothing, as inflation goes up, so too do interest rates because central banks around the world try to control it.

And so we all wind up paying more for money as it is.

And the answer is we just don't know, right?

We just don't know.

We just don't know.

Emma Court, she's a reporter, covers climate and Bloomberg.

Fascinating piece.

Emma, thanks so much for your time.

I appreciate it.

Thank you.

California and Texas are one, two on the list of the biggest state economies.

And they're really the similarities.

And one need not digress.

I think energy is our focus today, though.

In California, refineries are closing after years of slowing investment and tougher regulations and state goals for decarbonization.

In Texas, meanwhile, oil and gas are stronger than ever.

Marketplace's Elizabeth Troval does the compare and contrast during this historic energy shock.

I'm in Blue Coveralls touring Chevron's refinery in Pasadena, Texas.

Facility manager Alan Phillips points to a massive gray box and silverish tower.

He's showing me the heart of this refinery, the crude unit.