00:00It's unlikely to be cancelled, and this is why.
00:03We're talking about a 2 gigawatt project here.
00:05That's a $100 billion investment that they maybe end up getting $30 billion a year
00:12rather than $20 billion of profit for.
00:14What that means is they will find a way.
00:17If they have to have somebody run in the desert with champagne bottles full of natural gas
00:22to get it to the site, they'll pay for that because the stakes are so high.
00:26So it's really just a matter of does it get postponed because you have to reroute a pipeline
00:31or renegotiate or pay a local municipality more than you were expecting.
00:36The likelihood of a project that big getting cancelled are still quite low.
00:40Now, having said that, because Oracle has so much debt and has so much debt service coming on at that
00:47point,
00:47that's why investors are more worried about Oracle.
00:50They're very highly leveraged.
00:52They're building a lot of their capacity based on debt.
00:54So they don't have a lot of wiggle room, even for postponements,
00:59even if the project does end up happening.
