3 Podcasters Walk Into A Bar

3 Podcasters Walk into a Bar - EP 27 Battling Silly Outbursts and Policy Wars in the Energy Industry

#EnergyTruths #PolicyWars #SillyOutbursts #CleanEnergyFacts #NaturalGasMatters #ExecutiveOrderDebate #VoteForChange #RetrofittingConcerns #EnergyIndustryInsights #FightingForFossilFuels

Bullet Points:

- Climate change: The need for immediate action to combat climate change has become more urgent than ever. Rising temperatures, extreme weather events, and melting ice caps are clear signs of the crisis we face.

- Renewable energy: The transition to renewable energy sources such as solar, wind, and hydropower is gaining momentum globally. These clean energy alternatives offer sustainable and environmentally friendly solutions to meet our energy needs.

- Technological advancements: Rapid advancements in technology have opened up new possibilities in various fields, including artificial intelligence, biotechnology, and renewable energy. These innovations have the potential to transform industries and improve our quality of life.

- Global connectivity: The advent of the internet and digital communication has connected people from all corners of the globe. This interconnectedness has facilitated the exchange of ideas, knowledge, and cultures, bringing the world closer together.

- Social activism: In recent years, social activism has gained prominence as people become more aware of social and environmental issues. Movements advocating for equality, justice, and sustainability have sparked important conversations and influenced positive change in society.

00:00 - Intro

01:31 - Talks about David`s Article Silly Outburst from the Green Globalists and I mean this is a hoot U.N. Secretary-General Antonio Gutierrez

09:01 - This Administration is continuing to push the even micro war or side war against natural gas

10:48 - They are Forcing individuals a lot in the Northeast to change their foreign furnaces partner overnight by 2029

11:23 - Talks about Legislation through Executive Order

13:36 - Talks about Carbon Footprint Digital I.D. 17:51 - Ability to control vehicles having the ability to turn on and off a vehicle.

21:28 - Talks about Twitter

25:25 - Outro

David Blackmon is a Forbes author who writes Energy Absurdities of the Day. He has several active podcasts with ….. His industry leadership is evident, but a dry, calm way of expressing himself adds a different twist.

R.T. Trevillon is the podcast host of The Crude Truth filmed in Fort Worth Texas and runs an oil and gas E&P company. Pecos Country Operating has been in business for ….years and has a constant commitment to all of their stakeholders and is actively working in this oil and gas market.

Stu Turley is the co-podcast host of the Energy News Beat Podcast. While Stu is a legend in his own mind, he hosted over 500 episodes or conferences.

[email protected]

Show notes is being uploaded.

00:00 - Intro

03:18- Talks about Tucker Carlson

11:47 - executives from oil and gas companies and trade associations and subject matter experts, analysts from companies like in various.

14:25 - Talks about Governor Abbott and Elon Musk

17:58 - Talks about Rolling Blackouts

20:24 - Legislation in Texas passed a couple of billion to put in and natural gas plants to back the grid up

22:32 - Social Issues

27:02- Outro

David Blackmon is a Forbes author who writes Energy Absurdities of the Day. He has several active podcasts with ….. His industry leadership is evident, but a dry, calm way of expressing himself adds a different twist.

R.T. Trevillon is the podcast host of The Crude Truth filmed in Fort Worth Texas and runs an oil and gas E&P company. Pecos Country Operating has been in business for ….years and has a constant commitment to all of their stakeholders and is actively working in this oil and gas market.

Stu Turley is the co-podcast host of the Energy News Beat Podcast. While Stu is a legend in his own mind, he hosted over 500 episodes or conferences.

[email protected]

0:00 - Intro

04:48 - sustainable at losing $60,000 for every EV you sell

11:42 - wind, solar, and electric race in texas

17:25 - Talks about Exxon acquiring pioneer -merging and has cash of $50 trillion

26:47 - United States is still one of the cleanest nations in the world

32:39 - Outro

David Blackmon is a Forbes author who writes Energy Absurdities of the Day. He has several active podcasts with ….. His industry leadership is evident, but a dry, calm way of expressing himself adds a different twist.

R.T. Trevillon is the podcast host of The Crude Truth filmed in Fort Worth Texas and runs an oil and gas E&P company. Pecos Country Operating has been in business for ….years and has a constant commitment to all of their stakeholders and is actively working in this oil and gas market.

Stu Turley is the co-podcast host of the Energy News Beat Podcast. While Stu is a legend in his own mind, he hosted over 500 episodes or conferences.

[email protected]

The guys are back at it today.

 Podcasters Walk in a Bar - Episode 24_mixdown.mp3

00:00 - Intro

03:22 - Talks about Electric vehicles

08:10 - Oil and Gas Workers Association

09:44 - banned gas-powered stuff like lawnmowers and other things and natural gas

13:15 - BRICS alliance

19:07 - opening up a new coal power plant every week in China, talks about the US progress

22:46 - Outro

David Blackmon is a Forbes author who writes Energy Absurdities of the Day. He has several active podcasts with ….. His industry leadership is evident, but a dry, calm way of expressing himself adds a different twist.

R.T. Trevillon is the podcast host of The Crude Truth filmed in Fort Worth Texas and runs an oil and gas E&P company. Pecos Country Operating has been in business for ….years and has a constant commitment to all of their stakeholders and is actively working in this oil and gas market.

Stu Turley is the co-podcast host of the Energy News Beat Podcast. While Stu is a legend in his own mind, he hosted over 500 episodes or conferences.

[email protected]

The world is lining up to join BRICS, and what does that do to the U.S. Dollar? After you listen to the gang, let us know what you think.

David Blackmon LinkedIn

DB Energy Questions 

The Crude Truth with Rey Trevino

Rey Trevino LinkedIn

Energy Transition Weekly Conversation

David Blackmon LinkedIn

Irina Slav LinkedIn

Armando Cavanha LinkedIn

Follow Stuart On LinkedIn and Twitter

Show Notes being uploaded shortly - the guys are in rare form.

00:00 - Intro

03:04 - Talks about Investigation about Who Blew up the Nord Stream Pipeline

10:00 - Talks about RT`s Article: Rey Trevino: The good old horrible poll industry and How it is that Pakistan is now getting ready to build a new coal Power Plant.

13:00 - Talks about Osama Rizvi`s Interview about whats going on in Pakistan

14:27 - Talks about Natural Gas

15:13 - Talks about DR ED Ireland`s Article

17:41 - Talks about The Response of Energy Minister in Germany about EU`s Plans to do a subsidy program of their own.

19:00 - Talks about Indias Bio Compressed Natural Gas

19:59 - Talks about Trump being arrested / Ron DeSantis vs Donald Trump

25:53 - Outro

Stuart Turley [00:00:09] Hey, Everybody, Welcome to the 3 Podcasters Walk into a Bar. You ever had that goofy uncle at a birthday party or Christmas vacation or something like that? And he walks up and says, These three people walk into a bar and everybody runs for the couch.

Stuart Turley [00:00:25] Well, I happened to have two other guys, and it's this is 3 podcasters, brothers of the band of podcasting, and we cover Energy. First around the corner is the David Blackmon. David is a Forbes contributing author and he is got his own substack, he's on two other podcasts, he's the man about energy.

David Blackmon [00:00:46] Hey, thanks for having me, man. This is always fun every Monday I always look forward to, we got a lot to talk about today.

Stuart Turley [00:00:53] We do. And by the way, our numbers are going through the charts for this so actually, we are funny. Okay coming around the corner, we've got the head honcho over there he's not the head honcho, but he's the one doing the work.

Stuart Turley [00:01:07] So he is you know, we're going to talk about that one here later on, but he's an EMP Operator over at Pecos operating and he's got The Crude Truth. All you have to do is search for Crude Truth and he's number one on Google that tells you what kind of animal he is out there putting that thing out there. So, anyway, Welcome, RT.

Rey Trevino [00:01:30] Oh, thank you. Thank you for having me. And yes, we do have a lot to talk about today and I just want to say, first and foremost to all our viewers and listeners, be sure to Like, Subscribe and leave us nothing but five star reviews because David can't handle the four and a half star.

David Blackmon [00:01:46] I don't take criticism well at all.

Stuart Turley [00:01:49] Hogwash.

Rey Trevino [00:01:50] You were you picking some vibes last week, but I'm going to leave it at that and that's all I'm going to say.

Stuart Turley [00:01:55] You know, we look for trolls, I live for trolls. And I you know, I absolutely love bringing it on and I love comments I want to talk to anybody. And anyway, I got two things that I kind of want to T-up. I want to T-up for one of our future discussions coming around the corner.

Stuart Turley [00:02:12] I put out on my Substack Now I have to pretend to be like to you and David, you know, I'm stealing their material, but I've got a couple articles that I want to a tee up for next week and that is The Movement of the Petro Dollar to the petro one in China. And there is about 16 different things that are coming around the corner that are impacting this in the Biden administration guys.

Stuart Turley [00:02:38] I think they're just handing it to Saudi Arabia, Russia, Iran, Iraq, India, and it's moving away and that's going to be devastating to the U.S. So just want to T that up substack TheEnergyNewsBeatsubstack.com.

Stuart Turley [00:02:54] Okay. That being said, David, you are a Nut absolutely not only a troll hunter, you absolutely had one we had a little while ago it was a guy on Substack. He was a really big author he's the one he's been around for 50 years beautiful guy. Said that the Nord Stream was blown up by the U.S. Norway came in an area.

David Blackmon [00:03:22] Seymour Hersh

Stuart Turley [00:03:23] Thank you and it was just a hoot. We're all sitting here going to go on now with some detail, Even if it was false, if it was right, who knows. But, David, you're absurdity of the day, which is huge. Tell us about that. I about fell out of my chair.

David Blackmon [00:03:38] Yeah. So over the weekend folks you can go read it at the Wall Street Journal website it's an op-ed that ran actually on Friday the 17th of March that is detailing the the investigation the international community has been investigating, trying to determine who blew up the Nord Stream one and two pipelines as if it's any great mystery, I think we all know at this point who it was.

David Blackmon [00:04:02] And they've they're now focusing, according to the Wall Street Journal, on six unidentified individuals who leased a yacht, the cruise around the Baltic Sea during the month in which a month before Nord Stream two pipelines were blown up.

David Blackmon [00:04:19] And they even published a map of the route that the yacht took with these six individuals, mysterious individuals on it as they label them. And never one time did that yacht come within 25 miles of the Nord Stream pipeline okay?. I mean, it's just the most ridiculous and absurd story you've ever read in your life.

David Blackmon [00:04:40] But the claim apparently, is that these these boaters just jumped off the boat and swam 25 miles with a bomb strapped to their back and managed to somehow go down 260 feet down below the surface, which is where those pipelines are that's decompression time, folks that's that's an incredibly deep depth for scuba divers to dive, you know, unless they're Navy SEALS. Which one person who responded to my Substack piece on the said it's got to be somebody with that kind of training.

David Blackmon [00:05:11] And blew those pipelines up without the boat ever coming within 25 miles of it. This is the most ludicrous it's as if these people want to put out the most ridiculous and absurd story possible just to insult our intelligence and for no other reason.

David Blackmon [00:05:27] And it's it's unimaginable to me, number one, that anybody who writes for The Wall Street Journal would have written this story and number two, that any editor would have approved the story and number three, any publisher would have published the story. It's it's a an all time low in the Animals of American journalism you can read it my take on it anyway at Blackmon.substack.com and that's my commercial for today.

Stuart Turley [00:05:51] That was a hoot. And RT, that guy was so good he was talking about the bans and even only if they made it halfway across the interview. Yeah. And they had to have the equipment, they would have just died. And Lloyd Bridges had a Sea Hunt this tells you how old I am could not have made the 25 mile ride and then even voyage to the Bottom of the sea and the novelist couldn't have made it either. I mean, they would have just absolutely failed to so RT.

Rey Trevino [00:06:25] I think, you know, when I read this this morning and I do my best to really read those energy absurdities because it's almost like some of the I had compared to when I was a young guy, young kid watching Saturday Night Live in the early nineties and didn't understand it. Then you go back and rewatch and you just laugh even more.

Rey Trevino [00:06:43] So it's fun to read David's take on it, then go read the actual article and be like, What? Like? And then you just go back to David's article and you just laugh and all I could think about then, you know, I'm not that old Stu is that this writer must have been watching James Bond's 1963 Thunderball the night before and goes, Crap, I need my articles is due by 10:00 this morning.

Rey Trevino [00:07:08] What am I going to write about? And comes up with this elaborate, I mean, that's exactly what I thought about that if anybody there watched the great scenes from Thunderball with all these awesome underwater fights.

David Blackmon [00:07:18] Oh my God,.

Rey Trevino [00:07:20] All this equipment that they use and I'm like, this is ridiculous and.

Stuart Turley [00:07:24] There's no way RT.

Rey Trevino [00:07:26] What they are doing here....

David Blackmon [00:07:27] That is so funny I almost actually wrote that in my piece.

Rey Trevino [00:07:31] No, you did not!

David Blackmon [00:07:31] I should have. I should have included it. That actually popped into my mind.

Rey Trevino [00:07:36] But it's just the clear. It's just another example of you said, look, The Wall Street Journal, there's something my father still has the actual Wall Street journals from the day that I was born. January You know, and because and you know, just as a memento of the day and has it for me and all my brothers and that's a real newspaper.

David Blackmon [00:07:55] Used to be Yeah

Rey Trevino [00:07:57] Oh, big enough for them to write this article. I just I'm, I'm don't found it. I'm like, you know what, what you know it just I'm speechless there it is. I'm speechless with this article, it's like, guys, we probably know who did it I don't know why we're still worried about it at this time. There's nothing good that can come out of it the Hout the more finger pointing, which, you know, when you got a finger pointing at you, you got four pointing back at you, right? Isn't that what they say? So there's really no need to continue this let's just work on getting Germany natural gas that they need to continue to survive and prosper if t

00:00 - Intro

02:15- Talks about Cementless Cement

4:15- Talks about Coal Usage has gone up

08:32- Talks about amount of Reserves

11:53- Talks about power structure and grid gets older

13:27- Talks about Renewables on the grid

14:58- Talks about the IRA is subsidizing

18:31- Market Updates

23:52 - Outro

3 Podcasters Walk in a Bar Episode #21 

Stuart Turley [00:00:10] Hey everybody! Welcome to today. Today is not only a great day, it's a wonderful day because I'm here with two of my favorite compadres. Never had that really funny uncle as he is at a party, and he says these three guys walk into a bar. I have no the other two guys, and they are two podcasters here, and we're three podcasters walk into a bar. I got David.

David Blackmon [00:00:33] Black, B-L-A-C-K-M-O-N

Stuart Turley [00:00:35] I was trying to think of something else. David I had a senior moment and I'm over here going to David Blackmon, who is a Forbes contributing author. And I mean, he's got the energy question. He has got his substack He is a man about town, who just got back from a cruise. Welcome, David. Thank you for stopping by.

David Blackmon [00:00:54] I'm tanned and rested and ready to go Stu let's hear it.

Stuart Turley [00:00:58] Boy, last week you look like Doug. I mean, you came in hard partying, hard off of that groove. You could barely even move.

David Blackmon [00:01:06] Yeah, well, that's just part of the general vibe. I get lost.

Stuart Turley [00:01:10] I got nothing on that. Our next guy. Yeah, We don't want to dodge that one. RT is coming around the corner and about warp speed. RT is a head honcho over there at Pecos Operating Corporation, an amp operator in Texas Oklahoma. He's also the podcast host for the crew. Drew's the one and only Crude Truth. Welcome RT

Ray Travino [00:01:34] Hey, welcome. Welcome. Welcome to you, gentlemen. I hope everybody had a great game and am excited to be doing this again on this wonderful Monday start. What, every.

Stuart Turley [00:01:42] Day? We got an action-packed show today. We want to talk about some of that, as we say in a text Okay kind of slang some of that ESG got me and you got a couple that is going on there, Dude.

David Blackmon [00:01:55] I drink a quart of it a day. I think.

Stuart Turley [00:01:57] Oh my gosh.

David Blackmon [00:01:59] The carbon footprint shrinks all constantly.

Stuart Turley [00:02:01] I don't want to know about that. Do you have medication for that? Because I can.

David Blackmon [00:02:05] Do I got three or four of them pretty I got to call my doctor's office room or over to get a prescription removed.

Stuart Turley [00:02:10] So nice. Now, what was your article you were going to talk about? What our Well, we had.

David Blackmon [00:02:15] A really interesting announcement from SLB. You used to know this company is Schlumberger, a big oilfield service company that's now bills itself mainly as a technology company. And there's good reasons why they have been introducing a bunch of new technologies over the last year. And at Ceraweek this week, they rolled out what they're calling cement with cement,.

David Blackmon [00:02:40] Which is an alternative product to the cement we all use, everyone uses in industrial applications, construction, and across the entirety of the oil patch. Upstream, midstream, downstream, cement, and steel are the two main ingredients in oil and gas and in the oil and gas business. All right.

Stuart Turley [00:03:01] I can't wait to talk about this one. Explain to me in my stupidity since I went to Oklahoma State University. What the hell is cementless Cement?.

David Blackmon [00:03:09] Yeah. It's an alternative product that they source. They make it from waste materials, and locally sourced natural products, and they have run an 18 well pilot tasked with pioneer natural resources in the Permian Basin as a proof point on the effectiveness of the technology. And pioneers apparently very happy with it and continuing to use it for future operations. So that's a good sign.

David Blackmon [00:03:36] And, you know, the thing that makes this such an interesting, tenaciously game-changing technology is that the carbon footprint of carbon of cement is enormous. It's one of the biggest drivers. CO2 man caused CO2 emissions globally.

David Blackmon [00:03:53] And if you can develop alternatives with a much lower carbon footprint, it could be really impactful in the whole ESG debate. SLB says that this product lowers lifecycle carbon emissions compared to actual cement by 85%, which is a huge, huge reduction.

Stuart Turley [00:04:15] Call me, call me skeptical. But here's the thing we use currently, California's coal usage has gone up over the last several years because they use coking coal to make cement. So if we can get rid of coal usage, I'm in. But if we're using polychlorides and other chemicals that just took out Ohio, I'm not really interested.

David Blackmon [00:04:42] Oh, Vinyl Chloride now. Yeah, I doubt that's an ingredient here. I, I don't have all the details on it yet. I'm hoping to get an interview with one of their senior executives next week,.

Stuart Turley [00:04:53] Nice.

David Blackmon [00:04:53] To talk in more detail about it, and we'll have a subsequent report. But I wrote a story about it at Forbes on Monday. And, you know, just to get what details were in their release and out to the public and not trying to do a commercial here, but it. This is a significant thing. So I think everyone should be aware of it.

Ray Travino [00:05:12] Well, I'm just thinking, you know, as an operator myself, you know, being a pioneer, we have one thing in common water, oil, oil. Well, that's about it. But, you know, this is very interesting to hear because, you know, I know for us and anybody else, you got to seaman all around your casing and through your water source to protect the water source, which a lot of people don't. Don't understand that we do.

Ray Travino [00:05:37] Because, you know, again, we drink the same water, so we do our best. So it'd be really interesting to see how this, you know, again, how it holds up long term. And if the Pioneers already done this to 18 wells, that's not an I mean, in my opinion, I know Pioneer is a large company, but to do 18 wells, that's no joke today.

David Blackmon [00:05:58] That's pretty slow.

Ray Travino [00:05:59] Yeah, it's very significant. So they must be pretty happy with whatever the cement list cement is. And the Filby wants another smaller operator, give it a test drum, you know, Hey, you know, they could find a Pecos Country operator, and I can tell you that much I always about trying to save and protect the environment long term.

Stuart Turley [00:06:18] I am absolutely thrilled about this because of any energy tech we can use to save the carbon footprint. But Occidental Petroleum was probably a little upset since they're trying to enter into the 40 billion a $4 trillion market of carbon capture, they're going around destroying our market here.

David Blackmon [00:06:38] I think there's still plenty of other carbon emissions out there today.

Stuart Turley [00:06:42] Oh, okay.

David Blackmon [00:06:43] I don't think they're going to have any shortage of feedstock for carbon capture.

Ray Travino [00:06:48] No doubt. Oh, thanks, buddy.

Stuart Turley [00:06:51] Well, Artie, what's your story?

Ray Travino [00:06:52] Well, you know, here we are already in March, and I won't say about how the weather has been so far for March, and hopefully it'll continue and I'll leave it at that. But we didn't have a very bad winter. Yes, we had one or two days in December and one or two days in February. But as a whole, you know, the weather this winter was not very bad.

Ray Travino [00:07:14] And which is a very good thing, not only for us here in America but also in Europe. But one thing that I read today, it really is kind of a canary in the coal mine as the Arctic we've been using as an example, is up in the Northeast that their power grid is continuing to get older and that due to their regulations and their lack of pipelines and the old this of their infrastructure, that that is actually one of the largest power grids in America and that it is going to get I guess the best way to put it is they really need to start updating it or else we could see some major power outages and the most one of the most populated areas in America in the near future.

Ray Travino [00:07:54] And, you know, we've talked about it before that, you know, they have such old rules and regulations that really hinder them from getting all the modern necessities of getting more reliable natural gas to that entire northeast area.

Stuart Turley [00:08:09] You know.

David Blackmon [00:08:09] Yeah, you've had a blockade. Oh, go ahead, stay.

Stuart Turley [00:08:12] Oh, sorry. I learned a lot. Mike, You and I talked about Meridith Angwin on shorting the grid on her book. I learned a lot from her in our podcast. Same shameless plug on my podcast, but it's even more than that is there's another article that came out last week and we talked about the amount of reserves.

Stuart Turley [00:08:35] Soon as you throw the renewables on there, you got to add another 180% for the renewables instead of just adding 20%, which is the industry standard for natural gas and or a coal plant that you could use be

00:00 - Intro

03:35 - Talks about Oilprice.com Article Talking about how they're expecting the price of oil to be over 100 here at least come summertime and through the rest of the year

05:02 - Talks about Oil Prices and Recession

07:42 - Germany Recession to Depression

10:05 - Talks about Coals and LNG

13:51 - Talks about Coal and Natural Gas

16:49 - Talks about East Palestine OHIO

20:03 - Outro

The gang is having fun

3 Podcasters Walk in a Bar Episode #20

Stuart Turley [00:00:13] Hey, everybody, Welcome, today is just a great day because I get to talk to two of some of the best compadres on the planet. You ever had an uncle start up at a Christmas party or a holiday or a 4th of July and he says these three guys walked into a bar.

Stuart Turley [00:00:31] Well, this is three podcasters walk into a bar. And I got two other two podcasters here. I got David Blackmon. I mean, he is a Forbes contributing author. He is a legend and a man about town. How are you David?

David Blackmon [00:00:46] I'm just fabulous, man. Just got back from my cruise in Mexico and ready and raring to go.

Stuart Turley [00:00:52] Oh, hogwash. You look so tired you can't even see.

David Blackmon [00:00:57] I've had 48 hours to recover. Oh, I'm good.

Stuart Turley [00:01:00] No, you're not. All right. Hey, we're going around the corner here to our t. I mean, we're talking RT Trevino. He's a big dog over there at NPR operating and I'm sitting here trying to talk like him. And the operating Camp Oil and Gas company here in the Dallas Fort Worth area. He's the podcast host for The Crude Truth. Welcome RT.

Ray Trevino [00:01:25] Oh, thank you for having me and welcome back to the United States, David. I'm excited to be here.

David Blackmon [00:01:30] I made it through customs. It was great.

Stuart Turley [00:01:33] Body cavity search your other one?

David Blackmon [00:01:35] No, no. That is facial recognition, which made me extremely nervous but anyway.

Ray Trevino [00:01:41] Was it that blew thing or something like that?

David Blackmon [00:01:44] Now, man, they just you don't even you don't even have to fill out a form anymore. You just go through a line and they they take a picture of your face, make sure you're not on the terrorist watch list and you're Area.

Stuart Turley [00:01:56] Wow.

David Blackmon [00:01:56] Nothing to it.

Ray Trevino [00:01:58] Yeah. Yeah, well, nothing to it.

Stuart Turley [00:02:00] No, the border. You know, you got to learn that facial recognition so just to be checked out because we don't want to make any mistakes.

David Blackmon [00:02:09] Believe me, it didn't find that I'm a woman, So we're good there.

Stuart Turley [00:02:12] With that voice. Holy smokes. All right.

Ray Trevino [00:02:16] Oh, okay.

David Blackmon [00:02:17] Nobody's going to say anything.

Ray Trevino [00:02:18] No, I got nothing after that, you know? Does anybody Guess I don't? Did anybody watch Saturday Night Live or. Probably not. You had old Woody Harrelson?

David Blackmon [00:02:28] Woody Harrelson? Yeah.

Ray Trevino [00:02:30] Aint that funny joke at the beginning of the monologue, basically and it was I read a script in 2019, and it was basically a script of we're going to get all the drug cartels to basically force us in our houses and then not let us out unless we take their drugs. And I turned down the script because it's like, that'll never happen. Nobody would ever believe that.

Stuart Turley [00:02:56] Thats so funny, I'll tell you. Did you see the left wing wokers their heads exploded and it was across the country as soon as it started airing when he said and he made those jokes about it, they went nuts. Look He's talking bad about Covid. Boom, boom, boom, boom.

David Blackmon [00:03:19] Yeah.

Ray Trevino [00:03:20] The last I got to watch that, the laughs inside that SNL studio were not they were almost like comfortable laughs like, should we be laughing at. So.

David Blackmon [00:03:31] Yeah. Because they all know it's true.

Ray Trevino [00:03:33] Yeah. Well, you know, I do remember one thing is that on April 20th, 2020, you know, oil went down negative prices and, you know, nobody was asking me for a bailout. But what I'm excited to see is that Oilprice.com had a nice article today talking about how they're expecting the price of oil to be over 100 here at least come summertime and through the rest of the year and I can't disagree with that at all you know.

Ray Trevino [00:04:02] You've got Goldman Sachs that's saying it, and so is the big independent here in Texas, a pioneer, natural resources. And really, when you figure the demand is going up, whether we can talk about China hopefully here in a second, but whether China fully reopens or doesn't reopen, the demand is going up and supply is still not there. You know,.

Ray Trevino [00:04:26] The other day somebody was touting that, you know, oil and gas operators like myself, we've spent on average 50% more money last year, but we only got a 6% increase in production.

Ray Trevino [00:04:37] And the real reason is, well, because the cost went up, steel went up, pipe went up, service companies that hadn't gone up in three years when we hit $100 there for a little while last summer, they went up in price and they haven't gone back down. So and I'm afraid that when we do hit 100 again, are they going to go back up, which will not help out the situation at all?

David Blackmon [00:05:02] Yeah, of course they'll go back up. You know, I mean, that's how it always works. Price, price, commodity price goes up, service costs go up. Steel prices go up. And here's the thing. People better get used to these high prices for gasoline and because crude oil prices for the foreseeable future are going to be pretty elevated.

David Blackmon [00:05:24] Unless and we've talked about this before, the one thing that can cause oil prices to collapse is a major recession.

Ray Trevino [00:05:34] Yeah,.

David Blackmon [00:05:35] And we're starting to see a lot of people on the Democrat side in terms of, quote, economists now finally admitting that we're heading for a recession. And if we do go into a pretty significant recession, then that'll kill off a lot of demand and, you know, prices are going to be likely to fall again.

David Blackmon [00:05:55] But unless that happens, you know, oil prices should be elevated because demand is outstripping supply and and there's no real prospect for major supply growth this year or really in the next few years.

Ray Trevino [00:06:12] So if I may, and I kind of throw a wrench in here real quick is, as these people are starting to admit, that we're headed into recession. Would you see President Biden running for reelection if that's the case? Well, I know that's totally random left left quite out of left field.

David Blackmon [00:06:32] It depends on what whoever's making all the decisions in the Democratic Party want him to do. You know, I mean, he's not running anything. So whoever's really running the country, if they want him to run again, to be the face of all this, tried to do it for another four years, then yeah, it will run. But, you know, I think that man is so frail and it's just hard to imagine him doing this for six more years. It really is. Well, I'm shocked he's lasted this long, to be honest.

Ray Trevino [00:07:05] And the reason I ask is because obviously people are starting to admit we're going into a recession. And look, I know a lot of our listeners are on our side and probably agree with that. It's his policies that have taken us down this path.

Ray Trevino [00:07:22] So if these individuals in the government are starting to say we're headed towards a recession, I'm almost thinking are they basically throwing in the towel with Uncle Joe saying we're headed for recession we need to we need to switch it up. So that's why I run.

Stuart Turley [00:07:39] I think personally that the world is headed for a global recession and I personally think there are many countries and continents that will be in a depression. I think that you're going to see many of the European countries going into a depression, and I think there's going to be a few like Norway that do have access to natural gas not be impacted as much. They do have a lot of energy.

Stuart Turley [00:08:13] Germany, I think, is going to get hammered in the back of the head so hard, their eyeballs are going to pop out. And I think that they truly could be heading to a depression rather than just a recession because they can't afford to make anything because of their energy.

Stuart Turley [00:08:31] There were two articles that just came out, and those articles were saying that it's not the 2022 that we just came through in the winter. It's they're not going to be able to fill in 2023 for next winter and then in 2024, that following winter nearly as easily. So Europe's not out of the woods yet.

David Blackmon [00:08:57] Right. They've been very, very fortunate with the weather this winter and otherwise they'd be in a crisis right now. But they got lucky with this winter the weather has been, you know, fairly warm. But yeah, you're right. I mean, it's hard to see them filling storage the way they were able to do before this past winter.

David Blackmon [00:09:20] And yeah,...

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