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3 Podcasters Tailgate for the 2024 Presidental Debate
Stuart Turley [00:00:13] Do you ever have them three guys walking into a bar. I happen to know the other two guys walking into a bar. Welcome to the three podcasters walking into a bar podcast. My name’s Stu Turley, president CEO of the Sandstone Group. We’ve got a fun discussion on energy and politics today. Let me introduce my other color. Here it is David Blackmon. He is the David Blackmon. He is a contributing author at Forbes, Telegraph. I think he is like, one of the key guys in energy around the world. How are you today, sir? Yeah.
David Blackmon [00:00:54] That’s me, buddy. Thank you. I appreciate the compliment. I’m good.
Stuart Turley [00:00:58] All right. And then we have the RT. He is a big dog over there at Pecos Operating. He’s a podcast host at The Crude Truth. And I tell you what, he is not only a man about town, but he’s a legend in his own mind. Welcome, RT. How are you today?
Rey Treviño [00:01:16] I am doing well. Glad to be back on another episode with you two of three podcasters. Kind of ready to just talk about things and maybe get off in the areas that we normally don’t get to on another show. So, just so much is going on too, in the energy space.
Stuart Turley [00:01:31] Oh, I’ll tell you what. Today we’re going to have a little bit of a different one. LinkedIn link with StreamYard is down for some reason. Yeah. So it’s I think StreamYard they, they didn’t like the fact that they could jump out there and then talk real things. So it’s a it’s an industry system wide problem. But let’s bring this up here. Today is an absolute amazing historical day today. And that is the debate today. If you if our podcast listeners, I’ve got a picture of Bill Clinton at one of the previous, debate, that was when President Trump, introduced that he had one of, the sexual persons, making accusations against him sitting next to Bill Clinton. I thought that was absolutely a hoot.
David Blackmon [00:02:29] Actually, I think he had three of Clinton’s former mistresses there.
Stuart Turley [00:02:33] Oh my goodness. Yeah, that’s what I am very disappointed about. The CNN, rules today is that we’re not going to see that that’s what they’re trying to do. And then you have a little come, cartoon over here on the right hand side. You see the, Christopher Pike, you know, episode out of Star Trek. You know, you’ve got Biden sitting there. We’re. All I could do is hit a red button or something like that. I thought that was great. Then you’ve got the presidential debate and somebody has a meme, but there’s president, Trump standing there at the mic, and then you have Biden laying there on the beach like a beached whale. I’m sorry. I thought that was absolutely pretty funny, too.
David Blackmon [00:03:19] But let’s say he looks better than Chris Christie did at the beach.
Stuart Turley [00:03:24] I just I just it’s true. If anybody does have any comments or anything, please leave them. And, let’s take a look at that. But this is a, this next gentleman that we’re going to play his his video. He is a hoot. I don’t know if anybody has seen all of his stuff, but he is a heck of a comedian.
Video Speaker 1 [00:03:49] There’s the drug test request saying these are desperate lies, and they’re proof that you know who is scared and really not ready, and that Biden will be ready and waiting for him.
Video Speaker 2 [00:03:59] So wait a Whoopi. Minute. I find. It very interesting that you take Biden’s refusal to take a. Drug test as proof that Trump is not ready. Yet. You completely ignore questioning why Biden refuses to take a. Drug test to prove that he’s not on drugs. What you did there is called being a hypocrite. Try to sleep on that.
Stuart Turley [00:04:17] I mean, if you can’t make fun of the view. I love this guy. He is absolutely a nut. His he. When he did the economic forum and he was swearing back at, I was like, oh, man, go, go. Do you think he’s going to be. Which one shows up today? And I’d like to know from our, our viewers. Is he going to be the, one on, as, President Trump had said, up on drugs or is he going to be a, body double with a CIA mask? I have no idea which one is going to show up.
David Blackmon [00:05:01] Well, I think you show up and, you know, he’ll probably do just fine. They’re going to have him pumped full of the same stuff they pumped and full of at the state of the Union. And and he’ll do a. I drunk will do okay too. I don’t think. I don’t think this debate’s going to make any kind of real difference in the presidential race, other than if Biden has. You know, a a pretty severe senior moment, which we’ve seen him do repeatedly in, in Italy and, other places in recent weeks.
Stuart Turley [00:05:33] And then a senior moment.
David Blackmon [00:05:35] Oh, come on, man.
Rey Treviño [00:05:36] You know, if if I can’t, you know, we we had to talk about this the other day, with some friends. And I think this is actually more important than it is. And what’s funny is I think it’s more important to the minority, like we’ve seen, to only continue to pander to the 1%. You know, whether it’s, you know, the transgender group we seem to be focusing in. And the reason why I use the word minority is because there are still people that are on the fence. Okay? And it’s a very small group. Yeah.
David Blackmon [00:06:09] There’s, there’s going to be people on the fence until Election Day. Yeah.
Rey Treviño [00:06:12] Yeah. Well, I think this is going to be a way for them to really kind of see the difference. And again, if he comes out all fiery like you did, you know, back in February or March whenever the state of the Union address was, that doesn’t help his cause. I think if the Trumper comes out and just treats the way that he treated Hillary, that doesn’t help Trump out. I mean, I really feel like this is truly one of those lose lose scenarios for Trump. If he’s nice to to Biden, he’s going to lose. If he’s like Hillary, he’s going to lose, or like he was with Hillary. So I admire him. I think it’s great that he is doing this debate. It’s not like all those other junior Republicans, you know, that was a lose lose for him to, but this one, he has to debate they’re only going to do two debates this this go around. So it’s very important. So for him to come out and agree to all these outrageous rules for this debate tonight. And I think, you know what, CNN is probably going to get the best ratings they’ve had in a long time also tonight.
David Blackmon [00:07:17] Oh yeah.
Rey Treviño [00:07:19] Yeah.
David Blackmon [00:07:19] No doubt.
Stuart Turley [00:07:20] I agree with oh, sorry, David, this this just came in fresh off the wire. Do you remember when he was, coming in, as a congressman? This. Oh,.
Video Speaker 3 [00:07:32] I have a message for. You, Send me to Congress that I can support this. Right. I promise you, we take back Congress. We we will restore Roe v Wade as the law of the land.
David Blackmon [00:07:45] See, that’s the bottom we see day to day. He’s tired. He’s getting you know, it’s past 2:00 in the afternoon. So he’s exhausted and he’s probably, you know, been working for 4 or 5 hours.
Video Speaker 4 [00:07:57] 24 presidential debate hosted by CNN. I am Jake Tapper. And somewhere around here is my colleague Dana Bash. I’d like to set the ground rules to this debate. First off, Biden is allowed to speak whenever he wishes. We will have commercial breaks whenever Biden feels the urge so that his, needs can be taken care of. This may or may not include naps, energy boost, or a snack such as ice cream. On the other hand, trump is not allowed to speak unless spoken to, and if he interrupts Joe speaking, we’re automatically going to deduct ten points from Trump Indoor. As the Hall moderator of this debate, I can call it off at any moment and declare it a complete victory for Biden. Where did Trump go? He was just.
Stuart Turley [00:08:51] David, I really think that if Trump does come out and as an ass, I think that it’s going to be just as negative for him as as possible, because he can be he can be mean.
David Blackmon [00:09:05] Yeah. You know, I mean, Trump Trump’s has been extraordinarily effective since the beginning of that trial in Manhattan when he was put under the gag order. His polling has improved dramatically since that day because what the public has seen from him, because he can’t go all bombastic on the judge in that case and the jury, we’ve seen a very calm and rational Donald Trump standing there, taking questions from the media. Even in his stump speeches at these big rallies. He’s he’s avoided going into all this bombast. His his campaign has looked a lot like Ronald Reagan’s 1980 campaign since April. And I think it’s no accident that he is. Polling numbers have improved pretty dramatically since then. And, if he if he takes the same posture in this debate tonight and just answers questions and doesn’t get into a big, you know, aggressive exchange with, with Biden, then then Trump is going to do fine. I question whether he has the personal self-control to do that. We haven’t seen that from him. But if he does, if he can maintain that for 90 minutes, then he’s going to do very well. And, this will prove to be a good decision. I think it was a bad decision for him to accept this debate. I there was no reason for him to risk the momentum he has in the race, but he’s done it. And so we’ll see how it goes.
Stuart Turley [00:10:32] So that’s an interesting point. And do you think that CNN can be, objective when. No, the I, the the lady, the lady, anchor her husband is one of the CIA agents that signed the hunter, disinformation, letter. So you have he’s biased as it is, and then you have Tapper with all of his stuff. How can they be? But.
Rey Treviño [00:11:04] Hey, you know, let’s let’s go ahead and go out on a limb and say, I hope that that they do. I mean, obviously, you know, on on some of the, on Fox that they, they continue to bring up that CNN is going to bring up January 6th. You know, I did not know that, Dana Bash, whose husband was a CIA man at all. So I think, you know, kudos to you and your on your research and your team there at the sandstone Group for your deep dive research. But, I’m just hoping that, you know, CNN’s looking for ratings. Trump’s I don’t know what Trump’s looking for. I mean, I think, you know, David really said it best. He has really ran a different campaign. And when you think about it, he’s ran a different campaign all three times. Well, technically all four times. Right. Because we all forget he ran for president in 2012 just a little bit. But he’s ran a different campaign every time. And this is obviously the most patriotic one that he’s done. So I was not around in 1980, per se. But I do remember watching a bunch of commercials and things and that, you know, Reagan won not only in a landslide, but in 84. That was, I think, the biggest landslide of all time. Was a good year, by the way, in 1984. But, I’m, I’m very curious to see how this debate goes. And, you know, as a guy in the one gas industry, I’m very curious. I mean, here we are. We’re producing more oil than we ever have. Right? And yet this administration continues to wage war on us, in the industry. And so, obviously, you know, I would like to see Donald, President Donald Trump become president again, to kind of allow us to at least breathe a Little bit more.
Stuart Turley [00:12:48] You make two great points, and I don’t mean to compliment you, but you do. You do make some great point. And, you’ve said that under a, Republican, that oil’s always cheaper. So you make more money if you vote for a Democrat. That, to me, is just as about as eye opening as it gets. Energy cheaper. But you can make more money. And as a Democrat, Democrat, you know, but we sit back and take a look at our commitment on LNG to our, great allies out there. I’m watching, Japan, North Korea and South Korea and that whole area going to Russia because of Biden. And pipelines matter when it comes around natural gas and low cost energy. So, you got some great points and let’s go to the next one. Speaking of great points, here’s your topic for today.
Rey Treviño [00:13:49] Yeah, no, I mean, we got to talk about the world energy. And I saw this one actually first thing this morning from our great friends, literally an Alliance brothers at the Texas Alliance of Energy Producers. They had put this out. And of course, if you don’t get oil price.com, I definitely recommend it. Also, on my Substack, I like to pull good articles from oil price and this one, I think it comes from a colleague of, David, if I’m correct, isn’t, Robert Rapier.
David Blackmon [00:14:18] He writes at Forbes.
Rey Treviño [00:14:19] Yes. Yeah, he’s a colleague of yours. And, you know, when you’re looking at the statistical review of the World Energy, oil price did a great job. Robert did a great job. Just kind of highlighting what’s been going on and just showing that the primary energy consumption increase, you know, can only continue to increase. And especially obviously after Covid. So, you know, our, our, our it’s just really exciting. And the thing that other people need to look at is like China’s only going to continue to grow and so is India. Their oil consumption is only going to grow. So the fact that, you know, some people are continuously saying that we’re at peak oil now or tomorrow, it’s ridiculous. We’re not going to see peak oil, truly, probably at least for another 40 years. 30 years. And then after that, who knows? Because we still don’t know how many fields of oil that we haven’t found yet. I mean, so we will never know. But also something I thought was pretty interesting was that the coal production and consumption have been the highest that they’ve been, and they’ve continued to just continue to grow. And as we all know, oil consumption has hit a new record high. So thank goodness for the United States and all the oil that we are producing because, I had a great talk with, techs. Oga Dean, for me, this week and because of all the oil we are producing, we have been able to actually keep the price of oil at $80 and not ruin our great our economy. As bad as it is right now, it’s actually not that bad. And that’s really the truth. I had a great opportunity to be on a webapp this weekend. Thank you to them for having me on the Jason Show. I think they weren’t as shocking odd as normal for me to sit there and say, hey, it’s horrible. Watch out. It’s like, hey, the truth is, whether we like it or not, we have a ton of oil. It may not be in the Strategic Petroleum Reserve, so let’s not, you know, take that into play. But we’ve got, you know, we’ve got plenty of oil, we’ve got, natural gas. The real question is, though, when is it going to fall out? Because at some point we have to replace everything. But today and tomorrow we’re looking pretty good, especially as we’re getting ready to go into the July 4th holiday weekend, when we’re going to have once again record amounts of people traveling on the roads this year. So, you know, world Energy is looking good for, dare I say it, fossil fuels over the next 5 to 10 years.
David Blackmon [00:16:44] Totally. Absolutely.
Rey Treviño [00:16:46] Oh.
David Blackmon [00:16:47] And by the way, folks, the Statistical Review of World Energy is a great report. It’s a tremendous resource. It’s published by the Energy Institute, used to be published by BP, but, this is the second year the Energy Institute is doing it, and it’s just a wealth of real data about real energy.
Stuart Turley [00:17:05] I want a real question between both of you RT. Excellent. Excellent points. Damn, that’s 2 in 1 episode. RT I don’t mean to be nice. I’m more like Trump these days. I want to be a real jerk. And that is net zero. I talked about net zero. There’s just. Why bother? Because India and China are using so much coal. And why net zero is nothing more than then is destroying economies. With this, what do you guys think about net zero and a tag along with this article?
David Blackmon [00:17:44] Well, let’s you go ahead, RT.
Rey Treviño [00:17:47] Oh. I’ll go first. And you, you. Oh, wow. You you clean up. How about that? I think that right now, the way they’re trying to tie in net zero is nothing more than just a name. How is it that you’re actually saving Mother Earth by buying carbon credits over here? But you’re still doing the same damage to Mother Earth over here? Okay, yeah, that’s what it is. At the end of the day, that’s what net zero is. It goes. So I’m going to go, you know, not trying to knock lithium or anything else because we do need lithium. So it’s like all right so my lithium mine is going to cause this much damage to Mother Earth. Let me go over here to the rain force. I’m going to buy carbon credits from the rainforest. And then guess what? I’m at net zero. How did that help Mother Earth at all? It didn’t connect. Which means flying whenever Taylor Swift flies that jet. Bill gates, they’re buying these carbon credits. Did we actually physically reduce our carbon footprint? No. So it’s nothing more than just a peas in a there. I say the Italian word fugazi of what this net zero really is. That’s that’s my key takeaway from that.
David Blackmon [00:19:00] Yeah, I agree. I mean go to my my slide with my articles on it because, this one about the BP and Exxon Mobil providing a contrast and energy transition strategies is relevant to this. I published that at Forbes this morning. You know, the in the in in that I actually quote the, the statistical review of world energy in that article. Because one of the things they talk about in that review is the fact the energy transition hasn’t started. It hasn’t started. We’re not engaged in any kind of an energy transition. I’ve been saying this for years. It’s an energy innovation and an energy edition, and all we’re doing is moving carbon emissions from the developed world in Europe and the United States and Canada to the developing world, China and India and all the countries in the Pacific Rim in Africa. So we’re we’re we’re the industrializing the Western world and rendering it completely dependent on its future energy needs to China, India and these other developing countries. And, that’s a recipe for a complete lack of energy security in the Western world. It’s insane. And it needs to stop. And hopefully these elections this year and next year will have an impact of at least slowing it down, because this nothing is being accomplished here other than Moo. It’s like a shell game where you’re moving things around, right? And the emissions we have one atmosphere and it doesn’t matter where the whether the emissions are in the UK or Germany or California or whether they’re in China or India, they’re the same emissions into the same atmosphere. So this is not a transition and net zero is not achievable unless we want to dramatically reduce the population and force the people who remain to live in abject poverty. And that’s no solution at all.
Stuart Turley [00:21:02] Yeah. No, no. excellent points David.
Rey Treviño [00:21:05] You know, by the way, for everybody out there, shameless plug. If you are not subscribed, to David Blackmon on his Substack, I definitely recommend it because not only do you get access to, you get access to all of his article. So, his ones on Forbes. So obviously, if you got connected to Forbes are paying that you can’t read David’s article. So I really recommend getting in with with David Blackmon, with Blackmon Substack for that opportunity right there.
David Blackmon [00:21:34] Well thank you.
Rey Treviño [00:21:36] Yeah.
Stuart Turley [00:21:38] Black blackmon.substack.com. Right. There you go. Oh yeah. Wow I wonder how that happened. so.
David Blackmon [00:21:47] Somebody is buzzing.
Rey Treviño [00:21:49] Oh, you can hear that.
Stuart Turley [00:21:51] Yeah.
Rey Treviño [00:21:52] Oh, I’m so sorry.
Stuart Turley [00:21:54] Go ahead and take that if you need to. We’ll talk bad about you. I know, this one is from Harvey. Our lives. He is a cool cat over there at Bloomberg. He does great. Yeah. I love all of his work. And this is a real question, because I felt that, the death of the the Petro dollar is going to happen at some time because of our political, things going on right now. And, David, we only have about four more minutes here. We have a heart stop today. So, as we go through this, what are your thoughts on the Petro dollar in this article? Have you ever says, hey, this has been going on for a long time? It’s tougher to move away from it. And I agree it’s going to be tough. But there’s a lot of geopolitical forces that are in play now that were not in the past BRICs. You have all the financial sanctions that have been going on. You have, Russia now, the fourth largest economy in the world now trading in the non Petro dollars. Quite honestly, OPEC and has lost control of a lot of the production. They don’t have the ability to control the market like they used to. So I truly respect how they are. And I just want your guys’s thoughts as we roll through the last few minutes.
Rey Treviño [00:23:22] I’ll give the last real quick. Let me just say this. You know, I called article about this. Really? And somebody said that the petrodollars out. So for everybody out there, we are still trading with the Petro dollar today and tomorrow. So if you read any articles that somebody says that there are no longer that the petrodollar is truly dead. That’s, that’s just that, that that’s just not the truth. So I’m glad I’m glad you brought this article up, David. I’m gonna let you take it from here.
David Blackmon [00:23:50] Well, I yeah, I think Covid here is right. I mean, there are efforts Russia in particular would like to move away from the dollar for its oil trading. But, and India has done some deals with them in that regard. But but look at what else happened this week. Saudi Arabia just made a huge deal to import LNG from the United States, okay. For its own needs. The Saudi Arabia are going to move away from the petrodollar and Korea that they own. No, of course not. I mean, the Petro dollar is so influential. It’s so ingrained in the financial health of all these other countries. And it’s not just oil trades, it’s trades and all kinds of import and export in goods. It’s just it’s a system that has worked for a century. And I know the BRICs countries, have been making a lot of noises about this, but trying to actually displace the dollar and all this international trading is would have just enormous negative economic implications, not just for the United States, but for the whole world. So, you know, we’re going to we’re there will always be noise about this, but, boy, it’s going to take an awful lot to make it actually happen.
Stuart Turley [00:25:06] I, I agree as well, except I think that if we have an administration that continues to weaponize its sanctions and stupidity, it will bring on a earlier demise, of the petrodollar, because when you take a look at the EU now sanctioning LNG, and it now created the Dart fleet for LNG tankers, everybody said that wasn’t going to happen. I said it was going to happen and it’s happened. So now, sanctions matter, sanctions don’t work. So don’t believe me. David, last word for your thought there. And we’ll go to RT, and then we’ll close out.
David Blackmon [00:25:51] I got to go. I got to go take my granddaughter to camp, and I can’t leave her waiting. Thanks, everybody. See you guys. We’ll see you next week.
Stuart Turley [00:25:59] All right.
Rey Treviño [00:26:00] Adios
Stuart Turley [00:26:01] Bye. See you Guys.
Rey Treviño [00:26:05] Bye, guys.
