His Energy Policies have now become a complete national security risk for the western half of the United States. When you consider the corruption, graft, and greed exemplified during Gavin Newsom’s Governorship, it won’t be easy to rebuild California after he leaves office.
On the Energy News Beat Stand Up, we cover these top issues and stories.
1. The energy policies and challenges in California, particularly the regulation of utility profits and the impact on energy reliability.
Michael Tanner and Stuart Turley discuss how California’s approach to regulating energy providers like PG&E and Edison differs from other states, leading to issues with grid investment and energy reliability. They contrast California’s “top-down” policies with a more collaborative approach in different states.
2. The geopolitical tensions and sanctions related to Venezuela and Russia.
We discuss the Trump administration’s actions to intercept oil tankers related to Venezuela, and the potential motivations behind these moves, such as regime change, protecting Gulf Coast refinery interests, and impacting Russia’s war in Ukraine.
3. The potential of nuclear fusion as an energy source, and its connection to Trump’s media company.
Stuart Turley discusses the promise of nuclear fusion technology and how Trump’s media company, Truth Social, may be involved in developing or licensing fusion-related patents. Just remember when Apple was selling for $6, and you could go back in time to load up. Is that what you should do now with DJT? This may well be the best long-term investment in our lifetime. What do you get when you combine Nicholas Tesla, Donald J. Trump, and his MIT Uncle? It may well be that you get limitless power and wealth.
Take a look at the Stock Chart from this morning. While I don’t give investment advice, my options are looking excellent. And I am just buying regular shares as well, but as always, check with your CPA and a certified professional planner. I use VectorVest for my stock prices and research, an excellent organization.
4. The outlook for the oil and gas industry based on the Dallas Fed survey.
We cover key insights from the Dallas Fed’s survey of oil and gas executives, including their price expectations, activity levels, and concerns about a potential market oversupply. Is there a glut or is the glut misunderstood, or even is the market recalibrating to a new method? You will want to see our interview with Doomberg in January.
Time Stamps
00:16 California Cuts PG&E and Edison’s profits for grid improvement.
03:47 California’s Corruption exposed by Katy Grimes at the California Globe
08:17 Oil and Venezuela’s impact on global markets
11:06 Sanctions through Drone strikes
13:31 Fusion and President Trump may be a great investment for humanity
17:49 Lingering pessimism in the oil and gas industry
Links to the Stories:
2.San Francisco Crippled by Widespread Power Outages on Busy Holiday Shopping Weekend
3.Trump Administration Intercepts a Second Tanker in Venezuela Oil Tanker Blockade
4.Sanctions through Drone Strikes now in the Mediterranean
6.Lingering pessimism, uncertainty further weigh on oil and gas activity – Dallas Fed
Check out our sponsor, Reese Energy Consulting https://reeseenergyconsulting.com/
Have an absolutely fantastic Christmas, and know that the world is on a path to healing. We appreciate all of our great subscribers, listeners, and patrons. 2025 has been a fantastic year for the Energy News Beat team, as we end up with over 19 million transcripts read, 2.4 million listens, and almost 300K views on YouTube.
Please let me know how we can help you get your story out there! We love talking about Energy and Investing.
Full Transcript:
Michael Tanner, Podcast Host [00:00:00] Gavin Newsom putting coal in California’s energy stocking. Next on the Energy Newsbeat, stand up.
Stuart Turley, Podcast Host [00:00:16] Michael, you can’t buy this kind of entertainment. This is absolutely wild. California cuts PG&E and Edison’s profit for grid investment. Gavin Newsom’s California poses a national security risk due to flawed energy policies. Michael, this is an absolute huge story. Let me get this rolling here as we get going. We’ve got PG&E in a move that underscores ongoing turmoil in California’s energy sector. State regulators have slashed the profits that utilities like PG&ECorp and Edison can earn on critical grid investments. That is actually socialism at its finest. But the short-term fix causes the root causes of decades misguided policies, Democrat leadership that have driven up costs, stifled industry, and promised energy reliability, potentially turning California into a national security liability. Michael? As a Christmas present, I would like to thank all of our California listeners because California and New York are our two biggest states for people watching the podcast and I love every one of them and we love our listeners. California’s woes are emblematic of a nationwide pattern in which Democrat controlled states. Consistently face higher electricity prices and energy prices from their Republican counterparts on average, blue states pay. Michael, are you ready? 37% more for electricity than red states. Data showing 86% of continental US states with prices above the national average are Democrat run states. There is not whether or not this is renewable versus energy. This is policies.
Michael Tanner, Podcast Host [00:02:14] Yeah, and I think the fascinating part about this all is that California seems to be the antithesis of what happens everywhere else. I mean, California is not the only state that has regulated energy costs. I mean I came from a, I used to live in a state, Colorado, where it’s entirely regulated. The difference is they do it in a smart, manageable fashion where they don’t. Hand down policies to the end energy providers. They coordinate with the energy providers to say, what do you need to continue investing? What profit margins do we need? And they almost negotiate and come to a balanced conclusion. Or in California, it just comes from the top down. So you’re left as an energy provider, whether you’re PG&E, whether your Edison, really holding the bag. I mean, it really is a implementation of a policy that has used a lot of other states that got that goes wrong. I mean, you can argue what ERCOT’s doing in Texas is, is maybe way too far on the other end. I’ve always found it a little confusing. I remember my, you know, my dad, when he first came down here was like, so wait a second, you can just choose who your energy provider is like. Do they all have different wires that come into your house? What if I want to switch from one to the other? Do I start using different wires? So there’s a case to be made where actually having almost regulated monopolies within certain jurisdictions to manage electricity can be a good thing. The difference is it has to be it can’t necessarily it has be managed appropriately. And what we’re seeing happening in California is absolutely not how it to be managed.
Stuart Turley, Podcast Host [00:03:47] Oh, absolutely. I got two things to add. Michael, this I’m now showing on the screen, California State Auditor Governor Newsom and eight agencies named as high risk. This was written by Katie Grimes on the California Globe. Just when you thought corruption was, you know, corruption was bad up there with Tim Waltz and his, no, Gavin Newsom goes, hold my beer. Now let’s go to the next story. While I was writing that one, San Francisco crippled by widespread power outages on a busy holiday shopping weekend. Holy smokes, Batman. I mean, this was absolutely a hoot. I write one story and within 15 minutes later, this hits my newsfeed. PG&E substation near 8th and Mission Street, which authorities believe contributed to the escalating disruption look at this in power outages There’s still 228,000 as of this morning. When I put this up without power, there’s a big red thing right there. There’s California, uh, welcome to the California grid. Let’s go to the next story. Michael Trump administration intercepts a second tanker in Venezuela, oil tanker blockade. Update. Holding the newsflash, uh, U S is said to board a third tanker off Venezuela. As I wrote this article, I got another one. And let me show you this. This is from energy news, uh headline news. He’s a cool cat. He runs that over there. I, I put that in here, Tracy shoe chart. She was on the, uh podcast, another tanker. Okay, great. I got that. And then Anais goes. This is a major escalation since the tanker is not sanctioned. Oh my, look at this one. I trust in ISE is absolutely a rock star, but you take a look. How is this playing out? Cause is it going to be the second half of 2026 strong demand and investment are opportunities for oil and gas. And I’m visiting with Doomburg and David Blackman on this in the oil and gas markets update on the 4th of January. And we’re gonna be talking about the glut, no glut. Is there a glut? No glut. And this is gonna be a lot of fun.
Michael Tanner, Podcast Host [00:06:14] Yeah, it’s, I mean, it really kind of getting very interesting there. You just told me before we started, I was joking that I just got my orders to head to the front line. Sounds like now they’re using contractors. Oh, that, that’ll go well. That’ll go extremely well. Um, we see, we saw how that worked out. Um,
Stuart Turley, Podcast Host [00:06:32] Well, we saw it worked in Predator. I mean, you had contractors going in and they took care of everything in South America. I, Hey, he’ll be back.
Michael Tanner, Podcast Host [00:06:41] Absolutely, absolutely. It’s what we need. We need black water in there. It is exactly what we need.
Stuart Turley, Podcast Host [00:06:45] Oh yeah, right. If they look like Arnold and then who was his other co-guy there in Predator?
Michael Tanner, Podcast Host [00:06:55] Yeah, no, but I do think I think it’s interesting and I wonder when we talk a little bit about the Dallas Fed survey here at the end, which I think there’s a lot of interesting comments. I wonder how much this the comments that I think are being filtered through Secretary Chris Wright, Secretary Lee Zeldin and Secretary Doug Burbham up to the you know, the executive wing here in terms of President Trump, how much he’s seeing because to me it would seem like if the goal is to just. Take these barrels off the market? Is he trying to balance low oil prices with the understanding that he’s actually hurting the energy business, which is a big supporter of him and is going to be needed in order to fend off whether we’re coming up here on the midterms next year and also whether we are coming up in four years when it’s a really wide open race. I find it really interesting. To be honest, I don’t know what’s going on is, is the, and, and I don’t know if you have any insights to this, but what I guess what I’m trying to balance is, Is this, is this oil specific or is the oil tanker a way to slip through and eventually get through regime change? Is it really about sanctioned oil or is it really about through change?
Stuart Turley, Podcast Host [00:08:17] We have three things going on in Venezuela. Number one, he wants to stop the war in Ukraine and Russia. Sanctions don’t work until they’re in. What does that have to do with Venezuela? Can I finish? It is about the regime change is not necessarily Venezuela. Let me finish first step. He is cut Russia’s profits. By 50% in this last little bit, because tanker prices are going up, Russian captains are being armed and Russian ships are now being armed with mercenaries. This is about getting Putin to the table. That’s step one. Step two, this is about the Monroe Doctrine. I’ve mentioned that before and I have got confirmation on that. This is not necessarily about that. Step three, DRW put out that article about Venezuela is naturally about putting the long game of protecting the crude, the heavy crude for the Gulf refineries. And it’s going to take billions in order to bring that back online. And you’re going to have Chevron and Exxon are going to be able to be running in there with the new regime. It’s a triple three headed monster that’s going on right now. And nobody’s really putting all three of those pieces together.
Michael Tanner, Podcast Host [00:09:48] Okay. So the first two, I still, you’re going to have to plead it. I’m going to plead ignorance. I have no idea how those line up with what’s going on in Venezuela. So the third comment that you just said, let’s go to that one specifically. Cause that was my question. So it truly is about, Hey, let us make, we’re running out of this heavy crude oil that we need in our refinery. So we’re just going to go steal it is me. Is that really what’s. Going on? It can be, yes, I’m. I could be for that. The problem is, they do a really bad job in the Trump administration of marketing what they’re going to do. They just kind of buckshot and do things and don’t really market. I mean, think about it. We’re in the marketing business too. You got to tell a story.
Stuart Turley, Podcast Host [00:10:26] Oh, I understand. And president Trump is one of the best storytellers out there. However, in this case, I don’t think he’s projecting what he is going to be talking about because quietly he is getting things done. What happened over the weekend? China bought soybeans. What? They still have control of the Panama Canal, both ends of the Panama Canal. It is, there’s a lot of moving pieces in the background that are, this is now down a rabbit hole.
Michael Tanner, Podcast Host [00:11:02] Okay, we could talk about this for hours. Let’s go to the next one.
Stuart Turley, Podcast Host [00:11:06] Sanctions through drone strikes now in the Mediterranean. Michael, you and I have loved, always loved a good club med story, but now you’ve got sanctions through drone strike now in Mediterranean. This to me is very bad, even though it was an empty tanker. Ukraine hit a Russian tanker in a bold escalation against Russia’s shadow fleet. Ukraine carried out his first drone strike on a Russian-length oil tanker on the Mediterranean Sea, making a significant expansion of the conflict beyond the Black Sea region. They attacked on the Oman flagged tanker, the Kindle, which occurred off the Libyan coast on December 19th. Uh, this is just nuts. This is outreach from Ukraine, Ukraine Navy Seals, I guess, I don’t know who did it, but this is absolutely a precarious situation. Fortunately, the tanker was empty. Now, what happens to these Shadow Fleet tankers? You get a tetanus just by looking at them because they’re rust buckets. I don t know how seaworthy they are. Who s got insurance on them if they blow up and they ve got to have an oil leak? I mean Ukraine. You want to be talking about some serious problems, Ukraine, if they blew it up, they’re responsible for the oil leak.
Michael Tanner, Podcast Host [00:12:34] Yeah, it’s very interesting. I mean, I really hope this conflict gets solved soon because we’re now into the fifth year, or fourth year, and there’s, I mean to be honest, from where I sit there seems to be no end in sight. Oh no, it is hideous. But, you know, what I think Ukraine understands is that the way to, I think what they’re, they’re thinking, and I don’t know if this is true or not, but I think what this is clearly showing is that they believe that the only way to get Russia to the negotiating table and give them a position of strength, a.k.a. Give Ukraine a position of strength is to go after the oil. There’s no other way they can, there’s nothing else they can do to Putin and to the regime there in Russia to bring them to the negotiating table in a position weakness other than go after the order.
Stuart Turley, Podcast Host [00:13:31] I agree, but I think that the war would be over if Zelensky was not in power. So let’s go to the next story. Why fusion is considered energy’s holy grail, and now how President’s Trump media company is betting on a breakthrough. Michael, this one is a heck of a story. I actually have changed my opinion on a lot of things as I’m learning how to do my day trading business. In a quest for sustainable, limited power, limitless power, nuclear f- Fusion stands on out as a ultimate prize, a technology that mimics the processing power of sun and stars, often dubbed the holy grail of energy. Fusion promises to deliver vast amounts of electricity without the environmental pitfalls of fossil fuels. Michael, this deal is actually amazing when you sit back and think about anatronic fusion means no neutrons. Aka no heat, radiation, no steam. This is an amazing capacity when they now take a look at actually being able to control the plasma field and make a change. Michael, this could change transportation to cars running on plasma. Tankers running on plasma. We wouldn’t, we’d still be drilling for oil and natural gas, but it would be in a much smaller scale. And all of a sudden, who is this in the picture? For our podcast listeners, I have a post from Laura Abali and you take a look at Trump, Trump’s uncle, who was an MIT professor and Tesla. There’s a trail there. But when you take a look, here’s DJ T and I was trading it. Look at that. Look at the difference for our podcast listeners that had a jump. Look at, the volume is at the bottom, Michael. And then look at the right. You can see, boom, there’s the amount of volume that it had. And I looked at the chart this morning. I’m up a bunch of money in that, in that account. So all of a sudden, if you find the right one, you, you can do some serious day trading and I like it. So anyway, there’s a lot in there and you take, who would have thought that social media, Trump social media, which is actually, they bought, uh, a old, another social media platform, and then they turned it into truth social, and then this becomes a nuclear fusion company. I did not have that on my bingo card. So what’s, I mean, what’s
Michael Tanner, Podcast Host [00:16:17] What’s the thesis? So you obviously, what’s the theses? What does DJT and this, who helps you? What’s, what what’s, the analysis here?
Stuart Turley, Podcast Host [00:16:33] It’s a
Michael Tanner, Podcast Host [00:16:33] The stock is up but
Stuart Turley, Podcast Host [00:16:36] The analysis is, it is a game changer for how all energy will be produced by going to nuclear fusion.
Michael Tanner, Podcast Host [00:16:48] I get that, but what does a truth social do to help development of fusion?
Stuart Turley, Podcast Host [00:16:55] I don’t know, it’s called licensing rights.
Michael Tanner, Podcast Host [00:16:58] Okay, so you’re fair enough. I’m just if you think
Stuart Turley, Podcast Host [00:17:02] If you think about licensing rights for a nuclear fusion patent, who owns it?
Michael Tanner, Podcast Host [00:17:08] I, I, I.
Stuart Turley, Podcast Host [00:17:10] That would be the key.
Michael Tanner, Podcast Host [00:17:12] Yeah, I’m not disagreeing with that. It’s a valuable thing to buy. My question is when you do a merger, there has to be in a creative nature on both sides. And so the question is, what does Truth Social bring to a fusion company that that fusion company doesn’t already have or can’t get cheaper? That’s my question. Money. Was Truth Social making any money? I’ve seen their K1s. They’re not great.
Stuart Turley, Podcast Host [00:17:34] But I don’t know the answer to that. I’m just saying, but now Donald Trump is in control of one of the most key fundamental technologies ever created.
Michael Tanner, Podcast Host [00:17:44] Oh, yay, whoo, let’s go to this last one.
Stuart Turley, Podcast Host [00:17:49] Lingering pessimism under uncertainty further weigh in on oil and gas activity. The Dallas Fed, Michael, I really just appreciate the folks over at the Dallas Fed. When they put this update last week, activity in the oil and gasses sector, edge lower in fourth quarter, according to oil and gas executives, the Dallas fed survey, the business and activity index, the surveys brought us measure of the conditions in the. 11Th district remained at negative though relatively unchanged at negative 6.2 in the fourth quarter. There’s a lot of information that they had in here and I want to give them a shout out and I reached out to them to try to get an interview on the podcast for conversations and energy with Stu Turley. On average respondents expect a West Texas intermediate price of $62 barrel year in um And it ranges from 50 to $82 a barrel. So for our podcast listeners, I’m rolling through the, the Dallas fed survey and you can see where, what do you expect WTI prices in six months, one year and five years, and they could see it at 75, you can see it 63 and 59 expected in six. One thing that I do want to give my opinion on this, and I, I think that the glut story is overdone and it is not accurate. You have OPEC that is now changing how they are going to be producing their numbers, OPEQ is going to, we need to price off of production, not storage. That change I’m visiting with Doug Sandridge while he’s visiting with them out in Saudi or Ramco. Uh, and i’m going to visit with him about that as well coming up. So when you take a look at how the pricing matrices will change, I think there’s not a glut. Doombird thinks there’s a glut, so I trust his numbers and I’m looking forward to that discussion. And this has a lot to do with this in the $75 range. OPEC, i.e Saudi Arabia, needs a minimum of $85. They’re going to have Saudi Aramco borrow $49 billion to fund their fair share to the kingdom this year. Potential that they’re looking at right now. Holy smoke, so they do need it. Let’s go to the natural gas. What do you expect, Henry Hubb, $5? I think we are going to see, in my opinion, Michael, a flattening out of natural gas to be more in the $4.57 and $5 on a year round basis because of AI and data centers and natural gas being used more for electricity. It’s kinda like what Saudi Arabia is also doing is they burn millions of barrels of oil for 60% of their electricity is burned in oil. They are putting in about $10 billion to go to natural gas, which is great for the environment. And all the environment went, yay. So that’s gonna be kind of fun there. But I see in the US this flattening of a less cyclical up and down.
Michael Tanner, Podcast Host [00:21:15] Yeah, I think there’s some really interesting things in here. We could talk for, I said, hours about this. I think going kind of back up to the top, I found it interesting that the company level index, still pretty negative at negative 15.2, but improved slightly from negative 17.6. The uncertainty index, which sort of gages how kind of crazy people think the uncertain future is. Fairly unchanged was sitting there at about 43.4. I think the other thing I found you found interesting, Stu, you pointed out the AI and what people are doing. If we can pull that one up, basically what they’re saying is I’m trying to find it here myself. Oh, yeah, here we go. Where is the AI?
Stuart Turley, Podcast Host [00:22:03] It’s on the screen.
Michael Tanner, Podcast Host [00:22:05] Oh, perfect here. So how much do you expect in artificial intelligence to lower your firm’s break-even price for new welds in dollars per barrel over the next five years? And the funny part is most people say not that much. I mean, from, and obviously every dollar in terms of basically dollar per BOE break- even point means something. So, but the fact that there’s so many people at zero and the fact to small EMPs. Say zero is interesting because I could, I believe that there will be very, that there will be incremental gains to be had in terms of dollar per BOE with that. Now, I think the interesting part is, is where will those gains aggregate to? And if you, you know, I get in the habit of, you know go read any Q3 earnings report. Obviously, if you’re a publicly traded company, you’re releasing an earnings report, so you’re quote-unquote at scale They’re all talking about how they’re using AI to do geo-targeting, steering, all that stuff. So maybe the big boys will be able to see some guys. But I think it’s interesting that these smaller companies remain bearish on the concept of AI. And I think will be interesting to see who dives into that or not. I do wanna go down here and read some of the special comments because I always find that’s interesting. There’s right off the bat decreasing oil prices are making many of our firms Wells economic. Uneconomic. I could have told you that one. That wasn’t too hard to figure out. I love this next one. Stu, I think, submitted this one. There is no way that the U.S. Oil production data is correct. Did you write that one in, Stu?
Stuart Turley, Podcast Host [00:23:44] I’m blessed.
Michael Tanner, Podcast Host [00:23:44] I’m listening. You wrote this one all the way down at the bottom. I believe the glut in the global oil market is overstated and, if applicable, temperate. So you’ve got to hedge your bets a little bit. It’s a Classics 2 statement, hedge your bet a little. Well, I think it’s this, but if I’m wrong, here’s what it also means. So you got to head your bets. I find it interesting. Also, I love this comment, my belief is the administration is coordinating with Saudi We’re able to do talk about. Or add additional barrels to the market, which could create leverage over Russian negotiations and also suppress oil price inflationary impacts for the upcoming 2026 midterm election. Another one, until the midterm elections next November, over the price of crude will artificially stay depressed. Some stuff in here about California’s regulatory bureaucracy is effectively killing the oil and gas operators and in that process has created significant energy security issues for the Western. United States, I think you submitted about half of these, Stu, is what it seems like.
Stuart Turley, Podcast Host [00:24:47] It just means I’m on track
Michael Tanner, Podcast Host [00:24:49] Yeah. If the administration succeeds in ending the Ukraine conflict and Russia sanctions are lifted, oil markets will likely be oversupplied in 2026. I think I wrote this one. However, if Russia sanctions continue, along with reduced oil volumes from Iran and Venezuela, markets may be more balanced. The process leads us to forecast oil price between $45 and $60 per barrel for most of 2026 returns on capital expenditures are only sufficient of cost to drill and complete wells remain low. Our company now runs one drilling rig compared to three rigs. 2026, our projected drilling schedule for the next several years contemplates one drilling rig of activity. So things are slowing down the oil and gas service firms, their comments are a little less enjoyable steel tariffs are causing significant increases in well costs. OPEC plus is back in the driver’s seat clients are concerned about potentially large oil glut in the first and second quarter of 2026. Activity levels are still slowing The prospect of a Russia-Ukrainian deal that potentially could let Russia re-enter the market is creating a negative overhang, particularly on LNG exports, find that interesting. This is also interesting. The licensing of seismic data normally peaks during the fourth quarter, and this year it is meeting that expectation. People are still exploring. And they’re buying seismic data, so pretty interesting, Stu. Um, but I think that’s all we’ve got for this one. So let’s jump over and quickly talk oil prices, frac counts, spread, and rig counts before we do that. Let’s quickly pay the bills as always, guys. Thank you for checking us out. Energy newsbeat.com. Shout out to friends of the show. Reese energy consulting, check them out. Reese energy, consulting for all your midstream needs or Reese energy consulting.com and finally guys, invest in oil dot energy newsbeat .com. You’ve only got so many days left to not pay the government money. Take a look. Think about investing in oil and gas. It’s a great way to save a little bit on taxes, get a little bit of cash flow and support the great American oil and gas industry. Invested oil that energy news be dot com. But still, I mean, it’s a it’s pretty choppy out there. Friday S&P was up about eight tenths of a percentage point. NASDAQ jumped about one one point three percentage points. Two and 10-year yields were up about 6 tenths of a percentage point. Oil settled at about 56.52. Looks to open a little bit around that range. Natural gas, it’s settled about $3.98, which was up about one, two percentage points. Looks open maybe somewhere right above four, but man, it looks extremely choppy out there. What are you seeing?
Stuart Turley, Podcast Host [00:27:27] About the same thing, but I’m running my reports for my day trades in the morning. So I’ll tell you later
Michael Tanner, Podcast Host [00:27:33] Next thing we saw, rig counts, they dropped by six this week on a week-over-week basis. Pretty unbelievable. Permian rigs dropped by three. Eagleford stayed the same. We also did see Williston and DJ stay relatively the same on that part. It continues to, we continue to drop from a rig count spread. Frac count spread dropped by eight. We’re down to 160 frac rigs. Which is if you go back all the way to the beginning of 2025, it’s the lowest we’ve seen all year. It continues to tumble and we continue to, as we just saw with the Dallas Energy Fed Q4 survey, we continue see activities slowing down and that eventually is going to lead to an uptick in oil and gas prices. The question is how long are we gonna stay in this negative hole? Is the glut there? Is not the glut? There I tend to be on the Doonberg side of the analysis relative to just where prices are at. So I think it’s going to be very interesting. But Sue, I think this is this our this is our last show for the year, but it’s our last show before Christmas, correct?
Stuart Turley, Podcast Host [00:28:45] Uh, yeah, well, no, I’m going to do one on, uh, Christmas, Christmas Eve day. We’ve got another one.
Michael Tanner, Podcast Host [00:28:50] Wow, we’re making you work on Christmas? What kind of business are we running around here?
Stuart Turley, Podcast Host [00:28:55] I’m the owner, so what the hell?
Michael Tanner, Podcast Host [00:28:59] Yeah, I don’t want to own your business.
Stuart Turley, Podcast Host [00:29:01] Yeah, you gotta, you got to take the trash out. So, you know, you sit back and you got to take, the trash as an owner. Don’t the hardest working guys. My first job was at the Royal Savage in, in Plattsburgh, New York. That was a bus boy. The hardest working guy in the planet was the owner. And I love that man. And he taught me really how to, how to work. I, I was. Sore, but he fed us prime rib and steaks. I’d love being a bus boy. Didn’t have to eat bus tub buffet. What’s coming around the corner is we are going to continue to see a, a evening or a leveling out around the world. Finances are going change. Gold is now projected. Some people are saying $5,200. Uh, I, I don’t know. I know silver for every. Uh, there’s a lot of silver that’s needed for the solar panels. So I am a silver bull big time. I’m a gold bull big-time because I believe that we are having a realignment of the trading blocks and those all go back into
Michael Tanner, Podcast Host [00:30:14] Yeah, get your money out of the bank and get it in the gold if you’re Stu.
Stuart Turley, Podcast Host [00:30:22] Uh, well, no, I just, I’m watching the trends, dude. It’s all about trends and patterns.
Michael Tanner, Podcast Host [00:30:27] Yo, so, all right, guys, we’re gonna go ahead and let you get out of here, get back to work. Since I will not see you until after Christmas, have a Merry, Merry Christmas, guys. We really appreciate all of you making this show possible for Stu and myself. We, again, we really appreciate it. Stu will see you on Christmas. We also got a lot of great interviews that Stu’s dropping over the next week. So guys, you have a lot. If you’re out on the rigs, if you don’t have a chance to spend time with friends and family. We will keep you covered
Stuart Turley, Podcast Host [00:30:58] or we can put you to sleep. If you can’t sleep and the rig noise is keeping you up, listen to our podcast. Yep, absolutely.
Michael Tanner, Podcast Host [00:31:06] With that, guys, thank you for checking us out. For Stuart Tiller, I’m Michael Tanner. We’ll see you next time, guys.
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