The ENB podcast with Ryan Ray, internationally recognized media personality, business consultant, author, political commentator, and geopolitical strategist. This is a fun interview covering energy and some social implications.
Thank you Ryan for stopping by the ENB podcast! Your industry leadership is always appreciated. – Stu.
Ryan Ray is an internationally recognized media personality, business consultant, author, political commentator, and geopolitical strategist. A veteran of the energy industry since 2005, he has given presentations on the oil and gas industry in the US and internationally. He has published articles in Right of Way Magazine, World Pipelines Magazine, Shale Magazine, and Xinhua – which is the biggest and most influential media organization in China. Ryan has led two teams that won international mapping competitions and most recently, was on the winning team at the 2019 George H.W. Bush Conference on US-China Relations hackathon competition. In early 2020 he joined the Board of Advisors for the George H.W. Bush Foundation for US-China Relations.
Automatic Transcription: We disavow any mistakes or incorrect statements unless they make us funnier or smarter.
Stu Turley, CEO, Sandstone Group [00:00:05] Hey, everybody, today is just absolutely one of my favorite days of the month, and that means Ryan Ray has stopped by the Energy News Beat podcast. And I’ll tell you, Ryan, you’re not only the I say this every time you’re my favorite presidential candidate that I know you are the head of the CCP, but you are also the man. You got all these things, you’re a cattle herder. You got all of this stuff in Texas. Your supposed friend with Ben. I don’t know how that’s happened.
Ryan Ray, President, Ray Global Advisors [00:00:35] He says, he’s my friend, but you’ve never heard me say, I’m his friend.
Stu Turley, CEO, Sandstone Group [00:00:40] OK? I love that. Hey, we had an action-packed show this morning for you, and I’ll tell you what you and I were kind of kicking some things around here. China is going nuts.
Ryan Ray, President, Ray Global Advisors [00:00:50] Going or has been a black day.
Stu Turley, CEO, Sandstone Group [00:00:55] You know, I was visiting with another expert in bitcoin and I had my graphs and I came ready with data and I was wrong, which, you know, Ray, you write, you always have to like fact check me. And so it’s
Ryan Ray, President, Ray Global Advisors [00:01:08] stuff that’s why I’m wrong as well. But whatever.
Stu Turley, CEO, Sandstone Group [00:01:11] Thank you. Hey, hey, hey. I was telling you, I just released urban ever Islam. All right.
Ryan Ray, President, Ray Global Advisors [00:01:18] Grant, that’s a big snag.
Stu Turley, CEO, Sandstone Group [00:01:20] Oh, she is wonderful. And she said, Are you ready for this? Not only is my Putin imitation bad, but it’s also wrong. So I say, you know, I do a lousy I’ve always known. But she knows he’s a very soft-spoken man meme, but very much
Ryan Ray, President, Ray Global Advisors [00:01:41] the only thing worse than doing a bad impersonation is when someone tells you, you’re like, Oh, I know, I know it was bad. We all know is bad. That’s the joke. I don’t need you to tell me that
Stu Turley, CEO, Sandstone Group [00:01:52] Irina was so cool to take the time to visit with me and everything else. So she’s a rock star with
Ryan Ray, President, Ray Global Advisors [00:01:59] what she is like. She puts out like four hundred blogs a day. It’s crazy.
Stu Turley, CEO, Sandstone Group [00:02:03] She is. She’s also using Substack in. And I really like her stuff. Now, speaking to Steele on staff, I look at her stuff and go, Hey, that was pretty darn cool. Yeah. Oh yeah, good. I don’t listen to many other podcasts other than in years, and
Ryan Ray, President, Ray Global Advisors [00:02:22] I’ve got enough to keep you busy.
Stu Turley, CEO, Sandstone Group [00:02:23] So I only do it when I’m riding on the bike for 28 miles a day. So, hey, I hit 120 miles last week.
Ryan Ray, President, Ray Global Advisors [00:02:33] Wow, that’s an aggressive number.
Stu Turley, CEO, Sandstone Group [00:02:35] I try to hit 100 every week and be an old fat guy keeps me. Hey, let’s get busy on China yesterday on my interview and with Kat Galloway, she is an ESG expert, and she’s got a company that is actually helping folks mine bitcoin through flaring of natural gas. Wonderful data point. She said yesterday, Oh, all these servers from China having shut down bitcoin here in Houston and then the Ryan Ray, this guy that knows everything about anybody that gave me a hint of what’s up, doc? Spill the beans.
Ryan Ray, President, Ray Global Advisors [00:03:23] Well, right now we’re working on a deal to place 8000 units that are still in China, en route to the US. And so we’re trying to place them and we have access to many, many, many more. And so they’re not all in Houston just yet. So, oh, that’s what I would say. I never heard of them, but there are at least 8000 that I know of.
Stu Turley, CEO, Sandstone Group [00:03:44] Now how cool is that? I don’t want to say give up your sources or anything, but out of the source do.
Ryan Ray, President, Ray Global Advisors [00:03:50] Whoa.
Stu Turley, CEO, Sandstone Group [00:03:50] Whoa, whoa, whoa. You have to source. Let’s go. No, I meant like, you are in. You are connected all over the place. Ryan Wray is a black biter of knowledge. Oh my book! Oh, OK. I don’t want to know if there are things in there. Don’t worry. Oh well, I want to be your Minister of Defense. If you ever like you, make it to the CCP head of the CCP. You ever make it as president of the United States. I’m there for you.
Ryan Ray, President, Ray Global Advisors [00:04:23] You know, I was in talks last week. I’ll break this news to your listeners. I was in talks last week with a lot of people in Texas and gave a long, long look to a state Senate run. But I decided not to crack it right there.
Stu Turley, CEO, Sandstone Group [00:04:39] Oh oh, be still my beating heart. How come?
Ryan Ray, President, Ray Global Advisors [00:04:44] Well, it boiled down to one person young. I couldn’t get an endorsement from him.
Stu Turley, CEO, Sandstone Group [00:04:52] I got nothing on that one. I got I got nothing.
Ryan Ray, President, Ray Global Advisors [00:04:56] No, it’s not just what is that, you know? A lot of reasons, but I did I talked to a lot of people, I had some pretty decent endorsements and like we could get some traction, but no, I will not be running in 2022. Well, I’ll be voting for myself, whatever whenever I go to vote for, obviously. But as a formal candidate, I will not be running, asked to vote for me, obviously,
Stu Turley, CEO, Sandstone Group [00:05:17] or we will. All right, Shannon. You know, and everything else. But you know what, right? That tells me that you’re ethical. That’s exactly what got me was, I can’t believe
Ryan Ray, President, Ray Global Advisors [00:05:32] we’re talking to you. Like, Well, we’ll do this and you can do this. I’m like, I just I don’t think I can do that. I don’t think I can do that.
Stu Turley, CEO, Sandstone Group [00:05:36] And so, you know, it’s the difference between a politician and a dead snake in the road is not, you know what? There’s skid marks in front of the snake.
Ryan Ray, President, Ray Global Advisors [00:05:48] Yeah.
Stu Turley, CEO, Sandstone Group [00:05:49] That means somebody tried to stop so they wouldn’t hit the snake. Exactly right. So, you know, that goes back to politicians now. OK.
Ryan Ray, President, Ray Global Advisors [00:05:59] China, like China,
Stu Turley, CEO, Sandstone Group [00:06:01] I saw this morning and go, Figure this out. I got a chill when I was. I saw this. CNN actually said China’s bad. Oh, wow. Wow. Is mainstream media almost going to talk about what’s going on in Germany?
Ryan Ray, President, Ray Global Advisors [00:06:19] No, heavens, no.
Stu Turley, CEO, Sandstone Group [00:06:22] Yeah, it must have been a commercial that somebody put out. Well, I mean.
Ryan Ray, President, Ray Global Advisors [00:06:29] The issue is China. Is so entrenched and in so many things, it’s like there’s a certain trial going on this week that’s not getting a lot of coverage and it’s not getting a lot of coverage because it’s entrenched in so many things. So there’s a lot of pressure points on China, which makes it hard for them.
Stu Turley, CEO, Sandstone Group [00:06:52] Is that the one where there’s a lot of bodies that are buried in?
Ryan Ray, President, Ray Global Advisors [00:06:56] Yeah, there were some that were hanging around, but yeah, there are some that are buried as well. But, you know. But you know, with the China deal
Stu Turley, CEO, Sandstone Group [00:07:06] that is right was a great one. Ryan, I’m sorry about China.
Ryan Ray, President, Ray Global Advisors [00:07:16] The issue has been and will be it goes back not to yesterday, but two years, decades ago. All these deals that were done, they were done. Kind of. Hey, we’re going to do this. We’re going to work this out. Everyone agrees this is good. Terms in the game have shifted and now you find people who have basically made a lot of bad deals and they’re stuck because they’re cash-dependent. Hollywood’s a great example. They’re cash-dependent on China, right? And Hollywood for wanting to make money in China. I am we should I mean, free-market capitalists. I don’t care about that. But I also have the right to call out Hollywood because they’re scared to death because their income is so China-dependent that they can’t write any type of movie. That criticism. Take, for example, the NBA. Well, NBA, OK, but take, for example, the UM, the recent Hong Kong and Hong Kong Godzilla vs. King Kong movie, right? Right.
Stu Turley, CEO, Sandstone Group [00:08:16] I did. It wasn’t bad.
Ryan Ray, President, Ray Global Advisors [00:08:18] It was good. It was good. So the fight takes place in China. But where in China and Hong idea in Hong Kong, Beijing, not in Shanghai. And so all of that gets released into what’s happening, and it’s really hard to distinguish how much the CCP influence versus how much that is. Um, you know, Hollywood is picking a spot, but when you find it, the more you dig into this, so them calling China bad. OK, well, that’s one thing. Yeah. What does that mean? Practically? How far are we going to push this conversation? And the sad part about journalism today is there are plenty of bad things that all governments are doing. People depend on interviews from high-ranking officials, and so they’re so afraid to call out so much of what’s going on in the world.
Stu Turley, CEO, Sandstone Group [00:09:08] I’ve lost all faith in all politicians.
Ryan Ray, President, Ray Global Advisors [00:09:12] And yet you want me to run. You want me to be surrounded,
Stu Turley, CEO, Sandstone Group [00:09:15] you are the only politician because you’re a libertarian. I trust you. You’re almost ethical. I know better
Ryan Ray, President, Ray Global Advisors [00:09:24] than most would have said if they take the helm.
Stu Turley, CEO, Sandstone Group [00:09:28] Hey, if I’m going to volunteer to be in your cabinet, it means I trust you.
Ryan Ray, President, Ray Global Advisors [00:09:33] Well, it also, you know, if I’m almost ethical and you’re willing to run with me, then that means that you’re close to being ethical. So between the two of us, there’s an ethical bone
Stu Turley, CEO, Sandstone Group [00:09:44] somewhere, right? We’re maybe a half between us.
Ryan Ray, President, Ray Global Advisors [00:09:48] Well, yeah, maybe.
Stu Turley, CEO, Sandstone Group [00:09:50] OK, well, we’re both capitalists
Ryan Ray, President, Ray Global Advisors [00:09:52] that I am, that you are.
Stu Turley, CEO, Sandstone Group [00:09:54] Well, yeah. And I’m renouncing the Republican Party and becoming a libertarian.
Ryan Ray, President, Ray Global Advisors [00:10:00] There you go. There you go. That was part of it as well. This I didn’t want to be a Republican and Ron, but you’d have to win.
Stu Turley, CEO, Sandstone Group [00:10:07] Yeah. And which said,
Ryan Ray, President, Ray Global Advisors [00:10:10] it’s very sad. And so,
Stu Turley, CEO, Sandstone Group [00:10:12] yeah, you know, it’s almost like in its Germany, where they actually have the Green Party that is now taken up. And you see, no, no, that is absolutely actually the party’s name green. Not only has Germany now increased to be the number one killer per hour to its concern to its citizens. They now got a political party called the Green Party. Holy smokes, Batman.
Ryan Ray, President, Ray Global Advisors [00:10:44] It takes talent to pull that off, doesn’t it, for money?
Stu Turley, CEO, Sandstone Group [00:10:48] You know, it’s kind of funny that we talk about this. The number one loser in the energy crisis is the consumer number one. Oh, yes. And you and I are big about the disproportionately impacted communities, the countries that are always having to pay the bill. And it is sad that now Europe, I don’t remember if you and I talked about this, but the cop, 26, came out and said, Oh, by the way, natural gas is renewable. And then in the Senate and then in the infrastructure bill, it’s a renewable holy smoke. Get ready. You’re going to see some of this starting to feed in. You heard it here. The second man, I’m sitting here doing notes. Nobody’s talking about that still.
Ryan Ray, President, Ray Global Advisors [00:11:41] Well, so what you’re touching on is quite important. And I think it’s frank.
Stu Turley, CEO, Sandstone Group [00:11:47] Did you say impotent, impotent?
Ryan Ray, President, Ray Global Advisors [00:11:49] It’s impotent, impotent. Hate that people listen to what you’ve got to say. That’s me that’s my real thick hillbilly accent coming you. So you bring it out of me, do you? I’m from Louisiana and I’m a self-professed redneck. Would you draw? Oh, no,
Stu Turley, CEO, Sandstone Group [00:12:11] oh no, no, no. You and I are dangerous. Next, we got to blow some stuff up next time you give up.
Ryan Ray, President, Ray Global Advisors [00:12:18] I don’t. You remember where I was going? Oh, yeah, yeah. So, you know, ’cause it hopper. I can’t hear who it is. No. No, Hopper.
Stu Turley, CEO, Sandstone Group [00:12:27] Lily, half the guy that was buried. No, not Jimmy. Jimmy Kimmel.
Ryan Ray, President, Ray Global Advisors [00:12:34] The philosopher guy I’m thinking of. Anyway, he has the same, Socrates. Carlos, this guy is still alive. He has to say something to the effect of, you know, writing a slogan that everyone can agree with. OK. And that’s important. So if you’re starting a movement, write a slogan that no one can disagree with. So you think about the slogans that get put out there, they kind of make it the mainstream culture. They’re very much slogans that everyone should agree with. Right? Against climate change or for this or whatever it might be, they try to be poignant enough to kind of divide the land where so climate change is what we’re talking about in renewable energies is we’re talking about. Well, that are all. First off, if you if you take the term renewable well, what about renewable energy is actually renewable, right? To my knowledge, nothing.
Stu Turley, CEO, Sandstone Group [00:13:30] Except one, what fusion? And that that, to me, fusion nuclear power when it the only thing coming out of fusion versus fusion is water. I’m sorry, but I am such a nuclear fan, all of it. Oh, I love me some nuke and I guarantee you we’re not going to make it to carbon net-zero without natural gas, without nuke, without hydro. And then eventually, as technology gets going, it’s not a matter of whether or not we need to go to renewables, it’s how we get there. Ryan, that’s driving me to do it
Ryan Ray, President, Ray Global Advisors [00:14:09] would be to build those, those machines, the U.S. Those are limited resources.
Stu Turley, CEO, Sandstone Group [00:14:17] Yes. And we’re not going to get there, especially with the EV. I mean, the number one thing I just saw was precious rare earth minerals. We’ve talked about this before and it’s getting frightening. Right? Well, we’re going to be able to build two more, two more EV cars. I mean, we’re going to run out of pressure. I’m just kidding on that. Precious minerals.
Ryan Ray, President, Ray Global Advisors [00:14:42] Well, OK. So when we talk about renewables, it kind of shifts it. Oh, these renewables, therefore it must be good. Therefore, we should use it. And I’m not against renewables. We talked about this before, but it’s it’s the label. And that’s the problem is you cut the labels when you say that if you want to shift from. You know, natural gas is a e.v. is renewable to not that’s fine because it’s just being labeled just labels that people are moving things around, you know, climate change, you know, there’s a lot of there’s there should be some debate about what the impact that is, what’s the best way to mitigate it other than just shifting fuel sources? Right. So you can oh yeah. So, you know, for instance, um. You know, you could have a debilitating disease and say, well, this, you know, like what was like, you know, aliens or something like that was going to build it, right? Well, right at that point, you had to realize, Well, OK, we have, how do we work around this? So if you take these climate change predictions and you say they’re going to be true, well, then how do you actually work around that? Because it might not be possible to just stop where we’re heading and I’m not trying to win the B, but no one, no one’s talking about building.
Stu Turley, CEO, Sandstone Group [00:15:55] You’re not trying to wail on a baby.
Ryan Ray, President, Ray Global Advisors [00:15:57] I’m not trying to wail on anything
Stu Turley, CEO, Sandstone Group [00:15:58] as
Ryan Ray, President, Ray Global Advisors [00:15:59] it kind of will and anything, you know. Well, today you then got me countrified here, man.
Stu Turley, CEO, Sandstone Group [00:16:06] You know
Ryan Ray, President, Ray Global Advisors [00:16:08] it’s you
Stu Turley, CEO, Sandstone Group [00:16:09] do. It’s Oh, you just I love hanging with you, man. Oh man, why?
Ryan Ray, President, Ray Global Advisors [00:16:14] Where are the discussions about moving people inland or building sea walls or all right, those discussions aren’t happening. And so you talk about people moving what is acceptable, what’s not acceptable as far as fuel sources to be used in the future? It shouldn’t surprise us because there’s really not a debate. There are slogans, there’s messaging. There’s been a debate about what’s going on and what impact it might have and then how to deal with that. And so those are all things that frustrate me. I’m trying to find this guy because drives me crazy, I can’t think of, oh yeah, Chomsky. Noam Chomsky, Noam Chomsky to was thinking of He’s the one who
Stu Turley, CEO, Sandstone Group [00:16:52] wasn’t he a famous composer? No, that was chosen.
Ryan Ray, President, Ray Global Advisors [00:16:57] Chomsky called close enough. Close enough. We’re going to crack a will.
Stu Turley, CEO, Sandstone Group [00:17:03] Oh, absolutely. Oh, almost tossed my laptop off. So now I’ll tell you what to do with China. I saw some more things where they have cut a deal in South America with several oil companies, and in they are this one. Just absolutely. This one just absolutely frosted my cookies. The oil companies that are taking apart the Amazon rainforest, you know, everybody is saying, Oh, you know, we had to save the whales and we got to save the Amazon rainforest. Mm-hmm. And China is funding and has the oil companies down there destroying huge chunks of the stew.
Ryan Ray, President, Ray Global Advisors [00:18:00] Well, let me just stop you there. OK, stop you there. All right. You’re a sharp guy. You’re about to have this all together for the audience. OK, I’m just going to put you on the yellow brick road. OK, cool. You tell me. Yeah. This whole time of China’s second. But hear me out. We got to go to Russia first. OK.
Stu Turley, CEO, Sandstone Group [00:18:17] I’m not going to do my Putin imitation. I’ve been bad. OK.
Ryan Ray, President, Ray Global Advisors [00:18:21] Me or you. So. What is the news around a certain pipeline coming out of Russia right now? What’s the news and is it extreme too? Yes. What are they? What is the US talking about doing?
Stu Turley, CEO, Sandstone Group [00:18:37] They’re putting in sanctions and they are absolutely worthless.
Ryan Ray, President, Ray Global Advisors [00:18:41] And Biden said yesterday that he might get the members of the E.U. to come together to ban the pipeline. Did I hear that correctly?
Stu Turley, CEO, Sandstone Group [00:18:48] Yeah, a little late.
Ryan Ray, President, Ray Global Advisors [00:18:50] OK, so, so hold on. If you follow this logic here, Biden is willing to block a pipeline. Because of what an invasion. Right? Yeah. Now I’m old enough to remember, still, you’re the young buck here, so put your learning hat on. I’m old enough to remember when the Biden administration blocked pipelines because they were just bad and evil, to begin with.
Stu Turley, CEO, Sandstone Group [00:19:16] The first day in office, first day in office.
Ryan Ray, President, Ray Global Advisors [00:19:20] It’s funny, though, once you leave was the pipelines leave the U.S. those pipelines are not bad on principle. They’re only bad if you invade another nation. Otherwise, the pipeline is good.
Stu Turley, CEO, Sandstone Group [00:19:33] I got an idea. I got an idea. I’m going to call Prime Minister Trudeau and say, invade the U.S.
Ryan Ray, President, Ray Global Advisors [00:19:42] they might actually. Yeah, they might. Yeah, yeah.
Stu Turley, CEO, Sandstone Group [00:19:45] What do you think?
Ryan Ray, President, Ray Global Advisors [00:19:46] So when you talk about China, when you talk about China in the rainforest and whatever’s going on in the world? It’s not that there aren’t people on the other side of the aisle, you know that we did that we couldn’t get along with that. The. I think my frustration is there is no and I say no. I mean none. No consistency or concern or cares about actual environmental impacts and how to talk about it and how to think about it. So what is China doing in the rainforest? Sure. But that’s not a problem because China’s doing just like it’s not a problem for Russia to build a pipeline because Russia is doing it. But America, if you want to build a pipeline, well, oh, we’ve got every reason in the world. We can’t do that here. But they don’t actually care. And we’ve talked about this.
Stu Turley, CEO, Sandstone Group [00:20:34] Do oh, you haven’t called the Saudis?
Ryan Ray, President, Ray Global Advisors [00:20:37] Ask them to create increased production while putting the squeeze on U.S. producers. It’s like, do we live in a fantasy simulation?
Stu Turley, CEO, Sandstone Group [00:20:46] Let me throw one more at Ryan. Absolutely brilliant. Absolutely brilliant. You brought up some things that I’m going to have to steal because those are fabulous. I’d like to give everybody a round of applause for Brian Ray. That was some fabulous stuff. Let me throw one more squirrel at you. Are you ready? I’m ready. 70 percent of the real many pulled out of the Amazon. Get shipped to a drum roll. California.
Ryan Ray, President, Ray Global Advisors [00:21:22] You don’t say.
Stu Turley, CEO, Sandstone Group [00:21:24] I do say so here is OK, we get the highest kilowatt per hour in the world, as is Germany. The second is California. Both are held to be renewable. Greener. And they are killing the Amazon. Don’t figure this one out.
Ryan Ray, President, Ray Global Advisors [00:21:45] So here’s what happens. Here’s what happens is that people hear this that are more friendly to our side of the argument and they like, OK, we’ll screw it. We’re going to do it. We’re going to do it because the other side is crazy. And that’s what happens, right? Because you can’t have a rational conversation about the role of solar or wind or hydro or insert what you’re. So both sides just go, screw it. We’re gonna do our own thing, right? OK. You know, we can talk about climate change or environmental impact or right. We can have a great conversation to have. But still, we’ve got to the point where, you know, it’s laughable that we’re talking about shutting down a pipeline because of a country like another country. And that’s the justification. Oh, by the way, I mean, over here all the time because they’re bad, but once they leave the borders, they’re no longer banned. We can’t go cut down a tree in the rainforest because that’s bad. But if someone else does it, they can sell us the product like it’s nonsense.
Stu Turley, CEO, Sandstone Group [00:22:41] Its nuts.
Ryan Ray, President, Ray Global Advisors [00:22:42] Part of what is happening, those two. Is the legacy mentality of being able to operate under the cover of darkness without being exposed is slowly fading away? I like that whole Africa took it on the chin for decades, upon decades, upon decades, because no one could report on it. No one could talk about it. So what you’re seeing is the old ways of doing business. Now people like me and you could talk about it and people go, Oh yeah, oh, now, let’s listen. It’s called some rocky road. Some bumps along the way and people get contentious. I’m not saying that, but it’s better than it was in the 50s or 60s or thirties when people could just go Railroad Nation-states and no one knew about it.
Stu Turley, CEO, Sandstone Group [00:23:25] You know, I approve this message, sorry. I’m still stunned your points are actually making sense and absolutely phenomenal.
Ryan Ray, President, Ray Global Advisors [00:23:33] It took a long time, but first to
Stu Turley, CEO, Sandstone Group [00:23:35] knows you’re one of the most brilliant dudes. I try to hang with you and I really appreciate those rankings, and it’s you and I have talked about this ad nauseum. And that is it is not whether or not how the energy gets it or anything else a need to pull people out of poverty being we need to get the lowest kilowatt per hour with the least amount of impact and really keep it low cost for the consumers because right now we’re in a commodities boom and people the economic between the rich and the poor is going to go. An even greater middle class is going to go away. And energy is paying the big piece of that. And I care about Africa, the disproportionately impacted countries, and the disproportionately impacted communities. And I’d like to have a great talk with everybody, and you’re needing to be a state senator to bring all this together. Now we are talking about that.
Ryan Ray, President, Ray Global Advisors [00:24:42] No, no. I mean, it’s one of those things where. And I think this is part of what you’re talking about, that people should understand, which is. Let’s just for the sake of argument, say that coal is the cheapest energy source in a certain part of the world, right? Let me say that it is OK used to be.
Stu Turley, CEO, Sandstone Group [00:25:07] Was that used to be?
Ryan Ray, President, Ray Global Advisors [00:25:09] To say it’s just that it is today,
Stu Turley, CEO, Sandstone Group [00:25:11] but
Ryan Ray, President, Ray Global Advisors [00:25:12] those they pick up a pick, you know, the emerging market here and we’re going to insert coal but can be reliable, is going to be tight. OK. What then happens is that as those people become wealthier. They changed their perception of the type of power and pollution that they want, and you’ve seen this in China. Yes, the Chinese people do not want the smog anymore because they got a little money in their pocket, they got a little wealth about them. And you know what? The sucks. You know, we were suffering out here of being farmers and had no wealth. We went through this tough process. Yeah. I don’t want to die of lung cancer now. I want to live a better life. And so there’s pressure on the CCP to clean up the nasty air that’s over there, right? That’s because of, well, in that, let’s be honest here, it’s not like folks in China have a huge voice to say they want to know how this government is feeling that pressure. Yeah, you think of more free countries, what would happen. And so part of it is you have to kind of go through that at the cheap option might not be the cleanest option. But what happens is as people get wealthier right there, won’t that they wanted a cleaner because they can afford it, right? Right. And so, you know, and that’s part of the discussion that gets overlooked, it seems like. And so you have these terrible ideas that keep people in poverty.
Stu Turley, CEO, Sandstone Group [00:26:33] Man, I hate it when two redneck cronies make sense together, I mean, at least we make sense in our own mind, you
Ryan Ray, President, Ray Global Advisors [00:26:42] know, I mean enough for the two people listening right now.
Stu Turley, CEO, Sandstone Group [00:26:45] Oh, absolutely. And you know, I’m going to push this one out very quickly because of the timing and everything else. So it’s going to be kind of fun to tag in B.J. up on this one, actually.
Ryan Ray, President, Ray Global Advisors [00:26:57] Listen, this is like, you know like a boxer has a training camp. This is my monthly sparring session. I come in here. Stu turns me up. I’m here, I.
Stu Turley, CEO, Sandstone Group [00:27:09] You’re fighting an unarmed opponent, Ryan. I am such a noteworthy opponent for you.
Ryan Ray, President, Ray Global Advisors [00:27:15] Do comes in here, you know, poverty in the nose a few times and like, Hey, redneck, you said, this is what it means to me.
Stu Turley, CEO, Sandstone Group [00:27:22] I didn’t say, I mean the redneck lovingly.
Ryan Ray, President, Ray Global Advisors [00:27:26] Oh, that’s him every day.
Stu Turley, CEO, Sandstone Group [00:27:28] Do what now?
Ryan Ray, President, Ray Global Advisors [00:27:29] Did I tell you my redneck story from the other day?
Stu Turley, CEO, Sandstone Group [00:27:31] Oh no. Bring it on.
Ryan Ray, President, Ray Global Advisors [00:27:34] I was going to meet a rancher in
Stu Turley, CEO, Sandstone Group [00:27:37] Lebanon, a rancher or a rancher arranger labored.
Ryan Ray, President, Ray Global Advisors [00:27:44] So get dressed and I walk into the little daughter. Still, it was the most depressing thing in my life, I was among my own people and they did not receive me. They looked at me like, Who is this big city guy walking up in here with slacks on a nice shirt and jacket?
Stu Turley, CEO, Sandstone Group [00:28:03] You should have had pants on, man.
Ryan Ray, President, Ray Global Advisors [00:28:04] I know, I know, I know.
Stu Turley, CEO, Sandstone Group [00:28:07] You should have had jeans and cowboy boots.
Ryan Ray, President, Ray Global Advisors [00:28:10] You want it. Obviously, you’re going to duck and we do thank you.
Stu Turley, CEO, Sandstone Group [00:28:13] No, I’m just saying I hey, I didn’t. I didn’t get accepted in the redneck haven that I’m in with bear country until I grew facial hair. They don’t care if you don’t have any hair on the top of your head. I don’t know how you do it, but normally for twenty-five years now that I have facial hair and I comb all of my hair on the back of my back like a cape man, they go away. Yeah, you do. And still, I
Ryan Ray, President, Ray Global Advisors [00:28:43] would have left my crocs alone. If I hadn’t known outputs, I wouldn’t be bulgy. I left. No, no, I left that day and about jeans the next day or whatever it was, or two days later, I bought some jeans. I don’t wear jeans ever since I was like, You know, I have a band in my redneck roots, and I was ashamed. I was embarrassed. So I’ll be no
Stu Turley, CEO, Sandstone Group [00:29:02] good for
Ryan Ray, President, Ray Global Advisors [00:29:02] you around the world. It was me. Is that you guys me and don’t don’t think that that that reflects who I am. It was a misstep in judgment. And for that, I’m sorry.
Stu Turley, CEO, Sandstone Group [00:29:12] Oh, you know, that is amazing. That’s only the first time I think you’ve ever been wrong. That’s that’s really the issue.
Ryan Ray, President, Ray Global Advisors [00:29:21] Yes, but my wife’s not been on right.
Stu Turley, CEO, Sandstone Group [00:29:23] She has oh yeah. Well, she I’m. But you know what I’ve been noticing over the last 25 years, speaking of social things that have changed. Everybody used to wave when you’re on the boat dragging kids, no matter who it was, you’re always waving. It same thing over the last year. Nobody’s waving. Nobody’s doing anything until I put my comb-over out of my back hair. I got a hair cape going on like this. Everybody’s waving in and out, waving there, pointing, and laughing. So I mean, it used to be people wave and socially nice now. Nobody is socially nice anymore.
Ryan Ray, President, Ray Global Advisors [00:30:03] Well, if I see him public, I’ll give you a nod.
Stu Turley, CEO, Sandstone Group [00:30:05] OK. And some shirts or you know, right? We’re going to have some fun next month, but this is a December to remember. And that’s what we’re going to title this one, a December to remember. How man, I am so glad 2021 is behind us. And I think 2022 is going to be a better year, especially because I’ve had COVID twice this year and the year before. I’ve had COVID again this year and I’ve had two shots, so I’m now doing 100 miles a week on my bike. I’ve lost more hair. I’ve lost some weight. Mhm.
Ryan Ray, President, Ray Global Advisors [00:30:48] You know, like outside or inside or outside. Oh, you’re a tough man.
Stu Turley, CEO, Sandstone Group [00:30:54] I try to be.
Ryan Ray, President, Ray Global Advisors [00:30:55] Oh, so tip of the cap to your brother.
Stu Turley, CEO, Sandstone Group [00:30:58] Oh yeah, I can outrun you on a bike.
Ryan Ray, President, Ray Global Advisors [00:31:01] Well, you can outrun me, outrun me. But what I know in the bike thing was nice.
Stu Turley, CEO, Sandstone Group [00:31:06] But um, but Ryan, I will. I will tag you in. This thing goes out here real quick.
Ryan Ray, President, Ray Global Advisors [00:31:11] So thank you guys for having me on.
