Daily Energy Standup Episode #156 – From Sunlight to Gold: Putin’s Geopolitical Maneuvers and Green Energy Sham

Daily Standup Top Stories

Putin’s Grip On Power

Authored by Andrew Korybko via The Automatic Earth blog, It was earlier advised to “Be Very Skeptical Of US Intel Claiming That Surovikin May Have Helped Plan Prigozhin’s Coup“, and now two new developments lend […]

Putin Wisely Suggested That Russia Emulate Modi’s Make In India Initiative – Great insights as India buys 46% of it’s oil from Russia.

ENB Pub Note: Andrew Korybko is a Russian Substack author and geopolitical analyst. He has an interesting view on geopolitical conflicts, and while I do not agree with everything he says, Andrew does bring in […]

Geopolitical Evolution: Russia’s ‘Rebellion’ & A Return To Gold-Backed Currency

Authored by Alasdair Macleod via GoldMoney.com, The increasing number of nations seeking to join BRICS brings geopolitics into the spotlight. At the time of writing, existing members, those who have applied to join and those expressing […]

White House report signals openness to manipulating sunlight to prevent climate change – Really? Senailty is alive and well.

ENB Pub Note: This article from Fox comes only after a few days after the EU announced the same solar radiation modification. Following the EU on any energy or climate policy is a bad idea. […]

He raised millions to turn manure into green energy. It was all a load of cow dung

Ray Brewer claimed he could turn cow manure into green energy, and he took in millions of dollars from investors hoping to cash in. Federal prosecutors say it was all a bunch of, well, cow […]

Highlights of the Podcast

00:00 – Intro
03:32 – Putin Wisely Suggested That Russia Emulate Modi’s Make In India Initiative – Great insights as India buys 46% of it’s oil from Russia.
10:05 – Putin’s Grip On Power
12:33 – Geopolitical Evolution: Russia’s ‘Rebellion’ & A Return To Gold-Backed Currency
16:31 – White House report signals openness to manipulating sunlight to prevent climate change – Really? Senailty is alive and well.
21:20 – He raised millions to turn manure into green energy. It was all a load of cow dung
24:45 – Market Updates
29:45 – Outro


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– Get in Contact With The Show –


Michael Tanner: [00:00:38] What is going on? Everybody, Welcome into another edition of the Daily Energy News Beat Stand Up here on this gorgeous Monday, July 3rd, 2023. As always, I’m your humble correspondent Michael Tanner coming to you from an undisclosed location here in Dallas, Texas, joined by the Executive Producer of the show, the purveyor of the show and the Director and Publisher of the world’s greatest website, EnergyNewsBeat.com, Stuart Turley, my man, how are we doing today? [00:01:03][25.4]

Stuart Turley: [00:01:04] Its a Beautiful day here in the neighborhood that look, it’s not hot, I mean, I’m not sitting there with my arm, but it’s big down in Texas. [00:01:10][5.9]

Michael Tanner: [00:01:12] This weekend was a little bit Chiller than it was last week so hopefully we survived the worst of it. But unfortunately, I think the worst the worst is yet to come ERCOT is not out of the woods yet. So I had no I had no blackouts but you never know, ERCOT is not out of the woods yet. [00:01:27][15.7]

Michael Tanner: [00:01:28] We have a packed show for you I was Booming stories left and right to try to get this under here. Clear theme of the first three stories we’re going to fly over Russia. First one, we’ve got Putin’s grip on Power. Oh, spooky. Next stop, Putin wisely suggested that Russia emulate Modi’s Make in India Initiative great insights as Russian buys 46% of its or as India buys 46% of its oil from Russia. This is a random guy on Substack Andrew core boss geopolitical analyst out of Russia we actually do love his stuff this is a great article. [00:02:08][39.8]

Michael Tanner: [00:02:08] And then finally to round out our Putin extravaganza, A geopolitical evolution, Russia’s rebellion and a return to a gold back currency with BRICS. So spooky Stu will cover what’s going on with the latest on Putin’s 2024 campaign as well. He will then flip it over to the United States and we will cover, White House reportedly signals openness to manipulating sunlight to prevent climate change, this is not a hoax, folks this is a real headline that we will cover it’ll make you airsick as Stu would say. [00:02:41][33.0]

Michael Tanner: [00:02:42] Next up, He raised millions to turn manure into green energy, all a load of cow dung. This is a very interesting story that we found out of The L.A. Times in terms of a classic Ponzi scheme. So we we love that Stu will then kick it over to me. I’ll cover what’s going on in the oil markets. We saw oil trading up above 70,45 to close out the trading session, which is great to see oil does look to open a little bit higher to record this Sunday afternoon we did see rig counts and an interesting EIA outlook that I will cover. [00:03:18][36.1]

Michael Tanner: [00:03:19] Before we dive into all of these stories again, visit us at the world’s greatest website www.EnergyNewsBeat.com the best place for all of your oil and gas and energy news Stu does a Great job of curating that website, making sure it stays up to speed with everything you need to know in the energy and geopolitical energy space. [00:03:36][16.8]

Michael Tanner: [00:03:37] Dashboard.EnergyNewsBeat.com the best place for all of your data and energy combo? Get it while you still can definitely go behind a paywall, hit the description below for all the links to the articles we’re out to talk about. Stu, start us off where do you want to begin? Are we flying to Russia? Are we there yet? [00:03:52][15.0]

Stuart Turley: [00:03:52] Flying to Russia? Maybe, you know, go over that airspace very carefully. [00:03:55][3.1]

Michael Tanner: [00:03:57] Luckily were with you. Luckily, we’re with Putin’s 2020 poor campaign manager. So we’re saying. [00:04:01][4.2]

Stuart Turley: [00:04:04] Okay, Putin wisely suggests that Russia emulate Modi’s make in India’s initiative. Great insight as India buys 46% of its oil from Russia. Michael, this is from Andrew Cuomo and he is the random dude on Substack I just think it’s pretty funny. [00:04:23][19.1]

Stuart Turley: [00:04:24] He’s got a following and he’s got a different opinion I don’t agree with everything he says. However, he is pretty good he is looking at it from the Russian side of things. Let’s take a look India has making is making a very important thing to make their own things in India. Putin went and I’ll read some of this here in a saying some of the key points. He went, That’s not a bad idea when we start making things in there. [00:04:55][30.6]

Stuart Turley: [00:04:55] Another piece of this puzzle is China is shutting down graphite for the EU so that’s in a different article but what’s happening is people are building their own stuff in their own countries. Wow. This is the global economy and global market is disintegrating. [00:05:16][20.6]

Stuart Turley: [00:05:17] So our friends in India and our big friend, Prime Minister Narendra modi, launched the Make in India Initiative several years ago. It is truly impressive effect on the Indian economy, it would do no harm to emulate what is working well, even if it was not us, but for our friends who created it. Michael. With India buying in rubles 46% of India’s oil is a boatload of oil. Yeah. I mean, that’s a super. [00:05:54][37.1]

Michael Tanner: [00:05:55] That’s a lot of oil. [00:05:55][0.7]

Stuart Turley: [00:05:56] That’s a lot of oil. Cash flow is going to Russia, Russia is going to do that last year, India grew twice what the percentage that China did, India is now the biggest market in the world. [00:06:15][19.1]

Michael Tanner: [00:06:18] India is the fastest growing economy in the world. [00:06:20][2.4]

Stuart Turley: [00:06:20] Fastest growing there at 6% and China was three but they’re approaching China’s. [00:06:26][6.0]

Michael Tanner: [00:06:28] So they’re approaching they’re the newest, biggest emerging market there what China was 25 years ago is what people claim. You know. [00:06:34][6.9]

Stuart Turley: [00:06:35] Yes, they’re the world’s fifth largest economy and on pace to become its third largest before the end of the decade that’s the correct way to phrase that. So three, China was 3.3% and it was 6.6 in India. Modi precisely foresaw the importance of prioritizing domestic industrialization more than a decade ago, long before that U.S. Chinese trade war years and years ago, when I was working for Intel. [00:07:09][33.7]

Stuart Turley: [00:07:10] I always questioned why Intel was building plants in China because you knew that you you were never gonna have a safe product over there. Hello? McFly. I mean, good grief, even I’m smart enough. And I went to Oklahoma State University where’s the shirt here there it is. Okay. All right. What are your comments? [00:07:34][24.5]

Michael Tanner: [00:07:36] Well, here’s here’s here’s my thing. If. I think India making India great. What are they? They seem to just be buying all their oil from Russia. The idea of make in India great or make in Russia if this is what Andrew Korbel or Kleiber is is is saying here’s Russia need to. [00:07:59][23.5]

Stuart Turley: [00:08:00] They’re going to make Russia [00:08:00][0.4]

Michael Tanner: [00:08:02] Good Luck! The United States discovered it’s tough to do that if you are able to do it cheap, we would do it in America. The only reason China can do it is because they allow the closest thing we have. [00:08:17][14.5]

Stuart Turley: [00:08:17] Yeah, yeah, yeah. I mean, these kids I mean. [00:08:20][3.0]

Michael Tanner: [00:08:21] So is that what it takes to make it in India or make it in Russia? [00:08:25][4.4]

Stuart Turley: [00:08:26] What is hanging out to soul? I mean. [00:08:28][1.8]

Michael Tanner: [00:08:29] No idea. [00:08:30][0.3]

Stuart Turley: [00:08:30] Beat the kid until he quits working. Okay. Yeah, that’s what that means. [00:08:35][4.7]

Michael Tanner: [00:08:37] Okay, so I guess what I’m saying is, so I guess I’m a little bit like, okay, great this is what this guy wants, dude. This guy so this guy’s advocating child slave labor, I guess. [00:08:46][9.8]

Stuart Turley: [00:08:47] No Hes not. [00:08:47][0.0]

Michael Tanner: [00:08:48] What does he want? [00:08:48][-0.0]

Stuart Turley: [00:08:49] He wants Russia to take the money that’s coming in from India, Sanctions don’t work and they’re going to start building all of their own things within Russia, as many as they possibly can. [00:09:02][13.8]

Michael Tanner: [00:09:03] That’s the point how do you get those things made? [00:09:05][1.7]

Stuart Turley: [00:09:06] You start somewhere, Michael. [00:09:08][1.6]

Michael Tanner: [00:09:09] I get you. I get you but we see what the end product looks like. I guess that’s the interesting part is were the even the United States is sourcing. You know, we don’t have that issue here we outsourced it to China. [00:09:20][11.3]

Stuart Turley: [00:09:21] Let’s take a look at the EU, Siemens over from the EU you know, they’re one of the biggest wind farm manufacturers in the world and they lost $1.7 trillion last year. Oops. Well, guess what else just happened? [00:09:38][17.1]

Michael Tanner: [00:09:39] Trillion. Or is it billion? [00:09:41][1.4]

Stuart Turley: [00:09:41] Billion. What’s a few trillion between friends? Billion? [00:09:44][3.1]

Michael Tanner: [00:09:45] That. That’s a. [00:09:46][0.7]

Stuart Turley: [00:09:47] Okay. Well, that. No, that was BlackRock thank you very much. Okay. But when you sit back and look, China is slapping down all the controls I almost looked like Trump with my pinky out like that that’s terrible. Okay. Trump learned it from me. [00:10:03][16.3]

Stuart Turley: [00:10:04] Okay. So when you when you sit back and look China is now shutting down the graphite production and you can’t make renewables without graphite. China is locking down the rest of the world on all this stuff. You better make it at home and you better figure out if you can’t make it at home, you better go back to bows and arrows and crayons, and you better be able to do without. [00:10:32][27.7]

Michael Tanner: [00:10:33] Well, I love me some crayons all right we’re staying in Russia. What’s next? [00:10:36][2.7]

Stuart Turley: [00:10:36] Okay. Putin’s grip on Power. This one actually is also by Andrew, but it came in off of our zero edge feed. So the Zero Edge, who we love, actually picked this one up. So, you know, some random guy on Substack got picked up by the Zero edge, I can’t be all that I’m not as dumb as I look. [00:10:58][21.9]

Stuart Turley: [00:10:59] So the the items that we talked about last week is the Wagner Group. My opinion was that this was a false flag. My opinion was, I mean, Putin, his best, biggest bad ass arm is the Wagner group. Why would the Wagner group do this other than to try to weasel out somebody trying to find out who his political opponents are within the the area and that’s what this brings out. He talks about that down here. So I’m not as dumb as I look. I love that. [00:11:38][39.2]

Michael Tanner: [00:11:39] Than. Oh, I see at the same time, here we go at the same time, Top influencers in the segment have suggested that President Putin colluded with Prigozhin to stage the so-called false flag coup to redeploy Ragnar to Belarus and expose internal enmities, our enemies thus implying that he ordered the groups to shoot down Russian pilots. It’s unclear whether those who propagate this totally because they’re actually believe it. But this innuendo is nevertheless anti-Russian to the core by hinting that its leader therefore committed treason to. Interesting. Interesting. [00:12:11][32.6]

Stuart Turley: [00:12:14] So when you sit back and take a look at he also talks about rivalry with the defense ministry. This is where he kind of brings it in down here. The paranoia that this was provoked in his delusions of grandeur after Wagner led Russia to victory in the Battle of Artemus. Boy, I can’t talk Russian. I can speak Japanese or Chinese, but yeah, okay. [00:12:43][29.5]

Stuart Turley: [00:12:44] He therefore functioned as the West’s potentially most potentially destabilizing, useful idiot in history who sparked the Civil War. Anyway, I thought it was very telling on that. Now let’s go on to the next one. Geopolitical evolution Russia’s rebellion and returned gold back currency. Michael, you and I have been talking about bricks and gold and China has been buying gold like you and Billy. [00:13:20][36.0]

Michael Tanner: [00:13:20] Spooky. [00:13:20][0.0]

Stuart Turley: [00:13:22] The number of increasing nations seeking to join BRICS brings India geopolitics into the spotlight. At the time of this writing, existing members who have applied to join and those expressed interest are a total of 36 nations, with over 60% of the world’s population and one third of global GDP. Holy smokes! And it’s going to the gold reserve. [00:13:54][32.9]

Michael Tanner: [00:13:56] Oh. [00:13:56][0.0]

Stuart Turley: [00:13:57] This is just nuts it’s gaining speed. Let me read. [00:14:01][4.0]

Michael Tanner: [00:14:02] I mean, in an environment of continual money printing and an environment where countries are looking to move off the petrodollar, gold offers itself as an interesting alternative. Now the issue is do they want something maybe more liquid than that? Or do they go to a gold back currency that is specific to trading oil and gas? Petro gold. [00:14:27][25.7]

Stuart Turley: [00:14:28] Ooh. Ooh. That’s not a bad idea, dude. You’re not as dumb as I look. [00:14:33][4.5]

Michael Tanner: [00:14:33] No, I’m not as dumb as you look definitely not. Definitely not. [00:14:39][6.0]

Stuart Turley: [00:14:40] Okay, here’s. I like this quote in here. Before Wagner, troops began their advance on Rostov and then on to Moscow last weekend, British officials had an extremely detailed and accurate picture of the mutinies planned. It was revealed yesterday the deal details were shared by U.S. intelligence. [00:15:01][20.4]

Stuart Turley: [00:15:05] And so that’s why these articles are all in here they’re all intertwined. BRICS, Russia, False flag. I mean, this is my head’s exploding with what’s coming around the corner here. But clearly, Putin is no fool he will realize the limitations of his mercenary troops he has used the Wagner specifically to spread fear in eastern Ukraine like the French foreign Legion of Bo, just a your Wagner’s recruiting ground appears to have been among jailbirds criminals on the run social misfits, thugs, goons, Antifa in is a haven for psychopaths. [00:15:48][42.2]

Michael Tanner: [00:15:50] It is funny, but read down here further. I mean, they talk about exactly what I brought up here they say there is evidence that plans for a new trade settlement currency will be announced at the upcoming BRICS meeting in Johannesburg on August 22nd through the 24th. We will be covering that out or that BRICS meeting like a like a flying maneuver, seriously. [00:16:13][23.3]

Stuart Turley: [00:16:15] I’m putting in for my travel right now to accounting, so I got to get there. [00:16:18][3.8]

Michael Tanner: [00:16:19] Yeah, we got to get you down to to Johannesburg. Now, will this be gold backed? Who knows? But it would be designed to ensure that its reserve status does not give overriding power to one nation, unlike the dollar bill. [00:16:34][14.8]

Stuart Turley: [00:16:35] Right. What happened in the US Gold? [00:16:36][1.2]

Michael Tanner: [00:16:38] I don’t know we probably sold it. [00:16:40][1.8]

Stuart Turley: [00:16:41] There is nothing in Fort Knox, so it had to go somewhere. [00:16:42][1.6]

Michael Tanner: [00:16:43] There was there actually nothing in Fort Knox? I’ve heard that rumor before. [00:16:46][2.6]

Stuart Turley: [00:16:48] It went somewhere else. But that’s a different conspiracy theory let’s go on to the next one. You. [00:16:53][4.9]

Michael Tanner: [00:16:55] This one’s good. This one’s good. [00:16:56][1.3]

Stuart Turley: [00:16:57] Which one? The house, White House? [00:16:59][1.6]

Michael Tanner: [00:16:59] Yes. [00:16:59][0.0]

Stuart Turley: [00:17:00] Okay. Michael. The White House report signals openness to manipulating sunlight to prevent climate change. Really, Sonality is alive and well through the entire government, not just our beloved president. Following the EU on any energy or climate policy is a bad idea. Just take the California adoption of the German energy policies both are globally on the highest price for energy delivered to consumers and negatively impact the economies in consumers disposable income. [00:17:43][43.6]

Stuart Turley: [00:17:44] Honestly, is the cost worth it when China and India are destroying the environment? We’re talking about the Biden administration releasing a report that they want to go into modification of the sunlight to try to lower the Earth’s temperature. You’ve got to be kidding me. I mean, this is absolutely nuts. [00:18:12][27.3]

Michael Tanner: [00:18:13] Yeah, What does it say? The White House Office of Science and Technology I mean, that just I bet you there’s there’s nobody brilliant in that. There’s nobody who knows a thing about science or technology. [00:18:24][10.7]

Stuart Turley: [00:18:25] I wonder if Sam Brinkman or whatever his name is, who’s out stealing luggage. He’s now in charge of it. [00:18:31][6.7]

Michael Tanner: [00:18:32] But the issue that Steve has been researching, quote, Geoengineering methods to keep the sun raised from accelerating global warming. Oxford defines geoengineering as the deliberate, large scale energy intervention in the Earth’s natural systems to counteract climate change. Oh, my goodness. [00:18:50][18.2]

Stuart Turley: [00:18:51] Oh, yeah and then you take a look at introduction space based approaches. What are they going to do? Hire Space X to go put all of our trash out in space? It reeks this research plan focuses on improving an understanding of the potential impacts of SRM that is, solar radiation modification rather than on technologies needed for deployment. Much of this research would contribute to our ability to understand basic climate processes and effects to human greenhouse gases as well as an outcome of SRM. You know what this reeks of? [00:19:32][41.0]

Michael Tanner: [00:19:33] What? [00:19:33][0.0]

Stuart Turley: [00:19:35] Graft, corruption and a way to get money out of our taxpayer dollars. [00:19:40][4.9]

Michael Tanner: [00:19:41] You’re telling me you’re not into they talked about this in the report. One of the options was stratospheric aerosol injection. Otherwise, SIA I’m dead serious, folks. These are the same people who claim they’re environmentally friendly but now want to do stratospheric aerosol injection. I’m on board with that. Let’s let’s do that! [00:20:08][27.0]

Stuart Turley: [00:20:09] At what cost? [00:20:09][0.6]

Michael Tanner: [00:20:11] Here’s what we’ll do we’ll kill all the whales in the solar fault with with with the offshore wind. Then we’ll take the blubber and will inject it into the sky so the blubber is then blocking the sun to counteract climate change it’s a win win all around. [00:20:26][15.5]

Stuart Turley: [00:20:27] Okay. Blubber, boy. I really Spragg. Let’s see here. Dr. Patrick Moore. Okay. This is a great one. Dr. Patrick Moore released it today Co-Founder of Greenpeace discusses how oil saved the whales for the first time. His involvement was for the second time he saved the whales. And I think oil’s going to save him the third time. Third time’s the charm on this next one coming around the corner. [00:20:53][26.0]

Michael Tanner: [00:20:55] A little plug for the ENB Podcast. [00:20:57][1.6]

Stuart Turley: [00:20:58] It was a great one, and we’re releasing the first one today and it’s already out there on EnergyNewsbeat.Co. He covered global whaling baby seal clubbing and trying to save humanity from nuclear proliferation and annihilation. Unlike. He’s a cool cat. But he actually put his butt in a Zodiac and tried to save the whales, hats off to Dr. Moore. [00:21:30][32.1]

Michael Tanner: [00:21:31] Hats off to Dr. Moore. All right. What’s next? [00:21:33][1.7]

Stuart Turley: [00:21:33] All right. Yeah. You would eat the damn whales. [00:21:36][2.4]

Michael Tanner: [00:21:37] All right. Yeah. I just want to I just want to do. I just want to stratospherically inject him into the sky to save us from climate change it’s no big deal thats all I want to do. [00:21:46][8.9]

Stuart Turley: [00:21:46] You’re killing me. You’re killing me, my beloved millennial. Okay? He raised millions to turn manure into green energy. It was all a load load of cow dung. Now, this was like a Ponzi scheme you’ve never seen. It was on steroids dude. [00:22:03][16.4]

Stuart Turley: [00:22:03] Ray Brewer claimed he could turn cow manure into green energy, and he took millions of dollars from investors hoping to cash in. Federal prosecutors say it was all a bunch of, well, cow dung. When I was working with the Oklahoma School for the Deaf. Michael for our podcast listeners, I’m holding up my left arm with hook them horns and I’m showing it to the screen and then I’m holding out my right arm down below it. Michael, Can you see this? I’m doing this. That is signaling for the deaf bullcrap. Okay, so we now got to figure out one for cow crap using the school of the deaf. [00:22:43][40.0]

Stuart Turley: [00:22:43] Okay, here’s the thing. Brewer, 66, lured in investors using forged bank agreements and contracts and doctored photos that made it look as if he was building anaerobic digesters at dairy farms across California. Prosecutors said the digesters large machines that break down biodegradable material and turn it into methane were supposed to be built in farms in Fresno, Kern, Kings and Telluride countries. They were going to receive 66% of all profits, plus tax incentives from the sham the company they thought would be able to sell green energy as the renewable energy credits to other companies. [00:23:33][49.6]

Michael Tanner: [00:23:35] Well, this is the worst part, he said forged agreements making it look like he’d been approved for these loans. He sent fake pictures showing these digesters under construction. To give you guys an idea, he used most of the 8.75 million to buy a couple of plots of land, a 30 $500 square foot custom home and a few Dodge Ram pickup trucks. Kind of weird. [00:23:57][21.9]

Michael Tanner: [00:23:58] But I mean, this guy’s a complete scumbag he attempted to evade authorities by moving to by moving from California and move to Montana. Upon his arrest, he attempted to tell them they had the wrong man, was like claiming to be in the Navy. I mean, dudes, a class, a scumbag. Okay. But some investors did get their money back before the IRS caught up and the FBI caught up with them but most of that came from new unsuspecting pouring the money in so Phonzi. [00:24:32][34.6]

Stuart Turley: [00:24:34] Yeah, I want to give a shout out to Debra Wold. I absolutely love Debra Wold and Green Lily. She’s been on the podcast twice and I mean Green Lily can take Dung City waste they can do it right? They can actually do it. And they are real. People don’t have to invest in these silly things anyway. [00:24:55][21.0]

Michael Tanner: [00:24:55] No, no, no, no. And all they promise you is 66% of the profits plus tax incentives. [00:25:00][4.4]

Stuart Turley: [00:25:02] That almost sounds like some oil and gas deals that I know. [00:25:05][2.8]

Michael Tanner: [00:25:06] Don’t say that well, you got anything else? [00:25:09][2.8]

Stuart Turley: [00:25:10] No, man. Longines Goods. [00:25:13][3.0]

Michael Tanner: [00:25:14] Oh, all right. Well, let’s go ahead and and dive over into the oil and gas markets, guys. We record this year about 415 on Sunday. So prices said it closed last week, 70,45. Look to open a little bit higher, 70, 40, 64. That’s a 1.1% increase again from that Thursday to Friday rollover. [00:25:38][23.7]

Michael Tanner: [00:25:38] Prices really over the past few days have had have been bullish we do settle higher a few things really I think what’s what’s causing this. We’ve obviously got the lollipop from Saudi Arabia. But really what we’re talking about is a thought that maybe interest rates may not rise if the signs of the economy haven’t gotten better wahat they have, inflation has it necessarily improved to the level in which the administration would like it? Specifically, the Federal Reserve. [00:26:10][31.9]

Michael Tanner: [00:26:11] Things overall in the economy have shown do not necessarily be turning like they would want. So maybe there’s a it may be and this is again where, you know, you’re talking about the sentiment on the street is maybe the Federal Reserve might hold off these next two interest rate hikes or maybe they’ll push them and maybe we’ll get some relief in the short term and I think that’s the sentiment baking into what we’re seeing on these numbers. [00:26:34][22.4]

Michael Tanner: [00:26:34] Now, again, what’s going to happen moving forward next week? Only time will tell. I think the interesting part is Rig Counts we saw another week over week decline this time. I mean, eight down to 674 that’s dropped. That’s down from 70 that’s down over 76 rigs from last year. So does it matter Stu prices here. [00:26:53][18.8]

Michael Tanner: [00:26:53] And this is what’s interesting people are saying oil, $70, $70 oil should be able to make money. Not really, guys. Trust me, I sit here and crunch numbers day after day. $70 oil it. Unless you’ve got tier one acreage. Folks, I’m going to say something that’s shocking, it’s tough to find economical stuff at $70 oil it really is. I mean, especially if you have to go out and acquire some land. [00:27:17][24.0]

Michael Tanner: [00:27:18] If you have to do anything on the exploratory side, you’re in trouble you better have tier one acres that you can just squat in six well bores. But that’s hard to come by that’s expensive. And now throw in a you know, a, you know, a 10,000 foot The Permian Basin laterals Stu going to run you 12 million bucks, 12 million! Add in the you know, I mean, now you’re talking about just the numbers can as you said, the numbers can get a little bit incredible. So I think you’re going to consistently see rigs continue to be on the downswing here I wouldn’t be shocked if we drop another 30 to 40 rigs if we see prices hang out where they are. [00:27:57][39.2]

Michael Tanner: [00:27:58] The EIA dropped a really interesting analysis in there, kind of what I would call there this week in Petroleum it dropped June 26th. They talked mainly a little bit about inventory levels and well, and a lot of what’s going on is we’re really below our five year averages, which doesn’t necessarily bode well going into the summer specifically for pricing so that could be interesting to see what happens in the now on the gasoline front so we will be watching that. [00:28:26][27.5]

Michael Tanner: [00:28:26] Otherwise fairly quiet weekend on on on the oil and gas fronts Stu I know we’ve seen a few. You know, we’ve seen a few MNAs We haven’t quite seen anything in the past two weeks. We’re definitely we’re definitely on the lookout but quarter, quarter three earnings are going to start or excuse me, quarter two earnings are going to start here in the next couple of weeks. And this is your best place to stay up to speed on those. So we will keep you updated as we move into next week’s Do what do what do you have as advice for people? What should they be looking at? What should they be thinking about? [00:28:59][32.9]

Stuart Turley: [00:29:01] Do not smoke a firecracker. [00:29:02][1.3]

Michael Tanner: [00:29:04] Okay. On July 4th don’t do that. Is Tuesday the worst day to have July 4th? Absolutely! Because most people this is most people have to work tomorrow. [00:29:13][9.1]

Stuart Turley: [00:29:16] Uhmmm…. [00:29:16][0.0]

Michael Tanner: [00:29:16] Most people do. [00:29:17][0.6]

Stuart Turley: [00:29:18] I kind of like it because all the years that I’ve had my lake house, all the locals stay away from the lake on the forest because all the people that don’t know how to turn a boat ski the the, the, all the, the morons find the lake and all the locals go away so I like the 4th on Tuesday. [00:29:44][26.7]

Michael Tanner: [00:29:46] Okay? I like it because it keeps it keeps it keeps your lake good. Well, guys, we hope you have a great 4th of July weekend we’re going to be here. We’re going to be here Monday we’re going to be here Tuesday guys, we ain’t going anywhere we work for you, the people. So tune in to the Energy News Beat every week this week guys, we’re going to let you get out of here, though. Start your week for Stuart Turley and Michael Tanner guys, we’ll see you tomorrow. Folks, keep on grinding. [00:29:46][0.0]


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