Daily Standup Top Stories
Germany begins dismantling wind farm for coal – after the protests to close coal mine
German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the western region of North Rhine Westphalia. One wind turbine has […]
German electricity imports hit new record as nuclear phase-out increases production cost
Germany is importing more electricity than ever before after purchasing a record 6,505 gigawatt hours from abroad in August, according to the Federal Network Agency. The federal government has replaced much of the electricity produced […]
New study suggests global warming could be mostly an urban problem – data matters, and who reads the data.
A new study published in the scientific peer-reviewed journal, Climate, by 37 researchers from 18 countries suggests that current estimates of global warming are contaminated by urban warming biases. The study also suggests that the […]
African Climate Summit: An opportunity to decolonise Africa’s energy
African and international leaders will attend the African Climate Summit from September 4 to 6 in Nairobi, Kenya. They will deliberate on Africa’s unified position on the climate crisis ahead of COP28, the global climate […]
3 Podcasters Walk Into A Bar on the Washington Journal C-Span show with Mimi Geerges
Washington Journal -Today| Stu Turley, David Blackmon, and Rey Trevino III on their energy policy podcast “Three Podcasters Walk Into A Bar” and criticism of the Biden administration’s policies.
Highlights of the Podcast
00:00 – Intro
03:08 – Germany begins dismantling wind farm for coal after the protest to close coal mine
04:43 – German electricity imports hit new record as nuclear phaseout increases production cost
07:09 – New study suggests global warming could be mostly an urban problem – data matters, and who reads the data.
12:03 – The African Climate Summit, an opportunity to decolonize Africa’s energy
15:49 – 3 Podcasters Walk Into A Bar on the Washington Journal C-Span show with Mimi Geerges
18:26 – Michael Tanner – Top 6 Hilarious Tweets from C-SPAN Segement
21:09 – Markets Updates
22:00 – Saudi Aramco is considering selling off as much as 50 billion in shares
23:59 – Outro
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– Get in Contact With The Show –
Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Michael Tanner: [00:00:14] What is going on. Everybody, welcome into another edition of the Daily Energy News Beat Standup here on this gorgeous Tuesday, September 5th, 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? [00:00:36][21.6]
Stuart Turley: [00:00:36] Hey, it’s me of their neighborhood. I hope everybody had a fantastic Labor Day. [00:00:40][3.9]
Michael Tanner: [00:00:41] Absolutely Nice little three day weekend. But we are back in action. Stu, packed menu. We’re going to start out in Germany. Germany begins dismantling wind farm for coal even after protests to close the coal mine. So Germany making coal great again. We’re going to stay there and talk about German electrical imports hit new record as nuclear phaseout increases production cost. I mean it’s it’s it’s pretty disastrous what’s going over in Germany right now. I will just say that next stop, we got to love this new study suggest global warming could be mostly an urban problem. Data matters. And who reads the data is the questions as you will cover what’s going on in the world of global warming. Next up, African Climate Summit, an opportunity to decolonize Africa’s energy. I mean, it’s Africa for years has been the, you know, the the test tube. Everyone wants to go in there, extract resources and leave nothing behind. They’re going to do the exact same thing in the name of climate. So it’s going to be very interesting to see what’s going on there. They’re holding a summit starting today through the sixth in Nairobi, will cover what’s going on there. We have a little fun segment that will cover in the middle. Before we kick it over to finance, I’ll quickly cover what happened. Oil prices actually opened yesterday. We saw futures did rise a little bit. We’re sitting at 85, 82 folks as we record this year early actually on Monday. So great, great day for the markets at then Aramco’s looking to float $50 billion of their Saudi Aramco of their stock. That would be the largest and record offering eclipsing their own record. So you and I will cover what that means for the financial markets and then we’ll let everybody get out of here and start their short week guys. But before we do all of that again, check us out online world’s greatest website energynewsbeat.com. It’s where all the analysis comes from. It’s where all of the stories come from. You can check out the description below to get links to all the articles that we are about to cover on timestamps. Since you want to jump ahead and see what’s going on in Africa, jump ahead, see what’s going on. A rainbow. You can do that now. We can also interact with the show in the description below. We have a form you can fill out. Send us any questions. We love feedback. You can also email the show questions@EnergyNewsBeat.com. Check us out Dashboard@EnergyNewsBeat.com. That’s our data news combo. Hard at work at V2 folks we really appreciate you guys checking us out there. You know just just hard at work folks you can subscribe to us Apple podcast follow us on YouTube at EnergyNewsbeat We’re also on Spotify, where you get your podcast. Check us out. We appreciate the support. I’m out of breath. Those two. Where do we want to begin? [00:03:02][141.9]
Stuart Turley: [00:03:03] Let’s start with our favorite country. Next to our country is California. Germany begins dismantling wind farm for coal after the protest to close coal mine. This is the same coal mine that the wind farm in Germany is right next to one of their biggest coal mine. They shut the coal mine down in order to make sure they started growing it. Now we’ve had a complete blip and they’re having to dismantle the coal, the wind farms, so they can dig up the coal underneath it. The energy giant RWE is dismantling the port. It’s on the North Rhine-Westphalia. It’s already been dismantled and a further seven are scheduled to remove to excavate an additional 15 to 20 million tons of brown coal. Brown is not really good, no matter if it’s in Biden’s pants or if you’re trying to burn it. [00:03:59][55.8]
Michael Tanner: [00:03:59] So what I don’t get is that in return, REW has agreed to phase out all coal by 2030 8 years before the previous deadline. So they’re trying to spin this as a win. It’s IR Guy of the week right here. Oh, right. Oh, we’re getting coal out sooner by bringing coal in. I love it. It’s going by accelerating money out of our bank account. I love that. As somebody who looks at finances all day, I would love for that to be the case. [00:04:25][26.2]
Stuart Turley: [00:04:26] Oh, absolutely. But here’s the problem. Germany has lost GDP. [00:04:29][3.6]
Michael Tanner: [00:04:30] For pointing out. [00:04:30][0.4]
Stuart Turley: [00:04:31] Their high cost of energy. Everybody bailing out of Germany. Let’s go to the next story, Michael, because this one gets just as it is just as nutty as it can be. German electricity imports hit new record as nuclear phaseout increases production cost. Holy smokes. There’s a couple big nuggets in this bad. Germany is importing more electricity than ever before after purchasing a record 6505 gigawatt hours from abroad in August. That’s not typically occur through the. Construction of transmission lines or undersea cables that connect power grids across national borders. That includes nuclear you heard from. [00:05:19][48.2]
Michael Tanner: [00:05:20] I mean, importing electricity is more expensive than importing the raw commodities that allow you to get energy, whether you’re going to import natural gas, whether you import crude oil, or even if you, you know, hydro, wind or solar. Buying electricity is the most expensive form of buying energy. Which is why they’re getting screwed. [00:05:39][19.1]
Stuart Turley: [00:05:40] They are. And I want to I want to apologize to him for butchering his name, my ear. But again, that’s in the. [00:05:48][8.2]
Michael Tanner: [00:05:49] Your audience how you pronounce it, because it’s a you with the double things on. I don’t know. Everyone should speak English. Just go ahead. [00:05:54][5.6]
Stuart Turley: [00:05:55] Oh, no. Or Hungarian. I don’t care. These are often expen. More expensive renewables than nuclear power abroad. He says it would be cheaper if we did it ourselves. [00:06:05][9.8]
Michael Tanner: [00:06:06] But you’re telling me buying the end product is more expensive than doing the labor yourself and buying the raw materials? That’s fascinating. [00:06:14][7.9]
Stuart Turley: [00:06:15] To do. [00:06:15][0.1]
Michael Tanner: [00:06:15] And so many idiots over there. Germany’s falling apart. [00:06:18][2.6]
Stuart Turley: [00:06:19] Germany, Germany’s all apart. But we are seeing is the whole energy plan that Germany was the poster child for. Now, that poster child is now on a milk carton and is missing in action because they do not have it. And then you have that poster child has then been moved over in the milk carton, has gone all the way over the pond to California. Oh, my God. We just had a new study come out from our podcast host organization who’s our number one state, listening to. [00:06:49][29.9]
Michael Tanner: [00:06:49] California Governor Newsom. I’ve heard it’s mandatory listening now in the Newsom administration. You got every man wake up, listen the podcast, get the news and go. [00:06:59][9.5]
Stuart Turley: [00:06:59] And find out what to do, all of us. So not only is Putin listening to us, Newsom’s listening, Putin and Newsom, hey, that’s a heck of a ticket right there. Okay, let’s go to the next one. New study suggests global warming could mostly be an urban problem. Data matters. And who does? Who reads the data? Now, whoever wrote that title’s got to be a chowder head, because. All right. [00:07:22][23.2]
Michael Tanner: [00:07:23] That seems like a stew modified title, I’ll tell you that much. That seems like a stew modified by to me. [00:07:29][5.8]
Stuart Turley: [00:07:30] All right. So when we take a look, it’s well known that the cities are warmer around the countryside, Right? A lot of cement, a lot of hot air, a lot of politicians. Well, urban areas are only account for less than 4% of the global land surface. Many of the weather stations used for calculating global temperatures are located in those urban areas. So here we are. And that was some of the other articles we were going to do today is that climate crisis and climate fear is generated by where the sensors are located at. Oh, that’s why it’s an urban problem. I thought that was pretty interesting. You sit back and kind of go, Oh, well, if you put your meters in the middle of the field where there’s nothing bothering it, that’s a different than being in the middle of downtown Dallas. And you’re getting barbequed by all the extra heat waves, right? [00:08:27][57.8]
Michael Tanner: [00:08:28] Goodness me. Kill me. Kill me. Same thing with. Okay. [00:08:33][4.8]
Stuart Turley: [00:08:34] It’s the same thing with the arson. All the arson you had Greece had 76 arsons that were arsonists that were and you. [00:08:41][7.1]
Michael Tanner: [00:08:41] Had I boom, the arson story. So you had to get that in there? I had to. [00:08:45][3.8]
Stuart Turley: [00:08:45] Get it in there because it went along with this story. And then there were all of the arsons and arsonists in Louisiana and then in Canada. They’re having all of them. And who knows what’s going on even now, because I have no I. [00:08:59][13.9]
Michael Tanner: [00:08:59] Here’s my thing with how much money did this study cost? Do we think we have any idea how much this study costs? [00:09:05][5.7]
Stuart Turley: [00:09:06] Stu?l no idea. But I think we need to open up a new division. Yeah. [00:09:10][3.7]
Michael Tanner: [00:09:10] So, I mean, you’re talking this this was dropped on July 19th, 2023. Published August 28th, 2023. You’ve got 1923 authors on this thing. You write 30 or was it 37 researchers? 18 countries did tell me that where more people are, it’s going to be hotter. That’s what they came to the conclusion to me. And you could have done that for half the cost. I’m going to push back a little bit, but say I’m. [00:09:36][26.1]
Stuart Turley: [00:09:36] Going to say 10%. [00:09:37][0.4]
Michael Tanner: [00:09:37] This is this is why nobody likes the academic community, because they spend millions of dollars for a study to show. Of course, New York’s going to be have the cause of more climate. But the problem is it’s the people there think that it’s not the I mean, I get what you’re saying, urban density. But of course, we’re going what I’m saying is I just you know, you want to talk about why weren’t 9,000,000,000,000 billion debt. Studies like this. Exactly. Now, hopefully the U.S. government didn’t fund any of this. Oh, yeah. [00:10:07][29.3]
Stuart Turley: [00:10:07] We probably the only way the U.S. government. Would have funded this is if there was gain of function research in it, then we would have funded it. [00:10:14][6.8]
Michael Tanner: [00:10:14] We would have done it. So, hey, I’m all for, you know, let’s keep doing this. I’m all for basically. I mean, if you’ve actually read the IPCC, you know, climate change report for you guys or poor people who don’t know the Intergovernmental Panel on Climate Change, the IPCC puts out yearly reports it’s a UN governing body. And if you’ve actually read the actual report, you would be much less bullish on climate change or global warming. They’re very what they actually say in the report is fairly moderate. What people in government do is, you know, it’s like telephone. You tell one person, you know, you don’t read the thing, one person tells one person and the next, by the time it gets to the politician, it’s seven degrees from Kevin Bacon. I mean, it’s all over the place in terms of what people I mean, we’ve seen, you know, we’re all going to die in ten years. That’s not really what it says. So I’m all for studies coming out and saying, oh, you know, even the IPCC could be overestimating what’s going on. But two other quotes. Your critics spend our dollars funding something else other than, yeah, I’m pretty sure climate change comes from places where people are okay. [00:11:15][60.9]
Stuart Turley: [00:11:16] Yeah. This name I can pronounce Dr. Willy soon. Center for the Environmental Research for Earth and Sciences. For many years that general public has been assuming that there is that science on climate change is settled. This new study shows that that’s not the case. I could even pronounce his name, so I. [00:11:34][17.2]
Michael Tanner: [00:11:34] Guess you’re right. Maybe that’s worth the $10 million we spent on this study. [00:11:37][3.4]
Stuart Turley: [00:11:38] But who’s going to read that one line and then who’s going to read the other line in there that I picked up on saying how? It’s because we’re taking all the sensors and dropping them into cities in order to say it’s climate change. I’m with you. And then you have the arsonists that are burning down the place. All right, So let’s go on. [00:11:53][15.7]
Michael Tanner: [00:11:54] They got to get the arson is in there. [00:11:55][1.0]
Stuart Turley: [00:11:55] And I keep bringing that one up. Okay, here we go. Now, let’s talk about climate crisis and everything else. The African Climate Summit, an opportunity to decolonize Africa’s energy. I love the title, love the premise. Let’s put Africa first. Let’s quit taking all of their resources. [00:12:14][19.1]
Michael Tanner: [00:12:15] Pillaging the. [00:12:16][0.7]
Stuart Turley: [00:12:16] West. [00:12:16][0.0]
Michael Tanner: [00:12:17] It’s been pillaged. [00:12:17][0.4]
Stuart Turley: [00:12:18] I it bothers me. So anyway, there are some things in this article. If you take a look, the Africans, several civil society organizations sent letters to the CEOs of BP, Chevron, Exxon, Shell, warning that these companies against investing in the drilling activities of the Renaissance Energy Africa, Recon Africa in the Congo Basin in Nambia and Botswana. [00:12:43][25.4]
Michael Tanner: [00:12:44] We are so so first off, this climate summit is happening September 4th through the sixth. So finishing up tomorrow, as you guys listen to this, it’s in Nairobi, Kenya. Be there. Really? This is a how do we slow down the oil and gas activity in Africa ahead of COP 28 and that really what they’re I mean this is not how do we promote the lowest cost energy in Africa. It’s how do we slip renewables it. [00:13:09][24.9]
Stuart Turley: [00:13:10] But let’s give them the lowest kilowatt per hour per every human out there with the least amount of energy impact on the environment and make it sustainable through low cost economic support. And the World Economic Forum does not give that to them. It charges through the nose China as brics and roads charges through the nose. And then you you own your next 15 generations to Brazil and they nobody is treating Africa with respect. [00:13:41][31.1]
Michael Tanner: [00:13:42] So yes no and and I respect what they’re attempting to do here is to strip these is keep the resources and keep the control of the resources, at least with the African companies, and not have exactly what is happening. Large companies like BP, Exxon, Chevron and I total come in and go ahead, come in, and. [00:14:03][21.3]
Stuart Turley: [00:14:03] I don’t have a problem. Sorry. Sorry. I just get excited. I did the same thing with Dave Blackmon the other day. I cut him off when Mimi was interviewing and I’m like, God, I have to apologize to him. I got it by mistake throwing the club. You know something? Because it was embarrassing. [00:14:15][11.6]
Michael Tanner: [00:14:16] See, I’m all for making sure that Africa is in control of its resources and not contracting it out and completely outsourcing not not just the resource itself, which they should be sending, the resource they should be exporting. They should be using the resources themselves, but making sure that the the riches stay within the country. And it’s not these and it’s not what it has been for 50 years of just basically pillage, take out and none of the and none of the gains and and upside from those resources stay at home. That’s my only concern with all of this. [00:14:44][28.5]
Stuart Turley: [00:14:45] Right. And I agree and I just we need to deliver the lowest kilowatt per hour to all citizens in the world and let Africa control their own natural resources and reap the benefit, but yet have a partnership with the big oil companies and the big energy companies. There’s nothing wrong with making a profit. Gouging and extorting is not acceptable. [00:15:09][24.1]
Michael Tanner: [00:15:10] I love this little nugget they put in here. COP 28 President Sultan Al-Jubeir will also be in attendance. He just also happens to be the CEO of the Abu Dhabi and National Oil Company. So you got to love the conflict of interest. 28 is going to be wild, baby. [00:15:26][15.8]
Stuart Turley: [00:15:26] Oh, it is. And I got some folks that are going to be there and we’re going to get you there talking to Greg. [00:15:31][4.9]
Michael Tanner: [00:15:32] Got to get you there. [00:15:32][0.6]
Stuart Turley: [00:15:33] And I’m. Yes, I would I would not want to dream about doing it, but I’ll speak my mind. The last time I spoke to Bill Gates, I really pissed him off. [00:15:41][8.4]
Michael Tanner: [00:15:42] So you’ve told me that story. All right, well, before we move on to finance, guys, we’ve got a great little segment here. We got a review. So Stu is part of the wonderful podcast Three part. He’s the He’s on nine podcast. So one of the seven things that Stu does, three podcasters in a bar sponsored and hosted by Sandstone Media, we love those folks. You guys got an opportunity to go on C-SPAN. So there’s about 80 people that saw it, which was sweet of you. A few more than watch this. Just a few more than watch this podcast. It was a it was a pretty good segment. How did they find you? Because you we need to walk through the story. How does Stuart Turley end up on C-SPAN? [00:16:20][38.9]
Stuart Turley: [00:16:22] You know, I don’t know that whole thing. It was a bit of a party reached out. [00:16:27][5.3]
Michael Tanner: [00:16:27] It was pretty. Yeah. [00:16:28][1.1]
Stuart Turley: [00:16:29] But they had contacted him about the three podcasters. Now, the three podcasters walked into a bar, RT Trevino and David Blackman. [00:16:38][8.4]
Michael Tanner: [00:16:38] David Blackman is our favorite random guy on Substack. [00:16:41][2.7]
Stuart Turley: [00:16:42] He’s a random guy on Substack He is the now I’m the straight man. And then Artie is the MP operator. So what a mix. And we are having a blast. And so they brought us on to this segment for C-SPAN. Mimi is the host there and she’s phenomenal love. I love her. She did a great job. We had callers come calling in. It was a 30 minute about David Blackman got to answer questions because his knowledge he had many asked David about his on Forbes fantastic ask Artie about his stuff as an EMV operator. It was phenomenal. And anyway, I got some feedback. I want to hear your feedback. [00:17:25][43.3]
Michael Tanner: [00:17:26] Well, first it was cool to see like, like a straight up news program on TV. Just do 30 minutes uninterrupted. It’s pretty crazy. You call in, but you call in by party affiliation and that Great. So there’s like three lines. There’s the Republican, the Democrat and the independent line. Then there’s a text line I tried to call and text. I didn’t get in. They answered the phone. I told them my name. They hung up on me. So I don’t know if they I don’t know what they heard or not. But it was it was pretty cool. You guys look good. You actually look good on TV. But it was you guys mainly talk to us energy policy, energy hypocrisy. It was really an opportunity to showcase to three of your guys this expertise. I’m saying, quote, In the energy industry, get to what we got to do, Stu, is cover. I mean, some of the tweets that came out of this are absolutely hilarious. I tell you, the Internet is always undefeated. I called Stu. Yes. Shares. I was reading these. We were crying on the phone. So we’ve got it. We got we got the top six tweets from Stu C-SPAN segment. We’ll start 6 to 1. Okay. First up here, this is my this is just number six. What a waste of a segment. These guys are horrible. Ben Hayes, I agree. These guys are horrible. Number five, I love this one. First part, I’ve never heard of any of these podcasters. You haven’t heard it goes on, I bet. Tim Saga and I love breaking points, which is the saga and Krystal love those guys. I don’t get the rest of it, but I just love I’ve never heard of any of these podcasters you’ve have on Hey Time Zone Me either by the way, and this is great. This is Stu was talking and all of a sudden Mary Lou comes in Now the one right winger is talking her brings up the border, of course, like who’s got to salute the border Indian. [00:19:04][97.8]
Stuart Turley: [00:19:04] And that was a good because the caller called in and said China is going to take down the grid. And I responded And there’s a list. [00:19:11][7.2]
Michael Tanner: [00:19:12] Of course, you got to bring up the border, not getting guy number three pick you watch you to journal moderator a group were providing the show this morning. Your last segment should have been called three podcasters walked into a bar and they were misleading, biased and unchallenged by a fact checker. Do better in the future. MLB Stu is misleading. He misleads me all the time. Is getting number two. This is a play on the title. This is what we got here. These are these top two are what we should rename the I, but you got to rename the podcast to three old guys in the oil industry. Walk into a bar and run up a tab. A great time was had and they leave at the end of the night without paying the bill. Oh, Deon and Deon Cain, 64. I absolutely agree. Shout out on it. Why pay their bill? It’s mighty large. It’s the Internet. [00:20:03][50.8]
Stuart Turley: [00:20:03] It’s by now. Makes you go to the Biden nomics. [00:20:05][1.9]
Michael Tanner: [00:20:06] Exactly, Don. Blame Biden comic. Next up, the winner is Deb. In this one. I’m still crying over this one. Is there somewhere I can go? Maybe The Wizard of Oz to get my thought leader license, certificate, medal, or whatever designates the official thought leader credentials? Question Mark. Quite possibly. Oh, my goodness. You just got to follow the yellow brick road, Deb, And you at the end of it, you see Stu standing there pulling the strings. Oh, I was dying. [00:20:37][31.2]
Stuart Turley: [00:20:37] Fabulous. But, you know, I want to give a shout out to Mamie. She does a fabulous job out on C-SPAN, and I was very impressed. [00:20:46][8.3]
Michael Tanner: [00:20:47] New nickname is Oz. That name is Oz. [00:20:49][2.3]
Stuart Turley: [00:20:50] My new nickname is Instead of NFA. It’s my new nickname is Half Oz. [00:20:55][4.8]
Michael Tanner: [00:20:57] Oh, sorry. So funny. The Internet folks, is always is undefeated. You can check that out. Washington Journal. Go to our YouTube channel at Energy News Beat. We’re going to have all the clips available. We appreciate everybody checking us out. All right. Let’s move over to the finance now, guys. It’s real quick. We actually saw markets open on Monday, currently trading 8591. It’s going to be fairly flat today. Not much happened, but we could see we could see a roll over to 86. As you guys listen to this on Tuesday API, an EIA or push back one day. So we’ll see those that data on Wednesday and Thursday. I thought it was interesting Stew there’s a couple of things going to happen. You know there’s hope growing that the Fed’s going to leave interest rates unchanged. China has things have settled out a little bit. So I think we’re back to a little bit of a bullishness on oil, but somebody sees an opportunity to capitalize on what could be a growing demand for energy in the investment space. Saudi Aramco, they’re looking to break a record with a $50 billion share offering. [00:21:54][56.7]
Stuart Turley: [00:21:55] Wow. [00:21:55][0.0]
Michael Tanner: [00:21:56] So the read the headline, according to Saudi officials and quote, other people familiar with the plan, Saudi Aramco is considering selling off as much as 50 billion in shares that the kingdom goes through would be the largest shale sale in history is going to be hosted on the right exchange. Remember, they’ve already done a $25.6 billion share offering and that was done on their own exchanges while they initially attempted to look to see if they could host it somewhere in London on the London Stock Exchange or even the vaunted New York Stock Exchange. But a little thing like 911 got in the way of that. So they’re back now hosting it themselves. It would be, again, the largest in history, still $50 billion. And that was only 1.5% of Aramco at the time. So this this you know, NBC says, remember, promise to sell up to 5%. So it’ll be interesting to see exactly what ends up being cut and what is ends up being sold by NBC. So it’s going to be it’s going to be interesting in terms of of of how much going to be interesting to see who comes in actually purchases these shares still, because right now it’s a mixed form. You know, it’s a mixture of foreign it’s a mix of the Saudi investment fund. You have to remember the Saudi public investments one just posted $126 billion in profit, which is absolutely insane considering that now the Saudi Aramco government is going to sell off the people who are flush with cash do they’re lining up to do something. [00:23:20][84.6]
Stuart Turley: [00:23:21] I couldn’t agree more. And not only are they looking at things like we don’t they are smarter than the U.S. in many ways. [00:23:30][8.5]
Michael Tanner: [00:23:30] They’re smarter than me and you, that’s for sure. [00:23:32][1.4]
Stuart Turley: [00:23:32] I would invest in Saudi Aramco’s new fund rather than buying T-bills. So there is no way that I’d buy a T-bill. [00:23:38][5.7]
Michael Tanner: [00:23:38] Yeah, I mean, if Saudi Aramco wants to sponsor the show, it’s real cheap. Ten month guys, come on in. Well, we’ll promote you to the high heavens. [00:23:45][6.5]
Stuart Turley: [00:23:45] When? Trillion a month. What do you say? I say I’ll go for 10 billion. [00:23:48][3.1]
Michael Tanner: [00:23:49] 10 billion a month. I like it. Well, you can hit us up. Questions@EnergyNewbeat.com to submit your proposal and how much you want to spend on it. Said we’d really appreciated anything else. Do. What should people be worried about this week? [00:24:00][11.1]
Stuart Turley: [00:24:00] They want to just buckle down, hug your family, and know that I think everything’s going to be okay. [00:24:06][5.8]
Michael Tanner: [00:24:07] Well, that’s heartening, actually. That makes me feel good. So we love it. Guys. We hope you had a great Labor Day. Nice little short week. I’m probably going to be off Wednesday, unfortunately, or excuse me, Thursday, I’m going to be moving. So you’re probably just going to get, unfortunately, a solo show by Stu. But we will be back in full force next week. Stu’s got a great podcast out right now with Dr. Patrick Moore, former co-founder of Greenpeace. Yes, you can check that out on our YouTube channel. We love Dr. Patrick Moore. We appreciate everybody who’s watched the Doomberg. Go check that out. If you haven’t again, energy news beat on YouTube. Subscribe. If I was a 16 year old podcaster, I’d be slamming my fist and say, Smash that like button. But I won’t. I will refrain from doing that. But again, guys, for Stuart Turley, I’m Michael Tanner. We’ll see you tomorrow, folks. [00:24:07][0.0][1385.2]
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