Daily Energy Standup Episode #310 – Weekly Recap: The Energy Debate: Solar Expansion, Oil Well Shutdowns, and Renewable Transitions

Stuart Turley: [00:00:14] Hello, everybody. Welcome to the Energy News Beat podcast. My name’s Stu Turley president of the sandstone Group. This was an absolutely crazy week. Michael and I had a lot of fun on Wednesday. I mean, it was nutty, around here with stories. We also released some of, the podcast from, Nate. I mean, we had, Rachel Collins and we had, also, Matt Shoemaker. He’s the one that’s, challenging, AOC and, everything else. We also had, a couple others, that went out. We’ve got 32 between David Blackmon, myself and Artie Trevino, and also working and getting Chris Wright from, injured, Liberty, energy and doom burg on one podcast we’re going to look at to record here real quick. So, with that, buckle up and enjoy the Saturday the 17th. Have an absolutely wonderful weekend. Buckle up in. The staff is putting together the big stories of the week. Have a great day. We will see you guys soon. [00:01:24][70.3]

Stuart Turley: [00:01:26] Hey, let’s start with our buddy over there Biden. Biden will earmark millions of acres of public land for solar development. You know, we’re Michael, where did the ESG, where did the environment, social and governance disappear to? Because now it’s okay to wipe out millions of acres for this? Under the new guidance, the BLM, the Bureau of Land Management, not the other BLM, will earmark barren pockets of land across the West for potential solar development. 22 million acres is accepting bolt comments. I got one bolt comment from the farmers in a truck in dropping it on their bulk comment. Say this is despicable. [00:02:16][50.7]

Michael Tanner: [00:02:17] Yeah, I think if you if if Miss Producer can come up and throw this picture up, it’s it’s a screenshot of the western half of the United States you can see everywhere highlighted in green is the is is part of that 22 million acres that we’re talking about. You see some of the other color. I mean, you’re basically talking about all of Nevada between what the red and green is, you’re basically talking about the entire western half of Arizona, lots of New Mexico. There’s even some in Colorado, which we’ll get to in a bit. Wyoming is going to have a look. I mean, basically you’re you’re you’re taking off huge swaths of all of these different speeds. And for how much power generation, you’re not gonna be able to power even the entire West Coast with that. [00:03:00][42.5]

Stuart Turley: [00:03:00] And it’s the grid take away, Michael. It’s a storage. We’re talking a bow doggo. I mean, this is like a horrific mess that is not properly even thought. [00:03:14][13.3]

Michael Tanner: [00:03:14] And and what I want to know is and this article doesn’t do a good job of saying this, how did they come to the determination where they’re going to put this? My hope is they’re starting with places where nobody lives anyway, because the worst part is, if you’re now if all of a sudden you’re going to start having to do eminent domain and things of that sort to take away people’s land, to do this, it’s going to get absolutely crazy out there. So I’m hopeful that there will at least going to and this 22 million acres is hopefully either already federally owned or they’re not coming in. And like wiping out people’s, you know, land. But they will. [00:03:48][34.3]

Stuart Turley: [00:03:49] It doesn’t matter if it’s federally owned or not. Here’s the thing. I have rappelled into the Grand Canyon. I have hike 30 miles down. I have a hunger for these things. I’m a big outdoor fan. I want to be out there. You throw in what we did, the West Texas, with those $3.5 billion worth of, damage coming across to the Plains. You start putting it in the beautiful mountains out there, that beautiful desert, you’re going to kill animals and wildlife, and you’re going to even do even more. Where’s the Sahara Club? Where is Greenpeace? Where are all these ecological folks that are supposed to be upset about, taking care of Mother Earth? Where are they? This is despicable. [00:04:34][45.2]

Michael Tanner: [00:04:35] Sorry. Yeah. I mean, it’s going to be it’s going to be extremely interesting. And, I mean, I think this last part is hilarious. So they’ve identified 22 million acres, but then what? They’re claiming the BLM in partnership with Israel, which is a, another Colorado based energy laboratory. I’ve done some good work. They do good work. But this stat absolutely blows my mind. They’re claiming that only 700,000 acres of that 8 to 55 million guidance, where that 22 million is the center of acres is available for solar products will need to be developed. The Biden targets administration of meaning reaching 100%. Carbon free energy sector by 2030. That. Why would you earmark 50? So the what do they. Why do you need 55 million that if you only need 700,000 acres for the development of 100% clean electric grid by 2030? Why are you earmarking 22 million? So that tells me one of two things. They just want the land. It’s a massive land grab and a take. Or they’re just lying about this study. One of the two looks to be right. Both. It’s probably, of course, of its not a power. If you read the next sentence, it’s only enough to power 515,000 homes. Oh, sweet. So not even everybody in Dallas know. [00:05:48][73.1]

Stuart Turley: [00:05:49] This is a land grab, is what it is. You identified it correctly. [00:05:53][3.4]

Michael Tanner: [00:05:54] Sometimes a blind mice fried cheese. Once in a while. [00:05:56][2.1]

Stuart Turley: [00:05:56] It’s going to Colorado. Colorado legislators push bill to end oil well drilling. By 2030. The industry is preparing for its biggest political fight yet in the state. Michael, I don’t know how to even start with this one. I love Colorado, both my kids were born there. Absolutely love the state. Everybody fleeing from Colorado, from California, had destroyed the sanity in that state. Well, let’s go through some of this. You and I, we’re able to help PDC really, get their first, Wells drill with, some of your outstanding. [00:06:37][40.8]

Michael Tanner: [00:06:38] Boards, post SB 181, growing. We were we be of been continuing to become more ferocity to oil and gas. I mean and basically what they’ve done now is they’ve gone ahead and they’ve, you know, submitted articles to, to to be put on the ballot to stop oil and gas drilling by 2030. Basically, they’re going to be revoking the and they’re going to do this by revoking the ability to permit new wells. This draft language, according to Denver Business Journal, has been discussed with both leaders on the environmental side and, within the state legislator. And we expect to see a bill submitted within the next month or so. According to the draft of the bill that was seen by the Denver Business Journal, it would basically tell the Colorado Energy and Carbon Management Commission, that state agency that regulates oil and and well production used to be the SEC. They’ve now shifted it up a little bit because they got a role in carbon management. Absolutely crazy. They’re basically going to tell them to stop issuing new permits, for wells by January 1st, 2030. That basically. So it’s a little bit of a cat and mouse game. You would still be able to permit wells in that six year time frame, but you would have to drill them by 2033 or risk that permit expiring. So are they shutting it down completely? No. So what this really is, is absolutely is just a, I carrot stick for, for all of the environmentalists out there that are that are again, giving their money, you look at where the money’s coming from, what’s as you said, everybody from California has come in and just ruined what used to be the greatest state in America, in my opinion. I’m, I so, I, I, you know. Yeah, absolutely. [00:08:22][103.8]

Stuart Turley: [00:08:23] Yeah. Now, here’s the thing. There’s 48,000 active wells in 57, 50,000 inactive plugged wells. The wells are on track to produce 165 million barrels of oil and much larger amounts of natural gas. If the citizens of Colorado would like to be turned into New York or California, vote for this. If you want your kilowatt per hour to go to 2 or 3 times. If you want to pay $4,000 a month for your electric bill, knock yourself out. When you move to Texas, leave. You’re voting there in Colorado like the, locust destroying fields and then moving on. [00:09:17][54.1]

Michael Tanner: [00:09:18] Yeah. And I mean, it’s Colorado is sneakily the fourth largest crude oil producer in the United States. You wouldn’t guess that, really. You know, you’ve got your Texas, your Oklahoma’s, your New Mexico’s, your blah, blah, blah. They’re above Oklahoma. We produce more you know, you talk about it goes Texas, North Dakota, New Mexico. [00:09:34][16.4]

Stuart Turley: [00:09:35] Colorado. Not for long. I could be doing it for. [00:09:37][2.4]

Michael Tanner: [00:09:37] Long, but. [00:09:38][0.4]

Stuart Turley: [00:09:38] No, it could be doing a lot more in the sand part is the oil and gas companies in Colorado are outstanding eco friendly folks. They love the mountains just as much as everybody else. And it’s about physics and they just don’t want to hear it. Yeah. Anyway, this story just makes me sad. I’m going to go curl up in the corner. New York State proposes a rapid act and other bill to aid and transition from renewable energy. And. Away from natural gas. Governor, Kathy Hochul is entertainment at its finest. The executive budget proposal the transportation, economic development and environmental conservation budget includes two PivotTable, energy proposals, the renewable action, through Project Interconnection and the Deployment Act and the Affordable Gas Transit Transition Act. The AG to the Affordable Gas Transition Act is, looking to ban natural gas and go to all renewables, specifically the eight G AG to would include the achievement of the state’s clean CPA goal within the state’s gas, electric and, steam service policy to eliminate the 100 foot rule, ending the practice of having utilities fund new gas hookups out of its rate base, rather than charging the individual customer, and revisit the obligation to serve customers who seek new gas, hookups. This is just amazing. They are stepping in to eliminating the lowest cost, energy with the lowest impact on the environment and removing this from a choice from consumers. They could be saving so much money and having a better impact on the environment. Governor Hochul, if you and or anyone out of, your government or your administration would like to come on the podcast, I would love to visit with you in any of your representatives and your and your get the details of what you’re thinking about this as I’m not sure that the thought process of actual CO2 output, how much it’s going to save versus how much it’s going to cost the tank taxpayers, and this is going to bankrupt New York. I love New York State, but it just seems like, bad management is going on here. And I love to have you on the podcast and, visit with you. [00:12:30][172.1]

Stuart Turley: [00:12:31] Let’s take a look here at Fervo Energy Drilling as a results show rapid advancement of geothermal performance. This is pretty cool. Fervo Cape Station to show 70% year over year reduction in drilling times and pave the way for rapid geothermal deployment. I love geothermal as a renewable time energy, and I love what this article is talking about. Tim Latimer is the CEO. Since its inception, Fervo has looked to bring a manufacturing mentality to enhance geothermal development. Building a highly, repeatable drilling process that allows for continuous improvement and as a result, lower costs, said Tim Latimer. In six months, we’ve proven that our technology solutions have led to a dramatic acceleration in forecasting, drilling performance. And when you sit back and take a look, the great MP operators have the ability, the knowledge, the, the wherewithal to get good drilling done at very, very good costs. And when you marry geothermal, power and our great EMP operators, you get a fantastic home run, running down the road for geothermal all about it. And I think this is, says a lot of, van tastic things, for our, renewable and oil and gas running down the road together. So hats off to Vermont. Energy. So let’s go to NDP. Anti fossil fuel advertising, draft legislation worthy of both the 1956 Soviet R.S., FSR criminal Code or the other end of the political spectrum. Terry, I affectionately call you grumpy. And, you went all out on this story. The CIA, bless their hearts, translated the 1956 Soviet R.S. s Criminal Code, which is the, you me codex if you run in the circles. This is pretty funny. It is. Charlie Angus is Bill C 372 and er respective to fossil fuel advertising. And, they’re looking to cut the advertising. And if you speak negatively, excuse me positively about this is just nuts. It is prohibited for a person to. You promote fossil fuel or the production of fossil fuel in a manner that states or suggests that fossil fuel or the practices of a producer or the fossil fuel industry would lead to positive outcomes in relation to the environment, health, Canadiens and reconciliation of indigenous people or the Canadian global economy. Holy smokes Batman! You can’t buy this kind of entertainment. We have to deal in sustainability. Sustainability ability is low cost energy that you don’t have to print money. The only reason that the world is reducing their carbon is getting off of coal. Like in the United States. Cutting 22% of their carbon output. Why? They did reduce their coal plants. But the EIA for two years in a row stated that it was because of the increase in natural gas plants. So I would be just now arrested, for being able to say that the EIA, the U.S government, said that it was a good thing for us to lower our carbon output by using natural gas. This is a terrible way for the, Canadian government to just flat go way off the deep end as far as I can. And, Terry, God bless you for bringing this up. Please follow the retail and, follow, Terry at the BOE. And by his book. It is, ending the fossil fuel insanity. I think you need to write a whole new chapter here, Terry. [00:17:03][271.7]

Stuart Turley: [00:17:03] Do municipality politicians actually know where electricity comes from? [00:17:07][3.9]

Michael Tanner: [00:17:10] I answered it in the open. No. [00:17:11][1.1]

Stuart Turley: [00:17:12] No. Okay, let’s go to the next article. No. I so data for yesterday’s disclosed those I industrial wind turbines delivered, almost five megawatts over 24 hours or, miscellaneous, 4.2% of their rated capacity, even though they get first to the grid, right? This is nuts that everybody thinks that they’re going to put in, 42MW, but it’s a that’s a nameplate. You’re only going to get 4% of that, which is, you know, the way you get to pay for that, you know? Anyway, so when you sit back and take a look at this article, I thought it was pretty fun based on what’s happening around the world. This is in Canada when you’re making rules, Michael, there’s nobody that reads the bills anymore. And in, your local ones there, there’s now a groundswell of people wanting to stop, renewables from being in their backyard. It’s the NIMBYs. So politicians adopting the natural gas phaseout would be capable of understanding. Without those plants, Ontario would have experienced rolling blackouts that California is famous for. So people that legislators in California, in Canada and the U.S. are making decisions based on religion rather than facts. [00:18:40][88.6]

Michael Tanner: [00:18:41] Well, it’s a lot of what this, this, this stuff is. And what’s unfortunate is that your local municipality has a lot of control over you. It’s some it’s it’s sometimes even more than the federal government because they’re here now. Of course it’s Canada. We have to point out this is we’re talking about Canada, who’s gone a little overboard with some of this stuff. But I mean, again, it just goes to show you. [00:19:03][22.2]

Stuart Turley: [00:19:05] That I think it’s a wonderful thing. And the conclusion, Mike, I didn’t sorry, I didn’t mean to interrupt you there the the time. Well, yeah, I did. I just can, the time has come to push all elected politicians to stop the insane effort to decarbonize our economy and return to sanity unless their objective is to drive us all into energy poverty and move us back to cave dwelling days. That article. [00:19:31][26.0]

Michael Tanner: [00:19:32] Great article. We appreciate it. [00:19:33][1.6]

Stuart Turley: [00:19:34] 70% of the consumers are unwilling to spend more on energy subsidies. This survey says. And the survey says Greg Guttridge, not Greg Gutfeld. I’ve invited him to be on the podcast as well, too, but I know he’s a little busy, you know, the survey highlights, Guttridge added, 70% of the outcomes of the energy transition depend on people changing their energy consumption behaviors and lifestyles, but consumer fatigue is setting in stalling confidence in stag. Meeting processed people are not they’re NIMBYs. They’re not going to do it in their backyard and then give up your cell phone. No, give up your try traveling anywhere you want, anywhere you time. Nope. Turn your heat up. Turn your heat now? Nope. [00:20:24][50.7]

Michael Tanner: [00:20:25] Yeah. No, I mean, I think what’s funny is there’s there’s a lot of good stuff that was woven into this article. But I think, you know, people are not willing. They want to spend less. People are used to spending less over time and things getting better over time. Think about anything else in a minute. I mean, think about your phone. Think about your car. You’ve been able to spend less over time and the efficiency or the product has improved. [00:20:53][27.8]

Stuart Turley: [00:20:53] Except for phones. People have accepted that phones were at 100 bucks, and now everybody’s getting expecting these thousand dollar phones. And Apple has done a great job increasing the price. [00:21:08][14.2]

Michael Tanner: [00:21:09] Yeah, I mean I, I but on a but on a massive scale, the price of things have gone down over time. And I mean that’s the free market at work. Obviously we’ve got inflation right now but but no, I wouldn’t necessarily again, I’m not driving an EV so I’m not you know, I’m not. And you’re not going to see what you’re after. [00:21:26][17.6]

Stuart Turley: [00:21:27] 50 is anything but an EV. [00:21:28][1.6]

Michael Tanner: [00:21:31] I gotta go, okay. Hey, I’m in Texas now. I, I’m getting my car reregistered in Texas now this year. And you don’t have to get an emissions test. That’s somethin g in Colorado you have to do well, but yeah, get a vehicle inspection. So I don’t know what’s worse. [00:21:43][12.2]

Stuart Turley: [00:21:43] Well cough twice. [00:21:43][0.0][1264.0]

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