Catastrophic Failures: 300 Tonne Wind Turbines Keep On Collapsing in Terrifying Fashion
California Utility Regulators Told Lack of Storage Caused Spike in Natural Gas Price
Aramco CEO warns ESG investing poses threat to global energy security
Highlights of the Podcast
00:00 – Intro
03:46 – U.S to pour 30 million into lowering costs for large wind turbines.
07:11 – Saudi Aramco CEO Warns ESG Investing Poses Threat to Global Energy Security
10:33 – Biden, Energy Secretary Exposed in gas stove plan
15:45 – Catastrophic failures, 300 ton wind turbines keep collapsing in terrifying fashion
20:27 – California utility regulators told the lack of storage cause spike in natural gas
27:20 – Outro
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Daily Energy Standup Episode – 60
Automatic Transcription Edited for Grammar. We disavow any mistakes unless it makes us better-looking or appear smarter.
Michael Tanner [00:00:07] What is going on. Everybody, welcome into another edition of the Daily Energy News Beat stand up here on this gorgeous Tuesday, February 14th, 2023. As always, I’m your humble correspondent, Michael Taylor, 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, Energy Newsweek.com, Stuart Curly, my man. How we doing today? Happy Valentine’s Day.
Stuart Turley [00:00:33] Well, thank you. It’s a beautiful day in the neighborhood and glad you reminded me so I can go buy Wal-Mart and get some flowers from my wife.
Michael Tanner [00:00:42] Yeah, I was going to say, you might want to get on that because knowing you, you’re probably a little behind on that.
Stuart Turley [00:00:46] I’m always behind, baby.
Michael Tanner [00:00:48] You’re welcome. But luckily, you stay out ahead of every single story. And as always, you’ve put together a great lineup for us. If we didn’t start Stu I.O.U. a dollar. You had the Chiefs in the Super Bowl. I did not. And so I’ll find a dollar and I’ll mail it to I’ll post market last month though, so you can write it off on your 2022 taxes.
Michael Tanner [00:01:11] You do have a great show for us lined up today here. Here’s an overview of the articles that will cover. First off, [00:01:18]Biden’s energy secretary exposed in gas stove plan. Well, she met privately with Green company with major ties the Chinese [7.8s] we wouldn’t start off the show if we didn’t go down the conspiracy routes because Stu’s got a great one lined up for us there.
Michael Tanner [00:01:34] The next article will cover [00:01:35]Catastrophic failures. 300 ton wind turbine keeps on collapsing in terrifying fashion. [5.5s] That sounds spooky.
Michael Tanner [00:01:43] Next, we’ve got [00:01:44]California utility regulators told lack of storage caused natural gas price spike [4.5s] ago. So that’s the understatement of the century.
Michael Tanner [00:01:53] Next we’ll cover [00:01:53]Saudi Aramco CEO Warns ESG Investing Poses Threat to Global Energy Security. [5.6s] So the exact person we want commenting on ESG, the Saudi Aramco CEO. So Stu will tell us what that is all about.
Michael Tanner [00:02:08] And then finally, we cover [00:02:09]U.S. to pour 30 million into lowering cost of large wind turbines. [4.1s] You heard that right. We’re spending $30 million to lower the cost of large wind turbines to Stu will cover all those things he’ll kick it over to me. We’ll talk quickly about what happened in the oil and gas and natural gas markets today.
Michael Tanner [00:02:27] We had a little down. I mean, natural gas is just killing us right now. It’s all the way down to 240. Crude oil briefly was above 80. Now currently trading actually the night before here on the 13th at about 7926. And then a little bit of some interesting news out of and out of equity.
Michael Tanner [00:02:44] I will cover all that in a bag of chips, guys. But first check us out on the world’s greatest website www.Energynewsbeat.com the best place for oil and gas news. All the articles that we’re about to cover come from that website. It’s the it’s Stu’s lovechild. It’s our lovechild mine and Stu’s together.
Michael Tanner [00:03:05] We kiss it every night and we make sure it has the stories that it needs to keep you guys understanding about what’s going on. The energy business,.
Michael Tanner [00:03:15] EnergyNewsBeat.com Dashboard.EnergyNewsBeat.com a one stop shop for all oil and gas news. Please check us out there.
Michael Tanner [00:03:22] With that stew. Stu, enough of the pleasantries. Where do you want to begin?
Stuart Turley [00:03:26] I’m going to correct you here for the second time since I’ve known you in three or four years. It’s energy. It’s not just oil.
Michael Tanner [00:03:35] I feel. Okay, fine. News Newsbeat Clearly, because that’s the name of the website. Where do you want to begin?
Stuart Turley [00:03:40] Okay. You owe me $2. Let’s start.
Stuart Turley [00:03:44] Let’s start. [00:03:46]U.S to pour 30 million into lowering costs for large wind turbines. [6.2s]
Stuart Turley [00:03:57] Okay. This is the US Department of Energy (DOE). Announced a 30 million funding opportunity to advance the cost-effectiveness of domestic manufacturing materials, including lightweight composites that would allow wind turbines to produce more efficiently.
Stuart Turley [00:04:17] Well, there’s a lot in this article, and there’s a lot that David Blackman, I got to give a shout out to David Blackman. The estimated performance period would be 2 to 3 years. Interested parties have until March 23rd to submit their concept papers.
Michael Tanner [00:04:38] We’re making a concept paper. We are thousand percent sending it a concept paper.
Stuart Turley [00:04:43] Oh, absolutely. But it’s already the inside scoop is that it’s already been awarded to Siemens from Europe because they lost $1,000,000,000 and they were not going to be writing any gear to the United States in their renewable division.
Stuart Turley [00:05:02] So in order to rob the U.S. taxpayer, I mean, to use the U.S. taxpayer dollars to continue the offshore wind, they had to have gear.
Stuart Turley [00:05:16] And so in order to do that, they had to bribe I mean, incentivize Sea mens to come over and so the price tag is $30 million to get Sea mens to put in a plant over here so that you and I could pay taxes so that it goes into the financial pockets of the politicians,
Stuart Turley [00:05:40] I mean, into Seamens. So this article was really pretty good.
Michael Tanner [00:05:45] Yeah. I mean, it’s a pretty good business model. Sea mens got, I’d like to get in on that little scheme.
Stuart Turley [00:05:51] Oh, absolutely.
Michael Tanner [00:05:53] Well, it is kind of funny. You lose a billion, all you gets 30 million back. So, I mean, who did get the raw deal?
Stuart Turley [00:05:59] Think. No, think about it. That’s going to do nothing. But then pay for certain things. And they’re printing money.
Stuart Turley [00:06:06] So they’re also going to be getting tapping into the other bazillions of dollars.
Stuart Turley [00:06:10] So it’s it’s that is a sacrificial appeasement. All right.
Michael Tanner [00:06:15] Well, here’s what I will say.
Michael Tanner [00:06:17] Our whole marketing campaign for our white paper that we’re going to concept paper that we’re going to send in for this will be stated around if we don’t win, it’s racist.
Michael Tanner [00:06:26] So then they’ll give it to us.
Stuart Turley [00:06:30] I’d like to stay on the air, but I would have one comment. And neither one of us are in the good graces of that comment. So I’m Indian. I identify as an Indian. So huh?.
Michael Tanner [00:06:50] You classified as American idiot now?
Stuart Turley [00:06:52] Oh, yeah, I guess Indian. I got Indian. Pocahontas was my great, great, great grandmother. Okay.
Michael Tanner [00:06:59] You got John Smith in your bloodline. What do you got next before we get ourselves in trouble?
Stuart Turley [00:07:05] Okay. I actually had paperwork to prove it. I got a pedigree.
Stuart Turley [00:07:09] Okay. [00:07:11]Saudi Aramco CEO Warns ESG Investing Poses Threat to Global Energy Security. [8.2s] Let’s get you good. [00:07:22]Amir Nassir. [0.6s] He’s a good dude. I really like him.
Stuart Turley [00:07:27] He said. [00:07:27]Saudi Aramco said mounting pressure to curb new investment in oil and gas was, quote, flawed based on flawed assumptions, unquote. [10.3s]
Stuart Turley [00:07:39] Here’s the rest of it. [00:07:41]Proponents of popular energy transition narrative paint a picture of a utopian world where alternatives are ready to replace oil and gas almost overnight,. [11.9s]
Stuart Turley [00:07:54] He told the Saudi Capital Market Forum in Riyadh.
Stuart Turley [00:07:58] If ESG policies are implemented in with an automatic bias against any and all conventional energy projects, the resulting under-investment will have serious implications for the global economy, for energy affordability and energy security.
Stuart Turley [00:08:18] Man, he had it right. He is one sharp cat. You know, I’ve always thought very highly of Saudi Aramco, Saudi Arabia, for how they’re handling Saudi Arabia first.
Stuart Turley [00:08:32] And they have been doing a great job with that.
Stuart Turley [00:08:36] This is what is showing as the ESG movement is really taking a black eye and it’s taking a beating like a being rented, being beat like a rented mule and ESG.
Michael Tanner [00:08:53] For some of the women that live in Saudi Arabia, I don’t one of the two.
Stuart Turley [00:08:56] Like you said. A very funny, though. Are you saying they look like me? No, I didn’t say.
Michael Tanner [00:09:03] Oh, it’s not what I say.
Stuart Turley [00:09:05] Okay. That’s that’s not good.
Stuart Turley [00:09:06] Okay. So then if you take a look at this Saudi Arabia OPEC leader, who is the prince? Saudi prince basically said even stronger words on that yesterday. So
Michael Tanner [00:09:23] Well, why don’t we do a show live from Riyadh? When are we doing the show? Live from Riyadh?
Michael Tanner [00:09:28] I’m down!
Stuart Turley [00:09:29] Here he is right now. He’s calling the media.
Michael Tanner [00:09:32] You got NBS. On the line.
Stuart Turley [00:09:33] I do. I’m here. Hey, baby. What’s up?
Michael Tanner [00:09:37] Hey, baby. What’s up? Oh, yeah. You.
Michael Tanner [00:09:41] Most people have sports people on the on their posters. Like a picture of Michael Jordan. Picture Michael Phelps. Stu has NBS, Stu has the Saudi Crown Prince family.
Stuart Turley [00:09:54] But you know what? I’m always been been like, cheering them on. Here, let me.
Stuart Turley [00:10:01] I got to announce this. Alex Stein is host of [00:10:09]Prime Time with Alex Stein and Blaze TV. [2.6s] He’s a comedian coming on the podcast next. Next month
Michael Tanner [00:10:17] Your Greatest accomplishment, You have a comedian coming on your podcast.
Stuart Turley [00:10:19] Hey, we’re going to have a duel comedian duel. All right. Let’s go to the next.
Michael Tanner [00:10:25] Yeah, I’m taking him. I’m making him. I’m putting it all on. Alex. Back to house, baby. What’s next?
Stuart Turley [00:10:32] Okay. [00:10:33]Biden, Energy Secretary Exposed in gas stove plan. [4.2s]
Stuart Turley [00:10:38] Remember all those gas stoves that they’re trying to ban? She met privately with green companies with major ties to the Chinese who dun dun dun!.
Stuart Turley [00:10:48] Let’s go through a couple of things in here. Okay. Michael, what do you get if. Granholm married Fetterman.
Michael Tanner [00:11:02] Oh, Yikes!
Michael Tanner [00:11:03] Stu Turley.
Stuart Turley [00:11:04] Ooh. Smack That!
Michael Tanner [00:11:08] I don’t know, that’s somebody. Somebody, you know, a barely functioning person who may or may not know a little bit about what goes on in the energy business.
Stuart Turley [00:11:19] Well, that’s just a Graham hold myself. So, you know, you got to come up with something better than that.
Michael Tanner [00:11:24] I don’t know. I admired.
Stuart Turley [00:11:27] His first name or her other name would be Fetter Graham. ha ha ha ha!
Stuart Turley [00:11:32] Fetter Graham ha! ha! ha!
Stuart Turley [00:11:35] Okay, here we go. Let me get to the quote here. This is really pretty, pretty frightening.
Stuart Turley [00:11:47] [00:11:47]Biden keeps selling our oil to China, [2.2s] and this is the part that really gets me all worked up. [00:11:55]Secretary Energy Granholm, Fetterman, [2.3s] I think she’s dating him, [00:12:01]met privately with the leader of the Rocky Mountain Institute, RMI, the group that funded a recent study used to clarify calls for a ban. GASSO Ban. [13.6s]
Stuart Turley [00:12:15] This is the part where it really kind of got me up the Rocky Mountain. Where’s the paragraph…..
Michael Tanner [00:12:24] [00:12:24]Rocky Mountain Institute has collaborated with the Chinese government to study transitioning away from traditional fossil fuels. And the group’s only office outside of the U.S. is located in Beijing,. [11.5s]
Stuart Turley [00:12:37] Right.
Michael Tanner [00:12:38] That’s right. I mean, that….
Stuart Turley [00:12:41] Now try this one on. In this case, [00:12:44]the head of the Rocky Mountain Institute, or RMI, worked for the WEF, the World Economic Forum. [9.6s] That’s where it’s run by that knucklehead, Schwab.
Michael Tanner [00:13:00] Schwab..
Stuart Turley [00:13:00] Huh?
Stuart Turley [00:13:02] Our friend Schwab.
Michael Tanner [00:13:03] Right to the show right on the show.
Michael Tanner [00:13:04] You were kicking it on stage with him a couple. He said.
Stuart Turley [00:13:08] Oh, yeah, I was. And I called him idiot and they asked me to go out. That’s kind of like when I met Bill Gates.
Stuart Turley [00:13:14] And ahh…
Michael Tanner [00:13:14] Not The Bill Gates story, Not the Bill Gates.
Stuart Turley [00:13:17] No! I’m just saying I when I meet world leaders, I make him mad and he bad had a cow and the horn got stuck. So let’s go over here.
Stuart Turley [00:13:29] This is amazing, Michael, when you sit back and take a look. [00:13:33]Granholm is clearly working with the Chinese. [3.1s] Why?
Stuart Turley [00:13:40] I’m going to shout out.
Michael Tanner [00:13:41] There’s this middle man. It’s this middle man, [00:13:46]Jules Kortenhorst [0.0s] He seems like. It seems like a shady character. Seems like a shady character.
Stuart Turley [00:13:52] If anybody’s going to say this is a conspiracy theory, it’s not. And here’s why. R.T. and David Blackman both said, I trust both of them. I don’t trust me.
Stuart Turley [00:14:02] Random dudes on Substack.
Stuart Turley [00:14:04] Oh, yeah, that’s a random dude on Substack. But I love that one, by the way. Yeah, that was a great one last week. Dude, you can’t quote this article at some random dude on substack. Okay. Both of them.
Michael Tanner [00:14:19] A pulit surprise winning author! Just kills me…
Stuart Turley [00:14:23] Some random dude on substack. Okay. Both Artie and David Blackmon.
Stuart Turley [00:14:30] They also said in taking a look at this,.
Stuart Turley [00:14:36] [00:14:36]What would China benefit if we got rid of natural gas? [3.6s] We would have.
Michael Tanner [00:14:42] All i mean..Go ahead.
Stuart Turley [00:14:45] They say, and I agree, because they’re smarter than me, that of course I look better. But if you sit back and that’s horrible.
Stuart Turley [00:14:53] And so if you take a look, China would be better off to hold us to renewables.
Stuart Turley [00:15:00] Who owns all 80, 90% of the rare earth minerals, critical minerals. Who owns the manufacturing capabilities for renewables? China.
Stuart Turley [00:15:13] What happens if they get rid of the stoves? Well, the stoves, if they are electric, can be remotely turned on and turned off. ahh…
Stuart Turley [00:15:24] So anyway, I think it’s pathetic that they’re that stupid. Okay, let’s go to the next one.
Stuart Turley [00:15:32] And this is really rolling around into this one. There is a major thing going on around, and I don’t know why I’m not sleeping under any wind turbines.
Stuart Turley [00:15:45] [00:15:45]Catastrophic failures, 300 ton wind turbines keep collapsing in terrifying fashion. [5.8s]
Stuart Turley [00:15:52] And for our podcast listeners, there’s a picture of a wind turbine that has, like folded over on itself. Looks like a wilted daisy on fire.
Michael Tanner [00:16:01] It looks lovely.
Stuart Turley [00:16:03] Oh, it is. I can smell it from here. Wind industry spin doctors are struggling to explain why a troubling uptick in catastrophic and terrifying wind turbine collapses.
Stuart Turley [00:16:15] Gravity is not kind of these 300 ton monsters.
Stuart Turley [00:16:22] Hundreds of them have been collapsing around the world and the rate of collapses seems to be in increasing.
Stuart Turley [00:16:31] Michael, this thing is amazing. I am now again. I am finding in all the research, I’m trying to get nailed together. I had a great interview with [00:16:43]Valerie Biamonte. [0.0s]
Stuart Turley [00:16:44] She is a safety attorney and she has been on over 50 major wind projects. DEATH happens to be one of the side effects to workers.
Stuart Turley [00:16:59] So, anyway, that’s going to be a great guest coming out here real quick.
Stuart Turley [00:17:04] But it’s less than eight years is the mean time between failure and when these things become no longer physically or physically capable.
Stuart Turley [00:17:17] So here’s one that was higher than the Statue of Liberty. It fell pretty much right on top of itself. These things are not meant to take that much, G-force. It is the vibrations that take these things down. So it’s the same vibrations that are taking the whales down.
Michael Tanner [00:17:41] Yeah I mean, you’re well post on LinkedIn speaking of that is going off by the way so.
Stuart Turley [00:17:46] Oh it’s going absolutely bonkers on our website. I mean.
Michael Tanner [00:17:51] Considering that’s what that’s why some of these energy policies are going to drive us back to to whale energy. But ahm…
Michael Tanner [00:17:58] No,I mean, again, you’re going to have your vaccines and oil and gas. You’re going to spill a tank, you know, Exxon Valdez, you’re going to have horrible incidences in which you’re going to have mass scale. Failures among wind farms. It is going to happen. It happens in oil and gas happens in, you know.
Stuart Turley [00:18:19] Right.
Michael Tanner [00:18:20] It’s going to happen in the wind farm. So let me couching that into this equation. You’re an idiot.
Stuart Turley [00:18:27] And thank you. I, I resemble that. Now, when you said.
Michael Tanner [00:18:31] I was not Talking to you, I was talking to the proverbial person who thinks there’s going to be no damages of wind farms.
Stuart Turley [00:18:37] Oh, no, there’s already. I resemble being an idiot anyway, so I kind of like it. Oh, thank you very much. Now, here’s the thing.
Stuart Turley [00:18:45] [00:18:45]The Exxon Valdez was crashed because the captain was drunk. [4.8s]
Michael Tanner [00:18:51] So I’m just saying things are going to happen.
Stuart Turley [00:18:53] Yes, they. Are.
Michael Tanner [00:18:54] I’m just. There are going to be accidents. Maybe. Maybe the biggest wind, maybe the biggest wind turbine. What will happen is a guy will be driving, went out to location, he’ll be drunk, it rolls off the trunk and rolls into an electrical station we have a mass electrical out.
Michael Tanner [00:19:10] You mean like. I mean, it’s a dumb example, but like, that’s still a it’s still a, you know, seven degrees away from Kevin Bacon incident that you can say, know, you have to take into account and nobody thinks about when they said, oh, we’re just going to be no issues with wind there will be and it’ll be things that you can’t even think about.
Michael Tanner [00:19:28] So I think, again, if you’re not couching your analysis with, yeah, we’re probably going to have some failure among these, like, you’re an idiot.
Michael Tanner [00:19:36] So what’s next before I jump off a cliff?
Stuart Turley [00:19:40] Okay. One last thing about Valerie. She said anybody that thinks that the windmills are not made with a lot of oil are crazy. Those things go through a ton of oil because there’s, like 80 gallons. And one part of.
Michael Tanner [00:19:56] You also don’t. If you also can’t put that mental picture together in your mind that these wind turbines are being, you know, made in coal factory, you know, coal powered natural gas powered factories,.
Stuart Turley [00:20:07] Right.
Michael Tanner [00:20:07] Like that’s like one story, Like you don’t have the cognitive dissonance to figure this stuff out. You’re barely employable.
Stuart Turley [00:20:13] Right? And you identify as a frog.
Stuart Turley [00:20:17] Okay. So as you come back in the last Article, Michael, that was pretty funny.
Stuart Turley [00:20:27] [00:20:27]California utility regulators told the lack of storage cause spike in natural gas. [5.3s] Okay, Governor Newsom, I love me some Gavin Newsom. He’s got some good looking hair and that’s where his whole brain power stops.
Stuart Turley [00:20:43] Average bills for any restaurants in Northern California shot up an estimated 195 in January, compared to 151 the year before.
Stuart Turley [00:20:55] And now you come in here and he says, [00:20:57]why are gas prices so high? [1.9s]
Stuart Turley [00:21:00] California pipes in. Are you ready for this? 90% of the natural gas it uses from everywhere else, making the state Vulnerable. Boy, I had one too many root beers.
Stuart Turley [00:21:16] According to the U.S. information. On Monday, [00:21:20]Governor Newsom said make it clear he wasn’t satisfied. [3.3s] We have the whole story.
Stuart Turley [00:21:27] We want to know what factors in order. And he comes in down further and says there’s not enough natural gas storage.
Michael Tanner [00:21:37] I mean, of course, they don’t have enough storage in California. I could have told you that six months ago. Was it a year ago? And people have been screaming that there’s not enough storage in California the reason why they’re importing.
Michael Tanner [00:21:47] But You know, like most people, you don’t listen. So we end up in this unfortunate scenario. But.
Michael Tanner [00:21:54] Honestly, I hope California, all energy prices go through the roof. I think you’d be hilarious if they just crumble under the weight of [00:22:00]$97,000 per MCF gas. [2.6s] It would just crack me up.
Stuart Turley [00:22:05] Well, I. I don’t wish it on the nice people of California, but the.
Michael Tanner [00:22:11] But the bad ones.
Stuart Turley [00:22:12] Yeah, the bad ones. Knock yourself out.
Michael Tanner [00:22:16] I was only partially kidding.
Stuart Turley [00:22:18] No, I’m not. We have three People
Michael Tanner [00:22:23] Whats Next?.
Stuart Turley [00:22:23] I’m done. We only have three listeners in California.
Michael Tanner [00:22:28] Yeah, well, if we did. If we did, they’ve signed off. So now on the finance side, guys. Not much to cover here.
Stuart Turley [00:22:36] I think we get a lot of listeners in Africa, dude. Hey, I’ll write off California.
Michael Tanner [00:22:44] Yeah, we’ll write it off on our 2022 taxes.
Michael Tanner [00:22:48] Kicking it over to the markets here. [00:22:50]Nasdaq jump 1.6 percentage points. S&P also had agreed a 1.15 percentage points. [6.4s] Again, really coming down to, you know, [00:23:00]Fed Chair Jerome Powell [0.9s] is coming out and saying, hey, maybe things are getting a little bit better maybe we’ll consider tapping out rate increases around that 5.25 basis point mark. And I think the Street is reacting very strongly to those comments. Cash. [00:23:14]Cash. In terms of U.S. dollar, strike up a little bit today. [3.3s]
Michael Tanner [00:23:18] Crude oil prices, we saw briefly 80 about 80, 50, 85 was the top today. Currently trading as we record this about 721 the night before, 7934.
Michael Tanner [00:23:31] I think there’s a little bit of the fear of Russian supply cuts. When you when you take a sniff out there on the sentiment market with this, with the fact that that this Russian oil price cap we know that there fight that Russia news leaked today about a 500,000 barrel cut per day. And in terms of just what they’re able to export, considering they’ve they’ve kind of lost most of their buyers.
Michael Tanner [00:23:54] Outside of obviously we know China’s buying a lot. We know India’s buying a lot. We know there are other countries buying a lot, but they don’t necessarily have access to that, quote unquote full global market.
Michael Tanner [00:24:04] And so I think that’s that’s moving prices up. I mean, again, on on on an overall day, we were just just barely above what we opened but it’s still good to see some of that bullish sentiment. It was nice to see $80 today.
Michael Tanner [00:24:16] On the natural gas side. I mean, even with the first load leaving Freeport, we still see prices tumble $2.44. I mean, it really again goes to show how little Freeport is going to matter when it comes to the oversupply that we’re in.
Michael Tanner [00:24:29] I mean, I was I was three months ago pounding the table that, you know, we’re at $6 gas. What happens with Freeport it’s a market was not as nearly as tight as we thought and a lot of this flush natural gas production that’s getting turned on continues to weigh down prices.
Michael Tanner [00:24:43] So it’s going to be interesting to see. I don’t necessarily see if I see a clear a clear wave for the bull side on natural gas. I know I was debating somebody in the office over the last couple of days. He’s he’s ready to go by. He’s buying call options on natural gas like it’s his his job and it might turn into it if these things pop because he’ll have he’ll be pretty flush because he’s buying it at a pretty you know,.
Michael Tanner [00:25:06] If there’s ever an entrance point, it may be now, but I’m not convinced if it is. But again, we don’t give investment advice here.
Stuart Turley [00:25:14] We don’t. But 150 is the strike price. We dont give advise.
Michael Tanner [00:25:19] The only other thing I found interesting is our friends already q t they today announced that [00:25:26]David Kay-an Executive Vice President and Chief Financial officer, will be retiring July 2023. [8.5s] And I thought this was interesting.
Michael Tanner [00:25:37] They will be conducting a national search to identify the successor, and Mr. Kay-an will work closely with the board to ensure a smooth transition.
Michael Tanner [00:25:45] So that’s interesting. Most of these companies, you know, we just read today that ExxonMobil excuse me, [00:25:52]Chevron is considering waiving mandatory CEO retirement at 65 because there’s no clear internal successor for CEO and his with with 2020 to 2025. [11.3s] They mentioned.
Michael Tanner [00:26:05] I would be his replacement they’re thinking of let him go, further there’s no point to not have he likes the job, blah, blah, blah.
Michael Tanner [00:26:11] You know, not to say that the CEO of Chevron and the CFO of IQ t are on the same level. But it is interesting what a big, big market cap company goes outside its walls to recruit something versus, you know, grooming a successor within.
Michael Tanner [00:26:24] So I think it’s going to be very interesting what happens here. And I think we’ll be following this hire very closely. I’m I’m nominating you Stu. I think you should get the job and if whoever the recruiting company handling it. Gets STU on your list!
Stuart Turley [00:26:39] They ain’t got the money to buy me. Oh.
Michael Tanner [00:26:42] That’s a threat. So now you’ve got to come back. So now, now it’s Now what? You just have to come in large. I’m talking levered. Large.
Stuart Turley [00:26:51] Yeah. They got the money.
Michael Tanner [00:26:53] We’ll see. Only one way is to find out to bid. You got anything else today, Stu?
Stuart Turley [00:26:59] This is a fun show. I appreciate you.
Michael Tanner [00:27:02] Yeah, no problem. We appreciate everybody who’s tuning in and listening. You know, poor eagles. But I do. I will get you that dollars. Do with that, guys. We’ll let you get out of here. Get back to work. Finish up your day again.
Michael Tanner [00:27:18] For Stuart Turley, I’m Michael Tanner. We will see you guys tomorrow for.
