Daily Standup Top Stories
California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown
In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in […]
Belgian Wind Project Vetoed; Global Total Of Renewable Rejections Hits 1,104
ENB Pub Note: This article is from the Substack of Robert Bryce and it is fantastic. The world is waking up, and the rejection of the wind, solar and storage projects is growing. Don’t get […]
Job Cuts Rock Global Oil and Gas Sector
By ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to […]
Ukraine Strikes Russian Pipelines, Fuel Supply Hit Hard – Do they even want Peace?
In a bold escalation of the ongoing conflict, Ukrainian forces have targeted key Russian energy infrastructure, striking multiple oil and gas pipelines in a 24-hour blitz. These attacks, confirmed by Ukrainian military intelligence, have crippled […]
Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013
In the ever-evolving landscape of global energy, one trend stands out: the sharp decline in exploration capital expenditures (capex) by oil majors since the peak years around 2013. This pullback raises critical questions about future […]
Highlights of the Podcast
00:00 – Intro
00:16 – California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown
03:47 – Belgian Wind Project Vetoed; Global Total Of Renewable Rejections Hits 1,104
05:48 – Job Cuts Rock Global Oil and Gas Sector
12:08 – Ukraine Strikes Russian Pipelines, Fuel Supply Hit Hard – Do they even want Peace?
14:34 – Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013
21:53 – Market Updates
24:12 – SM Energy CEO Transition
27:39 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Michael Tanner: [00:00:00] Why Valero saying no to hundreds of millions of taxpayer dollars is good for the state of California. Next, on the Energy NewsBeat Standup. [00:00:08][8.4]
Stuart Turley: [00:00:16] California in talks to pay hundreds of millions of dollars to Valero to stave off refinery shutdown in a dramatic turnaround. California’s escalating energy crunch, straight state legislators are reportedly negotiating to hand over hundreds of million dollars to the Valero Energy Corp to prevent the shutdown of its Valencia refinery in the San Francisco Bay Area. Michael, this is Absolutely. Hilarious. The facility, which processes 145,000 barrels per day, was slated to cease operations by April 2026, but the proposed bailout aims to cover the hefty maintenance costs and they’re not going to take it. That’s like trying to buy off somebody that says, no, I’ve had enough. When somebody does me wrong, I just say, hey, I’m out. And that’s exactly what they’re going to take that money and go on, because Governor Newsom has destroyed the fossil fuel business, the oil and gas, the backbone and the blood of California, and it is absolutely going to be devastating. When the other plant, the Phillips 66, 139,000 barrel per day Los Angeles facility set to shutter late this year and early next year, it is going to be 17% of their refining capacity, we’re going to see. Diesel and gasoline starting at $8, going to $10, and if there’s a $15, they’re already seeing lots of tankers lining up out in the bay. That is not eco-friendly, dude. This is from Governor Newsom’s net zero failure of a policy, and it is absolutely abysmal. [00:02:03][107.4]
Michael Tanner: [00:02:04] Well, I think Gavin Newsom woke up and realized he’s running out of hair gel, if this thing shuts down. So he’s like, Hey, throw hundreds of millions out of, I think the funny part is, is that you said this, Valero doesn’t want the money. That’s the funniest part is they’re like, Nope, we are out. I mean, if you, if, if listen to the podcast at all over the last couple years, you know, we’ve been on this like a fly on manure from the standpoint of something was going to happen, they were going to run up against all of these so-called timelines to implement net zero, run up to the red line and back off it. It’s a little bit like what’s kind of been happening with the Russia-Ukraine negotiations. Everybody streaks up to red line, talks all tough and then backs up and it just is what it is. So this is absolutely predictable. It’s absolutely hilarious from the standpoint of Gavin Newsom is now going to have to figure out a way and I’m be interested in how he actually plays this from a marketing PR standpoint, how does he sell this to his quote unquote base? I mean, because it’s clear he’s running for president and now he’s gonna have to run on a policy of, well, I actually am sort of not for net zero, even though I’m signing more of these egregious net zero bills. Oh no, and then he said. [00:03:16][72.2]
Stuart Turley: [00:03:16] Oh, I’m going to be drilling more, but I’m still, he is such a hypocrite. He, he deserves to be run out of town on a rail, but they can’t make a rail high speed rail. In fact, they got less than a foot made, so it’s going to be a short ride out of. Tomorrow I am interviewing George Harmer as well as Steve. Hilton who’s running for governor and this is going to be on that topic for that podcast I’m recording tomorrow. [00:03:46][29.8]
[00:03:47] Let’s go to the next story. Belgian wind project vetoed global total of renewable rejections hits 1,104 projects. This is from our great friend Robert Bryce’s substack. This is absolutely amazing. Among the most notable was the rejection of the wind project in Belgium, near West Flanders town of Lopem. According to September 1 article, Brussels mourning the project included a single wind turbine 200 meters high was canceled after 882 objections. This is absolute. Why would you put one wind turbine in? [00:04:25][38.0]
Michael Tanner: [00:04:25] I have no idea. Can we have a quick moment of silence for these 1,104 rejected renewables? Alright, well that’s enough of that. It’s, I mean, again, it’s, it is predictable as the sun rising and setting, you run to the red line, push, push, and then when push comes to shove, people are like, Oh, wait a second. I’d like my lights to turn on or I’d liked my energy bill not to be a million euros or whatever they’re charging over in Belgium. So it’s absolutely unbelievable. I love this quote here. It was canceled after 882 resident objections, municipal opposition, and quote heritage concerns. I mean, what’s a heritage concern? [00:05:05][40.0]
Stuart Turley: [00:05:06] I’m not sure. I was afraid to even quote that one. [00:05:09][3.2]
Michael Tanner: [00:05:09] So listen to this, this is straight from your article, the cancelation of the second veto of a wind project in Belgium in the last two years and also the 584th rejection or restriction of wind energy in the newly consolidated renewable rejection database. I mean this is hilarious, renewable rejection data base? How have we not had the owner, can we, we need to get that person on the podcast. [00:05:30][20.4]
Stuart Turley: [00:05:30] Well, that is our beloved Robert Brax. I’ll get him on the podcast. [00:05:34][3.3]
Michael Tanner: [00:05:34] Oh, Robert Bryce is the one that has the renewable rejection database. [00:05:37][2.6]
Stuart Turley: [00:05:37] Database. He’s running that thing. So that’s exactly why I put this out there. Please. I’ve got his address in there. Go subscribe to robertbrice.substack.com. Let’s go to the next story. Job cuts rock global oil and gas sector. The global oil and gas sectors facing a downturn with widespread job losses and investment cuts, falling crude prices exacerbated by OPEC plus output increases are making it difficult for Western majors to fund projects. And here’s where I think this is kind of interesting. The Financial Times says the sector’s under pressure as crude prices, which spiked after the Russian invasion, which has dropped by half. OPEC plus has shifted its strategy, increasing output. I don’t know how much everybody’s worried about their 130, 37,000 barrels per day that they’re going to put out. I don’t know that they can even produce that much extra. I don’t have to see it. I don’t t see the glut. I don t know that they can. [00:06:35][58.1]
Michael Tanner: [00:06:35] Yeah. I mean, it’s really a, I mean the oil and gas business. It’s one of the reasons I love the business is because they’re extremely principled because this is an industry that votes majority conservative. Let’s throw out who’s the president and just go conservative liberal. I mean do oil and gassed business routinely probably going back to the Reagan administration voted conservative yet every time, if you just overlay oil price and what who’s in office, whether it’s a Democrat or a Republican. If you just color code the chart, it is obvious that under a democratic administration, oil prices go up and why Democrats and liberals are more. Opposed to oil and gas so what do they do they restrict the industry’s ability to do work they make it harder to permit wells they you know things like what what’s going on with the willow project up in alaska get hung up and and and are unable to necessarily be permitted you’ve got offshore drilling which is really one of the key drivers of us global oil production makes it a lot harder And what happens? We then be having imbalance between demand and supply. Demand continues to go up. There’d be supply then stagnates or does an increase to keep up with rising demand. And we see a what? An increase of price. The exact opposite has happened. And the most obvious example is President Trump right now. I mean, why do you think he has this phrase of drill baby drill? Well, it’s not because he loves the oil and gas business, it is because he knows that energy underpins inflation and he wants to bring down inflation for all of America. And if you can bring down the cost of energy, that factors into every facet of the economy, whether you’re talking about food prices, because food prices are driven in part by energy costs that it takes to move your bananas from Florida or your oranges from Florida to Texas where I consume my orange juice every morning. So that it’s so integral into the whole economy that he understands that if we lower the energy price, we lower the oil price, it’ll work its way through the economy. The problem is it does exactly what this article is talking about, which is it devastates the oil and gas business because at the end of the day, the oil and gas. Business is make makes less money. And if they make less money, they don’t need as many people. And we’ve seen this been coming now for five years. I mean, Stu, the theme of the podcast, when I, when I talk in the finance section is consolidation, consolidation, consolidation with, with rising costs to produce shale, declining reserves. And I don’t want to say declining reserves, but you know, wells that maybe aren’t necessarily as productive as people thought we’ve got, you’ve got higher input costs, which is also, you know there’s some things along there, but rising costs, the drill a well and flatlining production numbers make it really, really, really difficult to begin to squeeze more. You’d be able to squeeze less and less margin. And at some point you just have to lay your staff on In ConocoPhillips, we talked about this last week, 20 to 25% of their workforce is getting laid off. And I love this quote from Kirk Edwards. He’s over there at Latigo Petroleum. He says, this isn’t just a Conoco problem. It’s a flashing red warning light for the entire US oil and gas industry. And it’s really sad. [00:09:40][184.7]
Stuart Turley: [00:09:40] I agree. Let me add this because I like a Chevron’s Mike worth the way we protect most jobs for the people is by remaining competitive. And when you take a look at the financial times chart in there as an investor in energy and oil. The U S oil companies are always better to invest in than in the European oil companies. So you know, it’s always good to be able to make sure you got to protect the shareholders rights in the oil company so they can live and fight another day. [00:10:12][31.4]
Michael Tanner: [00:10:12] Okay, this quote from from Mike Worth, you just said it, I’ll read it again. The way we protect the most jobs is by remaining competitive. What does that mean? [00:10:19][6.9]
Stuart Turley: [00:10:20] It means if you have to lay people off, you have to lay off, but it’s also doing best practices and drilling the best fields and everything else. So, I mean, I, I agree with it. You’ve got to do what’s best for the investors and watch the bottom line. It is not ESG has done a good thing for the investors, the governance, watching the bottom line, if you, if, you don’t have, if you don’t need the people, you’re going to need to lay them off. This is going to rubber band. Back and as the world needs more oil, it’s going to snap back up. There’s got to be a different way. So you don’t need to let go people, bring people, let go people, it it’s just going to bounce back. It’s a [00:11:01][41.4]
Michael Tanner: [00:11:01] I agree. In my opinion, this is more a shot at the administration than it is a signal to the investors. How do we remain competitive as an oil and gas, as a commodity based business? You see higher prices. And I think the rhetoric coming from the administration, drill baby drill, isn’t helping. And again, I can agree with President Trump in that energy drives inflation. And, again, it’s one of the reasons I love the oil and gas business because I believe they’re some of the most principled people on the planet. Cause time and time again, they vote against their best. Interest I mean you saw if you were if you’re an ex If you’re on X, I had a, there was a huge debate that went on at the end of 2024 on X about, well, if you actually really want to make more money as an oil and gas company, shouldn’t you be pro com alum? Shouldn’t be running around the street with Harris waltz flags because that’s going to drive oil to a hundred bucks. I mean, obviously we don’t want to do that because there’s a country at stake. So we don t necessarily, you know, it’s what do you put my job or the country ahead of it? And again, it s why I love the business because I feel like Oil and gas folks are some of the most principled in the business. [00:12:06][65.5]
Stuart Turley: [00:12:07] You bet. Let’s go to the next story. Ukraine strikes Russian pipelines. If fuel supply hit hard, do they even want peace? In a bold escalation of ongoing conflict, Ukrainian forces targeted key Russian energy infrastructure, striking multiple oil and gas pipelines in a 24-hour blitz. These attacks, confirmed by Ukrainian military intelligence, have crippled vital supply lines.” This is absolutely despicable. Let’s just end this war. Let’s get everybody to the peace table. And then the drone attack that I want to go on record. The drone attack that went on in Poland is a laughable matter by Ukraine saying that it was Russia attacking Poland. President Putin was interviewed and he laughed. He goes, why would I want to waste my drones even thinking about that? So watch out for false flags. There’s a lot of things going on over there, but this is another event of Ukraine trying to disrupt this, and this is geopolitical that could impact oil prices going up. [00:13:09][62.3]
Michael Tanner: [00:13:10] No, I completely agree with you. I think there’s a massive energy story behind this all. And I think candidly, if you’re India and China, you may be sort of lobbying secretly on the other side to keep this war going, because the moment this war ends, your price of energy is going to go up because Russia’s now that price is now going to float. So I think it’s very interesting. And I, I think what, what unfortunate, I think the tactical mistake that president Trump has made is he’s drove Russia and China and India closer together. And I think that’s an unfortunate by-product of this war. You’ve been saying it, but I think it’s become obvious right now, and that’s what happens. Geopolitics are a… really, really hard thing to get right. And I think he’s done a lot of great things, but I think the by-product, like you said, of this war, obviously with the loss of life and what’s going on is the fact that technically two of our biggest adversaries, Russia and China, India, being a, an ally ish with us. Let’s just say that I wouldn’t, you know, they, they as we’ve always said, president Modi looks out for the Indian people does not worry about what’s going on elsewhere. He does what’s right for the indian people we’ve sort of created this. Counterculture there in Asia because we’ve driven them to be together. So I think it’s interesting. And I think we’re going to be, I think the fact that now they’re, they’re striking oil pipelines, as you’ve mentioned in this is only going to escalate things. It’s not going to deescalate. [00:14:30][80.1]
Stuart Turley: [00:14:30] It’s going to, Ukraine is going to be trying to, to go through that. Let’s go to the next story here. Peak oil production, oil majors exploration capital tumbled since 2013. Michael, I’ve been saying for a very long time. China and India remained stable. Global oil demand, the demand side of the equation would remain strong. I did not have the UK and the EU failing and possibly going into recession and social disruption and them going down further. So now my story is if China and India can outpace the failure of the EU and the UK, we will have a steady, a steady demand side on the equation. But look at this chart from Bloomberg NEF. You take a look at peak oil exploration, Exxon, Chevron, Shell, and BP, nearly half from $88.7 billion in 2013 to significantly later on. That is a- huge drop. It’s a 71% drop. So you take a look at that amount of money that is drop out cap X spending and exploration. We are going to have to be spending a lot of money to be getting back into oil. There’s going to be a certain time when oil prices are going be going back. [00:15:59][88.9]
Michael Tanner: [00:16:00] Yeah. I think this is a really interesting chart. If we can pull this up here, it’s this Bloomberg NFE chart, which basically shows that they’re, like you said, their exploration capital has tumbled. I mean, I think that’s one of the unfortunate by-products of I would call the financialization of the oil business really since 15, 16, 17, where you can really see the drop is that, you know, I’m not that I’m going to take personal blame for this, but when the finance bros really became huge in this business, which was the advent of shale, the 2013 to 2016 was kind of the financialisation revolution of the business, you know, obviously we all heard of the Lynn energies of the world, hey, we have a new to financially engineer an oil and gas company. What you saw was them financially engineer risk and exploration out of the business. Now, the funny part is we live in it. We work in an industry where our workspace is 10,000, you know, I learned this in college. Our workspace is ten thousand feet below us. They was pounded then and we don’t know what our workspace. So there’s always, always risk in our business. There’s never not risk. And so you can never financially engineer risk away. So when you try to that, you leave out exploration. Without exploration, Guyana would not have been found. There was a great article, I think it was like a year ago, on how Guyana was actually discovered within Exxon. Exxona is one of the few companies that still has an exploration risk appetite and actually does true exploration work. I mean, I, and so that is where. From a finance bro standpoint, when you try to financially engineer everything, you’re going to optimize for what you can put in a spreadsheet and you cannot optimize exploration risk in a spreadsheet. I talk to Stu, I talk our clients all the time about this that when people ask me, you know, well, what do you think about this prospect? Or, you know how do you think about analyzing deals or putting together due diligence packages? I say it’s a science, but it’s also an art because you have to understand what to attribute weight to. You have to understand when someone says there’s X risk profile, well, where did that risk profile come from? Are they just pulling a number out of their backside? Is there some science behind it? What’s the reasoning there? And being able to attribute weight to certain things that tip the scales one way or the other is a little bit of an art and a skillset and not necessarily a hard science. So I love this article that you wrote because I think what it does is it exposes the concept of peak oil requires new oil to be found. And if we’re lowering exploration capital being spent to find new oil, we’re eventually going to plateau because we found all the oil in the Permian. Sorry, guys, we found it all. Now, we’re trying to figure out how to economically produce it. And I will always bet on the oil and gas business to come up with technologies to increase recovery factors. But it’s not like there’s a new exploration play out there that we need to get or that we need to find within the Permia. We just know where it is. We’re just waiting for right opportunity to go get it or the right technology to get it. It’s that pure exploration capital that you talked about and that quote, trillion dollar gap that we need to fill. [00:19:03][182.7]
Stuart Turley: [00:19:03] And lower on in the article, no glut in sight is $75 oil reasonable. I put this in here on purpose. Current forecast warn of a potential glut. I think it’s a very minor muffin top hanging over somebody’s pants. Supply outstripping demand and pushing Brent prices to the 50s by 2026. Goldman Sachs sees Brent at 53 to 56 per barrel amid $1.9 billion oversupply while JPMorgan predicts 66 in 2025 and 58 in 2026, I don’t see that. I only see those numbers if. You, uh, the UK and the EU totally stopped buying any oil. And I don’t see that head. I see them buying a lot less from the industrialization, but I also see India and China buying a lot more. So the answer is, I think these guys are smoking some funny stuff. [00:19:56][52.7]
Michael Tanner: [00:19:57] Yeah. Hey, send it our way. We’ll see if it changes our opinion, but we’ll appreciate it, Stu. [00:20:02][5.5]
Michael Tanner: [00:20:02] Let’s jump over and talk a little bit. Oil and gas finance before we do that. Let’s quickly pay the bills. As always, thank you for checking us out on the world’s greatest website, www.energynewsbeat.com. Stu and the team, tremendous job making sure that website stays up to speed. Everything you need to know to be the tip of the spear when it comes to the energy and the oil and gas business. Subscribe to our Substack, energynewsbeat.substack.com, a great place to get a great, great couple time a week. From Stu and myself on everything that’s going on in the energy business. Do you just released a great article on Ed Milibank and what he’s doing? Some of the crazy stuff that’s going on there. So go ahead and subscribe the energy newsbeat.substack.com. Shout out to great friends of the show, Reese Energy Consulting guys. They are, in my opinion, the best midstream company on the planet. Guys, if you work in the midstream space or you touch the mid-stream space and whether you’re an upstream company who needs help with first purchase or agreements or. Or all this sort of stuff. Reese Energy Consulting has you covered. They have literally hundreds of years of experience, have clients that range from two people in a garage up to the largest publicly traded companies in the world. So don’t worry, you are a fit for them and they have dealt with companies of your size. Check them out. ReeseEnergyConsulting.com. And finally, guys, check out investinoil.energynewsbeat.com if you are starting to worry about your tax burden for 2025. I know I am. I know Stu is. Take a look at investinoil.energynewsbeat.com. We have a great tax calculator, which will help estimate what your tax liability is. We also have a great oil and gas portfolio survey, so you can fill it out to see if oil and gasses is something you should consider to add to your portfolio. And depending on how you respond, we will send you a bunch of information, and we will also consider pointing you. In the right direction for some next conversations guys that’s invest in oil.energynewsbeat.com. [00:21:51][108.8]
[00:21:53] But, you know, looking at the headlines too, SMP 500 was up about three tenths of a percent yesterday. NASDAQ basically flat two and 10 year yields. We’re down about three-tenths of percentage point and one percentage point respectively. Bitcoin up about two percentage points. Crude oil settled at around $63.67 yesterday, up about 1.6 percentage points, Brent oil was up about the same to $67.55. Natural gas dropped about 2.8 percentage points or to $3.02 XOP and OIH, which is EMP Securities and Oil Food Services contract was up 2.1 and 2.3 percentage points, respectfully, Stu. But pretty interesting. I mean, I would have told you as we recorded on Sunday afternoon for a Monday release, that with OPEC adding back more barrels to the market, we would sort of see a depression in oil price. And candidly, what we’ve seen, Stu, is the last three or four days, price has been up. A lot of this has to do with crude oil inventories. We did see crude oil inventory drop. Which ironically increased by about 3.9 million barrels. So you would think that’s a bearish number. Secretary Chris Wright did come out at the All In Summit and mentioned specifically about strong economic growth both in the U.S. And around the world will lead to increased demand for oil. And so it’s a little bit talking out of one ear and saying the other thing over here because he did say that U. S. Oil production may plateau for a little while. So again, You know, Secretary Wright’s not dumb. He’s worked in this business now for over 30 years. He understands that the lower prices go, the less oil that gets produced. So he’s trying to, in my opinion, balance the line from the administration, which is his job to be and support the administration. He serves at the pleasure of the president of the United States, meaning if the president wants to drill baby drill, well, guess what? You better be on board with drill baby driller, or else guess what, you don’t get to serve as the U.S. Secretary of Energy. Now, he also is not stupid. You know he’s smart enough to understand that. That’s probably going to mean we’re going to plait to oil production. It’s going to get and kick this cycle again, whereas, Stu, you mentioned eventually prices are going to swing back. So I think it’s pretty interesting. We did see on Tuesday that the EIA cautioned global crude prices will be under suppression in the coming months. Due to those OPEC plus increases, we’ll see if it actually happens. Cause in the short term, you know, buy the, buy the rumor, sell the news prices have been up a little bit. So it’s been really interesting. [00:24:11][138.2]
Michael Tanner: [00:24:12] Stu, the only other thing I saw is CEO and president Herbert S Vogel of SM energy has announced planned retirement at the end of Q2, 2026. He intends to remain a member of the board of the company until a next meeting. He resigns as president. They have announced in conjunction with that, Elizabeth McDonald has been appointed to the position of president. Her new title will be president and COO. She also is intended to be promoted to president and chief executive officer upon the official retirement of Mr. Vogel, Beth McDonald, as she is known on their website was pretty new to Sam. She actually joined at the end of, of 2024, she’s a long, long time pioneer employee and was one of the people that, you know, at that executive level during the merger with Exxon Mobil took a little bit of golden parachute, found herself initially working as the EVP of field development and planning. That was her. Final role at Pioneer before she rolled over. She’s an Texas A&M graduate, so we won’t hold that against her too much. She is a professional engineer licensed in Texas. But it remains to be seen. If you go look at the SM stock, really since 2023, it’s struggled. But really, since 2023 it’s up slightly. It’s trading in the $3 range right now. So it could be considered a little bit of a, I don’t want to say a cheaper stock, but more of a value play if you at this but you know I think SM has a decent position both in the Midland Basin and a little bit in the Delaware but I do think it’s going to be fascinating to see how this plays out but congratulations to SM and uh and Beth and we’ll see how it happens,. [00:25:49][97.2]
Michael Tanner: [00:25:50] Stu. Last show for the week we got a great couple weeks of podcasts coming up. What uh what should people be listen for on friday what’s what’s coming up on [00:25:57][7.5]
Stuart Turley: [00:25:57] what’s coming up on the docket. We’ve got coming up on the dock at Christie anatomic. She’s with the group over there from America freedom and the great folks there. It is a great podcast about Americans for prosperity, keeping to discuss Texas majority for wins in the SB two, which was a huge win. We also have Paul Oslander, CFP president of sea bridge with private wealth. We have Mikey Lucas American Energy Fund. Those are the three that are going to be rolling out in a row, but I’m interviewing Steve Hilton. And Georgia Harbor, we’re communicating back and forth on that as well for tomorrow. And then Monday I’m interviewing general Flynn. So we’ve got a total lineup. We’ve got several others already in there as well. [00:26:45][48.1]
Michael Tanner: [00:26:45] Yeah, I sat in on that interview you did with the Shalehaven guys. And man, I’m telling you, there’s some smart folks there. We love them and the general Flynn one is going to be great. So it’ll be great to watch. We are recording this to about, you know, four 15 on Wednesday. And before we started, we did hear the devastating news about Charlie Kirk, unfortunately passing away. So we just, we got to call that out before, you know, our thoughts and prayers go out to Mrs. Kirk and the family. I mean, they were there to see this. It’s just horrible. [00:27:12][27.6]
Stuart Turley: [00:27:13] It is absolutely devastating and liberals need to really have some introspect. This is also about our, our media and their antagonization and driving a lot of this going on. Mainstream media is just as fault for this horrific instant incident. And our prayers go out to the. [00:27:33][20.3]
Michael Tanner: [00:27:34] Yeah, absolutely. So unfortunately, end on a sad note, guys, but we wanted to make sure we at least called that out. Appreciate everybody checking us out here on the world’s greatest podcast, Energy Newsbeat. Stand up for Stuart Turley. I’m Michael Tanner. Hey guys, we’ll see you next week. Our weekly recaps on Friday. We’ll be back in the chair Monday. Thanks everyone. [00:27:34][0.0][1633.0]
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