Big Digital Energy

0:00 All right, so, so there was a rumor flowing around the office driven by, there's a lot of news coming out of, out of London, which is where Chuck would be across the pond.

0:13 There's some, some interesting rumors floating around that maybe to London based oil and gas companies are going to emerge. Now, what's funny about that rumor, I was like, oh, that's ridiculous,

0:27 but there is an article, it's actually an article. There's an article not about it, but there's an article in the Wall Street Journal that says, These oil giants don't seem tempted by merger

0:37 maniac. Shell and BP say they aren't feeling pressure to bulk up after ExxonMobil and Chevron's multi-billion dollar deal. Hey guys, I'm sorry to do this. I actually have a board call right now.

0:49 BD. Good seeing you. You got these three guys tonight. What the hell? What the hell? Are you going to be back? Was that B?

0:57 I'm not moving. like the missing man formation. What just happened? Chuck didn't. I had a board meeting. That's how good of a board member or or someone from London or someone's like, you better

1:10 stop talking about those rumors. He gets a, he gets a text from the. All right. Where's this article? It's like delete this podcast immediately. Where's this article? That was in Wall Street

1:18 Journal, but it was an actual article came from a high ranking consultant, which means they're probably trying to pitch a rumor to get those two companies to hire them is what I think it is. You

1:32 think that they're incentivized some consulting firm like, Oh, you should see. Yeah. People are talking about it on the street. Yeah. It's might get happened. I don't think,

1:44 I don't know, you know, the Exxon and Pioneer deal.

1:50 How long was that remembered for? I was like a rumor for a long time So I remember a one-on-one meeting with Scott Sheffield at an investor conference back in 2012.

2:01 up the subject 10 years ago. No, but those, but those decks have always been when, when Shellmott BG, it was the funny thing is that that acquisition has been sort of in the on the shelf for

2:14 decades as they were looking for the right price, right timing. You know, those, those consultants are always pitching great acquisition. Yeah. That's probably been a deck that's, you just

2:24 refresh every, every few months You know what's funny is when COVID first started happening at the beginning of 2020. Some of my former business partners were all McKinsey and they had like this

2:37 internal McKinsey call and as the first time I started hearing the term new normal and all it was was McKinsey talking about how this new normal is like, I can you guys not see that this is McKinsey

2:47 driven. They pitched and McKinsey sees fucking dollar signs for the new normal and how they're going to help companies transform into the new normal except nobody could be on site. Yeah, that's

2:58 right. The new normal actually just kind of looks like the old normal I shouldn't change, but I just thought it's funny. Like these consultants will drive a narrative around problems so that they

3:10 can charge to solve those problems. No doubt. Hey, by the way, we haven't been on air since Fuse. Incredible show. Yeah. We had a week break. I was just man. It's good. It was cold. Like,

3:23 uncanny. I don't think that's going to change Something about the floor sweating, if it drops under 70 degrees. Oh, I was in some of the inside. I was talking about outside. The inside's cold

3:35 too. I was freezing inside. I think we just had some, we also had some thermal dynamics going on here where it was like cold outside and made it even colder on the inside. Yeah. I was out there.

3:46 It goes out there. Look at those EV chargers. You're talking EV chargers. Yeah. I talk whatever as long as it, you know, I create value. Yeah drop and ask for you know where I'll plug it in.

3:54 The wrapper doesn't work.

3:59 on TV charging, bro, but I did see this is hilarious. I see a teslex running around town and their license plate says net zero. I laughed so hard when I saw that

4:15 net zero. I went on zero, not zero. I went on a rock with one of my friends. He's in the special forces and afterwards. He's like, you want to go to Panera. It's like, wait, that's what Bros

4:25 and the special forces do. We go

4:28 hit

4:30 a five mile rock and then hit Panera, Panera or what? Yeah.

4:38 I didn't have anything. And anyways, one of his friends met her up or met us up there and she has a Tesla and is parked outside. This is over at Los Nterra and her license plate on her Tesla says

4:49 no gas. And like, she's like so proud of it. And it took everything I had to like not go off in this Panera bread about the Like, I don't know, like when you get a Tesla is like mandatory that

5:01 you get a vanity license plate. I think it is mandated and I think there's a high percentage. Tesla must have seen a high percentage that tout the alleged hydrocarbon free aspect of the Tesla. Yeah,

5:17 for getting there. No, I love Teslas, but if I get one, oh, yeah, I'm not, I'm just having a normal license plate. And I'm definitely not going to have one that's like, dude, I guess, I'm

5:25 never driven a Tesla, but I had to drive one of your boys, Teslas, as we were getting the Teslas over to the charging infrastructure. Oh, yeah. And it had some like spaceship steering wheel. It

5:36 was kind of cool. Oh, yeah. It didn't have the round, round wheel. It was like a, like a joystick. With like an F one, like it did look like an F one. Yeah. Steering wheel. After your

5:46 frustration, they come like that. I don't know, dude. You know who, you know, who we're talking about. Everything he has is sort of like the coolest of the cool. Yeah His truck is even, he

5:51 has

5:57 like one of those trucks. Shelby the Shelby and you know the Shelby truck. Oh, yeah. Yeah, dude. It was it's like totally you couldn't get any more things on it

6:09 From Tesla net zero to Shelby truck. That's probably what two gallons. That's not Chuck. He's it's odd I don't know if you knew this about Chuck, but when I first met Chuck, he had two vehicles.

6:20 He had a Tesla X And an old Hummer H2 said it depended on which LPs he was with when you would drive

6:29 So anyway speaking of driving did you guys see this 18 wheeler? They got stolen in Houston A couple days ago the joy ride in the high speed chase Yes, so I'll have Jacob pull this up and show this

6:43 graphic someone tracked the helicopter That was chasing it. So you got flight record and it shows it like starting off in downtown Houston And then goes up to north side like through the heights then

6:53 comes down i 10 The first video I saw of it was right here outside of our office like 30 cop charge chasing it. I don't know if the suspension was shot or if they like blown some tires on this. Like

7:02 the truck's like bouncing up in town, like coming down I'd say. Had a bed on it? Or - Yeah, trailer. Had a trailer? Yeah, had a trailer. And anyways, he goes out to Katie. Like actually came

7:12 down into Katie not far from my house and came back up and lasted for hours and - Why don't they just stop in front of it? I don't understand why they weren't able to, you know, blow out the tires

7:24 and stop them. But yeah, anyways, that was the whole thing I'm surprised how they didn't see videos. Like it's been going viral all over the internet. I'm gonna watch it afterwards. Yeah. We

7:31 should post that too. Yeah, someone posted a video of the helicopter flight path and you can just see it chasing this truck all over town. They couldn't put out the, I guess they don't make the

7:42 strips that will - Yeah, I don't know. Panel at 18-wheeler. Yeah, so it's kind of, I mean, really. You have to do, well, all you have to do is take out the front tires of the actual truck.

7:51 You know, you don't gotta take out all - But maybe the trailer would like, you know - Jack Knive him. Jack Knive. And then they'd be yeah, but it was actually going like I saw videos of him like

8:01 going down the opposite Side of I 10 like cars that I can't pull over like big please chase come in the opposite way better be paying attention Yeah, that's it. You know some people a lot of people

8:12 on I 10 aren't paying attention. No, so yeah, but anyways, I was kind of It's kind of funny. I always appreciate when I see videos. I'm like, oh shit. That's right outside our Would the uh

8:22 would the auto drive feature recognize that?

8:26 I don't know net zero Net zero man The uh It'll be funny when we have autonomous trucks if we do I don't know if you'll be able to hijack them anymore. Did you all see the guy that stole the front

8:40 end loader out in Odessa? I did. That was pretty cool. Yeah, no, I miss that one. Oh, dude. How'd you miss this? We're gonna go down this Now that we're on the stop. We're gonna go down this

8:50 with like a few weeks ago out in midland in Odessa and it's in between There's this Wagner-Nol performance center. And I guess there's a Christian Pam playing. I think it's casting crowns or

9:01 something like that, and the guy couldn't get a ticket, and he goes and steals a front end fort, lift one of those big John Deere front end loaders, and just starts going on a joy ride and loaders.

9:10 Was he trying to break into the concert? I don't know what he was trying to do. I mean, I don't know if there's a lot of thought, but anyways, cops are just chasing them, see all these videos,

9:20 and all of a sudden, cops just on load on them, put like 160 bullets into the cab and kill his ass. Dude, they did that? Yeah, they shot him and killed him 'Cause he's like trying to, yeah, I

9:28 think, man, the articulation of a front end loader, like they can turn really quick. So he could like turn really quick and was like aiming it at cop cars and they're trying to like get away from

9:38 them. That would probably hurt. Anyways, they're just, my favorite was like, I posted the video on Twitter and the commentary. There's like a lady shooting the video and the guy that's next to

9:49 her is just very well versed on front end loaders. That's like, Midland Odessa's like the only place where he has some - Find the street or the mountain street, yeah. He's like, what they need to

9:58 do is take the car and put it in the middle of - And he was right, like if you hit it, like in the middle of the front of the motor - How many guys can drive front loaders per capita in Midland?

10:06 Probably there's more people that can drive front loaders in Midland than everyone in Houston. I can. I can too, by the way. I don't know that. Well, you know what's funny is like, like at our,

10:15 it's like a fuse, like we have these - Like we have a gravel road. We have like these little telescoping forklifts and everyone like, I'll get on it, like you don't wanna drive a forklift, I'm

10:22 doing a fucking drove massive front end loaders loading eight inch drill collars on our rig. Like my team doesn't respect my blue collar pack. Dude, and I used to drive like bays and bells of hay

10:34 around and those things, like your tractor will flip and kill you if you're not smart. Now I used to take, I could get eight eight inch collars, drill collars on my forklift and then nine would

10:44 make me start doing wheelies on the front tires. So I'd always do that and like, be out there in the yard just like ass into the front. front and motor up in the air. You said I was cutting a

10:55 rebar on now. I drove a forklift too, but it was stuck in tubing or unloading tubing. Look at it, man. There's not a podcast in the world that has more forklift operators than big tissue. We

11:05 were cutting a rebar with a torch and they let the amateur do it. And I had the rebar too close to the fork blade and almost cut into it. It's like kind of grab it out of my hand.

11:18 What I love about is when I first compromised the integrity of the fork blade when you do a lift. And I'm sure this applies to all you guys. Like when I first got on a tractor and someone's like,

11:27 let me show you how to use it. I'm like, no, no, no, no, I got this. I want to hit every button, every little, you know, like joy stick. I want to do it myself and figure it out. You ever

11:37 drive an airboat? No, it goes opposite, right? It's kind of an opposite. Yeah, you got two handles. Yeah, and there are no brakes. Oh man. No brakes and no reverse. I've never driven an

11:47 airboat. We should do that as a trip sometime Love your sight. Love your sight.

11:51 on the air book. So

11:54 yeah, people kill each other in jets are on jet skis is because it doesn't stop. And you know, you head out your friend. I've done that in college. I had my friend and I was gonna like power turn.

12:06 I decided just to cut the gas. I mean,

12:09 right into his back. He was, boom, I lost him and I, man. No laughing about it. His friends paralyzed it. No, if he was paralyzed, I wouldn't laugh about it. But it was funny when he got out

12:19 of the water and he got back on this jet ski. I was like, sorry bro. All right, there's energy news in here somewhere.

12:27 Well. Well, everything we've talked about runs a well. So let me first do a plug. Well, I love about energy. You can tie it back to energy. I wanna do a plug for Collide Pro because we were on

12:38 the show two weeks ago talking about our

12:44 prognostications on oil prices at the end of the year. And a one of our, fans listeners told me over the weekend that we actually did this at the beginning of the year, and we should have pulled up

12:55 the data from the beginning of the year of what our guesses were of what oil prices would do at the end of the year. So why Clyde Pro is perfect for that, right? Yeah. Did you go search it? No,

13:07 not yet. Oh, you put me on a spot like I got to do it. He's not instrument rated yet. I know how to do a front loader, but let me get on Clyde Pro and get that thing. No, we'll find it. No.

13:17 Yeah, we made those predictions, but we haven't kept up with them. So we should go look it up. You know what's funny? I was trying to figure out the name of this nut because me and Nudge.

13:27 There's a guy in views. That was a nut, man. Yeah. He knows who he is. He's probably a listener. We won't talk about it. We won't talk about it. Let's not

13:35 time travel. Um, we uh, but you know, last year's, she's me and Chuck did this like long 12 hour telethon before fuse. Like we literally sat in the recording studio for 12 hours. Just live

13:48 Anyways, we ate crickets and we ate these. Like the world's hottest nut, which is called a death nut, but I couldn't remember the name of the nut. It's a nut that's hot. Yeah, and I couldn't

13:57 remember the name of the nut. And so I got on glide pro and I searched nut and boom, brought it up, like two seconds. It was a go, it's death nuts. All right, I'm gonna get it. The moment you

14:05 were saying it within 12 hours of video. Yeah. You were able to go right to that. Yeah, right to that. So we could go back. So we go on, we can go on glide pro right now and I can look up big

14:17 digital energy Well, prediction and pull, it'll pull it up. Maybe I'll do a demo of that later and show it. But yeah, I remember we made all of our predictions, but I have no idea. I remember

14:27 what we said. So it'll be interesting. Well, there's an easy way to go. But they're all back together. I don't think anything's changed though, so. And the good news is I'm talking to some,

14:40 people after fuse have been reaching out, wanting to sponsor our show, because it collide in what we're talking about. We might even have more data. It was funny to me at Fuse, I was sitting

14:50 there with Kurt. Let's happen like two or three times I'm sitting there and someone walk up to me and I know him and we start talking and Kurt's like, Yeah, I'm Kurt. And I'm like, Yeah, I know,

14:57 I'll watch your show. And Kurt's just like his face. Every time someone said that, he was like, Oh shit, people actually do

15:06 listen to this. He's like, I gotta watch with it. And I'm not as like threatening. Like Mark's this tall, big dude that people are scared of. So they would go to me. Dude, I meant to get a

15:14 picture I had Mark and Brett Pennington in the same room together and they look like, it's not like they look a lot alike, but they just look similar 'cause they're both the same like height.

15:28 Both white dudes with gray like goatees and so y'all can pass for each other. Actually someone had an opportune, we were doing the speaking thing, me and Brett. And someone walked up to me and

15:38 they're like, Man, I thought that was Mark Meyer up there.

15:42 We should get him to come sub in for you someday for BDE and see if anyone. to see if anyone notices, but anyways, I did see some interesting stuff happening down in Panama. I didn't have even

15:52 seen, this is what's crazy about the internet is, I didn't even see this on the news, I've just seen this from a friend that I followed for a long time on Twitter and he lives down in Panama, but

16:01 anyways, big protests happening down there, protesting a copper mine and I say big protests. I mean, he makes it sound like the country shut down, like can't drive anywhere, you can't get

16:15 anywhere I mean, it's a national thing

16:18 and so big deal, but then he had posted,

16:22 he said that black market, 91 gasoline in the cherry-queep province of Panama is going for 13 a gallon, which is crazy. What the fuck is Chuck doing behind me? Darkening. I mean, clearly Chuck

16:38 gave so much advice on this board call, he's back. Check's on a board call for 10 minutes, and I - Shouldn't you be on BBU

16:47 right now? We're gonna go back to do your podcast check. So we gotta check back with us. But yeah, so apparently 13 a gallon for black market gasoline there, which kind of implies that there's a

16:55 gasoline shortage, and I tweeted out that we really take it for granted in the United States being able to not only have affordable gasoline, but just readily available access to gasoline as well.

17:06 And this is right on the cusp of, I don't know if you've seen the IEA has another, what's next, whatever you want to call it, report focusing on Latin America and the energy transition with

17:20 respect to the

17:24 overall kind of net zero platform they've used for the last couple of years now. So be interesting to see. You know what's interesting about Latin America in quote unquote energy transition is that

17:37 there's so many, you know, two stroke gasoline. Bicy dudes down there. Yep. And that's such an easy thing to electrify, right? I mean, something like these, you know, it's funny because even

17:50 like people I know that are like super anti EVs, they have electric bikes. Like everyone loves them. They're fun as hell to ride around. And so I could see and these little two stroke four stroke

18:02 motors are actually terrible when it comes to missions emissions. And so I actually think that that's a pretty interesting aspect of energy transition is replacing all these gasoline powered bicycles.

18:14 So you guys step back and take a look at the at the grid and reliability in those also true places. So yeah, yeah,

18:23 you know, it's like we'd interviewed someone down in Latin America a couple weeks ago. And after we got off the call, I told Sydney, I was like, Hey, did you notice how all the lights were off?

18:34 It's like they don't have power right now. And then, like, right there, I was like, that's. How much we take take it for granted of being able to turn on the lights and I mean, it's an amazing

18:44 engineering Achievement that we can have power running in the United States 998 percent of the time. Yeah, and we're pissed off about the point two percent Yeah, I think of a right. Yeah. No,

18:57 it's it's an amazing achievement with all these moving pieces To have a consistent current is unbelievable. Yeah, yeah, it's funny Like everyone just likes to shit on earth cut and utilities, but

19:09 if you actually think about it It's pretty amazing. Yeah, what we have here and the other thing about our cut as I always say It's a leading indicator. It happens two years early on our cop versus

19:20 all the other reason. Yeah, so me so Coming at you. Yeah, John Arnold spoke at fuse and had some really interesting slides in his presentation

19:33 You know, just kind of highlighting, you know, what they're doing with GridUnite, it is. building transmission lines that cross the seams of the different parts of the country. And anyways,

19:45 it's interesting to see like, get one that laid out. Hey, you know, this is where the majority of solar power comes from, wind power. These are how the the grid is segmented across the United

19:58 States. This is where all the power plants are. But you start, I mean, there's just a lot of moving parts and getting all of that to communicate is, I mean, a feat in itself, so. 'Cause I had

20:09 Campbell Faulkner on Chuck Job. And we talked about interconnecting ERCOT to the East and to the West. And his take was just engineering wise. It's too difficult to challenge, too costly a

20:24 challenge to be worth it. So I'd love to be able to get Campbell and John Arnold, who's brilliant and all that good stuff, to actually have a discussion about it just to see. 'Cause I'm, you know,

20:36 20 minutes at Fuse with John Arnold. And I'm sure he's dug into the cost, the engineering requirements and all. And so I think that'd be fascinating. 'Cause I think what he was saying is, we need

20:47 to go outside the grid. Wouldn't he basically saying that? That I'm gonna connect solar here or over here directly without necessarily interconnected. But he didn't get that granular just 'cause he

20:58 didn't have the time. Yeah, I think what he was getting at too is, you know, he had that pricing map that showed like hot spots of Which we can pull that up into the show, right? Yeah, yeah,

21:08 we had that presentation. So Jacob can pull up these slides, but yeah, he had this one that was a pricing slide that showed price among these transmission lines compared to, you know, the

21:21 normalized price across the US. And there's very clearly some places where energy transmission is just, the cost of energy is more expensive due to lack of transmission like sounds it so And. we're

21:33 good united. They're trying to go in there with like, four or five projects to enter, I think it's interconnecting across the scenes of these. 'Cause solar price goes negative in

21:44 California, potentially at some points during the day, that'd be great to have at nighttime and then - It takes time to win. Yeah, and when picks up at night in Texas. Yeah, so that's a pretty

21:57 interesting aspect of it in terms of transmission. But yeah, this whole thing with

22:05 what's happening in Panama, I think it's interesting 'cause a couple of weeks ago we were talking about copper. Shortages. Actually, someone had like a trivia question on it, right? Was that you?

22:15 That was made up. Yeah, yeah. You don't yield it. Mark, you can get nothing to pass Mark. No, Mark, I was over here again. I think I guess like Lishim or something. When the air was stock

22:24 received from across the pond, whenever they're in town, they're like, where's the smart one on the BD show? Where's Mark?

22:34 Where's Mark? like that. You know it's even worse about this I get that like mark smarter than I am so I can I can live with that Kirk you got questioned on your fashions sounds being worse than

22:48 mark Right. I mean that mark outshined you fashion watch that hurt And then I went and did a wardrobe change and that person that questioned me Left before I could be like look at me now. He's semi

23:04 pictures. I'll make sure she's I sent this I came up with this you know idea for this copper shortage and I shipped it on twitter And I was actually a little disappointed it only got 50 likes on

23:13 twitter but Yeah, I said I designed a solution to solve america's copper shortage We'll just launch Oklahoma methods in a china for covert stripping operations and

23:24 I'll have Jacob put this up on the on the video but Yeah, and can we get the cage and I went I meant to can we get the cage and navy to pick him up and bring him back? Yes. Yeah. We have a whole

23:36 operation here. You know what's funny is I used Dolly to generate that image and I was like, I need a military truck shooting missiles, but instead of missiles, it's Oklahoma methods and I refuse

23:47 to do it because I said I was being derogatory to a group of people and so the way I got around it was I need a military truck shooting missiles, but instead of missiles, it's cowboys with no teeth

23:57 from Oklahoma.

23:59 That's how I generated it. So yeah, a little disappointed. Well, I mean, speaking of cowboys with teeth though, Oklahoma State, the battle of Bedlam. That was a big win. It was a good

24:10 transition. Yeah. I didn't shout out to Wampum. Yeah, I saw a saw a local home of boys on Twitter talking about it, but I didn't get to watch it. So one of my favorite, uh, Boone Pickens

24:23 stories is a buddy of mine hung out with Boone one day and it was a Saturday. football game in Oklahoma, and it was a big win. And I forget what this is 10, 15 years ago, but whatever the big win

24:38 was back there, they beat Oklahoma, whoever. So my buddy could barely keep up with Boone, and Boone was, you know, 80 at the time, barely keep up with him, did all this. At the end of the

24:50 night, you know, it's whatever, it's midnight, he's walking out onto the stadium, and my buddy's with him, and my buddy goes, you know, this was a big day for you, this was great, and he

25:01 goes, it ain't over. He sees a football, picks it up, sprints 100 yards to the other end zone, and spiked the ball. And that's how Boone celebrated the big one. You know, my favorite Boone

25:12 Pickens story, now that we're on this topic, did y'all ever see that Boone Pickens and Drake conversation on Twitter? Oh, no, no, no. That was the best. That was gross. That was gross. So

25:19 back in 2012, Drake, he tweets out, The first million is the hardest. And T. Boone replies to him, says the first billion is a hell of a lot harder. And Drizzy comes back and says, Boom

25:31 Pickens just done it on me.

25:36 I got one last boom picket story while we're here. So, you know, Boone was married, what, four or five times. You know, so obviously went through multiple divorces. Supposedly, if you were

25:48 going through a divorce and you were in Boone's circle, he would call you up and say, all right, Chuck, you're going through a divorce, get your pen and your piece of paper out. And he would

25:56 write down the playbook of what you did He would consult you. Then you do this, then you do that. Then you do that. By the way, transfer the money here as soon as you can. He had the whole thing.

26:05 How many times did he've been divorced? I mean, I guess enough to go for a year or four and have to be better about it. I was to have a playbook to have a playbook and be pissed off and willing to

26:14 share it. Yeah, that's hilarious. Dude, good, good, uh, just just transitioning. Good story here. I'm looking at Toby Rice's face, his mug on the Toby Rice's face on financial times, but

26:26 top US gas producers is pipeline. lights and danger industrial world. So he's bombasting the movement to cancel energy infrastructure. And what he said was he's the article goes on to talk about

26:38 how pipeline construction has just basically gone to zero. Yeah. And that's the biggest threat. The US energy independence and security, but talking about how, you know, he's the biggest gas

26:52 producer and his gas assets are stranded if they can get more pipelines up So like, like pre you two guys coming on BDE, Colin and I actually talked about this one of the most

27:05 influential things that happened in the energy business that's underreported. Biden came in, Biden got to nominate for the swing vote on the FERC, a Democrat, and they changed the rules for that

27:20 had been in place for call 25 years for approving projects to now they had to consider climate change. and it wasn't a relative consideration. You couldn't say, hey, if this pipeline's gonna make

27:33 it 73 better than the old leaky pipeline we're replacing, that was not the standard. It was not relative, it was absolute. So if you could look at a pipeline and said there's. 001 of a leak of

27:48 methane, we can deny that pipeline. Yeah, that was a big freaking deal that we're now seeing, repercussions from this and, you know, back in the day. It was like, uh, this is no big deal,

27:59 blah, blah, blah. Yeah, it's a big deal. No, it's a big deal. Since 2016, four pipelines that have run maybe connecting EQT's gas field, so the rest of the US. have been canceled. Yeah. In

28:09 East, Constitution, Atlantic Coast, and Northeast Direct. But you know what's crazy? It's not even just oil and gas pipelines. Like I saw Safari Club had protested, just shut down a pipeline,

28:22 and I want to say it was tall grass, but I can't remember. But it was a CO2 pipeline for CO2 sequestration and the operator of the pipelines, like we're not even an oil pipeline or that

28:37 controversial EOR. Don't you comment on a couple of weeks ago. What was that? Oh, yeah, that was a lady from Washington Post. Washington Post. Yeah. What is she? Man.

28:49 We've only been injecting. We'll figure it out right now. Yeah, I wish I would. Yeah. See, I got to scroll through my Twitter feed This is archaic as hell. Yeah. So this lady from Washington

28:59 Post writes this piece about how oh, here it is right here. Shannon Osaka from Washington Post in the headline of this says companies capture a lot of CO2. Most of it's going in a new oil. And the

29:16 subheader is the government is still funding the controversial practice of the enhanced oil recovery Anyways, I know this lady had a like, she'd posted this like. four days before I retweeted it

29:29 and it had like no likes or anything. And then I retweeted it and she just kind of started getting first, first commercial skill, CO2 flood. Yeah. Where? And she, where was it? 72. Thank you.

29:42 Suckrock. Yeah. Oh, yeah. 72. Scurry. Yeah. And her tweet said, I'll also take things that made Kinder Morgan for 500, please.

29:51 She said in her tweet, oil and gas companies are capturing an estimated 18 million metric tons of CO2 every year in the US. But most of it's still going in a new oil. I don't think she knows what

30:02 that actually means. Like oil and gas companies are capturing an estimated 18 million metric. Not new oil. It's just oil that was immobile and then you mobilized it.

30:12 But she'd also like in the article put like,

30:16 I don't know, like something around drilling, drilling oil and it's like this, you don't use CO2 or EOR the drilling. Yeah, I mean, the purposes of CO2 for enhanced recovery, you know, it just

30:30 goes to show you that

30:34 the mission or the narrative has changed

30:38 from mitigating emissions to keep it in the ground, right? Yeah. Did you see my follow-up tweet to that? Yeah. So I was looking, I was trying to find somewhere in Houston that has a dex of body

30:52 scanner, so I can go get a dex of scan And anyways, there's this

30:58 health clinic down the road. Anyways, I was just like looking on their website, and one of their services that they're promoting is CO2 lift vaginal rejuvenation. Whoa. And using CO2 injections

31:11 for,

31:14 I mean, you can go do your own research, but it's, as I did CO2 injection schemes or, It's almost not shame carbon credits on the back of that they're messing up I

31:27 mean, what's interesting though? We're talking about this. I was told that's like that 18 wheeler driving the wrong way on the Katy Freeway right there I was told no uncertain terms that I should

31:36 not comment on such stories

31:41 You've been hanging around the good people Chuck what's weird though? It's a good thing that London showed up on Southwest flight Routes, right? Yes has to be right otherwise you wouldn't go

31:56 Interesting though is we've got this you know pipeline mania. You've got Toby on one side this side of the punk complaining, but on the other side Rishi Sunak is about to unveil that the North Sea

32:10 is moving to an annual oil and gas licensing bill So he's making it easier for UK based firms to actually drill get drilling permits in the North Sea This is, I mean, it's definitely political in

32:25 the UK, ahead of the UK general election, but that's actually interesting that the UK is moving more to make it easier for drilling from it. Well, it comes under, I think the theme of barrels

32:39 produced domestically are going to be cleaner. Have a lower carbon footprint. We make that same argument for Canada versus Venezuela, barrels in the US, have a lower carbon footprint than other

32:52 less savory places in the world. So, I think using that as - As well as their point, 'cause the new prime minister has been talking about this is a burden on poor people by making hydrocarbons more

33:06 expensive. He's made that point several times. Well, you're going to economics, he's going to - Yeah. To climb it, and question is, does that mean And you can put net zero on your Raptor

33:22 I'm going to go steal that license plate and put it on put on Mark's car, but there have been other license plates Pasted on over you just do what everyone else doesn't just buy. I do have I'm going

33:35 to get it said Like don't actually mean anything and then claim being at zero using a theorem I'm gonna buy some carbon credits on a theorem, but I mean if you look at if you look at North Sea

33:45 production There

33:48 is a noticeable difference between UK North Sea and Norway and Norway. Yeah, and it's all policy driven, right? It's not it's not rock driven. So yeah, that's interesting now to see that you

34:03 know, he's had those comments and now Essentially removing some of the friction for drilling There's a fresh there's other question that but All right, did I make you mad by cutting you off mark?

34:15 I'm sorry. No Okay, just check it on. He's just made you came back from your board meeting somewhere. I'm just worried about your other directors who might be looking for your wisdom.

34:29 I said one. They're set up for failure if they're looking for wisdom from them in the first place. Wow. That's brutal. We

34:38 have anything else on the on the shows, kind of slow. Well, another article will hit this weekend about YL again, my boy, while at Shell, he's backing a leader off. Shell's

34:49 got to hate Kirk, being on this show. We've talked about Shell. We were talking about Shell way too much, but it's an interesting guy in the hammock. Oh, yeah, we could talk. Our guy, yeah,

34:57 I was playing 40 chess. He's leaking things in Kirk. So

35:03 let's talk in ExxonMobil. We've talked Chevron. We've talked in Independence. We've talked, well, we don't really talk BP all that often. We don't talk too tall as much as we should, but

35:12 Shell's interesting because they're sort of the European bellwether that's trying to make their way back to the US. And their stock price is actually trading near high. So interesting, Wiles is

35:26 cleaning ship over there and he's actually reducing their budget for clean things but focusing those clean investments towards things that they can do well. Such as like

35:41 they're one of the largest in transportation so they're gonna invest 'cause they move more things around the world on the ocean than just about anybody else. They're focused on carbon capture,

35:52 things that are in their wheelhouse versus running a retail shop in the

35:57 UK which they're selling or sown in which they bought the home storage, battery company in Germany, they're gonna sell that. It sounds like he's just trying to write the ship and put it on a path

36:08 for being lean because he's really needing to catch up to the US-based playing chess or tic-tac-toe. Yeah, and he also said, though, that in response to our discussion, I'm sure, which he heard

36:24 about conjecture as to what Shell wanted, was going to have to do in response to Chevron and Exxon doing. Yeah. And just for the record - Watershed deals - I don't think he actually listens to our

36:36 show. He has, from my sources, he does get an update on what every show is summary of the show That's your Sunday night call. If he's gonna do that, can I say one thing to him? Please do not

36:50 enter the United States by paying people to carry. I mean, come on. I mean, good grief. You can just go buy something. Oh, buy something. Dude, he lived in Houston, man. He rolls, bro. So

37:03 you mentioned the word leaning or the term leaning up. What does that mean overall?

37:11 That means he's reducing the budget or. They had an annual budget target for sort of what was used to called new energies. I think he's gonna be cut. He moved new energies under downstream, which

37:26 seems to make sense to me. I'm sure it pisses off a lot of people inside the company, but I think he's trying to put the company in a position that's great for dividends. And actually they just

37:37 announced again some more buyback. So to sound to me, he's trying to be capital discipline Leaning up is producing budget. I like leaning, reducing staff. That's true. They aren't like leaning,

37:51 meaning got it. Okay. Reducing budget, which also means people. I was trying to be like. And just one comparative in that regard, Exxon's

37:60 almost 2X market cap. Yeah. With 62, 000 employees and Shell has 90, 000. I mean, bro, they had me on the payroll And I, I was famous Kirk quote I recall from a podcast. with Colin and Jake

38:16 was talking about your shell experience.

38:21 And what was the quote? The quote was, I'm not sure the culture can survive me. Oh God, that's awesome. Go look that up on Clyde Pro real quick. Man, I was shit. Pull that clip. Delete,

38:34 delete.

38:36 All right, we did have one thing. But just to button this up, I do, in all seriousness, I think it points out a pretty stark contrast in the way the European majors have had to or have chosen to

38:50 approach transition and portfolio shift, right? BP was very early out paying big bonuses for

39:01 UK offshore win leases, for example, right? Shell had committed, I don't know what the total capital is to the renewable business, but those are much larger early stage. commitments, then Exxon

39:13 and Chevron did. And one of the things that Darren Woods, at least I think I heard in the Q and A was the way I interpreted is, we're going to let the markets develop in these areas before

39:25 committing, because if you go look at their low carbon businesses and the spend, right, and the focus of those, we're letting those markets develop to the point where we have, you know, some

39:37 clarity on returns. I mean, I met with, you know, I met with Exxon multiple times when I was at Shell, because we were like, hey, get in the venture business, because it's a great way to lose

39:45 money. And they all look to me, and they're very smart. Like, we have scouts, we're going to look at stuff, we're going to do projects with technology, if it makes sense for us. But I think

39:58 Exxon's just being very cautious and cop and very smart with the capital. I'm going to say it. Yeah, I mean, you look at drilling in the Permian base and Exxon very late to the game.

40:15 let the independents figure out how to horizontally frack it. All that sort of stuff. Yeah. Well, they didn't buy one in what, 2010? Yeah,

40:22 about 26 billion. Well, that's true. That's the downside of watching for too long. Yeah, but that's what Max on has. They have a lot of capital. Yeah. Yeah. They can't, they can wait. Yeah.

40:37 Yeah. All right, hey, real quick, music front.

40:42 David Lee Roth and John Five, John Five, the new guitar player for Motley Crue, got his start being part of David Lee Roth's band. They recorded a ton of music together back in like 2006, 2007.

41:01 And it's kind of just been in the vault ever since 'cause David Lee Roth was writing for New Van Halen stuff, writing solo stuff, all that. trickle out, there've been a couple of the songs

41:13 released. They released one this weekend and

41:20 the lyrics to the song are, I want the shit that killed Elvis. Let's talk about all this partying and all this great stuff. It's awesome. So go look that up. David Lee Roth, I want the shit that

41:32 killed us. And let's also send a link on the show. There we go, perfect. In the realm of music in the NFL, there was a great meme I saw this morning, and it was Travis Kelsey and Taylor Swift

41:43 walking hand-in-hand, and the caption was, Taylor Swift taking her new album out for a walk.

41:52 That's funny. Classic. All right guys, well, it was good to pick the show back up after Fuse, appreciate everyone tuning in and listening in this week. Anything important to remind people of? I

42:04 don't think so, huh? Tune in, tune it in, share, yeah, I told the story about. be surprised that people are walking up to my fuse and being like, I'll watch your show. And Kirk's like, I

42:16 didn't think anyone actually fucking watched this thing. So, appreciate y'all sharing the show. We will catch y'all next week.