Big Digital Energy

0:00 Bum, bum, bum, bum. We need some more theme music to be back. We do a music expensive, though. Why don't we have Mark or one of you guys? Like you have so many friends that are like famous

0:12 musicians. Why don't you have one of those make us something? The, you could get that done this weekend. In fact, we have two choices. There we go. We do have two choices. What are the two?

0:22 So let's just go with the name drop. Potentially Friday and Austin I'm going to hang with Steve Droves of the flaming lips. And of course you are. He and I grew up together. And then Saturday

0:36 gonna head to Shiner, Texas to see Lindsey L play. Oh, sweet. Okay. I don't, I was trying to think.

0:44 Okay. I've seen Lindsey play since the crawfish boil. The digital Wildcatters crawfish boil in the spring of '21. Freaking awesome. He said that was the first corn hole tournament she'd ever

0:56 played in her car. But she did.

1:01 a consistent corn holler. Is that what you call them? What do you call them, Chuck? That's a good question. I have no idea. Are you a corn holler? I'm not washers. Washers and horseshoes. Is

1:13 that it? Okay. Perfect. All right. I

1:17 guess we're going to like talk oil again. It's like this is our weekly thing. Yeah, let's do it. So go back two weeks. I said oil is fairly valued. It's going to go down and all that. And what

1:28 has it done since? Don't know. It's gone up. We actually made bets on it. Yeah. So I lost. Yeah, I got a losing. Again. Got a little B12 shot from the People's Bank of China yesterday last

1:45 night. So fiscal stimulus signaled a couple of things, one potential for a 25 to 50-bip rate cut and also lowering reserve requirements for banks which I think I we recall correctly is freeing

2:02 upwards of150 billion

2:04 of

2:06 credit for

2:09 consumers and businesses, but

2:13 the author of Commodity Context, which I got wrong last week for Rory Johnson, just tweeted out, give me good old fashioned construction demand to drive diesel demand, not fiscal stimulus 'cause

2:29 there's some analysts believe that there's going to be a pretty tepid demand response on the credit side from both businesses and consumers in China. So a bit of a tenuous positive, if you will,

2:45 for the overhang that has been Chinese demand on crude. Plus we got a couple of other things. There's another hurricane. Well, let's go back for a second. Number one, you're wearing pro-China

2:56 red hat today, which I appreciate.

3:00 China is the best in world at playing head fakes and making everyone think things are going great. What is this signal to you? Are they prepping for the long-term here or what do you think this is

3:12 really about? So it's the glass half full versus glass half empty. It appears to be a bit more maneuvering or threading the needle on trying to get back to a 5 growth target, which seems to be a

3:28 bit of a struggle which has been evident in the commentary and the analysis over the past few months, they're trying to arrest some of the deflationary trend that they've been on. It doesn't feel

3:42 like there's this fundamental pivot on industrial activity or construction activity is Rory. But the coal plants, the one or two a week are still like going strong. Yeah, I mean, so they're, I

3:57 mean, from an energy perspective, China's building. It's just you're talking about more consumer construction. Well, what does it mean relative to the demand side of oil demand and supply? And

4:09 we've talked about inventories being the fundamental indicator that don't really matter right now because there's all these external things going on,

4:20 not the least of which is US election, but structurally, whereas Chinese demand from

4:30 just their dominant share of oil demand growth over the last 15 years, is that materially cooling off? And that's the real fly in the ointment here as it relates to fundamentals So guys, I have the

4:45 solution for this. Next Monday, when we record BDE, we'll have Mark Rosano on is an expert on all things China. He's been saying since 21. The Chinese consumer is tapped out. They're over

5:02 levered. They don't have the money to spend. And so I think what he's gonna tell us is, great, make money cheaper in China. That's not gonna fix anything. So he's kind of the China bear. So we

5:15 basically set him up for this. Yeah, well, we teed him up for coming in and correcting us. Dude, what's over the hurricane? What's going on there?

5:25 What's the,

5:28 off the Yucatan Hurricane Alley, there's a track that I saw, and I guess it's to be named Helene, is projected to kind of cut a swath through the central gulf and projected landfall right now. And

5:42 I saw intensity estimates as high as category three, but right in that pocket where the Florida panhandle turns south into the Florida, And I mean, they're saying right now it's like not even a

5:56 gusting wind, but this is all going to happen in the next 48 hours, right? It's going to, it's going to hit a hurricane. For what it's worth. I heard some commentary on it. MLB radio about the

6:09 series that Atlanta is playing, I guess, starting today and maybe having to adjust that schedule because they're worried about

6:19 tropical storm effects in Atlanta All I know is I'm going to get there pretty quickly. I couldn't find it on the weather app that I use in terms of the track, but I heard from the, the Jewel

6:32 Melissa Etheridge tour that is currently in Tampa and potentially heading to a Clearwater that logistics are being looked at because of the various. Yeah, this one seems to have spun up pretty

6:45 quickly. All you have to do is follow my fellow surfers and they're heading, they're heading to the Texas coast. there's going to be some good surf. So I'm, I mean, we hope it, then we hope the

6:57 wind picks up from a surf perspective. Of course we don't hope that it doesn't any damage. The question is, is I was at the Astros game months ago when freaking every window in downtown was blown

7:10 out and that was just a little squall that came out of nowhere. So what's up, man? What was that? A derecho? What was it? I don't even know. Remember when like just a storm picked up and blew

7:22 windows out and now it was gone in like, you know, two hours and wrecked a few transmission line supports. Just a few, just about eight of them. That was the tornadic part of it. Eight out of

7:32 the 12 largest transmission lines were knocked down.

7:39 And I still, not that I'm rooting for this because I wish peace upon the world. I truly do, but I still just don't understand how Bombs going off and feeling like we're on the verge of World War

7:52 III in the Middle East is not causing something to happen in the oil markets. I mean, it used to be back in the day. I mean, that was a good10 bump right there if a bomb went off. Well, I think

8:06 this very recent escalation, the precision response from Israel, the Patriot attacks, et cetera, is My question, having a non-zero influence, but proportional to what we used to see, it's a

8:23 mirror blip. This is not getting off topic for a second, but like, how did they hide bombs and all these pagers and get them distributed? I mean, that's kind of logistically unbelievable when you

8:37 think about it. Yeah. So the numbers were big. Yeah. I mean, they created a company. that literally got into that business, right? Is that the, aren't those the words that are coming out?

8:50 Man. And yeah, I guess they intercepted a Hezbollah intelligence report on the statistics of numbers killed and injured and what types of injuries were inflicted. So, yeah, take that for what

9:06 it's worth, but it was pretty wide scale. Yeah So you think the current escalation in the region is already built into current oil prices? Well, I think the dominant effect has been clarity on

9:22 Chinese demand.

9:25 And if you look at the disconnect between what's going on physically within inventories and having crude have a big air pocket here recently

9:39 It's back to the fundamentals don't matter right now

9:45 So, I'll go back to saying since it's always the opposite of whatever I'll say, I'll say fairly valued, but heading down and we'll get a rally and crude so everybody can send me their Christmas

9:58 bonus and since I've caused this, the, and I guess we'll check in next week on oil too, speak them the week, every week to just talk about oil, but I saw something come across the, the, the

10:17 blotter yesterday. Why is Exxon being picked on again? What's happening there, Mark? No, the state of California or California AG has filed a lawsuit and it's basically claiming very similar to

10:33 the years and years of climate litigation that has been filed against Exxon. They knew more than they disclosed.

10:44 And this has to do primarily with Exxon, I believe is the largest producer of resins that go into making single-use plastics, for example. Yeah. But basically the contention is that they are

11:01 overstating the impact of recycling. They're paralysis, technology and conventional recycling in that overstating the positive impact or negative. Yeah, and so the process, whatever it is, has

11:20 been admittedly slow to develop and commercialize, but I think

11:29 there's a broader view that

11:34 there's a disconnect between what Exxon, at least what the contention is, there's a disconnect between what Exxon has been saying, the impact is going to be versus what's actually happened. And so,

11:45 you know, just another front of litigation, and this is really leading up to, I don't know what the timeline is here, but there's a building negotiation and negotiation over a global plastics

11:60 treaty. We've talked about plastics before as being, you know, really a, Yeah, that's actually really bad. A pollution issue that I think everybody can get on board with. Yeah, everybody could

12:10 spend money and, hey, Philippines, cut that shit out I mean, having traveled the world looking at paralysis technologies, I can tell you it's a fucking bad process. I mean, all you do is you

12:20 take plastics and you heat it up and try to melt it down and do stuff. But the problem is when you get trash, it has other shit like metal in it. And when you put that metal inside of one of these

12:33 paralysis machines, it breaks the machine. So it's a real ugly process. But it's not really the United States, it's the problem, it's the third world countries that. Just dump. plastics into

12:44 the rivers and the oceans. I mean, that's the real issue that no one wants to talk about. It's like, when you look at the famous photo, the giant plastic island that's in the Pacific and the vast

12:57 majority of contribution by group of countries is from Southeast Asia. Absolutely. I think Philippines being the largest contributor. Philippines is like the big one, and then there's supposedly,

13:09 what is it? Seven rivers in China that people just throw their trash and the rivers feed. So you've got China, that's a big problem. India is a little bit of a problem. Big problem, actually.

13:21 But here's my question, the AG of California, I mean, he's trying to fight the good fight, but at the same time, they're sort of gearing up to be the next Hindenburg storage facility. I mean,

13:33 so,

13:36 so I just read, what's happening there? that they're, they're. Well, I, it caught my attention because John Arnold put out a tweet, and he said presented without comment, so basically there's

13:52 an approval for the construction of a hydrogen hub in Port Stockton in Northern California.

14:01 I think that approval is fairly recent, maybe three weeks ago

14:06 On the span of 21 days, there's

14:11 a non-profit law organization who's filed complaint on behalf of the Center for Biological Diversity in the Sierra Club, of course, to block it. The crux issue is that

14:27 it's dirty hydrogen, and so it's dirty hydrogen It's a company out of New Mexico as the project sponsor, Beotec, and you read down in the article and lo and behold, they're using steam reforming.

14:43 Yeah, it's the greatest hydrogen process. Well, it's been around for a long time. Most commercially valuable, et cetera, and lowest cost. So there's all related to mostly local community

14:56 impacts. I think the facility is going to be anywhere from 4, 600 to 7, 200 feet from residences in an elementary school. And so the

15:10 follow up comment was, comment was that he replied to his own tweet, was something to the effect of

15:21 raising the notion, again, of energy permitting reform. This is another anecdote where you've got, you know, a major hurdle from an approval standpoint and permitting approval to get something

15:31 done that is ostensibly certainly in the renewables or cleaner bucket of what we're trying to do with transition in the IRA But.

15:43 you've got, you know, you've got on the ground, local opposition,

15:49 environmental opposition groups, which make it very difficult to actually get these projects done and on the ground and operating within any, within any retail - So regulators push through another -

16:04 Just another in the process quickly because it looks good. When I think hydrogen, I think Hindenburg, and when I think Hindenburg, I think, good to your blab, do y'all know what happened to the

16:15 good to your blabs? Y'all remember the story? Yeah, there used to be one up. Congress. I know. You can drive by, every time I drive North. Do you know who bought those? Yeah. You know the

16:25 guy that sort of formed like the Backstreet Boys, the guy that went to prison? Oh yeah, the child molester boy. That guy. He bought all of the good to your blabs and set 'em on fire so he could

16:37 get insurance money so he could start the boy band gig. No way. Yeah, that's the story. So we'll confirm that. I want it that way. So we're gonna confirm that story because that's sort of where

16:49 we're leading. This hydrogen hub is just a red herring, but it could blow up on California. Well, you're fair to me. And literally. I've never, I've never dug into hydrogen. Aren't there

17:03 different colors of hydrogen? There's green, green, blue and brown. Yeah. And this is brown hydrogen, which is -

17:12 And that's a blue, so methane reformation is the oldest process, it's dirty. You've got blue, which is made from natural gas, so it's a little better. And that's actually what all these big

17:24 contracts in Middle East is they're actually producing blue hydrogen 'cause they have a lot of natural gas. And then you have green hydrogen,

17:36 which is made - And blue hydrogen, easier to transport, is that why you do that? No, just the same hydrogen, the end product's the same,

17:45 The

17:47 problem is you don't want to transport hydrogen. It's, it's, it's, I mean, they're really like, it's really hard to compress. So, so why, why would I make it on site if you could? Is there a

17:51 commercial demand for it? Why if I'm in the Middle East with all this gas, I'm not just building an LNG facility? Why would I turn it into hydrogen? 'Cause I think there's, I mean, whenever

18:02 there's a customer, there's a way, right? So I think there's, there's people that are taking opportunistically the idea that if countries are gonna prefer hydrogen and clean hydrogen is gonna sell

18:14 at a higher price than brown. Our blue is higher than brown, greens higher than blue. There's gonna be people that are gonna take risk and trade on that. 'Cause as Bobby Tudor pointed out last

18:26 fall, the epicenter of hydrogen infrastructures right here in the Houston Gulf Coast area. So trying to get something, In effect, Greenfield did in California is just an interesting anecdote and

18:43 watching this story play out in terms of what kind of timeline delays we're ultimately going to be looking at. John's follow-up point was raising the issue of the energy permitting reform act, or at

18:58 least implying that. And so just stack that on top of the things like the Grain Belt Express transmission line in Illinois, among three states, shut that down. We talked about the Ambler Mine Road

19:13 in Alaska. So we've got to find a way, if we're actually going to get the stuff built, we've got to find a way to, in a somewhat trite way, streamline the permitting process. Now John did also

19:29 point out that credit to them in terms of the opposition They filed this thing a mere three weeks. So this is, this debate is being engaged pretty quickly. I'm the big libertarian and then, you

19:45 know, if you, if I got to choose a second thing then I'm a state's rights guy and all, but even I'm kind of getting to the point that, that I mean, if we want to seriously deal with energy type

19:53 issues, we've got to

20:02 have just some rules And let's put some rules in place and make these things happen, you know, because permitting is huge. I mean, it's gumming everything up. And at the end of the day, you're

20:16 just going to use the old stuff in place. Right. I want to go and speaking of the old stuff and the old processes, going back to Kurt's keyword, talking about paralysis, which is heat. Same

20:27 reforming requires a lot of heat, paralysis requires a lot of heat and thermal sources are best. at least today, and for the foreseeable future related to steam generation from things like methane,

20:44 coal,

20:49 And this is also on

20:53 the dimension of the tug-of-war between that type of Greenfield project and community prosperity and jobs opportunities as well. We're seeing that in the UK with the shutdown at the end of the month

21:06 of one of Tata's remaining blast furnaces at a big steel, multi-generational steel making facility in Wales.

21:20 Dogs and cats sleeping together. Mass hysteria, exactly. So

21:26 what happened at climate week? You can ask Lindsay. Yeah, she was there. She was there. She was there, she took picture with the Clintons. So Jacob, why don't you pull up Lindsay's Instagram

21:37 page? Lindsay L E L L. She was there, she spoke. She actually spoke, so I'll get the report on Saturday, but you can put a picture up with Lindsay with Hillary

21:51 and Bill, and I forget who else she took pictures with. Chelsea? Chelsea, there you go. Took some grief from it, you said. I didn't read the comments. You don't have to read very far down in

22:03 the comments to see the tone.

22:06 We'd call that a ratio. A ratio. So pending the, yeah, here's the picture with Bill.

22:17 I propose that you record a remote download that we can drop in to next week. Okay, I'll ask her what happened. Climate Week summary. I'm curious to know.

22:31 At the Clinton Global Initiative. Yeah, I will ask Lindsay for her download.

22:38 Awesome. So what's your take on it? So Climate Week is in New York It runs in parallel or concurrently with the UN General Assembly. Of course it does. And so it attracts that dynamic. Not quite

22:55 sure of the timing. I think President Biden speaks this afternoon or tonight. And one headline was, the chance to seal his climate legacy. My reality of it is and what I've gleaned from the things

23:12 that I've read so far because there seems to be a pretty significant. agenda focus on what came out of COP 28, which was the tripling of renewables by 2030. And, you know, currently 4 or I think

23:27 just under 4 of

23:30 the global installed base is quote unquote renewables. The target is around 11. And what the IA is is basically chimed in here and said leads to

23:44 kind of pace that we're on is is going to fall short and that will be about 8 of the

23:52 goal or 8 of the total by 2030. And the cross-current here from a political standpoint is you have, you know, the age old question is who's going to fund this stuff and it's really a debate or

24:08 across the

24:10 table conversation from developed world to developing world, you know, we fall in short of the a hundred billion a year climate pledge run rate,

24:20 guaranteed loans from developed world banks, low cost guaranteed loans to really push key developing countries into what I think is more or less a leapfrog in their kind of energy growth and

24:36 prosperity. I think it's, it just drives me nuts, like we're all in some ways imperialist at the end of the day, like we want our own sovereign nation to be as strong as possible. And I don't

24:50 want to handicap it to help someone else. However, most business guys and gals, like look at Mexico, like they leapfrog telecommunications by going to mobile because of the infrastructure. That's

25:04 going to happen. Energy policy will leapfrog in countries because it makes sense. And there's entrepreneurs out there saying, Hey, we have an opportunity here. But this whole idea of handicapping

25:15 stronger nations because we have a leg up, it's just total bullshit. Total bullshit. I mean, why would you hurt yourself to help someone else? You don't. And what is it? What do they tell you

25:26 in airplanes?

25:29 If there's a loss in cabin and pressure, what do you do?

25:33 Put your mask on first. Put your mask on first. Put your mask on first. So we need to put your mask on first policy. And I'm not talking COVID mask I'm talking oxygen mask. That's the policy. We

25:46 need to be hammering down. And that's, I just think this is crazy stuff. I know it's politics. So everyone acts as if it's really a big deal. But I've never seen anyone generally, besides some

25:57 other trees said there's a few people that are willing to self-sacrifice, but you don't do that to a sovereign nation. You wouldn't do it to your own child. You wouldn't say, hey, because Chuck

26:07 is, you know, Elle Gringo, I have a jet, I have got Teslas,

26:15 Every car imaginable, I've got houses, you would never go to your child's chuck and say, look, I'm gonna hurt your education to help someone that didn't have as good as you. You would never do

26:23 that. Yeah. You're gonna say, I wanna give you the best opportunity. And I hope I treat you well enough and love you well enough to love others. But you still need to put the mask on yourself.

26:34 Well, and I love that point and take it kind of one step further If you

26:42 truly are committed to doing that, you do it yourself. Absolutely. You don't go, I'm gonna use the threat of government and throwing people in jail to impose this upon everyone. I am gonna give

26:56 up my jet. I'm gonna give up my big house 'cause I believe in this. I believe that the oceans are rising, so I'm not gonna pay15 million for a house right there on the coast. You lead by example.

27:09 I mean, that's what all the great things do I can't give up the chat. Oh. because I'm important, I have to go places, man. That's the argument. It's like, no, no, you don't understand. I'm

27:19 more important. I already set up the example. Yeah, I gave up the jet, but it'll come back. We hope, we all hope it does for Instagram sake. Yeah, exactly. Oh my God, I told somebody the

27:31 other day, the world's just a much better place when I'm rich. 'Cause it just really is. So they, very benevolent, generous with the money. Awesome, there seems to also be, they had this

27:43 flurry of elation coming out of COP20A, they've got this agreement among 200 countries to triple renewables, but starting to maybe try to turn down the excitement on what's coming up at COP29,

28:00 which is gonna be an Azerbaijan, you know, clearly they don't have the infrastructure to handle what happened and do by. maybe

28:14 a sense of relief that, well, we got something done on paper in terms of an agreement, the actions of the hard part. So the pressure is going to be on, you know, to continue to coming from

28:27 climate week in the UN General Assembly meeting. I forget when COP 28 is, I think it's in February, February or March Did y'all ever read the real man's handbook? Nope. From the 70s. I'll see if

28:42 I can find copies of it. I wonder if it's still in print. It was real men don't eat quiche. That's where the line the line came from. And one of the

28:51 great things in there, the guy, this guy was a truck driver named Crush something or I can't crush. I can't remember what his name was. Crash Davis. But he was talking about all these things on

29:04 the on the planet and one of his things about the UN was aside from creating a marginally attractive holiday card, what is the UN. actually done?

29:16 There you go. Yeah, so the real kicker here is this grand vision has got an annual price tag associated with it that starts in the trillion, so. Of course. Those are meaningful members. And

29:33 what's the United States portion of that percentage wise? Probably higher than everyone else I know how this works. Similar to what we support NATO, maybe. There was a another great thing in the

29:47 real man's handbook. It had two guys that are obviously not American at the UN going, you know, it's always so great to come here and call them capitalist pigs and make them pay for the whole thing.

30:03 You know, as you all know, I just wrapped a, We shot at reality television show. last week, and a couple of our producers just moved to Texas from California. So I was curious, why did you move

30:18 here? Why did you move back to Texas? And their answer was because

30:27 burgers in California are19 and I can get a burger here for six or seven.

30:34 As I explored more about why do you think that is, it never got past that piece. There was never insight into why are burgers19

30:47 and they said this, because everyone wants to be in California. So that's interesting because most people, there's more people fleeing California than moving into California, total blank. Totally

31:01 like, don't understand, like you don't get it. Everyone wants to be in Hollywood and LA. It's like, sure, but they're all moving. You know, all things equal, would you choose California

31:12 weather or Texas weather? California is surfing. I, my skin would probably look like I was George Hamilton. I eat better probably. I mean, I'd pick California for sure. Plus the movie business.

31:24 Yeah. Cooler than the energy business. And I'm like energy loud, energy proud, but man, I'd much rather be. Hollywood, Hollywood fun, energy,

31:33 not fun. Yeah, exactly So

31:37 in a somewhat related, at least observation on the climate week and energy politics, I was doom scrolling early this morning and came across a video from USA factsorg, which is, I didn't know

31:55 about this is launched seven years ago Steve Balmer has a data and research arm that covers a pretty broad spectrum of issues climate energy to the economy, immigration, crime, etc. And they

32:14 source only publicly available official government data, okay, put a team of, you know, great analysts and researchers and

32:28 guys that do a really good job with visualization. So this piece that I saw was on really the fundamentals of energy supply and demand. And I thought it was very well done. I mean, here you've got,

32:40 depending on your rankings list, the seventh or tenth richest guy on the planet, whose peers are not at all hesitant to invoke

32:54 their particular politics and influence Very explicit about, look, our mission is to present the data, the best data we have available, most critically reviewed. And I thought it did a really

33:09 good job

33:11 from a generalist standpoint to break it down into supply, demand, and then the environment, in explaining things at a very basic level, but I also thought a very effective level in getting

33:29 people's attention to really understand the basics of the physics of supply and demand. So we'll attach both usafaxorg link

33:40 and then this 14-minute piece that Steve Palmer did. I haven't reviewed anything beyond that. But I think that's in all of this intersection of the physical realities of energy and energy policy and

33:56 just the sheer politics that we're seeing all over the place and the friction that is not helpful to anyone. You know, the basic.

34:07 absorption and

34:10 osmosis of learning some, some important facts about energy.

34:17 You know, the disclaimer, the tagline is, you know, we present the facts you decide. Sounds like an old Fox News tagline. But if

34:28 you write that down, so be careful. Yeah, we report you decide. Yeah, it was just, it's a surprise. You know, it kind of rolled my as well Here's another big tech legend out talking about

34:39 energy and the environment. And it's actually a pretty refreshing

34:44 alternative. And, you know, I was telling Chuck, most people don't. Well, we produce way more hydrocarbon oil and natural gas than we consume now as a country, yet we're still net importers.

34:60 Well, why is that? Well, we all know because there's distinctions grades accrued and refining complex and there's a whole value arbitrage globally in its global market, et cetera. But it

35:12 addresses that, I think, at a very understandable and consumable level. And those are the basic elements of getting the population and importantly, the electorate

35:28 more informed in terms of, okay, what works and what doesn't, you know, why are we doing things like saying, well, we're completely energy independent, but why are we exporting stuff? And why

35:39 are we still in that importer of things? Well, here's why. I tried to get, I applied to the press office to try to get our UK junior to come on Chuck Yates needs a job and didn't get it. But it

35:52 would be interesting not to embarrass the politicians, but just like, you know, go through kind of the rhetoric and just say, Hey, that's That's not exactly true. I get what you're saying, you

36:04 know.

36:05 And I think it's also healthy that the business we know so well, energy, if the politicians are that wrong about it, are they any more right about medical and the other stuff? Probably not. Well,

36:18 we ought to be healthy cynicism on all fronts. USAFactsorg also has a program that is agreed to in a bipartisan fashion and has been approved by the Congressional Ethics Committee that there is

36:36 training provided by

36:39 USAFactsorg on all these issues, presenting the data the way they do, and completely, nothing's completely apolitical, but in a basic data foundation, getting people educated on really the

36:56 underpinnings of the policy analysis that they're ultimately doing for all of our representatives, and

37:03 It's a good unfiltered way to get smarter about energy at a fundamental level for everybody. So Wednesday on Chuck Yates needed a job. I have Paul Clark on. We really got into the whole thing of

37:21 Natty and Nukes and my whole thing about the natural gas guys need to be talking to straight to big tech. Big tech, I think it's becoming even way more evident because he's just going to choose

37:34 Nukes. And you get into, well, permitting stuff, all this, and it's like, well, if big tech wants to get something, they usually get it. They've got a lot of money, they've got a lot of pull.

37:45 So it's actually a pretty fascinating episode. Sounds like we've got Mark Rosano joining us next Monday, which would be cool, he's great. And then I'll see if Lindsey will record something so we

37:56 can get her tech on climate. I mean, as you've seen, like the 14 biggest banks this week, all started supporting nuclear energy. So you're seeing some interesting things come out and it's sort of

38:09 almost a about face. So we need to unpack that as well next week. Sounds like we got a lot of great programming coming up. So I think if you're listening, stay tuned, got more coming, Chuck

38:23 Yates, he's a job. Or have we eclipsed Chuck Yates yet? Are we, I mean - You know what's interesting is Mark and I recorded last week BDE and we released it on both channels and BDE is actually

38:37 out downloading. Chuck Yates needs a job that I think that's the first time it's ever happened. Well, if RFK goes on, on Chuck Yates, I'm totally gonna download that episode. Nah, we couldn't

38:50 get him on. Reading his controversial book right now. Are you only two and a half chapters? Hopefully not the audio version I couldn't listen to him. do that for a long time. I mean, I think

39:02 he's a pretty charismatic dude, but to have the smoking hot reporter send you nudes all night long to the point you have to block her.

39:12 What? Oh, y'all haven't heard this? No. No. So, um, I'm blanking on it. Wait, wait, let's do this after the show. Let's wrap this thing up. What's our action for our listeners download

39:26 Chuck Yates next week. We got to talk about this. Yeah. Yeah. We've got to talk about this real quick on the show. Olivia Nuzzi, who is a really, really good looking reporter. And she wrote

39:41 for New York magazine. She did a profile on, uh, on RFK Jr. And she basically got suspended because she was having a relationship with RFK Jr. And it's turning out that the, the relationship was

39:58 sexting. and she was sending him nudes and all kinds of graphic stuff. And she was engaged to be married and

40:11 the fiance called off the wedding. Y'all haven't been following this? No. See, it sounds like you need to go on TMZ again. Yeah, seriously. Maybe she could hang out with Laura Loomer, who just

40:21 got banned from the Trump campaign. Yeah, the Trump plane. Allegedly. Allegedly But yeah,

40:29 no, so that's been the big thing. So, dude's got, you know, 70 year old, got a lot of charisma of the 31 year old sending all the needs. Wow. So there you go. Well, we're gonna have to

40:41 squeeze in Chuck's notes

40:44 from the

40:46 music tour, the mini music tour. Yeah, find yourself on this weekend. Yeah, so potentially the lips. So Jack Ingram is actually headlining the Shiner tour. So I'll see Lindsey in the last day.

40:58 Yeah, Jack for me. Watch Jack Ingram. Little bit of trivia, the reason I know Lindsey L. Is Jack Ingram's former tour manager, Jordan Powell, introduced me to Lindsey. And he was, Jordan was

41:13 Jack's tour manager, I think for eight or nine years. Not that you couldn't get that done by yourself Nah, you never know. Jack's cool, dude. I like Jack. Yeah, he's great. I've seen Jack, I

41:23 don't know. I'm probably golfing his brother. Oh, really? Yeah.

41:27 All right, guys. All righty. Good week. Good week. I'm a little sensitive. I'm a little sensitive. The comment's about two grumpy old men and their program got to me a little, but I want -

41:38 Program is the tell. Yes, exactly. If you enjoyed the show, please forward it to a friend, leave comments, but try to be nicer than that. You can make fun of Colin, but not me. I can handle

41:51 it, just send them, come on. There we go. See y'all next week.