04:13 – Swiss Government’s Contingency Plan
05:05 – The largest Tesla charging station in America and its power source
06:49 – Larry Fink’s comment about there being no energy transition and its impact on ESG investments
07:59 – Saudi Arabia’s Investment in Natural Gas
13:37 – Marketing of Electric Vehicles
19:53 – Impact on Insurance and Electric Vehicles
With 3 unique personalities, backgrounds, and one horrible team sense of humor, it makes for fun talks around the energy markets.
David Blackmon is a Forbes author and currently writes Energy Absurdities of the Day. He has several active podcasts with ….. His industry leadership is evident, but a dry, calm way of expressing himself adds a different twist.
R.T. Trevillon is the podcast host of The Crude Truth filmed in Fort Worth Texas and runs an oil and gas E&P company. Pecos Country Operating has been in business for ….years and has a constant commitment to all of their stakeholders and is actively working in this oil and gas market.
Stu Turley is the co-podcast host of the Energy News Beat Podcast. While Stu is a legend in his own mind, Theenergynewsbeat@substack.com
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Stuart Turley [00:00:14] Hello, everybody. Sure have that uncle who's kind of frightened everybody on a Christmas party when they say these three guys walk into the bar and you know, that joke is so bad, everybody's digging for carpet and nobody wants to be any around that weird uncle. I happen to know that weird uncle I am. No. So no, the other two podcasters that are three podcasters walking into a bar as one of those jokes. Welcome to the three podcasters walk into a bar. My name's Stuart Turley, president of the Sandstone Group. I've got David Blackmon. I mean, not only is he a David Blackmon is the David Blackmon with the energy question. It is a phenomenally popular podcast. He's also on the energy transition. He's also Forbes Telegraph, world renowned author and Sean Connery stuntman. Welcome, David. I appreciate
David Blackmon [00:01:09] Sean connery stunt man that for me. Yeah, I had a lot of fun making Diamonds Are Forever back in 1970. That was awful.
Stuart Turley [00:01:18] Yeah, I was the midget on the plane. Okay. All right. Hey. And we have RT on here. RT is a successful podcast host of The Crude Truth. But right now, he's pretending to be a big dog over there at at PECOS operating, and he's out there pretending to be working in the oil patch with our podcast listener. He's got an oil derrick in the background going, Yeah, I'm pretending to work. You actually found that on the side of the road, didn't you?
Rey Treviño [00:01:50] Oh, hello, gentlemen. Good to see you guys. Anybody that was a watch there at the beginning that was actually up. Again, I always tell people we're family business. My brother in the black background there for a second there. We're out here in north Texas today. Get some work done. But we can't complain out here. It's a beautiful fall day as far as budget is concerned. And man, what a wild wind it has been in the last week in the oil and gas industry, Stu. Well, I mean, what has been coming around the corner, as you would say?
Stuart Turley [00:02:23] I'll tell you what, it's part of both of my hairs, David. I mean, both of you guys, I'm seeing some stuff going off like crazy. David, I want to throw it to you. You get the first squirrel out of the box. What do you got?
David Blackmon [00:02:34] Well, the first thing I want to know from Marty is where is the big white windmill? What's powering that pump? That. That thing running out of electricity.
Rey Treviño [00:02:46] You're not from the garage right now? I don't see it, but. But I do have an electrical line back there somewhere. Okay. I have electricity powering it. From which? Up here in North Texas. I'm sure it's probably coal powered.
David Blackmon [00:03:01] Or probably coal or maybe natural gas. Maybe, anyway. Well, yeah, we've had some some interesting stories this week in the EV world. First one was the biggest charging station in America, Tesla charging station in America that's located in the Central Valley of California and 98 charging stations out in front of a Shell gas station. Turns out that the backup power well, first of all, the Chargers themselves are powered mainly by the California grid, which in that part of the state is mostly natural gas power generation. But the back office has several big diesel generators that are perched behind the gas station so no one can see them. That story really got. Got a lot of traffic on LinkedIn. And to my side that, you know, it really it really gets a lot of interest from people of what is happening in the EV space when you see these stories like the one that came out of Switzerland this morning, the Swiss government is preparing emergency plans for the winter because they know they're going to be short of electricity. They haven't built enough generating capacity to ensure their grid can get through the winter cold. So they're they're developed a contingency plan for when the grid inevitably gets the blackout condition they're going to. The emergency plan includes disallowing people every owners from driving their cars so they won't be burdening the grid with recharging their batteries overnight.
Stuart Turley [00:04:48] Unless it's an emergency. Right.
David Blackmon [00:04:50] Unless it's a health emergency or some other kind of emergency. Right.
Stuart Turley [00:04:56] Candy bars don't count.
David Blackmon [00:04:58] Right? Candy bars don't count. And that it's just another indicator of this model of electric vehicles doesn't work. And I and I want to illustrate something for everyone. Keep in mind that what seems to be the state of the art technology, the coming thing right now may not in five years, in fact, be the coming thing. In 1897, Rudolf Diesel, German engineer introduced is is fuel the miracle fuel for transportation we now call diesel after Rudolf diesel. Prior to the introduction of diesel as a transportation fuel, the state of the art automotive technology involved steam engine cars. The Stanley Steemer was one model that generated about a quarter horsepower or power that were fired by wood or coal or in an automobile. Okay, That was the state of the art technology. And within five years, no one was building those things, so they immediately were off the market. So we cannot assume that the same thing isn't going to happen to electric vehicles. This energy transition, this brave new world we are embarked upon, is just in its early stages. We are not well down the road on this thing. So what seems to be state of the art today, the Tesla Gigafactories and all that five years from now may not even exist. And I think that's the lesson we're starting to learn with the EV industry right now.
Stuart Turley [00:06:47] You know, RT., do you think that Larry Fink, when he came out this past week and said there will be no energy transition? You think people are starting to wake up and their eyebrows are getting stapled to the carpet.
Rey Treviño [00:07:01] For him coming up and saying that, I mean that I think there are some people that kind of are sweating a little bit now. I guess that's probably the best way to say it. And I'm a little nervous. And David, you know, I want to just jump back on what you just said about the way technology is moving. I actually never thought about that, that here, you know, we're all on a computer right now and that computer is going to be obsolete in the next 6 to 12 months. So who would say that these continuously all these new technologies will be obsolete and yet somehow the diesel engine or, you know, the combustible engine has stood the test of time during this whole transition so that they're now trying to do so. That's a very valid point. No being coming out this week, Stu, and saying that really kind of got a lot of people a little worried about their ESG investments. But also during this transition, I think the fact that Saudi Arabia just partnered up with that large Australian company in the liquid natural gas industry, I think also has a lot of people concerned with this transition to these renewables and wind and solar, because if Saudi Arabia is investing, that's now showing that Saudi Arabia also understands that natural gas is going to be the true transition energy source moving forward probably the next hundred years or so. What do you guys think?
Stuart Turley [00:08:38] I agree. And those are great points. David, you.
David Blackmon [00:08:42] Yeah, absolutely. I think that's absolutely right. I you know, Larry Fink's comments were really interesting. And they're just another part of everything that's happening in this transition space. Another thing that came out this week was a report from the Royal Society of Cambridge University in the U.K. And they've conducted a new analysis of, you know, what is the best technology to answer the problem, the the chronic issue that continues to linger to supply backup storage capacity for renewable energy, wind and solar. And the finding in this study is that stationary battery technology can solve this problem. Right. It cannot make wind and solar scalable at a societal level and replace all gas, coal, the nuclear. And so what are their answers? Well, the authors of the report report first point to hydrogen storage, a completely experimental technology that's been tried a few times and doesn't really work too well. So it's just in its early stages of development. It will be 50 years before hydrogen storage is really scalable in any real way. And they say, well, you know, that might not work. It'd be very expensive if it does. And so but there's another backup plan, and that is, guess what? Ammonia storage, which is even more idiotic idea and even more experimental and unproven. So it's just you have all of these. Well, I think the point I want to make here is we're in a period of time now where all of the ridiculously easily foreseen issues about renewables and electric vehicles and their scalability are beginning to bubble up to the surface. And the promoters of climate alarmism don't have any real answers for them. And so we're going to reach crisis point probably sooner than I've even expected.
Stuart Turley [00:11:01] You know, Artie and David, when we sit back and it's about numbers. People are NIMBYs when they don't want to see a wind farm in their backyard off of the East Coast. Right. That's beautiful. Sunset. And they don't want to have it interrupted. But when we sit back and take a look, it's now impacting the consumers and the insurance. They they don't follow along. On your article with the UK. I saw the of another article. The insurance guy had a Tesla in the UK. He went from £1,000 premium on his car to a £5,000 premium on his car. So insurance agencies are numbers driven and you better believe that if the price is there. And then this. Earlier this week, a shipping line banned EVs because of insurance. Insurance is now digging in and going, Oh, hey, I can't afford you. Look.
David Blackmon [00:12:15] You guys know how the climate alarmists are going to respond to that, though. Don't you know what their solution's going to be?
Stuart Turley [00:12:21] They're going to call these companies racist?
David Blackmon [00:12:24] No, they're going well, probably, but they're going to pressure politicians to force insurance companies to spread that increased risk, not just focus it on the EVs, which are the source of the problem. We're going to try to pass regulations and laws that force the insurance companies to spread that increased risk across all of their customers policies so that even if you don't drive in, if you're going to start sharing the cost of that increased risk, that's always the answer for these the social planners that are trying to force these things. So, you know.
Rey Treviño [00:13:02] We need to keep an eye on it. David, with the background that you have involved taxes in the oil and gas industry for many years, that would be something, I think, just fighting for the everyday American because those regulations make it that right. And, you know, you talk about the spread and the rate increase. They are really turning these electric vehicles into a upper class vehicle that only the wealthy and affluent can afford them. And one other point I want to make on that is the new Ford F-150 lightning commercial that I saw this past week. Here we are at the beginning of October, and there is a Ford F-150 pooling about a 20 foot vintage Chris Craft that now I don't know if anybody knows anything about bolts or bridge craft and piece wood boats, but those things are probably going for a 20 foot vintage wood scrap boat, a quarter of $1,000,000 being made by a $100,000 electric vehicle. They are purposely positioning and marketing to the affluent, which then take get rid of all the little guys and will be on public transportation for the next 30 years.
Stuart Turley [00:14:26] What's your problem?
David Blackmon [00:14:27] Yeah, I mean, you don't have to go more than 80 miles. You're fine before you run out of charge.
Stuart Turley [00:14:34] And you know, the funny thing RT is that boat is extremely heavy. It's heavy range.
Rey Treviño [00:14:42] I don't think it runs on electric. Talk about that. Also, I don't think that the classic Chris crap runs on electric.
Stuart Turley [00:14:50] They don't make it that way
Rey Treviño [00:14:50] And they definitely are Make some good boats. I will say that about Criss Cross just because they want to be a sponsor of a podcast.
Stuart Turley [00:15:02] Speaking of that, I'm excited about our West Texas gig coming up RT tell us about that.
Rey Treviño [00:15:08] Yes, I'm very excited. We will be out at the Permian Basin International Oil show October 17th and 18th. We will be having special guest Oh, we're still working on our list, but we will have special guest on between the afternoon of the 17th and the morning of the 18th. And we'll finish it off with a live recording of three podcasters walk into the bar there Wednesday morning there. We're going to be live on the show floor at the Air Compressor Solutions booth. It's going to be one of those big 4540 booth, so we're going to be there. Shout out to the sponsor of the Crude Truth, their compressor solutions for putting us up. But I'm just so excited to get David Blackmon, get you out there. And to all our listeners out there, if y'all are going to be there and y'all would love to be on either. One of our shows while we're out, there are even three podcasters. Please reach out to us or the sandstone group and we can we can accommodate you guys.
Stuart Turley [00:16:11] You know, now that I got my road gear and all my mikes done, you guys are not going to have to shoot me in front of the bar and and I actually got the gear working. Good. So it'll make me look good.
David Blackmon [00:16:25] Yeah, the last time we were there at work. Perfect.
Stuart Turley [00:16:28] Oh, absolutely. But I'll tell you what. It's fun having a road bag for podcasts. You got to love it.
Rey Treviño [00:16:35] And also I'm going to be I think this is good that I'm going to be the special guest host at this month's Midland Oil and Gas Workers Association, which. And so I'm kind of excited.
Stuart Turley [00:16:50] You're not the main course, are you?
Rey Treviño [00:16:52] No, no, no, no, no, no. That's me. You know, the president at Lago, Lago Petroleum is going to be speaking and so fantastic, Cool stuff there.
Stuart Turley [00:17:06] And we've got some announcements coming out, guys. We have Nape coming up with Nape. We have a lot of encouraging things coming around the corner, the sandstone groups putting together a bunch of stuff. So we want all of that. David and RT and I are going to have a blast at Nape. You want to just give a quick shout out and then we're going to rumble on to next week.
Rey Treviño [00:17:28] I love it. I love it. Yeah. Shout out to the NAPE Expo. Nape where deals happen, right? David is.
David Blackmon [00:17:35] Absolutely, absolutely.
Rey Treviño [00:17:37] Excited. We'll be there for all three days, be able to host a lot of different people and if several interviews it again same thing hopefully be able to do it. Episode of three podcasters from the NAPE floor and that is February 7th through the night that I'll do my shameless plug for NAPE that if you haven't registered register today Apex where deals happen.
Stuart Turley [00:18:00] I am also finding out David that both of your shows are being nominated for some awards and I'm going to keep you posted.
David Blackmon [00:18:06] What,what.
Rey Treviño [00:18:09] Congratulations.
Stuart Turley [00:18:10] Yeah we're going to we've got them nominated in there and I guarantee it's going to be fun. You guys are getting some traction.
David Blackmon [00:18:18] Well, I just can't wait to make my acceptance speech, man. It's awesome.
Rey Treviño [00:18:26] Oh, by the way, you know, can we do the other day? We don't joke around to too much, but the insurance lady named Erin did a post about the press, and I said, Hey, David, you do that every time she talks and you know you do. And I just thought that was the way.
Stuart Turley [00:18:46] Do you say deep breast or breath ?
David Blackmon [00:18:49] Well, both, you know.
Stuart Turley [00:18:52] Okay. With that, we're going to go around the horn. David, what's your last word for today?
David Blackmon [00:18:58] Hook them horns. You know, you. That's. That's my last word for today.
Stuart Turley [00:19:02] You know, I'm going to give Steve Harris a shout out. I'm going to take Texas. Okay. RT How about you?
Rey Treviño [00:19:13] I'm going to have to go with the goop. Frogs?
Stuart Turley [00:19:15] Yeah. Okay.
Rey Treviño [00:19:17] So we'll go with the frogs this week. Got to win about three.
Stuart Turley [00:19:21] Yeah. I'm an OSU kind of guy, and it's mind over matter. I don't mind because I don't matter. All right, with that, guys, This is the three podcasters walk into the bar for. David Blackmon, R.T. Traviño. I'm Stu Turley, and we will see you guys next week. Thanks.