3 Podcasters Walk into a Bar EP 29 – Energy Outlook: LNG Expansion, Geothermal Innovations, and Global Leadership
3 Podcasters Walk into a Bar EP 29 – Energy Outlook: LNG Expansion, Geothermal Innovations, and Global Leadership
This segment discusses various topics related to the energy sector, including the growth potential of LNG, Indonesia’s long-term contract for LNG, the importance of environmentally friendly CEOs, India’s increasing focus on LNG, plans for nuclear power plants in multiple countries, the comparison of Joe Biden to FDR and Eisenhower, the impact of oil and gas on elections, new legislation in Texas regarding geothermal energy, and the future prospects of PACO’s Operating.
Bullet Points:
- Exxon Mobile sees LNG as a promising growth business for the future.
- Indonesia signs a 20-year contract for LNG, highlighting the country’s energy plans.
- John Kerry emphasizes the need for environmentally friendly CEOs in the industry.
- India’s focus on LNG demonstrates a rising demand for energy sources.
- Multiple countries are considering the construction of nuclear power plants for future energy needs.
Highlights of the Podcast
The guys are back at it today.
00:00 – Intro
01:54 – Talks about Forbes story, Exxon Mobile sees LNG as a growth business into the future
04:28 – Talks about Indonesia just signed a 20-year contract for LNG, total energy
06:30 – Talks about John Kerry saying that we need more CEOs that are more basically environmentally friendly
10:13 – Something crazy about India is just bumping up their LNG
12:15 – Talks about Robert Bryce talking about how several other countries are getting ready to start at least permitting to build some nuclear power plants.
17:10 – Talks about Chris Mathews and the Hardball guy comparing him to FDR and Eisenhower on how he handled on the world stage
19:01 – Talks about the Comparison between Biden and FDR
20:26 – Talks about Oil and Gas and Election
22:54 – Talks about the New legislation at the Texas state level about geothermal energy being a land owner. Surface right?
24:18 – Talks about Geothermal Energy
29:20 – What is coming around the corner for PACO`s Operating?
31:00 – David was coming around the corner on you man?
32:59 – Outro
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,
Other Sandstone Media Energy Podcasts – Check them out! Sponsorships are available, or get your own produced by Sandstone Media.
David Blackmon LinkedIn
The Crude Truth with Rey Trevino
Rey Trevino LinkedIn
Energy Transition Weekly Conversation
David Blackmon LinkedIn
Irina Slav LinkedIn
Armando Cavanha LinkedIn
Follow Stuart On LinkedIn and Twitter
If you have any questions, please reach out to us. We want to answer all questions, and if you have what it takes to be a podcast host and you want your show reach out.
Also, sponsor slots are available. There is excellent reach with the four podcasts.
David Blackmon LinkedIn
The Crude Truth with Rey Trevino
Rey Trevino LinkedIn
Stu Turley LinkedIn
Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
3 Podcasters Walk into a Bar EP 29 – Energy Outlook: LNG Expansion, Geothermal Innovations, and Global Leadership
Stuart Turley [00:00:03] Hello Everybody are you having one of those days? Have you ever had an uncle that stood up and said at a family party, Hey, these three people walked into a bar and everybody in the family just ran for the carpet they were digging for carpet to get away from that guy.
Stuart Turley [00:00:21] Hey, I got two of them other compadres, 3 Podcasters Walk into a Bar. My name is Stuart Turley President and CEO of the Sandstone Group. I got me some great podcast host here I’ve got Ray Trevino he’s the big dog over there PACOS Operating Podcast host for The Crude Truth. Welcome RT.
Rey Trevino [00:00:41] Oh, thank you guys for having me you know, hear me okay today? Good afternoon, Good morning.
Stuart Turley [00:00:46] Yeah, Good Evening
David Blackmon [00:00:47] Yeah, You sound kind of like you’re underwater.
Rey Trevino [00:00:50] Ahm i did hope that…
Stuart Turley [00:00:52] No,.
David Blackmon [00:00:52] You’re okay.
Stuart Turley [00:00:53] You’re okay dude. All right, Next coming around the corner we got Mr. Blackmon. I mean, Mr. Blackmon is just a fabulous individual. He is a Forbes contributor and author he is also on The Daily CALLER. He has two other podcasts he has the Energy Transition the Weekly and then he’s also on The Energy Question, which all of our podcasts are going off like wildfire here, guys. David, thank you and welcome.
David Blackmon [00:01:30] Hey, how you guys doing today? Hope everybody having a good week.
Stuart Turley [00:01:35] It’s been brutal.
Rey Trevino [00:01:37] I can’t complain it’s been four weeks all hot out there, but it’s been a full week so far.
David Blackmon [00:01:42] Holy cow.
Stuart Turley [00:01:43] All right, let’s kick it off with David your story on Energy Absurdities I thought was fabulous. Let’s go ahead and kick it off there with Forbes story, Exxon Mobile sees LNG as a growth business into the future.
David Blackmon [00:02:01] Yeah. Yeah. Example? Well, I was able to interview Peter Clarke, who’s the head of ExxonMobil’s LNG business, and it was the day after energy or climate czar excuse me, John Kerry. I got to get his title right he’s so regal.
David Blackmon [00:02:21] He went off on Shell for actually investing money in Shell’s core business of oil and gas and what did he say? He said that that is unnecessary and Dangerous! Dangerous! And then he went on to say that we need CEOs who are looking towards the future and making the investments needed to get to net zero by 2050 and of course.
David Blackmon [00:02:50] So, you know, these companies aren’t doing that or they’re making investments on green energy, but they’re also continuing to beef up their core businesses because why? Because, as Mr. Clarke said, there’s global demand for oil and gas, and natural gas is instrumental in lifting people up the billions of people who still are living in energy poverty all over the world.
David Blackmon [00:03:16] I mean, there are hundreds of millions of individuals in developing nations who don’t even have the fuel to cook and eat their own homes. And you’re not going to going to cure that with windmills and solar panels you’re going to do it with fossil fuels and natural gas is you know, to this point, so many countries have gone to coal because that’s what they’ve had available is coal, burning wood, things like that.
David Blackmon [00:03:47] Well, natural gas is the cleaner alternative to all of that and so ExxonMobil is is looking at its LNG business and its natural gas business as a growth part of the business through 2050. I specifically asked Mr. Clarke that.
Stuart Turley [00:04:03] Wow!
David Blackmon [00:04:03] Did you see LNG as a growth business through 2050? And he just unequivocal about it. So I you know, I interviewed the CEO of Noble Drilling this morning he said the same thing. Their deepwater business, they believe, will be expanding through at least 2050.
Stuart Turley [00:04:22] Aint that crazy.
David Blackmon [00:04:23] Because that’s the reality of the world today.
Stuart Turley [00:04:26] Right. You know, Indonesia just signed a 20-year contract for LNG, total energy you know, I can’t I’m Texarkana and, you know, okay so I can’t say total energy. How do you say that anyway?
David Blackmon [00:04:43] You just said it.
Stuart Turley [00:04:44] Okay.
David Blackmon [00:04:46] Energy’s. I think they added an S to the end of it, though.
Stuart Turley [00:04:48] It’s Total Energy’s okay.
David Blackmon [00:04:50] Because, you know, it’s it’s more than just oil and gas now.
Stuart Turley [00:04:55] They just took a 45% stake in Qatar Energy owns the remaining 25 they just invested in Iraq. Now. They invested in renewables, oil and gas in the gas. Oil and gas are going to fund anything going on. Why would total energy go out and and buy into Iraq a dangerous country unless they see profit in the oil and gas?
David Blackmon [00:05:27] Obviously. Yes. And Total’s been in Iraq for forever. And and, you know, and and they’re not leaving.
Stuart Turley [00:05:34] And one other back let’s back pedal Total and Shell and BP went totally to the green side of the world. And now they’ve had to flip back around because didn’t the U.S. have a higher percentage of returns to investors that the their European counterparts could not do because they had lost so much money in renewables?
David Blackmon [00:06:00] And that’s a big part of it, too, is these European countries wanting to be more competitive in and even ignore the Norwegian company. That’s what 51% owned by the Norwegian government is also re-emphasizing its core oil and gas business for the same reasons.
Stuart Turley [00:06:19] Right. I love your article, by the way.
David Blackmon [00:06:24] Oh, it’s a baby.
Rey Trevino [00:06:25] Give it to daddy and you know, I love how he John Kerry says that we need more CEOs that are more basically environmental friendly. And it kind of reminds me of that Texas Monthly story that just came out. That was actually semi fist i thought it was a poker they’re going to talk about poker, the whole article.
Rey Trevino [00:06:51] But it was the one about the two the two guys over at Permian Resources, Tikki and Walker or Hackler or something like that. You know, they’re both, what, 37 and 39, and they’re really two CEOs. And I love how in the article says they’re in a world of CEOs where all the other CEOs are in the sixth decade and I’m looking at my father going, yeah, that’s that’s about right. You know, most other presidents and CEOs are are are so much older.
Rey Trevino [00:07:24] And the article goes on to basically say that there aren’t that many people in the oil and gas sector. They do a quote about how engineers at A&M, you know, petroleum engineers, has dropped almost 50% in the last 5 to 10 years and that nobody is really going into the oil and gas sector because of all this negativity.
Rey Trevino [00:07:47] And so I think that our czar, energy czar, was speaking to all these other people out there, you know, messing with people’s heads, doing that subliminal messaging. We need more CEOs that are environmental friendly.
Rey Trevino [00:08:02] I mean, I went to this the toy store the other day and almost all the remote control cars, guys that a five year old would have are all Ford Lightnings and Hummer EVs down. Okay. They are trying to do something here on an on a level.
Rey Trevino [00:08:23] So I just think what he said, first of all, don’t even get me started on the word czar last time I checked, that word was meant for nobility and royalty that run a country and that’s what I remember with the word. So I think, yeah, in Russia, in Russia there you go.
Rey Trevino [00:08:42] So I just found that very interesting that he said that the other day, David and then for you to come out with that article right now, it’s like if that’s not subliminal messaging on his part, trying to get the younger generation, which I still think I’m part of at 39 years old, to change and, you know, basically millennials and Generation Z to go towards basically spending more money on power every day that’s what they want us to do.
Stuart Turley [00:09:09] You’re 39 RT?
Rey Trevino [00:09:12] I am I know.
Stuart Turley [00:09:13] You don’t look like you’re 65 that’s nice.
Rey Trevino [00:09:17] I feel today. I feel it today. I’ve been moving and doing and out in the fields I feel it today for sure.
Stuart Turley [00:09:25] David, I love your graph in here showing the LNG facilities and projects from Exxon Mobil its very.
David Blackmon [00:09:35] Well. That’s, that’s Exxon’s map you know, I got permission to use it there all over the world, you know. Dozens and dozens of facilities you know, they’ve really specialized in the gas facilities and they run the biggest one in the world in in Wales, in partnership with Qatar Energy just and of course, Golden Pass, the LNG export facility. You know, here in Louisiana that is undergoing an enormous expansion, is also a partnership between Exxon Mobil and Qatar gas and now.
Stuart Turley [00:10:13] Something crazy about India is just bumping up their LNG huge.
David Blackmon [00:10:20] Yeah.
Stuart Turley [00:10:21] I mean I saw something on that it was astronomical number on LNG for India.
David Blackmon [00:10:25] Yeah and India is lucky Pakistan of course has had a really difficult time sourcing cargoes of LNG, but India had a long term agreement because India, Pakistan was relying mainly on the U.S. cargoes and not all under any long term agreement. India has has long term agreements in place, mainly with Qatar for supply of LNG and so yeah, they’re ramping theirs up.
David Blackmon [00:10:53] Meanwhile, Pakistan, its government a few months ago announced while we can’t get the LNG we need so we’re going to go back to coal. And so exactly the point Mr. Clark was making that you need this LNG to displace coal, to cut emissions, which is what we’ve done in the United States.
David Blackmon [00:11:13] And Pakistan as a is a, you know, a test case showing what happens when you can’t source the cargoes. And that’s because Europe took all the cargoes away after the Russia invasion of Ukraine so that’s my story and I’m sticking to you.
Stuart Turley [00:11:31] RT I saw you on Tik Tok the other day. Remember the bag on the kids were carrying bags of natural gas going.
Rey Trevino [00:11:41] Oh, that’s right.
Stuart Turley [00:11:43] Yeah. So I saw you trying to imitate them but you’re smoking while you were carrying that bag and like,.
David Blackmon [00:11:50] That was happening in India, wasn’t it?
Stuart Turley [00:11:53] Pakistan.
David Blackmon [00:11:53] Pakistan.
Rey Trevino [00:11:54] Pakistan? Yeah. Yeah, that would be way that was right before. I think that’s right when they announced that they were going back to coal and then, you know, nuclear is making a big, big, big, uh, I don’t know, Nuclear is becoming popular in the media, at least right now. I know I saw that Robert Bryce had a pretty good one of his little energy minutes that he does, talking about how several other countries are getting ready to start at least permitting to build some nuclear power plants.
Rey Trevino [00:12:29] And, you know, again, I’ve said it once and I’ll say it again, I am not against any form of energy that provides us the power equivalent to oil and gas. I’m not against it. Yes, I make a living with oil and gas, but I’m not against power That would provide power to our ships, to our cargo planes and to our military that is that is key, ladies and gentlemen, to our energy and our security as United States Americans so I’m not against it.
Rey Trevino [00:13:00] So I’m excited about this Nuclear and for everybody out there that’s always, you know, naysayers it’s like, guys, look at technology. I would like to think that technology has come in a way over the last 30 and 40 years to make nuclear more safe. Kindra makes a snow McGregor out of Colorado really said it best the other day that we have nuclear in our oceans every day with our aircraft carriers and our nuclear submarines. So how dangerous is it really to the environment?
David Blackmon [00:13:35] In our aircraft carriers also know that they’re all nuclear, but almost all of them are. I would think they all are.
Stuart Turley [00:13:44] We only have I believe I need to fact check myself, but I believe we only have two that are left as non-nuclear, maybe even wrong. And the reason we had to do that is because Japan would not allow us to port with nuclear fleet a few years ago. I know we only have one that I know of I’ll have to I’ll go check it here later.
Rey Trevino [00:14:12] But so far, I’m sorry. I’m afraid that Japan would let us port a nuclear anything under level of.
Stuart Turley [00:14:23] Japan and just came out with an article I saw either I have to remember where I saw it, but I saw it either yesterday or the day before. They are just announcing their new nuclear plans and natural gas plants. So Japan’s doing the same thing there, right? They’re done with Fukushima they they’ve got it cleaned out they’ve already done it. They’re going to fire them back up and they’re bringing in new nukes and then they’re also bringing in new natural gas.
David Blackmon [00:14:49] And that’s going to be our reality. Yeah.
Rey Trevino [00:14:53] Yeah. I’m glad for the irony of my laughter on why. I mean, I don’t think I would want to follow them in anything that had nuclear on it for the United States. I’d be like, I’ll stay on the focus.
Stuart Turley [00:15:04] I can’t blame them I don’t know that.
Rey Trevino [00:15:09] Your good Alan, but I still don’t, though. You keep going over there. Yeah, Kind of like the person that’s always afraid of guys. No, I, I It’s a good dog. Would just keep it off.
Stuart Turley [00:15:18] Yeah, I love me, America, but I don’t trust the government was it Ronal that said that? The biggest lie.
David Blackmon [00:15:25] In most dangerous words in the English language are I’m from the government and I’m here to help.
Stuart Turley [00:15:30] No, I don’t trust him As far as I could throw John Kerry in.
Rey Trevino [00:15:38] Our polling, You know, guys, are you just see these guys we’re getting closer to elder abuse. First of all, John Kerry is too old to and it goes back to me, I’ll always talk about I feel like the unpopular kids are now running the show for a little while in John Kerry, Biden, Elizabeth Warren and these are all the people that were all we were always wanting to be in the big time.
Rey Trevino [00:16:02] But the Clinton group, you know, always kept everybody else down, which, you know, good, bad or indifferent. But it’s like they have their chance to be the cool kids and they are ruining it on every level possible for the entire United States, let alone the elder abuse that we’re basically starting to see with President Biden. This is not even the same guy that ran for president three years ago yall notice that?
David Blackmon [00:16:29] Oh, there was this.
Stuart Turley [00:16:31] He was at the NATO meetings and they they were having to pull him around like me. I mean, they were actually, you know, kind of like going, do you need to be over here? You know, it was horrible.
David Blackmon [00:16:42] It’s really sad it’s like a dog on a leash they they have to literally, literally guide him around physically and, you know, with hands on him. Now they are having to guide him.
Stuart Turley [00:16:55] To the right laughingstock of the world.
David Blackmon [00:16:58] Yeah.
Rey Trevino [00:17:00] Oh, you’ll see that and then you go, Oh, how does the park with then call it MSLSD or the MSNBC channel. I had Chris MATTHEWS and the HARDBALL guy comparing him to FDR and Eisenhower on how he handles on the world stage.
Rey Trevino [00:17:22] And im like, first of all, let’s talk about FDR. You know, I don’t know how I’m going to say this on record. The New deal that NPR signed did not get us out of the Depression. The fact that Americans went back to work to produce bombs and tanks and airplanes for World War Two is what got us out of the Depression. I would say that right now the great New Deal or whatever it was called did nothing for that. As far as go back and look Fact check me all you want, people.
David Blackmon [00:17:56] You’re right. I mean, they had to have a war to get out of the Depression. Yeah.
Rey Trevino [00:18:00] It’s terrible to say that but even to compare him to FDR after I just said that about the man is rubbish. I mean, you’re making FDR look bad. And Eisenhower one of the best generals we ever had. I mean, come on now, Chris Mathews, Senator Mathews and like, have a little bit more respect for those great men than that we have for declining.
Rey Trevino [00:18:25] I mean, he is not the same man, guys it is, you know, the fall in the bite that was funny, the fall of going up Air Force One. Okay, funny. But that one, he took off last month at the Air Force Academy when you travel so good at all. Yeah and even if he tripped on a sandbag, that’s fine. That was not a good fall You know.
Stuart Turley [00:18:47] At the NATO meetings. It was embarrassing.
David Blackmon [00:18:53] I will say.
Rey Trevino [00:18:53] That even if the barely make it to the dinner with everybody else
David Blackmon [00:18:58] There is one one relevant comparison between Biden and FDR, and that is if you look at the films and the photos from the Yalta Conference that took place in either late 1944 or early 1945, Eisenhower or FDR was very frail at the end of his life, barely able to function.
David Blackmon [00:19:27] And so, yeah, I mean, you get if you if you’re comparing what we see today from President Biden to to that version of FDR. Yeah, that’s a relevant comparison. But just in terms of their ability to command the world stage. Nobody thinks Joe Biden is commanding anything and he’s not fooling anyone.
Stuart Turley [00:19:54] I think Secretary Granholm or if she married Fetterman, you know, be Fedor gram. And I think if Fedor Graham would want to come on to the podcast, either mine or any of ours, we’d love to have them with David Beim. David Not Dave Bateman. President Biden I think it’d be great fun to have a talk with him and we could even be.
David Blackmon [00:20:21] Yeah, it’d be stunning.
Stuart Turley [00:20:23] Wouldn’t it be great?
Rey Trevino [00:20:26] Well, I tell you guys what we’re seeing right now, the world is moving away. Oil steadily going up right now. And I think that has to do with a lot with what’s going on overseas. You know, we’ve got Russia is going to cut another one, 500,000 barrels hour that was taking place and then OPEC’s said they’re going to stand pat with their production.
Rey Trevino [00:20:49] So, you know, right now is still a good time and then I’ll say something else. You know, I laugh that I here I am slowly getting into looking at the election and looking at all the different people and then I already know who I’ll vote for, but I just the cracks in my mind cracks me in ways I’m going to vote for a Republican and I don’t know why.
Rey Trevino [00:21:09] Because oil prices are always up during a Democrat presidency so why are.. I’m an idiot for voting Republican every time. Well, I mean, it’s ridiculous. I mean, I think we need to start putting more money as an oil and gas industry into the Democrat campaigns every year to say, hey, yeah, going to raise the price of oil some more. I mean, it’s it’s stupid because the Democrats are hurting the people they say they’re helping, which is the American people by continuing to fight against the oil and gas industry.
Stuart Turley [00:21:41] Maybe you didn’t and RT, there was an article that they were trying to take from Venezuela instead of Venezuela defaulting on their loan, that we would take Venezuelan oil and trade. And I haven’t been able to find out but it took it looks like based on what they Owe versus how we’re going to buy it, there was a $6 billion difference or off set. And I mean, that that looks like there’s room for graft I’ve got to figure that out.
David Blackmon [00:22:14] It’s hard to believe. It’s just shocking that there would be room for graft in and anything our government does.
Stuart Turley [00:22:21] Yeah, I didn’t know if you guys heard anything about that. I. Yeah.
Rey Trevino [00:22:26] I know. Yeah. No, I haven’t heard anything about that myself.
David Blackmon [00:22:30] I would. I would be shocked if there wasn’t room for graft. I will say that. Yeah. Yeah.
Stuart Turley [00:22:34] I don’t know. I was just kind of curious because I found it very funny with my Oklahoma State slash Texan crayon. It shouldn’t have.
Rey Trevino [00:22:44] Not what? I tell you. This kind of bringing it back sneaking in Texas how about Oklahoma, but. David, had you heard about the new legislation at the Texas state level about geothermal energy being a land owner? Surface right? I guess.
David Blackmon [00:23:07] Well, it is a surface rights thing yeah I mean, that’s the state of the law, you know, because geothermal is not a mineral. You know, it’s. It’s heat and steam, and so.
Rey Trevino [00:23:20] Okay.
David Blackmon [00:23:20] Yeah. So, yeah, I mean, you’re not bringing minerals up out of the ground, then The mineral owners are kind of irrelevant. It’s all the surface owner. Yeah, it’s just the same as carbon capture. And, you know, the issues are, you know, controlling the formation with carbon capture with the surfaceof it.
David Blackmon [00:23:41] So you have to least the surface extent that covers the entire formation that you’re using and geothermal is a similar kind of issue. So, you know, I, I don’t know if it makes it any harder, but it’s a often not always, but often a different set of individuals on the land, the surface, then on the mineral state below it. And yeah, so yeah, it’s it’s just a different set of challenges for these companies to to to get under lease.
Rey Trevino [00:24:15] Well, you know, be on the lookout. I actually have a Crude Truth Episode coming out here in the next couple of weeks with Joseph Trippier talking about geothermal. And I think geothermal is just something that is great.
Rey Trevino [00:24:30] And when you just said it and again, David, thank you as always for even hanging out with me and talking with me at the light bulb went off on why it is not considered. It’s not a mineral. You’re absolutely right, because I was a little bit like, why is it not? It’s coming from the ground. Yeah, but, you know.
David Blackmon [00:24:46] And the same formations, right? Yeah.
Rey Trevino [00:24:48] Right. Yeah. Same formations. So that makes sense. But the other thought I saw was, you know, it does give landowners more of an incentive to do something else, just like because landowners are the ones that we see on windmills and one of those panel things called.
David Blackmon [00:25:10] Solar arrays.
Rey Trevino [00:25:11] The solar panels and so I think it’s just another benefit to at least maybe get some positive traction, because I think geothermal would be great. I really do. I think you could at the right way.
Rey Trevino [00:25:25] And, you know, based off of my engineering knowledge, I think you could truly power small cities and little towns of, you know, 5000 or less, especially in some of these old oil towns with this type of inexpensive electricity.
David Blackmon [00:25:42] Yeah, I agree with you. I interviewed a lady named Cindy Taft, who’s the CEO of a geothermal company that has a project down. Oh, and what county? I’m going to forget which county she’s in, but maybe Duval County down deep South Texas. And the you know, and it’s. I’ve learned a lot from that interview because there’s so much potential for for storage of electricity generated with solar and wind, number one with geothermal.
David Blackmon [00:26:16] And then also setting up micro-grids like you’re talking about that can power a whole community that’s not connected into the grid and and big oil and gas and other kinds of industrial projects, you know, can potentially obtain power through geothermal well, rather than hooking up to the grid. And so there’s just a it’s a it’s a really interesting concept. I’m not sure how, you know, what the ultimate scalability of it is, that it’s in such early stages, but very clear. It does seem a really viable alternative.
Stuart Turley [00:26:53] I love geothermal. The only thing I was reading about it last week was it is geologically important on each different area. Like Japan has all those natural springs and you see the monkeys all kind of hanging out in the hot tubs and they could really use geothermal.
Stuart Turley [00:27:19] The problem with that is 80% of the area that Japan has for geothermal is in the national park system in Japan. So only 20% of the rock that is available to be able to used for geothermal in Japan. So it depends on the geo and I don’t know that kind of stuff. So, you know.
David Blackmon [00:27:45] Well, this is a different concept though, that that people are working on now that that’s the. Yeah, I mean, and the geothermal projects we’ve had so far had to be near a volcano or some kind of. Yeah. Thermal source like that.
David Blackmon [00:27:59] Well the concept they’re working with now is that any formation that has heat up to 500 degrees Fahrenheit can can potentially generate a geothermal power. And so these are a lot of the same formations underground that we’ve been producing oil and gas from for decades are now suitable for the purpose of generating geothermal energy. And it doesn’t it’s not as you know, it don’t you don’t have to be close to some kind of lava source to provide the heat. So it sets up, you know, the scalability should be a lot more substantial then.
Stuart Turley [00:28:37] This is exciting topic to follow up on. I really want to learn more about it.
David Blackmon [00:28:42] Yeah, me too.
Rey Trevino [00:28:44] I do, too. And I love New York City. When you were here, you chimed in on this when you go, I love geothermal. All I could think of was Anchorman, where the great guy goes, I love Lamp and if I do love Lamp, never see the movie Anchorman.
Stuart Turley [00:29:02] But yeah, I did. And I’m funnier than he is.
Rey Trevino [00:29:14] Oh, we’re all right.
Stuart Turley [00:29:16] We get.
Rey Trevino [00:29:16] Back.
Stuart Turley [00:29:17] We get about two more minutes here and what is coming around the corner for Pacos Operating.
Rey Trevino [00:29:24] Oh, well, for us at Paco’s, we’re just staying busy. We’re trying to knock out a couple of wells over the next 2 to 3 months. Maybe a couple I’m hoping for. In fact, that’s what we were dancing around today and yesterday. And all next week, I’ll be out on location, I think, most of next week.
Rey Trevino [00:29:44] And then as far as The Crude Truth goes, I just can’t keep an eye out I had a great interview that just came out with Leon Andrews from the Apex, though relieved to have another return guest, Jp Warne just came back on the show and then be ready here in the next few weeks. I’m actually going to be recording at our newest studio in Austin, Texas, so I’m very excited about that.
Rey Trevino [00:30:11] So hopefully we can get on some other people and kind of, you know, invite some people from other parts of the state to be on the crew truth and get them on to on our shows. And I can’t thank you guys enough. You two have done more for me and getting just the name out there and the brand.
Rey Trevino [00:30:30] So you know with Sandstone Group and I would name Sandstone Group and David Blackmon, you can’t go wrong you know David, your leadership and your thought leadership has really just second to none out there. And then Stu with you in the sandstone group, you all just continue to do great work, bring it on new podcast and it’s not just in oil and gas podcasting that you all do so thank you guys very, very much for all that I’ll do.
Stuart Turley [00:30:57] I’ll pay you later and David was coming around the corner on you man?.
David Blackmon [00:31:02] Oh, man, I got a big week here. I’m interviewing Michelle Bloodworth, the CEO of America’s Energy. It’s a trade association representing a lot of the coal industry. Nice in Washington, DC. She’s fantastic, an old friend and really a wonderful lady and I’m really excited about that.
David Blackmon [00:31:22] And then, yeah, it’s tomorrow and then the next day I’m interviewing August Pfluger representative, August Pfluger from Midland, the Permian Basin, to talk about the lizard listing the gorgeous sagebrush lizard that’s going to be to.
Rey Trevino [00:31:37] Can I Be in there I want to be on that one thats awsome!
David Blackmon [00:31:41] I interviewed him, too he’s fantastic.
Stuart Turley [00:31:45] I know who’s producing that one so I’m going to sit in and watch that one.
David Blackmon [00:31:51] He’s great I interviewed him last week, just a phone interview and and he agreed to come on the podcast. So that’ll be wonderful. And I’ll no doubt get a lot of material for for a written story as well. A lot of them out of both of those.
Stuart Turley [00:32:06] Oh, that sounds great.
Rey Trevino [00:32:07] Im Excited, that’s going to be awesome.
Stuart Turley [00:32:09] Yeah, I just I just released Dr. Patrick Moore, second half of it. Key Stelter just released it, interviewing a couple authors coming around the corner and confirming it for Fry battery on a time there so I love my interview with the CEO this time we’re interviewing the president of the U.S. group and I think, David, you get to do that as well, too.
David Blackmon [00:32:33] So, yeah, I’m going to I need to get that on the schedule, too.
Stuart Turley [00:32:37] So, hey, with that from 3 podcasters walking into a bar, don’t dig for that carpet when your uncle starts talking to you that way, you know, turn us on instead of your uncle there. So have a great one see you!