January 13

3 Podcasters Walk into A Bar – Episode 43 David Blackmon, Rey Trevino, and Stu Turley talk the Red Sea Crisis


We cover the 9 energy predictions for 2024: The Red Sea, the warmongers, the US dept and energy

#podcast @thecrudetruth9585

@davidblackmon6807 #energytransition #oilandgas #geopolitics

David Blackmon – https://davidblackmon.substack.com/

Rey Trevino – https://thecrudetruth.com/

Stu Turley, – https://energynewsbeat.co/


Highlights of the Podcast:

05:21 – The Iranian military leader that President Trump

06:43 – The Red Sea right now

07:01 – The extent tankers are having to avoid the Red Sea

08:23 – The great Tammy Nemeth on the Armando show

09:13 – The price impact

10:36 – The corner you had on your substack

10:57 – The petrodollar is going to be demised

12:07 – The latest data

14:02 – The price of a barrel of oil today

14:40 – What’s the Texas Oil and Gas Association?

16:21 – New members flawlessly and BRICS

18:05 – The invasion of the oil

19:22 – The U.S. currency

20:46 – The rest of the federal budget

22:04 – The left measures themselves by increasing the social programs

24:29 – The domino that really tips oil prices up

25:45 – The balance grows every month.

28:38 – What do you see for Big E’s coming around the corner on your thing?

30:13 – Nuclear will come eventually for 2024



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, [email protected]




David Blackmon LinkedIn

DB Energy Questions 

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.


DB Energy Questions 

David Blackmon LinkedIn

The Crude Truth - With The Rey Trevino

The Crude Truth with Rey Trevino

Rey Trevino LinkedIn

The Energy News Beat Podcast

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 – Episode 43 David Blackmon, Rey Trevino, and Stu Turley talk the Red Sea Crisis


Stuart Turley [00:00:00] I’ll let you know when we go live.

Rey Treviño [00:00:04] Are you going to put it out anywhere or. No?

David Blackmon [00:00:06] It’s right here on YouTube.

Rey Treviño [00:00:08] Oh, it’s YouTube, live.

David Blackmon [00:00:09] Yeah.

Stuart Turley [00:00:10] Yep. I mean live here. We are live. I’m now hearing it so.

Rey Treviño [00:00:17] Okay.

Stuart Turley [00:00:18] All right. Hello, everybody. I’m gonna go ahead and share this bad dog out here. I’m going to share this link. So somebody got it on the playback.

Rey Treviño [00:00:34] I only have one screen I need set multiple screens here at the office.

Stuart Turley [00:00:41] Okay. I’m sharing it. Copy. LinkedIn fams.

David Blackmon [00:00:52] Look at that. LinkedIn. Oh, right.

Rey Treviño [00:00:55] So what did you do on LinkedIn?

David Blackmon [00:00:59] I wish I knew what he was doing. I’d do it myself.

Rey Treviño [00:01:02] Yeah, that’s what I’m trying to do here. Let me see your Oh. No, I love it. I’m trying to get two screens on my laptop now. I’ve got four. All right. All right, Stu. What you do?

Stuart Turley [00:01:17] Hang on, I’m about to get you there. We’re going to have a little fun.

David Blackmon [00:01:23] Why not?

Rey Treviño [00:01:25] Why not?

Stuart Turley [00:01:27] Why not? Instead of being a bar. Relax. Here we go. Hang on. Are log on the podcast Energy. Crisis.

Rey Treviño [00:01:45] In the Red Sea. Two are on YouTube. And so I guess we’re on your YouTube page, right? Just in case anybody is out there, huh? Well, we get this set up. Thank you for being with us. This was impromptu. David, I’m just going to say this one time, I don’t have my pin on right now, but. Go frogs. They’re still the only team that can be Michigan in the last two years.

David Blackmon [00:02:19] They did beat Michigan. Yes, they did last year. I think Washington’s going to beat them again on Monday.

Rey Treviño [00:02:27] It’ll be interesting. Washington looked good, actually. Like last year, all four teams that were there really looked good at Georgia the other day. Oh, my gosh. Did they put a stamp on that undefeated Florida State team? That was why? Because one day, the one saying they should have been in the four.

David Blackmon [00:02:46] Yeah, that was that was pretty brutal.

Rey Treviño [00:02:48] That was brutal. But well, at least at least TCU scored four more points or three or four more points.

Stuart Turley [00:02:57] Hey, guys, We are now live on YouTube. I kicked it over to LinkedIn. Welcome, everybody to the three podcasters walk into a bar. My name’s Stuart Turley, president, CEO, Sandstone Group. And I tell you what. You ever had that crazy old uncle that like at Christmas vacation where he says these three guys walk into a bar? I happen to know the other two. We got David Blackmon. David Blackmon is one of my favorite compadres in the world. We got us some Substack stuff is Substack. He is on.

David Blackmon [00:03:33] Forbes.

Stuart Turley [00:03:34] Forbes, He’s on. He’s on Telegraph. I mean, man is a legend in my mind. Then we have RT, RT RT Treviño is one of them big dogs over there. Pecoss operating, RT, welcome. And we appreciate your how’s everything going for you? And you are the podcast host. for the crude truth and we will all be at NAPE live.

Rey Treviño [00:03:58] I’m excited about that. You know, we’re, we’re working on a few things over here at Pecos Country operating right now for Nape. But hey, I’m excited that we’re going to have the one of the podcast pavilions. I guess we’re going with the Crude Truth Podcast Pavilion, presented by Stuart Turley, David Blackman and Rey Treviño. I’m very, very excited. And what a lineup. We’re going to have guests and I think we’re going to start dropping advertisements and for that here real soon and get David’s face all over the Internet.

David Blackmon [00:04:32] Oh, my God, my face. I’ll have to shave. I don’t want to shave.

Stuart Turley [00:04:37] Yeah, you’re back. We don’t need that. Okay. Hey, guys. I want to get us kicked off RT, You brought it up the Red Sea?

Rey Treviño [00:04:46] Yeah.

Stuart Turley [00:04:47] And it is an amazing choke point in that. And then after that, we can go over to David’s predictions, which I think are phenomenal. I got a bone to pick with one of them, but I think we ought to chug over to the Red Sea and see what’s going on over there. I didn’t. I ran just to have an explosion go on this morning.

Rey Treviño [00:05:10] Yes. I’m kind of confused about it. Like they were at a funeral celebrating somebody that President Trump ordered to hit all.

David Blackmon [00:05:20] Summer here with the Iranian military leader that President Trump took out with with a drone and now in Iraq in 2019.

Rey Treviño [00:05:29] So who did the attack this morning? That’s what I’m confused about.

David Blackmon [00:05:32] We don’t know yet.

Rey Treviño [00:05:34] Oh,.

David Blackmon [00:05:35] Stu thinks lindsey Graham did it. I don’t think that’s right.

Rey Treviño [00:05:38] Oh, did he really? I know about that. That that’s a little funny, if you ask me.

Stuart Turley [00:05:44] Hey, Lindsey, did you do it? He’s a warmonger. I apologize. I am not a Lindsey Graham fan. And they hurt.

Rey Treviño [00:05:55] Well, I tell you what, you know, it just adds more fuel to the fire there in the Middle East right now. And it’s just another domino that has dropped. And yet oil prices have not changed at all. I think they’ve gone up a dollar today. And we were.

David Blackmon [00:06:10] I think they were up $2 earlier today. But still, yeah.

Rey Treviño [00:06:15] I mean, if this was 15 years ago, that alone would have dropped, you know, raise us 5 to $10 and within the hour.

David Blackmon [00:06:24] Yep. In fact, there’s a lot less in it.

Rey Treviño [00:06:28] It is. It’s kind of interesting how that works. It’s all the renewables, right, that we have on the roads, know.

David Blackmon [00:06:35] The stationary batteries, that that’s what it has.

Rey Treviño [00:06:40] Oh, my God. No, But have you seen everything that is going on in the Red Sea right now that we have ships that can go through the straits? Some that are having to go all the way around the horn there in South Africa. I mean, what’s going on there? And are we going to see some prices you think increase their.

David Blackmon [00:06:57] Yeah, I think so. I mean, to some extent that to the extent tankers are having to avoid the Red Sea and take their cargoes all the way around the Horn of Africa, what is it? Yeah, Cape Horn and up to Europe in the U.S. and Western markets. That increases the transportation costs and that will result in an increase of prices once those cargoes start to land. But they’re weeks away from doing that. So there really hasn’t been a an impact on crude prices from higher transportation cost yet. Now that will come sooner or later. In the extent of it, though, when you really look at it as a percentage of all crude sold in the world, you have, what, 20 to 25% of oil coming out of the Middle East and maybe half of that going to Western markets with with the rest going to China, India and other Asian markets. So, you know, even the increased transit transportation costs is going to be diluted just by the fact that, you know, it’s only a fraction of those exports or going to those Western markets. So it’s it’ll be an impact, but it won’t be anything real major.

Stuart Turley [00:08:16] Hey, David, yesterday the great or was it yesterday? I’m in a time warp. Am old the great Tammy Nemeth on the Armando show that you were on was fantastic when she said it was the OPEC’s ships in the that region. Were you still using the Red Sea and they weren’t being attacked. It was the West. It was the you anybody that was associated with the U.S. or Britain or U.K. or EU was getting attacked. So I thought.

David Blackmon [00:08:56] And I don’t know what percentage of tankers are owned by the OPEC countries, owned by oil companies, owned by independent third party contractors. And so that’s that’s the thing. But again, that’s as you’re you’re right, that’s another dilution of what the price impact will ultimately be. Because, you know, like you say, all the Saudi ships are still going through the Red Sea. So.

Stuart Turley [00:09:22] Oh, absolutely.

Rey Treviño [00:09:24] You know, and there’s no you know, they don’t have any fears. You know, I had one question. I was speaking this morning on the radio and they go, you know, what’s going on? Are these ships being escorted at this time? And and I said, man, I hope not, because if they are, that just raises it costs even that much more. And that’s not what we’re trying to do by any form or fashion is continue to increase. You know, it’s one thing to increase the price of a barrel of oil, but it’s one thing to do it when you have to add in new transportation costs, new, new, you know, security fees. And, you know and I know, David, we had a good chance to talk about this Red Sea. And the other part you mentioned is, you know, hey, we won’t really see those costs until they reach those ports that are in Amsterdam, New York, or even here in the Gulf of Texas along the Gulf of Mexico.

David Blackmon [00:10:08] Right. So, you know, I there will be an impact, but it’s not going to be huge unless some all out war breaks out. Right. And we that’s what I think is concerning about this bombing of the funeral in Iran is. Who did it. Where did that come from and what are what are the consequences going to be out of that? We don’t know that right now.

Stuart Turley [00:10:32] Well, David, with this coming around the corner you had on your substack a great comment about bricks and everything else. And I loved your answer to this really stupid guy, the Rodney Dangerfield of oil. Me. And it’s a.

David Blackmon [00:10:54] Good question, I think.

Stuart Turley [00:10:56] I think the petrodollar is going to be demised. It’s already well on the way. Your comment back was phenomenal because I the pricing matrices are not all there. I mean, they’re going away. I don’t know how it’s going to happen. We just talked about the Red Sea that RT brought up. And when you talk about the dirt fleet, all of the the money being traded now in the Russian ruble and the the Chinese one and everything else, it’s just amazing how fast they pulled out because of Biden’s weaponization of the thing. Your comment, David, was phenomenal.

David Blackmon [00:11:43] Well, I mean, oh, you know, I mean, the thing is, you’re absolutely right. To the extent all begins to be traded in those other currencies and some of it is right now, then that’s going to dilute the value of the dollar and its preeminence as the currency of mark in international trades. But right now, or at least the latest data I’ve seen, is that something around 90% of all trades globally are still taking place in U.S. dollars. And so as long as that percentage is that high or approaching that high, the price is going to remain the benchmark and it’s going to be expressed in dollars. But as we go through time, I completely agree with you. I think the influence of BRICS, that alliance and a lot of other factors, including, as you’ve just mentioned, the Biden administration’s weaponization of currency as a weapon of war, is is inevitably going to encourage other countries to begin making trades in currencies or other countries to start making trades in currencies other than the dollar. So over time, I mean, you know, maybe in 2025, when I look at this, I may come to the same conclusion. You did write that sometime during 2025, we’re going to see a pretty radical shift. But for 2024, it’s kind of hard to see that happening that quickly. But who knows? I mean, I’ve been wrong before. I get surprised all the time, and I fully expect a lot of these these predictions to be radically wrong so.

Stuart Turley [00:13:25] RT what do you think?

Rey Treviño [00:13:28] Well, you know, here we are talking about, you know, predictions. And again, I’m all I’m recorded saying that oil is going to average $100 last year. And well, boy, was I wrong there. I think we can you know, here we are talking about the rubles. I talked about that this morning on another interview that I did that, hey, you know, with China and Russia now doing this in rubles and yeah, it’s only 90% today or 10% today. But it is kind of scary where that’s going to go in 2024. And so when you look at the price of a barrel of oil today, you know, it’s already 30 days out. So we’re already looking at February. So really, we’re 11 months away technically in some forms or fashions from 2025 or if they’re doing it the other way, you know, 2025 starts in October. So we’re already three months into the fiscal year 2024. And I am worried because as we continue to produce here in America, we are not re resupplying what we’re doing here in America. We have just you know, I know David wrote another great piece in the Texas Alliance of Energy Producers and Tech Soldier. What’s the Texas Oil and Gas Association? But they also mentioned it that, hey, we have now, you know, produce more oil in 2023 than we have in any year. That is awesome. However, rig count is still down way over 100 rigs prior to 2020. And we are not replenishing the Strategic Petroleum Reserve. We’re not even drilling new wells as much as we should be right now. You know, here Pecos, God willing, we’re going to knock out another 8 to 12. But had this been 2020, we’d probably be somewhere between 16 and 24, you know, and the prices were a lot better and the economy was in such a better place. So really, you know, as we continue down to 20, 24. David’s comment about what’s going to happen in 2025. We’re going to be there sooner than we know it. And I’m still excited for 2024. So I’m not trying to pooh pooh on the year by any means. I know it’s going to be an epic year, but we’re already we need to be paying attention to what Rush is doing. No artists are. It’s about that. And if we can help out in any way in slowing down them, continuing to grab more countries to be part of BRICS. You know, I heard a rumor that BRICS is going to get themselves a president, and I’m hearing the very strong rumors that Vladimir Putin is wants to be president of BRICS.

David Blackmon [00:15:58]  of the incoming president next year of that organization.

Stuart Turley [00:16:02] I talked to him on the plane from Brazil yesterday, and Armando asked me about that. And when I was sitting here visiting with him, he is the president for next year RT. You bring up a fantastic point. His commitment is that he is going to bring on new members flawlessly and BRICS is going to really have a huge impact. In fact, when I was visiting with him on that airplane, that which is pretty funny, he was saying that the U.S. weaponization of the US dollar, he doesn’t mind it. It’s mind over matter because the U.S.. He doesn’t mind because the U.S. doesn’t matter anymore.

Rey Treviño [00:16:49] Wow. Well, let me ask you guys this. You know, is it Venezuela or Argentina that’s looking to join BRICS?

Stuart Turley [00:16:57] Argentina just refused to while the new one correct me if I’m wrong there, David, because I usually use a fact checker on my Rodney Dangerfield energy globe.

David Blackmon [00:17:08] Well, it’s up in the air. I mean, Argentina accepted an invitation to join in in August, but they just had a presidential election and the new president Melaye is reviewing that. They’re not. He wants Argentina to be become formally a part of BRICs. And so it’s kind of up in the air right now. He hasn’t at least as far as I’ve seen. I haven’t seen any news today about it, but I don’t think he has formally refused that. He’s just reviewing it.

Rey Treviño [00:17:37] Well, here, here’s one way that I look at this with Venezuela being part of it, Argentina reviewing it. You know, one thing about OPEC was OPEC was always over there. You know, they were they were over there across the ocean. We didn’t have to worry about them, anything like that. And yes, we’re always going to compete with them. I understand that part. But by bringing BRICS over to South America, I mean, I’ve got people crossing my borders here in Texas every day from South America. Okay. So the invasion of the oil, as far as this group coming into America is on its way. And that’s what scares me about Russia doing more business, selling their oil in the ruble is is that going to continue to transpire through South Africa of South America? Excuse me? It’ll work its way north. I mean, that’s a is the question right there.

David Blackmon [00:18:29] Good. Yeah. I mean, Brazil’s president has talked about making not just oil trades, but other international import export trades and in his own currency rather than US dollars. And but, you know, I mean, the last several years there’s been a lot of talk about that from a lot of leaders, of a lot of developing countries and developed countries like Brazil. But at the end of the day, the actual amount of money traded in other currencies has remained pretty low. And so, you know, some of that, some of those that is people saying things in order to as a negotiating tactic for deals with the United States, for example. And and so, you know, until until that percentage of dollar trades starts to move down for the U.S. currency, you just have to take it all with a grain of salt.

Rey Treviño [00:19:29] Right. So, you know.

David Blackmon [00:19:30] I do expect that move to happen in the years to come. I want to be clear about that. I do expect that to happen ultimately.

Rey Treviño [00:19:38] So me being, you know, a guy that drills oil wells for a living, Right, you know, shovel in dirt and rather than us just going out and bombing everybody, what what could we do to come back and let’s say by the end of 2026, it’s something like 5050, How can the United States how can we stop that, you know, bleeding, so to speak? Is there any formal way that we can address that?

David Blackmon [00:20:04] Yeah, I mean, the best way to do it is to stop taking on a trillion and a half dollars of debt every year.

Rey Treviño [00:20:09] Oh

David Blackmon [00:20:11] I mean, really and truly. That’s that’s the key is we’re losing financial stability and strength in the United States because of all the debt we have taken on in recent years. And. That’s neither been a Democrat or a Republican fully to blame for that. That started when Donald Trump was president and 2020 and. You know you can’t. You can’t. Pretty soon, within the next 2 to 3 years, unless something changes. Our debt payments are going to exceed the rest of the budget. Okay. The rest of the federal budget. Well, you can’t. I mean, a country can’t survive financially there with that level of debt. So something dramatic is going to have to change or we will lose that preeminent status as the currency of mark for international trade because our dollar won’t be the strongest currency in the world at that point.

Stuart Turley [00:21:08] Can I add George McMillan, who is a geopolitical fun kind of guy and what I consider an expert? You guys need to visit with him. He is got a lot of good stuff. He is said that the expectation was intentional by the war mongers. Kind of like if Lindsey Graham was a warmonger, it would be that same kind of discussion. And that is they were trying to get the debt to that point. And he feels like he by his predictions, it’s been brought in by eight years. And David, I disagree with you a little bit in in that in it is already to the point where it’s almost at the defense budget and, you know.

David Blackmon [00:21:58] It’s more than the defense budget.

Stuart Turley [00:22:00] And so George is fantastic when he talks about the left measures themselves by increasing the social programs and then the warmongers judge themselves about how many wars they can do and how much defense budget and how much money. I, i, I don’t know this, but Nikki Haley is accused to be very tight with the war machine. So I don’t know that. You know.

David Blackmon [00:22:31] I think that’s pretty obvious. Yes.

Stuart Turley [00:22:33] Thank you. I just like being fact checked.

David Blackmon [00:22:36] She’s Lindsey Graham with three inch heels. Yes.

Stuart Turley [00:22:39] So. But that measurement is Wars money back. And so the left has this. I vote all politicians out.

David Blackmon [00:22:53] Well, I’ve said many times we would have better government if we just selected 535 names at random from, you know, using Google or the phone book or whatever. You ought to use the word governance then we’re getting right now.

Rey Treviño [00:23:08] Wow. You know, you all talk about the war machines and it just blows my mind how our taxpayer dollars are going to Ukraine. And then they’re buying all of our weapons back here in America. It’s like, why do we even got to give the money over to Ukraine if all they’re doing is in turning around? And I’m not against Raytheon, Lockheed Martin. Well, you know any of that. It’s just like, why don’t we just give them the money rather than having to ship it over to Ukraine first before their weapons up?

Stuart Turley [00:23:41]  money laundering. It does occur. And why does that list and I’m going to put it in the show notes. That list of politicians that have visited Ukraine and how much money they have gotten back at it in the validity of that list is kind of frightening. You have Republicans and you have Democrats that have gone to Ukraine and they’re now millionaires. And how much money has come back from Ukraine to these charter heads? Sorry, I’m getting all groomed out.

Rey Treviño [00:24:18] Well, you know, we talk about that. You know, you just look at back on the energy side of things and here we were talking about now the Red Sea. And if the debacle in the Red Sea is going to be the domino that really tips oil prices up. And, you know, wasn’t the war in Ukraine by Russia invading supposed to be the one thing that just shot oil prices up to, you know, high? Now we’re hit for $71 oil. So, you know, what’s it going to take for oil to hit that high to where, you know, the big boys, the Chevrons, the Exxon’s open up to drill and also then, you know, something’s going to happen to where we can get excited about drilling oil wells here in America. That’s going to add jobs. But then also we replenish what we’ve depleted over the last 16 to 18 months.

Stuart Turley [00:25:09] Absolutely Fantastic points. Do you think, though, the fear of the market of demand is the thing holding it back RT and David.

David Blackmon [00:25:21] I think that there’s a lot of factors that have held the investment back.

Rey Treviño [00:25:26] Yeah.

David Blackmon [00:25:26] You know, I mean, ESG being a big one, the demand strong. You know, there’s a great. I. I swear I saw an article this morning talking about weak demand. I don’t remember if it was an oil price or something we call demand. It’s why oil prices are low. Well, all the balance grows every month.

Rey Treviño [00:25:47] Yeah,.

David Blackmon [00:25:48] It was up 2 million barrels a day last year. It’s going to grow another 2 million barrels a day this year. That’s not why prices are low. Prices are low because supply is exceeding demand. Simple as that. And the United States has played a big role in that. We increased production overall in the United States, even with a falling rig count by almost a million barrels a day in 2023. You know, So, I mean, when you got that to the United States, you’ve got Guyana now producing half million barrels a day. It’s going to be over a million barrels a day in two years. You have West Africa booming offshore. You have all these boom areas now across the globe that is more than exceeding the rise in demand. And that’s why prices are soft and they’re going to stay soft. And unless there’s a recession that kills me.

Stuart Turley [00:26:42] Then I’m going to do my Biden imitation here real quick. I’m leaning in for our podcast listeners. Hey, David, I know how to poke you. And when you get poked like a bear, you’re fun. Hee hee hee hee. Already? I was sitting here going, Poke.

David Blackmon [00:26:59] That wasn’t really much of a rant. Really.

Stuart Turley [00:27:05] RT can you poke David any better?

Rey Treviño [00:27:07] No, no, I’m good. I’m good. I’m going to put you to do that.

David Blackmon [00:27:13] I had a really good rant on the the Energy Transition podcast Tuesday. Yeah, I don’t even remember what it was about now, but boy, I really got mad about something.

Rey Treviño [00:27:23] But I feel so good. You blacked out while you were in it.

David Blackmon [00:27:25] Yeah.

Rey Treviño [00:27:26] Yeah, we.

Stuart Turley [00:27:27] Nice.

Rey Treviño [00:27:28] Will. For our listeners and viewers out there that haven’t checked out the energy transition with you and Armando Cavanha and Tammy Nemeth and Stu Turley, I definitely recommend it. And the reason why is because you’re getting a perspective from literally all corners of the world, and you can’t get no better than that. Then, you know, you can hear us talk all day long, but, you know, let’s see what else is going on outside of Texas, outside the world. And guess what? It’s happening all over. That’s a little bit worried for some to me. Well, that’s not happening just here.

Stuart Turley [00:28:02] It sure is nice that Armando likes hiring the handicapped. You know, I’m the the the one handicap on there because Irena is so cool. Tammy is so cool. And I just absolutely love Armand  David. I really worship. But we’ll leave that alone.

David Blackmon [00:28:23] I’m just there to add the comic relief.

Rey Treviño [00:28:27] There it is.

Stuart Turley [00:28:28] All right, now we’re getting mean. Hey, we get about two more minutes here, guys. David, what do you. I love your article on Substack. It’ll be in the show notes. What do you see for Big E’s coming around the corner on your thing? I think nuclear is is going to have a resurgence around the world. It’s going to be slowed because of the regulatory legislation through regulation. I see natural gas coming big in just like I mentioned yesterday in the thing China has just blown up, as we say here in bear country, blow to their natural gas production. What do you think?

David Blackmon [00:29:09] I think coal’s going to have a better year than anybody, but mainly because of China and developing countries needing cheap and affordable and easily access to energy to build their economies. And I think we will use record amounts of coal again this year, just like we have the last two years and all have a strong year despite the kind of soft price natural gas. Though I agree with you, natural gas is is a growth area again, for the same reasons that coal is a growth area. Because because countries concerns or concerns, they’re prioritizing energy security over climate priorities. And so they’re looking for reliable and inexpensive. Forms of 24 seven. Energy and wind and solar don’t provide any of those factors. Gas and coal do. And so natural gas and coal are the the growth areas. Nuclear will come eventually for 2024. I don’t really see it making a great deal of progress. Just what you said, a slow, slow change in regulation and frankly, all these trillions of dollars that are pouring into renewables. And so renewable lobbies in the United States and other free, free countries are are going to lean on policymakers to slow, slow play adoption of nuclear. And I just think it’s in a it’s in a really tough spot politically.

Stuart Turley [00:30:50]  RT.

Rey Treviño [00:30:51] I want to piggyback off of David with the nuclear for 2024. You know, I think, you know, I’ll do a quick shout out to Miss America 2023. GRACE Stanke. She’s done a great job advocating this year, and I think that’s going to be part of her mission in life with her. No, she just graduated from Wisconsin with a nuclear engineering degree. But I think 2024 needs to be the year of education. I think a lot of individuals still have a very bad fear of nuclear. You know, the other day I told some people how Abilene Christian is partnering up with, I think Georgia Tech. You know, that whole thing that we’ve talked about the past and they’re like, well, does the people know that there’s going to be a nuclear reactor there? And none at all. And it’s like it’s pretty safe. And so we really just need to do a better job right now of sharing with people how safe nuclear really is. We just have that bad stereotype with it. And, you know, I will say I think one day, once I can figure out how to how to, you know, turn it into something like oil and gas, I’m pretty sure Pecos will be right there with it as well, because it’s something for the future. And like you mentioned, natural gas. You know, we talked about it last week on our show with Dr. Ed Ireland. It’s just too perfect of an energy source not to use it right now. And really, it probably should be worth a lot more than what it is, a $2 an MCF right now.

Stuart Turley [00:32:19] You know, guys, I just really love hearing your feedback and everything else. I do think solar’s is going to creep up and I think wind is really got some headwind. And so

David Blackmon [00:32:35] Wind has headwinds. That’s that’s a play on words.

Rey Treviño [00:32:37] Well,

Stuart Turley [00:32:39] You know, I had another play on words a little while ago that I love.

Rey Treviño [00:32:45] Well, we might have missed that when.

David Blackmon [00:32:47] We missed it.

Stuart Turley [00:32:47] It was the mining one. Never mind that. We appreciate everybody. We will love all the fans feedback. David, how do they get a hold of you?

David Blackmon [00:33:00] Substack David Blackmon substack dot com.

Stuart Turley [00:33:03] Great! RT How do they get all of it?

Rey Treviño [00:33:05] Oh man. Go to our website. The crude truth dot com and reach out there.

Stuart Turley [00:33:10] All right in my name Stu Turley You can find me at energy news beat dot co or dot com And we want to talk to any energy expert or I don’t care. Wind, solar, humanitarian, bitcoin, love massive bitcoin. It is fabulous. Have some fun, guys. See ya.





3 podcaster walk into a bar, David Blackmon, RT Trevino, Stu Turley

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