It is one thing when 3 friends go to a bar. It is another thing when your Uncle starts a joke with, “There were these 3 guys walk into a bar…”. And then there is us. Three podcasters are banding together to talk about energy, politics, the good, bad, and homely in the oil and gas markets.
This episode won’t let you down; we have fun and cover the current energy crisis. So sit down, and enjoy!
RT Trevino, E&P owner, David Blackmon, Forbes Author, and Stu Turley, Well, we are not sure what he does, but all have a blast kicking energy around.
Highlights of the Podcast
00:00 – Intro
05:23- Talks about election reform
08:31- Talks about Bloomberg Saturday
11:52- Talks about Inflation Reduction Act.
13:18- Talks about the mass movement
17:42- Talks about conspiracy theories about Chinese Oil company
19:38- Talks about million barrels from the SPR
30:59- Outro
Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Stuart Turley [00:00:09] Hey, everybody. The day is one of those old days. You have to remind yourself and say. Did your goofy uncle ever say three guys walk into a bar and everybody duck Run? Or was like, Oh, what kind of joke is coming around the corner.
Stuart Turley [00:00:27] I got one for you here. We got three podcasters walk into a bar. My name’s Stuart Turley, president, CEO, the Sandstone Group, and I get to compadres of just. Unimaginable magnitude in the energy space. First, around the corner we got our RT Trevino, and he is the podcast host for The Crude Truth and an NPR operator. And Paco’s operating. And welcome. Thank you for being here.
Rey Trevino [00:00:58] Oh, thank you to Stu. I’m excited to be here.
Stuart Turley [00:01:00] You too. Are you like veterans now?
Rey Trevino [00:01:03] Thank you. To you. To you.
David Blackmon [00:01:06] We haven’t.
Stuart Turley [00:01:06] Even started the project again.
David Blackmon [00:01:08] Yet.
Stuart Turley [00:01:10] Right now we’re coming to David Blackmon. Art and I have had to work. I just swallowed a bug in the bar. Hi, David and I have had to really work on on our art and I have had to work on David. He’s actually smiled twice on our first two episodes, and so we’re having to really work on him. He’s not.
Speaker 4 [00:01:33] Our personality.
Stuart Turley [00:01:34] Yet. Oh yeah, he’s energy knowledge. He writes for a lot of publications. He has his own podcast. It’s the energy question and unbelievable. He writes all the time, has his own substack and I see all of his material, so I really appreciate you being here on part of the team.
Speaker 4 [00:01:57] Well, I get all mine from our team, so we’re, you know, it’s just this endless loop.
David Blackmon [00:02:00] Right.
Stuart Turley [00:02:01] Yeah. It’s called Podcaster is like a brother of the bond. I’d like to say we’re like Marines, but we’re too stupid to be Marines.
David Blackmon [00:02:09] Oh, wait, wait.
Speaker 4 [00:02:09] I also. It’s still a lot of material from Arena Slav, I should mention that as well. Give her.
Stuart Turley [00:02:14] Credit. Oh, absolutely. And she was so nice the other day I was talking to her and she said, You can steal anything from me. And I’m like, okay, she didn’t have to say that twice, man. I’m like.
David Blackmon [00:02:28] Okay.
Stuart Turley [00:02:29] Anyway, David, you’re first up. What do you got coming around the corner?
David Blackmon [00:02:33] Oh, man. Well, you know, we just passed this what they call the Inflation Reduction Act which just came. Right out of a George Orwell novel. And now, you know, we’re going to move on to Joe Manchin’s phantom permitting bill that supposedly, Chuck Schumer and Nancy Pelosi agreed to help him move in exchange for his vote for for the big bill.
David Blackmon [00:03:00] And I think everybody in the country, except for Joe Manchin, understands that neither Chuck Schumer or Nancy Pelosi is going to lift a finger to help him do this permitting bill.
David Blackmon [00:03:13] So what we’re going to be left with is a big effort by Senator Manchin to. You know, is I don’t even know what to say about him, frankly. But he’s going to have to find a bunch of Republicans to vote for this bill and a bunch of Democrats because a lot of Republicans won’t support it under any circumstances and a lot of Democrats won’t.
David Blackmon [00:03:35] And it’s going to be quite an exercise come September. And I think the point I want everyone to understand about it out there is that if you’re going to speed up permitting for energy projects in the United States, which is what this bill supposedly is going to be about, what it’s going to mean is you’re going to have to reduce protections for the environment.
David Blackmon [00:03:59] Because every major hold up in the permitting process related to any energy related project in the United States is based on protecting the environment. It just is. It’s the Clean Water Act, the Safe Drinking Water Act, the Clean Air Act, the National Energy Policy Act, the Endangered Species Act.
David Blackmon [00:04:19] That’s 95% of the obstruction to obtaining a permit for an energy project. So I just pose it to you guys. How many Democrats do you think in Congress are going to vote for a bill that’s designed to reduce protections for the environment in this country?
Rey Trevino [00:04:38] Zero.
David Blackmon [00:04:39] Yeah. I mean. So who’s going to pass this bill?
Rey Trevino [00:04:44] You know I don’t think this bill is likely to get passed until they actually have that conservative wave in November. So that would be, what, February of 23? Yeah, Maybe.
David Blackmon [00:04:55] Maybe, Maybe, maybe. But it sure isn’t going to pass and say.
Stuart Turley [00:04:58] Hey, guys, hey, hey, I’m going to sit back and talk like Tony Soprano here for a second. Okay. What happens to the voting machines or the mail in ballots. There will only be a red wave if they get the voting taken care of. Oh.
Rey Trevino [00:05:16] Oh, okay.
David Blackmon [00:05:17] Okay.
David Blackmon [00:05:18] Well, I you know, I think there’s been a lot of good laws passed on on election reform since you’re saying 20.
Stuart Turley [00:05:25] If there was any.
David Blackmon [00:05:26] You’re never going to be able to do anything about what happens in cities like Atlanta and Philadelphia and Milwaukee. Yeah. You know, so you’re it’s a good point. It’s a very it is.
Rey Trevino [00:05:36] I you know, I, I have to I understand fully what the do believe me, I can I like to say, you know, hurry up or oh my gosh, I really need another permit. I just lost five feet or, you know, 300 feet over there.
Rey Trevino [00:05:53] But like you said, David, that they are there for clean water, for the clean air, for the endangered species. You know, again, it gets back to the whole reason why United States is the number one cleanest place to drill oil well, because we actually do care about the environment. But I do to our team.
Stuart Turley [00:06:15] David, let me let me throw this animal at you. I was talking to Mike Rowe. He’s an operator and finance amp operator out in Kern County, Colorado, and he was out there and at one of his YouTube videos was funny.
Stuart Turley [00:06:32] He got delayed. I think it was a year I have to go fact check myself. But it was a year because of the leopard. Uh, zoom Oobleck got a lizard that he had to be held up on, and he’s out there, you know, zooming his camera around on a lizard. Okay?
Stuart Turley [00:06:52] And then he shows it like this, and there’s 9000 miles of desert, you know, and it’s like there’s nothing there. But it still took him a year to get that puncture.
David Blackmon [00:07:04] Oh, yeah. I wrote a column two or three weeks ago in Forbes about a lithium miner that they’ve got under lease right now. They have access to a deposit of lithium that would be able to supply about 40% of the United States lithium requirements for the next 30 years if they’re able to to to mine this lithium. They’ve been held up for almost three years now trying to get a permit under the Endangered Species Act to protect ten acres of buckwheat. Of one acres of buckwheat.
Rey Trevino [00:07:39] You little rascals isn’t on anymore, David.
David Blackmon [00:07:42] I’m telling you. I’m just saying that’s the truth.
Stuart Turley [00:07:46] We’re talking from the Little Rascals. What did you say?
David Blackmon [00:07:49] This is Buckwheat, the actual plant.
David Blackmon [00:07:52] Oh, and.
Stuart Turley [00:07:54] He’s been dead for a while.
David Blackmon [00:07:56] I’m just telling you, man. So? So an environmental group called the Center for Biological Diversity identified this. This buckwheat plant that supposedly is a unique strain of buckwheat that only exists right there. Right there. And they’ve spent three years haggling with the U.S. Fish and Wildlife Department. Under the Endangered Species Act to to develop a plan to protect ten acres of buckwheat.
Stuart Turley [00:08:25] Okay. Let me ask this. There was an article, I believe it was in Bloomberg Saturday that said on some mining, I’ll have to go look. But it said it takes an average of 16 years from the date they get a mine approved till they’re in copper in copper mines in the U.S. if they wanted to hit a new 116 years from the date of the approval before, it’s a real working mine.
David Blackmon [00:08:57] That story was in a Bloomberg. You read my piece in Forbes saying, You got me laughing now. That’s absolutely right. And, you know, and we’ve both supposedly you’re exactly right. But we’ve taken 16 years to do that. You’re going to need double the amount of copper you’re producing today. And we only got ten years to save the Earth. So how is that all going to work that faster.
Stuart Turley [00:09:29] Burn out here? You know, Ray, I’m cutting you.
David Blackmon [00:09:32] Off and I’m quoting.
Stuart Turley [00:09:33] His articles, and he’s over there laughing at me.
David Blackmon [00:09:38] Well, what’s going on there, man?
Rey Trevino [00:09:41] You know, I read this one article this one time from this one person down the street, and then next thing you know, I kind of read the footnotes at the bottom of the article. So, you know, you just know where you get your information from. So just, you know, it’s a good.
Stuart Turley [00:09:56] Thing they said you can’t read R.T.. No, no, no. Not having said that.
Rey Trevino [00:10:01] But, you know, you talk about articles, at least you like said something. You know, this day and age, you know, I grew up in an era where you had to cite your sources. You had to, you know, say what book you got it from, what page you got it from. Who was the publisher of that book, I think also right and right.
Rey Trevino [00:10:18] Nowadays, it’s like I just I just oh, somebody told me this, you know, and at least at least you at least throughout a , I don’t know if they’re a respected news outlet, but at least you threw out a news outlet before you write in sort of foot and mouth.
Rey Trevino [00:10:38] But no you’re absolutely right. You know, the joke there, David, would be we’ll just get Al Gore to figure out how this ten years to save the world in six years, get the copper to really do its thing. But but no, I mean, let’s talk about the fact that, you know, to drill or not to drill, so to get these new mines into action, how much damage that truly does to the environment, especially for these lithium mines that they’re going to need. And then also the what’s the other real important?
David Blackmon [00:11:12] Well, there’s lithium. There’s copper.
Rey Trevino [00:11:14] Cobalt, cobalt. That’s one. Yes, cobalt. And I mean and lithium and cobalt are I mean, those mines look, I understand and they’re important. I mean, they’re in batteries today that I use when I use a flashlight to check check my. Well, sometimes they don’t have lights. So, I mean, it’s important stuff. However, to mass produced for these clean cars just makes absolutely no sense. But again, it’s like we said before, we’ve lived in an upside down world for at least since 2060.
David Blackmon [00:11:47] No doubt about that.
Stuart Turley [00:11:48] Let me throw this squirrel at you. So we’re sitting here talking about the the Inflation Reduction Act. That’s actually there was another quote that I thought was absolutely phenomenal. And they said that this may have come from Artie’s article, that it was it was actually they said that. There will be a .33 decrease in inflation after nine years. And until then, it’s going to increase. So. Who named this ugly babe?
Rey Trevino [00:12:25] Well, I mean, it’s it’s all about these days. What we see. I mean, I have to pull out my notes here. Excuse me, but, you know, it’s the Inflation Reduction Act, which, like you just said, over nine years were lowered by 0.33%.
Rey Trevino [00:12:41] And the main reason why, guys. Is because we’re going to have $313 billion in new taxes. $369 billion is going towards the Green New Deal. 64 billion is going towards Obamacare. And then, you know, let’s not even mention that the doubling the size of the IRS, they’re going to throw another 80 billion into that. So how are we going to reduce inflation when we’ve just added almost $2 trillion right there alone to to the debt?
Stuart Turley [00:13:14] One of those facts I’m going to interrupt again. I’m sorry. You guys are going to have just like chained me in the corner. Tell me the mass movement is just so rude. But you sit back and kind of go. The one of the worst things about this was the slush funds that are in that bill. There are several slush funds that have that are.
Stuart Turley [00:13:35] One of them is for 500 million for Congress to do at will. And they’re really not sure what it’s supposed to be for. So I’m sitting here with a crayon looking at that thing going, hey, even I can see that that’s got no accountability with it. That’s almost like, hey, wait a minute, maybe that’s why. What’s her name from Wyoming. Got $36 million in six years. Maybe that’s how they get it.
Rey Trevino [00:14:05] Well, if I may, you know, and I’ll quote the president, the current president. Two weeks ago, you talked about who knows what I think. He said. God knows what else is in this and.
David Blackmon [00:14:15] God knows what else.
Rey Trevino [00:14:16] Is God knows what else. I mean, one thing.
David Blackmon [00:14:19] That’s.
Rey Trevino [00:14:19] Sad is Obamacare, which says, hey, let’s pass it. They will know what’s there. Oh, Democrats were in office. The Senate Democrats are in office now.
David Blackmon [00:14:28] Is this thing.
Stuart Turley [00:14:29] You know, at my age, I’m just happy when some things pass.
David Blackmon [00:14:33] Well, some things I guess you’re always happy about. Yeah, I’ve had that experience myself many times. But no, another slush fund that’s in. There’s a $13 billion slush fund and there’s two, four, four renewable infrastructure projects on transmission lines. And it’s a $15 billion allocation for which only a handful of projects are actually identified. And the other $14 billion is just sitting there unallocated. Right?.
David Blackmon [00:15:04] So what’s going to happen with that money over the next decade? It’s going to get allocated for all sorts of other purposes when these projects don’t materialize. And the reason they’re not going to materialize is what you all talked about earlier, is that we’re not going to permit the mines to recover the lithium that makes all of this stuff go, okay, We’re we’re not going to be able to meet a 900% projected demand increase for lithium by 2032. That’s what the International Energy Agency projects, not me. You’re not going to be able to increase lithium supply by 900%. You’re just not. And so.
Stuart Turley [00:15:45] Your information from the IEA.
David Blackmon [00:15:48] Well, you know, that’s what they say. And if they’re saying it, then they’re probably underestimating it, because I was just a propaganda agency and we all know it.
Rey Trevino [00:15:59] Can’t be the same ones that said that oil usage is going to go down in the next year or so.
David Blackmon [00:16:05] Yeah.
David Blackmon [00:16:06] Yeah. A year ago, they said there’s no reason to allocate another dollar of capital to finding new oil because we won’t be using it.
David Blackmon [00:16:15] And you.
Stuart Turley [00:16:16] See their quotas exploded.
David Blackmon [00:16:17] Since.
Rey Trevino [00:16:18] Yeah.
Stuart Turley [00:16:19] Did you see their quote last week which they said last week, they said oil prices are going to remain stable at $100 to $120 mark because no investment has been made and we need several trillion dollars. So that figures that kind of a thing would happen from them.
Rey Trevino [00:16:38] Yeah, every now and then they keep saying something a mess up and say the truth sometimes, right?
Stuart Turley [00:16:43] That would be The Crude Truth.
David Blackmon [00:16:45] I don’t think that’s the goal. I don’t think that’s the goal of the IEA.
David Blackmon [00:16:49] Yeah, that’s true.
David Blackmon [00:16:51] Call me silly.
David Blackmon [00:16:53] Oh, well. Okay. All right.
David Blackmon [00:16:56] What do we got? What’s the next subject?
Stuart Turley [00:16:59] Well, when we sit here and talk about you brought up our beloved president.
David Blackmon [00:17:05] Who did.
Rey Trevino [00:17:06] They love?
Stuart Turley [00:17:06] Some of the pictures that we have of him. I mean, you can’t you can’t buy this kind of entertainment, you know.
Rey Trevino [00:17:15] And that’s a recent picture because of the equipment that the president uses is black and white. You know, so old, you know, is one of those. It ain’t. And it’s it ain’t. It is the camera that they have.
Stuart Turley [00:17:28] I’m sorry. I got a squeal on him here for it is when he reads the teleprompter and it was like in line. Repeat.
David Blackmon [00:17:38] Cause.
Stuart Turley [00:17:39] Paul. Gotta love that.
David Blackmon [00:17:41] Lift.
Stuart Turley [00:17:42] Can we talk about conspiracy theories? And one of the conspiracy theories I have is all these robo calls that happen on everybody’s phone. I think these robo calls are actually the CIA calling, trying to get a hold of you to verify that If you answer your phone, it’s you. Hmm. I try that.
David Blackmon [00:18:02] One.
Stuart Turley [00:18:03] Okay. Just kidding. Okay. No, I’m not. Okay.
David Blackmon [00:18:06] Serious paranoia you got going right there.
Stuart Turley [00:18:09] No. Somebody else told me that when I stole it, it was a great idea.
Rey Trevino [00:18:12] Next. Next time we do one of these, it’ll be in lock down in a bunker somewhere deep in the heart of a base. Mark Levin Style. Turley Watch out. Hey.
Stuart Turley [00:18:26] Anyway. Okay, so everybody says that there is a conspiracy theory out there that Hunter Biden may have some relationships with a Chinese oil company. Now that same oil company just bought a million barrels of oil that Biden released out of the SPR. Now. Hunter Biden is still on that dang board.
David Blackmon [00:19:02] I am not.
Stuart Turley [00:19:03] Kidding you is not. I don’t even have to go find his laptop to tell you that.
David Blackmon [00:19:10] Did they did they give a 10% cut to the big guy?
Stuart Turley [00:19:15] That’s what I want to know. Why don’t we go ahead and take a look at that? I tell you what. I’d love to have that. But you know what? If they’re going to invade Mayor Lago, they would definitely come get my little tiny beer cabin.
David Blackmon [00:19:30] So go ahead. Go ahead.
Rey Trevino [00:19:32] Go ahead. Go ahead.
David Blackmon [00:19:34] I was just going to say, yeah, the truth is that 4 million barrels from the SPR have been bought by the Chinese, been exported to China. And people, you know, people do.
Stuart Turley [00:19:44] What are the odds of those.
Rey Trevino [00:19:46] Million barrels.
David Blackmon [00:19:48] Or million barrels that have been released have gone to China, you know?
Stuart Turley [00:19:51] Okay. And I want to know if they got a discount.
David Blackmon [00:19:56] Well, it’s an interesting question because, you know, they’re getting a discount on all that Russian oil they’re buying. So.
Stuart Turley [00:20:02] Yeah. In India. Auntie, this looks like me and you. You know, I’m Putin. I do a great Putin imitation. Irina just said, Stu, you’re a lousy Putin imitation. She is very truthful. But you and I had talked about several times the amount of oil India is buying from Russia. I mean, more power to him. They need the power. I have no problem with India buying everything they possibly can.
Rey Trevino [00:20:34] They do. And so does China. You know, they are still both up and coming middle class, you know, countries that are part of the reason why we’re going to continue to see the demand only go up over the next few years for oil.
Rey Trevino [00:20:50] And, you know, I can’t stop a country from buying Russian oil, you know. I would like them to buy more from us. But, you know, I guess right now, with all these sanctions and everything, they’re just getting it from the back door from Russia, which is kind of already technically on the same continent. So I’m sure it probably costs a little bit less to get it over there from point A to point B, Right.
David Blackmon [00:21:13] And why wouldn’t they buy the oil from Russia? They’re part of the BRICS alliance with Brazil, Russia, India, China and South Africa. What did our governments in the United States and Europe expect to happen when we invoke these sanctions on Russia? Where did they think the Russian oil was going to flow?
David Blackmon [00:21:34] This is I mean, this is not complicated. It’s not rocket science here. And, you know, these these governments in the West have such a hyper inflated sense of self-importance. And that it’s really costing us all now because the sanctions aren’t hurting Russia.
David Blackmon [00:21:56] The sanctions are hurting consumers in the United States, in Europe and all over the rest of the world because of all the displacements and energy distribution that is happening. And it’s the biggest backfire probably in world history right now. And turn to the global.
Rey Trevino [00:22:17] It’s you know, lack of a better preacher, brother, preacher. I mean, you said it. It’s the global economy that we have. And, you know, I do hope that we can get out of this by drilling more. And I do believe that here in the United States, we can, you know. Across the world.
Rey Trevino [00:22:37] However, with the sanctions that Russia has with this, you know how many you know, and it’s still a war which God forbid, a war going on. But with all of these things still continuing, how is it that Russia is still making billions of dollars right now with all the sanctions on them and they’re spending tons of money on a war? It just makes no sense.
Stuart Turley [00:22:59] In their party?
David Blackmon [00:23:01] Yeah.
Stuart Turley [00:23:03] I did another paper a couple of weeks ago and they are they were up 14 billion several months ago, up over what they expected. They only thought that they were going to increase their energy exports from 35% to 37 and they may hit 40% of their budget increase. That is a huge chunk of money that they’re going to make on it. And I can’t remember if I stole this from you, R.T., but I do that that it’s now for I think it’s $480 equivalent for natural gas in Europe this morning.
David Blackmon [00:23:47] Yeah. Yeah. Wow.
David Blackmon [00:23:49] That’s yeah, I saw a chart from Josh Young, you know, advice and interests he posted on Twitter and it was almost 500.
David Blackmon [00:23:58] Wow.
David Blackmon [00:23:59] There’s a barrel of oil equivalent.
Stuart Turley [00:24:01] All right, so I’m stealing from Josh now.
David Blackmon [00:24:03] Yeah, well, I steal from Josh all the time. Do all these smart people stuff?
Stuart Turley [00:24:10] Lord knows I need all the smart stealing I could do.
David Blackmon [00:24:14] Wait.
Stuart Turley [00:24:15] That makes me a politician.
David Blackmon [00:24:16] Oh, yes. Yeah, exactly.
David Blackmon [00:24:18] Or stupid stealing if you want to be a politician. They don’t discriminate based on intelligence.
Stuart Turley [00:24:25] Well, you know, my middle name is PYD. Pier two.
David Blackmon [00:24:29] Oh, okay. Man, I’m slow on the uptake.
Stuart Turley [00:24:33] Sorry, Stoop. My middle name is Pitt.
David Blackmon [00:24:40] And I have gotten three spam calls in the last 10 seconds. I don’t know what’s going on.
David Blackmon [00:24:44] The killer.
Rey Trevino [00:24:46] Joke. I want to make sure David Blackmon’s, the black that.
David Blackmon [00:24:49] Yes.
Stuart Turley [00:24:49] Do you have your Amazon Alexa or whatever?
DavidBlackmon [00:24:53] No, I don’t. I don’t talk to machines.
Stuart Turley [00:24:56] They’re, you know, creepy.
Rey Trevino [00:24:59] Why do you have one? I don’t have one. I have to set up my Twitter account and my Facebook that I have.
Stuart Turley [00:25:06] You can barely breathe on our TV as soon as you mention a technology piece of equipment. Unless you’re drilling a hole, you have no clue about technology. You’re one of the best technology guys I know when it comes to drilling a hole.
Rey Trevino [00:25:23] Thank you. You know, I just want to focus on that. Laser focus. Lock it, Lock it.
Stuart Turley [00:25:29] Yeah. If there’s drilling and there’s an invasion, I’m calling you. Yeah, but anything else? I’m not calling.
David Blackmon [00:25:36] You.
David Blackmon [00:25:38] So what was the question about Alexa? About.
David Blackmon [00:25:41] Oh, yeah.
Stuart Turley [00:25:41] Oh, yeah. I was sitting there and I was talking to my wife about Osprey luggage, and I’m sitting there. Hey, I want. You know, I want to buy ospreay. Like, never searched for it, never did anything else. And my wife is sitting right here, and I have on my computer and Amazon pops up on a pop up on my computer and go, Hey, we’re having a sale on Ospreay luggage.
David Blackmon [00:26:07] Yeah
Stuart Turley [00:26:07] I’m like. You know.
David Blackmon [00:26:10] I’ve had that experience, too. We don’t have products like that.
Stuart Turley [00:26:13] I’m like, Alexa got launched out into the lake. There’s no way that I’m going to have that. Dude, listen around.
David Blackmon [00:26:21] No.
David Blackmon [00:26:22] The only machine I talked to is this computer to you guys.
Rey Trevino [00:26:25] Do it, and it’s on a safe, secure line, right?
David Blackmon [00:26:29] No. Right. Yeah. Yeah.
Rey Trevino [00:26:31] You know, you say that had a bunch of the old family oil and gas companies use and literally have, like, one computer that had Internet capabilities, and it wasn’t connected to any other computer, like, probably.
Rey Trevino [00:26:46] And so I think they finally started moving away from that, the 2000. But it was like they didn’t want nobody to hack you, you know, Hey, you know, some secrets are important to keep when it comes to, you know, what are you drilling a higher drill of it sometimes. And so yeah, they would have like one computer in one office, one place, and that’s it.
Rey Trevino [00:27:05] So I guess that’s kind of where my old school mentality comes because like I said, you know, I don’t have ah, I do. I mean, I’m not going to sit here on TV on the podcast and say, Hey, check them out, because they’re not quite ready yet. They’re not ready for primetime just yet, as we would say, you know.
David Blackmon [00:27:21] So.
Stuart Turley [00:27:22] Well, your your computer is like a x t.
Rey Trevino [00:27:31] It’s old and it’s bulky, and it might make you feel a little bit older. But, hey, my laptop still works. I still get the Internet and it’s got Bluetooth.
Stuart Turley [00:27:40] All right. Well, I’m old enough that I actually sold some of those X TS.
David Blackmon [00:27:45] Oh.
David Blackmon [00:27:47] I’ll never forget the first time we got an X at Burlington Resources on our accounting firm. I thought I’d died and gone to heaven.
Stuart Turley [00:27:56] And most people don’t realize 286, three, 86 or 86. But I actually sold one of the few. It was an ex ti 80 combination. There were 30 of them made and I called IBM tech support. And they go, You got it wrong machine. That was not supposed to ever be, you know, cut out. And I’m over here poking this thing in the eye or trying to keep rebooting it like a normal technician. And it’s only one of 40 in the world. I happen to get.
David Blackmon [00:28:26] One.
Rey Trevino [00:28:27] Like a normal thing, mission control, because some glitches started back to fix it.
Stuart Turley [00:28:33] All technical people, you know, whenever you have a server or anything else, they always say just poke in the eye or reboot it. And it’s like, reboot.
David Blackmon [00:28:40] Reboot it.
Stuart Turley [00:28:41] All right. Now, this is a normal bar conversation, guys. We go.
David Blackmon [00:28:46] Oh, I know. We got way off on a tangent there.
Rey Trevino [00:28:48] Oh, yeah, that’s right. Oil and gas. Yes.
David Blackmon [00:28:50] Yes.
Stuart Turley [00:28:51] What’s coming around the corner this week for you guys and energy?
David Blackmon [00:28:56] Whoo!
David Blackmon [00:28:57] Well, I got to fill my car up with gas, so that’s a major investment. I’m probably going to have to take out a loan. Now, gas prices are way down, though. Really? I mean, actually, yesterday I filled up for 3.79 a gallon, so that’s nice.
Rey Trevino [00:29:10] Dave, They got you. They got you. No, that is not nice.
David Blackmon [00:29:14] No, I know it’s nice.
Rey Trevino [00:29:16] Well, years ago, when we get back down to 250, then we’re good. That’s where they want us to be. Think, you know, get to this conspiracy theories, you know? You know, like that. That’s how they want us to feel. Like, Oh, we’re paying 345 guy.
Rey Trevino [00:29:30] I think I pay 325 and I’m still like, God, you know? But no, I think it’s got a I agree with David on that one. I’m about to fill up my vehicle this week, so that’s one thing. But but no, just for me this week I’m focused in over at Vegas and all the operating things that pay the bills.
Rey Trevino [00:29:48] And we’ve got some new leases that we finally are going to start to work on. And it’s a workover rigs out there and start to start giving some love to the old wells and hopefully they can, you know, make some new oil and start clearing an area for the new well that we’re going to drill here in in October.
Rey Trevino [00:30:06] But but that’s really what’s on the plate this week. Next week, I think, is going to be a pretty good week as far as The Crude Truth and you podcasters walk into a bar. But this week, I’m going to I’ve got to take care of the bills, I got to go work pay goes country operating this.
Stuart Turley [00:30:23] You bet. Hey, I got to give you a shout out, Artie. You did great getting us on that Mack Truck radio thing. That was a heck of a lot of fun.
David Blackmon [00:30:33] That was fun. That was a good half hour.
Rey Trevino [00:30:35] Yeah, it was a good time. Yeah. Was it mad? Mad Dog Road. Dog SLED Road. Sex in road.
David Blackmon [00:30:41] Dog truck Sex in Channel 146.
Stuart Turley [00:30:44] Oh, Didn’t even ask us back. We must not have offended them. Too bad.
Rey Trevino [00:30:48] I know. That’s what I was surprised at first. Oh, yeah. I mean, I’ll come back any time you want The guy, we’ll let David. It’s pseudo like.
David Blackmon [00:30:56] Okay, well.
Stuart Turley [00:30:59] Well, that guy is. We’re going to check out of the bar and it’s now closing time, So thanks, everybody. We’ll see you guys next time.
David Blackmon [00:31:08] Audios
Rey Trevino [00:31:09] Audios