April 13

Episode #20 of the 3 Podcasters Walk Into A Bar – Talks about Oil Prices and Recession & East Palestine OHIO


Episode #20 of the 3 Podcasters Walk Into A Bar – Talks About Oil Prices and Recession & East Palestine OHIO

Highlights of the Podcast

00:00 – Intro

03:35 – Talks about Oilprice.com Article Talking about how they’re expecting the price of oil to be over 100 here at least come summertime and through the rest of the year

05:02 – Talks about Oil Prices and Recession

07:42 – Germany Recession to Depression

10:05 – Talks about Coals and LNG

13:51 – Talks about Coal and Natural Gas

16:49 – Talks about East Palestine OHIO

20:03 – 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,

[email protected]




Other Sandstone Media Energy Podcasts – Check them out! Sponsorships are available, or get your own produced by Sandstone Media.

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

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 in a Bar Episode #20 – Talks about Oil Prices and Recession & East Palestine OHIO


Stuart Turley [00:00:13] Hey, everybody, Welcome, today is just a great day because I get to talk to two of some of the best compadres on the planet. You ever had an uncle start up at a Christmas party or a holiday or a 4th of July and he says these three guys walked into a bar.

Stuart Turley [00:00:31] Well, this is three podcasters walk into a bar. And I got two other two podcasters here. I got David Blackmon. I mean, he is a Forbes contributing author. He is a legend and a man about town. How are you David?

David Blackmon [00:00:46] I’m just fabulous, man. Just got back from my cruise in Mexico and ready and raring to go.

Stuart Turley [00:00:52] Oh, hogwash. You look so tired you can’t even see.

David Blackmon [00:00:57] I’ve had 48 hours to recover. Oh, I’m good.

Stuart Turley [00:01:00] No, you’re not. All right. Hey, we’re going around the corner here to our t. I mean, we’re talking RT Trevino. He’s a big dog over there at NPR operating and I’m sitting here trying to talk like him. And the operating Camp Oil and Gas company here in the Dallas Fort Worth area. He’s the podcast host for The Crude Truth. Welcome RT.

Rey Trevino [00:01:25] Oh, thank you for having me and welcome back to the United States, David. I’m excited to be here.

David Blackmon [00:01:30] I made it through customs. It was great.

Stuart Turley [00:01:33] Body cavity search your other one?

David Blackmon [00:01:35] No, no. That is facial recognition, which made me extremely nervous but anyway.

Rey Trevino [00:01:41] Was it that blew thing or something like that?

David Blackmon [00:01:44] Now, man, they just you don’t even have to fill out a form anymore. You just go through a line and they they take a picture of your face, make sure you’re not on the terrorist watch list and you’re Area.

Stuart Turley [00:01:56] Wow.

David Blackmon [00:01:56] Nothing to it.

Rey Trevino [00:01:58] Yeah. Yeah, well, nothing to it.

Stuart Turley [00:02:00] No, the border. You know, you got to learn that facial recognition so just to be checked out because we don’t want to make any mistakes.

David Blackmon [00:02:09] Believe me, it didn’t find that I’m a woman, So we’re good there.

Stuart Turley [00:02:12] With that voice. Holy smokes. All right.

Rey Trevino [00:02:16] Oh, okay.

David Blackmon [00:02:17] Nobody’s going to say anything.

Rey Trevino [00:02:18] No, I got nothing after that, you know? Does anybody Guess I don’t? Did anybody watch Saturday Night Live or. Probably not. You had old Woody Harrelson?

David Blackmon [00:02:28] Woody Harrelson? Yeah.

Rey Trevino [00:02:30] Aint that funny joke at the beginning of the monologue, basically and it was I read a script in 2019, and it was basically a script of we’re going to get all the drug cartels to basically force us in our houses and then not let us out unless we take their drugs. And I turned down the script because it’s like, that’ll never happen. Nobody would ever believe that.

Stuart Turley [00:02:56] That’s so funny, I’ll tell you. Did you see the left-wing workers their heads exploded and it was across the country as soon as it started airing when he said and he made those jokes about it, they went nuts. Look He’s talking bad about Covid. Boom, boom, boom, boom.

David Blackmon [00:03:19] Yeah.

Rey Trevino [00:03:20] The last I got to watch that, the laughs inside that SNL studio were not they were almost like comfortable laughs like, should we be laughing at. So.

David Blackmon [00:03:31] Yeah. Because they all know it’s true.

Rey Trevino [00:03:33] Yeah. Well, you know, I do remember one thing is that on April 20th, 2020, you know, oil went down negative prices and, you know, nobody was asking me for a bailout. But what I’m excited to see is that Oilprice.com had a nice article today talking about how they’re expecting the price of oil to be over 100 here at least come summertime and through the rest of the year and I can’t disagree with that at all you know.

Rey Trevino [00:04:02] You’ve got Goldman Sachs that’s saying it, and so is the big independent here in Texas, a pioneer, natural resources. And really, when you figure the demand is going up, whether we can talk about China hopefully here in a second, but whether China fully reopens or doesn’t reopen, the demand is going up and supply is still not there. You know,.

Rey Trevino [00:04:26] The other day somebody was touting that, you know, oil and gas operators like myself, we’ve spent on average 50% more money last year, but we only got a 6% increase in production.

Rey Trevino [00:04:37] And the real reason is, well, because the cost went up, steel went up, pipe went up, service companies that hadn’t gone up in three years when we hit $100 there for a little while last summer, they went up in price and they haven’t gone back down. So and I’m afraid that when we do hit 100 again, are they going to go back up, which will not help out the situation at all?

David Blackmon [00:05:02] Yeah, of course, they’ll go back up. You know, I mean, that’s how it always works. Price, price, commodity price goes up, service costs go up. Steel prices go up. And here’s the thing. People better get used to these high prices for gasoline and because crude oil prices for the foreseeable future are going to be pretty elevated.

David Blackmon [00:05:24] Unless and we’ve talked about this before, the one thing that can cause oil prices to collapse is a major recession.

Rey Trevino [00:05:34] Yeah,.

David Blackmon [00:05:35] And we’re starting to see a lot of people on the Democrat side in terms of, quote, economists now finally admitting that we’re heading for a recession. And if we do go into a pretty significant recession, then that’ll kill off a lot of demand and, you know, prices are going to be likely to fall again.

David Blackmon [00:05:55] But unless that happens, you know, oil prices should be elevated because demand is outstripping supply and there’s no real prospect for major supply growth this year or really in the next few years.

Rey Trevino [00:06:12] So if I may, and I kind of throw a wrench in here real quick is, as these people are starting to admit, that we’re headed into recession. Would you see President Biden running for reelection if that’s the case? Well, I know that’s totally random left quite out of left field.

David Blackmon [00:06:32] It depends on what whoever’s making all the decisions in the Democratic Party want him to do. You know, I mean, he’s not running anything. So whoever’s really running the country, if they want him to run again, to be the face of all this, tried to do it for another four years, then yeah, it will run. But, you know, I think that man is so frail and it’s just hard to imagine him doing this for six more years. It really is. Well, I’m shocked he’s lasted this long, to be honest.

Rey Trevino [00:07:05] And the reason I ask is because obviously people are starting to admit we’re going into a recession. And look, I know a lot of our listeners are on our side and probably agree with that. It’s his policies that have taken us down this path.

Rey Trevino [00:07:22] So if these individuals in the government are starting to say we’re headed towards a recession, I’m almost thinking are they basically throwing in the towel with Uncle Joe saying we’re headed for recession we need to switch it up. So that’s why I run.

Stuart Turley [00:07:39] I think personally that the world is headed for a global recession and I personally think there are many countries and continents that will be in a depression. I think that you’re going to see many of the European countries going into a depression, and I think there’s going to be a few like Norway that do have access to natural gas not be impacted as much. They do have a lot of energy.

Stuart Turley [00:08:13] Germany, I think, is going to get hammered in the back of the head so hard, their eyeballs are going to pop out. And I think that they truly could be heading to a depression rather than just a recession because they can’t afford to make anything because of their energy.

Stuart Turley [00:08:31] There were two articles that just came out, and those articles were saying that it’s not 2022 that we just came through in the winter. It’s they’re not going to be able to fill in 2023 for next winter and then in 2024, that following winter nearly as easily. So Europe’s not out of the woods yet.

David Blackmon [00:08:57] Right. They’ve been very, very fortunate with the weather this winter and otherwise, they’d be in a crisis right now. But they got lucky with this winter the weather has been, you know, fairly warm. But yeah, you’re right. I mean, it’s hard to see them filling storage the way they were able to do before this past winter.

David Blackmon [00:09:20] And yeah, it could get really ugly over there and Germany is the main is you know candidate to become a complete basket case because so much of their industry is already shut down.

Stuart Turley [00:09:33] And moving.

David Blackmon [00:09:34] Yeah.

Rey Trevino [00:09:35] And moving. And in fact, you know, one thing, I was talking to somebody today and they brought up a very fascinating point about Germany is that the price of natural gas got so expensive in Germany, a chemical plant moved its operations to China, one of the world’s largest chemical,.

David Blackmon [00:09:56] Well Of course,.

Rey Trevino [00:09:57] Moved their operations to China. You know, so.

Stuart Turley [00:10:02] One of the.

Rey Trevino [00:10:03] Yeah,.

Stuart Turley [00:10:03] One of the oldest steel facilities also shut down, but everybody was saying, oh, it was because of natural gas. No, it was because coal, coke, coal. You have to use cought coal in steel. You can’t use that. And I believe, David, that was over a hundred-year-old steel company that China. So anyway, coal is king.

David Blackmon [00:10:31] It is.

Rey Trevino [00:10:34] It’s all King Cole.

David Blackmon [00:10:35] It may not be in the United States, but it is globally. I mean, we I got an email from my friends at the Institute for Energy Research I.E.R today detailing Biden’s plans to implement another half dozen major new regulations here in the United States to try to further kill our coal industry here.

David Blackmon [00:10:57] And over the last week, we have seen, well, two weeks. We’ve seen articles now in The Washington Post, Wall Street Journal, New York Times talking about how A. Pakistan 231 million people is going back to coal because they can’t get LNG cargoes because they’re all going to Europe. Right?

David Blackmon [00:11:17] So they put out bids for LNG for March and didn’t weren’t not able to capture a single cargo of LNG for Pakistan.

Stuart Turley [00:11:26] Wow.

David Blackmon [00:11:27] This enormous country. So they’re going to mount a major effort to rebuild their coal industry, which they’ve spent a decade transitioning to natural gas to lower their emissions. Right?

Rey Trevino [00:11:39] Yes,.

David Blackmon [00:11:40] Kinda then there was an article in the Wall Street Journal last Friday detailing how China is planning to build enough coal plants this year in 2023 to power the entire British Isles, Great Britain. That’s this year, what they’re doing this year, and they’re going to keep doing that every year for the foreseeable future.

David Blackmon [00:12:06] And then India is also mounting a major new initiative to build more coal plants and run their electricity more and more with coal. At the same time, the United States and Europe are committing economic suicide, by shutting down our coal plants in the name of, quote, climate change.

David Blackmon [00:12:29] This is economic suicide, it’s what it is. It’s insane. And and it’s not sustainable what we’re trying to do the other and I’ll shut up. But the other article that was out this morning was by P.J.M, an announcement from P.J.M they completed a study.

David Blackmon [00:12:49] P.J.M is the operator of the biggest power grid in the United States, it has Pennsylvania, Ohio, Virginia, West Virginia, and a couple of other states. And they’re projecting that they’re only going to be able to build half as much wind and solar in the next decade as they need to replace all the coal and natural gas power plants, that are being forced out of business by federal and state regulations related to climate change.

David Blackmon [00:13:22] So where is their electricity going to come from? Unless you want to go back to living in the 19th century, as I’ve said 100 times. You’re going to have to stop this, this is not sustainable. It can’t work this way. So, you know, and I’m going to write this all up in a Forbes story I hope our editors will print it.

Rey Trevino [00:13:46] Well if they don’t.

Stuart Turley [00:13:48] Sorry. Sorry, RT.

Rey Trevino [00:13:49] They don’t get.

Stuart Turley [00:13:51] Legislation through Regulation is what’s going on and the only way the E.P.A last week put out and said that in 2022, they had a much cleaner atmosphere in the U.S with less everything else because of the number of coal plants they put down. But, David, in that it was a very you had to dig through that article to realize that it was natural gas they.

David Blackmon [00:14:20] It is being replaced with natural gas.

Stuart Turley [00:14:22] They wouldn’t Admit it and it was like natural gas. Natural gas. I mean, they were they wouldn’t admit it. So as we go forward on this, it’s going to be the legislation through regulation is going to kill the United States.

David Blackmon [00:14:39] That’s right. Going to destroy our economy. Yeah. I mean, if when you replacing it with natural gas, then it’s sustainable because natural gas runs 24 hours a day, seven days a week. But when you’re replacing it with the same nameplate capacity of wind and solar, they’ve only got a 15 to 20% efficiency. So you’re still 80% short at least, you know, And it’s like nobody wants to admit that,.

Rey Trevino [00:15:10] You know.

David Blackmon [00:15:10] Crazy.

Rey Trevino [00:15:12] What blow what it is that really is okay they’re getting rid of our power okay. The country runs off electricity. Right? I mean, oil and gas and electricity. Okay. The stock market. Computers all day long. Electricity, Transportation, Goods and Services, Diesel Fuel all day long.

Rey Trevino [00:15:37] We are knocking on wood today, you know, still the economic powerhouse of the world. We get rid of coal, oil, and gas, we lose that? Then we lose our military, Then we lose our country. And that is The Crude Truth on why China is so invested in making sure that we get rid of all our coal and then buying up our natural resources or having us stop producing our natural resources.

David Blackmon [00:16:15] Energy security is national security, folks. It’s an unalterable truth of life, and no wishful thinking from climate alarmists can change it.

Stuart Turley [00:16:26] No.

Rey Trevino [00:16:27] Energy security is national security. You are absolutely Right.

Stuart Turley [00:16:31] You bet. We’re coming out of time here, guys. In coming around the corner. I’m going to throw it around you guys here for one last comment. R.T., give us your thoughts on what’s happening this week? because this one is going to drop probably Tuesday or Wednesday. So what’s coming around the corner?

Rey Trevino [00:16:48] You know, right now my heart goes out to all the people in East Palestine, Ohio. If you would like to give or donate water supplies or check out my friends over at the Oil and Gas Workers Association.

Rey Trevino [00:17:05] They have a website that you can donate to and that’s really what I would say is like, hey, take a look, because it can help out our fellow Americans. We are one country, you know, as Jesus says, you know, red, yellow, black and white, we’re all precious Americans in his sight so.

David Blackmon [00:17:23] I second what RTC had helped those folks up there any way you can and it’s, it’s this is a crisis that’s going to spread across that whole region because that plume from that fire didn’t just settle over East Palestine. It, it’s this is probably going to end up becoming the worst environmental catastrophe in our country’s history it’s going to make Love Canal look like a play day in the park. So.

Stuart Turley [00:17:53] Thank you.

David Blackmon [00:17:54] Keep praying for those folks.

Stuart Turley [00:17:56] I do want to give it a shout-out to R.T because he put together a boots-on-the-ground interview with Matt Cody and we got Dr. Chalmers in there and we just finished up that interview, that interview will be out before this episode comes out.

Stuart Turley [00:18:12] And we will also put the health things that the doctor put into that we’ll put into the show notes here. It is actually worse than what people are thinking when they were when Matt was telling us about, they are taking the dirt in the water instead of shipping it to trucking it to Texas. I think it was Milwaukee, another city up there.

David Blackmon [00:18:39] Michigan Yeah.

Stuart Turley [00:18:40] Michigan and putting it in do saltwater disposal wells or anything else like that. They’re now incinerating it. And that incineration is going to continue and it’s going to magnify the damage that has already been done.

Stuart Turley [00:18:57] So here’s the original explosion that they intentionally set fire to caused it to go off. Dr. Chalmers has said that you cannot combust this stuff, you have to break it apart before you then turn oil. And it don’t it turns into something worse.

David Blackmon [00:19:24] Dioxin. Yeah.

Stuart Turley [00:19:26] This is the Biden administration is making this even worse.

David Blackmon [00:19:33] Yeah.

Stuart Turley [00:19:34] Anyway, for that, this has been 3 Podcasters in a Bar. Please send us any questions that you have and we sure look forward to hearing from everybody. Thank you, R and Thank you, David, for me Stuart Turley we’re going to see you next week.

The gang is having fun


David Blackmon, RT Trevino, Stu Turley

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