Speaker 1: Joining us now is Dan Doyle. He is someone who
Speaker 1: has decades of experience in the oil industry, has started
Speaker 1: a couple of companies himself, and he has written some
Speaker 1: op ed pieces about what may be happening in Venezuela,
Speaker 1: what may not be happening in Venezuela. But I thought
Speaker 1: it'd be very interesting to get a perspective from that.
Speaker 1: And of course he knows some petroleum engineers in Venezuela
Speaker 1: as well. He wrote a joint op ed piece with
Speaker 1: a petroleum engineer from Venezuela about what is needed down there.
Speaker 1: But I think it's also interesting to take a look
Speaker 1: step back and take a look at the oil industry itself.
Speaker 1: And I think that he's got a very interesting personal
Speaker 1: story as well.
Speaker 2: He wrote a book of roughnecks.
Speaker 1: And help me hear, Dan, of roughnecks and riches. Yeah,
Speaker 1: that's the other part we want to make sure we get.
Speaker 1: It's the riches that are there.
Speaker 2: Yeah.
Speaker 1: So that's his book of roughnecks and riches. And his
Speaker 1: name is Dan Doyle.
Speaker 2: Thank you for joining us, Dan, Thanks David, sure appreciate it.
Speaker 1: Tell me a little bit about how somebody who has
Speaker 1: I looked saw a little bit about your biography, your
Speaker 1: film school graduate. How did you get into the oil industry?
Speaker 1: That sounds like a story.
Speaker 3: Well, I started in the oil industry then, I uh,
Speaker 3: you know, I uh started with the study geology undergraduate
Speaker 3: and do a Pittsburgh University of Pittsburgh, and I was
Speaker 3: down in Texas drilling wells. So some group of guys
Speaker 3: from the steel business said, hey, here's a young kid.
Speaker 3: You know, he'll get a start in an oil business.
Speaker 3: So I went down and I was acting more as
Speaker 3: a operator than a than a geologist. But we were
Speaker 3: drilling outside of Abilene and it was going well. But
Speaker 3: then we went into you know, the cyclical decline in
Speaker 3: the UH in the eighties. Up dating myself, but it
Speaker 3: was in the eighties, yeah, oh terrible, and we did
Speaker 3: you know, it was such a if you go back
Speaker 3: into the seventies a little bit like now, it was
Speaker 3: a big oil shock. There were a couple of them,
Speaker 3: and everybody got into business. Everybody. The rig count was
Speaker 3: you know, in the seventy nine eighty era, rig count
Speaker 3: was five thousand. Every you know, it's all verticals. Then
Speaker 3: you know they need a lot of rigs, but everybody
Speaker 3: was getting into it. All sorts of investor programs. When
Speaker 3: you when it's funny when you're looking over an area,
Speaker 3: especially out west, now you see all these wells that
Speaker 3: were drilled back during this time, and it was just
Speaker 3: sort of a boom. And when the boom came off
Speaker 3: was about when I was getting started. And gradually oil price,
Speaker 3: you know, a good price then was twenty five, but
Speaker 3: it was trickling down and down and down, and finally
Speaker 3: it was a bust. And I waited around Texas for
Speaker 3: a year or so, a young guy, you know, are
Speaker 3: we going to go or not go? What should we do?
Speaker 3: Finally there was nothing left. I moved back home to
Speaker 3: the Pittsburgh area, and a friend of mine, kind hearted
Speaker 3: friend of mine, started giving me work producing his commercials
Speaker 3: forever had something to do, you know, And so I'm
Speaker 3: doing that and I'm thinking, oh, man, I could do
Speaker 3: this for a living if oil never comes back. And
Speaker 3: so I ended up at NYU's New York University's graduate
Speaker 3: Film school, and I kicked around in the movie business
Speaker 3: for a while. You know, I had some success, you know,
Speaker 3: it was at Sundance, that kind of thing, had an
Speaker 3: agent and all that, but it really it wasn't for me.
Speaker 3: I just you know, just sleeping on floor things. And
Speaker 3: ideologically I probably was a misfit. And so yeah, you know,
Speaker 3: I met some great people though, and eventually I started
Speaker 3: a I thought, okay, enough, so I scrapped together with
Speaker 3: little money I had and didn't have, and started a
Speaker 3: rental come up and I started buying equipment and running
Speaker 3: it out to movies and commercials and a little bit
Speaker 3: of construction work and got into cameras and generators. We
Speaker 3: got pretty big, and I used that to leverage my
Speaker 3: way then to get finally back in the oil business.
Speaker 3: And that was the start a frat company, and it
Speaker 3: just absolutely went off the rails. It was just the
Speaker 3: worst time because you know, just the same way that
Speaker 3: you know, the seventy nine eighty boom pushed a bust
Speaker 3: that I got caught up in. Now I got caught up.
Speaker 3: I started this in two thousand and eight, the frack company.
Speaker 3: I got caught up in the global financial you know,
Speaker 3: recession and where the banks were failing and too big
Speaker 3: to fail, great book the intererro Orton and got caught
Speaker 3: up in that, and it was just the son of
Speaker 3: a bitch. Excuse me, but trying to get this thing going,
Speaker 3: and just craziness. You know, the guy pulls a knife
Speaker 3: on me in a trailer and he's my builder. You know,
Speaker 3: just crazy, and then these crazy partners and and you know,
Speaker 3: I had written scripts to make a little bit of money,
Speaker 3: and I started thinking, my god, I think I'm living
Speaker 3: a movie, and so I wrote I started taking notes
Speaker 3: that eventually got around to writing the book, and so
Speaker 3: that came out a couple of months ago. But it
Speaker 3: called the brov, Nuts and Riches a Startup in the
Speaker 3: Great American Pracking Book.
Speaker 1: Well, and of course one of your reviewers said it
Speaker 1: was a rollicking ride, and that was a Wall Street
Speaker 1: journal that reviewed that you had. I imagine just from
Speaker 1: that little bit of a taste that we had that
Speaker 1: I imagine it is a rollicking ride.
Speaker 2: To about how you got into that.
Speaker 1: If you started a couple of companies and you did
Speaker 1: it successfully, I'm sure that you wouldn't have fit with
Speaker 1: the film crowd that's now. It was a different kind
Speaker 1: of culture I think completely.
Speaker 3: I kind of kick out of and I like a
Speaker 3: lot of these guys, but I get a kick out of,
Speaker 3: you know, the awards. There's always somebody patting him on
Speaker 3: the deck are always an award. It's always about their bravery.
Speaker 3: But you know, in the film business, you're an echo chamber.
Speaker 3: It's like you're just agreeing with everybody. These these films
Speaker 3: that you know, get this kind of these kind of
Speaker 3: accolades or these directors or writers, producers. Truthfully, the real
Speaker 3: courage would be a conservative. Yeah, the movie in Hollywood,
Speaker 3: there's not a chance as soon as you go there.
Speaker 3: You know, I'm a big fan of James Woods. I
Speaker 3: loved his movies.
Speaker 2: It'd be like, well on water, wouldn't it.
Speaker 3: But there's a guy that just shot himself in the
Speaker 3: head when he came out with his own opinions because
Speaker 3: they just won't have him. And he knew it. He
Speaker 3: knew it. Yeah, and he was a great, great actor.
Speaker 1: Well, when I look at the Oscars and things like that,
Speaker 1: what it reminds me of for these cliques that used
Speaker 1: to see in high school, you know, and they vote
Speaker 1: for people for prom queen and that type of thing.
Speaker 1: It is a popularity contest, and it seems like you
Speaker 1: succeed in that if you're going to try to appease
Speaker 1: everybody's feelings and flatter them and that type of thing.
Speaker 1: So you know, if you're about something that serious and literal,
Speaker 1: that would be a difficult ride to ho. I remember
Speaker 1: the eighties, and you know, interestingly enough, Dan, my wife
Speaker 1: and I we went to our first job was with
Speaker 1: Texas Instruments in Houston, and so we got there as
Speaker 1: everything was blowing up in nineteen eighty and it was
Speaker 1: a boom town. And then we got kind of tired
Speaker 1: of it, wing to move back home, and then we
Speaker 1: couldn't couldn't sell our home. I mean, it was just
Speaker 1: everything was freefall, it was collapsing. It was amazing what
Speaker 1: happened to it, you know, the boom and the bust
Speaker 1: cycles that happened with that. But of course we've seen
Speaker 1: that a lot with the oil industry itself. I mean,
Speaker 1: when you look at the boom with the OPEC embargo
Speaker 1: and everything, you saw oil go up. And I've talked
Speaker 1: about this a lot on my show in terms of
Speaker 1: what's going on with the straight of hor moves right now.
Speaker 1: With just that partial oil embargo, it was only against
Speaker 1: Opex oil to the United States.
Speaker 2: We saw the price of will quadruple.
Speaker 1: And so you know, you know, we look at it
Speaker 1: and you know, if something like that is going to happen. Now,
Speaker 1: of course, there's a lot of other variables here, and
Speaker 1: that's one of the things I wanted to talk to
Speaker 1: you about was Venezuela and what's going to happen there.
Speaker 1: One of the things that just happened this week started
Speaker 1: floating the idea of making Venezuela the fifty first state,
Speaker 1: and I guess, I guess Canada was second.
Speaker 3: Don't forget to get to Canada?
Speaker 1: Yeah, yeah, I guess they forgot about Canada in the meantime.
Speaker 1: And where does Greenland fit in? Are they number fifty three?
Speaker 1: Maybe is going to get in the flag business?
Speaker 3: You know, you know, I get it though, I kind
Speaker 3: of Actually, I'm just you know, I write these pieces
Speaker 3: and I'm just about to give one to the publicist.
Speaker 3: I'll send it out today and I don't know where
Speaker 3: it lands. You know, they shop it around. But what
Speaker 3: it's about is, you know, he is you know, love
Speaker 3: him or hate him whereby you stand, he is so
Speaker 3: of in the beginnings of remaking the global oil industry.
Speaker 3: And really where we buy our oil and gas. You know,
Speaker 3: we consume twenty million barrels a day of crude, and
Speaker 3: I know, we'd like to say all we consume everything
Speaker 3: we have, but you know, that's counting. It's kind of
Speaker 3: a you're taking bet you equivalencies from natural gas production,
Speaker 3: and that's not you know, it's it's yeah, kind is true,
Speaker 3: but truthfully, we need twenty billion, twenty million barrels of
Speaker 3: crude and if you look, you know, I don't know
Speaker 3: if it's by plan or what. But Trump comes in,
Speaker 3: he's talking drill, baby, drill, and that was the campaign rhetoric.
Speaker 3: You know, Really we are going into kind of a
Speaker 3: red count free fall, not free fall, but it's really
Speaker 3: coming down because oil prices were really bad. So we
Speaker 3: were in a bust in February and by by about
Speaker 3: the fifth of March, we're in a boom because of
Speaker 3: Iran and the beginnings will probably be a boom and
Speaker 3: so you know, but but there's been a administration's done
Speaker 3: a lot, a lot to help us producers and we're
Speaker 3: taking advantage of some of that stuff to do with
Speaker 3: BMM spacings and service facilas and all that, and it's
Speaker 3: really it's really helpful. So he's kind of changing the
Speaker 3: bias from what it was in the Biden administration. To
Speaker 3: oil on instead of oil off, so you have that,
Speaker 3: and then you have to Venezuela. And Venezuela at best
Speaker 3: was you know, three million barrels a day back when
Speaker 3: nex Nixon was president, you know, and it's down to
Speaker 3: you know, about a million barrels a day. And it's
Speaker 3: kind of funny because I was visiting a friend at
Speaker 3: Colorado School of mine's a professor and I'm looking around
Speaker 3: for him, and uh, I walked into an office and
Speaker 3: it's another professor and we just start talking. He's from
Speaker 3: Venezuela and his wife works on La or worked on
Speaker 3: Lake Maracaivo for the Chinese. And we started talking. And
Speaker 3: I get a call from the public assist for the
Speaker 3: book and she says, hey, I need a story in Venezuela.
Speaker 3: I go, what do I know about Venezuela? So can
Speaker 3: you find someone? And I'm like, I'm sitting with this guy,
Speaker 3: Lois Zurpa, who's a PhD. You know, professor Luis, are
Speaker 3: you from Venezuela. He goes yeah, he want to write
Speaker 3: an article? He goes, yeah, sure, man, let's write an article.
Speaker 3: So he provided the insight from you know, hands on
Speaker 3: in Venezuela and talked about the rinko probably not pronouncing
Speaker 3: it right, you know, the super heavy oils. But what's
Speaker 3: going to happen down there is Chris Wright is doing
Speaker 3: a great job. I really think highly of Chris Right.
Speaker 3: Anybody in the oil business thinks highly of Chris Right.
Speaker 3: The US Energy Secretary. He started a couple of companies,
Speaker 3: but the big one was Liberty, and it's a frack company,
Speaker 3: but it's a little more than that. And it's a
Speaker 3: bunch of really smart guys like himself, an MIT engineer.
Speaker 3: They put this together and anyways, Right is down in
Speaker 3: you know is I mean physically, but he's pushing. The
Speaker 3: first thing to do is we get the dilutants that
Speaker 3: are needed that were kind of embargoed out of or
Speaker 3: sanctioned out of the picture. And those dilutants immediately boasted
Speaker 3: that production by a couple hundred barrels a day. And
Speaker 3: now I'm hearing that excellent. If you remember Darren Wood's
Speaker 3: comment it's uninvestible when all the major the CEOs of
Speaker 3: the majors got together at their house, you know, he
Speaker 3: kind of broke rags and said, hey, it's uninvestable. Now
Speaker 3: now I'm hearing excellent s poking around down there, So
Speaker 3: I think that that they're going to end up pushing it.
Speaker 3: And if it doesn't go to hell, you know, you know,
Speaker 3: who knows politically what happens down there. But if we
Speaker 3: can keep it together, you know, maybe that all starts
Speaker 3: going to us instead of the Chinese. The Mexican market
Speaker 3: is off a little bit, their mind cruds which are
Speaker 3: essential to our Gulf Coast refineries that require the heavier
Speaker 3: cruds than the light stuff we're pulling out of shales.
Speaker 3: You know, there's a difference in gravity is a way
Speaker 3: to measure it. But very light, low sulfur cruise. But
Speaker 3: the refineries need some of that heavier stuff that comes
Speaker 3: out of Alberta or out of you know, Venezuela or
Speaker 3: out of the Hopefully he can hear me that someone
Speaker 3: mowing the lawn outside, but we uh So, anyways, collectively,
Speaker 3: you round up all this North and South American production
Speaker 3: and we're about eighteen million barrels and then you start
Speaker 3: adding in some other stuff. Uh you know, maybe Trump's
Speaker 3: doing something here and to his point, let everyone else
Speaker 3: fix the horror moves straight. You know, the Europeans and
Speaker 3: Japan and China that are using it because maybe he is.
Speaker 3: Maybe the ultimately what we end up with is regionalism
Speaker 3: in the oil market rather than globalism. And so instead
Speaker 3: of us buying you know, cruits from overseas, we just
Speaker 3: keep it. You know, recently we keep it here Canada,
Speaker 3: Canada for about four million barrels a day. Alaska. Trump
Speaker 3: is opening Alaska Hillcore is a is a big part
Speaker 3: of Alaska.
Speaker 2: You know.
Speaker 3: Jeff Hildebrand, you know, kind of another self made you know,
Speaker 3: guy like Harold Ham and very big. He he now
Speaker 3: owns the the Alaska Pipeline, this company, and so with
Speaker 3: all this going on, it takes a long time to
Speaker 3: build production. But we're sort of really truly knocking at
Speaker 3: that energy independence, you know, Moniker, the kind of getting there.
Speaker 3: I mean, it's a really that's a really simple way
Speaker 3: just address a really complex problem. Because oil flows everywhere.
Speaker 3: It's a real network coming and going, and uh, you know,
Speaker 3: refinery capacity everything else. But the simplis of terms numbers
Speaker 3: we're getting with our production, Canadian production and South American production,
Speaker 3: we're pretty friendly nation production lists. We're pretty close to
Speaker 3: what we need to be selling.
Speaker 1: Well, let me ask you about that because you know,
Speaker 1: when we get people like Biden in and these people
Speaker 1: who want to just keep it in the ground, they
Speaker 1: say right, and they are hell bent on no matter
Speaker 1: what it costs, they want to shut down the production
Speaker 1: of oil. And so there's a political component to this.
Speaker 1: Even if we get this all this stuff running, they
Speaker 1: may wind up shutting it down at a later point
Speaker 1: in time. And that kind of brings us back to Venezuela.
Speaker 1: Know how much of the problems that we see in
Speaker 1: Venezuela and they're setting on a massive amount of oil
Speaker 1: compared to any other country, and and yet they can't
Speaker 1: get it out of the ground. And it wasn't because
Speaker 1: they didn't want to, like it is with the American politicians.
Speaker 1: But it's a combination of politics, I'm sure of socialism
Speaker 1: and confiscation and all the rest of stuff that happened
Speaker 1: with that. How much of that was a technical issue
Speaker 1: that can now be solved other than the fact that
Speaker 1: to build up infrastructure it takes a time. You can't
Speaker 1: just turn a switch and have this mass of infrastructure
Speaker 1: in place.
Speaker 3: Well, that's the problem. It's it's a big infrastructure build
Speaker 3: out and that doesn't mean just surface that means you know,
Speaker 3: failed failed casing. You know that that that keeps the
Speaker 3: integrity of well attacked on the ground. So it means
Speaker 3: a number of different things. But I have found that
Speaker 3: the oil industry is really good at getting up and going,
Speaker 3: and I think, I think, uh, it'll go along fairly quickly.
Speaker 3: I don't. I don't think it's going to solve all
Speaker 3: our problems Venezuela. It's super heavy oil. It's very expensive
Speaker 3: to extract. That takes us to a separate issue. We'll
Speaker 3: get the oil prices and you know, I'm sure, but
Speaker 3: it's a it'll be quick, you know. But again it's
Speaker 3: you know, it's not there's there's that's the one belt.
Speaker 3: There are there are other there are other crew Uh,
Speaker 3: there is other crew reservoirs in their basins in Venezuela
Speaker 3: which are more kind of conventional and don't have that
Speaker 3: low eight degree gravity stuff, which is basically you know,
Speaker 3: just to the majority of the oil coming out of
Speaker 3: Venezuela will not float on water. It's really heavy and
Speaker 3: so it's got to be diluted and refined. It's expensive,
Speaker 3: so it will play largely into our mix. But you
Speaker 3: can't have fifty or sixty dollars oil For that to work,
Speaker 3: you just can't. And so just by way of example,
Speaker 3: you know, we're drilling wells in the Powder River basin
Speaker 3: with another company, I started another startup. But so we drill,
Speaker 3: we frack our wells back east and then where we
Speaker 3: frack for higher back east and we drill our own
Speaker 3: wells out in Wyoming's Potter River. And you know, the
Speaker 3: well cost primarily driven by steel prices because you run
Speaker 3: a lot of steel in horizontal wells, a lot a
Speaker 3: lot of steel, miles of it. And it's coming up
Speaker 3: about sixty five sixty seventy per quite a bit. And
Speaker 3: we were fifty dollars oil. So if you put that
Speaker 3: in the basket, so you've got the weil costs have
Speaker 3: gone up an enormous amount, and then you've had you
Speaker 3: know a lot of inflation in the Biden administration, and
Speaker 3: so you put that in the basket as that relates
Speaker 3: to price, you know, pricing to oil prices. And so
Speaker 3: you go back in time, and the seventy dollars of
Speaker 3: oil a barrel. You know, we're all over the place
Speaker 3: back in fifteen and sixteen seventeen, but we were, we
Speaker 3: were you know, sixty dollars oil then it was a
Speaker 3: lot better than sixty dollars oil now. And you know,
Speaker 3: and then you have more expensive wells. So when when
Speaker 3: Trump is pushing you know, you know oil in the
Speaker 3: fifties and sixties, we don't survive. You can pump a well,
Speaker 3: you can pump an existing well based on what your
Speaker 3: lease operating costs, what it costs a lift in transport
Speaker 3: a barrel of oil that but to go drill it,
Speaker 3: it makes no sense. That's why the recount was falling
Speaker 3: all through twenty twenty five and was looking and when
Speaker 3: it hit fifty five, everybody that I'm talking to, and
Speaker 3: I'm talking to all the other operators, you know, are saying,
Speaker 3: that's it. We were laying down. Harold Ham up in
Speaker 3: the box and has never stopped drilling for thirty years.
Speaker 3: And finally, I think it was in janually said that's it.
Speaker 3: Where land brings down. Can't we can't make funey year.
Speaker 3: So you can't have energy independence without a decent energy price.
Speaker 3: So I don't think anyone in my industry wants to
Speaker 3: see one hundred dollars oil because it's disruptive. Because one
Speaker 3: hundred dollars oil has always meant fifty dollars oil, and
Speaker 3: fifty dollars oil generally are always means one hundred dollars oil.
Speaker 3: You know that sign curve or bone bus and so really,
Speaker 3: you know, I'm not the only guy saying it, but
Speaker 3: we need something in the mid to high seventies, low
Speaker 3: eighties to continue going. And I'm sure venus Willa needs
Speaker 3: more than you know. Because expensive than shale, shale is
Speaker 3: really cheap. That's all the majors started buying up, you know,
Speaker 3: permium based independence because shale cycles fast and it's it's cheap.
Speaker 3: It's a lot cheaper and less time consuming than developing
Speaker 3: an offshore field. So that's why there's been a shift
Speaker 3: to it. But but we can't survive at that. It's
Speaker 3: it's so when we say we're going to cut the
Speaker 3: energy and prices in half, we're gonna be energy independence,
Speaker 3: that's not true. You can't do it well. It is.
Speaker 1: It is truly amazing. And you see this movement bus
Speaker 1: cycle and it's always political. I mean, it's either an embargo,
Speaker 1: or it is centralized control and central planning that is
Speaker 1: killing the thing, or it's a war that is causing
Speaker 1: it to go up or something like that. But it
Speaker 1: always goes back to political and and I guess that's
Speaker 1: the problem. You know, it would be nice if they
Speaker 1: would just let markets operate, but they're not going to
Speaker 1: do that. We go back and we look at Venezuela.
Speaker 1: So tell us a bit about the political history of
Speaker 1: the the wells from your perspective happening down there.
Speaker 3: I'm sorry, the political history.
Speaker 1: Yeah, the political perspective. You know, there was a lot
Speaker 1: of oil company assets that were seized by the by
Speaker 1: the Marxists down there and that type of thing, and
Speaker 1: you know, well it was left in terms of engineers
Speaker 1: and people could who could actually produce something? Did that
Speaker 1: drive them all out and go to other countries? And
Speaker 1: that time, I know, the oil companies themselves had their products,
Speaker 1: but what about the infrastructure of personnel that were there.
Speaker 1: Your friend who's a pH d in petroleum.
Speaker 3: Yeah, I mean, you know, there's no jobs. And so
Speaker 3: you know, it's the American influencer, you know, and Slamberge
Speaker 3: great Company Services Company, which is a French company, but
Speaker 3: you know it's you know, it's basically headquartered in Houston,
Speaker 3: but not really but basically and it's uh, you know,
Speaker 3: you Halberton wasn't getting paid, you know, and they got
Speaker 3: caught up in the nationalization. There's two of them and
Speaker 3: maybe others, but two major ones in Venezuela, and uh,
Speaker 3: you know, Excellon lost a fortune. Chevron stuck around because
Speaker 3: they agreed to abide by, you know, what the socialists demanded,
Speaker 3: and uh, you know, total energies, you know, the I
Speaker 3: think he and I might have, the Italian company might have.
Speaker 3: So they all got they all they all all the
Speaker 3: deals they had made to go down and spend money
Speaker 3: and extract oil. Uh, we're all nullified by you know,
Speaker 3: Chavez and and his socialism. And what happened is you
Speaker 3: got a three million barrel uh a day country go
Speaker 3: to you know, some one million barrels a day, and
Speaker 3: from what I've heard, it was mainly the military was
Speaker 3: in charge of running those fields. So uh so now
Speaker 3: you've got to get the service companies down there and
Speaker 3: I and I hear they are. I hear they're looking again.
Speaker 3: And but they're going to want to be backstopped by
Speaker 3: the US government. They don't want to go and invest
Speaker 3: again and and have you know, and have it taken away.
Speaker 3: From them again. So it's uh, there's going to have
Speaker 3: to be some work done, and it probably is being
Speaker 3: done as we speak. I'm just not aware of it.
Speaker 3: But but it's important. It's important because how many of
Speaker 3: the what do we owe thirty six thirty eight trillion dollars?
Speaker 2: Is that? What are thirty nine.
Speaker 1: By the time again to September, especially because he's got
Speaker 1: some new things he wants to buy.
Speaker 3: Yeah, or maybe by the time we get off this call,
Speaker 3: you know, yeah, that's right. You know how much is
Speaker 3: that is that directly related? I mean, you know, there's
Speaker 3: the you know, a lot of it has to do
Speaker 3: with our social programs in the United States. I mean
Speaker 3: that eats up quite a bit and it creates a
Speaker 3: lot of debt. But u and if they are more efficient,
Speaker 3: that would be wonderful. But but a lot of it,
Speaker 3: how much is it is directly due to the Middle East?
Speaker 3: And I probably a lot. And if we could get
Speaker 3: away from it, I mean, you know, we want to
Speaker 3: have friends over there, but if we could keep our
Speaker 3: markets close to home, maybe it wouldn't be such a
Speaker 3: bad thing, you know, And I don't you know, the
Speaker 3: Iranians are not the Venezuelans. You know, it's I don't
Speaker 3: see them stopping. I don't. I would love to see
Speaker 3: the straight of horm Roves opened up today, I really would.
Speaker 3: I mean, longer stays clok better it is. But I
Speaker 3: also don't want to see the world go recessionary. And
Speaker 3: uh uh you know, I don't want anyone to die,
Speaker 3: you know, any of that, But I just I would
Speaker 3: like to see uh you know, uh, you know stability
Speaker 3: over there. But I don't. I don't know that. It's
Speaker 3: it's never seemed to be possible. And you know, I
Speaker 3: start this article, I'll put out you know, the best
Speaker 3: uh you know, the best way to solve the Middle
Speaker 3: East problem is to leave the Middle East problem and
Speaker 3: uh you know what I mean, it doesn't stop.
Speaker 2: I think some other ideas about that though. Ye.
Speaker 1: Well, when we talk about political stability, what does that
Speaker 1: look like in Venezuela. I mean you worked with Louise
Speaker 1: Zurpa uh writing that op at piece. Did you guys
Speaker 1: talk about what is that? You said the military was
Speaker 1: running the fields there and uh what about the military
Speaker 1: and just in general the Venezuelan people, what is their
Speaker 1: attitude towards this?
Speaker 2: Uh?
Speaker 3: I think the Venezuelans love it. I think they had
Speaker 3: their philosocialism and they had an a dictator and uh,
Speaker 3: you know, you know, it's just crazy. We have Sean
Speaker 3: Penn going over and you know, yeah talking of Chavez
Speaker 3: and you know, as a thug and uh and the
Speaker 3: people suffer under him, you know, impoverishment. Uh, you know
Speaker 3: the human spirit which is socialism and anyways, uh uh
Speaker 3: it's you know, I think the administration, I think we're
Speaker 3: putting our network is growing there, and I think it's
Speaker 3: going to stabilize itself. But I don't know, you know,
Speaker 3: who knows what comes of it. And Venezuela is good
Speaker 3: for a million plus a day, but the United States
Speaker 3: is good for thirteen and a half a day a
Speaker 3: little more. And my concern is what happens in twenty
Speaker 3: twenty eight when there's another presidential election. What happens you know,
Speaker 3: if Trump doesn't are, if Republicans don't prevail and keep
Speaker 3: the House, we're just going to go to you know,
Speaker 3: standard playbook of impeachments, and and that's disruptive. You know,
Speaker 3: they'll try to impeach them again, and you know, all
Speaker 3: all of that theater. It's just stupid, you know, of course, looking.
Speaker 1: At when you look at an oil based economy and
Speaker 1: you look at how it has been used. I mean
Speaker 1: they're coming after vultifying it again, this time is coming
Speaker 1: out of Europe instead of out of America, hitting them
Speaker 1: with nearly two billion dollars in fines because they're not
Speaker 1: getting their corporate average fuel economy up or whatever the
Speaker 1: European equipt is of that.
Speaker 2: So you've got.
Speaker 1: These uh, these European countries, which I will put the
Speaker 1: Democrat Party in that same basket. It's almost like a
Speaker 1: suicidal uh deathwatch in terms of energy. They want to
Speaker 1: shut that all down and prohibit it. And so there's
Speaker 1: a there's that kind of political instability that's here at
Speaker 1: home in addition to like Venezuela. But but now you're
Speaker 1: talking about the people tired of living under socialism. I
Speaker 1: imagine that they are, and they would like to see
Speaker 1: some jobs and economic activity. But what about the military
Speaker 1: that was running the wall fields prior to that.
Speaker 3: I don't know, I don't know what's being done. I
Speaker 3: would guess if Exelon and you know, Chevron has always
Speaker 3: been there, but they're increased, maybe increasing their presence of
Speaker 3: just of just citing what I've read, so I would
Speaker 3: say that, you know, there's something in place that's going
Speaker 3: to allow Halliburton and Slumberge and other big service companies
Speaker 3: to get in there. Uh, and and the military to cooperate.
Speaker 3: But you know, we all know everybody. The only person
Speaker 3: gone from Venezuela is you know, Maduro. Everyone else is
Speaker 3: in place, so it's kind of hard to say what happens.
Speaker 3: I think the longer we're there with peace, the greater
Speaker 3: you know, the US influences at least an energy business,
Speaker 3: and hopefully the greater production results from it. But what
Speaker 3: I was getting at before is back in the States,
Speaker 3: when Biden was elected, you know, the first thing he
Speaker 3: does is he makes he he immediately attacks fossil fuels.
Speaker 3: We couldn't lease lands, federal lands for a couple of years.
Speaker 3: It might have been a little shorter than that, but
Speaker 3: there's a mandatory minerals actors from like nineteen fourteen, whatever
Speaker 3: it is, you know, mandates. There's a Congress, you know,
Speaker 3: a law that every quarter there are BLM lease sales.
Speaker 3: Biden comes in and cancels it, you know, and just
Speaker 3: you couldn't lease lands, and uh, you know, and then
Speaker 3: the people going and they sue the federal government over
Speaker 3: you know, grasslands or waterfowl or you know birds, you know, predator, predator,
Speaker 3: you know birds are prey different different things, and and
Speaker 3: they hold it up even longer. That works both ways,
Speaker 3: though it's not always detrimental to us. Sometimes it allows
Speaker 3: us to hold leases longer. So in a way, what
Speaker 3: they're doing is is, uh, they go, they go to
Speaker 3: harm the oil industry, but sometimes inadvertently they help it.
Speaker 3: And what would be better is to say, Okay, let's
Speaker 3: look at New York. Okay, you guys want to kill
Speaker 3: off fossil fuels, and New York the cost of electrical
Speaker 3: electricity is about forty percent higher than the national average.
Speaker 3: That this is another article I wrote a bit ago.
Speaker 3: Is Fox I think, yeah, it was in Fox and uh,
Speaker 3: and it's forty percent higher than the national average. Natural
Speaker 3: gas prices are twenty three percent higher. The child poverty
Speaker 3: rate child of poverty rate in New York City is
Speaker 3: twenty six percent. Twenty six percent of all children born
Speaker 3: in New York City the five boroughs are born into poverty.
Speaker 3: And in the meantime, they won't allow a shell gas
Speaker 3: extraction from the Marcellus, which is a gift all this
Speaker 3: natural gas, and you know it's clean burning, and you
Speaker 3: know this and that, and you know a friend of
Speaker 3: mine is a diesel fuel provider, and the the a
Speaker 3: lot of a lot of these data centers are being
Speaker 3: run off of power from the grid, but they're backstopping
Speaker 3: with diesel and so smity. But but that's always the case.
Speaker 3: I'm actually all of the above. I think that makes sense.
Speaker 3: Use it because we need it, so out of mind win,
Speaker 3: out of mind solar. It's just you know, you know
Speaker 3: we can't pay for it. You know, it's got to
Speaker 3: stand on its own. And you know, oily gas gets
Speaker 3: certain benefits for you know, attached benefits. And I believe
Speaker 3: any industry, if one gets it, they all should get it.
Speaker 3: If if if one doesn't get it, none of us
Speaker 3: should get it. So it should be fair. But a
Speaker 3: lot more subsidies go into renewables, and they just don't
Speaker 3: really all the money that's spent. They really haven't pushed
Speaker 3: on the gas out of the way at all at all.
Speaker 3: In fact, we're burning more coal right now, not as
Speaker 3: a matter as a not as by percent, but in
Speaker 3: terms of tonnage we're burning more coal right now than
Speaker 3: we have ever burnt, and that's because we have to
Speaker 3: backstock this grid and uh and you need that the
Speaker 3: power that comes from fossil fuels to do that, you know,
Speaker 3: on demand. You just don't get that.
Speaker 1: Yeah, well, I've been pointing out for a long time
Speaker 1: people that I worked with it. You know, it's kind
Speaker 1: of like the difference you've got to backstop, as you
Speaker 1: point out, the solar and the wind with something that
Speaker 1: works all.
Speaker 2: The time is always the right.
Speaker 1: It's like driving a car and stop and go traffic
Speaker 1: versus driving it at a steady speed on the interstate.
Speaker 1: You're gonna use more fuel and you're gonna generate more
Speaker 1: exhaust and all that. So, yeah, it really is ideological, really,
Speaker 1: the opposition to this, whether it is a communist ideology
Speaker 1: or whether it is some kind of a green agenda ideology,
Speaker 1: it is political and it's not practical in terms of
Speaker 1: looking at this. But it'll be interesting to see what
Speaker 1: happens and what comes out of all this. Let me
Speaker 1: ask you, you know, we're talking about the straight up
Speaker 1: moos and what's going on with Ron, and of course
Speaker 1: part of the problem is not simply just oil. But
Speaker 1: now we've seen that there's secondary tertiary things that are
Speaker 1: also produced there, helium for example, fertilizer, things like that.
Speaker 2: Is that a.
Speaker 1: Factor coming out of the places like Venezuela, is you know,
Speaker 1: is that always there whenever you're doing oil or is
Speaker 1: that something that's unique to the Middle East?
Speaker 2: What is that?
Speaker 3: I think it's unique to areas. You know, I'm not
Speaker 3: I can't put myself. I can't say much about it
Speaker 3: because I don't know much about it, but it is
Speaker 3: particularly certain areas. We don't see helium where we work.
Speaker 3: And but it's it's you know, in some areas that
Speaker 3: you know, there are some areas are well to that
Speaker 3: they do well the fertilizers. That's I think that's a
Speaker 3: byproduct of refining, and that's you know, I'm an upstream guy.
Speaker 3: That's a downstream issue. So I'm not really sure, but
Speaker 3: I know it's all getting affected. And what's really interesting
Speaker 3: what I can speak to outside of own gas traversing
Speaker 3: the Straits Hormuza Art is natural gas. You've got a
Speaker 3: big L and G trade coming through their Iranians Tatari
Speaker 3: natural gas production is huge, and so what's interesting is
Speaker 3: natural gas prices are are still sub three dollars at mcf.
Speaker 3: That's nothing. It's like two eighty this morning. It's a
Speaker 3: really And you know what, I think a lot of
Speaker 3: the reasons why is shale extraction has kept natural gas
Speaker 3: price is so low. You know, you bring on a
Speaker 3: Marcellus or Uticul well in Pennsylvania nowadays, and you're talking
Speaker 3: billions of cubic feet of reserves that come with those wells.
Speaker 3: They're just enormous. And uh so we have a boom
Speaker 3: in oil right now, but I don't want to call
Speaker 3: the bust and gas because gas has not been doing
Speaker 3: well for years. You know, if you remember Aubrey McClendon
Speaker 3: from Chesapeake used to do commercials with T Boom Pickens
Speaker 3: and and and you know it's crazy wild West times
Speaker 3: of oil and gas production because Chess Week was more gas.
Speaker 3: But you know, gas prices were ten dollars in mcf
Speaker 3: pre you know inflation that we've seen in the last
Speaker 3: couple of years, and now you know, it gets as
Speaker 3: low as a buck something, you know, and you know
Speaker 3: right now at to eighty. You know, people make it
Speaker 3: work at two eighty. But we produce a lot of
Speaker 3: natural gas in America an enormous amount, and we should
Speaker 3: be using it because it's clean. But you have all
Speaker 3: this pipe. Natural gas requires pipelines, not trucking, and so
Speaker 3: we have, you know, all these lawsuits stopping stopping it,
Speaker 3: and you know, we piped up to New York City.
Speaker 3: If they would do their own drilling, the state would
Speaker 3: do really well. The you know, they could maybe create
Speaker 3: a fund for the poor or or help the poor
Speaker 3: in some way. You know, I don't think given money
Speaker 3: away is ever a way to solve anything but opportunities,
Speaker 3: you know, And they won't do it because of the
Speaker 3: climate activists, and it's it's only harms for people. It
Speaker 3: does nothing for the climate. They do nothing because I
Speaker 3: just just want to add something. You want to talk
Speaker 3: about true, true toxicity. Start talking about battery production and
Speaker 3: acid rain and everything comes with it. You know, smelt horrible,
Speaker 3: horrible industrial practice, but necessary. But when you start talking
Speaker 3: with nobles, you start talking battery production, and you talk
Speaker 3: talk about strip mining and everything else. And you want
Speaker 3: drive past an oil well or a gas as well,
Speaker 3: and there's cows a few feet away from it eating grass.
Speaker 3: You talk about a solar field producing the same amount
Speaker 3: of energy and it's a deaths. It's it's a fenced
Speaker 3: in death zone where the ambient heat is too high
Speaker 3: for birds, for really any living. You know, you don't
Speaker 3: see life around fields.
Speaker 2: There's no life, that's right, that's right. Yeah.
Speaker 1: And then of course, uh, the windmills do a job
Speaker 1: on everything that flies, especially Yeah, the bats try to
Speaker 1: fly through that rapidly changing air pressure and it blows
Speaker 1: them up, just like a diver who's trying to come
Speaker 1: up too quickly from underwater just explode. So yeah, it
Speaker 1: is everything's got a trade off. That's the reality of this.
Speaker 1: And rather than rather than trying to make things work
Speaker 1: with incremental improvements, uh, the because everything is so focused ideologically,
Speaker 1: they just come in and one just do blanket bands
Speaker 1: or whatever. And it's not just ideological either. It's the
Speaker 1: people who are allied for financial reasons with one industry
Speaker 1: or the other, of course, and so all these things
Speaker 1: are in play. But let's get back to your book
Speaker 1: a little bit, because we didn't talk much about what
Speaker 1: it's like to be out there in the wall field.
Speaker 1: I mean, you're taking a big risk whenever you're looking
Speaker 1: for something like mining or any kind of oil or
Speaker 1: anything like that. I mean, that's a very very risky business.
Speaker 1: It takes a particular type of person I think to
Speaker 1: do that, doesn't it.
Speaker 3: Yeah, it's a little you know, you feel like a
Speaker 3: pirate sometimes maybe not sometimes a pirate, sometimes a gambler.
Speaker 3: But you try to you try to risk off as
Speaker 3: much as you can. And there's a lot of really
Speaker 3: smart engineers, you know, and financial people that you've gotten together,
Speaker 3: you know, found a way, but it's you never know,
Speaker 3: you know, we're cracking a well right now in Wyoming
Speaker 3: we had an issue and you know it could have
Speaker 3: been really really expensive and really expensive with a gas
Speaker 3: wells is you know, touching you know, millions of dollars
Speaker 3: is really expensive. It's not ten thousand dollars. It gets
Speaker 3: really out of hand quickly, and so there's always, uh,
Speaker 3: there's always worries like that, you know. I tell you though,
Speaker 3: it's for me, you know.
Speaker 2: Uh.
Speaker 3: When I decided to do it, I was I was
Speaker 3: actually an English major in econ my freshman year at
Speaker 3: college and kicking around. Back then, you could go to
Speaker 3: college and not know what the hell you're going to do,
Speaker 3: and you can't.
Speaker 2: And so I was, I don't know what the hell
Speaker 2: you're gonna do after you get the deal.
Speaker 3: So anyways, my dad wasn't a rich guy. He's just
Speaker 3: a hard working guy with seven kids. And a good
Speaker 3: friend of his who was a rich guy. They pulled
Speaker 3: their money and they went and drolled a shallow Pennsylvania
Speaker 3: oil well, and they really wanted to do it. And
Speaker 3: I started coming home on weekends. I grew up in an erie,
Speaker 3: and I started coming home from Pittsburgh on weekends and
Speaker 3: we'd all get in this, you know, seven kids, a
Speaker 3: couple of dogs, and my dad and my mother and
Speaker 3: we'd all go to the well and uh we would
Speaker 3: you know, uh you know, screw around a well, you know.
Speaker 3: And I'm like, my god, this is like legal and
Speaker 3: it's like treasure hunting. This is great. And so I
Speaker 3: switched off. I changed up to a geology major, stayed
Speaker 3: in school for the remaining three years straight to get
Speaker 3: caught up, and then came out. And this is kind
Speaker 3: of in the book, but I came out. We started
Speaker 3: doing shallow wells. I found some investors and I actually
Speaker 3: tried to do an asd Uh. That was the first
Speaker 3: thing I did is I thought, well, I'm going to
Speaker 3: do these reg d programs. So I set myself up
Speaker 3: as a broker dealer nasd SEC Registered broker dealer and
Speaker 3: went all over the country talking to you know, this
Speaker 3: old Dodge duster, talking to people about uh, you know,
Speaker 3: investing and getting their clients to invest in it. And
Speaker 3: I found a a guy out in Denver to drill
Speaker 3: and he'd let me drill with her, you know, And
Speaker 3: I said, miss it was coming to bell Withather Exploration,
Speaker 3: a great guy, George Aubrey on Seventeenth Street in Denver,
Speaker 3: which used to be the Western oil hobs, still a
Speaker 3: little videos but not not so much anymore. And uh
Speaker 3: he uh, he goes, okay, I'll let you buy into
Speaker 3: these wells. And how much you're gonna raise. I'm like,
Speaker 3: I'm going to raise two million dolls. And so I
Speaker 3: come away for three months and I come back and
Speaker 3: I raised like one hundred. Oh man, you're killing me.
Speaker 3: But he let me. Uh he took the money anyways,
Speaker 3: and uh and that's kind of the start. And then
Speaker 3: I started drilling shallow wells with some guys in the
Speaker 3: steel business who backed it, and they said, hey, go
Speaker 3: to Texas and uh, let's go after some bigger reserves
Speaker 3: and I kind of talked about that. I went down
Speaker 3: to Abilene and we were drilling and then hit a
Speaker 3: horrible downturn, and uh, you know, did the movie thing?
Speaker 3: Started company up running equipment to move and commercials and
Speaker 3: other industries, and uh then I used that and you know,
Speaker 3: started this company up, and uh found a couple operating
Speaker 3: partners and AH went down to Oklahoma with some builders
Speaker 3: and it was an absolute nightmare. They It turns out
Speaker 3: we wanted a specialty blender of my partners did and
Speaker 3: and it was uh, we didn't realize there was a
Speaker 3: patent protected part. And what we did realize though, it
Speaker 3: was a slumbers a patent and these guys were stealing
Speaker 3: the parts from slumbers ay and we got It's funny.
Speaker 3: There's a guy, the engineer I had to call and
Speaker 3: ask for permission, like, sir, I know the patents expired.
Speaker 3: He goes, so what you know this guy Slumbers And
Speaker 3: I'm like, you see, can we just do one because
Speaker 3: we're so far down this road. He goes, Now I
Speaker 3: don't see it, And it's funny mount them on on.
Speaker 3: Uh the isn't uh with a hell you know you
Speaker 3: oversee somewhere. But I gotta I gotta get the book
Speaker 3: to him. After after all these years, I found him.
Speaker 3: But then, you know, one thing, you know, one guy
Speaker 3: ripping us off, another guy ripping us off, and uh
Speaker 3: and then my partners kind of went nuts and and
Speaker 3: it's just you know, and it's really a story about
Speaker 3: it's really just an entrepreneurial sort. It's not about oil
Speaker 3: and gas as much. It is about starting a business.
Speaker 3: And it's really the through line. It is if you're
Speaker 3: walking through hell, keep walking and you'll get there. So
Speaker 3: uh so that's kind of what it was.
Speaker 1: Well, you know, whenever anybody becomes an entrepreneur, they start
Speaker 1: any kind of a business, there's always a lot of
Speaker 1: risk involved. And but I don't think there's probably any
Speaker 1: business that is riskier than that. I mean, that's on steroids.
Speaker 1: Entrepreneurship are on steroids. You really are putting it all
Speaker 1: out there, aren't you.
Speaker 2: Yeah?
Speaker 3: It really is? It so capital intent, it's really tough.
Speaker 2: Yeah, yeah, that's amazing.
Speaker 1: But of course the payoff can be there, right, So
Speaker 1: that's I think that draws people in. You know, big
Speaker 1: and big potential payoff if you make it.
Speaker 3: Yeah, that's right, And you know, it's it's a great
Speaker 3: group of people. It's a you know, it's a it's
Speaker 3: a brother and sisterhood. You know, everybody working together and
Speaker 3: solving issues and uh, it's uh, just hard working people.
Speaker 3: And you know what's crazy is we get so attacked
Speaker 3: from from you know, the hard left. Not everybody. I've
Speaker 3: got plenty that are are realize we need it. But
Speaker 3: we go out there and you're on a job site
Speaker 3: and there's white guys, there's Mexican kids, South American kids. Uh,
Speaker 3: there's American Indians. Uh, there's a lot of a large
Speaker 3: number of black workers are out there. The guy pumping
Speaker 3: waterforce now doing all our transfers is a great guy.
Speaker 3: You know, black guy just in a number of his
Speaker 3: crew the same thing. And so it's this kind of
Speaker 3: melting pot and uh and it's and no, but he
Speaker 3: taught it's just normal and it's great. We're all working together.
Speaker 3: And all this stuff you hear about has no application,
Speaker 3: you know, the social this cultural stuff that you know,
Speaker 3: one side of the spectrum wants you to believe is true.
Speaker 3: None of that is true. It's just it's just a
Speaker 3: great group of people working together. And you know, uh,
Speaker 3: you know, I was thinking a great picture would be
Speaker 3: all these guys. I mean you'd have to ask the
Speaker 3: minority step out of the picture, but would be all
Speaker 3: these guys and you know, uh and have a have
Speaker 3: a picture and say no white privilege here, because there
Speaker 3: is none. These guys just grew up working. That's all
Speaker 3: they've done is work, and it's you know sometimes you know,
Speaker 3: it's just it's tough. I mean, the other night I
Speaker 3: had to sleep in the Chicago airport because everything was
Speaker 3: getting canceled and every hotel was booked. I said, okay,
Speaker 3: I'll sleep in a chair, you know. And that's kind
Speaker 3: of that's kind of typical oil field. It's just the
Speaker 3: level of work and you know, wonderful people and they've
Speaker 3: got family back home and taking care of them. It's
Speaker 3: it's sort of the American dream for a lot of them. Yeah,
Speaker 3: and uh, it's it's really Uh, it's just great to
Speaker 3: be around them.
Speaker 1: Well, and that's the thing, you know, if we have freedom,
Speaker 1: then we have a chance to work hard, we have
Speaker 1: a chance to take risks, we have a chance to
Speaker 1: produce something. And and that, I guess is the thing
Speaker 1: that bothers me the most in terms of what I
Speaker 1: see here. Politically and ideologically. Is they just want to
Speaker 1: shut everything down. It's like, keep it in the ground,
Speaker 1: don't do anything. That's what we're supposed to do.
Speaker 2: You know.
Speaker 1: They don't want to build anything, they don't want to
Speaker 1: grow anything. They don't they just want to stop everybody
Speaker 1: else from doing anything. That's the thing that really bothers
Speaker 1: not I look at.
Speaker 3: This, Yeah, stop everybody and get everybody to fit into
Speaker 3: an ideological blox.
Speaker 2: Yeah.
Speaker 3: And you know, I just to pick up on the
Speaker 3: right privileged thing as reading a book a friend of
Speaker 3: mine wrote, Who's kind of a hard left guy but
Speaker 3: a good guy, you know, and he and he went
Speaker 3: to Phillips Exeter Academy and uh and never wanted to
Speaker 3: tell anybody for the book that he went and that
Speaker 3: and then you know, that's that is the direct pathway
Speaker 3: to Yale and Harvard and the Ivy's and you know
Speaker 3: and Wall Street success and political success. You know. And
Speaker 3: so yeah, maybe for that guy, white privilege is a
Speaker 3: I know we're talking about oil and gas, but sorry,
Speaker 3: sorry about that. For that guy. Maybe that's that's true,
Speaker 3: that's true. You know, maybe that guy feels that, but
Speaker 3: that's a that's a fraction of the conversation a fraction.
Speaker 3: What about everybody else? You know, they're they're aren't getting
Speaker 3: any of this. You know, there's no direct path the
Speaker 3: Yale or Harvard. There's just work. And that's that's kind
Speaker 3: of who ends up in the oil business. And and
Speaker 3: you know, like I said, it's represented by all ages,
Speaker 3: by all races, you know, by all genders, and uh,
Speaker 3: you know, we don't see as many women out there
Speaker 3: is uh is you know, typically they're more manager at
Speaker 3: all those engineers. But uh, but we've had women worked
Speaker 3: as bracketts. You know, it's great. Everyone loves them, so
Speaker 3: they fit right in with everybody else. So it's that's
Speaker 3: just like.
Speaker 1: You're talking about your friend. I think there is on
Speaker 1: the left. I think there's a lot of guilt that
Speaker 1: is there and they project that on other people and
Speaker 1: they don't that's the way they assuage their own guilt
Speaker 1: is by punishing other people who probably didn't have that
Speaker 1: same kind of advantage that they had, but going to
Speaker 1: make themselves feel better about that, to try to compensate
Speaker 1: for what they were given.
Speaker 3: Yeah, it's it's it's this sliver of people that are
Speaker 3: so privileged to have been able to afford, you know,
Speaker 3: one hundred thousand dollars grade school education. But that is
Speaker 3: not America. That's America, that's not these guys. We have
Speaker 3: a Kentucky camp. A lot of our guys come out
Speaker 3: of Kentucky in the hills of western Virginia. And these
Speaker 3: guys never got a break, and nobody else gave these
Speaker 3: guys a break. They just did it on their own,
Speaker 3: and they go away from home for a long period
Speaker 3: of time. But they they're just they're just wonderful people,
Speaker 3: just wonderful.
Speaker 1: Well, it's no country for old men, right. I never
Speaker 1: saw that movie, but I know of it. But so
Speaker 1: I don't know if that's a if that reference is
Speaker 1: appropriate or not. But the book is of roughnecks and
Speaker 1: riches and a probably a great story, a rollicking a ride,
Speaker 1: as the Wall Street Journal point out, of entrepreneurship really
Speaker 1: and something that I think really behooves us to have
Speaker 1: a perspective that is balanced and practical when we're looking
Speaker 1: at drilling, we're looking at mining. I've talked to miners
Speaker 1: in the last few weeks about various minerals and things
Speaker 1: like that. These can be very dirty businesses in terms
Speaker 1: of things that happen, but they are necessary, and there
Speaker 1: are ways to control that and to moderate that, and
Speaker 1: we have to be practical about this and instead of absolutist,
Speaker 1: instead of being ideological. So it's a great story and
Speaker 1: it'll be interesting to see what actually happens. Venezuela and
Speaker 1: I would be all for As I said to you
Speaker 1: before we started the interview, I said, I'm all for oil,
Speaker 1: but I'm just not for wars for oil. So it'd
Speaker 1: be nice to see if we could actually have some
Speaker 1: peace and prosperity, if we could have entrepreneurship work and
Speaker 1: manufacturing things rather than all these political prohibitions and wars
Speaker 1: that are involved in all of this stuff going back
Speaker 1: and forth. But evidently, you know, when there's enough money
Speaker 1: and power in something, it's going to the political class
Speaker 1: is going to be focused on that. That's one of
Speaker 1: the reasons why they focus on the core energy businesses
Speaker 1: that are there. But thank you so much for joining us,
Speaker 1: Dan Doyle, And the book again is of Roughnecks and Riches,
Speaker 1: and you can find that Amazon and I guess everywhere.
Speaker 1: Do you have a website that you sell it directly.
Speaker 3: Or now it's on Amazon or Barnes and Noble or
Speaker 3: Simon and Schuster. You know you can any of the above.
Speaker 2: So great. Great.
Speaker 1: It sounds like you've had a very very interesting life,
Speaker 1: and I hope it keeps getting interesting. I don't mean
Speaker 1: that as a Chinese person either. Thank you very much,
Speaker 1: Dan Doyle, Yes, thank you, Thank you. The common man.
Speaker 1: They created common Core and dumb down our children. They
Speaker 1: created common past track and control us their Commons project
Speaker 1: to make sure the commoners own nothing and the communist future.
Speaker 1: They see the common man as simple, unsophisticated ordinary. But
Speaker 1: each of us has worth and dignity created in the
Speaker 1: image of God. That is what we have in common.
Speaker 1: That is what they want to take away. Their most
Speaker 1: powerful weapons are deception intimidation. They desire to know everything
Speaker 1: about us, while they hide everything from us.
Speaker 2: It's time to turn that around.
Speaker 1: And expose what they want to hide. Please share the
Speaker 1: information and links you'll find at Thedavidnightshow dot com. Thank
Speaker 1: you for listening, Thank you for sharing. If you can't
Speaker 1: support us financially, please keep us in your prayers. Ddavidnightshow
Speaker 1: dot com