March 12

Energy Realities – “Political Extremism” -LIVE – Ask the panel questions

Today, the international panel covers the increasing political extremism, what to expect, and how it can impact energy. Live on LinkedIn, X, and YouTube. Tammy Nemeth, Irna Slav, David Blackmon and Stu Turley are live! – Tune in and ask questions. Heckling is extremely welcome! #podcast #energytransition #netzero @davidblackmon6807

Tammy, Irina and @davidblackmon6807 for the pannel.

Critical Links:

https://irinaslav.substack.com/

https://theenergynewsbeat.substack.com/

 

Highlights of the Podcast:

 

02:04 – Scientists want $50 billion for a Glacier Curtain
04:58 – Climate Change Committee’s net zero plan involves pumping compressed CO2 with 500 Hiroshima bombs in the ground every year
07:43 – Operation GasBuddy
10:09 – EU wants fossil fuel sector to help pay to combat climate change
14:25 – Next-generation EVs will be cheaper to produce than gas cars by 2027
17:20 – The reality of nature
21:02 – The next stage of political extremism
24:06 – A group of activists lobbied the government to ban fossil fuel advertising in city areas
29:14 – About the idea of treason
31:59 – The developing world on mining
36:22 – About political extremism

 

The Podcast Hosts for The Energy Realities

Irina Slav
International Author writing about energy, mining, and geopolitical issues. Bulgaria
David Blackmon
Principal at DB Energy Advisors, energy author, and podcast host.Principal at DB Energy Advisors, energy author, and podcast host.
Tammy Nemeth
Energy Consulting Specialist
Stuart Turley
President, and CEO, Sandstone Group, Podcast Host

Blubrry Podcast:

 

Sponsorships are available or get your own corporate brand 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

 

 

Energy Realities – “Political Extremism” -LIVE – Ask the panel questions

 

Stuart Turley [00:00:00] All right.

Tammy Nemeth [00:00:01] Okay. Hi, everybody. Welcome to the Energy Realities podcast. Today we’ve got Stu Turley and David Blackmon from Texas. And Daylight Saving says Hit America. And and I’m. Tammy Nemeth with the Knebworth Report. And I’m here in Oxford outside today. And thankfully the rain has stopped. So that’s that’s all good. And we’re hoping Irina will join us. We don’t know if she got the message about the time change. So we’re hoping that she will join.

David Blackmon [00:00:34] this ritual in the United States.

Tammy Nemeth [00:00:37] No, they do it here, too. But ours doesn’t happen till the end of March. Like, why can’t they coordinate and have this of the things they ought to standardize? That’s one of them.

David Blackmon [00:00:46]  that would make entirely too much sense for our policymakers.

Stuart Turley [00:00:50] Well, you know, I think that goes with your theme today, Tammy. Political extremism. We can’t even get along with. Time change.

Tammy Nemeth [00:01:01] Right. And so it’s interesting that today we’re going to be talking about political extremism and what that means for the energy realities in our world today. So we’ve got some interesting stories lined up on the headlines. And, yeah, so do you. Do we want to go into the headlines right away, guys, or do we want to chat about some of the other stuff?

Stuart Turley [00:01:24] Okay.

David Blackmon [00:01:24] The headlines are great.

Stuart Turley [00:01:26] Yeah. Let’s start on on these. This one David wrote on his, energy absurdity because this really ties in Tammy. I gotta tickle when he put this out on his Substack.

David Blackmon [00:01:39] Yeah, well, it came from you Stu, so you should have been to. I still from all of y’all from time to time. This one is just it’s just it’s like the, you know, the scientists who want to put up the big the big shield in outer space that’s a thousand miles wide and, to block the sun. You know what could possibly go wrong? Now, we have scientists who want $50 billion from the signatory countries to the Antarctic. The treaty, which was signed by Dwight Eisenhower in 1959 and everyone’s since forgotten about, but they petition the signatories to that treaty for $50 billion to build a curtain around a big glacier in a arctica that they’re afraid is going to break off. It’s the size of Connecticut, and they’re afraid it’s going to break off and flood the world. And so their idea is they want to build a big underwater curtain around the thing that’s about 60 miles wide, that would block. Warm water from. From, going underneath this glacier and, and prevent the glacier from, from melting and breaking off and flooding the world. Somehow, I don’t think that’s going to work out, because of all the volcanic underwater activity that’s happening on the the western side of Antarctica. And, probably the curtain won’t do much to stop that. So I’m afraid this $50 billion is unlikely to get spent. Although you never know with the lunatics we have running our governments on these days.

Tammy Nemeth [00:03:19] They’ll probably get a portion of it to prove to do proof of concept. So a lot of the things that happens with net zero and, and the so-called transition is, is, the subsidy and grant farming. Right. So they, they throw out these crazy ideas and say, yeah, I think we can do that. Can we have some money to try? And then they do proof of concept, like the, the whole geoengineering and the, the, solar energy in space, space based solar, which is ridiculous. And, and, so this is not and I was going to say, David, what about the those volcanoes, are they going to like, put a cork in it or something?

David Blackmon [00:03:57] I mean, yeah, I don’t know. I mean, it’s just so ridiculous. The whole thing is just crazy. And, you know, I mean, even if you could do that. How could you possibly anticipate all the unintended consequences that might happen as a result? Right? What could possibly go wrong with putting a big umbrella in outer space, or the skirting around this glacier in Antarctica? These people don’t have a clue. Yeah. And there’s just no telling what kind of ancillary impacts would happen if they were to try to do it right. It’s just another one of these nutty things that pops up pretty much on a daily basis related to the energy transition.

Tammy Nemeth [00:04:34] Well, that’s why you’ve always got such great, subjects and stories for the absurdities, because they seem to never stop. So they.

David Blackmon [00:04:43] Never stop. They just continue to multiply. Actually, it’s like, yeah, like a geometric progression or something.

Stuart Turley [00:04:50] In in Tammy. On this one. Then this is the only other one when I’m sitting here looking at it this morning across my news desk, climate Change Committee’s net zero plan involves pumping compressed CO2 with 500 Hiroshima bombs in the ground every year. You can’t buy this kind of entertainment. I’m sure you, you know, this is just like David’s story from the standpoint that in the the high priced, things that are going on are a, just a total, wealth transfer. And then the one, we had, this past year, there were, there was a wind farm on the Great Lakes that they had $52 million to install five wind turbines. None of them got done, and they had to turn around and give 35 million back. Well, how many millions did they get to keep just for permitting? Okay. I’m going to go ahead and I’m going to start a net zero plan like this. I’m going to start putting in 500 Hiroshima bombs, into the ground, and I’m going to go get me some $50 billion, so that I can permit and then only get a billion. I’m okay with a billion. What do you guys think?

Tammy Nemeth [00:06:25] Well with with the carbon capture. I’m I’m of two minds about it because on the one hand, they’ve been experimenting with this for some time in Saskatchewan, where they’ve had the international carbon Capture knowledge, center that’s been testing it, monitoring it, and it’s it’s actually quite effective. It doesn’t move and whatever. But I think the issue here is the scale that, that they want to do. So you know, carbon capture I believe does have its uses, especially with enhanced oil recovery, which of course the environmentalists don’t want to don’t want to have happen. And I think that the storage does work in certain formations. And there’s been a lot of research done in the UK for, where they want to do it, and they’ve learned a lot from the Saskatchewan example. But again, it becomes a matter of scale and the magnitude that they want to do. And I don’t know if there’s if they have enough knowledge on what happens at that scale. Right. So okay, maybe if it works. All right. What happens afterwards if there’s a seismic event or something, I don’t know. But there’s been some good research done in Saskatchewan.

David Blackmon [00:07:37] So the reading this headlines do reminded me of you. Ever heard of operation GasBuddy? Operation GasBuddy was at. Hello, Irina. Sorry about the time change. Operation GasBuddy with subject that was mounted by El Paso Natural Gas Company back in the 1960s, late 1960s. A bunch of engineers and I actually knew one of them, years ago, who worked on this project. They decided it’d be a great job to get a small yield nuclear bomb and put it down into the basin Dakota formation in northwest New Mexico as a means of doing a high powered frack job to loosen up the base.

Tammy Nemeth [00:08:20] Yeah.

David Blackmon [00:08:22] And literally, they did this. They actually did this not once, but twice, and turned turn the formation into glass in New Mexico. And then later in Colorado, researchers, some engineer, some other engineers with another company decided, well, they knew how to do it better. And they tried it on a formation up in Colorado and turned the formation to glass. Again. This is the kind of so bad ideas, pretty bad money after bad ideas. As one of our readers commented, it’s not a new thing, related to energy. It’s just, doing being done for a different purpose now.

Tammy Nemeth [00:08:58] Well, you know, they wanted to do that in the oil sands back in the 50s as well. It was like they were trying to find these peaceful uses for nuclear. And they said, wow, if we could liquefy and get rid of all that sand in the oil sands, we could pump it out like Saudi Arabia would be great. And fortunately, they never did it because I don’t know what the outcome would have been. Probably not good.

David Blackmon [00:09:19] Probably not.

Tammy Nemeth [00:09:21] So hi Irina.

Irina Slav [00:09:22] Hello, I’m sorry, I completely forgot about your time change.

David Blackmon [00:09:26] Yes, well, we did do it.

Tammy Nemeth [00:09:30] Yeah. I only remembered because my son has classes. And I said to him, don’t forget, you’ve got your classes are an hour early, and then we’re I’m out in Oxford and I realize, oh my gosh, that applies to me too. So here we are.

Stuart Turley [00:09:46] All right. I’m gonna, and, let’s see. David, it’s just. Since Irina is here, she had to wonder. Yeah. Worries here.

Tammy Nemeth [00:09:59] Yes.

Irina Slav [00:10:03] Yeah, they are wonderful. I especially the first, but no, I like them both. But, the EU never fails to, you know, surprise. Even though it’s getting increasingly unsurprising. Everything they try to do to stifle the oil industry now they want them to pay. For poorer nations transition, or rather, poor nations. Problems with climate change. You know, we never get the specifics. They just say drought, floods, warming oceans. That’s it. I don’t remember any island that was predicted to sink because of rising ocean levels. Sink, actually. Have you heard about any island sinking yet?

Stuart Turley [00:10:55] Atlantis?

Irina Slav [00:10:57] Yeah. Besides.

David Blackmon [00:10:59] We had a congressman about ten years ago. Expresses concern that Guam was going to tip over in the middle of the ocean. But that was a.

Irina Slav [00:11:07] Different thing about the Seychelles or the Maldives than going To the modern world.

Tammy Nemeth [00:11:11]  It’s not the Maldives. There’s one of the island nations that’s always making a stink about it and goes to the cops and says, give us money. So I don’t know which one that is.

Irina Slav [00:11:25] Say to them? Of course, for sure. Yeah. But, I love this because, the money’s not going to be enough government money. Public money is not going to be enough. Because the bill imagines that, shockingly, the bill is going to be much higher than previously expected. They started well, they started lower. Second before last estimate to put the necessary money at $100 billion annually, and now it could be up to $1 trillion annually. I don’t know how the course is made, but clearly no government has this kind of money. So who should we get it from? Well, the oil industry, of course, because it’s all their fault anyway. But I’m. Sure that there’s. Something. The opportunity to, you know, pass with some diligence to help you.

Tammy Nemeth [00:12:21] And then and then the EU will complain that the companies aren’t spending enough on the transition. Right, right. Okay. You know.

David Blackmon [00:12:29] They they want you to produce more oil, right?

Irina Slav [00:12:32] Yeah. And then.

Tammy Nemeth [00:12:33] They’ll have a windfall or something.

Irina Slav [00:12:34] Else. Yeah. They’ll never be happy. That’s that’s should make the losers think. Yeah.

Stuart Turley [00:12:40] Well you know yesterday Saudi Arabia Saudi Aramco put out I believe that they had a 25% decrease in profits and they only made $112 billion in profits last year.

David Blackmon [00:12:55] So the $98 billion dividend to their shareholders. Right. Think about that.

Stuart Turley [00:13:01] Wow.

Irina Slav [00:13:01] Yeah.

Stuart Turley [00:13:03] So.

Irina Slav [00:13:03] Poor Guys

Stuart Turley [00:13:04] Poor.

Tammy Nemeth [00:13:05] Guys.

Stuart Turley [00:13:05] I’m sitting here counting the trillions and going, you got one oil company that made that much. It ain’t. There ain’t enough money.

David Blackmon [00:13:13] Right.

Tammy Nemeth [00:13:13] But I Irina in that article I can’t recall. Did they say which companies they wanted to pay? Is it just the Western companies? Does it include c NOC. Does it include Saudi Aramco. Like who?

Irina Slav [00:13:25]  They they never go into specifics, as we all know, that they were just considering finding new and innovative ways of, funding the transition. New and innovative sources of financing, including from the fossil fuel industry. That’s very innovative. Definitely.

Tammy Nemeth [00:13:44] Of course.

Irina Slav [00:13:45] Well, so.

Tammy Nemeth [00:13:46] So they want to kill it and they want to kill the industry, but they want to suck the money out before it’s completely dead.

Irina Slav [00:13:54] Yeah, exactly. Yeah, yeah.

Tammy Nemeth [00:13:56] Like a spider. Like a spider and a fly.

David Blackmon [00:14:01] On another grand plan.

Stuart Turley [00:14:03] Or my first wife.

Tammy Nemeth [00:14:08] Stu, Common

Stuart Turley [00:14:12] Monday morning. My hair was on fire. Sorry, you got your next one there. Irene.

Irina Slav [00:14:19] It is even funnier. Saying that Next generation EVs will be cheaper to produce than gas cars by 2027, thanks to manufacturing improvements.

Stuart Turley [00:14:33] Wow.

Tammy Nemeth [00:14:34] What about in China?

Irina Slav [00:14:37] I don’t know, but, I caught a glimpse in in passing about some giga thing that Tesla is doing that has to do with manufacturing. I didn’t read the whole story because it didn’t have time, and we’re an hour early, so I didn’t have time to read it. But, yeah, apparently there is going to be some major manufacturing breakthrough that will lower costs. Now, I always thought, based on what I’ve been reading about EVs, that it’s not the manufacturing process that is, you know, the main contributor to the high cost of electric cars. It’s things like that race. Components, and you can’t really innovate there and make any major breakthroughs. I mean, we hear about battery breakthroughs on a weekly basis, but. How many of these breakthroughs have gone to market? Not yet, but we’re getting manufacturing improvements that will make a buck in three short years.

David Blackmon [00:15:44] Yeah. It’s always just around the corner.

Irina Slav [00:15:46] Yeah. Yeah.

Tammy Nemeth [00:15:47] Just don’t give up. Spend more money. Invest more. It’s just around the corner.

Stuart Turley [00:15:53] I really got tickled on our other ones. When the remote control cars were taking control and people were, you know, getting in their car and just having some serious problems. Irina, before you got here in the green room, we found a video of a, remote control car that was taken over in Bulgaria, and we were hopeful this was not you. So, we’re is very like. Hey.

Irina Slav [00:16:29] That’s not funny.

David Blackmon [00:16:32] Actually, it’s kind of funny. It’s really kind of funny and.

Stuart Turley [00:16:35] And so when you were and before you got here again, Tammy was saying, well, you know, there’s a lot of problems coming around the corner for political extremism. And as the money. Well, transfer gets worse. I came up with this plan and I think this is what we’re going to see in the future for all politicians who are. Sorry. That is the true world effect of what a bad policy will do for you. It’s a rose. You’re going to smell it, and then it’s going to turn into something that’s going to sting you.

Tammy Nemeth [00:17:18] So to me, that sounds like the reality of nature and how energy actually allows us to resist that terribleness, that nature tends to do, that can go a little, you know, nature can go crazy. And the one thing I agree with Alex Epstein, what what helps us protect us from nature is hydrocarbons, of course. And having reliable, affordable energy.

David Blackmon [00:17:41] Yeah.

Stuart Turley [00:17:42] Protects us from nature. I like that.

Irina Slav [00:17:46] That is from the extremes of nature. I mean, there are people who choose to leave civilization and live remotely in good.

Tammy Nemeth [00:17:56] For them.

David Blackmon [00:17:57] Good.

Irina Slav [00:17:57] For example, what is there for me to do? Yes, but it doesn’t mean we all must be forced into a similar lifestyle. You know Adam.

Tammy Nemeth [00:18:06] Exactly.

David Blackmon [00:18:08] Yeah. My my great great grandparents got to experience South Texas, without they without fossil fuels, without air conditioning, without running water, without electricity. And that was why they ended up starting to use fossil fuels to protect them from South Texas during the heat of the summer and the colder the winter. And, you know, and nothing has really changed in that regard. That’s why we use these things and why we continue to need them.

Tammy Nemeth [00:18:35] My dad grew up in a sod house in the prairies in Saskatchewan. Yeah. And if he could see what the world is going to now, I think he’d be. He’s probably turning over in his grave. Be like, what the heck are you guys doing? Why do you want to go back to this?

Stuart Turley [00:18:49] You know, it’s pretty sad. My dad was 16 when his family got indoor plumbing. We’re not that far away. Fossil.

David Blackmon [00:18:57] Two generations away from that.

Stuart Turley [00:18:59] And my granddad came into Oklahoma in a covered wagon. So we’re not that far back, and we’re about to head that way again.

Irina Slav [00:19:11] And yes, it seems that these activist generations right now, they take so much for granted, and they completely forget that their ancestors and ancestors, not too far removed, didn’t have running water, didn’t have electricity. My my father was born in 1928 and he lived in a village. And as soon as he was born at home, he was moved to the cowshed for warmth. Because he was born in January.

Stuart Turley [00:19:46] Yeah. Wow.

Tammy Nemeth [00:19:49] And that was.

Irina Slav [00:19:50] That was about a hundred years ago. Not so long ago, if you think about it.

Tammy Nemeth [00:19:55] So he wasn’t poisoned by the methane?

Irina Slav [00:19:58] Apparently. No, no.

Tammy Nemeth [00:20:04] Apparently methane is a bad thing. No, I don’t know.

Irina Slav [00:20:07] Yeah.

Stuart Turley [00:20:09] Tell me. That was that was great. I am not worthy to hang with you. That was absolutely outstanding. I’ll tell you what.

Tammy Nemeth [00:20:19] Okay, so what’s our next, what’s our next set of headlines? Is that your Stu?

Stuart Turley [00:20:26] Let’s see here. Let’s. We got some comments here. The greenwashing extortion racket says drill, baby, drill for ever more tax subsidies.

David Blackmon [00:20:39] Gotta pay for the subsidies.

Stuart Turley [00:20:40] Absolutely.

Tammy Nemeth [00:20:43] Yeah.

Stuart Turley [00:20:43] All right. Good morning. Robert. How are you? Hi, everyone. Thank you. Okay. Let’s see here. I think I only had, these two, I when we’re, when we’re sitting here talking about the next stage of, of political, extremism, I’m almost afraid to give my full opinion. And, I think that we are going to see even more extreme political measures as the World Economic Forum is realizing that, oh, things are not going their way in the United States, that everybody’s realizing that Donald Trump may actually win again. That it’s going to get even more extreme. So we’re in the next six months of extremism coming around the corner. And I noticed some political things in Bulgaria. What’s going on over in the EU right now? I saw a couple of articles. I didn’t really understand them.

Irina Slav [00:21:48] What about.

Stuart Turley [00:21:51] Makes two of us? I just saw political extremism in Bulgaria, and I was like, well.

Irina Slav [00:21:56] Okay, same as me. Now we have a very pro-Western, very liberal government there. We that the far right populists are going to come into power if there are elections anytime soon.

Stuart Turley [00:22:11] So that was.

Tammy Nemeth [00:22:12] Portugal, wasn’t it?

Irina Slav [00:22:13] There was just, just have to like we to win the elections by a very narrow margin. And they probably won’t be able to.

Tammy Nemeth [00:22:23] To form a government.

Irina Slav [00:22:24] We got the far right party.

Tammy Nemeth [00:22:28] Right.

David Blackmon [00:22:29] I mean how that keeps happening in country after country isn’t it.

Irina Slav [00:22:32] Yeah, yeah, yeah.

Stuart Turley [00:22:35] Well, I’ll tell you what, with this for next week, we do appreciate everybody. And, Tammy, you are frozen. You’re out in. Where are you now?

Tammy Nemeth [00:22:46] I’m in Oxford. It’s not that cold. I mean, it’s, 10 or 12 degrees, but it just looks cold. It looks gray. Yeah, just something

David Blackmon [00:22:55] about Celsius. So that is one.

Tammy Nemeth [00:22:56] Yeah. Celsius. Sorry.

David Blackmon [00:22:58] About 40. Something like that.

Stuart Turley [00:23:00]  I’m sorry. My nose hairs were cold just listening to this. You’re so, you know, and and Irina, houseboat.

Tammy Nemeth [00:23:08] Yeah, exactly. It’s not that.

Irina Slav [00:23:10] Know that. Well, it’s warmer than the UK, as usual. Sorry. As unusual.

Tammy Nemeth [00:23:17] Oh, yeah. Extreme weather.

Irina Slav [00:23:19] And unusually. Yeah, it’s quite balmy today, thankfully.

Stuart Turley [00:23:24] Well that’s fantastic. All right, well, I’ll tell you what. Next week we’re going to have a great guest and we’re going to have a lot of fun. So everybody buckle up and have an absolute fantastic week. This is going to be great. I got my morning fix with Irina. Tammy and David.

David Blackmon [00:23:42] Well, okay. Y’all have.

Tammy Nemeth [00:23:44] Wait? Stu Stu, we didn’t get to my we didn’t get to mine.

David Blackmon [00:23:47] Into Tammy’s. Everybody. Those are my.

Stuart Turley [00:23:51] I don’t know where Tammy’s.

Tammy Nemeth [00:23:56] Oh. Been in there.

Stuart Turley [00:23:57] Tammy. What are. Tammy’s. I’m sorry. My bad.

Tammy Nemeth [00:24:02] Okay. So last week, Ottawa City Hall, that’s the capital of Canada. They had a group of activists lobbied the government to ban fossil fuel advertising in city areas that are, you know, like at skating rinks and stuff like that. And and it’s not just companies. It’s anybody who supports, oil and gas. And so, there’s a group called Canada Action and they were saying, you know, LNG is great. It’ll help China get off coal and so on. And, and so these activists got really angry, and they went up to the, to the city hall. And I tried to watch their, their testimony. And it was so full of emotion and crazy, just crazy stuff. And, and the council voted to put it to the bureaucracy, to assess the, the legalities. So, it looks like the city might do it. And so then I was doing a little more research, and it turns out that France banned fossil fuel advertising in 2022, and Amsterdam banned, fossil fuel advertising and aviation advertising, which is bizarre given KLM, you know, like, what the heck? And and so now, in order to give support to this ridiculous private member’s bill in the House of Commons, the activists are going to city councils and town councils around Canada trying to get them to ban it locally to give fuel for this federal legislation. And, you know, their, their, their testimony, whatever is all based on. We don’t like it. It’s a health issue. And they they just make up stuff and pretend like they’re supporting evidence. And it’s just it’s just garbage. And yeah, so that’s part of the extremism going on in Canada where they want to stop you from talking positive things about hydrocarbons.

Irina Slav [00:26:03] But that’s really silly because down here we still have cigaret advertising, only they they are not allowed to show the actual products and the advertisement, the billboards or whatever, has to have a warning label at the bottom that smoking pools, etc.. Why don’t they do something similar with oil and gas advertising? You know, warning hydrocarbons kill. This will be big idiocy. I love it if they say.

David Blackmon [00:26:34] Well, that’s what they want to do. I mean, that’s what that, member of Parliament from the NDP wanted to do. We wrote about him about three weeks ago. He he had a bill that would make it criminal. There would be criminal penalties for saying good things about oil and gas or coal.

Tammy Nemeth [00:26:51] Yeah. So I mean, it’s interesting because that the left has been pushing back and saying that’s not what the bill said. It’s, it’s it’s like, read the damn bill. That’s exactly what it says, that if you say anything positive about it, it’s criminal. And they’re trying to say, oh, well, that just applies to companies. And then in the same article they’re saying, oh, but it would also apply to this advocacy group. Well then it’s not just companies, you know. Who are you defining as an advocate? I guess I’d be an advocate because I believe that all of us right now, this is the best thing that we’ve got. And, you know, until an alternative comes along, which we don’t have. So, yeah, I’d be like fined 100 grand or whatever ridiculous thing it is.

Irina Slav [00:27:34] And they will still continue using petrochemicals.

Tammy Nemeth [00:27:38] YEah.

David Blackmon [00:27:38] Of course.

Tammy Nemeth [00:27:39] Yeah. Yeah. Yeah. And so Robert De Domenico is saying that he witnessed activists disrupting a Heritage Foundation event a week or so ago. They also disrupted a Bank of America meeting. I think it was. And they also, disrupted the International Sustainability Standards Board, sustainability meeting about 2 or 3 weeks ago, saying they’re not going fast enough. I know they’re not going fast enough.

Irina Slav [00:28:12] Right. Yeah.

Tammy Nemeth [00:28:14] Right. So that’s part of the extremism.

David Blackmon [00:28:18] It’s all funded by the same foundations and billionaires who founded the occupy movement 15 years ago and and, starting in 2017 and BLM starting in 2020. It’s all the same funders from all these men. Now you’ve got the problem of protesters disrupting Biden campaign events, all funded by the same billionaires and their foundations.

Irina Slav [00:28:44] And that’s exactly what I want. Oh, really? Fantastical world. I would like to see every single oil company in the world saying, okay, we want fun. Yeah, they only need to do it for 24 hours. I think that will be enough.

David Blackmon [00:29:02] And that would get them all prosecuted by the Biden Justice Department for antitrust.

Irina Slav [00:29:06] Why?

Tammy Nemeth [00:29:08] And nationalized.

David Blackmon [00:29:10] And nationalized.

Tammy Nemeth [00:29:11] And nationalized. But, you know, I was thinking about the idea of treason. And, you know, if it were foreign entities that were going in Canada or the United States or whatever say, we need to stop using oil and gas and, you know, which is a national security issue. If it were foreign entities doing so, that would be considered treasonous. So if they’re not just because they’re domestic. Is that not still kind of treasonous? I don’t know.

David Blackmon [00:29:42] It’s a good question. I don’t know the answer.

Irina Slav [00:29:44] Yeah, I don’t know about the legalities.

Stuart Turley [00:29:46] I’ve kind of lost the definition of treason in the U.S.. I believe there’s so much treasonous activity going on that there’s a firing squad would not be enough. Personal opinion.

Tammy Nemeth [00:30:03] I don’t know. I don’t. Know.

David Blackmon [00:30:07] That’s obviously not true. It’s not treasonous in the United States to turn over our entire energy security to China, which is what we’re doing. Yeah, right. It’s not just here. It’s in Europe as well. The whole Western world is in the process of surrendering its energy security to China and Chinese interests. I mean, that’s that’s the net result of the entire movement right now.

Irina Slav [00:30:33] Yeah. you’re wrong David.

David Blackmon [00:30:34] Defy anyone to.

Irina Slav [00:30:35] Challenge you from the U.S.. Not from China.

David Blackmon [00:30:38]  Right. Right.

Irina Slav [00:30:41] It’s called diversification.

Tammy Nemeth [00:30:43] Right. Right.

Stuart Turley [00:30:46] Robert, thanks for spelling correctly. I appreciate that.

Tammy Nemeth [00:30:52] Let me read that one out. I don’t know, I might get in trouble.

David Blackmon [00:30:56] Hey, dollar sign, dollar sign. Holes.

Tammy Nemeth [00:31:01] So I had sent an article around, can you guys about. I think it came out yesterday where they were talking about what happened with the cobalt mine in America and how this Australian mining company had invested $150 million to do this cobalt mine. They were all ready to go and whatnot. And then China opened up a couple more mines in, in, Congo, flooded the market, and the prices went from $70,000 a ton to 4000 or $3000 a ton. And and now the the American mine can’t make money. And they’re not going to they’re not going to mine.

David Blackmon [00:31:40] Yeah. And so you’ve all read about, the, the rare earth minerals mine up in, Wyoming, the discovery up there in Wyoming. Well, that’s exactly what you will see China do exactly the same thing. If that starts to progress.

Irina Slav [00:31:54] It wants to do. I mean, you can it’s not just China you can compete with the developing world on mining is the same with, what was it? Nickel. Yeah. Last week. Nickel and Indonesia. The Chinese are building refineries there and exploiting the mines, but they’re just doing what’s best for China, right? I mean, nobody’s stopping the U.S., Australia from doing the same. They’re just not doing it.

Tammy Nemeth [00:32:24] Well, I think the difference, though, is that when you have a state company or state companies that are backed by the state, they’re willing to take those losses in order to ensure control of the market. And Western nations aren’t prepared to do that. Number one, they’re broke. And number two, they’re not going to do that. Right. Because they’re with the the Inflation Reduction Act was supposed to kind of do something like that, but it’s so scattered. And really you’re competing with a communist nation that’s used to doing this so safely or.

Irina Slav [00:32:55] Not competing on equal terms because.

Tammy Nemeth [00:32:58] You’re exactly you exactly do it.

Irina Slav [00:33:01] To do it. You know, I’m a very much dislike the notion of the external enemy when it’s the idiots inside that are responsible for this external enemy, you know, to win over them.

David Blackmon [00:33:16] That’s right.

Tammy Nemeth [00:33:17] That’s exact.

David Blackmon [00:33:18] Problem is internal. Our enemies are within us.

Irina Slav [00:33:21] Always internally. Yeah.

David Blackmon [00:33:23] Absolutely.

Tammy Nemeth [00:33:24] Yeah. So and then I think my other article was about the what Stu had mentioned about these EVs that are going rogue and, there’s a particular Jaguar EV SUV that just starts accelerating. And dude was like, he had his kids in the back of the car, he slamming on the brakes. It’s not doing anything. And so part of the problem is I think with EVs, although they tend to be there’s a lot of, glitches maybe in, in the chips and whatnot, but that tends to be with a lot of potentially with modern vehicles are. So the electronics are so integrated that it can it can create problems.

David Blackmon [00:34:06] I had a 1987 Ford Tempo that did that to me about 35 years ago, but that was a real problem. Yeah, that was a mechanical issue.

Tammy Nemeth [00:34:17] I think. Did the accelerator get stuck?

David Blackmon [00:34:20] Yeah, the accelerator got stuck and it would not slow down, man. It was it was bad. It was really bad.

Stuart Turley [00:34:27] But but you know, there’s there’s a difference between, a accelerator, fly by wire getting stuck and having a cyber attack from someone and taking your car and then driving it into the thing. There was a video not too long ago of a guy that he was a game show host or not, a game show host, a podcast host. And they kept driving his EV into the ditch.

Tammy Nemeth [00:34:56] And he is a big joke.

Stuart Turley [00:34:58] Yes, he almost got killed, at least in there going, you guys were gonna kill me. I’m into the ditch. So think about that. I’m kind of like in an old car. We were all teasing my cars. I got 175,000 miles on them. I kind of like them right now. I’m there just now, getting broke in.

Tammy Nemeth [00:35:19] Yeah.

Stuart Turley [00:35:23] We got to, hear.

Tammy Nemeth [00:35:24] Some comments here.

David Blackmon [00:35:28] There you go.

Stuart Turley [00:35:29] Oh, Rubin. Rubin. That’s a great comment.

Tammy Nemeth [00:35:37] Robert de Dominico said, if you’re listening, let’s go. Brandon Hat and to the Philadelphia Clean Tech Northeast event. Did Robert did you get run out of that event?

David Blackmon [00:35:51] Probably. Probably by the Justice Department.

Tammy Nemeth [00:35:54] Thank you Gail. I’m not sure which point, but thank you.

David Blackmon [00:35:57] She always does. She always does.

Stuart Turley [00:35:59] We love Tammy.

Tammy Nemeth [00:36:02] Cargo fish.

David Blackmon [00:36:03] I don’t know who that is.

Tammy Nemeth [00:36:04] I don’t know what that is.

Stuart Turley [00:36:06] It’s ringing a bell. So pick it up.

Tammy Nemeth [00:36:11] Okay.

Stuart Turley [00:36:11] Okay. We sure got some great comments today. Travis.

Tammy Nemeth [00:36:17] Can I make it?

Stuart Turley [00:36:18] I’m not sure.

Tammy Nemeth [00:36:19] Can I make a point? You know, we were talking about political extremism, and one point I wanted to make about the EU is that whenever it’s a party that doesn’t agree with whatever they’re doing with the Green Deal or what center left they call a far right, and they call, you know. Yeah. Far right. Extremist. It’s like, what are you telling me there’s only left wing? I mean, and I find it fascinating that Ursula von der Linde is supposed to be a center, right? Leader. Yeah, yeah. That baffles.

David Blackmon [00:36:50] God help us if we ever get a lefty in there.

Tammy Nemeth [00:36:54] Well, that’s what’s happening in the UK. So the labor government here has, put their putting together. Sorry. They’re not a government yet. The government in waiting. They’re putting together a task force for investment with Mark Carney. Of course, on the task force on how they can get private investment money to do all the green stuff they want to do but can’t afford.

Stuart Turley [00:37:20] Wow.

Tammy Nemeth [00:37:22] So that that came in the Telegraph this morning. The Telegraph UK. And, you know, they’re acting like a, like a government in waiting. They, they, they’re pretty confident they’re going to win in the next election. And that’s frightening honestly. I might not be sitting here.

David Blackmon [00:37:40] If be just like Justin Trudeau. Come to the UK, come over to London.

Irina Slav [00:37:45] Yeah. And then the Tories and donations will probably look like the normal compared to what labor is going to do if the.

David Blackmon [00:37:55] Overton window will shift for the left again.

Tammy Nemeth [00:37:59] Yeah. For sure. And, I mean, the Tories are full in on the, on the energy transition. They went they didn’t do anything to stop the climate change committee and stuff.

David Blackmon [00:38:10] So that’s why.

Tammy Nemeth [00:38:12] People are feeling like there’s no alternative.

David Blackmon [00:38:14] Yeah, yeah. I mean, if you’re going to if you’re going to rule like the Labor Party, you might as well just elect the Labor Party.

Tammy Nemeth [00:38:20] Folklore. Yeah, exactly.

David Blackmon [00:38:21] It’s what Republicans in the United States never understand. If you’re just going to rule like the Democrats. Well, the voters are going to end up electing Democrats. You know, you have to offer an alternative. Why would anybody care about you?

Tammy Nemeth [00:38:35] The stuff. Like the church?

David Blackmon [00:38:38] Yes. Yeah. Don’t get me started on that.

Tammy Nemeth [00:38:42] Well, yeah, exactly. Here in England, I mean. Oh my gosh. Yeah. Yeah. Anyway. Yeah.

David Blackmon [00:38:52] Okay Stu, I think we’re going to wrap up before we start talking about religion.

Stuart Turley [00:38:58] Oh, look at the time.

Tammy Nemeth [00:38:59] Well, climate.

Stuart Turley [00:39:01] Religion, Yeah. We just we gotta practice purple wave.

David Blackmon [00:39:05] Speaking of, I’m a Presbyterian.

Stuart Turley [00:39:07] Yeah, I don’t either. All right. Well, hey, thank you for all the great comments. And, Tammy. Outstanding. You did great today. Freezing your off.

Tammy Nemeth [00:39:21] Freezing, sort of. Yeah.

Stuart Turley [00:39:25] I mean, on.

David Blackmon [00:39:25] Behalf of the United States of America, I want to apologize to Tammy and Irina for daylight savings time. It’s the stupidest thing we do in America. And that is saying a lot.

Irina Slav [00:39:36] We do it in Europe, too. We do it. We’re just you, and we’re going to stop doing it. But we haven’t because we have to coordinate on which time zone we will freeze our time at.

Stuart Turley [00:39:51] And if we care, if we can’t get along and have fun and then sit back and try to get along as countries over a time zone. Lord help us. Have a great day, guys. We’ll see.

Tammy Nemeth [00:40:06] Thanks, everybody. Bye

Irina Slav [00:40:09] See you next week. Bye bye.

Tammy Nemeth [00:40:10] See you next week.

 

 

 

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Tags

David Blackmon, Energy Realities, Irina Slav, Stu Turley, tammy Nemeth


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