You have to listen, watch, or read this interview on The Energy News Beat Podcast! We interview Ryan Ray, who is the most fun podcaster in the oil and gas market! It did not take more than 2 min into the interview for us to start throwing jokes at each other.
Seriously we cover some great Oil and Gas news this week from around the world and implications of Line 5, Line 3, and Colonial Pipelines with the impact of the security on our infrastructure.
First, a great joke comes even out of the un-edited transcription. Ryan Ray is The only Marine Biologist, and oil & gas aficionado in Texas, and I have to hang a pork chop around my neck to let the dog play with me.
Ryan ….Those are more about and if you listen to the show long (Ryan’s podcasts) enough philosophical ideas that I’m importing into the industry, not necessarily about how best to frack a whale or how long the lateral should be. And so that’s how that’s why.
Stu [00:02:22] Did you say frack a whale?
Ryan [00:02:25] Yes, that too.
Stu [00:02:27] OK, maybe we are from Texas.
Ryan [00:02:30] Listen, PETA is going to be all over us for that clip, OK? All right. Well, what’s going on here?
Stu [00:02:38] Hey, just a couple of things for our listeners. And that is, Ryan, you are on the board for a China. Tell me a little bit about that board for that group.
Ryan [00:02:49] Just not actual China. Although the CCP would like to have me run their party, they can find me anywhere online. I’m on the board of advisors for the George H.W. Bush Foundation for U.S. China Relations. Yes, the group I’m with,
Full Un-Edited Transcript and no animals were harmed in the making of this podcast. Energy News Beat Interviews Ryan Ray –
Stu [00:00:04] Hey, Ryan, I really appreciate you jumping on our podcast, the Energy Newsbeat podcast today, and thank you very much for taking time out of it since you’re the podcast aficionado. I guess that’s a Texas way to say it.
Ryan [00:00:20] Well, thanks for having me. As you’re telling me offline, I think you reached out to, what, two or three other people before you got to be. So that’s good to know that I’m I’m in the two to 300 range now. I’m hoping to eclipse the top 200. But on your guest list, I know I’m out now. It’s good to know. Thank you.
Stu [00:00:35] Well, absolutely. But, you know, I’m like a pork chop on my podcast, and that is a kid. I’m so ugly or homely
Ryan [00:00:43] around your neck.
Stu [00:00:44] Yeah. I got to hang a pork chop on me. So my my my producer will actually have something to shoot. But, you know, I’ve just enjoyed getting to know you over all this and our other podcast, and it really is fun. I we have so much fun when we’re picking on each other on our live shows that I’m sorry when you see me join up and I’m start hammering you with some jokes. That’s kind of fun, actually, right?
Ryan [00:01:11] Oh, yeah, I enjoy it because, you know, at the end of the day. If you listen to, like, speakable, Goldblatt’s has an oil and gas podcast, right, what they’re doing is not the kind of content I’m doing. I don’t have a problem with what they’re doing. They’re trying to appeal to a certain type of audience. Here’s what I know. I don’t know all the things that they know they’re going to talk about. That’s not me. So I don’t wanna pretend to be that. I want to see what I think and I try to keep it where I think I might know something and then stay away from the things I don’t think and then I don’t know. And so on top of that, try to have a little fun while we’re doing it. So because you listen, I can’t impact the oil prices. Right. Right now, but I know if you’re making a trade on all baseball, what I said, call me, write me a check and then make your trade because you might as well throw the money away to me first. But, you know, I’m not I don’t want to insult that seriously, I mean, I have serious are opinions, right? Those are more about and if you listen to the show long enough philosophical ideas that I’m importing into the industry, not necessarily about how best to frack a whale or how long the lateral should be. And so that’s how that’s why.
Stu [00:02:22] Did you say frack a whale?
Ryan [00:02:25] Yes, that too.
Stu [00:02:27] OK, maybe we are from Texas.
Ryan [00:02:30] Listen, PETA is going to be all over us for that clip, OK? All right. Well, what’s going on here?
Stu [00:02:38] Hey, just a couple of things for our listeners. And that is, Ryan, you are on the board for a China. Tell me a little bit about that board for that group.
Ryan [00:02:49] Just not not actual China. Although the CCP would like to have me run their party, they can find me anywhere online. I’m on the board of advisors for the George H.W. Bush Foundation for U.S. China Relations. Yes, the group I’m with,
Stu [00:03:03] that sounds great. And so, you know, I kind of paying you for information on China, but I think that you’d have more fun running the CCP than they are that you have 8000.
Ryan [00:03:16] Taco Tuesdays would be an official holiday, OK, and you can do it right. But that’s a problem with communism. The thing they can do that are fun. They don’t do.
Stu [00:03:26] Oh, yeah. I mean, just look at us. We’re we’re approaching. They’re OK. With that being said, Ryan, we got some fun things going on. And, you know, we kind of talked a little bit about there’s two major pipeline things going on this week. We got line five with Enbridge going up to Canada. And that’s just a monkey. I mean, it is make money out of the four states, a big billions, billions. And as we say, what’s a couple billion between friends? And then the other one is the Colonial Pipeline. And I want to bounce some things off on that and. No, yeah, it’s kind of funny, my producer just shot me a note and said it’s kind of funny that there’s a lot of people that are wanting 100 percent green and now they can’t get gas. So now they’re really worried about it. And and so taking line five in line five, Ryan is the one. It is in a horribly big amount of oil. Let me look at my list here. And it goes from to Canada. And it is the governor up there. She has put a stop to it and is about to shut it down. And that is 33000 jobs in those four states and 30 some odd billion dollars of lost revenue. I need to get I need to fact check myself. So what have you seen on that?
Ryan [00:05:10] Well, I think it goes to the current political climate in the US, as you mentioned, and again, can I go back to where I said a minute ago is my take on this is this is principles over a person or party? Right. And so should govern. Should a governor have the right to do this? Now, that’s not I’m not saying whether Governor Whitman does or does it. I’m saying the people have to start thinking through these issues. Do you want a governor, whether it’s Republican or Democrat, to have rights? And so. And what you’re seeing is, is that with the Keystone or the dapple or whatever, is that the executive branch of our government has accrued so much power that they can start moving their agencies to influence these multibillion dollar projects. Right. Apple will not come to our industry, so. It’s not saying, hey, it’s when you were in office, he said all these executive orders when Biden got in all the executive orders, that’s not good for long term investment in the country. It might be good your guys in for what you’re wanting, but the next guy gets in, he overthrows it. And so how do you get from the spot to. I have no idea what witness legal rights are here. It seems like he has them, but people have to decide how much power do we want to cede to the executive branches of our government, whether it’s state or federal? And that question gets overlooked. And so for me, it’s very frustrating because what we’re going to do is we try to sue Wittmer, try to get her out of office, and then we can put in a Republican and then he’s going to greenlight it. And then a Democrat gets back in and they’re going to it’s like you haven’t fixed the problem. Right. So so that’s where it has to be. We want things. If they’re good, then they should be policies that are a pass by some kind of congressional body, not some executive branch or executive branch agency, and then be there things that you can call a congressman or congresswoman and put pressure on them, your local your rational person and say, hey, I’m not too sure about this. You’re going to vote for this? I don’t think so. You’re calling the governor up, right? Do you think you
Stu [00:07:15] can’t get to the governor? Right.
Ryan [00:07:17] You barely have a shot, your congressional level, but that’s a big shot that you have. And so giving the power to the executive branches of. Widespread authority is something that we really have to consider, and what I found is when I talk about this is that. Is that people saying, well, you know, that’s not the way it is? Not at all. OK, I don’t care how it is, we have to think about how we want it to be. And then there’s there’s that’s one. And part two is once we get there, we can’t rest on our laurels and say, well, we got here because the law of unintended consequences tells us that when we get there, we might have forgotten something. OK, well, you know what? We didn’t think of this. We need to move forward. And as a society, we have gotten to where we want power to be, you know, accrue to one area and then distribute it out. And so we just vote for that one person and that person hopefully lords over us and does what they wish. But long term pipeline projects will not be invested in if you can’t get assurance that you can run them.
Stu [00:08:18] Oh, yeah, there’s no capital coming in. And the Atlantic pipeline got canned. That was the beginning of the year because they couldn’t get insurance that couldn’t get funding they couldn’t get I mean, that one just had a bunch of arrows and bullets in it. And that makes a difference when you can’t get a pipeline fixed. Pipelines are assets
Ryan [00:08:43] you want in 53, right? Do what? Yes, 1953. Right. And we now get new pipeline. They’re not building this pipeline as we speak.
Stu [00:08:53] Oh, no. They’re putting in it’s like line three just to the east. And that here’s the other political thing, and that is the damage this is doing to Canada. We are just absolutely abusing our our wonderful Canada neighbors. They need the crude just as bad as we need to export it. And Ryan, I don’t know, what do you think about the relationship between the U.S. and Canada, especially with Keystone line three in line five? Holy smokes.
Ryan [00:09:29] OK, so you broke China right now, right? You’re broke China. I’m going to go right back to China.
Stu [00:09:40] Oh, that’s
Ryan [00:09:41] the thing I love about China is that US policy with China is almost a microcosm of everything that’s tied to the US. Wow. And so here’s I mean, we get mad at Iran and we’re like, oh, Iran’s and this is just me saying what the U.S. government says, nothing is right. Iran is the worst Utada. So, you know, we’re going to we’re going to sanction and punish Iran. And Iran is like a shipping holiday. We have more for you, you know, discount. And China’s like, yes, sir. Yes, sir. Because we need. All right. So then we’re like, how dare the Iranians sell products to China? Is that would you wanted to do it? So you have Canada. If we keep kicking Canada in the teeth, right. They’re going to sell to China or somewhere else. And then we’re like, oh, the horror of Canada making a market decision that’s in their best interest. It’s like, well, they they wanted to sell to us. Exactly. And we ruined it. And so the Chinese have to be so fast because all of a sudden China is like it. If you take the candidates like, well, I’m going to say that Canada wanting to sell to China, they prefer to hold us. But if they do and you’re like, well, I mean, can you blame. Can you blame them?
Stu [00:10:53] Well, you know, on that Iranian front, they have been planning for years to protect their cash flow and they’ve done it. So the United States is absolutely not important anymore. You know, when they just signed that, it was at a 25 year agreement with China to do things and it’s even outside the OPEC and OPEC plus production, China is important. A lot of oil, man. I mean, that’s just crazy.
Ryan [00:11:22] So. Yeah, well, yeah. Right. And so do you think they want the Canadian oil? They’ll take anything right, because they got refineries. You bet they got refineries. And is this a straight shot from the Western Bank of Canada, the.
Stu [00:11:38] Oh, you bet. And so I absolutely love our Canadian brethren, Michael and I have interviewed some a lot of them up there as well. But one one time last year, Ryan, we had a interview and he came up with a line of NOPEC, which is North American oil producers. And I think we had a trade with Mexico and Canada and really have our own structure. But much as me, I mean.
Ryan [00:12:09] Yes. So if you go back a few years ago. When there was a lot of talk about building pipelines from Texas into Mexico and how to handle that, right, you know, there’s a lot of potential problems. That are involved with that, but it really comes down to how do you handle the rule of law? This was during Mexico’s energy reform. Right. So they had the energy reforms going on, which they’ve rolled back since. And one of the things we saw at the time was, is, you know, how will you know, how can you get assurance from Mexico that they’re going to handle litigation the right way? Right. So their dispute between Ryan and Srta. And I go down to Mexico and sue all the Mexican courts, going to treat me fairly and or vice versa. If you’re coming to America, you get treated in our thesis was. That what you’d have is, is you’d have companies, early adopters, who are willing to take the risk and they might get screwed, but they also might make a lot of money and they will kind of set the template for what’s going to happen. They’ll have lawsuits, the contractual problems, all the typical business stuff that you have. And then you have the second wave and then the third way. And the longer it goes, the more comfortable people will get with running pipelines and doing business from Texas to Mexico in the energy space. Right. Right. The one thing that could not happen was what happened, which is that Mexico then yanks their energy reforms. And you go, OK, well, this is too risky. And so what we’re seeing here is if the US is not a reliable trade partner, you’re not going to get a lot of pipelines built from Canada to the U.S. What would you.
Stu [00:13:41] Absolutely not. And they can’t plan on anything. Right.
Ryan [00:13:45] We’re going to have to have laws that are stable that that are that are sound, that they determine precedent, that people can unknow, that if we follow these laws, we could and do Project X, Y and Z and we do not. We are losing that. And it’s a very scary thing because what happens is you lose it. And then all of a sudden to you, by the way, is granted to you, is very regulated and so that’s a concern.
Stu [00:14:13] You know, I and I always have to fact check myself, especially when I’m picking on you and your life, because it’s like, you know, all right, I get to pick on, you know, Ryan, and that
Ryan [00:14:23] is make it all up. It’s all comedy, so.
Stu [00:14:25] Oh, absolutely. Me. And, you know, when I got Larry the cable guy to like one of my tweets, man, I am now complete in my life. I had to fact check myself and line five shut down would cause at least twenty point eight billion losses in Michigan, Ohio, Indiana and Pennsylvania. Holy smokes.
Ryan [00:14:49] That’s a great point. And so let me just add on one quick thing. They’re always reluctant to throw those numbers out because the number could be really depending on who’s putting the number out there, either going over it. And here’s the other thing that never gets added is what about the dad whose wife and him are having a kind of a rough time? The kid might school is struggling and he has to go home and say, I lost my job today for nothing he did wrong, nothing he did wrong. It’s not like there’s an economic crash. Like no one did anything wrong. Right. It’s like the worst time to let someone go is a layoff because anything wrong and you failed them as a business owner or a business manager, you could or this is even worse because literally one person is removing your ability to make a livelihood. Right. Measure that toll. That’s human capital. And that’s what happened. The stress of people right now going, OK, the market, should we sell our house members of our house? Because if this thing crashes, I can’t get a job. This is what I do. We’re so like you can’t even measure that in the the disdain the politicians have for their their citizens, their constituents is is appalling.
Stu [00:15:58] Oh, yeah. So you’re going to run for president next week.
Ryan [00:16:04] Yeah. Yeah. I’ve I’ve got the exploratory committee out, you know. Hey, hey, hey, hey. Here’s a little back for you. What’s that. I actually received one vote for president in twenty twenty.
Stu [00:16:15] No way was it your wife.
Ryan [00:16:18] Now, she’s way too smart for that. I voted for myself so I wasn’t going to vote for I don’t vote for mainland candidates at the presidential level and I didn’t want to vote for the libertarian Joe Jorgensen, a libertarian. It’s no secret there. And so and then people are like, oh, well, you know, this that the other they always give you a hard time if you don’t vote for Republican or Democrat. And I was like, well, all of the reasons we keep you all complain about these two candidates and I’ll get it right. So whatever it’s I thought, you know what? I’m not going to right myself. And so at least when I die, I can say I got one vote as president for President Ford. So I was a little bit disappointed. You did bring me on as former presidential candidate Ron Reagan. But whatever, you know, whatever
Stu [00:17:02] you’re known, is that now, man, you are now known. Is that so?
Ryan [00:17:07] I wrote it in this road and on the ballot.
Stu [00:17:10] My producer is dinging off with jokes here, Ryan. So we now have my Mr. Producer, Michael will be the Economic Council, and he recommends me for the Department of Defense, secretary of defense. So we have already got your cabinet.
Ryan [00:17:26] There we go get a cabinet form in health care reform. And we know,
Stu [00:17:30] yeah, we are all over backing you up.
Ryan [00:17:32] So, yeah, it’s all it is, is donations. So, Ron, what room? Dotcom, that’s run media, dot com. This thing funded baby. Let’s go.
Stu [00:17:41] Oh, let’s rock man. I think we’re really good. Hey, coming back to the pipeline, I got a couple other things here in
Ryan [00:17:51] life are taking.
Stu [00:17:52] Oh yeah. Hey merch boy. Mr. Producer, you’re on some coffee over there. Yeah. We got to talk about, you know, kind of merch that we have joint jointly on our jokes. We go, you know, there’s this in the well,
Ryan [00:18:08] I think you if we could get a good designer like a well being split somehow, well, I think
Stu [00:18:14] that would be a better rig on it. Yeah. Yeah. So, you know, the Ray and Ray for president and merch. I mean, man, way to go, Mr. Producer. I love love him, by the way. He’s almost always looking over you. Kind of like my wife. So. OK, Colonial, what are your thoughts on that? I got a few things that are kind of funny, but what do you think is going on there?
Ryan [00:18:40] So a couple of things. One, I had a friend remind me. Yesterday he goes, oh, a few weeks back, you said that pipelines being hacked wasn’t a concern to our security. And I said, OK, I’ll address that later because he he’s giving me a hard time. I said, I’ll give you the W. Now, I’m going to address him here and make him some listeners podcast. Google is the first thing is I think that again. Go back to ground zero here, philosophical point, this is philosophically speaking, I think it’s important that it happened this way. I think it’s important that it happened this way. This was not someone hacking all of our airplanes and crashing them into the ground. This was not someone to bring back flowing an exploding refinery. Right, right. Those are instant overnight war type affairs, casualties, death. We are this. What I think will happen is, is and I think you’ve already seen this, this is kind of a read on it. The Dark Side came out yesterday and like, oh, you know, sorry, we didn’t mean to hack you that bad. Have you ever heard a hacker in the history of hacking be like, dude, we really you we really have them guys? I don’t think we only want your email. We didn’t want to break it. You now it’s like it’s impossible and very seriously. Have you ever
Stu [00:19:55] heard a hacker goes, oops, too far? No, no. I’ve never heard of Scooby Doo. I mean, retro.
Ryan [00:20:01] Exactly. So my guess is that someone somewhere James Bond style, like sit like like a phone went off, they open it up. It’s like they’re the crosshairs, you know. So my thesis is on some level, I’m being tongue in cheek, but also serious. I really think that they have been warned that this is going to end badly for them if they don’t get it together. That’s the first thing. The second thing is the last time I’ve heard and you might have more information on this that I’ve seen is that these this group is based in Russia, but not connected to Russia. That’s that’s the official reporting, if that’s what they’re saying.
Stu [00:20:35] I heard this morning that they’re in Georgia, OK, and they’ve got ties to Russia. So I think, you know, we’ve had so much political things about Russia, Russia, Russia, kind of like, you know, Marcia, Marcia, Marcia. I know they could be anywhere. Sure.
Ryan [00:20:52] So let’s just say that they are on the Russian border in Georgia, not Georgia, the state or the country that you’re in. Because my hat, Georgia state, they’re in big trouble, President. But again, philosophically speaking, President Biden has the right as a commander in chief to say that you have a you have an act of war on our country, this threat to our security. You are now a war at war with us. We’re going to come kill you. Right. So I suspect that they were warned somehow early this week like it’s over. You better stop it bad. Yes. Also, I suspect they were warned by the Russians. The Russians, wouldn’t them, like, hey, guys, if you don’t stop this, they’re going to come kill you. And before they do, we’re going to kill you because you’re going to have to think about this in Putin. Let a U.S. drone drop a bomb on or near his border.
Stu [00:21:48] You know, I can’t do a Russian imitation, but I can do something like, you know, a you guys bad guys blow up. Yeah. Who wants to fight Putin?
Ryan [00:21:58] I know what I’m saying. Putin, who knows that we’re going to respond militarily, right? If these guys are in Russia or near Russia. He cannot allow the U.S. to drop a bomb. Right. In Russia and Russia. So Putin is looking into this. If he’s a smart guy and he is saying as if you don’t stop this, I’m a kill you first. So I suspect my read on the situation is, is that a it will go away, probably won’t ever hear what happened. These cats, they will be threatened with their life or they will be killed by the KGB or something like that. Right. Which means that the other terrorists or folks or whoever these hackers or even call them that that know about this. They will understand that when this happens. Right, there will be hell to pay on a level that you can’t imagine. That’s my read of what’s going on and why we’ve seen this resolve in a unique manner into what I say is the best thing possible. If that reads right in time will tell. It’s the best way possible because we didn’t have mass casualties on the U.S. side in the second thing is now. Everyone in the US that’s in energy understands the potential threat from being hacked, and so hopefully they will up there. Oh yeah, right. So we didn’t no one died. We got little economic pain. No one died. And so if we keep vitrines this way, probably the best way for this to happen and not I’m not applauding. I’m not saying like of all the possible scenarios, probably the best would happen.
Stu [00:23:25] Oh, yeah. Hey, to bring that up, though, in a total energy, you know, taking a look at substation’s for energy, taking a look at all the other things, we’re not real secure on our grid.
Ryan [00:23:39] Know. I mean, so. Right. So now you have now you have something that shows, OK, hey, this is what actually could happen. There’s a lot of talk about what might happen if it happened. Oh, by the way, it could mean far worse. And I don’t know. I haven’t seen how they hacked it. Was this a dude clicked on the wrong link to the email type stupid mistake, or was this a fundamental. Oh, my gosh, how did you guys not I mean, it’s pretty sophisticated stuff and they just hack through it. I don’t know what what level protection.
Stu [00:24:06] I don’t either. But we they did get 100 gigs of data
Ryan [00:24:12] in it
Stu [00:24:12] and that is just nuts to me. And we were talking with our head of technology and board member there, Connor, yesterday. And, you know, he knows a lot about the technology and and that. And we you know, was it a fishing? Was it a you know, there’s all those different kind of ransom. Where’s the dark, the dark side, whatever the name is, they are like, yeah, yeah, yeah. And anyway, they said also in another one that they had put out oh by the way, we don’t like selling our ransomware. We will be more careful who we sell it to. All right. Now that’s funny. I don’t care who you are, as Larry would say, but you see what
Ryan [00:25:02] I’m saying, like for them to act this way, I think I think they’ve been I think someone got a hold of them real quick in a hurry. And it’s like this is about to end in the worst way possible for you people. You thought Gitmo was bad, like, oh, yeah, they will not tell your story. And I could be wrong. I just I just I’m stunned at how quickly they really kind of backtracked on all their all that false bravado. Maybe just a bunch of teenage kids. They’ve got an overhead, but we’ll see just the fact that they backtrack. I’ve never again I’ve never heard a hacker goes. We did too good today. We really did good. Sorry. You know, I mean, seriously, have you ever.
Stu [00:25:39] No, I just thinking about Scooby, I you know, they’ve always gone right before the ghost, you know, tries to beat them up. But I’m really frightened from a standpoint of our country. You know, we don’t understand how good we have it and we don’t have an energy plan that is concise. I mean, when you take a look at the how many pounds is it to make a thing of lithium? Is it 500 tons or some silly number? Ryan, I mean, have you heard that some ungodly number of children sweating and a. Oh, yeah. I mean, it’s really hideous. So where’s the plan on batteries or storage or, you know, the natural gas is the real path to carbon free. And why can’t we have pipelines if we can’t have natural gas? I mean, it’s just silly for no planning. I, I don’t know about how do how do you think we get to that planning for the next level.
Ryan [00:26:44] Yeah, I think this goes back to something the country has to decide. And 2020 really highlighted this early. Twenty twenty. What you saw was very much a top down approach to the pandemic response, right. Yep. Then as it went along, you saw the states start saying, well, hold on, we’re going to do it this way and we’re going to go this way. And then the media is trying to pass who they think is doing it right or wrong. Whatever. Come on issues. This is what happened. In the backdrop of that, though, is is that states in the union have already been kind of pushing this with legalization of marijuana. Right. You know, it’s federally not legal, but state by state it is legal. So I think we’re going to have to decide. How do you handle energy policy in your own state, as we talk about with Colorado and taking this podcast? You know, they are pushing stuff a certain way. So if they want to go that way, then the people of Colorado want that. I’m not mad at people Colorado, but I don’t want is the federal government imposing that for all 50 states? And so I think we have to get to a state by state thing. And people think when people hear that, they go, oh, my goodness, how could you function? What does it mean that multiple states can’t work together? It’s not like saying Texas has an exclusive thing. And we all were like, oh, screw you guys. Let’s say that Texas needs to have its own energy policy and that includes where they’re going to get it from, how they’re out, who they want to sell to all of these things. And then Oklahoma might want to work with them. Louisiana might win over them. New Mexico makes North Dakota whomever. And so the states need to reacquire that. And what you would see at that level. Is a bad policy by some states in the price they would be subsidized by the federals and then you’d see great policy that some states and U.S. policy in the middle, which is like Mississippi, I have no idea what their energy policy should be or don’t know what it is, but I suspect we’re going to kind of struggle with it for a while. I grew up in Louisiana. We always talk to me like, oh, we’re bad. You’re we’re like the folks in Mississippi going to need a lot of time to work through this. Well, that’s funny. But anyways, so if you don’t like Maine, you sort think about all the states in our union and how they would handle energy policy. There’s so much battery storage. Maybe you find in Wyoming or Montana or South Dakota that they go, you know what, we can actually. Stuff from China sward on these lands, you know, incentivize farmers to do this and then sell it back to the grid to wherever. Right. That might be what’s best for South Dakota. That doesn’t means what’s best for Texas. Oklahoma, I don’t know. But it has a state by state level, is my opinion.
Stu [00:29:20] You know, it’s kind of funny, though. You hit on about 19 great things. And I don’t mean to compliment you even though you are a libertarian. Even I believe in what you say most of the time. So this is really cool topic. So, I mean to compliment you, but when you take a look at the state by state trying to keep that which is in the Constitution, keeping the federal government out of their
Ryan [00:29:42] business, what the Constitution sounds
Stu [00:29:48] like, another podcast’s
Ryan [00:29:50] like feel like I’ve heard that before somewhere.
Stu [00:29:53] Oh yeah. What constitution. And and we sit back and kind of go, you know, who always gets it in the drive thru with energy policies? It’s the disproportionately impacted communities. It’s the poor folks that is raising the kilowatt per hour price on all of this. And I you and I have done let’s have the best kilowatt per hour and have the best technology that we possibly can. And anyway, I’m getting kind of a little bit worked up on the you know, I have a passion for getting hit in the drive thru. If you’re under a certain that makes sense and
Ryan [00:30:37] it makes perfect sense. And, you know, this is what I find stunning. And I wrote a piece about this a while back and it basically said I was arguing that the U.S. global emissions are a result of the US federal government right now. So they built the houses. They built the highways. You and I can’t build highways. It’s just the law, OK?
Stu [00:30:59] I can barely make breakfast.
Ryan [00:31:00] Well, OK. Well, we can’t build the highways. We don’t have the right that. No, you want to open an airport. Who to whose approval do you need? Oh yeah. You want to build a big port to import and export who’s abroad. You need you want to build a refinery, a big facility, all of the things. Yes. That we do. And I’m not saying these are bad things, by the way. I’m saying the government is the one who tells you on that level. So if they wanted to stop carbon emissions from cars, we’re building roads to stop building roads. But they need so people to be able to take that to go use it. Well, right. That’s because we increase our standard of living. We get duh duh. So now the point is. Is that if the mirror if America is the worst and we’ve got a large problem, that’s a problem. I’m saying the government on that level has actually far more impacted where things have gone down, who’s been able to do them. Therefore, they are the ones who are responsible far more than the private sector who regulates these groups, not me and you, the government. And so when we say that the government is going to come in and fix this, it’s like, well, just to be clear there, while we got here, it’s not private sector. The government has allowed all of this to happen on their watch now has it has its own responsibility. We’ve talked about that private sector has to take responsibility for the impact a party have to, as No one bet. But when you read an article that says refineries disproportionately impact low income communities who have the refinery built, who prove that.
Stu [00:32:38] Man, that is like great, I have not really thought about that, Ryan, so having an epiphany from Ryan Ray is absolutely worth the price people are paying for this podcast. That was absolutely phenomenal now. And I think it brings up a great point. It’s like, why are we sacrificing the world? Our economy are disproportionately impacted folks for climate change. When I saw yesterday or the day before from I believe it was Reuters, they had a note saying that China is not going to meet any of their expectations and by 2060, they’re still going to be the largest producer of CO2 and pollution. And they also said something silly, that it was like the pollution is so bad that no matter what the U.S. does, China right now is putting out more pollution than the other major world countries combined. I don’t know if that was true or not. And it’s just like you said earlier, we got a fact check or you don’t know who wrote it.
Ryan [00:33:56] We covered this. Yeah, I can tell you. So it was the US. India in the EU.
Stu [00:34:02] OK, cool.
Ryan [00:34:04] OK, so those countries combined was
Stu [00:34:08] I must have missed that podcast.
Ryan [00:34:10] Oh well we did everything OK. Yeah. So, so China was this is where you get that check. But China was like twenty nine percent. Right. In those three countries combined was I think twenty one percent, just like whatever it was added up to fifty one percent. That was what was left out of the story. Even when you add China, the US, the EU and India, it’s still fifty one percent. Well by the way, what about Pakistan, the third largest population of the world? Yeah, what about Africa? That’s a continent, not a country for people who don’t know, that’s a continent about South America, right. And all the people see 49 percent of the pollution that they’re talking about is all these large, huge places. And, you know, I keep seeing in Pakistan because they’re the third, I think are the third largest right population. Second, third right there, the India.
Stu [00:35:02] And there they’re not even included.
Ryan [00:35:05] So as their per capita GDP growth increases, what do you think is going to happen? Right. And so, you know, I heard of that. They characterized China as a industrializing nation and the US is a post-industrial, industrializing nation. And he’s in his. That’s interesting. Yeah. And his argument was one agreed with, which is that most manufacturing jobs aren’t coming back. And he said, like, you know, for cars, we’re never going to build all the car here. We assemble cars here. Right. So the car assembly will go in an industrialized nation, which is China or many other nations was assembled them here. And we need to understand that. And I fully agree. The other thing he said is because of that. We in the U.S. can transition from energy sources quicker than China can. I’m not sure if I buy into how much energy transition we can actually do in the U.S., but but I think the larger point of what he’s saying is true, which is you if unless you and he didn’t speak to him, unless you expect China to really hamper economic growth, they’re going to build coal fired power plants.
Stu [00:36:07] That is absolutely their demand increase, I believe. I haven’t heard on on one of your podcasts, which I do listen to, which is not just because you’re a guest on the show, you know, because I heckle you on the shows is the fact that China is growth of energy demand requires them to put more coal plants online. Yeah. Is that a fair statement?
Ryan [00:36:35] I mean, OK, I have to go read the current policy because you read a lot of stuff about what they’re I don’t know, the current policy. Here’s OK, let me rephrase this. I don’t like our policy. Their policies are going to they want to do OK. Let’s just be honest here. The policy is they’re going do they want to do with their written policy, as I have no idea, nor do I really care because they’re going to do what they want to do. Exactly. Exactly. And that’s important. And just just just real quick, when when when Americans listen to the US and China go back and forth, China has a point when they say some stuff about the US. And one of the points is, is that the US basically bullies people. Well, now you may think we’re right or wrong. It doesn’t matter. China’s point is, is that if we want to sanction Iran, go back to them. When we do, we don’t get the permission for that. We’re the reserves. We’re the world’s reserve currency. We used it. We won’t. And so China is like, you know, what if we do, we don’t care. The US thinks Iran sell it to us at a discount. So we’re bothering him. And so there’s a lot of back and forth with the US and China. And so what their policies are aren’t necessarily a concern for me as much as what they do, because what they do is what they want to do.
Stu [00:37:45] And that’s kind of like the the old joke, you know, what is this 600 pound gorilla? Do you know whatever he wants to be?
Ryan [00:37:53] What’s what’s kind of like the mob? You know, you watch the mob shows and then, like, kill this guy is a made man and then like three episodes later, someone waxing me like I thought you couldn’t do. They’re like, well, OK, we had a procedure. We brought in the families. We all met
Stu [00:38:07] it. Well, yeah, we had a procedure.
Ryan [00:38:10] Yeah. It wasn’t really a fair trial. But, you know, he had some testimony. He wasn’t there to defend himself, of course. And so we whacked the guys like. Right. Like he’s a made man. So it’s kind of like that with China. They just kind of like, well, we got the policies of yeah, we change it. And so another thing is, is that China, to their credit, has brought the number, you believe, of four to seven hundred million people out of extreme poverty in the last 40 years, four to seven. Right. And so they’re feeding a lot of people and there’s all people who are out of poverty. And that is because they have these huge emissions. Right. So the huge emissions are a result of that. So you could have people starving in the rice fields, right, in these big cities. Oh, by the way, though, what do we know happens to people as they increase their wealth? When they increase their wealth, they have a nicer standard of living. And all of a sudden, right when you’re in the rice field and you’re starving to death and this is a this in the China state and this is a rivalry statement, if I’m in the rice field, I’m starving to death. Right. I will drink the water in the ditch. I’m that desperate. Right? Right. Absolutely. It doesn’t matter. I’ve got to live when I’m living a little bit more wealthy. It’s like, OK, I get the bottled water, please. The medium rare steak. Right. So as you become wealthier, what happens is your concern about the air you’re breathing in the water, everything. It changes because now you you expect to live a long time. As China’s population becomes wealthier, they are pushing back on their government. I guess it’s it should be sunny. I can’t see the sun. Like I can’t wear a mask of all time because the smog, we had something. And so the Chinese people are putting pressure on their government to clean up the air and that’s a reality. But you have thousands of people who are still in poverty, so. So I think it’s I think there’s a lot going on with the China stuff on that, so let me get off on all that.
Stu [00:39:56] Oh, no, that’s fabulous, because you are is it on the Bush Foundation of intercollegiate I mean, inter national CCP. And so if you don’t get the presidency in 2024, you’re going to run for the president of the CCP. Right.
Ryan [00:40:16] Interestingly enough, Xi Jinping term is supposed to be up between two people suspect that he will keep on riding if he wants a marketing guy to come help him with that spin. I’ll be happy to do that so.
Stu [00:40:28] Well, yeah, you you know the area.
Ryan [00:40:31] And so let me just say this real quick. There is a lot of there’s a lot of people out there who report that China pays media organizations to cover them. Well, right. I suppose it is, to be honest with you, the. They’re not paying me, but if they would, I would consider let me just as well get that out there publicly, they’re not paying me, but if they would, I would consider it. Yeah, right. I mean, how could we all get a price, right?
Stu [00:40:58] Oh, yeah. You know, what’s wrong with that? Brings up a great point. Michael and I were on our podcast last year, and it was kind of funny. It was when all the tankers were all piling in to California. I actually got a call from China and they said they wanted to interview us. And I’m like, all right, I got a call from China. Somebody actually two people actually listen to our podcast. So it was kind of cool. And, you know, I didn’t take that interview, but it was it was more of an ego thing that I got a call from China saying, hey, you know, they want to do interviews.
Ryan [00:41:34] They call me to talk to me. So there you go.
Stu [00:41:37] They as soon as they found out who it was. Oh, yeah. My Mr. Producer Michael just said we were being screened as possible spies.
Ryan [00:41:50] And I think, you know, when you get the China space, you’re already kind of looked at. Right. I think with the China space is is that when if you go watch how much China commentators, there’s really two large groups. There’s the hawks like right on is the worst. Oh, my God, we should just parlament oblivion or whatever in the last time you have is is China is at that bad. And so I think the issue by issue and try to give you my opinion, however, however so most people suspected that those two groups groups are being paid off. Right. So. Right. Being paid off by some kind of U.S. interest group to produce this kind of content and others has been paid off by the CCP to produce the stuff. Got it paid by nobody. I just want one side to pay me. That’s all I’m saying.
Stu [00:42:34] Absolutely. And speaking of propaganda, I loved your joke. You played on your son the other day. I mean, it was a couple like last month or so, the anguish, the water. I mean, I don’t know whatever he did and he’s all, you know, you’re off on that. We got about two more minutes here.
Ryan [00:42:51] Oh, I’m rambling. Let me stop that. Go ahead.
Stu [00:42:53] Oh, no. You are just so entertaining and I really appreciate your opinions. And so, again, thank you for letting me bug you on your live shows.
Ryan [00:43:05] O o n o o o your stuff do. It’s a lot to do to steal your stuff and a few words and just be good.
Stu [00:43:11] Oh well I’ll pay you later. Hey, could you could you tell our listeners how to get a hold of you and some of the podcasts that you get.
Ryan [00:43:21] Yeah. So. Probably the best way to get home right now is linked in, OK? And so that’s easy spot to find me. And as you mentioned, kind of working on some new projects there. And I put most of us up there in the podcast. There’s several to name Texas Oil and Gas podcast, you know, podcast. Don’t let the facts over time and inside the war room. So if you want to write down all those,
Stu [00:43:50] put in the show notes because we actually transcribe these, so. Oh, well. Oh, yeah. You’re going to be in famous or infamous and famous or famous.
Ryan [00:44:01] You know what I’ve learned what I’ve learned is, is that. I have the propensity to get people to think that I have a position that I completely do not hold, so which makes you influence a lot more than famous. So you have
Stu [00:44:18] a propensity because I didn’t think you knew that big of a word.
Ryan [00:44:21] Well, I just I Googled it. I said smart word, a lot of things. And so fracking oil.
Stu [00:44:28] And so you love that one. We are going to have a Ryan Ray T-shirt made with that one. And so it will be available in our joint merch store there. Well, Ryan, again, thank you. I really just appreciate everything that you do for the podcast group. And we need some more. Everybody needs to listen to the oil field. One which one has the screaming at the beginning of it.
Ryan [00:44:59] Oh, on that.
Stu [00:45:02] You hear that? Yes, I you guys podcast. Yeah. We got to do something like that. But again, thank you very much for
Ryan [00:45:09] having me on. I really appreciate it.
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