Misleading Hope
Aaron Jordan, Black Water Environmental, talks about the word “hope” and how it can be used in misleading ways in industry and business.
“Hope should never be used in an industrial sense. Ever. You don’t hope you are going to be safe. You don’t hope you have the right equipment, you don’t hope you brought enough materials,” Jordan said. “You prepare, you strategize, then you show up prepared. Hope is not a tactic or place. Hope is not something you base your business off of.”
North Dakota Keeping Close Eye on DAPL Court Challenges
North Dakota is keeping a wary eye on the continuing legal challenges facing the Dakota Access Pipeline (DAPL), which carries 40% of the daily oil supplies from the prolific Bakken Shale.
Department of Mineral Resources Director Lynn Helms during a webinar last Friday sounded alarm bells regarding an ongoing legal action that seeks an injunction to shut down DAPL while additional environmental impact work is done.
“The state is extremely concerned about the potential shutdown,” Helms said. “We’re talking about a situation in the middle of all the current [pandemic and economic] destruction that would add a whole new magnitude of destruction” to the Bakken market
Unprecedented Shut Ins
Craig Ray, Keystone Oil Fabrication, comments on how the recent shut ins have impacted his business in “unprecedented” ways.
“It’s unprecedented Jason, that goes without saying,” Ray said. “The market has had such a detrimental effect. The oil patch was already slowing down, then you layer in COVID-19, you have an election year that comes into play, and all those things amount to a perfect storm for our oilfield industry.”
He also comments on how the energy industry tends to have a “herd mentality” and how it can be a double edge sword at times.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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