Here are this week’s special guests and energy experts for The Crude Life Week In Review Episode 481.
Dr. Loren Scott just finished his annual Economic Forecast for the State of Louisiana and the news is the economy is going to get better, but first it’s going to get worse. The interview explains why from OPEC to European gas to natural disasters to Biden’s policy’s.
“People should be prepared for a national recession. It’ll start probably in the first quarter of next year and the last three quarters,” said Dr. Scott.
Dr. Scott said Louisiana is a different economy than other states due to their importing exporting ports, fossil fuel ecosystem and natural disasters. Over the past year and a half Louisiana has experiences five natural disasters and the rebuild will happen during the national recession. Dr. Scott believes as a whole, the state will add more than 14,000 jobs in 2023 and more than 30,000 jobs in 2024.
“Three major hurricanes, Winter Storm Uri, and floods have seriously arrested the state’s growth,” Dr. Scott said.
The interview also dives into Europe’s decisions to go “all-in” on the Green Movement and outlaw fossil fuels. Dr. Scott believes Europe is going to have a rough, expensive winter, pointing the blame at their full commitment to doing away with fossil fuels.
Dr. Scott also explains why taking barrels out of the Strategic Oil Reserves is putting America at risk and why the current direction of natural gas is putting places like Chicago and New York at risk this winter.
Dr. Scott also gives an update on Lake Charles and the $3B dollars of activity happening in that region.
Loren C. Scott & Associates, Inc., is a 35-year old firm that provides economic consulting and public speaking services for a wide range of clients. Consulting activities include impact studies, forecasting services, analysis of policy proposals, and general economic analyses. Consulting clients include BP, ExxonMobil, Entergy Corporation, J. P. Morgan Chase, Capital One Financial, Nucor, Sasol, and a diversity of others. Our objective is to put together the very best team of associates to attack our client’s problems. Dr. Scott makes 50-70 presentations a year on the state of—and the outlook for—the economy and the energy sector in particular.
He is one of the 32-member National Business Economic Issues Council, which meets quarterly to discuss issues of state, national, and international interest. This group has experts who cover international trade, Washington economic policy, retail trade, trucking, steel, chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has been appointed to the Economic Advisory Board of the U.S. Council on Competitiveness—a group made up of the CEOs of the Fortune 100, top university presidents, and presidents of three major unions.
He has been interviewed on MSNBC, CNBC, Bloomberg TV, and several local TV stations and his work has been cited in such publications as the Wall Street Journal, the Financial Times, USA Today, the Los Angeles Times and the Moscow Times, to name a few.
Dr. Loren C. Scott is President and founder of the firm. He was on the Economics Department faculty at Louisiana State University from 1969 to 1998, where he rose through the ranks from Assistant Professor to the holder of the Freeport-McMoran endowed Chair of Economics. He is presently Professor Emeritus of Economics at LSU.
Joe Sinnott, Witting Partners and The Energy Detox, talks with Jason Spiess about the shift in the workplace, home life and society.
The two discuss how the shift in energy can make the workplace a completely new place than it was two weeks ago. In addition, the new schedules and extra curricular activities, Sinnott talks about patience, acceptance and communication during these times as coming to the surface during the fall season.
For more information on Witting Partners, The Energy Detox and Joe Sinnott, click here
Marshall Johnson, Mule Deer Foundation, shares a couple stories about how the oil and gas industry has helped the mule deer. Interview was conducted by special guest co-host Shawn Forbes, OG Directory, at the Williston Basin Petroleum Conference.
Music heard on The Crude Life Week in Review is written and performed by Alma Cook of Cook Compliance Solutions. Support her music career at www.hearalma.com
Interviews are sponsored in part by TrainND Northwest – It’s a competitive world. Train for it.
About The Crude Life
Award winning interviewer and broadcast journalist Jason Spiess and Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
The Crude Life has been broadcasting on radio stations since 2012 and posts all updates and interviews on The Crude Life Social Media Network.
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Sponsors, Music and Other Show Notes
Studio Sponsor: The Industrial Forest
The Industrial Forest is a network of environmentally minded and socially conscious businesses that are using industrial innovations to build a network of sustainable forests across the United States.
Weekly Sponsor: Stephen Heins, The Practical Environmentalist
Historically, Heins has been a writer on subjects ranging from broadband and the US electricity grid, to environmental, energy and regulatory topics.
Heins is also a vocal advocate of the Internet of Everything, free trade, and global issues affecting the third of our planet that still lives in abject poverty.
Heins is troubled by the Carbon Tax, Cap & Trade, Carbon Offsets and Carbon Credits, because he questions their efficacy in solving the climate problem, are too gamable by rent seekers, and are fraught with unreliable accounting.
Heins worries that climate and other environmental reporting in the US and Europe has become too politicized, ignores the essential role carbon-based energy continues to play in the lives of billions, demonizes the promise and practicality of Nuclear Energy and cheerleads for renewable energy sources that cannot solve the real world problems of scarcity and poverty.
Weekly Sponsor: Great American Mining Co
Great American Mining monetizes wasted, stranded and undervalued gas throughout the oil and gas industry by using it as a power generation source for bitcoin mining. We bring the market and our expertise to the molecule. Our solutions make producers more efficient and profitable while helping to reduce flaring and venting throughout the oil and gas value chain.
Join Podcasters from across the world and all walks of life as they unite to bring civil solutions to life and liberty.
Studio Email and Inbox Sponsor: To Be Announced
Featured Music: Alma Cook
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