The Crude Life Morning Show: Play Hard Work Hard Episode 17
Daily Rig Count
source: tradingeconomics.com
HOUR ONE PLAY HARD: Jason Spiess and Sterling are joined by Marty Bent, Great American Mining Co., to explain what the heck happened with the GameStop kerfuffle.
Marty explains what a “short squeeze” is, who Robin Hood is and how the Reddit users figured out the manipulation and flow of the marketplace.
Marty’s main theme in the discussion was how we are living in a “two-tiered” system where one tier has protections in place so the other tier can not rise or become empowered.
The interview also talks about whether gold, silver or Bitcoin can be viewed as an alternative for investors or if those other commodities and currencies were impacted during the GameStop kerfuffle.
Marty also explains how Robin Hood is owned by Melvin Capital (Hedge Fund) and how they shut off “buying” opportunities and only allowed “selling” to occur.
Jason pointed out this is another example of how the “managed marketplace” has replaced the “free market” and asked Marty whether this template of “Reddit Short Squeezers” could be used as a weapon against industry who is already having issues with investing.
The interview concluded with Marty explaining how their website mineral to Bitcoin calculator works and how operators are using Great American Mining Co to mine Bitcoin in the Northern Shale Plays.
The Play Hard portion of The Crude Life Morning Show also explains the rules and regulations for The Crude Life SuperBowl Numbers Board. Prizes, giveaways unaccountable notetaking and playing it by ear is also discussed during the segment.
Prizes Given For:
Total Time of National Anthem – Chewy Pawz Antler Chews
1Q Score – W.I.C. Tote and Mouse Pad
2Q Score – $100 Gift Card and the book Play For The Person Next To You by Erik “The Awesome Man and Awful Golfer” Hatch. (Nickname inserted by Jason Spiess)
3Q Score – 40-Foot BHA Tape Measure from American Directional Drilling
4Q Score – Ariat FR Jacket courtesy of Becker Safety and Supply
Final Score – Annual Sponsorship for The Crude Life
News, Rumors and Newspeak
Permian Basin oil and gas companies continue to merge, as market recovers from COVID-19
Mergers of major oil and gas companies continued into the new year as the industry continued to recover from an historic bust in 2020 brought on by the COVID-19 pandemic.
On Wednesday, Nasdaq reported the price of oil had recovered to about $53 per barrel, the highest in 11 months and across the $50 per barrel threshold most companies need for operations to be profitable.
The price of oil first exceeded the threshold on Jan. 6, and continued a steady climb in the days after, records show.
Elon Musk Wants To Drill For Texas Natural Gas To Power SpaceX Starship
Elon Musk became the richest man in the world thanks to enthusiasm for Tesla Inc.’s sleek electric cars — and the company’s stratospheric stock price.
Oregon law to decriminalize all drugs goes into effect, offering addicts rehab instead of prison
For Janie Gullickson, rock bottom came both slowly and all at once.
A longtime drug and alcohol addict, Gullickson pushes back on the idea that one terrible day on the street leads to an epiphany and a climb back to normalcy. That’s what happens in movies, not real life.
In HOUR TWO we WORK HARD with our Newsmaker Interview: Dwayne Ferris, Black Creek K9 Pipeline Leak Detection
Ferris served in the United States Marine Corps as a Military Police Officer receiving assignment as a Military Working Dog handler. This experience brought him to the oil and gas industry detecting leaks in pipes with dogs.
The types of dogs used in pipeline leak detection is discussed from bloodhounds to labradors to shepherds.
Other topics in the interview include public relations for the industry, whether the dogs are more accurate than automated sensors and how using dogs can be used in the ESG movement.
The Crude Life Daily News Update for the Radio on The Podcast
Chairwoman of the Texas Railroad Commission Christi Craddick discusses flaring in Texas and how they are using innovation to address the issue.
To listen to the full length interview
Sponsors, Music and Other Show Notes
Weekly Sponsor: Orange Property Management
Weekly Sponsor: Maxwell’s Restaurant and Bar
Phone Line Sponsor: Swan Energy, Inc. 866.539.0860
Featured Music: Moody River Band
For sponsorship information on The Crude Life Morning Show Play Hard Work Hard, email studio@thecrudelife.com or click here.
For guest, band or show topic requests, email studio@thecrudelife.com
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