Brandon Davis , Jeremy Pate and Imran Khan, Swan Energy, discuss the recent spike in bankruptcies and how that will impact the rest of the oil and gas industry.
Despite the bankruptcies, lay offs and disruption in industry, Davis sees the marketplace shifting and creating new opportunities.
“Forget all that. You have to take the hand you are dealt, and here we are and there is not a lot we can do about it. ” Davis said. “All the doom and gloom speaking and talking doesn’t do any good, doesn’t help. Just brings out more doom and gloom.”
Davis continues explaining how uncertainty creates opportunity. Swan Energy is aggressively buying natural gas assets. Khan and Pate both agree that natural gas futures look bright, as international markets are waiting for American natural gas, as new innovations are paving new paths in energy development.
The interview transitions into renewable energy and government subsidies. Davis explains how in the past his investors would shy away from anything subsidized due to the lack of control and merit of product or service. However, with the Managed Marketplace, he is considering looking into some solar farms and wind projects because opportunities are being controlled and directed that way.
“I have a hard time getting into something that only makes money if it has subsidies because if the subsidies go away then you are neck deep in it and really in trouble,” Davis said. “Although when you look at these wind farms and they are so massive obviously someone else had much more risk tolerance from that standpoint than I do and I am not tied into the government that much to get any of that.”
Clean energy, natural gas innovations, bankruptcy as a strategy, STEM education and Jerry Jones are also discussed in the exclusive interview.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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