The Crude Life Morning Show: Play Hard Work Hard Episode 18
Daily Rig Count
source: tradingeconomics.com
HOUR ONE PLAY HARD: Jason Spiess and Sterling are joined by Carroll Angelle, Premier Off Shore Catering to talk about Super Bowl food and fare. Carroll was on his way through San Antonio en route to Midland for Thursday’s Oilfield Connections International Mardis Gras Luncheon.
Carroll gives the details for the Mardis Gras menu and shares stories about helicopter landings, getting supplies off shore, seasick employees, Cuba, Tiffany Wilson and authentic seafood stock.
Sterling and Jason banter back and forth about marketing dollars and donuts. How traditional strategies are used and how crazy or creative ones work and fail only to work again.
For example, The Crude Life Numbers Board was an impulsive marketing idea that ended up with a commitment of giving away over $2000 in prizes.
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
California Governor Gavin Newsom, Despite Pledge, Signed 1,709 Oil and Gas Production Permits
Out of all the Joe Biden administration’s suite of executive orders on climate signed on Wednesday, advocates in California have latched on to one in particular: a promise to halt new oil and gas lease sales on public lands and offshore and to review existing leases.
Some of them hope that the move could inspire similar action by California Gov. Gavin Newsom‘s administration, which has so far approved more than 8,000 oil and gas permits on state lands.
US oil and gas fears end of the line for big pipe projects
As a string of infrastructure projects hits the buffers, America’s oil and gas industry is facing up to an uncomfortable new reality: the era of building big new pipelines has probably come to an end. Joe Biden moved quickly last week to cancel the contentious Keystone XL oil pipeline, delivering on a campaign promise to curb emissions and put the clamps on the oil and gas industry’s growth.
Click here for the entire article
Grape-Nuts shortage: Why it’s harder to find the breakfast cereal
Fans of the breakfast cereal Grape-Nuts may have noticed it’s been missing from many store shelves for the past few months — another result of the coronavirus pandemic. But the makers say there are no plans to permanently end the cereal.
“We are sorry you are having a difficult time locating this product, we would like to inform you it has NOT been discontinued,” a message on the Grape-Nuts website reads. Multiple reports say it’s a supply-and-demand issue. As more people are stuck at home and eating breakfast in their own kitchen (or having a midnight snack), demand for cereal has gone up.
In HOUR TWO we WORK HARD with our Newsmaker Interview: Loren Scott, president, Loren Scott & Associates and Professor Emeritus of Economics at LSU
Scott recaps several of the executive orders signed by President Joe Biden and how it will impact the oil and gas industry.
“Secretary of Interior Deb Haaland is a very scary person. She has called repeatedly for an all out fracking ban. She’s a supporter of the Green New Deal, wants a total ban on all drilling on public lands and waters, wants to abolish the internal combustion engine. She’s AOC on steroids, aimed right at the gas industry. This is not good news for Louisiana or the industry.”
Scott says its like this administration has loaded up a machine gun and has just unloaded on the oil and gas industry.
Climate activism and public relations are discussed in detail including comparisons and differences with coal and tobacco. Scott explains how reliant our quality of lives and economy is on fossil fuels. He furthers the discussion by explaining how the economy works and oil and gas is one of the main core drivers.
Scott shares his insight on the Gulf of Mexico’s economy and how there is a wildcard in natural gas due to the number of refineries and foreign companies building and buying. He transitions that into the state of Louisiana’s oil and gas economy and how COVID has impacted the state.
The interview concludes Scott sharing some examples of how Green Energy has been financed, supported and implemented into other countries and culture only to find out it didn’t work. Furthermore, he explains how the materials and minerals needed for Green Energy isn’t actually environmentally friendly Green Science.
Administering rank prejudice and supporting state-sponsored social shaming is also discussed in the interview.
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.
Over the thirteen-year period from 1983-96, Dr. Scott was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He received 7 seven awards at LSU for outstanding classroom teaching.
Dr. Scott is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy, which are released each fall. He was a co-investigator on over $1 million in grant research at LSU and is the author of over 75 articles and technical reports in addition to reports written for consulting clients.
The Crude Life Daily News Update for the Radio on The Podcast
Chairwoman of the Texas Railroad Commission Christi Craddick explains what industry was like a few decades ago when operators would have to come in weekly and get approval when and where to drill.
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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