Dr. Loren C. Scott, president, Loren Scott & Associates, gives his insight on what caused the OPEC fueled price drop over the past week. Dr. Scott also gives his opinion on why the reaction is what is it.
The Chinese market and coronavirus are discussed in detail in regards to impacting energy prices. Dr. Scott explains why uncertainty and volatility are the market’s biggest issue.
Foreign companies investing in natural gas processing plants and pipelines are talked about with Lake Charles, the Bakken and Permian basin given as examples where foreign investing and ownership is talking place.
Natural Gas subsidies, flaring taxes and need for pipelines are also mentioned as issues and discussed solutions.
Dr. Scott gives the history of Earth Day and how wordsmithing has changed to fit the narrative of the time. He cites Global Cooling to Global Warming to Climate Change as one example of the framing and wordsmithing from the environmentalism industry.
Dr. Scott also answers the question what will the industry look like in five years.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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