Recorded on September 11, 2024 and July 12, 2024 https://www.youtube.com/watch?v=Xl09qODB9vg Episode 115 of the PetroNerds podcast is another jam-packed PetroNerds special you are going to listen to, relisten to, and share. This is the keynote address that Trisha Curtis gave to IPANM, the Independent Petroleum Association of New Mexico in Albuquerque, New Mexico on July 12th, 2024. This podcast is front-loaded with an energy-dense PetroNerdy market update covering everything from the softness and deterioration in oil prices, the Fed and inflation, weakness in the Chinese economy, lack of attention on geopolitics, and updates on the war in Ukraine, elections in the US, and Chinese power generation stats and CO2 emissions and much more! In this keynote address and talk Trisha covers the current state of the Biden Administration, global elections, US oil production, the health of the US economy and the consumer, inflation and the non recession, the non-ESG friendly energy transition, whack-a-mole CO2 emissions, the real problems with China, Russia, Iran, the war in the Middle East, Houthi attacks on ships in the Red Sea, Chinese CO2 emissions and exports of cheap green tech, the resilience of US shale, and everything in between. Make sure to check out the article Trisha Curtis published with Real Clear Energy as the Economist for the American Energy Institute: "America's Energy Success has Nothing to do with the Biden Harris Administration" https://www.realclearenergy.org/articles/2024/09/03/americas_energy_success_has_nothing_to_do_with_the_biden-harris_administration_1055870.html and the US shale paper Trisha Curtis did for the Oxford Institute for Energy Studies that was published in their September 2024 Forum Journal. The paper is called "US Shale Oil - Relentlessly Resident" https://petronerds.com/wp-content/uploads/2024/09/US-Shale-Oil-Resiliency-PetroNerds-Trisha-Curtis-September-2024.pdf Listen on Itunes

Recorded on August 16, 2024 https://youtu.be/1z8gu8-Iz0g In episode 114 of the PetroNerds podcast, Trisha Curtis, CEO of PetroNerds, is joined by Chris Brown, VP of Policy and Research at the Common Sense Institute, to discuss the recent report Trisha co-authored on Colorado's declining energy competitiveness. Energy is not just a sector of the economy; it is the sector upon which all businesses rely. Colorado, along with the rest of the US, has witnessed a dramatic escalation in electricity and natural gas prices, despite natural gas prices being near all-time lows, below $/mcf, for multiple months this year. In this podcast, Trisha and Chris discuss the main themes of this report, including the rising electricity and natural gas prices in Colorado, which are making the state less competitive from an energy cost standpoint. They also discuss where electricity is coming from in Colorado and the direct correlation between rising electricity costs and the increase of wind power into the grid. Finally, they talk about Colorado's CO2 emissions, which account for less than 0.3 percent of global emissions, and how Colorado shutting down coal-fired power plants is actually enabling higher CO2 emission growth out of China, increasing the cost of electricity and power generation in Colorado, decreasing grid reliability, and reducing the affordability of energy in the state. The data is damning and alarming, and folks in Colorado need to be reaching out to the PUC, Xcel, and their local representatives, demanding a halt to more wind and solar power being added to the grid at the expense of the Colorado consumer, taxpayer, and household. The report, along with all the detailed charts and analysis, can be found here: https://commonsenseinstituteco.org/wp-content/uploads/2024/07/CSI-Report-CO-Energy-Competitiveness.pdf. Listen on Itunes

Recorded on April 5, 2024 https://www.youtube.com/watch?v=Kpt86pq3xL0&feature=youtu.be Episode 105 of the PetroNerds podcast is a must listen to show stopper that you are going to want to share and listen to again. This PetroNerds podcast is a fresh market recap and dive on everything driving oil prices higher, including geopolitical tensions, the war in the Middle East, the Fed and rate volatility, inflation and concerns over sticky inflation, and China, Iran, and the less than ESG friendly energy transition. Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, walks listeners through the rise in oil prices, the rise in gold prices, and the rise in the 10 year yield curve and the relationship between the three. She gets into the current state of geopolitics and the risk premium finally coming into oil prices with regards to Israel and Iran. And she talks about the plethora of Fed commentary this week covering everything from rate hikes to rate cuts to rising immigration. She also talks about the US jobs report. The bulk of the podcast is the talk and presentation Trisha gave in Dallas, Texas to a group of investors at the CFA Investor Summit in November 2023. She chose to release this podcast now because of the geopolitical explanation in the talk with regard to the war in the Middle East, Fed comments, the atrocities committed in Gaza, and her discussion of China's role in the energy transition. This is fast talking, lippy, and a complete round the world conversation to investors. Listen on Itunes

https://youtu.be/qz8gSMh2tnc In episode 15 of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy discuss the current status of the Colonial pipeline (which had not resumed operations at the time) and get into oil prices, the US dollar, and all things inflation and Fed moves or lack thereof.

https://youtu.be/30sc0Lp4M9s Trisha Curtis and Ethan Bellamy come out swinging in the second part of this windy and nerdy two parter. They get into the color and commentary in BP’s Q1 2021 earnings call and the major themes discussed including EV charging stations in the UK and Europe, offshore wind, and BP’s move from an IOC to an IEC. And then Trisha and Ethan bring this two-part episode full circle by getting into the Arab News interview with Saudi Arabia’s Crown Prince Mohammed Bin Salman and his comments on US and Russian oil supply. Trisha and Ethan’s discussion on this interview and how MBS thinks and how it relates to the global oil market and the energy transition makes this a must listen to episode.

https://youtu.be/fHoY82nP5Jg Episode 13 of the PetroNerds podcast is part 1 of a nerdy two parter on oil prices, oil demand outlooks, US oil demand, OPEC plus, Biden’s recent policy moves, and the Senate hearing on the suspension of oil and gas leasing on Federal Land, pending review.  This episode covers a lot of ground and is very timely.  You are not going to want to miss it.  Stay tuned for part two, episode 14 where Trisha and Ethan get into the BP earnings call and the interview with Saudi Arabia’s Crown Prince Mohammad Bin Salman or MBS.

https://youtu.be/oIeCf40xZbU In episode 12 of the PetroNerds podcast, Trisha Curtis sits down with Louis Baltimore of Hyliion trucking. Trisha and Louis talk about natural gas combined with battery technology in the trucking space and what types of solutions Hyliion has to offer the market. This is the first interview/discussion with a guest on the PetroNerds podcast. Trisha and Louis get into discussions of the role of natural gas in the trucking space, the market in the US, and potential markets abroad.

https://youtu.be/CiVuLuppS0I Trisha Curtis and Ethan Bellamy take it into overdrive with a dense and timely podcast covering everything from DAPL to Iran. They discuss IEA’s oil demand increase, oil prices, US efficiency gains, the merits of hedging, the potential nuclear deal with Iran, Iran’s uranium enrichment, and what it means if Iran adds barrels to the market. They get into two recent Bloomberg articles on Chinese solar panels in Xinjang and BP’s selloff of Alaska, and bring it home with an update on the Dakota Access pipeline hearing and Trisha’s more nuanced take on legal precedent vs. Army Corp punting. (Trisha accidentally said Guernsey is in southwest Wyoming when she meant to say Guernsey was in southeast Wyoming, just off the border of Nebraska.)

https://youtu.be/acQ6om9uc6k In episode 10 of the PetroNerds podcast, Trisha and Ethan continue the discussion of the Permian Basin’s rising rig count, oil prices, and spare OPEC Plus capacity. They also begin what is sure to be a more lengthy discussion on Biden’s Infrastructure Plan and associated Tax Plan, what Trisha calls unfair comparisons to China, and go through the Department of Interior’s nearly four hour virtual forum on oil and gas leasing on Federal Land and Offshore Waters and the executive order on Climate Change, which prompted the forum and review. (Note and clarification. As of January 2021, Doublepoint Energy, LLC was producing over 60,000 bd with nearly all of the production coming from 184 horizontal wells. Doublepoint has 184 active horizontals and 386 active vertical wells according to Enverus.)

https://youtu.be/-WYoqehIpDs In the 9th episode of the PetroNerds podcast, Trisha Curtis and Ethan Bellamy talk about the rise in the US rig count, OPEC Plus adding barrels to the market, the role of the Saudis in these moves, oil demand and oil supply, oil demand growth in the US, China importing 1 mbd from Iran, and the trouble with Indian and Chinese coal consumption and CO2 emissions.

https://youtu.be/-WYoqehIpDs In Episode 8, part two of the St. Paddy’s day doubleheader, Trisha and Ethan crush on Chevron (CVX) and the company’s approach to the energy transition and short cycle economics, pick apart China’s five-year plan, and analyze the Biden administration’s foreign policy moves. Trisha smacks Ethan during the show – a standard feature of this healthy podcast relationship from Trisha’s dining room table. Other mentions: Ethan applauds Chuck Yates’ dad who sheltered the Yates clan with solar and batteries during Uri, and talk about the merits of Generac’s standby generators for emergency weather. True Companies. Tallgrass. Robert Norton. Deb Haaland, the new Secretary of the Interior. Kinder Morgan. Mountain Valley Pipeline. Dakota Access. Chinese Capitalism. Hong Kong. Chinese and Indian coal.

https://youtu.be/B98nURAjVCo Trisha Curtis and Ethan Bellamy bring you a special two part St. Patrick’s Day special diving into hot oil prices, inflation, OPEC Plus compliance, and a real discussion and attempt to help listeners define and better understand the term “energy transition” and give it some actual context. Episode 7 is part 1 of this not to be missed discussion on what the energy transition is and how academics are defining it as well as a discussion on the newly released and rather controversial IEA 2021 Oil Report released on March 17, 2021 with some very aggressive oil demand reduction forecasts. Trisha talks about oil demand forecasts, the concept of the energy transition, and begins getting into China and their new 5 Year Plan.

https://youtu.be/rIZD_icKX-A This is a timely and must listen to episode of the PetroNerds podcast. This is one of the first Digital Wildcatter podcast mashups. Trisha Curtis shares the stage with the first guest co-host of the podcast, Robert Norton. Robert is filling in for Ethan Bellamy this week and is another midstream expert and economist. Trisha and Robert discuss all things related to weather and energy after the major storm that rocked Texas and much of the US during the second week of February and get into the weeds of pipelines, production, and power failures. They also discuss Colorado’s proposed ban for natural gas in new builds and propane and Enbridge Line 5 in Michigan. The letter from the state of New Mexico to the Department of Interior is discussed, calling out the unfairness of recent legislation impacting New Mexico which has more Federal Land than Texas. Inflation and the run up in oil prices is discussed at length. And Trisha gets into the weeds on the recent meeting of Oil Ministers and oil majors in Riyadh for the IEF/OPEC meeting where both BCG and BP comment on ESG and the market misunderstanding that oil companies still need to invest in oil.

Recorded on March 15, 2024 https://www.youtube.com/watch?v=YlDrxbUnaJg Episode 104 of the PetroNerds podcast is a PetroNerds special focussing on the proposed bill and ban on oil and gas permits in Colorado by 2030, an effective ban on all new oil and gas drilling. Trisha Curtis is joined by guest Chris Brown, VP of Policy and Research at the Common Sense Institute (CSI). Trisha just joined CSI as an Energy Fellow and helped contribute to a very recent and timely report authored by Chris on Senate Bill 24-159 in Colorado. Trisha and Chris talk about the bill, the impact to jobs in Colorado, the severe impact to tax revenue in Colorado, the detrimental impact to the economy, the knock on impacts that cannot easily be captured through modeling, the fact that it will increase not decrease CO2 emissions, and broader policies and costs being paid for by Coloradans and Americans from poor energy policies. While this podcast is focussed on this proposed bill to ban oil and gas drilling and completion permits in Colorado in the name of reducing CO2 emissions, the discussion goes beyond Colorado and is a lesson for all states. Oil production in California declines steadily, thousands of barrels per day each and every month, due to onerous regulations and anti oil and gas policies in California, directly contributing to rising energy costs, brown outs, higher costs of living, higher gasoline and diesel prices, higher electricity prices, and severe energy insecurity. This is the same route and path Colorado is on. Colorado citizens, businesses, business leaders, and those in and outside of the oil and gas industry need to appreciate that the war on oil and gas is a war on energy security and energy reliability and it is not reducing Colorado or global CO2 emissions. Xcel is proposing another rate hike on natural gas despite natural gas prices being well below $2/mcf. Consumers are not reaping the benefits of low domestic US energy prices in their electricity bills because utility companies are passing along the expensive cost of unreliable so called renewables to their consumers. Electricity bills have risen dramatically in the past few years, directly contributing to rising and sticky inflation and higher costs for consumers. Xcel is directly asking for the rate hike to pay for more expensive renewables. Folks need to push back and demand fairer prices and greater consumption of natural gas and reliable energy in the utility pool. Denver Gazette Article: https://denvergazette.com/news/business/stopping-oil-drilling-would-be-an-economic-catastrophe/article_15aefc28-e253-11ee-9520-a3b919c953b7.html Report: https://commonsenseinstituteco.org/impact-of-sb24-159/ Listen on Itunes

https://youtu.be/2C7GrcnV8U0 In this episode of the PetroNerds podcast, Trisha and Ethan discuss the rise in oil prices, the launching of the PetroNerds podcast, the launch and rebranding of the PetroNerds website, the Executive Order on Tackling Climate Change and the impact it will have on existing permits in New Mexico. This podcast brings the heat and is a must listen to episode. Trisha goes through the majors, their earnings and highlights, and calls out BP for their embracement of strong US regulations, big bets on renewables, and claims that Rosneft’s greenhouse gas emissions for crude oil are actually lower than BP’s. Trisha and Ethan also discuss the fate of the Dakota Access Pipeline and the alternative routes and paths for Williston Basin production should this 570,000 b/d pipeline be emptied.

https://youtu.be/GGjYMBahKeA This is the must listen to episode on the major moves by the Biden administration within hours of taking office. The cancelation of the Keystone XL pipeline and Order No. 3395 by the acting Secretary of Interior suspending permits to drill oil and gas wells on Federal Land as well as Indian Land have massive and lasting market implications. Trisha and Ethan get into the weeds on these market impacts and what these measures mean for US and Canadian oil production.

https://youtu.be/_7_JK-JjZuA Trisha Curtis and Ethan Bellamy dissect the OPEC Plus meeting the first week of January and the surprise 1 mbd cut by the Saudis, and Trisha explains her more nuanced views on how the Russians and the Saudis are viewing near term demand and oil prices. WTI is $52 and Brent is $55.  Ethan and Trisha get nerdy on European oil companies ENI and BP. Trisha talks about ENI’s comments regarding the to push to lower breakeven prices into the low $40s/barrel and Rosneft moving into the Arctic, a company BP has a large stake in.  Trisha gets into the weeds on BP’s “peaked demand” outlook and Ethan discusses LNG exports, the US’ maxed out capacity, and pipeline buildout across the major gas plays.    And yes, Trisha and Ethan discuss and predict a ban on fracing and leasing on Federal land by the Biden administration.   They continue to discuss their thoughts and projections on US oil and gas supply.   Correction – Trisha mistakenly said Permian Basin production was 3.9 mbd prior to COVID, but meant 4.9 mbd. To clarify, production is now around 4.2 mbd.”

https://youtu.be/NZrt2-V_XNE Trisha Curtis and Ethan Bellamy continue to dive into the oil market and discuss why oil prices are rising in the face of renewed COVID related shutdowns, rising Libyan output, and muted demand outlooks released by the IEA and OPEC in mid-December. WTI sits at $49 and Brent at $52. Trisha talks about the increased number of operators in the Permian Basin and many smaller operators that have returned to drilling in recent weeks. Ethan talks about take away capacity for gas in the Permian and Haynesville. And Trisha comments on Biden’s cabinet picks, the importance of methane emissions, and in the increased regulatory burdens the US oil and gas industry is about to face. This is another must listen to episode.

https://youtu.be/ngEVv8sekJM In the first episode and official reboot of the PetroNerds podcast (thank you Digital Wildcatters), Trisha Curtis and Ethan Bellamy address the global oil market, the US oil market, COVID, and the role of $50 oil in detail. Trisha dives into the importance of $50 oil and why it is a magic number for shale, Saudi Arabia, and Russia. She also discusses the impact of a likely ban on fracing on Federal land and the pending regulations coming at the oil and gas industry. Trisha gets into the controversial weeds of shale productivity gains, frac sand, third quarter moves into natural gas by EOG and Liberty Oilfield Services, and the role of efficiency gains. They discuss the fundamentals of the oil market as of December 6th, 2020 and put oil demand in context. Peak demand, the COVID vaccine, the oil price recovery and the market’s misguided understanding of demand are just of few of the many topics covered in the first and must listen to (and watch) PetroNerds podcast.

In this episode of the PetroNerds Podcast, Trisha Curtis discusses the ins and outs of Colorado's controversial ballot measure, Proposition 112 (Increased Setback Requirement for Oil and Natural Gas Development), and provides some background on the current state of oil and gas production in Colorado. Show notes: Maps of the increased setback and "vulnerable" areas off limits to future oil and gas development can be found here: https://cogccmap.state.co.us/cogcc_gis_online/ The State Ballot Information Booklet: http://leg.colorado.gov/sites/default/files/2018_english_final_for_internet_updated_language_73_0.pdf The Fiscal Impact Statement: http://leg.colorado.gov/sites/default/files/images/final_fns_for_web.pdf Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In this episode of the PetroNerds Podcast, Trisha Curtis dives into the Powder River Basin (PRB). She discusses the basin's operators, reservoirs, productivity, and outlook. This episode covers several themes and highlights from Q4 2017 earnings calls.       Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

As we approach the release of Q4 2017 earnings for independent US oil and gas companies, Trisha Curtis reflects on Q3 earnings comments from Continental Resources CEO Harold Hamm and Centennial Resource Development CEO Mark Papa.  Her discussion examines CEO forecasts for Q4 related to profitability, productivity, and macroeconomics, creating benchmarks for us to assess not only the accuracy of these projections but also how market sentiment has changed since last quarter given the rise of oil prices and US oil production volumes. Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License.   

In this month's podcast, Trisha Curtis discusses crude oil prices hitting $60 dollars per barrel, the longevity of the much ballyhooed rebalance, supply and demand fundamentals, OPEC activity (accord or discord?), Saudi refined products, as well as GOR concerns in the shale sector and service company Q3 earnings calls (Schlumberger, Halliburton, Baker Hughes - GE). Subscribe to the PetroNerds Podcast in iTunes and TuneIn.   Carry On by The New Valleys has been modified and is licensed under an Attribution License.   

In this episode of The PetroNerds Podcast, Trisha Curtis discusses free cash flow concerns surrounding the US shale industry and comparisons to mainstream but cash flow negative tech companies.  This conversation explores differences in business models, pricing, intellectual property development, and buy-in costs.  Trisha also introduces PetroNerds' new HedgeAware platform and covers hedging and financial data gleamed from Q2 2017 earnings calls. Download the podcast slides using the link below to follow along with the hedging and CAPEX discussion and to learn a bit more about HedgeAware. Download Podcast Slides   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

Recorded on March 6, 2024 https://www.youtube.com/watch?v=0f_c_nmZ_mM Episode 103 of the PetroNerds podcast is another heavy hitting PetroNerds special. This is Trisha Curtis’ talk and presentation on US shale production and activity at the Oxford Institute for Energy Studies’ Oil Day in Oxford, England on December 1st, 2023. Trisha front loads this episode with everything timely in the oil and gas market and global economy including Colorado’s potential ban on oil and gas drilling by 2030, Xcel’s proposed rate increase on natural gas to fund renewables, China’s economy and political party meetings, OPEC/Saudi’s extended voluntary oil production cut, Red Sea and Houthi ship attacks, and much more. Trisha’s Oil Day presentation walks listeners through US record production of 13.3 mbd and 128 Bcf/day of natural gas explaining the fundamentals of longer laterals, less rigs, less wells, rising output, oil prices, volatility, consolidation and M&A, and much more. Listen on Itunes

In Episode 6 of the PetroNerds podcast, Trisha Curtis discusses the burgeoning frenzy for 100 mesh frac sand, the shift to finer grain sand, rising prices, and the research that seeks to explain the relationship between finer sands and increased productivity.   Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 5 of the PetroNerds podcast, Trisha Curtis discusses her recent trip to Riyadh, Saudi Arabia and her presentation there before the IEF (International Energy Forum), Saudi Aramco's IPO and some of its challenges, how shale resiliency is causing disarray in OPEC, and Keystone, DAPL, and activity levels in the Williston Basin. Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

Episode 4 of the PetroNerds Podcast tackles two Permian-centric acquisitions: ExxonMobil's purchase of Bass and Noble's purchase of Clayton Williams.  Host Trisha Curtis discusses these deals, Permian well productivity, and some potential headwinds for new Permian entrants, including high acreage acquisition costs, constrained capital budgets in a low price environment, the specter of rising service costs, and the need to quickly drill to hold acreage in the Permian. In addition to the free sample slide deck available below, PetroNerds is making the full podcast slide deck available for just $99 to help listeners follow along in great detail. Each slide deck is densely packed with data, charts, analysis, and other news related to the podcast.  This month's slide deck provides nearly 30 slides and includes asset overviews for the Permian positions of ExxonMobil/XTO, Bass/BOPCO, Noble, and Clayton Williamsas as well as oil well productivity comparisons for the Bone Spring, Wolfcamp, Trend Area, and Delaware across both Texas and New Mexico.  This month's slide deck is just $99 or you may purchase a 1-year subscription (12 decks) to the PetroNerds Podcast slide deck for $999. Purchase This Month's Slide Deck for $99 Subscribe to One Year of PetroNerds Podcast Slide Decks - $999 The PetroNerds Podcast – Free Episode 4 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 3 of the PetroNerds Podcast, Trisha discusses OPEC's November production cut deal, the rapid growth of America's drilling rig count, and associated water production costs and issues in the shale patch. The PetroNerds Podcast – Free Episode 3 Slides The PetroNerds Podcast – Free Episode 3 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

In Episode 2 of the PetroNerds Podcast, Trisha discusses the recent activity of several Bakken, Anadarko Basin and Permian Basin players (Continental Resources, Oasis Petroleum, Pioneer Natural Resources, and EOG Resources) and how that activity fits within their recent earnings calls. The PetroNerds Podcast - Free Episode 2 Slides (Note: the full slide deck to this podcast can only be accessed through the PetroNerds Bundle. Sign up for a free trial now!) Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

Welcome to the inaugural PetroNerds Podcast with PetroNerds co-founder Trisha Curtis. This is the first in a series of monthly energy market podcasts with a focus on oil and gas news and events.  More than just a summary of headlines, the PetroNerds Podcast takes a deep analytical dive into topical energy market developments via a data-driven discussion of news, economics, companies, assets, well performance, and much more from the oilpatch.  Discussions will touch on global energy markets and geopolitical events, US energy news, shale and tight oil + gas market developments, and policy issues. In this episode, Trisha discusses OPEC and stagnant oil prices, the Dakota Access Pipeline (DAPL) controversy and the implications of a delay for crude movements out of the Williston Basin, the proposed Spectra-Enbridge merger, Apache's Alpine High discovery in the Permian Basin, EOG's acquisition of (or "combination" with) Yates Petroleum, and the Powder River Basin. The PetroNerds Podcast - Episode 1 Slides Carry On by The New Valleys has been modified and is licensed under an Attribution License. 

https://www.youtube.com/watch?v=Xos0wbkPsLU Episode 102 of the PetroNerds podcast is a jam packed deep dive on the geopolitical landscape, China, and US shale. Trisha Curtis takes listeners on a tour around the world, covering the Biden Xi meetings, the escalating war in the Middle East, and the ongoing war in Ukraine. She puts this in context of oil and gas, and broader energy market. This talk and presentation was the keynote speech Trisha gave to the Rocky Mountain GPA conference in Denver, Colorado on November 16. 2023. The title of this talk is Navigating Risk in a Game of Geopolitical Chess. Buckle up folks! This is a good one! Listen on Itunes

Recorded on February 2, 2024 https://www.youtube.com/watch?v=XN-IvGpMn18 Episode 101 of the PetroNerds podcast is your complete market recap of everything that has taken place in oil and the global economy in the past two weeks. Trisha Curtis dives into the Biden Administration's pause on LNG export permit approvals and what that means for global natural gas markets, oil price volatility, and Jerome Powell's speech and the Fed rate decision. Trisha walks listeners through the rise and fall in oil prices and why the market is not appropriately pricing in geopolitical risk. She talks about the Fed's rate policy, Jerome Powell's speech, and how Fed rates and pricing are impacting oil prices and oil price volatility. Trisha dives into the Biden Administration's LNG export permit approval pause and talks about how political and completely ignorant and unintelligent this move really was. She discusses the Baker Hughes conference that took place this week, the rest of the world betting on natural gas, as well as the Saudi move to lower output capacity investment, BP activist investors wanting more oil not less, and Exxon's pushback to activist investors. This is an absolute show-stopper folks and not the podcast you want to miss! Please reach PetroNerds at petronerds.com and share the PetroNerds podcast with friends and colleagues. Listen on Itunes

Recorded on January 17, 2024 and November 9, 2023 https://www.youtube.com/watch?v=UF1wa6P2Hc4 Episode 100 of the PetroNerds podcast is your heavy hitting one stop shop for everything you need to know in energy and the economy in 2024. Trisha Curtis, CEO of PetroNerds, front loads this episode with a complete recap of oil prices, China's economy, and the state of geopolitics in 2024. This podcast is the panel discussion Trisha Curtis did with Daniel Seaver, VP of Midstream at Fundare Resources, Chris Atherton, CEO of EnergyNet, and Andrew Haney, President of Nickel Road Operating. This was done at the Denver Earth Resources Library Rockies Expo. This conversation is a deep dive covering everything from oil prices and the macro environment to the state of acquisitions, consolidations, and M&A in oil and gas. These experts cover operating in the Rockies, the outlook for geopolitics, the state of the regulatory environment, deals and valuations, acreage tiers, ESG, recession risk, the Fed, and much more. This is a must listen to and must share episode folks! Listen on Itunes

Recorded on October 16, 2023 https://www.youtube.com/watch?v=FbUeLIwt5zQ Episode 99 of the PetroNerds podcast is your second Rocky Mountain special with upstream operator Anschutz Exploration. Trisha Curtis is joined by guest Joe DeDominic, President of Anschutz Exploration in Denver, Colorado. Anschutz is private E&P primarily focused on the Powder River Basin in Wyoming with experience in Colorado, Utah, and North Dakota. Trisha and Joe cover the market and a range of topics including the evolution of the Powder River, the current state of play, and the Anschutz position and view. Anschutz is a unique private player in that they are fully funded and without debt. This gives them greater operational flexibility and the advantage of time. As a former employee, Manager of Strategy and Analytics/completions tech, Trisha is intimately familiar with Anschutz and the Powder River Basin and worked directly for Joe DeDominic. This is another not to miss episode and a great candid conversation with the President of one of the largest private players in the Rockies. Listen on Itunes

Recorded on October 6, 2023 https://www.youtube.com/watch?v=WLJccNsTIxo Episode 98 of the PetroNerds podcast is a true PetroNerds special. Trisha Curtis is joined by Tad True of True Companies. He is a Casper, Wyoming local and the COO of Bridger Pipeline. Trisha and Tad discuss everything from the oil market and oil prices to covid and negative oil prices. They dive into the Bakken and the Powder River Basin. Tad gives exceptional color and perspective on what it was like to be a private company and midstream player in the Rockies during the extreme pricing dynamics of covid. Tad talks about the Powder River Basin and the Williston Basin from the vantage point of a Wyoming midstream company moving the barrels of upstream producers. This outlook is both unique and candid and sheds light onto the complexities of the Powder River Basin and the driving forces in the Bakken and Williston Basin. This is an absolute must listen to and must share PetroNerds podcast episode folks! Listen on Itunes

Recorded on Nov 8, 2023 and Oct 12, 2023 https://www.youtube.com/watch?v=GMt6YgDcA2U Episode 97 of the PetroNerds podcast is your must listen to economic and energy podcast and round the world geopolitical tour. This is Trisha Curtis' talk and presentation to the Denver Association of Petroleum Landmen on October 12th, 2023. Trisha walks listeners through the war in Gaza and the geopolitical dynamics in the Middle East, Europe, Russia, and China. She talks about China's role in the energy transition and how China competes. She talks about oil prices in the context of this volatility and what is happening in the US and global economy. She concludes by talking about US shale, production, the merger and acquisition environment, and how bullish she is on the potential of the rock. Listen on Itunes

Recorded on October 5, 2023 https://www.youtube.com/watch?v=JTcW2RbfqWY Episode 96 of the PetroNerds podcast is another heavy hitting podcast from PetroNerds with NYU Stern adjunct professor Paul Tice. He has 40 years of Wall Street experience and he talks with Trisha Curtis about the policies and complexities of "ESG" (environmental, social, and governance). This is an incredible discussion and Paul and Trisha Curtis do not hold back. Trisha asks Paul a myriad of questions related to ESG, the energy transition, public companies, and access to capital. At the time of recording on October 5th, 2023, WTI was $82.36, falling from nearly $94/barrel on September 27th, 2023. Trisha asks Paul to walk listeners through ESG compliance by companies, those required and not required, and what it is actually achieving. He talks about the UN promulgated club and ESG requirements which is driving significant moves in the publicly invested space for strict ESG compliance. The UNPRI has strict membership compliance and is organized by the UN and is moving the needle on strict ESG compliance including requirements to implement UN sustainability goals and the Paris Climate Accords. Trisha asks about BlackRock, StateStreet, and Vanguard and the board room debacles in May of 2021 with Exxon, Chevron, and Shell. She also asks and touches on the UN backing of China's so-called "Green Belt and Road" and human rights violations. Paul gets into the fiduciary responsibility problems by applying ESG to funds and portfolios after they have been built and then trying to push these companies to change their behavior. Trisha asks Paul to offer some clarity on the pull back in green investing and the ESG push in the past year that many have heard about….is it real? They get into the subsidies behind wind, solar, and EVs, the auto strikes, and the massive transfer of wealth taking place in the sphere of very poor forms of energy being forced into economies by the government. Paul talks about the problem of ESG investments losing money in the short term and the real problems behind their promise that these ESG compliant companies and investments will make money in the future. Paul talks about how the energy transition and ESG is not driven by economics and reality but by politics. Trisha talks about why it is so important for oil and gas companies to really understand what is taking place in the ESG and investment space and the world and geopolitics so they can push back and properly invest in oil and gas. Trisha asks about the legalities and fiduciary responsibility and ESG and the lack of capital access that ESG push is creating. Paul talks about how important the credit markets are to focus on for ESG and the access to capital. He predicts governments in Europe and entities like the UN will declare a global climate emergency which will then be used to limit capital access to traditional fuel companies including oil and natural gas. Trisha asks how we educate and push back on all of this and stay positive despite the massive forces mounting against all of energy as well as the oil and gas industry. He explains that the industry, and all energy CEOs more broadly, need to speak out more and have more courage to defend the industry and their company and move away from the acceptance of the energy transition. Paul explains that the goal of the ESG movement and the energy transition is to shut down the oil, gas and coal industry in the US and the world. Trisha pushes everyone in the oil and gas industry, from CEOs to pumpers, to be vocal about what they do for a living and care about it and talk about it. Paul Tice says "defend yourself" and start talking frankly about climate. Listen on Itunes

Recorded on August 14, 2024 https://www.youtube.com/watch?v=q8g3O48Z4Z8 Episode 113 of the PetroNerds podcast is a must listen to episode to get you caught up on everything happening in the economy, oil prices, geopolitics, and escalation globally in hot wars. Trying to figure out why oil prices seem to want to go down even when wars in the Middle East and Europe continue to escalate? Saw the sell-off a couple of weeks ago when oil prices dropped to $72? Trisha Curtis has you covered. Trisha walks listeners through current oil prices and recent volatility, what is happening with Iran, the US, and Israel, and Ukraine's penetration into Russia. She spends the first half of the podcast diving into the economy, the freshly dropped CPI/inflation print, jobs cuts at Cisco and Intel, the Federal Reserve, unemployment ratcheting up to 4.3 percent, and interest rates. She pivots into geopolitics by talking about oil and why oil prices or real oil prices less the geopolitical risk premium are probably lower. She covers the IEA and OPEC monthly reports released this week as well as housing and refinancing of mortgages in the US, and the biggest trends in the market right now including weakness in the US consumer and a slowing China. She also talks about the Chinese economy and breaks down some of the figures inside the US inflation read and much more. This is your one-stop shop folks! And lastly Trisha talks about recent podcasts, forthcoming podcasts, and upcoming public speaking engagements. Listen on Itunes

Recorded September 1, 2023 https://www.youtube.com/watch?v=WI1eyMmu5IM Episode 95 of the PetroNerds podcast is a PetroNerds special with guest Chris Atherton, CEO of EnergyNet. At the time of recording oil prices were $85.96 and a month later oil prices are below that figure after seeing $93 and change and incredible volatility in the span of a week. Trisha Curtis asks Chris Atherton to walk listeners through the pre-Covid and post Covid periods of the industry and share what he has seen and how he views the market. He gets into private equity funds sizes and the evolution of the space and the acquisition environment. They follow by talking about the public side and the role of the generalist investor and the ability to lure the generalist investor back into the space through dividends and share buybacks. Trisha talks about the state of the industry, the role of the generalist investor, and pushes back on share buybacks. She questions the inventory story and asks Chris to get into the impact of consolidation in the E&P space and the impact to the service sector. Trisha comments on how tight spending is within the oil and gas industry and how the industry seems to have left the intelligence space. Trisha and Chris talk about the multiples and valuations of companies and the level of activity after the acquisition phase and discuss tiered acreage. Trisha comments about gas analysts, getting gas wrong, acreage and wells, and the difference from being in the field vs. looking at a map. Trisha gets into investor pressure, ESG, and what the public companies are "allowed" to do. Trisha and Chris talk about the generalist investor and investor pressure and why these companies are traded well or not traded well. Trisha makes the point that the industry needs to push back on these ESG pressures. She says that oil and gas companies need to talk to the street more clearly about their business and the need to access capital and they are not explaining to the public market why people and entities should be investing in oil and gas companies. There is a role for these companies to talk about their business and the market for oil and gas in the long term. She asks Chris to get into the constraints on access to capital and alternative funding. The ability to get money, get insurance, and get basic funding for oil and gas is a problem. Chris gives Aubrey McClendon stories and capital cost comparisons for the oil industry. Chris talks about the reasons funding is drying up on the private side: the view that oil and gas is like tobacco and that the world will be driving EVs and not need oil and gas. He explains that this is an expensive business and needs a lot of capital. Trisha follows up by explaining how important it is for people to understand this business so the market can allocate money to properly invest. Chris talks about that recession that never appears, rising oil demand, oil prices and the shortfall in production. Trisha and Chris talk about the rig count decline, natural gas prices and activity, and the economy. Trisha throws cold water on the idea that we are not in a recession and talks about the covid stimulus lag artificially elevating and elongating oil price height. Trisha and Chris talk finish the podcast with bullish thinking in the oil and gas industry and the health of the economy, regional banks, and access to capital. Trisha asks Chris how the oil industry, from his perspective, feels about recession? Listen on Itunes

Recorded September 18, 2023 https://www.youtube.com/watch?v=I7cFHs4rjOQ Episode 94 for the PetroNerds podcast is an emergency recording on the sharp rise in oil prices and the extended Saudi "lollipop" cut of 1 mbd, helping to tighten supplies available on the market. Trisha Curtis takes listeners through the global oil market and global economy in this must listen to episode. WTI was $92.42, Brent $94.73, HH $2.73, and 30 year mortgages are between 7.5-8 percent on the day of recording. Traders and hedge funds who were sitting on the sidelines are plowing into the market and helping to move up oil prices. Saudi production is down below 9 mbd, Russian production is still hovering around 11 mbd, but their refined product exports are down, Iranian production is up above 3 mbd, and US production is close to hitting pre-COVID all time highs of 13 mbd. US production currently stands at 12.84 mbd. Trisha walks listeners through global supply, global demand, refining capacity, lost refining capacity in the US, US LNG and the EU, and the serious problems with ESG and the energy transition. She talks about oil supply and oil demand and oil prices in the context of the economy and the health of the US and global consumer and the pain these high oil prices are having and will have. She gets into pent up demand in China and the US post COVID and the apparent resiliency of the consumer. Trisha talks about Chris Wright's appearance and comments on Last Call and the need to push back on ESG so capital can flow to operators who want to drill and produce oil and increase output. She has a massive rant on ESG, EU, and LNG and talks about the UAW (United Auto Workers union) strikes and the demands for a massive pay increase of 40 percent plus a 4 day work week being absolutely insane and bad for the US economy, US jobs, and US business. She discusses Joe Biden's pro Union and pro inflationary positions and his poor economic policies and she explains the fiscal lags and wage price spirals that these strikes can induce. She also talks about the Saudi Oil Minister's comments at the World Petroleum Congress and the IEA's found (again) belief that oil, natural gas, and coal demand will soon peak. Trisha closes the PetroNerds podcast with China's new map and their 10 dash line and Chinese oil demand and economic sentiment. Listen on Itunes

Recorded on August 25, 2023 https://www.youtube.com/watch?v=0hFMMF5Al9s Episode 93 of the PetroNerds podcast is another special treat for listeners. Trisha Curtis is joined by first time guest Daniel Romito of Pickering Energy Partners. Dan and Trisha cover a range of topics focused around ESG and access to capital. Trisha pushes back on the notion that the ESG agenda is the way to move the needle. They start the podcast off by discussing politics, the state of the market and economy, fiscal spending, and Dan's covid move from Chicago to Florida. Trisha asks Dan about education and investors in the context of ESG and how to push back on it. They get into the cost of capital and the access to capital and a range of topics in between. Dan is a fantastic fast talking guest. This is an absolute must listen to PetroNerds podcast! Listen on Itunes

Recorded on August 28, 2023 https://www.youtube.com/watch?v=aIdSygmmsgo Episode 92 of the PetroNerds podcast is your roundtrip ticket across the globe, covering the US Fed Chair's speech at Jackson Hole, Wyoming on August 25th, 2023, US China tensions and talks, and China's continued economic backsliding. Trisha Curtis recaps the economic slowdown and economic fears in China, the BRICS meeting in South Africa, China's well touted BRI (Belt and Road Initiative), Saudi China ties, and what all this means for oil. She gets into China and US tensions, concerns about China's economic contagion, the US Secretary of Commerce's visit to China, hopes for big stimulus in China, Saudi oil cuts and OPEC Plus (aka Saudi) management of oil prices, rice inflation, global food inflation, and problems with food and fuel inflation now versus a year ago. Trisha talks about all the bad economic "D" words in China including deflation, debt, decline, deterioration, and the importance of cheap labor in China in a weakening economy. She recaps Jermoe Powell's speech in Jackson Hole covering the two percent inflation target emphasis, restrictive stance, and policy lags of Fed interest rate hikes, and understanding the debate between all of it. Trisha discusses why high government spending matters so much now in a higher interest rate environment, massive US government spending and economic distortions creating serious lags and problems for inflation, PetroNerds take on Bidenomics, sticky low unemployment, crime and theft on businesses, labor unions and strikes, and US housing. She addresses the looming government shutdown in the US and push up in treasury yields and talks about the International Energy Agency's (IEA0 split personality when it comes to their monthly oil market report, record oil demand, and all their talk and projection and advocacy on so-called clean tech. Listen on Itunes

Recorded on August 16, 2023 https://www.youtube.com/watch?v=aWpifIHrfCs Episode 91 of the PetroNerds podcast is a must-listen podcast covering everything from oil prices to the property crisis in China and the health of the US consumer. Trisha Curtis walks listeners through what is happening in the global economy and why it matters for oil prices and takes a deep dive into China. She covers Chinese crude demand, China's real estate sector, and China's rising unemployment problem. She gets into commodity price weakness, US consumer spending, US housing, US mortgage rates, US inflation, and the US problems with working from home. She talks about Chinese crude demand and stockpiling, Chinese Iranian and Russian imports, and soft crude oil prices despite the geopolitical risk premium on oil and lower inventories in the US. She covers contagion and economic risks andproblems in China including China's massive youth unemployment rate, poor Chinese economic data, and increasingly restricted data out of China. Trisha discusses China's property sector and real estate slowdown and housing data and systemic implications, urban vs. rural unemployment and unemployment data in China, shadow bank connections and Ponzi schemes and their connection to property development in China. She connects the collapse in the Chinese economy and property sector to energy prices and demand and talks about espionage laws and the connections to China's energy sector and China's energy consumption. She talks about the one year anniversary Inflation Reduction Act and a German solar company that has moved to Colorado because of it. Trisha makes the point that the US is paying a lot of money to subsidize and throw good money after bad energy (low BTU energy). She hits on US energy use and energy security, Colorado coal-fired power generation, and California extending the life of natural gas-fired power generation. She gets into energy security and the damage of high energy prices to the US economy. She also discusses the negative impacts on the US and the global economy from higher labor prices, higher energy prices, and higher goods prices. She talks about access to labor and fiscal lags in the US, unemployment benefits and entitlement programs in the US, and inflation. She talks about how businesses are pushing back on work from home because of productivity issues and how work from home is impacting commercial real estate and local economies and regional banks and local businesses, She explains Chinese deflation and debt problems and what Chinese deflation really means. Trisha closes this podcast by talking about Target store earnings and theft, US household debt and rise in credit card spending, the health of the middle-income consumer, and Fed minutes. Listen on Itunes

Recorded on June 8, 2023 and August 8, 2023 https://www.youtube.com/watch?v=0LAJkUHmzQE The 90th episode of the PetroNerds podcast is Trisha Curtis' sit down interview with Karl Rove, former Senior Advisor and Deputy Chief of Staff to George W. Bush. Karl Rove and Trisha Curtis spend time covering a wide range of topics on energy and politics. They discuss the current Biden Administration's anti domestic oil and gas stance, lack of knowledge in the White House, green energy ideology, and "John Podesta and the green energy mafia." Trisha brings up the meaty topics of energy security and China and asks why folks in Washington have not done a better job about putting two and two together. Why has the political opposition in Washington not driven talk on US energy security and the threat of China? They talk about China and CO2 emissions, energy education, and the need for money and investment in energy education. Trisha asks if spending in the climate and green driven Inflation Reduction Act can be pulled back by a different White House Administration and Karl Rove says yes. Trisha talks about how "no energy is free" and they close the podcast by discussing Desantis' views on energy. Trisha introduces the podcast with 15 minutes of market talk and analysis, covering the rise in oil prices, Saudi cuts, US bank downgrades, US credit card spending, the US housing market, and much much more. Listen on Itunes

Recorded on July 27, 2023 and June 9, 2023 https://www.youtube.com/watch?v=Oy7JPBSbzXc Episode 89 of the PetroNerds podcast is Trisha Curtis' in-person interview and conversation with Harold Hamm, former CEO of Continental Resources and now current Chairman of the Board. Trisha and Harold cover the US shale patch, domestic politics, and the global outlook on oil prices. They get into the Bakken, the Powder River Basin, taking Continental private, the macro outlook, and much much more. This is a nerdy detail-oriented podcast that is a must-listen to episode for all market players, both public and private. Trisha asks Harold about the Bakken and if Continental knew what they had in the beginning? "Sure we did." Trisha frontloads this podcast with a deep market dive and recap on what is currently moving oil prices. She covers the whipsawing economic views out of the US and China, Fed moves, rate hikes, inflation, and work from home driving inflation and problems. She talks about China's poor economic data and the China map in the Barbie movie. This is an absolute show stopper of a podcast. Watch, listen, and share it folks! And reach out to PetroNerds via the website (https://petronerds.com/contact/) LinkedIn, or Twitter if you are interested in teaming up with PetroNerds for podcast sponsorship. Listen on Itunes

Recorded on July 12, 2023 and June 9, 2023 https://www.youtube.com/watch?v=rj2Xtx83yF4 Episode 88 of the PetroNerds podcast is a rapid fire heaving hitting talk Trisha Curtis gave in Dallas, Texas at the Oklahoma Petroleum Alliance's Annual Meeting. Trisha was asked to give a keynote address covering commodity markets and everything happening in the US and worldwide in 30 minutes. She did it and the audience feedback was stellar. She covers everything from public vs. private operator nuances and behavior, unappreciated ESG and investor pressure, the US and global economy, and why China's role in energy, climate, and the energy transition matters so much. The episode tarts with a fresh and quick market intro. This is the first in a series of star studded PetroNerds podcasts you are not going to want to miss! Listen on Itunes

Recorded on June 21, 2023 and May 25, 2023 https://www.youtube.com/watch?v=4ES0bJpKDLQ Episode 87 of the PetroNerds podcast is part two of the incredible double header and two-part special with Liberty Energy's Director of R&D, Roy Aune. Before continuing this discussion on the evolution of frac and what differentiates Liberty's electric frac, Trisha provides listeners with a fresh market update, getting into the weeds on China and Biden, why some in the market are still bullish on oil in the second half of 2023, and the Fed and sticky inflation. Trisha takes the time to walk listeners through what is going on with China's economy, the forced labor in Xinjiang, and why and how it relates to energy and supply chains, especially in wind and solar. The second half of Trisha's conversation starts with Roy explaining Liberty's first Digi frac pump, the EPA requirements and evolution of getting these engines to be road mobile, ability to electrify locations with the electric frac suite of technologies, and how much power is actually needed. Most importantly, Trisha and Roy talk about the impetus and drive for electric frac, what it is really about, and the massive cost savings on fuel that electric frac offers by running 100 percent natural gas. Operators are pushing for lower emission frac in the name of ESG, but they are also pushing for cost savings, and the frac industry needs a reason to build out this technology. A $15 to $20 million per year fuel savings per fleet provides that incentive and basis to invest. They discuss the actual CO2 emissions reductions based on switching from diesel to natural gas and additional efficiencies, as well as the Quiet frac fleet, pioneered by Liberty and spearheaded by Roy and his colleagues. https://www.shu.ac.uk/helena-kennedy-centre-international-justice/research-and-projects/all-projects/evidence-briefs Listen on Itunes

Recorded on June 12, 2023 and May 25, 2023 https://www.youtube.com/watch?v=24mxsHDmb_s Episode 86 of the PetroNerds podcast is part one of an incredible two part special with Liberty Energy's Director of R&D, Roy Aune. Trisha Curtis sits down with Roy at Liberty's office to discuss the state of the frac market and the evolution of frac, the role of natural gas, Tier 2, Tier 4, Dual Fuel for Tier 2 and Tier 4, and the electric frac fleet. Roy talks about the trends of the market and where Liberty is going, the move towards 100 percent natural gas and the Digi frac suite of technologies. This move is about emissions, but it is also about cost. Trisha and Roy discuss the impetus behind electric frac and what drove Liberty's pursuit. They get into field gas and the lessons of field gas. They talk about the white paper Liberty Energy put out "The Next Generation of Fracturing Fleets, A Liberty ESG Evaluation," the Btu requirements for gas, critical aspects of the supply chain and management of logistics, the benefits of Dual Fuel and the differences between Tier 2, Tier 4, and Dual Fuel engines and what the market is currently made up of. This conversation explains the EPA standards, engine and maintenance costs, and the the pros and cons of each set up. The first part of this two part special closes with what an electric frac fleet actually is, how it is powered by natural gas, how it works, and what the electricity requirements are and why gas works well to generate that electricity. This is a must listen to podcast for everyone in and outside of the oil and gas industry. https://www.libertyenergy.com/technical-papers/the-next-generation-of-fracturing-fleets-a-liberty-esg-evaluation/ Listen on Itunes

Recorded on July 31, 2024 and June 21, 2024 https://www.youtube.com/watch?v=NH0nk-Is4cU Episode 112 of the PetroNerds podcast is the keynote address Trisha Curtis gave to AAPL, the American Association of Professional Landmen (Trisha still calls it Petroleum). This is an absolutely jam-packed energy-dense podcast filled with intel to get you up to speed on oil prices, the economy, geopolitics, and war. Trisha dives into the push and pull on oil prices, what is driving prices up or holding prices up, what is pressuring prices down or keeping a lid on prices, geopolitics and hot wars, inflation and the consumer, the relationship between Iran, Russia, North Korea, and China and continued attacks in the Red Sea and their impact on the global economy and oil prices. She gets into the changing political landscape in Europe and across the world, China's lack of economic growth, China's production of green tech, the poor understanding of oil and gas, and lack of market coverage of oil and gas, a very anti-domestic oil and gas Administration in America, a slowdown in consumer spending and the economy and the Fed, black swans, the health of the US consumer, and high prices and inflation pressuring the consumer, not interest rates. She covers the Biden Admin on energy policies and SPR, Chinese EV exports, Chinese oil demand and stockpiling, weapons flows from Iran and North Korea to Russia, and non ESG friendly green tech from China. And last but not least she takes a dive into US shale and the resiliency of production with less rigs and longer laterals despite regulatory headwinds and consolidation. Listen on Itunes