The Crude Life Morning Show: Play Hard Work Hard Episode 19
Daily Rig Count
source: tradingeconomics.com
HOUR ONE PLAY HARD: Jason Spiess and Sterling try to fit 20 pounds of potatoes in a five pound sack with the plethora of news, executive orders, Super Bowl talk and Back Seat Biden.
FracleBerrry Hound got into the Prize Closet and found the Chewy Pawz Antler Chews. Her prize for breaking and entering the Prize Closet was seven antler treats.
Super Bowl memories and origins of favorite childhood teams. Sterling’s favorite team is the Pittsburgh Steelers and Jason’s is the Washington Redskins Football Team.
Other topics of discussion during the Play Hard segment is regulating selfies for personal safety, trolling by leadership, military coups, doom-scrolling and why Jason wants to go buy a diesel truck and generator today.
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
Extraction Oil & Gas shuffles executives, board after completing debt restructuring
Extraction Oil & Gas Inc. (OTCMKTS: XOGAQ) has tapped a new CEO after it was cleared to exit Chapter 11 bankruptcy several weeks ago.
In a statement, the Denver company said former board chairman Tom Tyree will become CEO, while former CEO Matt Owens would be demoted to chief operating officer. The company will also resume trading on the Nasdaq after its stock was suspended for failing to maintain standards required by the exchange.
Gasoline is becoming worthless
You still have to pay a couple bucks for a gallon of gas (more in California, as always), but automakers are discovering that gas-powered cars may be a liability that detracts from their valuations, instead of an asset that enhances values.
New research from Morgan Stanley argues that traditional internal combustion engines—the mainstay of automobiles for more than a century—are destined to become money-losers as early as 2030. “We believe the market may be ascribing zero (or even negative?) value for ICE-derived revenues at GM and Ford,” auto analyst Adam Jonas wrote in a Jan. 29 analysis. He lists a variety of factors likely to “transform what were once profit-generating assets into potentially loss-making and cash-burning businesses.”
Coup Caught On Camera: Myanmar Woman Goes Viral For Dance Video With Surreal Backdrop
Fitness instructor Khing Hnin Wai has been filming herself performing aerobics on the same street in Myanmar’s capital city for months. But none of her videos has gone quite as viral as the one she posted on Monday, in which she inadvertently captured the country’s military coup unfolding in the background.
In the video, she can be seen dancing energetically to techno-pop while wearing workout gear and a face mask, seemingly oblivious to the convoy of black vehicles streaming down the road behind her as Myanmar’s military seizes control of the government.
Click here for the entire article
In HOUR TWO we WORK HARD with our Newsmaker Interview:
Dustin Gawrylow, North Dakota WatchDog Network
Gawrylow runs through a list of proposed bills and legislation that impact the energy industry in North Dakota and the Bakken.
House Bill 1452 was heard in late January in the House Energy and Natural Resources Committee. (watch the committee hearing video by clicking here)
House Bill 1412 is a bill that is designed to offer a 5-year 60% reduction in the coal power generation and conversion taxes. According to the fiscal note, this will amount to a $17.75 million per year ($35.5 million per biennium) industry-specific tax reduction.
House Bill 1380 creates a new legacy earnings fund to receive all of the constitutionally mandated legacy fund earnings transfers. It then stipulates the amount available for appropriation out of the new fund and directs the transfer of funding to a number newly created and existing funds.
HB 1380 is a well-intended bill designed to promote “economic diversification”.
Senate Bill 2291 will be heard this week, and its goal is to find ways for North Dakota to pull its investment funds out of stocks/funds that have adopted the ESG Investment Philosophy.
The premise of divesting from companies and funds that pursue ESG (Ethical, Social, Governance) philosophies is an emotional argument.
Gawrylow suggests the problems is, that it is an anti-capitalist approach being proposed in this bill.
House Bill 1458 is a bill that has been getting plenty of media coverage as it is a new twist on a bill from 2019.
HB 1448 creates a completely new tax on future wind power designed to subsidize coal power generation.
The Crude Life Daily News Update for the Radio on The Podcast
Chairwoman of the Texas Railroad Commission Christi Craddick explains why the Texas Railroad Commission had meetings regarding Pro Ration and why she believes the free market works.
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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