The Crude Life Morning Show: Play Hard Work Hard Episode 8
Daily Rig Count
source: tradingeconomics.com
HOUR ONE PLAY HARD: Jason Spiess and Sterling breakdown what ESG is. Environmental. Social. Governance. Jason explains what each letter segment entails and why he believes an “ESG Rating” or “ESG Score” will be a regular part of oil and gas within five years.
Greta Thunberg and her Army of Climate Activists are discussed and how the industry is reacting to it. Sterling lists several reasons he believes the narrative is the way it is while Jason asks why mascots have usurped science in the area of climate change.
Sterling shares a story from his time living in Dhahran , an American oil base in Saudi Arabia. Alcohol is prohibited in Saudi Arabia, which included
Dhahran and Sterling shares a few stories about making wine, drinking in back alleys and turning a blind eye from time to time.
One story is the progression of still-rooms in the blue prints of homes to children drinking moonshine to suitcases full of hops going through customs. He also talks about liquor laws and punishments for getting caught with a bottle of wine.
Spiess recalls a few childhood stories as well from “snerfing” to playing on the traintracks.
News, Rumors and Newspeak
Governor: Wyoming will fight any Biden regulations on energy
Wyoming will push back against any federal regulations brought by the Biden administration that hinder development of fossil fuels and other resources, Gov. Mark Gordon told state lawmakers kicking off their annual session Tuesday.
“There is good reason to be concerned the actions of the next administration will further dampen the economic outlook for energy here in Wyoming,” Gordon said in a video address.
President-elect Joe Biden’s transition officials have signaled that efforts under President Donald Trump to reduce “obstructionist, counterproductive regulation” could be in peril, Gordon said in the half-hour speech.
How Biden Could Use His Whole Government to Take on Climate Change
Incoming U.S. President Joe Biden has promised an “all-of-government” approach to fight climate change that would require federal agencies from the Defense Department to the Treasury to help the administration achieve its goal of sharply slashing nationwide greenhouse gas emissions.
In HOUR TWO we WORK HARD with our Newsmaker Interview: Lance Medlin, Meridian Energy Group
Lance Medlin, Meridian Energy Group discusses their ESG Certification and the lengthy process their company went through.
Meridian Energy Group is spearheading the Davis Refinery in the Bakken as well as the Walton Refinery in Winker County, Texas. Medlin added there are plans in the works for a third refinery to be built in Oklahoma as well.
ESG is discussed in detail from the industry resistance towards ESG to the push from government to regulate it to natural progression of the free market. The reality of accepting the movement is also discussed from the now legal implications to the investment impact to the public relations of oil and gas.
The Crude Life Daily News Update for the Radio on The Podcast
Sponsors, Music and Other Show Notes
Sponsor of the Day: Hatch Coaching
Phone Line Sponsor: Swan Energy, Inc. 866.539.0860
Featured Music: Moody River Band
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