This week, I am joined by Que Spaulding, the former President of Hertz and Stars Encore. After an incredibly successful career, Que shares his stories and thoughts on how today’s macro environment compares to the civil unrest of the 60s; how business and media have changed and puts things into the perspective of time. I loved the chat. I hope you do too. Podcast Audio   https://youtu.be/ReYIjTzXHU4    

By Ellen Wald As the Lone Star State faces a near-apocalyptic cold spell not seen in over thirty years, it seems that every talking head and opinionated American has a view on why Texans are freezing without power. Do these people even understand what powers Texas’s grid? Do they know that people are freezing without their electric heat pumps? It seems that most people, outside of Texas, at least, are hoping to use this catastrophe to promote their preconceived personal...

The driver behind my #shrug call to action was to drive honest conversations about energy.  More specifically, that all forms of energy are important forms of energy and each source has trade offs.  The trade off we, as humans don't talk about is that we manipulate the climate (houses, heat, air conditioning etc) so that we can live in comfort.  There was a time we didn't do that and it's depicted really well in 'The Revenant.'  I want no...

Dan Pickering rejoins the podcast after an exciting 3 months. Last time we had Dan on, it was Thanksgiving, the vaccine had just been released and oil had begun its ascent. Now.... oil is over $60. Gas is over $3. Some energy equities have rallied more than 500%. We catch up on what’s happened, what coming and what to watch for. As always - I enjoy the conversation with Dan and I’m sure you will too.   Podcast Audio   https://youtu.be/1D8shDz1uMo   About our Sponsor:...

https://youtu.be/UqQJoyu71HM   Fun facts! 20 mmbo/d of crude oil are used in the United States each day. 70% of that is used in transportation, and about 50% of that in passenger vehicles. To move to 15% EVs (40 mm total vehicles), would replace 1 mmbo/d of crude oil demand with electricity demand. Today, with less than 1% of vehicles being EVs in Texas and Oklahoma, power users are being asked to turn their thermostats down to 60 F and we haven’t even...

This weekend and continuing into the beginning of next week, a polar vortex has seized Canada and the United States (and no, it wasn't the impeachment trial in Washington that sucked all the hot air out of the continent, at least I don't think it was).  During these few days, it is critically important that we use this moment to think about the energy transition narrative.  The narrative as it exists today goes something like this: "The planet is...

https://youtu.be/KjHRcjWY7T8   Here is a real user story of a Tesla Model X yesterday. The hockey team is playing in Omaha this weekend and a number of families chose to drive including one who has their Model X they bought in August to commute from their home in Vail to Denver 3x per week for practice. Due to the cold weather, the Tesla range dropped from 350 miles to 175 miles because cold weather impacts battery life. Charging stations were plentiful and...

Have you booked a flight recently? If not, you should look at prices. They are up substantially. Not 10%. Not 30%. 100%. After years of cheap travel, inflation hits airlines but it’s the learning we can take to oil and gas that I care about. With 1 mm passengers screening every day in the US, down from 2.7 mm, the airlines are struggling. They have dramatically reduced the number of flights and while it feels “full” on the plane, you...

It is with immense gratitude that I thank all #hottakeoftheday supporters these last 25 months. To get an opportunity to write, to speak, to podcast and to edu-tain while tackling some of the more controversial and nuanced issues we face as a country and a world, is a true privilege and joy. You don’t have to agree with me on (m)any of the topics, but I hope the style with which issues are presented encourages deeper thought and challenges popular...

Equinor, formerly Statoil, divested their Bakken position today for ~$900 mm and brings to an end a 10 year foray into the basin, a position acquired for $4.4 billion. Ouch. With 48,000 boe/d of production and 242,000 acres... the metrics reflect what those trying to buy and sell deals already know. To get cash... prepare to have your face ripped off (assuming 0 for acreage, it’s slightly less than $19,000/boed). After Equinor’s mea culpa in October 2020, clearly they were...