You're listening to the Oil and Gas This Week podcast with Mark LeCour and Jake Corley.

This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry.

Welcome back to another episode of Oil and gas this week. You're listening to episode

121. What's going on, guys? Hey, we got a guest today. Yes, we do. A new addition to the show.

Yep. Well, not necessarily a new addition to the show. He's one of the podcast founding members,

but he's joining us today. It's Patrick Pister. How are you doing today, Patrick?

I'm doing very well. How are y'all doing today? Awesome. So your podcast hopping from the H.S.N. podcast. Yeah, I appreciate y'all having me on. Just a little special guest for the audience. I'm sure the audience is really happy.

An audience, if you'd like to hear me and Jake and sometimes Patrick 24 hours a day,

we have our own radio station.

Jake will put a link in the show notes, but we're out there 24-7 and people are raving about how much excited it is at 2 o'clock in morning and listen to Olin gas this week. So you guys know the drill. It's the first Friday Q&A. You guys ask questions. We hopefully answer them. before we get to the question, Mark, you want to talk about our on the road sponsors? Yeah, real quick, total land the world's most advanced field land management system. Without them, we would not be able to go to all the shows that we go. So if you're in that landman's world, check them out. Great people over there and Lafayette, Louisiana. And the Leahick Harrison, over three quarters of the top oil and gas companies use Lehek

Heihek Harrison for leadership and workforce transformation if you're in that world check them out once

again great company doing some really powerful stuff out there if you'd like Jake and I to come talk

to your school your company event your conference your trade association whatever reach out to us

we'll be sharing the details we're stacking up for the. We have a special rate for universities because we have a special place and a heart for school. So you want us to come talk to your school or your university. Reach out to us and let's get you in the calendar. Let's do it. All right. You guys ready? Yep. All right, let's roll into these questions. First one is from a guy named Keith.

That's all we know about him.

He writes, with the information overload about what is happening with OPEC and how exports

are affecting price per barrel in the U.S., can you please just dumb down the whole thing and

explain what is happening at a high level and why it's affecting oil prices in layman's terms.

We'll go ahead and start with that part first and then I'll come to the last part.

So this is a very simple question and there's a lot of different people have a lot of different opinions on this. Basically, OPEC is a cartel and they've controlled prices historically the same

way to beers controls

prices with diamonds. They control supply. And so what has happened is as the U.S. and Russia has

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