First Friday Q&A on Oil & Gas This Week – OGTW163
Oil and Gas This Week
Mark LaCour & Paige Wilson
4.6 • 582 Ratings
🗓️ 18 January 2019
⏱️ 35 minutes
🧾️ Download transcript
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| 0:00.0 | You're listening to the Oil and Gas This Week podcast with Mark LeCour and Jake Corley. |
| 0:12.4 | This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry. |
| 0:19.3 | Welcome back to one of that episode of oiling gas this week. |
| 0:21.4 | You're listening to episode 163 and the first episode of 2019. |
| 0:27.0 | What is up, Mark? |
| 0:28.4 | What is up, Jake, is we got a new exciting sponsor. |
| 0:31.2 | We welcome IBM to the show. |
| 0:34.0 | They're a new sponsor for 2019 and for probably a very long time after that. |
| 0:37.8 | So we're super excited to have a company of that size and of making that big of an impact in the oil and |
| 0:43.9 | gas industry come and work with us and partner with us. So welcome IBM as a new sponsor. We're |
| 0:48.0 | definitely make you proud. Other than that, Jake, this, this almost should be two shows. |
| 0:53.1 | We've got so many questions this month. |
| 0:54.9 | Yeah, we sure did. You know, we are finally back after the holidays. You know, oil and gas is kind of slow to get started after the holidays. So lock down things with IBM. We're super excited to have them on board. We have a ton of questions. Do you want to go through any reviews really quickly before we hop into the questions? Yeah, let's do this. The first one is a too bullish by a spinkiner. |
| 1:12.5 | All you guys do is tout production production. They had to say it twice. |
| 1:15.9 | What about frackers restoring the value of WTI? Going to cause layoffs. So, Spikner, Jake and I really |
| 1:21.7 | carry a lot of influence in this industry, we believe, but not quite enough to influence |
| 1:25.4 | production and oil prices. The commodity |
| 1:28.9 | side of our industry has always been here, will always be here, it will always be here in |
| 1:32.1 | the future. Their supply and demand controls, also things like geopolitics. Do I think that the |
| 1:38.6 | increase in production is going to have caused people to lose some jobs? Yeah. Do I think that any one person can control it? |
| 1:47.0 | No. Do I think the market controls it more or less? Yeah. So, you know, but this low crude price |
| 1:51.5 | environment, also there's some benefits, speaking, it forces innovation, it forces efficiencies. |
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