You're listening to the oil and gas this week podcast with Mark LeCore and Paige Wilson.

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

You're listening to the Oil and Gas This Week podcast brought to you by IBM.

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

Thanks for joining us for episode 240.

How's it going, Mark?

We're putting out two episodes a week apart. So audience, we're

getting better. This is baby steps. But everything's going good. Speaking of going good, we got a review

slash question here. This is actually from Veronica. All the gas this week, podcast, Energy,

education, the young ones, five-store review. High Paige and Mark, I work for AAPL Credit, an undergraduate energy management program at Western Colorado University. I began listening to your podcast when I took this position, and this has helped me drastically in regards to my understanding of the industry. In order to get more youth than our industry, I have to know what's going on, and this is my go-to podcast. Awesome. Yeah, you've consistently mentioned that the needs for individuals to get out, talk to their neighbors, their families, the mailmen, etc. In order to help others understand our industry, and I agree, this is unbelievably important. And we're going to stop the review right there, because she goes on to a question that we're going to actually move over to First Friday Q&A. So if you want to hear the rest of what Veronica is talking about, just stay tuned in next time. And it will be on the first Friday Q&A, which is right around the corner. All right. So let's get into the news stories, Mark. First one is oil tankers seized in Gulf of Omen order to sail to Iran.

Yeah, this is that thing that's going on in the Middle East with Iran.

And Iran, you got to quit doing stuff like this.

And so when this first happened, they had four tankers.

And let me, actually, let me stop for a second.

When I say tanker, I'm not sure what's your picture in your head.

Imagine the largest vessel you've ever seen on the ocean and then make it four times

longer.

So these things are three or four football fields long, millions of tons of displacement.

And so one of the things about a vessel this big is that if it falls under hostile control, it is a weapon. It will take out bridges. I guess so. Peers. Other warships. Yeah. You know, so we've got to be real careful. So what happened here, and if you don't know what bitumen is, bitumen is what you make asphalt with. So asphalt is bitumen plus gravel and sand, just like concrete is cement

plus gravel and sand. So bitumen is the part that binds everything together. So anyway,

the Royal Navy had to get involved in this, basically Iran's military saying they didn't do anything.

And of course, the ship that was taken over that was seized, saying, hell yeah, you did something,

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