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Oil and Gas This Week

Oil and Gas This Week – February 28, 2023 – Ep 295

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 28 February 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Brought to you on the Oil and Gas Global Network, the largest and most listened to podcast network for the oil and energy industry. Enjoying the show? Leave me a review here Don’t forget to ask a question for our next First Friday Q&A. You ask the questions and we answer them. Have a question? Click […]

Transcript

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0:00.0

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

0:14.5

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

0:24.3

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

0:27.6

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

0:31.7

Thanks for joining us for episode 295.

0:34.7

You're still not feeling good.

0:36.0

No, it's just because we're doing this back to back. You have to know that to tell everybody that. I hope I'm not still sick by the time this comes out. That'd be really, really disappointing. Yeah. And apologies, folks. We know we missed a week. Life just got in the way and we're trying to catch up for this. I don't think we missed a week. I think everything went out on time. One came out last Friday.

0:55.1

Okay.

0:55.5

All right.

0:55.9

Well, then we didn't miss a week.

0:57.0

Then forget what I said.

1:11.3

Let's see. We've got a new review. You want to read a review? Yeah, it's a five-star, very informative. Love the podcast, been on the listener since Paige came on board. Yay. you both do a great job explaining such complex industry and a way people outside of our industry can understand. Keep up the good work. I'm a national fuel broker and I look forward to the episodes. Josh and Slow from the United States. Thank you. Josh and Slow is a good review. If you'd like to leave a review like Josh and Slow, let's go to show notes. There's a link no matter what device you're on. You can leave us a review. If you want to try to remember, it's love the podcast.com forward slash OGTW falling gas this week. All right. So let's get into the news stories. First one up is USA to sell 26 million more barrels from strategic oil reserve. I'm just going to cry. I know. Literally. So this is going to drop our reserve down to 345 million barrels.

1:47.7

So scared. oil reserve. I'm just going to cry. I know. Literally, so this is going to drop our reserve down to

1:46.2

345 million barrels. So scary. You want to guess how many days that runs our country? Well, last time you

1:51.3

told me, was it 17 and 18? It was 19. 19. Okay, so it was wanting off. Now it's 17.

1:57.3

Now it's 17.

1:58.0

Now it's 17 days of fuel for the country is something bad happens.

2:01.8

That's so scary.

2:02.9

Still no solid concrete plan on how we're going to refuel the strategic petroleum reserve,

2:07.6

which is a strategic petroleum reserve, not a political petroleum reserve.

2:13.3

No kidding.

2:13.9

Our current administration decided that 180 million barrels needed to be sold in the market to

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