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

130. What's up, Mark? Hey, Jake. What's you up to? Oh, man. I'm busy as always. Crazy

end of the year stuff. Yeah. Or something clandestine and secret you can't talk about.

I can talk a little bit about it. You know, like as we've mentioned, you know, we're in the midst of about to do this equity crowdfunding raise for WOLO, which I'll be able to share more information about here soon. But it is very, very time consuming, but it's all good stuff. Yeah, so listeners out there, somewhere in the very near future, you'll get a chance to own a piece of Jake's new startup. We're going to own a piece that we're going to ship in. So whenever you do that, Jake will let the listeners know so they can help you with your success. And then they can be successful as well because they'll have a piece of your company. Exactly. Best way to do it. All right. So before we get to anything else, if you like the show, if you listen to the show, the number one thing you can do to help us and please help us is leave us a review. When you leave us a review, that is supporting the show. We got two great ones today. Awesome show by the Geo Guy 2. I wonder who the Geo Guy 1 is. Anyway, the Geo Guy 2. I love listening to your show. Keeps me up to date on what oil and gas is doing. See how easy it was? That was not even a complete sentence because there's no punctuation there. We would be happy with that. We would love that, actually. And then the second one by Martini 827 stumbled upon this podcast that I was driving home from school. I'm a petroleum engineering student, so it's nice to stay on top of current news that pertains to my field of study.

These guys make it so easy to learn about the hottest topics in the oil and gas industry. Can't wait until y'all's next one. So thank you, thank you, thank you to both of y'all. And like I said, want to support the show, leave us review. All right. Let's get the news stories, Jake. All right. So just like you and I were talking about off the mic a little while ago, these first two articles are correlated. Both of them about the IEA, which is the International Energy Agency. It's a Paris-based think tank. They released like this 188 page report detailing everything that they found out or whatever their forecast are for the energy industry globally.

And then those projections go all the way out to like, you know, end of the 2020s.

So the first article, it's got a very, very positive sentiment to it.

You know, it's titled, The U.S. is on the threshold of the biggest oil and gas boom ever.

And they're saying that the U.S. will account for 80% of the increase in global oil supply between now and 2025, as shell producers find more and more ways to pump

oil profitably at lower prices. And they're saying by the late 2020s, the U.S. will become a net

exporter of oil for the first time since the 1950s, right?

Yeah.

Let me clarify that.

When they say net exporter, they literally mean that we sell more oil than we buy. So we're already exporting oil, but we will become a net exporter, which is really cool.

And then the second article is titled the IEA shocking revolution about U.S. Shale because

the IEA downgraded its demand forecast for both this year and next by 50,000 barrels per day,

which may not seem like a lot, but it is once you kind of look at that number for the year.

And yeah, it was just, it had more of a

pessimistic sentiment. I think it was more, more so short term. And both of these are interpreting

the same 188 page report from the IEA. So I think you have a great understanding of kind of

...