War With Iran Could Send Oil To $250 | US Forces Blow Up Three Oil Tankers In Syria Enforcing Oil Embargo on Oil and Gas This Week – OGTW174
Oil and Gas This Week
Mark LaCour & Paige Wilson
4.6 • 582 Ratings
🗓️ 10 June 2019
⏱️ 28 minutes
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| 0:00.0 | You're listening to the Oil and Gas This Week podcast with Mark LaCour 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. |
| 0:18.2 | What's going on, guys? |
| 0:19.2 | Welcome back to another episode of the Oil and Gas This Week podcast. You're listening to episode 174. What's up, Mark? What's up, Jake? A big shout to IBM for making the show possible. We love those guys. But Jake, this is something really cool. And you've probably seen this come across your desk. I just want to mention it to our audience because it's a credit and a thank you to |
| 0:37.5 | our audience. Do you know that we rank number 92 in Apple Podcasts for the business podcast in the |
| 0:43.7 | U.S.? We literally broke the top 100 business podcast, which is incredible considering how niche |
| 0:48.8 | this show is. You think of all the business podcasts out there and we broke the top 100. |
| 0:53.2 | That's crazy. Yeah. So audience, thank you. Without you, we could have never done that. Apple probably needs to create another category for us, but we're good being the top 100 in the U.S. And it's funny. We get the stats for everything, and this show ranks really high in careers, but like in Africa. So there evidently, there's a lot of people in Africa listen to this show to help them with their career, which is funny. But speaking of support the show, if you want to support the show, the easiest, best, quickest way to do it is leave us a review. We got a great review listening from Saudi Arabia by Abdul Ramon from Saudi Arabia. I'm currently working Saudi Aramco as a drilling engineer. I really enjoy listening to the podcast my daily commute to work. I enjoy, especially enjoy getting a different perspective on the industry in addition to staying on top of industry news. Keep up the awesome work. And we will absolutely keep up the awesome work. And it's cool. We got people listen from Saudi Aramcoe in Saudi Arabia. We know we have a bunch of Saudi Ramco's listeners here. But's really cool. And if you want to be just like Alibak and get a big shout out on the show, |
| 1:48.2 | leave us review. It takes a couple seconds. And like I said, it's the best way to support the show. And Jake, let's get into new stories. All right. First up, are we going to go to war with Iran, potentially. We recently, I think it was like two days ago, we blew up a few of their tankers, I believe, in an effort to, actually, that's in the next articles. Yeah, let's save that to the next one. Yeah. Actually, no, that wasn't even Iran. That was Syria. I misspoke. Well, no, you didn't. You just don't know that yet. Let's keep going to war with everybody, pretty much. So the whole premise |
| 2:18.0 | this article is, could a war with Iran sent oil to $250 a barrel? I've been kind of, I've been kind of dark on politics lately, Mark. So what's your, what you're going to take? Do you think this is actually realistic? Obviously, this is the title every time that there's tensions, you know, is it, is a Will going to go to $1,000 a barrel? |
| 2:33.7 | You know, what's your take on this market? |
| 2:35.0 | So if we go to war, which is not going to happen because Iran is not stupid enough to quite bluntly to go to war with us, it would be over in seconds. And a lot of our allies would like us to go to war with them. So it's actually kind of interesting to watch President Trump show some restraint and not pull the war trigger hammer. But so what happened is if we would go to war or would spike and what it would spike to, I don't know, but it'd probably be two or three times what it's going for now, but it would be a temporary spike. The thing that would be different is that the U.S. and Russia would then try to capture that market share. So whenever the war was over, Iran would just have lost that market share. |
| 3:07.9 | So them going to war with us besides losing very quickly would be stupid on a bunch of levels. |
| 3:12.2 | This is one of them, they'd lose market share. What's happened is they're trying to wait us out. |
| 3:16.2 | They know that the American public doesn't like long-term military engagements, whether it's war or police actions or are just enforcing an embargo. |
| 3:25.6 | And so they're talking a lot of talk, a lot of smack, but they're not going to do anything. |
| 3:29.8 | And they're hoping that politically they can get the American people to not be supporting of |
| 3:33.3 | this. |
| 3:34.0 | You know, regardless of what you think of our current administration, I actually think they're |
| 3:37.4 | doing a great job here because I was really wrong. |
| 3:39.7 | Back when Obama was in office and we had the first Iran nuclear deal, I actually think they're doing a great job here because I was really wrong. Back when Obama was in office and we had the first that Iran nuclear deal, I actually supported. |
| 3:45.0 | And if our audience was listening back then, you remember I caught a lot of flag from y'all saying I support this deal. |
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