The PetroNerds Podcast The PetroNerds Podcast

Recorded on May 1, 2024



Episode 107 of the PetroNerds podcast is a complete rip and review of the US economy, inflation, a weakening consumer, the Federal Reserve and interest rates, the Chinese economy, and oil prices and oil demand. Trisha Curtis, host of the PetroNerds podcast and CEO of PetroNerds, walks listeners through Chairman of the Federal Reserve Jerome Powell's speech on May 1st and the reality of inflation not being appreciated by the dovish Fed.



She goes through the poor earnings of stocks from Starbucks to McDonald's, all based on declining sales on the back of inflation and a tapped out consumer. The impacts this has to oil demand and oil prices are very real, but ongoing hot wars, the Houthis continued attacks to ships in the Red Sea and Indian Ocean, Chinese tensions in the South China Sea, and Russia's continued barrage against Ukraine are all keeping prices elevated.



Trisha closes the podcast with a number of newsworthy items including US production coming back above 13 mbd in February 2024, US CO2 emissions declining on the back of US natural gas, and much more. This is a jam packed podcast you are going to want to listen to twice and share with everyone you know!



https://youtu.be/lvrIWJeT6Kc

Recorded on April 18, 2024



Episode 106 of the PetroNerds podcast is your complete market update and round the world tour on what is happening in the oil market, energy, the global economy, and geopolitics. Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, takes listeners from natural gas prices in the US to the Middle East and back again. This podcast dives into the drivers for oil prices, the war in the Middle East and the Iranian strikes on Israel, Russia's energy infrastructure targeting in Ukraine, OPEC spare capacity, US production of oil and natural gas, rising US electricity prices, stubborn US inflation, and the the lack of interest rates cuts by the US Federal Reserve.



This is a podcast you are going to want to relisten to and share with your friends and colleagues. In 53 minutes Trisha covers what is driving oil prices, natural gas production in the US and natural gas prices, geopolitics and war and Iran's attack on Israel on April 13th, the SPR, global spare capacity, OPEC and Russian production vs. OPEC Plus targets, US production and lower US rig count and US activity, the complexity of high oil prices and low natural gas prices in the US, the Biden Administration's stance on Iran and their unwillingness to enforce sanctions on Iran crude exports to China, electricity inflation in the US and power demand, and the impact of politics and policies on oil and gas prices in the US. Trisha gets into power generation and natural gas explaining that half of US power generation is coming from natural gas.



She talks about power generation and manufacturing, EVs and Hertz and the slowdown in sales and adoption of EVs, inflation and electricity prices and the $1.74 natural gas prices NOT being passed along to consumers, and Russian attacks on Ukraine and Ukraine's energy infrastructure and power generation. She discusses the Fed, interest rates, no interest rate cuts, inflation, housing prices and mortgage rates, new home sales being down and housing prices being up, the demand for electricity and power generation by chip companies and bets on AI, the geopolitical angst within the market, and Russia, Iran, and China ties.



She closes the podcast by talking about the need for market intelligence and leadership in oil and gas, not just because it is the right thing to do, but because it is also the right thing to do for your shareholders. Trisha talks about politics and policies and raising energy IQ. She talks about the differences between Biden and Trump on oil and gas prices and infrastructure, regulations, and business.



https://youtu.be/9sa4TS6Vxhc

Recorded on April 5, 2024



Episode 105 of the PetroNerds podcast is a must listen to show stopper that you are going to want to share and listen to again. This PetroNerds podcast is a fresh market recap and dive on everything driving oil prices higher, including geopolitical tensions, the war in the Middle East, the Fed and rate volatility, inflation and concerns over sticky inflation, and China, Iran, and the less than ESG friendly energy transition.



Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, walks listeners through the rise in oil prices, the rise in gold prices, and the rise in the 10 year yield curve and the relationship between the three. She gets into the current state of geopolitics and the risk premium finally coming into oil prices with regards to Israel and Iran. And she talks about the plethora of Fed commentary this week covering everything from rate hikes to rate cuts to rising immigration.



She also talks about the US jobs report. The bulk of the podcast is the talk and presentation Trisha gave in Dallas, Texas to a group of investors at the CFA Investor Summit in November 2023. She chose to release this podcast now because of the geopolitical explanation in the talk with regard to the war in the Middle East, Fed comments, the atrocities committed in Gaza, and her discussion of China's role in the energy transition. This is fast talking, lippy, and a complete round the world conversation to investors.



https://youtu.be/Kpt86pq3xL0

Recorded on March 15, 2024



Episode 104 of the PetroNerds podcast is a PetroNerds special focussing on the proposed bill and ban on oil and gas permits in Colorado by 2030, an effective ban on all new oil and gas drilling. Trisha Curtis is joined by guest Chris Brown, VP of Policy and Research at the Common Sense Institute (CSI). Trisha just joined CSI as an Energy Fellow and helped contribute to a very recent and timely report authored by Chris on Senate Bill 24-159 in Colorado.



Trisha and Chris talk about the bill, the impact to jobs in Colorado, the severe impact to tax revenue in Colorado, the detrimental impact to the economy, the knock on impacts that cannot easily be captured through modeling, the fact that it will increase not decrease CO2 emissions, and broader policies and costs being paid for by Coloradans and Americans from poor energy policies. While this podcast is focussed on this proposed bill to ban oil and gas drilling and completion permits in Colorado in the name of reducing CO2 emissions, the discussion goes beyond Colorado and is a lesson for all states.



Oil production in California declines steadily, thousands of barrels per day each and every month, due to onerous regulations and anti oil and gas policies in California, directly contributing to rising energy costs, brown outs, higher costs of living, higher gasoline and diesel prices, higher electricity prices, and severe energy insecurity. This is the same route and path Colorado is on. Colorado citizens, businesses, business leaders, and those in and outside of the oil and gas industry need to appreciate that the war on oil and gas is a war on energy security and energy reliability and it is not reducing Colorado or global CO2 emissions. Xcel is proposing another rate hike on natural gas despite natural gas prices being well below $2/mcf.



Consumers are not reaping the benefits of low domestic US energy prices in their electricity bills because utility companies are passing along the expensive cost of unreliable so called renewables to their consumers. Electricity bills have risen dramatically in the past few years, directly contributing to rising and sticky inflation and higher costs for consumers. Xcel is directly asking for the rate hike to pay for more expensive renewables.



Folks need to push back and demand fairer prices and greater consumption of natural gas and reliable energy in the utility pool.



Denver Gazette Article: https://denvergazette.com/news/business/stopping-oil-drilling-would-be-an-economic-catastrophe/article_15aefc28-e253-11ee-9520-a3b919c953b7.html



Resport: https://commonsenseinstituteco.org/impact-of-sb24-159/



https://youtu.be/YlDrxbUnaJg

Recorded on March 6, 2024



Episode 103 of the PetroNerds podcast is another heavy hitting PetroNerds special. This is Trisha Curtis’ talk and presentation on US shale production and activity at the Oxford Institute for Energy Studies’ Oil Day in Oxford, England on December 1st, 2023.



Trisha front loads this episode with everything timely in the oil and gas market and global economy including Colorado’s potential ban on oil and gas drilling by 2030, Xcel’s proposed rate increase on natural gas to fund renewables, China’s economy and political party meetings, OPEC/Saudi’s extended voluntary oil production cut, Red Sea and Houthi ship attacks, and much more.



Trisha’s Oil Day presentation walks listeners through US record production of 13.3 mbd and 128 Bcf/day of natural gas explaining the fundamentals of longer laterals, less rigs, less wells, rising output, oil prices, volatility, consolidation and M&A, and much more.



https://youtu.be/0f_c_nmZ_mM

Episode 102 of the PetroNerds podcast is a jam packed deep dive on the geopolitical landscape, China, and US shale. Trisha Curtis takes listeners on a tour around the world, covering the Biden Xi meetings, the escalating war in the Middle East, and the ongoing war in Ukraine. She puts this in context of oil and gas, and broader energy market.



This talk and presentation was the keynote speech Trisha gave to the Rocky Mountain GPA conference in Denver, Colorado on November 16. 2023. The title of this talk is Navigating Risk in a Game of Geopolitical Chess. Buckle up folks! This is a good one!



https://youtu.be/Xos0wbkPsLU