In the fifth part of the EVolution Hybrid series, Levi Perkins, Perkins Electric Innovations and Jason Spiess, founder of The Crude Life, discuss the roadblock known as the supply chain.
Perkins explains how the rare earth minerals and foreign imports have created a new issue in the economy. He specifically discusses the surge in EV Agriculture equipment.
Perkins attended a World Ag Show recently and was taken back by the number of EV Projects now existing in agriculture compared to last year.
“Last year at the show I do not recall any EV farm machinery or equipment,” Perkins said. “This year it’s all I can recall is the number of companies pitching EV services.”
Spiess specifically asks if this is policy driven rather than free market. Perkins believes so. The two discuss how the recent legislation has created a marketplace where dollars are directing who gets preferred treatment.”
“Are these companies showcasing multiple EVs or are they showing a prototype and hoping for orders?” Spiess asked.
“Prototypes mostly that I could see,” Perkins said. “In my opinion, based on what I’ve seen and experienced, I do think the Agriculture market got and is getting preferential treatment with the supply chain right now.”
The two discussed the rationale from feeding the world to political posturing, thus pontificating whether the distribution channels would be next on the government EV priority list.
The conversation also dives into several examples of how smaller companies are having issue getting parts, information and access to the EV supply chain.
If definitely looks like they are favoring the larger vehicle manufactures, that’s where we are seeing all the batteries and controller components going into because they have large production numbers.”
Perkins gives an update on Tesla and Panasonic’s latest EV Batteries as well as parts from companies like Rockwell. He also explains why China is leading the EV market right now due to their historical use and mineral access.
The project EVolution Hybrid is sponsored by the U.S. Chamber of Commerce and project managed by TrainND Northwest.
Click here for the full feature and exclusive interview
Generational Power Struggles
Which generation is most in demand in the oil and gas industry right now – Baby Boomers, Gen X, Millennials, or Gen Z?
The answer to that question is Millennials, Dave Mount, the President of Louisiana based OneSource Professional Search, outlined to Rigzone.
“They have work experience ranging from four to 18 years,” Mount told Rigzone.
“Many companies are experiencing the big crew change of Boomers retiring and are building their company/bench strength with these professionals,” he added.
Baby Boomers ranked second in a list of three Mount sent over.
Click here for the entire article
Colombia President is Rethinking Oil Ban
Colombia’s economically crucial energy patch is facing a grave crisis due to its shortage of proven oil and natural gas reserves coupled with leftist President Gustavo Petro’s plan to end awarding new exploration contracts. The Andean country’s hydrocarbon sector was hit particularly hard by the 2020 COVID-19 pandemic and has yet to recover.
March 2023 oil production of 771,732 barrels a day was significantly less than the 884,876 barrels per day pumped for the same month four years earlier.
Latest developments indicate Colombia’s economically vital oil patch may never return to a pre-pandemic operational tempo and production volumes. As a result of Petro’s plans to end awarding new exploration contracts and ban hydraulic fracturing, investment is falling, drilling activity is in decline, and international energy companies are even exiting Colombia.
The latest news, which represents a considerable blow to Colombia’s oil industry, is the disappointing announcement from the Ministry of Mines and Energy that the Andean country’s reserves are not growing at the pace required.
According to the ministry’s statement (Spanish) oil reserves only expanded by 1.7% year-over-year to a meager 2.074 billion barrels of oil with a commercial life of 7.5 years at the current rate of production.
Of greater concern is proven natural gas reserves, which plunged by 11% compared to a year ago to 2.82 trillion cubic feet, only enough to support production for 7.2 years. Those meager reserves are incapable of supporting Colombia’s economically crucial hydrocarbon sector over the long term. The lack of hydrocarbon reserves and their short production life has the potential to roil Colombia’s oil-dependent economy.
Click here for the entire article
Weekly Sales Shout Out
This week The Crude Life Content Network would like to introduce you to an Energy Ambassador named Franki Osburn.
Franki is located in East Texas, however, her customer base spans well beyond that region. She is very active in industry events, fundraisers and organizational clubs,
Last month, Franki promoted to OHH Haynesville Shale Vice President at Oilfield Helping Hands.
Delta Energy Distribution is a honey oil (wireline grease), lubricants, and specialty chemical company assisting oil and gas companies by providing oil field products and services across Louisiana, Texas, New Mexico, Oklahoma, Mississippi, Alabama, Montana, Wyoming, Alaska and the Gulf of Mexico.
Glycol- 100% and 50/50
Methanol
POP- economy
POP- premium
FR KAMIRA 4251
FR DELTA 2440 (4251 equivalent)
FR freshwater/economy
Glut/quat biocide
Foamer
Xanthan Gel (4# and polymer blend)
Phone: 903.253.8277
Email: FrankiO(at)deltaenergydistribution(dot)com
Mention The Crude Life and receive a free special gift!
If you would like your company mentioned during the weekly sales shout out, email studio(at)thecrudelife(dot)com.
Social Media Posts Track Oil Trends
The global oil & gas industry experienced a 5% drop in social media posts on energy storage in Q1 2023 compared with the previous quarter, with the highest share accounted for Hindustan Petroleum, according to GlobalData’s analysis of social media posts.
GlobalData’s Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 report provides an outlook of the global ESS market, along with granular data on historical figures and forecasts of revenue opportunities from the technology, end-use, and regional segments.
Of the 50 leading companies in the oil & gas industry, Oil and Natural Gas had the most mentions of energy storage in Q1 2023.
GlobalData identified 1,798 energy storage-related posts in the industry's social media activity - 1% of all posts - and a decrease of 5% in Q1 2023 compared with Q4 2022.
Art Berman has been a regular guest on The Crude Life, click here for a past interview
The Crude Life to Present “The Adams & Evils of ESG” at Energy Expo In Jackson Hole
Has ESG become a religion? Many believe it has and is trying to be. The Crude Life has interviewed dozens of experts who have plenty to say.
The Crude Life will be presenting comments and examples showcasing how the trilogy of Environmental Social Governance is on a slippery slope of becoming a trinity for the youth.
The Energy Exposition has educated tens of thousands of people in Gillette, Wyoming; Billings, Montana, and Loveland, Colorado, over the last 20 years on procedures, technology, safety, environmental practices, and equipment used in the oil and gas industry.
The serious work of producing and supplying energy to the United States and the rest of the world begins Tuesday morning, September 19th, with attendees and presenters gathering at the Snow King Events Center. Dr. Glen Murrell, the first Executive Director of the Wyoming Energy Authority, will open and welcome everyone to the event.
Exhibitors and Symposiasts represent a wide range of services, including but not limited to, exploration, production, downstream, and all phases of support to the oil and gas industry.
Wyoming produces 13 times more energy than it consumes, and it is the second-biggest net energy supplier among the states, after Texas.
Wyoming has been the top coal-producing state since 1986, accounting for about two-fifths of all coal mined in the United States in 2020. The state holds nearly two-fifths of U.S. coal reserves at producing mines.
Wyoming was the eighth-largest crude oil-producing state in the nation in 2021, accounting for slightly more than 2% of U.S. total crude oil output. The state was the ninth-largest natural gas producer, and accounted for about 3% of U.S. marketed gas production.
Wyoming’s large energy-producing sector and small population help make the state have the highest per capita energy consumption and the second-most energy-intensive state economy, after Louisiana.
Wind power in Wyoming has more than doubled since 2019 and accounted for 19% of the state’s electricity net generation in 2021. The amount of installed wind power-generating capacity in the state nearly doubled to just over 3,000 megawatts during 2020 and 2021.
As the marketing slogan goes, Wyoming is setting the stage on how to use all sources of energy.
To reserve Exhibit Space contact
Austin Jennings
239-898-3923
austin@energyexposition.com
***Mention PROMO CODE: OTIS to receive a discount and special gift!
The Crude Life Daily Radio News & Lifestyle Update
Dr. Loren C. Scott, energy and economic expert, shares a story about Climate Change and how he and other economists are not convinced it’s as severe or catastrophic as the media is making out to be.
Click here for the exclusive, full length interview.
Loren C. Scott & Associates, Inc., is a 35-year old firm that provides economic consulting and public speaking services for a wide range of clients. Consulting activities include impact studies, forecasting services, analysis of policy proposals, and general economic analyses. Consulting clients include BP, ExxonMobil, Entergy Corporation, J. P. Morgan Chase, Capital One Financial, Nucor, Sasol, and a diversity of others. Our objective is to put together the very best team of associates to attack our client’s problems. Dr. Scott makes 50-70 presentations a year on the state of—and the outlook for—the economy and the energy sector in particular.
He is one of the 32-member National Business Economic Issues Council, which meets quarterly to discuss issues of state, national, and international interest. This group has experts who cover international trade, Washington economic policy, retail trade, trucking, steel, chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has been appointed to the Economic Advisory Board of the U.S. Council on Competitiveness—a group made up of the CEOs of the Fortune 100, top university presidents, and presidents of three major unions.
He has been interviewed on MSNBC, CNBC, Bloomberg TV, and several local TV stations and his work has been cited in such publications as the Wall Street Journal, the Financial Times, USA Today, the Los Angeles Times and the Moscow Times, to name a few.
Dr. Loren C. Scott is President and founder of the firm. He was on the Economics Department faculty at Louisiana State University from 1969 to 1998, where he rose through the ranks from Assistant Professor to the holder of the Freeport-McMoran endowed Chair of Economics. He is presently Professor Emeritus of Economics at LSU.
Over the thirteen-year period from 1983-96, Dr. Scott was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He received 7 awards at LSU for outstanding classroom teaching.
Dr. Scott is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy, which are released each fall. He was a co-investigator on over $1 million in grant research at LSU and is the author of over 75 articles and technical reports in addition to reports written for consulting clients.
The Crude Life Daily Update has been running as a 3-minute news and lifestyle short on radio stations since 2011. In 2015 online podcast portals and news outlets were added to the list of distributors.
If you have a news release, energy innovation, story idea or community lifestyle feature, email studio(at)thecrudelife(dot)com
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About The Crude Life
Award winning interviewer and broadcast journalist Jason Spiess and Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
The Crude Life has been broadcasting on radio stations since 2012 and posts all updates and interviews on The Crude Life Social Media Network.
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Power Struggles for Energy Influencers, Colombia Needs Oil, Meet Franki Osburn and the EVolution Hybrid Hits a Great Brick Wall of China