1 00:00:00,080 --> 00:00:03,040 Speaker 1: You're listening to the Hammer and Nigel Show. Hello, my 2 00:00:03,160 --> 00:00:06,120 Speaker 1: name is Nigel Jason Hammer right over there with a 3 00:00:06,240 --> 00:00:07,880 Speaker 1: very special in studio. 4 00:00:08,000 --> 00:00:11,440 Speaker 2: Guess I'm very proud that ninety three WIBC has a 5 00:00:11,480 --> 00:00:16,600 Speaker 2: great Herrick to staff ratio. John Herrick is our news 6 00:00:16,640 --> 00:00:20,560 Speaker 2: director here and as old man he comes on here 7 00:00:20,560 --> 00:00:22,639 Speaker 2: and breaks down the price of oil from time to 8 00:00:22,680 --> 00:00:26,320 Speaker 2: time from Midwest Energy Partners, Bill Herrick. 9 00:00:26,079 --> 00:00:26,960 Speaker 3: How are you my film? 10 00:00:27,080 --> 00:00:28,000 Speaker 4: Hey guys, how you doing. 11 00:00:28,640 --> 00:00:29,480 Speaker 3: We're doing great. 12 00:00:29,640 --> 00:00:32,320 Speaker 2: And listen, this has nothing to do with oil. But 13 00:00:32,760 --> 00:00:35,040 Speaker 2: you told me how old you were off the air. 14 00:00:35,320 --> 00:00:37,760 Speaker 2: I didn't believe it. You look like a million damn. 15 00:00:37,640 --> 00:00:40,839 Speaker 4: Dollars saying that. 16 00:00:42,520 --> 00:00:47,200 Speaker 2: So, the price of oil has been a big discussion 17 00:00:47,240 --> 00:00:51,120 Speaker 2: ever since this war and Iran began, and there have 18 00:00:51,200 --> 00:00:54,200 Speaker 2: been ups, there have been downs. Donald Trump puts out 19 00:00:54,200 --> 00:00:58,160 Speaker 2: a statement on truth social and basically tells everybody calm down, 20 00:00:58,480 --> 00:01:02,640 Speaker 2: tankers have some guts, and then the market kind of responds, 21 00:01:03,400 --> 00:01:05,360 Speaker 2: you know better than anybody, this is kind of your 22 00:01:05,400 --> 00:01:07,080 Speaker 2: bread and butter. This is what you do for a 23 00:01:07,120 --> 00:01:11,560 Speaker 2: living with Midwest Energy Partners. Take me through what really 24 00:01:11,600 --> 00:01:12,919 Speaker 2: goes into the price of oil. 25 00:01:13,840 --> 00:01:16,120 Speaker 4: Oh whole lot you get your throwing me for a 26 00:01:16,120 --> 00:01:18,080 Speaker 4: loop on that one. It's it's everything we got. I mean, 27 00:01:18,080 --> 00:01:20,760 Speaker 4: we got, uh to drill. Well, you're looking at a 28 00:01:20,760 --> 00:01:22,800 Speaker 4: lot of equipment, a lot of capital, and you know, 29 00:01:22,880 --> 00:01:25,959 Speaker 4: to be able even to start well drilling, you got 30 00:01:26,080 --> 00:01:28,039 Speaker 4: to get permitting and on and on and on. So 31 00:01:28,120 --> 00:01:30,680 Speaker 4: it's it's a it's not for the faint of heart. 32 00:01:30,720 --> 00:01:32,600 Speaker 4: And then you, you know, you go ahead and do 33 00:01:32,640 --> 00:01:35,800 Speaker 4: everything the right way and you drill and you got 34 00:01:35,800 --> 00:01:38,680 Speaker 4: a dry hole and you got nothing for your you know, 35 00:01:38,720 --> 00:01:41,920 Speaker 4: a million dollar plus investment. So uh, it's not a 36 00:01:42,000 --> 00:01:43,640 Speaker 4: it's not a business for the faint of heart. 37 00:01:43,840 --> 00:01:47,280 Speaker 2: So take me into what Iran has to bring to 38 00:01:47,319 --> 00:01:50,000 Speaker 2: the table here and this current conflict going on in 39 00:01:50,160 --> 00:01:53,160 Speaker 2: Iran and why the market is so skittish. 40 00:01:53,200 --> 00:01:55,720 Speaker 4: Sure, well, can I do one thing first? I thought 41 00:01:55,720 --> 00:01:57,800 Speaker 4: maybe we could start off with a fun, fun little game, 42 00:01:57,840 --> 00:01:59,600 Speaker 4: because I know, I know when I listen to you guys, 43 00:01:59,600 --> 00:02:02,080 Speaker 4: and you know, you can always get Alison involved. And 44 00:02:02,200 --> 00:02:05,080 Speaker 4: she's looking at me like, oh what now? I thought 45 00:02:05,120 --> 00:02:07,680 Speaker 4: I started out with a fun little game that maybe 46 00:02:07,760 --> 00:02:11,160 Speaker 4: you don't necessarily want to win. Okay, okay, because the 47 00:02:11,200 --> 00:02:13,400 Speaker 4: grand prize is going to be a kiss on the 48 00:02:13,440 --> 00:02:14,360 Speaker 4: lips from John. 49 00:02:14,760 --> 00:02:17,880 Speaker 3: Oh geez, I'm out. I'm out. 50 00:02:18,639 --> 00:02:21,680 Speaker 4: So you show you each of you get a choice 51 00:02:23,440 --> 00:02:27,760 Speaker 4: to guess how many products worldwide utilize oil. In other words, 52 00:02:28,040 --> 00:02:30,800 Speaker 4: what goes what goes in a product that has oil 53 00:02:30,800 --> 00:02:31,040 Speaker 4: in it? 54 00:02:31,880 --> 00:02:32,079 Speaker 1: Oh? 55 00:02:32,120 --> 00:02:34,320 Speaker 4: Wow, and you have. I'll give you three choices. You 56 00:02:34,680 --> 00:02:38,279 Speaker 4: can't pick the same choice. So under one thousand products, 57 00:02:39,360 --> 00:02:42,560 Speaker 4: over one thousand but less than three thousand or over 58 00:02:42,680 --> 00:02:44,240 Speaker 4: three thousand products. 59 00:02:45,639 --> 00:02:49,240 Speaker 3: Uh, I'll do the second one. What was the second one? 60 00:02:49,240 --> 00:02:51,000 Speaker 4: That over one thousand, under three thousand? 61 00:02:51,040 --> 00:02:53,880 Speaker 2: Okay, I'll do over like go big or go home? 62 00:02:53,960 --> 00:02:55,280 Speaker 2: Give me the over number three? 63 00:02:55,320 --> 00:02:59,520 Speaker 4: All right, So Alison gets under one thousand. So Jason, 64 00:02:59,520 --> 00:03:02,959 Speaker 4: I got a new and bad news. You are the winner. 65 00:03:03,320 --> 00:03:06,880 Speaker 4: It's actually over six thousand products that oil goes into. 66 00:03:07,240 --> 00:03:08,840 Speaker 3: I'll give my prize to Allison. 67 00:03:08,919 --> 00:03:14,959 Speaker 1: There you go to his wife French John Herrick or 68 00:03:15,040 --> 00:03:16,799 Speaker 1: news director? Is that what it is? 69 00:03:16,800 --> 00:03:19,600 Speaker 3: This is just turns into the worst segment we've ever done. 70 00:03:19,800 --> 00:03:22,440 Speaker 3: But let's talk about holy yeah, there you go. 71 00:03:22,680 --> 00:03:24,200 Speaker 4: Well, my point of all this is, you know, when 72 00:03:24,200 --> 00:03:26,800 Speaker 4: you get six thousand products, it gets it gets people 73 00:03:27,120 --> 00:03:29,720 Speaker 4: very concerned when prices go as crazy as they have. 74 00:03:30,120 --> 00:03:31,200 Speaker 3: It's more than just gas. 75 00:03:31,240 --> 00:03:33,280 Speaker 4: Oh absolutely, you know, I'm not I said six thousand 76 00:03:33,280 --> 00:03:35,560 Speaker 4: products like, yeah, you know, you know, I mean gasoline, diesel, 77 00:03:35,640 --> 00:03:40,440 Speaker 4: jet field obviously, But then you got roofs, angles, got asphalt, candles, 78 00:03:40,480 --> 00:03:42,400 Speaker 4: women's tights, panty hose. 79 00:03:43,880 --> 00:03:47,840 Speaker 2: We need to go to war for the leggings, yes, 80 00:03:49,040 --> 00:03:51,200 Speaker 2: like a war for yoga pants. 81 00:03:51,240 --> 00:03:53,520 Speaker 3: I'll sign up right now. I'm here for that war. 82 00:03:53,680 --> 00:03:56,240 Speaker 4: Yeah. So that's that's when there's when there's a big 83 00:03:56,320 --> 00:03:59,040 Speaker 4: increase in prices like it has been. It really can 84 00:03:59,160 --> 00:04:01,880 Speaker 4: significantly the prices we pay on a lot of goods 85 00:04:01,720 --> 00:04:05,440 Speaker 4: just besides just gasoline. So but I get asked all 86 00:04:05,480 --> 00:04:07,320 Speaker 4: the time, you know, as we're now the leading producer 87 00:04:07,360 --> 00:04:09,800 Speaker 4: of oil the country out of the in the world. 88 00:04:09,920 --> 00:04:13,600 Speaker 4: We do over thirteen million barrels a day. You know, 89 00:04:14,560 --> 00:04:17,360 Speaker 4: why are we importing oil? And the reason for that is, 90 00:04:17,680 --> 00:04:18,880 Speaker 4: and I don't want to get in the weeds too 91 00:04:18,960 --> 00:04:22,360 Speaker 4: much to lose your listeners, but we only refined about 92 00:04:22,360 --> 00:04:25,479 Speaker 4: three million barrels of that oil and the export there 93 00:04:25,520 --> 00:04:29,799 Speaker 4: meaning ten because our oil refinery is set up. Oil 94 00:04:29,800 --> 00:04:33,720 Speaker 4: refineries are set up for handling heavy sour oil and 95 00:04:33,760 --> 00:04:36,120 Speaker 4: we produce light sweet crude oil in the United States, 96 00:04:36,400 --> 00:04:39,640 Speaker 4: much like Saudi Arabia does. So back in the seventies, 97 00:04:39,920 --> 00:04:43,880 Speaker 4: when the oil refineries were getting built, they were concerned 98 00:04:43,880 --> 00:04:48,440 Speaker 4: that US oil production was going to drop off significantly, 99 00:04:48,520 --> 00:04:51,440 Speaker 4: so they decided that we're going to import from a 100 00:04:51,520 --> 00:04:55,039 Speaker 4: number of countries this heavy, heavy sour crude oil which 101 00:04:55,120 --> 00:04:59,680 Speaker 4: comes primarily from Canada, Mexico and then the Middle East. 102 00:05:00,160 --> 00:05:02,000 Speaker 3: Like it's is it crappy oil? 103 00:05:02,240 --> 00:05:05,039 Speaker 1: Yeah, it's it's like Venezuela's crappy oil. 104 00:05:05,320 --> 00:05:07,240 Speaker 4: Well that's exactly right, and it's hard to get out 105 00:05:07,560 --> 00:05:10,159 Speaker 4: of the ground and and uh, but it's much cheaper 106 00:05:10,160 --> 00:05:12,680 Speaker 4: than the regular sweet crude oil is. So that's again 107 00:05:12,720 --> 00:05:15,000 Speaker 4: one of the benefits. But right now we get we 108 00:05:15,040 --> 00:05:17,279 Speaker 4: get about six million or eight million barrels from Canada 109 00:05:17,360 --> 00:05:19,159 Speaker 4: and the rest and then the rest comes from Mexico 110 00:05:19,640 --> 00:05:21,119 Speaker 4: and the other parts of the Middle East. 111 00:05:21,240 --> 00:05:24,320 Speaker 2: So so walk me through the volatility though of the prices, 112 00:05:24,440 --> 00:05:28,279 Speaker 2: because on Monday it was over one hundred dollars a 113 00:05:28,279 --> 00:05:31,680 Speaker 2: barrel and everybody was losing their minds. And then Trump 114 00:05:31,880 --> 00:05:34,440 Speaker 2: makes a statement on truth social and tells the tanker 115 00:05:34,520 --> 00:05:37,440 Speaker 2: drivers have some guts. Right next thing, you know, it's 116 00:05:37,480 --> 00:05:39,880 Speaker 2: like around eighty dollars. That's a pretty big jump in 117 00:05:39,920 --> 00:05:40,600 Speaker 2: twenty four hours. 118 00:05:40,640 --> 00:05:44,960 Speaker 4: Absolutely, and and it's all in what you're saying. In 119 00:05:45,000 --> 00:05:49,599 Speaker 4: the volatility is because the traders don't know, and you know, 120 00:05:49,640 --> 00:05:51,440 Speaker 4: do you believe Trump and in the fact that the 121 00:05:51,440 --> 00:05:53,880 Speaker 4: war's gonna be over in a week or two or 122 00:05:53,920 --> 00:05:55,479 Speaker 4: do you think that things going to go to go 123 00:05:55,480 --> 00:05:58,359 Speaker 4: on for a long time like it was with you know, 124 00:05:59,400 --> 00:06:03,640 Speaker 4: you know or any other you know, the countries we've 125 00:06:03,880 --> 00:06:07,960 Speaker 4: we've tried to be in and out quickly, so you know, 126 00:06:08,080 --> 00:06:10,520 Speaker 4: it's it is interesting. I just want to make a 127 00:06:10,560 --> 00:06:14,200 Speaker 4: side note that Venezuela and Iran hold the first and 128 00:06:14,440 --> 00:06:16,919 Speaker 4: third largest amounts of heavy sour crude oil in the 129 00:06:17,040 --> 00:06:19,320 Speaker 4: in the world. So it was a just a coal 130 00:06:19,360 --> 00:06:21,920 Speaker 4: incidence that we have to be attacking these two countries. 131 00:06:22,360 --> 00:06:24,040 Speaker 4: And you know, in the last you know, three to 132 00:06:24,160 --> 00:06:27,799 Speaker 4: six months, is part of you know, part of Trump's strategy. 133 00:06:27,920 --> 00:06:30,360 Speaker 4: I don't know. But the point is when he talks, 134 00:06:30,400 --> 00:06:33,200 Speaker 4: people listen. But I think then they listen they look 135 00:06:33,240 --> 00:06:35,800 Speaker 4: back and say, Okay, he's always been a little bit 136 00:06:35,800 --> 00:06:38,920 Speaker 4: overly optimistic about things, and we think this war is 137 00:06:38,920 --> 00:06:41,279 Speaker 4: going to go on longer. So so you see the 138 00:06:41,320 --> 00:06:44,120 Speaker 4: positive comments and then and then and then I think 139 00:06:44,200 --> 00:06:47,520 Speaker 4: reality kicks in and and you know you're having uh 140 00:06:48,000 --> 00:06:50,880 Speaker 4: that that affecting the oil prices. So like just in 141 00:06:50,920 --> 00:06:56,360 Speaker 4: today's news, uh the uh uh, they announced that they 142 00:06:56,360 --> 00:06:58,600 Speaker 4: were going to release four hundred million barrels of oil 143 00:06:59,680 --> 00:07:02,760 Speaker 4: to help oil prices com down. The United States is 144 00:07:03,640 --> 00:07:06,080 Speaker 4: it's a it's a world release, so part of our 145 00:07:06,120 --> 00:07:09,880 Speaker 4: strategic reserves. I'll keep in mind also that one third 146 00:07:09,920 --> 00:07:12,520 Speaker 4: of our reserves are gone, because Biden. 147 00:07:12,280 --> 00:07:13,920 Speaker 3: Got I thought I was going to ask you about 148 00:07:14,320 --> 00:07:15,240 Speaker 3: how our reserves do. 149 00:07:15,400 --> 00:07:17,600 Speaker 4: We already lost a third of those, so we're going 150 00:07:17,680 --> 00:07:20,320 Speaker 4: to lose more of it in this in this process. 151 00:07:20,560 --> 00:07:24,320 Speaker 4: And the market responded. Oil prices dropped about a bucket 152 00:07:24,320 --> 00:07:26,840 Speaker 4: barrel when they when they when they came news came 153 00:07:26,880 --> 00:07:29,800 Speaker 4: out well now as a as of four o'clock. Anyways, 154 00:07:29,800 --> 00:07:32,040 Speaker 4: when I left my office, oil was back up, up, 155 00:07:32,200 --> 00:07:34,720 Speaker 4: back up four bucks a barrel. So again, you know, 156 00:07:35,040 --> 00:07:38,800 Speaker 4: you know, four million barrels we used. We used twenty 157 00:07:38,800 --> 00:07:41,760 Speaker 4: million barrels a day in the United States, so that's 158 00:07:41,760 --> 00:07:44,520 Speaker 4: basically twenty days worth just for the United States. So 159 00:07:44,520 --> 00:07:47,240 Speaker 4: it's kind of a you know, okay, that's nice to have, 160 00:07:47,280 --> 00:07:50,760 Speaker 4: but it's not really a big deal. So I think 161 00:07:50,600 --> 00:07:54,040 Speaker 4: the issue really is, you know, the Iran controls controls 162 00:07:54,080 --> 00:07:56,400 Speaker 4: the straight Horn use. You know, twenty percent of the 163 00:07:56,400 --> 00:07:59,440 Speaker 4: world's oil goes through it, you know, And and the 164 00:07:59,480 --> 00:08:01,840 Speaker 4: endgame for UP is to have a pro American leadership 165 00:08:01,920 --> 00:08:05,040 Speaker 4: Institute and Iran and the longer the war lasts, I 166 00:08:05,080 --> 00:08:08,480 Speaker 4: think it's gonna put limitations on our supplies and then 167 00:08:08,480 --> 00:08:11,400 Speaker 4: probably increase the probability of you know, four dollars and 168 00:08:11,440 --> 00:08:12,520 Speaker 4: overall and gasoline. 169 00:08:12,640 --> 00:08:15,960 Speaker 3: Now, how much is the calendar? Okay? 170 00:08:16,000 --> 00:08:18,920 Speaker 2: Because look, I am not an oil expert, that is 171 00:08:18,960 --> 00:08:20,440 Speaker 2: you I'm not a farmer. 172 00:08:20,480 --> 00:08:22,800 Speaker 3: We've got a lot of listeners out there that are farmers. 173 00:08:22,800 --> 00:08:26,400 Speaker 2: But I know farming season is coming up, spring break, 174 00:08:26,840 --> 00:08:31,200 Speaker 2: travel season, summer vacations, people hitting the road, people using 175 00:08:31,240 --> 00:08:33,840 Speaker 2: more gasoline. Does that come into play with the pricing? 176 00:08:33,920 --> 00:08:34,040 Speaker 3: Oh? 177 00:08:34,040 --> 00:08:36,960 Speaker 4: Absolutely, yeah. And you know we're gonna you know, if 178 00:08:37,040 --> 00:08:41,680 Speaker 4: again this conflict continues, you know, we could be pushing 179 00:08:41,840 --> 00:08:44,480 Speaker 4: you know, over four dollars, you know, a four dollars 180 00:08:44,880 --> 00:08:47,160 Speaker 4: a gallon for gas and you know, potentially over one 181 00:08:47,200 --> 00:08:50,600 Speaker 4: hundred dollars a barrel in grude oil. It's just it's 182 00:08:50,720 --> 00:08:53,880 Speaker 4: all depending on how quickly this thing gets resolved. So 183 00:08:54,440 --> 00:08:56,240 Speaker 4: you know, in my opinion, in the best scenarios that 184 00:08:56,360 --> 00:08:59,440 Speaker 4: the war will end soon. We'll get the Iranian leadership 185 00:08:59,440 --> 00:09:02,520 Speaker 4: to change to you know, pro US affiliation, and you know, 186 00:09:02,559 --> 00:09:04,880 Speaker 4: if that occurs, you know, as I ran as the 187 00:09:04,880 --> 00:09:07,840 Speaker 4: third largest oil producer in the world, you know we 188 00:09:07,880 --> 00:09:11,720 Speaker 4: could see a significantly dramatic long term period of lower 189 00:09:11,720 --> 00:09:12,600 Speaker 4: oil and gas price. 190 00:09:12,840 --> 00:09:15,680 Speaker 1: Bill Herrick of Midwest Energy Partners here on the Hummer 191 00:09:15,679 --> 00:09:18,360 Speaker 1: of Nigel Show. One one more thing before we let 192 00:09:18,360 --> 00:09:21,520 Speaker 1: you go, Bill, how how did gas station? This is 193 00:09:21,559 --> 00:09:24,840 Speaker 1: a localized question, right, not just a big picture world 194 00:09:24,920 --> 00:09:28,559 Speaker 1: oil supply question, but like gas stations like I filled. 195 00:09:28,360 --> 00:09:30,960 Speaker 3: Up my man van on Sunday for. 196 00:09:32,559 --> 00:09:36,160 Speaker 1: Three dollars and fifty nine cents in Zionsville, But then 197 00:09:36,200 --> 00:09:38,079 Speaker 1: I saw in the news that a different part of 198 00:09:38,160 --> 00:09:41,000 Speaker 1: town had gas for two ninety nine. 199 00:09:41,840 --> 00:09:42,439 Speaker 3: How was that? 200 00:09:42,600 --> 00:09:46,480 Speaker 1: Like? What are the decisions who were making the decisions 201 00:09:46,520 --> 00:09:50,840 Speaker 1: in terms of prices per gallon at various gas stations 202 00:09:50,880 --> 00:09:51,720 Speaker 1: throughout the city. 203 00:09:51,840 --> 00:09:55,480 Speaker 4: Sure, well, speedway is a big, big gorilla in this market. 204 00:09:55,520 --> 00:09:57,960 Speaker 4: They have a speedway. What they have about an eighty 205 00:09:58,000 --> 00:10:03,160 Speaker 4: percent market share. So whatever Speedway does, everybody else follows, 206 00:10:03,160 --> 00:10:05,439 Speaker 4: but it doesn't mean that they're going to follow right away. 207 00:10:05,960 --> 00:10:08,760 Speaker 4: So for example, I noticed when when prices hit three 208 00:10:08,880 --> 00:10:11,200 Speaker 4: fifty nine, you know, there were still quite a few 209 00:10:11,200 --> 00:10:14,440 Speaker 4: stations that were around three nineteen three oh nine. But 210 00:10:14,480 --> 00:10:16,720 Speaker 4: then you drive by the station next day. You know, 211 00:10:16,800 --> 00:10:18,840 Speaker 4: someone got a phone call to them and said, hey, 212 00:10:18,880 --> 00:10:21,160 Speaker 4: Speedway went up to three fifty nine, and now they're 213 00:10:21,160 --> 00:10:23,640 Speaker 4: at three fifty nine, So you know, they're they're like 214 00:10:23,679 --> 00:10:25,280 Speaker 4: I said, they have, they have the big market share, 215 00:10:25,320 --> 00:10:28,560 Speaker 4: They lead the market in pricing. The thing that cracks 216 00:10:28,600 --> 00:10:32,240 Speaker 4: me up, though, is that is that prices, typically oil 217 00:10:32,320 --> 00:10:36,800 Speaker 4: prices that they pay it was set sixty days ago. 218 00:10:37,000 --> 00:10:40,320 Speaker 4: So they've they've jumped the ship in terms of jacking 219 00:10:40,320 --> 00:10:43,120 Speaker 4: prices up on us all, you know, much quite quicker 220 00:10:43,120 --> 00:10:44,959 Speaker 4: than they should have. They were paying. They were paying 221 00:10:45,400 --> 00:10:48,520 Speaker 4: you know, fifty five dollars oil back in November or 222 00:10:48,520 --> 00:10:52,480 Speaker 4: i'm sorry, back in January. That now you know that 223 00:10:52,880 --> 00:10:54,720 Speaker 4: you know that they haven't they're not paying the prices 224 00:10:54,720 --> 00:10:57,760 Speaker 4: that are going now. So yeah, so that's that's but 225 00:10:57,800 --> 00:11:00,600 Speaker 4: that's the answer to your question, hopefully answered Bill. 226 00:11:00,640 --> 00:11:02,760 Speaker 3: We could probably talk about this for a full show. 227 00:11:02,840 --> 00:11:06,480 Speaker 2: But if somebody that's listening right now has questions about 228 00:11:06,880 --> 00:11:10,560 Speaker 2: the future of oil, the future of prices and gas 229 00:11:10,640 --> 00:11:12,920 Speaker 2: and this and that, how can they reach you? Where 230 00:11:12,920 --> 00:11:13,360 Speaker 2: can they go? 231 00:11:13,600 --> 00:11:16,400 Speaker 4: Sure, just email me at build out Herrick at Midwest 232 00:11:16,800 --> 00:11:18,559 Speaker 4: Energy Partners dot com. 233 00:11:18,800 --> 00:11:22,560 Speaker 3: Bill dot Herrick at Midwest Energy Partners dot com. Thank 234 00:11:22,559 --> 00:11:24,880 Speaker 3: you so much. Fascinating chat. But it's the Hammer and 235 00:11:24,960 --> 00:11:25,520 Speaker 3: Nigel Show.