1 00:00:00,240 --> 00:00:03,040 Speaker 1: Hello, and welcome to another episode of the Mark Maas Show, 2 00:00:03,040 --> 00:00:06,200 Speaker 1: where we talk about, of course, the decentralized revolution, the 3 00:00:06,240 --> 00:00:09,119 Speaker 1: way the world is changing right before our very eyes 4 00:00:09,160 --> 00:00:11,680 Speaker 1: from a world of centralization and it's sort of breaking apart. 5 00:00:11,720 --> 00:00:13,000 Speaker 1: And of course we look at it through the lens 6 00:00:13,039 --> 00:00:16,919 Speaker 1: of politics, finance, and technology, so we can navigate through this. 7 00:00:16,960 --> 00:00:18,720 Speaker 1: And you know, I'm trying to bring you some education 8 00:00:18,800 --> 00:00:20,840 Speaker 1: to kind of change the way you see these types 9 00:00:20,880 --> 00:00:23,720 Speaker 1: of situations so you can be better prepared some late 10 00:00:23,720 --> 00:00:25,440 Speaker 1: breaking news, and of course I try to bring you 11 00:00:25,480 --> 00:00:27,520 Speaker 1: some experts and some special guests. You don't have to 12 00:00:27,520 --> 00:00:29,920 Speaker 1: listen to me all the time, and that's exactly what 13 00:00:29,960 --> 00:00:32,720 Speaker 1: we have today. Of Course, I've been talking about the 14 00:00:32,840 --> 00:00:35,680 Speaker 1: problems in the energy sector for well over two years 15 00:00:35,720 --> 00:00:37,760 Speaker 1: now at this point, and so I brought in an 16 00:00:37,800 --> 00:00:40,360 Speaker 1: expert in the energy markets to talk about this today, 17 00:00:40,400 --> 00:00:44,200 Speaker 1: and I'm sitting down in studio with James Hill. James 18 00:00:44,240 --> 00:00:48,680 Speaker 1: is the CEO of a new company called MCF that's 19 00:00:48,880 --> 00:00:51,400 Speaker 1: trying to have a solution, trying to solve the problem 20 00:00:51,680 --> 00:00:54,360 Speaker 1: with the energy crisis over in Europe. So James, thanks 21 00:00:54,360 --> 00:00:55,480 Speaker 1: so much for joining me today. 22 00:00:56,400 --> 00:00:58,560 Speaker 2: Thank you very much. Mark it's a pleasure to be here. 23 00:00:59,120 --> 00:01:01,960 Speaker 1: Yeah, you know, I Yeah. What I like to do, 24 00:01:02,000 --> 00:01:03,560 Speaker 1: what I try to tell other people to do, is, 25 00:01:03,560 --> 00:01:06,280 Speaker 1: you know, really go to the source. And we want 26 00:01:06,319 --> 00:01:08,280 Speaker 1: to find people who are kind of in the trenches, 27 00:01:08,319 --> 00:01:10,640 Speaker 1: boots on the ground, doing the work, you know. And 28 00:01:10,680 --> 00:01:12,679 Speaker 1: so I know you've been in this energy sector for 29 00:01:12,720 --> 00:01:14,440 Speaker 1: a really long time, and so anytime I can get 30 00:01:14,480 --> 00:01:17,320 Speaker 1: a chance to sit down and learn from somebody such 31 00:01:17,360 --> 00:01:19,880 Speaker 1: as yourself, I'm super excited about that, and hopefully everybody 32 00:01:19,920 --> 00:01:22,720 Speaker 1: in the audience is as well. So, you know, James, 33 00:01:22,800 --> 00:01:24,360 Speaker 1: I made a video about two and a half years 34 00:01:24,360 --> 00:01:26,880 Speaker 1: ago saying, you know, warning an energy crisis is coming, 35 00:01:27,600 --> 00:01:29,600 Speaker 1: not just for California in the US, but even for 36 00:01:29,640 --> 00:01:32,640 Speaker 1: the world. And I was saying that because of regulations 37 00:01:32,720 --> 00:01:36,120 Speaker 1: that we're going in. You know, we have two sides. 38 00:01:36,160 --> 00:01:39,240 Speaker 1: We have supply and demand. Right, that's the equilibrium of prices, 39 00:01:39,400 --> 00:01:42,600 Speaker 1: and so we you know, if demand stays the same, 40 00:01:42,720 --> 00:01:44,800 Speaker 1: turns out we still need energy to live. So if 41 00:01:44,840 --> 00:01:47,200 Speaker 1: demand stays the same but supply goes down, that causes 42 00:01:47,200 --> 00:01:50,480 Speaker 1: the problem. And that seems like what's happened. Lots of 43 00:01:50,520 --> 00:01:56,720 Speaker 1: regulations that strangled new investments into the energy sector as 44 00:01:56,720 --> 00:02:01,400 Speaker 1: well as then obviously crimping the supply. How how has 45 00:02:01,440 --> 00:02:03,360 Speaker 1: that been, what have you seen in regards to that, 46 00:02:03,440 --> 00:02:04,880 Speaker 1: and how has that been in the energy markets over 47 00:02:04,880 --> 00:02:05,600 Speaker 1: the last several years. 48 00:02:07,040 --> 00:02:11,160 Speaker 2: You know, the focus has really changed over the past 49 00:02:11,200 --> 00:02:16,560 Speaker 2: ten years to the green revolution and the stampede to 50 00:02:16,760 --> 00:02:21,480 Speaker 2: renewables and of course you know, the green non fossil 51 00:02:21,520 --> 00:02:28,960 Speaker 2: fuel environment. You know, the transition in the eyes of 52 00:02:29,040 --> 00:02:33,799 Speaker 2: so many of these I call them dreamers, they want 53 00:02:33,800 --> 00:02:36,920 Speaker 2: a media transition, whereas you know, those of us that 54 00:02:37,120 --> 00:02:42,760 Speaker 2: actually provide energy understand that any real transition to another 55 00:02:42,880 --> 00:02:49,360 Speaker 2: type of energy resource will take decades and decades to accomplish. 56 00:02:49,480 --> 00:02:53,000 Speaker 2: You know, you can't just build you know, two million 57 00:02:53,639 --> 00:02:59,040 Speaker 2: ev cars and distribute them out to everybody, because you know, 58 00:02:59,120 --> 00:03:01,800 Speaker 2: there's a lot of lee time in you know, not 59 00:03:02,040 --> 00:03:06,200 Speaker 2: just building them and getting the resources to build them, 60 00:03:06,560 --> 00:03:09,800 Speaker 2: but you have to of course find the energy to 61 00:03:09,919 --> 00:03:14,000 Speaker 2: charge them. Up here in California, they actually had some 62 00:03:14,080 --> 00:03:17,040 Speaker 2: days where they told you not to charge your vehicles 63 00:03:17,520 --> 00:03:20,720 Speaker 2: because of the you know, brownouts and whatnot that we 64 00:03:20,840 --> 00:03:25,840 Speaker 2: were experiencing. So there's been a real real change here 65 00:03:25,880 --> 00:03:27,960 Speaker 2: in the last couple of years, and the war in 66 00:03:28,080 --> 00:03:31,560 Speaker 2: Ukraine has really brought that to the forefront in that 67 00:03:32,160 --> 00:03:37,400 Speaker 2: you talked about supply. When there's a radical disruption in supply, 68 00:03:37,880 --> 00:03:41,760 Speaker 2: it brings forward all of those issues that everybody likes 69 00:03:41,760 --> 00:03:46,040 Speaker 2: to ignore, you know, the the ability to provide energy 70 00:03:46,080 --> 00:03:49,760 Speaker 2: to people to you know, heat their homes and more importantly, 71 00:03:50,320 --> 00:03:54,920 Speaker 2: keep the factories running, you know, jobs. If factories don't run, 72 00:03:54,960 --> 00:03:57,400 Speaker 2: people don't have jobs. If people don't have jobs, they 73 00:03:57,440 --> 00:04:00,560 Speaker 2: don't have money. They can't buy food. This is a 74 00:04:00,600 --> 00:04:03,320 Speaker 2: real problem. Okay, this is a real. 75 00:04:03,080 --> 00:04:06,960 Speaker 1: Problem now, James, you know, to help us kind of 76 00:04:07,000 --> 00:04:09,880 Speaker 1: frame this up a little bit, why don't you you know, 77 00:04:09,920 --> 00:04:12,080 Speaker 1: I've obviously done some research on you, which is why 78 00:04:12,080 --> 00:04:13,960 Speaker 1: I've invited you to come on and talk as an expert, 79 00:04:14,160 --> 00:04:16,040 Speaker 1: but maybe just for the audience, kind of give us 80 00:04:16,080 --> 00:04:18,159 Speaker 1: a background of yourself. You know, what projects have you 81 00:04:18,200 --> 00:04:20,039 Speaker 1: been working on, how long you've been in the energy space, 82 00:04:20,080 --> 00:04:21,560 Speaker 1: kind of what have you done so far, et cetera. 83 00:04:23,360 --> 00:04:25,200 Speaker 2: You can tell by my great hair I've been around 84 00:04:25,240 --> 00:04:25,799 Speaker 2: a little while. 85 00:04:27,320 --> 00:04:29,760 Speaker 1: Well, for the audience that's not watching on video, he 86 00:04:29,880 --> 00:04:32,479 Speaker 1: has gray hair. And if you'd like to watch us 87 00:04:32,520 --> 00:04:36,080 Speaker 1: on video, go to the Market Disruptors YouTube channel and 88 00:04:36,080 --> 00:04:37,839 Speaker 1: then you can watch us as listening. 89 00:04:37,880 --> 00:04:39,520 Speaker 3: But anyway, James, go ahead, please. 90 00:04:39,520 --> 00:04:41,599 Speaker 2: There you go, There you go. Well, I've been in 91 00:04:41,640 --> 00:04:46,719 Speaker 2: the energy industry over forty five years. My degrees are 92 00:04:46,720 --> 00:04:50,400 Speaker 2: in geology. I have a master's degree in geology, and 93 00:04:50,600 --> 00:04:55,800 Speaker 2: I was trained at both the US Geological Survey and 94 00:04:56,160 --> 00:05:00,320 Speaker 2: Chevron over many many in my initial years of career, 95 00:05:00,839 --> 00:05:02,920 Speaker 2: and then went out, branched out on my own, started 96 00:05:02,920 --> 00:05:05,520 Speaker 2: my own businesses, and then participated in a number of 97 00:05:05,560 --> 00:05:11,000 Speaker 2: different public companies, all of which were pretty successful and 98 00:05:11,320 --> 00:05:16,200 Speaker 2: returned a good return to the to the shareholders, a 99 00:05:16,279 --> 00:05:19,520 Speaker 2: couple of big wins you want to talk about. Well, 100 00:05:19,560 --> 00:05:22,760 Speaker 2: you know, it was kind of amazing because when we 101 00:05:22,800 --> 00:05:25,920 Speaker 2: are during that in our first hostel takeover where we 102 00:05:25,920 --> 00:05:28,880 Speaker 2: were taken over, I found out that banks not only 103 00:05:28,960 --> 00:05:32,720 Speaker 2: have a deposit withdrawal limit, but they have a deposit 104 00:05:33,920 --> 00:05:38,760 Speaker 2: limit where you can only deposit so much money in 105 00:05:38,839 --> 00:05:41,040 Speaker 2: one day. So I had to go to the bank twice. 106 00:05:41,440 --> 00:05:43,280 Speaker 2: It was it was a good day for me. 107 00:05:43,520 --> 00:05:45,000 Speaker 3: Yeah, that's what we call a good problem to have. 108 00:05:45,600 --> 00:05:47,440 Speaker 2: Yeah, that was a good Yeah. I mean I knew 109 00:05:47,440 --> 00:05:50,000 Speaker 2: they had withdrawal limits, but I didn't realize they had 110 00:05:50,000 --> 00:05:51,839 Speaker 2: deposit limits. So it was a good day. 111 00:05:52,080 --> 00:05:54,680 Speaker 3: And was that a natural gas company that. 112 00:05:54,760 --> 00:05:59,680 Speaker 2: Was actually a company here in California where we were 113 00:05:59,680 --> 00:06:04,040 Speaker 2: a publicly held company on the Canadian Venture Exchange. We 114 00:06:04,040 --> 00:06:08,080 Speaker 2: were primarily producing heavy oil in California, Okay, and we 115 00:06:08,160 --> 00:06:11,800 Speaker 2: got we got taken over by a company based out 116 00:06:11,800 --> 00:06:14,240 Speaker 2: of Kazakhstan called Nations Nation's Energy. 117 00:06:14,680 --> 00:06:14,960 Speaker 3: Okay. 118 00:06:15,680 --> 00:06:19,320 Speaker 2: It was it was a good day. 119 00:06:18,760 --> 00:06:20,160 Speaker 3: Very good day, okay. 120 00:06:21,080 --> 00:06:23,600 Speaker 1: And then you moved into I mean, energy markets are 121 00:06:23,680 --> 00:06:26,400 Speaker 1: kind of energy markets, so whether it's oil and natural gas, 122 00:06:26,480 --> 00:06:28,080 Speaker 1: I mean they kind of flow the same most places. 123 00:06:28,120 --> 00:06:30,160 Speaker 3: Natural gas comes out of the ground with oil as well. 124 00:06:30,200 --> 00:06:32,560 Speaker 1: So that was an easy transition to kind of just 125 00:06:33,000 --> 00:06:34,480 Speaker 1: or not even a really a transition, it's kind of 126 00:06:34,560 --> 00:06:35,520 Speaker 1: stayed in that same market. 127 00:06:36,560 --> 00:06:36,800 Speaker 4: Yeah. 128 00:06:36,880 --> 00:06:40,479 Speaker 2: Well, you know, basically the next assignment I had after 129 00:06:40,520 --> 00:06:44,279 Speaker 2: that was International in Albania. You know, very few people 130 00:06:44,360 --> 00:06:46,720 Speaker 2: realized that one of the largest oil fields in Europe 131 00:06:46,760 --> 00:06:50,760 Speaker 2: was in Albania because of the secrecy and whatnot involved 132 00:06:50,800 --> 00:06:54,200 Speaker 2: in that particular country. Yeah, that was that was a 133 00:06:54,320 --> 00:06:58,440 Speaker 2: very very good project. Again, it was it was heavy oil, 134 00:06:58,920 --> 00:07:02,120 Speaker 2: but you know, we took the production from six hundred 135 00:07:02,120 --> 00:07:05,280 Speaker 2: barrels a day up to about nineteen thousand before it 136 00:07:05,360 --> 00:07:08,840 Speaker 2: was finally sold and that worked out very well. And 137 00:07:08,880 --> 00:07:12,960 Speaker 2: then of course we moved into natural gas exploration in 138 00:07:13,000 --> 00:07:16,360 Speaker 2: the US and made a discovery in Oklahoma which is 139 00:07:16,440 --> 00:07:22,000 Speaker 2: currently still producing about four thousand barrels of energy equivalent 140 00:07:22,000 --> 00:07:26,240 Speaker 2: a day oil and gas. That's called Calibri. At the moment, 141 00:07:26,320 --> 00:07:29,280 Speaker 2: I was involved with that pretty heavily. And at the 142 00:07:29,280 --> 00:07:33,080 Speaker 2: time we were exploring in Europe, So our major focus 143 00:07:33,280 --> 00:07:37,680 Speaker 2: was in Poland, Germany and Spain ten years ago, and 144 00:07:38,400 --> 00:07:42,640 Speaker 2: it was a difficult environment at the time and we 145 00:07:42,720 --> 00:07:46,960 Speaker 2: found it difficult and it's much better now. That's basically 146 00:07:47,440 --> 00:07:51,200 Speaker 2: the bottom line is that things are much more, much 147 00:07:51,240 --> 00:07:55,480 Speaker 2: more friendly to energy develop in Europe now than it 148 00:07:55,520 --> 00:07:56,320 Speaker 2: was ten years ago. 149 00:07:56,760 --> 00:07:58,680 Speaker 1: So you've had quite a bit of experience both in 150 00:07:58,720 --> 00:08:00,800 Speaker 1: the United States markets as well as Europe. 151 00:08:00,800 --> 00:08:02,880 Speaker 3: I mean, you rattled off quite a few over in Europe. 152 00:08:02,960 --> 00:08:06,880 Speaker 1: Would you say that the situation in regards to supply 153 00:08:06,960 --> 00:08:10,360 Speaker 1: demand is much more dire, you know, much more problematic 154 00:08:10,400 --> 00:08:12,480 Speaker 1: over in Europe right now. They've been more restrictive on 155 00:08:12,520 --> 00:08:14,480 Speaker 1: the supply side of that equation. 156 00:08:15,520 --> 00:08:18,360 Speaker 2: Well, you know, Europe has been drunk on Russian gas 157 00:08:18,400 --> 00:08:22,520 Speaker 2: for decades, and gas prom was very very effective at 158 00:08:22,560 --> 00:08:28,680 Speaker 2: controlling the price in a region where development within the 159 00:08:28,760 --> 00:08:32,440 Speaker 2: European Union itself, in other words, energy development on projects 160 00:08:32,520 --> 00:08:39,240 Speaker 2: within their own borders was effectively stifled and killed. It 161 00:08:39,280 --> 00:08:44,920 Speaker 2: was very, very difficult for companies to make a good 162 00:08:44,960 --> 00:08:48,120 Speaker 2: return on their investments at the time. And also the 163 00:08:48,160 --> 00:08:54,120 Speaker 2: fact that through their influence, the restrictive environments that the 164 00:08:54,160 --> 00:08:59,959 Speaker 2: governments produced on exploration and producing companies was pretty severe. 165 00:09:00,120 --> 00:09:02,920 Speaker 2: Or ten years ago, it really was. 166 00:09:03,280 --> 00:09:07,600 Speaker 3: And James, let's hold off there. We're going to take 167 00:09:07,600 --> 00:09:08,120 Speaker 3: a quick break. 168 00:09:08,160 --> 00:09:09,719 Speaker 1: If you're just tune in, you're listening to the Mark 169 00:09:09,800 --> 00:09:12,640 Speaker 1: Mas show, of course, talking about the decentralized Revolution, and 170 00:09:12,679 --> 00:09:16,559 Speaker 1: I'm sitting down with James Hill, the CEO of MCF, 171 00:09:16,880 --> 00:09:19,199 Speaker 1: and we're talking about the energy crisis in the world, 172 00:09:19,200 --> 00:09:21,280 Speaker 1: but specifically in Europe. We're gonna come back and talk 173 00:09:21,320 --> 00:09:24,320 Speaker 1: more about the sanctions, the fallout. 174 00:09:23,840 --> 00:09:24,400 Speaker 3: Of the war. 175 00:09:24,840 --> 00:09:28,520 Speaker 1: We're gonna talk about natural gas prices and possible solutions, 176 00:09:29,000 --> 00:09:30,079 Speaker 1: what you can do to. 177 00:09:30,040 --> 00:09:31,719 Speaker 3: Play this market. We'll be back with all that and 178 00:09:31,720 --> 00:09:33,160 Speaker 3: more a minute. We'renna take a quick break. We'll be 179 00:09:33,200 --> 00:09:35,400 Speaker 3: right back, all right, Welcome back. If you're just tuning in. 180 00:09:35,400 --> 00:09:37,640 Speaker 1: You're listening to the Markmas Show, and I'm sitting down 181 00:09:37,920 --> 00:09:41,439 Speaker 1: with James Hill, he's the CEO of MCF. 182 00:09:41,040 --> 00:09:43,240 Speaker 3: And we're talking about the energy. 183 00:09:42,920 --> 00:09:46,720 Speaker 1: Crisis that's been going on over in Europe and looking 184 00:09:46,800 --> 00:09:49,720 Speaker 1: towards what's going to happen this year, possible scenarios of 185 00:09:49,720 --> 00:09:51,240 Speaker 1: how it can play out, and of course what we 186 00:09:51,280 --> 00:09:54,320 Speaker 1: can do to participate in that. So, James, before we 187 00:09:54,320 --> 00:09:56,520 Speaker 1: had to take that quick break, you were talking about 188 00:09:57,080 --> 00:10:00,400 Speaker 1: how the energy crisis in Europe is much more dire 189 00:10:00,440 --> 00:10:02,319 Speaker 1: than the United States. And I think you're saying specifically, 190 00:10:02,400 --> 00:10:05,040 Speaker 1: or to the point, you said, they've been sort of 191 00:10:05,320 --> 00:10:07,959 Speaker 1: drunk on Russian gas. And I think maybe what you're 192 00:10:07,960 --> 00:10:10,880 Speaker 1: saying is that there's been so much supply from Russia 193 00:10:10,920 --> 00:10:12,760 Speaker 1: and probably at such a good price. I think you 194 00:10:12,760 --> 00:10:16,040 Speaker 1: said they were kind of subsidizing that that Europe seemed 195 00:10:16,040 --> 00:10:17,719 Speaker 1: to just kind of like, well, let's just turn off 196 00:10:17,720 --> 00:10:20,000 Speaker 1: all our supplies and let's just get it directly from them. 197 00:10:20,120 --> 00:10:22,560 Speaker 3: Is that sort of what happened pretty much? 198 00:10:22,640 --> 00:10:26,120 Speaker 2: I mean, the European Union in twenty twenty two imported 199 00:10:26,200 --> 00:10:30,240 Speaker 2: over sixty billion cubic meters of natural gas from Russia, 200 00:10:31,120 --> 00:10:35,240 Speaker 2: and of course that's been severely severely restricted now with 201 00:10:35,320 --> 00:10:38,520 Speaker 2: the war in Ukraine and the actual step away from 202 00:10:38,520 --> 00:10:41,840 Speaker 2: the European Union to the use of not just natural 203 00:10:41,880 --> 00:10:45,400 Speaker 2: gas but oil assets from Russia as well. And this 204 00:10:45,440 --> 00:10:48,480 Speaker 2: is where the energy crisis really originated, was that they 205 00:10:48,520 --> 00:10:52,079 Speaker 2: just weren't prepared for it. And of course, you know, 206 00:10:52,160 --> 00:10:54,920 Speaker 2: the idea is that this is not the first time 207 00:10:55,000 --> 00:10:58,160 Speaker 2: Russia has done this. This is actually the second time 208 00:10:58,200 --> 00:11:01,120 Speaker 2: they've done this. The first time, the European Union didn't 209 00:11:01,160 --> 00:11:06,080 Speaker 2: really pay attention because countries like Germany and and Poland 210 00:11:06,080 --> 00:11:09,880 Speaker 2: weren't really as strongly affected. But you know, Slovakia and 211 00:11:09,960 --> 00:11:12,080 Speaker 2: Bulgaria and a few of those in the in the 212 00:11:12,080 --> 00:11:17,160 Speaker 2: first restriction of the gas supplies through Ukraine were severely impacted. 213 00:11:17,520 --> 00:11:20,520 Speaker 2: Slovakia had to shut down factories and you know, there 214 00:11:20,520 --> 00:11:23,280 Speaker 2: were some instances where houses went cold because they just 215 00:11:23,280 --> 00:11:24,040 Speaker 2: didn't have energy. 216 00:11:24,360 --> 00:11:28,240 Speaker 4: When when was that, boy, I'd love to tell you, 217 00:11:28,520 --> 00:11:31,319 Speaker 4: love to rattle off the year for you, but it 218 00:11:31,400 --> 00:11:36,559 Speaker 4: was the first time that they restricted gas through Ukraine 219 00:11:37,000 --> 00:11:39,520 Speaker 4: because they were claiming that Ukraine wasn't paying their. 220 00:11:39,360 --> 00:11:42,839 Speaker 2: Bills, so like twenty weren't. But you know, yeah, around 221 00:11:42,920 --> 00:11:43,600 Speaker 2: twenty fourteen. 222 00:11:43,640 --> 00:11:47,800 Speaker 1: Maybe so also was it also a problem because you know, 223 00:11:48,000 --> 00:11:52,280 Speaker 1: regulations against energy, specifically oil and natural gas have kind 224 00:11:52,320 --> 00:11:54,920 Speaker 1: of gotten more restrictive in what we've seen, like in Germany, 225 00:11:54,920 --> 00:11:59,760 Speaker 1: for example, is this big move to shut down their 226 00:12:00,160 --> 00:12:03,559 Speaker 1: nuclear reactors, and now they've lost their natural gas and 227 00:12:03,600 --> 00:12:05,680 Speaker 1: so they were even more maybe were they even more 228 00:12:05,679 --> 00:12:09,240 Speaker 1: dependent on it than they had been before they. 229 00:12:09,120 --> 00:12:14,840 Speaker 2: Were they were less dependent when they had their nuclear reactors. 230 00:12:15,120 --> 00:12:17,959 Speaker 2: Now they're a lot more dependent. Right there are sixty 231 00:12:18,040 --> 00:12:21,720 Speaker 2: three coal fired power plants in Germany right now which 232 00:12:22,240 --> 00:12:26,800 Speaker 2: are currently burning coal. And of course this is in 233 00:12:26,840 --> 00:12:30,360 Speaker 2: the absolute opposite direction of where they really want to 234 00:12:30,360 --> 00:12:34,240 Speaker 2: go as far as carbon emissions into the environment. So 235 00:12:34,600 --> 00:12:37,199 Speaker 2: you know, it's it's it's they're they're they're really shooting 236 00:12:37,240 --> 00:12:40,640 Speaker 2: themselves in the foot by by following the policies that 237 00:12:40,679 --> 00:12:41,679 Speaker 2: they're currently following. 238 00:12:41,960 --> 00:12:44,320 Speaker 1: Yeah, and of course a lot of people probably have 239 00:12:44,320 --> 00:12:47,600 Speaker 1: seen the clip of Trump over there warning them, hey, 240 00:12:47,880 --> 00:12:50,080 Speaker 1: this is going to happen, like, don't put yourself dependent 241 00:12:50,120 --> 00:12:50,600 Speaker 1: on Russia. 242 00:12:50,640 --> 00:12:51,240 Speaker 3: This could happen. 243 00:12:51,720 --> 00:12:54,000 Speaker 1: But here we are, you know, we have the kind 244 00:12:54,000 --> 00:12:56,720 Speaker 1: of war broke out the whole world, sanctioning Russian energy. 245 00:12:58,559 --> 00:13:01,760 Speaker 1: What about the nord Stream pipeline, because the Norstream pipeline 246 00:13:01,800 --> 00:13:05,440 Speaker 1: was really to send oil directly from Russia to Germany, 247 00:13:05,720 --> 00:13:10,600 Speaker 1: I believe, right, And then there are yeah. 248 00:13:10,520 --> 00:13:13,880 Speaker 2: Nord Stream one was the first pipeline to go around Ukraine. 249 00:13:14,840 --> 00:13:18,000 Speaker 2: A lot of a lot of natural gas that originally 250 00:13:18,000 --> 00:13:21,040 Speaker 2: went into Europe went through pipelines in Ukraine, and of 251 00:13:21,080 --> 00:13:25,920 Speaker 2: course Ukraine had a tariff on those pipelines to you know, 252 00:13:26,000 --> 00:13:30,160 Speaker 2: to to increase their cashlow. Nord Stream one and nord 253 00:13:30,200 --> 00:13:35,520 Speaker 2: Stream two were I believe, attempts by Russia to circumvent 254 00:13:35,679 --> 00:13:41,120 Speaker 2: Ukraine in anticipation of the invasion, which of course happened. 255 00:13:42,080 --> 00:13:44,800 Speaker 2: Now that those two pipelines are destroyed, and you know, 256 00:13:44,920 --> 00:13:48,200 Speaker 2: goodness snows who destroyed them. Uh, you know, the the 257 00:13:48,679 --> 00:13:52,680 Speaker 2: preferential method of getting energy and gas into Europe is 258 00:13:52,679 --> 00:13:55,840 Speaker 2: going to be through Ukraine. And of course, you know 259 00:13:55,920 --> 00:13:59,319 Speaker 2: what sort of reparations and tariffs the is Ukraine going 260 00:13:59,320 --> 00:14:02,600 Speaker 2: to put on Russian gas to try and rebuild the 261 00:14:02,640 --> 00:14:06,520 Speaker 2: cities that that Russia has destroyed. So I mean, this 262 00:14:06,600 --> 00:14:09,320 Speaker 2: is this is an open question, and of course that's 263 00:14:09,320 --> 00:14:12,760 Speaker 2: even going to restrict the price even more, you know, 264 00:14:13,240 --> 00:14:16,880 Speaker 2: in the future, I mean I actually envision you know, 265 00:14:16,920 --> 00:14:19,560 Speaker 2: the price going up significantly once the war ends. 266 00:14:20,400 --> 00:14:23,640 Speaker 1: So you're saying that even if, well, at some point 267 00:14:23,680 --> 00:14:25,160 Speaker 1: this comes to some sort of a resolution. 268 00:14:25,240 --> 00:14:26,600 Speaker 3: We don't know how that plays out, but. 269 00:14:28,320 --> 00:14:32,880 Speaker 1: After the resolution happens, potentially Russia, if Europe wants to 270 00:14:32,880 --> 00:14:35,480 Speaker 1: get Russian energy, you would have to go back through Ukraine. 271 00:14:35,600 --> 00:14:37,920 Speaker 1: They would probably, most likely to your point, put some 272 00:14:38,000 --> 00:14:40,760 Speaker 1: types of sanctions on their reparations, et cetera. And so 273 00:14:41,080 --> 00:14:44,080 Speaker 1: even if a Russian energy could flow back into Europe 274 00:14:44,120 --> 00:14:47,440 Speaker 1: again at some point, it probably will at that point 275 00:14:47,480 --> 00:14:49,000 Speaker 1: it will probably be way more expensive. 276 00:14:49,000 --> 00:14:49,720 Speaker 3: That's what you're saying. 277 00:14:50,320 --> 00:14:53,440 Speaker 2: It's it's quite possible. This is this is my vision only, 278 00:14:54,520 --> 00:14:56,560 Speaker 2: but it makes sense. I mean, let's face it, if 279 00:14:56,600 --> 00:14:59,600 Speaker 2: you were Ukraine, you wouldn't allow Russian gas to come 280 00:14:59,640 --> 00:15:00,640 Speaker 2: through it cheap price. 281 00:15:01,720 --> 00:15:05,360 Speaker 3: I mean, let's face it. Yeah, it's just and what 282 00:15:05,400 --> 00:15:06,240 Speaker 3: other option do they have? 283 00:15:06,280 --> 00:15:08,120 Speaker 1: I mean they would put it on tankers and get 284 00:15:08,120 --> 00:15:09,880 Speaker 1: around Ukraine that way, or. 285 00:15:09,920 --> 00:15:12,760 Speaker 2: Just well, Russia doesn't really have the LNG facilities that 286 00:15:12,840 --> 00:15:16,200 Speaker 2: the US and Qatar have. You know, a lot of 287 00:15:16,240 --> 00:15:18,560 Speaker 2: the a lot of the energy supplies that have been 288 00:15:18,560 --> 00:15:22,760 Speaker 2: going into Europe now is LNG luquefied natural gas from 289 00:15:22,840 --> 00:15:27,000 Speaker 2: the US and Qatar. And this is really what's averted 290 00:15:27,040 --> 00:15:30,840 Speaker 2: the energy crisis this last year in Europe has been 291 00:15:30,880 --> 00:15:34,160 Speaker 2: the supplies of natural gas, you know, in the form 292 00:15:34,200 --> 00:15:36,400 Speaker 2: of LNG supplied from the US and guitar. 293 00:15:37,080 --> 00:15:40,440 Speaker 1: Yeah, so let's talk about that. So a lot of people, 294 00:15:41,080 --> 00:15:44,080 Speaker 1: including myself, thought that this last winner could have been really, 295 00:15:44,120 --> 00:15:48,600 Speaker 1: really bad, and it seems like crisis was diverted. So 296 00:15:48,680 --> 00:15:51,760 Speaker 1: we thought we thought this was going to be, you know, catastrophic. 297 00:15:51,840 --> 00:15:54,840 Speaker 1: You know, energy is shut down and people are going 298 00:15:54,920 --> 00:15:57,240 Speaker 1: to freeze in their homes, and that didn't seem to happen. 299 00:15:57,320 --> 00:16:00,280 Speaker 1: So so why is that do we not read of? 300 00:16:00,280 --> 00:16:02,320 Speaker 2: It had to do Yeah, a lot of it had 301 00:16:02,360 --> 00:16:05,920 Speaker 2: to do with the mild winter that yearpad I was, 302 00:16:06,040 --> 00:16:08,560 Speaker 2: I was just I was just in Poland last week 303 00:16:08,680 --> 00:16:13,880 Speaker 2: and the weather was beautiful, much warmer than it normally is. So, 304 00:16:14,080 --> 00:16:16,760 Speaker 2: you know, the fact that the that Mother Nature cooperated 305 00:16:16,960 --> 00:16:24,120 Speaker 2: and the LNG supplies were diverted to Europe from the 306 00:16:24,320 --> 00:16:28,960 Speaker 2: US and Katar really really helped, along with the energy 307 00:16:29,000 --> 00:16:34,120 Speaker 2: conservation that Europe put into put into effect in staving 308 00:16:34,160 --> 00:16:36,960 Speaker 2: off what could have been a very very bad crisis. 309 00:16:37,480 --> 00:16:41,160 Speaker 1: So they got lucky. It was an abnormally warm year, 310 00:16:41,360 --> 00:16:45,320 Speaker 1: so that really helped them out too. They were able 311 00:16:45,360 --> 00:16:48,440 Speaker 1: to get supplies from the US and Katar to help 312 00:16:48,520 --> 00:16:52,000 Speaker 1: offset some of those losses from that they lost from Russia. 313 00:16:52,640 --> 00:16:56,880 Speaker 2: Yes, exactly. And really the big, the big factor that 314 00:16:57,000 --> 00:16:59,960 Speaker 2: nobody really thinks about is the fact that China wasn't 315 00:17:00,080 --> 00:17:04,000 Speaker 2: competing for all of those LNG's cargoes because of the 316 00:17:04,000 --> 00:17:07,359 Speaker 2: COVID lockdown. They locked down their society and because of that, 317 00:17:07,400 --> 00:17:10,960 Speaker 2: their energy use went way down. Now that China is 318 00:17:11,000 --> 00:17:14,320 Speaker 2: coming out of their COVID lockdown, we expect to see 319 00:17:14,320 --> 00:17:17,680 Speaker 2: a lot more competition for those LNG cargoes, and if 320 00:17:17,680 --> 00:17:19,960 Speaker 2: that happens, of course the price is going to go up. 321 00:17:21,040 --> 00:17:21,720 Speaker 3: That's a good point. 322 00:17:21,840 --> 00:17:25,159 Speaker 1: So China, which is needing to import all of that 323 00:17:25,359 --> 00:17:28,159 Speaker 1: energy because of their lockdown, their economy was kind of 324 00:17:28,160 --> 00:17:30,120 Speaker 1: shut down. They weren't needing the supply that they had 325 00:17:30,160 --> 00:17:32,720 Speaker 1: in the past, and so that allowed that kind of 326 00:17:32,720 --> 00:17:34,280 Speaker 1: extra capacity to go to Europe. 327 00:17:34,320 --> 00:17:35,720 Speaker 3: It wasn't being competed against. 328 00:17:35,720 --> 00:17:37,920 Speaker 1: So to your point, if they have to now fight 329 00:17:37,960 --> 00:17:41,760 Speaker 1: over this, the prices would go up big time. If 330 00:17:41,760 --> 00:17:43,240 Speaker 1: you're just tuning in, you who are listening to the 331 00:17:43,320 --> 00:17:46,720 Speaker 1: Mark Mos Show. Of course, always talking about the decentralized revolution. 332 00:17:46,760 --> 00:17:50,280 Speaker 1: We're talking about the energy crisis in Europe and why 333 00:17:50,320 --> 00:17:52,360 Speaker 1: did it not be, why was it in as bad 334 00:17:52,359 --> 00:17:53,439 Speaker 1: as we thought it was going to be, and what 335 00:17:53,480 --> 00:17:56,600 Speaker 1: can we expect moving forward. I'm sitting down with James Hill. 336 00:17:56,880 --> 00:17:57,480 Speaker 3: He is the. 337 00:17:57,359 --> 00:18:01,640 Speaker 1: CEO of MCF company that's trying to fix the energy 338 00:18:01,720 --> 00:18:04,439 Speaker 1: problem over in Europe, and so we're digging into that. 339 00:18:04,440 --> 00:18:05,760 Speaker 3: We're going to come back. We're going to talk. 340 00:18:05,680 --> 00:18:09,879 Speaker 1: About what we could expect moving forward, what MCF is 341 00:18:09,920 --> 00:18:12,600 Speaker 1: doing to kind of work on this problem, and a 342 00:18:12,600 --> 00:18:13,959 Speaker 1: lot more. You don't want to miss this. We're going 343 00:18:14,000 --> 00:18:15,560 Speaker 1: to be back after a quick break. Don't go away, 344 00:18:15,640 --> 00:18:18,080 Speaker 1: We'll be right back, all. 345 00:18:18,040 --> 00:18:19,399 Speaker 3: Right, Welcome back. If you just tune in, you were 346 00:18:19,400 --> 00:18:20,640 Speaker 3: listening to the Marcomas Show. 347 00:18:20,640 --> 00:18:24,280 Speaker 1: Of course, we're talking about the energy crisis that's over 348 00:18:24,359 --> 00:18:27,040 Speaker 1: in Europe and how it wasn't as bad as we expected, 349 00:18:27,040 --> 00:18:29,120 Speaker 1: and what we could expect moving forward. I'm sitting down 350 00:18:29,320 --> 00:18:31,840 Speaker 1: with James Hill. He's an expert in the space. He's 351 00:18:31,880 --> 00:18:33,760 Speaker 1: been in the space for over forty five years in 352 00:18:33,760 --> 00:18:37,840 Speaker 1: the US and in Europe. He's the CEO of MCF Energy, 353 00:18:38,160 --> 00:18:41,160 Speaker 1: a company that has some new interesting ways to kind 354 00:18:41,160 --> 00:18:44,359 Speaker 1: of fix the situation over in Europe or help alleviate anyway. 355 00:18:44,640 --> 00:18:48,520 Speaker 1: MCF Energy ticker is MCF. Now, James, we were talking 356 00:18:48,560 --> 00:18:52,880 Speaker 1: about you the luck that Europe had from a number 357 00:18:52,920 --> 00:18:56,199 Speaker 1: of factors. China happened to be shut down an abnormally 358 00:18:56,240 --> 00:18:59,720 Speaker 1: warm winter, and Qatar and the US kind of picking 359 00:18:59,760 --> 00:19:04,280 Speaker 1: up the slack there. Now it looks like since Russia 360 00:19:04,359 --> 00:19:07,399 Speaker 1: is not sending their oil and gas down to Europe 361 00:19:07,520 --> 00:19:11,000 Speaker 1: now it's trying to divert it to China. So if 362 00:19:11,080 --> 00:19:14,760 Speaker 1: China picks up all that slack from from Russia, will 363 00:19:14,760 --> 00:19:19,040 Speaker 1: that possibly prevent that sort of outbidding situation you were 364 00:19:19,080 --> 00:19:19,679 Speaker 1: talking about. 365 00:19:21,080 --> 00:19:24,440 Speaker 2: Well, it's not just China that's that's taking the oil 366 00:19:24,480 --> 00:19:27,479 Speaker 2: and the oil and gas from Russia. It's also India, 367 00:19:28,480 --> 00:19:33,080 Speaker 2: India and and even Saudi Arabia is importing some Russian oil, 368 00:19:33,600 --> 00:19:36,439 Speaker 2: which of course they refine and then turn around and 369 00:19:36,480 --> 00:19:39,920 Speaker 2: sell it to the West as refined products. So yeah, 370 00:19:39,960 --> 00:19:43,240 Speaker 2: there's there's a lot of maneuvering going on in the 371 00:19:43,359 --> 00:19:47,359 Speaker 2: energy world. And let's face it, you know, energy is 372 00:19:47,400 --> 00:19:49,680 Speaker 2: always going to find to find a place or a home. 373 00:19:51,000 --> 00:19:54,840 Speaker 2: But you know, again, markets are markets, and you know, 374 00:19:54,880 --> 00:19:58,800 Speaker 2: the ease to which Russia has been able to transport 375 00:19:58,960 --> 00:20:00,800 Speaker 2: energy to Europe because is kind of sort of right 376 00:20:00,840 --> 00:20:04,240 Speaker 2: next door, you know, kind of overcomes some of these 377 00:20:04,240 --> 00:20:07,720 Speaker 2: other markets which are farther away, and you know, it 378 00:20:08,080 --> 00:20:10,159 Speaker 2: takes more money to get to get the oil and 379 00:20:10,240 --> 00:20:12,679 Speaker 2: gas there, if you know what I mean. Yeah, so 380 00:20:12,800 --> 00:20:14,840 Speaker 2: Europe is always going to be, always going to be 381 00:20:14,880 --> 00:20:18,840 Speaker 2: a very viable market for Russia. But you know, again 382 00:20:19,119 --> 00:20:24,000 Speaker 2: the problems of the war and the sanctions and the 383 00:20:24,040 --> 00:20:28,720 Speaker 2: pipelines being destroyed is going to impact that for many 384 00:20:28,800 --> 00:20:29,440 Speaker 2: years to come. 385 00:20:30,240 --> 00:20:32,000 Speaker 3: Now let's talk about the markets for a minute. 386 00:20:32,040 --> 00:20:35,400 Speaker 1: So you know, I like to kind of keep things 387 00:20:35,400 --> 00:20:36,760 Speaker 1: simple and then we can kind of build on top 388 00:20:36,800 --> 00:20:39,320 Speaker 1: of those. But of course, you know, prices are you know, 389 00:20:39,720 --> 00:20:43,080 Speaker 1: somewhat of an equilibrium between supply and demand, and so 390 00:20:43,320 --> 00:20:44,840 Speaker 1: it seems like, well, if you can look at the 391 00:20:44,880 --> 00:20:47,240 Speaker 1: supply demand equation, you can kind of figure out where 392 00:20:47,280 --> 00:20:50,159 Speaker 1: these markets are headed. And so when there was a 393 00:20:50,280 --> 00:20:53,160 Speaker 1: reduction in supply again demand kind of staying the same, 394 00:20:53,960 --> 00:20:56,640 Speaker 1: then prices should go up, and they did. The prices 395 00:20:56,640 --> 00:21:00,640 Speaker 1: of natural gas spiked to insane highs throughout Europe, UK, etc. 396 00:21:01,720 --> 00:21:04,080 Speaker 1: And to the point you had kind of talked about earlier, 397 00:21:04,119 --> 00:21:06,040 Speaker 1: even with like Poland and stuff like that, we saw 398 00:21:06,160 --> 00:21:09,520 Speaker 1: in Germany, which is the economic engine of Europe, factories 399 00:21:09,560 --> 00:21:13,000 Speaker 1: did have to shut down, and some factories like BASF 400 00:21:13,200 --> 00:21:14,080 Speaker 1: moved and like. 401 00:21:13,960 --> 00:21:16,240 Speaker 3: They're over in China now right and so like that. 402 00:21:16,320 --> 00:21:19,000 Speaker 1: De industrialization is a massive problem and a lot of 403 00:21:19,080 --> 00:21:21,600 Speaker 1: that may not be coming back. And so these prices 404 00:21:21,600 --> 00:21:26,879 Speaker 1: were very problematic. Prevented production fertilizer and even some food production, 405 00:21:26,960 --> 00:21:31,800 Speaker 1: et cetera. But somehow the prices of natural gas fell 406 00:21:31,840 --> 00:21:33,760 Speaker 1: through the floor and as a matter of fact, they're 407 00:21:33,800 --> 00:21:37,240 Speaker 1: sitting at twenty five year lows right now. So how 408 00:21:38,080 --> 00:21:40,760 Speaker 1: are we at twenty five year lows in natural gas 409 00:21:40,960 --> 00:21:46,840 Speaker 1: with this massive impact on the supply side of that, Well. 410 00:21:46,680 --> 00:21:51,639 Speaker 2: Again, it's a commodity and supply versus demand controls the price. 411 00:21:52,480 --> 00:21:54,639 Speaker 2: Also the fact you have to realize that prices in 412 00:21:54,680 --> 00:21:57,199 Speaker 2: Europe are still three to four times the prices that 413 00:21:57,240 --> 00:22:01,600 Speaker 2: we get in the US for the same energy. It so, yes, 414 00:22:01,720 --> 00:22:04,760 Speaker 2: they're they're at lows, but those loads are relative, if 415 00:22:04,800 --> 00:22:08,080 Speaker 2: you know what I mean. Sure, the economics involved are 416 00:22:08,200 --> 00:22:11,639 Speaker 2: are still quite quite favorable to energy development in Europe, 417 00:22:12,800 --> 00:22:15,159 Speaker 2: and I first see that they're going to stay that 418 00:22:15,240 --> 00:22:18,400 Speaker 2: way for quite a while, and in fact I think 419 00:22:18,440 --> 00:22:20,439 Speaker 2: they'll stay that way forever. But that's just me. 420 00:22:20,960 --> 00:22:23,479 Speaker 3: They'll stay that way forever. What being what higher than 421 00:22:23,560 --> 00:22:24,919 Speaker 3: the economic. 422 00:22:25,080 --> 00:22:28,320 Speaker 2: In other words, you know, the idea, of course is 423 00:22:28,320 --> 00:22:31,439 Speaker 2: if you can produce energy within your own borders, of 424 00:22:31,480 --> 00:22:35,159 Speaker 2: course your transportation costs are going to be lower, you know. 425 00:22:35,400 --> 00:22:37,480 Speaker 2: Of course, that also brings into the fact that energy 426 00:22:37,520 --> 00:22:42,480 Speaker 2: security of energy within your own borders is important because 427 00:22:42,480 --> 00:22:44,760 Speaker 2: that's a supply that you can always rely on and 428 00:22:45,119 --> 00:22:47,199 Speaker 2: nobody can close the valve on you, if you know. 429 00:22:47,200 --> 00:22:47,600 Speaker 4: What I mean. 430 00:22:48,119 --> 00:22:50,480 Speaker 1: Yeah, well, it seems like that would be a big 431 00:22:50,560 --> 00:22:53,159 Speaker 1: push for a national security, having an energy within our 432 00:22:53,200 --> 00:22:53,800 Speaker 1: own borders. 433 00:22:54,359 --> 00:22:57,040 Speaker 3: So let's talk about that. So, you know, Europe has. 434 00:22:56,880 --> 00:23:01,560 Speaker 1: Been you said, drunk on Russian energy. Ussia's Europe's kind 435 00:23:01,560 --> 00:23:04,480 Speaker 1: of become dependent on Russia for that energy. Is that 436 00:23:04,520 --> 00:23:07,920 Speaker 1: because Europe doesn't have energy, like China doesn't have energy, 437 00:23:07,920 --> 00:23:08,639 Speaker 1: you have to import it. 438 00:23:08,680 --> 00:23:10,159 Speaker 3: But does Europe not have energy? 439 00:23:10,800 --> 00:23:15,600 Speaker 2: Oh no, Europe is quite a nice energy supply. It's 440 00:23:16,000 --> 00:23:18,679 Speaker 2: not nearly at the levels of of course the major 441 00:23:18,720 --> 00:23:22,119 Speaker 2: producers like Russia and Saudi Arabia and the US, but 442 00:23:22,320 --> 00:23:25,320 Speaker 2: you know, they have significant energy supplies within their own borders. 443 00:23:25,800 --> 00:23:29,000 Speaker 2: I mean Romania for instance, has been producing oil and 444 00:23:29,040 --> 00:23:32,080 Speaker 2: gas since the early eighteen hundreds, I mean a very 445 00:23:32,160 --> 00:23:36,520 Speaker 2: very long time. So no, there are significant energy resources 446 00:23:36,560 --> 00:23:42,360 Speaker 2: within the European borders. It's just that Russia has structured 447 00:23:42,640 --> 00:23:46,800 Speaker 2: the supplies to be very very easy and kept the 448 00:23:46,840 --> 00:23:51,119 Speaker 2: price at a level which restricted the development of energy 449 00:23:51,200 --> 00:23:55,719 Speaker 2: resources within the European borders. And of course now a 450 00:23:55,760 --> 00:23:59,920 Speaker 2: new factor comes into play, not just price, but energy security. 451 00:24:00,560 --> 00:24:03,879 Speaker 2: In other words, the most secure energy supplies that you 452 00:24:03,880 --> 00:24:07,680 Speaker 2: can have, as we've talked about, are within your own borders. 453 00:24:08,560 --> 00:24:11,960 Speaker 2: And the EU has finally started to recognize this and 454 00:24:12,119 --> 00:24:16,639 Speaker 2: also recognize the fact that the transition to renewables is 455 00:24:16,680 --> 00:24:21,800 Speaker 2: going to take decades, you know, literally decades to accomplish 456 00:24:21,880 --> 00:24:25,920 Speaker 2: on any reasonable scale. So because of this, the EU 457 00:24:26,080 --> 00:24:32,159 Speaker 2: has declared natural gas green a renewable energy resource. Uh 458 00:24:32,480 --> 00:24:36,560 Speaker 2: and moving forward, that's that's a that's a critical designation 459 00:24:37,200 --> 00:24:40,879 Speaker 2: because they realize that natural gas is the cleanest burning 460 00:24:40,960 --> 00:24:45,480 Speaker 2: hydrocarbon that you can have, and that the transition to 461 00:24:45,560 --> 00:24:50,040 Speaker 2: renewables is going to rely on that energy for decades 462 00:24:50,080 --> 00:24:50,480 Speaker 2: to come. 463 00:24:50,920 --> 00:24:52,640 Speaker 3: Yeah, So that's a big piece of this, right. 464 00:24:52,720 --> 00:24:55,680 Speaker 1: So on top of it, you know, getting their cheap 465 00:24:55,800 --> 00:24:57,760 Speaker 1: energy from Russia, so not being you know, it's not 466 00:24:57,840 --> 00:25:00,720 Speaker 1: economically viable potentially to get it out of the European 467 00:25:00,760 --> 00:25:02,919 Speaker 1: Union in the EU. But also on top of it, 468 00:25:02,920 --> 00:25:05,960 Speaker 1: they had these draconian regulations in order to kind of 469 00:25:06,080 --> 00:25:10,440 Speaker 1: usher in this green transition, which was by saying that 470 00:25:10,480 --> 00:25:12,879 Speaker 1: you know, natural gas was bad, was dirty, et cetera, 471 00:25:13,040 --> 00:25:15,560 Speaker 1: wasn't approved and that way more and more could move 472 00:25:15,600 --> 00:25:18,320 Speaker 1: to this you know, renewable transition, which to your point 473 00:25:19,440 --> 00:25:22,160 Speaker 1: could take decades if it could even happen at all. 474 00:25:22,200 --> 00:25:25,920 Speaker 1: And that's a whole different conversation. But now what they're 475 00:25:25,920 --> 00:25:27,320 Speaker 1: seeing is like, hey, this isn't working. 476 00:25:27,359 --> 00:25:27,880 Speaker 3: It's not working. 477 00:25:27,920 --> 00:25:30,600 Speaker 1: In Germany, we had to turns out we had a 478 00:25:30,640 --> 00:25:33,600 Speaker 1: very low wind year in the UK and so we 479 00:25:33,680 --> 00:25:35,639 Speaker 1: need to probably go back to the natural gas. And 480 00:25:35,680 --> 00:25:38,120 Speaker 1: so they've redesignated. I think that's a big piece, right, 481 00:25:38,119 --> 00:25:41,640 Speaker 1: Because now they've redesignated it, that means like people in 482 00:25:41,680 --> 00:25:44,120 Speaker 1: the EU now could start going and getting natural gas 483 00:25:44,160 --> 00:25:45,359 Speaker 1: and bringing it back to market. 484 00:25:45,480 --> 00:25:48,439 Speaker 2: Is that right, Well, it's never really left the market. 485 00:25:48,960 --> 00:25:52,080 Speaker 2: The idea is is that you know, they've always been 486 00:25:52,240 --> 00:25:56,400 Speaker 2: powered by hydrocarbons. I mean, when you talk about a transition, 487 00:25:56,480 --> 00:26:01,159 Speaker 2: you're talking about transitioning from hydrocarbons to something else. Uh. 488 00:26:01,359 --> 00:26:04,560 Speaker 2: You know, the idea of going with wind and solar, Uh, 489 00:26:04,680 --> 00:26:07,320 Speaker 2: you know is is you know great when you think 490 00:26:07,359 --> 00:26:09,800 Speaker 2: about the idea that the sun is free and the 491 00:26:09,840 --> 00:26:12,439 Speaker 2: wind is free. But when the wind doesn't blow and 492 00:26:12,480 --> 00:26:15,080 Speaker 2: the sun doesn't shine, as you point it out, you know, 493 00:26:15,119 --> 00:26:17,159 Speaker 2: you've got to you've got to fill in the energy 494 00:26:17,200 --> 00:26:21,159 Speaker 2: with something that is reliable and constant. I mean a 495 00:26:21,200 --> 00:26:24,240 Speaker 2: lot of people don't realize that. You know, it's magic 496 00:26:25,160 --> 00:26:26,840 Speaker 2: when you flip the switch on the wall and the 497 00:26:26,920 --> 00:26:29,679 Speaker 2: light comes on. You know, there's an awful lot that 498 00:26:29,800 --> 00:26:33,919 Speaker 2: goes behind that switch and what makes that light not 499 00:26:33,960 --> 00:26:37,200 Speaker 2: only come on but stay on. You have to have 500 00:26:37,240 --> 00:26:41,360 Speaker 2: a constant supply of energy, and you know, natural gas 501 00:26:41,560 --> 00:26:45,560 Speaker 2: is the preferred fuel and the EU has finally recognized that. 502 00:26:46,080 --> 00:26:47,879 Speaker 1: Yeah, you don't want to go to turn on your 503 00:26:47,960 --> 00:26:50,080 Speaker 1: light and all of a sudden it's not working because 504 00:26:50,080 --> 00:26:52,520 Speaker 1: oh it's just not windy out right now? 505 00:26:52,640 --> 00:26:54,359 Speaker 3: It's not it's not magic. 506 00:26:54,800 --> 00:26:58,119 Speaker 2: It's not magic. You know, there's there's actual you know 507 00:26:58,280 --> 00:27:02,600 Speaker 2: actual you know, people and energy supplies and equipment that 508 00:27:02,680 --> 00:27:04,000 Speaker 2: goes to keep that light on. 509 00:27:04,560 --> 00:27:08,520 Speaker 1: Yeah, Peter Zion has done some good, good charts and 510 00:27:08,520 --> 00:27:11,159 Speaker 1: he has some charts that show where the wind is 511 00:27:11,200 --> 00:27:13,600 Speaker 1: strong enough to power wind turbines or when the sun 512 00:27:13,680 --> 00:27:17,000 Speaker 1: is sunny enough to power solar and then he maps 513 00:27:17,000 --> 00:27:19,760 Speaker 1: that out to where it's within one thousand miles of 514 00:27:21,680 --> 00:27:24,159 Speaker 1: city centers because you can't transport it very far. And 515 00:27:24,560 --> 00:27:28,320 Speaker 1: Europe doesn't look very good on the wind, wind or 516 00:27:28,440 --> 00:27:30,399 Speaker 1: sun when it comes to that. But if you're just 517 00:27:30,440 --> 00:27:32,480 Speaker 1: tuning in, you're listening to the Markmas Show, we're talking 518 00:27:32,480 --> 00:27:35,360 Speaker 1: about the energy crisis over in Europe, how is diverted, 519 00:27:35,400 --> 00:27:37,359 Speaker 1: what's going to happen next year? In ways that we 520 00:27:37,400 --> 00:27:40,119 Speaker 1: can play this. I'm sitting down with James Hill. He 521 00:27:40,240 --> 00:27:44,679 Speaker 1: is the CEO of MCF Energy, that's ticker symple MCF. 522 00:27:44,680 --> 00:27:47,440 Speaker 1: It's a company that has an innovative solution to help 523 00:27:47,520 --> 00:27:48,360 Speaker 1: this problem over there. 524 00:27:48,359 --> 00:27:50,680 Speaker 3: We're back with more and what they're doing in a minute. 525 00:27:50,720 --> 00:27:53,040 Speaker 1: Don't go away, we'll be right back, all right, Welcome back. 526 00:27:53,040 --> 00:27:55,160 Speaker 1: If you're just tune in, you're listening to the Markmas Show. 527 00:27:55,200 --> 00:27:58,920 Speaker 1: Of course, always talking about the decentralized revolution. And part 528 00:27:58,920 --> 00:28:02,160 Speaker 1: of this decentralized revue is the way it changes supply chains, 529 00:28:02,160 --> 00:28:03,560 Speaker 1: and it changes supply chain. 530 00:28:03,440 --> 00:28:05,160 Speaker 3: Specifically around energy. 531 00:28:05,440 --> 00:28:07,720 Speaker 1: This is a big deal. It's redrawing the world as 532 00:28:07,760 --> 00:28:10,159 Speaker 1: we know it. And so I'm joined today in studio 533 00:28:10,240 --> 00:28:13,760 Speaker 1: with James Hill. He is the CEO of MCF Energy 534 00:28:14,160 --> 00:28:17,480 Speaker 1: ticker symbol MCF, and he's been an energy sector for 535 00:28:17,520 --> 00:28:20,000 Speaker 1: over forty five years in the US and over in Europe, 536 00:28:20,000 --> 00:28:22,520 Speaker 1: and he's kind of trying to help us understand what's 537 00:28:22,520 --> 00:28:24,320 Speaker 1: going on so we can figure out how we can 538 00:28:24,359 --> 00:28:27,320 Speaker 1: maneuver around this when it comes to our business, our investments, 539 00:28:27,359 --> 00:28:29,720 Speaker 1: and our life because we need energy to live. 540 00:28:30,200 --> 00:28:30,360 Speaker 4: Now. 541 00:28:30,440 --> 00:28:33,200 Speaker 1: James, we've talked about, you know, the problem the supply 542 00:28:33,280 --> 00:28:35,879 Speaker 1: demand constraints. I think one of the biggest pieces is 543 00:28:36,440 --> 00:28:39,560 Speaker 1: the problem of running out of energy dependent on one 544 00:28:39,640 --> 00:28:43,120 Speaker 1: source has really dug in. Everybody sees that front and 545 00:28:43,160 --> 00:28:47,479 Speaker 1: center now from a national security perspective, from what happens 546 00:28:47,520 --> 00:28:50,680 Speaker 1: to you know, you know, your manufacturing base and things 547 00:28:50,720 --> 00:28:54,080 Speaker 1: like that. The solutions aren't very good because I sure 548 00:28:54,320 --> 00:28:56,840 Speaker 1: I suppose you can continue to import from either Katar 549 00:28:56,960 --> 00:28:59,719 Speaker 1: or the US, But again there's national security that comes 550 00:28:59,760 --> 00:29:01,880 Speaker 1: into If we don't have supplies, we have a problem, 551 00:29:01,880 --> 00:29:05,680 Speaker 1: and so we probably have an interest in securing that. Now, 552 00:29:05,800 --> 00:29:08,560 Speaker 1: the EU hasn't been getting their own energy out and 553 00:29:08,600 --> 00:29:11,080 Speaker 1: as you said, there's lots of good pockets all over. 554 00:29:11,400 --> 00:29:15,960 Speaker 1: But now with this redesignation, and then again, like I said, 555 00:29:15,960 --> 00:29:17,560 Speaker 1: the punch and the gut of realizing how big the 556 00:29:17,640 --> 00:29:19,840 Speaker 1: problem is, I could see there being a big push 557 00:29:19,920 --> 00:29:23,160 Speaker 1: and I think that's what MCF is doing, trying to 558 00:29:23,200 --> 00:29:26,360 Speaker 1: bring new natural gas markets or new natural gas to 559 00:29:26,440 --> 00:29:27,200 Speaker 1: the markets in Europe. 560 00:29:27,280 --> 00:29:29,440 Speaker 3: I mean, fill us in on how you see that. 561 00:29:31,320 --> 00:29:33,959 Speaker 2: Well, I explored to Europe ten years ago, and the 562 00:29:33,960 --> 00:29:37,240 Speaker 2: opportunities now are much much better. As you mentioned the 563 00:29:37,280 --> 00:29:40,200 Speaker 2: regulations and whatnot. Ten years ago we're a lot more 564 00:29:40,240 --> 00:29:45,800 Speaker 2: extreme and it took years literally to get a project 565 00:29:45,840 --> 00:29:52,720 Speaker 2: done and a well drilled current administrations and whatnot. We 566 00:29:52,800 --> 00:29:55,800 Speaker 2: have a partner in Austria who got a well drilled 567 00:29:55,920 --> 00:29:59,400 Speaker 2: and permitted in six months, which would have taken years 568 00:29:59,600 --> 00:30:03,520 Speaker 2: in the So there are some real changes in the 569 00:30:03,560 --> 00:30:06,880 Speaker 2: attitude in Europe and in the regulatory environment, which is 570 00:30:06,920 --> 00:30:11,400 Speaker 2: going to help us along. MCF Energy was a newly 571 00:30:11,440 --> 00:30:16,760 Speaker 2: foreigned public company to aggressively pursue projects focused on the 572 00:30:16,800 --> 00:30:21,760 Speaker 2: development of natural gas resources within Europe. As I'd mentioned, 573 00:30:21,800 --> 00:30:27,400 Speaker 2: because Europe has been drunk on energy from Russia for decades, 574 00:30:27,920 --> 00:30:33,000 Speaker 2: exploration for energy resources within European boundaries has been underfunded 575 00:30:33,000 --> 00:30:37,760 Speaker 2: and quite frankly ignored for over forty years. The wild 576 00:30:37,760 --> 00:30:41,720 Speaker 2: thing is is because of this, MCF is a first 577 00:30:41,760 --> 00:30:47,680 Speaker 2: mover on many high quality projects that have been around 578 00:30:47,720 --> 00:30:49,479 Speaker 2: for a while that just couldn't get funded. 579 00:30:50,280 --> 00:30:50,520 Speaker 3: You know. 580 00:30:51,200 --> 00:30:55,120 Speaker 2: Me being involved with the European community for you know, 581 00:30:55,240 --> 00:30:59,680 Speaker 2: over ten years has allowed me to not only be 582 00:30:59,720 --> 00:31:02,560 Speaker 2: in with a number of these projects and identify them, 583 00:31:03,040 --> 00:31:06,960 Speaker 2: but watch them just sit there and mold over the 584 00:31:07,040 --> 00:31:09,040 Speaker 2: years because there was just no funding. 585 00:31:09,440 --> 00:31:09,840 Speaker 3: Yeah. 586 00:31:09,880 --> 00:31:13,520 Speaker 2: Well, now you know, we are coming in and we're 587 00:31:14,040 --> 00:31:17,040 Speaker 2: high grading and we're picking the best projects to develop 588 00:31:17,520 --> 00:31:21,400 Speaker 2: within the European Union because, like I said, the EU 589 00:31:21,520 --> 00:31:24,720 Speaker 2: is suddenly realizing that the best energy security you can 590 00:31:24,800 --> 00:31:29,280 Speaker 2: have are those resources which you're found within their own borders. 591 00:31:29,440 --> 00:31:29,600 Speaker 3: Right. 592 00:31:29,920 --> 00:31:32,240 Speaker 2: So, as I mentioned, MCF is a first mover to 593 00:31:32,280 --> 00:31:35,760 Speaker 2: develop on these projects and it's our goal to become 594 00:31:36,320 --> 00:31:40,200 Speaker 2: the company for investments to kind of go to company 595 00:31:40,240 --> 00:31:45,440 Speaker 2: for investments in gas exploration and production in the European Union. 596 00:31:46,040 --> 00:31:48,840 Speaker 1: Yeah, so I love that it kind of goes against 597 00:31:48,880 --> 00:31:50,880 Speaker 1: you know, it's not contrary and play, which is, you know, 598 00:31:50,920 --> 00:31:52,920 Speaker 1: by what's hated sort of a thing, and so natural 599 00:31:52,960 --> 00:31:55,040 Speaker 1: gas has been hated in Europe and now we've seen 600 00:31:55,040 --> 00:31:57,120 Speaker 1: the problem from that. But also I like to play 601 00:31:57,160 --> 00:31:59,320 Speaker 1: the trend, and so we're kind of at this interesting point. 602 00:31:59,160 --> 00:32:00,760 Speaker 3: Where it's ill kind of. 603 00:32:00,720 --> 00:32:04,640 Speaker 1: Hated, but yet the EU just changed the designation and 604 00:32:04,720 --> 00:32:07,160 Speaker 1: so now we have the trend on your side as well. 605 00:32:07,200 --> 00:32:07,720 Speaker 3: I like that. 606 00:32:08,560 --> 00:32:10,720 Speaker 1: You know, I had met How this got onto my 607 00:32:10,800 --> 00:32:12,920 Speaker 1: radar and why this kind of set up this interview 608 00:32:13,160 --> 00:32:16,280 Speaker 1: is I was at a Vancouver resource investor summit speaking 609 00:32:16,560 --> 00:32:19,760 Speaker 1: and I met Ford, and Ford is one of the founders. 610 00:32:20,520 --> 00:32:23,000 Speaker 1: He's had, you know, I think like three billion dollar 611 00:32:23,040 --> 00:32:25,720 Speaker 1: exits in the in the energy market, specifically over in Europe. 612 00:32:25,960 --> 00:32:28,720 Speaker 1: And then I mean you have General Wesley Clark from NATO, 613 00:32:29,280 --> 00:32:32,280 Speaker 1: NATO Supreme Commander. I think he's knighted or something like 614 00:32:32,320 --> 00:32:35,080 Speaker 1: that over there. So massive connections over there. Is that 615 00:32:35,120 --> 00:32:37,120 Speaker 1: a big piece of how you think you're actually able 616 00:32:37,120 --> 00:32:38,640 Speaker 1: to pull this off over in Europe. 617 00:32:38,680 --> 00:32:41,880 Speaker 3: Connecting all those well, and that's a big part of it. 618 00:32:42,360 --> 00:32:48,320 Speaker 2: Ford Nicholson and and Wesley in general, Wesley Clark, I've 619 00:32:48,320 --> 00:32:50,880 Speaker 2: been involved with them in my last two ventures and 620 00:32:50,960 --> 00:32:52,960 Speaker 2: oh well I knew them well, yeah, I knew them 621 00:32:53,040 --> 00:32:57,000 Speaker 2: very very well. And the other the other people involved, 622 00:32:57,120 --> 00:33:00,000 Speaker 2: which you're also very very large players in the energy 623 00:33:00,080 --> 00:33:04,600 Speaker 2: in mineral markets. You know, these are publicly available names, 624 00:33:04,800 --> 00:33:10,960 Speaker 2: Gordon keep and and also you know a number of 625 00:33:11,000 --> 00:33:16,600 Speaker 2: other you know, noted, noted energy investors you know, are 626 00:33:16,640 --> 00:33:23,560 Speaker 2: are involved with MCF Energy and really if they had 627 00:33:23,640 --> 00:33:27,520 Speaker 2: not been involved with this, I wouldn't be involved with it. 628 00:33:29,160 --> 00:33:32,160 Speaker 2: You know. Frank Schuster, for instance, owns over ten percent 629 00:33:32,160 --> 00:33:35,440 Speaker 2: of our company. Yeah, you know, he's a big, big investor. 630 00:33:35,480 --> 00:33:39,080 Speaker 2: In fact, from the numbers that I last saw, over 631 00:33:39,160 --> 00:33:42,680 Speaker 2: seventy percent of the shares of MCF Energy are held 632 00:33:42,720 --> 00:33:47,000 Speaker 2: by insiders. So you know, they believe in what we're doing, 633 00:33:47,120 --> 00:33:49,200 Speaker 2: and they believe that we can have an impact on 634 00:33:49,320 --> 00:33:52,760 Speaker 2: the energy market, you know, not just within Europe but 635 00:33:53,080 --> 00:33:56,880 Speaker 2: in other areas. But we're focused on Europe at the 636 00:33:56,920 --> 00:33:59,280 Speaker 2: moment because that's where the need is. You know that's 637 00:33:59,320 --> 00:34:01,320 Speaker 2: where the opportunities are. 638 00:34:02,840 --> 00:34:06,960 Speaker 1: So you know, it seems challenging, but I guess, like 639 00:34:07,000 --> 00:34:09,319 Speaker 1: you said, with this redesignation, it starts to open this up. 640 00:34:09,360 --> 00:34:11,880 Speaker 1: Now you said, now there's funding there. So the goal 641 00:34:12,040 --> 00:34:14,920 Speaker 1: is I guess and you tell me, but is to 642 00:34:15,080 --> 00:34:17,080 Speaker 1: kind of connect some of these natural gas resources and 643 00:34:17,080 --> 00:34:20,239 Speaker 1: get it flowing from within the European Union directly. And 644 00:34:20,280 --> 00:34:23,000 Speaker 1: I think you're working in Germany and Austria. 645 00:34:23,080 --> 00:34:23,600 Speaker 3: Is that correct? 646 00:34:23,640 --> 00:34:25,760 Speaker 1: And so if Germany can get its own natural gas 647 00:34:25,800 --> 00:34:28,920 Speaker 1: in Germany, it can sort of insulate its manufacturing sector 648 00:34:28,960 --> 00:34:30,480 Speaker 1: and potentially save itself. 649 00:34:30,560 --> 00:34:32,239 Speaker 3: I mean, is that kind of what the goal is? 650 00:34:32,239 --> 00:34:35,080 Speaker 2: Well, what's the plan? Yeah, yeah, that's the idea. Well, 651 00:34:35,280 --> 00:34:38,200 Speaker 2: the plan is to do just that. I mean, we're 652 00:34:38,239 --> 00:34:42,680 Speaker 2: reviewing projects in not just Germany and Austria, but all 653 00:34:42,719 --> 00:34:46,440 Speaker 2: over the European theater. We've gone as far east as Azerbaijan, 654 00:34:46,600 --> 00:34:50,040 Speaker 2: as far west as Spain. We've looked at projects in 655 00:34:50,560 --> 00:34:54,680 Speaker 2: offshore UK, and we've also looked as far south as 656 00:34:55,080 --> 00:34:58,760 Speaker 2: North Africa, with the idea that the pipeline's going across 657 00:34:58,800 --> 00:35:02,400 Speaker 2: the med will get energy into Europe. The two projects 658 00:35:02,440 --> 00:35:05,880 Speaker 2: that you're referring to well. The first one in Austria 659 00:35:06,040 --> 00:35:09,560 Speaker 2: is a very very large geologic structure called an anacline 660 00:35:10,080 --> 00:35:12,680 Speaker 2: that you can see from space. I mean, this thing 661 00:35:12,760 --> 00:35:16,400 Speaker 2: is massive. It's over one hundred square kilometers. There's gas 662 00:35:16,400 --> 00:35:18,320 Speaker 2: in the area. There's an old well that was drilled 663 00:35:18,320 --> 00:35:22,120 Speaker 2: to produce gas. We're going to step up higher on 664 00:35:22,160 --> 00:35:26,440 Speaker 2: the structure and drill a well here, hopefully by this September, 665 00:35:26,920 --> 00:35:30,360 Speaker 2: which could prove up half a trillion cubic feet of 666 00:35:30,440 --> 00:35:35,200 Speaker 2: natural gas and even more if the conditions are there, 667 00:35:35,760 --> 00:35:39,920 Speaker 2: which of course could have a good impact on the 668 00:35:40,040 --> 00:35:43,920 Speaker 2: energy scene in Austria. We're only eighteen kilometers from a pipeline, 669 00:35:44,000 --> 00:35:46,480 Speaker 2: so the idea is is that you know that we 670 00:35:46,520 --> 00:35:50,719 Speaker 2: can bring that gas to market pretty quickly. Our German assets. 671 00:35:50,960 --> 00:35:55,800 Speaker 2: We actually purchased a privately held German company called Genexco, 672 00:35:56,520 --> 00:36:00,680 Speaker 2: not because just for the gas resources which they have, 673 00:36:00,840 --> 00:36:04,359 Speaker 2: which they've got between eighty five to one hundred bcf 674 00:36:04,440 --> 00:36:09,759 Speaker 2: of proven natural gas resources, but also for their prospect inventory. 675 00:36:11,480 --> 00:36:14,880 Speaker 2: You know, the staff of gen Xico had been exploring 676 00:36:15,560 --> 00:36:18,440 Speaker 2: Germany for almost forty years, so they kind of sort 677 00:36:18,480 --> 00:36:20,319 Speaker 2: of knew where all the bodies were buried. If you know, 678 00:36:20,360 --> 00:36:24,840 Speaker 2: what I mean, and we've got we've got four or 679 00:36:24,840 --> 00:36:30,120 Speaker 2: five concession applications in right now to the ministries for 680 00:36:30,320 --> 00:36:34,400 Speaker 2: additional resources which will be developing within Germany. So it's 681 00:36:34,800 --> 00:36:39,560 Speaker 2: as I mentioned, it's a it's a prospect rich environment 682 00:36:39,920 --> 00:36:44,080 Speaker 2: with some very very good prospects and we're we're focusing 683 00:36:44,320 --> 00:36:48,160 Speaker 2: a lot of our effort in these areas to bring 684 00:36:48,200 --> 00:36:50,720 Speaker 2: a quick return in other words, you know, a quick 685 00:36:51,000 --> 00:36:55,560 Speaker 2: high impact to to the market and and also create 686 00:36:55,760 --> 00:36:57,360 Speaker 2: a lot of shareholder value. 687 00:36:57,960 --> 00:37:00,680 Speaker 3: Yeah, well we need a quick solution, that's for sure. 688 00:37:01,080 --> 00:37:03,040 Speaker 1: Now, if you've just been tuning in you're listening to 689 00:37:03,080 --> 00:37:05,960 Speaker 1: the Mark Mass Show, we've been sitting down with James Hill. 690 00:37:06,000 --> 00:37:08,920 Speaker 3: He is the CEO of MCF Energy. 691 00:37:09,000 --> 00:37:12,799 Speaker 1: The ticker is MCF and they have a solution for 692 00:37:12,920 --> 00:37:15,720 Speaker 1: the natural gas or just the energy problem over in Europe. 693 00:37:15,960 --> 00:37:18,680 Speaker 1: Check them out on their website for more information. They're 694 00:37:18,680 --> 00:37:21,600 Speaker 1: doing amazing things. I'm paying attention to them and you 695 00:37:21,719 --> 00:37:26,560 Speaker 1: should as well. Again, that's MCF Energy, ticker symbol is 696 00:37:26,680 --> 00:37:28,040 Speaker 1: MCF and that's what I got for you today. 697 00:37:28,040 --> 00:37:28,960 Speaker 3: Thanks so much for listening.