Spread the wealth!
Episode Stats
Words per Minute
171.58185
Summary
In this episode, we sit down with Jeff Calloway, CEO of Energized Natural Resources, on the floor of the Global Energy Show in Calgary, Canada. We talk about the importance of the free market in the oil and gas industry, why Western Canada should be pro-OPEC and pro-Alberta, and why the Wild Rose Party is the best party in Alberta.
Transcript
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I'm here with the CEO of Energized Natural Resources, Jeff Calloway, here on the floor
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of the Global Petroleum Show in Calgary. Before we get started, just a disclaimer,
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Jeff is also Chairman of the Board of Directors for the Western Standard.
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So if you're looking for this to be entirely objective and hard-hitting and gotcha,
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it's probably not it. We're not going to eat up the Chairman of our board for the work he does.
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He was also President of the Wild Rose Party for years ago, for probably a majority of that party's history.
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I was the majority. I literally wrote the business plan.
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It had some challenges, as any business does, but it was literally like writing a business plan for a party.
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There were some challenges, obstacles, but we overcame them.
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And now, ultimately, the leader of the Wild Rose Party is the Premier of this province.
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All right. Well, we're here, I guess, not to chat politics directly, but
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what your company, Energized Natural Resources, is doing with the Global Energy Show here,
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this is, there's a lot of really, like, the biggest players on the planet are here.
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This morning, we had the President or Chairman of OPEC.
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Quebec gets the cheese cartel, don't we get the oil cartel?
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Yeah, we, as a, you know, Western Canada, we kind of fought from getting out under one cartel,
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I'm not sure we actually want to join another cartel here in Alberta.
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I mean, the free market is so key, and it brings in and involves so many Albertans in this province,
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actually Western Canadians into the industry and involves someone, and it spreads the wealth out across, right?
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So it's not like, you know, you've got a few very rich people in the elites in some countries,
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like we see in the energy industry in the world.
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Whereas you spread that wealth out across Albertans, and Albertans really see that, you know, manifesting itself.
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Yeah, actually, you know, literally, the subsidiary of my company, the operating subsidiary is called Clamp-It,
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after the Beverly Hillbillies, and, I mean, I inherited that when I bought the company.
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But, hey, there's a story about just some regular folks that shot a hole in the ground
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and found some bubbling crude and, you know, created a great life for themselves.
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Well, we'll refrain from singing the whole song here.
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All right, so there are the very biggest players in the world.
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I think there's only one bigger one in the world that might be Houston.
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I think they also are the ones who beat us for biggest rodeo in the world.
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Well, you know, funny enough, though, in a different entity, I was actually in Kazakhstan,
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It was probably a third Chinese and half Russian.
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Because that was about the only place the Russians could go.
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I guess the Russians are really the only ones you don't see here.
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So, this was kind of a roundabout way of getting to...
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What's the value of a junior oil and gas being it here?
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Because there's so many of these gargantuan international players, big national and North
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So, you know, obviously there's vendors here that cater to very large installations, very
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big plants, big midstream operations, big pipeline companies, you know, pipes, valves,
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But then there's a number of other players here, too, that like I just had a conversation
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outside the Western Standard booth here with on some well monitoring equipment using
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So, you know, key for us as a smaller company is, you know, runtime, efficiency, reliability
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And so, you know, he had some interesting ideas on how to, you know, preemptively monitor
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in case your wells go down or before your wells go down, actually, sensing those things.
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Because it's obviously much cheaper to preemptively fix something than to have to fix your PCP pump
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down hole or whatever the issue may end up arising.
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There's even some Bitcoin mining people here, too.
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Yeah, actually, I met one of the Bitcoiner guys.
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I mean, that's something a lot of people don't know about.
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And you, for until extremely recently, all you could do was flare it, which the environmentalists
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And businessmen don't like either because it's wasted energy.
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Now it's being channeled into generators to mine Bitcoin on the site.
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Like, I can't think of anything more freedom than that.
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And frankly, it's something that, like, myself and for our company, we're looking at.
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We just use a bit of our gas for fuel, like for pump jacks and drive engines and that and
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But, you know, as we do a little more drilling, we're going to end up with a little more gas.
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And as we get a little more gas, okay, now what are we going to do with the gas?
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And, you know, it makes a lot of sense to, you know, bring in some generators and first,
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Power prices are pretty low in Alberta right now.
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But they, a couple of years ago, they were very high.
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So if you can insulate yourself from A, power costs, and then B, turn it into a revenue
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stream, you know, and you're starting to sell Bitcoin, partner up with them.
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There's all kinds of different structures that they work with.
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You know, that's something that's pretty compelling.
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And it's being deployed in Alberta right now for a lot of the more entrepreneurial companies.
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I mean, that's, that was just, to be honest, that was probably the primary thing that I
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Is it, it's, you're primarily here for kind of the exhibitor side, like these, I think,
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how is it, four to five giant exhibitor halls here?
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Is that mostly what you're doing is on the exhibitor side?
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Yeah, well, I'm just, I'm wanting to come and check out, you know, see new technology,
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see what other people in the world are doing, seeing if there's something interesting here.
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You know, I was here last year for the, for the first time, actually, and I kind of saw
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So I want to, you know, follow up with them, you know, as things evolve in our business,
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So, you know, beyond that, there's, yeah, and then it's just kind of networking too,
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is you, you know, you run, run into a few people you maybe haven't seen for a while.
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I mean, obviously I have my political background, so, you know, we're falling over.
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Is it all wild rolls are walking behind you right now as you speak?
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But, yeah, no, you run into a lot of folks, you know, you may be, you know,
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you're busy with your company and so you haven't seen them for a while.
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And, I mean, I've been out of politics for a number of years now.
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So it's kind of interesting to run into some of these folks again.
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So, but, I mean, tomorrow we've got, you know, Danielle Smith, I guess, is speaking,
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And, yeah, you know, it's great to have, obviously, and there's an Alberta booth here,
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you know, which is great to see, you know, that emphasis, you know,
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You know, it would be really wonderful, I think, if we had someone from the federal government here.
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Actually, in about 10 minutes, I've got the former NDP energy minister, Mark McQuaid Boyd, here.
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And she was actually way better as an NDP energy minister, and I'm meaning this lightly,
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because I think she was not aware of the file before she became minister.
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She didn't come with all those NDP prejudices to the job.
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She worked within the NDP confines of things, but less crazy than you'd think.
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I think she's worked for Council Public Affairs.
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Oh, in fact, the closest thing we have to the federal government...
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Actually, we do have a representative of the Liberal cabinet here.
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I can say, just, you know, standing here waiting to do this interview,
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Our next interview here, we were just talking about her,
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Margaret Quaid Boyd, former Energy Minister of Alberta.
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But, yeah, people have been asking for a dartboard over there.
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I was like, we're going to get accused of being violent or something.
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I was like, no, no, no, you can just sit here and hurl insults.
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You're supposed to take a picture with him, but...
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I think if he actually started, like, bidding for charity, or, like, a bid for charity,
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high bid gets to, like, you know, do something with a statue, that's probably a good idea.
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You'd probably turn it into a pretty big fundraiser.
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I have no comment to what you've just said, and I think you'd realized after you said what you said
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There's an island where I think they said that, too.
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I'm going to cut it off there before we get the cops at our door.
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That's Jeff Calloway, President and CEO of Energize Natural Resources.