Dan Pena

But the real, the big money, the guys like you, they're investing in water.

That much water will cost more than a barrel of oil 15, 20 years from now.

The big money, this is what they're investing in.

I know not what this podcast is about, but I mean, so, but, and it's producing reserves are the ones that they normally use.

But in Saudi Arabia, it costs about $1.40 to get a barrel of oil from under the ground to the surface.

Buck 40.

Buck 40.

Call it two bucks.

Call it two bucks.

Okay.

And East Texas, it costs about 50 bucks.

And the Gulf of America, formerly the Gulf of Mexico, it costs about 120 bucks.

In the North Sea, it costs about 200 bucks.

And it's a buck 40.

How is that possible?

Because you can pick up the oil with your hand.

When J. Paul Gideon founded oil in Saudi Arabia back in the late 20s, early 30s, he was looking for water.

And this ugly black shit that kept coming out, the Bedouins out there, what is this stuff?

And then, of course, he got rich, and then he wouldn't pay ransom for his kid or grandson.

He'd get a million bucks each.