Dan Pickering
speaker
61 appearances
7 recordings
3 series
first heard Jan 2026
last heard 30 Jun
Dan Pickering’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in Jun 2026 with 2.
Appearances
Essentially, what you're doing is digging a big trench in the ground, laying massive imagined pipelines that are bigger than you can reach around in the ground and moving that over, you know, hundreds and thousands of miles.
get landowner approval, dig those trenches, get all that pipe imported, laid in the ground from one end to the other, welded it together, covered back up so that the earth is as it was before.
Certainly lots of steel and lots of construction work, lots of welding.
They do tend to create jobs, albeit temporary.
In 2025, West Texas Intermediate oil prices averaged $65 a barrel.
So far in 2026, they've averaged about $85 a barrel.
In other words.
These guys are selling a product that's gone up, you know, a third in value year over year.
And so they are making a lot more money by simply doing more of the same.
Across the barrel, across the product suite, prices have risen.
You don't pay the duty and tariffs at that point in time.
We have a site in Duncan that is approved as a U.S.
foreign trade zone, and all of our manufacturing operations are within that foreign trade zone.
I mean, maybe you want to bring in some material and hold it because you don't know if they're going to go up.
Let's say I'm trying to buy a million barrels of crude oil.
I had a contract from a producer in the Middle East, but that oil is tied up in the Strait of Hormuz.
So I need oil now on the spot market for a lot more money.
Joe DeLora is with Rabobank.
well above the on-paper prices being set by Wall Street types.
It's this tension between what financial markets think is going to happen with the war versus what it's like to actually get oil in the physical market today.
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