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Jack McClendon

πŸ‘€ Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

important factor than whether or not there's 50,000 acres in Wyoming that are now open for drilling that weren't open for drilling.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Well, I don't belong to any country clubs in Fort Worth.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

But yeah, I'm going to try to use my words carefully here.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Of course, I understand.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

There's no surprise that most of the oil production in this country is done in Republican states, right?

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

I mean, Texas, Oklahoma, Louisiana.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

I mean, New Mexico, I guess, is a democratically run state.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

The parts of New Mexico where the oil is produced are very, very conservative.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

And so, yeah, you know, I would tell you the politics are tricky because obviously oil country overwhelmingly supports Trump.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

But I also think, you know, behind closed doors, there's a lot of frustration in the industry of, you know, Trump, you know, actively kind of trying to jawbone oil prices down.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

You know, I think that.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

There are a lot of people that wish that, you know, as I said, I hate to kind of bring Landman back up, that we could just kind of find some happy price equilibrium, right?

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Whether it's, you know, 70 or 75, you know, not 55 or 50, which I think was kind of what they said as their target price, but, you know, not 90 or 95, which is a price that, you know, hurts demand.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

And so, yeah, I mean, the politics are, you know, the overwhelming majority of the oil industry is Republican and conservative, right?

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

But yeah, I think a lot of people are very frustrated by some of the administration's rhetoric and policies over the last year.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

I could see it.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

No interest in politics right now, as anybody would tell you.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Yeah, I've got young kids and working on growing a business.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Yeah, I get it.

Odd Lots
Jack McClendon on Why It's So Hard to Create a New American Oil Boom

Politics is increasingly a pretty nasty game, especially in a country as polarized as ours.