December 13, 2025 • 45 mins
In this hard-hitting episode of Rob McConnell Interviews, Rob welcomes Dennis Pinigis, author of It’s The Price of Oil, Stupid, for a blunt and revealing look at how global energy markets quietly shape world affairs far more than politicians care to admit. Pinigis exposes the hidden economic forces, geopolitical maneuverings, and industry-driven agendas that determine everything from foreign policy to consumer prices at the pump. With clarity and unapologetic candor, he argues that many of today’s biggest political conflicts and economic crises trace back to one simple truth: the world still runs on oil, and those who control it control the narrative. This conversation delivers sharp insight, startling revelations, and a breakdown of the oil game that every listener needs to understand.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
The Xzone Radio Show with Rob McConnell is largely an
opinion talk show. All opinions, comments, or statements of fact
expressed by Rob McConnell's guests are strictly their own and
are not to be construed as those of The X
Zone Radio Show or endorsed in any manner by Rob McConnell,
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(00:25):
employees or advertisers.
Speaker 2 (00:35):
All hit Welcome to the X Zone, a place where
fact is fiction and fiction is reality.
Speaker 3 (00:52):
Now here's your host, Rob McConnell. Welcome back everyone. This
is the Xone. My name is Rob McConnell, coming to
you from our studios in Hamilton, Ontario, Canada. One eight
hundred and six ten seven zero three five is my
toll free worldwide number. Our website www dot xon Radio
tv dot com, on MSN, messenger, Xon Radio TV at
(01:15):
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dot com. Don't forget This coming weekend, the July August
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and don't forget. You can get all the xone merchandising
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Paragators TV Show at our store at www Dot xone
store dot com. As everybody knows, the price of gas
(02:00):
seems to be going up, up, up up, and it
seems that North Americans are becoming numb to the higher
gas prices. And what do we really need to do
to change that? Well, my guess this hour, Dennis Penages
is going to help us try and understand this. And Dennis,
(02:22):
first of all, I want to thank you very much
for joining us here in the x soone And what
is happening with the price of gas these days? Why
does it keep on going up, then it goes down,
then it goes up, then it goes down. It's worse
than a yo yo.
Speaker 4 (02:35):
Well, there's a lot of different factors. Rob And first off,
thanks for having me on your show. My pleasure, and
I really like the music Drive My Car, I mean,
very appropriate for the topic that we're going to talk
about today. But it is a yo yo and it's
very volatile, and there's a lot of different reasons that
I'm sure we'll get into it. It can get kind
(02:57):
of complicated, and I'll try to try to simplify it
for folks as much as I understand it for those
listening now, go on, swir Yeah, I'm just saying the
probably the big reason for the volatility is the oil.
We're producing about eighty eight million barrels of oil a
(03:18):
day in the world, and we're that about at our
maximum production capability. And I think the oil markets know that,
the world market knows that, and so we're we're bouncing
up on the limit. But the problem is we've got
the developing worlds such as China, India. You know, there's
(03:38):
two point four billion people there that want oil and
cars and that kind of stuff, and right there's only
so much oil to go around. So we're going to
continue to see the volatility. We're going to continue to
see the price spikes. We're in a little bit of
a reprieve right now, thank goodness. But even now, with
everything that's happened in the world and with Europe kind
of unraveling somewhat. You know, oils are still at ninety
(04:02):
dollars a barrel, which is a surprise to me that
it would just continue to spell. It's not really a surprise,
but it's just staying high, and it's really affecting the
economies of the world in many, many ways.
Speaker 3 (04:14):
Now, you know, you yourself graduated from West Point with a
master's degree in environmental engineering as well as that was
at UCLA. You're the author of It's the Price of
Oil Stupid, and and you know you've been coined as
an energy activist by members of the media. You also
led a protest rally in the summer of twenty eleven,
(04:36):
and you're also going to be moderating an energy debate
on September the eighth in Carbondale, Illinois. Let me ask
you this, if all the if all the companies and
all the scientific minds and the engineering minds got together
at a big round table and said, all right, let's
solve the energy crisis. Let's get into alternative fuel. Why
couldn't that be done and then we wouldn't have these problems.
Speaker 4 (04:59):
Well, it's not that it can't be done, it's we've
got plenty of choices. We just haven't made a choice. Yeah,
and it's it gets you know, I hate to say
it gets complicated, but it does. And when you start
talking about actually solving problems in our country, then you
start talking about politics and the factors of politics that
(05:21):
enter into the decisions. And unfortunately, what we've got right
now is a system where there's there's two parties that
basically argue with each other, and so when the good
ideas come out, it's almost hard to filter through the
good ideas because the other side is so used to
arguing against the other sides ideas that it just turns
(05:41):
into this mess.
Speaker 3 (05:42):
And well, why don't we do this, Why don't we
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Speaker 3 (08:47):
I see what happened on the computer of that song
by Marty Robbins is a white sports code and a
pink carnation, but on the computer it's popped up as
a white sports code and a pink car. Well that
explains that. My guess this our exonation is is Dennis
(09:08):
Pinages and his website is www. It's the Price of
Oil Stupid dot com. He's the author of It's the
Price of Oil Stupid. So why why can't we just
get rid of fossil fuel, go with the alternative fuels
and and and the crunch on on energy that's got
everybody by the throat and the short and curlies.
Speaker 4 (09:28):
Well, I looked at that in my book, and one
thing you got to understand is fossil fuels are such
a huge part of the energy consumption in the world.
Fossil fuels account for eighty six percent of the energy
that we use in this world. And trying to replace
eighty six percent of the energy pie as I like
to call it, is huge. And I looked at just
(09:53):
replacing fossil fuels and generating electricity, and I did a
you know, equation in math and try to figure out
what it would take and how many windmills it would
take or in what type of effort we're talking about.
And I calculated it, and I compared the windmills to say,
the Chrysler building in downtown Manhattan, which most people are
(10:16):
more familiar with, and you know, it would take the
equivalent of a Chrysler building being built every day for
the next ten years to replace the coal that we're
using for generating just electricity. The scope of what we're
talking about is enormous, and that's what people really don't
(10:41):
It's hard to get your hands around how big a
problem we're really talking about and how much energy we're
going to have to replace from our fossil fuels.
Speaker 3 (10:49):
Oh right, but what happens if tomorrow, excuse me, what
happens if tomorrow that there's no more oil, there's no
more fossil fuel, We're going to have eighty percent of
the electrical eighty percent of the energy gone. What happens, Well.
Speaker 4 (11:06):
That, first of all, that's not going to happen. I mean,
it's pretty well calculated using science, geologists and petroleum engineers
and that kind of stuff. How much oil is actually
out there. We know how much oil is out there,
and we have a pretty good idea, you know, how
much we can get out of the ground, so that
that's not going to happen. We have time, but the
(11:27):
problem is we're wasting time. We've wasted so much time already,
and that's why I really got involved with this. I
was getting so frustrated that we were there's no real
energy policy, there's no real plan, there's no real awareness
of the public of how much we need to do
to be able to replace the fossil fuels, and that
we're talking about oil, which is the main one we use,
(11:50):
which is about thirty eight percent of the energy we
consume is from oil, and then there's pole and natural gas,
which are around twenty five percent each. So it's just,
you know, there's so much to do, and that's what
I'm trying to do by writing the book and by
leaving a gas price protest rally. We've got an energy
(12:11):
debate coming up here in September in southern Illinois, so
we're trying to raise awareness on this issue.
Speaker 3 (12:17):
Now, why does the price of gas keep going up?
Speaker 2 (12:21):
Now?
Speaker 3 (12:22):
I can't understand this. I know that the amount of
tax that is put on the petroleum industry is ridiculous.
You end up paying tax on top of tax, on
top of tax on top of tax. The government is
making a small fortune now they're making a big fortune
on it. So how can the industry if it would
want to change that so the price of gas would
(12:43):
be more consumer friendly.
Speaker 4 (12:46):
Well, that's where there's a lot we could do. But
it's not just about gasoline. It's about energy in its entirety. Okay,
here's what I would like to see. I would like
to see more of a whole sale shift towards nuclear
energy for electricity. And if we set a goal in
(13:07):
this country of generating ninety percent of our electricity from
nuclear power within the next thirty years. First of all,
that would free up a lot of our fossil fuels, right,
and then what we could do is not a lot
of people know this, but you can take coal and
coal we have in abundance in this country. We have
(13:29):
so much coal in this country. You can convert coal
into oil. Oil you can convert into gasoline and diesel
and that kind of you know, for transportation fuels. So
number one, we free up coal and get it, get
it out of the electricity generation, and then use coal
converted into oil for our transportation fuels.
Speaker 3 (13:51):
All right, so we've got transportation fuels we have, Well,
let's see diesel as a transportation fuel. Gasoline, you've got
the the jet fuel and the jet petroleums, the avionic petroleums,
and then you've got all these spinoff industries that depend
heavily on the petroleum industry and the fossil fuel industry.
And I can just think of the chemical industry as
(14:14):
one of them.
Speaker 4 (14:16):
Sure, chemicals, plastic, you know, plastics come from petroleum, fertilizer. Heck,
even bubblegum, toothpaste processed out of petroleum. I mean, look
around you in your office or in your car, wherever
you're at. A lot of those things are made out
of petroleum. We really do rely on fossil fuels, in
(14:38):
particular oil so much for our daily lives and for functioning.
And the truth is this oil is not going to
be around forever, and we're going to have to figure
a way to transition away from it while not being
on this economic yo yo that we've been on with
the price of oil. It's you know, it's like I said,
it is frustrating. But there are things we could do.
(14:59):
But number one I think we need to do is
we need to raise awareness. We need to raise awareness
of the scope of the problem that we're dealing with,
and we need to get people talking. We need to
get our politicians talking about in our government, you know,
people like yourself and other talk shows and people around
their kitchen table and ask what are we really going
(15:20):
to do to help this transition away from fossil.
Speaker 3 (15:24):
Fuels one eight six ten, seven zero three five worldwide
toll free, email x own or xone radio TV dot
com on Mson messenger x on radio TV at hawkmail
dot com, at our website www dot Xon radio TV
dot com. So what you're saying to me, Dennis, is
that we are not running out of oil and we
(15:45):
shouldn't be afraid.
Speaker 4 (15:48):
Well, it's running out of oil. I mean, that's one
way of putting it is. There's only so much oil
in the ground right now. This oil was formed tens
of millionllions of years ago. Most of it was formed
in what were then shallow seas, back when the world
was much warmer, the water level was much high. There
(16:10):
is very little polar ice caps. So let's say most
of the state of Texas was underwater. The eastern part
of Saudi Arabia was all underwater. It was a shallows.
Speaker 2 (16:22):
Hell.
Speaker 3 (16:22):
Were you there? It looks like we lost, Dennis. Ex
O Nation stand by and we'll get them right back. Dennis,
are you there? Okay, it seems that we've lost him. Craig,
let's get our guests back. Okay, all right, exponation. Craig
was able to get Dennis back, and I'm sorry about that. Dennis.
Looks like somebody didn't want you to spill the beans
on the oil industry.
Speaker 4 (16:43):
Yeah, it was no conspiracy theory.
Speaker 3 (16:45):
Yeah, yeah, all right, So go on with what you
were saying, you know, like because you know, you hear
so many different stories that you know, the oil, the
fossil fuel is going to be depleted, We're going to
run out of oil. That the depletion of the oil
or the withdrawal of the oil out of the Earth
is causing the movement of the tectonic plates worse than
they've ever been four So what is a person to believe, Like,
(17:08):
we're not engineers, you.
Speaker 4 (17:09):
Are, Yeah, Well, the truth is there's only so much
oil to go around. It was foured millions and millions
of years ago. And we've tapped into a lot of
the super big oil fields that are out there, in
particular in Saudi Arabia and a few other countries, and
we've tapped in and we've been tapping in for a
(17:31):
long time. And so what we're doing is we're transitioning
to newer oil fields that aren't as big as the
ones that we're replacing, and there most of them are
in more difficult conditions. And for example, off the coast
of Brazil, there's about forty three billion barrels of oil.
That's a lot of oil. It's not as big as
oil fields in Saudi Arabia, but it's a lot of oil.
(17:54):
But it's also under about six thousand feet of water,
and the oil is about seventh thousand feet underneath the
bottom of the ocean. So getting at that oil is
incredibly complex and very difficult and very expensive. So it's
it's driving up the cost to get at the oil.
And then, like I was talking about earlier, the ability
(18:18):
to get the eighty eight million barrels of oil a
day out of the earth, it's getting harder and harder
to do.
Speaker 3 (18:25):
You know, a lot of people when they think about petroleum,
you know, research and looking for the next Well, the
BP oil disaster in the Gulf still as fresh in
many mines, and a lot of people are saying, okay,
we need to take a second look at oil exploration.
Speaker 4 (18:42):
Well, I don't blame them. I mean, I was as
frustrated as anybody. I hated seeing that oil coming up
in the ocean, and I hate to see the environmental
effects of it. But the truth is we're hooked on oil.
It's not going to go away. We expect to drive
up to the gas pump and be able to put
gas lean in our vehicles or diesel in our trucks
or whatever, and and live about our day, you know,
(19:05):
in a normal manner. So we're gonna and the problem
is a lot of the big oil reserves now are offshore,
and so we're going to have to go after them,
you know, going after them safely, of course is our priority,
right but we're going to be going after them, and
there's always going to be risks, and there's always a
chance for uh a disaster or leaks or you know,
(19:28):
problems for the environment. But I don't think we're going
to stop using oil. It's just not going to happen.
Speaker 3 (19:35):
You know, when we think about oil disasters, where you've
got the exon Valdis and like I said that, the
disaster in the Gulf of Mexico, there was an oil
spill just near the Alberta Tar Sands a couple of
weeks ago, and then you've got the planning of this
massive pipe going all the way from the oil sends
down into the United States. I understand the the the
(19:56):
financial connection all the way around when it comes to
oil exploration as well as the selling of the various products.
But there has to come a time when government and
environmental groups and John Q public gets together and say, hey, listen,
what's more important our dependency on fossil fuel and petroleum
(20:16):
or saving this planet. You and I will be back
on the other side of this commercial break with the
news at the bottom of the hour. Dennis, please stand
by x O Nation. I guess this hour is Dennis Pinages.
His website is www dot It's the Price of Oil
Stupid dot com and that's also his books title, It's
the Price of Oil Stupid. We'll be back on the
(20:38):
other side of this commercial break with the news as
the X Zone continues with yours truly, Rob McConnell from
our studios in Hamilton, Ontario, Canada. Don't go away.
Speaker 2 (20:50):
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Speaker 3 (23:21):
Here you go, there's an idea, let's get a magic
Carpet's that way there, We don't have to go and
stop the gas pumps and pump oil into the magic carpets.
Explanation I guess this hour is Dennis Pinag just his
website is www dot It's the price of oil stupid
dot com denna. So you know now it seems that
oil exploration is looking at the Arctic region and you've
(23:41):
got different countries claiming different sovereignty. It seems like this
the Arctic is going to turn into one heck of
a political standoff before the oil exploration never starts.
Speaker 4 (23:55):
Yeah, that'll that'll be really interesting and it'll be I'm
anxious to see how that's gonna going to play out
with some of the you know, we're kind of going
back to the nineteenth century with the land grabs and
uh and going after resources and that kind of stuff.
So it'll be interesting to see how that plays out.
Speaker 3 (24:16):
Is nuclear energy safer than fossil fuel energy?
Speaker 4 (24:21):
Well, there's there's studies that that go into depth about
the safety of different energy sources. Yeah, nuclear energy turns
out a lot better than coal, that's for sure. With
the coal mining and then the transportation of coal and
then the burning of coal through the smoke stacks. Uh,
nuclear power is incredibly safe. I mean when you transport
(24:45):
nuclear fuel, you know, you do it in a in
a truck. You don't do it in in a train
that you know, a box car loads of fuel, you know,
for miles and miles and you know, once a week
kind of thing. I mean, just the transportation of the
fuel is so much safer. It's not putting emissions like
mercury and other gases into the air. So yeah, it's
(25:10):
incredibly safe. The problem with nuclear is when there's something
does go wrong, it just everybody freaks out and it
can turn into a big media event and it can
you know, it can people can become injured and lose
their lives from it. But it's like kind of like
(25:30):
a shark attack, you know, it draws all the news
even though it happens, you know, not very often.
Speaker 3 (25:36):
Well, you know, I once again history not too long ago,
what happened to Japan with the Title wave and do
the effect that the Title wave have had on the
nuclear reactors there and how it is now affecting the
food chain. I don't think this would have happened if
it was just a cold fired reactor or a cold
fired turbine system that that was swamped with water.
Speaker 4 (26:03):
True, I mean, but the you know, with coal, you've
got the emissions that are coming out every day from
coal fired plants all around the world. If you look
at you know, the air quality on the West coast
of the United States, it's being affected by the amount
of coal it's being burned over in China. I mean,
the winds transported over here to the United States. So
(26:24):
we're seeing the effects of other energy sources at least
as much as we're seeing from nuclear.
Speaker 3 (26:30):
So so let me get let me ask you the
question again, why can't we just change the the the
the sources of fuel. I understand that eighty percent depends
on petroleum and fossil fuel. I understand that there's no
argument there. But there must be other ways because we're
not doing our planet and the future generations of our
(26:52):
children by continuing in the same circle we're doing because
of fossil fuel. Something's got to change.
Speaker 4 (26:59):
Yeah, and tell you what I think has to change.
I mean, I mean lots of little things, but number
one is leadership. There's got to be some leadership from
the very very top of this country that wreck and
allows everybody to recognize the scope of the problem we're
dealing with and ideas for dealing with it and how
we're going to do it. You know, I propose nuclear power.
(27:21):
But if a leader were to step up, if the
next president or any you know, but that this president
or whoever or to step up and say, this is
the number one problem that the world is facing, the
United States is facing, and this is what we're going
to do to solve it, and we need everybody's help
to get it done. That's what we need. That we
need leadership from important people in this country to affect
(27:44):
the change that has to happen. And trust me, it
is it's going to happen. Whether this change is going
to happen, no matter what we think or what we want,
because there's only so much oil, there's only so much cold,
there's only so much natural gas. It's only going to
last so long. I mean we're talking decades here. It
may not you know, it's not going to happen tomorrow
or next week or next year. But over time, as
(28:06):
that production decreases, we're going to see huge impacts on
the economy, on our society and and what what then
is going to happen amongst the people. If you know,
like two thousand and eight, you know the the economy
took a one percent dip in our GDP and you
thought the world was going to end. You know, the
(28:28):
economic effects, Well, what's going to happen when oil really
does start to go into decline. You know, the GDP
drop is not going to be one percent, It's going
to be a lot more. And it's going to happen
year after year after year. The stress on our society
is going to be tremendous. This stress on our political system,
on our government system is going to be tremendous. We
(28:50):
can't wait around another thirty years to sort it out.
We got to start working on this now.
Speaker 3 (28:57):
Unfortunately, from my understanding, the petroleum industry carries a lot
of weight in Washington. And look what's happening with the
gun control fiasco that is now being brought to the
surface once again after the Aurora, Colorado massacre. President Obama
and uh, you know, Mcrobney, they don't even want to
(29:19):
touch the Second Amendment issue. They don't even want to
touch gun control. And because of the implications with the NRA,
I'm sure that the that the that the lobbyists for
the petroleum and fossil fuel industry carry a lot more
cloth than the NRA does.
Speaker 4 (29:38):
Yeah, you're right, And it gets more complicated because it
becomes an international issue with in particular OPEK. Yeah, the
Organization of Petroleum ex boarding countries that have banned up
and control about sixty five percent of the world's oil.
And so you you have to kind of tread lightly
though you don't want to get OPEK on the bad
(29:59):
side of home tech, or they they could put an
embargo on you or something like that. Not not that
that would happen, I'd say, but it's it's a it's
a very tricky issue to deal with. And and but
what I've found, you know, if you look at history
in the United States and whatnot, what really shines through
when we go through difficult times is leadership, you know,
(30:23):
and having a leader that is not afraid to tell
the truth and tell the American people what we need
to do. And that that I think we could overcome
so much. But it's just not even on the radar
screen for our country.
Speaker 3 (30:37):
But you know, you yourself say that Americans are becoming numb
to the higher gas prices. So if if the if
the population and if society is becoming numb to the problem,
is it our own fault that our leadership isn't doing
anything about it?
Speaker 4 (30:53):
Well, I'd say yes. You know when I when I
talk about this issue all over the country. You know
what gets more attention me me being on a talk
show in Albuquerque, New Mexico, or the results of American
Idol for that night and who won, you know, who
(31:13):
won Dancing with the Star Yeah, we're transfixed with entertainment
and trivial stuff. And I'm not criticizing because I like
that kind of stuff too, But there's some things we
have to wake up and smell the coffee and say,
our destiny is in our own hands and we have
to do something about it.
Speaker 3 (31:35):
People complain, they'll complain to each other, they'll complain to
the grocery guy, they'll complain to the guy at the
donut shop. But when it comes to the right place
where the complaints should actually go, and that's to their
elected officials, it stops. I think that what has happened,
and this is only my opinion, is that whether it's
the United States or Canada or any other free nation,
(31:58):
is that we have forgotten that we the people have
put the politicians in the power that they in the
position of power that they have today, and we the
people can make the change happen. But it seems that
somewhere along the line, we've forgotten this.
Speaker 4 (32:14):
Yeah, and you know, it's easy to forget because we
all get caught up in our own lives. You know,
we have a less maybe a family and children or
hobbies and things that we want to make ourselves a
better person or whatever. But you're right, it does come
down to a free people has to decide what they
want to do with their country. And that's why I mean,
(32:36):
I love freedom, I love their country. And I just
said it's time for people like me who who are
have researched this and can write about it and can
talk about it to step up and make a difference.
Now I'm trying. I'm making a small difference just by
being on this show, but also the energy debate I
talked about. We're going to have representatives at this energy
(32:57):
debate on September eighth in Carbondale, Illinois, which is the
debate is also co sponsored by Southern Illinois University. We're
going to have a representative from coal, oil, and gas, solar,
and we're trying to find a win person now, but
we're gonna have different energy experts and representatives stand up
(33:20):
and talk about what they can bring to the table,
and we're gonna, you know, have people there. We're gonna
have entertainment and afterwards we'll have people can you know,
talk about it. That's what I'm trying to do. You know,
if somebody's listening wants to do that. In Sacramento, California,
or Winnipeg or wherever. Start getting this issue in conversation.
(33:41):
Do what you can talk to whoever. You can talk
to your politicians about it. It's a big deal. It's
just back.
Speaker 3 (33:50):
Did we lose? Did we lose Dennis again? Dennis? Are
you there all right? Craig, can you get Dennis back
on the line for me? Please? Explanation. We're going to
be getting Denis back. And Craig has given me the signal.
Do you have him back?
Speaker 4 (34:04):
Craig, and and just bring your voice to the table.
You don't have to be an engineer, you don't have
to be a scientist, but if you are, think about it.
Speaker 3 (34:14):
Tell me about the rally that you that you participated
in or that or that you helped organize. What was
the what was the general feeling of the people who
participated in the rally, and how did the public react?
Speaker 4 (34:29):
Well, it was great. It was down here in southern Illinois,
the salt of the earth kind of people here, Midwest
values that kind of thing. And what really drove it
was last summer. People are just tired of high gas prices. Yes,
you know you're going out, you're making a living, let's
say you're you fixed garage doors for a living. You
take your pickup truck, you go out there. You were
(34:51):
install the door, repaired, whatever you do. You're running around
to different houses and that kind of stuff. You're going
back to your warehouse getting your equipment. When prices go up,
it affects your bottom line. It affects how much you
know you can provide for your family or for yourself,
or you know, what kind of food you can buy,
or how you can upgrade your standard a live in.
(35:11):
And so people were tired of that and they came
out to this rally. We carried signs through the city
of Carbondale that based on you know, whatever that person
thought about what was the problem. And we just we
just marched through downtown Carbondale, Illinois.
Speaker 3 (35:29):
And how was it received by the people who who
were not part of the rally, but the spectators, the
officials as well as the media.
Speaker 4 (35:40):
Well, that's a good question. We did get a lot
of exposure and television, newspaper, radio, that kind of thing,
and different blogs and that kind of stuff, and some
of you know, it was varied. The one thing that
I found disappointing was people who thought that we had
some kind of I don't know, like agenda or we
(36:02):
were just protesting because we wanted to protest, you know,
we didn't have anything better to do. You know, I
got a lot of better things I could be doing
than protesting gas prices or having an energy debate them
own time and helping organizing that kind of stuff. And
so the disappointing thing for me was people who just
thought we were wackos or protesters or just you know, troublemakers,
(36:26):
rabble rousers. And that was frustrating because I'm not, and
the people there weren't. They're just good, hard working people
that they're getting tired of nothing happening for energy policy
and things that could be done in this country.
Speaker 3 (36:41):
You also in your book write about the concept that
the government is printing too much money. What did you discover?
Speaker 4 (36:49):
Well, what you've probably heard this, you say, Oh, the
government's printing too much money. You know what does that mean?
Who's really studied this? So I was researching this. I'm like, well,
so where's all the data data? It should be able
to be proved rather easily if they're printing too much money. Exactly, Well,
it's not quite as easy as you think as I
(37:10):
was researching this, but I finally did get to the
bottom of it, and I started comparing the money supply
month to month, the growth of the money supply compared
to the growth in the economy, because you would think
if the economy grows one percent, that you need one
percent more money in that economy. Correct.
Speaker 3 (37:29):
Correct.
Speaker 4 (37:30):
Well, what I found was, as I analyzed it, is
that there is more money being introduced into the economy
than the growth in the economy would indicate. And so
I plotted that in the book and calculated it, and
I think that helps explain some of the bubbles that
we've had in the last fifty years, where there's really
(37:53):
more money that should be out there. So that money
chases things, it chases technology stocks, or chases real estate
or whatever, and it drives up those prices and then
we realize, wait a minute, it's really not worth as
much as we think it is. We just had more money.
So what happens It comes crashing back to reality. That's
what we saw, I believe in two thousand and eight,
(38:16):
when everything reverse.
Speaker 3 (38:17):
Course on us, You and I have to take our
final break. Dennis, please stand by x O nation, my guest,
This hour is the author of a book that I
know a number of people here are going to pick up.
It's called It's the Price of Oil Stupid. His website
is www dot It's the Price of Oil Stupid dot com.
That's www dot It's the Price.
Speaker 2 (38:42):
This is the XON Broadcast Network, broadcasting worldwide on broadcast
affiliates and Savoy program providers including CNN Broadcast Network, Serious
Side Network, Star Media, Good News Radio Network, Angel Broadcast Network,
Broadcast Network, and WPBNTV. For more information on his own
(39:06):
broadcast network, visit us at www dot XCBM dot net.
Speaker 4 (39:23):
Hi.
Speaker 6 (39:24):
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The most importance the proper gathering and preservation of evidence
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the search for the afterlife, cryptozoology, UFOs, and extraterrestrials. How
(39:44):
we gather the evidence, preserve that evidence, and present it
to a jury of our peers will make the ultimate
difference in proving the existence of worlds and entities that
are beyond our imagination. Join me Larry Lawson every week
on Paranormal Steakout, when, along with my guests, we'll take
a journey to prove with indisputable evidence what man has
struggle to believe for centuries. Go to exzbn dot net
(40:05):
for the broadcast schedule and check me out at Parenormal
stakeout dot com.
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Speaker 3 (41:07):
World, ex O Nation. Dennis Pinags is my guest this
hour or the name of his book is It's the
Price of Oil Stupid. His website is www dot It's
the Price of Oil Stupid dot com. First of all, Dennis,
(41:29):
want to thank you so much for joining us tonight
here on the exce Owan. But I have a question
to ask you global warming. Is it real or is
it fictional?
Speaker 4 (41:40):
Well, it's uh, it's it's complicated, and I know that's
probably horrible answer, but it's an honest one. Well, I've
studied a lot about global warm and I've tried to
get my hands around global warming, and just when I
think I kind of have it figured out, I realize
I don't. All I really know is that, yes, when
you look at the carbon dioxide levels in the atmosphere today,
(42:04):
they're more than they've been in the last couple million years,
and so that's a fact. You know, how that's affecting
the climate is something that is really so complicated. The
computer models that we have that are studying this aren't
sophisticated enough to understand it. You would think that if
(42:26):
the Earth is warming, then you would see you know,
the oceans warming, which would generate much larger hurricanes, you
would think. But the other impact is that it creates
the sheer winds in the upper atmosphere that are shearing
off the tops of these hurricanes and keeping them from
growing into major hurricanes. And so it's so complicated, you know,
(42:51):
it's hard to really figure out what's happening, how bad
it is, how good it is. To be honest, I
don't totally underst stand it.
Speaker 3 (43:01):
What would you like to leave the members of the
ex Oonation around the world with tonight.
Speaker 4 (43:05):
Dennis Well, First off, thanks you, Thank you Rob for
having me on pleasure, letting me, giving me a chance
and an opportunity to talk about something that I think
is extremely important. You know, I would say just for
your the listeners out there that you know have listened
to what I've had to say and the seriousness of this,
(43:27):
you know, have fun with it. But you know, go
ahead and read a book on it. You don't have
to read my book. You know, If you read my book,
that's great. But there's lots of books, there's articles, there's
magazine articles, there's articles on the internet. Get smarter about it.
So when people talk to you about why gasoline prices
are going up or going down, you understand and you
can and speak about it and just do that. Speak
(43:49):
with others about this topic, not just oil, coal, natural gas.
How we're going to transition off of these fossil fuels.
They're not going to be around forever. How you know,
where are we going to get the money to pay
for this? Bring us up with your friends, come up
with good ideas, have conversations about it. That's where I'd
like to leave with your audience.
Speaker 3 (44:08):
Dennis, again, I want to thank you so much. I
understand your book is available online and at fine bookstores everywhere.
Speaker 4 (44:16):
It sure is. I'd wreck Amazon is great. I use
that a lot. Last I checked, it was out on Amazon.
But I'm sure it'll get restocked soon, so if you order,
they'll send it out as soon as they get more
books in.
Speaker 3 (44:28):
Dennis, want to thank you so much for joining us
and thanks very much for bringing the great work that
you've done in your book, It's the Price of Oil
Stupid to the public. Thank you well, Thank you ron
X donation. I guess this hour has been Dennis Pinages.
His website is www dot It's the Price of Oil
Stupid dot com and his book is entitled It's the
(44:50):
Price of Oil Stupid. I'll be back on the other
side of this commercial break with the news at six
and a half minutes past, as the XEM continues with
yours truly, Rob McConnell from our studios in Hamilton, Ontario,
Canada one eight hundred six ten seven zero three five
worldwide toll free email Xon at xon Radio TV dot com,
on MSN messenger, Xon Radio TV at hotmail dot com,
(45:14):
and our website www dot Xon radio tv dot com.
I'll be back on the other side of the news.
Whatever you do, do not go away.
The Xzone Radio Show with Rob McConnell is largely an
opinion talk show. All opinions, comments, or statements of fact
expressed by Rob McConnell's guests are strictly their own and
are not to be construed as those of The X
Zone Radio Show or endorsed in any manner by Rob McConnell,
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(00:25):
employees or advertisers.
Speaker 2 (00:35):
All hit Welcome to the X Zone, a place where
fact is fiction and fiction is reality.
Speaker 3 (00:52):
Now here's your host, Rob McConnell. Welcome back everyone. This
is the Xone. My name is Rob McConnell, coming to
you from our studios in Hamilton, Ontario, Canada. One eight
hundred and six ten seven zero three five is my
toll free worldwide number. Our website www dot xon Radio
tv dot com, on MSN, messenger, Xon Radio TV at
(01:15):
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(01:39):
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and don't forget. You can get all the xone merchandising
you would like, all the X Zone TV show, the
Paragators TV Show at our store at www Dot xone
store dot com. As everybody knows, the price of gas
(02:00):
seems to be going up, up, up up, and it
seems that North Americans are becoming numb to the higher
gas prices. And what do we really need to do
to change that? Well, my guess this hour, Dennis Penages
is going to help us try and understand this. And Dennis,
(02:22):
first of all, I want to thank you very much
for joining us here in the x soone And what
is happening with the price of gas these days? Why
does it keep on going up, then it goes down,
then it goes up, then it goes down. It's worse
than a yo yo.
Speaker 4 (02:35):
Well, there's a lot of different factors. Rob And first off,
thanks for having me on your show. My pleasure, and
I really like the music Drive My Car, I mean,
very appropriate for the topic that we're going to talk
about today. But it is a yo yo and it's
very volatile, and there's a lot of different reasons that
I'm sure we'll get into it. It can get kind
(02:57):
of complicated, and I'll try to try to simplify it
for folks as much as I understand it for those
listening now, go on, swir Yeah, I'm just saying the
probably the big reason for the volatility is the oil.
We're producing about eighty eight million barrels of oil a
(03:18):
day in the world, and we're that about at our
maximum production capability. And I think the oil markets know that,
the world market knows that, and so we're we're bouncing
up on the limit. But the problem is we've got
the developing worlds such as China, India. You know, there's
(03:38):
two point four billion people there that want oil and
cars and that kind of stuff, and right there's only
so much oil to go around. So we're going to
continue to see the volatility. We're going to continue to
see the price spikes. We're in a little bit of
a reprieve right now, thank goodness. But even now, with
everything that's happened in the world and with Europe kind
of unraveling somewhat. You know, oils are still at ninety
(04:02):
dollars a barrel, which is a surprise to me that
it would just continue to spell. It's not really a surprise,
but it's just staying high, and it's really affecting the
economies of the world in many, many ways.
Speaker 3 (04:14):
Now, you know, you yourself graduated from West Point with a
master's degree in environmental engineering as well as that was
at UCLA. You're the author of It's the Price of
Oil Stupid, and and you know you've been coined as
an energy activist by members of the media. You also
led a protest rally in the summer of twenty eleven,
(04:36):
and you're also going to be moderating an energy debate
on September the eighth in Carbondale, Illinois. Let me ask
you this, if all the if all the companies and
all the scientific minds and the engineering minds got together
at a big round table and said, all right, let's
solve the energy crisis. Let's get into alternative fuel. Why
couldn't that be done and then we wouldn't have these problems.
Speaker 4 (04:59):
Well, it's not that it can't be done, it's we've
got plenty of choices. We just haven't made a choice. Yeah,
and it's it gets you know, I hate to say
it gets complicated, but it does. And when you start
talking about actually solving problems in our country, then you
start talking about politics and the factors of politics that
(05:21):
enter into the decisions. And unfortunately, what we've got right
now is a system where there's there's two parties that
basically argue with each other, and so when the good
ideas come out, it's almost hard to filter through the
good ideas because the other side is so used to
arguing against the other sides ideas that it just turns
(05:41):
into this mess.
Speaker 3 (05:42):
And well, why don't we do this, Why don't we
take a commercial break up. We'll be back in two
minutes and let me come back. We'll talk more about
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Speaker 3 (08:47):
I see what happened on the computer of that song
by Marty Robbins is a white sports code and a
pink carnation, but on the computer it's popped up as
a white sports code and a pink car. Well that
explains that. My guess this our exonation is is Dennis
(09:08):
Pinages and his website is www. It's the Price of
Oil Stupid dot com. He's the author of It's the
Price of Oil Stupid. So why why can't we just
get rid of fossil fuel, go with the alternative fuels
and and and the crunch on on energy that's got
everybody by the throat and the short and curlies.
Speaker 4 (09:28):
Well, I looked at that in my book, and one
thing you got to understand is fossil fuels are such
a huge part of the energy consumption in the world.
Fossil fuels account for eighty six percent of the energy
that we use in this world. And trying to replace
eighty six percent of the energy pie as I like
to call it, is huge. And I looked at just
(09:53):
replacing fossil fuels and generating electricity, and I did a
you know, equation in math and try to figure out
what it would take and how many windmills it would
take or in what type of effort we're talking about.
And I calculated it, and I compared the windmills to say,
the Chrysler building in downtown Manhattan, which most people are
(10:16):
more familiar with, and you know, it would take the
equivalent of a Chrysler building being built every day for
the next ten years to replace the coal that we're
using for generating just electricity. The scope of what we're
talking about is enormous, and that's what people really don't
(10:41):
It's hard to get your hands around how big a
problem we're really talking about and how much energy we're
going to have to replace from our fossil fuels.
Speaker 3 (10:49):
Oh right, but what happens if tomorrow, excuse me, what
happens if tomorrow that there's no more oil, there's no
more fossil fuel, We're going to have eighty percent of
the electrical eighty percent of the energy gone. What happens, Well.
Speaker 4 (11:06):
That, first of all, that's not going to happen. I mean,
it's pretty well calculated using science, geologists and petroleum engineers
and that kind of stuff. How much oil is actually
out there. We know how much oil is out there,
and we have a pretty good idea, you know, how
much we can get out of the ground, so that
that's not going to happen. We have time, but the
(11:27):
problem is we're wasting time. We've wasted so much time already,
and that's why I really got involved with this. I
was getting so frustrated that we were there's no real
energy policy, there's no real plan, there's no real awareness
of the public of how much we need to do
to be able to replace the fossil fuels, and that
we're talking about oil, which is the main one we use,
(11:50):
which is about thirty eight percent of the energy we
consume is from oil, and then there's pole and natural gas,
which are around twenty five percent each. So it's just,
you know, there's so much to do, and that's what
I'm trying to do by writing the book and by
leaving a gas price protest rally. We've got an energy
(12:11):
debate coming up here in September in southern Illinois, so
we're trying to raise awareness on this issue.
Speaker 3 (12:17):
Now, why does the price of gas keep going up?
Speaker 2 (12:21):
Now?
Speaker 3 (12:22):
I can't understand this. I know that the amount of
tax that is put on the petroleum industry is ridiculous.
You end up paying tax on top of tax, on
top of tax on top of tax. The government is
making a small fortune now they're making a big fortune
on it. So how can the industry if it would
want to change that so the price of gas would
(12:43):
be more consumer friendly.
Speaker 4 (12:46):
Well, that's where there's a lot we could do. But
it's not just about gasoline. It's about energy in its entirety. Okay,
here's what I would like to see. I would like
to see more of a whole sale shift towards nuclear
energy for electricity. And if we set a goal in
(13:07):
this country of generating ninety percent of our electricity from
nuclear power within the next thirty years. First of all,
that would free up a lot of our fossil fuels, right,
and then what we could do is not a lot
of people know this, but you can take coal and
coal we have in abundance in this country. We have
(13:29):
so much coal in this country. You can convert coal
into oil. Oil you can convert into gasoline and diesel
and that kind of you know, for transportation fuels. So
number one, we free up coal and get it, get
it out of the electricity generation, and then use coal
converted into oil for our transportation fuels.
Speaker 3 (13:51):
All right, so we've got transportation fuels we have, Well,
let's see diesel as a transportation fuel. Gasoline, you've got
the the jet fuel and the jet petroleums, the avionic petroleums,
and then you've got all these spinoff industries that depend
heavily on the petroleum industry and the fossil fuel industry.
And I can just think of the chemical industry as
(14:14):
one of them.
Speaker 4 (14:16):
Sure, chemicals, plastic, you know, plastics come from petroleum, fertilizer. Heck,
even bubblegum, toothpaste processed out of petroleum. I mean, look
around you in your office or in your car, wherever
you're at. A lot of those things are made out
of petroleum. We really do rely on fossil fuels, in
(14:38):
particular oil so much for our daily lives and for functioning.
And the truth is this oil is not going to
be around forever, and we're going to have to figure
a way to transition away from it while not being
on this economic yo yo that we've been on with
the price of oil. It's you know, it's like I said,
it is frustrating. But there are things we could do.
(14:59):
But number one I think we need to do is
we need to raise awareness. We need to raise awareness
of the scope of the problem that we're dealing with,
and we need to get people talking. We need to
get our politicians talking about in our government, you know,
people like yourself and other talk shows and people around
their kitchen table and ask what are we really going
(15:20):
to do to help this transition away from fossil.
Speaker 3 (15:24):
Fuels one eight six ten, seven zero three five worldwide
toll free, email x own or xone radio TV dot
com on Mson messenger x on radio TV at hawkmail
dot com, at our website www dot Xon radio TV
dot com. So what you're saying to me, Dennis, is
that we are not running out of oil and we
(15:45):
shouldn't be afraid.
Speaker 4 (15:48):
Well, it's running out of oil. I mean, that's one
way of putting it is. There's only so much oil
in the ground right now. This oil was formed tens
of millionllions of years ago. Most of it was formed
in what were then shallow seas, back when the world
was much warmer, the water level was much high. There
(16:10):
is very little polar ice caps. So let's say most
of the state of Texas was underwater. The eastern part
of Saudi Arabia was all underwater. It was a shallows.
Speaker 2 (16:22):
Hell.
Speaker 3 (16:22):
Were you there? It looks like we lost, Dennis. Ex
O Nation stand by and we'll get them right back. Dennis,
are you there? Okay, it seems that we've lost him. Craig,
let's get our guests back. Okay, all right, exponation. Craig
was able to get Dennis back, and I'm sorry about that. Dennis.
Looks like somebody didn't want you to spill the beans
on the oil industry.
Speaker 4 (16:43):
Yeah, it was no conspiracy theory.
Speaker 3 (16:45):
Yeah, yeah, all right, So go on with what you
were saying, you know, like because you know, you hear
so many different stories that you know, the oil, the
fossil fuel is going to be depleted, We're going to
run out of oil. That the depletion of the oil
or the withdrawal of the oil out of the Earth
is causing the movement of the tectonic plates worse than
they've ever been four So what is a person to believe, Like,
(17:08):
we're not engineers, you.
Speaker 4 (17:09):
Are, Yeah, Well, the truth is there's only so much
oil to go around. It was foured millions and millions
of years ago. And we've tapped into a lot of
the super big oil fields that are out there, in
particular in Saudi Arabia and a few other countries, and
we've tapped in and we've been tapping in for a
(17:31):
long time. And so what we're doing is we're transitioning
to newer oil fields that aren't as big as the
ones that we're replacing, and there most of them are
in more difficult conditions. And for example, off the coast
of Brazil, there's about forty three billion barrels of oil.
That's a lot of oil. It's not as big as
oil fields in Saudi Arabia, but it's a lot of oil.
(17:54):
But it's also under about six thousand feet of water,
and the oil is about seventh thousand feet underneath the
bottom of the ocean. So getting at that oil is
incredibly complex and very difficult and very expensive. So it's
it's driving up the cost to get at the oil.
And then, like I was talking about earlier, the ability
(18:18):
to get the eighty eight million barrels of oil a
day out of the earth, it's getting harder and harder
to do.
Speaker 3 (18:25):
You know, a lot of people when they think about petroleum,
you know, research and looking for the next Well, the
BP oil disaster in the Gulf still as fresh in
many mines, and a lot of people are saying, okay,
we need to take a second look at oil exploration.
Speaker 4 (18:42):
Well, I don't blame them. I mean, I was as
frustrated as anybody. I hated seeing that oil coming up
in the ocean, and I hate to see the environmental
effects of it. But the truth is we're hooked on oil.
It's not going to go away. We expect to drive
up to the gas pump and be able to put
gas lean in our vehicles or diesel in our trucks
or whatever, and and live about our day, you know,
(19:05):
in a normal manner. So we're gonna and the problem
is a lot of the big oil reserves now are offshore,
and so we're going to have to go after them,
you know, going after them safely, of course is our priority,
right but we're going to be going after them, and
there's always going to be risks, and there's always a
chance for uh a disaster or leaks or you know,
(19:28):
problems for the environment. But I don't think we're going
to stop using oil. It's just not going to happen.
Speaker 3 (19:35):
You know, when we think about oil disasters, where you've
got the exon Valdis and like I said that, the
disaster in the Gulf of Mexico, there was an oil
spill just near the Alberta Tar Sands a couple of
weeks ago, and then you've got the planning of this
massive pipe going all the way from the oil sends
down into the United States. I understand the the the
(19:56):
financial connection all the way around when it comes to
oil exploration as well as the selling of the various products.
But there has to come a time when government and
environmental groups and John Q public gets together and say, hey, listen,
what's more important our dependency on fossil fuel and petroleum
(20:16):
or saving this planet. You and I will be back
on the other side of this commercial break with the
news at the bottom of the hour. Dennis, please stand
by x O Nation. I guess this hour is Dennis Pinages.
His website is www dot It's the Price of Oil
Stupid dot com and that's also his books title, It's
the Price of Oil Stupid. We'll be back on the
(20:38):
other side of this commercial break with the news as
the X Zone continues with yours truly, Rob McConnell from
our studios in Hamilton, Ontario, Canada. Don't go away.
Speaker 2 (20:50):
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(21:13):
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Speaker 5 (22:26):
There's a legend shared by many indigenous cultures of a
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(22:47):
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(23:08):
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Speaker 3 (23:21):
Here you go, there's an idea, let's get a magic
Carpet's that way there, We don't have to go and
stop the gas pumps and pump oil into the magic carpets.
Explanation I guess this hour is Dennis Pinag just his
website is www dot It's the price of oil stupid
dot com denna. So you know now it seems that
oil exploration is looking at the Arctic region and you've
(23:41):
got different countries claiming different sovereignty. It seems like this
the Arctic is going to turn into one heck of
a political standoff before the oil exploration never starts.
Speaker 4 (23:55):
Yeah, that'll that'll be really interesting and it'll be I'm
anxious to see how that's gonna going to play out
with some of the you know, we're kind of going
back to the nineteenth century with the land grabs and
uh and going after resources and that kind of stuff.
So it'll be interesting to see how that plays out.
Speaker 3 (24:16):
Is nuclear energy safer than fossil fuel energy?
Speaker 4 (24:21):
Well, there's there's studies that that go into depth about
the safety of different energy sources. Yeah, nuclear energy turns
out a lot better than coal, that's for sure. With
the coal mining and then the transportation of coal and
then the burning of coal through the smoke stacks. Uh,
nuclear power is incredibly safe. I mean when you transport
(24:45):
nuclear fuel, you know, you do it in a in
a truck. You don't do it in in a train
that you know, a box car loads of fuel, you know,
for miles and miles and you know, once a week
kind of thing. I mean, just the transportation of the
fuel is so much safer. It's not putting emissions like
mercury and other gases into the air. So yeah, it's
(25:10):
incredibly safe. The problem with nuclear is when there's something
does go wrong, it just everybody freaks out and it
can turn into a big media event and it can
you know, it can people can become injured and lose
their lives from it. But it's like kind of like
(25:30):
a shark attack, you know, it draws all the news
even though it happens, you know, not very often.
Speaker 3 (25:36):
Well, you know, I once again history not too long ago,
what happened to Japan with the Title wave and do
the effect that the Title wave have had on the
nuclear reactors there and how it is now affecting the
food chain. I don't think this would have happened if
it was just a cold fired reactor or a cold
fired turbine system that that was swamped with water.
Speaker 4 (26:03):
True, I mean, but the you know, with coal, you've
got the emissions that are coming out every day from
coal fired plants all around the world. If you look
at you know, the air quality on the West coast
of the United States, it's being affected by the amount
of coal it's being burned over in China. I mean,
the winds transported over here to the United States. So
(26:24):
we're seeing the effects of other energy sources at least
as much as we're seeing from nuclear.
Speaker 3 (26:30):
So so let me get let me ask you the
question again, why can't we just change the the the
the sources of fuel. I understand that eighty percent depends
on petroleum and fossil fuel. I understand that there's no
argument there. But there must be other ways because we're
not doing our planet and the future generations of our
(26:52):
children by continuing in the same circle we're doing because
of fossil fuel. Something's got to change.
Speaker 4 (26:59):
Yeah, and tell you what I think has to change.
I mean, I mean lots of little things, but number
one is leadership. There's got to be some leadership from
the very very top of this country that wreck and
allows everybody to recognize the scope of the problem we're
dealing with and ideas for dealing with it and how
we're going to do it. You know, I propose nuclear power.
(27:21):
But if a leader were to step up, if the
next president or any you know, but that this president
or whoever or to step up and say, this is
the number one problem that the world is facing, the
United States is facing, and this is what we're going
to do to solve it, and we need everybody's help
to get it done. That's what we need. That we
need leadership from important people in this country to affect
(27:44):
the change that has to happen. And trust me, it
is it's going to happen. Whether this change is going
to happen, no matter what we think or what we want,
because there's only so much oil, there's only so much cold,
there's only so much natural gas. It's only going to
last so long. I mean we're talking decades here. It
may not you know, it's not going to happen tomorrow
or next week or next year. But over time, as
(28:06):
that production decreases, we're going to see huge impacts on
the economy, on our society and and what what then
is going to happen amongst the people. If you know,
like two thousand and eight, you know the the economy
took a one percent dip in our GDP and you
thought the world was going to end. You know, the
(28:28):
economic effects, Well, what's going to happen when oil really
does start to go into decline. You know, the GDP
drop is not going to be one percent, It's going
to be a lot more. And it's going to happen
year after year after year. The stress on our society
is going to be tremendous. This stress on our political system,
on our government system is going to be tremendous. We
(28:50):
can't wait around another thirty years to sort it out.
We got to start working on this now.
Speaker 3 (28:57):
Unfortunately, from my understanding, the petroleum industry carries a lot
of weight in Washington. And look what's happening with the
gun control fiasco that is now being brought to the
surface once again after the Aurora, Colorado massacre. President Obama
and uh, you know, Mcrobney, they don't even want to
(29:19):
touch the Second Amendment issue. They don't even want to
touch gun control. And because of the implications with the NRA,
I'm sure that the that the that the lobbyists for
the petroleum and fossil fuel industry carry a lot more
cloth than the NRA does.
Speaker 4 (29:38):
Yeah, you're right, And it gets more complicated because it
becomes an international issue with in particular OPEK. Yeah, the
Organization of Petroleum ex boarding countries that have banned up
and control about sixty five percent of the world's oil.
And so you you have to kind of tread lightly
though you don't want to get OPEK on the bad
(29:59):
side of home tech, or they they could put an
embargo on you or something like that. Not not that
that would happen, I'd say, but it's it's a it's
a very tricky issue to deal with. And and but
what I've found, you know, if you look at history
in the United States and whatnot, what really shines through
when we go through difficult times is leadership, you know,
(30:23):
and having a leader that is not afraid to tell
the truth and tell the American people what we need
to do. And that that I think we could overcome
so much. But it's just not even on the radar
screen for our country.
Speaker 3 (30:37):
But you know, you yourself say that Americans are becoming numb
to the higher gas prices. So if if the if
the population and if society is becoming numb to the problem,
is it our own fault that our leadership isn't doing
anything about it?
Speaker 4 (30:53):
Well, I'd say yes. You know when I when I
talk about this issue all over the country. You know
what gets more attention me me being on a talk
show in Albuquerque, New Mexico, or the results of American
Idol for that night and who won, you know, who
(31:13):
won Dancing with the Star Yeah, we're transfixed with entertainment
and trivial stuff. And I'm not criticizing because I like
that kind of stuff too, But there's some things we
have to wake up and smell the coffee and say,
our destiny is in our own hands and we have
to do something about it.
Speaker 3 (31:35):
People complain, they'll complain to each other, they'll complain to
the grocery guy, they'll complain to the guy at the
donut shop. But when it comes to the right place
where the complaints should actually go, and that's to their
elected officials, it stops. I think that what has happened,
and this is only my opinion, is that whether it's
the United States or Canada or any other free nation,
(31:58):
is that we have forgotten that we the people have
put the politicians in the power that they in the
position of power that they have today, and we the
people can make the change happen. But it seems that
somewhere along the line, we've forgotten this.
Speaker 4 (32:14):
Yeah, and you know, it's easy to forget because we
all get caught up in our own lives. You know,
we have a less maybe a family and children or
hobbies and things that we want to make ourselves a
better person or whatever. But you're right, it does come
down to a free people has to decide what they
want to do with their country. And that's why I mean,
(32:36):
I love freedom, I love their country. And I just
said it's time for people like me who who are
have researched this and can write about it and can
talk about it to step up and make a difference.
Now I'm trying. I'm making a small difference just by
being on this show, but also the energy debate I
talked about. We're going to have representatives at this energy
(32:57):
debate on September eighth in Carbondale, Illinois, which is the
debate is also co sponsored by Southern Illinois University. We're
going to have a representative from coal, oil, and gas, solar,
and we're trying to find a win person now, but
we're gonna have different energy experts and representatives stand up
(33:20):
and talk about what they can bring to the table,
and we're gonna, you know, have people there. We're gonna
have entertainment and afterwards we'll have people can you know,
talk about it. That's what I'm trying to do. You know,
if somebody's listening wants to do that. In Sacramento, California,
or Winnipeg or wherever. Start getting this issue in conversation.
(33:41):
Do what you can talk to whoever. You can talk
to your politicians about it. It's a big deal. It's
just back.
Speaker 3 (33:50):
Did we lose? Did we lose Dennis again? Dennis? Are
you there all right? Craig, can you get Dennis back
on the line for me? Please? Explanation. We're going to
be getting Denis back. And Craig has given me the signal.
Do you have him back?
Speaker 4 (34:04):
Craig, and and just bring your voice to the table.
You don't have to be an engineer, you don't have
to be a scientist, but if you are, think about it.
Speaker 3 (34:14):
Tell me about the rally that you that you participated
in or that or that you helped organize. What was
the what was the general feeling of the people who
participated in the rally, and how did the public react?
Speaker 4 (34:29):
Well, it was great. It was down here in southern Illinois,
the salt of the earth kind of people here, Midwest
values that kind of thing. And what really drove it
was last summer. People are just tired of high gas prices. Yes,
you know you're going out, you're making a living, let's
say you're you fixed garage doors for a living. You
take your pickup truck, you go out there. You were
(34:51):
install the door, repaired, whatever you do. You're running around
to different houses and that kind of stuff. You're going
back to your warehouse getting your equipment. When prices go up,
it affects your bottom line. It affects how much you
know you can provide for your family or for yourself,
or you know, what kind of food you can buy,
or how you can upgrade your standard a live in.
(35:11):
And so people were tired of that and they came
out to this rally. We carried signs through the city
of Carbondale that based on you know, whatever that person
thought about what was the problem. And we just we
just marched through downtown Carbondale, Illinois.
Speaker 3 (35:29):
And how was it received by the people who who
were not part of the rally, but the spectators, the
officials as well as the media.
Speaker 4 (35:40):
Well, that's a good question. We did get a lot
of exposure and television, newspaper, radio, that kind of thing,
and different blogs and that kind of stuff, and some
of you know, it was varied. The one thing that
I found disappointing was people who thought that we had
some kind of I don't know, like agenda or we
(36:02):
were just protesting because we wanted to protest, you know,
we didn't have anything better to do. You know, I
got a lot of better things I could be doing
than protesting gas prices or having an energy debate them
own time and helping organizing that kind of stuff. And
so the disappointing thing for me was people who just
thought we were wackos or protesters or just you know, troublemakers,
(36:26):
rabble rousers. And that was frustrating because I'm not, and
the people there weren't. They're just good, hard working people
that they're getting tired of nothing happening for energy policy
and things that could be done in this country.
Speaker 3 (36:41):
You also in your book write about the concept that
the government is printing too much money. What did you discover?
Speaker 4 (36:49):
Well, what you've probably heard this, you say, Oh, the
government's printing too much money. You know what does that mean?
Who's really studied this? So I was researching this. I'm like, well,
so where's all the data data? It should be able
to be proved rather easily if they're printing too much money. Exactly, Well,
it's not quite as easy as you think as I
(37:10):
was researching this, but I finally did get to the
bottom of it, and I started comparing the money supply
month to month, the growth of the money supply compared
to the growth in the economy, because you would think
if the economy grows one percent, that you need one
percent more money in that economy. Correct.
Speaker 3 (37:29):
Correct.
Speaker 4 (37:30):
Well, what I found was, as I analyzed it, is
that there is more money being introduced into the economy
than the growth in the economy would indicate. And so
I plotted that in the book and calculated it, and
I think that helps explain some of the bubbles that
we've had in the last fifty years, where there's really
(37:53):
more money that should be out there. So that money
chases things, it chases technology stocks, or chases real estate
or whatever, and it drives up those prices and then
we realize, wait a minute, it's really not worth as
much as we think it is. We just had more money.
So what happens It comes crashing back to reality. That's
what we saw, I believe in two thousand and eight,
(38:16):
when everything reverse.
Speaker 3 (38:17):
Course on us, You and I have to take our
final break. Dennis, please stand by x O nation, my guest,
This hour is the author of a book that I
know a number of people here are going to pick up.
It's called It's the Price of Oil Stupid. His website
is www dot It's the Price of Oil Stupid dot com.
That's www dot It's the Price.
Speaker 2 (38:42):
This is the XON Broadcast Network, broadcasting worldwide on broadcast
affiliates and Savoy program providers including CNN Broadcast Network, Serious
Side Network, Star Media, Good News Radio Network, Angel Broadcast Network,
Broadcast Network, and WPBNTV. For more information on his own
(39:06):
broadcast network, visit us at www dot XCBM dot net.
Speaker 4 (39:23):
Hi.
Speaker 6 (39:24):
I'm Larry Lawson, host a paranormal stakeout. With over thirty
six years in law enforcement, I've learned a few things.
The most importance the proper gathering and preservation of evidence
is vital to putting the bad guy behind bars. It's
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the search for the afterlife, cryptozoology, UFOs, and extraterrestrials. How
(39:44):
we gather the evidence, preserve that evidence, and present it
to a jury of our peers will make the ultimate
difference in proving the existence of worlds and entities that
are beyond our imagination. Join me Larry Lawson every week
on Paranormal Steakout, when, along with my guests, we'll take
a journey to prove with indisputable evidence what man has
struggle to believe for centuries. Go to exzbn dot net
(40:05):
for the broadcast schedule and check me out at Parenormal
stakeout dot com.
Speaker 5 (40:25):
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We tend to treat three of the four, leaving the
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Speaker 3 (41:07):
World, ex O Nation. Dennis Pinags is my guest this
hour or the name of his book is It's the
Price of Oil Stupid. His website is www dot It's
the Price of Oil Stupid dot com. First of all, Dennis,
(41:29):
want to thank you so much for joining us tonight
here on the exce Owan. But I have a question
to ask you global warming. Is it real or is
it fictional?
Speaker 4 (41:40):
Well, it's uh, it's it's complicated, and I know that's
probably horrible answer, but it's an honest one. Well, I've
studied a lot about global warm and I've tried to
get my hands around global warming, and just when I
think I kind of have it figured out, I realize
I don't. All I really know is that, yes, when
you look at the carbon dioxide levels in the atmosphere today,
(42:04):
they're more than they've been in the last couple million years,
and so that's a fact. You know, how that's affecting
the climate is something that is really so complicated. The
computer models that we have that are studying this aren't
sophisticated enough to understand it. You would think that if
(42:26):
the Earth is warming, then you would see you know,
the oceans warming, which would generate much larger hurricanes, you
would think. But the other impact is that it creates
the sheer winds in the upper atmosphere that are shearing
off the tops of these hurricanes and keeping them from
growing into major hurricanes. And so it's so complicated, you know,
(42:51):
it's hard to really figure out what's happening, how bad
it is, how good it is. To be honest, I
don't totally underst stand it.
Speaker 3 (43:01):
What would you like to leave the members of the
ex Oonation around the world with tonight.
Speaker 4 (43:05):
Dennis Well, First off, thanks you, Thank you Rob for
having me on pleasure, letting me, giving me a chance
and an opportunity to talk about something that I think
is extremely important. You know, I would say just for
your the listeners out there that you know have listened
to what I've had to say and the seriousness of this,
(43:27):
you know, have fun with it. But you know, go
ahead and read a book on it. You don't have
to read my book. You know, If you read my book,
that's great. But there's lots of books, there's articles, there's
magazine articles, there's articles on the internet. Get smarter about it.
So when people talk to you about why gasoline prices
are going up or going down, you understand and you
can and speak about it and just do that. Speak
(43:49):
with others about this topic, not just oil, coal, natural gas.
How we're going to transition off of these fossil fuels.
They're not going to be around forever. How you know,
where are we going to get the money to pay
for this? Bring us up with your friends, come up
with good ideas, have conversations about it. That's where I'd
like to leave with your audience.
Speaker 3 (44:08):
Dennis, again, I want to thank you so much. I
understand your book is available online and at fine bookstores everywhere.
Speaker 4 (44:16):
It sure is. I'd wreck Amazon is great. I use
that a lot. Last I checked, it was out on Amazon.
But I'm sure it'll get restocked soon, so if you order,
they'll send it out as soon as they get more
books in.
Speaker 3 (44:28):
Dennis, want to thank you so much for joining us
and thanks very much for bringing the great work that
you've done in your book, It's the Price of Oil
Stupid to the public. Thank you well, Thank you ron
X donation. I guess this hour has been Dennis Pinages.
His website is www dot It's the Price of Oil
Stupid dot com and his book is entitled It's the
(44:50):
Price of Oil Stupid. I'll be back on the other
side of this commercial break with the news at six
and a half minutes past, as the XEM continues with
yours truly, Rob McConnell from our studios in Hamilton, Ontario,
Canada one eight hundred six ten seven zero three five
worldwide toll free email Xon at xon Radio TV dot com,
on MSN messenger, Xon Radio TV at hotmail dot com,
(45:14):
and our website www dot Xon radio tv dot com.
I'll be back on the other side of the news.
Whatever you do, do not go away.
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