going the right way, or are you being led to some? well, oh, direct. what is true? wharf is great. in the world corrupted, you need to descend ah, to join us in the depths or remain in the shallows. ah, ah, museums are important for preserving our history so that it is lost to future generations. but our physical museums, places themselves a relic of the past. this is one of the best museums in the world. are human touch in saint petersburg. to help refuse the director here, and i bet he has met ah

ah ah, hello, i am manila chan you are tuned and a modus operandi on today's show. the world consumption of this resource keeps growing, especially as emerging economies, like india and members of the african union continued to rapidly develop natural gas. and the irony, as the countries rich in this fossil fuel need at the least because it's frequently found in warmer climates. this week we'll talk about nat gas,

and it's liquefied form called l. n g. who has it? and who wants it? because energy is power in the 21st century. all right, let's get into the m o. me . according to the gas exporting countries flora this year, held in cairo, egypt, in late october of 2022, they say demand for nat, gas will far out pay supply until 2025. when new sources of supply are expected to come on line. but as of 2017, there were about $6.00 trillion cubic feet of proven gas reserves in the world. and at current usage or consumption levels, it's estimated the world has about 50 years left of this resource. natural gas is found so far in about a 100 countries worldwide. take

a look at this list right here. and what you'll notice is that much of the scattered reserves are found in warmer climates. countries who will be using that gas to heat their homes. that's the irony, countries like those in europe get very cold in winter and rely on this energy to keep modern life comfortable. you know, traditionally crude oil is the top fossil fuel that comes to mind. so you think, alright, saudi arabia. but when it comes to that gas, it's actually russia who's sitting on a quarter of the world known supply, followed by a distant 2nd, iran and even more distant 3rd car. and in 4th, the united states and rounding out the top 5, saudi arabia, no european country has enough supply in a meaningful amount to be exported. so much of europe leaned on for their energy

needs so much so that one nord string pipeline wasn't enough germany under then. chancellor, uncle merkel began a joint development deal on a 2nd nord stream pipeline from russia, and spite of major pushback from some eastern european states as well as the united states. so between russia and iran to country is sanctioned by the collective west . they control about 42 percent of the world's total natural gas. now you add in china and venezuela to that mix. and now you've got about half of the globes, natural gas controlled by nations. who have i see enough relations to turn it into ellen. gee, all right, that's a natural gas joke. look at, look it up. could this be why countries like the us and those in the you have been taking such aggressive measures to go green? is the green movement really an effort to blunt the growing influence of countries

like russia, like iran and china? because in the 21st century, energy is the real global power. so for more on this, we will turn to david car will. he's an attorney and founder of pro chain capital. he has expertise in energy markets and the growing block chain technology. david, good to see you again. so david, we always seem to talk about big oil in the media. we always seem to ignore all the other energy, like natural gas and the liquid version of l. n. g. why do you suppose that is? i think it's for a couple of reasons. first of all, it's an excellent question, and it's an excellent time to be pondering that question. as we move towards, i think, being more focused for purposes of output on natural gas than we will in the future on the outputs of oil. but one reason is because, well, is a true commodity,

it can be moved pretty easily from the source of output to wherever it is needed. i can move be moved by pipeline. it can be moved by truck. it could be moved by boat . and so it's pretty uniform. there are different grades of crude oil, lighter and heavier touch crude. nevertheless, the refining happens. and for the most part, a lot of crude oil can be lumped together for purposes of comparison. and i think that that's why because the world can talk about it as a pretty big with commodity. in contrast, natural gas until recently until the advent of liquefied natural gas really was a local and regional matter. because the gas is very difficult to transport. if you don't have a pipeline, it's almost before liquid for cation next to impossible to get it to places. so

there needs to be of pipe that is built. and with liquefied natural gas essentially picks that natural gas makes it into liquid. and then there is a de la liquid cation process that gets done at the place where the natural gas is actually needed. and so it can be transported much more easily. but for decades, for, you know, i think the large majority lifespan of oil really natural gas has not been part of the same conversation. i think, for that reason and with respect to other forms of energy. i mean, the other stuff that we have out there, cole and nuclear, have their own, i'd say, very difficult sides to them. cold being the dirtiest of all the energy sources and nuclear coming with unfortunately, you know, some pretty serious life related risks. and so i think we focus largely on

oil. we haven't focused on on a natural gas as much with the advent of natural liquefied natural gas. we can make a comparison, a pretty good analogy between oil and natural gas. and the argument goes a little bit further, even that natural gas is a more, is a cleaner energy than oil is. the last thing i'd say about natural gas is that we really haven't gotten to the point where natural gas or there are other forms of gas, the power vehicles. but when we think about oil, we also think about something that hits consumers pockets very quickly, either with purposes of travel or with heating. and we now have obviously heating provided by natural gas, but we do not have transportation that is provided by by gas. net gas is used for so much here in the us and really all around the world that gas is used to heat our

homes light, our stoves, dry, our clothes, it's used for refrigeration. i mean, there's so much use for it. we sort of take all of that for granted, but that gas and it's important starting to be highlighted with the energy problem in europe right now. russia appears to be sitting on the world's largest, not gas supply, followed by iran, and then cut are the us is a very, very distant number for the collective west. doesn't really have a great relationship with the world's top to suppliers right now. so what are they going to do to meet demand? well, in the united states, we've been pretty good at satisfying our natural gas needs. and the technology of drilling and fracking has allowed it to be more efficient and more prolific in terms of output. so i don't think that we're going to have,

by way of natural gas, some sort of crisis, the likes of which we've had in the past with respect to oil and opec and embargoes and things of that sort. i think that the united states is quite self sufficient when it comes to natural gas. the fact that we don't have the same reserves quantity as some of the other nations around the world. i don't think it's going to affect us for purposes of consumption and will affect this for purposes of export. and obviously you highlighted the fact that russia is a very large supply of natural gas throughout europe. and that is a problem for europe because they have to maintain some relationship in order to go ahead and satisfy their natural gas needs. you know, cutter and, and iran don't have as much of a need for natural gas because the majority of natural gas that we use now is used . ready industrially, and it is used for purposes of heating so nor the more northern countries,

such as russia, russia, which get very cold during winter, or in desperate need of that natural gas such as europe. this winter where there's concerns about there being a lack of availability of natural gas. but i think that the us will be able to stay on its own with respect to natural gas. plus, we also need to talk about, and i assume we'll talk about an upcoming questions that there are alternative forms of energy now competing for the same space for the same usage, for the same consumption as natural gas. and so they are all turn is to go ahead and be able to focus on that gas is collected through fracking. there was major hoopla around fracking here in the us about a decade ago, given the geopolitical fights right now. does it look like america will have to reexamine its views on fracking here at home. so the

fracking issues are largely around the fact that the wells are quite deep and they are horizontal and so therefore. ready they do, potentially, in certain places go ahead, disrupt earth that is closer to the core or further down. and you're getting close to, you know, issues of tectonic plates and things of that sort. and we had issues regarding a couple things. first of all, earthquakes. and then the 2nd is the the poisoning of drinking water. and we haven't had much, by way of that recently. and so i was, if the fracturing tracking has stopped either, it certainly is not at the same pitch in terms of our

cries and, you know, i'd say mentions in the popular press and concerns that you say, you know, as you said, excuse me, a decade ago, i'd say when tracking was a much newer technology to the, to the oil and gas world. i think now it's become much more normalized. and although there, there still may very well be, you know, those, that same type of damage going on. i think drillers are more sensitive to it and so therefore they are careful when it comes to water sources and also where they are on a geographic basis. ready relative to populated areas. in addition, i think they are also smarter when it comes to technology in terms of, you know, not disturbing the earth in a way that is detrimental. david towel don't go anywhere. i have a lot more brain picking to do coming up next we will talk about the sad

irony about who needs been at gas and who owns it. we'll discuss when we return that type. the emma will be right back. i ah, ah, ah. ah need to come to the russians state

total narrative. i've tied as i'm turning the no santini div asking him then i'll slap a group in the 55 with speaking with ben in the european union. the kremlin. ca yep. machine. the state on russia for date and our t spoke neck. even our video agency, roughly all band on youtube with me. ah, quite a thought was to be titled,

i mean our how to mitchell was how your ship was through the mid i was a hair dresser, a bus driver, sales person, anyone could become a victim. ah, that's al prime negotiators 1st appeared to take with them on board to speak with us with a, a d, a minute more your board yet. but i had with my mom that on the global book, i mean it is we want to be feasible mission, an unfamiliar to be a studies force took over the serious me with this. of course it would go listen, crystal sick with ah,

welcome back to the m. o. so as the west is touting green energy as this benevolent move to save the earth, could there be a downside to going green? they've had ta will of pro chain capital is staying with us. so dave, no matter how someone feels about this green energy push, we just aren't there yet to meet the world's energy demands. we just don't have other means yet to heat everyone's homes with solar or other alternatives. what are your thoughts on this green energy sector push against fossil fuels? on this middle, i have very strong views. the united states and the world for that matter

is the largest ship in the ocean. it takes the longest amount of time out of any to go ahead and pick it. and to expect the united states and, you know, largest countries around the world. go ahead and immediately turn away from fossil fuels and turned towards renewable energy. i think, or green energy, i think is a fools errand. it's a transition that needs to go ahead and take time. but there is certainly reason for a coexistence between fossil fuels and renewable energy. i think there are detriments we haven't spoken about them yet, but there are detriments coming from green energy. they're not all, you know, as utopian as people or perfect as people would like to go ahead and, and market them. there are downsides, there are, you know, dirty secrets about a lot of forms of renewable energy. and so therefore, to go ahead and paint with

a very broad brush fossil fuels in a very bad light and paint, all green sources are renewable sources. very positive light, i think is very much misleading. and i think we should be existing longer term, even in a world that is filled with all talk, all types of energy sources to be utilized. you say that the dark side of green energy talk to me a bit about that. there are by products to every activity that we as human beings do on this plan. there is nothing that comes without a cost of some sort. there has been a fair amount of press over california as early embrace of solar panels about a decade ago. and those solar panels all have, you know, lived out their lives and they're no longer in use and they need to be changed. and

now all the sudden the solar panels which consist of glass and metal and a bunch of chemical films are now filling garbage dumps and there is no, there was no plan in place. and there has been no plan developed over the last 10 years about what to do. do we recycle these panels? is there a way to recover standing some way, and they haven't thought through that. and right now they're just piling up and garbage dumps as you get the same issue. i mean, it's not the same direct issue, but, you know, talk about wind power, right? if you put up these gigantic wind turbines, in the middle of the sea, you, if you know, destroyed some of the horizon when it comes to people, you know, going to the beach for vacation and so forth. and it certainly, you know, disrupts the sea bed when they in fact have to go and drill those deep holes in order, put those gigantic wind turbines into the,

into the sea bed. and you can make the same argument regarding fracking, which is you're messing around with bedrock, and we don't know what the repercussions of that are going to be. and you're going ahead and you're starting up with all psych, all types of life forms that are in the cm migration patterns and so forth. so i think that people don't think hard enough about this one last 4. and i think this may be the most important, at least in terms of timeliness. battery powered is renders, the amount of precious metals that are used in batteries. the powered cars is enormous. the grab around the world going on for lithium right now is incredible. there is a dearth of lithium to be found on the market. so therefore price is going to go higher price is going to be higher for the battery price is gonna go higher for the cars, therefore, and they have

a lifespan so they need to be changed every so often. they're not cheap, they're going to get more expensive. as time goes on and lithium, which is a finite resource, goes ahead and gets used up. and on top of that, mining for lithium is a very, very dirty activity. it, you know, requires heavy machinery. it goes deep into the earth and produces very harmful byproduct that need to be dumped somewhere in some water source in order to go ahead and dispose of them. and so therefore, you know, all of these things, like i said earlier, none of them are perfect and there needs to be a, you know, a very, i'd say, balanced approach. when it comes to understanding the benefits and the costs of each. and frankly, making decisions on which ones to use, in which instances i'm going to throw this in there. dave, solar panels, the lithium junk, as we call it,

it actually goes to africa. a lot of it ends up there. we don't like to put them in our own landfills, we send them the trash, we send that abroad, it ends up leaching into the ground, contaminating the land. it gets into the water there. those countries have a flex their muscles on this yet. what do you think about that? well, i think with respect to africa, you know, it is a much longer, a complicated story. politically, in terms of there being a lot of tribalism and a lot of dictatorship, unfortunately. and a real history of people in power. essentially. you know, raping the land for, for everything that it's worth and not sharing, you know, the wealth with, you know, 100000000 citizens of the continent. and i, i, you know, unfortunately, i don't,

i don't see why, you know, this next round of rich resource that could be utilized is going to change the history of africa. just to give another point on it. the that, you know, its lithium also exists in abundance down in chalet and argentina and uruguay. and there's currently turf wars going on over the lithium there. the interesting thing about all this as it relates to the united states is all the sudden, you know, if we go ahead and we champion battery powered vehicles, we now become reliant on other countries. once again for our energy source. i mean, yes, we do make the batteries here. we're going to make the car here, but the lithium comes from somewhere else. and all the sudden those people

essentially hold our strings when it comes to that. and that was something that we tried to get away from with all of the development in the united states for oil and natural gas. and we, we achieved energy independence. apparently the folks on the far left didn't care enough about that. they cared more about what they thought that energy was doing to the earth, which is now going to drive us into the hands of other governments and other nationalities that are resource rich and ways that we are. and because we just don't have lithium deposits in abundance in this country. now russia is sitting on about a quarter of the entire world known nat gas supply. the germans under, on the la merkel benefited from the north stream one pipeline so much so that germany joined russia on this joint project to build the 2nd north stream pipeline the parallel pipeline. because north stream one was really part and parcel with

what help the germans become the use number one economy. but under all law sholtes and i would say under pressure from the u. s, the germans halted, bringing northridge to online before the ukraine conflict even began. why do you think that is and i'll add this, the russians didn't retaliate economically or anything like that. so doesn't it just kind of seem like the germans have cut off their noses to spite their faces it's. it's a very difficult mix and i am not a politician. i don't think i will ever be one very difficult mix of trying to go ahead and criticize another governance human rights policies. but at the same time, knowing that you need to be a trade and business partner with them. and so you need to know, and you're going to seem contradictory at times when you're going to go ahead and

be soft on certain things and hard on other things. and they don't seem to have uniformity in terms of the approach. and i think that that's what we're dealing with here in the case of germany and russia. and i think that the german position on russia and as it relates to the russians, aggression rushes aggressions. and the same could be said, maybe for china. not necessarily with germany, but maybe with the united states. you know, on the one hand, we may not agree or, you know, germany, the united states may not agree with the policies of those other countries at times . but nevertheless, where our economies are so intertwined. and so reliant on one another, we because we have this very delicate dance that's going on. and sometimes it may not add up on, on any given day. you can look at it and, you know, have

a very up to 6 expression about what exactly is going on here. are we friends or are we enemies? or are we trying to make progress, or we try to go ahead and destroy each other. and it's very much unclear, you know, as, as a person who values piece of freedom, i'm just happy, you know, that the delicate dance keeps going on. and that there isn't, you know, a particular issue that drops the drives, the relationships, you know too much worse place. all right, we got to leave it right. bare with our friend, david, how will of pro chain capital. thank you so much for being with us. that's going to do it for this weeks episode of modus operandi the show that digs deep into foreign policy. i'm your host manila chan. thank you for tuning in. we'll see you again next week to figure out the ammo. ah, ah

ah ah ah ah ah, ah, a ah, with ah, museums are important for preserving our history so that it is lost to future

generations. but our physical museums, places themselves a relic of the past. this is one of the best museums in the world are human touch in saint petersburg. how rough he is, the director here, and i bet he has met with the fact that our western colleagues are so persistently chasing around the world demanding. the condemnation of russia speaks volumes if they use the same energy to make ukraine abide by the minsk agreements. we wouldn't need a special operation rushers for a minute or so ago for off mocking the west over its diplomatic games in africa as the visits sudan on the last thought of its regional tour with video appearing online here portal showing a ukrainian soldier executing that captured and russian, the p o w. and yet another instance of alleged war crimes committed by p. s. forces also ahead right now we are just outside.