TRANSCRIPT (auto, accuracy estimate)

Shane Hewitt: Shane Hewitt and the Night Shift podcast. Do you ever have your friends introduce you to somebody and then you’re like, yeah, I really like that. Well, that’s a good friend to me, a friend who goes, hey, I think you’re really gonna like this.

Shane Hewitt: And you have to I said, I just returned when we’re having this conversation from Fort McMurray, Alberta, northern Alberta, uh, it is a beautiful, beautiful place, and I, so many people misunderstand that because of uh politics and agendas and all those things, but, and it’s also an economic engine for all of Canada.

Shane Hewitt: Now back to the guy who I got introduced to, uh, he is Mr. Global, on TikTok, Mr. Global, uh, he’s on Instagram and YouTube. Actually, YouTube is a great place to go, uh, at Mr. Global YouTube, even if you do what I do, uh, which is Mr. Global Oil and Gas Guy.

Shane Hewitt: That’s how I found him. Uh, Matt, how are you?

Mr Global – Matt Randoph: I am great, how are you? It’s probably best if you share what you do because you reveal um what’s truly going on with oil and gas around the world, and this has just been your career and you’re smart about it, and so you talk about it. I’m assuming you feel like people have been misled a little

Shane Hewitt: bit.

Mr Global – Matt Randoph: Yeah, so I’ve been in the oil.

Mr Global – Matt Randoph: gas industry for going on 34 years now and um I’ve always been sort of a student or extremely curious about the industry. I’ve always researched it, how everything works. I’m a little bit of a different kind of person in that respect. I I don’t just go to work to do a job, like I try to learn everything I can about it. Anyway, through my career I ended up with Big Oil. I worked with Shell for a lot of years.

Mr Global – Matt Randoph: And I was able to study abroad and Shell really developed my skill set, uh, and that’s where I got my formal appointment as an expert in the industry when I participating in it participated in writing the global standards for Shell. um, and since then, one thing at some point I realized that there’s just so much misinformation about the industry that just goes everywhere and nobody really understands our industry.

Mr Global – Matt Randoph: It’s an industry that’s due to its own fault, it’s it’s been largely secretive, uh, historically, they’ve they’ve they’ve tried to keep people from speaking about it, you know, for obvious reasons, it’s a very litigious industry.

Mr Global – Matt Randoph: And I just started talking about it just to debunk a lot of the information, a lot of the things that people believe that’s just simply not true and um this whole thing is kind of blown up really big, a lot bigger than I ever thought it would be, but that’s that’s kind of my goal, um, I don’t care about people’s politics, I don’t care who you voted for.

Mr Global – Matt Randoph: I care about the industry and I care about people knowing and understanding what’s happening and why things happen.

Shane Hewitt: Uh, yeah, and largely I I’ve always said this as a guy who grew up, you know, in in Fort Macquarie being such an oil town is that oil and gas, generally, at least in Canada, has done a terrible job sharing all of the great things that that they’ve done and one of the best things about it is, um,

Shane Hewitt: Fort McMurray was the first city in Canada to ban plastic grocery banks, did you know that? And, uh, on top of that, um, they’ve reclaimed so much land that Buffalo, uh, through the course of the course of history, uh, indigenous groups had had the the the tribes of Buffalo had all been gone.

Shane Hewitt: They’ve actually repopulated that now, um, as they’ve closed off some of the old mines, and if you ever fly over that, it doesn’t look like it used to. Some parts of it do, and some parts of it are, you know, ugly and dirty, um, but with SEGD and all the different technologies that are out there now, it is completely different than it used to be back in the day, and people don’t understand that. One of the things that I’ve shared here on the show, especially with what we’re seeing in Canada with oil and gas, is that the, the demand is going up and responsible, you know, oil processing and mining.

Shane Hewitt: is getting better and better and better, because I saw it in the early 80s when I first moved there, and let me tell you, that was ugly. There’s no doubt about it. Uh it’s so different today. What do you see as an American looking at Canadian oil? What, what are we missing as Canadians?

Mr Global – Matt Randoph: I don’t think you’re missing anything. I, I think, you know, politics always plays a role in this and and there’s people that are gonna be for and against things.

Mr Global – Matt Randoph: But, you know, Canada has one of the largest oil reserves in the world, and it’s it’s they have decades of projects that they can just go do, um, and Canada has really improved, you know, technology has changed the game completely. Uh, this industry does not look anything like it does when I started, or really 5, 10 years ago, it is, it is the technology is insane, we’re doing things in weeks now that used to take 6 months.

Mr Global – Matt Randoph: And I, that technology is, you know, it doesn’t know any borders, it’s in Canada just like it is in the United States, and, you know, they, they keep driving down their cost to produce and uh, you know, there’s, but of course the politics muddies up everything, um.

Mr Global – Matt Randoph: Oil and gas is Canada’s largest economic driver. It’s, it’s just, it’s insane. So, setting all the politics aside, I, I think it’s personally, uh, I think it’s very important for for Canada’s future and, and getting open to more markets is a huge thing for Canada right now.

Shane Hewitt: What does the rest of the world look like if Canada does open up that metaphorical pipeline to, um, oil and gas, both to the rest of the world, because one of the arguments we heard a lot of in Canada is, you know, we need to be responsible, we need to be environmental, and all those things, and, and you hear many Canadians argue the point that, well, if we were to distribute Canadian

Shane Hewitt: In oil and gas around the world, we’re gonna stop some of the dirtiest emitters from having a marketplace. Um, I don’t mean to put words in your mouth, but what do you what happens to the rest of the world if Canada were to turn up the

Shane Hewitt: tap?

Mr Global – Matt Randoph: So that is one thing that I agree with 100%, you know, the sort of the the thing that Americans have talked about with with US oil and gas production, um, is

Mr Global – Matt Randoph: You know, everyone recognized that it’s a fossil fuel, that it’s dirty, but the extraction of it, the process of producing it is cleaner in the United States than anywhere in the world.

Mr Global – Matt Randoph: Except for maybe Canada, right? So with everyone understanding that this oil is absolutely going to be produced no matter what, it seems to me like you would want it produced in in the in the most environmentally friendly way possible, and we see that in the United States, we see that in Canada, but with Canada opening up to more markets, that’s, you know, that’s gonna disrupt the apple cart, so to speak. Uh, we see that in the United States already. Today OPEC came out and they’re talking about increasing production, they see weakness.

Mr Global – Matt Randoph: In our administration with all the tariff stuff, so, so Trump blinks on tariffs, OPEC puts pressure on the United States, um, and those are the things, the challenges that Canada’s gonna have to deal with if they broaden their markets to to the global market is dealing with you know, OPEC nations and because this is an economic driver for many.

Mr Global – Matt Randoph: Uh, of the largest countries in the world, and there’s there’s sort of been a quiet war happening between all of these nations for decades, fighting over market share for oil and if Canada opens up to those markets, then they’re gonna participate in that sort of quiet war as I call

Mr Global – Matt Randoph: it.

Shane Hewitt: Refining has never really been a thing in Canada, it is in America, um, that could change, what does that look like, um, you know, generally for the market because that would

Shane Hewitt: Uh, my understanding, I mean, refineries don’t get built in a weekend, but I mean it would grossly change the landscape of what goes where, wouldn’t it?

Mr Global – Matt Randoph: Yeah, and there’s actually a lot of misinformation about refining in Canada. Uh, Canada can refine a lot more oil than people realize. Uh, they probably need one more refinery to be able to fully sustain themselves with with their own oil. Um, there’s no need to refine oil that you’re gonna ship out of the country. You only need to be able to refine, uh, what you consume unless you want to ship refined products out of the country, and I personally don’t think that’s practical for Canada.

Mr Global – Matt Randoph: Um, so the situation isn’t as dire, uh, in Canada as far as refining goes as people think it is.

Shane Hewitt: How do you, uh, how does your belly feel when you hear Trump talk about, uh, trade deficits because of energy in Canada when, you know, I think the numbers are about $100 million going one way and then uh, like a wholesale and then.

Shane Hewitt: And then refining it and reselling it everywhere else at a at a 200% margin. I mean, those numbers really don’t align for some of the messaging and as an oil and gas guy, it must, it must get you a little prickly.

Mr Global – Matt Randoph: Well, I have a trade deficit with my grocery store. They have something I need and I go buy it and it’s never a problem. But what Donald Trump doesn’t realize is he literally created the trade deficit with Canada with the OPEC 2020 deal. The trade deficit with Canada is is solely predicated on oil and oil prices. There would be no trade deficit but for oil, and when Donald Trump did the OPEC 2020 deal with OPEC, that cost a two year spike in oil prices. That ballooned the trade deficit.

Mr Global – Matt Randoph: That trade deficit he’s so worried about was literally his doing and he doesn’t even realize it, but you’re right, um, and once Canada gets open to other markets, the price of that oil is only gonna go up, the value of it’s only gonna go up, and the trade deficit with the United States is only going to increase because that is what’s driving it, the price of oil and how much we import. Uh,

Shane Hewitt: this is great, Matt, thank you for what you do. I I think it’s great. I’d love to invite you to come back anytime, um, chat about all these things as they come up and

Shane Hewitt: I, you know, people are gonna make a decision that they’re not for oil. I mean, that’s fine, but make your decision based on accurate info. And I think that that’s really my ask of everybody. I mean, I grew up in the place, I’ve seen how much it’s changed, so, um, that matters to me too, and, and, uh, Mr. Global YouTube, you’re gonna find him on there. Thanks, bud. Thanks a lot. Shane Shane Hewitt and the Night Shift on the ieartRadio Tat network.