Operators give away marginal wells to shed plugging liability. Large companies hold thousands of low- or non-producing wells and are liable for plugging every one, so assigning a well relieves them of that cost; he says nine times out of ten they will hand one over if you call the land department and ask. He describes his own Houston oil company, where he is a partner and vice president, as picking up the "breadcrumbs" the big companies leave.
You need a company and bonding before taking assignments. He lists an LLC, insurance, and bonding: a P5 in Texas and, he believes, a Form 1006 in Oklahoma, where he also cites a surety bond. Bonds are blanket, covering many wells rather than one each. Candidate wells can be found through well-data services and state regulators' sites such as the Texas Railroad Commission and Oklahoma Corporation Commission, then checked on Google Earth or, more often, in person.
Plug-and-salvage pays when equipment value clears plugging cost. Plugging costs $30,000–40,000, against a pump jack worth around $30,000, tanks around $10,000 each, tubulars $10,000–15,000 and casing $50,000–70,000. His firm looks for wells with at least $100,000 of salvageable material, and he says selling everything can net $50,000–60,000 per free well.
Some free wells can be recompleted back into production. His team of geologists reviews geological maps and field production to identify recompletion candidates, and he says the firm has returned several donated wells to good production with very little invested, as part of how it is building the company.
XRP holders should know Ripple's origins before buying. The speaker says Ripple's technology dates to 2004, five years before Bitcoin, and is not trustless because payments ripple through layers of trust. The current Ripple emerged in 2012 under Chris Larsen and Jed McCaleb, a Mt. Gox founder, and was then called OpenCoin; the speaker owns some.
Ripple drifted from its creator's person-to-person vision. The original creator (Fugger, as the captions render it) wanted person-to-person payments, but XRP became bank-to-bank. The speaker says XLM fits that original vision more closely.
A comedy skit casts a cryptocurrency as a hopeless waitress. Diners complain she is slow, keeps collapsing, eats other tables' food, and was fine "until dessert", while one diner defends her and pays anyway. The captions never say which coin she stands for; the title tags Algorand, XRP, Solana, Fantom, Cardano and Bitcoin holders.
GeoHussarCrypto has never endured a war like this. No bill run resumption soon #holders
A crypto bull market is not coming back soon. He frames this as a rebuttal to a crypto commentator he likes and has learned from. He argues that crypto markets have never been through a war on this scale, so nobody knows what happens next. He reports that the market has been ranging lower, with all coins falling and only bitcoin "somewhat" holding up.
The war will run longer than institutions first assumed. He says institutions initially priced in a quick war and are slowly realizing it will not be one, which brings a new level of uncertainty. He expects food, fuel and precious-materials prices to rise, which he calls "not bullish", and advises preparing for the worst.
Polis Pandit$What Orwell Tells Us About Putin Today
The skit's punchline: a Dutch auction keeps the SEC away. In a comedy sketch about launching a faster, cheaper, more scalable rival to Ethereum, the answer to releasing an ICO without regulators "coming to kill me or my coin" is a Dutch auction, because the market sets the price. The claim that the SEC could not go after it is delivered as a joke, with no supporting evidence.
Polis Pandit$Why Russia's Cyber Attack on Ukraine Forebodes What's to Come
The clip makes no argument and offers no analysis. The 14-second transcript is a few lines of shouted dialogue ("Grab my hand", "Now we wait", "Keep moving!") with no stated context, claims, figures or named parties.
This is a comedy sketch, not commentary. In the 20-second clip, someone confronted during a break-in says they were "just looking at crypto" and tries to keep the other person there with an offer of beer and chocolate. It makes no claim and gives no figures.
Polis Pandit$Elizabeth Holmes Was Different From Other Founders
The banking system exploits minorities instead of serving them. He argues that the banking system, whatever one's politics, does not welcome people of color. In his view it profits from exploiting them and keeps racial groups divided so that banks can bribe politicians to pass laws in their favor.
Tuition was brought in to keep minorities out of college. He asserts that college in America was free until the 1960s. He presents tuition, which he says has risen "exponentially" every year since, as a response to minorities starting to attend university. This is his own claim, and he cites no source.
Governments cannot shut people of color out of crypto. He reports that people of color are increasingly moving into cryptocurrency and DeFi as an avenue to financial independence. Unlike education and traditional assets, he argues, crypto is something the government cannot block them from, which makes it a disruption of the status quo that governments and banks do not want.
Polis Pandit$Why You Should Care About the MyLife.com Settlement
Going deep into crypto cures financial ignorance as a side effect. He argues that a serious crypto learner picks up far more than technology, platforms or some coding. Without meaning to, they also learn finance and close what he calls a "huge chasm" of financial ignorance.
Making money fast forces a reckoning with wasted time. Once someone has learned finance and has stable income coming in, he says, they realize how much time they wasted on stocks or "deadbeat jobs". That leads them to ask what else they are doing poorly and could educate themselves on. He says this step applies beyond crypto.