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#1116 Matt Lohstroh On Why Every Oil & Gas Company Will Mine Bitcoin

The Pomp Podcast

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Oil and Gas - The Permian Highway

Prior to 12 months ago natural gas was at super depressed prices. It was at $2 per unit of gas which is like basically nothing sometimes in the summers when there's not much demand it was around a dollar. And so I think we were sitting right now in six eight dollars and having a dollar price swing in this day and age was like wild back down to 50%. So a lot of the so oil and gas natural gas production and flaring started skyrocketing because of two reasons more more and more drilling and to depress natural gas prices. The Permian highway coming in everyone's trying to get these pipelines here because they want to get more for their gas.

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