Digital Social Hour - The Ugly Truth About 'Passive Income' – It's a Myth! I Peter Snell DSH #502

Episode Date: June 18, 2024

🔥 The Ugly Truth About 'Passive Income' – It's a Myth! 🔥 Tune in now to Digital Social Hour with Sean Kelly for a mind-blowing episode! We're diving deep into the controversial topic of 'Passive Income' with Peter Snell, the CEO of PetroVybe, an oil and gas development company. 🚀  Is passive income really passive? Peter debunks the myth and reveals the hard truth about what it takes to generate true wealth. From the unpredictability of oil prices to the hidden costs of electric vehicles, this episode is packed with valuable insights that will change the way you think about money and energy! 💡 Don't miss out on this eye-opening conversation that challenges everything you thought you knew about passive income. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Join the conversation and get the real scoop on why work is one of the most misunderstood concepts today. Trust us, you don't want to miss this one! 🔥 #DigitalSocialHour #SeanKelly #Podcast #PeterSnell #PassiveIncome #OilAndGas #Investing #MythBusters #WealthBuilding #EnergyCrisis #TuneInNow #WatchNow #SubscribeForMore #NuclearPower #RenewableEnergy #OilGasDevelopment #EconomyEnergy #DigitalSocialHour CHAPTERS: 0:00 - Intro 0:37 - Peter Snell 1:39 - Oil Prices 2:51 - Electric Cars 5:24 - Nuclear Power 9:58 - Running Out of Oil 19:58 - Apply to be on the Digital Social Hour 26:27 - Is your leadership style harsh 35:54 - Beating the loop 41:11 - OUTRO APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail] GUEST: Peter Snell https://www.instagram.com/peterasnell/ https://www.petrovybe.com/ SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

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it helps a lot with the algorithm it helps us get bigger and better guests and it helps us grow the team truly means a lot thank you guys for supporting and here's the episode all right guys we got peter snell here today ceo of petrovive an oil and gas development company thanks for coming on man thanks man thanks for man. Thanks for having me. This is awesome. First thing I heard out of you was passive income doesn't exist. Well, passive income is not passive. That's the catch there. So I've never seen so much stuff, so much energy, so much money, so much mindset go into something that is absolutely not passive. It doesn't mean you can't create passive income, but it is definitely, that was a fun conversation. There's nothing passive about

passive income in my opinion, personally. I get pitched a lot of passive oil deals, actually. I'm sure you do. I'm sure you do too. Yeah. I mean, I do actually, I have more than enough deal flow, but, but, but the interesting thing is, is passive income in the oil space. You're not, you're not operating the deal if you passive income. In the oil space, you're not operating the deal if you're investing, but that doesn't mean you're not engaged or you should be anyway. And if anyone's telling you don't worry about it, then that's probably a question you should ask the second and third and fourth question about. What's going on in the oil space right now? I saw Robert Kiyosaki said prices were kind of weird at a certain point. Yeah, prices are going to be up and down. I will tell you, prices are not as volatile as people

think. They are from month to month, quarter to quarter, day to day, but they're not year to year. So I personally did some analysis on prices, and they were running close to $68.50 a barrel for WTI over the last five years, including a pandemic. And we're running somewhere in the 80s right now, low 80s, high 70s. And so prices are going to go up and down. That's really the only thing the government can have an impact on a little bit through some of their policy is pricing. But it's a profitable business. And the industry in the

last seven years, 10 years, really the last seven years has gotten really disciplined. Used to be kind of the cowboy way in the oil and gas business, but they've learned a lot of hard lessons over the last 15 years. And those lessons are starting to come through and really pay dividends, actually, to investors. So it's a lot different now than it was even five, seven years ago. Better. It's a better investment.

Because a lot of car brands are going electric now, right? Yes. So what are your thoughts on that impacting your business? Great question. We like electricity. It requires a lot of oil and gas to actually manufacture a Tesla. Oh, wow. Yep. The battery, if you've ever seen a mine that mines the materials that go into a battery, it's a huge oil and gas fuel source that's required to run all the machinery that does that to get those

minerals out of the ground. So it's tough because people associate electric as this solution to oil and gas, when in fact, electricity needs a fuel source. And the largest fuel source for electricity is actually natural gas. Wow. So we like electricity. We like Tesla. We like batteries because everything with a plug requires power and power requires fuel. And fuel, the largest source of fuel by far is natural gas, coal right behind that. So the more electricity people are going to use, the more I say, go do it. Dang, I did not know that.

That's right. Kind of ironic though, right? It is. To be clear, electric is about storage, not source. Oil and gas is about source. That's the difference. And you may be moving stuff out of the tailpipe and into the emissions. And we can have that conversation all day, which frankly is not today, but what's going on with the climate and all that. But you're just moving the emissions to a different location. You're not actually changing the fact that we need more source. And that's why you see the return to coal in Europe. You see it-

Oh, they went to coal again? Yeah, they did. They just started shutting those down in Germany, but during the pandemic and then after that, Germany opened up, I want to say, you can fact check me on this, around 15 of their old coal plants that they had shut off. Asia's doing it too. They're still coal plant manufacturing, coal plants being developed all over the world.

China's still making them. China's trying to do nuclear too. Here's a fun fact. Nuclear is a great source of energy. But even with the proliferation of nuclear power plants in China, they have this huge commitment to do nuclear over the next 20 years or so. And the interesting thing is it's barely going to make a blip of an impact on their energy demand needs. Really? Yeah. It changes it somewhere from around. If they hit plan of all the new nuclear facilities,

and they're using fourth-gen nuclear, they did a good job stealing that from us, allegedly, that technology. But if they meet their plan, it'll move their dependence or their ability to deliver fuel for their energy demands from 5% of it being nuclear to about, I want to say, 15%. Holy crap. And that's with like 50 new nuclear facilities online. Damn. So people just don't really have a, the common consumer doesn't really have a lot of the information in their face readily available. It's on the internet, but readily available to understand that the energy demand that continues

to grow in this world is huge. And we are not in my lifetime, not in your lifetime. I know you and I are in different generations, but even your kids' lifetime, we are a long way from moving off of what people call fossil fuels. Long way, long, long, long way. Everyone thought we were going to go solar, right? Yeah, solar's good. Nuclear's good. solar's kind of an interesting play. It's both storage and source, so kind of built into one. I actually like solar. I think it's a good investment.

And so I think that's interesting. Wind is a waste. Wind is – Wind most? Yeah, wind is terrible. We don't have time for that one either, but it's not a smart play. Costs too much. The eco footprint is terrible play. Cost too much. The eco footprint is

terrible. It costs too much. There's not a really good infrastructure to support. It just doesn't generate enough power. And they haven't figured it out. I'm not saying somebody can't figure it out in the future, but I think solar is more interesting. Nuclear is definitely more interesting. Hopefully we can stop fear mongering about nuclear and solar. The problem with it is, is it's been, um, it's been sort of, uh, distracted by politics and, uh, the utilities who weren't first in line to figure it out. Yeah. I mean, the fear mongering is all the media for nuclear, all the movies, all the TV shows. It's so bad. And it's not real. But anyway, they got me on it for a while until I saw the data behind it.

And I'm like, wait, this isn't that bad. Yeah. If you see now, that's what people need to do. They need to do the research. But the research isn't in a 10 second Instagram scroll. And that's where people are living a lot. Look, and I get it, too. I mean, I'm I like Instagram.

I learn a lot of time. Look, and I get it too. I mean, I like Instagram. I learn a lot from that. But you got to do the work and you got to listen to people who are trying to be objective as they can. We all have biases, but I mean, I'm sitting here telling you, I'm an oil and gas guy and I'm telling you I like solar. So based on its merits, right?

There's a lot of work that needs to go into solar. It's not the answer, but you need alternative. We need as much source as possible and it's not going to just come from oil and gas. But I will say this, the one thing that a lot of people miss is it's not just about transportation. Our demands for fossil fuels, as it were, are far reaching into what we call the petrochemical side. But think about your glasses you're wearing right now. Oil and gas.

Really? Yeah, your sweatshirt there with your awesome picture on there. Oil and gas. Really? My watch. iPhones. Oh, my gosh. iPhones, laptops, screens, anything electronic.

All the plastics, it's all made with oil and gas. I never knew that. Yeah. I mean, it's literally, I want to say like 35, 40% of the total haul of oil and gas utilization. Holy crap. Making electronics and clothing and stuff? Yeah. So there are 6,000 everyday products that we use that require petroleum products in order to exist. I had no idea. Yeah. I think it's Energy Transfer has a pretty good little commercial they do. You can look it up on YouTube, but they have a pretty good little commercial they do that shows what life would

look like without some of those products. It's kind of neat. Growing up, I remember they said we're going to run out of gas. Is that true? Yeah, they've been saying that since the 50s and 60s. But, you know, it's a little bit a nod to the ingenuity and the innovation of human beings. There's, you know, so many different ways to extract oil and gas safely, environmentally friendly, relatively speaking, to extract hydrocarbons from the ground. And we've gone a long way towards using technology to actually discover where they are and then to get it out. I mean, it's kind of a dual process. You have geology, which is finding it, and then you have engineering, which is extracting it. And then you've then you've got the whole other, that's all on the, what we call the upstream side. And then you've got the midstream, which is transport and refinement and things like that.

And then you got downstream, which would be like your gas station. So those are the three sectors of the oil and gas business that internally we look at it as, uh, from a structure standpoint, but it's the ingenuity of, of the humans, human beings that, that really drive being able to push that whole idea back. We're a long way from running out. Yeah. They said 20 years when I was growing up, it's been almost 20 now. So. Yeah. If you look back, there's some, there's some good memes on some of the headlines from Time Magazine and some other, some headlines that we were going to, I don't know, there's a bunch of them. It's too many to list, but I don't think we are very good

at predicting things. That's clear. Yeah. You start questioning if it's by design too, if they want you in fear. Oh, it is, if you want my opinion and and it's not just an opinion there's evidence in my opinion but there's a lot of that by design i mean we just went through a pandemic a couple years ago that was completely engineered yeah um again we couldn't even talk about that three years ago i know which is stupid i was talking about it but nobody was listening well they probably shadow banned you oh yeah yeah it was uh nobody i mean i I mean, I live in Texas, and it was a fight there. I mean, you wouldn't believe some of the fighting that was going on around and the fear-mongering that was occurring.

And that's not to dismiss the fact that lives were lost and that life isn't important. That's not the issue. When you're looking at large-scale things like that, you have to be willing to look at things objectively, look at the data. There was a really interesting, it's kind of a side note, but there was a really interesting paper I read about six weeks after the pandemic started of a guy who won the, I can't remember his name, but he won the Nobel Peace Prize for his work on the AIDS virus, or vaccine, sorry, back in the 80s. And he described our response to the pandemic as a house cat attacking an elephant,

and the elephant's fear of getting scratched by the house cat, he threw himself off of a cliff. And I thought that was interesting coming from a scientist like that. I also found it interesting that he said we had all the data we needed from the ship that was located out on just on the coast of Los Angeles that was ravaged by the virus. And there was about, I think, a one, one and a half percent, unfortunately, but there was only about a one and a half percent mortality rate that the virus ran its course through 2,700, 3,000 passengers plus crew. And that was how many people died. So it was a really good test because it was, you know, it was confined. And a lot of the deaths were the older people and the people with health conditions. Yes. Which are typically at higher risk for

things even like the flu or pneumonia or the associated diseases that occur as a result of, you know, a weakened immune system. So again, it's never, death is never a good thing, but anyway, there's a lot of stuff on Fauci coming out recently. I don't know if you saw it. He made up the social distancing. It was all bullshit. I don't know if you saw it. He made up the social distancing. It was all bullshit. I didn't know that. Yeah, six feet. But I was – I'm not surprised.

I mean, the stuff that – there's so much – that guy. I don't know how that guy isn't – He knows the right people. Yeah, I guess so. I don't know how he's not in more trouble. Let's just put it at that. For real. And now Trump's in trouble.

I know, which is, I mean, that was an error on their part. I mean, they're just- He raised $200 million. What's that? He raised $200 million because of it. Yeah, I mean, even people who don't like the guy are now rooting for something that's big. They turned him from a guy you don't like or a person into an icon. They turned him into, because of their own

greed and their own hatred for the man, and honestly not being smart, they made him into a movement. It's way beyond. Trump is way bigger than Trump. And I'm not even a big fan of Trump, the man. I mean, he's a flawed man. He needs Jesus. He claims Jesus, which is great. The problem with him is all his history, but the fact of the matter is, his point is valid. If they can do this to me, they can do it to you. Absolutely. And people do not like their freedom being threatened, and that's all that those folks are doing. And frankly, I can't say that I'm too sorry they're doing it, because I do not like

what's going on right now in our government. I do not like what's going on right now in our government. I do not like what's going on with people who support that kind of stuff. It's not good for people. It's not American. Yeah. That's interesting. You don't like him living in Texas. I just assumed you were a Trump fan. Trump. I'm a fan of what he represents and the opportunity. I do like his policy. I just, I describe myself as a disciple of Jesus. I think he would describe himself that way. I think you have to do a lot more to show evidence to support that. That's not a salvation issue. Jesus did all the saving on the cross and then when he was resurrected. So defeating death and his resurrection, people who like evidence, you should look at that. There's 500 people that witnessed that. There's a whole slew of evidence

to support it. But Jesus dying and defeating death, it compels you to be more like him. And I would just like to see more of that from Trump because he claims to be a born-again believer. And I think that's possible. I don't know him personally. I probably like his history less, but I do like his policy. And I want us to be America the way it was designed.

And you may not like him as a person, but most of the time people take the Robert De Niro thing that just came up. to be America the way it was designed. And you may not like him as a person, but most of the time people take the Robert De Niro thing that just came up. Most of those people are so blindly enraged and hatred. They can't look at things objectively and say, okay, what are the results that are actually occurring here? What can we like about that? What can we not instead of just hating a man for, because you don't like him. I think that's the problem with the political system because once you label yourself, you're obviously going to side with that side for the

most part. Yeah. Well, and that's the issue. There's only two sides, which is a problem, in my opinion. I think the libertarians would say they've got a side. um i just the numbers aren't there for that no there's there's only we're in a two-party system which is why trump is a republican it could because honestly he's probably i don't i don't know that's a whole nother conversation but bottom line is is it's a it's an interesting thing that's going on in 2024 so absolutely going back to business you believe work is one of the most poorly defined and socially engineered subject matters on this planet yes i do i'm glad you business, you believe work is one of the most poorly defined and socially engineered subject matters on this planet. Yes, I do. I'm glad you brought that up because work is, we've been fed a lie from ourselves, the system that we've set up, that work is bad.

And that work is supposed to be hard and it's something to be dreaded. That's a general statement, but most people would agree that that's how the world tells you work is. I would tell you that if you go back and look at, so again, I define myself as a disciple of Jesus, so I see scripture as an authority, as the authority. So it's God's word. It's been inspired into men by the Holy Spirit to be provided to us, and you don't need any other handbooks. If you want to know how to do life, read the Bible. And I'll tell you, you can go to ESV.org and read that. There's different translations, and some aren't actually Bibles.

They're commentaries. But when you go into the definition of work, you look at how God defined work, and that's where you should start because he's the creator. I'm a created being. What basis do I really have to define work? I don't. What I have is what people tell me. Either people out there tell me on this world, or I have something that is bigger than that, something that claims evidence that was sourced from God, and He actually made work a good thing. And work is something that is defined, it's talked about throughout the Old Testament, even into the New Testament, and it's,

there are things actually that we can love about work, even if we don't like our job. Let me give you a specific example. So if, I may not like my job, I may not like my boss, I may, you know, there's all these things that you may not like about work, but there's something in your work that you can find pleasure in. And God actually talks about that in Ecclesiastes three. And he, he actually, it's a command. He's when he says things in the word of God, he's not giving you a suggestion. He's when, when he's giving you things to do, he's giving you a command and he commands you to take pleasure in the toil. And in Ecclesiastes three, that's something that came through Solomon's mouth. And I never really thought about that until I was like 47 years old.

And it really helped me redefine and dig deeper into scripture as to what did God really mean when he, you know, when he created work. Are you interested in coming on the Digital Social Hour podcast as a guest? We'll click the application link below in the description of this video. We are always looking for cool stories, cool entrepreneurs to talk to you about business and life. Click the application link below. And here's the episode, guys. God himself is a creator. Think about all the work he does. And he takes pleasure in that. There are things that you can do to take pleasure in your work, even if you don't like your specific job.

And I think if people would be on the hunt for that more, that they would find things they like, and that would drive them towards opening their mind to saying, maybe I need to go get a different job. Maybe I need to start my own business. There's a whole lot of other things. Maybe I need to look to what God wants for me in my life. Since he created me, maybe he has a better idea of what I should be, what I've actually been designed to do. And work is a good thing. By the way, there's no retirement in work. There's no retirement in the Bible. There's no retirement. I don't even understand that concept. My grandfather, he was 83 years old when he died. He had cancer. His body was riddled with it. And he worked till six months before he died. worked basically till he physically could and by the way my grandfather was what most people would define as wealthy

that he worked because he found pleasure in it and he knew that he wasn't supposed to retire because frankly he didn't want to that's how it should be it should be that way i don't believe in retirement good for you you shouldn't man i mean look at all the studies on the brain after you retire you die in like five years. You do. You're dead. You retire, you're done. Actually, that's a great correlation because I hadn't really thought about that. But I have friends who've retired early and they go back to work because they literally feel like they're dying in their 40s and 50s.

No, your aging just has increased. There's physical studies on it now, so you can't argue with it. See, you go back to the data. You're good at the data. I try to do both, you know? It's good. I think it's important to do both. It's good. I do believe in like a higher power. Good. Yeah. Do you? Okay. Even though it's not like provable. Yeah. I think there's something out there. Provable is tough. I think it, I always encourage people to look at the evidence. So when you think about God or a higher power, let's say, my view is to always look at the evidence and look at the source of the evidence. And then at some point it's going to have to come down to you weren't there,

you didn't actually witness it. What can I believe? What should I believe? What does the evidence tell me? And that's one of the things I love about Scripture is because there's overwhelming evidence to its authority, to its accuracy. If you look at how many authors came together in a book when, in fact, they are literally hundreds of years apart and are talking about similar or same things in the same way.

And there's so much connectivity to it. It's, I heard this on, that's one piece of evidence. There's 500 people that witnessed Jesus. Yeah, I didn't know that actually. You didn't? So there's testimonies of that? There is, yeah. So there's, Paul talks about it in 1 Corinthians. I believe it's 1 Corinthians. It might be second, but you can fact, I think it's first, towards the end of that letter. He, most historians that aren't even born again believers, aren't disciples of Jesus, would tell you that in the existence of Jesus himself, they would also say that Paul existed, and they would also say that his testimony in 1 Corinthians is accurate. So it's interesting to know that there's that kind of evidence. And look, people are going to

choose to believe what they want to believe, but I think when we all face the prospect of death someday, do you want that to be the end? I don't. I don't, yeah. That's my bias. I don't really want it to be the end. And if you don't want it to be the end, then you got to look at the evidence. And that's what's neat about the Bible is just don't take my word for it. Go and do, there's evidence there, and there's some books of people who are smarter than me that have researched the evidence. And you'll never get beyond shadow of of doubt provable. It's not like you witnessed it. And even your witnessing sometimes can be certainly a question mark, but it's worth the, it's worth the, the effort because death comes to all of us, every single one of us,

you and I aren't getting out of this thing alive. And so if that's the most definitive thing that we'll ever do, then I want to know what that means. I want to know if there's something else beyond that. Are we really spiritual beings and so forth? The evidence is overwhelming. There are other views. I would just challenge their evidence, and I've studied those as well. It just all comes back to Jesus for me. He is overwhelmingly provable from an evidentiary standpoint. And it's just, I think, claiming... The other thing is, I love the fact that I have a Lord and Savior because I'm not governed by my own standard. That's something in our business that I've made part of it as a stewardship. I wasn't always a good steward. I talk about it all the time now because he has,

through what we call sanctification, his making me better. It's a purification process. I'm already saved. He did that work. I didn't do it. He did it. I accepted it. I love that because I don't have to stand on my own. I don't have to stand on my own performance because it would be atrocious.

Think of it this way. If I sinned only three times a day for my entire life, it'd be like 180,000 sins. How do you reconcile that? If perfection is, and perfection is, the standard. Well, I don't want to have that record. I'm not going to say I was pretty good 97% of the time. I wasn't three. It's a lot. And so I love the fact that I can have a Savior and then a Lord who can guide me because He created me anyway. And I love the fact that I can have a Savior and then a Lord who can guide me because He created me anyway. And I love the fact that being a created being, I have a standard that's higher than mine. Because when I talk to my partners in business, when I talk to, more importantly, my first ministry, my family, which is my wife and my two daughters,

when I talk to them and when I lead them, I want them to know that I'm being governed by a standard that's better than me, that's higher than me, so that they know that I am working for something that's greater. I'm not going to make excuses. I'm going to have to, I'm subject to that standard. So that's something that they can look at and go, hey, this is, he's thinking bigger than himself. So when he does screw up, because I will, and I do, but hopefully less and less, right? I'll be able to lean back on that standard, which I get through the authority of scripture and through prayer with the Holy Spirit to God. And some people call you very transparent, very harsh. Would you say your leadership style is pretty hard in the business

setting? Yeah, that's a good question. I am transparent and I'm also sometimes harsh. Being transparent actually leads to a harshness or what other people I think would refer to me as harsh. I have a hard time swallowing that, to be honest. It's something I'm working on because I don't believe truth is designed to be harsh, but it can be. And if you don't like the truth, then that's understandable. I don't always like the truth. And the truth isn't my truth, your truth. It's the truth. It's God's truth. So if there's anybody who can own truth, it's God. But when I think about it in context of business and home and everything that I do in life, I like to have conversations that are about the things we need to talk about, because there's plenty of conversations going on about things that are completely useless and unnecessary and just, you know, kind of down here when we should be having conversations about this. And sometimes that truth can be harsh, or if I say it directly or demand that a result is achieved, then it can be considered harsh. Sometimes you can, sometimes that can border into, um, sort of a

meanness because I get frustrated with myself. I'm as I'm, uh, I'm probably my greatest critic to be honest. And so, but I wouldn't put anybody else in it. I'm only going to do to somebody else what I would do to myself when it comes to those harsh moments. Um, and sometimes, sometimes the truth is just harsh and you just got to hear for what it is. You can't sugarcoat it. You shouldn't. Maybe there's times you should be a little bit nicer. And that's something I'm working through. I think there are times when I may be trying to cut too much of an edge when I don't, when I'm not making an account for somebody that, you know, maybe they're in a particularly vulnerable situation and I need to like, maybe that isn't the moment. And I tend to have difficulty doing that because I always think to err on the side of cut the edge because it's going to make the greatest impact.

Well, sometimes it may just drive people away. So, um, as you can see, I'm like literally working it out on this conversation. So I get it too. Yeah. Do you? Yeah. I'm just trying to help. And sometimes they take it the wrong way, but I'm just straight at it. Yeah. I'm just being honest. I don't know if it's the autism or like, I just, I don't know. I'm just trying to be honest. Do you, I mean, it just like, what's your biggest challenge in that kind of scenario? Like, what do you think people just beat around the bush? And I'm not like that, dude. Cause you don't, why? why? I like quick results. I like – what's the saying?

Kill what you eat. Yeah. So if you're not performing at the level that I want, then I'm just going to tell you. But you're doing them a favor. In my eyes, yes. But they take it personally or something, and then they quit or I don't know. They feel like I'm coming at them in a negative way, which I'm not trying to. You're really trying to help and you're trying

to get the result is really. Yeah. For both of us. Cause the result helps both. Right. Cause they're on commission or whatever, you know? Right. So it's been in your people's situation with your, your company. Is that? Uh, it's been there. It's been personal, personal lives with friendships. You know, I'm very honest with my friends. If I feel like they're gaining weight, I'm going to tell them. And then sometimes as you should, because no one else will. No one else will. Yeah. Yeah. I mean, people are talking about the importance of fat being beautiful and stuff. And that's, I mean, I don't, I don't know how diabetes and, and all the health things that go along with obesity are good for anybody.

Nah. Yeah. The body positivity movement. Yeah. Is that what it is? Yeah. I've, I'm not very good at that stuff because I don't, I probably, I'm not in that space, obviously. Yeah. And neither are you. No, for real, man. So, so I think people should just be honest and not take things too personally. Well, and if you give them a path to make the the change to get the result i mean what do you what do you want to accomplish is that is typically how i'll turn it back to somebody to who's struggling with the truth is is how do you want to what are you trying to accomplish here do you want the result how can i help you get there right i like that framework because that shows you're trying to help them you're not just insulting them for no reason. Which I do do consistently. I think it's sometimes I don't get all the way to the

end because they're like, I've had enough of that. Right. So that's where I got to find a way. Maybe I don't know. I'm going to be who I was designed to be. That doesn't excuse being mean. So maybe that's where I got to find a little bit. Yeah. I also want to talk about this loop that you believe is killing everyone right now. Inflation, taxation, consumption. Yeah, that's a good one. So it's the killer of wealth, but it's funny because, you know, inflation, and it is, inflation, taxation, and consumption. Inflation is a, it is Milton Friedman who was, he's passed away away but he was a really intelligent and well-read American economist and he said that inflation is taxation without representation and he's 100%

right because the government they manage monetary policy and so what that means is is they've created a system man there's so much we could do is, is they've created a system, man, there's so much we could do on this, but they've created a system where basically they manage the valuation of money, the flow of it, everything related to it. And so because of that, they can use it as a tool to manipulate and manage things. And some people say, oh, that's ridiculous. It's not. Follow the evidence. Once again, let's go back and look at the evidence. And what happens essentially is inflation is, it is this taxation without representation where they pump a lot of money into the system, which makes every single dollar that already exists in the system less

valuable. If you have more of it, it has less value. That's why Bitcoin is so unique and so interesting because it has this finite limitation, which the dollar bill does not. And so you get caught in this monetary policy loop. Anyway, they inflate essentially or superheat the cost of goods because it requires more. Everyone's getting more and it seems really nice that first year. But then what happens is, is it costs more to do everything. But wages don't keep up with that at all, not even close. And so inflation is basically devaluing the money you have already in the bank. And it's also devaluing the money that you're earning. And so it's devalued by the way the system works. They pump more money in and then interest rate, and they manage the

interest rates. And so they raise interest rates. Well, that makes it more costly to borrow money. It drives prices up. And so inside that mechanism, now you have dollars that you and I are both trying to earn right now, today, in the work we are doing by sitting here. And our dollar that we haven't even earned yet will be worth less tomorrow because of the way they run the system. After that, if you make more, because we work harder, we do more, maybe smarter, right, to make more income. Well, they're going to tell you, hey, look, that's great, but we're going to tax you at a higher rate. So not only are we going to take more total dollars from you because 15% of, of a dollar is 15% of a dollar. 15% of a hundred dollars is a lot more cash, but they're not doing that. They're saying, Oh no, if you make a hundred, we're going to tax

you at twice the rate. So not only is the amount more, but the rate is more. So now I'm paying exponentially more in taxes on top of a lower value dollar. And so they devalue it, then they take it, then they take more of it, and then they throw you into this system that they sponsor a whole entire economy that's based on useless consumption. Now, there's good consumption, right? Consuming our homes. We need things to live every day.

But the consumption that I'm speaking of is the useless, needless crap. Do I really need it? I have eight pairs of cowboy boots. Do I really need another pair of cowboy boots? I don't. And I'm guilty of it too. I'm not sitting here saying I'm perfect. What I'm saying is, is the system is built so that you will divert more and more of your money into useless crap into the system to keep the till running.

That's the loop. Buy more useless crap. That'll infuse back into the economy. That drives the GDP up. So we're all happier. Wow. That's not what's happening. What's happening is our dollars are worth less. We're paying more in taxes than we ever are, than we ever have been. And we're being persuaded, influenced to buy a bunch of useless crap we don't need to keep this system moving. And our lifestyles are well beyond need. Even people in much lower socioeconomic classes have plenty, and that's part of the whole rest of the system. But that loop is just running, and it's really looping downward.

It's a spiral into an oblivion. I mean, that's why our deficit is so high as a country. All we do is borrow from ourselves, and we're getting to the point where we're borrowing beyond ourselves. It's a bad loop, and that's one of the problems that we like to think we're solving with Petrovibe and really getting on top of that. We've created a project or a model with a project in it, multiple projects coming down the road where we're actually investing in something we need in the development of oil and natural gas. So we're investing in the development of that and we're providing folks who are the right fit for that an opportunity to come in as partners in that and actually build wealth well beyond inflation. The returns are forecasted to beat inflation.

It's tax advantaged. And then there's other opportunity on that with the reinvestment. So instead of getting your money and putting it in your pocket passively, you're actually reinvesting in the model because you've chosen that at the beginning where your money's going back to work for you before it comes through the whole inflation and taxation system. So you're actually beating this loop by investing in a model like this. And we're not the only, like this is one option, right? There are other options out there that have high forecasted returns with some risk that some in the oil and gas business, not nothing like what we're doing in oil and gas, but there's other investment vehicles out there

where people can actually get in front of inflation. And by the way, you've got to have, if you're not doing more than 20, you're, you're breaking even at 20%. So if your portfolio is delivering 20%, you're, you're breaking even basically. People aim for 7% to 10%. I know, and they're getting killed. Inflation, they, being the agency that publishes the numbers on inflation, they're saying it's 3.5% right now. It's like 8%. Yeah.

And it was worse. A year, year and a half ago, it was 18%. They're excluding food, fuel, and utilities. Those are the necessities. They're the necessities. And that's the point is, is the same system that's to blame for inflation. And by the way, we're all to blame. Like we all need to take personal responsibility for this. It's not just the government. We elect these people, we put them into power, and then we play into the system. We've got to do things differently. If we want different results, we're going to have

to make different choices, not just in our elections, but in our own efforts every day. Don't buy useless crap if you can't afford it. That's the very simplest way at the bottom. Don't buy things you don't need. And so when you look at the numbers, though, if you're at 20%, inflation being 8%, I mean, you're already down to 12. So you start doing the math and you break off of that, then you're taxed. And then from your tax, you're getting, let's say, a net, I don't know, four or five bucks, maybe it's eight bucks. Well, then your useless crap spend inside that $8, plus the taxes on all that useless crap is enormous because you're not just paying income taxes.

You're paying taxes to drive on the roads. You're paying taxes to fund the bridges. You're paying taxes on your fuel. $0.34, $0.36 a gallon is a tax. I didn't know that. Yeah, somebody needs to fact check me on it. I know it's high. Um, I think, and by the way, that's the federal tax. Then you have state taxes, uh, county taxes on your fuel as well. Yeah. City tax to city tax. I mean,

there are so many taxes after you get your income from federal income taxes. So you, finally you pay your federal income tax. It's unbelievable. If you think about how much money out of, let's say, a dollar we actually get in the door, it's not a lot. It's under 50 cents. It is under 50 cents easily that we actually get to consume for ourselves. Crazy. Yeah, I didn't even factor all this. 20% a year is tough for most people to achieve also. It's overwhelming.

And there's a whole math problem to get that that again is, you know. Yeah, dude, where can people find out about Petrovib, find out more about you and potentially invest? Yeah, so Petrovib.com. That's with a Y. So P-E-T-R-O-V-Y-B-E. So Petrovib.com. And it's for accredited investors that that means that, you know, folks have to meet a certain criteria in order. It's and again, this is a government thing. I didn't make the rules. I just have to play by it. But if you're accredited investor, if you don't know what that is, you probably aren't one. But if you are, it's something you can do and love for them to come in. We've got content on there and opportunities for them to learn about

it. And, you know, it's a higher risk investment than, say, real estate, but the returns are, the forecasted returns are considerably more. Yeah, you're not getting 20% in real estate. No, you're not. And you're not getting, this actually forecasts, you got about 18 to 24 months before you start getting returns in this deal. But on the five year, it's a three x multiple is the forecast, which is huge. It's wealth building. It's a wealth building opportunity. So you got to be patient. It's not for everybody, people who want cash flow and want to play into the system. Then you know, that's there's real estate out there for you. But if you need diversification, you want to do something that's going to get outside of this loop of inflation, taxation, and consumption,

this is a really good project for that. Love it. We'll link below. Thanks for coming on, Peter. Thanks, man. Appreciate you having me, Sean. Yep. Thanks for watching, guys, as always. See you tomorrow.