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

The largest fuel source for electricity is actually natural gas.

To be clear, electric is about storage, not source.

And oil and gas

is about source.

That's the difference.

You're just moving the emissions to a different location.

You're not actually changing the fact that we need more.

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All right, guys, we got Peter Snell here today, CEO of Petrovibe, an oil and gas development company.

Thanks for coming on, man.

Thanks, man.

Thanks for having me.

That's 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

the interesting thing is, is 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 you're 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 just did a, I personally did some analysis on prices, and they were running close to $68.5

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.

It's a profitable business.

And the industry in the last seven years, 10 years, really the last seven seven years has gotten really disciplined.

It 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.

Oh, yeah, 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,

it takes, 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 a tough,

it's tough because people associate electric as this solution to oil and gas when in fact it is 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.

But so the more electricity people are going to use, the more I say go do it.

Dang, I did not know that.

It's kind of ironic, though, right?

It is.

It's, to be clear,

electric is about

electric is about storage, not source.

And oil and gas is about.

uh is about source that's the difference and you you may be moving stuff out of the tailpipe and into the uh 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 coil

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 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.

Wow.

Asia's doing it too.

They're even, there's still coal plant manufacturing

coal plants being developed all over the world.

China is 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.

Yeah.

Yeah, changes that somewhere from around,

if they hit plan of all the new nuclear facilities that they're, and they're using fourth-gen nuclear, they did a good job stealing that from us,

allegedly,

but 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 is good.

They're both,

solar is 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

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.

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

sort of

distracted by politics and the utilities who weren't first in line to figure it out.

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 do, 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 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 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 are far reaching into the what we call the petrochemical side but think about your glasses you're wearing right now oil and gas really yeah your your uh sweatshirt there with your awesome picture on there oil and gas really yeah my watch uh iphones oh my gosh iphones laptops uh screens anything uh electronic uh 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 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 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 a 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 got the whole other, that's all on 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've 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 from a structure standpoint, but it's the ingenuity of the humans, human beings, 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.

Yeah, if you look back, there's some good memes on some of the headlines from Time magazine and

some other old school

headlines that we were going to,

I don't know, there's a bunch of them it's too many to to list but uh i don't think we are very good at at predicting things um that's 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 yes and 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

nobody, 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 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

by the virus and there was about a, I think a 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 2700 3 000 passengers at plus plus crew and that was how many people died so it was a really good test because it was you know confined it was confined yeah yeah and a lot of the deaths were the older people and the people with uh health conditions yes which are typically at higher risk for things even like the flu or pneumonia or the 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.

Dude.

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.

Yeah, no, which is, I mean, that was an error on our 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 bigger.

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 man's, you know, all his history.

But the fact of the matter is, 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 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

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 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.

Most of those people are so blindly

enraged in 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 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 there's the libertarians would say they've got a side.

And

I just.

The numbers aren't there for that part.

No, there's only we're in a two-party system, which is why Trump is a Republican.

Because honestly, he's probably,

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.

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 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 in 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 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.

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 3.

And he, he actually, it's a command.

When he says things in the word of God, he's not giving you a suggestion.

When he's giving you things to do, he's giving you a command and he commands you to take pleasure in the toil.

In Ecclesiastes 3, 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 created work.

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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.

He worked basically till he physically could.

And by the way, my grandfather was what most people would define as wealthy.

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 increased.

Yep.

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, man.

I try to do both.

It's good.

That's good.

I think it's important to do both.

It's good.

I do believe in 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 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.

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 2nd, but you can fact, I think it's 1st.

Towards the end of that letter,

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.

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, 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,

that have researched the evidence

and you'll never get beyond shadow of a 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.

And it just all comes back to Jesus for me.

He is overwhelmingly provable from an evidentiary standpoint.

And it's,

I just, I think claiming him, 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 is stewardship.

I wasn't always a good steward.

I talk about it all the time now because I've, he has, through what we call sanctification, his, his making me better.

It's, 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.

Even 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 like reconcile that?

Yeah.

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 you know 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 being a created being i have a standard that's higher than mine because when i talk to my partners in 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 like 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 conversation 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

sort of a meanness because I get frustrated with myself I'm a I'm a 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.

And sometimes the truth is just harsh and you just got to hear it 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.

Right.

As you can see, I'm like literally working it out in this conversation.

I get it too.

Yeah.

Do you?

Yeah.

I'm just trying to help.

And sometimes they take it the wrong way.

But you go 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?

What do you think?

People just beat around the bush, and I'm not like that, dude.

Because you don't, why?

Right?

I like quick results.

Like, I like,

what's it 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.

That's how I would do it.

In my eyes, yes.

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, because the result helps both

because they're on commission or whatever, you know.

Right.

So it's been in your people situation with your company.

Is that

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.

I mean, people are talking about the importance of fat being beautiful and stuff.

And

that's, I mean,

I don't know how diabetes and

all the health things that go along with obesity are good for anybody.

No, it's a body positivity movement.

Yeah, is that what it is?

Yeah.

I'm not very good at that stuff because I don't, I probably, I'm not in that space, obviously.

And neither are you.

No, for real, man.

I think people should just be honest and not take things too personally.

Well, and if you give them a path to make the change to get the result, I mean, what do you want to accomplish?

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 what are you trying to accomplish here do you want the result how can i help you get there right so 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 um 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 is, it's the killer of wealth, but it's, it's, 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, but he was a really intelligent and well-read American economist.

And he 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 that 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

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 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 rates, and they manage the interest rates, and so they raise interest rates.

Well, that makes it more costly to borrow money.

It makes and 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 will be, 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 a dollar is 15% of a dollar.

15% of $100 is a lot more cash, but they're not doing that.

They're saying, oh, no, if you make 100, 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 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.

It's not how, 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, we are, 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 Petrovi 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,

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 breaking even at 20%.

So if your portfolio is delivering 20%,

you're breaking even.

Basically, people aim for seven to 10.

I know, and they're getting killed.

Inflation, inflation,

they being the agency that publishes the numbers on inflation, they're saying it's 3.5% right now.

It's like 8.

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...

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 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 eight bucks, 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.

34 or 36 cents a gallon is a tax.

I didn't know that.

Yeah, somebody needs to fact check me on it.

I know it's high.

I think, and by the way, that's the federal tax.

Then you have state taxes, county taxes on your fuel as well.

Yeah, city tax too.

City tax.

I mean, there are so many taxes after you get your income from federal income tax.

So finally you pay your federal income tax.

It's unbelievable.

Like 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.

So crazy.

Yeah, I didn't even factor all this.

Oh, dude.

20% a year is tough for most people to achieve, also.

It's overwhelming.

And I'm there, there's a whole math problem to get that that, again, is you know, yeah, dude, where can people find out about Petrovibe, find out more about you, and potentially invest?

Yeah, so petrovibe.com.

That's with a Y, so P-E-T-R-O-V-Y-B-E, so petrovibe.com.

And

it's for accredited investors.

That means that folks have to meet a certain criteria in order.

And again, this is a government thing.

I didn't make the rules.

I just have to play by it.

But if you're an 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 uh the the forecasted returns are are considerably more um yeah you're not getting 20 in real estate no you're not and you're not getting this this actually forecasts um you got about 18 to 24 months before you start getting returns in this deal but on the five year it's a 3x 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, 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.

Yeah, thanks for having me, Sean.

Yep.

Thanks for watching, guys.

As always, see you tomorrow.