
Energy News Beat Podcast (Michael Tanner, Stuart Turley)
Explorez tous les épisodes de Energy News Beat Podcast
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01 May 2024 | Will Geopolitics Kill The Markets? | 00:11:45 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covered several energy topics in his Energy News daily stand-up, including a major 900MW geothermal project in California, questioning stock market integrity and government data. He criticized the Biden administration's $7 billion solar initiative for its unrealistic financial projections. Turley also discussed a decrease in OPEC oil production, a potential $150 billion investment in global upstream M&A, and significant extensions in Norway's North Sea oil and gas fields. He concluded by highlighting the importance of global energy discussions and responsible environmental management. Highlights of the Podcast 00:00 - Intro 01:53 - U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world 03:56 - Geopolitics and Inflation Threaten to Derail Booming Stock Market 06:15 - Biden Aims to Bridge the Decarbonization Divide With $7 Billion Solar Initiative 07:51 - OPEC’s Oil Production Falls in April 08:59 - Global Upstream M&A Market Poised for $150 Billion Injection in 2024 09:57 - Norway to extend life of mature Brage oil and gas field in North Sea with new Bestla offshore tie-in 10:59 - Outro Please see the links below or articles that we discuss in the podcast. U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the worldIt is a common misconception that renewable energy is hidden in large production plants. Instead, it is found in the sun, in the wind or in an unprecedented source that the whole planet is looking for […] Geopolitics and Inflation Threaten to Derail Booming Stock MarketThe S&P 500 index achieved its best first quarterly performance since 2019. Economic data, such as low unemployment and GDP growth, indicates positive conditions for corporate profitability. Geopolitical conflicts and rising bond yields contributed to […] Biden Aims to Bridge the Decarbonization Divide With $7 Billion Solar InitiativeWealthy nations and individuals have greater capacity to transition to clean energy, leaving poorer communities more vulnerable to climate change. Within wealthy nations, disparities exist in access to incentives for green technology adoption, such as […] Global Upstream M&A Market Poised for $150 Billion Injection in 2024Global upstream M&A deals could reach $150 billion in 2024, surpassing the first quarter’s $64 billion mark. North America, particularly the US shale sector, remains the driving force, with $80 billion of assets on the […] OPEC’s Oil Production Falls in AprilOPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices. According to the survey, the results of which were […] Norway to extend life of mature Brage oil and gas field in North Sea with new Bestla offshore tie-in(Bloomberg) – Norway will add a new offshore oil and gas development in the North Sea, extending the life of a nearby field that has been in operation for over three decades. Okea ASA will […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
02 May 2024 | Oil Price DROPS Below $80 | 00:18:29 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner, discusses key issues in the energy sector on the Daily Energy News Beat. He talks about TotalEnergies considering a move of its stock listing to New York for a more favorable regulatory environment and lesser ESG constraints compared to Europe. Tanner also covers challenges for U.S. Gulf Coast refiners due to limited access to heavy crude oil, influenced by supply cuts from Mexico and U.S. sanctions on Venezuelan crude. He comments on the impact of Jerome Powell’s remarks on interest rates and a build in crude oil inventories on market prices. Lastly, he reviews financial results from Chesapeake and Diamondback, noting their adaptations to market dynamics.
Highlights of the Podcast 00:00 - Intro 01:36 - TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. 04:05 - When Worlds Collide – U.S. Gulf Coast Refiners Face Challenges To Accessing Heavier Crude Oil 10:27 - Markets Update 12:18 - Large Crude Inventory Build Rocks Oil Prices 13:22 - Chesapeake Energy Corporation Q1 Earnings Report 16:02 - Diamond Energy, Q1 2024 Highlights 18:00 - Outro Please see the links below or articles that we discuss in the podcast. TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S.(Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. […] When Worlds Collide – U.S. Gulf Coast Refiners Face Challenges To Accessing Heavier Crude OilThe prospect of decreased crude oil supplies from Mexico, the top international supplier to the U.S. Gulf Coast (USGC), is creating uncertainty among heavy crude-focused refineries. Mexico’s state-owned energy company, Petróleos Mexicanos (Pemex), instructed its […] Large Crude Inventory Build Rocks Oil PricesCrude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26. This compared with a substantial draw of 6.4 million barrels for the previous […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter – Get in Contact With The Show –
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04 May 2024 | Week Recap: Biden's Rules, China's Probe, Tesla, New Geothermal | 00:26:06 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss a variety of pressing topics in the energy sector, including the Biden administration's new EPA rule requiring power plants to substantially cut carbon emissions, which stirs concerns about grid reliability and economic impact. They cover international energy politics, such as China's call for an investigation into the Nord Stream pipeline attack and Tesla's strategic movements in China's EV market. The hosts also delve into corporate disputes in the energy industry, such as the boardroom battle at Silver Bowl, and highlight advancements and challenges in alternative energy sources like geothermal power and the complexities faced by U.S. Gulf Coast refiners in sourcing heavier crude oils due to international supply dynamics. Highlights of the Podcast 00:00 - Intro 01:02 - Biden Administration Finalizes Power Plant Rule 09:27 - China calls for ‘international investigation’ into Nord Stream attack 11:25 - Tesla Partners with Baidu for Full Self-Driving Rollout in China 14:33 - Kimmeridge Releases Presentation Outlining the Urgent Need for Board Change at SilverBow 18:09 - U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world 20:14 - When Worlds Collide – U.S. Gulf Coast Refiners Face Challenges To Accessing Heavier Crude Oil 25:57 - Outro Please see the links below or articles that we discuss in the podcast. Biden Administration Finalizes Power Plant RuleENB Pub Note: I will discuss this article on the Daily Energy News Beat Stand Up. Look at the two videos at the end of the article to get a sense of the utter futility […] China calls for ‘international investigation’ into Nord Stream attackThose who oppose a UN-led probe of the incident could “have a hidden agenda,” Chinese diplomat Geng Shuang has said China’s deputy envoy to the UN has called for an international probe into the bombing […] Tesla Partners with Baidu for Full Self-Driving Rollout in ChinaTesla’s FSD system has been approved for use in China, the world’s largest car market. Tesla has partnered with Chinese tech giant Baidu for mapping and navigation software to support FSD in China. Tesla’s FSD […] Kimmeridge Releases Presentation Outlining the Urgent Need for Board Change at SilverBowDetails SilverBow’s track record of underperformance, value-destructive acquisitions, broken governance, and entrenchment maneuvers SilverBow needs experienced, independent directors who are open to assessing all value enhancing alternatives to capitalize on its limited window of opportunity […] U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the worldIt is a common misconception that renewable energy is hidden in large production plants. Instead, it is found in the sun, in the wind or in an unprecedented source that the whole planet is looking for […] When Worlds Collide – U.S. Gulf Coast Refiners Face Challenges To Accessing Heavier Crude OilThe prospect of decreased crude oil supplies from Mexico, the top international supplier to the U.S. Gulf Coast (USGC), is creating uncertainty among heavy crude-focused refineries. Mexico’s state-owned energy company, Petróleos Mexicanos (Pemex), instructed its […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
03 May 2024 | ENB #207 Rethinking Green: The Unseen Impact of ESG on Energy and Finance | 00:39:23 | |
The world is in a financial crisis and it is intentionally been implemented. Today I sit down with Paul Tice and we talk about his new book: "The Race to Zero: How ESG Investing will Crater the Global Financial System" - Paul H. Tice While getting ready for this interview, I poured through the book. He has done an outstanding job lining up ESG investing and defining "Sustainable" energy. It is really hard to wade through the fear-mongering of the mainstream media. Looking at financials and ESG investing hypocrisy is critical. Talking about the investing hypocrisy for years has been frustrating, and Paul has done a great job pulling the data and the receipts to back up his opinions. With the Biden Administration to raise taxes, investments with tax benefits are critical, and I appreciate everyone's feedback and information. One can argue that just allowing tax cuts to sunset is in itself a tax increase and will impact the middle class. Investors want their money, and the oil companies have done a better job with fiscal responsibility. The US oil companies are the best in the world at producing low-cost energy with the least impact on the environment. Energy will continue through the foreseeable future as being one of the key places the global investing market will turn to protect their portfolios. Thank you, Paul, for your time on the podcast, and I highly recommend your book to anyone in the ESG, Investing, and energy markets. No, wait, let me expand on that; anyone who wants to protect their portfolio needs to read this. - Stu Highlights of the Podcast 00:42 - Critique of ESG Investing 01:44 - ESG and the Energy Sector 03:09 - The Financial Industry's Silence on ESG Critique 05:26 - Defining Sustainable Energy 06:33 - The Financial Impact of ESG Investments 07:38 - European Energy and ESG Policies 09:46 - The Future of ESG and Energy Policies 11:02 - Global Energy, ESG, and Economic Implications 13:06 - Nuclear Energy and the Transition Challenges 14:28 - Conclusion and Future Outlook Check out Paul's book here: https://a.co/d/jdZp9IS ENB https://energynewsbeat.co/ Substack: https://theenergynewsbeat.substack.com/ Full Transcripts: https://energynewsbeat.co/conversationwithstu/ | |||
06 May 2024 | Sheffield Gets Khan'ed! | 00:40:03 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed several pressing issues in the energy sector. Key topics included Tesla's battery supplier topping the list of human rights abuses for a second year, driven by child labor concerns in cobalt mining, and the potential for a natural gas boom due to increased demand from power companies and data centers. They also critiqued the G7's agreement to end coal use by 2035 and highlighted environmental and logistical challenges in fully transitioning to renewable energy sources like wind and solar. Additionally, they delved into allegations against the CEO of an oil company potentially colluding with OPEC to influence oil prices, and the implications of this for industry regulation and corporate governance. The podcast wrapped up with discussions on various companies' earnings reports and broader market trends affecting the energy sector. Highlights of the Podcast 00:00 - Intro 01:45 -Tesla battery material supplier tops list of human rights abuses for second year in a row 07:15 - AI could drive a natural gas boom as power companies face surging electricity demand 11:18 - G7 Agrees To End Coal Use But Can It? 13:56 - Environmentalists ignore renewables’ waste 16:57 - Ban on Russian uranium helps US build nuclear fuel capacity, official says 21:02 - Markets Update 24:36 - Exxon to Close Pioneer Deal as FTC Forces Out Sheffield 39:09 - Outro Please see the links below or articles that we discuss in the podcast. Tesla battery material supplier tops list of human rights abuses for second year in a rowTesla buys battery materials from the mining giant with the most allegations of human rights abuses against it in a database of abuses tied to clean energy. Mining company Glencore has racked up at least […] AI could drive a natural gas boom as power companies face surging electricity demandNatural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers. Electricity demand is forecast to grow 20% by 2030, according to Wells […] G7 Agrees To End Coal Use But Can It?The United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. Coal as a source of power generation across […] Environmentalists ignore renewables’ wasteENB Pub Note: This is a major topic, and the land reclamation and disposal of wind and solar components need to be addressed at the front end of the projects. Farmland and landowners are getting […] Ban on Russian uranium helps US build nuclear fuel capacity, official saysWASHINGTON, May 3 (Reuters) – The U.S. has been preparing since 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a pending ban on Russian imports will […] Exxon to Close Pioneer Deal as FTC Forces Out SheffieldThe US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter – Get in Contact With The Show –
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07 May 2024 | Blackrock LOVES Oil Now? | 00:14:28 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss the infeasibility of replacing a Talen Energy coal-fired power plant with battery storage according to PJM, criticize renewable energy's cost-effectiveness, and examine a report challenging climate change narratives. They also comment on the Biden administration's fossil fuel ban in federal buildings, note a pragmatic shift among major financial institutions like JP Morgan and Blackrock regarding energy investments, and analyze Saudi Arabia's oil pricing strategy and its potential to establish a global oil price floor. Highlights of the Podcast 00:00 - Intro 01:15 - Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM 03:28 - GREGORY WRIGHTSTONE: Scientific Report Pours Cold Water On Major Talking Point Of Climate Activists 05:34 - Biden Administration Bans Fossil Fuels in Federal Buildings 07:22 - Surprise! The World’s biggest bankers are suddenly energy pragmatists 10:04 - steadies as ceasefire eludes Hamas, Israel 11:14 - Saudi Arabia’s Price Increase Could Indicate Oil Price Floor 14:04 - Outro Please see the links below or articles that we discuss in the podcast. Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJMAn 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, coal-fired Brandon Shores power plant near Baltimore, according to the PJM Interconnection. The Sierra Club’s proposed battery storage solution to fill […] GREGORY WRIGHTSTONE: Scientific Report Pours Cold Water On Major Talking Point Of Climate ActivistsThe purveyors of climate doom will not tolerate the good news of our planet thriving because of modest warming and increasing atmospheric carbon dioxide. However, a recent scientific paper concludes that an optimistic vision for Earth and […] Biden Administration Bans Fossil Fuels in Federal BuildingsThe rule, mandated by the Energy Independence and Security Act of 2007, requires federal buildings to phase out fossil fuel usage by 2030. The focus is on transitioning to cleaner electricity sources like wind and […] Surprise! The World’s biggest bankers are suddenly energy pragmatistsJP Morgan, BlackRock drop out of climate banker cabal, and admit the Net Zero transition is “delayed” In February three of the four largest financial houses in the world, left the giant financial cabal called“Climate […] Oil steadies as ceasefire eludes Hamas, IsraelHOUSTON, May 6 (Reuters) – Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a quick agreement for a Gaza ceasefire deal appeared slim, […] Saudi Aramco in Talks to Buy Shell Gas Stations in MalaysiaFour unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter – Get in Contact With The Show –
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08 May 2024 | "Shell" Games with Carbon Credits | 00:14:55 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner discusses various energy sector topics including a report by Greenpeace accusing Shell of selling millions of phantom carbon credits, the U.S. Department of Energy's plans to purchase crude oil for the Strategic Petroleum Reserve, and a general overview of the day's financial movements in oil and gas markets. Tanner critiques the effectiveness and sincerity of environmental policies, particularly highlighting the controversy and alleged hypocrisy within the environmental activist groups like Greenpeace. He also covers financial updates, mentioning specific companies like Cord and Sandridge, and provides insights into market trends and the strategic maneuvers of major oil companies. Highlights of the Podcast 00:00 - Intro 01:06 - Shell sold millions of ‘phantom’ carbon credits 05:50 - U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum Reserve 09:31 - U.S. API Weekly Crude Oil Stock 10:47 - Chord Energy Reports 12:54 - Sandridge Energy Earnings 14:41 - Outro Please see the links below or articles that we discuss in the podcast. Shell sold millions of ‘phantom’ carbon credits“Shell sold millions of carbon credits tied to CO₂ removal that never took place to Canada’s largest oil sands companies, raising new doubts about a technology seen as crucial to mitigating greenhouse gas emissions. As […] U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum ReserveENB Pub Note: I bet they don’t ever fill it. It is too close to November Elections. The U.S. Department of Energy (DOE) has announced a new solicitation to purchase oil to replenish the […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
09 May 2024 | Sanctions Don’t Work and Pipelines Matter! | 00:20:05 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss energy issues in their podcast, focusing on state energy policies, international energy dynamics, and local energy challenges. They highlight Texas's successful energy model due to its diverse sources and lower prices compared to states like California and New York. Discussions also cover Russia's strategic gas pricing to China versus Europe, the financial impacts of coal plants in Wisconsin, and the flaws in EU and U.S. energy strategies. The conversation emphasizes the importance of diverse energy sources and the complexities of global energy supply chains. Highlights of the Podcast 00:00 - Intro 01:32 - Lessons from Texas for California, New York and Other Green Virtue Signaling States 04:09 - Russia to supply China with gas by almost 30% cheaper than European consumers by 2027 – Bloomberg 06:07 - Wisconsin ratepayers, still paying off the coal plants of the past, asked for $2 billion for the gas plants of the future 10:04 - We need to talk about Chinese and US influence in Europe’s energy industry 13:14 - Markets Update 14:24 - Oil Stabilizes on Small Crude Draw 18:57 - Outro Please see the links below or articles that we discuss in the podcast. Lessons from Texas for California, New York and Other Green Virtue Signaling StatesDrops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas – one of the largest power systems in the United States – to […] Russia to supply China with gas by almost 30% cheaper than European consumers by 2027 – BloombergRussia will supply gas to China at a price 28% lower than the one for European consumers at least until 2027. Source: Bloomberg with reference to the forecast of the Ministry of Economic Development of the Russian […] Wisconsin ratepayers, still paying off the coal plants of the past, asked for $2 billion for the gas plants of the future WEC Energy Group in southeastern Wisconsin is planning to significantly expand its capacity for natural gas electricity generation, even as it has vowed to reach net-zero carbon emissions by 2050. In recent filings by […] We need to talk about Chinese and US influence in Europe’s energy industryThe EU’s climate agenda is in trouble. The Green Deal, which aims to slash the bloc’s carbon emissions by 55% by 2030, had started off promisingly after several major pieces of legislation were adopted, including its […] Oil Stabilizes on Small Crude DrawCrude oil prices recovered lost territory today after the U.S. Energy Information Administration reported an inventory draw of 1.4 million barrels for the week to May 3. This compared with a build of 7.3 million barrels estimated […]
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11 May 2024 | Week Recap: Human Rights, Policy Pivots, and the Push for Clean Energy | 00:32:47 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various energy sector topics in their podcast, focusing heavily on ethical and environmental implications of energy production. They debate the responsibilities of companies like Tesla and Glencore in addressing human rights abuses in resource procurement, criticize the lack of reclamation strategies in renewable energy sectors, and express concerns over government and corporate actions in the oil and gas industry, including market manipulation and the effectiveness of environmental regulations. Additionally, they explore the role of natural gas as a transitional fuel in achieving energy sustainability and the challenges posed by reliance on renewable energy sources without adequate backup solutions. Highlights of the Podcast 00:00 - Intro 01:14 - Tesla battery material supplier tops list of human rights abuses for second year in a row 06:44 - Environmentalists ignore renewables’ waste 09:44 - Exxon to Close Pioneer Deal as FTC Forces Out Sheffield 20:05 - Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM 22:14 Biden Administration Bans Fossil Fuels in Federal Buildings 23:58 - Shell sold millions of ‘phantom’ carbon credits 28:40 - Wisconsin ratepayers, still paying off the coal plants of the past, asked for $2 billion for the gas plants of the future 32:37 - Outro Please see the links below or articles that we discuss in the podcast. Tesla battery material supplier tops list of human rights abuses for second year in a rowTesla buys battery materials from the mining giant with the most allegations of human rights abuses against it in a database of abuses tied to clean energy. Mining company Glencore has racked up at least […] Environmentalists ignore renewables’ wasteENB Pub Note: This is a major topic, and the land reclamation and disposal of wind and solar components need to be addressed at the front end of the projects. Farmland and landowners are getting […] Exxon to Close Pioneer Deal as FTC Forces Out SheffieldThe US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. […] Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJMAn 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, coal-fired Brandon Shores power plant near Baltimore, according to the PJM Interconnection. The Sierra Club’s proposed battery storage solution to fill […] Biden Administration Bans Fossil Fuels in Federal BuildingsThe rule, mandated by the Energy Independence and Security Act of 2007, requires federal buildings to phase out fossil fuel usage by 2030. The focus is on transitioning to cleaner electricity sources like wind and […] Shell sold millions of ‘phantom’ carbon credits“Shell sold millions of carbon credits tied to CO₂ removal that never took place to Canada’s largest oil sands companies, raising new doubts about a technology seen as crucial to mitigating greenhouse gas emissions. As […] Wisconsin ratepayers, still paying off the coal plants of the past, asked for $2 billion for the gas plants of the futureWEC Energy Group in southeastern Wisconsin is planning to significantly expand its capacity for natural gas electricity generation, even as it has vowed to reach net-zero carbon emissions by 2050. In recent filings by […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
13 May 2024 | 25 States Sue Over EPA Plant Rules | 00:22:07 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss a range of topics concerning energy and environmental policies. They cover several states suing the EPA over power plant regulations deemed unachievable, New York's faltering climate initiatives, and the challenges the U.S. faces in supplying enough power for its high-tech ambitions. Additionally, they talk about a House bill aimed at reducing bureaucratic hurdles around nuclear power, emphasizing its potential for providing reliable and clean energy. The episode also highlights the International Energy Agency's report on the need for low-cost solutions to provide billions with access to modern cooking facilities, stressing the significant health and environmental benefits. Lastly, they touch upon the financial markets, noting trends in oil prices, rig counts, and overall market movements. Highlights of the Podcast 00:00 - Intro 01:26 - 25 States Sue EPA Over Unachievable Power Plant Regulations 03:45 - New Climate Reality is Passing New York By 06:08 - There’s Not Enough Power for America’s High-Tech Ambitions 09:20 - US House passes Rep. John Curtis’ bill to remove ‘red tape’ around nuclear power 11:03 - Low-cost solutions can give billions access to modern cooking by 2030, but the world is failing to deliver 15:28 - Markets Update 20:57 - Outro Please see the links below or articles that we discuss in the podcast. 25 States Sue EPA Over Unachievable Power Plant RegulationsWest Virginia and Indiana are leading a group of 25 states asking for the U.S. Court of Appeals for the District of Columbia to declare the U.S. Environmental Protection Agency’s new rule on coal, natural […] New Climate Reality is Passing New York ByNote: For quite a while now I have put my Citizens Guide to the Climate Act article as the top post on the website because it summarizes the Climate Leadership & Community Protection Act (Climate Act). This post updates my […] There’s Not Enough Power for America’s High-Tech AmbitionsATLANTA—Bill Thomson needs power fast. The problem is that many of the other businesspeople racing into Georgia do too. Thomson heads marketing and product management at DC Blox, which in recent years built a […] US House passes Rep. John Curtis’ bill to remove ‘red tape’ around nuclear powerWASHINGTON — The U.S. House of Representatives approved a bill Wednesday aimed at accelerating nuclear power projects, which was sponsored by Utah Rep. John Curtis. Curtis, a Republican and founder of the Conservative Climate Caucus, has […] Low-cost solutions can give billions access to modern cooking by 2030, but the world is failing to deliverWomen and children bear brunt of harm from lack of clean cooking, which can be solved with modest investment, bringing major benefits in terms of health, development, gender equality and climate Nearly one in three […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
14 May 2024 | EIA Lowers Price Forecast | 00:20:47 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key headlines including the USA EIA lowering its Brent oil forecast, the EU's new sanctions against Moscow and Minsk, the potential for nuclear energy to address Texas's grid reliability, and Chinese firms developing oil and gas fields in Iraq. They also delve into market updates and the controversial accusation of U.S. shale companies colluding to manipulate oil prices, highlighting the complexities and challenges facing the oil and gas industry. Highlights of the Podcast 00:00 - Intro 01:11 - USA EIA Lowers Brent Oil Price Forecasts 06:19 - EU Unleashes Sweeping Sanctions Against Moscow and Minsk 07:52 - Addressing Texas grid reliability: Time to go nuclear? 09:58 - Chinese firms to develop oil and gas fields in Iraq 13:21 - Markets Update 15:00 - US shale companies accused of collusion over oil price 20:13 - Outro Please see the links below or articles that we discuss in the podcast. USA EIA Lowers Brent Oil Price ForecastsThe U.S. Energy Information Administration (EIA) lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook (STEO), which was released recently. In its May STEO, the EIA projected […] EU Unleashes Sweeping Sanctions Against Moscow and MinskThe EU proposes measures including restrictions on Russian LNG transshipment, ban on investing in key Russian LNG projects, and expanded liability for sanctions violations. Additional sanctions target Russian media outlets, state financing for EU-based political […] Addressing Texas grid reliability: Time to go nuclear?Without additional dispatchable power generation, traditionally from fossil fuels, Texas is vulnerable to power outages during peak demand periods if solar and wind power sources fall short. Thirty years after Texas’ last nuclear plant opened, […] Chinese firms to develop oil and gas fields in IraqBaghdad (IraqiNews.com) – Iraq launched a licensing round on Saturday for 29 oil and gas projects to develop huge gas reserves to help provide electricity to the country and attract foreign investments worth billions of […] US shale companies accused of collusion over oil priceThe US shale oil industry faces a barrage of lawsuits alleging some of the largest companies in the sector colluded to curb output and raise prices, after similar claims were made by US antitrust regulators. […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
15 May 2024 | Trump Targets Offshore Wind | 00:14:40 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, covers several key stories in today's Energy News Beat Daily Stand Up. Highlights include Trump's vow to issue an executive order targeting offshore wind on day one, a Bloomberg study warning of $150 oil, major oil companies shifting back to core businesses over ESG, a significant decrease in Suez Canal shipping traffic, and California gas prices potentially rising due to a hidden annual tax increase. Turley discusses the implications of these stories, expresses concern over environmental and economic impacts, and invites industry experts for further discussion. Highlights of the Podcast 00:00 - Intro 01:44 - Trump Vows Day One Executive Order Targeting Offshore Wind 04:15 - New Bloomberg Study Warns of $150 Oil 05:50 - Profits Over ESG as Supermajors Pivot Back to Their Core Business 09:52 - Suez Canal Sees Significant Decrease in Shipping Traffic 10:53 - California Gas Regulators Ensure Prices Might Never Go Down With Hidden 50 Cent Annual Tax Increase 13:30 - Outro Please see the links below or articles that we discuss in the podcast. Trump Vows Day One Executive Order Targeting Offshore WindDonald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president, making his most explicit threat yet toward the growing industry. The presumptive Republican nominee derided […] New Bloomberg Study Warns of $150 OilA recent release sent to Rigzone by Bloomberg Intelligence (BI) warned that, according to a new analysis by BI and Bloomberg Economics (BE), “an escalation to a direct war between Israel and Iran could result […] Profits Over ESG as Supermajors Pivot Back to Their Core BusinessThree years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […] Suez Canal Sees Significant Decrease in Shipping TrafficThe Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted in its latest Maritime Security Threat Advisory (MSTA). According to the MSTA, which was released this week, this traffic more than […] California Gas Regulators Ensure Prices Might Never Go Down With Hidden 50 Cent Annual Tax IncreaseA little-known longstanding fossil fuels reduction program that was put in place by the California Air Resources Board (CARB) could very well lead to a 50-cent per gallon cost increase for gasoline and diesel fuel sold in […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
16 May 2024 | Biden's Climate Goals Are In Trouble | 00:12:38 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses several energy-related news stories in his latest podcast. He covers CNX's $1.5 billion hydrogen fuel plant at Pittsburgh Airport, emphasizing the need for federal tax credits. Turley also critiques Biden's increased tariffs on Chinese EVs, solar cells, and batteries, arguing they hinder climate goals and harm consumers. He highlights UK businesses struggling with high energy costs and the collapse of the offshore wind industry, which faces financial losses and potential power shortages in New York City. Turley concludes with acknowledgments and invites energy experts for future discussions. Highlights of the Podcast 00:00 - Intro 02:07 - CNX plans $1.5B hydrogen fuels plant at Pittsburgh airport, but wants federal tax credit to build it 04:26 - Biden ratchets up tariffs on Chinese EVs, solar, batteries 06:04 - How tariffs threaten Biden’s climate goals 07:54 - UK businesses struggle with soaring energy costs 10:03 - Full-blown Financial Meltdown: Offshore Wind Industry’s Collapse Accelerates 11:39 - Outro Please see the links below or articles that we discuss in the podcast. CNX plans $1.5B hydrogen fuels plant at Pittsburgh airport, but wants federal tax credit to build itHARRISBURG — Natural gas producer CNX Resources said it plans to build a $1.5 billion facility at Pittsburgh’s airport to make hydrogen-based fuels, but only if President Joe Biden’s administration allows coal mine methane to […] Biden ratchets up tariffs on Chinese EVs, solar, batteriesThe Biden administration moved Tuesday to block China’s access to the American market for clean energy technology by doubling duties on solar cells and effectively quadrupling the price of electric vehicles from China. The actions […] How tariffs threaten Biden’s climate goalsPresident Joe Biden is raising the price of clean energy components imported from China to accelerate America’s building spree of solar panels, batteries and electric vehicles. But it jeopardizes the United States’ goal of slashing […] UK businesses struggle with soaring energy costsA recent report from Centrica Business Solutions reveals that more than half (56%) of UK businesses plan to increase their onsite energy generation capacity within the next two years. The report, titled “How data, onsite […] Full-blown Financial Meltdown: Offshore Wind Industry’s Collapse AcceleratesAmerica’s offshore wind industry is collapsing, both figuratively and literally. Offshore turbines have grown in capacity and size to the point where they simply collapse into the ocean. As do the financial prospects of those […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
18 May 2024 | Week Recap: States Sue EPA, Biden Raises Tariffs, Trump Targets Wind | 00:20:56 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart and Michael discuss a lawsuit by 25 states against the EPA over power plant regulations, Representative John Curtis' bill to reduce red tape around nuclear power, and the EIA's lowered Brent oil price forecast. They also cover allegations of collusion among U.S. shale companies, Trump's planned executive order to halt offshore wind projects, and the Biden administration's increased tariffs on Chinese clean energy technology, highlighting concerns about the impact on energy prices, environmental policies, and industry practices.ate goals. Amidst the complexities, there's a call for more targeted policies to promote clean energy adoption and address environmental challenges without hindering innovation or economic growth. Highlights of the Podcast 00:00 - Intro 00:49 - 25 States Sue EPA Over Unachievable Power Plant Regulations 03:03 - US House passes Rep. John Curtis’ bill to remove ‘red tape’ around nuclear power 04:39 - USA EIA Lowers Brent Oil Price Forecasts 09:44 - US shale companies accused of collusion over oil price 14:56 - Trump Vows Day One Executive Order Targeting Offshore Wind 17:25 - Biden ratchets up tariffs on Chinese EVs, solar, batteries 19:01 - How tariffs threaten Biden’s climate goals 20:46 - Outro Please see the links below or articles that we discuss in the podcast. 25 States Sue EPA Over Unachievable Power Plant RegulationsWest Virginia and Indiana are leading a group of 25 states asking for the U.S. Court of Appeals for the District of Columbia to declare the U.S. Environmental Protection Agency’s new rule on coal, natural […] US House passes Rep. John Curtis’ bill to remove ‘red tape’ around nuclear powerWASHINGTON — The U.S. House of Representatives approved a bill Wednesday aimed at accelerating nuclear power projects, which was sponsored by Utah Rep. John Curtis. Curtis, a Republican and founder of the Conservative Climate Caucus, has […] USA EIA Lowers Brent Oil Price ForecastsThe U.S. Energy Information Administration (EIA) lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook (STEO), which was released recently. In its May STEO, the EIA projected […] US shale companies accused of collusion over oil priceThe US shale oil industry faces a barrage of lawsuits alleging some of the largest companies in the sector colluded to curb output and raise prices, after similar claims were made by US antitrust regulators. […] Trump Vows Day One Executive Order Targeting Offshore WindDonald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president, making his most explicit threat yet toward the growing industry. The presumptive Republican nominee derided […] Biden ratchets up tariffs on Chinese EVs, solar, batteriesThe Biden administration moved Tuesday to block China’s access to the American market for clean energy technology by doubling duties on solar cells and effectively quadrupling the price of electric vehicles from China. The actions […] How tariffs threaten Biden’s climate goalsPresident Joe Biden is raising the price of clean energy components imported from China to accelerate America’s building spree of solar panels, batteries and electric vehicles. But it jeopardizes the United States’ goal of slashing […]
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20 May 2024 | Free Wind Energy = Free Lunch? | 00:29:09 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover a range of energy-related topics. They discuss the misconception of "free" wind energy costs, the impact of recent deadly storms in Houston on power outages, Biden's administration increasing tariffs on Chinese imports, and the declining interest in electric vehicles for the first time since 2021. They also touch on a new policy excluding Chinese companies from benefiting from the EV critical minerals tax credit and the significant merger of Crescent Energy acquiring Silver Bow Resources, enhancing its position in the Eagle Ford. Highlights of the Podcast 00:00 - Intro 01:57 - Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?” 06:17 - Widespread power outages from deadly Houston storm raise new risk: hot weather – NPR 09:32 - Biden Administration Increasing Tariffs on $18B of Imports from China 12:40 - Electric Vehicle Buying Interest Declines for First Time Since 2021: Report 15:32 - Chinese Companies Should Not Benefit From the EV Critical Minerals Tax Credit 20:27 - Markets Update 25:29 - Crescent Energy to Buy SilverBow as U.S. Shale Mergers Continue 28:21 - Outro Please see the links below or articles that we discuss in the podcast. Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?”ENB Pub Note: This is a guest post from the Pengquin Empire Reports Substack. We highly recommend supporting and following them. “In the financial world, it tends to be misleading to state ‘There is no […] Widespread power outages from deadly Houston storm raise new risk: hot weather – NPRENB Pub Note: As of 9:31 PM Saturday, 368,204 Texans were without Power. That is a significant recovery from the over 1.2 million impacted by the storm’s power outage. HOUSTON — As the Houston area […] Biden Administration Increasing Tariffs on $18B of Imports from ChinaA fact sheet posted on the White House website this week announced that U.S. President Joe Biden is directing his trade representative to increase tariffs under Section 301 of the Trade Act of 1974 on […] Electric Vehicle Buying Interest Declines for First Time Since 2021: ReportAmerican consumer interest in buying electric vehicles dipped over the past year due to concerns about charging facilities and high purchase prices, according to a recent study by automotive data and analytics firm J.D. Power. […] Chinese Companies Should Not Benefit From the EV Critical Minerals Tax CreditThe Inflation Reduction Act established the Section 30D New Clean Vehicle Credit, which includes a $3,750 critical minerals tax credit. Taxpayers are eligible for the credit if they purchase qualifying, new electric vehicles with batteries […] Crescent Energy to Buy SilverBow as U.S. Shale Mergers ContinueCrescent Energy will buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford shale formation as the U.S. oil and gas mergers continue in the second […]
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21 May 2024 | Stu Selected As Debate Moderator? | 00:15:22 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley covered several key headlines. They discussed the pressing issue of sewage pollution and the need to prioritize cleaning up waste over solely focusing on achieving net zero emissions. They also highlighted important questions that debate moderators should pose to presidential candidates regarding American energy plans, emphasizing the necessity of maintaining continuous, uninterrupted electricity supply. Additionally, they examined the weakening physical crude market, the rising LNG imports in China, and provided market updates on stocks, yields, cryptocurrencies, crude oil, and natural gas. Finally, they advised listeners to prepare for potential power outages and emphasized the importance of having a survival plan in place. Highlights of the Podcast 00:00 - Intro 01:04 - Drowning in Sewage and Dumping Money into a Climate Rathole 04:24 - Questions the debate moderators need to ask Presidential Candidates about America’s energy plans 06:37 - Traders See Weakening Physical Crude Market 09:12 - China’s LNG imports continue to rise 11:45 - Markets Update 14:37 - Outro Please see the links below or articles that we discuss in the podcast. Drowning in Sewage and Dumping Money into a Climate RatholeWe humans dream of colonizing Mars, building flying cars, and achieving immortality. Yet, amidst this fervent pursuit of futures that sometimes drift into fantasy, we’re neglecting critical problems of the present. An example is rampant […] Questions the debate moderators need to ask Presidential Candidates about America’s energy plansTo stimulate conversations at the family dinner table prior to the Presidential Debates on June 27th, hosted by CNN, and September 10th, hosted by ABC, and the Vice Presidential Debate by CBS or FOX, about the many […] Traders See Weakening Physical Crude MarketPhysical crude oil markets have weakened as demand is underperforming expectations amid sufficient supply, analysts and traders have told Reuters. Demand appears to be especially underwhelming in Europe, where the key crude grades that underpin the […] China’s LNG imports continue to riseChina, the world’s largest liquefied natural gas importer, increased its LNG imports by 31.5 percent in April compared to the same month last year, according to customs data. Data from the General Administration of Customs […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
22 May 2024 | EV Market Cooling? | 00:11:59 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covers the challenges facing the electric vehicle market, including decreased sales, high costs, and political factors. He highlights that consumer interest is waning, with many finding EVs too expensive despite potential tax credits. In finance, oil prices fell 1% due to a crude inventory build, while natural gas dropped 3%. Apache announced $700 million in asset sales to Wildfire Energy, and Phillips 66 acquired Pinnacle Midstream for $550 million. Tanner predicts a strong future for hybrids and midstream assets, given the current market dynamics. Highlights of the Podcast 00:00 - Intro 01:12 - What’s Going on with Electric Vehicles? 05:34 - Oil falls 1% as US inflation persists, dampened geopolitical risk premium 07:58 - APA Announces over $700 Million in Asset Sales from Two Transactions for Non-core Texas Properties 09:41 - Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital 11:17 - Outro Please see the links below or articles that we discuss in the podcast. What’s Going on with Electric Vehicles?2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, and EVs have been caught in the political crosshairs. The future of transportation may […] Oil falls 1% as US inflation persists, dampened geopolitical risk premiumHOUSTON May 21 (Reuters) – Oil prices settled 1% lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little […] APA Announces over $700 Million in Asset Sales from Two Transactions for Non-core Texas PropertiesHOUSTON, May 20, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) announced today the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of […] Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum CapitalTransaction advances company’s wellhead-to-market strategy HOUSTON, May 20, 2024–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
22 May 2024 | ENB #208 Congresswoman Victoria Spartz – Live update from DC | 00:16:56 | |
Victoria Spartz is the first Ukrainian American Member of Congress. She has lived the American Dream. Grew up under the former Soviet Union. Left for a better life in America when she was 20 with nothing but a suitcase and a dream. Worked her way through school. Became a successful CPA and auditor. Worked in commercial real estate and farming in Indiana. Ran for the Indiana State Senate, won. Ran for Congress and won. Just won her primary. She knows the horrors of socialism and communism firsthand and is fighting to make sure it doesn’t happen in America. Victoria believes in the American Dream and is fighting to preserve it for her daughters and all of our children. -She understands that Energy Security is National Security. Doesn’t want the U.S. Dependent on other countries – Russia or China for our energy. What a great introduction, and I am going to be quite honest – the conversation with Victoria got me a little choked up. It is wonderful to see someone in Washington care about doing the right thing. It would be great to get Victoria, and Trump on a podcast. Wow. Thank you for your time, and I look forward to our future discussions. Highlights of the Podcast 00:00 – Intro 00:42 – Background and American Success Story 01:31 – Involvement in Politics 03:08 – Vote on Funding for Ukraine 05:53 – Energy Security and Open Borders 07:24 – Critique of Current Administration’s Policies 09:14 – Energy Policies and Inflation 10:49 – Election Victory and Campaign Challenges 12:12 – Engaging with Constituents and Political Pressure 14:33 – Encouragement and Hope for the Future 16:07 – Closing Remarks and Invitation | |||
23 May 2024 | Texas Flags Endangered Lizard | 00:15:14 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner and Stuart Turley discuss several key energy topics. They cover Texas oil regulators flagging endangered species designations, the EIA warning about potential hurricane disruptions to U.S. oil and gas, and the discrepancy between countries' net zero pledges and their actual plans. They also touch on electricity demand for power plants and provide updates on the oil and gas markets, including crude oil inventory builds and natural gas price spikes. The podcast concludes with a preview of upcoming interviews and events, encouraging listeners to stay informed and engaged with energy news. Highlights of the Podcast 00:00 - Intro 01:10 - Texas Oil Regulator Flags Endangered Species Designation 03:37 - EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas 05:04 - Many countries pledge to reach net zero by 2050. Few plan for it. 07:12 - Electricity: Information on Peak Demand Power Plants 10:14 - Markets Update 11:12 - EIA Confirms Small Crude Inventory Build, Gasoline Draw 14:12 - Outro Please see the links below or articles that we discuss in the podcast. Texas Oil Regulator Flags Endangered Species DesignationIn a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and Wildlife Services (USFWS) announced that it would be listing the Dune Sagebrush Lizard (DSL) as an endangered […] EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & GasUp to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas industry than ever before, the Energy Information Administration (EIA) said on Wednesday in an in-depth […] Many countries pledge to reach net zero by 2050. Few plan for it.Dozens of countries have pledged to achieve net-zero carbon emissions within the next few decades. But the strategies — critical to halting climate change — are missing key details. Namely: how much leftover emissions will […] Electricity: Information on Peak Demand Power PlantsFast Facts This Q&A report explores peak demand power plants—known as “peakers”—that supplement other types of power plants and operate when power demand is greatest, e.g., hot summer afternoons. Peakers tend to be located near historically disadvantaged […] EIA Confirms Small Crude Inventory Build, Gasoline DrawWTI crude oil traded below $78 today after the U.S. Energy Information Administration reported an estimated inventory increase of 1.8 million barrels for the week to May 17. This compared with a draw of 2.5 million barrels for the […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
23 May 2024 | Deal Spotlight Episode #7: Exxon vs. Chevron for Hess and The Battle For Guyana | 01:12:17 | |
Guyana has emerged as one of the most prized oil assets over the last 10 years and the race to develop this asset is seen as critical to stable oil production growth over the next 10 years. Chevron has attempted to jump into this growth by purchasing Hess for a $53B price tag, seemingly giving them access to Hess's prized 30% stake in the Starbroek Block. This deal gave Chevron the future production growth it was seeking after missing out on some of the larger Permian shale deals we have seen over the last 12 months. But ExxonMobil had other plans, being the operator of this field, has experienced what it sees as a "First Of Right of Refusal" to Guyana and has petitioned to international courts to block this deal until ExxonMobil decides whether or not to "bid" on this 30% stake. Episode 7 of the Deal Spotlight felt like the perfect place to discuss the details surrounding this potential merger, and I was lucky to be able to get Bennett Williams to join me for this discussion. Bennett has spent his entire career working in the M&A space and having worked within Chevron doing corporate offshore development, brings a unique insight into this merger mess. He spent the first half of the show helping educate me on the ins and outs of offshore development, dealing with governments, and understanding how these JOAs are structured. After laying the groundwork, we dive into the details of this proposed deal, look at some of the potential language that may have been used to craft the JOA and who he thinks ultimately will prevail in this suit. This was a great educational piece for me having spent my career in the Lower48, so big thanks to Bennett for taking the time to come and deal with me! Until the next deal! Links: Bennett Williams: https://www.linkedin.com/in/bennett-g-williams/ GitHub Repo: https://github.com/Sandstone-Group/dealspotlight/tree/main/exxonchevronhess-ep7 ENB Articles: https://energynewsbeat.co/exxons-60-billion-fight-with-chevron-will-reshape-big-oil/ https://energynewsbeat.co/exxonmobil-has-no-interest-in-hess-purchase-amidst-chevron-dispute-ceo-says/ https://energynewsbeat.co/exxonmobil-makes-fid-on-6th-project-in-contested-guyana-asset/ https://energynewsbeat.co/exxonmobil-chevron-to-increase-guyana-permian-oil-production-amidst-100-billion-ma-spending/ https://energynewsbeat.co/hess-investor-d-e-shaw-to-abstain-from-voting-on-53-billion-chevron-acquisition-amid-exxonmobil-arbitration/ Highlights of the Podcast 00:00 - Intro 01:51 - Bennett Williams Background 6:03 - Differences Between Onshore and Offshore M&A 12:04 - Government and Offshore Deals 19:35 - Production Sharing Contracts (PSC) 30:16 - Importance of Guyana 36:04 - Chevron-Hess Deal Overview 43:11 - Exxon's Right of First Refusal 52:25 - Arbitration and JOA Language 01:08:20 - Exxon's Game Theory 01:09:17 - Closing Thoughts | |||
25 May 2024 | Week Recap: Wind Costs, EV Struggles, and Policy Debates | 00:21:20 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various energy topics on their podcast, covering the challenges and misconceptions around wind energy, the critical issues with electric vehicle (EV) adoption, and the political implications of environmental regulations. They highlight the inefficiencies and environmental impact of wind farms compared to natural gas plants, the financial and logistical hurdles for widespread EV use, and criticize government policies that they believe hinder energy production and inflate costs. They also touch on global pollution issues and the potential misdirection of efforts towards net zero goals instead of addressing immediate environmental concerns. Highlights of the Podcast 00:00 - Intro 01:45 - Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?” 06:04 - Chinese Companies Should Not Benefit From the EV Critical Minerals Tax Credit 09:57 - Drowning in Sewage and Dumping Money into a Climate Rathole 13:14 - Questions the debate moderators need to ask Presidential Candidates about America’s energy plans 15:24 - What’s Going on with Electric Vehicles? 18:47 - Texas Oil Regulator Flags Endangered Species Designation 21:10 - Outro Please see the links below or articles that we discuss in the podcast. Who is paying for the Free Energy Wind?- or as Penguin Empire Reports – “Who’s paying for lunch?”ENB Pub Note: This is a guest post from the Pengquin Empire Reports Substack. We highly recommend supporting and following them. “In the financial world, it tends to be misleading to state ‘There is no […] Chinese Companies Should Not Benefit From the EV Critical Minerals Tax CreditThe Inflation Reduction Act established the Section 30D New Clean Vehicle Credit, which includes a $3,750 critical minerals tax credit. Taxpayers are eligible for the credit if they purchase qualifying, new electric vehicles with batteries […] Drowning in Sewage and Dumping Money into a Climate RatholeWe humans dream of colonizing Mars, building flying cars, and achieving immortality. Yet, amidst this fervent pursuit of futures that sometimes drift into fantasy, we’re neglecting critical problems of the present. An example is rampant […] Questions the debate moderators need to ask Presidential Candidates about America’s energy plansTo stimulate conversations at the family dinner table prior to the Presidential Debates on June 27th, hosted by CNN, and September 10th, hosted by ABC, and the Vice Presidential Debate by CBS or FOX, about the many […] What’s Going on with Electric Vehicles?2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, and EVs have been caught in the political crosshairs. The future of transportation may […] Texas Oil Regulator Flags Endangered Species DesignationIn a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and Wildlife Services (USFWS) announced that it would be listing the Dune Sagebrush Lizard (DSL) as an endangered […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
28 May 2024 | US Data Center Energy Train Wreck | 00:17:12 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss significant topics such as the rising energy consumption by data centers, the surge in U.S. power demand leading to the construction of 133 new gas plants, and the skepticism around the feasibility of the energy transition. They also highlight the record-breaking power demand in Texas due to a heatwave and provide a brief update on oil and gas markets following Memorial Day. The episode emphasizes the challenges and contradictions in balancing growing energy needs with climate targets. Highlights of the Podcast 00:00 - Intro 01:48 - The U.S. Data Center Energy Train Wreck 04:22 - US Power Demand Surge Spurs 133 New Gas Plants Amid Climate Targets 08:18 - The “Energy Transition” Won’t Happen – Mark Mills 10:05 - Texas power demand breaks May record again as prices soar in heat wave 13:35 - Markets Update and Oil Prices Jump as Europe Hints at June Rate Cuts 16:18 - Outro Please see the links below or articles that we discuss in the podcast. The U.S. Data Center Energy Train WreckENB Pub Note: I had the pleasure of interviewing Ron Miller on the podcast, and here is one of his outstanding articles. I highly recommend following him on Linkedin. The U.S. and the world are […] US Power Demand Surge Spurs 133 New Gas Plants Amid Climate TargetsNearly halfway through a decade critical for mitigating climate change, US utilities and investors plan to add 133 new natural gas-fired power plants to the nation’s grid, as reported by S&P Global Market Intelligence. Additionally, […] The “Energy Transition” Won’t Happen – Mark MillsFoundational innovation in cloud technology and artificial intelligence will require more energy than ever before—shattering any illusion that we will restrict supplies. The laptop class has rediscovered a basic truth: foundational innovation, once adoption proceeds […] Texas power demand breaks May record again as prices soar in heat waveMay 24 (Reuters) – Power demand in Texas broke the record for the month of May for a second time this week on Friday as prices soared ahead of the U.S. Memorial Day long weekend […] Oil Prices Jump as Europe Hints at June Rate CutsOil prices increased over 1% on Monday due to speculation about rate cuts. The European Central Bank’s potential rate cut in June contributed to the optimism in the markets. Inflation in the euro zone has […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
28 May 2024 | ENB #209 Energy Ruminations with Douglas Sandridge – We cover the OSAGE Tribe and the wind farm troubles. | 00:47:29 | |
In this Episode of Conversations in Energy with Stuart Turley and guest Douglas Sandridge discuss the controversy surrounding the Osage wind farm, highlighting NL’s illegal mining of Osage rock and the tribe’s legal victory. They emphasize the importance of ethical and sustainable energy practices, touching on the global backlash against non-recyclable renewable energy sources. They also discuss the broader implications for land rights and the financial and environmental costs of wind and solar energy projects. The conversation underscores the need for the lowest cost and least environmentally impactful energy solutions. Thank you, Doug, for stopping by the podcast! It was great visiting with you about your LinkedIn article! 00:00 – Intro 01:31 – Renewable Energy Discussion 02:08 – Osage Winds Controversy 02:47 – Doug’s Perspective 03:31 – Responsible Energy Use 04:05 – Robert Bryce Video Introduction 06:52 – Bryce on Renewable Energy Opposition 09:46 – Doug’s Research on Osage Case 10:27 – Map of Osage Reservation 16:02 – Wind Farm Rights Issue 20:01 – NL’s Violation 25:08 – Importance of Land Rights 34:07 – Renewable Energy Lifespan Issues 39:14 – Ongoing Trial 41:00 – Ethical Energy Practices 46:37 – Closing Remarks Check out Doug’s LinkedIn HERE: Full Video and podcast HERE: https://energynewsbeat.co/enb-209-energy-ruminations-with-douglas-sandridge-we-cover-the-osage-tribe-and-the-wind-farm-troubles/ | |||
29 May 2024 | Vietnam Shifting Back To Coal | 00:27:23 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart. Turley, discusses the top energy news headlines for the day, including Vietnam shifting back to coal power due to outages, lawsuits against oil companies for climate change, the rise and fall of ESG scores, impacts of forced electrification during a storm in Houston, and a new microgrid project. It also covers the day's oil, gas, and financial markets and an acquisition in the midstream sector. Highlights of the Podcast 00:00 - Intro 03:49 - Vietnam’s shift back to coal is under EU scrutiny 06:57 - “Big Oil” companies face mounting legal challenges from climate-obsessed groups 10:22 - From noble ambition to corporate tokenism: the rise and fall of ESG 13:58 - Houston Storm Reveals Downside of Forced Electrification 16:37 - New Microgrid to Provide Resilience for a Houston Data Center and the Grid 20:08 - Market Updates 22:37 - Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction 26:32 - Outro Please see the links below or articles that we discuss in the podcast. Vietnam’s shift back to coal is under EU scrutinyA heat wave in Vietnam in May and June of last year led to major power shortages across the north of the country. Factories owned by some of the world’s largest tech firms, including South Korean tech giant […] “Big Oil” companies face mounting legal challenges from climate-obsessed groupsSuing the ONLY supply chain source for the products and fuels DEMANDED by humanity is financial stupidity! Never bite the hand that feeds you without a replacement to support the products demanded by our materialistic society. […] From noble ambition to corporate tokenism: the rise and fall of ESGAs things go up the corporate food chain, they tend to get watered down, compromised or, in extreme cases such as ESG, turned inside out. The catch-all acronym referring to a company’s environmental, social and […] Houston Storm Reveals Downside of Forced ElectrificationWe live in a world with more and more devices that require charging. Nothing shows the downside of that better than the recent storm that hit Houston, where thousands of residents still lack power. Houstonians […] New Microgrid to Provide Resilience for a Houston Data Center and the GridThe construction of a new 17-MW microgrid for ViVaVerse Solutions, a colocation data center services provider, was announced this week. Located at the former Compaq Computer/HPE headquarters in Houston, the more than 90-acre ViVa Center […] Oil up on OPEC+ meeting, summer driving season and weaker US dollarNEW YORK, May 28 (Reuters) – Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of […] Energy Transfer to Acquire WTG Midstream in a $3.25 Billion TransactionWTG Midstream Owns and Operates the Largest Private Permian Gas Gathering and Processing Business with Assets Located in the Core of the Midland Basin Expands Energy Transfer’s natural gas pipeline and processing network in the […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
30 May 2024 | Big Tech Helped Bring On An Energy Crisis | 00:11:44 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, discuss various energy news stories including Shell cutting jobs in offshore wind and focusing on oil and gas, Germany's plans to use underground gas storage for green hydrogen transportation, arguments for returning to the gold standard, criticism of big tech companies' claims of using renewable energy, falls in oil prices due to treasury auctions, and ConocoPhillips acquiring Marathon Oil to gain shale assets. Highlights of the Podcast 00:00 - Intro 01:38 - Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas 02:48 - Germany Repurposes Underground Gas Storage for Green Hydrogen 04:49 - The True Cost of Abandoning the Gold Standard 06:48 - How Big Tech Helped Bring on America’s New Energy Crisis 09:01 - Oil Falls as Weak Treasury Auction Boosts Dollar 09:56 - ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets 11:20 - Outro Please see the links below or articles that we discuss in the podcast. Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas(Bloomberg) – Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British oil major is […] Germany Repurposes Underground Gas Storage for Green HydrogenGermany’s government approved on Wednesday a draft law to enable faster development of hydrogen projects and infrastructure by fast-tracking permitting and environmental checks for hydrogen production, storage, and transportation, government sources told Reuters. The so-called Hydrogen […] The True Cost of Abandoning the Gold StandardReturning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on […] How Big Tech Helped Bring on America’s New Energy CrisisAmerica produces more energy than any other country in the world, has more energy reserves than any other country, and pioneered clean, inexpensive, and virtually unlimited nuclear energy. So why does even the Washington Post […] Oil Falls as Weak Treasury Auction Boosts DollarOil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets. West Texas Intermediate settled below $80 as equities declined. The drop pared Tuesday’s 2.7% gains, […] ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assetsThe acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
01 Jun 2024 | Week Recap: US Gas Plants, Vietnam Coal, and Tech's Impact | 00:17:43 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discussed the increasing energy demand of data centers, highlighting their significant global consumption and future growth, particularly driven by AI. They covered the impact of this demand on energy infrastructure, including the need for new gas plants and the challenges of balancing climate goals. Additionally, they addressed Vietnam's return to coal due to energy shortages, the rise of microgrids for resilient energy supply, and Shell's strategic shift back to oil and gas. The discussion concluded with a critique of big tech's role in propagandizing renewable energy while relying heavily on fossil fuels and nuclear power. Highlights of the Podcast 00:00 - Intro 00:57 - The U.S. Data Center Energy Train Wreck 03:32 - US Power Demand Surge Spurs 133 New Gas Plants Amid Climate Targets 07:25 - Vietnam’s shift back to coal is under EU scrutiny 10:33 - New Microgrid to Provide Resilience for a Houston Data Center and the Grid 13:20 - Germany Repurposes Underground Gas Storage for Green Hydrogen 15:21 - How Big Tech Helped Bring on America’s New Energy Crisis 17:33 - Outro Please see the links below or articles that we discuss in the podcast. The U.S. Data Center Energy Train WreckENB Pub Note: I had the pleasure of interviewing Ron Miller on the podcast, and here is one of his outstanding articles. I highly recommend following him on Linkedin. The U.S. and the world are […] US Power Demand Surge Spurs 133 New Gas Plants Amid Climate TargetsNearly halfway through a decade critical for mitigating climate change, US utilities and investors plan to add 133 new natural gas-fired power plants to the nation’s grid, as reported by S&P Global Market Intelligence. Additionally, […] Vietnam’s shift back to coal is under EU scrutinyA heat wave in Vietnam in May and June of last year led to major power shortages across the north of the country. Factories owned by some of the world’s largest tech firms, including South Korean tech giant […] New Microgrid to Provide Resilience for a Houston Data Center and the GridThe construction of a new 17-MW microgrid for ViVaVerse Solutions, a colocation data center services provider, was announced this week. Located at the former Compaq Computer/HPE headquarters in Houston, the more than 90-acre ViVa Center […] Germany Repurposes Underground Gas Storage for Green HydrogenGermany’s government approved on Wednesday a draft law to enable faster development of hydrogen projects and infrastructure by fast-tracking permitting and environmental checks for hydrogen production, storage, and transportation, government sources told Reuters. The so-called Hydrogen […] How Big Tech Helped Bring on America’s New Energy CrisisAmerica produces more energy than any other country in the world, has more energy reserves than any other country, and pioneered clean, inexpensive, and virtually unlimited nuclear energy. So why does even the Washington Post […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
03 Jun 2024 | Larry Fink All In on AI | 00:20:31 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy headlines, including BlackRock CEO Larry Fink's shift in stance towards dispatchable power due to AI demands, the political climate crisis versus fossil fuel debate, Vermont's new law requiring oil companies to pay for climate change damages, the push for a nuclear power renaissance, and Ottawa's attempts to regulate oil companies' climate claims. They also review recent oil market trends, including ConocoPhillips' acquisition of Marathon Oil, and speculate on future mergers in the energy sector. Highlights of the Podcast 00:00 - Intro 01:46 - Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” 04:10 - Climate Crisis vs Drill Baby Drill – Soros heir urges Democrats to hammer Trump as ‘convicted felon at every opportunity’ 07:07 - Vermont becomes 1st state to require oil companies to pay for climate change damages 10:12 - It’s Time for a Nuclear Power Renaissance Ottawa tries to muzzle oil and gas companies with huge fines for praising their climate efforts 11:49 - Ottawa tries to muzzle oil and gas companies with huge fines for praising their climate efforts 14:37 - Oil settles down ahead of OPEC+ meeting, posts weekly loss 16:39 - ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets 19:49 - Outro Please see the links below or articles that we discuss in the podcast. Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power”At the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s power grid. […] Climate Crisis vs Drill Baby Drill – Soros heir urges Democrats to hammer Trump as ‘convicted felon at every opportunity’ENB Pub Note: Make no mistakes about last week’s conviction of former President Trump. It is a referendum on climate change and one-world government control or energy freedom. Every oil and gas operator I work […] Vermont becomes 1st state to require oil companies to pay for climate change damagesENB Pub Note: This is just another example of lawfare that will only hurt consumers while projecting the climate crisis narrative. There are better ways to solve the problem. While we are at it, let’s […] It’s Time for a Nuclear Power RenaissanceOn May 29, the Biden administration announced “new steps to bolster [the] domestic nuclear industry,” such as “streamlining licensing processes for building new reactors, extending the life of existing reactors, and expanding capacity of existing reactors.” According […] Ottawa tries to muzzle oil and gas companies with huge fines for praising their climate effortsCompanies publicizing their environmental actions will have to prove the truth of every word they say, measured against undefined ‘internationally recognized methodology’ Shut up, oil and gas companies. Don’t talk about the environmental and emissions […] Oil settles down ahead of OPEC+ meeting, posts weekly lossEIA: U.S. crude output in March at highest level in 2024 U.S. inflation tracks sideways in April OPEC+ eyes deal to extend production cuts, sources say NEW YORK, May 31 (Reuters) – Oil prices fell […] ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assetsThe acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
04 Jun 2024 | Oil Prices DROP 4% | 00:17:14 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy headlines, including the U.S. House passing a bill to ban the Federal Reserve from issuing a digital currency, the swift sellout of Saudi Aramco's $12 billion IPO, and Russia's new ship-to-ship oil transfer hotspot in the Mediterranean. They also cover the growing renewable energy challenges in the U.S. Northeast, potential impacts of U.S. shale mergers on oil prices, and the sharp decline in crude oil prices following OPEC's decision to extend production cuts. Highlights of the Podcast 00:00 - Intro 01:22 - U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC 03:53 - Saudi Aramco’s $12 billion share sale sells out in mere hours 06:15 - Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean 07:52 - The renewable green energy disaster off the northeastern US is getting worse 09:35 - U.S. Shale Mergers Could Bring Steadier Oil Prices 12:58 - Oil prices fall as OPEC+ extends oil production cuts into 2025 14:11 - Oil hits four-month low as OPEC+ decision fails to allay demand worries 16:28 - Outro Please see the links below or articles that we discuss in the podcast. U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDCThe U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […] Saudi Aramco’s $12 billion share sale sells out in mere hours(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […] Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the MediterraneanFollowing a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to vessel-tracking data compiled by Bloomberg. The […] The renewable green energy disaster off the northeastern US is getting worseAslow-motion collapse in the offshore wind industry continues to grow as sticky inflation and supply chain challenges force developers to delay or cancel major projects. In particular, progress towards the Biden administration’s goal of building […] U.S. Shale Mergers Could Bring Steadier Oil PricesThe key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […] Oil hits four-month low as OPEC+ decision fails to allay demand worriesNEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […] Oil prices fall as OPEC+ extends oil production cuts into 2025Crude oil prices (CL=F, BZ=F) are falling after OPEC+ announced it will extend its oil production cuts into 2025. Traders widely expected this move, but some of those production cuts will begin to be phased out […]
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05 Jun 2024 | Africa energy Bank to Fun Oil and Gas | 00:12:26 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several key energy headlines: the creation of a $5 billion African Energy Bank to support the continent's oil and gas industry, the development of a 287 MW pumped storage hydro power facility at a former Kentucky coal mine, Turkmenistan's potential gas exports to Turkey and Europe, and the impact of an oil price plunge on BP and Shell. They emphasize the significance of localizing energy projects in Africa, the positive economic impact of repurposing coal mines, and the geopolitical implications of Turkmenistan's gas exports. They also highlight fluctuating oil prices and the potential manipulation of oil inventory data for political reasons. Highlights of the Podcast 00:00 - Intro 01:20 - $5 billion in initial capital: Africa Energy Bank created to fund continent's oil and gas industry 03:24 - Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility 04:58 - Erdogan Says Turkmenistan Could Soon Begin Gas Exports to Turkey and Europe 07:05 - Oil Price Plunge Hits BP and Shell Shares 09:54 - Markets Update 10:38 - Oil Prices Fall After API Reports 12:01 - Outro Please see the links below or articles that we discuss in the podcast. Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower FacilityRye Development will receive $81 million in funding from the Department of Energy (DOE) to convert former coal mine land in Bell County, Kentucky, into a closed-loop, 287 MW pumped storage hydropower (PSH) facility – […] Erdogan Says Turkmenistan Could Soon Begin Gas Exports to Turkey and EuropeTurkmenistan could soon begin exporting natural gas to Turkey and then Europe via the expanded Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkey’s President Recep Tayyip Erdogan was quoted as saying on Tuesday. Turkmenistan, rich […] Oil Price Plunge Hits BP and Shell SharesThe slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE […]
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06 Jun 2024 | Shell CEO Talks Reasonable Politics?! | 00:17:24 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover a range of key energy and economic issues. They discuss Senator Ted Cruz's bill to repeal Biden's natural gas tax, the strategic acquisition of an Iraqi gas field by China and Iran, and TotalEnergies' purchase of a UK gas power station. They also touch on the Shell CEO's call for political stability in the energy sector ahead of the U.S. presidential election and the FDIC's report on $517 billion in unrealized losses in the U.S. banking system, highlighting the precarious state of 63 lenders. The podcast concludes with a brief market update and a lighter conversation on conspiracy theories and the importance of financial preparedness. Highlights of the Podcast 00:00 - Intro 01:37 - Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax 06:04 - China And Iran Secure Key Strategic Iraqi Gas Field 07:53 - TotalEnergies snaps up UK gas power station in £450m deal 09:29 - Shell CEO calls for political stability around energy sector ahead of U.S. presidential election 10:49 - $517,000,000,000 in Unrealized Losses Hit US Banking System, FDIC Says 63 Lenders on Brink of Insolvency 13:11 - Markets Update 14:02 - US crude, fuel stockpiles rise - EIA 16:30 - Outro Please see the links below or articles that we discuss in the podcast. Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas TaxU.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden administration’s Inflation Reduction Act, a release posted on Cruz’s website recently announced. Rigzone asked the Cruz camp what effect […] China And Iran Secure Key Strategic Iraqi Gas FieldThe Mansuriya field, holds an estimated 4.5 trillion standard cubic feet of gas and is expected to produce around 300 million scf per day of gas at its peak. For China, the location of the […] TotalEnergies snaps up UK gas power station in £450m dealTotalEnergies has signed an agreement with EIG, a global institutional investment fund in the energy sector, to acquire the West Burton B gas power station in Nottinghamshire, England. The acquisition is valued at £450 million […] Shell CEO calls for political stability around energy sector ahead of U.S. presidential election(Bloomberg) – Shell Plc’s chief executive officer used a trip to Washington to deliver a plea for stability months before a US presidential election that threatens more upheaval in the global energy sector. Wael Sawan’s […] $517,000,000,000 in Unrealized Losses Hit US Banking System, FDIC Says 63 Lenders on Brink of InsolvencyUnrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled […] Oil rises 1% as Fed rate cut optimism offsets demand fearsHOUSTON, June 5 (Reuters) – Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
08 Jun 2024 | Week Recap: Fink AI Power, Turkmenistan Gas and China-Iran Deal | 00:14:22 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner covered various significant topics this week. Highlights included Larry Fink of Blackrock emphasizing the need for dispatchable power for AI data centers, Vermont's new law holding oil companies accountable for climate change damages, and Saudi Aramco's substantial stock offering. Additionally, there were discussions on the renewable energy market struggles, Turkmenistan's potential gas exports to Europe bypassing Russia, and China's strategic acquisition of a key gas field in Iraq, hinting at preparations for geopolitical shifts related to Taiwan. The overarching theme was the dynamic and complex landscape of global energy and its geopolitical implications. Highlights of the Podcast 00:00 - Intro 01:03 - Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” 03:27 - Vermont becomes 1st state to require oil companies to pay for climate change damages 06:29 - Saudi Aramco’s $12 billion share sale sells out in mere hours 08:37 - The renewable green energy disaster off the northeastern US is getting worse 10:20 - Erdogan Says Turkmenistan Could Soon Begin Gas Exports to Turkey and Europe 12:24 - China And Iran Secure Key Strategic Iraqi Gas Field 14:12 - Outro Please see the links below or articles that we discuss in the podcast. Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power”At the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s power grid. […] Vermont becomes 1st state to require oil companies to pay for climate change damagesENB Pub Note: This is just another example of lawfare that will only hurt consumers while projecting the climate crisis narrative. There are better ways to solve the problem. While we are at it, let’s […] Saudi Aramco’s $12 billion share sale sells out in mere hours(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […] The renewable green energy disaster off the northeastern US is getting worseAslow-motion collapse in the offshore wind industry continues to grow as sticky inflation and supply chain challenges force developers to delay or cancel major projects. In particular, progress towards the Biden administration’s goal of building […] Erdogan Says Turkmenistan Could Soon Begin Gas Exports to Turkey and EuropeTurkmenistan could soon begin exporting natural gas to Turkey and then Europe via the expanded Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkey’s President Recep Tayyip Erdogan was quoted as saying on Tuesday. Turkmenistan, rich […] China And Iran Secure Key Strategic Iraqi Gas FieldThe Mansuriya field, holds an estimated 4.5 trillion standard cubic feet of gas and is expected to produce around 300 million scf per day of gas at its peak. For China, the location of the […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
10 Jun 2024 | More Blackouts in TX?! | 00:26:55 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed various global energy issues, including New Zealand lifting its oil drilling ban due to blackout fears, Colombia's economic risks amid a natural gas shortage, rising costs associated with green energy transitions, potential rolling blackouts in Texas, and Virginia resisting California's electric vehicle policies. They also covered the U.S. efforts to replenish its Strategic Petroleum Reserve and reviewed recent oil and gas market trends and rig counts. The episode emphasized the complexities of energy policies and the economic impacts of transitioning to renewable energy. Highlights of the Podcast 00:00 - Intro 01:39 - New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer 06:24 - Colombia Risks Economic Slowdown Amid Natural Gas Shortage 09:01 - The Price of Going Green Is High 13:10 - ERCOT says Texas could face rolling blackouts in August, as Houston officials announce cooling centers 15:16 - Ignore California: Let Virginians Drive What They Want To Drive 17:51 - Markets Update 25:53 - Outro Please see the links below or articles that we discuss in the podcast. New Zealand to lift oil drilling ban amid blackout fears in blow to StarmerNew Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea. The country’s coalition government […] Colombia Risks Economic Slowdown Amid Natural Gas ShortageENB Pub Note: There is a strong correlation between economic success and low-cost energy. This article is just one example of the negative impact the LNG export ban from the Biden Administration has on the […] The Price of Going Green Is High1: People around the world are beginning to object to the increasingly expensive costs of the “energy transition” being pushed by their governments and some businesses. 2: A paper by the Climate Policy Initiative (CPI) […] ERCOT says Texas could face rolling blackouts in August, as Houston officials announce cooling centersThe report found that energy demand throughout the state of Texas could reach as high as 78,000 megawatts in August. And city and county officials will open 22 cooling centers for the summer. Energy demand […] Ignore California: Let Virginians Drive What They Want To DriveKEY TAKEAWAYS California’s policies on electric vehicles are exacerbating blackouts and restricting the ability of its residents to buy the cars they want. Virginians like gasoline-powered cars—99.39% of their vehicles have an internal-combustion engine. When […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
12 Jun 2024 | Is the dollar here to stay? | 00:16:14 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several key energy topics. They cover the skepticism around the Petro Yuan replacing the Petro Dollar, the resilience of the U.S. dollar, Europe's wavering climate ambitions amidst political shifts, Russia's clandestine oil shipments to evade U.S. sanctions, and Azerbaijan's increasing natural gas demand despite global phase-out plans. They also touch on rising natural gas prices, oil market dynamics, and potential impacts on U.S. energy production and financial stability. Highlights of the Podcast 00:00 - Intro 01:28 - The Myth of the Inevitable Rise of a Petroyuan 04:16 - Don’t Bet Against the Dollar 06:32 - Europe’s climate ambitions thrown into doubt as Green vote collapses 08:35 - Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions 10:30 - COP29 host Azerbaijan sees natural gas demand rising despite “phase-out” plans 13:03 - Markets Update 15:20 - Outro Please see the links below or articles that we discuss in the podcast. The Myth of the Inevitable Rise of a PetroyuanIn diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […] Don’t Bet Against the DollarU.S. competitors are pushing the limits of autonomy within a dollar-based system, but there isn’t a real global alternative—and the world is far from an inflection point. It has been 80 years since the Bretton […] Europe’s climate ambitions thrown into doubt as Green vote collapsesGreen parties were on track to lose seats in the European Parliament elections, provisional results showed Monday, sparking concerns that the bloc may be on the brink of scaling back its climate policies. The left-leaning Greens/European Free […] Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US SanctionsENB Pub Note: An excellent article from Bloomberg. Although the first line says “The first Russian oil tanker attempting to deliver crude while under US sanctions”… this is not factual, as Russia has been increasing […] COP29 host Azerbaijan sees natural gas demand rising despite “phase-out” plans(Bloomberg) – Months after UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere. Azerbaijan, which has the presidency of the 29th United Nations’ […]
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13 Jun 2024 | Refineries are BACK! | 00:20:39 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key headlines including Adnoc's significant LNG export project in the UAE, the environmental benefits of U.S. LNG shipped to Asia compared to coal, the construction of the largest new U.S. refinery in 50 years by Houston Energy Company, Citibank's forecast of a potential oil price drop to sub-$60, and Matador Resources' $1.9 billion acquisition to enhance its Delaware Basin acreage. They also cover the Federal Reserve's decision to maintain interest rates, a surprising EIA crude oil inventory build, and Berkshire Hathaway's increasing stake in Occidental Petroleum. Highlights of the Podcast 00:00 - Intro 01:29 - ADNOC Moves Ahead With Huge LNG Export Project in UAE 03:16 - U.S. LNG Shipped to Asia Is Still Cleaner Than Coal 05:15 - Houston energy company to build largest new refinery in half a century 06:39 - Citi Says Oil Could Crash to Sub-$60 Level 10:42 - Markets Update 13:45 - Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition 19:31 - Outro Please see the links below or articles that we discuss in the podcast. ADNOC Moves Ahead With Huge LNG Export Project in UAEAbu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the Ruwais LNG project, which will more than double the existing LNG production capacity in the United Arab Emirates. […] U.S. LNG Shipped to Asia Is Still Cleaner Than CoalUS LNG shipped to Asia has a lower value-chain emissions footprint than coal-fired power generation, even over long distances. Uncertainties regarding methane emissions and variations in emissions intensity between different sources and types of LNG […] Houston energy company to build largest new refinery in half a centuryA Houston company will construct the largest new refinery in the last 50 years in Brownsville, Texas. Element Fuel Holdings LLC is spending between $3 and $4 billion on the project, which will produce more than 160,000 […] Citi Says Oil Could Crash to Sub-$60 LevelCiti analysts have painted a bleak picture for the oil market, forecasting a significant price drop by 2025. According to their latest note, they anticipate a decline to $60 per barrel for Brent crude, marking […] Matador Resources Company Announces Strategic Bolt-On Delaware Basin AcquisitionDALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
17 Jun 2024 | EV Slowdown | 00:21:18 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various energy news topics in the June 17, 2024 edition of the Daily Energy News Beat. Key headlines include a slowdown in EV sales impacting net-zero goals, a lawsuit by the American Petroleum Institute against the EPA’s EV mandates, Sweden's rejection of new power cables to Germany, and Australia's development of the first renewable-powered floating LNG terminal. They also cover the weekend's oil and gas market trends, including TotalEnergies' asset sales in Brunei, California's new oil drilling permits, and financial market updates. Tanner will attend Earth Tech, while Turley will host solo shows mid-week. Highlights of the Podcast 00:00 - Intro 01:36 - EV Slowdown Steers the World Further Off Course From Net Zero 05:00 - API, Coalition Partners File Lawsuit to Protect American Consumers from EPA’s Electric Vehicle Mandate 07:48 - Sweden Rejects New Power Cable to Germany Over Market Inefficiencies 09:46 - World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interest 12:31 - Markets Update 16:23 - TotalEnergies Sells Upstream Business in Brunei 18:50 - State issues Kern’s first oil drilling permits in a year 20:34 - Outro Please see the links below or articles that we discuss in the podcast. EV Slowdown Steers the World Further Off Course From Net ZeroElectric vehicles have swiftly gone from a bright spot in the global climate fight to cause for concern, leading BloombergNEF to slash sales estimates and warn that the auto industry is falling further off the track toward [… API, Coalition Partners File Lawsuit to Protect American Consumers from EPA’s Electric Vehicle MandateWASHINGTON, June 13, 2024 /PRNewswire/ — The American Petroleum Institute (API) today filed a lawsuit in the D.C. Circuit Court of Appeals challenging the U.S. Environmental Protection Agency’s (EPA) light-duty and medium-duty vehicle emissions standards for model years 2027-2032. […] Sweden Rejects New Power Cable to Germany Over Market InefficienciesIn a significant move, the Swedish government has rejected the proposed 700 MW Hansa PowerBridge subsea power connection between Sweden and Germany. Energy Minister Ebba Busch cited inefficiencies in the German electricity market as the […] World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interestAustralia-headquartered integrated energy company Venice Energy is holding formal talks with multiple potential partners with ties to the United States (U.S.) and Asia to secure the future of a proposed LNG import terminal project in […] TotalEnergies Sells Upstream Business in BruneiHibiscus Petroleum Bhd. has agreed to buy TotalEnergies EP (Brunei) BV from TotalEnergies SE for $259.4 million. TotalEnergies EP (Brunei) holds a 37.5 percent stake as operator of Block B, which sits 85 kilometers (52.8 […] State issues Kern’s first oil drilling permits in a yearState oil regulators last month approved the first new drilling permits in Kern County since May 2023, renewing a vigorous debate over the Newsom administration’s approach to petroleum production. Dallas-based oil producer Berry Corp. received […]
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18 Jun 2024 | Republicans Win Biden's Green Policies | 00:13:38 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discussing the significant climate damage caused by Russia's war in Ukraine, unexpected Republican benefits from Biden's green policies, a rare earth discovery in Norway challenging China's dominance, Tesla's partnership with Baidu for self-driving cars, and the declining U.S. oil and gas rig count. He also highlights China's increased crude stockpiling amidst weak refining output, reflecting geopolitical and market dynamics. Highlights of the Podcast 00:00 - Intro 01:29 - Russia’s War in Ukraine Has Produced $32 Billion in Climate Damage 03:42 - The biggest winners of Biden’s green climate policies? Republicans. 07:01 - Rare Earth Discovery Could Topple China’s Dominance 08:44 - Tesla and Baidu Partner for Full Self-Driving Test 10:25 - US drillers cut oil and gas rig count to lowest since January 2022 -Baker Hughes 11:37 - China Accelerates Crude Stockpiling Amid Weak Refining Output 12:50 - Outro Please see the links below or articles that we discuss in the podcast. Russia’s War in Ukraine Has Produced $32 Billion in Climate DamageCLIMATEWIRE | In November 2022, the United Nations resolved that Russia should pay reparations for the losses, damages and injuries caused by its invasion of Ukraine. Now, some scientists say those payments should include compensation for […] The biggest winners of Biden’s green climate policies? Republicans.When President Joe Biden’s massive climate bill passed Congress in 2022, Republican Rep. Richard Hudson of North Carolina complained it was boondoggle. The Inflation Reduction Act, which contained the largest climate investment in US history, […] Rare Earth Discovery Could Topple China’s DominanceAmining company’s discovery of continental Europe’s largest deposit of rare earth elements (REEs) could chip away at China’s global dominance over the materials, which are used to make a range of critical technological and military […] Tesla and Baidu Partner for Full Self-Driving TestTesla is testing its Full Self-Driving system in China, ahead of a planned rollout later this year. The company has partnered with Baidu for mapping and navigation software to support FSD in China. The expansion […] US drillers cut oil and gas rig count to lowest since January 2022 -Baker HughesJune 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), said in its closely followed report […] China Accelerates Crude Stockpiling Amid Weak Refining OutputChina accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
19 Jun 2024 | Biden to Raid Strategic Oil Reserve Dry | 00:12:05 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, CEO of Sandstone Group, emphasizes the importance of the upcoming November elections and highlights several key stories. He discusses President Biden's plan to release oil from strategic reserves to lower gas prices, the bankruptcy of EV maker Fisker, a Senate bill promoting nuclear power, a lawsuit by three states against a $7 billion decommissioning rule, and Putin's trade security pledge with North Korea. Turley stresses the geopolitical implications of these issues and the need for balanced energy policies while urging audience engagement and awareness. Highlights of the Podcast 00:00 - Intro 02:43 - Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November Election 04:36 - Fisker Files for Bankruptcy as Troubles Mount for EV Makers 05:48 - Senate set to send nuclear power boost to Biden’s desk 07:05 - Three states sue US to block $7bn decommissioning payments rule 08:56 - Putin vows trade, security with North Korea beyond reach of West 11:39 - Outro Please see the links below or articles that we discuss in the podcast. Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November ElectionJoe Biden plans to deplete the U.S. oil reserves to artificially lower gas prices just months before the presidential election. When Biden took office in January 2021, the nationwide average gas price was $2.39 per […] Fisker Files for Bankruptcy as Troubles Mount for EV MakersElectric vehicle manufacturer Fisker Group Inc said on Tuesday it had filed for Chapter 11 protection in the District of Delaware, one year after launching its first model, as market and macroeconomic headwinds led to a lot […] Senate set to send nuclear power boost to Biden’s deskThe bipartisan bill is seen as a win for the nuclear power industry — making it quicker and less expensive to build them. The legislation seeks to reduce fees for companies that are proposing to build nuclear reactors and […] Three states sue US to block $7bn decommissioning payments ruleLouisiana, Texas, and Mississippi have sued the US government to block the proposed rule set forth by the Biden administration requiring the offshore oil and gas industry to provide nearly $7bn in financial assurances to […] Putin vows trade, security with North Korea beyond reach of WestENB Pub Note: Reading about Puin’s visit to North Korea brings up some key points about the geopolitical landscape in the area. The Global Energy Monitor shown below has an excellent look at Japan, Russia, […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
20 Jun 2024 | Trump to start drilling in Alaska | 00:13:45 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses various energy news topics, including Trump's plan to restart oil drilling in Alaska's Wildlife Refuge, the high costs of offshore wind energy for Northeast taxpayers, France's potential ban on Russian LNG, Blackrock's efforts to shed its ESG reputation, and the unintended climate impact of low-sulfur shipping rules. He concludes by highlighting the possible increase in UK energy bills due to a gas rush and emphasizes the importance of energy security and cooperation to avoid such issues. Highlights of the Podcast 00:00 - Intro 01:46 - Trump Says He’ll Restart Oil Drilling in Alaska Wildlife Refuge 03:44 - Offshore wind energy will come at a high cost to Northeast taxpayers 05:34 - France Should Ban Russian LNG Soon, Senate Committee Says 07:03 - BlackRock Desperate To Shed ESG Reputation 08:39 - ‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worse 11:56 - Gas rush could hike UK energy bills and inflation 13:13 - Outro Please see the links below or articles that we discuss in the podcast. Trump Says He’ll Restart Oil Drilling in Alaska Wildlife RefugeENB Pub Note: I do not mind drilling for oil and gas in Alaska’s wildlife areas. Our oil and gas companies are the best in the world and can minimize environmental impact. Our wind installations, [… Offshore wind energy will come at a high cost to Northeast taxpayersAs a renewable energy source, offshore wind appears to be free. In reality, it is among the most expensive electricity options available, and the current plans to develop giant wind farms off the U.S. East [… France Should Ban Russian LNG Soon, Senate Committee SaysNation is Europe’s biggest importer of the fuel from Moscow There’s a push inside the EU to bolster current restrictions France should ban imports of Russian liquefied natural gas as soon as possible, according to [… BlackRock Desperate To Shed ESG ReputationBlackRock appears to be trying to make up for its politicized, anti-fossil fuels ESG investment strategy, according to a report by Fox News: “In a release obtained by Fox News Digital on Monday, BlackRock officials [… ‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worseDescribed at the time as the “biggest change in oil market history,” the International Maritime Organization (IMO) enforced new standards on Jan. 1, 2020, to cut their fuel sulfur content to 0.5%, down from 3.5%. [… Gas rush could hike UK energy bills and inflationThe UK may see rising energy bills and inflation this winter due to a possible dash for gas, according to LCP Delta’s Power Insights analysis. Sam Hollister, Head of Economics, Policy and Investment at LCP […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
22 Jun 2024 | Week Recap: Energy Shifts: EVs, Oil, Geopolitics | 00:20:57 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discuss various topics, including BlackRock's shift from ESG policies, the slowing growth of electric vehicle sales, and the challenges in renewable energy investments. They highlight Ford's retreat from electric vehicle dealership mandates, the world's first renewable floating LNG terminal in Australia, and the surprising benefits of Biden's green policies for Republican districts. The podcast also touches on Norway's potential to reduce China's dominance in rare earth elements, Biden's plans to release more oil from the strategic reserves, the potential North Korea-Russia energy pipelines, Trump's pledge to restart drilling in Alaska, and the unintended consequences of sulfur shipping regulations on climate change. Highlights of the Podcast 00:00 - Intro 01:01 - EV Slowdown Steers the World Further Off Course From Net Zero 04:22 - World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interest 06:19 - The biggest winners of Biden’s green climate policies? Republicans. 09:29 - Rare Earth Discovery Could Topple China’s Dominance 11:07 - Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November Election 12:56 - Putin vows trade, security with North Korea beyond reach of West 15:38 - Trump Says He’ll Restart Oil Drilling in Alaska Wildlife Refuge 17:33 - ‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worse 20:48 - Outro Please see the links below or articles that we discuss in the podcast. EV Slowdown Steers the World Further Off Course From Net ZeroElectric vehicles have swiftly gone from a bright spot in the global climate fight to cause for concern, leading BloombergNEF to slash sales estimates and warn that the auto industry is falling further off the track toward [… World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interestAustralia-headquartered integrated energy company Venice Energy is holding formal talks with multiple potential partners with ties to the United States (U.S.) and Asia to secure the future of a proposed LNG import terminal project in […] The biggest winners of Biden’s green climate policies? Republicans.When President Joe Biden’s massive climate bill passed Congress in 2022, Republican Rep. Richard Hudson of North Carolina complained it was boondoggle. The Inflation Reduction Act, which contained the largest climate investment in US history, […] Rare Earth Discovery Could Topple China’s DominanceAmining company’s discovery of continental Europe’s largest deposit of rare earth elements (REEs) could chip away at China’s global dominance over the materials, which are used to make a range of critical technological and military […] Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November ElectionJoe Biden plans to deplete the U.S. oil reserves to artificially lower gas prices just months before the presidential election. When Biden took office in January 2021, the nationwide average gas price was $2.39 per […] Putin vows trade, security with North Korea beyond reach of WestENB Pub Note: Reading about Puin’s visit to North Korea brings up some key points about the geopolitical landscape in the area. The Global Energy Monitor shown below has an excellent look at Japan, Russia, […] ‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worseDescribed at the time as the “biggest change in oil market history,” the International Maritime Organization (IMO) enforced new standards on Jan. 1, 2020, to cut their fuel sulfur content to 0.5%, down from 3.5%. [… Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
21 Jun 2024 | ENB #210 Protecting the Energy Future with Former Congressman Trent Franks | 00:21:28 | |
Americans are facing the most important election in our country's great history. We can not sit on the sidelines and think someone else will fix our country's problems. Yoda said, "Do or Not, there is no try." - I say vote as your kids and grandkids' lives depend on it. In the past, we have lost faith in our elected officials and mainstream media and have started interviewing politicians for several reasons. First, I need to understand their platforms, and second, I want to get their stories out to our huge subscriber and reader base. Some of my political interviews have been with Congressman Andy Ogles, Victoria Spartz, Floyd Trujillo, and Zach Nun. I just recently met with Senator Ted Cruz at an Americans for Prosperity energy event in Dallas. A shout-out to Genevieve Collins for all of her hard work for Texas and the US. My discussion today with Trent Franks solidified my opinion that we have some good political people in office, and we have to be really careful about who we elect in this next election. I will be 100% honest with you: Trent has the background and knowledge to be a critical member of our elected officials. His expertise and past track records are exactly what we need in support of the next president. Trump will be elected, and he needs to choose his team wisely. Great men like Senator Cruz, General Flynn, and Trent will be needed to keep our country alive. Please go to https://trentfranks.com/, sign up for his updates, and donate. Thank you, Congressman Franks, for stopping by the podcast. I want to do several live updates in the next few weeks with other folks like General Flynn, Senator Cruz, and others to discuss energy security. - Stu Highlights of the Podcast 00:00 - Intro 01:44 - Welcoming Trent Franks 02:17 - Energy Crisis and Government Intervention 03:36 - Physics, Fiscal Responsibility, and Energy 04:35 - Innovation and Deregulation Success 06:05 - Support for Senator Ted Cruz 07:14 - Support for Israel and Missile Defense 09:22 - Energy Independence and US Challenges 11:23 - Compressed Natural Gas (CNG) and LNG 13:07 - Issues with Electrification and the Gri 14:16 - Donation and Contact Information 15:07 - Faith and Politics 16:07 - General Flynn and the Trump Administration 17:45 - Critical Infrastructure Protection Act 19:17 - Final Thoughts and Call to Action | |||
24 Jun 2024 | Half of EV Owners Want Gas Cars?! | 00:19:01 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner and Stuart Turley discuss several key energy headlines, including Biden allegedly diverting funds to build floating wind turbines, the lack of solutions for New York's energy crisis, a study showing nearly half of EV owners wanting to return to gas cars, and Nat Power Marine's $3.2 billion investment in the UK's first commercial electric ship charging network. They also touch on recent oil and gas market trends, including rig counts and geopolitical impacts, with a focus on the upcoming week's events and concerns about commercial real estate debt in the banking sector. Highlights of the Podcast 00:00 - Intro 01:23 - Biden Illegally Diverts Billions to Build Floating Wind Turbines! 04:05 - In Case You Think Someone Has The Answer To New York’s Looming Energy Disaster 06:21 - Almost Half Of EV Owners Want To Go Back To Gas Cars, Study Finds 09:37 - NatPower Marine Investing $3.2B+ to Establish the UK’s First Commercial Electric Ship Charging Network 14:48 - Markets Update 18:09 - Outro Please see the links below or articles that we discuss in the podcast. Biden Illegally Diverts Billions to Build Floating Wind Turbines!Guest Post from David Wojick at CFact. The Biden Administration is illegally redirecting hundreds of millions of dollars in highway grant money to fund construction of floating wind manufacturing facilities. The funding mechanism is the INFRA […] In Case You Think Someone Has The Answer To New York’s Looming Energy DisasterIn this post last week, I took note that New York’s electric grid system operator, NYISO, has recently issued some clear, if muted, warnings of the impossibility of the energy transition mandated by the state’s […] Almost Half Of EV Owners Want To Go Back To Gas Cars, Study FindsNearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting […] NatPower Marine Investing $3.2B+ to Establish the UK’s First Commercial Electric Ship Charging NetworkTo advance the mission of reducing global shipping emissions, NatPower Marine and Peel Ports Group are collaborating to establish the first “green shipping corridors” between Ireland and the UK. Through this project, NatPower Marine will develop […]
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24 Jun 2024 | ENB #211 Advancing Fusion Energy: Kronos Fusion's Path to Sustainable Power and Global Competition | 00:25:17 | |
Today, on the Conversations in Energy with Stu Turley, I had the opportunity to interview Priyanca Ford, founder of Kronos Fusion Energy, to discuss the advancements and challenges in fusion energy. She highlights Kronos' focus on developing a heat generation unit, the importance of helium-3 as a clean fuel, and the role of AI in optimizing their designs. Priyanca also touches on the global competition in fusion energy, particularly with China's progress, and emphasizes the need for sustainable, long-term energy solutions. The conversation underscores the significance of nuclear energy in achieving net zero emissions and the potential future collaborations with industry leaders like Elon Musk. We need all forms of energy to eliminate energy poverty and technological advancements sooner rather than later. Thank you, Priyanka, for stopping by the podcast and giving us the great updates from Kronos! We are looking forward to new announcements and breakthroughs. - Stu Highlights of the Podcast 00:00 - Intro 01:15 - ITER and Fusion Energy 01:41 - Understanding Fusion vs. Fission 02:36 - Origin of Kronos Fusion Energy 02:56 - Path to Space Travel and Elon Musk 06:05 - First Deliverable: Heat Generation Unit 06:32 - Fuel Sources and Challenges 08:55 - Business Model and Funding 12:14 - Importance of Nuclear Energy 13:45 - Collaboration and Industrial Heat 15:16 - COP28 and Global Fusion Energy Strategy 17:18 - Political Influence on Fusion Energy 18:23 - China's Fusion Energy Progress 20:03 - Motivation and Validation 21:18 - Future Prospects and Partnerships 22:43 - Closing Thoughts 24:51 - Final Remarks Check out Kronos S.MA.R.T. Fusion System here: https://www.kronosfusionenergy.com/ | |||
25 Jun 2024 | Is the US wasting its time saving the planet? | 00:13:25 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses several critical energy stories: the EU's impending ban on re-exporting Russian LNG as part of its 14th sanctions package against Russia; the high cost of relying on lithium batteries for grid storage, amounting to $2.5 trillion; the fire hazards associated with lithium battery factories; the resumption of crude oil shipments via the Arctic by Russia; the significant impact of Asia's carbon emissions on global efforts to reduce pollution; and the ongoing threat posed by Houthi drone strikes on merchant shipping. Turley also highlights the need for more practical and financially sound energy policies. Highlights of the Podcast 00:00 - Intro 01:39 - EU to Ban Re-Export of Russian LNG 03:16 - The $2.5 trillion reason we can’t rely on batteries to clean up the grid 05:44 - Monday’s Energy Absurdity: These Lithium Battery Factories Burn Like Chicken Farms 07:17 - Crude Oil Shipments Return to Arctic as Russia Sends Tanker To Asia 08:23 - Why Asia’s Carbon Emissions Are Erasing Western Progress 11:32 - Houthi strikes continue to terrorise merchant shipping 12:35 - Outro Please see the links below or articles that we discuss in the podcast. EU to Ban Re-Export of Russian LNGThe European Union is set to ban the re-export of Russian LNG in the bloc’s waters in a first sanctions measure targeting Russia’s gas, EU diplomats told Reuters on Thursday. The EU has been debating the 14th sanctions […] The $2.5 trillion reason we can’t rely on batteries to clean up the gridA pair of 500-foot smokestacks rise from a natural-gas power plant on the harbor of Moss Landing, California, casting an industrial pall over the pretty seaside town. If state regulators sign off, however, it could be […] Monday’s Energy Absurdity: These Lithium Battery Factories Burn Like Chicken FarmsENB Pub Note: I highly recommend David Blackmon’s substack’s subscritpion and paid for conent. Hi has fantastic insights on energy and the real world. Many of you will be aware of the rash of […] Crude Oil Shipments Return to Arctic as Russia Sends Tanker To AsiaRussia looks set to continue using the Arctic Ocean as a shortcut to deliver crude oil to Asia. Even before the beginning of summer navigation season in July, transit shipments of crude have returned to […] Why Asia’s Carbon Emissions Are Erasing Western ProgressGlobal CO₂ equivalent emissions grew by 2.1% in 2023, crossing 40 billion metric tons for the first time. This category of emissions is the sum of carbon dioxide emissions from energy, carbon dioxide emissions from […] Houthi strikes continue to terrorise merchant shippingThe Houthis continue to terrorise merchant ships heading in and out of the Red Sea, while also claiming strikes at ships moored at Israel’s Haifa port. The Houthis claimed to have struck the Transworld Navigator […]
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26 Jun 2024 | Canada's Oil Sands Time To Shine!! | 00:18:47 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various energy-related headlines: the EU's sanctions on 17 ships carrying Russian oil, Turbo Energy's 320 MW power purchase agreement with Southern California Edison, Lufthansa's hike in ticket prices due to environmental costs, the resurgence of Canada's oil sands, and a hedge fund's 20% annual returns from targeting uranium M&A. They also cover current oil and gas market trends, including a negative turn in Texas natural gas prices amid a heat wave, and touch on geopolitical factors influencing energy prices and investments. Highlights of the Podcast 00:00 - Intro 01:30 - EU Sanctions 17 Ships that Carried Oil for Russia 02:35 - Fervo Energy Announces 320 MW Power Purchase Agreements with Southern California Edison 05:01 - German airline Lufthansa hikes ticket prices by up to $77 due to environmental costs 07:19 - Forget Shale: Canada’s Oil Sands Are Having Their Moment 09:27 - Hedge Fund Making 20% a Year For Last Decade Targets Uranium M&A 12:20 - Markets Update 14:40 - Texas Natural Gas Prices Turn Negative Even Amid Heat Wave 17:16 - Outro Please see the links below or articles that we discuss in the podcast. EU Sanctions 17 Ships that Carried Oil for RussiaThe European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow. The sanctions follow similar steps taken by the UK, which included so-called dark fleet ships on a list of […] Fervo Energy Announces 320 MW Power Purchase Agreements with Southern California EdisonWorld’s largest geothermal PPAs highlight increasing utility demand for clean, reliable next-generation geothermal energy HOUSTON, TX (June 25, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal energy, announced today the execution of two power […] German airline Lufthansa hikes ticket prices by up to $77 due to environmental costsGerman airline company Lufthansa Group said Tuesday it would add an “environmental cost surcharge” to ticket prices as soon as this week, which could be as high as 72 euros ($77) for some flights. “The surcharge is […] Forget Shale: Canada’s Oil Sands Are Having Their MomentCanada’s oil sands were once the high-cost, dirty and unloved sibling to America’s fast-growing shale. Not any more. Oil-sands producers have been among the top-performing companies in the energy sector over the past year. Shares […] Hedge Fund Making 20% a Year For Last Decade Targets Uranium M&A(Bloomberg) — A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover. […] Texas Natural Gas Prices Turn Negative Even Amid Heat WaveIn an unexpected turn of events, U.S. spot natural gas prices in Texas dropped below zero on Tuesday despite soaring demand driven by a severe heat wave. This phenomenon, typically seen in the low-demand seasons […] Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
27 Jun 2024 | US Treasury imposes sanctions on Iranian shadow banking network laundering oil money | 00:15:37 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various headlines including Shell's new carbon capture and storage project in Canada, U.S. sanctions on an Iranian shadow banking network, and the continued dominance of Dutch and French terminals as top destinations for U.S. LNG supplies. Additionally, Saudi Aramco plans to buy a 25% stake in a U.S. LNG project, and Quantum Capital Group's $1.8 billion acquisition of Kerosene Oil and Gas in a secondary market deal. They also touch on the recent crude oil inventory rise and its minimal impact on prices. Highlights of the Podcast 00:00 - Intro 01:22 - Shell to build carbon capture and storage projects in Canada 03:35 - US Treasury imposes sanctions on Iranian shadow banking network laundering oil money 05:07 - Dutch and French terminals remain top destinations for US LNG supplies 07:37 - Saudi Aramco Set to Buy 25% in U.S. LNG Project 10:20 - Markets Update 11:41 - Quantum Capital to acquire Caerus Oil and Gas in $1.8bn deal 14:21 - Outro Please see the links below or articles that we discuss in the podcast. Shell to build carbon capture and storage projects in CanadaShell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately […] US Treasury imposes sanctions on Iranian shadow banking network laundering oil moneyThe US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […] Dutch and French terminals remain top destinations for US LNG suppliesDutch and French LNG import terminals remained the top destinations for US liquefied natural gas supplies in April, as European terminals continue to receive the majority of US LNG volumes, according to the Department of Energy’s […] Saudi Aramco Set to Buy 25% in U.S. LNG ProjectSaudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under […] Quantum Capital to acquire Caerus Oil and Gas in $1.8bn dealUS-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […]
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29 Jun 2024 | Week Recap: Biden's Wind Turbine Controversy, and EV Owners' Regrets | 00:16:31 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley criticize Biden's diversion of funds to floating wind turbines. They highlight a McKinsey study showing nearly half of EV owners want to return to gas cars due to high costs and inadequate charging infrastructure. They also address the high cost of battery storage for renewables, rising carbon emissions in Asia, Fervo Energy's new geothermal energy deal with Southern California Edison, and U.S. sanctions on an Iranian shadow banking network laundering oil money for weapons funding Highlights of the Podcast 00:00 - Intro 01:03 - Biden Illegally Diverts Billions to Build Floating Wind Turbines! 03:44 - Almost Half Of EV Owners Want To Go Back To Gas Cars, Study Finds 06:59 - The $2.5 trillion reason we can’t rely on batteries to clean up the grid 09:25 - Why Asia’s Carbon Emissions Are Erasing Western Progress 12:32 - Fervo Energy Announces 320 MW Power Purchase Agreements with Southern California Edison 14:53 - US Treasury imposes sanctions on Iranian shadow banking network laundering oil money 16:20 - Outro Please see the links below or articles that we discuss in the podcast. Biden Illegally Diverts Billions to Build Floating Wind Turbines!Guest Post from David Wojick at CFact. The Biden Administration is illegally redirecting hundreds of millions of dollars in highway grant money to fund construction of floating wind manufacturing facilities. The funding mechanism is the INFRA […] Almost Half Of EV Owners Want To Go Back To Gas Cars, Study FindsNearly half of American electric vehicle (EV) owners want to buy an internal combustion engine model the next time they buy a car, according to a new study from McKinsey and Company, a leading consulting […] The $2.5 trillion reason we can’t rely on batteries to clean up the gridA pair of 500-foot smokestacks rise from a natural-gas power plant on the harbor of Moss Landing, California, casting an industrial pall over the pretty seaside town. If state regulators sign off, however, it could be […] Why Asia’s Carbon Emissions Are Erasing Western ProgressGlobal CO₂ equivalent emissions grew by 2.1% in 2023, crossing 40 billion metric tons for the first time. This category of emissions is the sum of carbon dioxide emissions from energy, carbon dioxide emissions from […] Fervo Energy Announces 320 MW Power Purchase Agreements with Southern California EdisonWorld’s largest geothermal PPAs highlight increasing utility demand for clean, reliable next-generation geothermal energy HOUSTON, TX (June 25, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal energy, announced today the execution of two power […] US Treasury imposes sanctions on Iranian shadow banking network laundering oil moneyThe US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […] Follow Michael On LinkedIn and Twitter | |||
01 Jul 2024 | ENB #211 The Truth Behind Sanctions and Dark Fleets | 00:21:12 | |
In the Energy News Beat - Conversation in Energy with Stuart Turley interviews Irina Slav, a renowned energy writer from Bulgaria, discussing various global energy issues and geopolitical developments. They cover topics such as the effectiveness of sanctions on Russia, the impact of renewable energy policies, and the challenges faced by the fossil fuel industry. They also touch on political events in France and the broader implications of Western geopolitical strategies. The conversation highlights the complexities and contradictions in current energy policies and their global impact. Thank you, Irina, for stopping by. Please follow and subscribe to Irina’s Substack HERE:https://irinaslav.substack.com/ YouTube The ENB Substack https://theenergynewsbeat.substack.com/p/the-truth-behind-sanctions-and-dark | |||
01 Jul 2024 | The Impact of the Chevron Supreme Court Decision | 00:25:55 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed several key topics, including China's surpassing Europe in per capita energy consumption, the diversification of central banks from USD assets, the extensive mining required for renewable energy, the diminishing bipartisan consensus on renewable power, and the Supreme Court overturning the Chevron decision. They also covered recent oil and gas market trends, noting a drop in rig counts and discussing SM Energy's acquisition of XL Resources. The episode concluded with insights from the Dallas Fed survey, highlighting industry concerns and the potential impact of the upcoming 2024 election on energy policies. Highlights of the Podcast 00:00 - Intro 01:48 - China Surpasses Europe in Per Capita Energy Consumption 04:26 - Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold 06:19 - Mining the Planet for Renewable Energy 08:54 - Bipartisan consensus in favor of renewable power is ending 10:08 - Supreme Court overturns Chevron decision, curtailing federal agencies’ power in major shift 14:12 - Markets Update 19:44 - Shale Executives See Mergers Squeezing US Oil Production 25:02 - Outro Please see the links below or articles that we discuss in the podcast. China Surpasses Europe in Per Capita Energy ConsumptionStatus of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to GoldMining the Planet for Renewable EnergyBipartisan consensus in favor of renewable power is endingSupreme Court overturns Chevron decision, curtailing federal agencies’ power in major shiftShale Executives See Mergers Squeezing US Oil ProductionFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
02 Jul 2024 | Tech Loves Nukes?! | 00:14:00 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover various energy-related headlines. They discuss the tech industry's increasing interest in nuclear power, with companies like Amazon and Google investing heavily in nuclear plants to power their data centers. They also touch on China's energy strategies, including the launch of its largest LNG storage base and the country's stockpiling of coal. Additionally, they report a significant 2% rise in oil prices due to a shift in market sentiment. Lastly, they mention the ongoing issues with Citgo's bankruptcy and the low bids received for its auction. Highlights of the Podcast 00:00 - Intro 01:26 - Tech Industry Wants to Lock Up Nuclear Power for AI 04:12 - Will Evil Google’s AI Demands Exact A High Price from New Yorkers Who Foolishly Went for Solar and Wind? Could Be! 05:15 - CNOOC launches China’s largest LNG storage base 06:37 - Chinese coal terminals ‘bursting at the seams’ 09:25 - Markets Update 13:26 - Outro Please see the links below or articles that we discuss in the podcast. Tech Industry Wants to Lock Up Nuclear Power for AIWill Evil Google’s AI Demands Exact A High Price from New Yorkers Who Foolishly Went for Solar and Wind? Could Be!CNOOC launches China’s largest LNG storage baseChinese coal terminals ‘bursting at the seams’Oil prices rise 2% on summer demand hopes, supply worriesCourt Hearing on Citgo Auction Could Be Delayed Until SeptemberFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
03 Jul 2024 | Court blocks Biden's LNG Ban | 00:09:51 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses a court ruling blocking the Biden administration's new LNG export restrictions, attributing it to the Chevron deference decision. He also highlights Governor Newsom's unpopularity due to extreme mandates raising energy costs, China's efforts to boost domestic oil production under President Xi's directive, a Native American group's lawsuit against the Biden administration for restricting Alaskan oil and gas production, and the rise in oil prices by 2% due to summer demand and supply concerns. Turley concludes by encouraging listeners to subscribe to their newsletter for more updates. Highlights of the Podcast 00:00 - Intro 01:29 - Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? 03:11 - Governor Newsom’s unpopularity might have something to do with his extreme mandates that make life unaffordable. 05:42 - China unites oil giants to boost domestic production under Xi’s directive 06:56 - Native American Group Sues Biden Admin For Restricting Alaskan Oil And Gas Production 08:20 - Oil prices rise 2% on summer demand hopes, supply worries 09:18 - Outro Please see the links below or articles that we discuss in the podcast. Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision?Governor Newsom’s unpopularity might have something to do with his extreme mandates that make life unaffordable.China unites oil giants to boost domestic production under Xi’s directiveNative American Group Sues Biden Admin For Restricting Alaskan Oil And Gas ProductionOil prices rise 2% on summer demand hopes, supply worries
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04 Jul 2024 | Google falling short of climate target | 00:13:11 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley highlights several key stories: French nuclear giant EDF has scrapped plans for small reactors due to high costs, Florida enacts a windmill ban along with climate change language removal, the EU Commission approves Romania's construction of two new nuclear reactors, Google falls short of its climate goals citing AI electricity needs, electric vehicles are deemed not cost-effective for emissions reduction, and oil prices rise as the EIA reports a significant crude draw. Highlights of the Podcast 00:00 - Intro 01:36 - French nuclear giant scraps SMR plans due to soaring costs, will start over 04:08 - Florida windmill ban law goes into effect along with language removing “climate change” 06:24 - EU Commission clears Romania’s plans to build two new nuclear reactors 07:24 - Google falling short of important climate target, cites electricity needs of AI 09:05 - “Electric vehicles not cost-effective for emissions reduction” 10:29 - Oil Prices Rise As EIA Confirms Huge Crude Draw 12:35 - Outro Please see the links below or articles that we discuss in the podcast. French nuclear giant scraps SMR plans due to soaring costs, will start overNew Florida windmill ban law goes into effect along with language removing “climate change”EU Commission clears Romania’s plans to build two new nuclear reactorsGoogle falling short of important climate target, cites electricity needs of AI“Electric vehicles not cost-effective for emissions reduction”Oil Prices Rise As EIA Confirms Huge Crude DrawFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
08 Jul 2024 | CA to Borrow $$ for Climate | 00:22:38 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed several key headlines: the Labour Party's landslide victory in the UK snap elections, Iran's agreement to purchase 10 billion cubic feet of natural gas annually from Turkmenistan, the potential end of the extreme bear market in natural gas, and California lawmakers voting to ask residents to borrow $20 billion for climate and school initiatives. They also covered oil and gas market updates, including a surprising rise in rig counts and energy traders buying refineries from big oil companies. Finally, they touched on the formation of an arbitration panel for Exxon and Chevron's dispute over the Hess merger. Highlights of the Podcast 00:00 - Intro 01:36 - Labour Wins Landslide Victory in U.K. Snap Elections 03:59 - Iran to Purchase 10 Billion Cubic Meters of Turkmen Natural Gas Annually 05:04 - Has The Extreme Bear Market in Natural Gas Come to an End? 08:03 - Lawmakers Vote to Ask Californians Permission to Borrow $20 Billion for Climate, Schools 11:33 - Markets Update 14:27 - Energy traders are snapping up refineries away from Big Oil 21:16 - Outro Please see the links below or articles that we discuss in the podcast. Labour Wins Landslide Victory in U.K. Snap ElectionsIran to Purchase 10 Billion Cubic Meters of Turkmen Natural Gas AnnuallyHas The Extreme Bear Market in Natural Gas Come to an End?Lawmakers Vote to Ask Californians Permission to Borrow $20 Billion for Climate, SchoolsEnergy traders are snapping up refineries away from Big OilFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
10 Jul 2024 | Biden's Net Zero Plans Worsen Prices | 00:13:00 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses a range of topics including BP's $2 billion impairment warning, Biden's national debt exceeding Trump's, the impact of Biden's net zero plans on energy prices, and the significance of the Chevron difference ruling. He also highlights rising U.S. electricity prices due to increased demand and Germany's impending decision on seized Russian oil operations. Turley emphasizes the importance of fiscal responsibility and cautions against excessive government control and spending. Highlights of the Podcast 00:00 - Intro 01:53 - BP Shares Plummet on $2 Billion Impairment Warning 03:13 - The Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National Debt 05:59 - Biden’s Net Zero Plans Have Sent Prices Soaring. It’s Going To Get Worse 07:47 - The End of Chevron Deference: Tapping the Brakes on the Road to Serfdom 09:42 - US electricity prices rise again as AI, onshoring may mean decades of power demand growth: BofA 11:19 - Germany Nears Decision on Fate of Seized Russian Oil Operations 12:27 - Outro Please see the links below or articles that we discuss in the podcast. BP Shares Plummet on $2 Billion Impairment WarningThe Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National DebtBiden’s Net Zero Plans Have Sent Prices Soaring. It’s Going To Get WorseThe End of Chevron Deference: Tapping the Brakes on the Road to SerfdomUS electricity prices rise again as AI, onshoring may mean decades of power demand growth: BofAGermany Nears Decision on Fate of Seized Russian Oil OperationsFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
11 Jul 2024 | Interior Department Closes Alaska to Drilling | 00:15:40 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss Microsoft's purchase of 500,000 metric tons of carbon credits, a study on lithium-ion battery pollution, and the Department of Interior blocking oil, gas, and mining in Alaska. They highlight Alberta's last coal plant shutdown leading to a grid alert and Shell's LNG business expansion in Trinidad and Tobago. They also review current oil and gas market trends and the impact of recent hurricanes on Texas's energy infrastructure. Highlights of the Podcast 00:00 - Intro 01:29 - 1PointFive Signs an Agreement to Sell 500,000 Metric Tons of Carbon Credits to Microsoft 03:52 - Lithium ion batteries a growing source of PFAS pollution, study finds 05:48 - Department of Interior shuts down millions of acres of Alaska to all oil, gas and mining activity 8:00 - Brian Zinchuk: Alberta’s last coal plant shuts down, and days later, a grid alert is declared 09:40 - BREAKING NEWS- Shell to grow LNG business with 2027 Manatee natural gas production start-up offshore Trinidad and Tobago 11:50 - Markets Update 15:21 - Outro Please see the links below or articles that we discuss in the podcast. 1PointFive Signs an Agreement to Sell 500,000 Metric Tons of Carbon Credits to MicrosoftLithium ion batteries a growing source of PFAS pollution, study findsDepartment of Interior shuts down millions of acres of Alaska to all oil, gas and mining activityBrian Zinchuk: Alberta’s last coal plant shuts down, and days later, a grid alert is declaredBREAKING NEWS- Shell to grow LNG business with 2027 Manatee natural gas production start-up offshore Trinidad and TobagoFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
13 Jul 2024 | Week Recap: Energy Shutdowns, UK Election Shifts, and Rising Debt | 00:16:51 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discusses recent energy and political news, highlighting significant events such as Biden's administration shutting down more oil drilling, the UK's Labour Party winning a landslide victory, and ConocoPhillips suing over Biden's oil and gas drilling ban in Alaska. It critiques the economic policies leading to increased national debt under Biden, the conflicts over renewable energy policies between South Dakota and Minnesota, and the Interior Department's decision to restrict millions of acres in Alaska from oil and gas development. The hosts express concerns about these developments' impact on energy production, economic stability, and national security. Highlights of the Podcast 00:00 - Intro 01:01 - Labour Wins Landslide Victory in U.K. Snap Elections 03:16 - Has The Extreme Bear Market in Natural Gas Come to an End? 06:09 - South Dakota clashes with Minnesota on clean energy, coal plant closures 09:13 - ConocoPhillips sues over Biden’s oil and gas drilling ban in Alaska 11:14 - The Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National Debt 14:28 - Department of Interior shuts down millions of acres of Alaska to all oil, gas and mining activity 16:40 - Outro Please see the links below or articles that we discuss in the podcast. Labour Wins Landslide Victory in U.K. Snap ElectionsHas The Extreme Bear Market in Natural Gas Come to an End?South Dakota clashes with Minnesota on clean energy, coal plant closuresConocoPhillips sues over Biden’s oil and gas drilling ban in AlaskaThe Left’s $7 Trillion Lie: Biden Far Outpaces Trump in Racking Up the National DebtDepartment of Interior shuts down millions of acres of Alaska to all oil, gas and mining activityFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
16 Jul 2024 | Offshore Wind Scandal Exposed | 00:12:36 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President and CEO of the Sandstone Group, covers various energy stories, starting with three major solar farms in East England, which he believes may impact farmland and food production negatively. He discusses the UK's ambitious offshore energy blueprint, the Senate's recommendation to extend nuclear power plants' lifespan, and the offshore wind energy scandal highlighted by Robert Bryce. Turley criticizes the deindustrialization linked to green energy policies and emphasizes the need for a balanced energy transition, advocating for nuclear and natural gas. He concludes with a personal statement about his political stance and family defense. Highlights of the Podcast 00:00 - Intro 01:34 - Three major solar farms get green light in the East of England 02:59 - UK offshore energies industry unveils blueprint for net zero power 04:22 - Nuclear: Senate recommends extending the lifespan of power plants “beyond 60 years” and building 14 EPRs 06:08 - The Offshore Wind Energy Scandal Is Even Worse Than You Think 09:45 - Countering Europe’s Backlash to the Green Transition 11:57 - Outro Please see the links below or articles that we discuss in the podcast. Three major solar farms get green light in the East of EnglandUK offshore energies industry unveils blueprint for net zero powerNuclear: Senate recommends extending the lifespan of power plants “beyond 60 years” and building 14 EPRsThe Offshore Wind Energy Scandal Is Even Worse Than You ThinkCountering Europe’s Backlash to the Green TransitionFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
15 Jul 2024 | Trump Assassination Attempt | 00:24:33 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several headlines, beginning with the shocking assassination attempt on former President Trump, highlighting its potential impacts on energy markets. Other topics include the persistence of oil and gas dominance despite heavy investment in renewables, the misattribution of heatwaves to fossil fuels rather than urban infrastructure, the financial repercussions for Western companies due to Russian sanctions, and the global shortfall in renewable energy targets. They also touch on recent market movements, with a slight dip in oil prices and continued fluctuations in rig counts. Highlights of the Podcast 00:00 – Intro 01:29 – Trump shot in ear at campaign rally, world leaders react Popular Energy News Beat Stories 06:03 – The Green No Deal: Oil And Gas Still Reign Despite Renewables’ Enormous Handouts 09:13 – Media Scapegoat Fossil Fuels For Heat Waves, But Experts Say Asphalt, Cityscapes Real Culprit 12:08 – Western Companies Are Now Paying for Russia Sanctions 15:56 – Global push for renewable energy falls short of targets 19:09 – Markets Update 23:53 – Outro Please see the links below or articles that we discuss in the podcast. Trump shot in ear at campaign rally, world leaders reactThe Green No Deal: Oil And Gas Still Reign Despite Renewables’ Enormous HandoutsMedia Scapegoat Fossil Fuels For Heat Waves, But Experts Say Asphalt, Cityscapes Real CulpritWestern Companies Are Now Paying for Russia SanctionsGlobal push for renewable energy falls short of targetsFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
17 Jul 2024 | The Energy Transition Won't Happen | 00:15:46 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed various energy-related topics. They covered an opinion piece claiming the energy transition won't happen, China's plans for low-carbon upgrades in its coal power sector, and electricity rationing at charging stations in Europe due to limited infrastructure. They also reviewed nine mid-year energy predictions from Forbes, including the increasing use of coal and the prioritization of national energy security over international climate goals. Finally, they reported on ExxonMobil's new 30-well drilling campaign in offshore Guyana. Highlights of the Podcast 00:00 - Intro 01:32 - The “Energy Transition” Won’t Happen 03:00 - China plans low-carbon upgrades for coal power sector 04:44 - Electricity Rationing At Charging Stations Due To Limited Charging Infrastructure in Europe 06:57 - 9 Consequential Energy Predictions – Midyear Review 10:54 - BREAKING NEWS: ExxonMobil unveils 30-well drilling campaign for seventh oil and gas project offshore Guyana 13:01 - Markets Update 15:18 - Outro Please see the links below or articles that we discuss in the podcast. The “Energy Transition” Won’t HappenChina plans low-carbon upgrades for coal power sectorElectricity Rationing At Charging Stations Due To Limited Charging Infrastructure in EuropeBREAKING NEWS: ExxonMobil unveils 30-well drilling campaign for seventh oil and gas project offshore Guyana9 Consequential Energy Predictions – Midyear ReviewProfessor makes stunning discovery as to why dead whales keep washing up on East Coast beachesFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
18 Jul 2024 | Canada's Economy Hinges on Oil and Gas Exports | 00:09:31 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covers several key stories: Biden administration's push for green energy as a solution to inflation, which has faced criticism; a rise in oil prices following a significant crude inventory draw; the growing importance of oil and gas exports for Canada's economy; an increase in India's LNG imports aimed at reducing carbon emissions; and Elon Musk's explanation for delaying Tesla's robotaxi event, citing design modifications. Turley also humorously notes the Cybertruck's unique design and encourages viewer engagement and voting participation. Highlights of the Podcast 00:00 - Intro 01:20 - Ex-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green Spending 04:22 - Oil Extends Gains As EIA Confirms Crude Draw, Rising Fuel Inventories 05:56 - Oil and Gas Exports Are Increasingly Important for Canada’s Economy 06:47 - India ups LNG imports in June 07:49 - Elon Musk explains why Tesla’s Robotaxi event is delayed 09:05 - Outro Please see the links below or articles that we discuss in the podcast. Ex-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green SpendingOil Extends Gains As EIA Confirms Crude Draw, Rising Fuel InventoriesOil and Gas Exports Are Increasingly Important for Canada’s EconomyIndia ups LNG imports in JuneElon Musk explains why Tesla’s Robotaxi event is delayedFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
20 Jul 2024 | Week Recap: Trump Rally Incident and UK’s Net-Zero Challenge | 00:19:43 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discuss various energy-related topics on their podcast, including a dramatic incident involving former President Trump, the complications of Western companies dealing with Russian assets, the UK's ambitious net-zero energy goals, the political backlash against the green transition, and predictions about the future of energy policy and markets. They express strong opinions on the need for practical energy transitions and criticize current policies for their inefficiencies and potential economic repercussions. The discussion also touches on the impact of geopolitical events on energy prices and the viability of renewable energy sources. Highlights of the Podcast 00:00 - Intro 00:48 - Trump shot in ear at campaign rally, world leaders react 05:20 - Western Companies Are Now Paying for Russia Sanctions 09:04 - UK offshore energies industry unveils blueprint for net zero power 10:26 - Countering Europe’s Backlash to the Green Transition 12:37 - 9 Consequential Energy Predictions – Midyear Review 16:31 - Ex-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green Spending 19:31 - Outro Please see the links below or articles that we discuss in the podcast. Trump shot in ear at campaign rally, world leaders reactWestern Companies Are Now Paying for Russia SanctionsUK offshore energies industry unveils blueprint for net zero powerCountering Europe’s Backlash to the Green Transition9 Consequential Energy Predictions – Midyear ReviewEx-Biden Lackey Tells CNBC: To Fix Inflation, Ditch Fossil Fuels And Boost Green SpendingFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
22 Jul 2024 | Crowdstrike Global Tech Outage Wrecks Industries | 00:24:55 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several major energy headlines. A global tech outage caused by CrowdStrike disrupts numerous industries, Ford cancels its Oakville EV plant to focus on gasoline pickups, an opinion piece criticizes wind power's economic viability, and Slovakia criticizes Ukrainian sanctions on Lukoil as oil supplies dwindle. Additionally, the World Economic Forum's policies against modern farming face backlash, and the oil and gas markets experience fluctuating prices and rig counts, with Occidental's potential sale of Crown Quest stake to Echo Petroleum highlighted as a significant industry move. Highlights of the Podcast 00:00 - Intro 02:05 - Global Tech Outage Wreaks Havoc 06:20 - Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups 08:38 - Why Wind Power Is Useless 12:42 - Slovak PM blasts Ukraine’s Lukoil sanctions as oil flow stops 13:53 - Attacks On Modern Farming Will Devastate Nature And Nutrition 17:05 - Markets Update 19:56 - Rig Count Update 20:09 - Ecopetrol Eyes $3.6B CrownRock Stake 24:05 - Outro Please see the links below or articles that we discuss in the podcast. Global Tech Outage Wreaks HavocFord scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickupsWhy Wind Power Is UselessSlovak PM blasts Ukraine’s Lukoil sanctions as oil flow stopsAttacks On Modern Farming Will Devastate Nature And NutritionFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
23 Jul 2024 | Big Tech's Net Zero Struggle | 00:22:45 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss significant global energy developments key topics include China's banking turmoil and its potential impact on oil prices, the UK likely missing its 2030 clean power goals, Russia's consideration of building an oil refinery in Cuba, and big tech's struggles to achieve net zero emissions. They also cover the oil and gas markets, noting a recent drop in oil prices due to political events and Australia's Woodside acquiring Tellurian's Driftwood LNG project. Lastly, they mention SM Energy's upsized debt offering to fund the acquisition of Uinta Basin assets. Highlights of the Podcast 00:00 - Intro 01:43 - China’s banking turmoil: 40 banks vanish as crisis deepens 03:15 - Bad News From China Could Be The Harbinger For Lower Oil Prices 05:15 - UK Likely to Miss Its 2030 Clean Power Goals 07:40 - Russia Considers Building Oil Refinery in Cuba 09:47 - Big Tech Struggles on the Path to Net Zero 13:25 - Markets Update 16:21 - Australia’s Woodside to buy Tellurian 19:09 - $SM Debt Offering: $1.5B 22:20 - Outro Please see the links below or articles that we discuss in the podcast. China’s banking turmoil: 40 banks vanish as crisis deepensBad News From China Could Be The Harbinger For Lower Oil PricesUK Likely to Miss Its 2030 Clean Power GoalsRussia Considers Building Oil Refinery in CubaBig Tech Struggles on the Path to Net ZeroAustralia’s Woodside to buy TellurianFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
25 Jul 2024 | Make Coal Great Again | 00:16:54 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covered several key topics. First, global coal demand is expected to remain steady through 2025, driven by increased electricity needs in major economies like China and India, despite renewable energy efforts. Next, U.S. Democrats introduced a bill to penalize oil firms collaborating with OPEC to raise prices, viewed by some as a political move unlikely to pass. Oil markets saw mixed results, with Matador reporting strong earnings amidst broader market declines. Oil prices closed relatively flat, influenced by EIA inventory data showing higher-than-expected draws in crude and gasoline stocks. Highlights of the Podcast 00:00 - Intro 01:02 - Global coal demand to stay steady through 2025 05:01 - US Democrats launch bill holding oil firms accountable for any work with OPEC 09:35 - Markets Update 11:25 - U.S. Crude Oil Inventories Continue to Fall 12:43 - Matador Resources Company today reported record financial and operating results for the second quarter of 2024 16:22 - Outro Please see the links below or articles that we discuss in the podcast. Global coal demand to stay steady through 2025Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
25 Jul 2024 | Deal Spotlight Episode #8: Devon + Grayson Mill | 00:47:21 | |
In this episode, Michael Tanner and guest John Farrell from WellDatabase discuss Devon Energy's $5 billion acquisition of Grayson Mill, a deal including significant midstream assets that enhance Devon's position in the Bakken shale. They analyze the strategic value of the three-mile lateral drilling approach, the importance of midstream infrastructure for regulatory compliance and production efficiency, and compare Devon's move to potential acquisitions by other players like Cord Energy. They also speculate on future M&A activities, particularly the possible divestment of Hess’s Bakken assets following developments in Guyana. The episode concludes with a positive assessment of the deal's strategic fit for Devon. Highlights of the Podcast 01:31 - Overview of Devon Energy's $5 billion acquisition of Grayson Mill, including midstream assets. 02:41 - Previous predictions about Grayson Mill's sale. 06:09 - High-level thoughts on the deal. 08:05 - Breakdown of assets and production numbers. 12:52 - Historical context and strategic acquisitions by Grayson Mill. 23:20 - Analysis of the three-mile lateral strategy and its cost efficiency. 28:28 - Future outlook for three-mile laterals in the Bakken. 31:21 - Importance of midstream assets for production and regulatory compliance. 39:11 - Why Cord Energy didn't acquire Grayson Mill. 43:03 - Speculation on future M&A activity involving Hess and Exxon. 46:01 - Final thoughts and wrap-up. | |||
27 Jul 2024 | Week Recap: Ford's EV Pivot, Wind Power Woes, UK Clean Energy Setbacks, and More | 00:19:09 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics including Ford's decision to pivot from electric vehicle production to gasoline pickups in Ontario, the challenges faced by wind and solar power, the UK likely missing its 2030 clean power goals, SM Energy's debt offering to fund an acquisition, the introduction of a sustainable aviation fuel mandate in the UK, and a proposed U.S. bill to hold oil and gas companies accountable for colluding with OPEC. They highlight the financial and practical issues surrounding these energy policies and the potential political implications. Highlights of the Podcast 00:00 - Intro 00:58 - Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups 03:14 - Why Wind Power Is Useless 07:13 - UK mandates green jet fuel by 2025 09:35 - SM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2029 AND $750 MILLION OF SENIOR NOTES DUE 2032 12:44 - UK Likely to Miss Its 2030 Clean Power Goals 14:38 - US Democrats launch bill holding oil firms accountable for any work with OPEC 18:56 - Outro Please see the links below or articles that we discuss in the podcast. Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickupsWhy Wind Power Is UselessUK Likely to Miss Its 2030 Clean Power GoalsSM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2029 AND $750 MILLION OF SENIOR NOTES DUE 2032UK mandates green jet fuel by 2025US Democrats launch bill holding oil firms accountable for any work with OPECFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
29 Jul 2024 | BRICS vs SWIFT | 00:17:30 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covers the BRICs alliance's new financial system to rival Swift, aiming to reduce reliance on the US dollar for international trade. He discusses potential gas bill increases for UK households due to slow adoption of heat pumps. Oil and gas prices saw a rough week, with crude oil settling around $77. Rig counts increased slightly, and Vital Energy is nearing a $1.1 billion deal to acquire Point Energy. Tanner emphasizes the ongoing global shifts in energy and financial sectors. Highlights of the Podcast 00:00 - Intro 01:27 - BRICS Officially Announces Financial System Similar to SWIFT 09:38 - Potential increase in gas bills for UK households 10:41 - Markets Update 13:40 - Rig Count Update 14:34 - Vital Energy nearing a deal to buy Point Energy for $1.1 billion, sources say 17:03 - Outro Please see the links below or articles that we discuss in the podcast. BRICS Officially Announces Financial System Similar to SWIFTPotential increase in gas bills for UK householdsVital Energy nearing a deal to buy Point Energy for $1.1 billion, sources sayFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
30 Jul 2024 | Yellen needs $3 Trillion for Climate Transition | 00:14:07 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley's daily energy news update covers Amazon's claim of 100% renewable energy usage, highlighting the discrepancy between purchased renewable credits and actual usage. He emphasizes OPEC's view on the indispensability of oil for global electrification and critiques Austin's halt on shifting to an all-electric bus fleet due to logistical issues. Turley discusses Janet Yellen's assertion that $3 trillion annually is needed for climate transition and criticizes Taiwan's decision to shut down a nuclear plant amid geopolitical tensions with China. He concludes by noting weak Chinese demand affecting Middle Eastern oil prices and the challenges OPEC faces with accurate supply monitoring. Highlights of the Podcast 00:00 - Intro 01:25 - Amazon claims to power all its operations with renewable energy. If only that were true. 03:56 - OPEC: Oil Is Indispensable for Global Electrification 05:17 - CapMetro stops shift to all-electric bus fleet 06:54 - Yellen says $3 trillion is needed each year to fund climate transition 10:10 - Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift 11:41 - Weak Demand in China Weighs on Middle East Oil Price Outlook 13:27 - Outro Please see the links below or articles that we discuss in the podcast. Amazon claims to power all its operations with renewable energy. If only that were true.OPEC: Oil Is Indispensable for Global ElectrificationCapMetro stops shift to all-electric bus fleetYellen says $3 trillion is needed each year to fund climate transitionTaiwan Shuts Second-to-Last Nuclear Plant in Controversial ShiftWeak Demand in China Weighs on Middle East Oil Price Outlook
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31 Jul 2024 | UAE Oil Expansion | 00:12:12 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President & CEO of Sandstone Group, discusses key energy news updates in the Energy News Beat Daily Standup. He covers topics such as UAE's plans to boost oil production to 5 million barrels per day by 2027 using advanced digital technologies, Citi's view that Trump could be bearish for oil due to potential deregulation, Russia's crude oil shipments hitting an 11-month low, and the inefficiencies of wind energy in Texas. Additionally, he critiques Kamala Harris's $5 billion electric school bus program for yielding only 60 buses in three years and highlights Harris's more radical energy policies compared to Joe Biden. Highlights of the Podcast 00:00 - Intro 01:26 - UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027 02:52 - Why Citi Thinks Trump Is Bearish for Oil 04:47 - Russia’s Crude Oil Shipments Plunge to 11-Month Low 05:54 - Why Don’t They Turn the Wind Turbines Up? 07:59 - Kamala’s Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 Years 09:36 - Kamala Harris is more radical on her energy policies than Joe Biden! 11:13 - Outro Please see the links below or articles that we discuss in the podcast. UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027Why Citi Thinks Trump Is Bearish for OilRussia’s Crude Oil Shipments Plunge to 11-Month LowWhy Don’t They Turn the Wind Turbines Up?Kamala’s Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 YearsKamala Harris is more radical on her energy policies than Joe Biden!Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
31 Jul 2024 | ENB #212 Tom Nelsion - Climate the Movie | 00:19:53 | |
In the Energy News Beat - Conversation in Energy with Stuart Turley interviews Tom Nelson about his movie "Climate the Movie," which explores the corruption and fraud within climate alarmism. Nelson describes his journey from blogging and podcasting to collaborating with Martin Durkin, leading to the film's creation. They discuss the misinformation and manipulation in climate science, the suppression of alternative views, and the significant impact of climate policies on global economies and energy sectors. Nelson highlights the growing skepticism and the pushback against the climate narrative, emphasizing the importance of spreading truthful information to combat misinformation and unnecessary alarmism. Highlights of the Podcast 00:00 - Intro 01:25 - Climate Policies and Big Money 03:05 - Tom Nelson's Background and Movie Creation 04:16 - Reception and Public Showings 05:17 - Climate Skepticism and Misinformation 07:48 - Scientific Fraud and Climate Alarmism 09:06 - CO2 and Climate Reality 10:10 - Energy Policies and Natural Gas 14:46 - Public Showings and Censorship 17:25 - Future Plans and Audience Engagement 18:36 - Final Thoughts and Closing https://theenergynewsbeat.substack.com/ Energy News Beat Website: https://energynewsbeat.co/ | |||
01 Aug 2024 | Banks predict oil price slump under Trump Admin | 00:25:52 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy news topics for August 1st, 2024. They cover the impact of AI-driven data centers on Texas's power grid, concerns about pipeline congestion affecting U.S. oil exports, and geopolitical developments, including a significant energy deal between Russia and Iran. They also discuss oil market reactions to geopolitical tensions, recent earnings reports from oil companies like Hess and BP, and the potential impact of the 2024 U.S. presidential election on the oil and gas industry. The podcast concludes with an analysis of global energy market dynamics and predictions for future trends. Highlights of the Podcast 00:00 - Intro 01:42 - Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom 04:15 - Texas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical Time 06:31 - Russia and Iran to Start Work on Game-Changing Energy Corridor 09:47 - Markets Update 12:01 - Inventory Draw Pushes Oil Up 14:32 - Hess Beat Earnings Estimates On Robust Guyana Output 16:28 - BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s 18:00 - Why Citi Thinks Trump Is Bearish for Oil 25:15 Outro Please see the links below or articles that we discuss in the podcast. Power-Hungry Data Centers Are Gobbling Up Texas Amid AI BoomTexas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical TimeRussia and Iran to Start Work on Game-Changing Energy CorridorInventory Draw Pushes Oil UpBP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040sWhy Citi Thinks Trump Is Bearish for OilFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
03 Aug 2024 | Week Recap: BRICS Financial Moves, Pipeline Congestion, and Green Energy Scrutiny | 00:19:41 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discussed several critical topics, including the BRICS alliance's move to create a financial system bypassing the US dollar, a significant oil and gas acquisition by Vital Energy, Amazon's claims of renewable energy use, and concerns over the feasibility of climate transition funding. They also highlighted issues with the Biden administration's energy policies, electric school bus program inefficiencies, and the growing congestion in Texas oil pipelines, all pointing to a rapidly evolving and challenging energy landscape. Highlights of the Podcast 00:00 - Intro 01:19 - BRICS Officially Announces Financial System Similar to SWIFT 05:34 - Vital Energy nearing a deal to buy Point Energy for $1.1 billion, sources say 08:02 - Amazon claims to power all its operations with renewable energy. If only that were true. 10:32 - Yellen says $3 trillion is needed each year to fund climate transition 13:48 - Kamala’s Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 Years 15:24 - Kamala Harris is more radical on her energy policies than Joe Biden! 17:17 - Texas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical Time 19:30 - Outro Please see the links below or articles that we discuss in the podcast. BRICS Officially Announces Financial System Similar to SWIFTVital Energy nearing a deal to buy Point Energy for $1.1 billion, sources sayYellen says $3 trillion is needed each year to fund climate transitionKamala’s Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 YearsKamala Harris is more radical on her energy policies than Joe Biden!Texas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical TimeFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
05 Aug 2024 | Chevron Moves to Texas | 00:12:18 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses various energy-related news, including leftist calls for the Federal Reserve to cut interest rates to support Green New Deal projects, the International Energy Agency's (IEA) forecast of a 4% growth in global power demand for 2024-2025, India's issuance of vesting orders for ten coal mines to boost energy security, Chevron's relocation of its headquarters to Texas amid California's deindustrialization, and Shell's initiation of a $2 billion share buyback program. He also critiques current renewable energy and electric vehicle policies. Highlights of the Podcast 00:00 - Intro 01:42 - Leftists Beg Feds To Cut Interest Rates To Revive Green New Deal Projects 03:19 - Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 05:11 - India issued vesting orders for 10 coal mines 06:04 - Chevron Taking Its Headquarters To Texas 08:25 - DAVID BLACKMON: Continuing EV Bloodbath Leaves Harris With A Lot To Answer For 10:05 - Shell Initiates £2 Billion Share Buyback Program 11:32 - Outro Please see the links below or articles that we discuss in the podcast. Leftists Beg Feds To Cut Interest Rates To Revive Green New Deal ProjectsGlobal Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25India issued vesting orders for 10 coal minesChevron Taking Its Headquarters To TexasDAVID BLACKMON: Continuing EV Bloodbath Leaves Harris With A Lot To Answer ForShell Initiates £2 Billion Share Buyback ProgramFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
06 Aug 2024 | Middle East vs Oil Prices | 00:20:03 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key global energy and economic issues. They cover the impact of Middle Eastern conflicts on oil prices and global stock markets, noting heightened military activity and geopolitical tensions. They also discuss Norway's strong gas exports to Europe, despite ongoing maintenance, and the challenges faced by U.S. shale producers in maintaining efficiency amidst market pressures. The broader market also sees a significant downturn, particularly in Japan, due to various economic factors, including concerns over a global recession. Highlights of the Podcast 00:00 - Intro 01:16 - How Conflict in the Middle East Could Send Oil Prices Soaring 02:26 - Israel, Mideast Markets Fall on Iran Threat, Global Stock Plunge 04:30 - Norwegian piped gas exports to NW Europe stay strong in July 06:01 - Shale Keeps Getting Leaner and Meaner 12:51 - Oil Price Collapse Tampered by Tensions in the Middle East 13.56 - Whats Going On In The Markets? 18:54 - Outro Please see the links below or articles that we discuss in the podcast. How Conflict in the Middle East Could Send Oil Prices SoaringIsrael, Mideast Markets Fall on Iran Threat, Global Stock PlungeNorwegian piped gas exports to NW Europe stay strong in JulyShale Keeps Getting Leaner and MeanerOil Price Collapse Tampered by Tensions in the Middle EastFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
07 Aug 2024 | Oil Demand Rising 1.6 Million Bpd | 00:13:26 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President and CEO of the Sandstone Group, discusses various energy-related topics in his Energy News Beat Daily. He highlights Saudi Aramco's optimistic outlook on oil demand growth, contrasting it with more conservative forecasts from other agencies. He also addresses the challenges facing Venezuela's energy industry due to political unrest, the potential increase in U.S. LNG exports to Europe, and the Biden administration's Strategic Petroleum Reserve (SPR) narrative. Turley emphasizes the ongoing reliance on fossil fuels despite the growth of clean energy and discusses how investors are capitalizing on AI's rising energy demands by investing in utility stocks. Highlights of the Podcast 00:00 - Intro 01:37 - Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 03:36 - How Venezuela’s Election Unrest Will Impact Global Oil Markets 04:45 - More US LNG set to flow into European energy mix in 2030s if Cheniere rubber-stamps Sabine Pass expansion 07:00 - Fact-Checking the Biden Administration’s SPR Narrative 08:33 - Clean Energy May be Growing, But It’s Not Replacing Dirty Energy 10:01 - How Investors Are Capitalizing on AI’s Insatiable Appetite for Energy 12:51 - Outro Please see the links below or articles that we discuss in the podcast. Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024How Venezuela’s Election Unrest Will Impact Global Oil MarketsMore US LNG set to flow into European energy mix in 2030s if Cheniere rubber-stamps Sabine Pass expansionFact-Checking the Biden Administration’s SPR NarrativeClean Energy May be Growing, But It’s Not Replacing Dirty EnergyHow Investors Are Capitalizing on AI’s Insatiable Appetite for EnergyFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
08 Aug 2024 | Biden's Green Spending | 00:15:19 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss a range of energy-related topics. They highlight the Biden administration's introduction of $1.2 trillion in new regulations in 2024, criticize the Biden-Harris energy policy, and express concerns about billions of taxpayer dollars being allocated to green projects. They also cover Saudi Aramco's interest in LNG investments, California's proposed state takeover of oil refineries, and the court's revocation of a permit for a U.S. LNG export terminal. The show concludes with a brief update on oil and gas market movements and inventories. Highlights of the Podcast 00:00 - Intro 01:36 - In 2024, Biden Admin Churned Out $1.2 Trillion In New Regulations 03:25 - DAVID BLACKMON: The Biden-Harris Energy Policy Is A Mess That Kamala Harris Now Fully Owns 05:02 - Biden Is Dumping Billions Of Tax Dollars Into ‘Green’ Projects Before Leaving Office 06:29 - Aramco CEO: LNG is ‘on our radar screen’ 07:42 - California Energy Commission Proposes State Takeover Of Oil Refineries 09:09 - Court pulls permit for NextDecade’s US LNG export terminal 12:19 - Markets Update 14:48 - Outro Please see the links below or articles that we discuss in the podcast. In 2024, Biden Admin Churned Out $1.2 Trillion In New RegulationsDAVID BLACKMON: The Biden-Harris Energy Policy Is A Mess That Kamala Harris Now Fully OwnsBiden Is Dumping Billions Of Tax Dollars Into ‘Green’ Projects Before Leaving OfficeAramco CEO: LNG is ‘on our radar screen’California Energy Commission Proposes State Takeover Of Oil RefineriesCourt pulls permit for NextDecade’s US LNG export terminalFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
09 Aug 2024 | ENB #213 Ronald Stein on the Realities of Clean Energy and Oil Dependency | 00:46:22 | |
In the Conversation in Energy with Stuart Turley interviews Ronald Stein, co-author of "Clean Energy Exploitations," to discuss the critical and often overlooked role of crude oil in modern society. They explore the challenges and ethical issues surrounding the transition to renewable energy, the limitations of wind and solar power, and the practical concerns associated with electric vehicles (EVs). Stein highlights the environmental and economic implications of current energy policies, advocating for a more balanced and realistic approach to achieving sustainable energy solutions. I have thoroughly enjoyed my podcasts with Ron; he is a true resource for the energy community. Please buy his books and check out his other articles. Amazon Link: https://a.co/d/3RMpOfK https://theenergynewsbeat.substack.com/ Highlights of the Podcast 00:00 - Intro 01:02 - The Role of Crude Oil 02:52 - Products from Oil 03:50 - Energy Sources and Limitations 05:23 - Electric Vehicles (EVs) Concerns 07:07 - California's Dependency on Foreign Oil 09:52 - Renewable Fuel and Refineries 10:47 - Economic and Environmental Impact of Policies 12:11 - The Green Movement and Its Challenges 15:57 - Global Elites and Climate Change 18:23 - Ethical Concerns with Green Energy 20:11 - Challenges with EV Infrastructure 24:28 - China's Role in EV Market 26:18 - Personal Experiences and Opinions on EVs 29;15 - Insurance and Safety Concerns with EVs 21:19 - Technology and Energy Transition 35:25 - Hybrid Vehicles as a Solution 37:30 - Practical Issues with EVs in Cold Climates 38:23 - Maintenance of EV Charging Stations 45:20 - Conclusion | |||
10 Aug 2024 | Week Recap: Chevron's Texas Move & Global Power Demand Surge | 00:18:18 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics, including the volatility in oil prices, geopolitical tensions in the Middle East, and the impact of energy policies on industry. They highlight Chevron's move to Texas due to unfavorable policies in California, the rising global power demand, and the ongoing challenges faced by U.S. shale producers. Additionally, they critique the Biden administration's green energy spending and discuss the implications of recent court rulings on U.S. LNG export terminals. Highlights of the Podcast 00:00 - Intro 01:17 - Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 03:09 - Chevron Taking Its Headquarters To Texas 05:30 - Israel, Mideast Markets Fall on Iran Threat, Global Stock Plunge 07:27 - Shale Keeps Getting Leaner and Meaner 12:32 - Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 14:29 - Biden Is Dumping Billions Of Tax Dollars Into ‘Green’ Projects Before Leaving Office 15:55 Court pulls permit for NextDecade’s US LNG export terminal 18:08 - Outro Please see the links below or articles that we discuss in the podcast. Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25Chevron Taking Its Headquarters To TexasIsrael, Mideast Markets Fall on Iran Threat, Global Stock PlungeShale Keeps Getting Leaner and MeanerSaudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024Biden Is Dumping Billions Of Tax Dollars Into ‘Green’ Projects Before Leaving OfficeCourt pulls permit for NextDecade’s US LNG export terminal Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
13 Aug 2024 | Strait Hormuz Tensions | 00:14:05 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President and CEO of the Sandstone Group, provides an update on global energy news, discussing key topics such as the increased reliance on coal, India's call to abolish windfall taxes on petroleum products, the U.S. oil M&A spree, OPEC's reduced oil demand forecast due to China's economic struggles, concerns about the safety of a Ukrainian nuclear power plant under Russian control, and the strategic importance of the Strait of Hormuz amid regional tensions. He emphasizes the complex dynamics of the energy market and its impact on global economies. Highlights of the Podcast 00:00 - Intro 01:32 - We’re Burning More Climate-Warming Coal Than Ever. Why? 03:56 - India’s Oil Ministry Wants Windfall Tax on Petroleum Products Abolished 05:34 - U.S. Oil M&A Spree Set to Surpass Last Year’s Size 07:22 - OPEC Cuts Oil Demand Growth Estimates as China’s Economy Struggles 09:03 - No sign of elevated radiation at Zaporizhzhia nuclear plant despite fire 10:32 - Why the Strait of Hormuz Is a Focus of Worry Again 13:3 - Outro Please see the links below or articles that we discuss in the podcast. We’re Burning More Climate-Warming Coal Than Ever. Why?India’s Oil Ministry Wants Windfall Tax on Petroleum Products AbolishedU.S. Oil M&A Spree Set to Surpass Last Year’s SizeOPEC Cuts Oil Demand Growth Estimates as China’s Economy StrugglesNo sign of elevated radiation at Zaporizhzhia nuclear plant despite fireWhy the Strait of Hormuz Is a Focus of Worry AgainFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
14 Aug 2024 | Navigating the Return to Tangibles: Investing in Energy, Commodities, and Long-term Market Themes | 00:27:52 | |
In the Energy News Beat - Conversation in Energy with Stuart Turley interviews Wasif Latif, CEO & Chief Investment Officer of Sarmaya Partners, about thematic investing and the importance of identifying long-term market themes. They discuss the current market focus on the "Return to Tangibles," highlighting the growing importance of energy, commodities like gold and copper, and the implications of geopolitical risks. They also touch on the challenges of the energy transition, the significance of traditional energy sources, and strategies for preserving and growing wealth in a shifting economic landscape. Thank you, Wasif, for stopping by the podcast. I am looking forward to our future discussions on investing in this market. - Stu Highlights of the Podcast 00:00 - Intro 00:50 - Thematic Investing Overview 01:12 - Historical Market Themes 04:49 - Current Market Theme: Return to Tangibles 08:49 - Energy Transition and Commodity Supercycle - 12:15 - Investment Strategy and ESG Impact 14:36 - Future Market Risks and Gold as a Hedge 19:01 - Reindustrialization and Commodities Demand 25:17 - Long-term Investment Perspective 26:51 - Closing Remarks and Contact Information Helpful Links: | |||
14 Aug 2024 | Elon Musk and Donald Trump Transcript | 00:22:17 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various energy-related headlines, including the surprising Elon Musk and Donald Trump interview on X, the disparity between green hydrogen subsidies and nuclear funding, and VP Kamala Harris's struggle to distance herself from her anti-fracking stance in Pennsylvania. They also touch on the ongoing gas flows between Russia and Ukraine despite the conflict, the high costs of the Biden administration's push for electric vehicles, and current oil and gas market volatility, particularly in relation to Middle Eastern tensions. 00:00 - Intro 01:35 - Elon Musk and Donald Trump X Interview Transcript 05:07 - “Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To Nuclear 08:05 - In Pennsylvania, Harris can’t shake her anti-fracking past 10:49 - Ukraine and Russia Plan to Keep Gas Flowing Amid Fighting 12:39 - The True Cost Of The Biden-Harris Bet To Electrify Vehicles 15:19 - Oil Prices Under Pressure Despite Continued Geopolitical Uncertainty 19:11 - Chevron Starts Production at Anchor With Industry-First Deepwater Technology 21:57 - Outro Please see the links below or articles that we discuss in the podcast. Elon Musk and Donald Trump X Interview Transcript"The interview that broke the internet"“Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To NuclearIn Pennsylvania, Harris can’t shake her anti-fracking pastUkraine and Russia Plan to Keep Gas Flowing Amid FightingThe True Cost Of The Biden-Harris Bet To Electrify VehiclesOil Prices Under Pressure Despite Continued Geopolitical UncertaintyFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
15 Aug 2024 | When will the world hit Peak Oil? | 00:16:59 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy headlines including Elon Musk's Grok 2.0 AI tool, breakthrough drilling technology unlocking 5 billion barrels of oil, Cheniere's prediction that Asian LNG demand will double by 2040, and Europe's increasing reliance on Russian fuel despite sanctions. They also cover the UK greenlighting its biggest undersea power link and review oil market trends, including an unexpected crude oil inventory build and fluctuating oil prices. The episode also touches on inflation trends and the potential for future Fed rate cuts. Highlights of the Podcast 00:00 - Intro 01:31 - When will the world hit peak oil? 05:22 - Breakthrough Drilling Technology Could Unlock 5 Billion Barrels of Oil 06:24 - Cheniere expects Asian LNG demand to nearly double by 2040 07:29 - European gas price hike boosts Russian fuel sales, outstriping total EU aid to Ukraine 09:03 - UK’s biggest undersea power link gets green light 11:26 - Markets Update 12:22 - Weekly Petroleum Status Report 16:00 - Outro Please see the links below or articles that we discuss in the podcast. When will the world hit peak oil?Elon Musk's Grok 2.0 is becoming a useful tool, and funny.Breakthrough Drilling Technology Could Unlock 5 Billion Barrels of OilCheniere expects Asian LNG demand to nearly double by 2040European gas price hike boosts Russian fuel sales, outstriping total EU aid to UkraineUK’s biggest undersea power link gets green light Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
17 Aug 2024 | Week Recap: Net Zero, Oil Efficiency, and Global Trade Tensions | 00:20:57 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss a range of topics including the impact of net zero policies on gasoline prices, the increase in U.S. oil production despite fewer workers, and geopolitical tensions affecting the Strait of Hormuz. They also cover the high costs and inefficiencies of hydrogen subsidies compared to nuclear energy, and the role of coal in global energy. The episode concludes with a humorous take on AI advancements and their role in generating insights about peak oil and other topics. Highlights of the Podcast 00:00 - Intro 01:36 - Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher 05:05 - U.S. Oil Industry Pumps Record Volumes with Fewer Workers 09:50 - We’re Burning More Climate-Warming Coal Than Ever. Why? 12:13 - Why the Strait of Hormuz Is a Focus of Worry Again 14:54 - “Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To Nuclear 17:50 - When will the world hit peak oil? Elon Musk's Grok 2.0 is becoming a useful tool, and funny. 20:38 - Outro Please see the links below or articles that we discuss in the podcast. Politicians Backing Net Zero Working Hard To Make Gas Prices Much HigherU.S. Oil Industry Pumps Record Volumes with Fewer WorkersWe’re Burning More Climate-Warming Coal Than Ever. Why?Why the Strait of Hormuz Is a Focus of Worry Again“Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To NuclearWhen will the world hit peak oil?Elon Musk’s Grok 2.0 is becoming a useful tool, and funny. Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
19 Aug 2024 | New Era For Nukes | 00:19:21 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several major global energy issues, including the potential reopening of the Palisades nuclear power plant in the U.S., the deteriorating safety situation at a Ukrainian nuclear plant amid ongoing conflict, power blackouts in Lebanon due to intensified clashes with Israel, and concerns about whether the West can build its own copper industry amidst rising demand. They also cover Russia's continued development of its LNG facilities despite sanctions and touch on broader geopolitical tensions and their impact on global energy markets. Highlights of the Podcast 00:00 - Intro 01:17 - A New Era for Nuclear Power in the U.S. 04:20 - Safety at Ukraine nuclear plant deteriorates after nearby blast: IAEA 05:55 - Lebanon Faces Power Blackout as Clashes With Israel Intensify 07:13 - Can the West Afford to Build Its Own Copper Industry? 09:11 - Novatek Set to Dock Second LNG Unit at Sanctioned Arctic Plant 13:17 - Markets Update 16:39 - Rig Count Update 17:21 - Outro Please see the links below or articles that we discuss in the podcast. A New Era for Nuclear Power in the U.S.Safety at Ukraine nuclear plant deteriorates after nearby blast: IAEALebanon Faces Power Blackout as Clashes With Israel IntensifyCan the West Afford to Build Its Own Copper Industry?Novatek Set to Dock Second LNG Unit at Sanctioned Arctic PlantFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
20 Aug 2024 | UK Energy Bills Go Up | 00:13:56 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner discusses the potential rise in UK energy bills this winter, with prices possibly increasing by 9% to an average of £1,714 due to a new energy price cap forecast. He also covers a U.S. House hearing that revealed the potential for up to 48 wind blade failures per year from offshore wind turbines, raising environmental concerns. Tanner briefly touches on the recent drop in oil prices to $73.79, and mentions Apache's exploration of a $1 billion sale of its Permian assets. Highlights of the Podcast 00:00 - Intro 01:11 - Winter squeeze: Average energy bills could jump to £1,714 03:36 - House Hearing Reveals U.S. Could Experience 48 Wind Blade Failures Per Year 09:36 - Markets Update 10:21 - Oil falls by more than $2 a barrel on Gaza ceasefire talks and weak Chinese economy 11:41 - Oil producer APA explores $1-billion sale of Permian assets, sources say 13:17 - Outro Please see the links below or articles that we discuss in the podcast. Winter squeeze: Average energy bills could jump to £1,714House Hearing Reveals U.S. Could Experience 48 Wind Blade Failures Per YearOil falls by more than $2 a barrel on Gaza ceasefire talks and weak Chinese economyOil producer APA explores $1-billion sale of Permian assets, sources sayFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
21 Aug 2024 | Big Oil profits | 00:12:16 | |
Highlights of the Podcast 00:00 - Intro 00:58 - China’s Coal Production Surges to Meet Energy Demands 02:16 - Fed Confronts Up to a Million US Jobs Vanishing in Revision 04:00 - Harris -Walz are oblivious that the U.S. economy CAN NOT exist without crude oil 06:01 - Big Oil Cashes In as Clean Fuel Startups Falter 07:58 - Diary of a Mad(Natural Gas Producer)man 11:13 - Outro Please see the links below or articles that we discuss in the podcast. China’s Coal Production Surges to Meet Energy DemandsFed Confronts Up to a Million US Jobs Vanishing in RevisionHarris -Walz are oblivious that the U.S. economy CAN NOT exist without crude oil.Big Oil Cashes In as Clean Fuel Startups FalterDiary of a Mad(Natural Gas Producer)manFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
22 Aug 2024 | Biden's Energy Policies Collapse | 00:14:17 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, covers several key energy stories in this update. The European Union reduced proposed tariffs on Tesla's Chinese-made EVs, while Texas faces growing electricity demands amid a heatwave. Oil prices are seeing fluctuations as inventory reports vary, and Enbridge's CEO discussed the significant role of AI in U.S. LNG growth. Enbridge also cut tolls on its pipeline system due to new competition. Finally, David Blackman critiques the crumbling of Biden's energy policies, highlighting the financial struggles faced by the green energy sector due to inflation and higher interest rates. Highlights of the Podcast 00:00 - Intro 01:19 - EU Slashes Proposed Tariffs on Tesla’s China-Made EVs 03:13 - Texas Faces Growing Electricity Needs 05:07 - Oil Ticks Higher as EIA Reports Inventory Draws Across the Board 06:26 - Enbridge CEO Ebel Sees ‘Colossal’ AI Power Use, US LNG Doubling 08:49 - Enbridge Cuts Tolls on Oil Pipeline System Amid New Competition 10:20 DAVID BLACKMON: Biden Exits As His Energy Policies Crumble All Around Him 12:52 - Outro Please see the links below or articles that we discuss in the podcast. EU Slashes Proposed Tariffs on Tesla’s China-Made EVsTexas Faces Growing Electricity NeedsOil Ticks Higher as EIA Reports Inventory Draws Across the BoardEnbridge CEO Ebel Sees ‘Colossal’ AI Power Use, US LNG DoublingEnbridge Cuts Tolls on Oil Pipeline System Amid New CompetitionDAVID BLACKMON: Biden Exits As His Energy Policies Crumble All Around HimFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
24 Aug 2024 | Week Recap: Nuclear Revival, Wind Power Issues, and LNG Growth | 00:20:07 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley covers topics like the U.S. reopening the Palisades nuclear power plant, the challenges of nuclear energy, and the inefficiencies and environmental concerns of offshore wind power. It also touches on global energy developments, including Russia's LNG expansion and natural gas pricing anomalies. Enbridge's CEO highlights the growing role of U.S. oil exports and the potential impact of artificial intelligence on electricity demand, with a significant focus on the advantages of natural gas and pipeline proximity for cost-effective energy. Highlights of the Podcast 00:00 - Intro 01:27 - A New Era for Nuclear Power in the U.S. 04:28 - Lebanon Faces Power Blackout as Clashes With Israel Intensify 05:47 - Novatek Set to Dock Second LNG Unit at Sanctioned Arctic Plant 08:47 - House Hearing Reveals U.S. Could Experience 48 Wind Blade Failures Per Year 14:03 - Diary of a Mad(Natural Gas Producer)ma 17:35 - Enbridge CEO Ebel Sees ‘Colossal’ AI Power Use, US LNG Doubling 19:55 - Outro Please see the links below or articles that we discuss in the podcast. A New Era for Nuclear Power in the U.S.Lebanon Faces Power Blackout as Clashes With Israel IntensifyNovatek Set to Dock Second LNG Unit at Sanctioned Arctic PlantHouse Hearing Reveals U.S. Could Experience 48 Wind Blade Failures Per YearDiary of a Mad(Natural Gas Producer)manEnbridge CEO Ebel Sees ‘Colossal’ AI Power Use, US LNG Doubling Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
23 Aug 2024 | ENB #215 Fossil Fuels vs. Renewables: Navigating the Future of Energy | 00:46:06 | |
In the Energy News Beat – Conversation in Energy with Stuart Turley interviews Dan Romito, Managing Director at Pickering Energy Partners, discussing the current state of energy, including the role of fossil fuels, the inefficiencies and challenges of renewable energy, and the importance of natural gas and nuclear power in reducing CO2 emissions. They emphasize the need for data-driven decisions in energy policy, criticize the political handling of LNG exports, and highlight the global implications of energy choices, particularly with regard to China and developing economies. The conversation also touches on technological advancements and the future of energy efficiency. Dan, thank you for stopping by the podcast, and I look forward to more discussions with you soon! - Stu. Please follow Dan on his LinkedIn Here: https://www.linkedin.com/in/daniel-romito-0041834/ Find out more about Pickering Energy Partners Here: https://www.pickeringenergypartners.com/ Highlights of the Podcast 00:00 - Intro 00:56 - Pickering Energy Partners Overview 01:52 - Energy Transition vs. Expansion 02:50 - Electricity & Energy Misconceptions 05:27 - Capital Discipline in Energy 08:49 - U.S. CO2 Emissions Reduction 12:02 - China's Energy Strategy 15:17 - Global Natural Gas Trends 17:00 - Environmental Impact of Renewables 20:26 - Natural Gas in Energy Mix 22:07 - LNG Export Challenges 29:29 - AI and Energy Demand 34:13 - Nuclear Energy Potential 36:32 - California's Energy Policies 37:55 - Methane Intensity & ESG Future 42:25 - Advances in Methane Monitoring 42:44 - Environmental NGOs & Regulation 45:14 - Conclusion & Contact Info | |||
26 Aug 2024 | China Oil Demand Peaked? | 00:19:18 | |
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner rocking a solo show covers several key topics: China's potential peak in oil demand, driven by factors such as the rise of EVs, LNG in trucks, and a slowdown in manufacturing and real estate; Tellurian's progress with its Driftwood LNG project in Louisiana; and why OPEC may struggle to reverse its oil output cuts due to rising production in the U.S., Guyana, and Brazil. Tanner also discusses market reactions to U.S. Fed Chair Jerome Powell's comments on potential interest rate cuts and the implications for oil and natural gas prices. Highlights of the Podcast 00:00 - Intro 01:08 - Is China’s Demand for Oil Nearing Its Peak? 06:41 - Tellurian moving forward with Driftwood LNG work 10:06 - Why OPEC Can’t Afford To Reverse Oil Output Cuts 14:40 - Market Updates 17:54 - Rig Count Updates 18:51 - Outro Is China’s Demand for Oil Nearing Its Peak?Tellurian moving forward with Driftwood LNG workWhy OPEC Can’t Afford To Reverse Oil Output CutsFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
27 Aug 2024 | Exxon Projects 2050 Oil Demand | 00:11:49 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President and CEO of the Sandstone Group, covers a range of energy-related topics in his daily update. He discusses state rankings for electric vehicles (EVs) in the U.S., with California leading, while states like Mississippi lag behind. Turley also reports on recent incidents, including a fire at Rivian's manufacturing plant and geopolitical tensions affecting oil prices. Additionally, he addresses Exxon’s forecast that oil demand will remain steady until 2050, despite global efforts to transition to renewable energy, emphasizing the ongoing need for fossil fuels alongside renewables. Highlights of the Podcast 00:00 - Intro 01:02 - State Rankings: Electric Vehicles per Capita in the United States 03:51 - Green Inferno: Fire at Tesla Rival Rivian’s Illinois EV Plant Damages Electric Trucks 04:39 - Oil Prices Soar as Geopolitical Risk Rises Rapidly 06:01 - Stricken suezmax off Yemen now an ‘imminent’ environmental hazard 07:07 - Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal 11:04 - Outro Please see the links below or articles that we discuss in the podcast. State Rankings: Electric Vehicles per Capita in the United StatesGreen Inferno: Fire at Tesla Rival Rivian’s Illinois EV Plant Damages Electric TrucksOil Prices Soar as Geopolitical Risk Rises RapidlyStricken suezmax off Yemen now an ‘imminent’ environmental hazardExxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
28 Aug 2024 | New Mexico Oil Production HUGE | 00:17:11 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several key topics, including the rise of renewables to 14.6% of global energy consumption in 2023, Norway's surge in natural gas exports, New Zealand reversing its ban on offshore oil and gas exploration due to an energy shortage, and the increasing significance of two counties in New Mexico for U.S. oil production. They also touch on declining LNG shipping rates and regional differences in natural gas markets, with U.S. prices being weak compared to higher prices in Europe and Asia. Highlights of the Podcast 00:00 - Intro 01:08 - Renewables Accounted for 14.6% of Global Energy Consumption in 2023 02:57 - Visualizing the Renewable Energy Landscape Across G20 Countries 04:36 - Norway’s Natural Gas Exports Surge in 2024 06:22 - New Zealand to Reverse Ban on Offshore Oil and Gas Exploration 07:56 - US Oil Dominance Hinges on Quiet Corner of New Mexico 11:05 - Markets Update 13:55 - Spot LNG shipping rates, European prices continue to drop 16:08 - Outro Please see the links below or articles that we discuss in the podcast. Renewables Accounted for 14.6% of Global Energy Consumption in 2023Visualizing the Renewable Energy Landscape Across G20 CountriesNorway’s Natural Gas Exports Surge in 2024New Zealand to Reverse Ban on Offshore Oil and Gas ExplorationUS Oil Dominance Hinges on Quiet Corner of New MexicoSpot LNG shipping rates, European prices continue to dropFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
29 Aug 2024 | Trump's Energy Plan: End Energy Poverty | 00:16:32 | |
In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley provides a rapid overview of various global energy-related topics, including Ukraine's strikes on Russian oil depots, the challenges and benefits of owning a Generac generator amid rising grid instability in the U.S., and the potential energy policies under a Trump administration. He criticizes the UK's energy crisis management and discusses the impact of Libya's internal power struggle on global oil prices. Turley highlights the complexities of energy security, the role of leadership in addressing these issues, and the need for proactive measures to ensure stability and affordability in the energy sector. Highlights of the Podcast 00:00 - Intro 01:29 - Ukraine Strikes 2 More Oil Depots Deep Into Russian Territory 02:45 - What’s Good For Generac Is Bad For America. We Bought One Anyway 06:44 - How Trump Can Win On Energy: Zero Energy Poverty 08:58 - Why Trump Would Be Better For The Climate Than Kamala 12:09 - Prime Minister vows to fix energy crisis 13:48 - Libya Power Struggle Spikes Oil Prices 15:49 - Outro Please see the links below or articles that we discuss in the podcast. Ukraine Strikes 2 More Oil Depots Deep Into Russian TerritoryWhat’s Good For Generac Is Bad For America. We Bought One AnywayHow Trump Can Win On Energy: Zero Energy PovertyWhy Trump Would Be Better For The Climate Than KamalaPrime Minister vows to fix energy crisisLibya Power Struggle Spikes Oil PricesFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
31 Aug 2024 | Week Recap: From Peak Oil in China to Tesla Trends | 00:17:58 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discusses a range of topics including geopolitical risks affecting oil prices, China's potential peak in oil demand, and the ongoing global energy transition. Highlights include China's declining oil imports, the impact of electric vehicles and LNG on oil demand, and the U.S.'s role in global energy markets. The podcast also touches on the potential benefits of a Trump presidency for the climate compared to Kamala Harris, emphasizing natural gas exports and criticism of current U.S. energy policies. The episode wraps up with a humorous comparison of Tesla cars in different U.S. cities. Highlights of the Podcast 00:00 - Intro 01:15 - Is China’s Demand for Oil Nearing Its Peak? 06:46 - State Rankings: Electric Vehicles per Capita in the United States 09:22- Oil Prices Soar as Geopolitical Risk Rises Rapidly 10:43 - Renewables Accounted for 14.6% of Global Energy Consumption in 2023 12:27 - Spot LNG shipping rates, European prices continue to drop 14:37 - Why Trump Would Be Better For The Climate Than Kamala 17:47 - Outro Please see the links below or articles that we discuss in the podcast. Is China’s Demand for Oil Nearing Its Peak?State Rankings: Electric Vehicles per Capita in the United StatesOil Prices Soar as Geopolitical Risk Rises RapidlyRenewables Accounted for 14.6% of Global Energy Consumption in 2023Spot LNG shipping rates, European prices continue to dropWhy Trump Would Be Better For The Climate Than KamalaFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
30 Aug 2024 | ENB #216 Revolutionizing Nuclear Energy: Elizabeth Muller on Innovative Waste Disposal and Achieving Net Zero | 00:20:22 | |
In the Energy News Beat, Conversation in Energy with Stuart Turley interviews Elizabeth Muller, Executive Chair and Co-Founder, about the future of nuclear power and the challenges surrounding nuclear waste disposal. They explore public perception shifts, the potential for recycling nuclear waste, and regulatory barriers in the US compared to Europe. Elizabeth highlights Deep Isolation's innovative underground disposal method and emphasizes the need for legislative changes to advance nuclear power as a key component in achieving net-zero emissions. Check out Deep Isolation Here: https://www.deepisolation.com/ Connect with Liz on LinkedIn HERE: https://www.linkedin.com/in/elizabethmuller/ We need nuclear power more now than ever in our nation's history. Nuclear and natural gas are the only ways to achieve Net Zero while balancing the grid demands. I had a blast visiting Liz; her expertise and company are great examples of what we need to get things moving to achieve significant low cost and low pollution in the United States. Thank you, Liz, for stopping by the ENB podcast. I look forward to the updates! Let me know if we can coordinate a podcast with our elected officials to help move forward. - Stu Highlights of the Podcast 00:00 - Intro 01:00 - Elizabeth’s New Role 02:13 - Public Perception of Nuclear 03:32 - Recycling Nuclear Waste 04:00 - Waste Disposal Challenges 06:38 - Regulatory Hurdles 08:31 - Optimism for Nuclear’s Future 09:48 - European Progress vs. US Barriers 12:23 - Deep Isolation’s Solution 16:42 - Legislative Challenges 19:31 - Future of Nuclear Power 20:01 - Contact and Closing | |||
02 Sep 2024 | ENB #217 Drilling Down: The State of Independent Oil and Gas in a Shifting Economy | 00:25:39 | |
In the Energy News Beat - Conversation in Energy with Stuart Turley and Rey Trevino III discuss the current state of the oil and gas industry, emphasizing the ongoing demand for oil, the challenges posed by rising costs, and the role of independent oil companies in the U.S. They highlight the importance of effective cost management, the potential of using stranded natural gas for Bitcoin mining, and the impact of political and economic factors on energy production. The conversation also touches on the differences between energy policies in Texas and California and the upcoming 2024 election. Rey is on news shows and is a great resource for what is going on in the energy markets. He has his own podcast the Crude Truth, and is also a co-host on the 3 Podcasters Walk into a Bar. Thank you Rey, for stopping by the ENB Podcast. I had an absolute blast. Please follow Rey on his LinkedIn HERE: https://www.linkedin.com/in/reytrevinoiii/ Check out Rey's podcast the Crude Truth HERE: https://thecrudetruth.com/ Pecos Operating is HERE: https://pecosoperating.com/ For Audio Chapters Highlights of the Podcast 00:00 - Intro 00:39 - Current Drilling and Production 01:07 - Importance of Low-Cost Energy 02:28 - Global Oil Demand and OPEC vs. IEA 03:00 - Impact of Rising Costs and Bidenomics 04:00 - Independent Oil Companies' Role in U.S. Energy 04:40 - Family Business Background and Outlook 07:45 - Comparison of Energy Policies: Texas vs. California 10:00 - Due Diligence in Drilling Operations 12:05 - Reworking Wells for Increased Production 13:08 - Challenges and Opportunities in Oil Deals 14:39 - Climate Transition and Economic Impacts 15:06 - Security and Technology in Oil and Gas 16:15 - Gas Prices and Natural Gas Production 18:08 - Bitcoin Mining and Stranded Gas 19:59 - Political Commentary on Digital Currency and Regulation 21:14 - Podcast Performance and Audience Engagement 23:56 - Final Thoughts and Contact Information 25:19 - Closing Remarks | |||
03 Sep 2024 | African Joins BRICS | 00:27:42 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner covers the harsh realities of the global energy transition, highlighting how fossil fuel demand continues to outpace renewable growth. It discusses Saudi Arabia's expected cut in oil prices to Asia, Algeria's move to join the BRICs bank, and the doubling of New Jersey's electric bills due to green energy policies. Additionally, the podcast touches on the static state of U.S. oil rig counts and the sudden resignation of Talos Energy's CEO, reflecting broader industry and geopolitical dynamics in the energy sector. Highlights of the Podcast 00:00 - Intro 02:06 - The Harsh Reality of the Global Energy Transition 04:47 - Saudi Arabia Expected to Cut Its Oil Prices to Asia for October 07:24 - African state joins BRICS bank 10:01 - Thanks To Gov. Murphy’s ‘Green Energy Nightmare’, New Jerseyans’ Electric Bills Have Doubled 12:29 - Oil Rigs are where they were around COVID 20:46 - Markets Update 23:35 - Talos Energy Announces CEO Transition 26:30 - Outro Please see the links below or articles that we discuss in the podcast. The Harsh Reality of the Global Energy TransitionSaudi Arabia Expected to Cut Its Oil Prices to Asia for OctoberAfrican state joins BRICS bankThanks To Gov. Murphy’s ‘Green Energy Nightmare’, New Jerseyans’ Electric Bills Have DoubledOil Rigs are where they were around COVIDFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
04 Sep 2024 | LNG Plant Approved?! | 00:17:52 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner discuss major energy headlines, including Biden's approval of a new LNG export license for New Fortress Energy, Saudi Aramco's pursuit of downstream and LNG deals, and Volkswagen's potential closure of German factories due to rising energy costs. They also touch on the financial challenges facing Kamala Harris's inflation strategy, the illusion of cheap renewable energy, and U.S. oil production trends amidst fluctuating oil prices. The episode concludes with a look at broader market conditions and oil price movements impacted by global factors like Libyan oil production. Highlights of the Podcast 00:00 - Intro 01:32 - Biden Grants First New LNG Approval Since Freezing Permits 04:24 - Saudi Aramco Continues to Pursue Downstream and LNG Deals 05:59 - Volkswagen’s 87-Year Streak of German Production Hangs in the Balance 07:50 - The Taxpayer-Funded Illusion Of ‘Cheap’ Renewable Energy 10:03 - Why Kamala Harris Will Not Bring Prices Down… Her Plan Needs Inflation 11:47 - U.S. Oil, Gas Drilling Activity. Oil Production Slip 14:27 - Market Updates 17:20 - Outro Please see the links below or articles that we discuss in the podcast. Biden Grants First New LNG Approval Since Freezing PermitsSaudi Aramco Continues to Pursue Downstream and LNG DealsVolkswagen’s 87-Year Streak of German Production Hangs in the BalanceThe Taxpayer-Funded Illusion Of ‘Cheap’ Renewable EnergyWhy Kamala Harris Will Not Bring Prices Down… Her Plan Needs InflationU.S. Oil, Gas Drilling Activity. Oil Production SlipFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
05 Sep 2024 | Rare Metals Prices Surge | 00:17:00 | |
In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover key energy headlines, including OPEC's potential delay in increasing oil supply due to price concerns, the surge in rare metal prices following China's export restrictions, and efficiency issues in capacity markets. They also discuss a new M&A deal where Crescent Energy acquires Cheyenne Petroleum's Eagle Ford assets for $168 million. The hosts emphasize the broader impacts of global energy dynamics, including Russian-Indian financial ties and the critical importance of regulatory shifts for mining and energy transitions. Highlights of the Podcast 00:00 - Intro 01:23 - OPEC+ Close to Delaying Oil Supply Increase, Delegates Say 03:25 - Facts & Speculation About The State Of Russo-Indo Financial Ties 04:37 - Rare Metals Prices Surge As China Restricts Exports 07:27 - Efficiency in Capacity Markets 08:53 - Invasion Of The Water Snatchers 11;45 - Markets Update 14:11 - Crescent Energy Announces Complementary Central Eagle Ford Bolt-On 16:06 - Outro Please see the links below or articles that we discuss in the podcast. OPEC+ Close to Delaying Oil Supply Increase, Delegates SayFacts & Speculation About The State Of Russo-Indo Financial TiesRare Metals Prices Surge As China Restricts ExportsEfficiency in Capacity MarketsInvasion Of The Water SnatchersFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter | |||
06 Sep 2024 | ENB: #217 The Savage Path: Navigating America’s Energy Challenges and Societal Shifts | 00:28:56 | |
In the Energy News Beat – Conversation in Energy with Stuart Turley interviews David L. Savage, an author and energy expert, discussing the challenges facing the U.S. energy sector, including the impact of the Green New Deal and Texas's strained power grid. They explore the broader implications of energy policies on the economy, the role of misinformation in public discourse, and the importance of ethics and mentorship in today's society. The conversation also touches on Savage's book, "The Savage Path," and the need for men to step up as leaders in their communities. Check out everything about David and his book The Savage Path, radio and podcast Here: https://www.thesavagepath.com/ David, thank you for stopping by the podcast! I had a blast talking with you about energy and your personal journey. As men, we need to be prepared to help our families, friends, and neighbors through difficult times. - Stu Highlights of the Podcast 00:00 - Intro 01:54 - Misinformation and Energy Policies 02:38 - The Impact of the Green New Deal 04:55 - Challenges in Texas Energy Grid 06:19 - Transmission and Infrastructure Issues 07:46 - Climate Change and Geoengineering 09:18 - Ethics and Social Media 10:33 - Walk to Emmaus Experience 12:38 - The Role of Men in Society 14:44 - Mentorship and Discipleship 16:05 - Discussion on "The Savage Path" Book 18;07 - Scouting and Youth Development 20:09 - Personal Stories from Scouting 22;11 - Importance of Energy in Economy 22:50 - Political Landscape and Identity Politics 24:29 - Energy Independence and Global Stability 25:29 - Mainstream Media and Public Trust 27:07 - Future of Energy and Nuclear Power 28:38 - Closing Remarks and Call to Action | |||
07 Sep 2024 | Week Recap: OPEC Shifts, LNG Approval, and Global Energy Politics | 00:24:03 | |
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various energy market updates they cover topics like OPEC's fluctuating production plans, the impact of inflation on oil companies, M&A activity, and global energy politics. Stuart highlights Saudi Arabia's expected oil price cuts to Asia, while Michael discusses Russia's role in oil markets and China's dominance in rare metals critical for military and energy applications. The episode also touches on LNG approvals, renewable energy, and the need for regulatory changes in the mining sector to meet energy transition goals. Highlights of the Podcast 00:00 - Intro 01:44 - Saudi Arabia Expected to Cut Its Oil Prices to Asia for October 04:13 - African state joins BRICS bank 06:49 - Oil Rigs are where they were around COVID 14:25 - Biden Grants First New LNG Approval Since Freezing Permits 17:14 - The Taxpayer-Funded Illusion Of ‘Cheap’ Renewable Energy 19:22 - OPEC+ Close to Delaying Oil Supply Increase, Delegates Say 21:23 - Rare Metals Prices Surge As China Restricts Exports 23:51 - Outro Please see the links below or articles that we discuss in the podcast. Saudi Arabia Expected to Cut Its Oil Prices to Asia for OctoberAfrican state joins BRICS bankOil Rigs are where they were around COVIDBiden Grants First New LNG Approval Since Freezing PermitsBiden Grants First New LNG Approval Since Freezing PermitsOPEC+ Close to Delaying Oil Supply Increase, Delegates SayRare Metals Prices Surge As China Restricts ExportsFollow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter |