Episodios

  • Yellen needs $3 Trillion for Climate Transition

    Yellen needs $3 Trillion for Climate Transition
    Jul 30 2024
    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 Podcast00:00 - Intro01:25 - Amazon claims to power all its operations with renewable energy. If only that were true.03:56 - CapMetro stops shift to all-electric bus fleet06:54 - Yellen says $3 trillion is needed each year to fund climate transition10:10 - Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift11:41 - Weak Demand in China Weighs on Middle East Oil Price Outlook13:27 - OutroPlease 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.July 29, 2024 Mariel AlumitWhen Amazon announced this month that it had achieved 100% renewable energy seven years ahead of schedule, that sounded like really good news for Virginia. Amazon owns more data centers here than anyone else, and data center […]OPEC: Oil Is Indispensable for Global ElectrificationJuly 29, 2024 Mariel AlumitOil and petroleum-based products are indispensable in the process of increasing electrification and expansion of power grids globally, OPEC Secretary General Haitham Al Ghais said on Monday, noting that the energy mix is not a […]CapMetro stops shift to all-electric bus fleetJuly 29, 2024 Mariel AlumitCapital Metro is slamming the brakes on an ambitious goal of transitioning to an all-electric bus fleet, citing problems with the range of battery-electric buses. Austin voters were promised a transit system with exclusively electric […]Yellen says $3 trillion is needed each year to fund climate transitionJuly 29, 2024 Mariel AlumitTreasury Secretary Janet Yellen said Saturday the world’s transition to a low-carbon economy requires $3 trillion in new investment annually through 2050, and that filling the financing gap to reach that level of funding represents the […]Taiwan Shuts Second-to-Last Nuclear Plant in Controversial ShiftJuly 29, 2024 Stu TurleyDecision could make island more dependent on energy imports Taiwan aims to decommission last reactor by May next year Taiwan will shut down its second-to-last nuclear plant on Saturday in a move likely to make […]Weak Demand in China Weighs on Middle East Oil Price OutlookJuly 29, 2024 Mariel AlumitChina’s maritime imports dropped to 10 million b/d at the start of the summer. The trend of weaker demand and sluggish physical activity in China impacted Middle East oil pricing. By not cutting when regional […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –
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    14 m
  • BRICS vs SWIFT

    BRICS vs SWIFT
    Jul 29 2024

    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 SWIFT

    July 26, 2024 Stu Turley

    The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape […]

    Potential increase in gas bills for UK households

    July 28, 2024 Mariel Alumit

    Households that delay switching to heat pumps may face a £2,000 increase in energy bills. This is because the cost of maintaining the gas network’s 174,000 miles of pipes and pumps will spread to fewer […]

    Vital Energy nearing a deal to buy Point Energy for $1.1 billion, sources say

    July 28, 2024 Michael Tanner

    NEW YORK, July 28 (Reuters) – Vital Energy (VTLE.N), opens new tab is closing in on an all-cash deal to acquire private equity-owned Point Energy Partners for $1.1 billion, people familiar with the matter said on Sunday, […]

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    18 m
  • Week Recap: Ford's EV Pivot, Wind Power Woes, UK Clean Energy Setbacks, and More

    Week Recap: Ford's EV Pivot, Wind Power Woes, UK Clean Energy Setbacks, and More
    Jul 27 2024
    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 Podcast00:00 - Intro00:58 - Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups03:14 - Why Wind Power Is Useless07:13 - UK mandates green jet fuel by 202509:35 - SM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2029 AND $750 MILLION OF SENIOR NOTES DUE 203212:44 - UK Likely to Miss Its 2030 Clean Power Goals14:38 - US Democrats launch bill holding oil firms accountable for any work with OPEC18:56 - OutroPlease 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 pickupsJuly 21, 2024 Stu TurleyNew plan comes after Ford postponed EV plant launch to 2027; those EVs will now be made elsewhere, while Oakville may get an electric pickup later in the decade Ford Motor Co. announced today it […]Why Wind Power Is UselessJuly 19, 2024 Mariel AlumitRenewable electricity, mostly wind power, is useless in every dimension. It is extremely expensive but is made to look cheap by hiding an 80% subsidy. It is an exorbitantly expensive method for reducing CO2 emissions. […]UK Likely to Miss Its 2030 Clean Power GoalsJuly 22, 2024 Mariel AlumitThe UK is poised to miss its ambitious target to decarbonize its power sector by 2030 even as it is boosting solar and wind developments, analysts say. The new UK government of the Labour Party, […]SM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2029 AND $750 MILLION OF SENIOR NOTES DUE 2032July 22, 2024 Mariel AlumitDENVER, July 18, 2024 /PRNewswire/ — SM Energy Company (“SM Energy”) (NYSE: SM) announced today that it has priced an upsized offering of $750,000,000.00 aggregate principal amount of its 6.750% senior notes due 2029 (the “2029 Notes”), and $750,000,000.00 aggregate principal amount […]UK mandates green jet fuel by 2025July 23, 2024 Mariel AlumitThe UK Government has announced the introduction of a sustainable aviation fuel (SAF) mandate, set to begin on 1st January 2025, subject to Parliamentary approval. This initiative aims to decarbonise air travel and stimulate economic […]US Democrats launch bill holding oil firms accountable for any work with OPECJuly 25, 2024 Mariel AlumitWASHINGTON, July 24 (Reuters) – Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading Desk– Get in Contact With The Show –
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    19 m
  • Deal Spotlight Episode #8: Devon + Grayson Mill

    Deal Spotlight Episode #8: Devon + Grayson Mill
    Jul 25 2024

    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.
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    47 m
  • Make Coal Great Again

    Make Coal Great Again
    Jul 25 2024

    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 2025

    July 24, 2024 Mariel Alumit

    Global coal demand is expected to remain stable in 2024 and 2025, as rising electricity needs in major economies balance out the effects of increased renewable energy and recovering hydropower. That’s according to the latest […]

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    17 m
  • Day 1 Kamala Harris Will Kill Oil and Energy

    Day 1 Kamala Harris Will Kill Oil and Energy
    Jul 24 2024
    In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covers several key stories: Kamala Harris's stance on banning fracking and its potential impacts, Iran's tanker concealment efforts post-sanctions, the U.S.'s increasing influence in global crude oil markets, New York's likely failure to meet its climate act deadlines, the UK's mandate for green jet fuel by 2025, and Poland's LNG terminal receiving its 300th cargo. Turley criticizes various energy policies and emphasizes the importance of making informed voting decisions regarding energy policies.Highlights of the Podcast00:00 - Intro01:16 - Kamala Harris: ‘No question’ I Would Ban Fracking02:41 - Iran’s tankers double down on concealment efforts post-sanctions04:22 - U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence05:48 - ‘Wake-Up Call:’ New York State Likely to Miss Deadlines on Costly, Cumbersome Climate Act07:12 - UK mandates green jet fuel by 202509:09 - Polish LNG terminal receives 300th cargo09:41 - OutroPlease see the links below or articles that we discuss in the podcast.Kamala Harris: ‘No question’ I Would Ban FrackingJuly 23, 2024 Mariel AlumitThe reality is that Kamala Harris has made her position on fracking perfectly clear. Source: Realclearenergy.org Take the Survey at https://survey.energynewsbeat.com/ 1031 Exchange E-Book Crude Oil, LNG, Jet Fuel price quote ENB Top News ENB […]Iran’s tankers double down on concealment efforts post-sanctionsJuly 23, 2024 Mariel AlumitAnalysis of satellite and AIS data shows these ships still play a role in Iran’s oil sector, but experts insist the financial restrictions are nonetheless degrading Iran’s capabilities IT IS no secret that tankers engaged […]U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market InfluenceJuly 23, 2024 Mariel AlumitThe discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]‘Wake-Up Call:’ New York State Likely to Miss Deadlines on Costly, Cumbersome Climate ActJuly 23, 2024 Mariel AlumitNew York is on track to miss the majority of its looming climate targets, according to a report from Democrat New York Gov. Kathy Hochul’s office. New York is on track to miss the majority […]UK mandates green jet fuel by 2025July 23, 2024 Mariel AlumitThe UK Government has announced the introduction of a sustainable aviation fuel (SAF) mandate, set to begin on 1st January 2025, subject to Parliamentary approval. This initiative aims to decarbonise air travel and stimulate economic […]Polish LNG terminal receives 300th cargoJuly 23, 2024 Mariel AlumitPoland’s Orlen has received the 300th cargo of liquefied natural gas (LNG) at the Swinoujscie terminal since the start of operations in 2016. The 2021-built LNG carrier Prism Courage delivered the milestone shipment to the […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading Desk– Get in Contact With The Show –
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    10 m
  • Big Tech's Net Zero Struggle

    Big Tech's Net Zero Struggle
    Jul 23 2024
    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 Podcast00:00 - Intro01:43 - China’s banking turmoil: 40 banks vanish as crisis deepens03:15 - Bad News From China Could Be The Harbinger For Lower Oil Prices05:15 - UK Likely to Miss Its 2030 Clean Power Goals07:40 - Russia Considers Building Oil Refinery in Cuba09:47 - Big Tech Struggles on the Path to Net Zero13:25 - Markets Update16:21 - Australia’s Woodside to buy Tellurian19:09 - $SM Debt Offering: $1.5B22:20 - OutroPlease see the links below or articles that we discuss in the podcast.China’s banking turmoil: 40 banks vanish as crisis deepensJuly 22, 2024 Mariel AlumitThe Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank has further deepened the sector’s problems. Experts warn that the situation could have […]Bad News From China Could Be The Harbinger For Lower Oil PricesJuly 22, 2024 Mariel AlumitFrom the mid-1990s to onset of Covid at the end of 2019, China almost singlehandedly drove the commodities supercycle, consisting of ever-increasing prices for the key materials it required to drive its extraordinary economic growth. […]UK Likely to Miss Its 2030 Clean Power GoalsJuly 22, 2024 Mariel AlumitThe UK is poised to miss its ambitious target to decarbonize its power sector by 2030 even as it is boosting solar and wind developments, analysts say. The new UK government of the Labour Party, […]Russia Considers Building Oil Refinery in CubaJuly 22, 2024 Mariel AlumitRussia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying. During a visit of […]Big Tech Struggles on the Path to Net ZeroJuly 22, 2024 Mariel AlumitBefore everything got disrupted by the attempt on President Trump’s life, I had written a post last week titled “Big Tech On The Path To Net Zero.” That post looked at the most recently issued […]Australia’s Woodside to buy TellurianJuly 22, 2024 Mariel AlumitAustralian LNG player Woodside has entered into a definitive deal to buy Tellurian, the developer of the Driftwood LNG export project in Louisiana. Woodisde said in a statement the consideration for the transaction is an […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading Desk– Get in Contact With The Show –
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    23 m
  • Crowdstrike Global Tech Outage Wrecks Industries

    Crowdstrike Global Tech Outage Wrecks Industries
    Jul 22 2024
    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 Podcast00:00 - Intro02:05 - Global Tech Outage Wreaks Havoc06:20 - Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups08:38 - Why Wind Power Is Useless12:42 - Slovak PM blasts Ukraine’s Lukoil sanctions as oil flow stops13:53 - Attacks On Modern Farming Will Devastate Nature And Nutrition17:05 - Markets Update19:56 - Rig Count Update20:09 - Ecopetrol Eyes $3.6B CrownRock Stake24:05 - OutroPlease see the links below or articles that we discuss in the podcast.Global Tech Outage Wreaks HavocJuly 20, 2024 Mariel AlumitThe disruption underscores just how reliant much of the world is on key software providers. Digital Disruption International air travel, financial services, medical systems, and television broadcasts briefly ground to a halt on Friday after […]Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickupsJuly 21, 2024 Stu TurleyNew plan comes after Ford postponed EV plant launch to 2027; those EVs will now be made elsewhere, while Oakville may get an electric pickup later in the decade Ford Motor Co. announced today it […]Why Wind Power Is UselessJuly 19, 2024 Mariel AlumitRenewable electricity, mostly wind power, is useless in every dimension. It is extremely expensive but is made to look cheap by hiding an 80% subsidy. It is an exorbitantly expensive method for reducing CO2 emissions. […]Slovak PM blasts Ukraine’s Lukoil sanctions as oil flow stopsJuly 21, 2024 Stu Turley Slovakia will not be a “hostage” to Ukraine-Russia relations, its Prime Minister Robert Fico told his Ukrainian counterpart in a call on Saturday (20 July), after Kyiv placed Russian group Lukoil on a sanctions […]Attacks On Modern Farming Will Devastate Nature And NutritionJuly 20, 2024 Mariel AlumitModern agriculture and its supposedly dangerous greenhouse gas emissions are being vilified by ill-informed elites, activists, and politicians. The World Economic Forum says the world faces a new crisis: “One-third of anthropogenic greenhouse gas emissions […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading Desk– Get in Contact With The Show –
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    25 m