Energy News Beat Podcast

Hosted by Stuart Turley

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300

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Oct 2026

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Covering the energy markets around the world, one story at a time. Our daily podcast keeps you up to speed on all the latest energy news while our weekly interviews with energy industry experts keep you in the know for all things energy development. Follow us at energynewsbeat.com

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October 16, 202654 min

The GeoTES Revolution Solving California's Energy Crisis with Oil and Innovation

In this episode of the Energy Newsbeat podcast, host Stu Turley sits down with David Blackmon (Forbes contributor and Energy Impacts podcast host) and Mike Umbro (energy innovator and founder of California for Energy and Science) to explore a groundbreaking solution to California's energy crisis. The conversation centers on Geologic Thermal Energy Storage (GeoTES)—a revolutionary technology that harnesses solar energy to heat oil reservoirs, enabling zero-emission, dispatchable power generation while simultaneously producing oil from existing fields. Against the backdrop of California's soaring electricity prices, refinery closures, and grid instability, the hosts examine how this innovative approach could reshape the state's energy landscape. They also delve into the regulatory obstacles, climate policy contradictions, and the broader implications of energy independence, revealing how domestic energy production—far from being incompatible with environmental goals—may be essential to achieving them. Connect with Mike Umbro on his LinkedIn here: https://www.linkedin.com/in/mikeumbro/ Check out Californians for Energy & Science: https://www.energyandscience.com/ Connect with David Blackmon on his LinkedIn: https://www.linkedin.com/in/david-blackmon-2325189/ 1. Geologic Thermal Energy Storage (GeoTES) Technology The core focus of the discussion is Mike Umbro's innovative GeoTES project—a novel energy technology that uses solar arrays to heat water, which is then injected into oil reservoirs to create synthetic geothermal systems. This allows for zero-emission, dispatchable power generation while simultaneously producing oil from existing fields. 2. California's Energy Crisis The hosts extensively discuss California's severe energy challenges: Electricity prices are among the highest in the nation (second only to Hawaii) The state imports 25-30% of its electricity and crude oil Recent grid instability caused spot prices to spike to $200-250 per megawatt hour Gasoline prices are inflated by state taxes and climate programs (adding ~$1.40 per gallon) 3. Refinery Closures and Their Impact A critical issue highlighted is California's loss of refinery capacity: The state had 40+ refineries in the 1980s; now only 7 remain with 5 slated to close Each refinery closure adds approximately $2 per gallon to gas prices This forces reliance on floating storage (tanker ships) and imports, increasing emissions 4. Regulatory and Permitting Challenges Mike discusses the 7-year permitting process in California: GeoTES wells are classified as oil and gas operations, not geothermal Obtaining aquifer exemptions and underground injection approvals has been extremely slow Contrast with Texas, where similar permits take weeks or months 5. Climate Policy Critique The hosts critique California's climate programs: Cap-and-Invest and Low Carbon Fuel Standard programs generate billions but fund questionable projects (like the over-budget high-speed rail) These policies create "environmental leakage"—exporting emissions to other states while importing more expensive, dirtier power The programs don't achieve their environmental goals while burdening consumers 6. Jones Act Waivers and Energy Independence Discussion of recent Jones Act waivers allowing foreign tankers to supply California: These waivers have prevented $10 gasoline prices More product has been shipped in recent months than the previous 20 years combined Highlights the importance of domestic energy production 7. Investment and Tax Incentives Mike explains the financial structure: The project is self-funded with $4-5 million raised privately $6 million DOE grant through the Critical Minerals and Energy Innovation Office Tax incentives available through the Inflation Reduction Act, geothermal tax credits, and solar credits Potential for private investors through intangible drilling costs (IDCs) 8. Future Potential and Scalability The broader implications of GeoTES: Could be applied across the U.S. wherever oil and gas drilling has occurred Massive potential in Texas, Louisiana, and the Gulf Coast Full field development could yield a 400-megawatt power plant Could generate $2 billion in infrastructure investment 9. Environmental Benefits and Contradictions A key theme is the environmental paradox: California's policies shut down domestic oil production, forcing imports from less regulated regions The GeoTES project produces carbon-negative power while utilizing existing oil fields California's oil is already among the cleanest in the world by carbon intensity We would also like to give our sponsors a shout-out. Check out the World’s Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: Energy News Beat At The Intersection of Energy and Finance - By Sandstone Group By Stu Turley A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 14, 202630 min

The Microreactor Revolution How Hadron Energy is Solving America's Power Crisis

In this episode of the Energy News Beat Podcast, host Stu Turley sits down with Samuel Gibson, CEO and founder of Hadron Energy, to discuss a breakthrough solution to America's urgent energy crisis. As data centers demand unprecedented power and the electrical grid strains under intermittent renewables, Hadron is developing a game-changing 10-megawatt microreactor designed for rapid, flexible deployment across remote communities, military bases, and data centers. From securing a complete U.S.-based fuel supply chain to going public on NASDAQ in record time, Gibson shares how Hadron is positioning itself to bring the first commercially operating microreactor to market by 2031-2032—and why nuclear energy is essential to ending energy poverty while strengthening America's energy independence. Connect with Samuel on his LinkedIn: https://www.linkedin.com/in/sam-gibson/ Here is Hadron's website: https://www.hadronenergy.com/ 1. Hadron Energy's Microreactor Technology Samuel Gibson introduces Hadron Energy's 10-megawatt electric microreactor design, which uses light water technology with low-enriched uranium. The reactor is designed to be transportable on semi-trucks and deployable in modular configurations (one-pack, six-pack, and 12-pack setups). The company was founded in July 2024 and went public on NASDAQ in May 2025—a remarkably fast trajectory from inception to public listing. 2. Market Demand & Target Applications Hadron has identified three primary markets: remote communities, military bases, and data centers. The company has already secured over 5 gigawatts of signed MOUs and LOIs, with the vast majority from data centers. The discussion emphasizes the urgent need for reliable power as data center demand skyrockets due to AI and computing infrastructure expansion. 3. Supply Chain & Manufacturing A key differentiator for Hadron is that they've already secured the complete U.S.-based fuel supply chain (uranium ore, conversion, enrichment, and fuel fabrication). The company is partnering with an established manufacturer for the first ~10 reactors, with plans to build their own manufacturing facility as production scales up. 4. Timeline & Regulatory Path Hadron has submitted pre-application materials to the Nuclear Regulatory Commission and projects their first commercial reactor to come online in 2031-2032. The company is proactively engaging with suppliers to manage lead times, with the longest lead item being approximately two years. 5. Business Model: Build-Own-Operate Rather than just selling reactors, Hadron operates on a build-own-operate model with power purchase agreements that include construction, maintenance, refueling, and operations. This creates recurring revenue streams and positions Hadron as a utility-like operator. 6. Grid Resilience & Energy Infrastructure Challenges The conversation highlights critical issues with the current U.S. electrical grid: Grid fragility due to intermittent renewable energy (solar/wind) Transmission and distribution bottlenecks (5-year lead times for new T&D infrastructure) Data center power demands straining regional grids (PJM needs 67 GW; Texas ERCOT nearly failed during peak demand) Consumers paying premium rates due to grid constraints 7. Decentralized Energy & Behind-the-Meter Solutions A major advantage of microreactors is deploying power where it's needed (behind-the-meter), eliminating expensive transmission infrastructure and grid dependency. This is particularly valuable for data centers, remote communities, and military bases. 8. Energy Poverty & Global Impact The discussion connects nuclear energy to ending energy poverty worldwide. Access to reliable, affordable power has a direct relationship with GDP and economic prosperity. Nuclear's high capacity factor (94%) versus renewables (21-30%) makes it superior for reliable baseload power. 9. Military & Defense Applications Project Janice aims to deploy microreactors at 19 U.S. military bases. Hadron is actively exploring partnerships with the Department of Defense to replace diesel generation with clean, reliable nuclear power. 10. Repurposing Existing Infrastructure The conversation explores opportunities to deploy microreactors at decommissioned coal plants (which already have transmission infrastructure) or alongside existing nuclear facilities to provide auxiliary power. This is a huge discussion, and they are rolling. I look forward to being a resource and news outlet for them as they bring their product to market. We need their nuclear power yesterday, and I look forward to more discussions as they make a huge impact on the U.S. energy market. - Stu We would also like to give our sponsors a shout-out. Check out the World’s Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: Energy News Beat At The Intersection of Energy and Finance - By Sandstone Group By Stu Turley A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 13, 202632 min

Who Pays For Data Center Power, and 9 other huge stories on the Energy News Beat Stand Up

Data centers are powering the AI revolution—but who's paying the bill? In this episode of Energy News Beat, host Stu Turley digs into a $29.4 billion question that's about to hit your electricity bill. Federal regulators just rejected most of PJM's plan to make data centers bring their own power, and the consequences are staggering. Your electric bill could jump by $26.87 in June 2025, and that's just the beginning. With capacity costs skyrocketing 46% over four auctions, Americans are waking up to a hard truth: energy dominance doesn't mean anything if grandma in Ohio can't keep the lights on at a fair price. In this episode, we break down the data center crisis, explore why the U.S. is losing refinery capacity at an alarming rate, examine the geopolitical stakes of the Russia-Ukraine diesel deal, and ask the tough questions about America's energy future. Buckle up—this is the energy story nobody's talking about, and it's already on your power bill. 1. Data Center Power Costs & Grid Impact (Primary Focus) The host extensively covers the controversial $29.4 billion question of who pays for data center capacity on the PJM grid. Key points include: FERC rejected most of PJM's plan to require data centers to bring their own power Data center loads added 29.4 billion to capacity costs across four auctions (46% of total costs) Electricity bills are rising significantly (e.g., $26.87 increase in New Jersey in June 2025) Public opinion: 84% concerned about data center impact on energy prices; 73% support requiring data centers to bring their own power The host advocates for "BYOP" (Bring Your Own Power) as the solution 2. China's Oil Market Activity & Inventory Discussion of Chinese refiners slowing inventory drawdowns and increasing oil purchases: China buying more seaborne crude (approaching 12 million barrels per day) Sourcing from Malaysia and Singapore due to cheaper tanker rates Implications for global oil markets 3. Hurricane Impact on Gulf Oil & Gas Operations Response to recent hurricane disruptions: 1.46 million barrels per day shut in (71% of Gulf output) 1.26 million cubic feet per day of natural gas shut in (59%) Personnel evacuated from 129 of 371 platforms Refineries faced less disruption than expected 4. Russia-Ukraine Diesel Deal & Sanctions Trump administration's energy ceasefire and Russian diesel imports: Controversy over whether the deal breaks 2020 law Diesel prices up 71% since announcement Discussion of sanctions hypocrisy (EU buying from Russia during war) Host advocates for ending the war and changing Ukrainian leadership 5. California's High-Speed Rail Crisis Budget and timeline failures of the bullet train project: Funding gap and hidden timelines Bakersfield segment reduced from 171 to 162 miles, budgeted at $35.7 billion Comparison to Morocco's successful bullet train project Criticism of regulatory overreach 6. Saudi Arabia & Houthi Attacks Energy security in the Middle East: Trump joining Saudi campaign against Houthis Saudi pipeline attacks and rapid rebuilds Saudi Arabia's role in maintaining oil market stability 7. U.S. Refining Capacity Crisis Long-term energy infrastructure challenges: U.S. lost 54% of red state refineries (from 300 to 130 total) Blue states lost 64% of refineries due to net zero policies Texas and Louisiana hold 50% of total refining capacity Call for using Defense Production Act to expand refineries 8. Strategic Energy Independence Broader themes throughout: Importance of electrical generation for energy dominance Need for nuclear energy expansion Backup power and preparedness for consumers Criticism of net zero policies as wealth transfer 1. FERC Rejects Most of PJM’s Data Center Plan, and the $29.4 Billion Question of Who Pays Is Still Open 2. Trump’s Diesel Deal With Putin Runs Into The Ban Congress Passed On Russian Energy 3. Chinese Refiners to Slow Inventory Drawdowns as Imports Pick Up: What It Means for the Oil Market 4. U.S. Gulf of America Oil and Gas Activities in Response to Hurricane Isaias 5. Trump’s Energy Truce Hinges on Russian Refineries, and Seven Senators Say the Diesel Deal Defies a 2022 Law 6. California’s Bullet Train Faces a Cash Cliff by December 2027 — While Morocco’s French-Built Line Runs On Time and Under Budget 7. Trump Weighs Joining Saudi Campaign Against Houthis After Deadly Riyadh Airport Attack; Kingdom Targets 10 Million BPD Pipeline Capacity 8. Energy Department Authorizes Limited SPR Exchange Amid Hurricane Disruptions as Reserve Hits 1980s Lows 9. Is Geologic Thermal Energy Storage (GeoTES) the Holy Grail of Energy for Data Centers? 10. Should the Trump Administration Use the Defense Production Act to Expand Refineries and Pipelines? We would also like to give our sponsors a shout-out. Check out the World’s Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: Energy News Beat At The Intersection of Energy and Finance - By Sandstone Group By Stu Turley A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 9, 202636 min

Hormuz Shuffle, Canada Loosing Jobs, Are we seeing the End of NATO?

In this high-energy episode of the Energy News Beat Podcast, host Stu Turley breaks down nine interconnected stories that reveal a troubling pattern in global energy markets and geopolitical stability. From the Houthi attacks disrupting crude flows through the Strait of Hormuz to record-breaking heating oil prices threatening Northeast households, the energy landscape is under unprecedented pressure. Add to this a controversial Canadian trade deal with the EU, Chinese security threats embedded in America's power grid, and soaring tanker rates reshaping oil shipping routes, and you get a complex web of challenges that Stu argues are not random—they're symptoms of a larger strategic realignment. Whether it's policy decisions cutting refinery capacity, NATO tensions, or potential cyberattacks on critical infrastructure, this episode connects the dots on why energy security has never been more critical for American consumers and national defense. 1. The Hormuz Strait & Saudi Oil Crisis The episode opens with the central story: crude oil flowing through the Strait of Hormuz has dropped 27% in a week due to Houthi tanker attacks. With OPEC spare capacity at just 0.02 million barrels per day and the U.S. Strategic Oil Reserve at 283 million barrels, there's minimal cushion for disruptions. Saudi Arabia's East-West pipeline and alternative routes are helping mitigate the crisis, but the situation remains precarious. 2. Hurricane Isaias & Gulf Oil Production The storm has already shut in 62.9% of Gulf oil output—exceeding impacts from Hurricanes Michael, Sally, and Harvey. While the track looks favorable for major refineries in Louisiana, the East Coast faces severe diesel shortages, with stocks at their lowest levels since 1982. 3. Heating Oil Crisis in the Northeast Heating oil prices have opened the season at a record $6.04 per gallon, up 70% from last fall. The government expects 21% of oil-heated homes to struggle this winter, though some estimate it could be closer to 50%. Homeowners could face bills exceeding $2,100 this winter. 4. Mark Carney's EU-Canada Trade Deal Stu expresses strong concern about Canadian Premier Mark Carney's planned EU trade alliance launching October 29-30 in Montreal. He argues this could eliminate approximately 102,000 Canadian jobs, with 98,000 potentially moving to the U.S., and views it as crossing President Trump's red lines regarding NATO and trade. 5. Nord Stream Pipeline Negotiations Citing Russian-focused analyst Andrew Corey Bokel, Stu discusses reports that U.S. Special Envoy Jared Kushner is quietly negotiating with Russian counterparts about U.S. investment in Nord Stream pipelines—potentially as a carrot to bring Russia to the negotiating table. 6. Devon Energy & Coterra Merger Challenges The $4.2 billion merger announced in February 2026 is facing investor scrutiny over debt levels and execution pace. The company plans an Eagleford exit by October 8th to concentrate capital in the Delaware Basin while oil prices remain elevated. 7. Chinese Grid Security Threat This is a major concern: Chinese companies have delivered over 70 gigawatts of inverters to U.S. solar plants. Reuters found undocumented cellular radios in some units. While there's no proof of a "kill switch," the potential for cyberattacks is real and well-documented. The grid's reduced tolerance for equipment failures makes this increasingly dangerous. 8. Tanker Rates & Oil Shipping Routes Super tanker rates are at record highs, with 15-year-old tankers now selling for more than new ones. The Houthi attacks in the Red Sea have forced longer shipping routes from Saudi Arabia to Asia, adding $30 million in tanker fees per delivery and reshaping global crude trade patterns. 9. India's Venezuela Crude Imports & Global Refining India is hitting a 7-year high in Venezuelan crude imports as refineries like Reliance load up. India has become the world's second-largest refined product exporter, with the U.S. and Netherlands also major players. Russia and the UAE have blocked exports, reducing global refining capacity. Underlying Theme: Stu connects these stories as part of a larger geopolitical pattern—energy security is being compromised by policy decisions (green energy policies cutting refinery capacity), geopolitical tensions (Houthi attacks, NATO concerns), and potential vulnerabilities (Chinese grid infiltration). He emphasizes the need for energy independence, grid hardening, and preparation for potential disruptions. Main Stories covered today. 1. Hormuz Traffic Sinks and Saudi Oil Comes Under Fire: How Many Escape Routes Are Left? 2. Hurricane Isaias Update: Track Stays East of the Big Louisiana Refineries, but Diesel and Florida Fuel Remain at Risk 3. The Latest Nord Stream News Might Lead To Something Much More 4. How Many Canadian Jobs Will Be Lost When Carney Signs the EU Trade Deal? 5. Devon’s Coterra Bet Faces the Portfolio Test 6. Is the U.S. Grid Open for Cyber Attacks? Chinese Inverters, Hidden Radios and a Years-Long Wait for Transformers 7. Nearly $1,700 to Fill the Tank: The Heating Oil Shock Hits Northeast Kitchen Tables 8. Tanker Rates Are Redefining Oil Distribution Routes 9. India Hits Seven-Year High in Venezuelan Crude as Reliance Loads Up Jamnagar We would also like to give our sponsors a shout-out. Check out the World’s Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: Energy News Beat At The Intersection of Energy and Finance - By Sandstone Group By Stu Turley A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 8, 202659 min

The Diesel Reckoning: Why Refineries Trump Politics

Doomberg, Charlie Garcia, and Stu Turley have way too much fun covering the world of finance and energy. Global energy markets are undergoing a dramatic rebalancing, and most people have no idea what's happening. While politicians argue about which energy sources to cancel, real-world supply constraints are forcing a reckoning. Ukraine sanctions have wiped out Russian refinery capacity, diesel prices are spiking worldwide, and the U.S. is caught in a policy whiplash China would never tolerate. Meanwhile, Canada's new Prime Minister Mark Carney is quietly executing a 180-degree pivot toward hydrocarbon dominance—and it's working. In this episode, we sit down with two of Substack's most influential energy analysts, Charlie Garcia of Capital Mischief and Doomberg , to break down the diesel crisis, expose why refinery capacity matters more than new drilling, explain why blue states are paying 42% more for energy than red states, and reveal how AI's insatiable appetite for power is about to reshape the entire energy landscape. If you care about energy security, geopolitics, or your wallet, you'll want to listen to this conversation. I truly had an absolute blast learning from Doomberg and Charlie about their success and how they are growing their Substack audience. We all have different strengths, and I am truly honored to be in the same set with them. This was our first successful live feed to Substack, and I hope to work out the bugs and get better at it. Doomberg’s and Charlie’s past episodes were very well received by our subscribers. Let us know your thoughts. 1. Canadian Energy Policy & Mark Carney’s Leadership The hosts discuss how Mark Carney, Canada’s new Prime Minister, is dramatically shifting energy policy away from Justin Trudeau’s climate-focused approach. Carney is pursuing LNG expansions, gas pipeline projects, and new oil pipelines—governing like a “Texas conservative” to position Canada as part of North American energy dominance. 2. Global Diesel Crisis & Refinery Capacity A critical focus is the global diesel shortage, particularly after Ukraine sanctions cut Russian refinery capacity. The discussion explains that diesel represents only 7 million barrels of competitive global supply, and Russia previously supplied 800,000 barrels daily. U.S. refineries are operating at 93% capacity, and the solution is to flexibilize existing refineries rather than build new ones. We covered the refinery and diesel issue, along with the pre-game or pre-podcast notes. The people who buy and sell the physical stuff say the same. Chevron CEO Mike Wirth said on Oct. 6 that “the landed price of physical oil in Asia is currently closer to $150 per barrel than $100, where Brent oil futures are trading” ( Reuters via ETEnergyworld ). Aramco CEO Amin Nasser said some physical barrels are changing hands at $20 to $50 over Brent ( Business Upturn ). Wood Mackenzie says Norway’s Johan Sverdrup moved from a typical 3% discount to a record $24 premium to Brent, with medium-sour crude in Europe priced above $140 ( Wood Mackenzie ). And the same West African oil that looks cheap at the dock looks dear on arrival: Indian Oil bought Angolan Nemba for November delivery at Dated Brent plus $18, and Murban at plus $13 to $14 ( Reuters via Egypt Oil & Gas ). Chinese independents paid $12 to about $20 over ICE Brent delivered for Iraqi and Qatari crude ( Reuters via Economic Times ). This also reconciles ENB’s earlier Hormuz coverage, which found physical Brent running well above futures at times ( ENB, Oct. 6 ). Both things are true at once. Atlantic Basin crude that can reach a refinery quickly commands a big premium. Gulf and West African crude that needs an expensive, risky voyage has to be marked down at the dock to compete. Brent futures sit in the middle, and the tanker owners and insurers collect the spread. 3. U.S. Refinery Challenges & State-Level Energy Policy The hosts highlight how blue states have closed most refineries over the past 50 years, while red states have expanded theirs. This has created a 42% energy cost differential between blue and red states. California faces particular challenges due to the Jones Act and global market dependence. In getting ready for the podcast, I posted out my pre-podcast show notes generated by AI, and it had some key points we covered in the podcast. One that I did not get to cover was that the price of physical delivery of oil has been priced over paper for a year, and that bill is about to get evened out. 4. China’s Strategic Energy Independence Charlie Garcia emphasizes China’s comprehensive energy strategy—building solar, wind, coal, hydro, nuclear, and synthetic fuel plants simultaneously while stockpiling resources. This contrasts sharply with U.S. political gridlock over which energy sources to support. 5. AI Boom & Energy Demand The hosts discuss how AI data centers will drive massive electricity demand, making nuclear power a strategic imperative. Companies like EQT and Constellation Energy are positioning themselves as utilities to serve hyperscalers. 6. Political & Economic Cycles A key theme is how the U.S. political cycle (2-4 years) is shorter than heavy industry’s capital planning cycle (30+ years), creating policy whiplash that discourages long-term investment—unlike China’s strategic continuity. 7. Investment Opportunities & Risk The discussion covers private oil & gas investments, cryptocurrency/Bitcoin as long-term wealth preservation, and the importance of evaluating deals carefully before committing capital. 8. Demand Description: real abroad, mild at home ENB has argued that oil is not running to $200 because high prices are killing demand. The evidence is strongest outside the United States. The IEA’s September report forecast world oil demand to fall 2.5 million barrels a day in 2026, 940,000 b/d steeper than a month earlier, with losses concentrated in diesel-type fuels and petrochemical feedstocks in Asia ( IEA ). EIA’s October outlook trimmed 2026 world consumption to about 102.4 million b/d, from 102.6 in September, and 2027 to 104.6 from 105.0 ( EIA STEO ; ENB comparison of vintages). FGE NexantECA and Energy Aspects cut China’s fourth-quarter crude import forecasts by about 400,000 b/d, to 9.2 to 9.3 million b/d, well below last year’s 11.6 million ( OilPrice ). Refinery runs in Shandong fell to about 55% by late September as margins turned negative ( Reuters via Economic Times ). Breakwave’s tanker desk wrote that “demand destruction has become the primary mechanism required to rebalance the market” ( Breakwave ). At home the picture is softer. EIA’s implied U.S. gasoline demand averaged 8.78 million b/d over the four weeks to Oct. 2, just 0.3% below the same weeks of 2025. Distillate was down 1.6% and 3.0% below the 2021–25 average. Jet fuel was up 6.0% ( EIA ; ENB calculation). EIA’s outlook has U.S. gasoline use averaging 8.75 million b/d this year, about 2% below 2025. That is a bend, not a break. Chart 5. U.S. product supplied (4-week average) for gasoline, distillate and jet fuel: 2026 vs. 2025 and ...

October 7, 20261 hr 2 min

Pump Prices, The Iran War and the 2026 Midterms

Larry Schweikart stops by the Energy News Beat Podcast and the Energy Impacts Podcast. In this wide-ranging political and energy analysis podcast, hosts David Blackmon and Stu Turley sit down with renowned political analyst and historian Larry Schweikart to discuss the critical issues shaping the 2026 midterm elections and beyond. With just 27 days until election day, Schweikart—who famously predicted Donald Trump's exact 312 electoral votes in 2024—breaks down Senate and House race projections, exposes the flaws in mainstream polling, and reveals four major factors that pollsters are missing. The conversation extends beyond politics to tackle the intersection of energy policy and elections, examining how Democratic governance has driven electricity and fuel costs 38-42% higher in blue states. The trio also explores emerging challenges including AI regulation, California's governance collapse, and speculation about the 2028 presidential race. Throughout the discussion, they emphasize a central theme: that voter registration data, not polls, tells the real story of where American politics is headed. 1. 2026 Midterm Election Predictions & Analysis Larry Schweikart provides detailed electoral forecasts, predicting Republicans will hold the Senate with 52-54 seats (potentially up to 56-57) and gain control of the House with around 220 seats. He discusses key races in states like Georgia, Michigan, Minnesota, and Texas, emphasizing that Republicans are in a stronger position than polls suggest. I found the fact that there are so many illegal voters already removed from the country to be a huge potential win. But only if we show up and swarm the polling booths. I will be upfront and say we have to overload the polls and vote to keep the House and Senate so that we can vote all RINOs out. 2. Polling Accuracy & Bias The hosts extensively critique modern polling, arguing that mainstream polls are significantly biased against Republicans and undercount GOP voters by 7-10 points. They discuss four major factors skewing polls: deportations of Democratic voters, voter roll purges, voter registration changes, and the elimination of USAID’s influence on elections. 3. Energy Policy & Gasoline Prices Stu Turley highlights the impact of Democratic energy policies on electricity and fuel costs, noting that energy prices are 38-42% higher in blue states versus red states. The discussion covers California’s refinery closures, pipeline issues, and the need for energy independence. 4. AI Development & Regulation The hosts discuss AI’s rapid advancement and the need for Republican policy frameworks (similar to Newt Gingrich’s 1994 Contract with America) to regulate AI responsibly, particularly regarding data centers and their power consumption. 5. California’s Governance Crisis They critique California’s government dysfunction, including slow permit processing, the failed high-speed rail project, and the state’s shift toward communist-style policies (such as car seat requirements for 16-year-olds and quartz countertop bans). 6. 2028 Presidential Election Speculation Discussion of potential 2028 Democratic and Republican nominees, including JD Vance vs. Marco Rubio for Republicans, and speculation about Democratic candidates like Gavin Newsom, Kamala Harris, and AOC. 7. Voter Registration & Election Integrity Analysis of voter registration trends, mail-in voting patterns, and the importance of voter roll purges in determining election outcomes, particularly in states like Florida and Georgia. Here are Larry’s Books and links. Here is his special: Vote Like Your Energy Bill Depends on It. We have seen what is happening in Virginia, Massachusetts, and other states, and only 10 states have voter ID laws. As Isaac Orr said yesterday, there is a real cost difference between the Blue States and the Red States. At least today, I got the states right in the discussion. Check out the World's Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: https://theenergynewsbeat.substack.com/ A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 6, 202659 min

The Real Cost of Going Green: How Renewable Mandates Are Bankrupting Blue States

In this episode of the Energy Newsbeat podcast, host Stu Turley sits down with Isaac Orr, Vice President of Research at Always On Energy Research, to discuss a groundbreaking report on how alternative energy mandates are driving up electricity bills across America. The conversation reveals a stark divide between blue and red states in energy affordability and policy effectiveness, exploring how renewable energy requirements in regions with poor solar and wind resources create economic inefficiencies that ultimately burden consumers. From the hidden costs of transmission infrastructure to the challenges of grid reliability in an era of rapid data center expansion, this episode unpacks the complex relationship between energy policy, regulatory reform, and the future of America's power grid—with critical implications for voters heading into the midterm elections. Connect with Isaac Orr on his LinkedIn: https://www.linkedin.com/in/isaac-orr-b0732665/ Energy Bad Boys: https://energybadboys.substack.com/ Always On Energy https://www.aoenergy.org/ 1. In-State Solar Mandates & Their Economic Impact The podcast centers on a new report about how alternative energy mandates, particularly in-state solar requirements, drive up electricity bills by mandating uneconomical resources. States like Massachusetts, New Jersey, Maryland, and Washington DC are highlighted as examples where solar mandates are imposed in regions with poor solar resources, making them economically inefficient. The New Jersey in-state solar mandate alone costs an additional $650 million annually for just 4% of the state's electricity. 2. Blue States vs. Red States Energy Costs Isaac Orr discusses the "Blue States High Rates" report, which found that when plotting electricity prices against the national average, the most expensive states align with politically liberal states. The discussion explores how liberal states' hostile business climates, renewable energy mandates, and pipeline restrictions contribute to higher electricity costs compared to red states. 3. Renewable Energy Mandates & Grid Reliability The hosts examine how renewable portfolio standards and mandates for wind and solar create problems for grid stability. They discuss how these policies don't account for intermittency issues and the true system-wide costs, including necessary battery storage and transmission infrastructure. 4. Levelized Cost of Energy (LCOE) Misrepresentation A critical discussion about how LCOE metrics used by organizations like Lazard underestimate the true cost of wind and solar by not including battery storage and grid integration costs. The podcast emphasizes the need for "Always On" LCOE metrics that capture the full system-wide cost. 5. Transmission Infrastructure Costs The hosts discuss expensive transmission line projects, including New York's $3-6 billion Canadian hydroelectric line and Texas's proposed $33 billion Permian transmission line. They argue these costs are socialized while profits are privatized, and that data centers should be co-located with power plants rather than requiring massive new transmission infrastructure. 6. Wind Turbine Decommissioning & Recycling Issues The podcast addresses the environmental and financial challenges of aging wind turbines (79,000 in the US, with 15,000 aging out at 20 years). Topics include lack of recycling infrastructure, abandoned wind farms in California, and the practice of leaving concrete foundations buried rather than fully reclaiming land. 7. Data Centers & Grid Strain Discussion of how rapidly growing data center demand is straining the electrical grid, particularly in ERCOT (Texas). The hosts highlight a near-blackout event when solar generation dropped at sunset and storage and wind didn't compensate in time. They advocate for co-locating data centers with power generation sources. 8. Natural Gas Expansion & Pipeline Permitting The podcast covers the proposed addition of nearly 400 gigawatts of natural gas capacity in the US, with most development occurring in red states. The discussion emphasizes permitting challenges and how companies are strategically locating facilities in natural gas-producing states to avoid interstate pipeline complications. 9. Coal Industry Future Analysis of why new coal plants aren't being built despite increased capacity needs. The hosts discuss regulatory barriers (EPA carbon capture requirements) and suggest that co-locating data centers with coal plants on reclaimed mining sites could revitalize the coal industry. 10. Regulatory Reform & Permitting Crisis A broader theme throughout is the need for regulatory reform across both red and blue states. The comparison between Colorado (5 permits) and Texas (3,000 drilling permits) illustrates how permitting efficiency affects economic development and energy production. 11. Home Energy Resilience The hosts discuss the importance of hardening homes against potential blackouts through solar panels, battery storage (Jackery), and backup generators, particularly given California's intentional blackout policies during fire season. The overarching message is that well-intentioned renewable energy policies in blue states are creating unintended economic consequences, while regulatory barriers prevent efficient energy infrastructure development nationwide. Check out the World's Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: https://theenergynewsbeat.substack.com/ A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

October 3, 202641 min

The Two Grids: Why Policy is Breaking Physics - Meredith Angwin Stops by the Energy News Beat Podcast

Welcome back to the Energy Newsbeat podcast. Today, we’re diving deep into one of the most critical—and misunderstood—issues facing America’s energy future. Most people think the grid is just the wires and power plants they see. But what if I told you two grids are operating at the same time, and they’re increasingly working against each other? One is governed by the laws of physics. The other is governed by policy papers. And right now, policy is winning—with dangerous consequences. Our guest today is Meredith Angwin, author of “Shorting the Grid” and what we call the national treasure of energy. She’s here to explain why your electricity bills are skyrocketing, why rolling blackouts are coming, and why the $10.3 trillion we’ve spent on wind and solar hasn’t made our grid more reliable—it’s made it more fragile. If you care about keeping the lights on, affording your power bill, or understanding the real state of America’s energy infrastructure, you need to hear this conversation. We absolutely think the world of Meredith Angwin and her work. Check out her Substack here: https://meredithangwin.substack.com/ Check out her book here: Shorting The Grid 1. The Two Grids Concept Meredith explains her theory that there are two distinct grids operating simultaneously: The Physical Grid: The actual infrastructure you can see (transmission lines, substations) governed by immutable physics and laws The Policy Grid: A set of regulations and policies (net metering, renewable portfolio standards, net-zero mandates, renewable energy certificates) that determine how the physical grid is paid for The key insight is that policy decisions often ignore physical realities, creating conflicts between what regulations demand and what physics allows. 2. The Fatal Trifecta of Grid Errors Meredith identifies three critical mistakes grids can make, with a focus on: Installing too many renewables without adequate backup systems Failing to account for inertia and support from rotating machinery Not understanding the grid’s need for reliable baseload power 3. Renewable Energy Limitations and Common-Mode Failure Solar’s Common-Mode Failure: All solar installations shut down simultaneously at sunset, creating a predictable vulnerability unlike traditional power plants Wind Variability: Wind doesn’t always blow when needed Storage Requirements: Wind and solar must be paired with expensive storage systems to be grid-viable, yet these costs aren’t factored into affordability claims 4. Grid Resilience and Baseload Power Traditional grids are designed with 110-120% capacity to handle plant outages Nuclear, coal, natural gas, and hydro provide reliable baseload power The grid cannot function reliably with high percentages of intermittent renewables without massive backup infrastructure 5. International Energy Policy Failures Germany: Shut down nuclear reactors, closed coal plants, and is flooding its last surface coal mine—creating energy dependence France: Neglected nuclear maintenance, reducing operational capacity from 35 reactors to 25% Norway & Canada: Prioritizing domestic energy needs over exports; Quebec and Norway are reconsidering power exports to neighboring regions New York: Spent $6 billion on a hydroelectric interconnect with Canada that provides only 30 minutes of power daily 6. The Cost of Renewable Subsidies $10.3 trillion spent globally on wind and solar could have built 170 new nuclear reactors in the US alone Wind and solar are not truly “renewable”—less than 1% of solar panels are recycled, and wind turbines create a $93 billion land reclamation liability Approximately 70,000 aging wind turbines in the US are approaching end-of-life with no funded decommissioning plan 7. Grid Vulnerability and Emergency Preparedness Utilities and CEOs are warning of imminent rolling blackouts Vulnerable populations (elderly in assisted living, those dependent on oxygen generators) lack backup power plans Apartment buildings cannot easily accommodate backup power solutions like Tesla batteries or generators Affordable backup solutions (like Jackery portable power units) are being explored for apartment complexes 8. The Path Forward Nuclear energy is the most viable long-term solution Multiple nuclear CEOs indicate significant reactor deployments within 10 years Africa and developing nations want reliable baseload power, not just renewables Energy independence and reliability must be prioritized over ideological commitments to 100% renewables 9. Political and Regional Disparities Blue states have 38% higher energy costs than Republican states Policy-driven energy decisions are creating economic disadvantages The assumption that “all good people want 100% renewable grids” is becoming outdated as people recognize the need for reliability and affordability Thanks again to Merideth for all of her great work and for advocating for consumers. We all need to harden our homes, supplies, and be ready for disasters, and her book is a must-read for any policymakers or investors wondering how things work. Meredith's leadership has helped me personally and helped get Energy News Beat where it is today. Check out the World's Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: https://theenergynewsbeat.substack.com/ A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

September 30, 202640 min

Africa's Energy Moment: From Poverty to Abundance

In this episode of the Energy Newsbeat Podcast, host Stu Turley sits down with two influential voices in global energy: Cyrus Brooks of RBAC and NJ Ayuk, Executive Chairman of the African Energy Chamber. Against the backdrop of unprecedented global energy market disruptions—from geopolitical tensions in the Strait of Hormuz to Europe's energy crisis and California's refinery collapse—the conversation pivots to an often-overlooked opportunity: Africa's potential to reshape global energy security. NJ Ayuk makes a bold case for why Africa must move beyond simply exporting raw resources and instead build refining capacity, power data centers, and leverage its vast natural gas reserves to lift 600 million people out of energy poverty. The discussion challenges conventional climate narratives, exposes the barriers created by regulatory overreach and ideological financing restrictions, and outlines a vision for African energy abundance that benefits not just the continent, but the entire world. This is a conversation about pragmatism, market-driven solutions, and the urgent need for Africa to seize its moment on the global energy stage. Check out the African Energy Chamber here: https://energychamber.org/ Buy his latest book here: https://a.co/d/0cQzxcLD Check out RBAC: https://rbac.com/ Connect with Cyrus on his LinkedIn: https://www.linkedin.com/in/cyrus-brooks-03274713/ 1. Global Energy Market Disruptions & Geopolitical Impacts The hosts discuss major disruptions affecting oil and LNG markets, including the Iran conflict, the Strait of Hormuz tensions, the Bab el-Mandeb strait under siege with tanker rates reaching $800K-$1M daily, the Ukraine war, and Russia operating at 60% utilization. These crises are reshaping global energy supply chains and creating opportunities for new players. 2. Africa's Emerging Role in Global Energy Security NJ Ayuk emphasizes that Africa is positioned to become a critical energy supplier, particularly through projects like the Dangote refinery in Nigeria, which supplies 30-40% of European jet fuel. Africa can help stabilize global energy markets and reduce dependence on traditional Middle Eastern suppliers. 3. Underinvestment in Oil, Gas & Refineries A key problem identified is chronic underinvestment in exploration, refining, and energy infrastructure globally. This underinvestment has created supply constraints and energy crises. Africa has 52% of undiscovered oil and gas reserves awaiting approval. 4. Regulatory Overreach & Permitting Delays Both speakers criticize excessive bureaucracy and environmental regulations that slow project approvals. Examples include California's refinery closures and delays in African projects (Mozambique, Tanzania) that have ballooned costs from $20B to $40B+. They advocate for streamlined permitting and market-driven policies. 5. Energy Poverty & Clean Cooking Crisis NJ highlights the urgent need to address energy poverty affecting 600 million Africans without electricity and 900 million without clean cooking access. LPG is positioned as a critical solution for improving lives and reducing reliance on biomass. 6. Natural Gas as a Bridge Fuel & Peace Tool Natural gas is discussed as essential for powering data centers, AI infrastructure, and industrial development in Africa. It's also framed as a "peace gas" that can provide energy security to regions like Europe while generating revenue for African nations. 7. Data Centers & AI as Economic Leapfrog Opportunity NJ proposes powering African data centers with natural gas to position Africa at the edge of AI innovation, creating jobs and economic growth without relying on traditional development models. 8. Financing Challenges & World Bank Ideology The World Bank's refusal to finance fossil fuel projects is criticized as ideologically driven rather than based on bankability and facts. This creates barriers for African energy development despite clear economic justification. 9. Market-Driven Policies vs. Socialist Approaches NJ advocates for free-market capitalism, individual liberty, and competitive fiscal terms to attract investment. He contrasts this with socialist policies that have hindered African development. 10. Africa Energy Week & Continental Integration The upcoming Africa Energy Week in Cape Town (10,000 attendees) is positioned as a movement to showcase Africa's energy potential across upstream, midstream, downstream, gas, and data centers—marking Africa's transition from energy scarcity to abundance. 11. Lawfare & Climate Activism as Barriers The speakers discuss how climate litigation and activism from Western groups are being used to block African energy infrastructure projects, citing the East African crude oil pipeline and Kenya refinery opposition as examples. 12. Intra-African Trade & Private Capital The African Continental Free Trade Act and local IPOs (like DENCO in Nigeria) are enabling $2.7 trillion in private capital to flow within Africa, reducing dependence on foreign investment and creating competitive pressure for good governance. This podcast presents a compelling case for Africa's energy sovereignty and economic development through pragmatic energy policies. Check out the World's Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: https://theenergynewsbeat.substack.com/ A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/

September 29, 202624 min

From Prosecutor to Congress: How Texas is Securing America's Energy Future

Welcome back to the Energy News Beat podcast. Today we're diving into one of the most critical conversations happening in American politics—energy security, economic policy, and leadership. Our guest is Eric Flores, a former federal prosecutor, Captain in the Texas Army National Guard, and congressional candidate running in South Texas's District 34 with President Trump's endorsement. In this episode, Eric takes us on a tour of the energy revolution happening right in his backyard: America's first heavy crude refinery in 50 years coming online next year, the Port of Corpus Christi's dominance as a global LNG hub, and SpaceX's presence as the "gateway to Mars." But this conversation goes deeper than infrastructure. We explore how energy policy directly impacts inflation, job creation, and American prosperity—and why Eric believes the choice facing South Texas voters is between common sense policies and a fundamentally different vision for the country. If you care about energy independence, border security, or what true servant leadership looks like in Congress, you won't want to miss this one. Check out Eric's Website: https://www.ericflores.com/ 1. Congressional Campaign & Political Background Eric Flores is running for Congress in District 34 (South Texas/Coastal Bend area). He's a former prosecutor and Captain in the Texas Army National Guard with President Trump's endorsement. The conversation emphasizes his qualifications and contrasts him with the incumbent, who has served nearly 10 years without passing substantive legislation affecting South Texas constituents. 2. Energy Security & Dominance This is a central theme throughout the interview. Key points include: Texas's critical role in U.S. energy exports (20% of diesel exports to Europe) The Port of Corpus Christi's ranking as the #2 port globally for liquid natural gas America's First Refinery coming online in 2025—the first heavy crude refinery in 50 years Energy security as a national security priority under the Trump administration 3. Economic Policy & Inflation Eric contrasts Biden-era policies with current administration results: Inflation dropped from ~9% to 4% Over 750,000 non-farm jobs added Unemployment down, wages up Criticism of his opponent voting for what he calls "the second largest tax hike since WWII" 4. Oil & Gas Industry vs. Green Policies The discussion critiques California's energy policies (which drove out tech and oil/gas companies) and contrasts them with Texas's business-friendly approach. Eric opposes what he calls "green scam energy deals" and emphasizes the oil and gas industry's importance to American life and the economy. 5. Venezuelan Oil Trade Discussion of the Trump administration's deal to import Venezuelan crude oil to Texas refineries, which benefits both the U.S. and Venezuela compared to previous Chinese purchases at deep discounts. 6. Border & Humanitarian Issues Eric's prosecutorial background includes work on border security while ensuring humanitarian needs are met in the Brownsville area. 7. SpaceX & Innovation Recognition of SpaceX's presence in the district, with references to the "gateway to Mars" and Elon Musk's commitment to improving Americans' daily lives. 8. Political Ideology & Values A contrast between "common sense" Republican policies and what Eric characterizes as "communist socialist" Democratic policies, including debates over: Second Amendment rights Gender and biological sex definitions Religious freedom Private property interests 9. Legislative Priorities Discussion of the Save America Act, with Eric criticizing Senate leadership (Leader Thune and Senator Cornyn) for not pushing hard enough to pass legislation that polls show 80% of Americans support. 10. Texas Values & Cultural Issues Eric emphasizes South Texas values: "faith, family, freedoms" and hard work, positioning the election as a choice between these values and alternative ideologies. Check out the World's Greatest Podcast Show Notes at EnergyNewsBeat.co or EnergyNewsBeat.com , and the Energy News Beat Substack at: https://theenergynewsbeat.substack.com/ A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/. Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy And we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/ Also entering Sponsor Rey Trevino, Pecos Operating https://pecos.energy/