About this episode
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covers several major topics impacting the energy sector, including warnings of potential summer power outages in the U.S. due to a strained grid, driven by retiring fossil fuel plants and slower renewable growth. He also discusses the looming rise in California gas prices, which could reach $9 due to refinery closures, and the economic impact of Governor Newsom's oil policies. Additionally, Tanner highlights Saudi Aramco's profit drop due to weak oil prices and an M&A deal where Whitehawk Minerals acquires Phoenix Minerals, signaling a bullish stance on natural gas. Highlights of the Podcast 00:00 - Intro 01:32 - U.S. Largest Grid Operator is warning of Summer Power Shortages 05:45 - Newsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns 12:16 - Markets Update 14:23 - Rig Count Update 14:34 - U.S. Frac Spread Count 14:43 - Aramco Profit Drops With Weak Oil and how will this impact OPEC? 16:45 - WhiteHawk to Acquire PHX Minerals Inc. for $4.35 per Share 19:12 - Outro Please see the links below or articles that we discuss in the podcast. U.S. Largest Grid Operator is warning of Summer Power Shortages Newsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns Aramco Profit Drops With Weak Oil and how will this impact OPEC? Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter ENB Top News Energy Dashboard ENB Podcast ENB Substack ENB Trading Desk Oil & Gas Investing – Get in Contact With The Show –