About this episode
In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner discuss the ongoing fiscal challenges Saudi Arabia faces as oil prices stay below the required levels to balance its budget, and the U.S. government’s efforts to refill the Strategic Petroleum Reserve (SPR) with a proposed $1.3 billion investment. The duo also touches on Texas’ grid issues and high electricity rates caused by wind and solar costs, the potential for UK blackouts, and speculation around Shell’s possible acquisition of BP amidst weak earnings. Finally, they discuss the broader energy market outlook, with a focus on oil price fluctuations and geopolitical impacts. Highlights of the Podcast 00:00 - Intro 01:52 - Saudi Arabia Spends Like Oil’s Still at $90 04:10 - Republicans Push to Refill the Strategic Petroleum Reserve With $1.3 Billion 07:42 - Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators 10:42 - Can the UK avoid the Spain Blackouts? Or are they doomed? 5:44 - Markets Update 18:54 - Is Shell Sizing Up Oil’s Biggest Power Grab Yet? 22:14 - Outro Please see the links below or articles that we discuss in the podcast. Saudi Arabia Spends Like Oil’s Still at $90 Republicans Push to Refill the Strategic Petroleum Reserve With $1.3 Billion Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators Can the UK avoid the Spain Blackouts? Or are they doomed? Is Shell Sizing Up Oil’s Biggest Power Grab Yet? 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 –