About this episode
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner cover urgent U.S. energy grid concerns, including PJM's warning of summer blackouts due to fossil fuel plant retirements and surging demand. They critique California's refinery shutdowns, which could drive gas prices to $9, and discuss Saudi Arabia's budget strain with Brent crude below breakeven levels. The episode also examines Equinor’s potential exit from a New York wind project, Shell’s rumored acquisition of BP, Russia’s massive shipbuilding expansion, and new U.S. sanctions targeting Iran’s oil trade with China. Highlights of the Podcast 00:00 - Intro 01:38 - U.S. Largest Grid Operator is warning of Summer Power Shortages 05:51 - Newsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns 09:44 - Saudi Arabia Spends Like Oil’s Still at $90 11:58 - Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators 14:56 - Is Shell Sizing Up Oil’s Biggest Power Grab Yet? 17:49 - Equinor could axe wind project off New York within days 21:26 - Russia readies billions for domestic fleet buildout 23:51 - Washington issues further sanctions aimed at Iran’s trade with China 25:39 - 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 Saudi Arabia Spends Like Oil’s Still at $90 Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators Is Shell Sizing Up Oil’s Biggest Power Grab Yet? Equinor could axe wind project off New York within days Russia readies billions for domestic fleet buildout Washington issues further sanctions aimed at Iran’s trade with China 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 –