About this episode
In this episode of Energy Newsbeat Daily Standup, Stu Turley and Michael Tanner break down the hidden costs and tax subsidies behind wind energy, highlighting Warren Buffett’s reliance on tax credits to make wind projects profitable, while consumers and taxpayers ultimately foot the bill. They contrast this with the lower cost of natural gas and new turbine technology, critique California’s EV credit policies under Governor Newsom, and cover geopolitical energy developments, including the U.S. blocking Iran-Iraq gas deals and Michigan’s Line 5 pipeline legal battles. The hosts also touch on market movements, rig counts, and Cord Energy’s Williston Basin acquisition, while emphasizing the value of diversifying through oil and gas investments with strong tax advantages. Subscribe to Our Substack For Daily Insights Want to Add Oil & Gas To Your Portfolio? Fill Out Our Oil & Gas Portfolio Survey Need Power For Your Data Center, Hospital, or Business? Follow Stuart On LinkedIn: https://www.linkedin.com/in/stuturley/ and Twitter: https://twitter.com/STUARTTURLEY16 Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... and Twitter: https://twitter.com/mtanner_1 Timestamps: 00:00 - Intro 00:12 - Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies 03:37 - Rising Natural Gas Costs Make Wind and Solar More Expensive, Too 06:49 - California Won’t Replace Expiring $7,500 Federal EV Tax Credit 09:15 - Iraq’s Gas Deal Through Iran Blocked by U.S. 10:58 - Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan 16:28 - Market Update 17:27 - U.S. Oil Rig Count Rises for Third Consecutive Week 17:46 - Frac Count Update 18:02 - Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m 19:14 - Outro Links to articles discussed: Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies Rising Natural Gas Costs Make Wind and Solar More Expensive, Too California Won’t Replace Expiring $7,500 Federal EV Tax Credit Iraq’s Gas Deal Through Iran Blocked by U.S. Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan U.S. Oil Rig Count Rises for Third Consecutive Week Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m