Warren Buffett Was Right on Energy, China’s in Debt – ENB Weekly Recap

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stu Turley and Michael Tanner break down Warren Buffett’s warning on wind energy proves true as subsidies vanish, exposing its economic fragility, while China faces a deepening debt crisis with a staggering 312% debt-to-GDP ratio. California backtracks on EV tax credits amid budget shortfalls, and Trump urges Europe to stop buying Russian energy, risking geopolitical fallout. Meanwhile, Russia’s crude exports hit a 16-month high, and the U.S. energy market braces for shifting global dynamics. 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: Highlights of the Podcast 00:00 - Intro 00:14 - Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies 03:40 - California Won’t Replace Expiring $7,500 Federal EV Tax Credit 06:06 - Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan 09:33 - Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets?Oil 13:04 - Jumps as Trump Pushes Europe to Stop All Russian Energy Purchases 16:20 - Russia’s Crude Flows Hit 16-Month High on Rising Output, Attacks 18:57 - Outro Links to articles discussed: Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies California Won’t Replace Expiring $7,500 Federal EV Tax Credit Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan Is China’s Debt Bomb About to Explode, and What Is the Impact on Global Markets?Oil Jumps as Trump Pushes Europe to Stop All Russian Energy Purchases Russia’s Crude Flows Hit 16-Month High on Rising Output, Attacks