Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals

In this episode of Energy Newsbeat Daily Standup, Stuart Turley and Michael Tanner covered reports of a possible drone strike and fire at Chevron’s El Segundo refinery threatening Southern California’s jet-fuel supply, rising gas prices, and broader energy security concerns. It also discussed BlackRock’s $6 billion Allete utility acquisition, AI’s projected demand for 55 GW of new power capacity, a surge in copper prices from grid and AI growth, and the collapse of the Net Zero Banking Alliance amid political backlash and massive global costs. The team wrapped with insights on Chevron and Oxy asset sales, OPEC’s production dynamics, and a preview of an upcoming interview with General Flynn. 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 00:15 - Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike 04:07 - BlackRock’s GIP Wins Approval of $6 Billion Allete Deal – How investors look at the deal 07:20 - AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030 12:41 - AI Demand and Grid Upgrades Drive Fresh Copper Boom – What companies are potential good investments? 14:54 - Net-Zero Banking Alliance Folds After Mass Exodus by Members 20:52 - Markets Update 21:15 - OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver? 22:29 - Exclusive: Chevron puts $2 billion Colorado pipeline assets for sale, sources say 23:28 - Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals 32:29 - Outro Links to articles discussed: Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike BlackRock’s GIP Wins Approval of $6 Billion Allete Deal – How investors look at the deal AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030 AI Demand and Grid Upgrades Drive Fresh Copper Boom – What companies are potential good investments? Net-Zero Banking Alliance Folds After Mass Exodus by Members OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver? Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals