Banks Predict $50 Oil on Ukraine Peace — But Can We Believe Them?

In this episode of Energy Newsbeat Daily Standup, Michael Tanner and Stuart Turley break down Citi’s $50 oil prediction amid Russia-Ukraine de-escalation rumors, debating whether the surplus fears hold up against Saudi Arabia’s fiscal realities and Trump’s energy goals. They expose the hidden fossil fuel costs behind wind turbines, highlight Trump’s pushback on global carbon taxes, and analyze Europe’s rare earth dependence in the U.S.-China trade clash. Wrapping up with rig counts, SLB earnings, and India’s oil trade under sanctions, the hosts close with optimism for global reindustrialization and pragmatic energy investing. 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 00:16 - Citi Says Russia-Ukraine De-escalation Could Impact Oil to $50, and Oil’s Surplus Is Here—But What’s the Real Story? 07:51 - Wind Turbines are Made by Coal and Are Not Sustainable 12:22 - How Trump’s Impact on the Global “Green New Scam Tax” by the UN Translates to Consumers Being Saved 15:26 - Europe is the Biggest Loser in US-China Rare Earth Wars 21:49 - Market Update 22:57 - US Oil Rig Count Stalling While Output Soars 23:52 - SLB Reports Q3 Earnings Higher Than Expected 27:47 - Outro Links to articles discussed: Citi Says Russia-Ukraine De-escalation Could Impact Oil to $50, and Oil’s Surplus Is Here—But What’… Wind Turbines are Made by Coal and Are Not Sustainable How Trump’s Impact on the Global “Green New Scam Tax” by the UN Translates to Consumers Being Saved Europe is the Biggest Loser in US-China Rare Earth Wars US Oil Rig Count Stalling While Output Soars SLB Reports Q3 Earnings Higher Than Expected