In this episode of the Energy News Beat Daily Standup, host Michael Tanner discusses various energy-related topics. He begins by sharing insights from a Wall Street Journal article where the author, Joanna Stern, visited 30 electric vehicle (EV) charging stations in Los Angeles County. The investigation revealed that 40% of the chargers had issues, including being out of order, problems with credit card swiping, and handshake failures in connecting to EVs. The podcast then shifts to Goldman Sachs' forecast of higher returns on commodities over the next 12 months, citing factors such as higher spot prices, easing monetary policy, and hedging against geopolitical issues. The host reflects on the implications for the energy sector, particularly oil. The episode concludes with a brief overview of financial market movements and oil prices for the day.

Highlights of the Podcast

00:00 - Intro

01:53 - I Visited Over 120 EV Chargers: Three Reasons Why So Many Were Broken

05:19 - Goldman Sachs forecasts higher returns on commodities

07:37 - Markets Update

08:42 - Oil prices dive on big US crude stock build, record output

10:07 - Outro

Please see the links below for articles that we discuss in the podcast.

I Visited Over 120 EV Chargers: Three Reasons Why So Many Were Broken

Los Angeles County has more public electric-vehicle fast chargers than any other in the country. WSJ’s Joanna Stern hit up 30 charging locations in a Rivian R1T and ran into problems at 40% of them. […]

Goldman Sachs forecasts higher returns on commodities

Reuters Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical […]

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