In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover several top headlines. They discuss Pete Buttigieg's rejection of critics of the EV future, noting the rise of electric vehicles in the automotive sector. The hosts also analyze the competition between big oil and big tech, with oil outpacing tech in recent market trends. They delve into OPEC's call for members to compensate for overproduction and speculate on the challenges the Federal Reserve may face in controlling inflation. Additionally, they highlight the establishment of a new Association for Maritime Nuclear Energy, emphasizing the potential of nuclear energy in maritime applications. In finance, they note a slight increase in oil prices and discuss crude oil inventory numbers, observing a build-up in reserves. They wrap up by previewing upcoming podcast episodes and sign off for the weekend, promising a weekly recap on Saturday and a return to the podcast on Monday.

Highlights of the Podcast

00:00 - Intro

01:36 - Buttigieg rejects critics of EV future: Like people in 2000s saying we could have landlines forever

04:38 - Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting

07:31 - OPEC+ Committee Calls on Members to Compensate for Overproduction

09:51 - Steve Cohen says the Fed may have a hard time getting inflation down to its goal

13:03 - New association for maritime nuclear created

15:49 - Markets Update

17:55 - Outro

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

Buttigieg rejects critics of EV future: Like people in 2000s saying we could have landlines forever

April 3, 2024 Mariel Alumit

Transportation Secretary Pete Buttigieg rejected criticism of the Biden administration’s push for America to embrace a future where electric vehicles (EVs) overtake internal combustion engines, comparing the dynamic to that of landline phone loyalists at the dawn […]

Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting

April 3, 2024 Mariel Alumit

Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word. After finishing 2023 in the red as the broader market soared, energy stocks have started […]

OPEC+ Committee Calls on Members to Compensate for Overproduction

April 3, 2024 Mariel Alumit

The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted that compliance with the cuts […]

Steve Cohen says the Fed may have a hard time getting inflation down to its goal

April 3, 2024 Mariel Alumit

Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]

New association for maritime nuclear created

April 3, 2024 Mariel Alumit

A global group of companies with a common interest in developing nuclear energy solutions for the maritime sector have launched Nuclear Energy Maritime Organization (NEMO). To be headquartered in London, NEMO will officially start activities […]

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