In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner discusses various energy sector topics including a report by Greenpeace accusing Shell of selling millions of phantom carbon credits, the U.S. Department of Energy's plans to purchase crude oil for the Strategic Petroleum Reserve, and a general overview of the day's financial movements in oil and gas markets. Tanner critiques the effectiveness and sincerity of environmental policies, particularly highlighting the controversy and alleged hypocrisy within the environmental activist groups like Greenpeace. He also covers financial updates, mentioning specific companies like Cord and Sandridge, and provides insights into market trends and the strategic maneuvers of major oil companies.

Highlights of the Podcast

00:00 - Intro

01:06 - Shell sold millions of ‘phantom’ carbon credits

05:50 - U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum Reserve

09:31 - U.S. API Weekly Crude Oil Stock

10:47 - Chord Energy Reports

12:54 - Sandridge Energy Earnings

14:41 - Outro

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

Shell sold millions of ‘phantom’ carbon credits

May 7, 2024 Stu Turley

“Shell sold millions of carbon credits tied to CO₂ removal that never took place to Canada’s largest oil sands companies, raising new doubts about a technology seen as crucial to mitigating greenhouse gas emissions. As […]

U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum Reserve

May 7, 2024 Mariel Alumit

ENB Pub Note: I bet they don’t ever fill it. It is too close to November Elections. The U.S. Department of Energy (DOE) has announced a new solicitation to purchase oil to replenish the […]

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