In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discussed various global energy issues, including New Zealand lifting its oil drilling ban due to blackout fears, Colombia's economic risks amid a natural gas shortage, rising costs associated with green energy transitions, potential rolling blackouts in Texas, and Virginia resisting California's electric vehicle policies. They also covered the U.S. efforts to replenish its Strategic Petroleum Reserve and reviewed recent oil and gas market trends and rig counts. The episode emphasized the complexities of energy policies and the economic impacts of transitioning to renewable energy.

Highlights of the Podcast

00:00 - Intro

01:39 - New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer

06:24 - Colombia Risks Economic Slowdown Amid Natural Gas Shortage

09:01 - The Price of Going Green Is High

13:10 - ERCOT says Texas could face rolling blackouts in August, as Houston officials announce cooling centers

15:16 - Ignore California: Let Virginians Drive What They Want To Drive

17:51 - Markets Update

25:53 - Outro

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

New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer

June 9, 2024 Stu Turley

New Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea. The country’s coalition government […]

Colombia Risks Economic Slowdown Amid Natural Gas Shortage

June 9, 2024 Stu Turley

ENB Pub Note: There is a strong correlation between economic success and low-cost energy. This article is just one example of the negative impact the LNG export ban from the Biden Administration has on the […]

The Price of Going Green Is High

June 8, 2024 Stu Turley

1: People around the world are beginning to object to the increasingly expensive costs of the “energy transition” being pushed by their governments and some businesses. 2: A paper by the Climate Policy Initiative (CPI) […]

ERCOT says Texas could face rolling blackouts in August, as Houston officials announce cooling centers

June 8, 2024 Stu Turley

The report found that energy demand throughout the state of Texas could reach as high as 78,000 megawatts in August. And city and county officials will open 22 cooling centers for the summer. Energy demand […]

Ignore California: Let Virginians Drive What They Want To Drive

June 8, 2024 Stu Turley

KEY TAKEAWAYS California’s policies on electric vehicles are exacerbating blackouts and restricting the ability of its residents to buy the cars they want. Virginians like gasoline-powered cars—99.39% of their vehicles have an internal-combustion engine. When […]

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