In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover various energy-related headlines. They discuss the tech industry's increasing interest in nuclear power, with companies like Amazon and Google investing heavily in nuclear plants to power their data centers. They also touch on China's energy strategies, including the launch of its largest LNG storage base and the country's stockpiling of coal. Additionally, they report a significant 2% rise in oil prices due to a shift in market sentiment. Lastly, they mention the ongoing issues with Citgo's bankruptcy and the low bids received for its auction.

Highlights of the Podcast

00:00 - Intro

01:26 - Tech Industry Wants to Lock Up Nuclear Power for AI

04:12 - Will Evil Google’s AI Demands Exact A High Price from New Yorkers Who Foolishly Went for Solar and Wind? Could Be!

05:15 - CNOOC launches China’s largest LNG storage base

06:37 - Chinese coal terminals ‘bursting at the seams’

09:25 - Markets Update

13:26 - Outro

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

Tech Industry Wants to Lock Up Nuclear Power for AI

July 1, 2024 Stu Turley

Largest tech companies are looking to buy nuclear power directly from plants, which could sap the grid of critical resources Tech companies scouring the country for electricity supplies have zeroed in on a key target: […]

Will Evil Google’s AI Demands Exact A High Price from New Yorkers Who Foolishly Went for Solar and Wind? Could Be!

July 1, 2024 Mariel Alumit

I received a very interesting email yesterday from a reader. It suggested Google, which already has roughly 40 data centers around the world, may be planning another in the vicinity of Spring City, Chester County, Pennsylvania […]

CNOOC launches China’s largest LNG storage base

July 1, 2024 Mariel Alumit

China National Offshore Oil Company (CNOOC) has launched what it says is China’s largest LNG storage base at its Binhai LNG import terminal in Jiangsu. According to a statement by CNOOC Gas & Power, six […]

Chinese coal terminals ‘bursting at the seams’

July 1, 2024 Mariel Alumit

High rainfall, increased hydropower, and preparation for the hot summer months are all contributing to very full coal terminals up and down the Chinese coastline. “Port storage is bursting at the seams, and it appears […]

Oil prices rise 2% on summer demand hopes, supply worries

July 1, 2024 Mariel Alumit

July 1 (Reuters) – Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak summer driving season and worries that OPEC+ production cuts could result in supply deficits […]

Court Hearing on Citgo Auction Could Be Delayed Until September

July 1, 2024 Mariel Alumit

The court officer who oversees the auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has asked a Delaware court to postpone the hearing on the winning bids by two months until […]

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