When will the world hit Peak Oil?

Energy News Beat Podcast

When will the world hit Peak Oil?

August 15, 2024

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key energy headlines including Elon Musk's Grok 2.0 AI tool, breakthrough drilling technology unlocking 5 billion barrels of oil, Cheniere's prediction that Asian LNG demand will double by 2040, and Europe's increasing reliance on Russian fuel despite sanctions. They also cover the UK greenlighting its biggest undersea power link and review oil market trends, including an unexpected crude oil inventory build and fluctuating oil prices. The episode also touches on inflation trends and the potential for future Fed rate cuts.

Highlights of the Podcast

00:00 - Intro

01:31 - When will the world hit peak oil?

05:22 - Breakthrough Drilling Technology Could Unlock 5 Billion Barrels of Oil

06:24 - Cheniere expects Asian LNG demand to nearly double by 2040

07:29 - European gas price hike boosts Russian fuel sales, outstriping total EU aid to Ukraine

09:03 - UK’s biggest undersea power link gets green light

11:26 - Markets Update

12:22 - Weekly Petroleum Status Report

16:00 - Outro

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