In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner covers the harsh realities of the global energy transition, highlighting how fossil fuel demand continues to outpace renewable growth. It discusses Saudi Arabia's expected cut in oil prices to Asia, Algeria's move to join the BRICs bank, and the doubling of New Jersey's electric bills due to green energy policies. Additionally, the podcast touches on the static state of U.S. oil rig counts and the sudden resignation of Talos Energy's CEO, reflecting broader industry and geopolitical dynamics in the energy sector.

Highlights of the Podcast

00:00 - Intro

02:06 - The Harsh Reality of the Global Energy Transition

04:47 - Saudi Arabia Expected to Cut Its Oil Prices to Asia for October

07:24 - African state joins BRICS bank

10:01 - Thanks To Gov. Murphy’s ‘Green Energy Nightmare’, New Jerseyans’ Electric Bills Have Doubled

12:29 - Oil Rigs are where they were around COVID

20:46 - Markets Update

23:35 - Talos Energy Announces CEO Transition

26:30 - Outro

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

The Harsh Reality of the Global Energy Transition

Saudi Arabia Expected to Cut Its Oil Prices to Asia for October

African state joins BRICS bank

Thanks To Gov. Murphy’s ‘Green Energy Nightmare’, New Jerseyans’ Electric Bills Have Doubled

Oil Rigs are where they were around COVID

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