In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss stumbling electric vehicle sales, attributing it to factors like battery costs and a slowing market in Europe. They also highlight the Biden-Harris administration's decision to halt offshore oil and gas lease sales in 2024, the first time since 1958. Additionally, they touch on California Governor Gavin Newsom's criticism of Big Oil, TotalEnergies' expansion in U.S. LNG through an Eagle Ford deal, and Ted Cruz's demand for an appeal after Texas LNG terminal approvals were nixed. They close by reviewing recent market trends, including oil and gas prices, and a major acquisition deal between Valdis and Citizen Energy.

Highlights of the Podcast

00:00 - Intro

01:24 - Electric Vehicle Sales Are Stumbling. Here’s Why

03:53 - Biden-Harris Admin Won’t Hold Offshore Oil And Gas Lease Sales In 2024, First Time Since 1958

06:05 - Newsom’s War On Big Oil Continues, Calls Them The ‘Polluted Heart Of The Climate Crisis’

08:26 - TotalEnergies boosts US LNG position with Eagle Ford deal

09:31 - Ted Cruz Demands FERC Appeal After Court Nixes Texas LNG Terminal Approvals

12:59 - Markets Update

15:58 - Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say

17:59 - Outro

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

Electric Vehicle Sales Are Stumbling. Here’s Why

Biden-Harris Admin Won’t Hold Offshore Oil And Gas Lease Sales In 2024, First Time Since 1958

Newsom’s War On Big Oil Continues, Calls Them The ‘Polluted Heart Of The Climate Crisis’

TotalEnergies boosts US LNG position with Eagle Ford deal

Ted Cruz Demands FERC Appeal After Court Nixes Texas LNG Terminal Approvals

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