In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner discuss the recent widespread blackout affecting Spain, Portugal, and parts of France, speculating it could be linked to a cyber attack. They highlight the challenges of renewable energy reliance, emphasizing the instability of non-dispatchable power sources. The discussion moves to the geopolitical tension in Eastern Europe as the U.S. urges a split from the EU's energy transition aims, and California's steep decline in oil drilling permits is criticized. Finally, the hosts touch on the oil market, with concerns about the ongoing U.S.-China trade war and its potential impact on oil prices, despite some optimistic long-term views on oil and gas investments.

Highlights of the Podcast 

00:00 - Intro

01:37 - Spain and Portugal Hit by Widespread Blackout

07:26 - US Urges Eastern Europe to Split From EU Energy Transition Aims

09:17 - California’s New Oil Drilling Permits Drop From Thousands to Dozens per Year

11:58 - Big Oil Could Trim Buybacks After Price Rout – But Oil and Gas is still a good investment

17:53 - Markets Update

19:54 - Outro

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

Spain and Portugal Hit by Widespread Blackout

US Urges Eastern Europe to Split From EU Energy Transition Aims

California’s New Oil Drilling Permits Drop From Thousands to Dozens per Year

Big Oil Could Trim Buybacks After Price Rout – But Oil and Gas is still a good investment

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