Can President Trump Take Control of California's Oil Refineries?

Energy News Beat Podcast

Can President Trump Take Control of California's Oil Refineries?

July 14, 2025

In this episode of the Energy Newsbeat Daily Standup, Stuart Turley and Michael Tanner discuss President Trump's potential to take control of California’s oil refineries to prevent a national security crisis amid closures threatening 17% of the state’s refining capacity. They explore the political fallout and the need for increased Alaskan oil production, followed by the opening of the first U.S. rare earth mine in 70 years. They also critique Europe's energy policy, including its costly shift away from Russian gas. The hosts provide insights on U.S. oil and gas market trends, including rising oil prices, declining rig counts, and the global impact of sanctions on Russia.

Highlights of the Podcast

00:00 - Intro

00:15 - Can President Trump Take Control of the California Refineries to Stop a National Security Crisis?

03:50 - Trump’s Push for New Oil and Gas Leases on Federal Lands: Implications for Investors, the U.S. Economy, and Alaska

06:02 - First U.S. Rare Earth Mine in 70 Years Opens with Chris Wright On Site: A Game-Changer for Investors and Mining Technology

07:46 - Europe Says They Won’t Need Russian Gas in the Future, But Do They?

13:18 - Markets Update

18:31 - United States Oil Rigs Continue Downward Trend Amid Price Uncertainty

19:01 - Frac Count Update

20:03 - Outro

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

Can President Trump Take Control of the California Refineries to Stop a National Security Crisis?