In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stu Turley and Michael Tanner dive into Oklo’s $168B nuclear fuel recycling milestone, Scott Bessent’s explosive critique of the Federal Reserve, and the geopolitical oil chessboard as OPEC+ eyes an October production increase. They also unpack California’s failed refinery bailout, widespread oil & gas job cuts, and the 71% plunge in exploration capex. From Tennessee to Tehran, the duo challenges media narratives on “oil gluts,” inflation, and energy policy hypocrisy—all with charts, laughs, and hard-hitting analysis.



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Timestamps:

Highlights of the Podcast 

00:00 - Intro

00:12 - Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility

02:19 - Treasury Secretary Bessent Says Fed ‘Must Change Course,’ Demands an Entire Review

07:59 - OPEC+ Agrees in Principle to Increase Production in October

13:33 - California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown

17:04 - Job Cuts Rock Global Oil and Gas Sector

23:22 - Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013

28:46 - Outro

Links to articles discussed:

Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility

Treasury Secretary Bessent Says Fed ‘Must Change Course,’ Demands an Entire Review

OPEC+ Agrees in Principle to Increase Production in October

California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown

Job Cuts Rock Global Oil and Gas Sector

Peak Oil Production? Oil Majors’ Exploration Capital Tumbled Since 2013