Energy News Beat Podcast

In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley, Mike Umbro, and Ronald Stein discuss the energy crisis in California, highlighting the state's over-reliance on foreign oil and its impact on national security. They explore the challenges of refining capacity, the state's environmental policies, and the need for a shift from stringent regulations to practical solutions like expanding domestic oil production. The conversation underscores the importance of securing permits for critical energy infrastructure, with a call for action to address California's looming energy shortages and their consequences for the U.S. economy. Thank you Ronald and Mike for stopping by the podcast, and I loved our conversation! Stu "I don't need hugs, I need drilling permits" - Mike Umbro - I loved this quote. "California is now a national security risk." Ronald Stein - This is a serious problem for the Trump administration, as Gavin Newsom seems bent on destroying California's energy and finances. Ronald Stein on America Outloud News: https://www.americaoutloud.news/author/ronald-stein-p-e/ [https://www.americaoutloud.news/author/ronald-stein-p-e/] Ronald Stein on LinkedIn here: https://www.linkedin.com/in/ronaldstein/ [https://www.linkedin.com/in/ronaldstein/] Mike Umbro on LinkedIn here: https://www.linkedin.com/in/mikeumbro/ [https://www.linkedin.com/in/mikeumbro/] Please check out Mike Umbro on X Here. https://x.com/MikeUmbro [https://x.com/MikeUmbro] Highlights of the Podcast  00:00 - Intro 01:51 - California's Energy Crisis 03:22 - California’s Oil Import Challenges 04:47 - California’s Regulatory Challenges 05:21 - California’s Energy Security Risk 07:15 - The Future of Electric Vehicles (EVs) in California 09:07 - The Hydrogen and Natural Gas Solution 11:00 - Potential Solutions for California’s Energy Issues 12:35 - The Importance of Permits 13:05 - California’s Dependency on Foreign Oil 14:16 - The Dark Fleet and Environmental Concerns 15:01 - Unethical Practices in the Green Movement 17:16 - Working with the Next Generation 19:45 - California's Energy Future and Policy Change 22:20 - Returning to California’s Energy Independence 25:01 - Offshore Drilling and Environmental Risks 29:58 - The Impacts of California's Energy Policies on National Elections 32:07 - Final Thoughts

In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner discusses key energy topics, including Saudi Arabia's decision to raise prices for Asian markets while increasing OPEC+ production quotas, reflecting a strategy to maintain market dominance. He also covers the Senate's recent vote to overturn Biden-era appliance regulations, emphasizing market-driven demand for energy-efficient products. Tanner further delves into the decline in U.S. oil production, citing Diamondback CEO's concerns about peak shale production, rising costs due to tariffs, and geological challenges. Finally, he provides a quick update on oil prices and market trends. Highlights of the Podcast  00:00 - Intro 01:48 - Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas? 04:42 - Senate Votes To Overturn Stringent Biden-Era Appliance Rules, Sending Bills To Trump 09:20 - Markets Update 10:54 - Peak Shale May Be Here Says Diamondback CEO 13:15 - Outro Please see the links below or articles that we discuss in the podcast. Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas? [https://energynewsbeat.co/why-did-saudi-arabia-raise-prices-to-the-asia-market-while-increasing-opec-production-quotas/] Senate Votes To Overturn Stringent Biden-Era Appliance Rules, Sending Bills To Trump [https://energynewsbeat.co/senate-votes-to-overturn-stringent-biden-era-appliance-rules-sending-bills-to-trump/] Peak Shale May Be Here Says Diamondback CEO [https://energynewsbeat.co/peak-shale-may-be-here-says-diamondback-ceo/] Follow Stuart On LinkedIn [https://www.linkedin.com/in/stuturley/] and Twitter [https://twitter.com/STUARTTURLEY16] Follow Michael On LinkedIn [https://www.linkedin.com/in/michaeltannersandstone/] and Twitter [https://twitter.com/mtanner_1] ENB Top News [http://energynewsbeat.co/top-news/?amp=1] Energy Dashboard [https://dashboard.energynewsbeat.com/] ENB Podcast [http://energynewsbeat.co/industry-insights-2/?amp=1] ENB Substack [https://theenergynewsbeat.substack.com/] ENB Trading Desk [http://energynewsbeat.co/tradingdesk/?amp=1] Oil & Gas Investing [https://energynewsbeat.co/investinoil/] – Get in Contact With The Show – [http://energynewsbeat.co/survey/?amp=1]

Make no mistake, Doomberg is a national treasure. I have thoroughly enjoyed my podcasts with him, and his Substack is worth every penny. The last time Doomberg was on the podcast, we had Chris Wright, our new Secretary of Energy, on the panel. This podcast is also going out on David Blackmon’s Substack and podcast channels, and he had some fantastic points and questions for Doomberg. Thank you both for your energy, leadership, and your time – Stu Check out Doomberg on his Substack at https://newsletter.doomberg.com/ [https://newsletter.doomberg.com/] Check out the transcript on our Substack here: https://theenergynewsbeat.substack.com/p/doomberg-on-the-oil-and-gas-markets [https://theenergynewsbeat.substack.com/p/doomberg-on-the-oil-and-gas-markets] Highlights of the Podcast 00:00 – Introduction 03:00 – California’s Refining Crisis 08:30 – California Politics & Oil 13:20 – Trump’s Energy Team 17:40 – OPEC’s Decline & Co-Product Economics 23:00 – Oil Price Volatility & Strategy 26:30 – NGLs & Changing Energy Definitions 33:00 – Permian, Consolidation & Costs 36:00 – Breakevens and Co-Product Economics 39:00 – LNG, Natural Gas, and Arbitrage 45:00 – LNG Tankers, Jones Act, and Energy Exports 49:00 – $50 Oil as Geopolitical Strategy 53:00 – Russia, NATO & War Risks 57:00 – Canada, Trump, and Final Thoughts

In this episode of Energy Newsbeat – Conversations in Energy, host Stuart Turley and Ronald Stein discuss California's energy crisis, focusing on the state's declining oil production and refining capacity. They highlight how California's reliance on imported oil has grown to over 60%, creating a national security risk. Stein criticizes Governor Newsom's push to phase out fossil fuels without addressing the ongoing demand, and they explore how this policy impacts the state’s energy future. They also touch on global shifts in energy production, including China’s growing refinery capacity and the complexities of California's regulatory environment. Ronald is a great friend to the Energy News Beat podcast and a great resource. Please follow his energy discussions here: https://www.americaoutloud.news/author/ronald-stein-p-e/ [https://www.americaoutloud.news/author/ronald-stein-p-e/] "California is a national security risk" is a fantastic point that Ronald made, and it prompted us to record a follow-up with Mike Umbro, which is coming out of production in a few days. Having Mike Umbro and Ronald on the same podcast for a discussion on California energy is great!   Highlights of the Podcast  00:00 - Intro 01:21 - Decline of California’s refining capacity 02:33 - California’s energy security risks 03:24 - Rising dependence on imported oil 04:36 - China’s role in refinery development 05:28 - Challenges with California's fuel blend 06:00 - Impact of tariffs on energy 07:04 - Challenges of U.S. energy manufacturing 07:17 - Importance of energy supply-demand balance 09:06 - National security implications of California’s energy issues 10:36 - Politics of Governor Newsom’s energy policies 12:50 - Addressing the supply-demand imbalance 13:23 - The importance of oil in essential industries 16:14 - Wind and solar limitations as energy solutions 17:25 - Ronald Stein’s article on refinery closures 18:16 - Energy policy and supply-demand discussions 19:02 - Fossil fuels’ irreplaceable role in society 21:04 - The role of natural gas and nuclear in California 23:11 - Closing remarks and future discussions Like this comment

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses key energy market developments, including Saudi Arabia's budget deficit and its $90 oil requirement, the U.S. cutting its oil output forecast amid falling prices, and concerns about "peak shale" as Diamondback Energy reduces its production forecast. He also covers the ongoing legal battles involving 18 U.S. states suing President Trump over wind project shutdowns, as well as Marathon Petroleum’s Q1 earnings decline due to weak refining margins. Additionally, Turley touches on the oil price bounce-back following recent OPEC decisions and upcoming interviews with energy experts. Highlights of the Podcast  00:00 - Intro 01:46 - Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash 03:37 - US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge 06:10 - Peak Shale May Be Here Says Diamondback CEO 08:38 - 18 US states suing Trump over shutdown of wind projects 10:40 - Marathon Petroleum Q1 down on earnings due to weak refining margins 11:42 - Oil Prices Bounce Back From OPEC+ Bombshell 12:54 - Outro Please see the links below or articles that we discuss in the podcast. Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash [https://energynewsbeat.co/saudi-arabias-budget-deficit-surged-before-the-oil-price-crash/] US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge [https://energynewsbeat.co/us-cut-forecast-for-oil-output-just-before-crudes-latest-plunge/] Peak Shale May Be Here Says Diamondback CEO [https://energynewsbeat.co/peak-shale-may-be-here-says-diamondback-ceo/https://energynewsbeat.co/peak-shale-may-be-here-says-diamondback-ceo/] 18 US states suing Trump over shutdown of wind projects [https://energynewsbeat.co/18-us-states-suing-trump-over-shutdown-of-wind-projects/] Marathon Petroleum Q1 down on earnings due to weak refining margins [https://energynewsbeat.co/marathon-petroleum-q1-down-on-earnings-due-to-weak-refining-margins/] Oil Prices Bounce Back From OPEC+ Bombshell [https://energynewsbeat.co/oil-prices-bounce-back-from-opec-bombshell/] Follow Stuart On LinkedIn [https://www.linkedin.com/in/stuturley/] and Twitter [https://twitter.com/STUARTTURLEY16] Follow Michael On LinkedIn [https://www.linkedin.com/in/michaeltannersandstone/] and Twitter [https://twitter.com/mtanner_1] ENB Top News [http://energynewsbeat.co/top-news/?amp=1] Energy Dashboard [https://dashboard.energynewsbeat.com/] ENB Podcast [http://energynewsbeat.co/industry-insights-2/?amp=1] ENB Substack [https://theenergynewsbeat.substack.com/] ENB Trading Desk [http://energynewsbeat.co/tradingdesk/?amp=1] Oil & Gas Investing [https://energynewsbeat.co/investinoil/] – Get in Contact With The Show – [http://energynewsbeat.co/survey/?amp=1]