Energy News Beat Podcast

The Oil and Gas Global Markets Update with Wasif Latif, Co-Founder, President and CFO of Sarmaya Partners

Wasif Latif, Co-Founder, President & Chief Investment Officer at Sarmaya Partners, stops by the Energy News Beat and Energy Impacts Podcasts - With Stu Turley, and David Blackmon for an in-depth look at the global oil and gas financial markets. 1. The performance and investment strategy of the Sarmaya Partners ETF called "Lens". Wasif Latif, the co-founder and CIO of Sarmaya Partners, discusses how the Lens ETF has performed very well since its launch, up over 50%, by investing in stocks and commodities related to the "return to tangibles" investment theme. 2. The outlook for the energy and commodities markets, including oil, natural gas, copper, and precious metals like gold and silver. Latif believes there is a looming supply deficit in these commodities due to underinvestment, which will lead to higher prices in the coming years. 3. The challenges and limitations of the renewable energy transition, particularly the reliance on technologies like lithium-ion batteries that have significant constraints. Latif argues the transition to renewable energy will take much longer than commonly projected. 4. The geopolitical tensions and supply disruptions impacting energy and commodity markets, such as the recent incidents involving tankers and oil platforms. Latif discusses how these short-term events are often "noise" that don't change the underlying supply and demand fundamentals. 5. The broader macroeconomic and policy environment, including high inflation, rising interest rates, and increased government intervention, which Latif believes will be favorable for tangible assets and commodities over the long term. 00:00 Intro Return to Tangibles 01:11 ETF LENS is by Sarmaya Partners 03:35 Is the world oversupplied with oil 06:10 Geopolitical Risk to Oil 07:09 Shale Boom and Break-even for Oil 10:06 Companies looking for exploration locations 11:38 Policy impacting prices 16:58 Market Cycles 20:21 Markets like Copper 23:42 Global Markets and deindustrialization 27:15 Grid complexities of AC vs DC 28:56 Renewables impact on Energy 37:30 Investing and day trading 41:45 Recycling and Copper 48:20 Nuclear and AI Follow Wasif on LinkedIn https://www.linkedin.com/in/wasiflatif/ [https://www.linkedin.com/in/wasiflatif/] Check out https://sarmayapartners.com/ [https://sarmayapartners.com/] Check out the Substack: https://sarmayakar.substack.com/ [https://sarmayakar.substack.com/] Check out the full Transcript on https://energynewsbeat.co/ [https://energynewsbeat.co/] and https://theenergynewsbeat.substack.com/ [https://theenergynewsbeat.substack.com/]

Data Centers and Venezuela on the Front Lines

Today on the Energy News Beat, Stand up Stu Turley and David Blackmon talk about the critical issues around Data Centers, Venezuela, Chevron, and how investors would react. With an oil platform in the Caspian Sea hit by Ukrainian drones, another Russian Tanker hit, and the U.S. boards a tanker loaded with Venezuelan oil, you can't buy this kind of entertainment. Years ago, oil would have spiked to $20, and today it's going down. 1. The data center boom and its impact on power grids, especially in the PJM region of the northeastern United States. The transcript discusses how the rapid growth of data centers is straining power grids and causing utility rates to rise. 2. Chevron's operations in Venezuela and the complex geopolitical situation there, including the enforcement of US sanctions and the potential for regime change. 3. Innovative solutions to power data centers, such as the supersonic engine developed by Boom Supersonic, that can be used to power AI data centers. 4. Concerns about a potential "bubble" in the data center industry due to the rapid growth and large investments. 5. Partnerships between energy companies and data center operators, such as Exxon's deal with NextEra to develop a gigawatt-scale data center. 6. The importance of developing domestic rare earth refining capabilities in North America to reduce reliance on China. 7. The boom in US solar installations is driven by the impending expiration of tax credits and concerns about the sustainability of this growth. 8. Ongoing mergers and acquisitions in the natural gas sector, as companies seek to gain economies of scale. 00;00 Introduction Data Centers 01:20 PJM Grid Growth in West Virginia 04:26 Chevron and Venezuela on the Front Lines 08:41 Symphonic Supersonic new gas turbine for data centers 12:58 Exxon is working with NextEra to develop a Gigawatt Data Center 16:00 US Solar is setting up for a crash 23:41 Exxon and Chevron Charts Thanks to David Blackmon for stopping by the ENB Stand Up and sharing his Forbes Article and expertise. Please subscribe to him at https://blackmon.substack.com/ [https://blackmon.substack.com/] Shout out to our sponsor, Reese Energy Consulting. Check them out here: https://reeseenergyconsulting.com/ [https://reeseenergyconsulting.com/] Follow Michael On LinkedIn [https://www.linkedin.com/in/michaeltannersandstone/] and X [https://twitter.com/mtanner_1] Follow Stu on LinkedIn [https://www.linkedin.com/in/stuturley/] and X [https://x.com/STUARTTURLEY16] ENB Top News [http://energynewsbeat.co/top-news/?amp=1] ENB Podcast [http://energynewsbeat.co/industry-insights-2/?amp=1] ENB Substack [https://theenergynewsbeat.substack.com/] Oil & Gas Investing [https://energynewsbeat.co/invest] WANT TO GET YOUR STORY IN FRONT OF OUR MASSIVE AUDIENCE? GET A MEDIA KIT HERE. PLEASE HELP US HELP YOU GROW YOUR BUSINESS IN ENERGY. HTTPS://ENERGYNEWSBEAT.CO/REQUEST-MEDIA-KIT/ [https://energynewsbeat.co/request-media-kit/]

Could Oil Be Next Year's Gold Investment?

CNBC inspired today’s ENB Stand Up - I Did Not Have That On Michael’s Bingo Card. The interview on CNBC inspired today’s ENB Stand Up, and here is the full interview with Peter Boockvar, CIO of One Point BFG Wealth Partners, who was interviewed on ‘Fast Money’ to discuss why he is bullish on energy heading into 2026. I found this story very interesting as Peter goes through the key bullet points. Their interview was on CNBC. Peter Boockvar also said: “Now with OPEC, we’ve seen more than two million barrels a day of production increases and quota increases, but the production increases haven’t really met up fully with the quotas, which tells me that there’s less available excess production supply, and it’s really only coming out of Saudi Arabia and the UAE.” Finally, Peter Boockvar commented, “I think sixty dollars a barrel is pricing in almost no geopolitical risks. And I think the market just almost in a way assumes that there’s going to be a deal.” Chapter Times: 00:00 Intro 00:30 Peter Boockvar on the CNBC Interview, oil is next year's gold 04:48 California Pipeline Shut Down, A crisis in the making 10:12 Will the oil Shadow Fleet End? ENB Stand Up Stories Covered on The Show Oil could be next year’s gold, says investor Peter Boockvar New Report Warns Consequences of an Oil Pipeline Shutdown Would ‘Cascade Across the State’ California’s Oil Rush Slips into Final Act, and May Take Alaska’s Oil Rebound Down with It The Shadow Fleet End? – Giacomo Prandelli Africa is Embracing Oil and Gas for New Development, and Will Benefit Africans, Investors, and the Market US Oil Rig Count Stages A Comeback After Last Week’s Losses Check out Reese Energy Consulting at https://reeseenergyconsulting.com/ The full article at The Energy News Beat Substack: https://theenergynewsbeat.substack.com/p/could-oil-be-next-years-gold-investment Got questions if you need a tax deduction? https://energynewsbeat.co/invest/

Has California’s Oil and Gas Industry Hit the Point of No Return. Major Pipelines Could Be Closing Within Weeks

Katy Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast. This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return? [https://californiaglobe.com/articles/has-californias-oil-and-gas-industry-hit-the-point-of-no-return/]” and in that story, she is pointing out that the National Security Risk created by Gavin Newsom’s energy policies may have pushed the oil and gas business to the brink of collapse. On the podcast, we discussed that the main pipeline may shut down in weeks, meaning oil drilled in California will have to be trucked to refineries rather than put into the pipeline. Yes, you read that correctly. Shut down in weeks. We also ask, how many of those truck drivers are illegal migrants who can’t read, and we need thousands of trucks that don’t exist. The other huge issue is the sheer number of tankers that will be piling up off the coast, which is a real problem. There is a good chance that some are no longer part of the Dark Fleet and may not be seaworthy or insured. Key Chapter Time Stamps 02:17 California’s Oil Crisis is now a Security Risk 04:50 California Imports 70% of the oil it requires 07:09 Permitting and Regulatory issues for E&P operators 10:06 Crimson Midstream Pipeline, The San Pablo pipeline potential shutdown mid-December 12:21 The largest oil spills were from Tankers, and we are going to see more tankers on the water, driving potential accidents up. 13:51 Shout out to Gene Nelson, PhD., whom I just interviewed, and we talked about that interview that is now in production. 16:06 Nuclear plants had been shut down to make way for wind and solar installations. 18:52: The oil industry is over 22:05 How to fix the broken system 23:55 Alaska imports jet fuel, diesel, and gasoline, causing significant environmental damage. 41:18 Mike Umbro, Energy Environmentalist: Well, that's about hugs and Chris Wright. I told you I don’t need a hug, I need a permit. PLEASE MAKE NO MISTAKE, WE HAVE A CRISIS BREWING IN CALIFORNIA. Katy’s comment that Governor Newsom can’t be this incompetent and that it has to be deliberate really resonated with me while writing this summary. ENB Top News [http://energynewsbeat.co/top-news/?amp=1] ENB Podcast [http://energynewsbeat.co/industry-insights-2/?amp=1] ENB Substack [https://theenergynewsbeat.substack.com/] Oil & Gas Investing [https://energynewsbeat.co/invest] WANT TO GET YOUR STORY IN FRONT OF OUR MASSIVE AUDIENCE? GET A MEDIA KIT HERE. PLEASE HELP US HELP YOU GROW YOUR BUSINESS IN ENERGY. HTTPS://ENERGYNEWSBEAT.CO/REQUEST-MEDIA-KIT/ [https://energynewsbeat.co/request-media-kit/]

New York to Ration Fossil Fuels. And Add New Taxes

Michael Tanner and Stu Turley cover several significant developments in the energy industry. First, they discuss New York's new "Cap and Invest" program, which will ration and tax fossil fuels. We do not see this as being ineffective and costly for consumers. This will do nothing but drive more people out of New York and reduce taxable income as money leaves the state. There is a reason JP Morgan has moved its gold trading unit out of New York. Next, we examine the increasing isolation of Venezuela as its allies Russia and China step back amid heightened U.S. pressure. This has implications for Venezuela's significant oil reserves. We then cover ExxonMobil's interest in acquiring a Russian firm's stake in an Iraqi oil field, as U.S. sanctions impact the global energy landscape. The discussion shifts to the automotive industry, noting a pivot away from aggressive EV adoption towards more profitable hybrid vehicles in the U.S.  Analyst Josh Young's insights on OPEC's production increases and the implications for spare capacity and oil market dynamics are also covered. Finally, we lament the collapse of California's oil and gas industry due to stringent policies and permitting challenges, and we criticize the state's governor. Key Time Stamps: 00:17 New York to Tax more and Ration fossil fuels 03:21 Venezuela is suddenly alone 06:20 ExxonMobil looking over LukOil in Iraq 08:57 Shift to hybrid cars will lower gasoline demand 10:23 OPEC* Production 13:17 Has California's Oil and Gas industry hit the point of no return? Stu will be interviewing Mike Umbro, and Katy Grimes, Editor in Chief of the California Globe, are live on LinkedIn, X, and YouTube to talk about the California story. "Has California’s Oil and Gas Industry Hit the Point of No Return? – California Globe [https://energynewsbeat.co/has-californias-oil-and-gas-industry-hit-the-point-of-no-return-california-globe/]" Here is the live link: https://www.youtube.com/live/9iQIhfX0ydM?si=82sbS7hGXOPeYNYV [https://www.youtube.com/live/9iQIhfX0ydM?si=82sbS7hGXOPeYNYV] Stories we covered today: 1.New York’s climate law will ration fossil fuels and tax the rations – David Wojick on CFACT [https://energynewsbeat.co/new-yorks-climate-law-will-ration-fossil-fuels-and-tax-the-rations-david-wojick-on-cfact/] 2.Venezuela is Suddenly Alone: Allies Step Back Amid Escalating U.S. Pressure [https://energynewsbeat.co/venezuela-is-suddenly-alone-allies-step-back-amid-escalating-u-s-pressure/] 3.ExxonMobil Looks Over Lukoil’s Iraqi Oilfield as U.S. Sanctions Finally Hit Home – What does this mean for Investors? [https://energynewsbeat.co/exxonmobil-looks-over-lukoils-iraqi-oilfield-as-u-s-sanctions-finally-hit-home-what-does-this-mean-for-investors/] 4.The Shift to Hybrid Cars is Moving in the US [https://energynewsbeat.co/the-shift-to-hybrid-cars-is-moving-in-the-us/] 5.OPEC+ Production Increases and Spare Capacity Audit – Oil Market Implications [https://energynewsbeat.co/opec-production-increases-and-spare-capacity-audit-oil-market-implications/] 6.Has California’s Oil and Gas Industry Hit the Point of No Return? – California Globe [https://energynewsbeat.co/has-californias-oil-and-gas-industry-hit-the-point-of-no-return-california-globe/] Shout out to our sponsor, Reese Energy Consulting. Check them out here: https://reeseenergyconsulting.com/ [https://reeseenergyconsulting.com/] Follow Michael On LinkedIn [https://www.linkedin.com/in/michaeltannersandstone/] and X [https://twitter.com/mtanner_1] Follow Stu on LinkedIn [https://www.linkedin.com/in/stuturley/] and X [https://x.com/STUARTTURLEY16] ENB Top News [http://energynewsbeat.co/top-news/?amp=1] ENB Podcast [http://energynewsbeat.co/industry-insights-2/?amp=1] ENB Substack [https://theenergynewsbeat.substack.com/] Oil & Gas Investing [https://energynewsbeat.co/invest] WANT TO GET YOUR STORY IN FRONT OF OUR MASSIVE AUDIENCE? GET A MEDIA KIT HERE. PLEASE HELP US HELP YOU GROW YOUR BUSINESS IN ENERGY. HTTPS://ENERGYNEWSBEAT.CO/REQUEST-MEDIA-KIT/ [https://energynewsbeat.co/request-media-kit/] We have specials going on, so ask Stu for details.