In this episode of Energy Newsbeat Daily Standup, Stuart Turley and Michael Tanner covered reports of a possible drone strike and fire at Chevron’s El Segundo refinery threatening Southern California’s jet-fuel supply, rising gas prices, and broader energy security concerns. It also discussed BlackRock’s $6 billion Allete utility acquisition, AI’s projected demand for 55 GW of new power capacity, a surge in copper prices from grid and AI growth, and the collapse of the Net Zero Banking Alliance amid political backlash and massive global costs. The team wrapped with insights on Chevron and Oxy asset sales, OPEC’s production dynamics, and a preview of an upcoming interview with General Flynn.
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https://www.linkedin.com/in/stuturley/ and
Twitter: https://twitter.com/STUARTTURLEY16
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Twitter: https://twitter.com/mtanner_1
Timestamps:
Highlights of the Podcast
00:00 - Intro
00:15 - Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike
04:07 - BlackRock’s GIP Wins Approval of $6 Billion Allete Deal – How investors look at the deal
07:20 - AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030
12:41 - AI Demand and Grid Upgrades Drive Fresh Copper Boom – What companies are potential good investments?
14:54 - Net-Zero Banking Alliance Folds After Mass Exodus by Members
20:52 - Markets Update
21:15 - OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver?
22:29 - Exclusive: Chevron puts $2 billion Colorado pipeline assets for sale, sources say
23:28 - Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals
32:29 - Outro
Links to articles discussed:
BlackRock’s GIP Wins Approval of $6 Billion Allete Deal – How investors look at the deal
AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030
AI Demand and Grid Upgrades Drive Fresh Copper Boom – What companies are potential good investments?
Net-Zero Banking Alliance Folds After Mass Exodus by Members
OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver?
Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals
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