In this episode of the Energy Newsbeat Daily Standup - Weekly Recap Michael Tanner and Stuart Turley deliver a high-impact recap starting with the El Segundo Chevron refinery fire in California — potentially caused by an unconfirmed Venezuelan drone strike — highlighting its crucial role in supplying 40% of SoCal's jet fuel and gasoline. They dissect California’s declining refinery infrastructure under Governor Newsom’s policies and the national security risks involved. The discussion then pivots to skyrocketing AI-driven energy demand (55+ GW by 2030), investment plays in natural gas (Williams, EQT), and Berkshire Hathaway’s $10B acquisition of OxyChem. They close by spotlighting U.S. moves to secure tungsten supply from Rwanda, the Ambler Mining District road project, and the need for U.S.-based manufacturing to safeguard critical infrastructure.
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Timestamps:
00:00 - Intro
00:14 - Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike
04:06 - AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030
09:25 - Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals
19:30 - OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike
24:10 - The United States Has Begun Receiving Shipments of Tungsten, Straight from Rwanda, Bypassing China
26:41 - President Trump Approves a 211-Mile Road to Alaska’s Ambler Mining Distric31Outro
28:54- Outro
Links to articles discussed:
AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030
Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals
OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike
The United States Has Begun Receiving Shipments of Tungsten, Straight from Rwanda, Bypassing China
President Trump Approves a 211-Mile Road to Alaska’s Ambler Mining District
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