In this episode of Energy Newsbeat Daily Standup, Stu Turley and Michael Tanner break down the hidden costs and tax subsidies behind wind energy, highlighting Warren Buffett’s reliance on tax credits to make wind projects profitable, while consumers and taxpayers ultimately foot the bill. They contrast this with the lower cost of natural gas and new turbine technology, critique California’s EV credit policies under Governor Newsom, and cover geopolitical energy developments, including the U.S. blocking Iran-Iraq gas deals and Michigan’s Line 5 pipeline legal battles. The hosts also touch on market movements, rig counts, and Cord Energy’s Williston Basin acquisition, while emphasizing the value of diversifying through oil and gas investments with strong tax advantages.
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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/michaelta... and
Twitter: https://twitter.com/mtanner_1
Timestamps:
00:00 - Intro
00:12 - Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies
03:37 - Rising Natural Gas Costs Make Wind and Solar More Expensive, Too
06:49 - California Won’t Replace Expiring $7,500 Federal EV Tax Credit
09:15 - Iraq’s Gas Deal Through Iran Blocked by U.S.
10:58 - Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan
16:28 - Market Update
17:27 - U.S. Oil Rig Count Rises for Third Consecutive Week
17:46 - Frac Count Update
18:02 - Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m
19:14 - Outro
Links to articles discussed:
Rising Natural Gas Costs Make Wind and Solar More Expensive, Too
California Won’t Replace Expiring $7,500 Federal EV Tax Credit
Iraq’s Gas Deal Through Iran Blocked by U.S.
Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan
U.S. Oil Rig Count Rises for Third Consecutive Week
Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m
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