In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley break down why California's energy policies—closing refineries, importing Russian and Iraqi oil, and boosting prices—pose a national security risk while ironically funding the Russia-Ukraine war. They also unpack the "One Big Beautiful Bill" narrowly passed by the Senate, calling it a mixed bag that guts renewable incentives but offers fossil fuel benefits and some tax reforms. They close by warning of looming energy crises tied to California's refining collapse, global oversupply, and incoming carbon taxes targeting U.S. oil producers.
Highlights of the Podcast
00:00 - Intro
01:14 - California is a National Security Risk, Funding the Ukrainian/Russian War, and Closing Refineries in California
03:33 - California Helps Iraq Claim Top Spot Among OPEC Crude Oil Suppliers to the United States
06:10 - One Big Beautiful Bill Passes Senate: A Mixed Bag for Energy with Renewable Incentives Gutted
12:32 - Markets Update
15:49 - Outro
Please see the links below or articles that we discuss in the podcast.
California Helps Iraq Claim Top Spot Among OPEC Crude Oil Suppliers to the United States
One Big Beautiful Bill Passes Senate: A Mixed Bag for Energy with Renewable Incentives Gutted
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