The Global Oil and Gas Markets - The Commodities Super Cycle and Return to Tangibles

Wasif Latif, Co-Founder, President & Chief Investment Officer, Sarmaya Partners, stopped by the Energy News Beat Podcast again. This time, we covered the current events on the Strait of Hormuz and the impact of the Iranian war. It does not look like they will be going away quietly into the night and will want to cause damage to the global markets, as they were caught mining the Strait this weekend. We highly recommend following Wasif on his LinkedIn https://www.linkedin.com/in/wasiflatif/, and check out Sarmaya Partners https://sarmayapartners.com/1. The Return to Tangibles & Commodity Super CycleThe podcast opens with the central theme that the world is returning to tangible assets—commodities, real assets, and energy. Wasif Latif argues this is a multi-year secular trend that began in 2021, driven by inflationary pressures and geopolitical events. He believes we're in the early innings of a commodity super cycle that will last several years.2. Geopolitical Impact on Oil MarketsA major focus is the closure of the Strait of Hormuz and its cascading effects on global oil supply. The hosts discuss how this disruption has taken 10-20% of global oil supply offline, creating supply shocks similar to the 1970s. They explore how this affects different regions differently—the U.S. is relatively insulated (only 2% of oil comes from the Strait), while Asia faces acute challenges.3. Oil Supply & Demand ImbalanceThe podcast emphasizes that global oil demand continues to rise as developing nations grow economically, but investment in new oil exploration and production has stalled. They cite a $1-3 trillion shortfall in exploration spending needed to meet future demand. Oil prices may need to reach $100+ per barrel to justify new investment.4. U.S. Energy Independence & Refining CapacityDiscussion of America's shale revolution and recent developments like the new refinery in Brownsville, Texas (coming 2027) designed to process light sweet crude. The U.S. has increased production from 8 to 13 million barrels per day over a decade, but refining capacity remains a constraint.5. Stagflation Risk (1970s Scenario)The hosts warn of a potential stagflationary environment—where the economy stagnates while inflation remains high. They compare current inflation trends to the 1970s, noting that recent CPI and PPI data show concerning spikes. Unlike the 1970s, gas lines are unlikely due to improved energy efficiency, but widespread price increases across goods are expected.6. Strategic Petroleum Reserve (SPR) ReleasesDiscussion of coordinated global SPR releases as a stopgap measure to dampen oil prices. However, these are temporary solutions that buy time but don't provide permanent protection. The hosts note that countries like Japan, Korea, and India will likely rebuild their SPRs, creating additional future demand.7. Natural Gas as a Bridge Energy SourceNatural gas is positioned as a key transitional energy source, especially for data centers and AI infrastructure seeking low-carbon alternatives. The podcast explores how U.S. natural gas prices could converge with global prices as LNG export capacity expands, similar to how Brent and WTI oil prices have converged.8. Coal's Role in the Global Energy MixWhile Western nations have reduced coal usage, China and India continue heavy reliance on it as part of an "all-of-the-above" energy strategy. Germany's energy policy mistakes (shutting nuclear and coal, relying on Russian gas) are highlighted as a cautionary tale.9. Gold as Inflation Hedge & Currency ProtectionGold is analyzed as a beneficiary of both geopolitical tensions and sovereign debt pressures. The podcast argues that governments facing high debt levels will choose to protect bond markets over currencies, leading to currency depreciation and gold appreciation. Historical comparisons show gold's current bull market is still in early innings.10. The Yen Carry Trade & Financial Stability RiskDiscussion of Japan's bond market challenges and the "widow maker" trade. The hosts warn that if the Bank of Japan raises rates to combat inflation, it could trigger a yen appreciation that unwinds the massive yen carry trade, potentially causing a global equity market selloff.11. Silver's Dual Role: Precious & Industrial MetalSilver is highlighted as both a precious metal and critical industrial commodity for chips, solar panels, and AI infrastructure. Physical demand for silver is outpacing supply, with industrial companies now procuring directly from mining companies, suggesting the physical market will eventually drive prices higher.12. Geopolitical Negotiations & Market ImplicationsThe podcast discusses ongoing negotiations between the U.S., China, and Iran regarding the Strait of Hormuz. President Xi's statement about wanting the strait open without tolls is seen as positive. The hosts note that equity markets are already pricing in a resolution, suggesting the war is "over" from a market perspective.Key Takeaway:The overarching narrative is that we're entering a new era where physical commodities and real assets will outperform financial assets due to geopolitical tensions, supply constraints, inflation, and sovereign debt pressures—a return to the dynamics of the 1970s, but without the gas lines.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

We cover 9 huge stories today. We would like to take a moment to wish all of our great Veterans a Happy Memorial Day, who gave their all so we could be free. Getting to spend time with my 91-year-old Vietnam Vet Dad, who was the only one who came back from Vietnam from College his friends, is very much appreciated, and it helps me be more grateful for the currently deployed great members of our military.Make no mistake - if the deal is done without the Venezuelan-style controls in place, it just means that the IRGC will be back again like a bad dream or an ex-wife.1. Iran Nuclear Deal & Strait of HormuzThe podcast opens with discussion of potential negotiations between the US and Iran regarding the Strait of Hormuz. Key points include:President Trump's efforts to broker a deal that could reopen the strait for 30-60 daysConcerns about financial controls over Iranian oil to prevent funding of proxy fightersThe IRGC's establishment of the Persian Gulf Strait Authority and their territorial claimsLNG tankers turning off transponders and navigating around the strait2. US LNG Exports & Natural Gas DemandExtensive coverage of America's energy export capabilities:The US is now the world's top LNG exporter with 11.9-14.9 BCF per day in 2024-2025Projections show exports doubling to 30 BCF per day by 2050Major projects like Cheniere Energy's Corpus Christi expansionThe technology that shrinks natural gas molecules 600 times for transport3. AI in Oil & Gas IndustryDiscussion of AI's transformative potential:AI could unlock $500 billion for oil and gas producers by 2030Emphasis on the need for accountability, validation, and explainability in AI implementationReal-world example: ADNOC reported $500 million in AI-driven revenueThe importance of data orchestration and legacy system integration4. Germany's Energy Crisis & DeindustrializationCritical analysis of Germany's net-zero policies:Germany's decision to shut down nuclear and coal plants has backfiredReal GDP contracted 3% in 2023 and 2% in 2024Volkswagen considering closing three German plants with 30,000+ layoffsComparison to similar policies in California and New York5. Ukraine War & Russian Oil InfrastructureBrief coverage of ongoing conflict impacts:Russian Black Sea oil port attacked by dronesDiscussion of the need to end the Ukraine warCalls for Ukrainian leadership change6. Jamie Dimon's Economic WarningsDiscussion of JPMorgan CEO's concerns:$5-6 trillion in leveraged corporate debt facing refinancing challengesParallels drawn to 2005-2007 financial crisisConcerns about equity values and market stressCommentary on the Federal Reserve's role and structure7. Jones Act & US ShippingDiscussion of maritime policy:Jones Act waiver creating opportunities for foreign tankersNeed for US-built tankers and shipyardsCritique of relying on foreign solutions to domestic energy crises8. Permian Basin ActivityCoverage of oil and gas M&A activity:Deal-making surge in the Delaware BasinDevon Energy's major acquisition of undeveloped acresImportance of oil and gas royalties for local communities9. Stock Analysis & Market TrendsTechnical analysis of energy sector stocks including:Nano Nuclear Energy (NNE)Devon EnergyCheniere EnergyChevronLiberty EnergyExxon MobilThe podcast emphasizes energy independence, the importance of reliable energy sources, and skepticism toward certain net-zero policies while advocating for balanced energy solutions.1.Good News but not Final News on the Iran War and Re-opening of the Strait of Hormuz2.QatarEnergy’s Third LNG Tanker Exits the Strait of Hormuz Amid Fragile Diplomacy and Iranian Oversight3.What Does the Demand for Natural Gas and LNG Look Like for the Next 20 Years?4.AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability5.WSJ Writes – If the Road to Economic Hell is paved with Good Intentions, don’t expect to see German Cars driving on it6.Russia’s Key Black Sea Oil Port on Fire After Drone Attack: Grushovaya Terminal Hit in Latest Ukrainian Strike7.Jamie Dimon Warns of Serious Risks: US Economic Vulnerabilities, Fed Rates, Debt Refinancing Crunch, and Real Estate Implications8.The Jones Act Waiver has Turned Into a Boon for California at Our Nation’s Expense9.There’s a Party Going on in the Permian Delaware – Reese Energy ConsultingCheck out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

We had 9 big stories today on the Energy News Beat Channel. We have new trading blocs forming around the world, and where will your country end up? 1. Cuba's Energy Crisis & Socialism's FailuresThe podcast opens with Cuba's blackout crisis, where the communist government admits fuel shortages. The host uses this as a cautionary tale about socialist and democratic socialist policies, comparing it to energy challenges in states like California, Ohio, Virginia, and New York, which have 38% higher electricity prices than the rest of the US.2. UK's Oil & Gas Policy & Energy SecurityThe UK's decision to permanently ban North Sea oil and gas licenses is criticized as economically damaging. Despite 75% of UK energy coming from oil and gas, the country imports most of it rather than drilling domestically. The host argues this undermines energy security and will contribute to broader EU economic decline.3. UAE's Strategic Energy ExpansionThe UAE is accelerating oil export infrastructure after leaving OPEC, planning to increase capacity from 3.5 to 5 million barrels per day. This is framed as a model of energy security through strategic infrastructure investment.4. China-US Trade Relations & Energy AlignmentThe Trump-Xi meetings show potential alignment on energy and trade. The host predicts a reshaping of global trading blocks around energy, with the US, Russia, China, Saudi Arabia, Japan, UAE, and India forming a major bloc, while the EU, UK, and Canada fall behind.5. UN Climate Panel's Admission on Failed PredictionsThe IPCC quietly admitted that extreme climate doomsday scenarios driving climate policy and trillions in spending were unrealistic. The host criticizes this as wasteful and links net-zero policies to "Democrat Socialism."6. Data Centers & Water/Farm ProtectionThe surge in AI data center construction (especially in Texas) raises concerns about water depletion and farmland loss. The host advocates for data center development but demands accountability and protection of agricultural resources.7. Iran Conflict & Global Oil SupplyDrone strikes on Iranian oil facilities threaten global oil supplies. The host warns that if the conflict continues, the world will face severe energy shortages within weeks.8. NextEra Energy Potentially Acquiring Dominion EnergyThis utility merger is analyzed as a strategic response to unprecedented power demands from AI data centers, though the host expresses uncertainty about its long-term benefits.9. Political Engagement & VotingThe podcast concludes with a call for civic participation—voting, local involvement, and accountability from politicians regarding energy policy and infrastructure.Overall Theme: Energy security, the failures of socialist policies, the need for domestic energy production, and the importance of strategic infrastructure investment.1.As Cuba Falls into Darkness, People See How Communism and Socialism Cannot Keep the Lights On2.UK Moves to Ban New North Sea Oil and Gas Licenses Permanently – UK Deindustrialization and further fiscal failure on the horizon3.The UAE is Doubling Down On Exports Around the Strait of Hormuz4.Who are the Winners and Losers from the China-US Meetings?5.UN Climate Panel Quietly Admits Its Doomsday Climate Scenarios Were ‘Implausible’ – How much money has been spent on Net Zero because of lies?6.The data center doomers must be defeated – But not at the cost of our family farms and water7.Iran Attacks UAE Nuclear Plant: Drone Strike Hits Barakah Facility Amid Escalating Tensions8.NextEra Energy is possibly in Discussions to Acquire Dominion Energy: What does this mean for Consumers and Investors?9.AI Investments Keep Lining Up, But Are We Sure About Returns?Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Alina Voss from NX Atomics stops by the Energy News Beat PodcastThe title “The Math Ain't Mathing: Why America Needs Nuclear Now” was derived from a comment Alina made on the podcast. I was very impressed, and as we talked, she made some great points. I am going to follow up with her company and introduce them to some folks.We need to have more nuclear reactors online tomorrow, and we need real solutions.1. Small Modular Reactors (SMRs) and NX AtomicsThe core focus of the conversation centers on NX Atomics’ development of small modular nuclear reactors. Key points include:NX Atomics aims to produce the cheapest SMRs on the market (targeting $20 per megawatt hour vs. $90 for traditional Gen 3 reactors)They’re targeting a prototype by 2030 and first-of-a-kind deployment in the early 2030sThe company employs German nuclear engineers with 10-15 years of research backgroundThey’re using innovative 3D metal printing technology to manufacture reactor components more efficiently and affordably2. Data Centers and Energy DemandA significant discussion about the explosive growth of data centers and their energy requirements:Data centers are increasingly competing with farmland for space in the MidwestTexas ERCOT has 220 gigawatts of applications for new data center power, but only 54 gigawatts of peak capacityData centers are using eminent domain to acquire land, displacing long-time residentsSMRs and data centers are positioned as complementary solutions (”go together like PB&J”)3. Nuclear Energy’s Public Perception and MarketingAlina discusses the challenge of rebranding nuclear energy:Older generations associate nuclear with bombs and warGen X often thinks of disasters (Three Mile Island, Fukushima, Chernobyl)Younger generations, especially men, are more pro-nuclearLiving near a nuclear plant exposes you to less radiation than eating a banana annuallyNuclear plants have high approval ratings among nearby residents4. Energy Policy and SubsidiesCritical examination of current U.S. energy policies:Wind and solar have been artificially inflated by subsidies and can’t compete on their own meritsWind turbines last only 8 years; solar panels last ~15 years and 95% end up in landfillsThe farm bill subsidizes ethanol, which is counterproductive (takes more energy to produce than it yields)Ethanol damages vehicles and reduces fuel efficiency by ~4 miles per gallonThe need to reform subsidies to support more sustainable, long-term energy solutions5. Global Energy Competition and ChinaDiscussion of geopolitical energy dynamics:China is rapidly expanding nuclear capacity (50+ reactors with 20+ more planned)The U.S. has 94 reactors and is falling behindIP theft and supply chain vulnerabilities are critical concernsEnergy independence and dominance are central to future global competitivenessSecretary Chris Wright’s pro-nuclear stance is seen as crucial for U.S. energy policy6. Transmission Infrastructure and Grid ChallengesThe underlying infrastructure problem:Aging transmission infrastructure is a bottleneck for moving power from generation to demandThis is a bigger issue than just generation capacitySMRs offer distributed generation that can bypass some transmission challenges7. Regenerative Agriculture and Land UseBrief but important discussion about sustainable farming:Current agricultural policies favor monoculture corn production with heavy chemical inputsRegenerative agriculture and sustainable land management are better for both economics and healthThe tension between subsidizing farmland for food vs. for energy productionWe are seeing that Data Centers, AI, Wind, Solar, and Agriculture are more closely aligned than you can imagine. Land and water grabs are ongoing in the U.S., and they are second only to the political corruption we are seeing in our systems.We covered the Levelized Cost of Energy and the importance of its design. I loved the fact that they are 3D printing and getting the system designed faster rather than laterCheck out their website: https://www.nxatomics.com/Connect with Alina on her LinkedIn here: https://www.linkedin.com/in/alinavoss/It would be fun to get Alina and Grace Vanderhei (Stankie), who was on the podcast as a former Miss America and a nuclear engineer, together to discuss the future of nuclear.This week, I reached out to John Rich to get him on the podcast. While it is a long shot, we need all of the air cover we can get to protect our farmers, farmland, and people's homes from the Wild West of Data centers being overrun by eminent domain on people’s homes and farms.We need more future leaders and companies like Alina and NX Atomics.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Jon Brewton, CEO, Data2, stops by, and we talk about accountability.The negative issues we are facing about Data Centers and AI are hitting the front pages, and we need accountability for AI. We also need accountability for local politicians and all elected officials.Jon just presented right behind the Head of AI in Energy for Microsoft in an AI presentation. There were several key points in the Microsoft presentation that there was no company that could scale accountability across disparate systems. After Jon presented, the Microsoft presenter came up and said you may be the only company in the world that can provide accountability across disparate systems at scale. This is huge.When the AI lead presenter comments, “Your presentation just dispelled everything that I said that there is no accountability in AI.” This is critical.1. AI in the Energy IndustryThe conversation centers on how artificial intelligence is transforming the energy sector. While AI is positioned as a major strategic opportunity, there’s a critical distinction between AI being impressive and AI creating real, measurable business value. The speakers emphasize that many companies are investing heavily in AI without seeing corresponding productivity gains.2. The Hallucination Problem & AI ValidationJohn Bruton discusses Data Squared’s patented solution for addressing AI “hallucinations”—instances where AI systems generate plausible-sounding but incorrect information. The core issue is that AI without validation and cross-checking is worthless. The patent focuses on creating explainable, trustworthy, and auditable AI results, allowing organizations to “lift the hood” and see exactly how the system is reasoning.3. Data Integration & Legacy SystemsA major challenge in the energy industry is connecting disparate, fragmented systems that have accumulated over decades. The speakers highlight a real-world example where an oil company with eight acquired subsidiaries had billing processes taking 2 months; using Data Squared’s solution, they reduced it to 2 minutes with verification. The key insight: you cannot create sustainable AI value without solving structural data integration problems first.4. The Four Major AI MisconceptionsLLMs aren’t the solution: Large language models (ChatGPT, Gemini, etc.) are only a small component; the real challenge is data orchestration, context continuity, and workflow integrationMore data ≠ better AI: Simply aggregating all available data doesn’t improve AI; inconsistent definitions and siloed information actually create problemsInfrastructure forecasting is based on promise, not proven demand: Data center expansion is being driven by theoretical AI adoption, not current production-grade deploymentsAI should augment humans, not replace them: The goal should be human-machine collaboration, not automation that eliminates jobs5. Data Center Infrastructure & Eminent DomainThe conversation addresses growing public concern about large data centers being built on private land. The speakers propose an alternative: small-scale, distributed data centers connected via mesh networks, placed next to existing energy sources (stranded gas, geothermal, etc.). This approach could:Reduce infrastructure footprint by ~90%Cut upfront capital costs by ~90%Reduce energy consumption by ~90%De-risk infrastructure at scale6. Federal Government & Legacy SystemsData Squared is working with federal agencies (DoD, VA, FBI) to integrate decades-old systems. The VA alone has operated systems from 1947, 1956, 1963, and the 1980s—all disconnected. The speakers emphasize that government is “probably the worst offender” for unintegrated legacy systems.7. Nuclear Energy & AI IntegrationThe speakers discuss the growing role of nuclear power (including small modular reactors) in supporting AI infrastructure. They emphasize that nuclear applications require absolute reliability, transparency, and auditability—making Data Squared’s approach particularly valuable.8. ROI & Business ValueA recurring theme is the CEO question: “I’m spending millions on AI—where’s my return?” The speakers argue that with proper validation and integration, AI can deliver measurable bottom-line value, but only when the structural data problems are solved first.This is huge, with accountability, AI can be rolled out, and we need accountability across AI and the political landscape.As I mentioned in my last SubStack article, we need political accountability at the national, state, and local levels. Get involved and help provide accountability at the local levels, and keep us posted.We need data centers rolled out responsibly and not hurting consumers. With accountability, this can be done.We have several more topics and interviews with Jon and other CEOs in the AI and Energy space on the drawing board, covering nuclear, natural gas, midstream, downstream, oilfield services, exploration, and especially utilities.Connect with Jon on his LinkedIn, and tell him Stu sent you. https://www.linkedin.com/in/jon-brewton-datasquared/Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. https://data2.zoholandingpage.com/energySubstack article https://theenergynewsbeat.substack.com/p/ai-with-accountability-why-validation

It was a wild day on the Energy News Beat News desk today, and we have John Rich getting into the AI and Data Center rumble in Georgia Power. We love John Rich, and when we saw that he was jumping into the mix, we had to find out what was going on. It was a wild day on the Energy News Beat News desk today, and we have John Rich getting into the AI and Data Center rumble in Georgia Power. We love John Rich, and when we saw that he was jumping into the mix, we had to find out what was going on.This is a huge story in the United States, and I am getting some bad feelings about the amount of water and eminent domain tricks that are starting to be pulled. Get involved locally, and keep us posted.1.What is Going On with Georgia Power and Data Centers?2.As Diplomacy Falters, Who Will Blink First and Next Steps?3.Top Asian LNG Markets Boost Coal Use as Iran War Limits Supply4.Australia Doomsday Scenario Sees Oil Hit $200 on War Escalation5.Trump Administration Releases More SPR Oil to Help Oil Market and Consumers6.China’s Teapot Refiners Slash Output as Hormuz Crisis Crushes Margins7.“Normalize” in the context of Aramco CEO Amin Nasser’s statement refers to the global oil/energy market fully rebalancing and stabilizing and not till 20278.Global Supply Shock Reignites Oil Exploration Boom9.The California refinery crisis is a national security risk for America10.“Normalize” in the context of Aramco CEO Amin Nasser’s statement refers to the global oil/energy market fully rebalancing and stabilizing and not till 2027Check out the Energy News Beat Show Notes at https://energynewsbeat.com/Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Have you ever seen one of my favorite movies, Groundhog Day? I feel like that right now as we are trying to report on the global energy crisis, and daily it is the Strait is open, ....closed,,, open,,, closed, .... Dolphins ,,, wow. 1. Iran-U.S. Military Escalation in the Strait of HormuzThe podcast opens with coverage of Iran seizing an oil tanker and attacking U.S. forces in the Strait of Hormuz. Three U.S. Navy destroyers (Truxin, Rafael, and Mason) were transiting the strait when Iranian forces fired missiles, drones, and deployed small boats. The host also mentions a large oil slick near Karg Island, suggesting Iran may be deliberately releasing millions of barrels of oil into the Persian Sea—creating an ecological disaster.2. Iran's Rail Corridor to ChinaDiscussion of the Xi'an to Tehran rail corridor as an alternative to maritime blockades. Cargo train frequency has surged from one per week to one every 3-4 days since April, with freight rates climbing around 40%. However, the host notes this won't significantly replace oil exports since it would take 7,000-8,000 tankers to equal a single VLCC (very large crude carrier).3. Venezuela's Economic and Infrastructure CrisisMultiple stories cover Venezuela's failing electrical grid, which is operating well below capacity and causing widespread blackouts. The host discusses Venezuela's exploitation by China (being forced to sell oil at deep discounts while buying overpriced goods) and rehabilitation costs estimated at $15 billion over three years.4. Venezuela's Stranded Natural Gas DevelopmentShell is exploring development of Venezuela's offshore natural gas resources (Dragon Gas Field with 4.2-4.5 trillion cubic feet) to be routed through Trinidad and Tobago's infrastructure, potentially under OFAC sanctions relief programs.5. Nuclear Energy RevivalConstellation Energy is restarting the Three Mile Island nuclear plant to meet booming AI-powered electricity demand. The host advocates for restarting other nuclear facilities, particularly in California.6. BP's Strategic Pivot Away from Clean EnergyBP is selling stakes in UK carbon capture projects, signaling a return to focus on core oil and gas operations. The host notes this reflects a broader pullback by major oil companies from clean energy spending.7. Virginia's Carbon Market (RGGI)Criticism of Virginia's participation in the Regional Greenhouse Gas Initiative as a "wealth transfer" that will increase utility bills for ratepayers, comparing it unfavorably to California's bullet train project.8. Critical Minerals Independence from ChinaCrucial Metals Corp has secured approval to acquire a 70% stake in Greenland's Tan Breeze rare earth deposit, featuring low radioactive elements and representing a significant step toward reducing U.S. dependence on Chinese critical minerals.9. Cheniere Energy's Financial CollapseCheniere Energy reported a shocking $3.5 billion net loss in Q1, swinging from a $335 million profit year-over-year, causing shares to plunge 10%.10. Geopolitical Strategy and ControlsThe host concludes with commentary on the need for "Venezuelan-style controls" on Iran to prevent funding of groups like the Houthis, arguing that without such controls, the Iranian IRGC will continue destabilizing activities.1.Iran Seizes Oil Tanker and Attacks US Forces in Strait of Hormuz: Escalation Threatens Fragile Ceasefire and Global Oil Flows2.How Effective is the Iran Back Door Rail Line to China?3.Venezuela’s Faulty Power Grid May Set Back Economic Comeback4.Will Venezuela Export Stranded Gas through Trinidad?5.Three Mile Island Nuclear Plant Set to Restart Amid Booming AI Power Demand6.BP to Sell Stakes in UK Carbon Capture Projects, Getting Back to Basics7.Virginia’s Carbon Market is a Wealth Transfer the Democrats are Trying to Hide8.US Secures Greenland Critical Minerals9.Cheniere Sags on Surprise $3.5 Billion LossCheck out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

You will NOT want to miss this episode of the Energy News Beat Global Oil and Gas Markets Update with our special guest Doomberg. We were live on LinkedIn and YouTube, and we had some great questions.We highly recommend subscribing to Doomberg's Substack at: https://newsletter.doomberg.com/1. Geopolitical Conflict & War ResolutionThe primary focus is on the potential end of the Middle East conflict (referred to as "World War III"). Doomberg argues that multiple signals suggest the war is concluding, including:An aircraft carrier leaving the GulfTrump's planned visit to BeijingGold trading patterns showing inverse correlation with war escalationDiplomatic activity (Iranian Foreign Minister visiting Oman, St. Petersburg, and Beijing)Market behavior suggesting peace is being priced in2. Global Energy Markets & Oil PricingExtensive discussion about oil market dynamics:Oil price projections (ranging from $50-$100+ per barrel)The impact of the conflict on global oil supplyStrategic Petroleum Reserve refilling strategyCalifornia's diesel crisis and energy independence issuesThe role of OPEC and its members (particularly UAE's exit)3. Global Realignment & New Trading BlocsThe emergence of new geopolitical alliances based on energy policies:A potential new world order with the US, Saudi Arabia, Qatar, UAE, India, China, and RussiaThe contrast between energy-friendly nations and "net zero" countries (EU, UK, Canada)The UAE's positioning as closer to Israel/US interestsIran's strengthened regional position4. UK Political PredictionsA bold prediction that Ed Miliband will become Prime Minister, based on:Current Labour Party vulnerabilitiesScandals affecting other potential successorsThe contrast between energy-knowledgeable leaders (like Liz Truss) being removed from powerMiliband as the "cleanest dirty shirt" in London politics5. Energy Policy & DeindustrializationCriticism of net-zero policies in Western nations:UK banning North Sea drilling while Norway increases productionEU energy policies creating dependencyWindfall profit taxes discouraging energy productionCalifornia's refinery closures creating fuel shortages6. Currency & Financial System ChangesDiscussion of potential shifts in global monetary systems:Possibility of Russia and China backing currencies with goldThe weaponization of the US dollar through sanctionsChina's blocking statute against US sanctionsThe end of the post-WWII order7. Personal Preparedness & Energy SecurityPractical discussion about:Home energy independence (solar, batteries, propane generators)Preparedness for grid outagesThe importance of self-sufficiencyCommunity resilience8. Media & MisinformationCommentary on:Fake Doomberg accounts on social mediaMainstream media coverage vs. open-source intelligenceThe role of Substack in bypassing traditional media gatekeepingPodcast listener metrics and platform independenceThe conversation weaves these topics together to paint a picture of a world transitioning from a US-dominated unipolar order to a multipolar system where energy policy and geopolitical alignment will be central to global power dynamics.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

Chris Johnson, President of the American Energy Leadership Institute, stops by the Energy News Beat podcast.What a great conversation, and you will recognize Chris from his many interviews. I have seen him on Mornings with Maria, and he's all over the map. It is very encouraging to have young leaders trying to help with Energy Dominance and to be able to articulate the messaging to everyone. He is spot on and has a plan. Take notes, as you will be seeing a lot more from Chris in the future.He will be on Mornings with Maria this Friday, and you will want to connect with Chris Johnson on X @CJohnsonAELI. They are upgrading their site; check it out soon. https://theenergyleadershipinstitute.org/1. Energy Dominance & ExportsThe conversation centers on how energy dominance is achieved through exports. The hosts discuss how the U.S. is now exporting more oil and LNG than Saudi Arabia and Russia combined, with tankers lined up in the Gulf. They emphasize that energy security starts at home, but dominance is displayed through exports.2. LNG Export Policy & Biden Administration RestrictionsChris Johnson discusses the Biden administration's LNG export pause, which limited the ability to build new export terminals. He contrasts this with the current administration's pro-energy stance, noting that American LNG is cleaner than alternatives and often replaces dirtier fuels globally.3. Net Zero Policies & Their Unintended ConsequencesA major theme is the critique of net zero and deindustrialization policies in Europe, Canada, and the UK. The speakers argue these policies have paradoxically increased emissions by offshoring production to dirtier countries like China and India, rather than reducing them. They advocate for environmental stewardship paired with economic growth.4. California's Energy CrisisThe podcast addresses California's severe energy crisis—including potential $10 gasoline, refinery closures, and import restrictions on refined fuels. They attribute this directly to state policies (mandates and bans) rather than market-based solutions, and discuss potential federal intervention using the Defense Production Act.5. Texas as a Model for GrowthTexas is highlighted as a successful counterexample, being the fastest-growing clean energy economy while allowing market-driven development and private land use without excessive regulation.6. Geopolitical Energy OpportunitiesThe discussion covers opportunities in:Venezuela: Chevron reaching 1.1 million barrels per day; potential for refinery developmentIran: Potential Venezuelan-style sanctions controls to prevent funding of terrorist proxiesCanada: Keystone XL pipeline expansion adding ~500,000 barrels per day of oil sands productionMiddle East: Shift toward U.S. partnerships through the Abraham Accords7. Technology & Innovation in EnergyTopics include:Advanced manufacturing and data centers requiring massive energyNuclear energy adoption by Saudi ArabiaSolar technology cost curves and domestic productionAI dominance tied to energy dominanceOrbital data centers and space-based energy solutions8. Oil Field Services & Technology ExportsThe speakers emphasize exporting U.S. expertise in shale drilling, horizontal drilling, and fracking technology to other countries, particularly in the Middle East, as part of energy dominance strategy.9. Election & Political EngagementDiscussion of voter turnout efforts (Scott Pressler), the importance of the SAVE Act for election integrity, and potential political shifts in states like California and Oregon.10. Private Land Ownership & Energy ProductionA key insight: 50% of U.S. oil is drilled on private lands, which is why the U.S. leads in shale innovation—private ownership incentivizes efficient production and technology development.The overarching theme is that energy policy drives economic growth, environmental outcomes, and geopolitical influence, and that market-based solutions outperform mandates and bans.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that they hit a US ship, but they did not.It will be interesting to see what the breaking point of the Gulf Nations is, and when they start attacking Iran’s oil infrastructure. The drone strikes were on the pipeline that bypasses the Strait of Hormuz, and it was not damaged too badly. We are currently trying to obtain the assessments. 1. Middle East Geopolitical Tensions & Energy SecurityIran’s drone strikes on UAE: A drone strike hit the Fahoya Oil Institute Zone in the UAE, originating from Iran, causing a fire with no injuries reportedStrategic implications: The strike occurred within drone distance of the Strait of Hormuz, a critical chokepoint for global oil suppliesU.S. military response: Project Freedom launched to escort tankers through the Strait; approximately 150 tankers are waiting to transit2. Global Oil & Energy MarketsSupply disruptions: ~9-8 billion barrels of oil are missing from the market, which theoretically should push oil prices to $140, but they’re trading around $113-117Physical vs. paper prices: A critical mismatch exists between physical delivery prices ($147-200) and paper prices, which will eventually convergeTanker movements: Russian oil arriving in Japan; Iraqi/Iranian oil arriving in California3. Energy Geopolitics & Currency DynamicsUAE leaving OPEC: The UAE is pursuing currency swap agreements with the U.S., signaling a shift toward petrodollar trading relationshipsStrategic alliances: Japan’s Prime Minister securing Russian energy supplies; Italy deepening ties with Azerbaijan for natural gasU.S. petrodollar dominance: Discussion of how the U.S. maintains control over major oil-producing nations through currency arrangements4. Renewable Energy & Infrastructure ChallengesOffshore wind project disputes: GE-Vernova challenging Vineyard Wind’s claims, highlighting subsidy dependency and profitability concernsItaly’s energy mix: 35% natural gas, 41% renewables (but unreliable at night due to storage limitations)Subsidy concerns: Without subsidies, renewable projects become unprofitable5. EV Market Correction & ManufacturingNissan’s pivot: Abandoning EV production in favor of trucks and SUVs due to waning demandU.S. manufacturing resurgence: Manufacturing jobs returning to the U.S., particularly in MississippiConsumer preferences: Americans prefer traditional vehicles for long-distance driving6. Corporate Performance & Stock AnalysisCaterpillar’s strong earnings: Q1 2026 sales up 22% to $17.4 billion; profits up 30%, driven by AI data center demandEnergy sector stocks: Analysis of Cheniere Energy, Valero, and ExxonMobil trading patternsMarket uncertainty: Sideways trading as investors assess geopolitical impacts7. California Energy Policy CritiqueRegulatory barriers: Governor Newsom’s policies making it expensive to drill domestically, forcing California to import crude from Iraq/Iran and BrazilPermitting delays: Only 4 permits issued for 2,000 planned wells as of May 5thEnvironmental irony: Domestic restrictions leading to increased rainforest destruction in BrazilThis is a comprehensive energy news briefing covering geopolitical risks, market dynamics, policy impacts, and corporate performance in the energy sector.1.Fujairah confirms FOIZ fire after drone strike, and Gulf States may prepare a response2.U.S. Military Supports Launch of Project Freedom in Strait of Hormuz3.UAE Leaving OPEC and Talking with US about Currency Swap: What Does That Mean?4.Russian Oil Arrives in Japan Amid Supply Strains5.Italy Looks for Closer Ties with Azerbaijan in An Energy Push6.Italy Looks for Closer Ties with Azerbaijan in An Energy Push7.GE Vernova Challenges Vineyard Wind’s Claims of Harm8.Reality Just Slammed into Nissan: They Ditch EVs and Redirect Focus to Trucks, SUVs in Mississippi9.CAT has positive earnings and a path for growthCheck out https://theenergynewsbeat.substack.com/p/levelised-cost-of-energy-models-areCheck out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/