Sanctions don’t work as intended - Irina Slav - and boy is she right as usual. President Trump is about to step into a pile of Tariff-poo, and that is a technical term.
His advisors are ill-informed on the Russia solutions, while his domestic team is on target and running smoothly. We have the greatest leadership team in energy history has ever seen.
We have several stories we are working on, including those related to land reclamation, oil and gas, and the challenges of achieving Net Zero.
President Trump’s speech on AI is expected to be interesting, and we are monitoring the updates to the grid and data center involvement. Stu is Interviewing Jay Yu, Founder, Nano Nuclear Energy, today for a podcast release next week. And we will be covering the impact of the Big Beautiful Bill on Nuclear. Chart for Nano Nuclear below.
Daily Standup Top Stories
Trump to Outline AI Priorities in Speech Next Week: Implications for Energy and Grid Reliability
In a highly anticipated address set for July 23, 2025, President Donald Trump will deliver a speech titled “Winning the AI Race,” hosted by White House AI and crypto czar David Sacks alongside cohosts from […]
Trump’s “Major Statement” On Russia Is A Clumsy Attempt To Thread The Needle
This article is from Andrew Korybko’s Newsletter on Substack. He sent it to me, and after reviewing it, I think he is right. President Trump’s domestic advisers are on fire, on target, and executing his […]
Russia Crude Shipments Gain Ahead of Trump’s Sanctions Threat
As the global energy market navigates geopolitical tensions, Russia’s crude oil shipments have shown a notable rebound in recent weeks, even as the shadow of potential new U.S. sanctions looms large. With President Donald Trump […]
Peak Oil Not on the Horizon, as Global Oil Consumption Reaches an All-Time High
In an era where headlines often trumpet the impending demise of fossil fuels, the reality on the ground tells a different story. Global oil consumption shattered records in 2024, climbing to 101.8 million barrels per […]
ExxonMobil Borrows from SPR Due to Crude Quality Issue
In a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality […]
Highlights of the Podcast
00:00 – Intro
00:15 – Trump to Outline AI Priorities in Speech Next Week: Implications for Energy and Grid Reliability
03:50 – Trump’s “Major Statement” On Russia Is A Clumsy Attempt To Thread The Needle
06:43 – Russia Crude Shipments Gain Ahead of Trump’s Sanctions Threat
07:37 – Peak Oil Not on the Horizon, as Global Oil Consumption Reaches an All-Time High
12:46 – Market Updates
14:56 – ExxonMobil Borrows from SPR Due to Crude Quality Issue
17:19 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Michael Tanner: [00:00:00] Why Russian crude prices surged ahead of fresh new U.S. Sanctions. Next, on the Energy Newsbeat Daily Standup. [00:00:07][7.4]
Stuart Turley: [00:00:15] Trump to outline AI priorities in a speech next week. What implications for energy and the grid reliability? This is a huge story, Michael. In a highly anticipated address for set for July 23rd, 2025, President Trump will deliver a speech titled, Winning the AI Race hosted by the White House AI and Crypto czar, David Sachs, along co-host from an all-in podcast. That’s pretty darn cool. But let’s get in here You also have Secretary Doug Burgum on a X-post, big news for America Future, $90 billion in AI and investments for new data centers that’s going on. You’re taking a look at the Trump tariffs have brought in an enormous amount of money, but this is all in on data centers and grid reliability. However, Trump’s subsequent action suggest a continuation of his pro-innovation standards, potentially building or reshaping these efforts. The DOE has been at the forefront of these initiatives. I gotta hand it to the DOE. Michael, we talked about their report on how they are talking about grid stability. Remember we talked about having only. 20 new gigawatts of either nuclear or natural gas with another, what, 200 of wind and solar. They got a real problem. And so this is going to be critical as we take a look at this. I got to hand it to the DOE. They recognize it’s a problem and Chris Wright is handling it. [00:01:49][93.8]
Michael Tanner: [00:01:49] Yeah, I completely agree with you. I think it’s great that they’re taking AI seriously. You know, I do, you know, it is interesting that it’s all aimed at its rivalry with China, as in now all of a sudden, since, you know, we always got to make sure we, we, we have an enemy somewhere because if we don’t have an enemy somewhere, well, where would we spend, where, where would we spent all our weapons technology? Where? You know, Raytheon wouldn’t get a, get a stock upgrade every six months when they released earnings. So I, I do, I, you know, I wow. So I say all that just to say I’m all in on this. No pun intended. I’m not the biggest all in podcast guy. Scammer, Pollyopatia is not my favorite dude from, from that standpoint. But I do think that this idea of taking AI seriously is critical, but I We need to take it seriously. For our own reasons, not just do this, compete with China. And that’s where I think a lot of this AI leadership comes in. It gets a little bit wonky because go back to what I said. They’re looking at a way to always make sure we’ve got a big bully that we can fight and spend hundreds of billions of dollars on defense so that our big four primes can have a great quarterly earnings report. I do think from the DOE standpoint, as you mentioned, it is really helpful to it is, really helpful that we’re taking this seriously because AI is going to cause a strain on the grid. So if you are talking about how to win the AI race, you really should be talking about, how to when the energy race it’s that really comes before all of this stuff and you know. [00:03:27][97.4]
Stuart Turley: [00:03:27] Yep. And that’s exactly what I mentioned in here, Michael. I’m interviewing J.U. Fount tomorrow and he is the founder of Nano Nuclear Energy and he’s been on CNBC and a few others and he he’s a cool cat. This will be his second interview. So when we get CEOs that come back, it means that they actually see value in coming on the podcast. So that’s pretty cool. We love it. All right. What’s next? Let’s go to this next story. This one’s from Andrew Coriobocco. Trump’s major statement on Russia is a clumsy attempt to thread the needle. Michael, this article from his substack, he sent it to me and said, what do you think? And I said, well, after reviewing it, Andrew, I think you’re quite right. And that’s why I went ahead and published it. It is a validation of our article that we had yesterday, which was very important. And it is the major statement on Russia that Trump earlier hyped up and turned out to be a clumsy attempt to thread the needle between radically escalating U.S. Involvement in the Ukrainian conflict and walking away from it. His new three-prong approach includes with a rapid dispatch of up to 17 Patriot missile systems, two more arms sale than NATO countries who in turn transfer them to Ukraine and three up to 100% secondary sanctions on Russia. Let’s take these bit at a time. I talked about it yesterday, you talked about it yesterday. The 100% secondary actions on LNG and crude oil on India and China will be a disaster for the Trump administration. His domestic advisory team and his secretaries running the US domestic policy are on fire, they’re on target, and they know what they’re doing. His In fact, they’re on the USS Mino, and they went for a three-hour cruise, and I think they just picked up the Ukrainian SEALs that blew up the Nord Stream. Trump’s attempt to thread the needle therefore isn’t just clumsy but it could also majorly backfire. This is a validation to my other point that I made yesterday and that was this could win the midterms. It’s that bad, Michael. [00:05:41][134.5]
Michael Tanner: [00:05:42] I think you’re absolutely right. Trump has fumbled Russia and that’s the crazy part about all of this. I mean, let Trump bills himself as art of the deal. I can get along with everybody and he’s, this is the art of how not to enforce a deal because you know, Putin is basically like, who is this guy? This is not the guy that I thought I’d be negotiating against. Trump’s a little bit all over the place. We don’t even have to get into the Epstein stuff, which I think is a whole another can of worms out there. That we’ll leave aside. Point of the matter is, I completely agree with Andrew’s newsletter here. I’d highly recommend you following it on SubSec. And quite frankly, it’s a little disappointing and what we’ve gotten to, relative to at least what we were- [00:06:22][40.0]
Stuart Turley: [00:06:23] It is. And here’s the sad part. I had all these interviews with George McMillan that went nowhere. We know that people in the administration absolutely read his material, and George was right all along. And so now I’m sitting over here going… Guys, I bet we’ve had solutions for six months, but let’s go to this next story here, Michael. Russia crude shipments that gain ahead of the Trump sanctions threat. Listen to this. Russia’s seaborne crude exports climbed to their highest level in nearly a month, averaging 3.23 million barrels per day in the four weeks ending July 13th. Talk about the day of validation. This could almost be like a movie plot. The energy news beat gets validated and not a parking ticket, but we get validated for what we’re writing. Trump’s Sanquan and ultimatum is an immediate context. And you sit back and take a look at 2025. Look at the chart in this article, USA LNG, and they’re still buying Russian LNG and natural gas through the pipelines. It’s just amazing. And when they try to, what happens when they get rid of it? Deindustrialization. I’m gonna go to the last story here for fun. Peak oil, not on the horizon as global oil consumption reaches an all-time high. Michael, I had a blast writing this one. Look at the chart on this bed. Global oil consumption, 1965 to 1924 and it’s keep on going. Far from fading, oil’s dominance persists, challenging narratives from a swift transition away from hydrocarbon, shifting trends in fossil fuels, natural gas on the rise, oil steady, coal resurgent, coal is king again. But listen to this, there’s one line in here. We have never been in an energy transition, we’ve only been in a expensive energy addition. Stutterly. Wow. [00:08:23][119.7]
Michael Tanner: [00:08:24] On mute on there. Oh, mighty man. Of course. It’s like we’re back in 2020. Hey, you’re on mute. Knock, knock, knock. You’re on. Mute you. This is a great article because I think what this shows you is the two competing, a great friend who we’ve done a lot of work for Tisha Schuller. She’s got this idea. Two things can be true at the same time. Right. I love that phrase and I use it often because two things can be true. We can have global consumption at all time highs, but we can also be at a where we’re in an undersupplied market and what you’re showing here is that the global oil consumption balance with where supply is shows you that that’s true, but also peak oil is not going anywhere. Now, is the growth of oil production going to roll over? Well, absolutely. Is United States oil production, going to role over? Yeah, I could make an argument that U S production might fall year over year, right? It might, but you have to look at a AcroVue oil is a global commodity traded, you know, if you’re in Hawaii, you don’t touch American oil, especially if you are in California, you, you know, outside of Newsom’s hair gel, you do not touch American products. [00:09:33][69.0]
Stuart Turley: [00:09:34] He touched 2% of Alaskan oil. [00:09:36][1.9]
Michael Tanner: [00:09:37] That’s it. Absolutely. So I think this is a great overview of kind of showing like two things can be true here and it’s going to be very interesting, I think, to see see what comes of this as and that’s the funny part is you’re not hearing anybody yell peak oil right now. You would think people are pounding the table in this very moment talking about people. Well, they’re not what they’re talking about is a slight decline in US shale. But that doesn’t mean the rest of the world is not going to continue to pound the table for this stuff. [00:10:05][28.1]
Stuart Turley: [00:10:05] No. And so as you’d sit back and take a look, I did mention in there, why did EVs not take away more demand? It’s the old hybrid will. Hybrids will have more impact on demand on gasoline and eventually diesel when the big hall machines ever get to a hybrid facility. But I think we’ll see LNG trucks before we see hybrid big trucks. [00:10:29][24.0]
Michael Tanner: [00:10:29] Yeah, absolutely. Well, let’s jump over here and quickly touch on some finance stuff, guys. But before we do that, let us quickly pay the bills. As always, thank you for checking us out here on the world’s greatest website, dot energy newsbeat.com. Check us out link in the description below for all timestamps, all links to the articles, also subscribe to us on Substack, the energy newsbeat dot substack.com it’s a great place to find a combination of energy news beat.com in one feed. Delivered to your inbox every morning with Stu and mind’s thoughts. I might be a little scary to get inside Stu’s mind, but if you want to get inside Stus mind, it’s a crazy place. Trust me. I’ve been there multiple times, but I’ve luckily gotten out, but it’s also a fascinating, fascinating understanding of how the global energy and oil and gas markets intertwine highly recommend subscribing the energy newsbeat.substack.com link in the description below. Also shout out to friends of the show, Reese Energy Consulting. We love everything about Reese Energy Consulting. If you are in the midstream space or associated with the mid stream space and you’re not working with Reese Energy consulting, you’re doing them and yourself a disservice, call them up. If you’re an upstream space and need help with your marketing contracts, if you’re a midstream company and need any sort of support services, if you’re brokering jet fuel or crude oil, call up Reese Energy Consulting, they have clients from everywhere from two guys in the garage all the way up to the largest publicly traded companies and everybody in between. So if you’re wondering if you are right fit for them, you are. Reeseenergyconsulting.com. And finally, guys, if you are dealing with a tax problem this year, there is no better investment vehicle to offset your tax income than invest in oil and gas. It’s the most tax-efficient product that also has cash flow associated with it. Sure, there are other products that maybe have a larger raw tax deduction, but they do not have the dividends or distributions associated with them. So if you’re interested in learning about how you can involved with this tax deductions, go to invest in oil.energynewsbeat.com. We will send you a great ebook, which kind of overviews all of the different ways you could consider investing in oil and gas to get that tax deduction. And then depending on the answers that you fill out. We may or may not point you in the right direction to talk to some of the experts that we trust guys. That’s invest in oil dot energy newsbeat dot com. [00:12:45][136.0]
Michael Tanner: [00:12:46] Let’s go ahead and look at top line indices too. You know, we got S and P 500 a down about four tenths of a percentage point. NASDAQ was actually up about two tenths of a percent point, but it’s fallen precipitously since the open here are in the last, I would say 15, 20 minutes of us recording. So pretty interesting there. Two and 10 year yields up about one point two and one point oh eight. Percentage points respectively dollar index up about a half a percentage point Bitcoin off It’s all-time highs from 20,000 down to about a hundred and sixteen thousand five hundred crude oil down about a Half a percentage points a Brent oil basically flat for the day slightly down though If you take into account the earlier trading session sixty six sixty six for crude oil sixty eight seventy four for Brent, natural gas up about 1.5 percentage points to $3.51. XOP, which is our EMP securities contract 128.76. OIH, which was our oil field services contract, down 3 percentage points to 236.82. I think when we look at oil prices, Stu, we’re still down about a dollar relative to where we were yesterday. A lot to do with the fallout continuing from President Trump, you know, quote unquote sanctions on Russian, on buyers of Russian crude. And these are more threats than they are actual. Here’s what’s going to happen. It’s that 50 day timeline, you know, this, you know, at this end and in the same breath, he announced new weapons for Ukraine. It’s really crazy. Didn’t he run on a platform of not giving them more weapons? It just, it, it really boggles my mind. Quote from Phil Flynn price futures group. The market is took it as a negative because there seemed to be a lot of time to negotiate the fear of immediate sanctions on Russian oil is further off in the future than the market thought this morning. There was, and what he’s referring to is the little bit of the rally that we saw early in the trading session, though it did ended up a little bit down. We mentioned yesterday there could be, and there’s the threatened of a hundred percent tariffs on China. As we talked yesterday, that’s not going to happen. They’re not gonna put a hundred percent tariffs. On China API, crude oil inventory will come out. They’re forecasting about a 3 million barrel draw. So we’ll see exactly where that shakes out. As you listen to this, you will see the IEA crude oil inventory report which drops at 10.30 Eastern, 9.30 Standard. And our final story is to ExxonMobil borrows crude from SPR due to crude quality issue. This is very interesting. ExxonsMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Oilium Reserve to address quality issues with its Mars Crude, which is a key Gulf of America oil blend that comes from their Mars platform. Here’s what happens, this quality really stems from what they found were elevated zinc levels in Mars crude, which if it’s ran through a refinery can cause corrosion and damage equipment. If it’s processed in enough large quantities, this is Mars is mainly produced in the Gulf of America. Let’s be very clear there, Gulf of America, and it’s a medium sour grade crude blend, which generally is used for gasoline, diesel and jet fuel. Basically they’ve cut the production at their Baton Rouge facility, which has a total capacity of about 520,000 barrels per day and has attempted to resell some affected cargos in the spot market. Very interesting, Stu, because I mean, this is what the strategic petroleum reserve is designed f- It’s designed for things like this, unexpected consequences that happen from things that are out of our control, AKA higher levels of zinc in your crude. Now, if we just go on releasing oil because we want to drive prices down to try to win elections, you find yourself in a pinch when all of a sudden that we may need to borrow, you know, maybe it’s a million a day. I mean, that’s pretty believable. They want to loan only about a million barrels. But if this turns into two million, three million, now all of the sudden you end up in this situation where you’ve used all your reserve. On something that’s not worthy of a reserve, a.k.a. We were just trying to drive the price down. So this is truly, truly what the strategic petroleum reserve is used for, and it goes to show you why using it for the proper use, which you have a section on, is so critical. [00:16:47][241.4]
Stuart Turley: [00:16:48] Oh, I couldn’t agree more. And for our podcast listeners, Michael was absolutely waving his hands just like Gavin Newsom on that podcast that he was on. So quick slick your hair back. And I mean, your arms were going like, holy smokes, Batman. That was a great Gavin Newsome imitation. Well done. Ah, come on, man. Yeah, come [00:17:11][23.1]
Michael Tanner: [00:17:11] That’s what he said on that whole podcast. Unbelievable, Stu. All right, what we. [00:17:14][3.8]
Stuart Turley: [00:17:15] Today, Stu, anything else we need to add? No, just we got lots of great things coming around the corner. [00:17:19][4.4]
Michael Tanner: [00:17:19] All right, guys. Well, with that, we’re going to let you get out of here, get back to work, start your day. Appreciate you guys checking us out. World’s greatest podcast, energy newsbeat.com for Stuart Turley and Michael Tanner. See you tomorrow. [00:17:19][0.0][1024.6]
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