Today on the Energy News Beat, Stand up Stu Turley and David Blackmon talk about the critical issues around Data Centers, Venezuela, Chevron, and how investors would react.

With an oil platform in the Caspian Sea hit by Ukrainian drones, another Russian Tanker hit, and the U.S. boards a tanker loaded with Venezuelan oil, you can't buy this kind of entertainment. Years ago, oil would have spiked to $20, and today it's going down.

1. The data center boom and its impact on power grids, especially in the PJM region of the northeastern United States. The transcript discusses how the rapid growth of data centers is straining power grids and causing utility rates to rise.

2. Chevron's operations in Venezuela and the complex geopolitical situation there, including the enforcement of US sanctions and the potential for regime change.

3. Innovative solutions to power data centers, such as the supersonic engine developed by Boom Supersonic, that can be used to power AI data centers.

4. Concerns about a potential "bubble" in the data center industry due to the rapid growth and large investments.

5. Partnerships between energy companies and data center operators, such as Exxon's deal with NextEra to develop a gigawatt-scale data center.

6. The importance of developing domestic rare earth refining capabilities in North America to reduce reliance on China.

7. The boom in US solar installations is driven by the impending expiration of tax credits and concerns about the sustainability of this growth.

8. Ongoing mergers and acquisitions in the natural gas sector, as companies seek to gain economies of scale.

00;00 Introduction Data Centers

01:20 PJM Grid Growth in West Virginia

04:26 Chevron and Venezuela on the Front Lines

08:41 Symphonic Supersonic new gas turbine for data centers

12:58 Exxon is working with NextEra to develop a Gigawatt Data Center

16:00 US Solar is setting up for a crash

23:41 Exxon and Chevron Charts

Thanks to David Blackmon for stopping by the ENB Stand Up and sharing his Forbes Article and expertise. Please subscribe to him at https://blackmon.substack.com/

Shout out to our sponsor, Reese Energy Consulting. Check them out here: https://reeseenergyconsulting.com/

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CNBC inspired today’s ENB Stand Up - I Did Not Have That On Michael’s Bingo Card.

The interview on CNBC inspired today’s ENB Stand Up, and here is the full interview with Peter Boockvar, CIO of One Point BFG Wealth Partners, who was interviewed on ‘Fast Money’ to discuss why he is bullish on energy heading into 2026. I found this story very interesting as Peter goes through the key bullet points. Their interview was on CNBC.

Peter Boockvar also said: “Now with OPEC, we’ve seen more than two million barrels a day of production increases and quota increases, but the production increases haven’t really met up fully with the quotas, which tells me that there’s less available excess production supply, and it’s really only coming out of Saudi Arabia and the UAE.”

Finally, Peter Boockvar commented, “I think sixty dollars a barrel is pricing in almost no geopolitical risks. And I think the market just almost in a way assumes that there’s going to be a deal.”

Chapter Times:

00:00 Intro

00:30 Peter Boockvar on the CNBC Interview, oil is next year's gold

04:48 California Pipeline Shut Down, A crisis in the making

10:12 Will the oil Shadow Fleet End?

ENB Stand Up Stories Covered on The Show

Oil could be next year’s gold, says investor Peter Boockvar

New Report Warns Consequences of an Oil Pipeline Shutdown Would ‘Cascade Across the State’

California’s Oil Rush Slips into Final Act, and May Take Alaska’s Oil Rebound Down with It

The Shadow Fleet End? – Giacomo Prandelli

Africa is Embracing Oil and Gas for New Development, and Will Benefit Africans, Investors, and the Market

US Oil Rig Count Stages A Comeback After Last Week’s Losses

Check out Reese Energy Consulting at https://reeseenergyconsulting.com/

The full article at The Energy News Beat Substack: https://theenergynewsbeat.substack.com/p/could-oil-be-next-years-gold-investment

Got questions if you need a tax deduction? https://energynewsbeat.co/invest/

Katy Grimes, Editor in Chief of the California Globe, and Mike Umbro stop by the ENB Podcast.

This podcast rolled around because Katy Grimes, the Editor in Chief of the California Globe, wrote a brilliant story, “Has California’s Oil and Gas Industry Hit the Point of No Return?” and in that story, she is pointing out that the National Security Risk created by Gavin Newsom’s energy policies may have pushed the oil and gas business to the brink of collapse.

On the podcast, we discussed that the main pipeline may shut down in weeks, meaning oil drilled in California will have to be trucked to refineries rather than put into the pipeline. Yes, you read that correctly. Shut down in weeks. We also ask, how many of those truck drivers are illegal migrants who can’t read, and we need thousands of trucks that don’t exist.

The other huge issue is the sheer number of tankers that will be piling up off the coast, which is a real problem. There is a good chance that some are no longer part of the Dark Fleet and may not be seaworthy or insured.

Key Chapter Time Stamps

02:17 California’s Oil Crisis is now a Security Risk

04:50 California Imports 70% of the oil it requires

07:09 Permitting and Regulatory issues for E&P operators

10:06 Crimson Midstream Pipeline, The San Pablo pipeline potential shutdown mid-December

12:21 The largest oil spills were from Tankers, and we are going to see more tankers on the water, driving potential accidents up.

13:51 Shout out to Gene Nelson, PhD., whom I just interviewed, and we talked about that interview that is now in production.

16:06 Nuclear plants had been shut down to make way for wind and solar installations.

18:52: The oil industry is over

22:05 How to fix the broken system

23:55 Alaska imports jet fuel, diesel, and gasoline, causing significant environmental damage.

41:18 Mike Umbro, Energy Environmentalist: Well, that's about hugs and Chris Wright. I told you I don’t need a hug, I need a permit.

Katy’s comment that Governor Newsom can’t be this incompetent and that it has to be deliberate really resonated with me while writing this summary.

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Michael Tanner and Stu Turley cover several significant developments in the energy industry. First, they discuss New York's new "Cap and Invest" program, which will ration and tax fossil fuels. We do not see this as being ineffective and costly for consumers. This will do nothing but drive more people out of New York and reduce taxable income as money leaves the state. There is a reason JP Morgan has moved its gold trading unit out of New York.

Next, we examine the increasing isolation of Venezuela as its allies Russia and China step back amid heightened U.S. pressure. This has implications for Venezuela's significant oil reserves.

We then cover ExxonMobil's interest in acquiring a Russian firm's stake in an Iraqi oil field, as U.S. sanctions impact the global energy landscape.

The discussion shifts to the automotive industry, noting a pivot away from aggressive EV adoption towards more profitable hybrid vehicles in the U.S.

Analyst Josh Young's insights on OPEC's production increases and the implications for spare capacity and oil market dynamics are also covered.

Finally, we lament the collapse of California's oil and gas industry due to stringent policies and permitting challenges, and we criticize the state's governor.

Stu will be interviewing Mike Umbro, and Katy Grimes, Editor in Chief of the California Globe, are live on LinkedIn, X, and YouTube to talk about the California story. "Has California’s Oil and Gas Industry Hit the Point of No Return? – California Globe"

Here is the live link: https://www.youtube.com/live/9iQIhfX0ydM?si=82sbS7hGXOPeYNYV

Stories we covered today:

1.New York’s climate law will ration fossil fuels and tax the rations – David Wojick on CFACT

2.Venezuela is Suddenly Alone: Allies Step Back Amid Escalating U.S. Pressure

3.ExxonMobil Looks Over Lukoil’s Iraqi Oilfield as U.S. Sanctions Finally Hit Home – What does this mean for Investors?

4.The Shift to Hybrid Cars is Moving in the US

5.OPEC+ Production Increases and Spare Capacity Audit – Oil Market Implications

6.Has California’s Oil and Gas Industry Hit the Point of No Return? – California Globe

Shout out to our sponsor, Reese Energy Consulting. Check them out here: https://reeseenergyconsulting.com/

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We have specials going on, so ask Stu for details.

In this episode of Energy Newsbeat – Conversations in Energy, host Stu Turley sits down with Nathan Lord, President of Shale Crescent USA, to unpack why Ohio, West Virginia, and Pennsylvania may be the world’s most overlooked manufacturing and energy powerhouse. Nathan explains how the region’s abundant, low-cost natural gas creates a world-class advantage for petrochemicals, power generation, and reshoring manufacturing from Europe and China—while also cutting emissions by building near the fuel source. They dive into Europe’s deindustrialization, the risks of net-zero policies that export industry (and emissions) to China, the coming surge in gas demand from LNG and AI data centers, and why winning the “fuel race” is the key to U.S. energy security, grid reliability, and long-term prosperity for American workers.

We wrote an introduction to this interview for the Energy News Beat Substack, and it included data compiled by Nathan and the Shale Crescent team. America's Strategic Energy Asset: Why the Ohio, West Virginia, Pennsylvania Region Must Be Prioritized for Power, Prosperity, and National Security

I look forward to more podcasts and interviews with CEOs from Ohio, West Virginia, and Pennsylvania to discuss this significant, strategic reindustrialization effort for the United States.

Thank you, Nathan, for stopping by the Podcast, and I am looking forward to our follow-up conversations! - Stu

Check out the Shale Crescent USA website here: https://shalecrescentusa.com/

Connect with Nathan Lord on his LinkedIn here: https://www.linkedin.com/in/nathan-lord-230a99a9/

Highlights of the Podcast

00:00 - Intro

01:01 – What Is Shale Crescent USA?

02:53 – Marcellus Gas Volumes & Global Ranking

04:20 – Where Global Manufacturers Go Next

05:35 – Trump, the Saudi Crown Prince & LNG Dreams

06:02 – Maximizing the Molecule: From Gas to Booster Seats

07:16 – Germany’s Net-Zero Deindustrialization

09:06 – Europe’s Energy Insecurity vs. U.S. Shale Advantage

11:15 – Energy Security at Home, Energy Dominance Abroad

12:12 – How Shale Crescent Lands Global Projects

13:07 – Stu’s Two-Track World & China’s Manufacturing Pull

14:54 – Can the U.S. Beat China on Manufacturing Costs?

17:51 – Onshoring, ESG & Emissions Reality

20:26 – Is ESG Fading? Cleanest Molecule Wins

21:51 – Rare Earths vs. “Rare Natural Gas” Advantage

23:08 – 50 Bcf of New Gas Demand: AI, LNG & Manufacturing

24:11 – Who’s Locking Up Molecules (and Who Isn’t)

26:02 – 1970s Lessons: Grandma First & Behind-the-Meter Power

28:30 – Avoiding Blackouts & Winning the AI Fuel Race

32:06 – Build on the Fuel Source: Speed to Power

35:53 – Gulf Coast + Shale Crescent: 80% of U.S. Gas & Storage Gaps

37:39 – Man-Made Energy Problems & Leadership

38:18 – How to Find Nathan & Shale Crescent USA

39:08 – Closing: From Rust Belt to Prosperity

Full transcript will be on https://energynewsbeat.co/

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On today's episode of the Energy News Beat Stand Up, Michael Tanner and Stu Turley are a few pounds heavier from Thanksgiving!

Key issues discussed today:

Russia's oil and gas revenue is projected to decline sharply in November, potentially by as much as 35%. This revenue shortfall may be contributing to heightened diplomatic activity around the Russia-Ukraine war.

- The potential impact on oil prices if the Russia-Ukraine war were to end. Michael Tanner argues that oil prices would likely go down, as Russia would be able to bring more oil supply back online. Stu Turley suggests prices could rise, as Russia would have more money to fund its operations.

- The potential disruptions to oil supply, such as attacks on tankers in the Black Sea and disruptions to the Caspian Pipeline Consortium. However, the hosts seem to downplay the potential impact of these events on oil prices.

We also discussed the ongoing dispute between a Texas oil executive and the state of California over offshore oil production. The hosts are critical of California's regulatory environment and its impact on energy production.

Chapters

00:01 Intro

00:21 Russia's oil and gas revenue may fall by 35%

05:58 Caspian Pipeline Consortium halts Black Sea oil loading after Ukraine attack

10:14 Texas Oil Mogul at war with Gavin Newsom's Energy Policies

14:44 New Fortress Energy gets a 3 billion deal with Puerto Rico

20:46 Closing

1.Russia’s Oil and Gas Revenue May Fall in November by 35%, Reuters Calculations Show

2.Caspian Pipeline Consortium Halts Black Sea Oil Loading after Ukraine Attack – And Black Sea tankers hit

3.What If Venezuela’s Oil Is Shut Down and We Get Peace in Ukraine? Analyzing the Potential Impact on Oil Prices

4.The Texas Oil Mogul at War With California Over an Offshore Bounty

5.New Fortress Gets Tentative OK for $3 Billion Puerto Rico Deal – What Does This Mean for Investors?

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In this episode of Energy Newsbeat – Conversations in Energy, host Stu Turley sits down with Tyler Lindholm, Wyoming State Director of Americans for Prosperity, to break down the truth about America’s energy future, federal overreach, the wind farm subsidy scams, coal’s comeback, and why Wyoming is becoming the last line of defense for U.S. energy security.

Lindholm exposes how federal land policies cripple ranchers, why baseload power still matters, how California depends on Wyoming to keep the lights on, and why renewable subsidies are collapsing under their own weight. They also dive into grid reliability, the “duck curve,” production tax credit scams, and how local citizens can take back control of energy policy.

If you care about energy independence, rural America, or honest conversations outside the mainstream media… this is the episode to watch.

Thanks for your leadership, Tyler, in Agriculture, Ranching, and Energy! I had an absolute blast visiting with you. - Stu.

Connect with Tyler on LinkedIn: https://www.linkedin.com/in/tyler-lindholm-9119a259/

???? Want to get involved?

Visit: AmericansForProsperity.org

Highlights of the Podcast

00:00 - Intro

00:32 – Why Wyoming Is a U.S. Energy Powerhouse

01:02 – Wyoming’s Energy Priorities

01:41 – Trump’s “Three Horsemen” of Energy Dominance

02:01 – New Coal Plant Proposal

03:10 – Reliable, Affordable Energy Is King

03:35 – AFP’s Mission: Cutting Government Barriers

04:24 – Federal Land Control Hurting the West

05:44 – Grazing, Wildlife & Real Environmental Impact

07:58 – California’s Dependence on Wyoming Power

09:23 – Energy Security = National Security

10:42 – How Citizens Can Get Involved Locally

13:09 – Wyoming’s Workforce & Six-Figure Energy Jobs

13:34 – AI vs. Blue-Collar America

15:16 – The Duck Curve Explained Simply

17:03 – Wind Farm Reclamation Crisis

18:31 – Wind Subsidy Scams (PTC Loophole)

20:22 – Who Really Runs the Grid

21:55 – Closing Thoughts

Check out the full articles:

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or on the website:

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Happy Thanksgiving, and we have a wild Energy News Beat Stand Up for You!

We are focusing more on finance, deal reviews, and the economics of energy rollout in future articles.

UK oil and gas companies exploring opportunities in the U.S. market: We discuss how large UK oil and gas companies like Harbor Energy are actively looking for merger and acquisition opportunities in the U.S. as they face challenges in the UK market due to Net Zero policies.

Kind of like I have said, that oil saved the whales the first time, and President Trump’s ending of offshore wind may save them the second time. The UK oil companies looking to move is a potential trend for all investors to take note of.

Energy Policies have consequences, and the UK, EU, and even Canada are on a road to a fiscal catastrophe.

We also cover the concerns about potential oil shortages: Comments from Russia’s top OPEC negotiator, Alexander Novak, who warned about the risk of an imminent oil shortage due to chronic underinvestment in new oil production to replace declining fields.

China’s development of a new CO2 turbine technology: We discuss China’s unveiling of a new supercritical carbon dioxide power generator technology, which could have significant applications in industries like cement and steel.

Challenges and opportunities in the U.S. nuclear power sector: And Michael and I explore how the U.S. government is trying to support the development of larger nuclear reactors, including through low-cost government loans, in order to make nuclear power more profitable and attractive to investors

00:18 Harbor Energy is scouting mergers and acquisitions in the US

03:35 Russia points out oil needs investments

07:05 China unveils new CO2 turbine that could upend power tech

13:03 Sponsor and Finance

Check Out Full Articles and Transcripts

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and

https://energynewsbeat.co/

Stories Covered in this episode

1.Large UK Oil and Gas Company Explores U.S. Deals – WSJ

2.Russia Points Out the Lack of Investment in Oil is Poised to Cause an Oil Shortage

3.China Unveils New CO2 Turbine That Could Upend Power Tech

4.Can the U.S. Make Big Nuclear Reactors? How Can We Make Nuclear Profitable? How do Investors React?