Podcasts about us lng

In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner discuss key energy topics, including the rise of Russian LNG exports despite EU efforts to phase it out, the implications of seized Russian assets and the U.S. gaining leverage over the EU, and the recent $8 billion loss in U.S. clean energy projects. They also touch on the U.S. military's strike on a Houthi oil port, the recent surge in U.S. LNG exports, and the potential for BP to merge with other energy giants like Chevron or Exxon, amid challenges posed by U.K. regulatory policies. They also highlight the broader geopolitical energy landscape, focusing on Iran, China's economic struggles, and future energy market shifts.Highlights of the Podcast 00:00 - Intro02:15 - To Be or Not to Be – Russian LNG Revisited04:34 - Here's How Gas Pipelines & Seized Russian Assets Could Give The US Lots Of Leverage Over The EU07:05 - Clean Energy Projects in the United States have been lost in the wind to the tune of $8 Billion – But how much cheaper will be our electricity?12:16 - U.S. Conducts Its Deadliest-Known Recent Strike on Houthi Oil Port14:24 - US LNG exports climb to 34 cargoes18:44 - Markets Update23:41 - Rig Count Update24:48 - Energy Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?29:18 - OutroPlease see the links below or articles that we discuss in the podcast.To Be or Not to Be – Russian LNG RevisitedHere's How Gas Pipelines & Seized Russian Assets Could Give The US Lots Of Leverage Over The EUClean Energy Projects in the United States have been lost in the wind to the tune of $8 Billion – But how much cheaper will be our electricity?U.S. Conducts Its Deadliest-Known Recent Strike on Houthi Oil PortUS LNG exports climb to 34 cargoesEnergy Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

In Q1 2025, US LNG projects awaiting final investment decisions (pre-FID) failed to secure a single long-term contract, marking a first since 2021 despite favorable policies. Rising construction costs, higher Henry Hub prices, and concerns over a looming global supply glut have left buyers hesitant. Meanwhile, Qatar is capitalizing on low-cost, oil-linked deals to lock in market share. This episode dives into the reasons behind the US slowdown and examines whether this pause signals a shift in the global LNG market's dynamics.

#225: Blast From the Past (4/14/25) Links: House passes Senate Budget https://www.reuters.com/world/us/republican-controlled-us-house-try-again-trump-tax-cuts-bill-2025-04-10/ Source: Reuters Trade Anonymous Sources Say Bessent Taking the Lead in Trade Negotiations https://www.politico.com/news/2025/04/10/bessent-trade-lutnick-navarro-shakeup-00284597 Source: Politico Trump is going to lose the gamers. Nintendo Switch 2 Delayed https://tech.yahoo.com/article/nintendo-switch-2-pre-orders-release-date-prices-delays-and-everything-else-you-need-to-know-140931024.html Source: Engadget Trump Exempts Phones, Chips, Computers from Tariffs https://www.cnbc.com/2025/04/12/trump-exempts-phones-computers-chips-tariffs-apple-dell.html Source: CNBC China moves to cut off rare earth exports https://www.reuters.com/markets/commodities/chinas-rare-earth-exports-grind-halt-trade-war-controls-bite-2025-04-11/ Source: Reuters China halts US LNG imports https://finance.yahoo.com/news/china-halts-us-lng-imports-061447892.html Source: Bloomberg IRA Credits Senate Squish Squad https://thehill.com/policy/energy-environment/5245273-senate-republicans-energy-tax-credits/ Source: The Hill Sunset Crowd in the House https://www.eenews.net/articles/republican-bill-would-phase-out-wind-solar-credits/ Source: E&E New Congestion Pricing Lives On https://www.cbsnews.com/newyork/news/nyc-congestion-pricing-mta-trump-administration-deal/ Source: CBS News EV Factories Cancelled https://www.washingtonpost.com/climate-environment/2025/04/03/ev-factories-canceled/ Source: Washington Post AI helping PJM. What does that mean exactly? https://www.reuters.com/technology/google-deploys-ai-speed-up-connections-pjm-largest-us-power-grid-2025-04-10/ Source: Reuters

The ASX 200 dropped as expected 325 points to 7343 (4.2%). US futures pointing to another realignment of valuation with a big drop in store. Asian markets are playing some catch-up as China comes back from a holiday. Our market bounced off its low this morning of 7169 with the banks recovering some ground. The Big Bank Basket down 5.7% to $232.68, CBA down 6.2% and WBC off 5.6% with MQG turning positive after an 8% fall to close down 0.8%. Financials were squashed, GQG down 1.9% and PPT does 7.3%. QBE were hit hard as bond yields fall down 6.8%. Some winners in finance though with CGF up 8.3% on a strategic stake acquired and ASK also doing well up % on a NBIO. REITS stumbled lower, GMG down 4.3% and SCG off 3.8% despite rate falls. Industrials too under pressure, WES down 4.9% and CPU off 4.4% with QAN falling 3.7%. ALL came up lemons dropping 6.2% and retail in trouble, JBH down 5.9% and LOV off 8.3%. Travel stocks fell, and tech stocks did better than expected, with WTC actually firmer by 2.2%. The All-Tech Index down 3.1%. Resources struggled as global growth expectations were adjusted, BHP down 6.1% with FMG losing only 3.6%. Gold miners saw profit taking but off early lows, NEM down 3.5% after being down twice that.  Oil and gas stocks declined as crude fell, WDS off 5.8% despite selling a US LNG business. Uranium under pressure again, PDN down 9.6% and BOE off 8.7%. In corporate news, ASK got a NBIO from Ki Corp at 147c, CGF saw a Japanese buyer take a 15% stake. Nothing on the economic front. Asian markets played catch up, China down 7.1%, HK off 12.2% and Japan down 6.7%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

In this French-language episode of Energy Vista, Leslie Palti-Guzman speaks with Didier Holleaux, Executive Vice President at Engie and author of La vraie histoire du gaz, to explore Europe's evolving energy landscape in the wake of Russia's war in Ukraine.They discuss Europe's reduced reliance on Russian gas, high gas prices, and continued market vulnerability. Didier explains why the crisis is far from over, unpacks the geopolitical and commercial stakes of LNG and pipeline flows, and offers insights on the Nord Stream sabotage — with a clear view on who had the most to gain.The conversation also covers the future of US LNG exports, European trust in suppliers like Russia the US and Qatar, and how supply diversification, biomethane, and renewables are reshaping the continent's energy resilience.

How does Europe get cheap energy again? Are climate goals at odds with the need to remain economically competitive? Are we about to see an empowered and emboldened Europe, ready to take on China and the US?Barely five years into the 2020s, this decade is already shaping up to be one of the most turbulent since the Second World War. As we record this episode, the US has just slapped 25% tariffs on steel and aluminum, prompting swift retaliation from Europe and Canada.The energy landscape is just as volatile. While the US seems set on spending the next four years as a semi-rogue petrostate—acting as if climate change were an afterthought—China is seizing the moment. It's doubling down on EVs and electrification at home, tightening its grip on clean energy supply chains, and dominating global exports of solar panels, batteries, EVs, wind turbines, and even cables. In doing so, Beijing is cementing its status as the world's premier electro-state.This leaves Europe at a crossroads. How does the EU tackle sky-high energy prices while reducing its reliance on US LNG and Chinese clean tech? Can it craft a compelling narrative to counter the rising tide of populism that's circling ever closer to the Berlaymont building in Brussels?To help us unpack these critical questions, we're joined by Nikos Tsafos, Greece's recently promoted Deputy Energy Minister. His portfolio spans energy and emissions, and he collaborates with policymakers across transport and industry—not just in Greece, but throughout the EU.Thank you to Nikos Tsafos for providing the graphs showing Greece's energy transition.Leadership Circle:Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, Alcazar Energy, Davidson Kempner, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live. Links:Nikos Tsafos' Website: https://nikostsafos.comPrime Minister Kyriakos Mitsotakis' letter to the President of the European Commission Ursula von der Leyen regarding the EU energy market: https://www.primeminister.gr/en/2024/09/13/34887Energy System of Greece: https://www.iea.org/countries/greeceYanis Varoufakis: Power, Markets & Power Markets - Ep104: https://www.youtube.com/watch?v=PLbm8fg08hcAudioblog 14: Generative AI – The Power and the Glory: https://www.youtube.com/watch?v=OwZ2iNh133A

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covers key developments, including President Trump's productive phone call with Putin pushing for a ceasefire, the U.S. discovery of $8.4 billion in rare earth minerals in coal ash landfills, and concerns over the Inflation Reduction Act's potential $4.67 trillion cost. He highlights Crowley's deployment of the first U.S. LNG carrier to Puerto Rico, a federal judge blocking New Jersey's offshore wind farm, and Harold Hamm's call for $80 oil prices. Turley also stresses the need for U.S. investment in LNG tankers and the impact of the Jones Act on energy exports.Highlights of the Podcast00:00 - Intro01:39 - Trump and Putin Conclude Phone Call as US Pushes Ceasefire03:47 - Buried fortune: US finds $8.4 billion in rare earths sitting in coal ash landfills05:14 - New Study: Inflation Reduction Act Likely To Cost Taxpayers Trillions06:58 - Crowley deploys first US LNG carrier to supply Naturgy's facility in Puerto Rico08:20 - Judge Blocks NJ Offshore Wind Farm As Trump Reverses Biden's Green Gambits10:06 - Harold Hamm: ‘Drill, Baby, Drill' Needs $80 Oil – Or as Stu says, “Drill baby Drill when fiscally responsible”14:09 - OutroPlease see the links below or articles that we discuss in the podcast.Trump and Putin Conclude Phone Call as US Pushes CeasefireBuried fortune: US finds $8.4 billion in rare earths sitting in coal ash landfillsNew Study: Inflation Reduction Act Likely To Cost Taxpayers TrillionsCrowley deploys first US LNG carrier to supply Naturgy's facility in Puerto RicoJudge Blocks NJ Offshore Wind Farm As Trump Reverses Biden's Green GambitsHarold Hamm: ‘Drill, Baby, Drill' Needs $80 Oil – Or as Stu says, “Drill baby Drill when fiscally responsible”Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

In this Energy Vista episode, Leslie Palti-Guzman sits down with Tarek Souki, an energy executive with deep experience in the U.S. LNG industry through his roles at Cheniere Energy and Tellurian. Together, they unpack the challenges of financing LNG projects, and whether America can maintain its competitive edge in the global LNG race.How do financing hurdles, long-term contracts, and regulatory uncertainty shape the future of U.S. LNG? What role do geopolitics and trade tensions play in securing buyers? And is Venture Global a true market disruptor or a company testing the limits of the system?Tarek also reflects on his career path, from investment banking to working alongside his father, LNG pioneer Charif Souki , and shares insights on navigating family business dynamics in the energy world.

In this week's episode, host Daniel Raimi talks with Resources for the Future Fellow Brian C. Prest about the effects of US liquefied natural gas (LNG) exports. As the world's leading exporter of LNG, the United States has been ramping up capacity to produce and transport LNG to meet global demand. Prest describes how this increasing trend affects domestic oil and gas prices and the extent to which the federal government influences the production of oil and gas. He also discusses the global and domestic effects of increasing LNG production and exports on emissions, including which kinds of energy US LNG exports are substituting or displacing in other countries, variation in methane emissions across different sites of gas production, and the social cost of these methane emissions. References and recommendations: “Where Does the Marginal Methane Molecule Come From? Implications of LNG Exports for US Natural Gas Supply and Methane Emissions” by Brian C. Prest; https://www.rff.org/publications/working-papers/where-does-the-marginal-methane-molecule-come-from-implications-of-lng-exports-for-us-natural-gas-supply-and-methane-emissions/ “The greenhouse gas footprint of liquefied natural gas (LNG) exported from the United States” by Robert W. Howarth; https://scijournals.onlinelibrary.wiley.com/doi/10.1002/ese3.1934 “Not the End of the World: How We Can Be the First Generation to Build a Sustainable Planet” by Hannah Ritchie; https://www.hachettebookgroup.com/titles/hannah-ritchie/not-the-end-of-the-world/9780316536752/

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discussed various energy topics, emphasizing Trump administration policies on natural resources and LNG exports. They highlighted the potential of critical minerals and the challenges in maintaining LNG export growth amid global competition. The conversation touched on rising natural gas prices, infrastructure needs for LNG, and the implications of energy policies in New York and Germany. Overall, they foresee significant geopolitical and economic impacts from these energy dynamics.Highlights of the Podcast00:00 - Intro01:12 - Trump's Energy Czar Has Plan to ‘Map, Baby, Map' US Oil Bounty03:49 - U.S. LNG Exports Surge But Long-Term Growth Uncertain06:22 - Natural Gas Prices Surged 160%—And They're Not Coming Down Soon08:04 - AGDC: market interest in Alaska LNG continues to rise10:08 - NY's Net Zero Dream Unravels As Utopian Climate Plans Face Lawsuit Woes12:04 - Civitas Resources, Inc. Reports Fourth Quarter and Full Year 2024 Results13:29 - Restarting Germany's Nuclear Reactors15:40 - OutroPlease see the links below or articles that we discuss in the podcast. Trump's Energy Czar Has Plan to ‘Map, Baby, Map' US Oil BountyU.S. LNG Exports Surge But Long-Term Growth UncertainNatural Gas Prices Surged 160%—And They're Not Coming Down SoonAGDC: market interest in Alaska LNG continues to riseNY's Net Zero Dream Unravels As Utopian Climate Plans Face Lawsuit WoesRestarting Germany's Nuclear ReactorsFollowStuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

Today we had the honor of welcoming back our good friend Dr. Dan Yergin, Vice Chairman of S&P Global, Chairman of CERAWeek, and Pulitzer Prize-winning author of “The Prize” and more recently “The New Map.” He is widely recognized as one of the foremost experts on energy, geopolitics, and the global economy and his achievements and contributions to the energy industry are immense. We were delighted to have an hour of Dan's time to hear his latest insights on the evolving energy landscape and to preview key themes and discussions at CERAWeek, which is kicking off in just under two weeks. This Tuesday, Dan's paper, co-authored with Peter Orszag and Atul Arya, was published in Foreign Affairs titled “The Troubled Energy Transition: How to Find a Pragmatic Path Forward” (linked here). Dan also recently co-authored an article titled “The importance of US LNG for economic growth and the global energy transition” (linked here). In our conversation with Dan, we explore key themes from both pieces, including the challenges of balancing energy security, economic growth, and the global energy transition. We ask Dan for his perspective on today's complex geopolitical environment, the influence of the current U.S. administration on energy and regulation, and global energy competition, including the divide between developed and developing nations, where economic growth and energy access remain a top priority. We touch on key topics and speakers at CERAWeek, including new discussions on trade and industrial policy, the future of aviation fuel, Saudi Aramco's experience with solar, and the growing momentum behind fusion energy, just to name a few. Dan shares insights into the historical context of today's energy transition, emphasizing that it is an energy addition rather than a transition, along with misconceptions about how transitions unfold and the evolving role of critical minerals in global energy policy. We discuss the potential for a resolution in the Russia-Ukraine war, its implications for commodity markets and geopolitical strategy, and the broader complexities of managing volatility in today's rapidly shifting energy landscape. As always, it was our pleasure to visit with Dan and we appreciate his thoughtfulness and optimism for the future of energy. Thank you, Dan, for joining us! Mike Bradley kicked off the show by noting that broader equity markets seem to be entirely focused on AI-related news this week. He noted that rumors earlier this week that Microsoft was cancelling data center leases have slammed the stock prices of IPP & Electrical Providers. NVIDIA reports Q4 results after Wednesday's close, which will set the tone for equities (AI Tech & IPPs) through the end of the week. On the crude oil market front, over the last week WTI price has sunk ~$3/bbl ($69/bbl) on several factors, chief among them being growing optimism of a potential Ukrainian ceasefire. Offsetting this potentially bearish oil news is a growing belief that OPEC will delay April scheduled production increases to 2H'25. He rounded out the conversation by highlighting that the focal story in Energy equities this week is BP's Capital Markets Day (set for Wednesday, details linked here). He noted that BP has previously indicated that the theme for their Capital Markets Day will be a “fundamental reset of strategy” and that investors aren't going to settle for small changes, rather, they're demanding a wholesale retreat from renewables, significant non-core asset sales and a total refocus on fossil fuels. Jeff Tillery also joined and

As Trump returns to office and lifts the freeze on LNG export permit applications, the global LNG landscape is set for another shake-up. Importing countries are closely watching how the US leverages LNG in trade negotiations, while competing producers, particularly Qatar, brace for intensified competition. With its 80% expansion of the North Field announced in early 2024, Qatar must now navigate a market where US LNG suppliers offer more flexible, destination-free contracts. In this interview, MEI Senior Research Fellow June Park speaks with Dr Steven Wright, Associate Professor and Associate Dean for Academic Affairs at Hamad Bin Khalifa University, to unpack the implications of these developments on the Gulf's role in the global energy market.

In his first hours back in office, US president Donald Trump issued a series of sweeping executive orders designed to prioritise fossil fuels, dismantle environmental policies and expand American energy dominance. From withdrawing from the Paris agreement to resuming LNG export permits and halting offshore wind projects, Trump's agenda marks a dramatic pivot from the previous administration.This week's Montel Weekly Podcast delves into the consequences of these policy shifts on global energy markets, renewables and climate goals. Are Europe's LNG needs creating new dependencies? How will domestic opposition shape the future of US energy?Host Richard Sverrisson is joined by Montel's Andres Cala and energy analyst Henning Gloystein to break down these developments. They discuss the challenges for renewables, the strategic importance of US LNG, and whether Trump's “drill, baby, drill” strategy will deliver on its promises.Host: Richard Sverrisson - Editor-in-Chief, Montel.Guests: Henning Gloystein - Director, Energy, Climate & Resources at Eurasia GroupAndres Cala - LNG Correspondent, Montel News

Trump 2.0 has officially begun...and everything from stocks to currencies to crypto is moving in response. But what about ENERGY? How will underlying commodities like crude oil and natural gas – not to mention energy stocks – behave in the second Trump Administration? What impact will “Drill, baby, drill” policy...a lighter regulatory touch...and other factors have on production, supply, pricing, and more? I sat down with @RobertBryce – noted energy-sector author, lecturer, filmmaker, and podcaster – to get the answers for this week's MoneyShow MoneyMasters Podcast.We begin by chatting about Robert's extensive, multi-decade career covering the industry, which includes projects like the docuseries “Juice: Power, Politics & The Grid” and the book A Question of Power: Electricity and the Wealth of Nations. Then we discuss the impact of President Trump's policies and politics on the energy markets. That includes what regulatory rollbacks and the opening up of new regions to oil and gas drilling means (and DOESN'T mean) for US exploration and production. Robert also weighs in on the future of US LNG exports…the impact of data center growth and AI-driven demand for electricity on energy prices...and which subsector of the natural gas industry he thinks investors should focus on.We next pivot to geopolitics, discussing what Russia's invasion of Ukraine and rising US-Iran tensions mean for energy markets and investors. Plus, we talk about why “Drill, baby, drill” supply concerns haven't kept US crude oil futures from rising 10% since the November election – or natural gas prices from surging an astonishing 46%. Finally, Robert previews what he'll cover at the MoneyShow Masters Symposium Dallas, scheduled for April 4-6 at the Hilton DFW Lakes. Click here to register: https://www.mmsdallas.com/?scode=061246

In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner and Stuart Turley dive into key energy headlines in their pre-Thanksgiving episode. Topics include Trump's energy agenda prioritizing natural gas, potential impacts on climate goals, ExxonMobil's cautious production strategy, and the looming OPEC+ meeting. They also discuss EQT's $3.5 billion midstream joint venture with Blackstone and its implications for pipeline valuations. Highlighting geopolitical tensions and energy market shifts, they wrap with Thanksgiving wishes, encouraging listeners to explore energy investment opportunities.Highlights of the Podcast00:00 - Intro01:24 - Trump Energy Agenda Will Have A Heavy Natural Gas Focus03:17 - Trump and the AI Power Boom Are Putting Utility Climate Goals at Risk05:43 - Exxon: Don't Expect ‘Drill, Baby, Drill' Under Trump07:46 - The OPEC+ Meeting Is Looming Large Over Oil Markets08:21 - Netherlands was top destination for US LNG supplies in September11:57 - Markets Update15:09 - EQT Announces $3.5 Billion Midstream Joint Venture with Blackstone Credit & Insurance17:42 - OutroPlease see the links below or articles that we discuss in the podcast.Trump Energy Agenda Will Have A Heavy Natural Gas FocusTrump and the AI Power Boom Are Putting Utility Climate Goals at RiskExxon: Don't Expect ‘Drill, Baby, Drill' Under TrumpThe OPEC+ Meeting Is Looming Large Over Oil MarketsNetherlands was top destination for US LNG supplies in SeptemberFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley covers key energy headlines, including Biden's controversial $4 billion pledge to the World Bank amidst claims of financial mismanagement, Exxon's lithium supply deal with LG Chem to bolster the U.S. critical minerals supply chain, Michigan's legal challenge over state authority on renewable projects, rising U.S. LNG feed gas flows, and Ford's plan to cut 4,000 European jobs due to EV market slowdown. He emphasizes the need for cost-effective hybrid vehicles and highlights the benefits of oil and gas investments, encouraging listeners to explore opportunities on Energy News Beat.Highlights of the Podcast00:00 - Intro01:25 - Biden Sends $4 Billion to the World Bank After $41 Billion Vanishes – Americans Robbed Blind!03:57 - Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem04:46 - Michigan communities file legal challenge to state authority on renewable energy projects06:32 - US LNG feedgas on track for 10-month high as flows rise to Louisiana Plaquemines plant07:05 - Ford Plans 4,000 Job Cuts in Europe as EVs Lose Momentum09:23 - OutroPlease see the links below or articles that we discuss in the podcast.Biden Sends $4 Billion to the World Bank After $41 Billion Vanishes – Americans Robbed Blind!Exxon Signs Deal to Supply Lithium to Battery Maker LG ChemMichigan communities file legal challenge to state authority on renewable energy projectsUS LNG feedgas on track for 10-month high as flows rise to Louisiana Plaquemines plantFord Plans 4,000 Job Cuts in Europe as EVs Lose MomentumFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Today we had the honor of hosting Senator John Cornyn of Texas, who has served in the US Senate since 2002 and is now in his fourth term. Senator Cornyn has been a steadfast advocate for Texas interests and supports policies that promote responsible domestic traditional energy production while exploring new energy sources to strengthen US energy independence. Senator Cornyn has held several key leadership roles including Republican Whip and currently serves on the Senate Finance, Intelligence, and Judiciary Committees. Before joining the Senate, Senator Cornyn served as a district judge, a member of the Texas Supreme Court and Texas Attorney General. We were thrilled to connect with Senator Cornyn for an election, energy and geopolitical focused discussion one week away from the 2024 Presidential Election. We begin by asking Senator Cornyn for his perspective on escalating international conflicts and global geopolitical tensions, including the Iran-Israel conflict, North Korea's involvement in Ukraine, and threats from Russia and China. We discuss the importance of robust US intelligence and deterrence to maintain global stability, the need for proactive US leadership in foreign conflicts, and the reality that “our holiday from history is over.” Senator Cornyn outlines opportunities and challenges in the coming lame duck session, key legislative actions, and Congressional priorities including national defense funding, tax policy, and the federal budget, as well as key Senate races and the potential for Republicans to retake the Senate. We explore America's energy potential, the strategic importance of US LNG to European allies, challenges with transmission and permitting for energy infrastructure, the evolution of US policy toward China, the possibility of permitting reform, and the merits of state versus federal power. We also touch on incentives for reshoring critical manufacturing to address supply chain vulnerabilities, national debt and budget priorities, and the critical importance of national unity despite political differences. It was a fantastic discussion, and we are very grateful to Senator Cornyn and his team for their continued efforts on behalf of the energy community. Mike Bradley kicked off the discussion by highlighting that markets this week are increasingly focused on a handful of Big Tech Q3 earnings and next week's Presidential election. On the bond market front, bond traders continue to be perplexed that the 10yr bond yield has spiked from 3.6% back to 4.3% over the last month, which is a higher level than the 10yr was trading prior to the 50-basis point cut at the September 18th FOMC Meeting. He noted that bond traders seem to be betting that Trump will win the Presidency and that his promise of Chinese Tariff increases and significant Federal regulatory cuts might lead to higher “real” growth and higher deficits. On the crude oil market front, WTI had fallen roughly $5/bbl this week on a brief de-escalation in Mideast tensions and concerns that Chinese economic stimulus plans would disappoint. On the broader equity market front, the S&P 500 continues to post new highs. Big Tech stocks seem to be retaking market leadership given that the market-weighted S&P 500 Index is again outperforming the equal-weighted S&P 500 Index. On the energy equity front, lower oil prices are leading many energy companies to take a more cautious approach on their Q3 calls which is continuing to weigh on the entire sector. Arjun Murti emphasized that long-term macroeconomic trends are more influential than election outcomes alone, and that a balanced “all-of-the-above” approach to support maximizing traditional resource production and exports as well as new energy technologies is crucial not only for the US but for developing nations seeking diversified energy for geopolitical and economic stability. We hope you find today's discussion as interesting and insightful as we di

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss stumbling electric vehicle sales, attributing it to factors like battery costs and a slowing market in Europe. They also highlight the Biden-Harris administration's decision to halt offshore oil and gas lease sales in 2024, the first time since 1958. Additionally, they touch on California Governor Gavin Newsom's criticism of Big Oil, TotalEnergies' expansion in U.S. LNG through an Eagle Ford deal, and Ted Cruz's demand for an appeal after Texas LNG terminal approvals were nixed. They close by reviewing recent market trends, including oil and gas prices, and a major acquisition deal between Valdis and Citizen Energy.Highlights of the Podcast00:00 - Intro01:24 - Electric Vehicle Sales Are Stumbling. Here's Why03:53 - Biden-Harris Admin Won't Hold Offshore Oil And Gas Lease Sales In 2024, First Time Since 195806:05 - Newsom's War On Big Oil Continues, Calls Them The ‘Polluted Heart Of The Climate Crisis'08:26 - TotalEnergies boosts US LNG position with Eagle Ford deal09:31 - Ted Cruz Demands FERC Appeal After Court Nixes Texas LNG Terminal Approvals12:59 - Markets Update15:58 - Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say17:59 - OutroPlease see the links below or articles that we discuss in the podcast.Electric Vehicle Sales Are Stumbling. Here's WhyBiden-Harris Admin Won't Hold Offshore Oil And Gas Lease Sales In 2024, First Time Since 1958Newsom's War On Big Oil Continues, Calls Them The ‘Polluted Heart Of The Climate Crisis'TotalEnergies boosts US LNG position with Eagle Ford dealTed Cruz Demands FERC Appeal After Court Nixes Texas LNG Terminal ApprovalsFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics, including the volatility in oil prices, geopolitical tensions in the Middle East, and the impact of energy policies on industry. They highlight Chevron's move to Texas due to unfavorable policies in California, the rising global power demand, and the ongoing challenges faced by U.S. shale producers. Additionally, they critique the Biden administration's green energy spending and discuss the implications of recent court rulings on U.S. LNG export terminals.Highlights of the Podcast00:00 - Intro01:17 - Global Power Demand Is Soaring, IEA Expects 4% Growth in '24 & ‘2503:09 - Chevron Taking Its Headquarters To Texas05:30 - Israel, Mideast Markets Fall on Iran Threat, Global Stock Plunge07:27 - Shale Keeps Getting Leaner and Meaner12:32 - Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 202414:29 - Biden Is Dumping Billions Of Tax Dollars Into ‘Green' Projects Before Leaving Office15:55 Court pulls permit for NextDecade's US LNG export terminal18:08 - OutroPlease see the links below or articles that we discuss in the podcast. Global Power Demand Is Soaring, IEA Expects 4% Growth in '24 & ‘25August 2, 2024 Mariel AlumitENB Pub Note: We recommend following and subscribing to Robert Bryce's Substack. I have thoroughly enjoyed my conversations with him on my podcasts. Electricity is the world's most important and fastest-growing form of energy. […]Chevron Taking Its Headquarters To TexasAugust 2, 2024 Stu TurleyU.S. oil and gas giant Chevron announced Friday it will relocate its corporate headquarters from its long-time location in San Ramon, hashtag#California to Houston, hashtag#Texas in the coming months. In a release, the company said […]Israel, Mideast Markets Fall on Iran Threat, Global Stock PlungeAugust 5, 2024 Stu TurleyIsraeli markets drop; US sees Iranian attack in 24-48 hours Saudi, Egyptian, Turkish stocks, bonds, currencies also hurt Financial markets across the Middle East tumbled Monday, as concerns over a potential Iranian attack on Israel […]Shale Keeps Getting Leaner and MeanerAugust 5, 2024 Mariel AlumitU.S. oil production dipped by 61,000 barrels daily in May, the EIA reported this week, confirming what many already expected: continued stringent discipline among drillers. But those expectations may have been misleading because now some producers are […]Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024August 6, 2024 Mariel AlumitSaudi Aramco's CEO has forecast a strong increase in global oil demand for the second half of the year, ranging from 1.6 to 2 million bpd. Aramco's outlook contrasts with the more cautious forecasts from […]Biden Is Dumping Billions Of Tax Dollars Into ‘Green' Projects Before Leaving OfficeAugust 7, 2024 Mariel AlumitBiden's federal agencies are giving billions in taxpayer-funded grants for an assortment of climate boondoggles around the country. With its July 22 announcement that it is disbursing $4.3 billion in taxpayer-funded grants for an assortment […]Court pulls permit for NextDecade's US LNG export terminalAugust 7, 2024 Mariel AlumitA ruling by the D.C. Circuit Court has revoked NextDecade's permit issued by the Federal Energy Regulatory Commission (FERC) for its Rio Grande LNG export terminal in Texas. In a case put in front of […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss a range of energy-related topics. They highlight the Biden administration's introduction of $1.2 trillion in new regulations in 2024, criticize the Biden-Harris energy policy, and express concerns about billions of taxpayer dollars being allocated to green projects. They also cover Saudi Aramco's interest in LNG investments, California's proposed state takeover of oil refineries, and the court's revocation of a permit for a U.S. LNG export terminal. The show concludes with a brief update on oil and gas market movements and inventories.Highlights of the Podcast00:00 - Intro01:36 - In 2024, Biden Admin Churned Out $1.2 Trillion In New Regulations03:25 - DAVID BLACKMON: The Biden-Harris Energy Policy Is A Mess That Kamala Harris Now Fully Owns05:02 - Biden Is Dumping Billions Of Tax Dollars Into ‘Green' Projects Before Leaving Office06:29 - Aramco CEO: LNG is ‘on our radar screen'07:42 - California Energy Commission Proposes State Takeover Of Oil Refineries09:09 - Court pulls permit for NextDecade's US LNG export terminal12:19 - Markets Update14:48 - OutroPlease see the links below or articles that we discuss in the podcast.In 2024, Biden Admin Churned Out $1.2 Trillion In New RegulationsAugust 7, 2024 Mariel AlumitBiden's administration has added over a trillion dollars in compliance costs for new regulations in 2024 alone. President Joe Biden's administration has added over a trillion dollars in compliance costs for new regulations so far […]DAVID BLACKMON: The Biden-Harris Energy Policy Is A Mess That Kamala Harris Now Fully OwnsAugust 7, 2024 Mariel AlumitThe Biden-Harris Department of Energy, led by Energy Secretary Jennifer Granholm, announced Tuesday the awarding of debt-funded grants totaling $2.2 billion to help fund 8 power transmission projects impacting more than 1,000 miles of lines across 18 […]Biden Is Dumping Billions Of Tax Dollars Into ‘Green' Projects Before Leaving OfficeAugust 7, 2024 Mariel AlumitBiden's federal agencies are giving billions in taxpayer-funded grants for an assortment of climate boondoggles around the country. With its July 22 announcement that it is disbursing $4.3 billion in taxpayer-funded grants for an assortment […]Aramco CEO: LNG is ‘on our radar screen'August 7, 2024 Mariel Alumit“LNG is on our radar screen. We are making big investments globally in LNG,” Nasser said on Tuesday during Aramco's H1 results call. Saudi Arabia's Aramco made its first international investment in LNG last year […]California Energy Commission Proposes State Takeover Of Oil RefineriesAugust 6, 2024 Mariel AlumitJust as Chevron Oil company announced that it is moving its headquarters to Houston Texas from San Ramon California, California Energy Commission regulators announced proposed government controls of the petroleum industry, ostensibly in order to combat future […]Court pulls permit for NextDecade's US LNG export terminalAugust 7, 2024 Mariel AlumitA ruling by the D.C. Circuit Court has revoked NextDecade's permit issued by the Federal Energy Regulatory Commission (FERC) for its Rio Grande LNG export terminal in Texas. In a case put in front of […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

What does Joe Biden's withdrawal from the presidential race mean for markets?; Australians asked to consider reverse mortgages; NAB lowers its fixed rate; Crowdstrike's share fallout; Woodside in for US LNG assets; commercial real estate softer than it once was; the world turns to “recession” pop to break the blues; and Adam Dawes joins us for the Market Wrap.   Host: Deborah Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Tuesday 23 July 2024 Donors pour tens of millions of dollars into the Democrat's campaign for the White House as vice-President Kamala Harris firms as the person to take on Donald Trump.   Woodside buys a US LNG group for nearly $2 billion The number of Australians accessing the government's reverse mortgage-style product surges And the government pushes for more female representation on peak sporting groups Plus don't miss the latest episode of How Do They Afford That? - an honest look at money in a relationship. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts. Publicly traded entities discussed today include -  ASX: COL, GMG, IFL, IRE, QBE, REA, S32, WES, WDS, WOW S&P 500: CRWD, TELL NASDAQ: GOOG, TSLAFind out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

In the next episode of the Energy Connects podcast, Chiranjib Sengupta hosts Massimo Di Odoardo, Vice President of Gas and LNG Research at Wood Mackenzie, and Eugene Kim, Research Director at Wood Mackenzie's Americas Gas Research team, to dive deep into the debate over whether data centres and AI could shake up the global LNG market. Outlining the evolution of the US shale gas market, Massimo and Eugene provide valuable insight into how that will define the competitiveness of the US LNG sector, and the long-term outlook on LNG markets and contracts developing globally. With digitalisation and AI seen as essential enablers of the energy transition, they also discuss why upscaling both will lead to a massive surge in power demand, and how the energy sector is likely to cope with it.

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss various headlines including Shell's new carbon capture and storage project in Canada, U.S. sanctions on an Iranian shadow banking network, and the continued dominance of Dutch and French terminals as top destinations for U.S. LNG supplies. Additionally, Saudi Aramco plans to buy a 25% stake in a U.S. LNG project, and Quantum Capital Group's $1.8 billion acquisition of Kerosene Oil and Gas in a secondary market deal. They also touch on the recent crude oil inventory rise and its minimal impact on prices.Highlights of the Podcast00:00 - Intro01:22 - Shell to build carbon capture and storage projects in Canada03:35 - US Treasury imposes sanctions on Iranian shadow banking network laundering oil money05:07 - Dutch and French terminals remain top destinations for US LNG supplies07:37 - Saudi Aramco Set to Buy 25% in U.S. LNG Project10:20 - Markets Update11:41 - Quantum Capital to acquire Caerus Oil and Gas in $1.8bn deal14:21 - OutroPlease see the links below or articles that we discuss in the podcast.Shell to build carbon capture and storage projects in CanadaJune 26, 2024 Mariel AlumitShell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately […]US Treasury imposes sanctions on Iranian shadow banking network laundering oil moneyJune 26, 2024 Mariel AlumitThe US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […]Dutch and French terminals remain top destinations for US LNG suppliesJune 26, 2024 Mariel AlumitDutch and French LNG import terminals remained the top destinations for US liquefied natural gas supplies in April, as European terminals continue to receive the majority of US LNG volumes, according to the Department of Energy's […]Saudi Aramco Set to Buy 25% in U.S. LNG ProjectJune 26, 2024 Mariel AlumitSaudi Arabia's oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra's Port Arthur LNG project and potentially acquire 25% in the project's Phase 2, the U.S. and Saudi firms said on Wednesday. Under […]Quantum Capital to acquire Caerus Oil and Gas in $1.8bn dealJune 26, 2024 Mariel AlumitUS-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources. The deal involves Quantum Capital buying Caerus […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB TopEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

Interview recorded - 29th of May, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Adam Rozencwajg. Adam is the Managing Partner at Goehring & Rozencwajg Associates.During our conversation we spoke about Adam's outlook for energy markets, how the energy markets are still undervalued, why he sees US LNG as being vastly undervalued, Uranium, precious metals and more. I hope you enjoy.0:00 - Introduction0:42 - Overview of energy markets?1:31 - Adam bullish on US natural gas10:33 - What does this mean for global LNG markets?14:53 - No LNG supply glut20:21 - Oil markets and peak oil26:05 - New oil to replace US?28:52 - Still bullish on Uranium & Nuclear?31:21 - How is Adam positioned?38:03 - Silver have similar trend to Gold?39:57 - Copper outlook?44:30 - One message to takeaway from conversation?Currently, Adam is the Managing Partner of Goehring & Rozencwajg, Natural Resource Investors.Adam has many years of investment experience. Between 2007 and 2015, he worked exclusively on the Global Natural Resources Fund at Chilton Investment Company with Mr. Goehring.Prior to joining Chilton Investment Company, Adam worked in the Investment Banking department at Lehman Brothers between 2006 and 2007.He holds a Bachelor of Arts degree with a major in Economics/Philosophy from Columbia University and is a CFA charter-holder. Adam Rozencwajg - Website - https://www.gorozen.com/Twitter - https://twitter.com/Go_RozenLinkedIn - https://www.linkedin.com/in/adam-rozencwajg-770614/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

The threat of a wider Middle East war is increasing. Over the past weekend, Iran attacked Israel with missiles and drones in retaliation for Israel's suspected strike on Iran's embassy in Syria. This week, our guest, Raoul LeBlanc, Vice President, Energy, S&P Global Commodity Insights, explains why oil prices have increased over the past few months, including the impact of the growing conflict in the Middle East, OPEC+, and US shale oil growth. Jackie and Peter also asked Raoul about recent research by Prof. Robert Howarth from Cornell University. The paper, which has not yet been peer-reviewed, concludes that US LNG could be comparable to, or even worse than, coal from a GHG emissions perspective when methane leaking is considered. A BNN article reported that Howarth's paper influenced President Biden's pause on LNG approvals.  Finally, Raoul explains the drivers for US oil and gas producers' recent mergers and acquisitions (M&A) and if this trend could come to Canada. Content referenced in this podcast:  How One Scientist Influenced Biden's Pause on LNG Approvals (BNN Bloomberg, Feb 29, 2024) The Greenhouse Gas Footprint of Liquefied Natural Gas (LNG) Exported from the United States by Robert W. Howarth, Department of Ecology & Evolutionary Biology, Cornell University (version is not final and it is currently in a peer review process; original version submitted October 2023, revised version submitted March 2024) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/   Check us out on social media:  X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research Institute  Subscribe to ARC Energy Ideas Podcast Apple Podcasts Google Podcasts Amazon Music Spotify   

Until the Ukraine War, Russia was Europe's biggest supplier of natural gas. After the invasion, political leaders wanted off Russian gas, and fast. So, they turned to the U.S. In part two, we follow American gas all the way to Germany — Europe's biggest energy consumer, where the energy crisis hit hardest. US LNG provided a lifeline for Germany. But what happens when a country gets hooked? “All Gassed Up” is a special 3-part series from Sea Change. This special series is part of the Pulitzer Center's nationwide Connected Coastlines reporting initiative. For more information, go to pulitzercenter.org/connected-coastlines. This episode was hosted, reported, and produced by Carlyle Calhoun and Halle Parker. It was edited by Morgan Springer, Rosemary Westwood, and Eve Abrams. Additional help was provided by Ryan Vasquez and Eva Tesfaye. The episode was fact-checked by Garrett Hazelwood. Our sound designer is Emily Jankowski. Our theme music is by Jon Batiste. Special thanks to Andy Gheorghiu, Felix Heilmann, Julian Wettengel, Boris Richter, and all of the people who helped us with our reporting in Germany. Sea Change is a WWNO and WRKF production. We are part of the NPR Podcast Network and distributed by PRX. To see more of our reporting on LNG, visit WWNO.org/podcast/sea-change. And to help others find our podcast, hit subscribe wherever you get your podcasts, and don't forget to rate and review!

In Episode 89 of The Energy Question, David Blackmon talks with S&P Global Vice Chairman Daniel Yergin, author of "The New Map," "The Quest," and "The Prize."Highlights of the Podcast01:06 - Ceraweek this year01:27 - The energy industry03:50 - The Return of Energy Security06:13 - Russia's invasion of Ukraine07:15 - The world's largest exporter of LNG09:37 - Russian gas had a competitor11:29 - Prime Minister Modi of India14:17 - EVs in the United States15:20 - The whole energy transition question16:34 - The American automobile makers other than Tesla19:10 - Tesla might never have happened21:16 - Disadvantage Chinese cars23:09 - The Houthi rebels in Yemen24:09 - The amount of Atlantic Ocean26:08 - Guyana and Suriname developments27:04 - A multi-dimensional energy transitionIn this episode, Dan provides a preview of the upcoming CERAWeek conference in Houston, and also gives us his views on the following major topics of the day: - The vital importance of the maintenance of energy security in the US and globally; - Reasons why developing nations insist on continued, growing reliance on fossil fuels; - The status of the energy transition; - The importance of US LNG, and the potential impacts from the Biden decision to "pause" permitting of new export facilities; - The situation in the Middle East and its impacts on oil supplies, trade routes and prices; - And more.Enjoy!Books by Daniel Yergin: https://www.amazon.com/stores/Daniel-Yergin/author/B000APBBPI?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=trueDan's piece on Energy Security: https://www.spglobal.com/en/research-insights/featured/special-editorial/look-forward/the-return-of-energy-securityCERAWeek Home Page: https://ceraweek.com/about/index.html

The team behind the top global affairs podcast, One Decision, brings you "Power Decisions," a new energy series that explores the world's energy sources and the politics and power behind the clean transition. At the beginning of a critical election year in the United States, the Biden administration made waves when it announced a pause on proposed liquid natural gas export projects in the US. In 2023, the US became the number one exporter of LNG—surpassing previous global leaders in the industry. American LNG exports have helped Europe keep the lights on as the war between Ukraine and Russia severed other energy sources. But President Biden, in keeping with his climate commitments to younger voters and green groups, announced the pause while his administration conducts public interest reviews on future projects. Guest host and journalist Liz Landers convenes a roundtable of energy reporters: Timothy Gardner of Reuters, POLITICO's Ben Lefebvre, and The Hill's Zachary Budryk. They discuss the reasons behind the Biden administration's decision, the reaction from the European Union and other nations relying on US LNG exports, impacts on US national security, and how the decision could affect the clean energy transition.

The US Department of Energy in late January hit “pause” on its work issuing key LNG export permits. About 30 million mt/year of probable export capacity additions in the US and Mexico are at risk because of the permitting hold. Climate activists have celebrated the White House decision as a massive win, while industry groups have warned that it could endanger future LNG projects and undermine the role of the US as an LNG exporter. But Arvind Ravikumar, co-director of the Energy Emissions Modeling and Data Lab and a professor within the University of Texas at Austin's Department of Petroleum and Geosystems Engineering, believes this is the wrong debate to be having. S&P Global Commodity Insights Americas LNG reporter Corey Paul caught up with Ravikumar for the podcast. And Ravikumar shared his perspective on the way we should be thinking about the future of US LNG exports. Stick around for Jeff Mower with the Market Minute, a look at near-term oil market drivers.   Related content: We are having the wrong debate about Biden's decision on liquefied natural gas: Arvind Ravikumar White House declares pause on key US LNG export permits, policy review US producers tout LNG growth outlook despite regulatory uncertainty US Senate weighs long-term impact of Biden's LNG permitting pause (subscriber content)

NATO's new cold war on Russia and China is destroying Germany's industrial base, devastating Europe's economy, and destabilizing its politics, fueling the rise of the far-right, as neoliberal austerity policies exacerbate the ongoing recession. Ben Norton analyzes the evidence. Links: - EU confesses ‘our prosperity was based on China & Russia': cheap energy, low-paid labor, big market: https://geopoliticaleconomy.com/2022/10/18/eu-prosperity-china-russia-energy-market - German lawmaker denounces Ukraine 'proxy war' and US 'terror attack' on Nord Stream pipelines: https://geopoliticaleconomy.com/2023/02/22/germany-ukraine-nord-stream-sevim-dagdelen - How corporate profits are driving inflation, not workers' wages: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf Topics 0:00 Crisis in EU's economic heart: Germany 5:04 EU admits "our prosperity was based on China and Russia" 6:51 German industry 8:09 US-NATO "vassalization" of Europe 10:09 Cheap Russian gas or expensive US LNG? 13:37 Corporations and speculators profit 17:08 Greedflation 19:08 Neoliberal austerity is back 21:24 US Inflation Reduction Act (IRA) 23:52 Economic war on China backfires 27:01 Rise of far-right 29:46 Germany's leftist anti-war alternative 33:01 Environmentalist policies are not the problem 34:56 Outro

Today we had the pleasure of hosting Fred Hutchison, President and CEO of LNG Allies, for a comprehensive discussion on an important and timely topic, LNG. Fred founded LNG Allies in 2014 and is a leading spokesman for the US LNG export industry with over four decades of experience in government and public relations. LNG Allies is an independent, non-profit association focused on advancing the interests of the US LNG industry and promoting the benefits of LNG exports. We were thrilled to visit with Fred. We covered a lot of territory in our conversation starting with background on the formation of LNG Allies, the significant shift in the US from being an importer to becoming the world's largest exporter of LNG in a relatively short period, gratitude from European countries towards the US for supplying LNG in the post Ukraine invasion energy crunch, the ongoing debate about natural gas as a lower impact fuel and its role in the energy transition, the impact of recent geopolitical events and energy prices on energy security and industrial activity, and potential motivations and implications behind the Biden Administration's pause on LNG approvals. We touch on the shift in resistance to long-term LNG contracts, opposition and lobbying against LNG exports, global trust in the US as a supplier and concerns about reliability with changing administrations, the potential for LNG growth in other countries, the impact of US policy decisions on energy supply, and concern with the lack of understanding among policymakers about energy issues. Fred shares his perspective on the diverse export market for LNG, emerging markets in future LNG demand, challenges faced by countries in accessing financing for LNG projects due to credit rating issues, and much more. We ended by asking Fred for his view on the state of journalism and public debate as a writer himself. It was a wide-ranging and in-depth conversation and we can't thank Fred enough for sharing his time and thoughts with us. In our discussion, you will hear we reference a few items. The IEEJ's January 2024 report is linked here and the Wall Street Journal op-ed regarding the IEA is linked here. For additional LNG reading, the LNG Allies' report on US LNG projects and contracts as of February 3rd is linked here and a recent letter to Congress on the LNG Moratorium is linked here. Mike Bradley kicked us off by sharing key economic, equity market, commodity and energy sector thoughts. On the economic front, January CPI printed hotter than expected, pushing the 10-year yield bond up and calling into question the pace of future FED rate cuts. On the broader equity market front, even though the hotter than expected CPI pushed the DJIA down over 500 points, he stressed that market volatility remains historically low and investor sentiment remains bullish. On the commodity market front, WTI price surged to ~$78/bbl. (+$5/bbl. on the week) which is the upper end of its 3-month trading range. He noted several recent crosscurrents effecting crude oil markets and highlighted that U.S. natural gas prompt price plunged to ~$1.65/MMBtu (lowest price level since Covid in 2020 and prior to that 1999) and noted that the 12-month strip traded down to ~$2.50/MMBtu, which is below “most” U.S. natural gas E&Ps break-even price. On the traditional energy sector front, he highlighted this week's $26 billion merger deal between Diamondback Energy and Endeavor Energy, w

In this latest OIES podcast, brought to you by the Gas Programme, James Henderson talks to Mike Fulwood and Jack Sharples about the recent decision by the US government to pause the approval of new LNG export contracts to non-FTA countries. This decision has taken the gas market by surprise as it implies the delay […] The post OIES Podcast – What next for US LNG? appeared first on Oxford Institute for Energy Studies.

The US is the world's largest exporter of liquefied natural gas (LNG), super-cooled to about -160 °C (or -260 °F) so it can be shipped in tankers. An investment boom means export capacity will soar over the next few years. But last month the Biden administration signaled it was putting the brakes on future growth, announcing a “pause” in new approvals for LNG plants to export to nations that don't have a free trade agreement with the US.This decision is expected to stall future US LNG projects by preventing them accessing key global markets including the EU, China, Japan, and the UK. The pause could be an issue in November's elections: former President Donald Trump has said he would immediately restart approvals if elected.On the show this week, Ed Crooks is joined by Melissa Lott, Director of Research at Columbia University's Center on Global Energy Policy, and Emily Grubert, Associate Professor of sustainable energy policy at the University of Notre Dame, to discuss the implications of the pause for both the US and the global energy market.If the US is exporting less gas, what will that mean for buyers around the world? What will be the impact on global greenhouse gas emissions, and living standards in lower-income countries? And what are the Biden administration's motivations in announcing the pause? The gang explore the issues.Also on the show, the fuel that could replace natural gas, at least for some uses: hydrogen. There has been a lot of excitement over hydrogen, especially over green hydrogen made by electrolysing water, which could in principle have zero carbon emissions. But how green is it really?The US Treasury and Internal Revenue Service (IRS) have had a go at answering that question, setting out practical rules for defining low-carbon hydrogen, so they can decide on eligibility for tax credits under the 2022 Inflation Reduction Act. Melissa, Emily and Ed debate whether these proposed rules make sense, and what they mean for the development of a low-carbon hydrogen industry in the US and around the world.The Energy Gang is partnering with Distributech, the premier annual event for energy transmission and distribution. This year it's in Orlando, Florida, from Februrary 26th. We'll be recording a special episode from the event, which will be out on Thursday the 29th as the event wraps up. Claim 20% off your registration with the code DTPART33. Articles referenced in this episode:www.energypolicy.columbia.edu/consequences-of-the-pause-for-us-lngwww.energypolicy.columbia.edu/publications/advancing-corporate-procurement-zero-carbon-electricity-united-states-moving-re100-zc100/ iopscience.iop.org/article/10.1088/1748-9326/ac71ba/meta www.nytimes.com/2023/08/07/opinion/oil-fossil-fuels-clean-energy.htmlSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We talk about a new law in the States that brings problems for an LNG line, and the crazy amount of air pollution rising from the oil sands. Stefan speaks with Prof. Stephen Scharper about the origins of democracy.

Speakers:     Shikha Chaturvedi, Head of Global Natural Gas Research   Gregory Shearer, Head of Base and Precious Metals Research   There are two interesting supply dynamics happening in two very different commodities that are both grabbing a lot of attention in early 2024: copper and natural gas (both dry gas and LNG). In copper, a tightening across the upstream concentrate market is happening much quicker than expected and appears to be lurching towards a breaking point.  The boosted risk of margin-induced production cuts at smelters could lead to a deeper refined copper deficit over the course of this year and continues to boost our conviction in a bullish trajectory for prices. In natural gas we cover some of the recent whipsaw moves in US natural gas prices and whether it is enough to change near-term production estimates out of the US. Additionally, we address today's announcement by the Biden Administration of a temporary halt in approvals for US LNG export facilities and its potential impact to the global market.     This podcast was recorded on Jan. 26, 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4582924-0, https://www.jpmm.com/research/content/GPS-4606675-0, https://www.jpmm.com/research/content/GPS-4606708-0, and https://www.jpmm.com/research/content/GPS-4591164-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.  

Investors are split on the outlook for natural gas as “peak shale” may be on the horizon. Here's what to expect in 2024.----- Transcript -----Welcome to Thoughts on the Market. I'm Devin McDermott, Head of Morgan Stanley's North American Energy Research Team and the Lead Commodity Strategist for Global Gas and LNG Markets. Today, I'll be talking about some of the big debates around natural gas and shale in 2024. It's Thursday, January 11th at 10 a.m. in New York. The evolution of shale as a viable, low cost energy resource, has been one of the biggest structural changes in global oil and gas markets of the past few decades. In oil, this turned the U.S. into the world's largest producer, while falling costs also led to sharp deflation in prices and global oversupply. For U.S. natural gas, which is more regionally isolated, it allowed the market to double in size from 2010 to 2020, with demand growing rapidly across nearly every major end-market. Over this period, the U.S. transitioned from a net importer of liquefied natural gas, or LNG, to one of the world's largest exporters. But despite this robust growth, prices actually declined 80% over the period as falling cost of U.S. shale and pipeline expansions unlocked low cost supply. Now looking ahead after a multi-year pause, the US is set to begin another cycle of LNG expansion. This comes in response to some of the market shocks from the Russia/Ukraine conflict, including loss of Russian gas into Europe, as well as strong demand growth in Asia, where LNG serves as a key energy transition fuel. In total, projects that are currently under construction should nearly double US LNG export capacity by the later part of this decade. While the last wave didn't drive prices higher, this time can be different as it comes at a time when some investors feel like peak shale might be on the horizon. Shale is maturing, well costs and break-evens are generally no longer falling, and pipe expansions have slowed significantly due to regulatory challenges. While many of these issues are more apparent on the oil side, there are challenges for gas as well. Notably, the lowest cost US supply region, the Marcellus in Appalachia, is constrained by lack of infrastructure. As a result, meeting this demand likely elicits a call on supply growth from higher cost regions relative to last cycle. This not only includes the Haynesville, a gas play in Louisiana, but also the Eagle Ford in Texas and Basins in Oklahoma, potentially requiring prices in the $4 to $5 per MMBtu range to incentivize sufficient investment. Investors are split on the natural gas outlook. Bears argue that abundant, low cost domestic supply will meet LNG demand without higher prices, just like last time, while bulls backed higher prices this time around. Now, strong supply and a mild start to the winter heating season has actually pushed Henry Hub prices lower to close out 2023, bringing year-to-date declines to 50%. While this drives a softer set up for the first half of 2024, lower prices also come with a silver lining. This should help moderate potential investment in new supply ahead of the pending wave of LNG expansions. As a result, we believe the bearish near-term setup may prove bullish for the second half of 2024 and 2025. A dynamic many stocks in the sector do not fully reflect. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

Congress is probably going to send approximately $50 billion more, most of that for weapons, to continue the war in Ukraine. In November, high ranking officials from the State Department testified about how the Biden administration intends to use our money and why. In this episode, hear the highlights of their testimony and decide for yourself if you think their goals are worth sacrificing more American money and Ukrainian lives. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes WTF is the World Trade System? Naomi Klein. Picador: 2008. Nicole Narea. October 13, 2023. Vox. Offshore Technology. Ukraine: How We Got Here Branko Marcetic. February 7, 2022. Jacobin. Stanley Reed and Andrew E. Kramer. November 5, 2013. The New York Times. Marieke Ploegmakers. February 5, 2012. All About Feed. Arseniy Yatsenyuk Official Website. Retrieved on December 16, 2023. Wikipedia: The Free Encyclopedia. The Ukraine War, by the Map Defence Intelligence, UK Ministry of Defense. December 15, 2023. GlobalSecurity.org. Visual Journalism Team. November 16, 2023. BBC News. Josh Holder. September 28, 2023. The New York Times. @war_mapper. December 31, 2022. GlobalSecurity.org. U.S. Support for Ukraine Karoun Demirjian. December 6, 2023. The New York Times. The IMF in Ukraine Oleksandra Betliy. May 5, 2023. Carnegie Endowment for International Peace. March 31, 2023. International Monetary Fund. Estelle Nilsson-Julien and Ilaria Federico. March 5, 2023. Euronews. December 21, 2022. International Monetary Fund. Diplomacy Connor Echols. December 1, 2023. Responsible Statecraft. Seymour Hersh. December 1, 2023. Seymour Hersh on Substack. Olena Roshchina. November 24, 2023. Ukrainska Pravda. The Toll of War Jonathan Landay. December 12, 2023. Reuters. John Mazerolle. December 8, 2023. CBC News. Inae Oh. November 8, 2023. Mother Jones. Oleg Sukhov. September 28, 2023. The Kyiv Independent. Israel-Palestine Ian Black. Narrated by Michael Page. Tantor Audio: 2018. Darryl Cooper. The Martyrmade Podcast. Audio Sources November 8, 2023 Senate Foreign Relations Committee Witnesses: , Assistant Secretary of State, European and Eurasian Affairs , Assistant Secretary of State, Energy Resources , Assistant Administrator, Europe and Eurasia, United States Agency for International Development (USAID) Clips 1:55 Sen. Ben Cardin (D-MD): The supplemental funding will strengthen governance and anti-corruption systems. It will improve the resilience of our economies and our energy supply. It will support efforts to come out of the other side of this. We're ready for Ukraine to join EU and also NATO. But this investment in Ukraine goes far beyond its borders. By degrading Russia's military capabilities, we're also degrading the capabilities of those who Russia works with, like Iran, Hamas, and Hezbollah. 10:30 Sen. Ben Cardin (D-MD): First Assistant Secretary of State for European and Eurasian Affairs James O'Brien. Assistant Secretary O'Brien assumed his role just last month after serving as sanctions coordinator at the State Department. He is a former career employee of the department receiving numerous performance awards and serve to previous US administration's as Special Presidential Envoy for hostages and for the Balkans. 11:00 Sen. Ben Cardin (D-MD): The next will be Assistant Secretary for Energy Resources, Jeffrey R. Pyatt. No stranger to this committee, career diplomat Assistant Secretary Pyatt has been in his current role since September 2022. He served as US Ambassador to Greece and Ukraine. He has held numerous leadership positions through out the department and has won numerous awards. 11:25 Sen. Ben Cardin (D-MD): And our third witness is Assistant Administrator Erin McKee, who serves as the Assistant Administrator in the Bureau of Europe and Eurasia at USAID. Prior to this position, she was the US Ambassador to Papua New Guinea and to the Solomon Islands. Prior to her Ambassador appointments, as a member of the Senior Foreign Service she served in numerous leadership roles throughout USAID and the embassies abroad. Before her US government career she developed private sector experience including throughout the former Soviet Union. 14:40 James O'Brien: This is around the Black Sea and Crimea. Ukraine has, through its own ingenuity and with weapons that have been provided, loosened Russia's grip. Russia tried to blockade the ability of Ukraine to export, but now Ukraine is starting to export more grain, more metals. And this is enabling it to pay for more of its war itself. So just a few numbers as we go through this. Ukraine is hoping to get about 8 million tons of grain and metals out through the Black Sea over the course of the next year. If it does that, it will provide about $5-6 billion more for its tax base than it has now. That helps to make up the shortfall that our supplemental will cover for the meantime. But it also then provides the employment for millions of its citizens to work within Ukraine. Now, that is a path to victory where we help Ukraine by providing assistance to have its energy grid strengthened, air defense over its employment centers, and the export routed needs so that it is able to fight this fight over the long term and to hold Russia off thereafter. 15:50 James O'Brien: The military assistance in the supplemental is about $45 billion. That goes to acquire American equipment that Ukraine will then use to pay for American service people to support Ukraine and to pay other countries to acquire American equipment after they provide equipment to Ukraine. 16:05 James O'Brien: The direct budget support that we provide to Ukraine enables Ukraine to put all of its tax dollars to support the war. Ukraine pays for about 60% of the costs of this war right now. The direct budget support pays for hundreds of thousands of educators, first responders, firefighters, and health care professionals to work within Ukraine. 16:55 James O'Brien: The next question is, who's with us? We have more than 40 countries. They provide much more assistance to Ukraine than we do. It's about $91 billion to our $70 billion so far. They've hosted 4.5 million Ukrainian refugees at a cost of around $18 billion. They are proposing another $50 billion in assistance just from the European Union. 17:30 James O'Brien: Right now, Ukrainians are willing to do this job because it's in their territory. If we abandon them, then somebody else is going to have to do this job later and it's likely to be us. So I'd rather confront Russia and its destabilizing attitudes right here, right now, and we can finish the job with the supplemental that we've proposed for your consideration. 18:45 Geoffrey R. Pyatt: For Ukraine, this coming winter promises to be even more challenging than the last. Ukraine's generation capacity has degraded about 50% since the start of the war. Ukrainian energy workers have labored day and night, often under fire, to repair, restore, and harden grid and generation facilities, often by cannibalizing parts from elsewhere. But most spare parts by now have been consumed, and Russia has recently resumed its bombardment of power plants and refineries, including just this morning in eastern Ukraine. 20:50 Geoffrey R. Pyatt: The World Bank has estimated that after last winter, Ukraine needed at least $411 billion to rebuild its infrastructure. That was eight months ago. Every day that number grows. Electricity grid damage alone amounted to $10 billion in 2022. Ukraine's economic future depends on investment by the private sector, and energy is key to unlocking that industrial recovery. 21:25 Geoffrey R. Pyatt: American energy companies like Halliburton, GE, and EQT have been active partners in this effort, providing vital equipment to Ukraine and actively exploring future commercial opportunities. We're working together to build a better future for and with Ukraine -- modern, cleaner, and with a more decentralized power sector that is fully integrated with Europe, even serving as a power exporter to the rest of the European Union. 22:10 Geoffrey R. Pyatt: After the full scale invasion, US LNG producers stepped up to surge supplies to Europe, as our allies turned away from Russia as an energy source. Since 2022, US exporters have supplied the EU with approximately 90 million tons of LNG -- three times as much as the next largest supplier. Last year, 70% of US LNG exports went to Europe. Europe's shift away from Russian energy has happened much faster than predicted, and marks a permanent shift in the International Energy map. 25:30 Erin McKee: In response to the immediate crisis, USAID has provided nearly $2 billion in humanitarian assistance to Ukraine since February of 2022. The generosity of the American people has supplied emergency health care, agriculture and energy support to Ukraine's most vulnerable populations. And thanks to the Congressional appropriations, USAID disbursed reliable, sustained direct budget support to the Ukrainian government, along with unprecedented levels of oversight. This enabled first responders, health care workers, teachers and others to continue their vital work and sustain Ukraine's economy and institutions while they defend their country's freedom and sovereignty. 26:10 Erin McKee: To respond to Russia's weaponization of hunger, USAID launched the Agriculture Resilience Initiative to keep farmers afloat. USAID also works very closely with the private sector to improve Ukraine's energy security and transform Ukraine's energy sector into a modern engine of growth. Side by side with our agriculture and energy efforts is USAID's support to small and medium enterprises, helping Ukraine increase jobs and generate revenue. 26:45 Erin McKee: At this time, there is no funding left for direct budget support. Without further appropriations, the government of Ukraine would need to use emergency measures such as printing money or not paying critical salaries, which could lead to hyperinflation and severely damage the war effort. USAID has also exhausted all of its supplemental humanitarian assistance funds. Additional funding is critical in the face of what remains an enormous need. If Congress does not approve supplemental funding, our partner organizations in Ukraine would have to either reduce the number of people getting this humanitarian assistance by up to 75% or suspend our humanitarian programs entirely. 27:30 Erin McKee: USAID also looks to the future to building resilient infrastructure and institutions that will support Ukraine's path towards European Union integration. For decades, USAID has buttressed Ukraine's progress towards transparent, inclusive and accountable governance. The United States continues to help Ukraine carry out judicial reform, institutionalized transparent financial systems, and respond to the people of Ukraine's zero tolerance for corruption. 33:15 Erin McKee: They have not skipped a beat in advancing the reform agenda. The EU report just came out this morning and both Ukraine and Moldova, and a variety of other countries, received support for continuing and opening chapters of recession talks. That's because our support to strengthening and deepening the institutions fighting corruption in Ukraine have received the top priority from the President. They had to pass and meet conditionality that we put on our direct budget support and did so without blinking. So while they're fighting a war and fighting for their survival, they are 100% dedicated to ensuring that the political economy model that they inherited during the Soviet Union is dismantled, which reflects the will of the Ukrainian people. 34:35 Geoffrey R. Pyatt: And one of the real success stories amid the tragedy of this war is that Europe has turned decisively away from its dependence, up until 2022, on Russian gas in particular. I see that as a permanent change in the landscape. It's reflected in the billions of dollars that European countries have invested in regasification facilities. It's reflected in the contracts that are being signed with American LNG producers. And it's also reflected in Europe's renewed and doubled commitment to accelerating the pace of its energy transition. So ironically, Putin's weaponization of his energy resource has induced Europe to break its vulnerability there and I think that is a permanent change in the landscape. That is also a positive benefit for American energy producers in our leadership on the energy transition. 35:55 Sen. James Risch (R-ID): I want to talk about the nuclear reactors we have in the United States, of which there are 95, give or take a few. Would you tell the committee, please, where does the fuel come from to operate these nuclear facilities? Geoffrey R. Pyatt: So, Ranking Member, about 20% of the fuel that operates our nuclear fleet here in the United States still comes from Russia. The President has included in his latest supplemental request for about $2.2 billion to help rebuild the nuclear enrichment capacity that we need here in the United States to end that dependency. And the administration has also stated its support for a ban on the import of Russian nuclear fuel. 43:30 Erin McKee: Right now Ukraine is able to spend all of their national budget in the fight. They are paying their soldiers salaries, they are dedicated to defeating Putin on the front lines. That means they don't have any resources to take care of their people and govern, which is as vital to keep up the unity of purpose and the resilience that we've seen from the Ukrainian people, because they're all in, both on the civilian and the military side. So the types of services that would be suspended are first responders who rush into the building and save lives, medical care to make sure that inoculations stay up so that the Ukrainian population stays healthy, particularly children's routine immunizations. We heard reports of polio outbreaks and some other concerns during the early days of the mass emigration of folks fleeing the conflict. We also are supporting teachers and continuing education so that they don't lose a generation as a result of Putin's attacks on civilians and civilian infrastructure so that the kids can stay in school, and that those families — Sen. Chris Coons (D-DE): Am I correct that the direct budget support requested gradually goes down over the next year, as the economy becomes more vibrant and we assess Ukraine is able to generate more revenue? Erin McKee: Correct. The direct budget support and their fiscal stability is also vital for the IMF program and other donors stepping in. Our leadership in this space -- and yes, we were first -- unlocked the other support that we've seen mobilized from the EU and other donors, as well as boosting the confidence in the multilaterals to be able to contribute to Ukraine's economic stability, which is as vital as winning the war. If their economy collapses, Putin will have won. 47:55 Sen. Rand Paul (R-KY): As Harvard's Graham Allison points out, if Putin is forced to choose between humiliating defeat on the one hand and escalating the level of destruction, there's every reason to believe he chooses the latter. There's a great deal of evidence that the war in Ukraine has come to a stalemate. Even Ukraine's Commander in Chief of the armed services has admitted as much. In Graham Allison's view, the Ukraine war has escalated far enough to see how bad things would become if we end up in a world where nuclear weapons are used. Allison believes that where we are now, both for Putin's Russia and for the Biden-led US and the Western alliance, it's time to search for an off ramp for all the parties. What is being done at the State Department to search for an off ramp. James O'Brien: Thank you, Senator. A few points. I mean, I can speak to the foreign policy implications. My belief is if we don't stand with Ukraine now, we'll be spending much more on defense in the future. Much of this supplemental goes to reinvest in the United States, so far from rot and ruin, we're actually shoring up the foundations in our energy sector as Assistant Secretary Pyatt — Sen. Rand Paul (R-KY): So your argument is that war and funding war around the world is good for our armaments industry. James O'Brien: I'm saying this supplemental is good for our economy — Sen. Rand Paul (R-KY): For the armaments industry. So really, it's a justification of war. To me, that's sort of reprehensible -- and this is coming from my side as well -- the idea that "Oh, glory be, the war's really not that bad. Broken windows are not that bad, because we pay people to fix them. Broken countries are not so bad, because hey, look, the armaments industry is gonna get billions of dollars out of this." I think that's a terrible argument. I wish y'all would go back to your freedom arguments or something. But the idea that you're going to enrich the armaments manufacturers, I think is reprehensible. James O'Brien: Well, Senator, I'm not making the argument war is good. I'm making the argument, in this case, war is necessary. Sen. Rand Paul (R-KY): And that we can make a little profit on the side. It's not so bad since the armaments guys who make a lot of profit on this, right. James O'Brien: Senator, I think you're proposing a kind of false choice that Ieither have to say that or say nothing. What I'm saying is that our economy rests on a foundation of innovation. And in the supplemental, we're investing in our energy sector — Sen. Rand Paul (R-KY): But the money is borrowed. We're borrowing the money. We don't have it. We don't have a pot of money. So what you're arguing is, in essence, that we borrow the money from China, we send it to Ukraine, Ukraine, sends it back to buy arms from us, and that's a win-win. How do we win when we're borrowing money to pay people. See this is this false sort of argument that "oh, look, we'll create five jobs for every dollar we spend," but we're borrowing the money. It doesn't make any sense. It's coming from somewhere where it would be a productive use, into the use of basically fomenting a war and continuing on a war. James O'Brien: No, that's not the choice in front of us, Senator. And I'm sorry that you feel that that's the way you want to frame it. The choice in front of us is do we invest in the capacities that allow this war to be won? Those include capacities in energy, in defense, in IT, and they include — Sen. Rand Paul (R-KY): Let's get away from funding the armaments people. You know, I'm not for that. But the original question is, what are you doing to develop an off ramp? You know, when I listen to your presentations, it sounds like the Department of War, I don't hear the Department of diplomacy in front of me. Where are the diplomats? Is anybody talking about negotiation? Do you really believe that Ukraine is gonna push Russia out of out of Ukraine, they're gonna push them out of Crimea, push them out of the East, and that Zelenskyy's is position, "we will not negotiate till they're gone from Ukraine," is viable? And that there's not going to have to be some negotiation beforehand? If you believe that, though, the meat grinder continues and Ukraine will be in utter destruction and tens of thousands more people will die if there is no negotiation. You would think that as a superpower, we would be involved somewhat with encouraging negotiation. But I've heard nothing from you, and nothing from anyone in your administration, frankly, that talks about negotiating. James O'Brien: Well, Senator, then I hope you would sit down and talk with me about what we're doing in this regard. Here, I'll give you a little sense of it. All wars end with a negotiation. We've made clear we'll do that with Ukraine, not over Ukraine's head. It takes two parties to negotiate the end of a war. President Putin is not serious about negotiating the end of the war. He has said he wants to wait and see what happens in November 2024. We're preparing for that eventuality so we can have a negotiation that will actually stick as opposed to the track record of broken agreements that President Putin has made with a whole range of his neighbors up until now. So that's successful diplomacy, not mere diplomacy. Sen. Rand Paul (R-KY): There are actually some who say we're back to about where we started as far as negotiating and tens of thousands of people have died on both sides, and we haven't been successful. But I still hear only war and I don't hear diplomacy. James O'Brien: No but I think what we're looking at is successful diplomacy. I just spent last weekend with 66 countries talking about the basis of a successful peace in Ukraine. Russia didn't show up. That, again, is the problem. You don't have a willing partner on the other side, so simply saying that there must be talks is -- you're asking for a monologue, not diplomacy. 55:00 Sen. Jeff Merkley (D-OR): You know, I'm really struck by the parallel to the journey of Chamberlain to Munich to say, "Okay, Hitler, you can take a third of Czechoslovakia" and then he declared peace in our time, under the assumption that somehow this would not whet Hitler's appetite. Did Chamberlain's strategy work? James O'Brien: No. Sen. Jeff Merkley (D-OR): Will this strategy now, of us bailing on Ukraine to appease Putin, work? James O'Brien: No, it'll invite more aggression. 1:01:40 Sen. Pete Ricketts (R-NE): Do you think we should condition US aid to prevent US tax dollars from supporting PRC-owned or controlled entities from providing the reconstruction? James O'Brien: Senator, we do. That's why it's so important to have the supplemental so that we remain in the game and can set the conditions that make it impossible for opaque, illegitimate contractors like the Chinese to enter. And I know my colleagues can speak at some length about how in energy, telecomms, and other sectors we do exactly that. But if we're not there, then we can't we can't provide the guarantees you want. 1:05:35 James O'Brien: There are about $2.2 billion to go to both the energy supply and to the economic activity that's needed for Ukraine to begin to repair its access to the outside world. That's also important to us. When Russia invaded Ukraine, grain prices went up six times in many places around the world, because Ukraine is an incredibly important part of the global grain trade. The work that AID does to help Ukrainian farmers get their products to market, in the supplemental, the $100 million that is for demining will help farmers get their product to market. All of that directly benefits the markets in which our consumers are a part. So if we do all that, if we can get them to about pre-war export levels, that's an extra $6 billion a year in tax revenue just from the exports, as well as what the industries pay and what happens around the society. Now, Secretary Pritzker, and she should come and testify this herself, she's doing an outstanding job at building a strategy that lets us focus our efforts in key places, so that Ukraine's economy will begin to work and contribute to the global economy, even while this war is going on. All of that works together to make sure that Ukraine can succeed and has the leverage needed when we get to a negotiation, as Senator Paul wants. 1:13:55 Geoffrey R. Pyatt: So I would point out that the greatest threat to the energy grid today are the Shahed drones, which Russia is now beginning to industrialize the production of those. We can talk about that in a classified setting, but there is a direct Iran-Russia nexus in the attacks on Ukraine's energy system. 1:24:10 Geoffrey R. Pyatt: We are working as hard as we can to accelerate that trend. We do that through two mechanisms. One is by accelerating our energy transition, both here in the United States, but also globally, as the Biden administration has done through the Inflation Reduction Act to reduce the dependence on fossil fuels. But the other aspect of this is what we are doing systematically to reduce Russia's future energy revenue. Just last week, for instance, we leveled new sanctions against a project in the in the Arctic, Arctic LNG 2, which is Novatek's flagship LNG project, which Novatek set in motion with the aspiration of developing Russia as the largest LNG exporter in the world. Our objective is to kill that project, and we're doing that through our sanctions, working with our partners in the G7 and beyond. 1:26:00 James O'Brien: Russia is losing its lucrative markets. That's what got it rich enough to afford this war. It's losing out in the sectors of innovation that are going to drive economic development in the future. So we look at this and say, "Does it put pressure on Putin to get to the table?" Well, yes, it does. It's going to take a little time. He started the war with 640 billion in a rainy day fund. By the start of this year, despite record profits last year, he was down around 580, we immobilized 300 of that, and he spent down further from there. So that gives them a year, two years maybe, of run room on that rainy day fund that all came from selling oil and gas. So that's gone. The second thing is that we don't see Russia able to play in the sectors that are going to drive innovation and economic growth in the future. The areas of quantum mechanics, artificial intelligence, the energy transition, including the new nuclear technologies that are coming on board, and Senator Risch, your work on this I really appreciate, because Russia entangled countries in these long term networks of corruption, with generation-long Rosatom contracts. We're now competing for those again, and taking those sectors away from Russia. That changes the long term prospect from what it was. The result of all this is we anticipate that Russia's GDP is going to be at least 20% smaller by 2030 than it would be if Putin had not started this war. So it's a long term strategic loss for him, and it creates a great opportunity for us in a number of important sectors. 1:35:30 Sen. Marco Rubio (R-FL): I understand, and this is not critical. I agree that we can't allow borders to be changed unilaterally and we have to stand with our allies. I'm not diminishing any of those things. But those arguments are too vague. They make sense here, but I'm just telling you they're too vague. This notion that we need to do whatever it takes for however long it takes, is also misguided. Not because that's not necessarily what we need to do, but because that's not going to be enough for people who are asking these questions. I would just say if you had an opportunity, any of you three, or all you three to talk to someone, say someone that came up to me a week ago and said, "Why are we still putting all this money in Ukraine. I hate Putin, I hate what he's done, but we've got all these other things domestically and in other parts of the world that are more important, including China, and now what's happening in the Middle East. How are we going to be spending $60 billion every six months? For how long? Given the debt that we already have?" What would you say to them? And how would you explain to them that this fits into their national interest in that perspective I've just outlined? James O'Brien: That's really well framed, Senator, so I'll do my best here. I think the first thing I'd say is you got to shore up your own base. If we're going to confront China over the next decades, it's 1.4 billion people, that's looking to write the rules that the world economy will run on. We go at them with a coalition of 50-odd countries, Europe is about 600-700 million of that, we're 350 million. With that already, we're set to compete really effectively. Ukraine, though, is a challenge by Putin trying to fray that foundation. So we have to shore that up if we're going to have the heft to compete with China over time. The battle over Ukraine also allows us to reinvigorate our own industrial base, we're creating new energy technologies and putting them in place around the world. We're building new defense technologies, the work that's being done in IT, all of that's included in this supplemental, and that's going to make us better able to defend Taiwan, to work in the South China Sea, than we have otherwise. The final point I'd make is, this is the wrong time to walk away because Ukraine's winning. It's already taken back half the territory Putin seized since February 2022. It opened up the Black Sea grain lanes that Putin tried to shut down in July, did that mostly with its own creativity around a whole set of interesting drones and other technologies that are going to contribute to our security as Ukraine gets closer to NATO. So those are all reasons you don't walk away when you're partway through the job. 1:41:10 Geoffrey R. Pyatt: Ukraine is not a charity case. In economic and development terms, it's an opportunity. Developing that opportunity depends on restoring a level of peace. But as we look to the future, you're going to have a Europe which has decoupled from Russian energy supplies, which means that there's a hole of about 130 BCM per year in energy supply that Europe is going to have to fill. Over the short term, some of that is American LNG, but that's a very expensive option. Ukraine has fantastic resources on wind, on solar, on biomass. It has Europe's second largest civil nuclear industry. It has developed and has demonstrated an extraordinary technological acuity. Just look at how clever Ukrainian soldiers have been in the application of drone technology. These are all the skill sets that Ukraine will need to prosper as a member of the European Union. My colleague, Assistant Administrator McKee, referred to the statement which European President Vanderlaan delivered today welcoming the significant progress that Ukraine has made on its reforms, and her and the Commission's determination to move ahead with Ukraine's accession to the European Union. And I would say as somebody who served as an American ambassador in the EU for six years, what Ukraine represents is a demographically young population, a population which is fantastically committed to the values of the European Union. Ukraine is the only place in the world where people have fought and died under the flag of the EU for the values that are represented in the European constitutions. So I think these are the investments in the leadership that Secretary Pritzker is providing to help our companies and companies around the world begin to make plans for the day after and to work with Ukrainians to keep pushing forward the reforms, which are fundamental to creating the environment where American energy companies, renewable energy companies can come into Ukraine, where we can use Ukraine to help to fill the huge challenges that our global supply chain faces. In the Soviet Union, Ukraine was the center of Soviet metallurgy, the center of Soviet petrochemicals industries, all of those latent skills are still there. You talked about nuclear, Ukraine has a company in Kharkiv, Turboatom, which is one of the few facilities in all of Europe that has the industrial capacity to produce the large steel enclosures that are part of building modern nuclear reactors. So I applaud your focus on this and I know I speak for all three of us and how systematically we're focused on trying to lay the foundation for that better future that the Ukrainian people so richly deserve. 1:53:55 James O'Brien: Ukraine has won back 50% of the territory Russia took since February of 2022. The second piece that's important: Putin is playing a waiting game, like many Muscovite rulers before him. So it's difficult to get a decisive battle. So what we need is what's in the supplemental that has the ability to fight this fight over some time, and we do see real success. So in the Black Sea, Russia attempted to stop Ukraine from exporting. In July, exports were down 2-2.5 million tons; they're already more than doubled, and expect to see them go up substantially more. That's because of what Ukraine has done with its technology and its new weapons systems, more of which would be provided by the supplemental. February 4, 2014 On Demand News on YouTube Speakers: Victoria Nuland, Assistant Secretary of State for European and Eurasian Affairs, 2013-2017 Geoffrey Pyatt, United States Ambassador to Ukraine, 2013-2016 Clips Victoria Nuland: Good. So I don't think Klitsch [Vitali Klitschko] should go into the government. I don't think it's necessary, I don't think it's a good idea. Geoffrey Pyatt: Yeah, I mean I guess, in terms of him not going into the government, just sort of letting him stay out and do his political homework and stuff. I'm just thinking in terms of, sort of, the process moving ahead, we want to keep the moderate Democrats together. The problem is going to be Tyahnybok and his guys and I'm sure that's part of what Yanukovych is calculating on all this. Victoria Nuland: I think Yatz [Arseniy Yatsenyuk] is the guy with the economic experience, the governing experience. He's the guy. What he needs is Klitsch [Vitali Klitschko] And Tyahnybok On the outside, he needs to be talking to them four times a week. You know, I just think Klitsch [Vitali Klitschko] Going in he's going to be at that level working for Yatsenyuk it's just not gonna work. Geoffrey Pyatt: We want to get someone out here with an international personality to come out here and help to midwife this thing. And then the other issue is some kind of outreach to Yanukovych. We'll probably regroup on that tomorrow as we see how things fall into place. Victoria Nuland: So on that piece, Jeff, I wrote the note, Sullivan's come back to me saying “you need Biden,” and I said probably tomorrow for an attaboy and get the deets to stick, Biden's willing. Geoffrey Pyatt: Great. December 19, 2013 The Atlantic Council Speaker: John McCain, U.S. Senator from Arizona, 1987-2018 Clips 16:45 Sen. John McCain: If Ukraine's political crisis persists or deepens, which is a real possibility, we must support creative Ukrainian efforts to resolve it. Senator Murphy and I heard a few such ideas last weekend—from holding early elections, as the opposition is now demanding, to the institution of a technocratic government with a mandate to make the difficult reforms required for Ukraine's long-term economic health and sustainable development. Decisions such as these are for Ukrainians to make—no one else—and if they request our assistance, we should provide it where possible. Finally, we must encourage the European Union and the IMF to keep their doors open to Ukraine. Ultimately, the support of both institutions is indispensable for Ukraine's future. And eventually, a Ukrainian President, either this one or a future one, will be prepared to accept the fundamental choice facing the country, which is this: While there are real short-term costs to the political and economic reforms required for IMF assistance and EU integration, and while President Putin will likely add to these costs by retaliating against Ukraine's economy, the long-term benefits for Ukraine in taking these tough steps are far greater and almost limitless. This decision cannot be borne by one person alone in Ukraine. Nor should it be. It must be shared—both the risks and the rewards—by all Ukrainians, especially the opposition and business elite. It must also be shared by the EU, the IMF and the United States. All of us in the West should be prepared to help Ukraine, financially and otherwise, to overcome the short-term pain that reforms will require and Russia may inflict. April 20, 1994 Southern Center for International Studies Speaker: Arthur Dunkel, Director-General of the World Trade Organization, 1980-1993 Clips 26:55 Arthur Dunkel: If I look back at the last 25 years, what did we have? We had two worlds: The so-called Market Economy world and the centrally planned world; the centrally planned world disappeared. One of the main challenges of the Uruguay round has been to create a world wide system. I think we have to think of that. Secondly, why a world wide system? Because, basically, I consider that if governments cooperate in trade policy field, you reduce the risks of tension – political tension and even worse than that." Music by Editing Production Assistance

Today's Post - https://bahnsen.co/3Nr4A93 A consistently positive trading day on this inflation-day-Tuesday. Both core and headline CPI came out largely in line with expectations and markets were constructive with stocks modestly higher and built on gains into the close and rates down just a few basis points. These numbers are coming out right in time for the December FOMC meeting to end tomorrow with a rate decision (which is at a 100% chance for a continued pause), Fed statement update and Powell presser following. Continued broadening out in markets with more non mega cap technology names participating. Yesterday by the way, was the first time in over 10 years we had markets up broadly (including a positive Nasdaq) with all seven of the largest technology names (aka Magnificent Seven) all closing lower. Today we had more participation those names, but worth noting the subtle shift in leadership, particularly with Industrials. A positive dynamic we have spoken about for years but particularly post the Russia/Ukraine conflict continues to play out in energy markets. For the month of November, 68% of all US LNG exports were sent to Europe which has now over taken Asia as the number one destination for US LNG exports. Just as tensions between US/China has begun to permanently shift supply chain manufacturing destinations globally, the EU shifting its reliance on Russia for its energy and heating needs isn't likely to be temporary and is quite positive for the US energy dynamic. Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Recorded September 18, 2023 https://www.youtube.com/watch?v=I7cFHs4rjOQ Episode 94 for the PetroNerds podcast is an emergency recording on the sharp rise in oil prices and the extended Saudi "lollipop" cut of 1 mbd, helping to tighten supplies available on the market. Trisha Curtis takes listeners through the global oil market and global economy in this must listen to episode. WTI was $92.42, Brent $94.73, HH $2.73, and 30 year mortgages are between 7.5-8 percent on the day of recording. Traders and hedge funds who were sitting on the sidelines are plowing into the market and helping to move up oil prices. Saudi production is down below 9 mbd, Russian production is still hovering around 11 mbd, but their refined product exports are down, Iranian production is up above 3 mbd, and US production is close to hitting pre-COVID all time highs of 13 mbd. US production currently stands at 12.84 mbd. Trisha walks listeners through global supply, global demand, refining capacity, lost refining capacity in the US, US LNG and the EU, and the serious problems with ESG and the energy transition. She talks about oil supply and oil demand and oil prices in the context of the economy and the health of the US and global consumer and the pain these high oil prices are having and will have. She gets into pent up demand in China and the US post COVID and the apparent resiliency of the consumer. Trisha talks about Chris Wright's appearance and comments on Last Call and the need to push back on ESG so capital can flow to operators who want to drill and produce oil and increase output. She has a massive rant on ESG, EU, and LNG and talks about the UAW (United Auto Workers union) strikes and the demands for a massive pay increase of 40 percent plus a 4 day work week being absolutely insane and bad for the US economy, US jobs, and US business. She discusses Joe Biden's pro Union and pro inflationary positions and his poor economic policies and she explains the fiscal lags and wage price spirals that these strikes can induce. She also talks about the Saudi Oil Minister's comments at the World Petroleum Congress and the IEA's found (again) belief that oil, natural gas, and coal demand will soon peak. Trisha closes the PetroNerds podcast with China's new map and their 10 dash line and Chinese oil demand and economic sentiment. Listen on Itunes

Watch video on YouTube Follow us on Twitter @TellurianLNG Tellurian Inc. is listed on the NYSE American under the symbol “TELL.” Find more information at http://www.tellurianinc.com/ Guest: Charif Souki, Executive Chairman, Tellurian Inc. Business Description #Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa […] The post CHAT with TELL | Charif Souki reflecting on the last few months in the US LNG industry appeared first on Tellurian Inc..

Ever since Russia invaded Ukraine last year, Europe has been forced to find an alternative to Russian gas, which it relied heavily on. The European Union has turned to liquefied natural gas, or LNG. Last year, the United States became the number one exporter of LNG and that trend has continued this year, despite alarm over the potential environmental consequences of extracting this resource. FRANCE 24's Fanny Allard reports from Louisiana, with Wassim Cornet.

Watch video on YouTube Follow us on Twitter @TellurianLNG Tellurian Inc. is listed on the NYSE American under the symbol “TELL.” Find more information at http://www.tellurianinc.com/ Guest: Charif Souki, Executive Chairman, Tellurian Inc. Business Description #Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa […] The post CHAT with TELL | Two minutes with Charif Souki on the US LNG landscape appeared first on Tellurian Inc..

In recent months, Democrats and Republicans have been pushing tough-on-China bills, and that trend is worrisome for the United States' booming natural gas export industry, which has an established business history with Beijing. POLITICO's Ben Lefebvre breaks down the relationship between the US LNG industry and China, why industry is concerned, and how lawmakers are reacting. Plus, the Department of Interior approved the first commercial-scale offshore wind energy project to start turbine construction in federal U.S. waters.   Ben Lefebvre is an energy reporter for POLITICO.  Josh Siegel is an energy reporter for POLITICO.  Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO's audio department.

Continuing our integrated North America theme we've been on recently, we talk to Jennifer Pierce. She is the CEO of TC Energy, and a Canadian who lives in Mexico, while running a Canadian company that brings US LNG to Mexico. Scotty and Chris discuss trade, pipelines, government cooperation and friction, new energy transitions and more.

The USA has rapidly become the world's top exporter of liquefied natural gas (LNG), tied with Qatar. Europe replaced Asia as the top market for US LNG in 2022, after pledging to boycott Russian energy over the proxy war in Ukraine. Europe is now paying significantly more for expensive US LNG than it had been for Russian pipeline gas. As of 2022, Europe had the highest energy prices on the planet, fueling an inflation crisis. VIDEO: https://youtube.com/watch?v=QDdmbPni6BI Sources and more information here: https://multipolarista.com/2023/01/04/us-lng-exporter-europe-russia-gas Europe angry that US profits from Ukraine proxy war while destroying EU economy: https://multipolarista.com/2022/11/28/europe-us-profits-ukraine-war-economy Who sabotaged Nord Stream pipelines? US boasts ‘tremendous opportunity' to weaken Russia. CIA knew: https://multipolarista.com/2022/10/06/sabotage-nord-stream-pipelines-us-russia-cia

Slide deck: https://bit.ly/3Q9OWyA   - Click here to open an account with Saxo  Today we preview today's pivotal ECB meeting as rate expectations have rushed to new highs for the cycle this week in anticipation of the ECB's anticipated July rate lift-off, with the market divided on whether the ECB is ready to hike 50- or 25 basis points to initiate the tightening cycle at the July meeting. We also look at new highs for the cycle in crude oil yesterday, natural gas markets roiled by a fire at a US LNG facility, the ongoing JPY volatility (note CNHJPY at 20.00!), and important stocks to watch today, including Credit Suisse, Meta, Roku and DocuSign. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic

Today we had the pleasure of hosting  Meredith Angwin, Energy Analyst and Author of " Campaigning for Clean Air: Strategies for Pro-Nuclear Advocacy" and most recently " Shorting the Grid: The Hidden Fragility of Our Electric Grid." Meredith is a passionate advocate for abundant, affordable, clean energy and has also been an early advocate for nuclear energy. In her extensive career, she has headed research projects on pollution control for fossil fuels, corrosion control for nuclear plants, and was one of the first female project managers at the Electric Power Research Institute. More recently, she has shifted focus to grid governance, reliability and oversight. In her latest book and with us live today, Meredith explains the grid and associated challenges in a straightforward and understandable way. We focused today on " Shorting the Grid" and the story Meredith tells us all by closely examining power in New England. Our key topics included an overview of the structural history of the power industry, the advent of the Regional Transmission Organizations ("RTOs"), background on New England's historical reliability measures (running oil during weather driven demand increases), new pay for performance initiatives, and additional structural changes and challenges in the market (like MPOR, the minimum offer price rule). We also touch on hydro power, the implications of the current natural gas price spike, the warning signs of more potential power shortages, overdependence on renewables with limited backup fuel, the lack of transparency and accountability, the hazards of relying on natural gas but not building enough pipelines, and, of course, what Meredith thinks the power market could look like in ten years. It was an extremely educational and interesting session and we are thankful to Meredith for joining us. We wholeheartedly recommend her book. It takes some really complicated issues and makes them easy to follow. Mike Bradley started the show with an update on weekly equity and commodity performance and key events, noting that European natural gas is at the lowest price since the Ukranian war started and also focused on recent executive action around US solar tariffs and the mixed messages the government is sending to Industry.  Colin Fenton provided an update on US LNG export data and crude oil, showing markets are reacting to the EU's ban on Russian deliveries and also noting inflationary effects on US households with new credit cards skyrocketing. Brett Rampal, Veriten's nuclear expert, also joined and peppered in his thoughts and observations in the session.  

 Anas Alhajji is the editorial advisor of Attaqa, the only Arabic-language media outlet focused on energy. In his second appearance on the podcast, Alhajji explains why, despite Russia's invasion of Ukraine, Russian oil and gas will still be sold on the global market, the importance of US LNG exports, how Iranian gas could eventually replace Russian gas in Europe, and why markets always “overrun politics.”