Daily Standup Top Stories
How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change.
But what change you ask, well let’s start with the Inflation Reduction Act and what the huge “Porkulus Bill” as Dan Bongino has called it and see some of the line items. We will then […]
Trump Admin Halts Billions In Funding For Biden’s Troubled EV Charging Network
The Trump administration halted funding for Biden’s costly, controversial EV charging network, an effort marred by slowdowns and cost overruns. The Trump administration announced Thursday that it is halting funding for the buildout of a […]
Russia Says Sanctions Shouldn’t Hinder Oil Trade With India
U.S. sanctions against Russia’s oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy minister, Pavel Sorokin, said on Tuesday. Indian refiners are scrambling for alternatives after the U.S. […]
BP Teases Fundamental Reset of Strategy to Boost Returns and Cash
BP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building […]
UK and US fail to sign Paris AI declaration
At the recent Paris AI Action Summit, both the United States and the United Kingdom declined to sign a joint declaration aimed at promoting ethical, transparent, and sustainable artificial intelligence. The declaration, endorsed by 61 […]
Highlights of the Podcast
00:00 – Intro
01:38 – How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change.
05:05 – Trump Admin Halts Billions In Funding For Biden’s Troubled EV Charging Network
06:07 – Russia Says Sanctions Shouldn’t Hinder Oil Trade With India
09:16 – BP Teases Fundamental Reset of Strategy to Boost Returns and Cash
11:02 – UK and US Fail to sign Paris AI declaration
11:48 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Stuart Turley: [00:00:10] Hello, everybody. Welcome to the Energy Newsbeat podcast daily stand up. My name’s Stu Turley, president and CEO of the Sandstone Group. Michael’s out on assignment on customer sites making money. We got to love it. Today is February 12th. Holy smokes, Batman. Let’s go through the stories. How has green energy policies impacted the environment, society, and our financial systems? Doge found the inflation reduction act was fun. Funding change. That’ll be a fun one. Trump administration halts billions in funding for Biden’s troubled EV charging network. Holy smokes, Batman. Russia says sanctions shouldn’t hinder oil trade with India. Sanctions don’t work as intended. And quite honestly, that’s there’s a lot to this story. BP teases fundamental reset of strategic to boost returns and cash. I almost said the George W. Bush strategy joke there off of Saturday Night Live. So that tells you how old I am right now. And then you have the UK and US fail to sign Paris AI declaration. This is not a bad thing because there’s a lot going on around the world and signing anything out of Paris is not healthy for your financial environment. [00:01:37][87.4]
Stuart Turley: [00:01:38] So let’s go to the first story. How has green energy policies impacted the environment, society, and our financial systems? Doge found out that the inflation reduction act was funding the change. This is a very interesting story that I wrote. I used GROOK to come up with some numbers after finding a very good post from our Senate. This is from Josh Dunlap on X. $50 ,000 in un -audited US taxpayer money in one month alone went to a pro -terrorist group disguised as a climate change organization. The group was called Climate Justice Alliance. So they went to the website and saw the bulldozer that went through the fence when Hamas attacked Israel. They have other renderings of the decolonized Palestine with the same bulldozer. If you go through more of it, you can see that they were also defunding the police. So when we talk about the millions and millions of right now, as of the time this was filmed, Doge was saying $63 .39 billion has been saved by Doge. But I think that this is just the tip of the iceberg when you start taking a look at what they are doing. This article really goes through and tries to show that the Inflation Reduction Act and as Dan Bongino has always called it, the porculous bill has funneled the money through into the EPA and into other organizations. So it’s about a four step process into graft and greed and corruption. And then you take a look at how much money has been spent. It is just amazing. So I took a look also at some energy numbers. And so when you look at the energy numbers, wind energy investments in 2024, the executive figures aren’t specified as part of a large investment, but they’re thinking it’s around a trillion dollars. But when you take a look at solar investment in 2024, exceeded $500 billion. And what Michael and I have been talking about, we’ve been doing this for about four or five years. And we’ve seen the more money that is spent in quote unquote, renewable energy, it is not renewable and it is not sustainable. The more money spent in the category of wind, solar and hydrogen means that more fossil fuels will be used. So it is neither good nor for the environment, nor is it fiscally stable. So I also took a look at higher energy prices. So when you take a look at higher energy prices, Texas has half the cost of the energy for New York and California. And you take a look at that as a simple fact, but take a look at Germany. Germany is totally deindustrializing right now. And so is the UK. The UK and Germany are in full on board meltdown for deindustrialization from bad energy policies. So anyway, this was a fun article to write and lots of good stuff in there. [00:05:05][207.5]
Stuart Turley: [00:05:05] Let’s go to the next story. Trump administration halts billions in funding for Biden’s troubled EV charging network. I’ll tell you what, you can’t buy this kind of corruption and entertainment. The Trump administration announced Thursday that it’s halting the funding for the build out of a Biden area electrical charger program. They also said that the E .G. had allocated a staggering five billion dollars in funding. It’s just amazing to me. This is out of the daily caller on the campaign trail. President Trump promised to revolutionize the U .S. auto industry and vowing to repeal Biden’s EV policies, calling them insane. I love the of being able to say if you want an EV, great, go buy one. But when you have Ford losing an estimated sixty thousand dollars per unit sold, they are neither good for the environment nor are they fiscally sustainable. [00:06:06][60.6]
Stuart Turley: [00:06:07] So let’s go to the next story here. Russia says sanctions shouldn’t hinder oil trade with India. Before I get into this article, let’s also take a look at the fact that Russia ended up there 2024 with a four percent, four point one percent increase in their GDP, I believe, and somewhere around in there, and that they have increased their energy output exports very nicely. And that’s even without natural gas going through the Nord Stream. And but yet Europe is still buying lots of Russian LNG and the Nord Stream pipeline coming underneath the Baltic is absolutely stuffed. They’re selling everything they possibly can. This article is talking about U .S. sanctions against Russian oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy. And I apologize. I sure hope I don’t butcher your name. Pavel Sorkin said on Tuesday Indian refineries are scrambling for alternatives after the U .S. sanctions designated hundreds of tankers as well as oil traders last month. Our relationship with India is based on economic pragmatism, said Sorkin, carried by Reuters. It’s too early to assess the impact of U .S. sanctions on the U .S. India oil trade, the Russian official said. I think it’s going to be fine. I personally think that if President Trump can get the correct information for ending the Russia Ukraine war, there won’t be any sanctions on Russian oil long term, in my opinion. But right now, I just interviewed George McMillan again, and that podcast is releasing tomorrow morning. We’ve made some recommendations for President Trump’s team on how to end the Ukraine war. And it’s kind of interesting. I don’t see that the war could go on for very long. But George McMillan has been very upfront saying if President Putin does nothing, he can go ahead and go about his business and will continue growing the Russian economy. And meanwhile, the EU will fail. NATO will fail. Germany is failing. And so you sit back and take a look. Why would he want to go to the negotiation table? General Kellogg does not have all the information he needs. So with that, let me take a moment to thank our sponsor. Our sponsor for today’s show is Reese Consulting. If you are a energy natural gas supplier in the United States, I would contact Reese Consulting. Their ads are on energynewsbeat .co. Go to their website, check them out. They have audited the most natural gas in the United States out of any other firm, and they know what they’re doing. You want to talk about natural gas? You want to talk about energy security? Reese Consulting is the team for you to get in touch with. So. [00:09:16][188.9]
Stuart Turley: [00:09:16] Let’s roll to the next one here. BP teases a fundamental reset of strategic to returns and cash. You can’t buy this kind of entertainment. BP on Tuesday pledged to fundamentally reset its strategic strategy as it booked, there I am with that Bush strategy again, as it booked its lowest annual quarterly profits in years and seeks to push up its stock performance and regain investor trust. Quote, building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further improvements in the performance in all services, growing cash flow and returns. BP’s chief executive, Murray Oshenklaus, said in a statement as the UK based super major reported its fourth quarter and full year 2024 results. BP’s leadership will communicate its new strategy, which will be a direction for BP at capital markets update on February 26th. And they’re going to be more along the lines of what the US oil majors have done. And that is sticking closer to their roots of providing oil and gas. The more money that is invested into wind and solar and hydrogen, the more fossil fuels we will use, the more natural gas, the more oil and the more coal. It is not a formula. Renewable energy is not renewable. I hate to tell you this, but investments just don’t happen that way. And we’re going to see a lot of the subsidies around the world for renewable, quote unquote, renewable energy are going away. [00:11:01][105.2]
Stuart Turley: [00:11:02] Our last story for today kind of goes along the same line. And that is the UK and US failed to sign the Paris AI declaration. I don’t want to have absolutely anything to do with signing anything of the Paris accords or anything else in that kind of time period or the AI. AI is dangerous. And I think that we need to really consider not committing to other leadership in AI. I trust President Trump. I trust Elon. There are many others in the AI space I do not trust. So I think we need to buckle up and get after it. And I think that we should be watching for those things. [00:11:47][45.2]
Stuart Turley: [00:11:48] So with that, like, subscribe, go check out Reese Consulting, and we have lots more information coming out. So have a great day. Talk to you all soon. [00:11:48][0.0][694.7]
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