Source: ENB
Daily Standup Top Stories
Kamala Harris: ‘No question’ I Would Ban Fracking
The reality is that Kamala Harris has made her position on fracking perfectly clear. Source: Realclearenergy.org Take the Survey at https://survey.energynewsbeat.com/ 1031 Exchange E-Book Crude Oil, LNG, Jet Fuel price quote ENB Top News ENB […]
Iran’s tankers double down on concealment efforts post-sanctions
Analysis of satellite and AIS data shows these ships still play a role in Iran’s oil sector, but experts insist the financial restrictions are nonetheless degrading Iran’s capabilities IT IS no secret that tankers engaged […]
U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence
The discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]
‘Wake-Up Call:’ New York State Likely to Miss Deadlines on Costly, Cumbersome Climate Act
New York is on track to miss the majority of its looming climate targets, according to a report from Democrat New York Gov. Kathy Hochul’s office. New York is on track to miss the majority […]
UK mandates green jet fuel by 2025
The UK Government has announced the introduction of a sustainable aviation fuel (SAF) mandate, set to begin on 1st January 2025, subject to Parliamentary approval. This initiative aims to decarbonise air travel and stimulate economic […]
Polish LNG terminal receives 300th cargo
Poland’s Orlen has received the 300th cargo of liquefied natural gas (LNG) at the Swinoujscie terminal since the start of operations in 2016. The 2021-built LNG carrier Prism Courage delivered the milestone shipment to the […]
Highlights of the Podcast
00:00 – Intro
01:16 – Kamala Harris: ‘No question’ I Would Ban Fracking
02:41 – Iran’s tankers double down on concealment efforts post-sanctions
04:22 – U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence
05:48 – ‘Wake-Up Call:’ New York State Likely to Miss Deadlines on Costly, Cumbersome Climate Act
07:12 – UK mandates green jet fuel by 2025
09:09 – Polish LNG terminal receives 300th cargo
09:41 – Outro
Follow Stuart On LinkedIn and Twitter
Follow Michael On LinkedIn and Twitter
– Get in Contact With The Show –
Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Stuart Turley: [00:00:14] Hello, everybody. Welcome to Energy News. Beat daily stand up. My name’s Stu Turley, president, CEO, sandstone Group. I’ll tell you what. We are having way too much fun on the news desk here. Let’s start off with our stories. Kamala Harris. No question. I would ban fracking. Wow. Shock. Here we go. With the next one coming around the corner. We have Iran’s tankers double down on concealment efforts post sanctions. Let’s go to the next one. U.S. commands higher prices for crude amid growing global oil market influence. Wake up call. New York state likely to miss deadlines on costly, cumbersome climate act. Imagine that UK mandates green jet fuel by 2025. Holy smokes. And then here we have Polish LNG terminal receives the 300th cargo. That is just outstandingly cool. Well done. [00:01:15][61.4]
Stuart Turley: [00:01:16] We’ll start with our first video here. And Miss Producer, if you could bring this up, we’re going to play this one little video here, if you don’t mind as we go through this. [00:01:27][11.4]
Video Clip: [00:01:29] So. And starting and starting with what we can do on day one around public lands. Right. And, and then there has to be legislation. But yes. And this is something I’ve taken on in California. I have a history of working on this issue. And to your point, and, you know, we have to just acknowledge that the residual impact of fracking is enormous in terms of the impact on the health and safety of communities. Yeah. [00:01:51][23.0]
Stuart Turley: [00:01:52] So thank you, Miss Producer, for bringing that video up. This is an amazing statement when you sit back and consider she was also says she was heavily involved in California. California has some of the highest energy prices in the world. Her banning of frack has actually caused more harm to the environment then by drilling locally. Because they are destroying the rainforest, they import 70% of the oil that China produces out of the rainforest. So energy hypocrisy abounds. And be careful when you vote, because this will also impact the United States and drive energy prices up like you wouldn’t believe. [00:02:41][48.8]
Stuart Turley: [00:02:41] So let’s go to the next story here. Iran’s tankers doubled down on concealment efforts post sanctions. This is an outstanding story from Lloyd’s List. They tracked 11 tankers sanctioned by the U.S for Iran links between January and March, and found that most of them just disappeared, manipulating their local locations. And in the words of Irina Slav sanctions don’t work as intended. This is pretty important. I need to sit back and take a look. This one was even like the dawn to was trading in the Black Sea. The Lady Sophia was in loitering in the yellow in East China Sea the main Malay was and taking and around Taiwan and stop transmitting. And the two tankers that just had the fire were also Russian in origin and in doing Russian crude transfers as well. Moon Bay is falsely flying the flag of Guyana. And when you sit back, this is an outstanding job. Sanctions can effectively immobilize vessels by restricting their access to ports, insurance and international shipping services. This can make it difficult for sanctions to operate, therefore reducing their participation in global trade, not when it’s not being purchased in Vermont and sold in the oil in the outside the petrodollar. So again, hats off. This is well worth your time to go through and read this. And hats off again to Lloyd’s List for putting this together. [00:04:21][99.9]
Stuart Turley: [00:04:22] Let’s go to the U.S. commands higher price for crude amid growing old bull market influence. The discount of WTI crude to the international benchmark of Brant has dropped from nearly $20 per barrel in the early 20 tens to below $3 a barrel today. It increased domestic domestic offtake capacity, therefore better pipeline connections to Texas Louisiana make WTI a more influential benchmark in oil markets. This is huge. When you sit back and take a look at, let’s say, $20 to $30 difference, that is unbelievable. U.S. crude exports have surged around 400,000 barrels per day, nearly all to Canada back in 2015, to more than 4 million barrels this year. With the customer base expanding in Europe and Asia, this is pretty darn cool. WTI Midland was added to the Brant basket in 2023, and has been a major driver in surging U.S. crude exports over the past year, especially to Europe. It’s amazing the difference that our great oil and gas operators have done. It also means a lower prices for U.S. consumers and higher prices for European consumers. So hats off to all of our great oil and gas workers out there. [00:05:48][86.0]
Stuart Turley: [00:05:48] Let’s go to the next story here Wake-Up call. New York State likely to miss deadlines on costly, cumbersome climate act. Now New York is on track to miss the majority of its looming climate targets, according to a report from the Democrat, New York Governor Kathy Hochul office. Hochul issued a review earlier this month admitting that she was not going to meet 70% renewable electricity by 2030 due to the rising electricity cost and canceled clean energy projects as of 2023, four years after the passage and just seven years from the 2020, the 2030 deadline. Less than 30% of New York’s electricity came from renewable sources. They shot themselves. They pulled a Dick Cheney and shot themselves in the foot. And the splatter caught the consumers. When they shut down their nuclear plant, they should have kept that thing open, and they would be net zero for a certain percentage, whatever that was providing. So New York, you’re having some really bad energy policies. Kamala Harris, you’ve had bad energy policies. And everybody needs to understand you are what you vote for. And when you vote for bad energy policies, you pay for it. [00:07:12][83.6]
Stuart Turley: [00:07:12] UK mandates green jet fuel by 2025 David Blackmon, Irina Slav and Tammy Nemeth and I have been talking about the UK in the left leaning, left wing government that has now been put in is. The UK government has announced the introduction of sustainable Aviation fuel safe mandate, set to begin on January 21st, 2025. Pending parliamentary approval. The percentage will increase to 10% by 2030 and 2022 and 22% by 2040, meaning this level until further supply certainty is achieved. Here’s where this is a huge mistake. Jet engines are not like car engines. And by the way, ethanol is one of the biggest mistakes that the U.S. government has ever done. It takes more energy to create sustainable or green jet fuel than it does to actually burn aviation fuel. So this is absolutely nuts. They say in the article. It’s expected to deliver emission reductions of up to 2.7 Mtco two E by 2030 and up to 6.3 Mtco two high by 2040. I disagree because that’s not taking into consideration the actual methane and other emissions that it takes in order to make it. So this is a 100% play to their base in their electoral base, that this is a brand new thing they’re trying to do, and all it does is waste energy costs people. It will be harder on the engines and that does not work. So can you see us for energy thread? Do our stories today. [00:09:09][116.4]
Stuart Turley: [00:09:09] Polish LNG terminal receives the 300th a cargo. Poland’s Orlen received 300 cargo of LNG at the switching Jewish terminals since the start of October operations in 2016. This is exciting when you take a look at the. The growth was possible due to the expansions of the Gas Systems facility, where PQ Poland booked a regasification capacity of 6.2 bcm per year since 2022. This is exciting. [00:09:40][31.0]
Stuart Turley: [00:09:41] If you are in the oil and gas trading space and you’re needing tankers or in a crude jet fuel, or you’re needing a LNG transport, a go to energy news beat.com/trading desk, reach out to us, we’ll hook you up with the right folks. And again, thanks and really take your time out there. Keep your head on a swivel. And at least you know where I stand when I’m walking out the street and who I’m supporting. Have an absolute wonderful day out there and we will see you guys next time on the Energy News Beat Daily Stand. Have a great day. [00:09:41][0.0][561.6]
Energy News Beat