Week Recap: Blackouts, $9 Gas & Shell’s Big Play!

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner cover urgent U.S. energy grid concerns, including PJM's warning of summer blackouts due to fossil fuel plant retirements and surging demand. They critique California's refinery shutdowns, which could drive gas prices to $9, and discuss Saudi Arabia's budget strain with Brent crude below breakeven levels. The episode also examines Equinor’s potential exit from a New York wind project, Shell’s rumored acquisition of BP, Russia’s massive shipbuilding expansion, and new U.S. sanctions targeting Iran’s oil trade with China.Highlights of the Podcast 00:00 - Intro01:38 - U.S. Largest Grid Operator is warning of Summer Power Shortages05:51 - Newsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns09:44 - Saudi Arabia Spends Like Oil’s Still at $9011:58 - Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators14:56 - Is Shell Sizing Up Oil’s Biggest Power Grab Yet?17:49 - Equinor could axe wind project off New York within days21:26 - Russia readies billions for domestic fleet buildout23:51 - Washington issues further sanctions aimed at Iran’s trade with China25:39 - OutroPlease see the links below or articles that we discuss in the podcast.U.S. Largest Grid Operator is warning of Summer Power ShortagesNewsom’s War On Oil Could Send California Gas Prices To $9, Analyst WarnsSaudi Arabia Spends Like Oil’s Still at $90Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power GeneratorsIs Shell Sizing Up Oil’s Biggest Power Grab Yet?Equinor could axe wind project off New York within daysRussia readies billions for domestic fleet buildoutWashington issues further sanctions aimed at Iran’s trade with ChinaFollow 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 –

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