Daily Energy Standup Episode #108

If the regulation is implemented, it will be the first time the federal government has limited carbon emissions from existing power plants, which generate 25 percent of U.S. greenhouse gases. WASHINGTON — President Biden’s administration […]

Follow Stuart On LinkedIn and Twitter

Follow Michael On LinkedIn and Twitter

ENB Top News

ENB

Energy Dashboard

ENB Podcast

ENB Substack

---

Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.

Michael Tanner: [00:00:15] What is going on. Everybody Welcome into another edition of the Daily Energy News Beat Stand up here on this gorgeous Monday, April 24th, 2023. As always, I’m your humble correspondent, Michael Tanner, coming to you from an undisclosed location here in Dallas, Texas, joined by executive producer of the show, the purveyor of the show, the director and publisher of the world’s greatest website, EnergyNewsBeat.com Stuart Turley, my man. How are we doing today? [00:00:36][21.8]

Stuart Turley: [00:00:37] Yes, we’re building neighborhood in an undisclosed location here in Abilene, Texas. [00:00:42][5.1]

Michael Tanner: [00:00:43] Yeah, You’re live in that west, that west central Texas dream right now. Is it cold where you’re at? Man hey, Martin, if you’re on a Sunday, it’s actually really cold. [00:00:52][8.7]

Stuart Turley: [00:00:52] I’m sporting my Fetterman for those podcast listeners. I’ve actually got shorts on and I went to Lowe’s looking like Fetterman. Fetterman would have been proud. [00:01:03][10.4]

Michael Tanner: [00:01:03] If we ever have a merch shop we just need a black and brown hoodie and we’ll just call it the Fetterman Look, I love it! [00:01:11][7.7]

Stuart Turley: [00:01:11] No shorts. Got to go with it, though, you know, you got to have them baggy shirts. [00:01:15][4.2]

Michael Tanner: [00:01:16] Absolutely, guys. But I hope everybody tuning in had a great weekend we have a great show for you. Lined up. First up on the menu, From GE to Siemens, the wind energy industry hopes billions in losses are about to end. This is a CNBC article that we ran on our news beat. Stu got a nice publisher’s out. All I’ll say is I doubt it. [00:01:37][20.3]

Michael Tanner: [00:01:37] Next, Saudi Arabia will grow despite cutting of crude oil production. Still kind of talk a little bit about what’s going on specifically in Saudi Arabia and how that’s affecting the rest of OPEC plus,. [00:01:47][10.2]

Michael Tanner: [00:01:48] Next up on the menu, The EPA to propose first controls on greenhouse gases from power plants. Boom, boom, boom. I’ll let Stu give, give, give his take on before I dive in but but I think it’ll be interesting to see I’m not opposed to to greenhouse gas emissions controls as long as they’re done smartly, which if I had to take a guess, the EPA didn’t do so he will dive into into what they actually did. [00:02:12][24.6]

Michael Tanner: [00:02:13] Next stop California’s absurd energy policies are not what we should use as good examples for the rest of the United States. And then finally, How the US Clean Air Act lets closed coal plants keep polluting for  dot, dot, dot dun dun dun. This is actually a story coming out of Reuters from the Hatfield Ferry Power Station, which is a coal fired power plant in Pennsylvania Stu will then kick it over to me to quickly cover what’s going on in the finance market. [00:02:39][26.7]

Michael Tanner: [00:02:40] And then I’ll cover quickly rig counts, which is mainly the major story that happened on Friday. And, you know, hopefully we can see oil prices rebound a lot. You guys get out of here, start your Monday. [00:02:49][9.3]

Michael Tanner: [00:02:50] But before we do all that, guys, remember all of the stories on the menu are brought to you by the world’s greatest website, www.EnergyNewsBeat.com Stu manages that website Make sure all it is up to date with all of the latest energy news Dashboard.EnergyNewsbeat.com is our data and news combo. Get it while you still can, you never know where it might go. [00:03:08][18.2]

Michael Tanner: [00:03:08] We are hard at work at a lot of great things for you guys so we appreciate you Checking this out. You can hear the description below, different timestamps and also all the articles that we’re going to cover here will be available that we appreciate. Our team behind the scenes who make this possible? Stu and I just going to sit up here and ramble, which is fine, but I’m out of breath, though Stu Where do you want to begin today’s show? [00:03:28][19.9]

Stuart Turley: [00:03:29] Hey, let’s start with The G E to Siemens , the wind energy and. [00:03:34][4.5]

Michael Tanner: [00:03:34] Siemens Siemens [00:03:34][0.0]

Stuart Turley: [00:03:35] Siemens Wow. Simmons, Siemens You know, it’s like readers. Reuters hemorrhoids. The wind energy industry hopes billions are in losses about to end this came from CNBC the wind energy the first headline on this the wind energy sector has been in crisis mode as reduced tax incentives, rising interest rates and inflation plagued turbine manufacturers and land based and offshore wind projects. [00:04:03][28.2]

Stuart Turley: [00:04:05] You know, Michael, you and I talked a little bit before on this and some key points on this. Siemens lost almost $1 billion, Michael, on wind last year and in pure play, Vestas saw an operating profit decline of 369%. [00:04:22][17.5]

Stuart Turley: [00:04:26] The I.R.A., or the Inflation Reduction Act has renewable energy companies encouraged about the outlook and can contemplating more wind manufacturing and the stakes are high. To be crystal clear, Siemens Energy CEO Christian Branch told CNBC Energy transition without wind energy does not work. I love that quote! [00:04:50][23.2]

Stuart Turley: [00:04:50] And I do love Siemens as an organization I think that they have had a long, wonderful history. But Michael, the wind energy has been losing money for years. And I think it’s funny that they’re now hopeful that things are going to turn 70% of the equipment, 80% of the equipped comes from China. China’s got the hold on this whole thing, the I.R.A. or the Inflation Reduction Act,. [00:05:20][29.7]

Stuart Turley: [00:05:20] Michael. Honestly, maybe a great thing for a lot of areas, but it’s printing money without accountability, printing money without accountability is terrible. But then you go in to So what if there’s money? They’re going to be paying for that project surveys that you’ve even talked about in the past. Michael Project surveys. And then it’s going to sit there for years and no equipment’s going to be bought it’s going to be interesting. What do you think? [00:05:48][28.0]

Michael Tanner: [00:05:49] I mean, in relation to this article? Ah, it’s clear the wind and solar industry relies heavily on subsidies and that’s I mean, that’s true. The fact I don’t mean that in like a who gotcha like he Oh you. It’s just it’s the way their business model works. And the reason why this Siemens CEO is so bullish on his business is the Inflation Reduction Act, which is a great name for something that’s aptly, as you pointed out, just printing money. \. [00:06:18][29.6]

Michael Tanner: [00:06:19] So I think specifically, you know, these these wind projects are not cheap. You have to deploy huge amounts of capital over a long time frame. So you have a lot. And that’s why I think people, you know, they make fun of companies because they get themselves into these financial situations because they’ve deployed all this money into a project that when the project finally gets ready, the economics don’t look sense. [00:06:44][25.7]

Michael Tanner: [00:06:45] And it’s like, Well, this project took us two years. So two years ago, the project make sense we had we got final investment decision approval by our committee 9 months ago when the low grade and because of operational delays, because of how long it takes them. [00:06:59][14.0]

Michael Tanner: [00:06:59] This happens in the mining business all the time, because of how long it takes to actually build them in your pocket. Five years from when you greenlight the mine to when you actually see first production, You know how much variables change over that so these long investment cycles that require huge amounts of capital, have to be able to ride the storm and be able to, you know, work through the lower periods and enjoy the periods when you make money. Now, with now in mining, that’s when you actually find gold and start selling it in the wind industry. It seems to be when the subsidies show back up. [00:07:28][29.7]

Stuart Turley: [00:07:29] You bet. And even the military got into this latest wind bashing by being able to say that the large plots that the Biden administration has approved are right in the middle of their military channels. And so not only are the whales going to get whacked, I think we’ve had, what, 30, 40 whales hit this year and now we’re going to start taking out destroyers. Well, whatever that thing is like. [00:07:55][26.7]

Michael Tanner: [00:07:56] Can I can I can I say something controversial? I don’t care about the whales. The dying whales. Do not bother me that much. Oh, come on, man. [00:08:05][9.0]

Stuart Turley: [00:08:05] You’re you’re a millennial. You got to save the whales, right? We need a T-shirt. What’s a few billion between friends? And we got to save the whales. Oil and gas. [00:08:16][10.6]

Michael Tanner: [00:08:17] Newsflash the reason I don’t like offshore wind is not because they’re poaching off a few whales. Like that doesn’t cross my way. [00:08:24][7.3]

Stuart Turley: [00:08:25] The Eagles Do you love eagles? You love. [00:08:27][2.4]

Michael Tanner: [00:08:27] Colorado. I’ve seen it. I’ve seen it. I’ve seen an eagle once in my entire life. So. [00:08:32][5.0]

Stuart Turley: [00:08:33] That was probably in Oklahoma,. [00:08:33][0.3]

Michael Tanner: [00:08:33] You know, I don’t want to kill the Eagles, don’t get me wrong, but I’m not going to throw a few whales. It’s all about pros and cons there’s no good solutions. Thomas Soul always says there there’s no good options there are just trade offs. I will trade a few dying whales for cheaper energy. My issues with wind go far beyond that. [00:08:50][16.8]

Stuart Turley: [00:08:51] I can’t argue with that. [00:08:52][1.0]

Michael Tanner: [00:08:52] That many birds fly into frack pits, suicide into frack pits and the near dead now, no one talks about that. [00:08:59][6.4]

Stuart Turley: [00:08:59] No. And I hate,. [00:09:01][1.6]

Michael Tanner: [00:09:01] Everyone hates birds. Birds are either there, but I mean, they are grody hooks. [00:09:04][3.2]

Stuart Turley: [00:09:05] Dude, you know that up in Bear country, we love watching eagles up there I love me some eagles. [00:09:11][5.5]

Michael Tanner: [00:09:11] Okay? There’s not eagles flying in a frack pit. It’s. It’s some pretty scrounged desert birds. But That’s the point. The point is we pick and choose. Yeah, Animals are affected by everything we do. So I’m not going to die on that hill. What’s next? [00:09:24][13.2]

Stuart Turley: [00:09:25] We die. Hey, Well done. I hate it when you always get it right. And I have to bow to you and say, okay, you’re the only millennial. I mean, you’re one of the great millennials. Saudi Arabia. Did I compliment you? Sorry about that. [00:09:38][13.3]

Stuart Turley: [00:09:38] Saudi Arabia will grow like that by cutting crude oil production. A couple of line items in here are just great Reuters, Lenin Ford, your organization of the Petroleum Countries logo. Oh, that’s a great never mind the World Economic Forum growth projections by region unbelievable chart in here. [00:10:03][24.1]

Stuart Turley: [00:10:03] According to the April report, the innovator in International Monetary Fund, World Economic Outlook, Saudi Arabia, GDP. Will be 3.1%, which will be more than 5% lower than in 2022. This is due to the global economic downturn. But, Michael, they’re actually doing better than a lot of the other countries and in the long term, I’m you know, I am bullish on Saudi Arabia. [00:10:32][29.6]

Michael Tanner: [00:10:33] Yeah. I mean, you’ve been trying to get us to host a podcast in Riyad for years. [00:10:36][3.2]

Stuart Turley: [00:10:37] Oh, absolutely. If if Riyad is listening, A sponsor to the show and B, you know, I’m pro mostly Saudi. [00:10:46][8.4]

Michael Tanner: [00:10:47] You can pay us and you can pay us in Aramco shares that’s fine. [00:10:50][3.2]

Stuart Turley: [00:10:51] We’re down to that now we will take rubles I am kidding on that. Maybe. All right. Let’s go to the next one here. Okay. That was funny, by the way. Hey, The Energy News Beat Podcast could be a member of BRICS. What do you think? I mean, now. Hey, you and I. [00:11:09][18.6]

Michael Tanner: [00:11:10] That’s us [00:11:10][0.3]

Stuart Turley: [00:11:12] We had a crowd fund years ago set for us with our bathtub back when tankers were so big. Two, three years ago. Right? I mean, wasn’t that fun? [00:11:23][10.7]

Michael Tanner: [00:11:24] When oil went negative, we were like, started a collection to buy bathtubs to fill him up with crude. It didn’t go that well, but we’re on the hunt for our next option. [00:11:32][8.1]

Stuart Turley: [00:11:32] That’s right. Okay, let’s go to the next one. The EPA proposed the first controls on greenhouse gases from power plants. Michael A I’m not against good regulations. I’m against bad, politicized regulations. First line out of this article is if the regulation is implemented, it will be the first time the federal government has limited carbon emissions from existing power plants, which generate 25% of the U.S. greenhouse gases. [00:12:05][32.9]

Stuart Turley: [00:12:06] Alright and everything else almost all coal and gas fired power plants could have to cut or capture nearly all of their carbon dioxide emissions by 2040, according to the people familiar with the regulation. Michael, This is actually disastrous from a standpoint of cost it if we put the plan in to go to natural gas and if we had the permitting capability of building new refineries or new plants with it built in with the technology built in, we would save money, we would save all this, and we wouldn’t have to go retrofit. The consumers are going to pay for this regulation. Yeah, I’m. [00:12:57][50.5]

Michael Tanner: [00:12:57] Im going to push back a little bit. I’m not going to necessarily fully agree with you. I agree with you that implementing bad regulation is worse than doing nothing or I’m with you on. I agree with you there. I’m not convinced this is a overall bad regulation I need to read some of the finer details. [00:13:12][14.4]

Michael Tanner: [00:13:12] But what they cite this article is Power Plants would have to cut or capture nearly all of their carbon dioxide emissions by 2040. I think that’s a unique distinction when it doesn’t just say cut carbon emissions, it’s all right. What is your favorite company doing? Warren Buffett, What are they doing? What’s Oxy doing? [00:13:32][20.2]

Stuart Turley: [00:13:33] There in that trillion dollar market? But you got me again. Dang it. [00:13:38][5.0]

Michael Tanner: [00:13:38] I’m not. What I’m saying is 2040 is also, in my opinion, a long enough time frame where you can at least there is some sliver of reality that you could theoretically by 2040 if you started now, probably cut a lot of the emissions that come out of power plants because it’s not you don’t know how to do it. [00:13:57][18.5]

Michael Tanner: [00:13:58] The one thing you pointed out, which is correct is it costs money it’s not free to just buy scrubbers, which are the things that you put on smokestacks to try to scrub out all the and it’s not free for IOC to then take all of that scrub dioxide and pump it in down there will be a cost increase. So the real question is who takes it in the drive thru? [00:14:14][16.7]

Michael Tanner: [00:14:15] I think the consumers will, unless the federal government, through the Inflation Reduction Act, also begins to step in and provide funding to increase the technology that’s being thrown at this problem. Because remember, no good solutions there are just tradeoffs. Yes, it’d be great to cut emissions. It’s going to cost more though. [00:14:30][15.6]

Michael Tanner: [00:14:30] So the real question is what’s the optimum level of cost that we’re going to take to achieve the bounty we don’t just want? I mean, this is why, again, not to get on a rant, but in the 1970s, you couldn’t see two miles in L.A. Now you can see 20 miles. [00:14:44][14.0]

Michael Tanner: [00:14:45] There is a cost that we’re willing to pay in order to have clean air. Everybody is there’s a cost who’s willing to pay to make sure that, you know, whatever. It’s hard to come up with an example on the spot where you go to make everything has a cost to it in which you would say, I will pay that cost in order to achieve this outcome. [00:15:01][15.9]

Stuart Turley: [00:15:01] Exactly. And why should we pay the cost of making our energy just as high as it is in Europe or the EU? When China is going to be publishing or implementing still as one coal plant per week or whatever the number is, and you know that nothing we do won’t matter. [00:15:24][23.2]

Michael Tanner: [00:15:25] Yes. On a macro level, I’m with you why put these regulations on when our when our counterparts aren’t? So that’s there’s that I’m talking about this specific rule. If you’re going to cap something, if you’re going to tell me in at some point in the future, you’re going to have to change your behavior. Give me enough time to change, to slowly change my behavior and slowly get accustomed. Don’t just tell me tomorrow, boom. All of a sudden you can’t drive any more give me some time so I can learn to ride a horse please. What’s next? [00:15:52][27.2]

Stuart Turley: [00:15:53] All right. Riding a horse pretty easy, unless the horse’s name is Rocket but that’s a whole another story. California’s absurd energy policies are not what we should use for good examples for the rest of the United States. This is actually a fairly disgusting article from. I mean, in talking about disgusting political processes, 20, 30, even 40 pieces of blank legislation are introduced each bill with a number, each completely empty of language, except for a single line expressing the intent of the legislator to fill them in later with some related to something related in the budget. [00:16:42][49.0]

Stuart Turley: [00:16:43] Holy smokes! That is how the amendments to their energy have been going on. So when you go in and you say the new state law is Assembly Bill 205, it was first introduced in January of 2021, completely blank except for 118 word sentence. It says the intent of the legislator is to enact statutory changes related to the Budget Act of 2021. [00:17:11][28.4]

Stuart Turley: [00:17:12] About seven weeks later, the Assembly passed the blank bill of a vote of 56 to 18 and sent it to the Senate, where it sat for more than a year. These are the kinds of words and things that are going on that people are putting in that are causing high energy prices for California. We don’t. I mean, this is just despicable. How do you I would like….. [00:17:41][28.4]

Michael Tanner: [00:17:41] This is this is an example of what you mentioned in the previous article about bad legislation causing huge negative externalities. It is there’s no argument here on this. [00:17:53][11.3]

Stuart Turley: [00:17:53] No, it’s despicable. I’m going to go ahead and jump to the next article, which is almost related to with Berkeley. I love Berkeley, even though they are a little bit not in our listening to natural gas ban by Berkeley Bolsheviks Bites the Dust. [00:18:11][17.4]

Stuart Turley: [00:18:12] Berkeley’s latest generation of Bolsheviks enacted a natural gas ban that has been wisely overturned in a federal court biden and the blue staters must take notice. This article’s got some stuff in here that’s really pretty interesting. [00:18:26][14.3]

Stuart Turley: [00:18:28] One of the quotes in here, Berkeley, can’t bypass preemption by banning natural gas piping within buildings rather than banning natural gas products themselves. This ordinance, the panel this ordinance, as well as the solution it seeks, is an overreaching measure beyond the scope of any city. According to John Condie, CEO and president of the C.R.A., I have to go check what the CRA Cities and Statutes cannot ignore federal law in order to constrain consumer choices. It’s pretty important. You know, local does not trump federal and stupidity doesn’t Trump. [00:19:13][45.0]

Michael Tanner: [00:19:14] And I just hear that, Stu, that local, local law, in your opinion, shouldn’t trump federal law? [00:19:19][5.3]

Stuart Turley: [00:19:19] I agree. Now, let me add this caveat in the Constitution,. [00:19:23][3.5]

Michael Tanner: [00:19:24] Stu big government Stu [00:19:24][0.8]

Stuart Turley: [00:19:25] No, no, hang on. You know, okay. Oh, you just warmed up. I just warmed up on this bad dog. Okay. Let’s take Texas for a matter of matter of fact, it is the federal government’s responsibility to protect the border. Right? They are not doing it. [00:19:43][17.5]

Stuart Turley: [00:19:43] So now Texas needs to protect the border, but they can’t because it’s against the Constitution. It is a states. Right, though, in the constitution of the Texas to be able to protect their border from an invasion so which trumps in that case, which. [00:20:02][19.3]

Michael Tanner: [00:20:03] I’m with you. I was just I was making an interesting observation in this case and I agree with you. And the problem is the letter of the law is Federal trumps state. The issue is the way the founders had intended the construction of the Constitution to be would say the states have. It was federalism. [00:20:20][17.4]

Stuart Turley: [00:20:21] Right? The states have most of the controls and there are only certain things that the feds are supposed to control. [00:20:29][7.4]

Michael Tanner: [00:20:29] To bring it back to Berkeley, though, I hope they freeze. I hope they banned natural gas. I hope they freeze. I hope they need to start burning their shoes. Remember when we were starting to we had that donate that their shoe collection going for Germany. We were going to send them over there to help give more. Well, we just keep it shipped to Berkeley. [00:20:45][15.3]

Stuart Turley: [00:20:45] Oh, absolutely did. All right. Great job. Let’s go to the last one. I’m going to do this one very quickly. How the Clean Air Act, which has done good, I do want to say the regulation has done some good. Let’s close coal plants and keep polluting for that. There’s a loophole. Let’s see here. Let’s see. I had an important point. [00:21:11][25.7]

Michael Tanner: [00:21:12] Clearly wasn’t that important. [00:21:13][0.9]

Stuart Turley: [00:21:14] Oh, thank you very much you got me all excited about the border I went off on my tangent. The Reuters review of federal data shows the owner of Hatfield’s Ferry, the first Energy Corp that is a coal plant, sold most of the credits it was received due to the closing of the plant or transferred them to the other FirstEnergy-owned facilities, which are coal. [00:21:43][29.3]

Stuart Turley: [00:21:45] One batch worth an estimated 1.2 million help Missouri’s New Madrid power plant in 2021 comply with emission regulations while generating most of the smog producing and O2 in the nation aint that nuts. This whole thing of selling carbon credits is something. All it does is allow folks to keep polluting. I mean. [00:22:10][24.9]

Michael Tanner: [00:22:10] Yeah, I mean, it’s it’s the problem with opening it up to a free market is you will find people will pay a lot of money to figure out what’s the way to not skirt the laws, but push the stretch and push the boundaries of laws as far as they can. And without controls, without hyper regulation, which I’m against, naturally. [00:22:31][20.9]

Michael Tanner: [00:22:32] These carbon markets can act in very there can be some chicanery going on with what you’re seeing here. So I’m not in favor, you know, if we’re going to cut coal power plant emissions, I’m all for it let’s make sure we’re not transferring them. You know, in this little shell game of closing one plant transfer to another but I mean, there’s someone making a lot of money who figured that out so good for them. [00:22:52][19.3]

Stuart Turley: [00:22:52] You know, that’s one of the reasons Tesla is light years ahead of the other in EV companies. So anyway, Michael, that was it. And thanks for letting me rant and compliments to you for keeping me in line. [00:23:04][11.6]

Michael Tanner: [00:23:04] Always Stu. I will always check that you’ve had too many things go right for you over the past six months geopolitically that I’ve got to bring you back down a little bit. Move it over to finance, guys. Not much going on. The overall markets. Futures on Friday closed only only up about a 10th of a percentage point on the on the S&P. NASDAQ closed up a 10th of 12th excuse me, a 12th of a percentage point. [00:23:27][22.9]

Michael Tanner: [00:23:28] Crude oil continued its third day of tumbling we currently sit at 77. 87 was the close on Friday look somewhere to open up around 7795 as we record this in the afternoon on Sunday. Natural gas again it’s we got all the way up to 240 on Thursday and that was mainly due or excuse me on Wednesday, mainly due to the fact that there was a cold with a cold sweep coming in. [00:23:51][23.9]

Michael Tanner: [00:23:52] We thought there was going to be some nice draw from the from the crude oil or excuse me, from the natural gas storage we didn’t see as big of a I draw as we were expecting. So I think you saw prices slump a little bit currently sitting right now, $2.23 looks to open a little bit lower when the market opens around 330. [00:24:08][16.8]

Michael Tanner: [00:24:09] But the long term forecast on natural gas does not look good most people I talked to are extremely bearish, at least for the next two years on natural gas. So, you know, take that for what it’s worth. [00:24:19][10.0]

Michael Tanner: [00:24:19] High oil prices do not mean high natural gas prices because the higher oil prices go, the more associated natural gas production we’re going to have, which drives the price down. It’s the big reason why natural gas in the mid in the early 2010s, up until 2015, 2016 was still worth nothing because there was so much just associated natural gas and we didn’t know what to do with this. Everybody only cares about black gold. [00:24:39][20.2]

Stuart Turley: [00:24:41] Boy, you know, it just doesn’t make sense why the East Coast is kind of chowder head on the non pipelines they could really lower the cost of energy. [00:24:50][9.5]

Michael Tanner: [00:24:51] If only we had some pipelines we could get approved. [00:24:53][1.8]

Stuart Turley: [00:24:54] Oh, that goes back to regulations, don’t it? [00:24:56][1.9]

Michael Tanner: [00:24:59] You’re smart, you don’t forget it anything else? [00:25:01][2.0]

Michael Tanner: [00:25:01] Now I just want to give a shout out to all of the people listening to the show. Thank you so much. Also get to interview Robert Bryce of Power Hungry and Meredith Angwin, who is short in the Grand in one podcast. Two industry experts going to be a big fun. [00:25:20][18.4]

Michael Tanner: [00:25:20] Yeah, that’ll be a great episode so you have to check that out guys world’s greatest website www.EnergyNewsBeat.com for Stuart Turley I’m Michael Tanner appreciate it guys! We’ll see you tomorrow! [00:25:20][0.0]