Daily Energy Standup Episode #145 – The Aftermath Unveiled: Failed Counteroffensive, Cyber Threats, Political Clashes, and Economic Warnings Shake the Nation

The explosion and fire of a tanker truck just north of Center City Philadelphia, leading to the collapse of sections of Interstate 95, one of the most heavily traveled roads in the United States and […]

Beware this stock market rally because it’s reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says

June 14, 2023 Mariel Alumit

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

Stuart Turley: [00:00:13] Hello, Everybody, Welcome to the Energy News Beat Daily Stand up Show My name Stuart Turle President and CEO of the Sandstone Group and today is June 15th we are going to have a lot of fun. Today is going to. Be a great day for everybody our story line up is pretty amazing here. [00:00:32][18.1]

Stuart Turley: [00:00:32] The first one is How will the U.S. respond to failure of Kiev`s Nato back counter offensive? But also, how does Tucker Carlson fit in? Americans should prepare for cyber. Sabotage from chinese hackers the U.S. official warns, this one we might want to pay attention to. [00:00:52][19.7]

Stuart Turley: [00:00:53] Now next, come around the corner is Joe Manchin vows to fight Biden’s war on appliances, not supporting any of the craziness. I don’t know about you, but I’m a little wondering if we can actually trust Joe to follow through. [00:01:07][14.6]

Stuart Turley: [00:01:08] The next one Philadelphia Bridge Collapse Crystallizes Fossil Fuel Debate we’re going to debunk a little bit of this one, but it’s going to have a nice impact on discussions. Next one is Beware the stock market rally because it’s reminiscent of what led up to the 2008 crisis, J.P. Morgan. Asset Management’s CIO says. [00:01:31][22.8]

Stuart Turley: [00:01:32] So with that, we’d like to thank all. Of our listeners we are just. So happy with the interaction that we’re getting and all of the positive feedback. And if there’s anything that you need, it’s Questions@EnergyNewsBeat.com and check us out. Our new site is Energynewsbeat.co and dot com so either one will get you there. So again, hit the subscribe button Share Like whatever however you do that as a young person. Michael would say. [00:02:04][31.4]

Stuart Turley: [00:02:05] The first article How would the U.S. respond after the failure of Kiev`s  Nato back counter offensive How does Tucker fit in? This is an interesting article and it is from Andrew Korybko he is a Russian substack author. He has allowed us to reprint this, he’s an interesting cat. I don’t always agree with Andrew Korybko he has some interesting points from a Russian point of view. [00:02:33][28.6]

Stuart Turley: [00:02:34] Now this one now has some really good points Andrew Korybko is a Russian substack author with some interesting articles on a global political issues. We publish his article with permission in a way to look at all sides of the discussion. [00:02:50][15.8]

Stuart Turley: [00:02:51] In this article, he points out some very interesting things, and we can agree that the United States needs to back down from NATO and not escalate the situation in Ukraine. Also, I, for one would like to see an accounting for all the money that the United States has sent to Ukraine and verify any graft kickbacks or improper use of funds since we don’t have any of the proof out I always want the proof. [00:03:17][26.7]

Stuart Turley: [00:03:18] But Tucker, if you have seen Tucker Carlson’s Episode Three on America’s Principles or Stake on. Twitter, pretty interesting. And watch that one before you finish the rest of this article. With Tucker’s latest comments he has some direct points that help set the stage for Andrew’s article. [00:03:36][17.7]

Stuart Turley: [00:03:36] While Trump was mentioned in his tweet, it also sets the stage for the. Current administration’s view on this war. We have to ask why is it that Trump is the only one that did not have a. War in many of the previous presidents in our modern age. [00:03:55][18.9]

Stuart Turley: [00:03:56] So Andrew brought up a couple points and when you take a look at the points of NATO escalation and Russia. Russia. Has subs cruisin all over the world they have the hypersonic nuclear missiles they could defeat much of the U.S. as a shield. [00:04:15][19.4]

Stuart Turley: [00:04:17] So they really are not worried about the first strike or retaliatory they’ve got some great weaponry. What the U.S. needs to do is back off of NATO, back off of the. Support. Because I think there is some real issues with Ukraine. Yes, I was I’m not for Putin I just want this to be sure and clear. [00:04:38][21.4]

Stuart Turley: [00:04:39] I am not a Putin fan, but I’m also not a Ukraine fan from having our 30 plus chemical weapons labs in. Ukraine and I think that there is. Something to this on both sides. So an excellent article. Go take a look at it. We also want to hear from you on your opinions on all of that. [00:04:58][19.5]

Stuart Turley: [00:04:58] Americans should prepare for Cyber sabotage from Chinese hackers U.S. official warns. Holy smokes. This brings up about four or five other articles that Michael and I have talked about just recently. [00:05:13][14.1]

Stuart Turley: [00:05:14] Chinese hackers are all but certain to disrupt American critical infrastructure, pipelines and railways. We saw that I think it was two years ago when the Colonial Pipeline was attacked by Cyber terrorists. And it put a halt to just the gasoline and other things that were piped up to the east. [00:05:35][20.5]

Stuart Turley: [00:05:35] And this is Security Agency Director. Jen. Easterly said Beijing is making major investments in the capability to sabotage US infrastructure well blown floating over the country didn’t really help either. This, I think. Is the real threat that we need to be prepared for, to focus on and to build resilience against she told her audience. [00:05:59][23.5]

Stuart Turley: [00:05:59] She cautioned that Americans needed to be prepared in the likelihood that Beijing’s attackers would dodge their defenses and cause damage in the physical world. Here’s a little bit of a thing about China. XI President XI is under some serious, serious problems. In the past, the way that dictators have gotten away from being able to get run out of town by their people is to start a war. [00:06:28][28.7]

Stuart Turley: [00:06:29] So if you start a war, you have a better chance of getting everybody rallied around you and everything else. I heard that comment and I need to double check and see where it came from it’s a good point, though. Think about it if XI Starts a war and all of a sudden we are in a war situation. President XI is going to get the backing of his people and is able to maintain control it’s all about control. [00:06:53][24.7]

Stuart Turley: [00:06:54] So if that happens this article really does come into play you need to be able to have enough supplies to be able to survive a little while. But if the grid goes down and they’re attacking the infrastructure I’ve had another interview on my podcast in which it could be years before the grid could come back up. [00:07:16][22.0]

Stuart Turley: [00:07:17] Here’s the other piece of this puzzle three weeks ago, 30 tons of ammonium nitrate went missing of that 30 Tons, that’s 18 Oklahoma City bombings. Another article came out the next day, two days after that, and said that there’s 400,000 miles of the grid. Potentially being attacked. You take a look at all of these articles and you’re seeing some really things that may be connected but if they’re not connected, you know, we need to seriously take a look at these wide ranging articles. So take a look at that article as well on News Beat. [00:07:55][37.9]

Stuart Turley: [00:07:55] Joe Manchin Vows to Fight Biden’s war on the appliances not supporting any of these craziness. There’s a little bit of frustration from Americans right now about having to worry about the government stepping in and taking your gas stoves away. They’re going to require you to put in wash machines and washers that are less capable. Are you going to have to put in heat pumps that they can shut off? There’s a lot of things come around the corner that we need to take a look at. [00:08:26][31.0]

Stuart Turley: [00:08:27] My problem with Joe Manchin is if he’s up there saying that, can you trust him to stand up and say he’s going to stand with the other folks? It absolutely shows you how disconnected the DOE. is with the facts and the. Reality of what’s happening to the grid system, Manchin told Fox News Digital. [00:08:46][19.0]

Stuart Turley: [00:08:46] We have so many warnings from the Federal Energy Regulation Regulatory Commission and North American Electric Reliability Corporation and everybody else that the grid is sustained, to say the least. It’s not sustained, and it’s because of The Energy. Policies. They’re taking more and more dispatchable energy off of the grid and putting renewables on the grid causing. More in stable so let’s pay attention to that one as well, too. [00:09:17][30.4]

Stuart Turley: [00:09:17] Hey, this Philadelphia Bridge article, Philadelphia Bridge collapse crystallizes fossil fuel debate. Holy smokes, this is a bad deal. This was a gasoline tanker that did blow up under the bridge caused the bridge failure. I did see. Mayor Pete on the news today and he was saying that everything’s going to cost higher and cost more because you’re going to have to drive further and the food and all everything. Is going to have to go further so it’s going to add to the cost. [00:09:54][36.5]

Stuart Turley: [00:09:54] Well, why are we having a fossil fuel discussion when we actually should be having a pipeline discussion? Pipeline is a lot safer than transporting the tanker truck. Now, if the tanker is at the last mile and you gotta get it to it I understand that, but this may have been a longer haul looking at where it was there are no pipelines in that area. [00:10:20][25.1]

Stuart Turley: [00:10:20] So How do we get the lowest cost. Kilowatt per hour, the lowest cost gasoline to all citizens of the world with the least amount of impact on the environment and not printing money that’s what we need to do. Save the environment, Save the whales, Save the people let’s do all three. [00:10:42][21.8]

Stuart Turley: [00:10:43] Okay. Beware the stock market rally because it’s reminiscent of what led up to the 2008 Crisis. J.P. Morgan Asset Manager. Okay, this one is kind of interesting. The market stock markets rally. This is the first line out of the article. Ongoing rally is the calm before the storm according to J.P. Morgan’s Asset Management. [00:11:04][21.8]

Stuart Turley: [00:11:05] Bob Michel told CNBC that current market conditions remind him of the. March to June period of 2008. We’re seeing things you only see in recession or where you wind up in a recession. That, to me is kind of frightening on on that standpoint is because we don’t know. [00:11:28][22.4]

Stuart Turley: [00:11:29] Has the Fed done a good job to this point? No. Can they get us back around out of this? I don’t think so. And I think the only way the Fed can get inflation the Biden Administration just released a publication saying that inflation is down. But another article came out and said that it is cumulotory not the way that they were misleading the public. And so we’re actually up 13% still in a overall inflation area so let’s all fact check each other take a look at that. [00:12:06][36.7]

Stuart Turley: [00:12:06] So with that, Hey, reach out have a great time, hug someone in your. Family tell them you love them and have an absolute wonderful week. Reach. Out to us and we look forward to visiting with you as always we’re here to help. Have a great day. [00:12:06][0.0]