Daily Standup Weekly Top Stories
California and New York Could Miss Their 2030 Climate Targets …and still bankrupt the energy sector
California and New York, two national leaders in the effort to curb global warming, could both miss key 2030 climate targets, according to state officials. It’s a sign that even the states most aggressively pursuing […]
Battered and demoralised – the truth about Ukraine
IN HIS Warning to the West, a series of lectures delivered during the mid-1970s, Alexander Solzhenitsyn cautioned that Western intellectual life was succumbing steadily to perpetual lies. He said: ‘Why is it that societies which have been […]
Indonesia’s coal burning hits record high — and ‘green’ nickel is largely why
Indonesia burned 33% more coal in 2022 than the year before, contributing to a 20% increase in the country’s carbon emissions from fossil fuels, an analysis of official data shows. This will likely catapult Indonesia […]
Grand Canyon monument won’t end fight over uranium mining
If President Joe Biden creates a national monument around the Grand Canyon, that doesn’t mean the long fight over potential uranium mining in the area will end. A monument designation would halt new mining projects […]
DAVID BLACKMON: Is The Green Energy Transition Falling Off The Rails?
Is the much-hyped “energy transition” starting to crumble at its foundations now? In recent weeks we have seen the following: Ford Motor Company warns investors its electric vehicle division will lose $4.5 billion in 2023; […]
Highlights of the Podcast
00:00 – Intro
01:07 – California and New York Could Miss Their 2030 Climate Targets …and still bankrupt the energy sector
07:29 – Battered and Demoralised – the truth about Ukraine
10:27 – Indonesia’s coal burning hits record high — and ‘green’ nickel is largely why
12:33 – Grand Canyon monument won’t end fight over uranium mining
18:12 – DAVID BLACKMON: Is The Green Energy Transition Falling Off The Rails?
23:09 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Michael Tanner: [00:00:07] What is going on Everybody, Welcome to a special edition of the Daily Energy News Beat Standup here with Stuart Turley for our Weekly Recap. It’s a busy week, Stuart, and we have a lot lot going on. [00:00:18][11.3]
Stuart Turley: [00:00:20] It is, I am so glad that the week is done. [00:00:22][2.5]
Michael Tanner: [00:00:23] Yeah, no kidding. We had a massive amount of stories, guys we talked about the Grand Canyon trying to mine uranium off of them. Stuart, a great solo show I took a little bit of a vacation day. A lot of earnings and I mean, things are just getting crazy with ESG Stu It’s hard, it’s hard to keep and speak. [00:00:40][17.2]
Stuart Turley: [00:00:41] We’re seeing it going around the World, People are tired of paying high price for Energy, we’re seeing Indonesia cranking out Coal Mines. Coal’s going again and I’m going to be visiting some coal experts in the next few weeks. [00:00:55][13.9]
Michael Tanner: [00:00:55] Yeah, well, as always, guys,www.EnergyNewsBeat.com where you can read all of these stories, hit the description below for all the stories, but I’m going to turn it over to the team in the Weekly Recap. We’ll see you Monday, folks. [00:01:06][10.6]
Stuart Turley: [00:01:07] California and New York could miss their 2030 climates and still Bankrupt the Energy Sector. This is really important from the standpoint that Emissions and net zero are going to happen because of Michael Natural gas. It’s the only the EIA my beloved government has already said that. [00:01:33][25.9]
Stuart Turley: [00:01:33] California and New York two national leaders in the effort to curb global warming could miss Key 2030 climates, according to the state officials. It’s a sign that even the states most aggressively pursuing the plans to reduce carbon emissions and ramp up clean energy development are struggling to meet tough demands. You know why? [00:01:56][23.2]
Michael Tanner: [00:01:58] Why? [00:01:58][0.0]
Stuart Turley: [00:01:59] It doesn’t work. I am serious. I have been pleading for folks and Margaret and her husband, George, I asked for folks to give me stats on Wind Farms and Solar Farms, and George has absolutely stepped up and gave me some really good numbers on the profitability of Wind Farms. And I’m going to go through it with him because we don’t want to release anything without his permission. [00:02:31][32.6]
Stuart Turley: [00:02:33] I’m only Michael, you’ve heard me say this, I’ve only found eight years that the Wind Farm is profitable due to tax subsidies. This number in here, California officials increased that Emissions reduction target, though not legally to 48% last year. New York also mandates that 70% of its electricity come from renewable sources by that year, with California requiring 60%. Michael. Texas passed. California energy per kilowatt hour in Texas is one I think of California. You know why? [00:03:18][44.8]
Michael Tanner: [00:03:18] Why? [00:03:18][0.0]
Stuart Turley: [00:03:20] We use all forms of energy in Texas, I am proud of Texas. I mean, I love me from Texas. [00:03:27][7.7]
Michael Tanner: [00:03:28] Oh, it’s true. I mean, to think about Texas has like 30% of its energy come from Wind and Solar. [00:03:34][5.9]
Stuart Turley: [00:03:35] It’s because we use all forms of energy and California imports 70% from Ecuador on the rainforest, from China. There’s some energy hypocrisy. There was another article that came up that Ecuador is finally fighting back. They’re finally getting some bows and arrows to stand up to the CCP. So it’s pretty interesting. Now, California is going to squeak but anyway, I thought that. [00:04:07][31.4]
Michael Tanner: [00:04:07] You read into this article, which is by the Sacramento Bee, and it seems to all come down to this debate between the Cap and Trade program. You know, you have on one side, you have the economists who all stand beside saying, hey, you know, this is this is the program that we need to embrace. [00:04:23][16.1]
Michael Tanner: [00:04:24] We need to embrace one level of emissions hand out permits accordingly and allow the free market to trade them. You have the environmental justice Group talking about, well, that number is too high well, we don’t need to we don’t need to encourage pollution we do encourage no pollution in every policy that we create should be designed towards curbing pollution, not necessarily allowing this shift in pollution. [00:04:48][24.2]
Michael Tanner: [00:04:48] You know, they argue that the argument against Cap and Trade is that, one, companies will learn how to game the system that’s true. When there’s ever a market, people attempt to game the system and to the most vulnerable communities are going to end up still having the pollution because the the is it, you know, the more expensive and wealthy communities are going to be able to afford to buy and and enforced in companies with permits are going to continue to flock to those places where more permits to be so I, I see the argument there. [00:05:16][27.8]
Michael Tanner: [00:05:17] The problem is what the environmental what the air Board is pointing out is that we’re not going to be able to get there at the current technology rate. There has to be a huge increase in technology and a huge increase in the amount of permits being approved. [00:05:33][15.8]
Michael Tanner: [00:05:33] That’s the other thing that the environmental justice community is solely against Permitting Reform, which is I’m all for Permitting Reform, let Oil and Gas go quicker let Wind go quicker? I don’t think we talk about that In a free market, the best and most least expensive product wins. And as we always say, it’s all about the lowest kilowatt per hour. Who cares where it comes from? [00:05:54][20.8]
Stuart Turley: [00:05:54] I don’t care. In the end, the least impact on the environment and the least impact on Whales and Eagles. I know that you throw up every time I say that but, you know, the other part of this is I’m visiting with Larry Glover from the Glover Group, and he is talking about energy inequity and diversity. And you nailed it that the poorer communities are getting it in the drive through. And that wipes me out. [00:06:26][31.9]
Michael Tanner: [00:06:27] It’s the it’s the one downside, even as someone who would prefer a Cap and Trade, how do you set rules, right? Fairly minor. Her. It’s like the SEC people don’t believe that the SEC fairly monitors the stock market. They try they do a good job, Did they do a great job? No, they don’t. So we’d be the same issue with Cap and Trade. [00:06:47][20.2]
Stuart Turley: [00:06:48] Well, the other thing is when you sit back and take a look at where all this is going. The Permitting Reform you mentioned is critical. 8000 renewable projects before 2020 were being held up by permitting. Now we’re at 18000 to 20000 Wind Farms, Solar Farms from being connected to the grid. There’s sitting there going, well, I guess we’re going to kill a few Whales and Eagles until we get connected to the grid. I don’t know. [00:07:28][39.9]
Stuart Turley: [00:07:29] Battered and demoralized the truth about Ukraine. You know, Putin called the other day and he was like, Dude, I have an imitation between The Sopranos and Elmer Fudd. And he thought it was funny but here we go. [00:07:45][16.2]
Stuart Turley: [00:07:46] Kiev’s officials are warning the West that a massive Russian attack against their own demoralized, fractured army is imminent. MacGregor notes that this is always Moscow’s strategy to allow the Ukrainians to exhaust themselves in a fruitful offensive before mounting a renewed attack. [00:08:08][21.8]
Stuart Turley: [00:08:09] Michael. The NATO and the U.S. have poured billions of dollars into this because Russia had actually outplayed chess in the energy space, this all started because of energy. Russia has about 750,000 troops right behind that line, they have lots of ammunition. The United States has no ammunition we’ve given it all to Ukraine. [00:08:44][35.6]
Stuart Turley: [00:08:46] So our leaders are complete knuckleheads and I hate to do this, but guess who’s going to get hurt on this? The Germans, the E.U., everybody is coming in and NATO’s needs to go away. The vast delusion is a form of utopianism, an obstinate instance where the conflict, morality and militarily is the liberal wishes it to be the idealists. There was a total peace deal that Kiev wanted in. U.S. dropped it out. I just also watched some other films. Have you seen the cotton pickin videos of Cave In and what’s going on right there? [00:09:38][52.0]
Michael Tanner: [00:09:39] No, I have not. [00:09:40][0.9]
Stuart Turley: [00:09:40] It looks better than New York City. I would rather go take my wife out to Kiev in dinner and have a very enjoyable evening knowing that I’m not going to have anybody crap on my sidewalk in front of my dinner. It is beautiful. Everybody’s out the beach is out that’s not a war zone. So this is all a bunch of hoo ha. And it’s the energy market that is getting clobbered. [00:10:11][30.5]
Michael Tanner: [00:10:13] Yeah. So, you know, it all does come back to energy. I think this article does a good job of kind of of laying those pieces out. I think you’ve done an above average job of covering what’s going on with Ukraine. [00:10:24][11.1]
Stuart Turley: [00:10:25] We’re flying around the corner to Indonesia is Coal Burning hits record high and Green Nickel is Largely Why Indonesia burned 33% more coal in 2022 than the year before, contributing 20% increase in the country’s carbon emissions. They are trying to rebuild their economy by boosting energy, and that’s the same thing that Germany is having, is their economy is faltering because manufacturing is not capable of keeping up. [00:11:04][38.4]
Stuart Turley: [00:11:05] The Data shows that Country Coal Consumption may to be the highest by a very large margin. Is also looking with increases in oil is up 12% and gas 1.2%. It is amazing that they’re having to resort to coal. None of the world’s top ten largest emitters have seen growth in 20% in the last 15 years. Coal is king again, as Michael would say. [00:11:41][36.1]
Stuart Turley: [00:11:42] So when we take a look at it, you cannot go to renewables without a plan. We can’t get to Carbon Net Zero without a plan. You cannot cut out renewable or fossil fuels to just turn 100% to renewable energy tomorrow. We need Nuclear, We need Solar, We need Wind but we got to do it in a responsible way using Coal, Nuclear, Natural gas and Oil. Natural gas is by far the cheapest and least impactful on the environment. If you have any other information that you would like to discuss on the Podcast? I want to talk to you. I want to know what you’re thinking. [00:12:32][49.8]
Stuart Turley: [00:12:33] Green Canyon Monument won’t End Fight over Uranium Mining. You know, you can’t buy a good Grand Canyon story. I rappelled into the Grand Canyon and College had these murals running up and down the thing it was Never mind. Oh, I’m regressing. [00:12:50][16.9]
Stuart Turley: [00:12:50] Okay. If President Joe Biden creates a national monument around the Grand Canyon, that doesn’t mean the long fight over potential Uranium Mining in the area will end. This beloved president chowder head. President Chowderhead Hey, we could use that. He is traveling to Arizona where he actually was interviewed by Michael? The Weather Channel hard hitting interview by the Weather Channel. Biden has faced increasing. [00:13:27][36.9]
Michael Tanner: [00:13:28] Glad my Grandma saw that interview then. [00:13:30][1.8]
Stuart Turley: [00:13:31] The way. [00:13:31][0.3]
Michael Tanner: [00:13:31] I’m glad my grandma saw that interview then. [00:13:33][1.5]
Stuart Turley: [00:13:33] That oh my goodness every. [00:13:35][1.3]
Michael Tanner: [00:13:35] Grandma in America saw that interview. [00:13:36][1.3]
Stuart Turley: [00:13:37] In recent months, a coalition of bipartisan lawmakers and tribes, including the Havasupai and Hopi, have pushed the administration to reach the 1.1 million acre I don’t even want to pronounce is the Baaj Nwaavjo I’tah Kukveni Grand Canyon National Monument. [00:13:58][20.4]
Michael Tanner: [00:13:59] So. So let’s let’s stop. Walk me back to your shoes. So I assume the area around the Grand Canyon is rich in minerals is that basically what’s happening here? And there’s a new and so what? There’s this new bill that’s if you establish a natural, a national monument or a national park, you then can’t necessarily drill that is that or mining is that basically whats going on?. [00:14:22][22.3]
Stuart Turley: [00:14:23] Open Mine. That is correct. And the Open Mine in there is Uranium here he is. He is saying, Yes, we want Nuclear and then, No, we’re not going to Mine in the area that they’re talking about after being in the Grand Canyon, you can enjoy the beauty from the bottom looking up it is spectacular we need to guard that. [00:14:47][24.3]
Stuart Turley: [00:14:48] I’m not saying that that is not something we got to guard, but where this Proclamation in 1996 barred new mineral leases, mining claims, prospecting or exploration activities. They’re reaching way outside where they were already approved for mining. So what they’re now doing is they’re going, Oh, we want these other million acres over here. So it’s unlikely that any existing claims would be valid. So they’re going retro. [00:15:22][34.6]
Michael Tanner: [00:15:24] Here’s the and this is this highlights the unfortunate truth about the Energy Transition and specifically the move to Renewables under the current, you know, Solar or Wind EV battery. All that because we need minerals. People want they don’t want it’s the old adage with with homes not in my backyard. [00:15:46][22.0]
Stuart Turley: [00:15:47] In our lives. [00:15:48][1.1]
Michael Tanner: [00:15:49] Everybody wants batteries, Everybody wants a Tesla until the mines got to now come in your backyard. Well I don’t want the mine there for the Uranium is. So this highlights an interesting conundrum that we’re I don’t think anyone really knows how to solve. And it’s why up until now we’ve been okay, outsourcing that to other parts of the world, China, Africa, eventually to support the amount of, you know, minerals that we’re going to need. [00:16:17][28.5]
Michael Tanner: [00:16:18] I happen to know a little bit about this subject the amount of minerals that we’re going to need is good. We’re going to have to come here home and get them at some point, we’re going to we’re not going to. And if China controlling 90% of the critical minerals market, if we for the eventual war that we’re that are our leaders tend to, you know, want to get us in with, you know, World War Three or Four whichever one we’re going to get it, which. [00:16:42][23.9]
Stuart Turley: [00:16:42] Right. [00:16:42][0.0]
Michael Tanner: [00:16:42] We know that’s coming. You know, No one No. You know, when that happens, we’re in trouble. So that’s I think that’s what this article, in my opinion, highlights specifically is, okay, we’ll then get it. We’re not going to get uranium from the Grand Canyon. Cool I think we should keep the Grand Canyon is a national monument. You don’t have to. You. [00:17:00][17.7]
Stuart Turley: [00:17:01] There’s lots of Area. [00:17:02][0.6]
Michael Tanner: [00:17:03] Thats Great I like the Grand Canyon I’ve never seen it with my own eyes. The problem is, you start doing this to every single place, you’re going to run out of minerals. So where’s the medium? [00:17:10][7.8]
Stuart Turley: [00:17:11] Here’s. Here’s the Gotcha and I, since I have been at the grand bottom of the Grand Canyon, many, many miles rappelling in love it. The problem is the United States gets 60% of its Uranium from. [00:17:30][18.6]
Michael Tanner: [00:17:31] China? [00:17:31][0.0]
Stuart Turley: [00:17:32] Russia [00:17:32][0.0]
Michael Tanner: [00:17:33] Oooh. [00:17:33][0.0]
Stuart Turley: [00:17:34] Yes. Who bought most of our Russian uranium supplies? Russia. Guess who sold them to Russia? Bill and Hillary Clinton. I am not kidding. So when you sit back and take a look, we now have a place that you can you can actually have a uranium mine and it won’t impact the Grand Canyon. [00:18:02][27.9]
Michael Tanner: [00:18:03] All right. Let’s get to our favorite guy on our favorite random guy on Substack, David Blackmon. What’s he got? [00:18:07][4.6]
Stuart Turley: [00:18:07] Oh, man, I love meeting David Blackmon he is one cool cat. Is the green energy transition falling off the rails? And I think that there is an Ms.. Producer if you could fly in this video, we would greatly appreciate this is about a one minute video so bear with us. [00:18:29][21.2]
Stuart Turley: [00:18:29] For our podcast listeners you’re going to hear the Benny Hill song and when you’re done with it. So bear with us here it’s about 30 seconds to the minute we’ll just have it flying around for a second. So here we go. [00:18:44][14.6]
Short Video: [00:18:44] (Short Video) [00:18:44][-0.0]
Stuart Turley: [00:19:46] Okay. Now, Michael, how did you like that tracker and everybody else dragging those people out of the UK? They were people trying to stop oil, just stop oil and people are tired of it so this is the UK. David Blackmon was talking about a worldwide kind of thing, and I think that video. Pretty much sums it up as people are getting tired of it. [00:20:12][25.3]
Stuart Turley: [00:20:12] But David goes in and says There’s much hype Energy Transition is starting to crumble at its foundation they’ve seen the following. These are key Ford Motor wants its investors to lose 4.5 billion in 2023. China has commissioned another 50 gigawatts of coal fired plants. Brits have led by prime minister beginning to back away from aggressive transition timelines. [00:20:46][33.7]
Stuart Turley: [00:20:48] They’re getting all grumpy and then people are getting all thrown around on this because they can’t afford it. The Scottish Government, forced to admit, had facilitated the felling of 16 million trees. You can’t buy that when we had a couple of stories go 60,000 views a day on those things. [00:21:07][19.9]
Michael Tanner: [00:21:08] Yeah, that was that’s the best article we’ve ever had on Energy News Beat, which cuts down 60 Minutes. I remember I was in Dallas moving. It was a little over a year ago,. [00:21:18][9.8]
Stuart Turley: [00:21:19] Right [00:21:19][0.0]
Michael Tanner: [00:21:19] Less over a year ago. I remember sitting in the airport watching the statue just go off because we had 1000 users reading about the Scottish government. So know I think what this article does a really great job of Stu is summarizing how it really in this last couple of weeks, we’ve seen a huge shift to, you know, what I would call smoke when there’s smoke there’s fire. [00:21:40][20.8]
Michael Tanner: [00:21:41] You’re starting to see drips and drabs of people coming out and saying, oh, renewables, this British government, this German coal act, you know, mining for new coal Scotland for stupid Japan government firing up, calling in all these little things and you start piecing the tealeaves together for what could be an eventual swing towards what we’ve always said, Natural Gas, which is probably the transition fuel you know, until we get fusion ready. [00:22:11][29.8]
Stuart Turley: [00:22:12] Well, what we’re seeing is there’s about two or three things that are coming around the corner that people need to look out for. A couple articles that I’ll talk about tomorrow US is now looking at a recession by the end of this year, beginning of next year. And the Global Economy is also looking to roll into that recession period. [00:22:35][23.0]
Stuart Turley: [00:22:36] And when people are starting to get worried about it and the number one reason is energy or management energy. When people start getting all grumpy down and they start getting drug around by the these truckers in that video, it’s absolutely who we’re about to see more of that, Michael. And God bless David Blackmon. I love David. He has a way of articulating it. Everybody follow him on his Substack. [00:22:36][0.0]
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