Daily Standup Top Stories
Nano Nuclear Thinks It Will Be ‘First Company to Sell Microreactors,’ With 2030 Target
Authored by Nathan Worcester via The Epoch Times (emphasis ours), During a wide-ranging interview with The Epoch Times, the leadership of Nano Nuclear Energy Inc. predicted they would win the race to commercialize a reactor […]
‘External’ Activity Probably Behind Finland-Estonia Gas Pipe Leak
Finnish President Sauli Niinisto said on Tuesday a leak leading to the shutdown of a natural gas pipeline from Estonia to Finland this weekend was probably caused by “external” activity. Last year there were a […]
Israel-Hamas Conflict Directly Impacts Oil and Gas Prices
The Israel-Hamas conflict has directly impacted oil and gas prices, gas operations in Israel and Egypt, and port operations in Israeli ports. That’s what Dryad Global Analyst Noah Trowbridge told Rigzone late Tuesday, adding that […]
OPEC Warns Net Zero Push Endangers Global Energy Security
OPEC general secretary Haitham al-Ghais criticizes calls to halt investments in new oil projects, labeling it an “extremely risky narrative.” Amid contrasting views with the IEA, OPEC’s latest oil outlook expects global oil demand to […]
Highlights of the Podcast
00:00 – Intro
02:38 – Nano Nuclear Thinks It Will Be ‘First Company to Sell Microreactors,’ With 2030 Target.
04:18 – ‘External’ Activity Probably Behind Finland-Estonia Gas Pipe Leak
07:09 – Israel-Hamas conflict directly impacts oil and gas prices
10:54 – OPEC warns Net zero Pushes Endangered Global Energy Security.
12:42 – Outro
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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.
Stuart Turley: [00:00:14] Hello, everybody. You’ve made it to Thursday. Today is October 12th. Welcome to the Energy News Beat Daily standup show. My name’s Stu Turley, president and CEO of the Sandstone Group. Michael’s goofing out. So we should have a lot of fun, and we’re going to make fun of him. Thank you to everybody that is following, liking and giving us feedback. We is just having so much fun and we’re now in 115 different countries. So thank you to everyone around the world. I’ve got a lot of articles and a lot of things to talk about. One of the articles on energynewsbeat.com is nano Nuclear thinks that it will be the first company to sell micro reactors in 2030. Kind of an interesting topic, and I have some more information on that. Just a sec. We also have external activity probably behind the Finland Estonia gas Pipe leak. This happened on Saturday, but there’s more information that came out and I will get that to you. And I kind of tease that up on yesterday’s show. And then we have Israel-Hamas conflict directly impacts oil and gas prices. Got some updates on the Mediterranean in the Leviathan field. Lots of stuff going on there. And then last yesterday, Michael and I talked about the OPEC and the discrepancy between what the IEA is saying as well as we hear the IEA and OPEC and that kind of believe OPEC’s rules. But here it is. OPEC warns net zero push endangers global energy security. I’ll tell you, this is a kind of an interesting article from opening yesterday. They were saying you got to have $12 trillion in investment. And then this article comes out from OPEC as well. So I’m going to go through that right now. [00:02:17][122.1]
Stuart Turley: [00:02:17] So with that first coming around the corner, as I’ve talked to Meredith Angwin a couple times, she wrote the book Shorting the Grid, absolutely phenomenal. I think nuclear is still one of the key things that we can do as a country, as a world, in order to get the lowest cost kilowatt per hour to everyone. This article says nano nuclear. It thinks it will be the first company to sell micro reactors. First, let me say there’s modular, there’s the full blown reactors, then we have modular reactors and now this is nano reactors, micro reactors. The company has nano reactors. Micro reactors are utterly dwarfed by big conventional reactors, which can generate up a thousand times as a microbe. They’re also smaller than small modular reactors as in Mars that are now currently being deployed. This is a quote from Mr. Walker. James Walker is the CEO of Nano Nuclear, and I reached out to them to try to get them on the podcast. When you sit back and take a look, the micro reactor is really aimed at remote habitation, mining projects and disaster relief area charging stations and data centers. This is cool. This could also go to emerging nations. It could go to anywhere that we need smaller reactors a city, a town. I could see this really expanding out. His next quote is maybe we can even power Bitcoin mining operations there. From the Nanos founder President Jay Yu. I thought this was a really great one. And think about keeping it in Alaska because overheating is always an issue. Anyway, this is pretty darn cool. I think that this is actually a van tastic energy technology and we’re going to keep an eye on that. So let’s go to the next one. [00:04:17][120.4]
Stuart Turley: [00:04:18] Everybody remembered how we talked about the Nord Stream one and Nord Stream two pipelines. There were the four pipelines that went from Russia to Germany and they were blown up. And so three of the four, there’s no one in existence that could be turned on. But there is enough conspiracy theory, if you would, out there. Nobody’s really taking advantage of it. But President Biden said that they kind of hinted that it could have been the United States. And then in Russia, Putin came out and said that why would we do it? Because all we have to do is disable the head end. And then it came out that there were other folks from Ukraine that went on a sailing yacht, went out for a three hour cruise, and they did it. Don’t know who did that, but there are defense force. Sources that are now saying measures have taken measures around the pipeline. Finland is ready for normal conditions. These things are now known, quote unquote. They need to work on that title then. Not sure that it made any sense in Oku to Palin Diski I observe for saying those wrong. But the article says at the press conference Tuesday morning, Prime Minister Co did not name the suspected culprit, but he said that coordination between the authorities, Estonian Prime Minister has also been contacted. Repairing the damage is going to take months and it is assured the supply of gas will be stable in the LNG plants in Inco. So they are still alive at the normal operating level. It has been known that the readiness level of the defense forces has been moved in. In this sense it says we’ve already enhanced our own operations, achieve readiness, manager Admiral Hoosegow said at the event. [00:06:20][122.4]
Stuart Turley: [00:06:21] This act was not an ordinary person. There is rumors Did Russia do it or who else did it? I got to give a shout out to Tom Kirkman on LinkedIn. He’s been on the podcast twice and he did say if someone was emboldened enough to do the Nord Stream two pipeline, Nord Stream one and Nord Stream two, and nobody really did anything about it, they would be emboldened again to do more. Pipelines and subsea communications cables were also destroyed. There’s a limited number of countries around the world that can get into the middle of this and really take out those underwater assets. So let’s we’re going to keep an eye on that for you. The next one coming around the corner is Israel. Hamas conflict directly impacts oil and gas prices. I just talked to David Blackman about an hour ago. And as we were talking about it, he did agree that if there’s two really big unknowns out there, if Israel gets upset that the Hamas money to do the strikes in did come from Iran, Iran has gotten I’ve heard everything from 30 billion to $70 billion that they have shipped in income in oil going out to China, India, and I’ve even got tracking down oil to the United States. And I’m trying to make sure I say that correctly. So I don’t want to give an immense mis information. So people are buying oil from Iran that has funded a lot of money. And people have been saying all over the place that Iran is a big supporter of Hamas. So if Israel tries to take out the export facilities in Iran, that will really make it tougher for Iran as well. I mean, excuse me, for India and China. And then there was also an article that just came out that Russia had sold oil to India at $80, which was above the cap, the the EU sanction cap of $60. [00:08:41][139.4]
Stuart Turley: [00:08:42] So when you take a look at all that, that one thing could impact heavily the price of oil. I want to go into some natural gas here in a second. But if Iran mines the Strait of Hormuz, that could also that is a huge channel for tankers around the world. That could be another one in this article that we were talking about. Israel has suspended operations at the offshore Tamar gas field and security precautions and is investigating alternative fuel sources. This is huge. It will also impact Israel’s trading partners, including Egypt, who imports Israel’s gas has has been cut by 20%. That’s a lot of gas for Egypt, although not directly targeted by Hamas. Israel’s Israel’s commercial ports have also been impacted by the surprise offensive. We continue to supply our customers, the spokesperson said. Chevron also, though, is focused on the safe and reliable supply of natural gas in the Leviathan field. The Leviathan field is huge and critical for the LNG natural gas into Europe as well too. It’s one of the world’s largest deep water gas reserves and 200 engineers designed with seven. Thousand workers from 25 different countries built out the Leviathan field. We’re going to be watching this. And that is a huge one. Taking out gas production in the Leviathan field would be the other third cornerstone that if Iran got in and we really tried to impact this, this whole area could be impacted. A third order of magnitude would be the importance of the U.S. oil and gas shale plays coming online. So all of that is directly impacted on each other. OPEC, I wanted to cover this for just a brief moment. OPEC warns Net zero Pushes Endangered Global Energy Security. So if you just keep pushing. [00:11:02][140.1]
Stuart Turley: [00:11:02] Yesterday, we talked about the $12 trillion it’s needed. It not that long ago was 4 trillion. And now they’re saying that. So let me read you a couple of bullet points here in this article. Amid contrasting views with the IEA, the OPEC’s latest oil outlook expects the oil demand to rise until 2045, reaching 116 million barrels per day with an anticipated decline in global output by the 2030. As OPEC predicts, its oil market share will increase from 34% to 40% by 2045. As a lot of numbers, it’s a lot of years out there. In my opinion, there’s too much in global uncertainty to even throw these out there. Pray that we start getting calmness around the world. And OPEC has now raised its prediction for oil demand over the medium term, estimating a rise from 102 million barrels per day to 110 over the next five years. I think it’s actually going to be higher than that. And the reason for that is because the failure of the companies wanting to invest in renewable energy and we’re talking about renewable electricity, as Robert Ron, Ronald Stein would say, it is renewable energy because renewable electricity or renewable energy has to be able to be a multiple of things. Wanted to give Ronald a shout out there. [00:12:42][99.2]
[00:12:42] So let’s take a look and let’s keep praying for the world. Let’s make sure that we hug your family, hug your dog, share the podcast. Call me, Let me know. Reach out to us. Questions@Energynewsbeat.com. And I just really enjoy talking to all my energy experts. I’ll be in the Midland Permian International Show next week with live podcast. Looking forward to talking to everybody about energy and humanity around the world. Thank you and have a great day. We’ll talk to you guys soon. [00:12:42][0.0][743.6]
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