A wild ride today with Irina Slav, David Blackmon, Dr. Tammy Nemeth and Stu Turley
You don’t want to miss this episode of the Energy Realities podcast with Irina Slav, Dr. Tammy Nemeth, David Blackmon, and Stu Turley as they cover the latest global trends in investments in energy. The IEA has released a report, and it will cover the real-world viewpoints on it. Bring your questions!
We had some wild comments on the live show, and we appreciate the real comments and commentators who want to make a positive difference.
1. Global Energy Investment Report (IEA)
- Most investment going to grid upgrades, storage, wind, and solar
- Declining investment in upstream oil and gas for the third consecutive year
- Concerns about future supply crises despite rising demand
2. Oil & Gas Supply Crisis
- Oil demand expected to rise through 2040-2050, but investment is declining
- Concerns about structural supply shortages in the near future
- CEO warnings (Chevron, ExxonMobil) about prices potentially reaching $120-140/barrel
- Strategic oil reserve refilling needs globally
3. Net Zero Policies & Their Consequences
- European countries struggling with energy costs and deindustrialization
- California’s climate policies threatening remaining refineries
- Subsidy expiration affecting renewable project viability (solar/wind subsidies ending July 31st)
- ESG and climate disclosure requirements creating business uncertainty
4. Natural Gas & LNG Markets
- EU natural gas storage critically low (some countries at 9-15% capacity)
- Investment in natural gas reaching decade highs
- LNG export capacity challenges and geopolitical implications
- Methane regulations and compliance issues
5. Arctic & Offshore Exploration
- Competition with Russia over Arctic resources
- Challenges in developing North Sea, Alaskan, and Canadian Arctic reserves
- Pipeline infrastructure bottlenecks (particularly in Canada and New York)
- Marcellus Shale gas production lacking export outlets
6. Renewable Energy Challenges
- Solar investment falling in China
- Subsidy dependency making projects unprofitable
- Data centers using natural gas/diesel despite “renewable” capacity claims
- Environmental concerns about solar panel durability and waste
7. Regulatory & Political Barriers
- Lengthy approval processes for energy projects
- Inconsistent policies across administrations
- EU’s “Brussels Effect” creating compliance pressure
- Antitrust concerns preventing industry coordination
8. Economic & Financial Implications
- $300 trillion needed for energy transition (McKinsey) vs. $3.4 trillion actual investment
- Diesel shortage warnings (Russia banned exports)
- Energy security becoming a geopolitical dividing line
- Inflation and energy cost impacts on consumers
The overarching theme is a fundamental mismatch between net-zero policy ambitions and economic reality, with the hosts arguing that current policies are unsustainable and will lead to energy shortages and higher costs.
Doomberg live on Friday covering the Global oil and Gas Markets; Dr. Beatriz Canamary on Thursday on the Critical port infrastructure; Kim Farrington for the US Senate; Rey Trevino, Pecos Operating, on the Texas Oil and Gas markets; and Thomas Lamb, CEO of Myriad Uranium.
Check out for Stu Turley on The Energy News Beat Substack: https://theenergynewsbeat.substack.com/
For David Blackmon https://blackmon.substack.com/
For Tammy Nemeth https://thenemethreport.substack.com/
For Irina Slav https://irinaslav.substack.com/
