Biden vs. Oil
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In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several key issues affecting the energy market. They begin by examining the impact of China's EV market oversupply and its potential repercussions on global automakers like Tesla. The conversation then shifts to criticisms of President Biden's energy policies, which are purportedly harming American automakers and boosting reliance on foreign oil, potentially undermining national interests. Further discussed are the falling diesel prices signaling a global economic slowdown, the complexities of managing excessive solar energy production in California's power grid, and geopolitical dynamics influencing oil exports, particularly involving OPEC, the U.S., and Saudi Arabia's economic strategies. They conclude with insights into corporate maneuvers in the energy sector, highlighting a proxy battle involving Silver Bow and Cambridge, and the broader implications of these corporate strategies on the market and geopolitical landscape.Highlights of the Podcast00:00 - Intro01:36 - China’s state planner warns intensified EV price war on oversupply03:55 - Biden’s damaging war against American energy production06:16 - Weak Diesel Prices Reflect Global Economic Slowdown08:22 - Kurdish Media Allege OPEC Request for Resumption of Oil Exports to Turkey11:03 - Rooftop solar panels are flooding California’s grid. That’s a problem.15:19 - US crude futures climb back into positive territory21:14 - Outro Please see the links below or articles that we discuss in the podcast.China’s state planner warns intensified EV price war on oversupply (https://energynewsbeat.co/chinas-state-planner-warns-intensified-ev-price-war-on-oversupply/)April 22, 2024 (https://energynewsbeat.co/2024/04/) Mariel Alumit (https://energynewsbeat.co/author/malumitsandstone-group-com/)SHANGHAI, April 22 (Reuters) – China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in […] (https://energynewsbeat.co/chinas-state-planner-warns-intensified-ev-price-war-on-oversupply/)Biden’s damaging war against American energy production (https://energynewsbeat.co/bidens-damaging-war-against-american-energy-production/)April 22, 2024 (https://energynewsbeat.co/2024/04/) Mariel Alumit (https://energynewsbeat.co/author/malumitsandstone-group-com/)The United States is the largest oil producer in the world. In 2023, we pumped out a record 12.9 million barrels every day. This is a significant milestone for the American economy — but not one you will hear […] (https://energynewsbeat.co/bidens-damaging-war-against-american-energy-production/)Weak Diesel Prices Reflect Global Economic Slowdown (https://energynewsbeat.co/weak-diesel-prices-reflect-global-economic-slowdown/)April 22, 2024 (https://energynewsbeat.co/2024/04/) Mariel Alumit (https://energynewsbeat.co/author/malumitsandstone-group-com/)Back in September last year, Bloomberg reported that refineries around the world were struggling to keep up with demand for diesel fuel. That imbalance led to soaring diesel prices, with the fuel gaining 60% in Europe and […] (https://energynewsbeat.co/weak-diesel-prices-reflect-global-economic-slowdown/) 
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