In this episode of the Energy Newsbeat Daily Standup - Weekly Recap Michael Tanner and Stuart Turley deliver a high-impact recap starting with the El Segundo Chevron refinery fire in California — potentially caused by an unconfirmed Venezuelan drone strike — highlighting its crucial role in supplying 40% of SoCal's jet fuel and gasoline. They dissect California’s declining refinery infrastructure under Governor Newsom’s policies and the national security risks involved. The discussion then pivots to skyrocketing AI-driven energy demand (55+ GW by 2030), investment plays in natural gas (Williams, EQT), and Berkshire Hathaway’s $10B acquisition of OxyChem. They close by spotlighting U.S. moves to secure tungsten supply from Rwanda, the Ambler Mining District road project, and the need for U.S.-based manufacturing to safeguard critical infrastructure.

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Timestamps:

00:00 - Intro

00:14 - Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike

04:06 - AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030

09:25 - Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals

19:30 - OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike

24:10 - The United States Has Begun Receiving Shipments of Tungsten, Straight from Rwanda, Bypassing China

26:41 - President Trump Approves a 211-Mile Road to Alaska’s Ambler Mining Distric31Outro

28:54- Outro

Links to articles discussed:

Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike

AI Computing Demand: An Additional 55 GW of Power Capacity Required Globally by 2030

Berkshire Hathaway Inc. to Acquire OxyChem: A Strategic Move in Energy and Chemicals

OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike

The United States Has Begun Receiving Shipments of Tungsten, Straight from Rwanda, Bypassing China

President Trump Approves a 211-Mile Road to Alaska’s Ambler Mining District