In this episode of Energy Newsbeat Daily Standup, Stu Turley and Michael Tanner break down the hidden costs and tax subsidies behind wind energy, highlighting Warren Buffett’s reliance on tax credits to make wind projects profitable, while consumers and taxpayers ultimately foot the bill. They contrast this with the lower cost of natural gas and new turbine technology, critique California’s EV credit policies under Governor Newsom, and cover geopolitical energy developments, including the U.S. blocking Iran-Iraq gas deals and Michigan’s Line 5 pipeline legal battles. The hosts also touch on market movements, rig counts, and Cord Energy’s Williston Basin acquisition, while emphasizing the value of diversifying through oil and gas investments with strong tax advantages.

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https://www.linkedin.com/in/stuturley/ and

Twitter: https://twitter.com/STUARTTURLEY16

Follow Michael On LinkedIn: https://www.linkedin.com/in/michaelta... and

Twitter: https://twitter.com/mtanner_1

Timestamps:

00:00 - Intro

00:12 - Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies

03:37 - Rising Natural Gas Costs Make Wind and Solar More Expensive, Too

06:49 - California Won’t Replace Expiring $7,500 Federal EV Tax Credit

09:15 - Iraq’s Gas Deal Through Iran Blocked by U.S.

10:58 - Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan

16:28 - Market Update

17:27 - U.S. Oil Rig Count Rises for Third Consecutive Week

17:46 - Frac Count Update

18:02 - Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m

19:14 - Outro

Links to articles discussed:

Warren Buffett Was Right About Wind Energy, and You Should Not Invest in It Without Tax Breaks and Subsidies

Rising Natural Gas Costs Make Wind and Solar More Expensive, Too

California Won’t Replace Expiring $7,500 Federal EV Tax Credit

Iraq’s Gas Deal Through Iran Blocked by U.S.

Oil Pipeline Lifeline for Canada Comes Under Siege in Michigan

U.S. Oil Rig Count Rises for Third Consecutive Week

Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m