Daily Energy Standup Episode #222 - Switzerland Bans Electric Cars, AI Power Demand Rises, LNG...

Episode #222 - Switzerland Bans Electric Cars, AI Power Demand Rises, LNG Prices Soften, Biden's Grid Plan Challenged and OPEC Warns of Underinvestment

In this episode of the Energy News Beat Daily Standup, In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley discuss various energy-related topics. They start by mentioning Switzerland's plans to ban electric cars during power shortages and its impact on energy consumption. They also touch on the potential increase in power demand due to artificial intelligence and the softening of LNG prices by the end of the decade, according to Totalenergies CEO. This episode delves into a study that challenges President Biden's plan to transform the electrical grid and the need for substantial investments in the oil industry, as highlighted by the OPEC chief. The hosts discuss the implications of underinvestment and its impact on energy security. Finally, they provide an overview of the financial markets and some additional news items, including Apache's efforts to reduce methane emissions.

#Switzerland #ElectricCars #AI
#LNG #EnergyGrid #OilIndustry #EnergySecurity
#EnergyPrices #Underinvestment #EnergyStability

Highlights of the Podcast

00:00 - Intro
03:24 - Switzerland plans to ban electric cars from the roads in order. Game consoles turned off during power shortages in a bid to reduce energy consumption.
05:33 - We’ll all pay the price of soaring EV insurance.
07:03 - Artificial intelligence, power consumption about to skyrocket, and no one is prepared.
10:07 - LNG prices to soften by end of decade -TotalEnergies CEO
12:00 - A new study zaps Biden’s plan to transform the electrical grid.
15:19 - At least 12 trillion in oil industry investments are needed to prevent a spike in energy prices. OPEC chief says.
16:51 - Market Updates
18:30 - Outro

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