Daily Energy Standup Episode #267 – Unveiling Russia’s Shadow Fleet, Climate Realities, and Media’s Vital Role in Energy Narratives

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Russia’s Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don’t know who; and insured by who knows?”

Russian Natural Gas and Geopolitical Realignment—a reverse domino theory

The left is silent on the imperialsit war for oil from Venezuela – Why?

We no longer need the Cop circus – technology and markets are already solving the climate crisis

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Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.

Stuart Turley: [00:00:14] Hello, everybody. Welcome to the Energy News podcast. My name Stuart Turley, President and the Sandstone Group. I’ll tell you what, today is kind of an exciting day from a standpoint. We’ve got a couple new series that we’re announcing today is December 11th. Welcome. And we are going to have a Zen tastic discussion. Michael’s out on assignment today. But today I’m going to talk about Russia’s shadow fleet. This really fits into the ENB thread very nicely. There’s EU countries still buying Russian oil and gas. Here’s another great article. We no longer need the cop circus. Technology and markets are already solving the climate crisis. Tell you what is going on. I had some great interviews, but this one I agree with and don’t agree and I’ll cover that here in just a minute. OPEC leader tells members to block any climate summit deal to curb fossil fuels. You’re starting to kind of get a little bit of a thread here. Russian natural gas in geopolitical realignment. A reverse domino Theory. This is by George Macmillan. George Macmillan I had an earlier podcast and I mean, it was a two hour podcast that is phenomenal. It seemed like five minutes for me. Unbelievable. We’ve got a geopolitical series by George just kicking out. The next one is the left is silent on the imperialist war from oil from Venezuela. I’m on the inner energy transition with David Blackmon, Armand Gavin from Brazil and Tammy Nemeth tomorrow morning line at 8:00 Central on LinkedIn. And looking forward to being live with them to talk about this. So with that, all of these stories will be in the show note. Also want to give a shout out to Mark Masters. Mark is a phenomenal leader in the media space. The staff is rolling his podcast out that we did. We are starting a series with Mark and other energy leaders about how the energy space can change and potentially make a gigantic difference to the future of the United States. We got a lot on the table today, guys. [00:02:34][139.6]

Stuart Turley: [00:02:35] So let me start off with Russia’s shadow fleet. Michael and I have been talking about this for a very, very long time. The Shadow fleet is old tankers that are being bought by Iran, Venezuela. There’s an estimated 500 to 600 tankers in the fleet. They take their transponders, they turn them off. They’ll meet with a legitimate tanker. Here’s the catch. These tankers are not insured through the normal insurance companies for oil. If something happens and these rust buckets have a problem. Let me bring up this one right here. This rest bucket, one of the best movie lines that’s out there says, I think I need a tetanus shot just from looking at it. That was from up Periscope with Kelsey Grammer. This is an amazing movie. It’s a Bloomberg video that they have had a excellent aging discussion or of the aging fleet that’s out there. And they’re a direct response to the weaponization of the U.S. dollar that has gone on. This weaponization of the U.S. dollar is going to come back and bite the U.S. in the market. It is not going to be pretty. So in this article, it says this little piece of paper on a dark ship may say that it’s insured, but it’s not worth the paper it’s written on, said Simon Lockwood, a marine executive with the insurance broker. Two thirds are carrying Russian crude, are now insured by unknown source these tankers are registered to I don’t know. And they are insured by unknown or who knows? So this is a Abbott and Costello skit waiting to happen. I was planning on that today. Michael’s out on assignment. We’ll have to come up with that again some other time. So with that, how this plays in and this is an excellent video, it’s worth all of your time to watch it. The key thing is this plays into OPEC and OPEC plus, because they’re worried that all their OPEC members are producing more than their quotas, their quotas that are imposed on them that they’re allowing or they’re going to do. In fact, Brazil says, oh, we are now in OPEC and oh, by the way, we’re going to go ahead and produce everything that we can anyway. The CEO of Petrobras just basically put that out last week. So let’s go to the next one that feeds into that. [00:05:17][162.0]

[00:05:17] The EU country is still buying Russian gas for us as well. United States. Go figure that out. The Netherlands reported purchase 200 million. Let me get to the point here. 200,000,000m³ of Russian LNG. The i r a Novosti has reported it is importing. I’ll tell you what countries are going to buy energy because it’s either goes through energy poverty, as George McMillan says, or you’re going to realign your entire entire geopolitical alignment on energy. So if you think you have an ally, think again. If you can’t protect their energy supply lines. So with that, let’s go ahead and go to the next one. I love this article from the standpoint that with I had the pleasure of producing Rey Trevino’s podcast with Grace Dennehy. She is the Miss America 2023. And also I also put a short out and want to give a shout out to Grace. She is a nuclear engineer, graduating, I believe, this month. And I mean, she is one sharp young lady. And I mean, she was in Dubai. It was midnight in the U.S. and it was 9 a.m. and she was on fire. So excellent. I want to give her a shout out. But this is an interesting article saying that we cop no longer needs the cop circus. The U.N. has been putting this on for a very long time. I couldn’t agree more. But when we sit back and say that humanity and the markets know the best path has, it’s kind of a misnomer from the standpoint that they are still printing a lot of money. The energy hypocrisy from Bill Gates and BlackRock is out there. BlackRock is saying that all ESG funds have lost billions of dollars. They lost over $5 billion in their ESG funds. It’s now okay to invest in oil and gas. There’s a little bit of energy investing hypocrisy. Bill Gates came out and said, oh, by the way, climate change is not going to kill us. He’s now rescinding that. I saw an interview with him saying, oh, no, it’s now bad. Somebody must have got to him. So I’m not totally sure that it is 100%. They’re saying, well, we are seeing the oil and gas companies. Let’s take Saudi Arabia and Dubai. Saudi Arabia is using their oil profits in order to pay for green energy. Again, as I’ve always said, Saudi Arabia, I don’t agree with everything socially that they do, but I applaud the leadership for taking care of Saudi Arabia, first taking the oil and gas profits and then moving to renewables and funding both. That is actually an applicable thing to go forward with. And so the fact that there were so many oil companies there and so many of the green agenda folks that were not pleased by that, the best thing about cars was nuclear. The 22 countries that signed the nuclear deal is phenomenal. We need all forms of energy. You hear me say this all the time, but we need it nuclear. We need natural gas. We need oil. Because, as you know, you sit back and think, Ronald keeps telling me, you know, you can build an iPhone from a wind farm. You have to have oil. The just stop oil folks need to check their living standards. So let’s go to the OPEC leaders. Now, I’ve already mentioned that story. I don’t want to overdo it, but let me step into the next article. George Macmillan. Absolutely a hit. I had the two hour interview with George. It is already out there. It is phenomenal. I can tell that people are listening to it and then having to come back to it. It is just amazing. On time, on Page, who’s been on there and the article. Unbelievable. [00:09:34][257.5]

Stuart Turley: [00:09:35] This is this article is Russian Natural Gas and Geopolitical Realignment a Reverse Domino Theory. This article is incredibly important because this really is the first part of a series where George is talking about how all of the pipelines matter, how the geopolitical alignment is, and that the West is really got things going on and they’re got one mission. That mission is to stop Russian low cost natural gas and oil. Going to market the geopolitical strategies and chess matches that are out there. I don’t understand why. I understand now better after talking to George, after seeing all of his academic studies that George has done and what is out there. He is putting the thread together like you wouldn’t believe. So when you talk about now, here’s another tidbit. I visited with a one of the head of the investment side for Gazprom years ago. $0.13. That is what Gazprom cost to market on their natural gas was at that. That is profit to the Russian countries. So when you sit back and think of the amount of money that sanctions have not cost Russia, what it did was it built the dark fleet. It built additional pipelines. It’s realigning all of what we think is the United States, our political allies. This article from George is critical. Come in, read this. And when you sit back and think about our $34 trillion in debt, we cannot sustain our country in this particular model. Who you vote for matters. [00:11:37][121.5]

Stuart Turley: [00:11:38] Here’s where I’m bringing up this next piece of the puzzle. The left is silent on the imperialist war for oil from Venezuela. This is an excellent article. And when you sit back and take a look, it’s from Patrick Robinson. He posted this on LinkedIn. Want to give him a shout out? It’s amazing that the left is really not saying anything about Western. The we’re kind of like just kind of ignoring Venezuela’s power grab over the oil and gas of Guyana. I’m going to be on the energy transition with Armando tomorrow, as I mentioned, and I’m going to have to do some research on this. Tami Nemeth is just with the Nemeth report is phenomenal. David Blackmon is also phenomenal, and I’m enjoying visiting with them about this article, as well as the other key issues and sources that they’re bringing to the table. So the last one that I want to just bring up is Mark Masters. 11 Steps for Saving America via the Energy Sector, Renewed thought leadership and Ultimate narrative dominance within a national media. I think personally, one of the reasons Michael and my podcast, the podcast series with our Daily Show with Michael and I and then my CEOs and industry thought leader articles has gone nuts. 5.5 million article reads on energy news And we’ve had over a million downloads on our podcast this year. Unbelievable. I’d like to thank every one of our listeners. I can’t begin to tell you. Thank you very much. This is an important podcast from Mark Masters. I’m going to have several more podcast with Mark. I’m writing several other things. This is I’m already in discussions with other oil and gas CEOs about this entire process. Mark lays out several key things that I’m going to talk about again in a few others. Understanding number one with no friends, the national media, the entire energy sector must become the media. This is critical. The understanding to the ESG form of corporate communism is designed in part to curtail investment in the domestic energy producers. Understanding number three Domestic energy unleashed is far better faster to break the back of inflation. That is huge. Understanding for an energy sector supported media machine will make the energy sector be loved by the general public. The only way this ties in to all of the other articles, this energy thread today is about the most important that we’ve done. And then the last piece of this puzzle is it can only be the energy sector that the agriculture sector helps. So we can tell the agricultural story. And the agricultural story is the only one that we can tell. I’ve got to get this articulated correctly with Mark. Hold tight. I’m teeing you up for these. [00:15:02][203.9]

Stuart Turley: [00:15:02] So with that, make sure that you have an absolute wonderful day, a wonderful week. Hug your family and be prepared for any unknown natural disaster Or manmade. The government may not be there for you just because of the volume. The f e r c said major blackouts may be coming because of the grid issue. So. Manmade or natural disaster. Make sure that you’re ready to take care of your family. Thank you. With that, my name’s Do. Turley and Michael will be back here tomorrow. Thanks. Have a great. [00:15:02][0.0][884.5]

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