This interview on the Energy News Beat Podcast, Conversations in Energy with Stu Turley, has a globally impactful discussion around oil and leadership.

In this wide-ranging discussion, Doug Sandridge, the founder of Oil and Gas Executives for Nuclear, shares his firsthand observations from a recent 16-day trip to Saudi Arabia. Sandridge provides a fascinating insider's perspective on the dramatic changes transforming Saudi society and the country's energy landscape.

From the openness and modernization of Saudi cities to the kingdom's strategic shift towards developing its natural gas resources and renewable energy, Sandridge paints a picture of a nation rapidly evolving. The conversation also delves into the critical importance of the U.S.-Saudi relationship, as well as the broader global energy dynamics at play. Sandridge offers insights on the misconceptions around an "energy transition" away from fossil fuels, the volatility in oil markets, and Saudi Arabia's historical role as a stabilizing force.

This interview offers a unique window into the shifting sands of the energy world, with Saudi Arabia emerging as a pivotal player on the global stage.

As Stu Turley has been talking about, Saudi Arabia is critical to the new trading blocs and to new markets for growth. The new trading blocs are critical, and oil, gas, and nuclear are at the forefront. Providing the lowest-cost energy with the least environmental impact is critical.

Check out Oil and Gas Executives for Nuclear: https://executives4nuclear.com/

Also Connect with Doug on his LinkedIn here: https://www.linkedin.com/in/douglas-c-sandridge-63996312/

Subscribe to his Substack here: https://douglascsandridge.substack.com/

Check out the video from the trip: https://theenergynewsbeat.substack.com/

You won't want to miss this episode of the Energy News Beat Podcast, where Michael Tanner and Stu Turley cover some of the biggest stories in the energy markets today.

The main topics discussed in this podcast are:

1. The oil and gas industry, particularly the challenges faced by oil producers due to low oil prices. This is evidenced by the discussion around Harold Ham's comments about the need to stop drilling when profit margins are low.

2. Geopolitical issues related to Venezuela, including the U.S. intervention and its impact on oil production and exports. The hosts discuss how this has affected Exxon's operations in neighboring Guyana.

3. Developments in the Canadian oil and gas sector, including the increasing trade ties between Canada and China, as well as the potential impact on Canada's energy exports.

4. Mergers and acquisitions in the U.S. shale industry, specifically the potential deal between Devon Energy and Coterra Energy, and the strategic rationale behind such consolidation.

5. Technological advancements in oil and gas exploration and production, such as the use of lasers for deep well drilling.

6. The broader geopolitical landscape and the shifting power dynamics, as discussed in the context of Mark Carney's comments on a "new world order". This will not end well for Carney.

Time Stamps:

00:17 Challenges facing oil producers due to low oil prices

04:42 Why Exxon and Chevron are holding stock prices up while oil is down

09:25 USGS discovers new oil and gas deposits in Texas

13:18 Carney's Canadian carnage - what did he mean by new world order?

19:01 US seizes another dark fleet tanker

21:01 Finance Section and M&A deals

All of the stories covered can be found at

https://theenergynewsbeat.substack.com/

and

https://energynewsbeat.co/

1.Harold Hamm Says There Is No Need to Drill at $58 per Barrel

2.Why Chevron and Exxon are Holding Their Stock Price Even When Oil is Holding at $60 to $65?

3.USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas’ Permian Basin

4.Mitsubishi Enters U.S. Shale With $5.2 Billion Haynesville Gas Deal: What Does This Mean for Investors and Consumers?

5.Carney’s Canadian Carnage: What He Means By a ‘New…world…order’ – David Blackmon

6.US Seizes Another Dark Fleet Tanker: Tightening the Grip on Sanctioned Oil Flows

Shout out to Steve Reese and Reese Energy Consulting for Sponsoring the Energy News Beat Stand UP Podcast.

The old way of doing business would not have changed the global markets.

What a day on the news Desk! In this edition of the Energy News Beat Stand Up, we cover several key stories.

1. How President Trump changed the global oil market and his actions regarding Venezuela’s oil exports. The transcript discusses how the Trump administration captured Venezuela’s President Maduro and used new financial mechanisms to bypass the old system and fund Venezuela’s oil exports.

Add to the mix that OPEC is looking to change the pricing models and matrices to use production and refinery demand, oh, like going back to supply and demand basics. As OPEC and OPEC+ were unable to increase production even with higher quotas last year. How is OPEC going to handle the pricing when President Trump’s Administration is managing the flow of oil for one of its members? Is the US now a de facto member of OPEC?

So the new financial mechanisms put in place are now accelerated through the use of Qatar’s banking and the funding of Venezuelan oil money to bypass the old system, royalties, and ownership claims, all through a veil of legal protections.

Norway’s decision to award 57 new offshore oil and gas exploration permits reversed its previous plans to shut down the industry. The transcript highlights Norway’s commitment to maintaining high levels of oil and gas production.

3. The potential implications if the U.S. were to leverage its NATO membership to purchase Greenland. The transcript discusses the high financial and military costs Europe would face if the U.S. were to leave NATO. President Trump would not have to go to war if he cut a deal with them.

4. A study showing that New England ratepayers could save $400-700 billion by replacing wind, solar, and nuclear power with natural gas and nuclear power.

5. Tesla’s progress in building a lithium refinery in Texas that will produce enough battery-grade lithium to power around 1 million electric vehicles per year. This is an outstanding story about cleaner lithium, done in Texas, which is one of the reasons I watch Tesla Stocks.

Time Stamps'

00:27 Sale of Venezuelan Oil, new markets in control

05:10 Norway ads 57 Drilling permits and expands oil and gas

07:12 What if President Trump uses NATO Membership as leverage for Greenland?

10:25 New England Rate Payers would save 700 Billion getting rid of wind and solar

13:30 Testla Lithium Refinery online

17:33 Stock Charts

Stories and their links:

1.How President Trump Changed the Global Oil Market and Sold Venezuelan Oil

2.Norway Awards 57 Drilling Permits in Offshore Oil, Gas Exploration Round

3.What If President Trump Uses NATO Membership as Leverage to Buy Greenland?

4.New England Ratepayers Would Save Up to $700 Billion Replacing Wind, Solar with Natural Gas, Nuclear

5.Tesla Lithium Refinery Steps Up to the Plate and Hits a Home Run for Energy Dominance in North America

Tomorrow I am interviewing Doug Sandridge, Oil and Gas Executives for Nuclear Founder, who just got back from Saudi Arabia. We are going to talk about their latest news and what is going on with oil.

Thanks to Steve Reese and the Reese Energy Consulting Group for Sponsoring the Energy News Beat Podcast in 2026.