There are wild changes in the oil and gas markets right now. Michael Tanner and Stu Turley cover the Iranian Revolution, key points about Venezuela, and the shift in markets following the US decision to allow the sale of Venezuelan oil on the open market. This has a second-order effect on the U.S. Dollar: the control of the oil markets and the question of whether China will buy oil from the US at market prices rather than the old Dark Fleet-reduced prices.

Don't forget that Energy Security starts at home, but Energy Dominance comes from Exports. And now, Energy Dominance can come from controlling export markets. We have to wonder how OPEC and OPEC+ will respond as we are facing some of the most significant changes in the oil and gas markets we have seen in decades.

1. The potential impact of the ongoing revolution in Iran on global oil markets and prices. The hosts discuss how a disruption in Iran's oil exports could lead to a spike in oil prices, potentially up to $80 per barrel in the short term.

2. The executive order signed by President Trump to safeguard Venezuela's oil revenues for the benefit of the U.S. and Venezuela. The hosts discuss the key provisions of the order and the reactions from oil executives.

3. China's evolving oil and gas production and import trends, and how this could impact global energy markets, particularly with the upcoming Siberia 2 pipeline that will supply more Russian gas to China.

4. The potential political implications of high energy prices in the U.S. and how this could impact the upcoming midterm elections, with the hosts discussing a report on how Republican policies could be more favorable for energy affordability.

1.How Will a Revolution in Iran Impact the Global Oil Markets? Could Iraq potentially also be an influence?

2.President Trump Signs Executive Order on Venezuelan Oil: Safeguarding Revenues for American and Venezuelan Benefit

3.Don’t Count the U.S. Dollar Out Yet: Venezuela Was the Key

4.China’s Oil and Gas Drilling Program Improvements Are Now Capable of Impacting Markets

5.DAVID BLACKMON: New Study Shows How GOP Can Win On Affordability Issue

Check out The Energy News Beat Substack: https://theenergynewsbeat.substack.com/

Time Stamps:

00:19 Iran's revolution

02:33 Michael disagrees with the impact on oil

04:15 Venezuela and the impact on the oil markets

11:46 Key Market insights with the US Dollar being traded

14:56 China's internal oil and gas production

18:12 Energy Security starts at home