Goldman Sachs says Higher for Longer Is the New Reality - We add that it's not just oil - it is gas, diesel, jet fuel and everything else.

On the Energy News Beat Stand Up, we are covering 9 big stories, and they all have a huge impact on the markets, consumers, and investors.

Goldman Sachs validated what we had been writing about, and we also brought up the other downstream products that look to be approaching a critical supply chain breaking point. In California, that is about 3 weeks, and in the EU, it is sooner. They use a lot more imported jet fuel and diesel.

1. Oil and Energy Market Outlook

The discussion centers on Goldman Sachs' "higher for longer" forecast, suggesting sustained elevated prices for oil, gas, diesel, jet fuel, and gasoline. A key concern is the supply shock in the global petrochemical feedstock market caused by disruptions in the Strait of Hormuz, which could trigger demand destruction and potentially lead to a global recession.

2. US Energy Exports

The podcast highlights record-high US exports of crude oil, refined petroleum products, and petrochemical materials. There's emphasis on the strategic importance of "energy dominance" and energy security through maintaining strong export capabilities.

3. California's Energy Crisis

A significant portion addresses California's energy challenges, specifically:

• Refinery closures reducing local production capacity
• Growing reliance on imports driving up fuel prices
• Calls for federal intervention to resolve the situation

4. Geothermal Energy Development

The discussion explores geothermal energy as a potential solution, with estimates of 150 GW of untapped geothermal capacity in the US. However, regulatory barriers and the need for government support are identified as key obstacles to development.

5. Energy Sector Investment Analysis

The podcast includes technical and fundamental analysis of energy stocks, examining companies like Crescent Energy and Baker Hughes, along with stock valuations and investment opportunities in the energy sector.

1.Goldman Sachs: ‘Higher for Longer’ Is the New Reality

2.The Global PetroChemical Feedstocks Shock is Unfolding

3.Demand Destruction is on the Horizon with a Billion-Barrel Hormuz Oil Shock About to Send Prices Up

4.US Energy Exports Hit Records as Energy Markets Shift

5.U.S. Gasoline Remains a Bargain Compared to Europe – and California

6.Energy Security Starts at Home, and Your Energy Dominance Is Exhibited Through Your Exports – How is the U.S. Shipbuilding rolling out?

7.Geothermal Breakthrough Looks to Break Open 150 Gigawatt Energy Revolution – If State and Federal Regulators Can Get Out of the Way

8.Crescent Energy (CRGY) Valuation Post Earnings and Expectations

9.Baker Hughes Q1 Revenue Beats Estimates by $260 Million as LNG Order Surge

Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/

A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.

Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energy

And we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/