Is Gavin Newsom the Next CEO of Chevron? – ENB Weekly Recap

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stuart Turley and Michael Tanner discuss a surprise solar stock rally following Trump's softened tax credit policy, the major implications of Trump’s move to open 82% of Alaska’s petroleum reserve, and the potential economic crisis brewing in Germany due to high energy costs and new tariffs. They also cover Civitas Resources' CEO ousting after poor stock performance post-$7B in acquisitions, and California Governor Gavin Newsom’s controversial shift toward Big Oil to avoid gas price spikes—raising doubts about his sincerity amid speculation he may run for president. The episode wraps up with insights into an impending oil supercycle due to underinvestment and rising demand.

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Timestamps:

00:00 - Intro

00:13 - Solar Shares Rise as Trump Hit to Credits Softer Than Feared

02:26 - Trump Moves to Open 82% of Alaska’s Petroleum Reserve for Drilling

05:19 - Tariffs and Energy Costs Could Spark an Economic Crisis for Germany