The Strait of Hormuz is still closed, and $82 is the Floor, and Goldman says we may see $100 for the rest of 2026

The Strait of Hormuz is still closed, and we have 9 huge stories to cover on today's Energy News Beat Stand Up. I am calculating that $82 will be the new floor after we get the tankers rolled out of the Persian Gulf and refilled. I go through all of that and how I came up with that number.

1. Oil and Gas Market Dynamics

The conversation extensively covers the energy market, including:

• Potential impacts of Strait of Hormuz closure on oil pricing (predictions of $82 floor and $100 as a possibility)
• Global supply disruptions from Middle East production shutdowns
• Refining capacity constraints in the Gulf region due to physical attacks
• OPEC production trends and market implications

2. Geopolitical Tensions and Energy Security

A significant focus on how international conflicts affect energy markets:

• U.S./Israel-Iran conflict and its ripple effects on global energy supply
• Analysis of how major oil corporations (Exxon Mobil, Chevron) are positioned amid tensions
• Potential peace scenarios linked to Venezuela sanctions

3. Data Center and Energy Infrastructure Expansion

Discussion of rapid infrastructure growth in the U.S.:

• Explosive expansion of data centers, particularly in Texas
• Strain on state power grids from this growth
• Comparative analysis of data center development across Texas, Virginia, and Georgia

4. Renewable Energy and Subsidy Policy

Critical examination of renewable energy economics:

• Long-standing wind farm subsidies and their effectiveness
• Challenges of pricing energy while accounting for externalities
• Feasibility of meeting 100% energy demand through wind and solar

1.It Will Take Months for the Oil, Gas and LNG Markets to Stabilize, and the New Floor Is Around $82

2.The Saudi East-West Pipeline has been attacked. Still functional, and damage assessment is underway.

3.ExxonMobil Sees 6% of Global Output Impacted by Iran War, But What Does This Mean for Q1 and Q2?

4.Goldman Says Another Month Means Over $100 Brent Through 2026

5.JP Morgan’s Letter to Investors: Implications and Actions

6.How will the global oil and gas markets look post Iran War

7.Chevron Faces Smaller Mideast Disruptions Than ExxonMobil Amid Iran War – A Side-by-Side Comparison

8.Texas is leading in AI and Data Centers, but at what cost?

9.Wind Farms Have Had 50 Years of Subsidies: Should We Rethink How Energy Is Priced?

We have Jon Brewton, with Data2, next week, and on the California Crisis, Professor Mische, David Blackmon, and Mike Areiz.

Tomorrow, we are releasing Jason Arceneaux, President and Chairman of the Board for Arc Energy, and we will cover the global oil markets.

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

Also, a shout-out to our great Sponsors:

A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast

https://reeseenergyconsulting.com/.

A shout-out to our New Sponsor, Data2 - We will be running an AI Centered Series and have lots of data rolling out!. https://www.data2.ai/resources/the-decision-lag-report

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