In this episode of the Energy Newsbeat Daily Standup, Michael Tanner covers the rise in oil prices driven by negative trade tariff developments, alongside key energy updates. He highlights the growing issue of “ghost factories” — abandoned or stalled green energy projects triggered by shifting subsidy incentives under the Big Beautiful Bill. Tanner explains how nearly 10% of $261 billion in clean tech investments have been canceled mid-construction, raising doubts about the economic viability of unsubsidized renewables. He also reports Iraq’s surprising 80,000 bpd oil production boost across three fields using highly productive vertical wells — reinforcing OPEC's leverage over global supply.

Highlights of the Podcast

00:00 - Intro

01:03 - Ghost Factories Are a Warning Sign for Green Manufacturing’s Future

06:30 - Markets Update

08:17 - Iraq Lifts Oil Output by 80,000 bpd Across Three Key Fields

09:21 - Outro

Please see the links below or articles that we discuss in the podcast.

Ghost Factories Are a Warning Sign for Green Manufacturing’s Future

Iraq Lifts Oil Output by 80,000 bpd Across Three Key Fields

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