Trump, Diesel & Politics - Jim & Joe (back again)
Is Donald Trump changing the way the world views America? Are rising diesel prices and global energy tensions beginning to influence political decisions? And with artificial intelligence demanding enormous amounts of electricity, are governments going to have to rethink their approach to energy? In this episode of Wind, Waves & Wells, James returns for another conversation covering everything from offshore oil and gas to international politics, diesel shortages, artificial intelligence and the changing direction of the global energy industry. We start by catching up on what's happening offshore and how the industry has changed over the years. Despite activity picking up in certain regions, the traditional oil and gas boom periods seem increasingly difficult to find. We discuss the differences between working offshore today and the industry we both remember, along with the opportunities emerging in places such as the Netherlands, Norway and South America. From there, the conversation turns towards Europe's approach to fossil fuels and whether rising energy costs are beginning to influence the political decisions being made across the continent. We also discuss Brazil's changing political landscape, its oil and gas ambitions and the wider debate surrounding energy security and affordability. Having recently returned from America, I share some observations about the cost of living, the differences in diesel prices compared with the UK and the political atmosphere surrounding Donald Trump. This leads us into a wider discussion about his presidency, the war in Ukraine, relations with Russia and whether America's position on the world stage is beginning to change. Closer to home, we discuss the future of the UK oil and gas industry, including Rosebank, Jackdaw and the challenges facing the North Sea. With offshore activity continuing elsewhere, what does the future hold for Aberdeen and the thousands of people and businesses that have depended on the industry for decades? We also look at the wider economic impact of declining offshore investment and whether Britain's energy policies are keeping pace with the realities of global demand. Towards the end of the conversation, we turn our attention to artificial intelligence and the enormous amount of energy required to power the growing number of data centres. With technology developing at an extraordinary pace, we question where that electricity will come from, whether existing energy infrastructure can keep up and what the continued expansion of AI could mean for the future of energy production. We also get into the rapidly developing world of AI agents, their potential capabilities and some of the concerns surrounding increasingly autonomous technology. As always when James joins me, the conversation is completely unscripted. There are plenty of laughs, a few strong opinions and some interesting questions about where the world might be heading. This is an informal discussion, and the political views and opinions expressed are our own. The aim is to explore different perspectives, share experiences and have a conversation about some of the issues shaping the world around us. Timestamps 00:00 Introduction 00:20 Catching up with James and offshore work 03:30 How the oil and gas industry has changed 06:23 Is Europe changing its approach to fossil fuels? 09:00 Brazil's oil industry and political direction 14:36 Diesel prices and the cost of living in America 16:30 Rosebank, Jackdaw and UK energy policy 19:40 Donald Trump, Ukraine and US politics 23:30 The future of Trump's presidency 30:32 Offshore activity in the Netherlands and Norway 33:58 Diesel supply and global energy tensions 39:46 Are global superpowers changing? 43:07 Ed Miliband and the Falklands oil debate 45:24 North Sea investment and Aberdeen's future 50:24 AI data centres and their enormous energy demand 56:14 AI agents and the future of artificial intelligence Connect & Listen Wind, Waves & Wells with Joe Real conversations about the people, challenges and opportunities shaping the energy industry. Website: https://windwavesandwells.com Available on Spotify, Apple Podcasts, YouTube and all major podcast platforms.