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Home > Energy Week > Episode 158 - Big Oil's shakeup | China's demand is down but some see $100 | Bitcoin blocs coming?
Podcast: Energy Week
Episode:

Episode 158 - Big Oil's shakeup | China's demand is down but some see $100 | Bitcoin blocs coming?
Category: Government & Organizations
Duration: 00:33:46
Publish Date: 2021-06-07 19:02:12
Description: ExxonMobil might change its tune on regulatory matters

WTI Oil Hits $70 for First Time Since 2018 as Market Tightens
https://financialpost.com/pmn/business-pmn/wti-oil-hits-70-for-first-time-since-2018-as-market-tightens
- China importing less oil now. 11.34 mbpd in May 2020, 9.86 mbpd in May 2021
- OPEC deciding not to increase production more than planned
- Anticipated Iranian oil didn’t come back on the market
- Demand rising, especially in US

Options Traders Bet on Return of $100 Oil
https://www.wsj.com/articles/options-traders-bet-on-return-of-100-oil-11623061227
- Goldman Sachs still says $80 by Q3

U.S. conservatives stake claim to climate activism with Miami rally
https://www.reuters.com/world/us/us-conservatives-stake-claim-climate-activism-with-miami-rally-2021-06-05/
- what actually IS conservative policy on climate?
- carbon tax is supported by old time Republicans but not by Liberals anymore

Square will invest $5 million to build solar-powered bitcoin mining facility
https://www.theverge.com/2021/6/5/22520436/square-invest-5-million-solar-powered-bitcoin-mining-facility-blockstream-cryptocurrency
- El Salvador will accept bitcoin as legal tender.
- New Cold War of bitcoin: economies that accept bitcoin and make it totally legal vs. economies that make bitcoin illegal or very difficult to use bitcoin. Bitcoin-bloc and the anti-bitcoin-bloc. Developing nations might be interesting.

ANALYSIS: Asia hopes it can revive love affair with Iranian crude sooner than later
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/060421-analysis-asia-hopes-it-can-revive-love-affair-with-iranian-crude-soon-than-later
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