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Home > Energy Week > Episode 172 - Is $90 oil next? | Citigroup sees gas at $100/MMBtu | The Climate Case for Property Destruction - really?


	Podcast:		Energy Week
	Episode:		Episode 172 - Is $90 oil next? \| Citigroup sees gas at $100/MMBtu \| The Climate Case for Property Destruction - really?
	Category:		Government & Organizations
	Duration:		00:53:02
	Publish Date:		2021-09-27 20:09:05
	Description:		Oil is closing in on $80 as supply fears stoke prices higher https://financialpost.com/commodities/energy/oil-gas/brent-oil-nears-80-a-barrel-amid-supply-constraints - what could stem the rising tide of oil prices? Covid lockdowns, Chinese economy? - domestic travel is up, according to airlines - will US production ever come back? perhaps more issues at play than just lack of funding - costs of materials, labor has all gone WAY up. Europe Is Pumping Less Gas as Demand Rebounds, Leaving a Gap Russia Is Filling https://www.wsj.com/articles/europe-is-pumping-less-gas-as-demand-revives-leaving-a-gap-russia-is-filling-11632308400 - despite Europe's rhetoric about the environment, they really want to do business with Russia - Shutting down major Dutch natural gas field next year because of earthquakes. Instead they are getting it from Russia. Citigroup sees gas at $100/MMBtu, if winter is cold enough https://www.worldoil.com/news/2021/9/23/citigroup-sees-gas-at-100mmbtu-if-winter-is-cold-enough - If its too cold in China, what does China do? Let people freeze or power factories? The Climate Case for Property Destruction https://newrepublic.com/article/162247/andreas-malm-blow-up-pipeline-climate-direct-action - argues that climate activists should destroy energy infrastructure often enough so that it is too costly for companies to rebuilt and maintain it. - What is the end point? renewable? deindustrialization? Investors Bet Environmental Fears Will Crunch Commodity Supply, Lifting Prices https://www.wsj.com/articles/investors-bet-environmental-fears-will-crunch-commodity-supply-lifting-prices-11632350186 - pandemic killed investing in oil AND gas China Needs to Kick its Coal Habit at Home, Too https://www.wsj.com/articles/china-needs-to-kick-its-coal-habit-at-home-too-11632477842 - Xi says won't finance coal plants abroad (but what about at home?) Power cuts hit homes in north-east China https://www.bbc.com/news/world-asia-china-58704221 As OPEC reopens the taps, African giants losing race to pump more https://www.reuters.com/business/energy/opec-reopens-taps-african-giants-losing-race-pump-more-2021-09-27/ - Nigeria and Angola lose a lot of oil to theft! Nigeria was in the top 5 of hot oil being tapped from pipelines. Similar to Pemex and Nigeria
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