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Saudi Aramco Raises Oil Prices After OPEC+ Defies Biden
https://finance.yahoo.com/news/saudi-aramco-raises-oil-prices-184252526.html
- Large jump in Aramco price of Arab light to Asia
- Messaging from OPEC+ is that they managing the oil market effectively and going a good job at it
- Angry protestors burning the OPEC flag?
Biden noncommittal on a potential Strategic Petroleum Reserve release
https://www.cnn.com/2021/11/06/politics/biden-strategic-petroleum-reserve/index.html
Biden could announce action on oil this week -U.S. Energy secretary
https://www.reuters.com/article/usa-oil-biden-idAFL1N2RZ0VD
- What could Biden do?
- SPR release? Would be transitory
- Cut federal gasoline tax
Biden admin considering shutting down another pipeline, drawing criticism and dire warnings as winter nears
https://www.foxnews.com/politics/biden-admin-considering-shutting-down-michigan-pipeline
- turns out Biden admin is considering ALL options not just shutting down the pipelien
Russia Keeps Grip on Europe’s Gas Market Despite Putin’s Pledge
https://www.bloombergquint.com/onweb/russia-keeps-grip-on-europe-s-gas-market-despite-putin-s-pledge
- not surprising that Putin didn't keep his promise
U.S. Energy Prices Are Breaking a Historic Pattern. The Results Could Be Severe.
https://www.barrons.com/articles/u-s-energy-prices-breaking-historic-pattern-51635879750
- higher prices in the summer vs. lower prices in the winter
- dislocation of historic patterns could mean problems with electricity prices regardless of how cold it is
Biden Energy Sec Granholm says cost of heating homes this winter will 'be more expensive' than last year
https://www.foxnews.com/politics/biden-energy-sec-granholm-cost-of-heating-homes-more-expensive
Cold wave sweeps 90 percent of regions across China
https://www.globaltimes.cn/page/202111/1238366.shtml
China’s daily coal output hits annual high, easing power supply shortage
https://www.globaltimes.cn/page/202111/1238258.shtml
- China has early cold snap AND coal supplies reach highest levels in years, expected to reach 12 million tonnes soon.
- Have enough for 20 days of use - landmark because means supplies no longer short
- How much of this announcement is propaganda to convince
EPA unveils plan on controls of greenhouse gases and VOCs from oil and gas upstream
https://www.ogj.com/general-interest/government/article/14213378/epa-unveils-plan-on-controls-of-greenhouse-gases-and-vocs-from-oil-and-gas-upstream
- 577 page proposal
- kicking the little companies while they are trying to expand drilling |
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