Miscellaneous
Subscribe to the YouTube Channel - https://www.youtube.com/c/WarRoomMediaOn this episode of the Energy Week Podcast, Ryan Ray and Ellen Wald talk about Chinese demand, Q2 earnings, and the cost of solar. Oil prices slide on worries over China economy and higher crude outputhttps://www.cnbc.com/2021/08/02/oil-markets-china-economy-opec.html- highest gasoline consumption- broke record for TSA screenings showing Americans are on the move- Chinese economy slowing based on higher raw material costs, flooding issues and other- Can we expect China to keep having double digit growthVitol's Muller expects China to release 25-30 mil bbls from strategic oil reserves in Q4https://www.spglobal.com/platts/en/market-insights/latest-news/oil/080121-vitols-muller-expects-china-to-release-25-30-mil-bbls-from-strategic-oil-reserves-in-q4- China’s way of saying oil prices are too high for them- will it help cool off oil prices?- How long can China play the SPR game?Exxon, Chevron Beat Q2 Forecasts But Contrast On Paying Shareholders Morehttps://www.investors.com/news/exxon-stock-chevron-stock-exxon-earnings-chevron-earnings-q2-2021/- both companies beat expectations but share prices fell- when will they put money into capex?Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coalhttps://www.wsj.com/articles/behind-the-rise-of-u-s-solar-power-a-mountain-of-chinese-coal-11627734770- People want to buy the cheaper solar panels even if they are produced using lots of coal fired energyU.S. Blames Iran for Drone Attack on Israeli-Linked Tankerhttps://www.wsj.com/articles/u-s-blames-iran-for-drone-attack-on-israeli-linked-tanker-11627848609Rising gasoline prices signal trouble for climate change actionhttps://www.axios.com/gas-prices-climate-change-325881b1-fa78-41c9-8cb3-1d56d0ed9328.html- higher prices mean people don’t want to pay for renewables, EVs‘Greenflation’ threatens to derail climate change actionhttps://www.ft.com/content/49c19d8f-c3c3-4450-b869-50c7126076ee- All of the products we need to combat climate change like copper and aluminum are getting too expensive because demand for producing them is up.https://www.bloomberg.com/opinion/articles/2021-07-29/biden-trade-policy-can-advance-climate-goals-with-infrastructure