Miscellaneous
Oil is closing in on $80 as supply fears stoke prices higherhttps://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 Fillinghttps://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 enoughhttps://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 Destructionhttps://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 Priceshttps://www.wsj.com/articles/investors-bet-environmental-fears-will-crunch-commodity-supply-lifting-prices-11632350186- pandemic killed investing in oil AND gasChina Needs to Kick its Coal Habit at Home, Toohttps://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 Chinahttps://www.bbc.com/news/world-asia-china-58704221As OPEC reopens the taps, African giants losing race to pump morehttps://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