Energy Emissions Are Rebounding Above Pre-Crisis Levels -- IEA -- March 3, 2021

Global energy emissions: Link here. 

Energy emissions are rebounding above pre-crisis levels. It must be all those coal plants in China. Most of the rest of the world is still shut down and when the IEA was doing this study -- several weeks ago -- the world was most definitely shut down. 

So, if that's accurate, that energy emissions are rebounding above pre-crisis levels and the world is pretty much still shut down, it begs the question: exactly what is causing that rise in emissions?

It looks like we need to "double-down" on shutting down the global economy. 

Texas Freeze: is over, but now extreme winds in northeast leave nearly 1280,000 people without power. High winds knocked out power from New York to Maine. This was reported back on March 2, 2021. I assume things are back to normal. 

Trucking industry: thriving from coronavirus-linked e-commerce boom. It's a triumph for the carriers who are facing demands for more frequent shipments, which is booting revenues and pricing leverage.

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Weekly EIA Petroleum Report

Link here.

Weekly EIA petroleum data:

• US crude oil in storage increased by 21.6 million bbls from the previous week;
• US crude oil in storage now stands at 484.6 million bbls, only 3% above the five year average for this time of year
• refineries were operating at 56.0% of their operable capacity last week  (week ending February 26, 2021)
• the time line:
• Texas Freeze; power lost: February 15, 2021
• power back on: February 19, 2021
• commerce back to normal: February 22, 2021
• distillate fuel inventories decreased by 9.7 million bbls; 2% below the five-year average for this time of year;
• propane/propylene inventories decreased by 2.2 million bbls; 17% below the five-year average for this time of year
• jet fuel product supplied was down 24.2% compared with same four-week period last year