Friday, July 9, 2021

Notes From All Over -- The Energy Issue -- July 9, 2021

There are at least seven subjects with regard to energy that we could talk about today:

  • comparing Joe Biden and Jimmy Carter; spoiler alert: there is no comparison. Period. Dot.
  • renewable energy is useless: Minnesota, California, Texas, and the list goes on;
  • coal is dead! Long live coal.
  • peak oil demand is a "thing." Hardly.
  • the OPEC+ spat over production quotas;
  • the Mideast is getting noisy;
  • finally, what's going on with shale? No one seems to understand what's going on.

1. Comparing Joe Biden and Jimmy Carter:

  • Jimmy Carter: OPEC was in control of their destiny and OPEC knew it; inept president.
  • Joe Biden: OPEC is not in control of their destiny and OPEC knows it; inept president.

2. Renewable energy is useless:

3. Coal is dead! Long live coal:

  • coal output in US seen rising most since 1990 on global demand! Link here

4. Peak oil demand; proxy: US gasoline demand hits all-time high:

5. The OPEC+ spat:

6. The Mideast is getting noisy.

7. What's going on with shale? 

  • I have no idea -- that's because I don't follow the Permian very closely and follow other US shale plays even less; I know the Bakken pretty well -- I figure I know one percent of everything that's going on in the Bakken and based on twitter experts, that's about twice as much as what others know. 
  • the story over at twitter regarding US shale: DUCs
  • spoiler alert: folks don't understand the Bakken; DUCs are simply the tip of the iceberg, as they say.

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