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Wednesday, September 1, 2021

Notes From All Over -- Part 2 -- September 1, 2021

Sky-high electricity prices in Europe; now a top political issue in Spain (front page story in main newspapers); at an all time time; over $150 / MWh; more than double the 10-year average; link here;

  • the gas crunch hitting the UK and Europe now means prices are between five and six times higher than they were in September, 2019, link here;
  • the prices feed through to effect everything from household electricity and heating bills to the cost for industry;

Biden kills Keystone XL; US oil imports from Russia, link here:

  • 2017: 420K per day;
  • 2018: 310K per day;
  • 2019: 250K per day;
  • 2020: 440K per day;
  • 2021: 810K per day
  • an all-time high (EIA, Bloomberg)
  • double that of previous record years
  • is anyone paying attention; does anyone care?

Russia ranks second by petroleum exports to US in June, 2021. Link here. Or link to Tass directly. The link.

Got gas? Shale natural gas production in the Appalachian Basin reaches highs in first half of 2021. Link here. To EIA here.

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