Thursday, April 21, 2022

Energy Round-Up -- April 21, 2022

Updates

Later, 8:44 p.m. CT: see India below. Now this from a reader: 

Cash-Strapped Pakistan Cuts Power to Households on Fuel Shortage - Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants.
The South Asian nation is struggling to procure fuel from the spot market after prices of liquefied natural gas and coal surged to records last month as the war in Ukraine exacerbated supply shortfalls. Pakistan’s energy costs more than doubled to $15 billion in nine months ended February from a year earlier, and it isn’t able to spend more on additional shipments.

Original Post

The Biden Surge: tracked here. How is this going? Early report. Availability of oil was not the problem:

US oil: bbl of last resort. Link to Javier Blas.  

Polls: I believe I said something in the last day or so. Gasoline prices and presidential approval ratings are perfectly linked. Link to Charles Kennedy.

This activist "stuff" is beyond the pale: California state pension fund, CALPers wants to remove Warren Buffett as chairman of the board. Link here

Russia's economy is about to implode, watching a train wreck in slow motion:

Others:

OPEC+ exports continue to decline: link here.

  • production issues,
  • lack of proper maintenance,
  • internal consumption increasing as power generation and cooling demand come into play
  • we'll see much of the same in Russia due to loss of western capital, technology, and expertise;

2 comments:

  1. If China has your back, you’re good.

    ReplyDelete
    Replies
    1. That's a very interesting comment. I think of a scenario in which China draconian lock downs are practice runs to control the population if / when China decides to "take" Taiwan.

      Delete

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