Oilprice stories I missed while on the road:
- Alberta oil output hits record high; too bad President Biden killed the Keystone XL his first day in office.
- OPEC's oil production rises well below OPEC+ target.
- OPEC+ oil production could dip in September, 2022;
- are gas stations really inflating prices for profit? Alex Kimani;
- world's largest LNG traders see losses mount despite high prices;
- EU embargo on Russian coal goes into effect;
- the Inflation Reduction Laugh-Out-Loud Act is a game changer for decarbonization. For investors, it's an open book test;
- chip shortages and inflation are plaguing the auto industry;
- Putin's natural gas weapon is weakening as inventories build;
- a radical plan to reduce Europe's oil demand by 33%; laugh-out-loud;
Let's look at that last one: a radical plan to reduce Europe's oil demand by 33%; on the one-to-ten-LOL scale; time scale, by 2030:
- accelerated electrification of cars and trucks: 10
- boosting the fuel efficiency of ships, barges flowing down the Rhine: 10
- scrap the suggestion regarding the Rhine: it will be dry by this time next year
- reducing travel by switching to remote work some days of each week: 8
- scrap the remote work suggestion; Europe won't have enough electricity to have any meaningful industry by this time next year;
- switch from private car use to fossil-free travel: 10
- only fossil-free travel is walking, running, and cycling, and even the latter is not completely fossil free;
- limiting business travel by air: 10
- shift cargo movement to:
- across country, rail: 8
- urban areas: cycling/walking: 10
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