Headlines That I Missed -- August 11, 2022

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