View this email in your browser
MORNING ENERGY NEWS  | 10/07/2021
Subscribe Now

Easier to assume the global "elites" are lying, or that they are actually this clueless? You decide after listening to the latest episode of The Unregulated Podcast. Now streaming.

The show is available on all your favorite platforms including Sound Cloud, Apple Podcasts, Spotify, Stitcher, Podbay, Blubrry, and TuneIn.

"In August, White House reminds OPEC of 'importance of competitive markets in setting prices'

In October, the very same White House says banning U.S. oil exports is 'a tool' that can be used " 

 

– Javier Blas, Bloomberg

Certainly, we want to keep gas prices low but really we don’t care about the pain we need to inflict on the middle class...

One can only conclude that the UK likes the current price of natural gas and likes being dependent on Russian gas.


Reuters (10/6/21) reports: "A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday. 'We're disappointed by the decision and are considering the implications,' a Shell spokesperson said. It was unclear on what grounds the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) refused to approve the environmental statement for the field's development. The Department for Business, Energy and Industrial Strategy, under whose umbrella OPRED operates, did not immediately reply to a request for comment. The decision comes as Britain and other European countries were saddled with record natural gas and oil prices due to a supply crunch ahead of the cold winter months. It also comes days before Britain is due to hold the COP26 climate conference bringing decision makers from all over the world together to find a way to keep global warming below 1.5 degrees Celsius compared with pre-industrial temperatures. "

Thomas Friedman—the New York Times’ version of a smart person. 

Energy Markets

 
WTI Crude Oil: ↓ $77.14
Natural Gas: ↓ $5.65
Gasoline: ↑ $3.24
Diesel: ↑ $3.41
Heating Oil: ↓ $242.83
Brent Crude Oil: ↓ $80.84
US Rig Count: ↓ 619

 
Donate
Subscribe to AEA's Unregulated Podcast Subscribe to AEA's Unregulated Podcast
Subscribe to IER's Plugged In Podcast Subscribe to IER's Plugged In Podcast
Friend on Facebook Friend on Facebook
Follow on Twitter Follow on Twitter
Forward to a Friend Forward to a Friend
Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx
Want to change how you receive these emails?
update your preferences
unsubscribe from this list