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DAILY ENERGY NEWS  | 11/15/2021
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Kudos to Energy in Depth!  Now brace yourself for Merrick Garland's knock on your door.

"We're here today because we need immediate relief at the gas pump and the place to look is the Strategic Petroleum Reserve. Let's get the price of gas down right now. And this will do it."

 

– Senator Chuck Schumer

It's easy to get whiplash trying to follow the excuses being trotted out by the Sleepy admin.

Hey look, there is someone who understands that the United States is the world's largest oil producer: 


World Oil (11/15/21) reports: "The world’s biggest oil and gas companies and many OPEC+ energy ministers are meeting in Abu Dhabi this week for the ADIPEC conference -- one of the first major in-person events for the industry since the onset of the coronavirus pandemic. The Organization of Petroleum Exporting Countries and its allies are likely to maintain their plan of raising output by 400,000 barrels a day, according to the United Arab Emirates... President Joe Biden should focus on raising U.S. oil production rather than putting pressure on OPEC+ to pump faster, Occidental’s Hollub said. If the administration wants more supply, they should ask U.S. producers first, she said. 'If I was going to make a call, I’d make a local call first,' she said. 'I wouldn’t make a long-distance call.'"

Our 'special' envoy knows the writing is on the wall...

Energy Markets

 
WTI Crude Oil: ↓ $79.41
Natural Gas: ↓ $4.83
Gasoline: ↑ $3.41
Diesel: ↑ $3.64
Heating Oil: ↓ $236.77
Brent Crude Oil: ↓ $80.98
US Rig Count: ↑ 664

 

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