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DAILY ENERGY NEWS | 02-16-2022|
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** EVs are all fun and games until you realize where all those materials come from, who controls them, and how they are being mined...
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Mining.com ([link removed]) (2/11/22) reports: "'Lithium spot prices in Chinese markets showed substantial gains in the first week after the Lunar New Year holidays in East Asia, mainly driven by sustained supply tightness in spot units, the latest Fastmarkets assessment shows. Fastmarkets’ price assessment for lithium carbonate, 99.5% Li2CO3 minimum, battery grade, spot price range, ex-works domestic China, was 400,000-430,000 yuan ($62,833 to $67,545) per tonne on February 10, up by 50,000-60,000 yuan per tonne from 350,000-370,000 yuan per tonne a week earlier. The corresponding assessment of the lithium hydroxide monohydrate was 340,000-360,000 yuan per tonne on the same day, up by 50,000 yuan per tonne from 290,000-310,000 yuan per tonne a week earlier.'"
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"AP retains complete editorial control of all content." Sure they do.
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Associated Press ([link removed]) (2/15/22) Press Release: "The Associated Press announced today it will significantly expand its climate coverage, creating a standalone desk that will enhance the global understanding of climate change and its impact across the world. The initiative will infuse the global media landscape with a new stream of quality climate journalism through both AP content and in-depth training and collaboration directly with AP’s thousands of customers worldwide. AP will hire about 20 journalists based in Africa, Brazil, India and the U.S. to supplement the news agency’s journalists already covering climate and the environment. Together the team will transform how AP covers the climate story, including focusing on the profound and varied impacts of climate change on society in areas such as food, agriculture, migration, housing and urban planning, disaster response, the economy and culture.'"
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** "Unfortunately, we are once again seeing claims that volatility in gas and electricity markets is the result of the clean energy transition. These assertions are misleading to say the least."
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– I ([link removed]) nternational Energy Agency Executive Director, Fatih Birol ([link removed])
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You're judged by the company you keep. Vladimir Putin, Green Leftists, and Joe Biden all oppose U.S. shale.
** Wall Street Journal ([link removed])
(2/14/22) opinion: "While the Ukraine crisis was raising anxiety about Europe’s dependence on Russian natural gas, something remarkable happened. Last month, for the first time ever, U.S. exports of liquefied natural gas to Europe exceeded Russia’s pipeline deliveries. Russian exports, which normally account for about 30% of Europe’s gas use, dropped substantially because of Russian pricing. And with European gas prices about four times as high as normal, U.S. exports surged to fill the gap. The extraordinary growth in U.S. oil and gas production is a geopolitical and economic asset for the U.S. that contributes to global energy security. As the domestic oil-and-gas industry continues to rebound from the spring 2020 price collapse caused by the onset of Covid, the U.S. is again the world’s top oil producer—almost 20% above the other two largest producers, Saudi Arabia and Russia—and the world’s top natural-gas producer."
Gotta love checks and balances.
** Reuters ([link removed])
(2/14/22) reports: "Corn-based ethanol, which for years has been mixed in huge quantities into gasoline sold at U.S. pumps, is likely a much bigger contributor to global warming than straight gasoline, according to a study published Monday. The study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned by the U.S. Department of Agriculture (USDA) showing ethanol and other biofuels to be relatively green. President Joe Biden's administration is reviewing policies on biofuels as part of a broader effort to decarbonize the U.S. economy by 2050 to fight climate change.“ Corn ethanol is not a climate-friendly fuel,” said Dr. Tyler Lark, assistant scientist at University of Wisconsin-Madison Center for Sustainability and the Global Environment and lead author of the study."
Does this help us beat China or does it hurt us?
** The Verge ([link removed])
(2/15/22) commentary: "Andre clocks into his job at the Kamoto Copper Company (KCC) in the Democratic Republic of Congo at 7 in the morning, and he leaves at 6 at night. The work is physically demanding, and while KCC provides Andre with lunch, he says the food quality is poor, and he’s often hungry afterward. He is also thirsty, with only a little over a liter of water provided to him a day, despite toiling deep underground in a mine that gets swelteringly hot. “We asked KCC for more water, but they haven’t done anything,” Andre, whose real name is being withheld to protect his identity, said in an interview with human rights watchdog group Rights and Accountability in Development (RAID), a transcript of which was shared with The Verge. “I am often thirsty, but I have to endure. KCC is the largest cobalt-producing mine in the world. Located in the heart of the DRC’s Katangan Copperbelt, each year, the mine churns out over 20,000 tons of the silvery metal used in cell phone, laptop, and
electric car batteries.”
Energy Markets
WTI Crude Oil: ↑ $93.18
Natural Gas: ↑ $4.60
Gasoline: ↑ $3.51
Diesel: ↑ $3.92
Heating Oil: ↓ $288.00
Brent Crude Oil: ↑ $94.60
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