201 - Why did gasoline demand drop? | Shale drillers focus on returns | Goldman cuts near-term oil forecasts

Gasoline Demand Dip That Spooked Market Sparks Furor Over US Data
https://finance.yahoo.com/news/gasoline-demand-dip-spooked-market-205412111.html
- issues with the data made it look like gasoline demand was below summer 2020 levels
- difference between wholesale gasoline supplied and retail demand.
- check out Rory Johnston's report on this (https://www.commoditycontext.com/p/qc-us-gasoline-demand-data)

Shale drillers double down on returns over output
https://www.argusmedia.com/en/news/2358967-shale-drillers-double-down-on-returns-over-output
- Shale drillers are spending more on drilling, not to drill more or grow production but to pay more for services and goods
- OXY, Pioneer aren't growing but XOM plans to grow drilling

Column: European gas oil futures anticipate recession
https://www.reuters.com/business/energy/european-gas-oil-futures-anticipate-recession-kemp-2022-08-08/
- European Hedge fund and money managers are selling off oil futures and US ones are buying them
- European economic outlook is worse than in US

Goldman Sachs cuts near-term oil forecasts but remains bullish
https://www.theedgemarkets.com/article/goldman-sachs-cuts-nearterm-oil-forecasts-remains-bullish
- Forecast Q3 Brent $110 and Q4 $125 but Brent is at $97 now

Spain Limits Air-Conditioning to Save Energy
https://www.nytimes.com/2022/08/05/world/europe/spain-air-conditioning-limits.html
- public buildings air conditioning set to 81, heating set to 66
- lights to be turned off

BlackRock Opening South Florida ‘Snowbird’ Office for Dozens of Employees
https://www.wsj.com/articles/blackrock-opening-south-florida-snowbird-office-for-dozens-of-employees-11659906957
- ESG? climate change? do they really believe that Florida is going to be underwater if they are moving there?