Oil rises to touch $52 after Trump signs aid bill
https://www.reuters.com/article/us-global-oil/oil-firms-after-trump-signs-aid-bill-demand-concerns-linger-idUSKBN2920FZ?il=0
- Demand in the US isn’t good but oil stay just under $52 with vaccine news.
- But will increased vaccination actually lead to increased economic activity?
- Market is forward looking but just HOW forward looking is it?
- There could be a sell off when the market reaches the point where demand is back where it is.
- Russia sees demand at 7-8mbpd below pre-pandemic levels but expects growth of only 5-6 mbpd.
Japan to Phase Out Gasoline-Powered Cars, Bucking Toyota Chief
https://www.wsj.com/articles/japan-to-phase-out-gasoline-powered-cars-bucking-toyota-chief-11608887640
- also planning to increase coal powered plants so EVs in Japan will be running off of coal.
- Japanese grid can’t handle the increase in power demand
Toyota’s Chief Says Electric Vehicles Are Overhyped
https://www.wsj.com/articles/toyotas-chief-says-electric-vehicles-are-overhyped-11608196665
Asia’s oil sector in 2021: China drives recovery, strengthens status as refining center
https://www.spglobal.com/platts/en/market-insights/blogs/oil/122420-asia-oil-sector-2021-china-recovery-refining-transport-cars
- predicts oil demand back at 99.53 mbpd in 2021
- China and India will lead the demand growth but India won’t become the next China
Carbon Prices Jump Despite Record Drop in Emissions
https://www.wsj.com/articles/carbon-prices-jump-despite-record-drop-in-emissions-11608814801?page=1
- Carbon credits are like gold. Credits tied to carbon emissions are having a better year than gold.
- Pricing in of increased ambition
- Morgan Stanley forecasts that EU carbon credit prices could rise from 44 Euros to 76 Euros
Biden camp adds pressure on EU to hit brakes on China deal
https://www.japantimes.co.jp/news/2020/12/23/business/economy-business/biden-eu-china-investment-trade/
- If EU doesn’t back China they have no where to turn to
- Biden promoted multilateralism but can he bring that to bear on China?
How tough will Joe Biden be on the US shale industry?
https://www.theguardian.com/us-news/2020/dec/27/joe-biden-us-shale-industry-fracking-ban
U.S. shale oil just had its worst year and the pain could bleed into 2021
https://www.reuters.com/article/us-usa-shale-outlook-analysis/analysis-u-s-shale-oil-just-had-its-worst-year-and-the-pain-could-bleed-into-2021-idUSKBN28W17P
- Growth growth growth was the model for so long that the demise of growth is seen as the death of the industry but that is not necessarily the case.
- Oil productions as going to decrease anyway, 2020 just send up the process the most painful way possible.
- Revamping, reshaping of shale oil industry underway and still underway.
Share this post
Episode 138 - Ryan whiffs on oil prediction | Japan to Phase Out Gasoline-Powered Cars | Carbon Prices Jump Despite Record Drop in Emissions
energyweek.substack.com
1×
0:00
-51:29
Episode 138 - Ryan whiffs on oil prediction | Japan to Phase Out Gasoline-Powered Cars | Carbon Prices Jump Despite Record Drop in Emissions
Dec 29, 2020
Energy Week
Ellen Wald and Ryan Ray discuss the week's events in energy, and what it all means to you.
Ellen Wald and Ryan Ray discuss the week's events in energy, and what it all means to you.Listen on
Substack App
RSS Feed
Recent Episodes
Episode 138 - Ryan whiffs on oil prediction | Japan to Phase Out Gasoline-Powered Cars | Carbon Prices Jump Despite Record Drop in Emissions