Non-Green Energy: Oil and Gas

[Strannik]

- Russia’s revenues from oil exports have recovered from levels reached in January and February

- Moscow has been able to successfully claw back earnings from fossil fuel exports in recent weeks despite the imposition of import bans from the European Union and a broader G7 oil price cap late last year

https://www.cnbc.com/2023/05/24/ukraine-the-wests-oil-war-against-russia-is-losing-momentum.html

[JWB]

Japan passes bill to extend lifespan of nuclear power plants beyond legal limit of 60 years (msn.com)

[Strannik]

Oil prices

Russia oil monthly revenue (via account surplus)   reaching average

 

Edited June 10, 2023 by Strannik

[Strannik]

Plans for the LNG OPEC

 

 

[JWB]

North Dakota tribe buys idle oil pipeline from Enbridge (msn.com)

[Strannik]

Russian oil is refined by intermediaries and flowing to the West

 

 

Edited June 21, 2023 by Strannik

[JWB]

Record-breaking U.S. oil production helps thwart Saudi efforts to drive up prices (msn.com)

[Strannik]

Shale Wells Are Losing Oil Output Faster Than Expected, Study Says

https://www.bnnbloomberg.ca/shale-wells-are-losing-oil-output-faster-than-expected-study-says-1.1959289

The firm’s conclusion that there won’t be a surge of American oil production comes after the amount of crude extracted from US shale wells doubled in the past decade. The falling output rate over time highlights a fact of life for US shale explorers: oil wells are most prolific in early months of production, with gushers quickly turning to trickles.

 

[Strannik]

US Oil production peaks

https://www.bloomberg.com/news/articles/2023-08-08/us-forecasts-record-oil-production-helping-counter-saudi-cuts?utm_source=twitter&utm_medium=social&utm_content=markets&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic#xj4y7vzkg

[Strannik]

How Russia sells oil over the G7 cap

 

 

 

[JWB]

 

[Strannik]

EU purchases of RU LNG up 40% from pre-war levels

 

 

[Strannik]

CATO Institute argues:

This paper has outlined the hard and mostly immutable economic realities resulting from the Russian invasion of Ukraine and the West’s response to it. These realities cannot be overcome by political will. Only a portion of Russian energy can be replaced in any reasonable time frame, and even then, it would be at great cost to economic well‐being. U.S. LNG exports could help but cannot replace Russian supply and likely will result in higher prices across the board for Americans. The damage to the global economy, already significant, will be more so over the medium term.

https://www.cato.org/policy-analysis/corking-russian-gas

Edited September 5, 2023 by Strannik

[urbanoid]

 

[urbanoid]

Lol, Hungary can get fucked.

 

[Strannik]

9 hours ago, urbanoid said:

 

That's nice for Romania to pick up a gas bill for Moldova. 

[urbanoid]

They're just taking over the pipeline network?

[Strannik]

5 minutes ago, urbanoid said:

They're just taking over the pipeline network?

They stole GazProm property alright, but who do you think is gonna pay for gas now?   Moldova is broke.

Edited September 5, 2023 by Strannik

[urbanoid]

Guess Moldova will have to increase wine exports, I might even buy some. On a more serious note though, I expect the EU to participate in the costs, it won't be much. 

[Strannik]

4 minutes ago, urbanoid said:

Guess Moldova will have to increase wine exports, I might even buy some. On a more serious note though, I expect the EU to participate in the costs, it won't be much. 

Ah, the dreams again.  I am afraid EU will have to pay up 🤣

[Strannik]

Russia and Saudi Arabia announce the extension of voluntary oil production cuts (0.3/1 mln bpd respectively) which "will help stabilize the global market".

Oil prices rise to $90 pb.

[Strannik]

Spain is increasingly relying on Russian natgas...

 

 

 

Edited September 8, 2023 by Strannik

[JWB]

 

[rmgill]

Has most everyone just drunk the cool aide thinking we can switch to unicorn farts for energy sources? 

[sunday]

Also, we could be seeing a case of artificial scarcity preparing the case for a Malthusian cull of population.