In this episode of the PetroNerds podcast, your host Trisha Curtis, CEO of PetroNerds, takes you on a 47 minute world wind tour of the oil market, oil prices, the International Energy Agency (IEA) and OPEC's monthly market reports, inflation, the White House Press Briefing on August 11th, 2021 on inflation and OPEC, the US Consumer Price Index (CPI), and China's coal fired steel mill surge. This podcast is another must listen to episode and jam packed with market intel. Trisha goes through the recent drivers in oil price declines, rampant inflation in the US and the Consumer Price Index and dovetails this all into monthly market reports from the IEA and OPEC and the White House Press Briefing on the Biden Administration's claims that inflation is not as bad as it seems and the need for and call on OPEC and OPEC Plus to increase production and lower gasoline prices. As always, she sprinkles in valid information on China and oil demand and closes the podcast on some recent data brought to light in a Financial Times article titled "China Puts Growth Ahead of Climate with Surge in Coal Powered Steel Mills."