200 - Biden's visit to Saudi Arabia | Would a Russian price cap work?

Ellen's thoughts on Biden's visit to Saudi Arabia:

Whether this message is understood by the Biden administration is unclear given the fact that Amos Hochstein's statement after the summit was that he was confident that "there will be a few more steps in the coming weeks from OPEC in terms of oil supplies." The only thing the market should expect from OPEC is that after it meets on August 3, it will unwind the last of its cuts from 2020. Quotas will increase, but this may only result in 200,000 or fewer barrels per day coming on the market because most countries haven't been increasing production very much and are producing well below their quotas. Saudi Arabia will be allowed to produce at 11 million bpd but likely won't. If it hits 10.8 million bpd I would be surprised.

Biden fails to secure major security, oil commitments at Arab summit

https://www.reuters.com/world/middle-east/biden-hopes-more-oil-israeli-integration-arab-summit-saudi-2022-07-16/

Oil market reformer says Russian price cap would fail

 https://www.reuters.com/business/energy/oil-market-reformer-says-russian-price-cap-would-fail-2022-07-18/

- Will just make prices higher

- How will they convince Russia to accept less money from India and China for their oil?

California went big on rooftop solar. Now that’s a problem for landfills

https://www.latimes.com/business/story/2022-07-14/california-rooftop-solar-pv-panels-recycling-danger

- “The industry is supposed to be green,” Vanderhoof said. “But in reality, it’s all about the money.”

- 80% of the panels are recyclable but they often don't end up being recycled.

- No one talks about back end trade off with renewables

U.S. crosses the electric-car tipping point for mass adoption

https://driving.ca/auto-news/industry/u-s-crosses-the-electric-car-tipping-point-for-mass-adoption

- How can you compare the US to the United States which is very different, much larger, etc. and say that you know this is the tipping point?

Europe Must Slash Gas Demand Now Before 'Hard' Winter, IEA Warns

https://financialpost.com/pmn/business-pmn/europe-must-slash-gas-demand-now-before-hard-winter-iea-warns/wcm/a7b11d21-07ff-4ef2-b8ad-5ef031c362bf/amp/

- burn coal and oil!

- Why not buy out some fracking companies and funnel them supplies, investment, etc.?

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