Episode 166 - Dakota Access Pipeline Expansion | Aramco has huge quarter | Infrastructure Bill a win for big oil?

https://www.youtube.com/c/WarRoomMedia

Oil falls in biggest weekly decline in months on demand worries

https://www.reuters.com/business/energy/us-oil-set-biggest-weekly-loss-since-oct-delta-variant-fans-demand-worries-2021-08-06/

- Is the $80 oil call under threat?

- Oil company stocks are holing pretty steady, despite good earnings and falling oil

- Is it Delta? What IS Delta, and why do we need to know?

Oil majors tread cautiously in Permian shale

https://www.argusmedia.com/en/news/2242395-oil-majors-tread-cautiously-in-permian-shale

- pioneer not expecting to do any major acquisitions

- How much is ESG, Covid, fear of OPEC, paying down debt, Biden admin fear, fear of uncertainty

Utilities Eye Mini Nuclear Reactors as Climate Concerns Grow

https://www.wsj.com/articles/utilities-eye-mini-nuclear-reactors-as-climate-concerns-grow-11627905600

- 345 megawatt reactor will cost $1 billion, $50 to $60 range per megawatt-hour

Climate chief warns of ‘catastrophe’ and then backs oil and coal plans

https://metro.co.uk/2021/08/08/climate-chief-warns-of-catastrophe-and-then-backs-oil-and-coal-plans-15058669/

Aramco posts nearly 300% leap in second-quarter profit on global demand recovery

https://www.cnbc.com/2021/08/08/saudi-aramco-posts-near-300percent-leap-in-q2-profit-on-global-demand-recovery.html

More Oil Shipped as Dakota Access Pipeline Expansion Starts

https://www.usnews.com/news/us/articles/2021-08-06/more-oil-shipped-as-dakota-access-pipeline-expansion-starts

- pipeline expansion is going through, rate of oil increasing

Infrastructure Bill Has Big Wins for Oil, Climate Advocates Say

https://www.bloomberg.com/news/articles/2021-08-06/biden-s-agenda-is-tainted-by-oil-interests-say-climate-advocates

- big oil wins $10 billion for carbon capture and LNG plant in Alaska wins loan guarantees, $8 billion for hydrogen but not necessarily green and blue

- $21.5 billion to create an Office of Clean Energy Demonstrations!

'This is no way to make policy': Cryptocurrency advocates express frustration with bipartisan infrastructure language

https://www.cnn.com/2021/08/07/politics/cryptocurrency-infrastructure-bill/index.html

- Provision will expand number of cryptocurrency users who would have report filings to the IRS

https://www.bloomberg.com/opinion/articles/2021-07-29/biden-trade-policy-can-advance-climate-goals-with-infrastructure

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