Episode 170 - Is the Delta wave over? | Still 50% of offshore production offline | German Power, Carbon Rise to Record on Soaring Gas Price

Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closures

https://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873

Is the Delta wave over? Or has it not hit the Northeast?

Can we assume that economic activity and travel isn't going to go back down?

City in China restricts movement amid outbreak

https://www.dw.com/en/coronavirus-digest-city-in-china-restricts-movement-amid-outbreak/a-59157352

City closures will impact gasoline and jet fuel in China

Oil prices in the low $70s put pressure on Chinese economy

Nearly 185,000 b/d of US Gulf oil production returns as Ida recovery continues

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/091021-nearly-185000-bd-of-us-gulf-oil-production-returns-as-ida-recovery-continues

Still 50% of offshore production offline

Shell having particular difficulties getting things back online

Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closures

https://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873

European Power Situation

Analysis: Expensive winter ahead as Europe's power prices surge

https://www.reuters.com/business/energy/expensive-winter-ahead-europes-power-prices-surge-2021-09-10/

Energy Prices in Europe Hit Records After Wind Stops Blowing

https://www.wsj.com/articles/energy-prices-in-europe-hit-records-after-wind-stops-blowing-11631528258

German Power, Carbon Rise to Record on Soaring Gas Prices

https://finance.yahoo.com/news/german-power-carbon-rise-record-080615144.html

Russia is pumping a lot less natural gas to Europe all of a sudden — and it is not clear why

https://www.cnbc.com/2021/08/24/russia-is-pumping-less-natural-gas-to-europe-as-nord-stream-2-nears-completion.html

Charging points for electric cars will be preset to turn off for NINE HOURS a day amid fears they will cause blackouts if government hits target for phasing out petrol and diesel

https://www.dailymail.co.uk/news/article-9982253/Charging-points-electric-cars-preset-turn-NINE-HOURS-day.html

- Is Gazprom deliberately putting the squeeze on the European Union to get Nord Stream II started up?

- Consumers don't have extra money to pay prices?

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