Episode 154 - San Fran getting rid of nat gas? | UAE drilling in Israeli | Who wants to buy Aramco shares?

Eliminating natural gas in housing could cost $5.9B

https://www.sfexaminer.com/news/eliminating-natural-gas-in-housing-could-cost-5-9b/

Wyoming backs coal with $1.2M threat to sue other states

https://columbiabasinherald.com/news/2021/may/03/wyoming-backs-coal-with-12m-threat-to-sue-2/

- San Francisco gets 60% of its electricity from the Hetch Hetchy dam

- Even switching away from natural gas won’t eliminate enough emissions to actually make a difference.

Surging oil profits could actually be good for the clean energy race

https://qz.com/2003903/what-oil-companies-first-quarter-earnings-mean-for-clean-energy/

- BP tried to paint its Q1 earnings as a good showing by its green portfolio but really it was due to higher price of oil and also the oil and gas trading unit.

Oil rises to $67 as demand hopes counter India concern

https://www.reuters.com/world/middle-east/oil-climbs-demand-optimism-overshadows-india-worries-2021-05-03/

- Oil should be higher except India?

- We don’t really know what the situation in India is when it comes to oil demand — mobility data can be flawed.

Indian oil imports: Saudi claws back No.2 supplier status from U.S.

https://www.reuters.com/article/india-oil-imports/table-indian-oil-imports-saudi-claws-back-no-2-supplier-status-from-u-s-idUSL4N2MM2YF

U.S. Denies Any Deal With Iran to Ease Sanctions, Swap Prisoners

https://finance.yahoo.com/news/u-denies-deal-iran-talks-143713721.html#click=https://t.co/6aQ32QDpMe

- Is there anything new in this deal?

- Do we inflate Iran’s place in the world? Goes back to GWB? Goes back even further.

United Arab Emirates investment fund to acquire Israeli deep gas project as ties between the two countries strengthen

https://ihsmarkit.com/research-analysis/uae-investment-fund-to-acquire-israeli-deep-gas.html

- The more more cross-boarder investment that happens the less conflict there is

- First step, will see more energy collaboration between the two

View: Sorry, Aramco. Reliance just isn’t that into you

https://economictimes.indiatimes.com/industry/energy/oil-gas/view-sorry-aramco-reliance-just-isnt-that-into-you/articleshow/82307790.cms

Exxon, Chevron Put Permian in Cruise Control

https://www.energyintel.com/pages/eig_article.aspx?DocID=1104817

- Both Exxon and Chevron have plans to increase investment in the Permian and increase production by 2025.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com