Adam Varga

Ford Motors confirmed that it's eliminating about 3,000 jobs, at the US car maker moves ahead with its transition to EVs. Further job losses at US car maker could still come . https://www.nytimes.com/2022/08/22/business/ford-motor-job-cuts.html

Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day. The development of the West Karoun fields are instrumental to the 25-year deal between Iran and China. The impact of additional Iran crude flows on global oil prices could be significant against a background of uncertain demand in the coming months. https://oilprice.com/Energy/Crude-Oil/How-Iran-Could-Trigger-The-Next-10-Percent-Drop-In-Oil-Prices.html

Ford overtook Tesla to become the best-performing car stock of 2021. Thanks to its pivot to electric vehicles, investors piled into Ford, with its F-150 and Mach-3 sales reinvigorating investor enthusiasm in the company. Tesla, however, is still the king of EVs in America, accounting for the majority of total EV sales in the country. https://www.cnbc.com/2022/01/03/ford-beats-tesla-to-become-auto-industrys-top-growth-stock-in-2021.html

The economic rebound from the pandemic is taking coal power generation to a new record high this year, with global coal demand likely hitting another new high next year, undermining net-zero efforts, the International Energy Agency (IEA) said in its annual Coal 2021 report released on Friday. https://oilprice.com/Energy/Coal/IEA-Coal-Set-For-Record-Highs-In-2022-Despite-Net-Zero-Pledges.html

American lithium is expected to be in high-demand for the next century… And early investors in the companies set to profit could receive significant returns on their investment in 2022. Few investors may know that the US has some of the world’s largest lithium reserves… And with supply-chain issues and China’s emergence as a lithium power-house… Lithium production is now flooding back to America. https://oilprice.com/Energy/Energy-General/The-Lithium-Extraction-Tech-That-Could-Take-Tesla-To-2-Trillion.html

OPEC+ expects the global oil market to show a worse-than-previously expected surplus in the first quarter of 2022, according to an internal report seen by Reuters, which could give the group another reason to pause monthly supply additions. OPEC+ now expects a surplus of 2 million barrels per day (bpd) in January, 3.4 million bpd in February, and 3.8 million bpd in March, the report seen by Reuters shows. https://oilprice.com/Energy/Crude-Oil/OPEC-Expects-Large-Oil-Glut-In-Early-2022.html

OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a coordinated release of their strategic petroleum reserves. https://www.worldoil.com/news/2021/11/22/opec-considers-lowering-production-to-account-for-oil-reserve-releases

Vitol Group, the world's biggest independent oil trader, is jumping into the electric-vehicle fleet business. Vitol has partnered with China's BYD to allocate an initial $250 million to expand electric vehicle infrastructure in some markets. https://www.reuters.com/business/autos-transportation/energy-trader-vitol-chinas-byd-partner-ev-infrastructure-2021-09-22/

Boxed out of Keystone XL, Enbridge is making a move to snap up a midstream operator in North America’s Largest Export Hub. https://www.youtube.com/watch?v=dd2zendXp90

U.S. President Joe Biden signed an executive order setting a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission vehicles. It includes battery electric, plug-in hybrid electric, or fuel cell electric vehicles. This move as supported by Detroit’s Big Three.Although the U.S. automakers are all investing billions in EV production in anticipation of a shift in buyer behavior, challenges remain.Can Tesla, GM, Ford, & others deliver on Biden’s 50% EV by 2030 goal? https://www.usatoday.com/story/news/politics/2021/08/05/president-joe-bide-zero-emissions-vehicles-2030-goal/5489643001/

A shock report from the IEA calls for zero new investment in oil and gas. Forever. https://www.youtube.com/watch?v=senffj5Hnro

President Joe Biden introduced a sweeping $2 trillion infrastructure and jobs package that looks to reshape the American economy and make the most significant domestic U.S. investments in generations. The plan includes everything from road repairs and electric vehicle stations, to public school upgrades and training for the clean-energy workforce. https://www.usatoday.com/in-depth/news/politics/2021/04/01/2-trillion-infrastructure-bill-charts-detail-bidens-plan/4820227001/

Is coal dead? No yet, but it's dying slowly and painfully.

Excellent guide for investing in the hottest battery metal - lithium. Anyone interested in this metal should watch this one.

The worst seems like it’s over for the U.S. oil industry. Yet executives are entering the new year with cautious optimism, the latest Dallas Fed survey of the industry suggests. https://oilprice.com/Energy/Energy-General/US-Oil-Executives-Cautiously-Optimistic-About-2021.html