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Irina Slav is interviewed by Robert Bryce on "The Power Hungry Podcast"

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VIDEO DESCRIPTION:  Irina Slav, a freelance writer in Sofia, Bulgaria, writes about energy for and on Substack at Irina Slav on energy. In this episode, she explains why the “ideological drivel” around renewables is driving Europe’s energy policies, how the need for more minerals and metals will stymie the transition away from hydrocarbons, why the attacks on Vladimir Putin are misguided, Bulgaria’s membership in NATO, and lots more.

January 18, 2022 - The Power Hungry Podcast: Irina Slav

Irina's SUBSTACK  -  The Power Hungry Podcast: Ideology, energy, and everything


Irina Slav

Irina is a writer for with over a decade of experience writing on the oil and gas industry.

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I watched the video with writer Irina Slav noting she is one of the main writers for Oil Price. For someone to understand my reasoning please watch her video also. I don’t follow other countries energy that closely but I will use Texas as an example. 
In theory a grid operator should know its limitations. When is high demand, low demand and historical documation for power supply disruptions or power demand surges. They get paid to be experts. They get paid to anticipate adding factories, rapid growth every year in what areas. Or is a power plant going offline or online. It’s a huge moving puzzle and to stay supplied the grid has constant assement. 
When the US sells/exports nat gas by boat and by pipeline a shortage of electricity isn’t a renewable problem. What it means is a rotten apple at the bottom of the barrel spoiling the safety and security of electricity in Texas. 
I can list ideas of ways to identify and jail those who promote spoiled apples but none of these ideas support killing renewables. Lol

Did Europe kill to many nukes to fast? Did Europe not expect or have a plan for less wind? While Europe kills coal, what takes its place. Who has the numbers, who is in charge. What were the projections. We’re the projections grid guys, or did the numbers change with the suit and tie boys/politicians. Lastly did the system work perfect but the politicions and grid boys forget to factor in Putin. 
At the end of the day it is not FF or renewables fault. Only incompetent humans who need better skills.

Countries and companies have a history of manipulating money from the masses. Our schools teach students how to do it. So don’t be surprised when it works. 

Edited by Boat

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IEA ''Loses'' 200 Million Barrels Of Crude Oil

By Irina Slav - Jan 21, 2022, 9:00 AM CST

  • There is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply
  • Wrong assumptions about demand were clearly one cause for the “shortfall,” but it wasn’t the only one

The International Energy Agency is looking for 200 million barrels of oil. The crude has not been displaced, it seems. Rather, there is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply.

Per a Bloomberg report, the IEA had calculated that, based on certain supply and demand assumptions, global oil stocks last year should have declined by 400 million barrels. Instead, they declined by 600 million barrels.

“A retrospective view shows the difficulty over the past two years of reliably analyzing and forecasting supply and demand,” the IEA said as quoted by Bloomberg. “Lessons learned will improve the work in 2022 and allow us to better understand our market.”

The wrong assumptions about demand were clearly one cause for the “shortfall,” but it wasn’t the only one. As Bloomberg notes, the IEA tracks global oil inventories by satellite, which omits data about oil in pipelines and oil in underground storage.

Another cause for the gap is that the IEA focuses on the Organization for Economic Cooperation and Development and mostly tracks its supply. At the same time, there are many countries outside the OECD that have been building their crude oil inventories, perhaps most notably, China.

Tightening global supply has been identified by analysts as the main cause of the latest oil price rally, coupled with strong demand. This is not the first time the IEA has underestimated the strength of oil demand.

One recent example of this underestimation occurred last year when it released its Road Map to Net Zero, in which the agency called for the immediate suspension of all new oil and gas exploration. Months later, the IEA was calling for more oil and gas investments.

Earlier this month, the IEA again had to admit it had made wrong assumptions about oil demand.

“Demand dynamics are stronger than many of the market observers had thought, mainly due to the milder Omicron expectations,” the head of the agency, Fatih Birol, said.

By Irina Slav for

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