Tom Nolan + 2,441 TN January 20, 2022 VIDEO DESCRIPTION: Irina Slav, a freelance writer in Sofia, Bulgaria, writes about energy for Oilprice.com 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 https://youtu.be/ZMcsiRH0VVA Irina's SUBSTACK - The Power Hungry Podcast: Ideology, energy, and everything https://irinaslav.substack.com/p/the-power-hungry-podcast-ideology TWITTER - https://twitter.com/irinaslav1 Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Latest articles from Irina Energy Storage Could Emerge As The Hottest Market Of 2022 Published 19 January 2022 | viewed 3,388 times A few years ago, battery energy storage began drawing attention as what one industry executive at the time called the Holy Grail of renewable energy.… White House Ready To Deploy "Tools" For Oil Price Control Published 19 January 2022 | viewed 11,098 times The Biden administration stands ready to deploy its tools to address the latest increase in oil prices, a spokeswoman for the National Security Council said… Permian Oil Output Hits Record Published 19 January 2022 | viewed 11,252 times Crude oil production in the Permian shale play reached a record-high last month, averaging 4.92 million bpd, the Energy Information Administration reported in the latest… The Worst Is Yet To Come For UK Households As Energy Prices Soar Published 18 January 2022 | viewed 4,311 times When in December the UK government discussed raising a ceiling on household power utility bills, a warning immediately ensued, stating that such a move would… Oil Market Shows No Signs Of Cooling Published 18 January 2022 | viewed 5,965 times The crude oil market has been running hot lately and is showing no signs of cooling, based on the latest trading insight from Bloomberg. 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Published 14 January 2022 | viewed 32,354 times Oil is about to post its fourth week of gains in a row, and the outlook remains bullish thanks to supply constraints and demand strength.… China’s Crude Imports Fell For The First Time In 20 Years Published 14 January 2022 | viewed 3,499 times Crude oil imports into China fell by 5.4 percent last year on an annual basis for the first time in two decades, Reuters reported citing… $80 Oil Is Too Enticing For U.S. Drillers To Ignore Published 13 January 2022 | viewed 14,075 times Despite multiple signals from the U.S. oil industry that it will continue treating the oil price recovery cautiously, signs are emerging that production growth is… Oil Demand Strength Exceeds IEA Expectations Published 13 January 2022 | viewed 8,198 times Global oil demand has proven to be more resilient to the effects of the Omicron variant’s spread than the International Energy Agency expected, according to… Can The World Avoid A Global Oil Supply Crunch? Published 12 January 2022 | viewed 7,599 times The European gas crunch has been hogging headlines for months now, and with good reason - the continent is still struggling to secure enough energy… A Watershed Moment That Could Send Oil Prices To $100 Published 12 January 2022 | viewed 54,606 times Crude oil prices could reach $100 per barrel, according to Ninepoint Partners portfolio manager Eric Nuttall, the latest to add to a growing number of… Oil Prices Inch Higher Despite Large Gasoline Build Published 12 January 2022 | viewed 9,359 times Crude prices dipped slightly before jumping again after the Energy Information Administration reported an inventory decline of 4.6 million barrels for the week to January… Is It Time For Big Oil To Split Up? Published 11 January 2022 | viewed 7,699 times Last October, a hedge fund disclosed a stake worth $750 million in Shell and urged the supermajor to split its fossil fuel business from its… The EV Industry Has Convinced Investors, Now It Needs Consumers Published 11 January 2022 | viewed 2,495 times For years EV-related headlines had Tesla in them. It was something of a must - any EV news was either about Tesla or about another… Coal Prices Dive As Indonesia Signals Easing Of Export Ban Published 11 January 2022 | viewed 1,354 times Benchmark Chinese coal prices fell to the lowest since the start of the year this week, after Indonesia allowed some coal cargos to leave its… https://community.oilprice.com/topic/25243-amazingsee-article-turkmenistan-to-close-gates-of-hell-gas-fire-by-irina-slav/ 1 Quote Share this post Link to post Share on other sites
Boat + 1,315 RG January 20, 2022 (edited) 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 January 20, 2022 by Boat Quote Share this post Link to post Share on other sites
Tom Nolan + 2,441 TN January 22, 2022 https://oilprice.com/Energy/Crude-Oil/IEA-Loses-200-Million-Barrels-Of-Crude-Oil.html 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 Join Our Community 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 Oilprice.com More Top Reads From Oilprice.com: Drone Attacks And Invasion Fears Send Oil Prices Soaring Tight Physical Crude Market Points To Higher Oil Prices Bank Of America Predicts Tesla Market Share Will Collapse In Next Few Year Quote Share this post Link to post Share on other sites
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