Republican-led state capitols are considering bills that would punch holes in President Joe Biden’s green revamp of the US electricity system by promoting fossil fuels or piling costs on to renewable energy.
The proposed legislation reverses a dynamic that played out over the past four years, when lawmakers in states controlled by Democrats moved to counteract Donald Trump’s climate rollbacks. One analyst described a “Biden backlash”.
Legislators have sharpened their focus since a winter storm caused blackouts in Texas and Midwestern states in February. Despite a varied set of causes, some have invoked the crisis to propose new constraints on solar and wind power.
If enacted, the bills would cloud Biden’s objective of driving down carbon emissions from the electricity sector, one that he intends to bolster with a $2tn federal infrastructure plan announced last week.
Abu Dhabi plans to relinquish control over prices of Murban to investors and traders, a major step in efforts to fortify its position in the international oil market. The goal is to make Murban more attractive to refiners in Asia, where oil producers are battling for customers as Western governments seek to phase out fossil fuels.
By allowing crude to trade more freely, the emirate could ultimately undermine the sway of the Organization of the Petroleum Exporting Countries over prices. The changes that Abu Dhabi is making will erode the influence of cartel leader Saudi Arabia over time, Philip Verleger, an energy economist and president of PKVerleger LLC, said.
“Oil will flow more freely around the world where it is needed, and that will make it more difficult for OPEC to maintain control on prices,” Mr. Verleger said.
...In return for investments, China would receive steady supplies of Iranian oil, Iran’s semiofficial Tasnim news agency said Saturday, adding that the two countries also agreed to establish an Iranian-Chinese bank. Such a bank could help Tehran evade U.S. sanctions that have effectively barred it from global banking systems.
“This cooperation is a basis for Iran and China to participate in major projects and infrastructure development,” including Beijing’s Belt and Road initiative, said Iranian President Hassan Rouhani on Friday ahead of the signing, referring to China’s vast global investment and development strategy.
The deal deepens cooperation between Tehran and Beijing at a time when China is seeking more influence in the Middle East and when Iran is looking for ways to support an economy that has been battered by U.S. sanctions.
As of March 26, the Company’s seven day moving average of its net bookings is approximately 90% of the level experienced in 2019, with a domestic load factor of approximately 80% during that same period. The Company presently expects this strength in bookings to continue through the end of the first quarter and into the second quarter.
The part of people’s lives that has been missing has been going places and seeing scenery other than the inside of their house. They will want to get out, and that means travel, which means oil demand.
Oil demand is expected to grow from 4.4 to 8.7 million barrels per day ie 435 million tonnes per annum. Part of this requirement will also come from the production of petrochemicals as newer refineries are built with higher integration with petrochemicals.
The Biden administration on Monday said U.S. Bureau of Land Management (BLM) office staff would resume processing oil and gas drilling permits later this week following a two-month period when those approvals were limited to senior officials in Washington.
The United States and the other Western powers that signed up to the 2015 deal appear to be at odds with Tehran over which side should return to the accord first, making it unlikely that U.S. sanctions which have crippled Iran’s economy can be quickly removed.
China’s smaller liquefied natural gas buyers are seizing on reforms that’ve opened access to import infrastructure to boost competition, issuing a spate of tenders for the fuel over the past month.
The second-tier gas firms, including Guangdong Energy Group Co. and Shenzhen Energy Group Co., are forecast to continue to seek more cargoes with spot LNG prices low, adding a new source of demand for global exporters, according to energy consultant FGE.
Empirical observation throughout the SARS-CoV-2 pandemic has shown the outsized role of superspreading events in the propagation of SARS-CoV-2, wherein the average infected person does not transmit the virus. Our results suggest the same dynamics likely influenced the initial establishment of SARS-CoV-2 in humans, as only 29.7% of simulated epidemics from the primary analysis went on to establish self-sustaining epidemics. The remaining 70.3% of epidemics went extinct…Furthermore, the large and highly connected contact networks characterizing urban areas seem critical to the establishment of SARS-CoV-2. When we simulated epidemics where the number of connections was reduced by 50% or 75% (without rescaling per-contact transmissibility), to reflect emergence in a rural community, the epidemics went extinct 94.5% or 99.6% of the time, respectively…The high extinction rates we inferred suggest that spillover of SARS-CoV-2-like viruses may be frequent, even if pandemics are rare.