2019年2月13日 星期三

Morning Volt for 02/13/2019

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Morning Volt

Oil Prices Drop

Reuters, CNBC
Oil prices fell on Monday as worries surrounding the resumption of U.S.-China trade talks overshadowed support from OPEC-led supply restraint.Brent crude futures lost 52 cents, or 0.8 percent to $61.59 a barrel by 12:52 p.m. EST. U.S. West Texas Intermediate (WTI) crude fell 68 cents, or 1.3 percent, to $52.04 a barrel.Trade talks between the United States and China resumed with working level discussions before high-level discussions later in the week.While Beijing struck an upbeat note, it also expressed anger at a U.S. Navy mission through the disputed South China Sea. This cast a shadow as...

Does the US Oil Rig Count Still Matter?

Jude Clemente, Forbes
Released each Friday to end the work week, the U.S. oil-directed rig count is something the entire energy business looks forward to.As such, we all thank Baker Hughes for these numbers that tell us a good bit about the current thinking of our oil and gas industry.Despite numerous changes in the business, particularly since the shale oil and natural gas revolution took flight in 2008, there is still a very clear connection between oil prices and the rig count, with rises for the former pushing higher numbers for the latter

What Key 2020 Candidates Say About the 'Green New Deal'

Brett Samuels, TH
The Green New Deal has emerged as a key litmus test for prospective 2020 presidential candidates, with high-profile candidates jumping on board to back the progressive environmental pitch.On Sunday, Sen. Amy Klobuchar (D-Minn.) entered the 2020 race after supporting the proposal. Four other senators who have declared presidential bids have co-sponsored the resolution, and Sen. Bernie Sanders (I-Vt.), who is mulling a 2020 campaign and has previously supported the concept, will back the plan.Their support highlights one of the progressive ideas at the center of the Democratic race, while the...

Republicans Need Alternatives to 'Green New Deal'

Heather Reams, RCE
Americans are practical people, especially when it comes to the environment. Most are simply looking for straightforward, tangible ideas that will deliver a cleaner energy future. They know that supporting investment in clean energy solutions has the potential to bolster our economy, create jobs, and strengthen national security. But these solutions must be sensible.A desire for pragmatism is why most Americans will welcome discussion about how to lower carbon emissions with an open mind and in good faith. Our nation is long overdue for a diverse, honest conversation about the real challenges...

Climate Seen as the World's Top Threat in Pew Poll

C. Quackenbush, Time
Climate change increasingly ranks as the world's most pressing security threat, with terrorism and cyberattacks also topping the list, according to a new survey by the Washington-based Pew Research Center.In a poll of 26 countries, 13 considered the warming planet the number one concern. This was followed by the threat of Islamic State in Iraq and Syria (ISIS), which eight countries, including Russia, France, Indonesia and Nigeria, rated as the top threat. Four nations, including Japan and the U.S., cited cyberattacks as the most urgent issue.

Tesla Launches New Amazon Store

Jack Morse, Mashable
Tesla has done it again.The company that brought us insane mode and questionably sourced farting unicorns is back to remind the world that no one speaks to the soul of children trapped in adult bodies better than its childlike CEO. That's right, Tesla just launched its own Amazon store, and you wouldn't believe the goodies for sale.In the mood for a $250 1:18-scale Tesla Model S toy car with "Steerable wheels"? Or maybe a $45 iPhone X case with the word "Tesla" subtly emblazoned across the side? The Tesla Amazon store has you covered.

Coal Take Note: Climate Change Killed This Mine

J. Thornhill, Bloomberg
An Australian court blocked the development of a coal mine because of its potential to contribute to climate change, in a ruling an environment lawyer said could be a turning point for future coal projects, while industry cautioned the decision wasn't likely to impact new development.The construction and operation of the mine, and the transportation and combustion of the coal from the mine, will result in the emission of greenhouse gases, which will contribute to climate change, Judge Brian Preston said in his appeal judgment.New coal developments in Australia have been struggling to...

The Nuclear Option More Popular Than Thought

James B. Meigs, CJ
At the heart of the sprawling Indian Point Energy Center, 30 miles up the Hudson River from Manhattan, stands a modest, oblate structure easy to overlook at first glance. The plant's massive, torpedo-shaped containment domes, which shelter Indian Point's two active nuclear reactors, dominate the skyline. But the smallish, squat dome in the middle of the complex, its gray concrete streaked with age, is where it all started. This incongruous building contains Indian Point's long-dormant Unit 1, among the United States' first commercial nuclear reactors and, at the time, the most powerful yet...

This Bill in Congress Could Block a Russia-OPEC Axis Oil Pact

G. Rich, IBD
Efforts by OPEC to formalize a partnership with Russia and gain more sway over crude oil prices could come undone as Congress advances a bill aimed at the oil group.On Thursday, the House Judiciary Committee passed the No Oil Producing and Exporting Cartels (NOPEC) Act, paving the way for a vote in the full House.The bill would change U.S. antitrust regulations to allow the U.S. Attorney General to sue OPEC members for collusion.

Demand Concerns Drive Oil Markets

Jim Hyerczyk, Oil Price
U.S. West Texas Intermediate oil futures are trading lower for the week, putting the market in a position to post a potentially bearish technical closing price reversal top on the weekly chart. This chart pattern typically leads to the start of a two to three week correction.Demand Concerns Move to ForefrontDemand concerns are driving the price action this week. Although the OPEC-led production cuts remain supportive, they may not be enough to underpin prices if demand drop substantially.

Fire Risk Increasing With Climate Change

Leith Huffadine, RNZ News
Fire fighters are currently battling a 2000 hectare blaze near Nelson, and the conditions they are facing - hot, windy days and a long dry spell - are likely to be more common with climate change.Scion fire scientist Grant Pearce said the organisation, a Crown Research Institute, had studied climate change and its impact on fire risk.Research in 2011 looked at 21 weather stations across the country and what the projected change in conditions - temperature, humidity, windspeed, and rainfall - would mean for fire danger.It said drier conditions expected with climate change were "likely to...

US-China Trade Fears Capping Crude Oil for Now

Nick Cawley, Daily FX
With China back from its week-long holiday, oil traders will be looking for any US-China trade headlines to help decide the next move in the price of oil. On March 1, 2019 the current 10% tariff on Chinese imports already imposed will increase to 25% on trade worth approximately $200 billion. China has already said that it will retaliate if this increased tariff is imposed, leading to the US saying tat it will impose duties on another $267 billion of Chinese imports. These new tariffs, if imposed, will heightened fears that global growth will slow further, decreasing the demand for oil. The...

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