• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 2 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 1 day Putin blocks Ukraine access to Black Sea after Joe blinks
  • 1 hour America's pandemic dead deserve accountability after Birx disclosure
  • 2 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 17 hours Fukushima
  • 2 days So. Who's for Universal Basic Income?
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
Editorial Dept

Editorial Dept

More Info

Premium Content

OPEC+ Throws U.S. Shale A Lifeline

1. Metals see a massive boost in EVs

- Robert Friedland has started a special purpose acquisition company (SPAC) called Ivanhoe Capital Acquisition Corp. aimed at investing $200 million in the energy transition.

- “The global shift away from carbon, boosted by ostensible Chinese environmental concerns as well as Biden’s recent win, is driving capital to sectors involved with or likely to benefit from the focus on green or renewable resources,” said Tai Wong, head of metal derivatives trading at BMO Capital Markets. “This focus is likely to improve supply over time.”

- Demand for a variety of metals used in batteries needed for electric vehicles is expected to surge.

- Demand for nickel and aluminum will rise 14-fold between 2019 and 2030.

- Copper prices have already skyrocketed this year, but demand will rise 10-fold over the next decade.

2. China’s power demand stretches the grid

- China’s economy has rebounded strongly from the pandemic, and industrial demand, in particular, is robust.

- Demand for electricity is creating shortages, forcing cutbacks on power delivered to major industrial consumers.

- Electricity demand in China was up 9.4% in November, year-on-year. At the same time, an unusually cold winter has led to a spike in demand for heating.

- Local coal futures have shot up, as has the cost of natural gas.

- The power crunch “will probably…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News