Episode 165 - Chinese demand | Q2 earnings | The True Cost of Solar

Energy Week

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On this episode of the Energy Week Podcast, Ryan Ray and Ellen Wald talk about Chinese demand, Q2 earnings, and the cost of solar.
Oil prices slide on worries over China economy and higher crude output
https://www.cnbc.com/2021/08/02/oil-markets-china-economy-opec.html
- highest gasoline consumption
- broke record for TSA screenings showing Americans are on the move
- Chinese economy slowing based on higher raw material costs, flooding issues and other
- Can we expect China to keep having double digit growth
Vitol's Muller expects China to release 25-30 mil bbls from strategic oil reserves in Q4
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/080121-vitols-muller-expects-china-to-release-25-30-mil-bbls-from-strategic-oil-reserves-in-q4
- China’s way of saying oil prices are too high for them
- will it help cool off oil prices?
- How long can China play the SPR game?
Exxon, Chevron Beat Q2 Forecasts But Contrast On Paying Shareholders More
https://www.investors.com/news/exxon-stock-chevron-stock-exxon-earnings-chevron-earnings-q2-2021/
- both companies beat expectations but share prices fell
- when will they put money into capex?
Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal
https://www.wsj.com/articles/behind-the-rise-of-u-s-solar-power-a-mountain-of-chinese-coal-11627734770
- People want to buy the cheaper solar panels even if they are produced using lots of coal fired energy
U.S. Blames Iran for Drone Attack on Israeli-Linked Tanker
https://www.wsj.com/articles/u-s-blames-iran-for-drone-attack-on-israeli-linked-tanker-11627848609
Rising gasoline prices signal trouble for climate change action
https://www.axios.com/gas-prices-climate-change-325881b1-fa78-41c9-8cb3-1d56d0ed9328.html
- higher prices mean people don’t want to pay for renewables, EVs
‘Greenflation’ threatens to derail climate change action
https://www.ft.com/content/49c19d8f-c3c3-4450-b869-50c7126076ee
- All of the products we need to combat climate change like copper and aluminum are getting too expensive because demand for producing them is up.
https://www.bloomberg.com/opinion/articles/2021-07-29/biden-trade-policy-can-advance-climate-goals-with-infrastructure
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