♔

Energy Statistician, 3CK, Orca-like, talkative, provocative, hyperactive.

[♔ @HuginnMuninn]

All these new air conditioners across Europe will need electricity. Chances are they will need gas for this electricity. Chances are that gas demand will compete with gas demand for data centers in the US.
https://t.co/HLJjf5aAzr

[♔ @HuginnMuninn]

I wonder if a French court's decision could serve as precedence in Common Law jurisdictions. Interestingly, the decision recognises climate change to be anthropogenic but instead of oil, it holds all human activity since industrial revolution responsible.
https://t.co/3QYri0KgBB

[♔ @HuginnMuninn]

Lawrence Berkeley National Lab estimates data centers could account for 10-15% of national electricity use by 2030. For comparison, 25 of our largest cities consume 10% of our electricity to power at least 65 million jobs.
https://t.co/aFcibnq7wG

[♔ @HuginnMuninn]

Interesting analysis of how oil is not as important any more given lack of emergency measures around consumption, interest rates and unemployment.
https://t.co/cYEcywTKmw

[♔ @HuginnMuninn]

Texas recorded 10,409 unique oil and natural gas job postings in May, up 6% from April. Houston led all Texas cities with 2,698 job postings, followed by Midland, Odessa and Dallas.
https://t.co/JIPvMLL4bD

[♔ @HuginnMuninn]

People are delaying oil changes given the price of lubricants. That is causing an engine components shortage.
https://t.co/N6YO2dG1wY

[♔ @HuginnMuninn]

If palm oil blends can run diesel engines, that could change the distillates market dramatically - and the #nutella market too.
https://t.co/z7ZrjEwHLN

[♔ @HuginnMuninn]

UCBerkeley study says fracking saved us more than a trillion dollars
https://t.co/H9wdqB2e5E

[♔ @HuginnMuninn]

Interesting analysis suggesting oil prices may not have far to go above $104/bbl given declining structural oil demand, Chinese stockpiles and growth of supply from the Americas.
https://t.co/CodFjIpFzq

[♔ @HuginnMuninn]

Gas prices have been negative in the Permian for 120 days because of lack of pipeline capacity in spite of high oil prices.
https://t.co/xNxklyvXcG

[♔ @HuginnMuninn]

Natural gas is a market-traded commodity, meaning data centers that gobble up lots of natural gas will naturally compete with other gas customers, increasing prices.
https://t.co/gHxOgk0Z7z

[♔ @HuginnMuninn]

Cushing inventories fell to 22.4 million barrels as of May 29 down about 4 million barrels compared to February 27, the day before the U.S.-Israeli war with Iran began.
https://t.co/KIXdWDdvZj

[♔ @HuginnMuninn]

Demand for oil has already reduced 4MMbpd. But these are likely delays rather than reductions. The supply demand mismatch is still coming.
https://t.co/1nTiqzKp97

[♔ @HuginnMuninn]

Without a system for bringing data centers safely onto the grid while establishing the guardrails for public ratepayers, data centers would need to co-locate with power plants.
https://t.co/CTDszvYl8J

[♔ @HuginnMuninn]

Though Alaska remains relatively underexplored, recent finds have benefited from companies’ access to oil infrastructure and expertise built over decades.
https://t.co/4pdJaAujDY

[♔ @HuginnMuninn]

It is not just gasoline, but also the engine lubricant (motor oil).
https://t.co/Ylmd7IN86j

[♔ @HuginnMuninn]

The day after banning new oil and gas licenses domestically, the UK are reducing sanction to enable Russian oil and gas imports.
https://t.co/ECJ7LCf05k

[♔ @HuginnMuninn]

Two crises: physical disruption and refinery conundrum are aligning perfectly. The technical levers to address them have already been pulled.
https://t.co/28uURihFG0

[♔ @HuginnMuninn]

Expect drilling costs to increase even further thanks to tungsten shortages.
https://t.co/9quugUAKZk

[♔ @HuginnMuninn]

If your car goes slightly further on a tank of gasoline in California than Texas or the Eastern Seaboard, it's not your driving nor better roads. It is the regulations on your gasoline.
https://t.co/64HybifWg1