Morning Volt for 04/24/2017

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Morning Volt

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When Tesla Journalists Smoke Crack, Volume 23,565


The Street decided that Tesla’s innocuous third-party recall regarding a parking brake component should be billed as one of the biggest automotive blunders of all time. And they figured the best wa

Why We Don’t Need Better Forecasts: Kemp

John Kemp, Reuters

One of my first assignments as anewly-minted graduate in the late 1990s was to produce a 30-yearforecast for the Bangladesh taka against the U.S. dollar onbehalf of a client contemplating a multi-billion dollarinvestment.

How Rising Sand Prices Could Undermine U.S. Shale Recovery

RBN Energy

The techniques used to wring increasing volumes of crude oil, natural gas and natural gas liquids (NGLs) out of shale continue to evolve, and as they do, producers are facing mounting costs for securing frac sand and for disposing of produced water from the wells.

First Fracking Test of Oil Potential in Prudhoe Bay Shale

Alex DeMarban, ADN

An oil explorer hoping to bring the Lower 48’s fracking revolution to Alaska will take a big step this week when it launches an effort to determine the production potential of crude oil locked in North Slope shale.

Cuomo’s War on Pipelines Crushing New York’s Economy

New York Post

When Team Cuomo blocked a gas pipeline this month, and another last year, we warned of the fallout. A new report out Monday puts a price tag on such bans and points out what’s really going on. Th

America’s Nuclear Future is Failure

Amy Harder, Axios

After almost 40 years and billions of dollars, the American nuclear industry’s bid to revive itself is falling flat.

Can the Bankers Sell Saudi Aramco?

Nick Butler, Financial Times

Spare a thought today for the hundreds of bankers trapped in the luxury hotels of Riyadh and Dhahran working for on the sale of the century the privatisation of part of Saudi Aramco, the state oil company.

Space May Be Next Frontier for Earth’s Crude Oil Giants

Dan Murtaugh, Bloomberg

The Middle East has an outsize impact on energy here on Earth. One analyst thinks some regional powerhouses may leverage that role into the development of natural resources in space.

Shale’s the Wild Horse OPEC Can’t Tame

Julian Lee, Bloomberg Gadfly

Today’s niche oil play is the next decade’s standard. It was all so simple. By lifting restraints on output, Saudi Arabia would stop subsidizing high-cost oil producers and halt the rapid rise in U.S. production that was eating into OPEC’s market share. At least, that was the logic back in November 2014.

Bloomberg to World Leaders: Ignore Trump on Climate

The Guardian/AP

Former New York mayor seeks to defend Paris climate deal in new book, saying states and market forces will ensure US hits greenhouse gas targets

Video: Oil Market Shouldn’t Get Ahead of Itself

Rebecca Ungarino, CNBC

Kloza sees oil largely remaining in its recent low- to mid-$50 range for some time. In late 2014, when crude oil was vacillating between roughly $60 and $80 a barrel, Tom Kloza of the Oil Price Information Service called for a plunge in crude prices over the next year. He was right crude’s value per barrel was nearly slashed in half by the end of 2015.

Why the U.S. Should Remain in the Paris Climate Agreement

It was widely reported last week that a White House meeting scheduled for Tuesday, April 18th, was to consider whether the United States should remain a party to the Paris Climate Agreement. At the last second, that meeting was postponed.

Iran’s Crude Exports Struggling to Grow

Osamu Tsukimori, Reuters

Iran’s crude oil exports are set to hit a 14-month low in May, a person with knowledge of the Middle Eastern country’s tanker loading schedule said, suggesting the country is struggling to raise exports after clearing out stocks stored on tankers.

Climate Risk: Global CEOs Back Disclosure Guidelines

Madeleine Cuff, BusinessGreen

27 major firms including HSBC, Accenture and PwC promise to adopt disclosure guidelines in their own businesses and call on G20 to formally back higher disclosure standards,Investment,Risk ,climate risk,G20

Strange Bedfellows Call For Carbon Capture Funding

Keith Goldberg, Law360

A coalition of coal industry, labor and climate change groups urged President Donald Trump and congressional leaders Thursday to make carbon capture and sequestration projects part of any broad infrastructure legislative package, as well as to extend federal tax credits for such projects. Trump has made promises to invest $1 trillion on U.S. infrastructure.

Major Power Outages Coincide in LA, New York, and San Francisco


A series of subsequent power outages in Los Angeles, San Francisco, and New York City left commuters stranded and traffic backed up on Friday morning. Although the outages occurred around the same time, there is as of yet no evidence that they were connected by anything more than coincidence.

Britain Poised to Go Full Day Without Burning Coal for Electricity

NY Times

If all goes according to plan, Friday will be the first full day since the height of the Industrial Revolution that Britain will not burn coal to generate electricity, a development that officials and climate change activists were already celebrating as a watershed moment.The accomplishment will not become official until just before 11 p.m., when the 24-hour period ends, but executives in the National Grid control room said on Twitter that they expected it to be achieved: It looks likely that today will be the first ever working day in Britain without #coal since the industrial…

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