187 - Amid rising prices US courts block offshore lease

Court blocks latest GoM offshore lease sale, wants more greenhouse gas calculationshttps://www.ogj.com/general-interest/government/article/14232851/court-blocks-latest-gom-offshore-lease-sale-wants-more-greenhouse-gas-calculations- must run additional calculations on emissions contribution to global climate change- “failed to include a calculation of potential impacts on global fossil fuel consumption if the lease sale were not held at all.”Before Ukraine Standoff, U.S. Pitched Its ‘Freedom Gas’ to Europe and Found Few Takershttps://www.wsj.com/articles/before-ukraine-standoff-u-s-pitched-its-freedom-gas-to-europe-and-found-few-takers-11643538604?mod=djem_EnergyJournal- Poland did sign contract with US LNG providers- wouldn’t Russia want to find other buyers for its oil if it plans to invade Ukraine and its oil will be sanctioned?- Russia isn’t concerned about American retaliation?Biden to meet Qatar leader as Europe energy crisis loomshttps://apnews.com/article/afghanistan-russia-ukraine-coronavirus-pandemic-joe-biden-business-dfff33604f12df2665d060abb3ff8705- What does the US expect Qatar to do? Most of its supply is contracted to Asia and Asia isn’t likely to resell to Europe.Explainer: Why U.S. natural gas prices spiked by a record 70% on Thursdayhttps://www.reuters.com/business/energy/why-us-natural-gas-prices-spiked-by-record-70-thursday-2022-01-28/- Short seller got caught on last day of contract, low volumeOil Prices Could Reach $100 This Year. It’s Bad for Oil Producers, Too.https://www.barrons.com/articles/oil-prices-could-reach-100-this-year-its-bad-for-oil-producers-too-51643275801- question for OPEC: Does $90 Brent incentivize more drilling than $75 Brent?- Given where inventories are, is $90 Brent too high?Oil forward curves signal tight market, supporting price rallyhttps://www.reuters.com/business/energy/oil-forward-curves-signal-tight-market-supporting-price-rally-2022-01-31/EIA forecasts OPEC production will grow in 2022 despite recent production outages in Libyahttps://www.eia.gov/todayinenergy/detail.php?id=51078Ukraine, Russia conflict could hit US steel industryhttps://www.argusmedia.com/en/news/2295822-ukraine-russia-conflict-could-hit-us-steel-industry- suppliers send from Black Sea, which could be cut off if there is military activity- could source from CanadaOPEC oil output rises by 210,000 bpd in January, survey showshttps://www.reuters.com/business/energy/opec-oil-output-rises-by-210000-bpd-january-survey-shows-2022-01-31/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com