191 - Will the Saudis save the day?

Scoop: Biden advisers weigh Saudi Arabia trip for more oilhttps://www.axios.com/biden-saudi-trip-oil-b7a91070-8045-4155-9120-a35d59fd7603.html- Is there any chance that Saudi Arabia will go for this? - Saudi Arabia isn't likely to blow up the OPEC+ deal for BidenU.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports to Replace Russia’shttps://www.wsj.com/articles/u-s-officials-meet-with-regime-in-venezuela-to-discuss-oil-exports-to-replace-russias-11646591752- Can Venezuela even produce more?- What is the goal here for the US? To isolate Venezuela from Russia? TO replace Russian barrels with Venezuelan barrels?ESG May Be an Antitrust Violationhttps://www.wsj.com/articles/esg-may-be-an-antitrust-violation-climate-activism-energy-prices-401k-retirement-investment-political-agenda-coordinated-influence-11646594807- Does he mean ESG or Climate Activism?- Is joining a Climate Action group the same as collusion?The Surge in Gas Prices Isn’t Slowing Downhttps://www.wsj.com/articles/the-surge-in-gas-prices-isnt-slowing-down-11646627663- In the U.S., the ability to refine gasoline declined sharply during the pandemic-driven economic slowdown. The market has lost about one million barrels of daily gasoline-refining capacity since early 2020, when the U.S. was producing about 19 million barrels of gasoline a day.Brazil considers fuel subsidies as global oil prices soar, newspaper sayshttps://www.reuters.com/article/brazil-energy-fuel/brazil-considers-fuel-subsidies-as-global-oil-prices-soar-newspaper-says-idUSL2N2VA0R2Oil Jumps Near $125 as Chance of Russian Ban Spurs Crisis Fearshttps://www.yahoo.com/now/brent-oil-soars-above-135-230509159.html 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