196 - China looks to reopen | Lululemon raises prices | Biden uses defense act

U.S. to let Eni, Repsol ship Venezuela oil to Europe for debthttps://www.reuters.com/business/energy/exclusive-us-let-eni-repsol-ship-venezuela-oil-europe-debt-sources-2022-06-05/- will this even help Europe that much because VZ doesn't make that much oil?- is this a prelude to more relaxing of sanctions?Biden invokes Defense Production Act to boost solar panel manufacturinghttps://www.nbcnews.com/politics/white-house/biden-invokes-defense-production-act-boost-solar-panel-manufacturing-rcna32120- How is this going to help anyone? Is there a shortage of US solar panels?Inflation: Lululemon is raising prices as petroleum costs bitehttps://finance.yahoo.com/news/inflation-lululemon-is-jacking-up-prices-by-10-103801531.htmlCOLUMN-Oil bulls emboldened by EU sanctions and China easing lockdowns: Kemphttps://www.reuters.com/article/oil-global-kemp-idAFL1N2XT0R8- What is the reason behind China's relaxing on restrictions? economy? elections? Biden Has ‘Only Bad Options’ for Bringing Down Oil Priceshttps://www.nytimes.com/2022/06/05/business/biden-oil-saudi-arabia.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