Episode 134 - Air travel down YoY | OPEC oil output rises for 5th month | Nord Stream 2

Sunday was the busiest day for US air travel since the pandemic beganhttps://www.cnn.com/travel/article/thanksgiving-travel-volume-2020-pandemic/index.html- TSA screened 1.17 million people on Sunday after Thanksgiving 2020- TSA screened 2.8 million people on Sunday after Thanksgiving 2019- What about gasoline? Probably not as many people traveled this Thanksgiving but gasoline might be inflated because people used more gasoline because they traveled longer distances instead of flying- What does this mean for Christmas and gasoline demand?OPEC oil output rises for fifth month on Libyan recovery, Reuters survey showshttps://www.reuters.com/article/us-oil-opec-survey/opec-oil-output-rises-for-fifth-month-on-libyan-recovery-reuters-survey-shows-idUSKBN28A1KW- Libyan oil production ramps up to 750,000 bpd will be higher.- When will OPEC deal with Libyan oil production?OPEC members agree to extend oil cuts by three months, Algeria sayshttps://uk.reuters.com/article/global-oil-opec/opec-members-agree-to-extend-oil-cuts-by-three-months-algeria-says-idUKS8N2GC08ZU.S., Russia Race to Outflank Each Other on Russian Pipelinehttps://www.wsj.com/articles/u-s-russia-race-to-outflank-each-other-on-russian-pipeline-11606645800- US should be working to help Europe diversify its sources of natural gas as opposed to just working to stop the big bad pipeline, which it was working for with deals with Poland.- Germany is basically getting into bed with the mob (Russia) willingly.- Who is really a viable threat to the U.S.? Iran’s Top Nuclear Scientist Killed in Ambush, State Media Sayhttps://www.nytimes.com/2020/11/27/world/middleeast/iran-nuclear-scientist-assassinated-mohsen-fakhrizadeh.html- Assassinating the head of Iran’s nuclear program - Israel + U.S. or just Israel?- Iran got off easy on shooting the airliner down 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