Episode 170 - Is the Delta wave over? | Still 50% of offshore production offline | German Power, Carbon Rise to Record on Soaring Gas Price

Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closureshttps://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873Is the Delta wave over? Or has it not hit the Northeast?Can we assume that economic activity and travel isn't going to go back down?City in China restricts movement amid outbreakhttps://www.dw.com/en/coronavirus-digest-city-in-china-restricts-movement-amid-outbreak/a-59157352City closures will impact gasoline and jet fuel in ChinaOil prices in the low $70s put pressure on Chinese economyNearly 185,000 b/d of US Gulf oil production returns as Ida recovery continueshttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/091021-nearly-185000-bd-of-us-gulf-oil-production-returns-as-ida-recovery-continuesStill 50% of offshore production offlineShell having particular difficulties getting things back onlineEconomic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closureshttps://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873European Power SituationAnalysis: Expensive winter ahead as Europe's power prices surgehttps://www.reuters.com/business/energy/expensive-winter-ahead-europes-power-prices-surge-2021-09-10/Energy Prices in Europe Hit Records After Wind Stops Blowinghttps://www.wsj.com/articles/energy-prices-in-europe-hit-records-after-wind-stops-blowing-11631528258German Power, Carbon Rise to Record on Soaring Gas Priceshttps://finance.yahoo.com/news/german-power-carbon-rise-record-080615144.htmlRussia is pumping a lot less natural gas to Europe all of a sudden — and it is not clear whyhttps://www.cnbc.com/2021/08/24/russia-is-pumping-less-natural-gas-to-europe-as-nord-stream-2-nears-completion.htmlCharging points for electric cars will be preset to turn off for NINE HOURS a day amid fears they will cause blackouts if government hits target for phasing out petrol and dieselhttps://www.dailymail.co.uk/news/article-9982253/Charging-points-electric-cars-preset-turn-NINE-HOURS-day.html- Is Gazprom deliberately putting the squeeze on the European Union to get Nord Stream II started up?- Consumers don't have extra money to pay prices? 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