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b'OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum
https://finance.yahoo.com/amphtml/news/opec-readies-next-move-bid-230100213.html

OPEC, Allies Set to Ease Oil Cuts, Anticipating Demand Recovery
https://www.wsj.com/articles/opec-allies-set-to-ease-oil-cuts-seeing-pandemic-recovery-11594510347?

- OPEC+ plans to increase production by 2 million bpd starting in August, but is this too much considering that other than China, oil demand isn\\u2019t normalizing.
- Yes, demand is up, but its nowhere near normal levels for this time of year in the US, India, etc.

Power Pioneer Invents New Battery That\\u2019s 90% Cheaper Than Lithium-Ion
https://www.bloomberg.com/amp/news/articles/2020-07-08/nissan-pioneer-touts-resin-battery-that-s-90-cheaper-to-make
- Is it REALLY a better battery? Seems like the improvement is in the manufacturing process and safety not in usage.

Fracking Firms Fail, Rewarding Executives and Raising Climate Fears
https://www.nytimes.com/2020/07/12/climate/oil-fracking-bankruptcy-methane-executive-pay.html
- executives often takes bonuses when their companies go bankrupt, not unique to oil companies.

Dr. Dean Foreman and API\\u2019s Monthly Statistical Report
- Demand is coming back rather substantially, 85% of the increase has been gasoline. Jet fuel and diesel is still weak
- refinery throughput increasing. Biggest jump coming into June for refinery capacity
- Production in June down to 11 million barrels per day, EIA expects that will go down another million Bpd by end of year.
- Inventories continue to build - new record of stored crude oil.
- Backslid on trade and US is now a net importing again in June
- Price stability in oil prices in June after incredible dislocation in supply and demand information in previous months. Why? Traders aren\\u2019t as interested in guessing what\\u2019s going to happen so aren\\u2019t trading. Volatility to come, perhaps?
- Gasoline demand, measures deliveries not consumption. Rural vs. urban is different. Demand data shows that increase in demand shows more commuting. Supplier delivery is what is being measured and this is inconsistent on a weekly basis.
- 2 million bpd increase in gasoline demand is largest increase in a month.
- With SARS air travel was back to where it was within 7 months. This is different.

A Hopeful House Climate Plan Has a Big Hole
https://www.bloomberg.com/opinion/articles/2020-07-07/pelosi-and-house-democrats-climate-plan-has-a-big-hole

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