Episode 40 - A look at the WTI vs Brent spread | Khalid al Falih and Rick Perry meet in DC | Elon Musk is what drives Tesla's share price

Published: Sept. 13, 2018, 6:39 p.m.

b'contact the show 318-599-9192

https://www.wsj.com/articles/u-s-crudes-discount-to-global-prices-opens-taps-to-exports-1536701798

WTI and Brent differential is almost $10, Shale oil producers have to offer oil at discount because of lack of pipeline capacity

https://www.reuters.com/article/us-usa-energy-saudi/us-and-saudi-energy-ministers-meet-in-washington-doe-idUSKCN1LQ1SU

Khalid al Falih and Rick Perry meet in DC (after attending a Texas A&M football game on Saturday night with Exxon CEO Darren Woods) to discuss nuclear technology for Saudi Arabia
Possible leverage for US over Russia when it comes to nuclear tech

https://www.reuters.com/article/us-venezuela-oil-exclusive/exclusive-venezuela-signs-oil-deals-similar-to-ones-rolled-back-under-chavez-document-idUSKCN1LQ2FQ

According to a document obtained by Reuters, Venezuela wants to bring in small companies to help its oil industry. What kind of companies will be interested in coming in? Is there any chance the companies will take the risk of working with the Maduro government?

https://www.reuters.com/article/us-oil-prices-kemp/traders-bet-iran-sanctions-will-leave-market-short-of-crude-kemp-idUSKCN1LR1V8

Perception of lack of oil by traders is pushing up prices now
Will rising gasoline prices impact the election? Some think it will impact people at under $4/gallon some think it won\'t impact consumers until it hits $4/gallon

https://twitter.com/plattsoil/status/1039607935809273857?s=21

Colonial and Plantation pipelines go through South Carolina and North Carolina. Could be flooding or power outages from Hurricane Florence which could impact gasoline availability in North East. Jones Act will make it difficult to bring oil by ship to North East ports unless it is suspended.

https://www.forbes.com/sites/ellenrwald/2018/09/07/tesla-is-elon-musk-for-better-or-for-worse/#3a49fd201f79

Elon Musk is what drives Tesla\'s share price.
Musk says he spends most of his time on engineering problems. Perhaps that\'s not the best use of his time as CEO.

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'