Episode 68 - OPEC Reductions | Treasury Department | Libertad? | Tesla, VW, Tesla, and you

Published: May 21, 2019, 1:47 p.m.

b'IMO 2020 "best ever" from Energy Week: https://www.spreaker.com/user/9550540/energy-week-65

Saudi energy minister suspects Iran exports more oil than market believes
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/051919-saudi-energy-minister-suspects-iran-exports-more-oil-than-market-believes
- Most interesting point to come out of the recent OPEC JMMC meeting. Al Falih believes here is more Iranian oil on the market
- Could this impact the decision that OPEC/OPEC+ makes in June? It could also be a reason to support the rollover of the production restraint agreement

Iran\'s crude exports slide to 500,000 bpd or less: sources
https://www.reuters.com/article/us-iran-oil-exports/irans-crude-exports-slide-to-500000-bpd-or-less-sources-idUSKCN1SN2G4
- This could be what Falih was talking about at the JMMC meeting, or he might be smaller operations.
- Iran has plenty of stored oil near China that it can access that was exported there last year but didn\\u2019t clear customs.

Who gets Venezuela\'s oil?
https://www.cnn.com/2019/05/16/americas/venezuela-oil-debt-opinion-intl/index.html
- Russia and China (which are receiving debt payments in oil) are interested in keeping Maduro in power so they can receive their debt repayments
- If Maduro is overthrown will the debt be cancelled out?

IMO 2020 Insights: check it out!

Volkswagen\\u2019s New Battery Plant Could Be A Game Changer In Electric Vehicle Strategy
https://www.forbes.com/sites/ellenrwald/2019/05/15/volkswagens-new-battery-plant-could-be-a-game-changer-in-electric-vehicle-strategy/#23ce37e51df7
- the more companies making electric vehicle batteries, the more potential there is for battery innovation
- this is a limited factor for electric vehicle adoption, but perhaps if more people are making proprietary batteries there will be innovation.

Tesla Falls as Analyst Says Company Facing \\u2018Code-Red Situation\\u2019
https://finance.yahoo.com/news/tesla-falls-analyst-says-company-135920655.html
- Tesla stock went below $200 and analyst called Tesla in a code red situation
- The problem, he said, is that Musk is focused more side projects like insurance and robotaxis instead of trying to build demand for the Model 3.
- Could this be just a regular correction? Where should Tesla stock really be valued?

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'